This 24-hour macroeconomics course is split into two modules taught by Professor Di Bartolomeo and Professor Tirelli. Professor Di Bartolomeo's module will cover empirical evidence on monetary nonneutrality, the basic New Keynesian model, monetary policy in the New Keynesian framework including determinacy and tradeoffs, and an introduction to wage stickiness. Professor Tirelli's module will focus on monetary policy in an open economy, merging nominal and real frictions in dynamic stochastic general equilibrium models, and empirical DSGE models of the Eurozone.
This 24-hour macroeconomics course is split into two modules taught by Professor Di Bartolomeo and Professor Tirelli. Professor Di Bartolomeo's module will cover empirical evidence on monetary nonneutrality, the basic New Keynesian model, monetary policy in the New Keynesian framework including determinacy and tradeoffs, and an introduction to wage stickiness. Professor Tirelli's module will focus on monetary policy in an open economy, merging nominal and real frictions in dynamic stochastic general equilibrium models, and empirical DSGE models of the Eurozone.
This 24-hour macroeconomics course is split into two modules taught by Professor Di Bartolomeo and Professor Tirelli. Professor Di Bartolomeo's module will cover empirical evidence on monetary nonneutrality, the basic New Keynesian model, monetary policy in the New Keynesian framework including determinacy and tradeoffs, and an introduction to wage stickiness. Professor Tirelli's module will focus on monetary policy in an open economy, merging nominal and real frictions in dynamic stochastic general equilibrium models, and empirical DSGE models of the Eurozone.
This 24-hour course builds on the module taught by prof. Femminis. It focuses on new developments involving real business cycle theory, monetary and fiscal policy. The course is split into two modules taught by prof. Di Bartolomeo and by prof. Tirelli. Prof. Di Bartolomeo - Empirical evidence about monetary nonneutrality, liquidity effects, price stickiness and the classical monetary model (Gal Ch 1 and 2) - The basic New Keynesian model (Gal Ch 3) - Monetary policy in the New Keynesian framework: REE determinacy and policy tradeoffs (Gal ch 45) - Wage stickiness: An introduction (Gal ch. 6) Prof. Tirelli - Monetary Policy in the Open Economy (Gal ch. 7) -Merging nominal and real frictions in a medium scale Dynamic Stochastic General Equilibrium (DSGE) model -Empirical DSGE models of the Eurozone
Muscatelli, Tirelli and Trecroci (2004) - Fiscal and Monetary Policy Interactions - Empirical Evidence and Optimal Policy Using A Structural New Keynesian Model