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Economics 205B: Advanced Macroeconomic Theory

Winter 2008


Backus, D.K. and P.J. Kehoe, "International Evidence on the Historical Properties of Business Cycles," American Economic Review, 82 (4), Sept. 1992, 864- 888.
Backus, D. K. and P. J. Kehoe, and F. E. Kydland, "International Real Business Cycles," Journal of Political Economy, 100 (4), Aug. 1992, 745-775.
Barlevy, G. "The Cost of Business Cycles and the Benefits of Stabilization: A Survey", NBER Working Paper No. 10926, Nov. 2004.
Baxter, M. and R. King, "Fiscal Policy in General Equilibrium," American Economic Review 83 (3), June 1993, 315-334.
Bernanke, B. S., "What Have We Learned Since October 1979?, Federal Reserve Bank of St Louis Review
Blanchard, O., "What Do We Know About Macroeconomics?.
Bullard, J. and K. Mitra, "Learning about Monetary Policy Rules," Journal of Monetary Economics, 49 (6), Sept. 2002, 1105-1129.
Burnside, C., M. Eichenbaum, and S. Rebelo, "Labor Hoarding and the Business Cycle," Journal of Political Economy, 1993, 101, 245-273.
Campbell, J., "Inspecting the Mechanism: An Analytical Approach to the Stochastic Growth Model," Journal of Monetary Economics, 33, no. 3 (June): 463-506
Canzoneri, M. B., R. E. Cumby, and B. T. Diba, "The Cost of Nominal Inertia in NNS Models", NBER Working Paper No. 10889, Nov. 2004.
Christiano, L. J. and T. J. Fitzgerald, "Understanding the Fiscal Theory of the Price Level," NBER Working Paper No. 7668, April 2000.
Christiano, L. and M. Eichenbaum, "Current Real Business Cycle Theories and Aggregate Labor-Market Fluctuations," American Economic Review , June 1992, 430-450.
Christiano, L. and M. Eichenbaum, "Liquidity Effects and the Monetary Transmission Mechanism," American Economic Review, May 82 (2), 1992, 346-353.
Christiano, L., M. Eichenbaum, and C. Evans, "Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy," JPE forthcoming.
Clarida, R., J. Gali, and M. Gertler, "The Science of Monetary Policy: A New Keynesian Perspective," J. of Economic Perspectives 37(4), 1999, 1661-1707.
Gali, J., M. Gertler, and D. Lopez-Salido, "Markups, Gaps, and the Welfare Costs of Business Fluctuations" NBER Working Paper No. 8850, March 2002.
Gali, J. and P. Rabanal, "Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit the Postwar U.S. Data?", NBER Macroeconomic Annual 2004.
Goodfriend, M, "Monetary Policy in the New Neoclassical Synthesis: A Primer," FRB Richmond Quarterly Review, 90/3, Summer 2004.
Hartley, J., K. Hoover, and K. Salyer, "A User's Guide to Solving Real Business Cycle Models.
King, R.G., " Quantitative Theory and Econometrics," Federal Reserve Bank of Richmond Economic Quarterly, 81 (3), Summer 1995, 53-105.
McCallum, B. T. and E. Nelson, "An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis," Journal of Money, Credit, and Banking, 31(3), pt. 1, Aug. 1999, 296-316.
Romer, C and D. Romer, "Changes in Business Cycles: Evidence and Explanation," NBER Working Paper No. 6948, Feb. 1999.
Taylor, J.B., "Aggregate Dynamics and Staggered Contracts," Journal of Political Economy, 88 (1), 1980, 1-24.
Walsh, C., "Robustly Optimal Instrument Rules and Robust Control: An Equivalence Result," J. of Money, Credit, and Banking, Dec. 2004.
Woodford, Mike, "Revolution and Evolution in 20th Century Macroeconomics," June 1999.


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Advanced Macro Theory / UCSC / walshc@ucsc.edu