The National Centre for Econometric Research (NCER) will hold a short course entitled, "New Keynesian Macroeconomics" at QUT, Thursday 3 March to Monday 21 March, 2011. If you are interested in attending, please contact the Administration Coordinator.
The lectures will be held in Rooms S405, Z413 and O520, Gardens Point Campus, QUT.
Course Convener
Junior Professor Philipp Engler, Freie Universität Berlin
Course Overview
Modern macroeconomic theory has evolved a lot during the last twenty years. The mainstream class of models that resulted from this research combines key aspects of the real business cycle literature and Keynesian elements like price stickiness and is commonly labelled as “New Keynesian”, “Dynamic Stochastic General Equilibrium” or “New Neoclassical Synthesis”. This course provides an introduction to this class of models and some applications like analyses of monetary policy shocks and the role of endogenous reactions of interest rates to productivity, cost-push and other shocks under a Taylor rule.
Preliminary Outline
| Topic |
|---|
| Session 1 - Introduction |
| Session 2 - Background: Neoclassical growth and business cycle theory |
| Session 3 - The New Keynesian model |
| 3.1 - Background: Why re-introduce Keynesian elements? |
| 3.2 - Households |
| 3.3 - Firms |
| 3.4 - Monetary Policy |
| 3.5 - Equilibrium |
| 3.6 - Simulations |
| Session 4 - Extensions and Further Topics |
| Date | Time | Room |
|---|---|---|
| 3 March | 14:00 - 16:00 | S405 |
| 4 March | 9:00 - 11:00 | S405 |
| 7 March | 14:00 - 16:00 | S405 |
| 10 March | 16:00 - 18:00 | Z413 |
| 11 March | 9:00 - 11:00 | Z413 |
| 14 March | 14:00 - 16:00 | Z413 |
| 17 March | 14:00 - 16:00 | Z413 |
| 21 March | 16:00 - 18:00 | O520 |
Enquiries and Registration
For further details please contact the NCER Administration Coordinator:
Angela Fletcher
Queensland University of Technology
Email: a.fletcher@qut.edu.au