Lecture notes for Macroeconomics I, 2004
Per Krusell
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Chapter 1 Introduction
These lecture notes cover a one-
Lecture Notes in Macroeconomics
John C. Driscoll Brown University and NBER1 December 3, 2001
Department of Economics, Brown University, Box B, Providence RI 02912. Phone (401) 863-1584, Fax (401) 863
Chapter 7 Search and Bargaining Models of Exchange
7.1 Introduction
In this chapter we consider models of the exchange process where, as in the previous chapter, once agents meet they exchange and pa
The Search-Theoretic Approach to Monetary Economics: A Primer
Peter Rupert Martin Schindler Randall Wright March 27, 2000 Andrei Shevchenko
Abstract This paper presents a simple version of the basic
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Poisson Processes
An arrival is simply an occurance of some event - like a phone call, a job offer, or whatever - that happens at a particular point in time. We want to talk about a class of conti
Search-and-Matching Models of Monetary Exchange
Prepared for The New Palgrave by Randall Wright University of Pennsylvania
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Introduction
In this article we review a class of equilibrium search (ma
Chapter 2 Job Search Theory
2.1 Introduction
Here we present the basic job search model, in both discrete and continuous time, and introduce some of the many elaborations and applications that have b
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Notes on the OLG Model
Introduction
The overlapping generations (OLG) model, introduced by Sameulson (1958), is a dynamic economic model with many interesting properties. It contains agents wh
Monetary Economics
What follows is a very long list of papers related to the topics that will be covered in this course. Obviously, we will discuss explicitly only a fraction of this material, but it
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The Neoclassical Growth Model
The neoclassical growth model, which originated with the work of Solow and Swan, consists of the following relationships: a production function, yt = f (ht ; kt ), wh
Chapter 6 Search Models of Production and Exchange
6.1 Introduction
In this chapter we study a class of equilibrium search models .rst introduced by Diamond (1982), and since extended by several othe
Cash-In-Advance
Randall Wright
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Basic Assumptions
We begin with a very simple model: an endowment economy with homogeneous agents. The representative agent chooses a sequence for consumption ct to
Chapter 0 Discrete Time Dynamic Programming
0.1 The Finite Horizon Case
Time is discrete and indexed by t = 0; 1; : : : ; T , where T < 1. An individual is interested in maximizing an objective funct
Chapter 9 Bargaining Theory
In this section we present the basics of bilateral bargaining theory. We begin by discussing the axiomatic model of Nash (1950). We then describe a simple version of the st