Advanced Macroeconomics II (first half)


Spring 2012 (3d term 2011/12)


Thijs van Rens


Barcelona Graduate School of Economics

UPF Graduate Program in Economics, Finance and Management



Syllabus (with links to the readings)


The second half of this course (from May 14 onwards) is taught by Jordi Gali and will follow his book.



Office hours:


Tuesday afternoon, by email appointment (



Problem sets:


Problem set 1 – posted: Tue April 10, due: Mon April 16 at 9am


Problem set 2 - posted: Tue April 17, due: Tue April 24 at 9am


Problem set 3 – posted: Fri April 27, due: Fri May 4 at 11am


Problem set 4 – posted: Tue May 8, due: Mon May 14 at 9am



Supplementary lecture notes:


Slides on business cycles: data and facts


Dynare codes for solving the RBC model in Matlab


Mismatch: empirical evidence, Herz and van Rens





The midterm will take place on Thursday May 17 from 11 to 13:00h in room 20.049.


Last year’s exam


Official grading guidelines



Background reading:


Paul Krugman on Economics in the Crisis


Ricardo Caballero on the Pretense-of-Knowledge Syndrome


Robert Solow, Sidney Winter, Scott Page, David Colander and V.V. Chari on Building a Science of Economics for the Real World


Olivier Blanchard on The State of Macro


Narayana Kocherlakota. Some Thoughts on the State of Macro


Paul Krugman. How Did Economists Get It So Wrong? NY Times Magazine, September 6, 2009


Letters replying to the article


Mulligan, Casey B. (2009). Is Macroeconomics Off Track?, The Economists' Voice: Vol. 6 : Iss. 10, Article 6


Da Silva, Sergio (2010). Comment on Casey Mulligan: Keynes in Both Fresh and Salt Water, The Economists' Voice: Vol. 7 : Iss. 2, Article 1


Barbera, Robert J. (2010). If It Were a Fight, They Would Have Stopped It in December of 2008, The Economists' Voice: Vol. 7 : Iss. 2, Article 3


Mulligan, Casey B. (2010). Comment on Barbera: Your Gift Will Make You Rich, The Economists' Voice: Vol. 7 : Iss. 2, Article 4



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