Advanced Macroeconomics I, Economics 521, Princeton University
Lecture 1: Overview, Hamiltonians and Phase Diagrams
Lecture 2: New Keynesian Model in Continuous Time
Lecture 3: Werning (2012) "Managing a Liquidity Trap"
Lecture 4: Hamilton-Jacobi-Bellman Equations, Stochastic Differential Equations
Lecture 5: Stochastic HJB Equations, Kolmogorov Forward Equations
Lecture 6: Income and Wealth Distribution
Lecture 7: Stopping Time Problems, Firm Size Distribution
Lecture 8: Gabaix (2011) "Granular Origins", More on Heterogeneous Firms
Lecture 9: Lucas and Moll (2012), "Knowledge Growth and the Allocation of Time", More on Endogenous Growth
Lecture 10: Alvarez and Shimer (2011), "Search and Rest Unemployment"
MATLAB Codes: HJB.m
Documentation for HJB_implicit.m
Part of these lecture notes are based on notes and/or presentation slides from Fernando Alvarez, Jess Benhabib, Xavier Gabaix, Esteban Rossi-Hansberg, and Ivan Werning. Thanks to these people.