Computational Tools and Macroeconomic Applications
A short course taught at the NBER SI 2011 with Larry Christiano. Link to the course web page.

Methods in Macroeconomic Dynamics

This set of lecture notes is the backbone of a class on formulation, computation,
and estimation of dynamic general equilibrium models. The notes have been written
jointly with Juan Rubio-Ramirez, at Duke University. This is work in progress and
I will welcome comments!

Lecture Notes 1: Introduction

Lecture Notes 2: Formulating Dynamic Equilibrium
Models

Lecture Notes 3: Solving Dynamic Equilibrium
Models

Lecture Notes 4: Introduction to Bayesian
Econometrics

Lecture Notes 5: Monte Carlo Methods

Lecture Notes 6: Markov Chain Monte Carlo

Lecture Notes 7: Metropolis-Hastings

Lecture Notes 9: Filtering Theory

Lecture Notes 10: Model Comparison

Lecture Notes 11: Inference

Lecture Notes 12:
Nonlinear and/or Non-gaussian Filtering
Lecture Notes for Graduate Macroeconomics

This set of transparencies are prepared for a graduate class in
macroeconomics. Dirk Krueger is the source of much material in them and some of the material is borrowed from standard first-year textbooks (Acemoglu, L-S, SLP, etc.). This is work in progress and I will welcome comments!

Lecture
Notes 1: Introduction to Uncertainty.

Lecture Notes 2: Equilibrium with Complete Markets.

Lecture
Notes 3: Asset Pricing.

Lecture
Notes 4: OLG Models.

Lecture
Notes 5: Topics in OLG Models.

Lecture
Notes 6: OLG Models with Production.

Lecture
Notes 7: Job Search.

Lecture
Notes 8: Random Matching.

Lecture
Notes 9: Search Theoretic Models of Money.

Lecture
Notes 10: Neoclassical Growth Model.

Lecture
Notes 11: Endogenous Growth Models.

Lecture
Notes 12: RBC Models.

Lecture
Notes 13: Ramsey Fiscal Policy.

Technical Lecture Notes 0: Measure Theory.

Technical Lecture Notes 1: Stochastic Dynamic
Programming.

Technical Lecture Notes 2: Numerical Dynamic Programming.

Technical Lecture Notes 3: Continuous Time Stochastic Processes.

Technical Lecture Notes 4: Optimization in
Continuous Time.

Technical Lecture Notes 5: Spectral Analysis.

Technical Lecture Notes 6: NIPA.
Lecture Notes on the Macroeconomics of Uncertainty Shocks: Evidence, Models, and Methods

Lecture
Notes 1: Motivation and Evidence.

Lecture
Notes 2: Macroeconomic Models with Uncertainty Shocks.

Lecture
Notes 3: Solution Methods.

Lecture
Notes 4: The Econometrics of Uncertainty Shocks.

Lecture
Notes 5: Applications.
Notes 1: Motivation and Evidence uses several graphs (pp. 32-37, 39-41, and 49-51) generously shared by Nick Bloom.

Lecture Notes on Macroeconomics and Financial Frictions

This set of transparencies are prepared for a graduate class in macroeconomics with financial frictions.

Lecture
Notes 1: Macroeconomic Models with Financial Frictions.

Lecture Notes 2: A Model with Collateral Constraints.

Lecture
Notes 3: A Model with Costly-State Verification.

Lecture
Notes 4: A Model with Costly Enforcement.

Lecture
Notes 5: A Model of Financial Intermediation.

Lecture
Notes 6: A Model with Explicit Solution.
An Introduction to Equilibrium Macroeconomics

This set of lecture notes is an undergraduate class on Macroeconomics taught from an equilibrium
perspective. There is more than enough material for a semester course and probably enough for a one
year sequence. When I teach this class I pick and choose from those lecture notes.
This is work in progress and I will welcome any comments!

Lecture Notes on Macroeconomics
Global Economic History

This set of lecture notes is the backbone of a class on Global Economic
History at Penn.

I have borrowed material and figures from many people's papers, including papers by Daron Acemoglu, Jim Robinson, Nathan Nunn, Kevin O'Rourke, Robert Allen, and many other fantastic economists. I am still working on the notes and I will make all the attributions explicit as soon as I can. Also, many people have helped me with some of the material. Again, I hope to have soon an explicit acknowledgment document. While this happens, I thought it could be a good idea to show my work and get some feedback.

Of course, I warmly welcome comments (and the pointing out of errors!).

Lecture Notes 1: Introduction

Lecture Notes 2: Contacts

Lecture Notes 3: Malthus: Population and Economic Growth

Lecture Notes 4: Geography, Environment, and Climate: the "Real" Real Shocks

Lecture Notes 5: Sea Empires

Lecture Notes 6: Land Empires

Lecture Notes 7: Europe Gets Ahead

Lecture Notes 8: An Industrial Revolution? (currently merged with previous set of lecture notes, to be expanded later).

Lecture Notes 9: Cradle of Modernity

Lecture Notes 10: Catching Up, Falling Behind

Lecture Notes 11: The Strange Death of Liberal Europe

Lecture Notes 12: The Great Depression (currently merged with previous set of lecture notes, to be expanded later).

Lecture Notes 13: False Hopes: Communism and Fascism

Lecture Notes 14: Les Trente Glorieuses

Lecture Notes 15: New Countries: Failures and Successes

Lecture Notes 16: Death and Transfiguration (currently merged with lecture notes 14, to be expanded later).

Lecture Notes 17: Back to the Future: the Global Recession