[Prcenter] short class on demography and overlapping generation general equilibrium models

[Carl Boe]

From: Ronald Lee <rlee at demog.berkeley.edu>
To: everyone at demog.berkeley.edu
Subject: starts tomorrow: short class on demog-OLG
Message-ID: <Pine.WNT.4.64.0906301403230.4384 at LENOVO-862533E1>
X-X-Sender: rlee at imap.demog.berkeley.edu
MIME-Version: 1.0
Content-Type: TEXT/PLAIN; charset=US-ASCII; format=flowed
X-Virus-Scanned: ClamAV using ClamSMTP


students and others who might be interested:

Miguel Romero, a Spanish economist who is a Fulbright Scholar in
Demography, is giving a four hour class this week on programming General
Equilibrium OLG models of a closed economy with realistic demography,
perfect foresight, and transfers. This is a chance to learn some skills of
quite general applicability in programming economic-demographic
interactions and optimization.


Workshop Objective (from Miguel):

This workshop is intended for people interested in modeling general equilibrium
overlapping generations models of a closed economy. These models are used for a
wide variety of economic problems such as monetary and fiscal policies,
economic growth, and the optimal age of retirement, among many others. In this
course we aim to program the macroeconomic consequences of the demographic
transition. We will assume that individuals can live N periods, face mortality
risk, have perfect foresight, and give and receive transfers along their life
cycles. We will simulate the economy using the discrete version of the Bellman
equation.

Required Knowledge

Basic macroeconomic and microeconomic theory, basic algebra, and calculus.
MATLAB is not a requirement since the programming will be given during the
class.

Seminar Schedule

The course consists in four hours of classes split into two days:

- July 1st, from 9:30 am to 11:30 am.
- July 2nd, from 9:30 am to 11:30 am.

It will be held in the Demography Building at 2232 Piedmont Ave in the seminar
room. All are welcome.

Ron