Professor Valerie Ramey

Spring 2019

## Notes on Phillips Curve Illustration

## Estimating Causal Relationships in Macroeconomics

Stata program that runs regression, IV, and VAR

Excel data file used by Stata program

Understanding VAR estimation step-by-step

Jorda local projections for tax shocks

Data file used by varbp.do and jordatax.do

## Stata program that estimates fiscal systems

Data file used by fiscalvar.do

## Presentation on Dynare

Basic RBC Dynare Program

Government Purchases Dynare Program

We worked through the neoclassical theory of fiscal effects and modified the RBC model to include government spending.

## We discussed the New Keynesian approach to fiscal, covering part of Woodford (2011).

## We finished Woodford (2011).

## Lecture Notes on Gali, Lopez-Salido, Valles

## Explorations with fiscal dynare programs. Government Purchases Dynare Program

## Presentation on "Estimating the Aggregate Effects of Government Spending: The Importance of Anticipations"

Presentation on Auerbach-Gorodnichenko state dependence

Presentation on Ramey-Zubairy state dependence

## Continue Ramey-Zubairy state dependence

Presentation on Miyamoto-Nguyen-Sergeyev ZLB in Japan

Summary of Cross-Sectional Government Spending Results

Presentation on Estimating the Effects of Taxes

Slides on empirical estimates of MPCs

Slides on micro vs. macro MPCs

## Slides on Kaplan and Violante

Kaplan-Violante model presented on the board.

Slides on micro vs. macro MPCs

Slides Comparing Christiano, Eichenbaum and Evans with Smets-Wouters

Harald Uhlig Slides on Smets-Wouters.

We will do exercises using Harald Uhlig's Smets-Wouters toolkit.

## We will talk about Smets-Wouters theory and some empirical monetary

Harald Uhlig Slides on Smets-Wouters.

Slides on empirical monetary shocks.

Excel file with monetary data

Stata file with monetary data

Stata .do file for monetary data

The following are edited Mertens-Ravn's programs:

Main proxy svar file for Matlab

1st auxillary Matlab file for psvar.m

2nd auxillary Matlab file for psvar.m

3rd auxillary Matlab file for psvar.m

## Project 1 (Due Thursday April 25th at 11:59 pm)

Data for Question #1 of Project 1

## Project 2 (Due Tuesday May 21 at 11:59 pm)