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no.
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Title
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Lectures and References
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1
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Introduction
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Lecture 1 [pdf]: Introduction - Macroeconomic Methodology
Macroeconomic in the Long Run vs Macroeconomic In the Short Run. A First
Structural Model
Readings :
Rodrik Economists
vs Economics
Mankiw
The
Macroeconomist as Scientist and Engineer
Krugman Two cheers for formalism
Macroeconomic Data - FRED
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2-3
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Growth
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Lecture 2 [pdf]: Review of Growth Theory – Solow
and all the rest.
! To be read before the lecture!
Easterly “The Elusive Quest for Growth”
Chapter 1 and 2
Readings:
Solow (1956) “A
Contribution to the Theory of Economic Growth”
Mankiw
et al. (1990) “A
contribution to the empirics of economic growth
Howitt (2004)
“Endogenous Growth, Productivity and Economic Policy: A Progress
Report”
Jones “R&D
models of endogenous growth”
Exercise:
Education and Growth (Class Activity)
Technical Exercise (to submit on the 18th
of February)
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4
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Growth
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Lecture 3 [pdf]: Growth Theory and Growth
Policies
Readings
Aghion
and Howitt: Schumpeterian Growth Theory
Howitt (2004)
“Endogenous Growth, Productivity and Economic Policy: A Progress
Report”
The Growth Report
Strategies for Sustained Growth and Inclusive Development
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5
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Institutions
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Lecture 4 [pdf] Institutions and
economic growth
Readings
Acemoglu,
Daron, Simon Johnson, and James A. Robinson. "Institutions as a
fundamental cause of long-run growth." Handbook of economic
growth 1 (2005): 385-472.
Easterly, William.
"Benevolent autocrats." Preliminary draft. NYU (2011).
Acemoglu,
Daron, Simon Johnson, and James A. Robinson. "The colonial origins of
comparative development: An empirical investigation." American
economic review 91.5 (2001): 1369-1401
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6
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Unemployment
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Lecture 5 [pdf]: Unemployment
Readings:
Janet L. Yellen (1984) “Efficiency Wage Models of Unemployment
Shapiro and Stiglitz
“Equilibrium Unemployment as a Worker Discipline
Device” - extended derivations [pdf]
Blanchard and Summers (1987) “Hysteresis in
Unemployment”
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7
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Unemployment
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Workshop: Unemployment in South Africa
Minimum
Wage Notes
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8
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Crisis 1
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Lecture 6 [pdf] Introduction: The genesis and
development of financial crisis
Readings:
Markus Brunnermeier "Deciphering the 2007-08 Liquidity and Credit
Crunch"
Ross Levine "An Autopsy of the
U.S. financial System"
John Taylor "The Financial
Crisis and the Policy Responses: An Empirical Analysis of What Went Wrong"
VOXEU
E-publication The First Global Financial Crisis of the
21st Century
Lecture 6.1 [pdf] The Economics of Financial
Crisis
Readings:
Oliver Blanchard “The
Crisis: basic mechanism and appropriate policies”
Ben S. Bernanke and Alan S. Blinder Credit, Money, and Aggregate Demand
Paul De Grauwe "Keynes' Savings Paradox, Fisher's Debt Deflation
and the Banking Crisis"
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9
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Monetary Policy 1
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Lecture 7 [pdf] Targets and Instruments of
Monetary Policy and the Monetary Transmission Mechanism
Readings:
Alan Blinder (1997) What Central
bankers could learn from Academics and Viceversa
William Poole (1970) Optimal Choice of Monetary Instruments in a Simple
Stochastic Macromodel
Frederic Mishkin (1996) The Channels of Monetary Policy
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10
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Monetary Policy 2
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Lecture 8 [pdf] The Theory of Central Bank
Independence
Readings:
Romer
– Advanced Macroeconomics – Chapter 9
Barro
and Gordon (1981) “A Positive Theory of
Monetary Policy in a Natural Rate Model”
Notes: The Barro-Gordon Model
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12
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Monetary Policy 3
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Lecture 9 [pdf] Monetary Policy in Practice :
Instruments and Targeting Rules
Readings:
Milton Friedman (1968)
“The Role of Monetary Policy”
John Taylor (1993 )
“Discretion versus Policy Rules in Practice”
Lars Svensson
(1997) "Inflation Forecast Targeting: Implementing and Monitoring
Inflation Targets"
Frederic Mishkin (2001) “Inflation
Targeting
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13
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Fiscal Policy 1
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Lecture 10 [pdf] Fiscal Policy: Ricardian Equivalence
Readings:
Basic Derivation here
Barro
(1985) “A Ricardian
Approach to Fiscal Policy”
Tanner (2013) "Fiscal sustainability: A 21st century guide for
the perplexed"
Dornbusch,, and Edwards.(1990) "Macroeconomic populism." Journal of Development Economics 32.2: 247-277
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