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wmutschl committed Jun 19, 2024
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## Content

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We cover modern theoretical macroeconomics (the study of aggregated variables such as economic growth, unemployment and inflation by means of structural macroeconomic models) and combine it with numerical methods to study abstract macroeconomic concepts such as optimal monetary, fiscal and environmental policy, occasionally binding constraints (zero-lower-bound, irreversible investment), quantitative easing and rare disasters. To this end, we use the Dynamic Stochastic General Equilibrium (DSGE) model paradigm, particularly focusing on different variants of the New-Keynesian model, and develop the numerical procedures and algorithms required to solve and simulate such models. Using several case studies from the literature the theoretical and methodological foundations of computational macroeconomics are taught.
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## Topics
- Algebra of RBC and New-Keynesian models
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