Macroeconometrics

I. Syllabus:

We want to study how we can uncover empirical relationships between macroeconomic variables. The main example used throughout the course is the question how monetary policy aspects output and other variables of interest.

  • Stylized macroeconomic facts of the European and US business cycle
  • The identification problem in macroeconometrics
  • The Cowles Commission approach
  • The LSE approach
  • The VAR approach
  • Intertemporal optimization and the GMM method
  • The calibration approach

 

II. Prerequisites:

 

III. Lecture:

 

VI. Downloads:

 

V. Tutorial:

 

VI. PC-Tutorial (voluntary):

Access to the computer lab requires one-time registration with a Stu-Account

 

VII. Exam:

  • 5 LP
  • written exam

 

VIII. Literature:

  • Textbook: Carlo Favero, Applied Macroeconometrics, Oxford University Press, 2001.
  • Articles: are announced later in the course