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This course teaches how to use key concepts and techniques, which are employed in modern macroeconomic analysis. Throughout the course, special emphasis is put on the fact that economic theory can be used as a lens to analyze data. The analysis of linear dynamic models will be done with DYNARE (http://www.dynare.org), which is easy to handle. In addition, we will develop the underlying method. We will also compare the dynamic consequences of economic shocks in a macroeconomic model with their empirical counterpart. The piece of economic theory that is often used to identify empirical technology shocks comes from growth theory. It is therefore natural to conclude the course with an introduction to that theory. |
