この講義では後動学的最適化理論に基づいた個人の貯蓄・消費および資産選択,企業の生産投資行動についてふれる。さらに動学的最適化モデルの応用として内生成長理論・リアルビジネスサイクル理論,関連事項としてインフレーションと金融政策を取り上げる。学部レベルのマクロ経済学および上級ミクロ経済学を習得していることが望ましい。
This course develops core models of dynamic macroeconomics and economic growth. The topics treated include: exogenous and endogenous growth model; monetary depression model.
We discuss the theory of saving, consumption and investment based on dynamic optimization. Furthermore, we also explore endogenous growth theory and real business cycle theory as an application of dynamic optimization model, and monetary and fiscal policy as a related matter.
・ The number in a bracket indicates expected number of lectures
1.The Solow model (1.5)
Chapter 1
2.Infinite-Horizon and Overlapping –Generations Model (3)
Chapter 2
3.New Growth Theory(2)
Chapter 3
4.Real-Business-Cycle Theory (1.5)
Chapter 4
5.Consumption (2)
Chapter 7
6.Investment (2)
Chapter 8
7.Inflation and Monetary Policy (1)
Chapter 10
8.Budget Deficits and Fiscal Policy (1)
Chapter 11
・ David Romer (2006) Advanced Macroeconomics (3rd edition)
prerequisite:macroeconomics and econometrics at the level of undergraduate textbooks and advanced microeconomics.
【evaluation】
Homework, and Final exam
Homework will be given from the problem set of the text. Every student is recommended to attend TA session for discussing solutions of homework. TA session will be conducted in Japanese.
【office hour】
15:00-1600Monday