14th ZEI International Summer School on Heterogeneity in Macroeconomics - Center for European Integration Studies

Topics: Dynamic equilibrium models with household heterogeneity and incomplete financial markets. The lectures will cover methodological issues: infinite horizon and life cycle such as stationary equilibrium, transitional dynamics, aggregate fluctuations and computational algorithms as well as applications to: income, consumption, and wealth inequality over time and over the life cycle, labor supply decisions along the intensive and extensive margin, estimation of micro and macro Frisch elasticities, (optimal) fiscal policy, progressive taxation, pension reforms and social insurance, (optimal) monetary policy, redistributive consequences of inflation, housing decisions, housing policy, and foreclosure, unsecured consumer credit and bankruptcy and welfare costs of business cycles and welfare implications of the "Great Recession"