Stylized Facts (Empirical Regularities): Models strive to produce the following facts:

• Stylized Facts (Slides in PDF format).
• Manuel Walti (2002) Class Notes on Stylized Facts. Department of Applied Economics, Institute of Economics, University of Bern.

Markov Chains

• Andrew Lyasoff. Markov Chains - a Quick Introduction. Dept. of Mathematics, Boston University.

Real Business Cycle

• King, Robert G. Plosser, Charles I. and Rebelo, Sergio T. (2000) “Resuscitating Real Business Cycles.” Handbook of Macroeconomics.
• Kydland, F. and Prescott, E. (1982) “Time to Build and Aggregate Fluctuations.” Econometrica, vol. 50, pp. 1345-1370.
• McGrattan, E. (1994) “A Progress Report on Business Cycle Models.” Federal Reserve Bank of Minneapolis, Quarterly Review, vol. 18, no. 4.
• Plosser, C. (1989) “Understanding real Business Cycles.” Journal of Economic Perspectives, vol. 3, pp. 51-77.
• Prescott, Edward. (1991) “Real Business Cycle Theories: What Have we Learned?” Working Paper 486, Federal Reserve of Minneapolis.

• Prescott, Edward. (1986) “Theory Ahead of Business Cycle Measurement.” Minneapolis Quarterly Review, pp. 9-22.
• Joseph A. Ritter (1995) An outsider's guide to real business cycle modeling Federal Reserve Bank of St. Louis Review,  March-April.
• Stadler, George W. (1994) “Real Business Cycles.” Journal of Economic Literature, vol. XXXII, December, pp. 1750-1783.

Dynamic Programming

• Dirk Krueger (2002) Macroeconomic Theory Chapters 4 and 5, Stanford University.
• Boileau, Martin. (2000) “A Child’s Guide to Dynamic Programming – Two Period Economies – Optimal Control Theory.” Lecture Notes, Colorado University.

Solving

• Javier Diaz-Gimenez (1998) Linear Quadratic Approximations: An Introduction Universidad Carlos III de Madrid.
• Burkhard Heer and Alfred Maussner (2004) Computation of Business Cycle Models: A Comparison of Numerical Methods University of Bamberg and University of Augsburg.
• O. Mikhail (2002) Real Business Cycle - Class Notes.
• Harald Uhlig (1997) A Toolkit for Analyzing Nonlinear Stochastic Models Easily University of Tilburg.

Computation Comparison

• Heer, Burkhard and Alfred Maussner (2004) Computation of Business Cycle Models: A Comparison of Numerical Methods, CESifo Working Paper No. 1207, June.

Asset pricing

• Lucas' Tree Model.
• Equity Premium.

Complete and Incomplete Markets

• Ljungqvist and Sargent (Chapters 7, 13 and 14)

Assignments / Exams

• Your grade is posted on the CBA web page.
• Download the Final Exam.
• Download the Mid-Term Exam.
• Practice Questions for the Mid-Term Exam.
• Due on 10/12/04
  • Matlab program for the stochastic dynamic programming problem handed in class - using iteration on the value function.
• Due on 08/31/04:
  • Finn E. Kydland and Edward Prescott (1982) "Time to build and aggregate fluctuations." Econometrica 50(6), 1345-1369.

MATLAB CODE for CLASS

• Source Code Repositories.
• MATLAB CODE FOR LJUNGQVIST and SARGENT
• GAUSS: Download the GAUSS Code on "how to iterate on the Bellman Equation?" and the output of the Code  
• MATLAB: Download the Linear Quadratic Matlab Program lqproblem.m and the function olrp.m
• MATLAB: Download the code to simulate the time series from a Stochastic Dynamic Linear System (SDLS) impulse.m
• FORTRAN: Download the routine for the Hodrick-Prescott filter hpfilter.f , the random number generator random.f and the program prog.f on how to use them.
• On the server: Cleopatra.bus.ucf.edu: The Matlab code is available at /home/public/

Miscellaneous/Macro

• Basics on Real Business Cycle Modeling

  • Manuel Waelti - Class Notes - University of Bern.
• Computational Modeling
  • Marimon, Ramon and Andrew Scott (2001) Computational Methods for the Study of Dynamic Economies. Oxford University Press. ISBN: 0-19-924827-3
  • John H. Miller 
  • Computational Modeling and Complexity
• Functional Forms
  • Quick Reference Guide to Common Functional Forms. Prof. Peter J. Wilcoxen, Dept. of Economics, University of Texas at Austin.

Miscellaneous/Computer/Linux/Sessions/Matlab/Fortran 77

• Source Code Repositories. 
• Fortran 77 Code to Solve Ordinary Differential Equations.
• FORTRAN 77 and MATLAB sessions held every Tuesday at 2:00 p.m. at the McGruder LAb, CBA.
• FORTRAN 77 Session: Scheduled on Tuesday, September 24, 2002. 
• FORTRAN 77 Session: to be scheduled.
• MATLAB SESSION: McGruder Lab, CBA building, Wednesday, August 28, from 1-2 pm. 
• Due to classroom reservations, the MATLAB session is not confirmed for Monday.  Probably, the session will be held on Wednesday.  I will inform you of the location as soon as I am aware of it. 
• Download the SSH (Secure Shell Client) to connect to your account on cleopatra.bus.ucf.edu
• Register for the MATLAB introduction Session. The session will be held one week prior to the start of the class. Email me to register.
• Follow the Macro-Finance Seminar at The Rodney L. White Center, The Wharton School, Univ. of Pennsylvania, Dept. of Finance.

MATLAB GUIDE

• MATLAB Manual from Mathworks.
• MATLAB Codes from Mathworks.
• An interactive An Introductory Guide to MATLAB by Dr. Ian Cavers, Department of Computer Science, University of British Columbia.
• Matlab Guide by Kurt Schmidheiny at the Universitat Bern. 

• A Practical Introduction to Matlab by Mark S. Gockenbach at the Department of Mathematical Sciences, Michigan Technological University. 

FORTRAN 77

• Fortran 77 Code to Solve Ordinary Differential Equations.

• Professional Programmer's Guide to Fortran77 Link Submitted by Manish Tewari.

• Fortran 77 Resources.

• Manual f77. <----  Download the Manual

• The Fortran Company.

• Stat-Lib Fortran Statistics Code.

• IMSL - Fortran Numerical Library from Visual Numerics.

Introduction to LINUX

• What is Linux?

• The Linux Operating System: Debian GNU/Linux by James G. MacKinnon, Dept. of Economics, Queen's University.

• Linux Online.

YOUR GRADE IS POSTED

GO to the CBA web site, click on SUPPORT, then click on CHECK GRADES ONLINE,

The PASSWORD is eco7205.

OR just click on the following link and enter your login and the password: 
http://www.bus.ucf.edu/cbagrades

Login using your Student number and check your grade. Again, the password is eco7205.

Note that if you have recently used the system to check your other classes, then your account will be updated within 48 hours, i.e., PLEASE GIVE IT SOME TIME TO UPDATE.

Since August 2004, this page has been visited times

Last Updated Monday, February 23, 2009 01:57:22 PM