Macroeconomics and Household Heterogeneity (QEM)
Informacje ogólne
Kod przedmiotu: | 231291-D |
Kod Erasmus / ISCED: |
14.3
|
Nazwa przedmiotu: | Macroeconomics and Household Heterogeneity (QEM) |
Jednostka: | Szkoła Główna Handlowa w Warszawie |
Grupy: |
Elective courses for QEM - masters |
Punkty ECTS i inne: |
3.00 (zmienne w czasie)
|
Język prowadzenia: | angielski |
Efekty uczenia się: |
Wiedza: Understand the nexus between inequality and macroeconomic phenomena Understand research methods used for analyzing inequality in macroeconomic models Conduct rigorous analysis using heterogeneous agent models and modern solution algorithms Umiejętności: Apply the knowledge of macroeconomic models with unequal households Express opinions on economic issues related to empirical and theoretical implications of models with heterogeneous agents used in modern macroeconomics Write codes that enable to solve models with heterogeneous agents Kompetencje społeczne: Student understands the advantages of using models with heterogenous agents Student is able to contribute to discussions related to the nexus between inequality and macroeconomics |
Zajęcia w cyklu "Semestr letni 2024/25" (jeszcze nie rozpoczęty)
Okres: | 2025-02-15 - 2025-09-30 |
Przejdź do planu
PN WT ŚR CZ PT |
Typ zajęć: |
Ćwiczenia, 16 godzin
Wykład, 14 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | (brak danych) | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Topics covered during the course "Macroeconomics and household heterogeneity" pertain to macroeconomic models which depart from the assumption about representative agent and, as such, are well-suited for studying redistributional effects of various economic processes. This class of models has recently become an important workhorse of the economic policy analysis. Course will cover both the theory underlying those models and their numerical implementation. |
|
Pełny opis: |
Understanding the role of household heterogeneity for macroeconomic processes. Expanding the knowledge of advanced numerical tools used for simulating the models with household heterogeneity. Preparing students for high level policy analysis associated with inequality. Understanding interactions between households? heterogeneity and economic policy (fiscal and monetary policies) |
|
Literatura: |
Literatura podstawowa: Ljungqvist L. and Sargent T., Recursive Macroeconomic Theory, 2nd and 3rd editions, MIT Press Literatura uzupełniająca: Aiyagari, S. R. (1994). Uninsured Idiosyncratic Risk and Aggregate Saving. The Quarterly Journal of Economics, 109(3):659?684. Den Haan,W., Rendahl, P., and Riegler, M. (2018). Unemployment (Fears) and Deflationary Spirals. Journal of the European Economic Association, 16(5):1281?1349. Domeij, D. and Heathcote, J. (2004). On The Distributional Effects Of Reducing Capital Taxes. International Economic Review, 45(2):523?554. Hagedorn, M., Manovskii, I., and Mitman, K. (2019). The Fiscal Multiplier. NBER Working Papers 25571, National Bureau of Economic Research, Inc. Huggett, M. (1993). The risk-free rate in heterogeneous-agent incomplete-insurance economies. Journal of Economic Dynamics and Control, 17(5-6):953?969. Kaplan, G., Moll, B., and Violante, G. L. (2018). Monetary Policy According to HANK. American Economic Review, 108(3):697?743. Krueger, D., Mitman, K., and Perri, F. (2016). Macroeconomics and Household Heterogeneity, volume 2 of Handbook of Macroeconomics, chapter 0, pages 843?921. Elsevier. Krusell, P., Mukoyama, T., and Sahin, A. (2010). Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations. Review of Economic Studies, 77(4):1477?1507. McKay, A. and Reis, R. (2016). The Role of Automatic Stabilizers in the U.S. Business Cycle. Econometrica, 84:141?194. Rouwenhorst, K. (1995). Asset Pricing Implications of Equilibrium Business Cycle Models, pages 294?330. Frontiers of Business Cycle Research. Princeton University Press. Tauchen, G. (1986). Finite state markov-chain approximations to univariate and vector autoregressions. Economics Letters, 20(2):177?181. And other papers related to the topic from the recent literature. |
|
Uwagi: |
Kryteria oceniania: egzamin tradycyjny-pisemny: 0.00% egzamin testowy: 0.00% egzamin ustny: 0.00% kolokwium: 0.00% referaty/eseje: 0.00% ocena z ćwiczeń: 0.00% inne: 0.00% projekty: 50.00% studia przypadków: 0.00% prezentacje indywidualne lub grupowe: 50.00% |
Zajęcia w cyklu "Semestr zimowy 2024/25" (w trakcie)
Okres: | 2024-10-01 - 2025-02-14 |
Przejdź do planu
PN WT ŚR CZ CW
WYK
PT |
Typ zajęć: |
Ćwiczenia, 16 godzin
