Prof. Guido Lorenzoni
Prof. Olivier Blanchard
Professor Blanchard will discuss shocks, labor markets and unemployment, and dynamic stochastic general equilibrium models (DSGE models). Professor Lorenzoni will cover demand shocks, macroeconomic effects of news (with or without nominal rigidities), investment with credit constraints, and liquidity with its aggregate effects.
OCW has published multiple versions of this subject.
Lorenzoni, Guido, and Olivier Blanchard. 14.462 Advanced Macroeconomics II, Spring 2007. (MIT OpenCourseWare: Massachusetts Institute of Technology), http://ocw.mit.edu/courses/economics/14-462-advanced-macroeconomics-ii-spring-2007 (Accessed). License: Creative Commons BY-NC-SA