Mr. Harald Uhlig visited the MCMF from June 18 - 21, 2012. He is Professor of Economics and Chairman of the Department of Economics at the University of Chicago. In his research, he focuses on applied quantitative macroeconomics, applied DSGE theory, and the intersection of macroeconomics and financial economics. An overview of his published articles and working papers can be found here.
During his stay in Mannheim, Mr. Uhlig tought a course on "Financial Markets and the Macroeconomy". The course took place on June 19 and June 20 from 1.45 pm to 3.15 pm and on June 21 from 10.15 am to 11.45 am.
This course investigated the interrelationship between financial markets and macroeconomics, presenting some recent developments in that literature in survey style. We started from a log-linearized perspective on asset pricing and macroeconomic dynamics, and briefly touched upon long-run risk and Epstein-Zin preferences. We discussed higher moments and large disasters. Finally, we turned to DSGE models incorporating a housing sector and house price booms and busts as well as models of systemic risk.