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Lecture Notes

Part I - Prof. Guido Lorenzoni

SES # TOPICS SLIDES
1. Information and business cycles
1-2 News about the future and fluctuations (This resource may not render correctly in a screen reader.PDF)
3-6 Dispersed information (This resource may not render correctly in a screen reader.PDF)
7-8 Estimating models with imperfect information  
2. Financial frictions and investment
9-10 Models with limited pledgeability (This resource may not render correctly in a screen reader.PDF)
11-12 Models with corporate control problems (This resource may not render correctly in a screen reader.PDF)
13 Models with intermediation and securitization  

Part II - Prof. Veronica Guerrieri

SES # TOPICS NOTES
3. Search models of decentralized trade with imperfect information
14-18 Labor market search and efficiency (This resource may not render correctly in a screen reader.PDF)
19 Wage dispersion (This resource may not render correctly in a screen reader.PDF)
20 Moral hazard and optimal unemployment insurance (This resource may not render correctly in a screen reader.PDF)
21-23 Money search and liquidity

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24 Adverse selection and lemons problem (This resource may not render correctly in a screen reader.PDF) (Courtesy of Veronica Guerrieri, Robert Shimer, and Randall Wright. Used with permission.)
25-26 Decentralized trading in financial markets (This resource may not render correctly in a screen reader.PDF)