Benjamin Moll

Lecture notes and other presentation slides

2018

Distributional Macroeconomics
Asian Meeting of the Econometric Society

Mini-Course “Heterogeneous Agent Models in Continuous Time”
University of Chicago/Penn/UCLA/Bonn/Rochester

Lecture 1

Lecture 2

Website with codes for numerical solution: models without aggregate shocks

Website with codes for numerical solution: models with aggregate shocks

Nice supplementary notes on continuous-time methods by Pontus Rendahl: Lecture 1, Lecture 2, Code

Distributional Macroeconomics
Harvard
2nd Year PhD

Syllabus

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

Inequality and Macroeconomics
European Investment Bank, Luxemburg, 2017

Mean Field Games in Economics
Gran Sasso Science Institute, 2017

2016

Advanced Macroeconomics I
“Income and Wealth Distribution in Macroeconomics”

Princeton, 2016
2nd Year PhD

Syllabus

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

Syllabus

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

Syllabus

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”

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