Lecture videos for week 5 are online

[pmichaillat]

The videos are posted on the course webpage.

There is a slight change of plan, however. This week you should watch videos 41–51, in the section on the "Model of Slack With Income and Wealth Inequality". This is a new section, which I had not anticipated. But I think that the section brings a lot of interesting insights and nicely complements the previous section on the basic model. It provides more nuanced insights on the AD curve, on the model solution, and of course also shows how the model can incorporate any income and wealth inequality.

I will post the videos on "Price and Wage Rigidities" in the coming days. You will watch them next week.