Advanced Macroeconomics II

This is an advanced class in monetary economics. We cover empirical evidence, neoclassical models, New Keynesian models, monetary policy with heterogeneous agents, and price setting with heterogeneous firms. We also emphasize solution methods for models in continuous and discrete time. Students enrolled in MGTECON 612 take the class for 4 units. Students develop a research proposal and present it to the instructors as the final exam. Prerequisite: Satisfaction of the economics department's core macro requirement or consent of the instructors.