经典：高级宏观Akerlof讲义

4187

收藏 2005-01-31

这么经典的讲义在论坛上居然没有！ 
记得以前在网上看到有人撰文说看了这份笔记后才对宏观有了感觉，这绝对不是夸大之词。有志宏观方向的人都应该读读这份notes。


以下是相应的Reading list

ECONOMICS 202A
READING LIST
Textbook: David Romer, Advanced Macroeconomics, Second Edition. McGraw-Hill,
2001.
<H3 >I. Introduction/Mathematical Review </H3>
&Oslash; &not;Andrew C. Harvey, Time Series Models, Chapter 1, pp. 1-9; <st1:country-region><st1:place>Ch.</st1:place></st1:country-region> 2, pp. 21-53.
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 5, "Traditional Keynesian Theories of Fluctuations,. Sections 5.1 and 5.3-5.6, pp. 217-224, and 234-260.
<H3 >II. Equilibrium Concepts </H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 6, "Microeconomic Foundations of Incomplete Nominal Adjustment," Sections 6.1-6.6, pp. 265-296.
&Oslash; &not;Robert Lucas and Thomas Sargent, "After Keynesian Macroeconomics," from Federal Reserve Bank of <st1:City><st1:place>Boston</st1:place></st1:City>, After the Phillips Curve: Persistence of High Inflation and High Unemployment, Conference Series No. 19.
&Oslash; &not;Thomas Sargent, "Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment," Brookings Papers on Economic Activity 1973:2, pp. 429-472.
&Oslash; &not;John Taylor, "Staggered Wage Setting in a Macro Model," American Economic Review Papers and Proceedings, May 1979, pp. 108-113.
&Oslash; <st1:City><st1:place>Stanley</st1:place></st1:City> Fischer, "Long-Term Contracts, Rational Expectations and the Optimal Money Supply Rate," Journal of Political Economy, February 1977, pp. 191- 205.
&Oslash; Laurence Ball, "Credible Disinflation with Staggered Price Setting," American Economic Review, March, 1994, pp. 282-289.
&Oslash; <st1:City><st1:place>Carlton</st1:place></st1:City>, Dennis, "The Rigidity of Prices," The American Economic Review, September, 1986, pp. 637-658.
&Oslash; Steven Checchetti, "Staggered Contracts and the Frequency of Price Adjustment," The Quarterly Journal of Economics, Supplement, 1985, pp. 935-959.
&Oslash; David Romer, Advanced Macroeconomics, Chapter 10, "The Dynamic Inconsistency of Low-Inflation Monetary Policy," Sections 10.4-10.5, pp. 478-497.
&Oslash; &not;Robert Barro and David Gordon, "A Positive Theory of Monetary Policy in a Natural Rate Model," Journal of Political Economy, August 1983, pp. 589-610.
&Oslash; John Taylor, "Discretion versus Policy Rules in Practice," Carnegie <st1:City><st1:place>Rochester</st1:place></st1:City> Series on Public Policy, December, 1993, pp. 195-214.
&Oslash; Alberto Alesina and <st1:City><st1:place>Lawrence</st1:place></st1:City> Summers, "Central Bank <st1:City><st1:place>Independence</st1:place></st1:City> and Macroeconomic Performance: Some Comparative Evidence," Journal of Money, Credit and Banking, May, 1993.
&Oslash; Adam Posen, "Central Bank <st1:City><st1:place>Independence</st1:place></st1:City> and Disinflationary Credibility: A Missing Link," Brookings Discussion Papers in International Activity, No. 109, August, 1994.
&Oslash; &not;Robert Shiller, "Why Do People Dislike Inflation?" in Reducing inflation : Motivation and Strategy, edited by Christina D. Romer and David H. Romer. <st1:City><st1:place>Chicago</st1:place></st1:City> : <st1:place><st1:PlaceType>University</st1:PlaceType> of <st1:PlaceName>Chicago</st1:PlaceName></st1:place> Press, 1997. Studies in Business Cycles : No. 30.
<H3 >III. New Keynesian Theories </H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 9.1-9.4,9.9 "Unemployment," pp. 410-432, 453-461.
&Oslash; &not;Janet Yellen, "Efficiency Wage Models of Unemployment,",American Economic Review, May 1984, pp. 200-205.
&Oslash; &not;Carl Shapiro and Joseph E. Stiglitz, "Equilibrium Unemployment as a Worker Discipline Device," American Economic Review, June 1984, pp. 433-444.
&Oslash; George Akerlof and Janet Yellen, "The Fair-Wage Effort Hypothesis and Unemployment," Quarterly Journal of Economics, May 1990.
&Oslash; &not;Gregory Mankiw, "Small Menu Costs and Large Business Cycles: A Macroeconomic Model of Monopoly," Quarterly Journal of Economics, May 1985, pp. 529-537.
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 6, Sections 6.8-6.10, .New Keynesian Economics,. pp. 299-316.
&Oslash; &not;George Akerlof and Janet Yellen, "A Near Rational Model of the Business Cycle, with Wage and Price Inertia,. Quarterly Journal of Economics, September 1985, pp. 823-838.
&Oslash; George Akerlof and Janet Yellen, "Can Small Deviations from Rationality Make Significant Differences to Economic Equilibria?" American Economic Review, September 1985, pp. 708-720.
&Oslash; Olivier Blanchard and Nobihiro Kiyotaki, "Monopolistic Competition and the Effects of Aggregate Demand," American Economic Review, September, 1987, pp. 647-666.
&Oslash; Romer, David and Laurence Ball, .Are Prices too Sticky?. Quarterly Journal of Economics, August 1989, pp. 507-524.
&Oslash; Alan Blinder, "Why are Prices Sticky? Preliminary Results from an Interview Study," American Economic Review, May 1991, pp. 89-100.
&Oslash; &not;Daniel Kahneman, Jack Knetsch and Richard Thaler, "Fairness as a Constraint on Profit Seeking: Entitlements in the Market," American Economic Review, September 1986, pp. 728-741.
&Oslash; &not;Eldar Shafir, Peter Diamond, and Amos Tversky, "On Money Illusion," Quarterly Journal of Economics, May 1997, pp. 341-374.
<H3 >IV. International Economics</H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 5, Section 5.2, .The Open Economy,. pp. 225-234.
&Oslash; J. Marcus Fleming, "Domestic Financial Policies under Fixed and under Floating Exchange Rates," International Monetary Fund Staff Papers, November, 1962, pp. 369-379.
&Oslash; &not;Rudiger Dornbusch, "Expectations and Exchange Rate Dynamics," Journal of Political Economy, December, 1976, pp. 1161-1176.
<H3 >V. Consumption</H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 7, "Consumption," Sections 7.1-7.4, and 7.6, pp. 330-348 and pp. 353-362. 
&Oslash; &not;Milton Friedman, A Theory of The Consumption Function, Chapters I, II, and III, pp. 3-37.
&Oslash; &not;Robert Hall, "Stochastic Implications of the Life Cycle-Permanent Income Hypothesis: Theory and Evidence", Journal of Political Economy, December 1978, pp. 971-987.
&Oslash; Lars P. Hansen and Kenneth J. Singleton, "Generalized Instrumental Variables Estimation of Nonlinear Rational Expectations Models," Econometrica, September 1982, pp. 1269-1286.
&Oslash; Henri Theil, "A Note on Certainty Equivalence in Dynamic Planning," Econometrica, April 1957, pp. 346-349.
&Oslash; Robert Hall and Frederick Mishkin, "The Sensitivity of Consumption to Transitory Income: Estimates from Panel Data on Households," Econometrica, March, 1982, pp. 461-482.
&Oslash; Christopher Carroll, "The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence," Brookings Papers on Economic Activity, 1992:2, pp. 61-156.
&Oslash; Richard Thaler and H. M. Shefrin, "An Economic Theory of Self-Control," Journal of Political Economy, April 1981, pp. 392-406.
&Oslash; Gary Becker and Kevin Murphy, "A Theory of Rational Addiction," Journal of Political Economy, August, 1988, pp. 675-700.
&Oslash; &not;David Laibson, Andrea Repetto and Jeremy Tobacman, .Self-Control and Saving for Retirement," Brookings Papers on Economic Activity, 1998:1, 91-196.
<H3 >VI. Demand for Money and S-s Macroeconomics</H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 6, Section 6.7, "The Caplin-Spulber Model," pp. 296-299.
&Oslash; &not;Merton Miller and Daniel Orr, "A Model of the Demand for Money by Firms", Quarterly Journal of Economics, May 1966, pp. 413-435.
&Oslash; &not;George A. Akerlof, "Irving Fisher on His Head," Quarterly Journal of Economics, May 1979, pp. 169-187.
&Oslash; Andrew Caplin and Daniel Spulber, "Menu Costs and the Neutrality of Money", Quarterly Journal of Economics, November 1987, pp. 703-725.
&Oslash; Andrew Caplin and John Leahy, "State-Dependent Pricing and the Dynamics of Money and Output," Quarterly Journal of Economics, August 1991, pp. 683-708.
&Oslash; &not;Ricardo Caballero, Eduardo Engel, and John Haltiwanger, " Plant-Level Adjustment and Aggregate Investment Dynamics," Brookings Papers on Economic Activity, 1995:2, pp. 1-39.
&Oslash; Stephen Goldfeld, "The Demand for Money Revisited", Brookings Papers on Economic Activity, 1973:3, pp. 577-639.
<H3 >VII. Investment and Capital Theory </H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 8, "Investment," pp. 367-405.
&Oslash; &not;Maurice Obstfeld and Kenneth Rogoff, Foundations of International Macroeconomics, <st1:place><st1:City>Cambridge</st1:City>, <st1:State>MA</st1:State></st1:place>: 1996, pp. 105-124.
&Oslash; Lawrence Summers, "Taxation and Corporate Investment: A q-Theory Approach," Brookings Papers on Economic Activity, 1981:1, pp. 67-127.
&Oslash; &not;Robert J. Shiller, "Do Stock Prices Move Too Much to be Justified by Subsequent
&Oslash; Changes in Dividends?" American Economic Review, June 1981, pp. 421-436.
&Oslash; John Campbell and Robert Shiller, "Cointegration and Tests of Present Value Models," Journal of Political Economy, October, 1987, pp. 1062-1088.
&Oslash; &not;<st1:City><st1:place>Lawrence</st1:place></st1:City> H. Summers, "Does the Stock Market Rationally Reflect Fundamental Values?" Journal of Finance, July 1985, pp. 591-601.
&Oslash; Jeremy Bulow and Kenneth Rogoff, "The Buyback Boondoggle," Brookings Papers on Economic Activity, 1988:2, pp. 675-704.
&Oslash; Olivier Blanchard, "Movements in the Equity Premium," Brookings Papers on Economic Activity, 1993:2, pp.75-138.
&Oslash; William Sharpe, "Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk," Journal of Finance, September, 1964, pp. 425-442.
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 7, Sections 7.5, "Consumption and Risky Assets," pp. 349-353.
&Oslash; Romer, David, "Rational Asset-Price Movements without News," American Economic Review, December, 1993, pp. 1112-1130.
&Oslash; &not;Franco Modigliani and Merton H. Miller, "The Cost of Capital, Corporation Finance and the Theory of Investment," American Economic Review, June 1958, pp. 261-297.
&Oslash; George Akerlof and Paul Romer, "The Economic Underworld of Bankruptcy for Profit," Brookings Papers on Economic Activity, 1993:2, pp. 1-73.
<H3 >VIII. Nature of Unemployment and Other Theories of Unemployment</H3>
&Oslash; &not;David Romer, Advanced Macroeconomics, Chapter 6, Section 6.11, "Co-ordination Failure Models and Real Walrasian Theories,. pp. 316-324 and Chapter 9, Sections 9.5-9.8, pp. 432-453.
