Articles for Section Student Oral Presentations, Sections 5, 6, 7, 8

Section 5: excess supply, inflation, and expectations:

1. Alan Blinder and Jeremy Rudd, "The Supply-Shock Explanation of the Great Stagflation Revisited" http://www.nber.org/papers/w14563

2. Olivier Blanchard, "The Lucas Critique and the Volcker Deflation" http://www.nber.org/papers/w1326.pdf

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Section 6: central banking and stabilization policy:

1. J. Bradford DeLong, "Review of Alan Greenspan, The Age of Turbulence" http://delong.typepad.com/sdj/2007/09/los-angeles-tim.html ; and "The Republic of the Central Banker" http://www.prospect.org/cs/articles?article=republic_of_the_central_banker

2. "The Crude Art of Policymaking: How Should Central Banks Respond to a Rise in Oil Prices?" Economist (June 10, 2004) http://www.economist.com/node/2747507 ; "Hyperinflation: Our Mutual Friend," The Economist (Apr 12, 2007) http://www.economist.com/node/9009086?story_id=9009086 ; "Desperate Times in Zimbabwe," The Economist (Jul 11, 2007) http://www.economist.com/node/9466417?story_id=9466417 ; "What Can You Do with a Zimbabwean Dollar?" The Economist (Jul 26, 2010) http://www.economist.com/blogs/freeexchange/2010/07/inflation_zimbabwe

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Section 7: government budget accounting and the U.S. long-term fiscal gap:

1. Congressional Budget Office, "2010 Long-Term Budget Outlook" http://www.cbo.gov/doc.cfm?index=11579

2. William Gale and Peter Orszag, "The Budget Outlook" http://www.bepress.com/ev/vol1/iss2/art6/

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Section 8: international economics: background on exchange rates; imports, exports, and balancing money and reserve flows:

1. "The real picture: The euro area may have a single currency, but it still has many different real exchange rates," Economist (Feb 17th 2005) http://www.economist.com.hk/research/articlesBySubject/displaystory.cfm?subjectid=348930&story_id=E1_PGGGVQQ&source=login_payBarrier&CFID=134871090&CFTOKEN=77935876 ; Daniel Abraham (2007), "The Cambist and Lord Iron: A Fairy Tale of Economics" pp. 133-142 http://issuu.com/spectra/docs/cambistandlordiron (ac. June 7, 2010)

2. The Euro Crisis, The Economist: "Germany vs. Greece" http://www.economist.com/blogs/charlemagne/2010/04/euro_crisis_0 ; "Europe's 750 billion euro bazooka" http://www.economist.com/blogs/charlemagne/2010/05/euro_crisis_2 ; "It's Angela Merkel's euro-party, and she'll cry if she wants to" http://www.economist.com/blogs/charlemagne/2010/06/euro_crisis