A Lecture Plan on Advanced Macroeconomics

Ryoichi Imai

International Student Center, Kyushu University

2002/10/04

The list below contains only the materials 

which were directly discussed in the class. 

For a more detailed Reading List, Click here.

Books

  1. Aghion, Philippe, and Peter Howitt [1998], Endogenous Economic Growth, MIT Press.

  2. Barro, Robert J., and Xavier Sala-i-Martin [1995], Economic Growth, MIT Press.

  3. Blanchard, Olivier, and Stanley Fisher [1989], Lectures on Macroeconomics. MIT Press.

  4. Jones, Charles I. [1998], Introduction to Economic Growth, Norton.

  5. Obstfeld and Rogoff [1996], The Foundations of International Macroeconomics, MIT Press

  6. Pissarides, Christopher A. [2000], Equilibrium Unemployment Theory, 2nd Edition, MIT Press.

  7. Romer, David [2001], Advanced Macroeconomics, Second Edition, McGraw-Hill.

  8. Saint-Paul, Gilles [2000], The Political Economy of Labour Market Institutions, Oxford University Press.

Part I

The Intertemporal Approach

  1. Obstfeld and Rogoff [1996], Ch.1, pp.5-39.

The Solow Growth Model

  1. Romer [2001], Ch.1, pp.9-22.

  2. Obstfeld and Rogoff [1996], Ch.4, pp.200-216.

The Ramsey Model

  1. Blanchard and Fisher [1989], Ch. 2, pp.38-58.

  2. Romer [2001], Ch.2, pp.47-74.

Endogenous Growth Theories

  1. Romer [2001], Ch.3. pp.99-107, 126-132.

Overlapping Generation Models

  1. Blanchard and Fisher [1989], Ch. 3, pp.91-104, 110-126.

Part II

Engines of Economic Growth 

  1. Hayashi, Fumio and Edward C. Prescott [2000], The 1990s in Japan: A Lost Decade, Working Paper 607, Federal Reserve Bank of Minneapolis.

  2. Lucas, Jr., Robert E. [1993], Making a Miracle, Econometrica, vol.61. no.2, 251-272.

  3. Prescott, Edward C. [1998], Needed: A Theory of Total Factor Productivity, International Economic Review, 39(3), 525-551.

The Transitional Dynamics of the Neoclassical Growth Models

  1. Barro and Sala-i-Martin [1995], Chapter 2.

More on Endogenous Growth Theories

  1. Agion and Howitt [1998], Ch.2.

  2. Jones, Charles I. [1995], R&D-Based Models of Economic Growth, Journal of Political Economy, 103, 759-84.  

Growth and Unemployment

  1. Agion and Howitt [1998], Ch.4.

Growth and Inequality

  1. Aghion and Howitt [1998], Ch.9.

  2. Aghion, Philippe, and Patrick Bolton [1997], A Theory of Trickle-Down Growth and Development, Review of Economic Studies, 64, 151-172.

  3. Alesina, Alberto, and Dani Rodrik [1994], Distributive Politics and Economic Growth, Quarterly Journal of Economics, 465-490.

  4. Matsuyama, Kiminori [2000], Endogenous Inequality, Review of Economic Studies, 743-759.

Job Search and Labor Markets

  1. Pissarides [2000], Ch. 2, Ch.3, and Ch.4.

Monetary Policy in Dynamic Macroeconomic Models

  1. Benhabib, Jess, Stephanie Schmitte-Grohe, and Martin Uribe [2002], Avoiding Liquidity Traps, Journal of Political Economy, 110(3), 535-563.

  2. Burnside, Craig, Martin Eichenbaum, and Sergio Rebelo [2001], Prospective Deficits and the Asian Currency Crisis, Journal of Political Economy, 109(6), 1155-1197.