This course aims at giving tools to students for entering the frontier of research regarding two new lines of research: (a) models of wealth-inequality determinants and dynamics, and (b) models of financial stability. The focus will be on presenting general-purpose analytical and computational techniques that enable students to replicate and extend frontier-research papers in these areas. The course will focus on wealth-inequality/household portfolio models and on theoretical models of credit cycles, models of inside-money and liquidity, and models connecting endogenous financial-stability risk with macroeconomic performance.
Upon successful completion of this course students will be able to:
Demonstration of algorithm formation and Matlab coding in the class. Slides and practice problem sets will serve as guides and computer codes will be analyzed and distributed. Some guidance on studying new literature will be provided.
Christos Koulovatianos completed his PhD at the University of Rochester in 1999. Before joining Luxembourg, Christos has worked as Associate Professor/Reader at the University of Nottingham, as Assistant Professor at the University of Vienna, as Visiting Professor at the Goethe University Frankfurt, and as Lecturer at the University of Cyprus, while he had shorter stays at the University of Kiel and Exeter Business School.
Christos’ research interests lie in the intersection between Finance and micro-founded Macroeconomics. He works on asset pricing, household finance, fiscal policy with emphasis on taxation, on determinants of foreign direct investment and sovereign-bond returns, on dynamic games, growth models and resource economics. His work has been published in outlets such as the Review of Economics and Statistics, the Journal of Economic Theory, the Journal of Public Economics, the Review of Economic Dynamics, the European Economic Review and the Journal of Business and Economic Statistics.