14.454 Macroeconomic Theory IV, Fall 2004
In the first problem set, this graph is used to illustrate how after the reduction in technology, the number of vacancies in the economy will go down. (Image by Prof. Ricardo Caballero.)
Highlights of this Course
Course Description
This half-term course covers the macroeconomic implications of imperfections in labor markets, goods markets, credit and financial markets. The role of nominal rigidities is also an area of focus.