Read Essentials, chapter 14 "Aggregate Demand and Aggregate Supply", 15 "Fiscal Policy"
M Mar 31: Aggregate Supply and Aggregate Demand
W Apr 2: Getting to Where We Are:
- Administrivia
- Summing-Up the Income-Expenditure Framework II
- Origins of the Lesser Depression
- Problem Set 4 due: National Income Accounting and the Circular Flow
- Problem Set 5 out: Macroeconomics
Section 10:
Further Reading:
- Alan Blinder, After the Music Stopped
- Paul Krugman (1998): Baby-Sitting the Economy
- Joan Sweeney and Richard James Sweeney (1977): Monetary Theory and the Great Capitol Hill Baby Sitting Co-op Crisis
Further Further Reading:
- DeLong, Summers, and Ball: Fiscal Policy and Full Employment http://delong.typepad.com/sdj/2014/04/brad-delong-larry-summers-and-laurence-ball-wednesday-focus-april-2-2014-over-at-cbpp-full-employment-project-and-the.html
- Janet Yellen: What the Federal Reserve Is Doing to Promote a Stronger Job Market http://www.federalreserve.gov/newsevents/speech/yellen20140331a.htm
