NATIONAL BUREAU OF ECONOMIC RESEARCH, INC.

 

SUMMER INSTITUTE 2011

 

Methods Lectures: Computational Tools & Macroeconomic Applications

 

Lecturers:  Lawrence Christiano and Jesus Fernandez-Villaverde

 

July 21 - 22, 2011

 

Royal Sonesta Hotel

Ballroom A

40 Edwin H. Land Boulevard

Cambridge, Massachusetts

 

PROGRAM

 

Thursday, July 21:

 

 

8:15 am

Coffee and Pastries

 

 

8:45 am

Lawrence Christiano, Northwestern University and NBER

 

Introduction: Perturbation and projection methods for solving DSGE models.(Slides)

 

 

10:15 am

Break

 

 

10:45 am

Lawrence Christiano, Northwestern University and NBER

 

Applications: Indeterminacy and sunspots.(Slides)

 

 

12:15 pm

Lunch (Ballroom B)

 

 

1:30 pm

Lawrence Christiano, Northwestern University and NBER

 

Applications: Financial frictions.(Slides)

 

 

3:00 pm

Break

 

 

3:30 pm

Lawrence Christiano, Northwestern University and NBER

 

Applications: Ramsey optimal policy.(Slides) (Slides)

 

 

5:00 pm

Adjourn

 

 

Friday, July 22:

 

 

8:15 am

Coffee and Pastries

 

 

8:45 am

Jesus Fernandez-Villaverde, University of Pennsylvania and NBER

 

Why Non Linear/Non-Gausian DSGE Models? Recursive preferences, stochastic volatility, large shocks.(Slides)

 

 

10:15 am

Break

 

 

10:45 am

Jesus Fernandez-Villaverde, University of Pennsylvania and NBER

 

Perturbation theory I (Slides)

 

 

12:15 pm

Lunch (Ballroom B)

 

 

1:30 pm

Jesus Fernandez-Villaverde, University of Pennsylvania and NBER

 

Perturbation theory II.  Projection methods.(Slides)

 

 

3:00 pm

Break

 

 

3:30 pm

Jesus Fernandez-Villaverde, University of Pennsylvania and NBER

 

Models with Heterogeneous Agents.(Slides) (Slides)

 

 

5:00 pm

Adjourn