Handouts

Handout 1: Solving a Linear Approximation of the Real Business Cycle model with Fixed Labor Supply. 

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Handout 2: A General Method for the Linear Approximation to the Solution of DSGE Models

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Handout 3: Introducing a Stochastic Trend in the RBC Model

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Handout 4: Introducing a trend in the price of investment

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Handout 5: Incorporating nominal rigidities in the RBC model

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Handout 6: Some basic time-series concepts

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Handout 7: Some more time series concepts  invertibility of MA processes, tests for serial correlation, detrending, model selection

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Handout 8: VARs and the recursive identification scheme

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Handout 9: Some more identification schemes for VARs — direct solution of the identification matrix with ad hoc restriction, long-run restrictions, sign restrictions

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Handout 10: Method of Moments

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Handout 11: Maximum likelihood estimation of a DSGE model  the Kalman filter

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Handout 12: Bayesian estimation of a DSGE model

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