Preliminary reading list for the part of Macro II given by John Hassler.
Articles
and chapters marked with an asterisk (*) may be read less intensively than the
others.
Trends vs. Cycles,
Co-movements, VAR
·
Chapter
10:1-2 in Per Krusell’s lecture notes
·
Stock,
J., and M. Watson. "Vector Autoregressions."
JEP 15, no. 4 (Fall 2001): 101-115. (PDF)
·
Stock,
J., and M. Watson. "Business Cycle Fluctuations in
·
Ravn, M. and H. Uhlig,
“On Adjusting the Hodrick-Prescott Filter for the
Frequency of Observations”, Review of Economics and Statistics, May 2002, v. 84
(PDF)
·
*Hassler et al., (1992), “The Swedish Business Cycle:
Stylized facts over 130 years.”, Appendix 2-3, IIES Monograph series, No 22. (PDF)
b) The RBC model with
endogenous labor supply
Model setup and
solution, Calibration, Does it fit the facts?
·
Chapter
8+10 in Per Krusell’s lecture
notes
·
Prescott,
E. C. "Theory Ahead of Business Cycle Measurement." Quarterly Review
10, no. 4 (Fall 1986): 9-22. (PDF)
·
"Finn
Kydland and Edward Prescott’s Contribution to Dynamic
Macroeconomics." Advance Information on the Bank of
·
“Empirical
Macroeconomics - Tomas J. Sargent and
Christopher A. Sims”, Scientific Information on the Bank of
·
*King,
R., and S. Rebelo. "Resuscitating Real Business
Cycles." Chapter 14 in Handbook of Macroeconomics. Vol. 1B.
Edited by J. Taylor and M. Woodford.
·
*David
N. DeJong & Chetan
Dave, “Structural Macroeconometrics”, (Second
Edition), Princeton University Press, (PDF)
c) New Keynesian models
Model setup and solution,
·
*Gali, Jordi, “Monetary Policy, Inflation and the Business
Cycle”, Princeton University Press.