Advanced Macroeconomics:
Financial Frictions and Unconventional Monetary Policy

Econ 70428
Spring 2021

Syllabus: pdf

Lecture Slides:
  1. Introduction: pdf
  2. Quadrini (2011): pdf
  3. Bernanke and Gertler (1989): pdf
  4. Carlstrom and Fuerst (1997): pdf
  5. Bernanke, Gertler, and Gilchrist: pdf
  6. Christiano, Motto, and Rostagno (2014) and Carlstrom, Fuerst, and Paustian (2016): pdf 
  7. Kiyotaki and Moore (1997): pdf
  8. Iacoviello (2005): pdf
  9. Jermann and Quadrini: pdf 
  10. Term premium: pdf
  11. Carlstrom, Fuerst, and Paustian (2017): pdf 
  12. Sims and Wu (2021): pdf
  13. Sims, Wu, and Zhang (2021): pdf

More Detailed Notes:
  1. Log-normal distribution: pdf
  2. Carlstrom and Fuerst (1997): pdf 
  3. Bernanke, Gertler, and Gilchrist (1999): pdf
  4. Kiyotaki and Moore (1997): pdf
  5. Iacoviello (2005): pdf 
  6. Jermann and Quadrini: pdf
  7. Rudebusch and Swanson: pdf
  8. Carlstrom, Fuerst, and Paustian (2017): pdf
  9. Sims and Wu (2021): pdf