Lecture plan
Plan lecture 1-13
Book:
Krueger, Dirk: Quantitative Macroeconomics: An Introduction, 2007. Book Manuscript, Chapter 3-6, 11. link.
Walsh, C: Monetary Theory and Policy, Second edition, 2003. The MIT Press. Ch. 5.3, 5.4, 8, 10, 11.
Articles
Chari and Kehoe : Modern Macroeconomics in Practice: How Theory Is Shaping Policy, 2006. Journal of Econ Perspectives. link.
Clarida, R. Gali, J. and M. Gertler: The Science of New Monetary Policy - a Keynesian Perspective, 1999. The Journal of Economic Literature. link.
Faust, J. and Henderson, D: Is Inflation Targeting Best-Practice Monetary Policy?, 2004. Federal Reserve Bank of St. Louis Review. Vol. 86, No. 4. link.
Gali, J: Modern Perspectives on Fiscal Stabilization Policies, 2005. CESifo Economic Studies, Vol. 51, 4/20. p. 587-599. link.
Gali, J. : New Perspectives on Monetary Policy, Inflation and the Business Cycle, 2003. Cambridge University Press. In Advances in Economic Theory, edited by: M. Dewatripont, L. Hansen, and S. Turnovsky, vol. III, 151-197. link.
Gali J.: On the role of technology shocks as a source of business cycles: some new evidence, 2004. Journal of European Economic Association. link.
Gavin and Kydland: Endogenous Money Supply and the Business Cycle, 1999. Review of Economic Dynamics. link.
Kydland and Prescott: Business Cycles: Real facts and a Monetary Myth, 1990. Federal Reserve Bank of Minneapolis Quarterly Review. link.
Mankiw G., N.: The Macroeconomist as Scientist and Engineer, 2006. Journal of Econ Perspectives. link.
Rebelo S.,: Real business cycle models: Past, present and future, 2005. Scandinavian Journal of Economics. link.
Svensson, L.E.O: Monetary Policy and Real Stabilization, August 29-31, 2002. In Rethinking Stabilization Policy, A Symposium Sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming , 261-312. link.
Woodford, M: Central Bank Communication and Policy-Effectiveness, August 25-27, 2005. Publication draft of paper presented at FRB Kansas City Symposium on “The Greenspan Era: Lessons for the Future,” Jackson Hole, Wyoming. link.
Additional Reading
Christiano and Fitzgerald : The Band Pass Filter, 2003. International Economic Review. link.
Hodrick and Prescott : Postwar U.S. Business Cycles: An Empirical Investigation, 1997. Journal of Money, Credit and Banking. link.
King, R. and S. Rebelo: Resuscitating real business cycles, 2000. NBER Working Paper No. w7534. link.
Lucas R.: Macroeconomic Priorities, 2003. American Economic Review. link.
Lecture notes
Material Distributed before lectures