Dynamic Linear Economies¶

Lectures¶

• Recursive Models of Dynamic Linear Economies
  • A Suite of Models
  • Econometrics
  • Dynamic Demand Curves and Canonical Household Technologies
  • Gorman Aggregation and Engel Curves
  • Partial Equilibrium
  • Equilibrium Investment Under Uncertainty
  • A Rosen-Topel Housing Model
  • Cattle Cycles
  • Models of Occupational Choice and Pay
  • Permanent Income Models
  • Gorman Heterogeneous Households
  • Non-Gorman Heterogeneous Households
• Growth in Dynamic Linear Economies
  • Common Structure
  • A Planning Problem
  • Example Economies
• Lucas Asset Pricing Using DLE
  • Asset Pricing Equations
  • Asset Pricing Simulations
• IRFs in Hall Models
  • Example 1: Hall (1978)
  • Example 2: Higher Adjustment Costs
  • Example 3: Durable Consumption Goods
• Permanent Income Model using the DLE Class
  • The Permanent Income Model
• Rosen Schooling Model
  • A One-Occupation Model
  • Mapping into HS2013 Framework
• Cattle Cycles
  • The Model
  • Mapping into HS2013 Framework
• Shock Non Invertibility
  • Overview
  • Model
  • Code