AØKK08326U Seminar: Macroeconomic aspects of financial frictions (F)
The seminar is a part of the Financial line signified with (F)
(Only available for Master students at Department of Economics)
In this seminar students have to analyze recent theoretical and empirical studies of macroeconomic phenomena for which financial frictions are essential. While it is recommended that students have followed the graduate course Financial Frictions, Liquidity, and the Business Cycle, the only formal requirement is that students have knowledge of microeconomics, macroeconomics, and econometrics at the level of the undergraduate program.
- Demand and credit supply effects during the Great Recession
- Monetary models with housing services
- Models of depressions vs. recessions
- Empirical evidence of the lending channel
- Determinants of households an firms’ leverage
- Liquidity trap with financial frictions
- Uncertainty shocks
- Financial contagion
- Liquidity and lender of last resort
- Financial development and economic growth
Students are encouraged to write papers in pairs. Examples of what papers may do are (topics should be agreed with me):
- Review of related articles on a specific topic
- Extension of existing theoretical model
- Replication and extension of empirical analysis using the original paper’s dataset
- Replication and extension of empirical analysis using a different dataset than original paper
- Original empirical analysis
- Policy oriented analysis on a relevant topic
For the relevant literature, please refer to the syllabus of the graduate course Financial Frictions, Liquidity, and the Business Cycle, as well as recent papers published in top journals as well as NBER’s working papers.
Preliminary schedule of meetings:
- February 3, a first meeting of one hour, where the teacher presents some selected topics, discuss the expected form of the papers and the end of term oral presentations.
- February 27, a second meeting of two hours, where the student in a few minutes describes the project and receive feedback from the teacher. A day earlier a description of length between a paragraph and one page must be send to the teacher.
- April 8, a third meeting of four hours, where the student makes a short presentation with slides of the project in more detail and receive feedback from other students and the teacher. A day earlier a description of length between two and four pages must be send to the teacher.
- May 15 the final version of the paper by must be send to the teacher and the discussant.
- May 28 and 29, final meetings of two full days. Each of the students should make a 40 minutes presentation of their research and provide a 20 minutes discussion of one of the other papers.
During February and in the first week of April after Easter the teacher will have time to meet once or twice with the students on an individual basis.
https://intranet.ku.dk/economics_ma/study_programme/seminars/Pages/default.aspx
- Category
- Hours
- Exam
- 0,3
- Seminar
- 0
- Total
- 0,3
- Credit
- 7,5 ECTS
- Type of assessment
- Written assignmentOral examination, 60 min under invigilationA written seminar paper and a oral presentation for the others participans at the seminar.
- Exam registration requirements
- Attendance on the seminar. The mandatory commitment paper and seminar paper have been handed in at deadline.
- Aid
Al aids for the written seminarpaper.
For the oral presentation the slices for the presentation. The teacher can specifiy what els is allowed.
- Marking scale
- 7-point grading scale
- Censorship form
- External censorship
up to 20 % censorship at the seminarpaper
- Exam period
- Is decided and informed by the teacher at the compulsive planningmeeting.
- Re-exam
- As ordinary.
Criteria for exam assesment
The student must in a satisfactory way demonstrate that he/she has mastered the learning outcome of the course.
Course information
- Language
- English
- Course code
- AØKK08326U
- Credit
- 7,5 ECTS
- Level
- Full Degree Master
- Duration
- 1 semester
- Placement
- Spring
- Schedule
- Spring (Week 6-21)
- Study board
- Department of Economics, Study Council
Contracting department
- Department of Economics
Course responsibles
- Martin Gonzalez Eiras (3-7d77755075737f7e3e7b853e747b)