Some material for Advanced Macroeconomics Fall 2016

Articles

   8/11    Yellen, J. L.: Efficiency Models of Unemployment, American Ec. Rev., vol. 74, no. 2, 1984, 200-05.
22/11    Mishkin, F. S.: Symposium on the Monetary Transmission Mechanism, J. of Economic Perspectives,  vol. 9, no. 4, 1995, 3-10.
22/11    Bernanke and Blinder, Credit, money, and aggregate demand, AER, May 1988, 435-439.
             Groth, C. (1993): Some unfamiliar dynamics of a familiar macro model: A note, Journal of Economics, vol. 58 (3), 293-305, 1993. (A sligthly extended version: Groth, C. (1993b) , Keynesian-Monetarist Dynamics and the Corridor, Institute of Economics Discussion Papers, No. 93-13, PDF.)
6/12      DeLong, B., Summers (2014), and L. Ball, Fiscal Policy and Full Employment, Center on Budget and Policy Priorieties, April 2, 2014.
13/12    Solow, R. M. (2001), From Neoclassical Growth Theory to New Classical Macroeconomics. Chapter 2 in J. Drèze (ed.): Advances in Macroeconomic Theory, New York 2001, Part I, Chapter 2, pp. 19-30.

 Outside syllabus:

Blanchard, O., 2005. Fluctuations. Organization of the course, and facts. (Lecture note from MIT course March 2005.)

Slides

13/9   The Great Slump.

22/11 The bank-lending channel - the IS-BL model.

6/12   On Mian and Sufi (2014): The analytical part. The empirical part.