Advanced Macroeconomic Techniques
316-406, honours/masters/PhD, University of Melbourne, Semester 2, 2004
This material is no longer actively maintained. Notes and programs may contain typos or more serious mistakes. Use at your own risk.
Note 1a: Solow model
Note 1b: Linear differential and difference
equations
Note 1c: Linearizations
Note 2a: Optimal growth model
Note 2b: Systems of difference equations
Note 3a: Dynamic programming and the growth
model
Note 4a: Stochastic difference equations
Note 4b: Markov chains
Note 4c: Computations and simulations for
Markov chains
Note 5a: Stochastic growth model
Note 5b: Stochastic dynamic programming
Note 5c: Numerical dynamic programming
Note 6a: Consumption-based asset pricing
Note 6b: Equity premium puzzle
Note 7a: Incomplete markets
Note 7b: Aiyagari’s model
Matlab introduction
Markov Simulations
Markov Chain Example
Stochastic GDP Growth
Example
Uhlig’s solve.m
Uhlig’s options.m
Dynamic Programming Example
Problem Set ‘Zero’: Solutions, Matlab Code
Problem Set #1: Solutions, Matlab Code
Problem Set #2: Solutions, Matlab Code
Problem Set #3: Solutions, Matlab Code
Problem Set #4: Solutions, Matlab Code
Problem Set #5
Midsemester Exam Sample
Questions
Midsemester Exam: Solutions