Notes

“If we knew what it was we were doing, it would not be called research, would it?” — Albert Einstein

• Some Green-hand Friendly Notes:
  • A Dynare Study Note: Simulating RBC model by using Dynare with example codes
  • Log-linearization: A Brief Note on Log-linearization
• Heterogeneous Agent Model:
  • Household with idiosyncratic risk and aggregate risk: Aiyagari (1994) and Maliar et al. (2010) with example codes
  • Firm with idiosyncratic risk: Khan and Thomas (2008) with example codes
  • A Housing Demand Theory: Liu, Wang, Zha (2021, WP).
• Financial Friction and Business Cycle
  • Financial Accelerator: BGG (1999)
  • Credit Constraint and Self-Fulfilling Business Cycle: Liu and Wang (2014)
  • Endogenous Leverage and Advantageous Selection: Nenov (2017)
  • A Note of Moral Hazard and Borrowing Constraint
  • Macroeconomic Effects of Financial Shocks: Jermann and Quadrini (2012) with my codes.
• Theoretical Bank Models
  • Bank Run: Diamond and Dybvig (1983)
  • Information Disclosure and Bank Bailout by Government: Castro and Martinez (2017)
• Monetary Policy:
  • Monetary Policy Redistributional Channel on Household: Auclert (2019).
  • MP and Financial Crisis: Brunnermeier et al. (2021)
• Asset Bubble
  • Speculative Bubble Induced by Heterogeneous Belief: Harrison and Kreps (1978)
  • Asset Bubble with Credit Constraint: Miao and Wang (2018)
• Household Finance
  • Monetary Policy Pass-through: Di Maggio et al. (2017)
  • The Rate of Return: Jorda et al. (2019)

• Pecuniary Externalities: Konerik (2018)

• Other Topics
  • Robots and Automation: Rebelo et al. (2021) and Acemoglu and Restrepo (2022)
  • Social Security: Mendoza (WP)