Professor Eran Yashiv
Business Cycles and The Labor Market
Update: April 27, 2012
_______________________________________________________________________
I
Search and Matching
Chapters 1 and 2 from Pissarides
2000 (TAU library reprint)
Rogerson, Shimer and Wright survey
paper 2005
Rogerson
and Shimer 2010 Survey paper
2010 Nobel
Lectures
Note that the links include Powerpoint slides used in the lectures.
American Economic
Review Nobel Papers June 2011:
The Model
Mortensen on Poisson modeling – see pages 855-859
Empirical Work
Hagedorn and Manovskii AER 2008
Shimer RED 2012
Efficiency
________________________________________________________________________
II RBC Models
Surveys
Consumption
in Cass-Koopmans model
2004 Nobel Prize for Kydland and Prescott
http://nobelprize.org/nobel_prizes/economics/laureates/2004/adv.html
http://nobelprize.org/nobel_prizes/economics/laureates/2004/prescott-lecture.html
Solving the RBC Model
From Craig Burnside
Codehttp://dge.repec.org/codes/burnside/rbc.zip
http://www.duke.edu/~acb8/res/fh4appa.pdf
________________________________________________________________________
III
New Keynesian Model
Gali Chapter 3 with emphasized parts
Christiano paper in
March 2011 conference
Need
to know (not deeply) sections 1, 2 and 3
________________________________________________________________________
Exam questions examples including the outline for
a solution