This course will expose participants to modern continuous time modelling techniques at the intersection between macroeconomics, monetary economics and (international) finance. Professor Markus Brunnermeierwill teach the courseand Sebastian Merkel will give the TA sessions. It is primarily aimed...

The class will cover basic theory of price and output determination in the New Keynesian models and the effect of monetary and fiscal policy. We will cover how the basic framework can explain not only the effect of monetary and fiscal policy under normal circumstances, but also conditions that...