Matthias Kredler's Homepage


Past courses, past reading groups

MA/PhD: Macro II (Spring 2018)

Definition of the state in dynamic programming
Lecture notes on Euler Equations in stochastic environments
HW1, HW2, HW3, HW4, HW5, HW6, HW7, HW8, HW9, HW10, HW11.
Midterm exam with solutions
Final exam with solutions

MA/PhD: Macro Reading Group (Spring 2018)

We meet on Tuesdays, 18.00-19.30h (Aula 15.0.06).


Date Presenter Paper title (+ link to presentation slides) Author(s) Year
30-Jan-2018 Javier Rodríguez Gender Gaps and the Rise of the Service Economy Ngai & Petrolongo 2017
13-Feb-2018 Antonia Díaz How to Get Started with Research -- --
20-Feb-2018 Ismael Gálvez The Labor-Market Impact of Undocumented Immigrants: Job Creation vs. Job Competition Albert 2018
27-Feb-2018 Javier Rodríguez Free to Leave? A Welfare Analysis of Divorce Regimes Fernández & Wong 2017
6-Mar-2018 Onursal Bağırgan Tax Competition in a Simple Model with Heterogeneous Firms: How Larger Markets Reduce Profit Taxes Haufler & Stähler 2013
20-Mar-2018 Elizaveta Pronkina Static and Intertemporal Household Decisions Chiappori & Mazzoco 2017
3-Apr-2018 Rubén Veiga Monetary Union with Voluntary Participation Fuchs & Lippi 2005
4-Apr-2018 16.00-17.00h Special Session: How to Publish with Applied Econometrics Reading Group --
10-Apr-2018 Ismael Gálvez Own Research -- --
24-Apr-2018 María Bru Dynamics of Investment Debt and Default Gordon & Guerron-Quintana 2017
8-May-2018 Álvaro Salazar International Credit Supply Shocks Cesa-Bianchi, Ferrero & Rebucci 2017
22-May-2018 Nicolás Aragón Volatility and Growth: Credit Constraints and the Composition of Investment Aghion, Angeletos, Banerjee & Manova 2010
Series on continuous-time methods
29-May-2018 Sergio Feijóo Schumpeterian Growth Klette & Kortum (I) --
5-Jun-2018 Onursal Bağırgan Models of Innovation with Firm Dynamics Klette & Kortum (II) --
12-Jun-2018 Javier Rodríguez & Rubén Veiga Theories of Wealth Inequality and the r-g Debate Benhabib, Bisin & Zhu; Piketty & Zucman --
26-Jun-2018 Elizaveta Pronkina Own Research -- --

Reading lists: 30-Jan-2018, 20-Feb-2018, 27-Feb-2018, 6-Mar-2018, 20-Mar-2018, 3-Apr-2018, 24-Apr-2018, 8-May-2018, 22-May-2018

Lecture notes on continuous-time methods

The following lecture notes are meant to provide a first intuitive introduction to continuous-time methods. Consult the standard textbooks (Karatzas & Shreve, Øksendahl) if you are looking for more.

Lecture notes Homework
Deterministic control: Hamilton-Jacobi-Bellman equation (HJBs) etc. HJB HW
Stochastic differential equations (SDEs), the Ito Rule and HJBs HW on Ito Rule,
HW on SDEs and partial differential equations (PDEs)
Kolmogorov Forward Equation Forward HW
Numerical techniques: the trinomial grid no homework
Tricks for exit times, exit probabilities, and densities (with an explanation of Green Functions) exercises included in notes

For numerical methods, also see the computational appendix to Altruistically-Motivated Transfers under Uncertainty (with Daniel Barczyk) on my research website.

CV Research Other Work Teaching