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DTSTART;TZID=Europe/Berlin:20260615T103000
DTEND;TZID=Europe/Berlin:20260615T143000
DTSTAMP:20260507T201548
CREATED:20250917T092706Z
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UID:990000594-1781519400-1781533800@cgde-home.de
SUMMARY:Macroeconomics II
DESCRIPTION:Course type\nIWH-DPE Foundation Course\, CGDE First-year Course \nLecturers\nProfessor Dr Roland Winkler (FSU) \nSummary\nThis is the second course of the first-year triple sequence in Macroeconomics. \nThe course introduces students to modern dynamic macroeconomic models used to analyze business cycle fluctuations\, fiscal and monetary policy\, and labor market dynamics. \nThe first part introduces the real business cycle (RBC) paradigm\, beginning with key empirical facts about aggregate fluctuations and co-movement patterns\, and develops the baseline stochastic dynamic general equilibrium (DSGE) model\, which attributes macroeconomic fluctuations to exogenous technology shocks. It then incorporate the government into the macroeconomic framework and analyzes the economic effects of taxation and debt\, and introduces the theory of optimal taxation. The third part develops the New Keynesian model to understand the effects of monetary policy and its role as a tool for macroeconomic stabilization. Finally\, the course examines unemployment and labor market frictions through the search and matching model and the Shimer puzzle. \nSchedule\n01.06.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n15.06.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n29.06.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room\n13.07.2026          10:30-12:00 and 13:00-14:30      IWH\, Leipziger Str. 100\, 3rd floor\, Conference Room \nContent\n\nReal Business Cycles\nGovernment and Public Policy\nNominal Frictions and Business Cycles\nFrictional Labor Markets\n\nCourse requirements\nAttendance at all lectures is mandatory and a prerequisite to submit solutions for the assignments. \nAfter each session\, students will be assigned a task\, which must be submitted within two weeks. To successfully complete the course\, students must pass at least three out of four assignments. \nRequired Reading\n1. Real Business Cycles\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 14. https://phdmacrobook.org/ \n2. Government and Public Policy\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapters 15. https://phdmacrobook.org/ \n3. Nominal Frictions and Business Cycles\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 18. https://phdmacrobook.org/ \nGali\, J. (2015). Monetary Policy\, Inflation\, and the Business Cycle: An Introduction to the New Keynesian Framework and Its Applications. Second Edition. Princeton University Press. \n4. Frictional Labor Markets\nAzzimonti\, M.\, Krusell\, P.\, McKay\, A. & Mukoyama\, T. (2025). Macroeconomics. Chapter 20. https://phdmacrobook.org/ \nRegistration\nPlease register for the course until March 31\, 2026 by sending an e-mail to cgde@iwh-halle.de.
URL:https://cgde-home.de/event/macroeconomics-ii/2026-06-15/
LOCATION:Halle Institute for Economic Research (IWH) – Member of the Leibniz Association\, Leipziger Straße 100\, 06108 Halle (Saale)\, conference room\, 3rd floor\, Leipziger Strasse 100\, Halle (Saale)\, Saxony-Anhalt\, 06108\, Germany
CATEGORIES:First-Year Courses
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