"Macro Reading Group" (WS 2004/05) |
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Winfried Koeniger, PhD
Titel: Macro Reading Group
Ort und Zeit: 2 Std., Di 17:30-19:30 in Seminarraum IZA, Schaumburg-Lippe Str. 7, Beginn am 2.11.2004
Zielpublikum: Graduiertenprogramm
Course Description:
The goal of this reading group is to discuss recent advances in dynamic macroeconomics. We will start with an introduction into optimal taxation and recursive methods for optimal contracts. We then discuss recent research on dynamic public finance. Every participant is expected to have read the papers listed below before the respective session so that we can discuss them. Each presentation shall last 45-60 minutes after which there will be a general discussion of about 30-45 minutes.
Contact koeniger@iza.org for questions or further information.
Program
Teil 1: Introduction into Optimal Taxation and Recursive Methods for Optimal Contracts
Tue., 2.11.:
Ljungqvist, L. and T. Sargent (2000): Recursive Macroeconomic Theory, MIT Press, chapter 12.
Fri., 5.11.:
Ljungqvist, L. and T. Sargent (2000): Recursive Macroeconomic Theory, MIT Press, chapters 13 + 15.
Tue., 9.11
Doepke, M. and R. Townsend (2004): "Dynamic Mechanism Design with Hidden Income and Hidden Actions", JET, forthcoming.
Teil 2: New Dynamic Public Finance
Tue., 23.11.:
Golosov, M., Kocherlakota, N., and Tsyvinski, A., "Optimal Indirect and Capital Taxation", Review of Economic Studies 70, 569-88, 2003.
[Golosov, M., and Tsyvinski, A., "Designing Optimal Disability Insurance", Federal Reserve Bank of Minneapolis working paper, 2003. http://www.minneapolisfed.org/research/wp/wp628.pdf]
Thu., 25.11.:
Golosov, M., and Tsyvinski, A., "Optimal Taxation with Endogenous Insurance Markets", University of Minnesota working paper, 2003. http://www.econ.umn.edu/~golosov/EndogenousInsuranceMarkets.pdf
Tue., 30.11.:
Kocherlakota, N., "Zero Expected Wealth Taxes: A Mirrlees Approach to Dynamic Optimal Taxation", Stanford University Department of Economics working paper, 2004. http://www.stanford.edu/~nkocher/mirrlees5.pdf
Tue., 7.12.:
Kapicka, M., "Optimal Taxation with Human Capital Accumulation", University of California-Santa Barbara, 2004. http://econ.ucsb.edu/~mkapicka/optimalhctax.pdf
Tue., 14.12.:
Albanesi, S., and Sleet, C., "Dynamic Optimal Taxation with Private Information", Duke University working paper, 2004. http://faculty.fuqua.duke.edu/~albanesi/bio/ainfo/albanesi-sleet-revised.pdf
Tue., 21.12.:
Battaglini, M., and Coate, S., "Pareto Efficient Income Taxation with Stochastic Abilities", Princeton University working paper, 2004. http://www.princeton.edu/~mbattagl/taxation.pdf