Benjamin Moll
Lecture notes and other presentation slides
2024
2023
Intermediate Macroeconomics
London School of Economics, 2023
2nd Year Undergraduates
Link to .zip file with all .tex files and figure files (may need to right-click to download)
Lecture 1: Overview, Labor Demand and Supply
Supplement to Lecture 1
Lecture 2: A Simple Macro Model, Equilibrium & Welfare Theorems
Supplement to Lecture 2
Lecture 3: The West without Russian Gas
Supplement to Lecture 3
Lecture 4: Consumption, Saving, Interest Rates
Lecture 5: Investment and Capital Accumulation
Supplement to Lecture 5
Lecture 6: Business Cycles, Real Business Cycle Model
Lecture 7: New Keynesian Model
Supplement to Lecture 7
Lecture 8: Policy in the New Keynesian Model
Supplement to Lecture 8
Lecture 9: The Financial Crisis, Asset Bubbles
Supplement to Lecture 9: Asset Bubbles
Supplement to Lecture 9: Financial Frictions and Amplification
Lecture 10: Unemployment, Inequality in Macro
Supplement to Lecture 10
Lecture 11: Exam Review
2022
2021
2020
Supplement: Behavioral SIR Models.
The HANK literature in one slide (likely outdated and not exhaustive)
2019
2018
Asian Meeting of the Econometric Society
Mini-Course “Heterogeneous Agent Models in Continuous Time”
University of Chicago/Penn/UCLA/Bonn/Rochester
Website with codes for numerical solution: models without aggregate shocks
Website with codes for numerical solution: models with aggregate shocks
Nice lecture notes on continuous-time methods by Guido Lorenzoni
Nice lecture notes on continuous-time methods by Pontus Rendahl: Lecture 1, Lecture 2, Code
Distributional Macroeconomics
Harvard
2nd Year PhD
Lecture 1: Background and Overview, Hamiltonians and Phase Diagrams
Lecture 2: Key Facts on Income and Wealth Distribution
Lecture 3: Hamilton-Jacobi-Bellman Equations
Supplement to Lecture 3: Viscosity Solutions for Dummies (including Economists)
Lecture 4: Diffusion Processes, Stochastic HJB Equations and Kolmogorov Forward Equations
Lectures 5 and 6: Theories of Top Inequality, Distributional Dynamics and Differential Operators
Supplement to Lectures 5 and 6: Spectral Approach to Distributional Dynamics (discussion of Alvarez-Lippi)
Lectures 7 and 8: The Workhorse Model of Income and Wealth Distribution in Macroeconomics
Lecture 9: HANK — Heterogeneous Agent New Keynesian Models
Lecture 10: Firm Heterogeneity, Distribution and Dynamics; Stopping Time Problems
Lecture 11: Good Research Topics and Open Questions
2017
2016
Advanced Macroeconomics I
“Income and Wealth Distribution in Macroeconomics”
Princeton, 2016
2nd Year PhD
Lecture 1: Overview, Hamiltonians and Phase Diagrams
Lecture 2: New Keynesian Model in Continuous Time
Lecture 3: Hamilton-Jacobi-Bellman Equations
Supplement to Lecture 3: Viscosity Solutions for Dummies (including Economists)
Lecture 4: Diffusion Processes, Stochastic HJB Equations and Kolmogorov Forward Equations
Lecture 5: Key Facts on Income and Wealth Distribution
Lectures 6 and 7: Theories of Top Inequality, Distributional Dynamics and Differential Operators
Lecture 8: The Workhorse Model of Income and Wealth Distribution in Macroeconomics
Lecture 9: Efficient Computation of Heterogeneous Agent Models with Aggregate Shocks
Lecture 10: Macroeconomics and Household Heterogeneity (Dirk Krueger guest lecture)
Lecture 11: HANK — Heterogeneous Agent New Keynesian Models
Lecture 12: Estimation of Heterogeneous Agent Models
2014
Macroeconomic Theory I
Princeton, 2014
1st Year PhD
Lecture 1: Preliminaries
Lecture 2: Growth Model, Dynamic Optimization in Discrete Time
Lecture 3: Growth Model, Dynamic Optimization in Continuous Time (Hamiltonians)
Lecture 4: Analysis of Optimal Trajectories, Transition Dynamics in Growth Model
Lecture 5: Competitive Equilibrium in the Growth Model
Lecture 6: Competitive Equilibrium in the Growth Model (II)
Lecture 7: The Growth Model and the Data
Lecture 8: Policy Analysis in the Growth Model (Capital Taxation)
Lecture 9: Adding Growth to the Growth Model
Lecture 10: Endogenous Growth
Lectures 11 and 12: Income and Wealth Distribution in the Growth Model
Lecture 13: Review Session, New Keynesian Model
2012
Macroeconomic Theory I
Princeton, 2012
2nd Year PhD
Lecture 1: Overview, Hamiltonians and Phase Diagrams
Lecture 2: New Keynesian Model in Continuous Time
Lecture 3: Werning (2012) “Managing a Liquidity Trap”
Lecture 4: Hamilton-Jacobi-Bellman Equations, Stochastic Differential Equations
Lecture 5: Stochastic HJB Equations, Kolmogorov Forward Equations
Lecture 6: Income and Wealth Distribution
Supplement: Why Piketty Says r-g Matters for Inequality
Lecture 7: Stopping Time Problems, Firm Size Distribution
Lecture 8: Gabaix (2011) “Granular Origins”, More on Heterogeneous Firms
Lecture 9: Lucas and Moll (2012), “Knowledge Growth and the Allocation of Time”, More on Endogenous Growth
Lecture 10: Alvarez and Shimer (2011), “Search and Rest Unemployment”