| Title | 向山敏彦先生連続講義 CREPE Lecture Series by Prof. Toshihiko Mukoyama "Incomplete Market Models in Macroeconomics: Basics and Applications" |
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| Date | 2020年12月2日（水）、9日（水）いずれも13:00-14:45(日本時間） 1:00pm-2:45pm, December 2 and 9, 2020 (JAPAN TIME) |
| Venue | Zoomでの開催となります。URLについては参加登録された方に後日メールでお知らせいたします。 Online lecture on Zoom: the URL will be sent to registered participants via e-mail. 参加登録は11月26日でいったん締め切りました。以降参加を希望される方はCREPE事務局までお名前・ご所属をお書き添えの上、メールでご連絡ください（crepe@e.u-tokyo.ac.jp) After November 26, please contact us directly at crepe@e.u-tokyo.ac.jp stating your name and affiliation if you would like to join the lecture . |
| Lecturer | 向山敏彦（Toshihiko Mukoyama, Georgetown University) |
| Course Description | These two lectures will cover various topics surrounding the incomplete-market models in macroeconomics. First, I will review the aggregation properties of complete-market models. After briefly covering the mathematical background on the existence and uniqueness of the stationary distribution, I will talk about two basic models (the Huggett model and the Aiyagari model) with an emphasis on intuitions. In the second lecture, I will talk about quantitative applications. I will review some computational methods and talk about applications on the labor market dynamics. |
| Reference | Syllabus Lecture material for December 2 Lecture material for December 9 |
| Information | 講義は英語で行われます（Lecture in English） |