| dc.contributor.author | Blanchard, Olivier (Olivier J.) | en_US |
| dc.coverage.temporal | Spring 2005 | en_US |
| dc.date.issued | 2005-06 | |
| dc.identifier | 14.452-Spring2005 | |
| dc.identifier | local: 14.452 | |
| dc.identifier | local: IMSCP-MD5-9f184ad4ab657701bd7b57d0e3389b1e | |
| dc.identifier.uri | http://hdl.handle.net/1721.1/41869 | |
| dc.description.abstract | The basic machines of macroeconomics. Ramsey, Solow, Samuelson-Diamond, RBCs, ISLM, Mundell-Fleming, Fischer-Taylor. How they work, what shortcuts they take, and how they can be used. Half-term subject. From the course home page: Course Description This is the second course in the four-quarter graduate sequence in macroeconomics. Its purpose is to introduce the basic models macroeconomists use to study fluctuations. The course is organized around nine topics/sections: Fluctuations and Facts; The basic model: the consumption/saving choice; Allowing for a labor/leisure choice (the RBC model); Allowing for non trivial investment decisions; Allowing for two goods; Introducing money; Introducing price setting; Introducing staggering of price decisions; and Applications to fiscal and monetary policy. | en_US |
| dc.language | en-US | en_US |
| dc.relation | | en_US |
| dc.relation | | en_US |
| dc.relation | | en_US |
| dc.rights.uri | Usage Restrictions: This site (c) Massachusetts Institute of Technology 2003. Content within individual courses is (c) by the individual authors unless otherwise noted. The Massachusetts Institute of Technology is providing this Work (as defined below) under the terms of this Creative Commons public license ("CCPL" or "license"). The Work is protected by copyright and/or other applicable law. Any use of the work other than as authorized under this license is prohibited. By exercising any of the rights to the Work provided here, You (as defined below) accept and agree to be bound by the terms of this license. The Licensor, the Massachusetts Institute of Technology, grants You the rights contained here in consideration of Your acceptance of such terms and conditions. | en_US |
| dc.subject | Economics | en_US |
| dc.subject | macroeconomics | en_US |
| dc.subject | fluctuations | en_US |
| dc.subject | consumption | en_US |
| dc.subject | saving | en_US |
| dc.subject | choice | en_US |
| dc.subject | labor | en_US |
| dc.subject | leisure | en_US |
| dc.subject | RBC model | en_US |
| dc.subject | non trivial investment decisions | en_US |
| dc.subject | money | en_US |
| dc.subject | price setting | en_US |
| dc.subject | staggering price decisions | en_US |
| dc.subject | fiscal policy | en_US |
| dc.subject | monetary policy | en_US |
| dc.subject | Macroeconomics | en_US |
| dc.title | 14.452 Macroeconomic Theory II, Spring 2005 | en_US |
| dc.title.alternative | Macroeconomic Theory II | en_US |
