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Macroeconomic Theory - SSCC

Macroeconomic Theory Dirk Krueger1. Department of Economics University of Pennsylvania January 26, 2012. 1. I am grateful to my teachers in Minnesota, Chari, Timothy Kehoe and Ed- ward Prescott, my ex-colleagues at Stanford, Robert Hall, Beatrix Paal and Tom Sargent, my colleagues at UPenn Hal Cole, Jeremy Greenwood, Randy Wright and Iourii Manovski and my co-authors Juan Carlos Conesa, Jesus Fernandez-Villaverde, Felix Kubler and Fabrizio Perri as well as Victor Rios-Rull for helping me to learn modern Macroeconomic Theory . These notes were tried out on numerous students at Stanford, UPenn, Frankfurt and Mannheim, whose many useful comments I appreci- ate. Kaiji Chen and Antonio Doblas-Madrid provided many important corrections to these notes.

Macroeconomic Theory Dirk Krueger1 Department of Economics University of Pennsylvania January 26, 2012 1I am grateful to my teachers in Minnesota, V.V Chari, Timothy Kehoe and Ed- ward Prescott, my ex-colleagues at …

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