Book:
Walsh, C. Monetary Theory and Policy. Second edition, 2003. The MIT Press. Ch. 1, 5, 8, 10, 11.
Articles:
Chari, V.V., P.J. Kehoe and E. R. McGrattan, Business Cycle Accounting Federal Reserve Bank of Minneapolis Research Department Staff Report 328, revised 2006,
Gali, J, Mark Gertler and J. David López-Salido Markups, Gaps, and the Welfare Costs of Economic fluctuations May 2005, Forthcoming in the Review of Economics and Statistics
Gali, J. On the role of technology shocks as a source of business cycles: Some new evidence. Journal of European Economic Association 2 (2-3), 372-380.
Rebelo, S. Real business cycly models: Past, present and future. Scandinavian Journal of Economics 107(2), 217-238.
Kydland, F. E. og E. C. Prescott (1990): Business cycles: Real facts and a monetary myth, Federal Reserve Bank of Minneapolis Quarterly Review, Spring 1990: 3-18
Clarida, R. Gali, J. and M. Gertler. The Science of Monetary Policy - A New Keynesian Perspective. The Journal of Economic Literature, December 1999.
Faust, J. and Henderson, D. Is Inflation Targeting Best-Practice Monetary Policy? Federal Reserve Bank of St. Louis Review, July/August 2004 Vol. 86, No. 4.
Gali, J. New Perspectives on Monetary Policy, Inflation and the Business Cycle. In Advances in Economic Theory, edited by: M. Dewatripont, L. Hansen, and S. Turnovsky, vol. III, 151-197, Cambridge University Press 2003.
Svensson, L.E.O. Monetary Policy and Real Stabilization. In Rethinking Stabilization Policy, A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming, August 29-31, 2002, 261-312.
Woodford, M. Central Bank Communication and Policy-Effectiveness. Publication draft of paper presented at FRB Kansas City Symposium on “The Greenspan Era: Lessons for the Future,” Jackson Hole, Wyoming, August 25-27, 2005.
Some additional articles will be informed about at the start of the course.
Additional material
King, R. and S. Rebelo: "" in 2000. NBER Working Paper No. w7534.. Resuscitating real business cycles.
Gali, J: Modern Perspectives on Fiscal Stabilization Policies, 2005. CESifo Economic Studies, Vol. 51, 4/2005, 587-599.
Ball, Laurence: Aggregate Demand and Long-Run Unemployment, Comments by N. Gregory Mankiw and William D. Nordhaus. Brookings Papers on Economic Activity, Vol. 1999, No. 2. (1999), pp. .