21201562 ADVANCED ECONOMIC POLICY in Labour Market, Industrial Relations and Welfare Systems LM-56 N0 GIULI FRANCESCO
(syllabus)
- Stylized Facts of the Business Cycle. Basic concepts and definitions
- Business cycle theories from Keynes to Monetarism
- Traditional keynesian stabilization policies and rule-based policies
- The Lucas' island model and the role of expectations
- The Real Business cycle theory and the money neutrality
- The New Keynesian approach: the demand side and the monetary policy
- Simulation of Dynamic Stochastic General Equilibrium (DSGE) models using Dynare for Matlab
(reference books)
Enrico Marchetti “Teorie del ciclo economico. Il dibattito moderno su instabilità e equilibrio”, Esculapio, 2009. Additional teaching material will be provided.
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