Econ 429: Advanced Macroeconomics III

Welcome to this web page! This class is co-taught by Olivier Morand and Christian Zimmermann. This class meets on Tuesdays 2-4:45 PM in room 311, Monteith Building. Zimmermann will teach the first third of the class, Morand the latter two thirds.

Office hours for this class are TBA (Morand) and Wednesdays 7:30-11:30 AM or by appointment (Christian Zimmermann).


This class will use the following textbooks: Lars Ljungvist and Thomas J. Sargent, Recursive Macroeconomic Theory, MIT Press 2000. A second edition was published in 2004, you can use either for this class. The other textbook is George T. McCandless Jr, with Neil Wallace, Introduction to Dynamic Macroeconomic Theory, Harvard University Press 1991. Both books should be available at the UConn Bookstore (Co-op). macro.

We will not cover every chapter of the textbooks, and we will cover some material not covered in the textbooks.


  1. Search Theory

    Ljungqvist and Sargent, Chapters 6, 26

  2. Overlapping Generations

    McCandless and Wallace


There will be two mid-terms and a final exam. Each will last a full class. We will also sprinkle a certain number of homeworks here and there, both to entice you to work without delay and to allow us to check we are on the right track. You will also be asked to write a short essay on a rather narrow topic from Ljungqvist and Sargent. The formula will be:

Essay Topics

The essay should be 8 pages long, plus a bibliography of at least 10 items. At least three must be articles (no more than two from the same journal), at least three must be unpublished working papers. Topics can be from those in the Ljungqist and Sargent textbook that we will not cover, or another topic. The topic needs to be first approved by Morand. Topics covered by other students in recent years are not eligible.

To contact me: Phone: 6-3272, Email: