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Advanced Macroeconomic Theory II

ECO 522

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Macro implications of micro imperfections. The "cleansing" effect of recessions and the impact of allocative versus aggregate shocks. Recent models of consumption and empirical tests of risk-sharing. How the distribution of income or wealth affects aggregate growth and fluctuations. Role of imperfect credit markets, distributional conflict and political economy. Endogenous, skill-biased, technological change and human capital accumulation; implications for growth and social mobility.
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Section L01

  • Type: Lecture
  • Section: L01
  • Status: O
  • Enrollment: 10
  • Capacity: 12
  • Class Number: 40370
  • Schedule: T 01:30 PM-04:30 PM