Wykład, 14 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Paweł Kopiec | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Topics covered during the course "Macroeconomics and household heterogeneity" pertain to macroeconomic models which depart from the assumption about representative agent and, as such, are well-suited for studying redistributional effects of various economic processes. This class of models has recently become an important workhorse of the economic policy analysis. Course will cover both the theory underlying those models and their numerical implementation. |
|
Pełny opis: |
Understanding the role of household heterogeneity for macroeconomic processes. Expanding the knowledge of advanced numerical tools used for simulating the models with household heterogeneity. Preparing students for high level policy analysis associated with inequality. Understanding interactions between households? heterogeneity and economic policy (fiscal and monetary policies) |
|
Literatura: |
Literatura podstawowa: Ljungqvist L. and Sargent T., Recursive Macroeconomic Theory, 2nd and 3rd editions, MIT Press Literatura uzupełniająca: Aiyagari, S. R. (1994). Uninsured Idiosyncratic Risk and Aggregate Saving. The Quarterly Journal of Economics, 109(3):659?684. Den Haan,W., Rendahl, P., and Riegler, M. (2018). Unemployment (Fears) and Deflationary Spirals. Journal of the European Economic Association, 16(5):1281?1349. Domeij, D. and Heathcote, J. (2004). On The Distributional Effects Of Reducing Capital Taxes. International Economic Review, 45(2):523?554. Hagedorn, M., Manovskii, I., and Mitman, K. (2019). The Fiscal Multiplier. NBER Working Papers 25571, National Bureau of Economic Research, Inc. Huggett, M. (1993). The risk-free rate in heterogeneous-agent incomplete-insurance economies. Journal of Economic Dynamics and Control, 17(5-6):953?969. Kaplan, G., Moll, B., and Violante, G. L. (2018). Monetary Policy According to HANK. American Economic Review, 108(3):697?743. Krueger, D., Mitman, K., and Perri, F. (2016). Macroeconomics and Household Heterogeneity, volume 2 of Handbook of Macroeconomics, chapter 0, pages 843?921. Elsevier. Krusell, P., Mukoyama, T., and Sahin, A. (2010). Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations. Review of Economic Studies, 77(4):1477?1507. McKay, A. and Reis, R. (2016). The Role of Automatic Stabilizers in the U.S. Business Cycle. Econometrica, 84:141?194. Rouwenhorst, K. (1995). Asset Pricing Implications of Equilibrium Business Cycle Models, pages 294?330. Frontiers of Business Cycle Research. Princeton University Press. Tauchen, G. (1986). Finite state markov-chain approximations to univariate and vector autoregressions. Economics Letters, 20(2):177?181. And other papers related to the topic from the recent literature. |
|
Uwagi: |
Kryteria oceniania: egzamin tradycyjny-pisemny: 0.00% egzamin testowy: 0.00% egzamin ustny: 0.00% kolokwium: 0.00% referaty/eseje: 0.00% ocena z ćwiczeń: 0.00% inne: 0.00% projekty: 50.00% studia przypadków: 0.00% prezentacje indywidualne lub grupowe: 50.00% |
Zajęcia w cyklu "Semestr letni 2023/24" (zakończony)
Okres: | 2024-02-24 - 2024-09-30 |
Przejdź do planu
PN WT ŚR CZ PT |
Typ zajęć: |
Ćwiczenia, 16 godzin
Wykład, 14 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | (brak danych) | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Topics covered during the course "Macroeconomics and household heterogeneity" pertain to macroeconomic models which depart from the assumption about representative agent and, as such, are well-suited for studying redistributional effects of various economic processes. This class of models has recently become an important workhorse of the economic policy analysis. Course will cover both the theory underlying those models and their numerical implementation. |
|
Pełny opis: |
Understanding the role of household heterogeneity for macroeconomic processes. Expanding the knowledge of advanced numerical tools used for simulating the models with household heterogeneity. Preparing students for high level policy analysis associated with inequality. Understanding interactions between households? heterogeneity and economic policy (fiscal and monetary policies) |
|
Literatura: |
Literatura podstawowa: Ljungqvist L. and Sargent T., Recursive Macroeconomic Theory, 2nd and 3rd editions, MIT Press Literatura uzupełniająca: Aiyagari, S. R. (1994). Uninsured Idiosyncratic Risk and Aggregate Saving. The Quarterly Journal of Economics, 109(3):659?684. Den Haan,W., Rendahl, P., and Riegler, M. (2018). Unemployment (Fears) and Deflationary Spirals. Journal of the European Economic Association, 16(5):1281?1349. Domeij, D. and Heathcote, J. (2004). On The Distributional Effects Of Reducing Capital Taxes. International Economic Review, 45(2):523?554. Hagedorn, M., Manovskii, I., and Mitman, K. (2019). The Fiscal Multiplier. NBER Working Papers 25571, National Bureau of Economic Research, Inc. Huggett, M. (1993). The risk-free rate in heterogeneous-agent incomplete-insurance economies. Journal of Economic Dynamics and Control, 17(5-6):953?969. Kaplan, G., Moll, B., and Violante, G. L. (2018). Monetary Policy According to HANK. American Economic Review, 108(3):697?743. Krueger, D., Mitman, K., and Perri, F. (2016). Macroeconomics and Household Heterogeneity, volume 2 of Handbook of Macroeconomics, chapter 0, pages 843?921. Elsevier. Krusell, P., Mukoyama, T., and Sahin, A. (2010). Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations. Review of Economic Studies, 77(4):1477?1507. McKay, A. and Reis, R. (2016). The Role of Automatic Stabilizers in the U.S. Business Cycle. Econometrica, 84:141?194. Rouwenhorst, K. (1995). Asset Pricing Implications of Equilibrium Business Cycle Models, pages 294?330. Frontiers of Business Cycle Research. Princeton University Press. Tauchen, G. (1986). Finite state markov-chain approximations to univariate and vector autoregressions. Economics Letters, 20(2):177?181. And other papers related to the topic from the recent literature. |
|
Uwagi: |
Kryteria oceniania: egzamin tradycyjny-pisemny: 0.00% egzamin testowy: 0.00% egzamin ustny: 0.00% kolokwium: 0.00% referaty/eseje: 0.00% ocena z ćwiczeń: 0.00% inne: 0.00% projekty: 50.00% studia przypadków: 0.00% prezentacje indywidualne lub grupowe: 50.00% |
Zajęcia w cyklu "Semestr zimowy 2023/24" (zakończony)
Okres: | 2023-10-01 - 2024-02-23 |
Przejdź do planu
PN WT ŚR CZ CW
WYK
PT |
Typ zajęć: |
Ćwiczenia, 16 godzin
Wykład, 14 godzin
|
|
Koordynatorzy: | (brak danych) | |
Prowadzący grup: | Paweł Kopiec | |
Lista studentów: | (nie masz dostępu) | |
Zaliczenie: |
Przedmiot -
Ocena
Wykład - Ocena |
|
Skrócony opis: |
Topics covered during the course "Macroeconomics and household heterogeneity" pertain to macroeconomic models which depart from the assumption about representative agent and, as such, are well-suited for studying redistributional effects of various economic processes. This class of models has recently become an important workhorse of the economic policy analysis. Course will cover both the theory underlying those models and their numerical implementation. |
|
Pełny opis: |
Understanding the role of household heterogeneity for macroeconomic processes. Expanding the knowledge of advanced numerical tools used for simulating the models with household heterogeneity. Preparing students for high level policy analysis associated with inequality. Understanding interactions between households? heterogeneity and economic policy (fiscal and monetary policies) |
|
Literatura: |
Literatura podstawowa: Ljungqvist L. and Sargent T., Recursive Macroeconomic Theory, 2nd and 3rd editions, MIT Press Literatura uzupełniająca: Aiyagari, S. R. (1994). Uninsured Idiosyncratic Risk and Aggregate Saving. The Quarterly Journal of Economics, 109(3):659?684. Den Haan,W., Rendahl, P., and Riegler, M. (2018). Unemployment (Fears) and Deflationary Spirals. Journal of the European Economic Association, 16(5):1281?1349. Domeij, D. and Heathcote, J. (2004). On The Distributional Effects Of Reducing Capital Taxes. International Economic Review, 45(2):523?554. Hagedorn, M., Manovskii, I., and Mitman, K. (2019). The Fiscal Multiplier. NBER Working Papers 25571, National Bureau of Economic Research, Inc. Huggett, M. (1993). The risk-free rate in heterogeneous-agent incomplete-insurance economies. Journal of Economic Dynamics and Control, 17(5-6):953?969. Kaplan, G., Moll, B., and Violante, G. L. (2018). Monetary Policy According to HANK. American Economic Review, 108(3):697?743. Krueger, D., Mitman, K., and Perri, F. (2016). Macroeconomics and Household Heterogeneity, volume 2 of Handbook of Macroeconomics, chapter 0, pages 843?921. Elsevier. Krusell, P., Mukoyama, T., and Sahin, A. (2010). Labour-Market Matching with Precautionary Savings and Aggregate Fluctuations. Review of Economic Studies, 77(4):1477?1507. McKay, A. and Reis, R. (2016). The Role of Automatic Stabilizers in the U.S. Business Cycle. Econometrica, 84:141?194. Rouwenhorst, K. (1995). Asset Pricing Implications of Equilibrium Business Cycle Models, pages 294?330. Frontiers of Business Cycle Research. Princeton University Press. Tauchen, G. (1986). Finite state markov-chain approximations to univariate and vector autoregressions. Economics Letters, 20(2):177?181. And other papers related to the topic from the recent literature. |
|
Uwagi: |
Kryteria oceniania: egzamin tradycyjny-pisemny: 0.00% egzamin testowy: 0.00% egzamin ustny: 0.00% kolokwium: 0.00% referaty/eseje: 0.00% ocena z ćwiczeń: 0.00% inne: 0.00% projekty: 50.00% studia przypadków: 0.00% prezentacje indywidualne lub grupowe: 50.00% |
Właścicielem praw autorskich jest Szkoła Główna Handlowa w Warszawie.