Welcome to AECO 803, a Ph.D. topics course that I’m calling “Quantitative Macro-Labor.” This page (as well as the Blackboard page) will host course content. In addition to posting PDFs of the course material, I will make (to the extent possible) LaTeX code and programs available when used in class. I find that exploring code that others have used is far more helpful than most tutorials. Some material I cannot make available online. If this is the case, please email me.

Syllabus: link (tex)

Cluster Access: (link)

Homework:

Homework 1: Solve McCall model (link,tex)

Homework 2: Solve DMP model (link,tex)

Projects:

Introduction/Research Proposal: Write the “introduction” to a paper on a macro-labor question in which you are interested. Here is some advice that I have aggregated from others: link, tex

Slides:

Lecture 1: Introduction (link,tex)

Lecture 2: Income Processes (link,tex)

Lecture 3: Panel Data and Empirical Regularities (link,tex)

Lecture 4: Introduction to Frictional Labor Markets: The McCall Model (link,tex)

Lecture 5: Comparative Statics and Measuring Wage Dispersion in Frictional Models: The McCall Model (link,tex)

Lecture 6: On-the-Job Search in Partial Equilibrium Models (link,tex)

Lecture 7: Wage-Tenure Contracts (Burdett and Coles, 2003) (link,tex)

Lecture 8: Sequential Auctions (Postel-Vinay and Robin, 2002) (link,tex)

Lecture 9: The DMP Model (link,tex)

Lecture 10: Endogenous Separations (link,tex)

Lecture 11: Efficiency and the Hosios Condition (link,tex)

Lecture 12: Directed Search (link,tex)

Lecture 13: The Block Recursive Equilibrium (link,tex)

Lecture 14: Local Numerical Solution Techniques (link,tex)

Lecture 14: (Supplement A): Linearizing Hansen (1985)

Lecture 14: (Supplement B): Solving Hansen (1985)

Lecture 15: Global Numerical Solution Techniques (link,tex)

Lecture 16: The Income Fluctuation Problem (link,tex)

Lecture 17: Heterogeneous Agent Models (link,tex)

Lecture 18: Solving Heterogeneous Agent Models I (link,tex)

Lecture 19: Heterogeneous Agent Models II (link,tex)

Lecture 20: Matching Models with Heterogeneity I (link,tex)

Lecture 21: Matching Models with Heterogeneity II (link,tex)

Lecture 22: DSGE Estimation

Presentations TBD.

Programs (I’ll update these as I clean them):

Access the shared folders on the campus cluster or see me/email me directly.

Here are some other great resources for class materials:

Gianluca Violante’s course on quantitative macroeconomics: link

Jesus Fernandez-Villaverde’s slides on computational techniques: link

Makoto Nakajima’s notes on solution techniques: link

Daron Acemoglu and David Autor lectures on labor economics: link

Chris Tonetti’s write-up on income processes: link

Useful review of linearization: link

Here are other useful resources for programming or data:

Tom Sargent and John Stachurski’s website on dynamic macroeconomics in Python and Julia: link

Anaconda Python: link

CEPR SIPP webpage: link

IPUMs CPS webpage: link

Anthony Damico’s website on survey data: link

SIPP FTP and data definitions: link

And other fun material:

Inspirational Teddy Roosevelt Quotes: link