The course explores alternatives to the full-information, rational expectations paradigm with an emphasis on macroeconomic applications. This course is primarily theoretical. The course begins with a brief overview of techniques for inference and filtering under incomplete information. We then consider models of coordination games, imperfect foresight, rational inattention, adaptive learning, and bounded rationality. Assignments will consistent of twoproblem sets and a research proposal.
Course Syllabus:
Linked here. The syllabus includes an updated list of readings.
Office Hours:
Mondays: 4:30pm to 5:30pm or sign up here for additional times.