Timothy J. Kehoe


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Economics 8105
Macroeconomic Theory
Fall 2019

Syllabus

Problem Set #1

Where did Ponzi Schemes Get their Name?

Notes on Equilibrium and Pareto Efficiency

Problem Set #2

Midterm Exam

Midterm Exam Answer Key

Problem Set #3

Problem Set #4

MS Excel Worksheet for Solving Dynamic Programming Problems with Value Function Iteration

Another MS Excel Worksheet for Solving Dynamic Programming Problems with Value Function Iteration

Problem Set #5

Notes on Balanced Growth Paths

Growth Accounting Notes

Growth Accounting Data

Understanding National Accounts

MS Excel Worksheet with Data for Growth Accounting for the United States

Notes on Using MS Excel to Do Growth Accounting

Notes on Unemployment and Search

Final Exam

Important dates

Thursday, 12 September: Problem Set #1 due.

Thursday, 19 September: Problem Set #2 due.

Thursday, 26 September: Midterm Exam.

Thursday, 3 October: Problem Set #3 due.

Thursday, 10 October: Problem Set #4 due.

Thursday, 17 October: Final Exam

Tuesday, 22 October: Problem Set #5 due.

Some papers

R. Bergoeing, P. J. Kehoe, T. J. Kehoe, and R. Soto, "Decades Lost and Found: Chile and Mexico in the 1980s and 1990s," Review of Economic Dynamics, 5 (2002), 166-205.

J. C. Conesa, D. Costa, P. Kamali, V. M. Nygard, G. Raveendranathan, and A. Saxena, "Macroeconomic Effects of Medicare," Journal of the Economics of Ageing, 11 (2018), 27–40.

J. C. Conesa, T. J. Kehoe, and K. J. Ruhl, "Modeling Great Depressions: The Depression in Finland in the 1990s," Federal Reserve Bank of Minneapolis Quarterly Review, 31:1 (2007), 16–44.

D. Costa, T. J. Kehoe, and G. Raveendranathan, "The Stages of Economic Growth Revisited, Part I: A General Framework and Take Off," Federal Reserve Bank of Minneapolis Economic Policy Paper, March 2016.

D. Costa, T. J. Kehoe, and G. Raveendranathan, "The Stages of Economic Growth Revisited, Part II: Catching Up to and Joining the Economic Leader," Federal Reserve Bank of Minneapolis Economic Policy Paper, April 2016

T. J. Kehoe, "Intertemporal General Equilibrium Models," in F. H. Hahn, editor, The Economics of Missing Markets, Information, and Games, Oxford University Press, 1989, 363-93.

T. J. Kehoe, "Overview Panel: The Case for Globalization and the Dangers Ahead," in Fostering a Dynamic Global Economy: A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Federal Reserve Bank of Kansas City, 2018, 377-90

T. J. Kehoe and E. C. Prescott, "Great Depressions of the Twentieth Century," Review of Economic Dynamics, 5 (2002), 1-18.


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