14.453 Economic Fluctuations
Investigation of why aggregate economic activity fluctuates, and the role of policy in affecting fluctuations. Topics include the link between monetary policy and output, the economic cost of aggregate fluctuations, the costs and benefits of price stability, and the role of central banks. Introduction to real business cycle and new Keynesian models. Enrollment limited.
This class has 14.452 as a prerequisite.
14.453 will not be offered this semester. It will be available in the Spring semester, and will be instructed by I. Werning.
Lecture occurs 9:00 AM to 10:30 AM on Tuesdays and Thursdays in E51-395.
This class counts for a total of 6 credits.
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