The Solow Growth Model was taken to the data by Mankiw, Romer and Weil, AER, 1992. This session replicates the model with human capital, and estimates conditional and unconditional convergence.

The Solow Growth Model was taken to the data by Mankiw, Romer and Weil, AER, 1992. This session replicates their baseline results.

VAR models can deliver forecasts, impulse responses and many more. Here, the effects of monetary policy shocks are estimated in various periods. Forecasts in 2008Q3, 2020Q3 and out of sample forecasts demonstrated and discussed.

Review of monetary policy rules. Taylor rule and identification of periods when monetary policy was tight and when it was loose. Estimation of monetary policy reaction functions in the spirit of Clarida, Gertler and Gali (2000)

The Phillips curve serves as a benchmark model of inflation dynamics. However, this session shows that the link between inflation and unemployment or output gap is far from being stable. Flattening of the Phillips curve in after 1990s is illustrated with rolling regression and the recent increase of NAIRU is discussed.

Slides for the 6th empirical seminar to Macro A class at the Institute of Economic Studies, Faculty of Social Sciences, Charles University.

This session discusses the links between economic growth and inequality. The Kuznets curve is estimated with panel data methods: pooled model, fixed effects, and between effects. The elephant-type extension is shown as well. Besides, the evolution of inequality over time and the emerging consensus about the effects of inequality are summarized.