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Constitution Avenue entrance of the Federal Reserve, Washington, DC. (Image courtesy of J. D. Welch.)
Prof. Olivier Blanchard
14.452
Spring 2007
Graduate
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. Topics include the basic model or the consumption/saving choice, the RBC model or the labor/leisure choice, non-trivial investment decisions, two-good analysis, money, price setting, the "new Keynesian" model, monetary policy, and fiscal policy.
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