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Diary of A Course in Modern Macroeconomics: Heterogeneity and Fluctuations, August 19

1. Wed November 27

We go over the material of the course and we argue why Heterogeneity matters for Macroeconmics. We go over measure theory.

1 2. Fri Nov 29

We finish Measure Theory

We go over the Hopenhayn model of competitive industry equilibria.

We characterize the Aiyagari Model.

We talk about transition. We talk about computation a bit.

We talk about aggregate fluctuations (Krusell Smith type of things). We talk about computation a bit.

We talk about an endogenous theory of wage determination which requires a bit of search theory.

Author: José Víctor Ríos Rull

Created: 2019-11-28 Thu 10:12

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