and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing … for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing … basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations …

Utility functions that are additively-separable in goods consumption and leisure are often used in dynamic stochastic …) utility functions. The advantage of this is that it rules out the possibility of households demanding leisure or labor that … exceeds their time endowment. A non-negatively constraint on leisure or labor can be incorporated into a model, of course …

We use the elements of a macroeconomic production function - physical capital, human capital, labor, and technology … development. It affects human capital through both religious and secular education. It affects population and labor by influencing …

developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the … impact on labor allocation between formal and informal jobs. These results point to the importance of accounting for …

developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … money and credit coexist. An increase in inflation affects unemployment through two channels: the entry channel (size) and … significant impact on labor allocation between formal and informal jobs. These results point to the importance of accounting for …

developing economies. I present a dynamic general equilibrium model with informality in both labor and goods markets and where … money and credit coexist. An increase in inflation affects unemployment through two channels: the matching channel and the … impact on labor allocation between formal and informal jobs. These results point to the importance of accounting for …

private consumption and fuelled successive asset price and stock market euphoric bubbles over this period? At the same time …