&Oslash; Steven Davis and John Haltiwanger, "Gross Job Creation and Destruction: Microeconomic Evidence and Macroeconomic Implications," NBER Macroeconomics Annual, 1990, pp. 123-168.
&Oslash; &not;Richard Nelson and Charles Plosser, "Trends and Random Walks in Economic Time Series: Some Evidence and Implications", Journal of Monetary Economics, September 1982, pp. 139-162.
&Oslash; James Stock and Mark W. Watson, "Variable Trends in Economic Time Series," Journal of Economic Perspectives, Summer 1988, 147-174.
&Oslash; Avner Shaked and John Sutton, "Involuntary Unemployment as a Perfect Equilibrium in a Bargaining Model", Econometrica, November 1984, pp. 1351-1364.
&Oslash; Assar Lindbeck and Dennis Snower, "Cooperation, Harassment and Involuntary Unemployment: An Insider-Outsider Approach", American Economic Review, March 1988, pp. 167-188.
&Oslash; &not;Olivier Blanchard and Lawrence Summers, "Hysteresis and the European Unemployment Problem", NBER Macroeconomic Annual, 1986, pp.15-78.
&Oslash; Michael Burda and Jeffrey Sachs, "Institutional Aspects of High Unemployment in the <st1:place><st1:PlaceName>Federal</st1:PlaceName> <st1:PlaceType>Republic</st1:PlaceType></st1:place> of <st1:country-region><st1:place>Germany</st1:place></st1:country-region>", NBER Working Paper No. 2241, May 1987.
&Oslash; Charles Bean, "European Unemployment: A Survey," Journal of Economic Literature, June, 1994, pp. 573-619. 
&Oslash; &not;Olivier Blanchard and Lawrence Katz, .What We Know and Do Not Know about the Natural Rate of Unemployment,. Journal of Economic Perspectives, Winter, 1997, pp. 51-72.
&Oslash; &not;Peter Diamond, "Aggregate Demand Management in Search Equilibrium", Journal of Political Economy, October 1982, pp. 881-894.
&Oslash; &not;Peter Howitt and Robert Clower, .The Emergence of Economic Organization,. Journal of Economic Behavior and Organization, January 2000, pp. 55-84.
&Oslash; &not;Joseph Stiglitz and Andrew Weiss, "Credit Rationing in Markets with Imperfect Information," American Economic Review, June 1981, pp. 393-410.
&Oslash; Ben Bernanke, "Nonmonetary Effects of the Financial Crisis in the Propagation of the Great Depression," American Economic Review, June 1983, pp. 257-276.
<H3 >IX. Changes in Income Distribution</H3>
&Oslash; &not;<st1:City><st1:place>Lawrence</st1:place></st1:City> F. Katz and Kevin M. Murphy, "Changes in Relative Wages, 1963-1987: Supply and Demand Factors", Quarterly Journal of Economics, February 1992, pp. 35-78.
&Oslash; Chinhui Juhn, Kevin M. Murphy and Brooks Pierce, "Wage Inequality and the Rise in Returns to Skill," Journal of Political Economy, June, 1993, pp. 410-442.
&Oslash; Alan Krueger, "How Computers Have Changed the Wage Structure: Evidence from Microdata, 1984-1989," Quarterly Journal of Economics, February, 1993, pp. 33-60.
&Oslash; John Bound and George Johnson, "Changes in the Structure of Wages during the 1980s: An Evaluation of Alternative Explanations," American Economic Review, June, 1992, pp. 371-392.
&Oslash; Robert Lawrence and Matthew Slaughter, "International Trade and American Wages in the 1980s: Giant Sucking Sound or Small Hiccup?" Brookings Papers on Economic Activity: Microeconomics, 1993:2, pp. 161-226.
George Borjas and Valerie A. Ramey, "Foreign Competition, Market Power, and Wage Inequality," mimeo, U. C. San Diego, September, 1992.