Course Description
This half-semester, 13-week course provides a fast-paced description of the canonical macroeconomic models of financial frictions and crises. We will cover various topics, including (i) financial amplification mechanisms; (ii) financial intermediation and credit crunches; (iii) coordination failures and bank runs; (iv) …
This half-semester, 13-week course provides a fast-paced description of the canonical macroeconomic models of financial frictions and crises. We will cover various topics, including (i) financial amplification mechanisms; (ii) financial intermediation and credit crunches; (iii) coordination failures and bank runs; (iv) speculative bubbles and credit booms; (v) liquidity traps and deleveraging; and (vi) sudden stops and financial contagion.
Course Info
Instructor
Departments
Learning Resource Types
notes
Lecture Notes
assignment_turned_in
Problem Set Solutions
assignment
Problem Sets
auto_stories
Readings
A person holds cut-up credit cards in their hands. Credit crunch is covered in lecture 3. (Image by Fotero on Flickr. License: CC BY-NC).
