Matthias Kredler's Homepage

Teaching

Past courses


PhD/MA UC3M: Macro II (Spring 2011)

Syllabus,
Notes on stochastic Euler Equations,
Definition of the state in dynamic programming
Mid-term exam: 24 March 2011 (45 minutes)
Practice questions for final exam, essential knowledge for final exam,
Final exam

Homeworks: HW 1, HW 2, HW 3, HW 4, HW 5, HW 6, HW 7

PhD UC3M: Reading Group (Spring 2011)

Guidelines, Submission Format
Meetings take place weekly on Wednesday 17.00h-18.30h (aula 15.0.05).

30-minute presentations:

Date Presenter Paper title (+ link to presentation slides) Author(s) Year
28-Feb-2011 Román Fossati The Slow Growth of New Plants: Learning about Demand? Foster, Haltiwanger & Syverson 2010
28-Feb-2011 Bernhard Schmidpeter Political Intergenerational Risk Sharing D'Amato & Galasso 2009
7-March-2011 Olga Croitorov Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy Christiano, Evans & Eichenbaum 2003
7-March-2011 Efi Adamopoulou Estimating Social Effects in Matching Markets: Externalities in Spousal Search Drewianka 2003
14-March-2011 Max Glischinski Search in the Labor Market and the Real Business Cycle Merz 1995
14-March-2011 Lian Allub Wage Inequality and Entrepreneurship De Francesco 2009
21-March-2011 Daniel García Fire Sales in a Model of Complexity Caballero & Simsek 2010
21-March-2011 Efi Adamopoulou Friends' Networks and Job Finding Rates Cappellari & Tatsiramos 2010
28-March-2011 Lucila Berniell Unwilling or Unable to Cheat? Evidence from a Tax Audit Experiment in Denmark Kleven, Knudsen, Thustrup Kreiner, Pedersen & Saez 2010
28-March-2011 Román Fossati Consumer Inertia, Firm Growth and Industry Dynamics Fishman & Rob 2003
4-April-2011 Loris Rubini Openness, Technology Capital, and Development McGrattan & Prescott 2009
4-April-2011 Lian Allub Entrepreneurship, Saving, and Social Mobility Quadrini 2000
11-April-2011 Robert Kirkby House Prices, Borrowing Constraints, and Monetary Policy in the Business Cycle Iacoviello 2005
11-April-2011 Daniel García Occupational Choice and Dynamic Incentives Ghatak, Morelli & Sjostrom 2001
11-May-2011 Lian Allub Uninsured Idiosyncratic Investment Risk and Aggregate Saving Angeletos 2006
11-May-2011 Marta Rekas Adjusting to Trade Liberalization: Reallocation and Labor Market Policies Cosar 2010
18-May-2011 Bernhard Schmidpeter Wage Rigidities, Reallocation Shocks and Jobless Recovieries Shimer 2010
18-May-2011 Matthias Kredler Borrowing Constraints and Aggregate Economic Activity Scheinkman & Weiss 1986
8-June-2011 Lovleen Kushwah Financial Intermediation and Credit Policy in Business Cycle Analysis Kiyotaki & Gertler 2010
8-June-2011 Javier Fernández-Blanco Search Intermediaries Shi & Siow 2011
22-June-2011 Robert Kirkby Medium-Term Business Cycles Comin & Gertler 2006
22-June-2011 Matthias Kredler Income and Wealth Heterogeneity in the Macroeconomy Krusell & Smith 1998

Reading lists:
28-Feb-2011, 7-Mar-2011, 14-Mar-2011, 21-Mar-2011, 28-Mar-2011, 4-Apr-2011, 11-Apr-2011, 11-May-2011, 18-May-2011, 8-Jun-2011, 22-Jun-2011

Short lecture notes on continuous-time methods

The following lecture notes are meant to provide a first intuitive introduction to continuous-time methods; they are not always 100% mathematically rigorous. Consult the standard textbooks (Karatzas & Shreve, Oksendahl) if you are looking for more.

Lecture notes Homework
Deterministic control: Hamilton-Jacobi-Bellman equation (HJBs) etc. HJB HW
Stochastic differential equations (SEDs), the Ito Rule and HJBs HW on Ito Rule,
HW on SEDs and partial differential equations (PDEs)
Kolmogorov Forward Equation Forward HW
Numerical techniques: The trinomial grid no homework



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