This is the class website for University College Dublin module MA Macroeconomics (ECON 41990) in\u00a0 Autumn 2014.<\/p>\n
Information and Assessment<\/strong><\/p>\n A syllabus for the course (including details of the assessment) is available here<\/a>. \u00a0The School of Economic gradescale is here<\/a>.<\/p>\n Here<\/a> is a handout with guidelines on the final exam and sample questions for the first section of the exam.\u00a0 (Final edition).<\/p>\n Here<\/a> are sample questions for the second part of the final exam as well as some guidelines for answering the questions. (Final edition).<\/p>\n \u00a0Lecture Notes<\/strong><\/p>\n 1. The IS-LM Model<\/a>. (From MIT Open Courseware<\/a>)<\/p>\n 2. The AS-AD Model<\/a>. (From MIT Open Courseware<\/a>)<\/p>\n My summary<\/a> of IS-LM and AS-AD<\/p>\n Click on the name of the topics below to obtain the lecture notes. Note these are longer and more detailed than the slides.<\/p>\n 3.\u00a0Introducing the IS-MP-PC Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n 4.\u00a0Analysing the IS-MP-PC Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n 5. The Taylor Principle<\/a>.\u00a0Slides\u00a0here<\/a>.<\/p>\n 6.\u00a0The Zero Lower Bound and the Liquidity Trap<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/span><\/p>\n 7.\u00a0Rational Expectations and Asset Prices<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 8.\u00a0Rational Expectations, Consumption and Asset Pricing<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 9. Sticky Prices and the Phillips Curve<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 10. Growth Accounting<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 11. The Solow Model<\/a>.\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 12.\u00a0Endogenous Technological Change: The Romer Model<\/a>.\u00a0\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 13.\u00a0Cross-Country Technology Diffusion<\/a>.\u00a0\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n 14.\u00a0Institutions and Efficiency<\/a>.\u00a0\u00a0Slides\u00a0<\/span>here<\/a>.<\/span><\/p>\n Readings<\/strong><\/p>\n John Hicks (1937). Mr. Keynes and the Classics: A Suggested Interpretation<\/a><\/p>\n Mark Bils and Peter Klenow (2004).\u00a0Some Evidence on the Importance of Sticky\u00a0Prices<\/a><\/p>\n Alvarez et al (2005). Sticky Prices in the Euro Area<\/a><\/p>\n Carl Walsh (2002):\u00a0Teaching Inflation Targeting: An Analysis for Intermediate Macro<\/a><\/p>\n Milton Friedman (1968):\u00a0The Role of Monetary Policy<\/a>.<\/p>\n John Taylor (1993):\u00a0Discretion Versus Policy Rules in Practice<\/a><\/p>\n Bank of England (2012):\u00a0State of the Art of Inflation Targeting<\/a><\/p>\n Richard Clarida, Jordi Gali and Mark Gertler (2000):\u00a0Monetary Policy Rules Athanasios Orphanides (2001).\u00a0Monetary Policy Rules, Macroeconomic Stability and Inflation: A View from the Trenches<\/a><\/p>\n Ben Bernanke (2003):\u00a0\u00a0Some Thoughts on Monetary Policy in Japan<\/a><\/p>\n Lars Svensson (2003).\u00a0Escaping from a Liquidity Trap and\u00a0Deflation: The Foolproof Way and\u00a0Others<\/a><\/p>\n Paul Krugman (2012):\u00a0Earth to Ben Bernanke. Chairman Bernanke Should Listen to Professor Bernanke<\/a><\/p>\n Eugene Fama (1970): Efficient Capital Markets: A Review of Theory and Empirical Work<\/a><\/p>\n Eugene Fama (1991): Efficient Capital Markets II<\/a><\/p>\n Robert Shiller (1981):\u00a0Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?<\/a><\/p>\n John Campbell and Robert Shiller (2001).\u00a0Valuation Ratios and the Long-Run Stock Market Outlook: An Update<\/a>.<\/p>\n Gavyn Davies: The Nobel \u00a0Laureates on Equity Bubbles<\/a><\/p>\n NBER\u00a0Workshop<\/a>\u00a0on Behavioural Finance.<\/p>\n Robert Lucas (1976).\u00a0Econometric Policy Evaluation: A Critique<\/a>.<\/p>\n Robert Hall (1978).\u00a0Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence<\/a>.<\/p>\n John Campbell and Gregory Mankiw (1990). Permanent Income, Current Income, and Consumption<\/a><\/p>\n Robert Barro (1974). Are Government Bonds Net Wealth?<\/a><\/p>\n Jonathan Parker, Nicholas Souleles, David Johnson and Robert McClelland (2011). Consumer Spending and the Economic Stimulus Payments of 2008<\/a>.<\/p>\n Jonathan Parker (1999). The Reaction of Household Consumption to Predictable Changes in Social Security Taxes<\/a>.<\/p>\n Chang-Tai Hsieh (2003). Do Consumers React to Anticipated Income Changes? Evidence from the Alaska Permanent Fund<\/a><\/p>\n Bureau of Labor Statistics\u00a0MFP Trends up to 201<\/a>3<\/p>\n Karl Whelan:\u00a0Is the U.S. Set for an Era of Slow Growth?<\/a><\/p>\n Kieran McQuinn and Karl Whelan (2014): Presentation on Demographics, Structural Reform and the Growth Outlook for Europe<\/a>.<\/p>\n Alwyn Young (1992):\u00a0A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore<\/a><\/p>\n Edward Miguel and Gerard Roland (2009):\u00a0The Long Run Impact of Bombing Vietnam<\/a><\/p>\n Paul Krugman (1994):\u00a0The Myth of Asia\u2019s Miracle<\/a><\/p>\n Paul Romer (1990) :\u00a0Endogenous Technological Change<\/a>.<\/p>\n Robert Gordon (2012):\u00a0Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds<\/a><\/p>\n Robert Gordon (2014): The Demise of U.S. Growth: Restatement, Rebuttal and Reflections<\/a><\/p>\n Joel Mokyr (2013): Is Technological Progress a Thing of the Past?<\/a><\/p>\n Robert E. Hall and Charles I. Jones (1999).\u00a0Why Do Some Countries Produce So Much More Output per Worker than Others?<\/a><\/p>\n Douglass North (1999).\u00a0Institutional Change: A Framework of Analysis<\/a>.<\/p>\n Daron Acemoglu, Simon Johnson and James Robinson (2001).\u00a0The Colonial Origins of Comparative Development: An Empirical Investigation<\/a>.<\/p>\n Dani Rodrik, Arvind Subramanian, and Francesco Trebbi (2002).\u00a0Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development<\/a>.<\/p>\n
\nand Macroeconomic Stability: Evidence and Some Theory<\/a><\/p>\n