... and I still have not decided what to do. The subject I have been given is "macroeconomic policy"--but repeating any macroeconomic policy syllabus from any year in the past seems like a really stupid thing to do right now.[1]
So let me send out a list of first week's readings--ancient history and culture--to tide the students over...
Week 1: March 17 & 19: In the Shadow of Milton Friedman
- DeLong, "America's Only Peacetime Inflation: the 1970s" http://tinyurl.com/dl20090311h
- DeLong, "Keynesianism, Pennsylvania Avenue-Style" http://tinyurl.com/dl20090311i
- Hicks, "Mr. Keynes and the 'Classics': A Suggested Interpretation" http://www.jstor.org/stable/pdfplus/1907242.pdf
- Samuelson and Solow, "Analytical Aspects of Anti-Inflation Policy" http://tinyurl.com/dl20090311a
- Friedman, "The Effects of a Full-Employment Policy on Economic Stability: A Theoretical Analysis," in Milton Friedman, Essays in Positive Economics (Chicago: Univerity of Chicago Press), p. 117 ff http://tinyurl.com/dl20090311e
- Friedman, "The Role of Monetary Policy" http://www.jstor.org/stable/pdfplus/1831652.pdf
- Tobin, "Friedman's Theoretical Framework" http://tinyurl.com/dl20090311b
- Friedman, "Comment on the Critics" http://tinyurl.com/dl20090311d
- Friedman, "A Theoretical Framework for Monetary Analysis" http://tinyurl.com/dl20090311c
- Hawtrey, "Public Expenditure and the Demand for Labour" http://tinyurl.com/dl20090311f
- Kahn, "The Relation of Home Investment to Unemployment" http://tinyurl.com/dl20090311g
- Romer, Advanced Macroeconomics, ch. 5: 5.1 Aggregate Demand. 5.2 The Open Economy. 5.3 Alternative Assumptions About Wage and Price Rigidity. 5.4 Output-Inflation Tradeoffs. 5.5 Money and Output. 5.6 The Cyclicality of the Real Wage
Problem Set Out: Romer 5.1, 5.3, 5.4, 5.9, 5.14, 5.15, due 30 Mar
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