Instructor: Albert Marcet

Selected Topics:

Learning, expectations formation and convergence to rational expectations

• Optimal signal extraction and Kalman filter
• Monetary policy and learning: hyperinflations, stability of Taylor rules, explaining US experience on monetary
• Fiscal policy, stability and fiscal sustainability under learning
• Stock price volatility
• Modelling expectations, internal rationality
• Survey expectations

Dates: June 22 – June 26

Time:  14:00 – 16: 00 h