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Unit 1 -- Exchange Rates and Wage Setting |
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1 |
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Introduction |
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- Romer. Advanced Macroeconomics. Sec. 5.1.
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2 |
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Mundell-Fleming Model and the Gold Standard |
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- Romer. Advanced Macroeconomics. Sec 5.2.
- Eichengreen and Sachs. "Exchange Rates and Economic Recovery in the 1930s." Pp. 925-46.
- Temin. Lessons from the Great Depression. Appendix A. Pp. 139-46 only.
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Posted: Problem Set 1 |
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3 |
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The Great Depression |
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- Temin. Lessons from the Great Depression. Chapters 1 & 2.
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Due: Problem Set 1 Posted: Problem Set 2
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4 |
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Unemployment then and now |
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- Romer. Advanced Macroeconomics. Sec. 5.3.
- Temin. Lessons from the Great Depression. Chapter 3.
- Nickell. "Unemployment and Labor Market Rigidities; Europe versus North America." Pp. 55-74.
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Due: Problem Set 2 |
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5 |
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Monetary Regimes Today |
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- Ghosh, Gulde, Ostry, and Wolf. "Does the Exchange Rate Matter for Inflation and Growth?"
- Eichengreen. "Crisis Prevention and Management: Any New Lessons from Argentina and Turkey?"
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6 |
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Exam 1 |
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Unit 2 -- Economic Growth |
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7 |
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Introduction |
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- Easterlin. "The Worldwide Standard of Living Since 1800."
- DeLong. "Cornucopia: The Pace of Economic Growth in the Twentieth Century."
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8 |
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Solow Growth Model |
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- Romer. Advanced Macroeconomics. Chapter 1.
- Denison. Why Growth Rates Differ. Chap. 21, pp. 296-301, 319-345 only.
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Posted: Problem Set 3 |
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9 |
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TFP and Economic Growth |
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- Jones. "On the Evolution of the World Income Distribution."
- Abramovitz and David. "American Macroeconomic Growth in the Era of Knowledge-Based Progress: A Long-Run Interpretation."
- Young. "Lessons from the East Asian NICs: A contrarian view."
- Sachs. "Reforms in Eastern Europe and the Former Soviet Union in Light of the East Asian Experience."
- Svegnar. "Transition Economies: Performance and Challenges."
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Due: Problem Set 3
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10 |
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New Growth Theory |
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- Romer. Advanced Macroeconomics. Secs. 3.1, 3.2, 3.4, 3.8-10, 3.12.
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Posted: Problem Set 4 |
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11 |
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Knowledge, Social Capital and Economic Growth |
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- Romer. Advanced Macroeconomics. Sec. 3.7.
- Temin. "Evolutionary History: A Review Essay."
- Engerman and Sokoloff. "Factor Endowments, Institutions, and Differential Paths of Growth Among New World Economies: A View from Economic Historians of the United States."
- McArthur and Sachs. "Institutions and Geography: Comment on Acemoglu, Johnson and Robinson (2000)."
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Due: Problem Set 4 |
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12 |
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Postwar Economic Growth in Europe |
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- Abramovitz. "Catching Up, Forging Ahead, and Falling Behind."
- Temin. "The Golden Age of European Economic Growth Reconsidered."
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13 |
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Exam 2 |
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Unit 3 -- Savings |
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14 |
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Representative Consumer Model
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- Romer. Advanced Macroeconomics. Secs. 2.1, 2.7, 7.4, 7.5, 11.2-3.
- Siegel and Thaler. "Anomalies: The Equity Premium Puzzle."
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15 |
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Overlapping Generations Model |
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- Romer. Advanced Macroeconomics. Chapter 2 B.
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Posted: Problem Set 5 |
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16 |
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Government Policy, Savings, and Social Security
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- Congress of the United States. Congressional Budget Office, The Budget and Economic Outlook: Fiscal Years 2003-2012. Chapters 1, 6.
- Lee and Skinner. "Will Aging Baby Boomers Bust the Federal
Budget?"
- Diamond and Orszag. "Reducing Benefits and Subsidizing Individual Accounts: An Analysis of the Plans Proposed by the President's Commission to Strengthen Social Security."
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Due: Problem Set 5 |
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17 |
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International Comparison |
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- Gruber and Wise. "Social Security, Retirement Incentives, and Retirement Behavior: An International Perspective."
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18 |
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Final Examination Period |
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Exam 3 |
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