We will review a few fresh ideas that are being currently developed that partly respond to the magnitude of the current recession. Among the topics to be covered, the following stand out. First, we will review theoretical models of housing markets capable of inducing large price swings. Secondly, we will discuss models of financial (borrowing and lending) frictions and their effects on business cycles. Thirdly, we will analyze how asset price changes can be used to better understand the nature of some recessions and whether such recessions can produce losers, but also winners due to price readjustments. Finally, we will examine models where demand shocks show up as productivity shocks which therefore  leave open the possibility that government induced stimulus packages are Pareto improving and thus desirable.

Professor of Economics, University of Minnesota. Ph.D. in Economics, University of Minnesota (1990). Professor Rios Rull’s areas of expertise include Macroeconomics and Labor. He has published his work in the most prestigious journal in economics, including Econometrica, Amercian Economic Review, Journal of Political Economy, International Economic Review, Review of Economic Studies, among others. He is currently a co-editor of Quantitative Economics.

 

June 16 and 17: 16:00-19:00, and June 18: 10:00-13:00

Universidad Carlos III de Madrid (Getafe Campus)

Calle Madrid, 126
June 16 and 17: Building 15, Room 15.1.03 (Map)
June 18: Building 9, Room 9.1.6
 

500 Euros*

 

*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 euros. Course attendees need to arrange and pay for their own lodging. Students may apply for scholarships by sending an application letter documenting the merits of their request to the Director of  SSECO, Juan J. Dolado at instituto.economia@uc3m.es, indicating as subject “SSECO-scholarship”. Application will be accepted a week before the course start if space available.

We will review a few fresh ideas that are being currently developed that partly respond to the magnitude of the current recession. Among the topics to be covered, the following stand out. First, we will review theoretical models of housing markets capable of inducing large price swings. Secondly, we will discuss models of financial (borrowing and lending) frictions and their effects on business cycles. Thirdly, we will analyze how asset price changes can be used to better understand the nature of some recessions and whether such recessions can produce losers, but also winners due to price readjustments. Finally, we will examine models where demand shocks show up as productivity shocks which therefore  leave open the possibility that government induced stimulus packages are Pareto improving and thus desirable.

Professor of Economics, University of Minnesota. Ph.D. in Economics, University of Minnesota (1990). Professor Rios Rull’s areas of expertise include Macroeconomics and Labor. He has published his work in the most prestigious journal in economics, including Econometrica, Amercian Economic Review, Journal of Political Economy, International Economic Review, Review of Economic Studies, among others. He is currently a co-editor of Quantitative Economics.

 

June 16 and 17: 16:00-19:00, and June 18: 10:00-13:00

Universidad Carlos III de Madrid (Getafe Campus)

Calle Madrid, 126
June 16 and 17: Building 15, Room 15.1.03 (Map)
June 18: Building 9, Room 9.1.6
 

500 Euros*

 

*Fee covers the course and accompanying materials. The registration fee for students currently enrolled in a Ph.D. program is reduced to 300 euros. Course attendees need to arrange and pay for their own lodging. Students may apply for scholarships by sending an application letter documenting the merits of their request to the Director of  SSECO, Juan J. Dolado at instituto.economia@uc3m.es, indicating as subject “SSECO-scholarship”. Application will be accepted a week before the course start if space available.