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Short Course: Some Topics on Macro-Finance Theory

2023-06-01 19:31:55

Instructor: Professor Yulei Luo

Yulei Luo - HKU Business School

Reading list:see attachment

Attendance:Master/PhD student

Venue: B336, Zhixin Building, Central Campus


June 12 8:00-10:00am

1)Continuous-time stochastic Bellman equation

2)Applications: The Merton model with consumption and portfolio choice; The Caballero model with precautionary savings, and the investment model with convex adjustment costs.

June 13 8:00-10:00am

3) Continuous-time stochastic impulse control

4) Applications: consumer durables adjustment and investment with fixed costs.