{"id":759,"date":"2012-12-27T16:45:32","date_gmt":"2012-12-27T16:45:32","guid":{"rendered":"https:\/\/karlwhelan.com\/staging\/?p=759"},"modified":"2026-01-01T21:58:50","modified_gmt":"2026-01-01T21:58:50","slug":"macroeconomics-2","status":"publish","type":"post","link":"https:\/\/www.karlwhelan.com\/macroeconomics-2\/","title":{"rendered":"Undergraduate Advanced Macroeconomics (ECON30120)"},"content":{"rendered":"

This is the class website for University College Dublin module Advanced Macroeconomics (ECON 30120) which was taught by Professor Karl Whelan in Spring 2021. Here<\/a> is a brief introduction to the module.<\/p>\n

 <\/p>\n

Lecture Notes and Slides<\/strong><\/p>\n

0.\u00a0Some Preliminaries on Equations<\/a>. Slides here<\/a>.<\/p>\n

1.\u00a0Introducing the IS-MP-PC Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n

2.\u00a0Analysing the IS-MP-PC Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n

3.\u00a0The Taylor Principle<\/a>. Slides\u00a0here<\/a>.<\/p>\n

4.\u00a0The Zero Lower Bound and the Liquidity Trap<\/a>. Slides\u00a0here<\/a>.<\/p>\n

5.\u00a0Rational Expectations and Asset Prices<\/a>. Slides\u00a0here<\/a>.<\/p>\n

6.\u00a0Rational Expectations and Consumption<\/a>. Slides\u00a0here<\/a>.<\/p>\n

7.\u00a0Exchange Rates, Interest Rates and Expectations<\/a>. Slides\u00a0here<\/a>.<\/p>\n

8.\u00a0Growth Accounting<\/a>. Slides\u00a0here<\/a>.<\/p>\n

9.\u00a0The Solow Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n

10.\u00a0Determinants of Total Factor Productivity<\/a>. Slides\u00a0here<\/a>.<\/p>\n

11.\u00a0Before Growth: The Malthusian Model<\/a>. Slides\u00a0here<\/a>.<\/p>\n

12.\u00a0Population & Resources: Malthus and the Environment<\/a>. Slides\u00a0here<\/a>.<\/p>\n

 <\/p>\n

Readings<\/strong><\/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:\u00a0Monetary Policy Rules<\/a>
\n and Macroeconomic Stability: Evidence and Some Theory<\/a><\/p>\n

Ben Bernanke:\u00a0\u00a0Some Thoughts on Monetary Policy in Japan<\/a><\/p>\n

Paul Krugman:\u00a0Earth to Ben Bernanke. Chairman Bernanke Should Listen to Professor Bernanke<\/a><\/p>\n

Robert Shiller:\u00a0Do Stock Prices Move Too Much to be Justified by Subsequent Changes in Dividends?<\/a><\/p>\n

John Campbell and Robert Shiller.\u00a0Valuation Ratios and the Long-Run Stock Market Outlook: An Update<\/a>.<\/p>\n

Robert Lucas.\u00a0Econometric Policy Evaluation: A Critique<\/a>.<\/p>\n

Robert Hall.\u00a0Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence<\/a>.<\/p>\n

Maurice Obstfeld, Jay C. Shambaugh, Alan M. Taylor (2004). The Trilemma in History: Tradeoffs among Exchange Rates, Monetary Policies, and Capital Mobility<\/a><\/p>\n

Robert Solow:\u00a0Technical Change and the Aggregate Production Function.<\/a><\/p>\n

Bureau of Labor Statistics\u00a0MFP Trends — 2018<\/a><\/p>\n

Karl Whelan:\u00a0Is the U.S. Set for an Era of Slow Growth?<\/a><\/p>\n

Alwyn Young:\u00a0A Tale of Two Cities: Factor Accumulation and Technical Change
\nin Hong Kong and Singapore<\/a><\/p>\n

Edward Miguel and Gerard Roland:\u00a0The Long Run Impact of Bombing Vietnam<\/a><\/p>\n

Paul Krugman:\u00a0The Myth of Asia\u2019s Miracle<\/a>.<\/p>\n

Paul Romer:\u00a0Endogenous Technological Change<\/a>.<\/p>\n

Robert Gordon:\u00a0Is U.S. Economic Growth Over? Faltering Innovation Confronts the Six Headwinds<\/a><\/p>\n

Robert E. Hall and Charles I. Jones.\u00a0Why Do Some Countries Produce So Much More Output per Worker than Others?<\/a><\/p>\n

Douglass North.\u00a0Institutional Change: A Framework of Analysis<\/a>.<\/p>\n

Daron Acemoglu, Simon Johnson and James Robinson.\u00a0The Colonial Origins of Comparative Development: An Empirical Investigation<\/a>.<\/p>\n

Dani Rodrik, Arvind Subramanian, and Francesco Trebbi.\u00a0Institutions Rule: The Primacy of Institutions over Geography and Integration in Economic Development<\/a>.<\/p>\n

Robert Gillanders and Karl Whelan.\u00a0Open For Business? Institutions, Business Environment and Economic Development<\/a>.<\/p>\n

Gregory Clark (2007). A Farewell to Alms. Chapter One:\u00a0The Sixteen Page Economic History of the World<\/a>.<\/p>\n

Gregory Clark (2007). A Farewell to Alms. Chapter Two:\u00a0The Logic of the Malthusian Economy<\/a>.<\/p>\n

Thomas Malthus (1798).\u00a0An Essay on the Principle of Population<\/a>.<\/p>\n

Gapminder<\/a>: Wonderful animated graphs on health, incomes and other things.<\/p>\n

James Brander and M. Scott Taylor (1998).\u00a0The Simple Economics of Easter Island: A Ricardo-Malthus Model of Renewable Resource Use<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

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