U of T

Professor Michelle Alexopoulos

Department of Economics
University of Toronto
150 St. George Street
Toronto, ON M5S 3G7

phone: (416) 978-4962
fax: (416) 978-6713
e-mail: malex@chass.utoronto.ca

Topics in Business Cycles

Course Outline

* Prof. Cochrane’s notes on solving a BC model can be downloaded at: http://faculty.chicagobooth.edu/john.cochrane/research/papers/kpr2a.pdf 



Schedule of paper presentations for last 4 classes:


March 15: (presented by M. Alexopoulos)

Alexopoulos, M. and J. Cohen, 2011.  Volumes of Evidence - Examining Technical Change in the Last Century Through a New Lens, Canadian Journal of Economics 44, 413-450

Link to paper available from: http://ideas.repec.org/a/cje/issued/v44y2011i2p413-450.html


Student discussants:

Crisovalante Raptis

Cheok Fok


March 22: (presented by K. Fawcett)

Andolfatto, David, 1996. "Business Cycles and Labor-Market Search," American Economic Review, American Economic Association, vol. 86(1), pages 112-32, March.


Link to paper available from: http://ideas.repec.org/a/aea/aecrev/v86y1996i1p112-32.html


Student discussants:

Alice Leng

Sina Vaziri

Chris Schiller


March 29: (presented by H. Desgagnes)

Mankiw, N. Gregory and Ricardo Reis. "Sticky Information Versus Sticky Prices: A Proposal To Replace The New Keynesian Phillips Curve," Quarterly Journal of Economics, Nov. 2002, v117(4): 1295-1328 ,


The working paper version of the paper will be used for the presentation.  It is available at:


Student discussants:

Bo Fu Zhang

George Hinov


April 5: (presented by C. Tewfik)

Shleifer, Andrei, 1986. "Implementation Cycles," Journal of Political Economy, University of Chicago Press, vol. 94(6), pages 1163-90,

The paper is available at: http://www.economics.harvard.edu/faculty/shleifer/files/implement_cycles.pdf


Student discussants:

Bingxiao Wang

Lingy Hu

Dingho Rao