{"id":965,"date":"2022-07-14T12:47:58","date_gmt":"2022-07-14T10:47:58","guid":{"rendered":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/?page_id=965"},"modified":"2022-07-14T12:48:02","modified_gmt":"2022-07-14T10:48:02","slug":"macroeconomics-3","status":"publish","type":"page","link":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/macroeconomics-3\/","title":{"rendered":"Macroeconomics"},"content":{"rendered":"

(1) Some simple models with forward looking behaviour.<\/strong><\/p>\n

– IS-LM and Rational Expectations: the Blanchard model: Blanchard & Fischer, Ch. 10<\/p>\n

– Exchange Rates: the Dornbusch model: Blanchard & Fischer, Ch. 10, Sect. 10.4<\/p>\n

 <\/p>\n

(2)\u00a0 Permanent Income Theory of Consumption.<\/strong><\/p>\n

– Blanchard & Fischer (1989): Par.5.1, p.214-221, Ch.5.<\/p>\n

– Bagliano & Bertola (2004): Ch.1: available online at: http:\/\/www.oup.co.uk\/pdf\/0-19-926682-4.pdf<\/p>\n

 <\/p>\n

(3) Building blocks for Growth Theory:<\/strong> the Ramsey Model<\/strong> and the Overlapping Generations Model (OLG)<\/strong>.<\/p>\n

– Barro & Sala-I-Martin (1995): Economic Growth<\/em>, McGraw-Hill: Mathematical Appendix: Sect.1.3, p.498-510.<\/p>\n

– Blanchard & Fischer (1989): Sect.2.1, Ch.2. (Ramsey model).<\/p>\n

– Blanchard & Fischer (1989): Sect.3.1., Ch.3.<\/p>\n

– Romer (2012), Advanced Macroeconomics (4th<\/sup> edition)<\/em>, Ch.2, Part B (the Diamond model): p.77-92.<\/p>\n

 <\/p>\n

(4) Monopolistic Competition and Nominal Rigidities.<\/strong><\/p>\n

– Blanchard & Fischer (1989), Lectures on Macroeconomics, Ch. 8, Sect. 8.1 (simplified version of the Blanchard-Kiyotaki model)<\/em><\/p>\n

– Akerlof and Yellen (1985), “A Near-Rational Model of the Business Cycle with Wage and Price Inertia”, Quarterly Journal of Economics<\/em>, p. 823 – 838<\/p>\n

–\u00a0 Romer (2012), Advanced Macroeconomics (4th<\/sup> edition)<\/em>, Ch. 6, Part C: Sect. 6.5, 6.6, 6.7.<\/p>\n

 <\/p>\n

(5) Introduction to Vector Autoregression (VAR) and DSGE Models.<\/strong><\/p>\n

– Identifying the impact of money shocks: some hints on VAR analysis:\u00a0 M. Enders, Sects. 5.5-5.8<\/p>\n

– The standard New Keynesian DSGE Model:\u00a0 Walsh (2017), Ch. 8.<\/p>\n

 <\/p>\n

(6) Asset Equations and the Labour Market: Efficiency Wages & Matching.<\/strong><\/p>\n

– Shapiro & Stiglitz (1984), \u201cEquilibrium unemployment as a worker discipline device\u201d, American Economic Review<\/em>, p.433-444.<\/p>\n

– Romer (2012), Advanced Macroeconomics (4th<\/sup> edition)<\/em>, Cap 10, Sect. 10.4.<\/p>\n

– Romer (2012), Advanced Macroeconomics (4th<\/sup> edition)<\/em>, Cap 10, Sect. 10.6.<\/p>\n

 <\/p>\n

 <\/p>\n

Main Textbooks:<\/strong><\/p>\n

(1)<\/strong> Blanchard & Fischer (1989), Lectures on Macroeconomics<\/em>, MIT Press<\/p>\n

(2)<\/strong> D.Romer (2012), Advanced Macroeconomics (4th<\/sup> edition)<\/em>, McGraw-Hill<\/p>\n

(3) <\/strong>Bagliano & Bertola (2004), Models for Dynamic Macroeconomics<\/em>, OUP<\/p>\n

(4) <\/strong>Walsh (2017), Monetary Theory and Policy (4th<\/sup> edition)<\/em>, MIT Press<\/p>\n

(5) <\/strong>W. Enders (1995), Applied Econometric Time Series: User’s Guide<\/a><\/em>, Wiley<\/p>\n

 <\/p>\n

Problem sets will be distributed during the lectures. Exercises will be corrected in classes.<\/p>\n","protected":false},"excerpt":{"rendered":"

(1) Some simple models with forward looking behaviour. – IS-LM and Rational Expectations: the Blanchard model: Blanchard & Fischer, Ch. 10 – Exchange Rates: the Dornbusch model: Blanchard & Fischer, Ch. 10, Sect. 10.4   (2)\u00a0 Permanent Income Theory of Consumption. – Blanchard & Fischer (1989): Par.5.1, p.214-221, Ch.5. – Bagliano & Bertola (2004): Ch.1: … Leggi tutto “Macroeconomics”<\/span><\/a><\/p>\n","protected":false},"author":8,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-965","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/pages\/965","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/comments?post=965"}],"version-history":[{"count":1,"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/pages\/965\/revisions"}],"predecessor-version":[{"id":966,"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/pages\/965\/revisions\/966"}],"wp:attachment":[{"href":"https:\/\/docenti-deps.unisi.it\/albertodalmazzo\/wp-json\/wp\/v2\/media?parent=965"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}