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Macroeconomic Theory - SSCC

Macroeconomic TheoryDirk Krueger1 Department of EconomicsUniversity of PennsylvaniaJanuary 26, 20121I am grateful to my teachers in Minnesota, Chari, Timothy Kehoe and Ed-ward Prescott, my ex-colleagues at Stanford, Robert Hall, Beatrix Paal and TomSargent, my colleagues at UPenn Hal Cole, Jeremy Greenwood, Randy Wright andIourii 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 learnmodern Macroeconomic Theory . These notes were tried out on numerous students atStanford, UPenn, Frankfurt and Mannheim, whose many useful comments I appreci-ate.

After a quick warm-up for dynamic general equilibrium models in the –rst part ... the main empirical –ndings from the Summers-Heston panel data set. We will brie⁄y discuss the Solow model and its empirical implications (using the arti-cle by Mankiw et al. (1992) and Romer, chapter 2), then continue with the ...

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  Macroeconomics, Dynamics, Theory, Panels, Macroeconomic theory

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