Romer, David (1996), Advanced Macroeconomics, McGraw-Hill.
Blanchard, Olivier Jean and Stanley Fischer (1989), Lectures in Macroeconomics, MIT Press
Maurice Obstfeld and Kenneth Rogoff, "Foundations of International macroeconomics",
Students interested in macroeconomics as a field are encouraged to purchase some of these. Each book covers some of the relevant material, and the reading list highlights places where the treatment most closely matches that of the lectures.
Course Outline and Reading List
Consumption and Savings
Blanchard and Fischer, Section 6.2 and 10.1
Romer, Chapter 7
Modigliani, Franco (1986), “, 76, pp.297 – 313
Expectations and Economic Dynamics
Nerlove, Mark (1958), “”, Quarterly Journal of Economics, 72, pp. 227 – 240.
Muth, John (1961), “”, Econometrica 29, pp. 315 – 335.
Blanchard and Fischer, Section 5.1, Appendix to Chapter 5, Section 10.4
Barksy, Robert and J. Bradford De Long (1993), “” The Quarterly Journal of Economics, 108, pp. 291-311
Techniques:
Blanchard, O., and C. M. Kahn (1980) “”, Econometrica, 48, 1305-1313.
Sims, Chris (2000), “Solving Linear Rational Expectations Models”, unpublished manuscript, Princeton University.
Real Business Cycle Theory
Books: Handbook of Macroeconomics
Plosser, Charles (1989), “”, Journal of Economic Perspectives.
King, Robert, Charles Plosser and Sergio Rebelo (1988), “Production, Growth and Business Cycles: I. The Basic Neoclassical Growth Model”, Journal of Monetary Economics, 21, pp. 195-232.
Kydland, Finn and Edward Prescott (1982), “,” Econometrica, 50, pp. 1435-70.
Gali, Jordi (1999), “,” American Economic Review, 249, pp.271-
Gali, Jordi and Pau Rabanal (2004), “Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Data?,” NBER Macroeconomics Annual.
Open economy macroeconomics
Maurice Obstfeld and Kenneth Rogoff, "Foundations of International macroeconomics", 1996. Ch 1, 2, 3
Ju, Jiandong, Kang Shi, and Wei, Shang-Jin, 2014, "On the Connection between Intra-temporal and Intertemporal Trades", Journal of International Economics, vol.92, s36-51
Chamon, Marcos, and Eswar Prasad, 2010, "Why Are Saving Rates of Urban Households in China Rising?" American Economic Journal -- Macroeconomics, 2 (1): 93-130.
Du, Qingyuan, and Wei, Shang-Jin, 2013, "A Theory of Competitive Savings Motive", Journal of International Economics, vol. 91(2), pages 275-289
Wei, Shang-Jin, and Xiaobo Zhang, 2011, "The Competitive Saving Motive: Evidence from Rising Sex Ratios and Savings Rates in China," Journal of Political Economy, 119(3): 511-564.
Du, Qingyuan, Wei, Shang-Jin and Peichu, Xie, 2013, "Roads and the Real Exchange Rate", NBER working paper w19291
