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雷达卡
宏观经济学学习文献
内容包括：
1. Part I. What to study?
1.1. Lucas’s calculation.
1.2. Difficulties in pricing risk as a caveat to Lucas.
1.3. The nature of time series data as a caveat to Lucas.
2. Part II. Growth.
2.1. Growth and development facts.
2.2. A problem with growth via transition dynamics
2.3. Industrial revolution
2.4. Human capital and external effects.
2.5. Two optimists and a pessimist.
3. Part III. Efficiency.
3.1. Dynamic inefficiency.
3.2. Financial market frictions.
3.3. Endogenous debt constraints.
3.4. Time consistency in policy choice.
3.5. Capital taxation.
3.6. Inflation as a tax.
3.7. Microfoundations of money.
4. Part IV. Fluctuations.
4.1. Technology-shock-driven business cycles.
4.2. The nature of technology shocks.
4.3. Labor market frictions.
4.4. Home production.
4.5. The legacy of Friedman and Schwartz.
4.6. Woodford’s “new monetarist” model.
4.7. Stabilization policy.
4.8. Learnability for policy rule selection.
4.9. Global dynamics and Taylor’s rule.
下面是其中的一部分：
Monday, January 26.
Lucas, R. 1987. Models of Business Cycles, Part III, pp. 20-31. Excerpt
from the Yrjo Jahnsson lectures. Basil-Blackwell.
Candidate exam question.
In what sense might economic fluctuations be viewed as a second-order
issue for macroeconomics?
Background material.
Chatterjee, S. 2001. Why does countercyclical monetary policy matter?
Business Review, Federal Reserve Bank of Philadelphia, Second Quarter.
Lucas, Robert E., Jr. 2003. Macroeconomic priorities. American Economic
Review, March, pp. 1-14.
Related papers.
Chatterjee, S., and D. Corbae. 2000. On the welfare gains of reducing the
likelihood of economic crises. Working paper, Federal Reserve Bank of
Philadelphia and University of Texas.
Dolmas, J. 1999. Risk preferences and the welfare cost of business cycles.
Review of Economic Dynamics 1: 646-676.
Gali, J., M. Gertler, and J-D. Lopez-Salido. 2003. Markups, gaps and the
welfare costs of business fluctuations. Working paper, CEPR.
Krusell, P. and A. Smith. 1999. On the welfare effects of eliminating
business cycles. Review of Economic Dynamics 2: 245-272.
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