Lecture Plan of Kaiji Chen
October 2nd. 10:15 AM-12:00PM
Business Cycle Model with Divisible Labor Supply
- Li (1999)
- Acemoglu Chapter 17.3
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Hansen and Wright (1992)
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Krusell 6.2
October 2nd, 2:15 PM- 4:00 PM
Business Cycle Model with Indivisible Labor Supply
- Krueger-QM Chapter 9
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A Full Blown Model with Indivisible Labor
- Hansen and Wright (1992)
- Chang and Kim (2005)
October 4th, 10:15AM-12:00 PM
The Great Depression from a Neoclassical Perspective
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Cole and Ohanian (1999)
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Kehoe and Prescott (2002)
Reference
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Yongsung Chang and Sun-Bin Kim. On the aggregate labor supply. Federal
Reserve Bank of Richmond Economic Quarterly, pages 21{37, Winter 2005
a neoclassical perspective. Federal Reserve Bank of Minneapolis, Quarterly
Review, 23(1):2{23, 1999
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Gary Hansen and Randy Wright. The labor market in business cycle theory.
Federal Reserve Bank of Minneapolis, Quarterly Review, 16(2):1{12, 1992.
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Timothy Kehoe and Edward Prescott. Great depressions of the twentieth cen-
tury. Review of Economic Dynamics, 5:1{18, 2002.
-
Victor E. Li. Can market-clearing models explain U.S. labor market °uctua-
tions? Federal Reserve Bank of St. Louis Review, pages 35{49, July 1999.
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