ECTS: 6

Year: 2

Semester: I

Instructors: Leonardo Boncinelli

Contents:

- a basic new Keynesian DSGE model;

- some reasons for price/wage stickiness: implicit/explicit labor contracts, efficiency wages, menu costs, rational inattention;

- equilibrium unemployment theory;

- coordination failures;

- communication policy: social value of public information, time inconsistency;

- social networks: labor-market outcomes, DeGroot model.