Optimal Unemployment Insurance
Hugo A. Hopenhayn
University of Rochester and Universitat Pompeu Fabra
Juan Pablo Nicolini
Universidad Torcuato di Tella and Universitat Pompeu Fabra
This paper considers the design of an optimal unemployment insurance syste
ECN 713 Spring 2010
Natalia Kovrijnykh
Macroeconomic Analysis II Syllabus
The main purpose of this course is to teach you tools to analyze dynamic macroeconomic models. We will start by learning basic methods of dynamic programming. We will introduce the
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 8: Due on Wednesday, May 5, by 2pm in my mailbox (100 points total)
1. [5 points] Consider the matching model we studied in class, but with an arbitrary matching function M (u; v ) (not necessarily Cobb-D
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 6: Due on Thursday, April 15, in class (100 points total)
1. [25 points] Consider the following endowment economy. There is a continuum of consumers on the unit interval. Each has preferences given by E
1
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 7: Due on Tuesday, April 27, in class (100 points total)
Lucas and Prescott (1974). 1. [15 points] Consider the operator corresponding to the Bellman equation we studied in class: Z T (v ) (x; z ) = max ;
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 5: Due on Tuesday, March 23, in class (100 points total)
1. [20 points] Consider the version of Thomas and Worrall (1988) with one-sided commitment that we studied in class. Show that there exists 2 (0; 1
ECN 713 Spring 2010 Natalia Kovrijnykh Problem Set 4: Due on Thursday, March 4, in class (100 points total) 1. [25 points] Consider Lucas endogenous growth model with physical and human capital. Households are identical, with preferences over lifetime con
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 3: Due on Friday, February 19, by 3 p.m. in my mailbox (100 points total)
1. [15 points] Consider the basic search model that we studied in class (linear utility, no layos, and no endogenous search intens
ECN 713 Spring 2010 Natalia Kovrijnykh
Problem Set 2: Due on Thursday, February 11 in class (100 points total) Write a MATLAB code for the following stochastic growth model. The state of a representative agent is dened by his capital stock, k , and a prod
ECN 713 Spring 2010 Natalia Kovrijnykh Problem Set 1: Due on February 2 in class (100 points total) 1. [10 pts] Prove the contraction mapping theorem that we stated in class. 2. [15 pts] Assume that X = R+ ; (x) = R and F is C 2 , Fx 0; Fy 0; and strictly