Internet bookshop: Ad Libris            

NEW 20 October: Results for all assignments are posted on my door. Assignment 3 in box outside my door.
NEW 16 October:  Chapter 22 will not be part of the exam. Chapter 21: read up to and including page 647.
NEW 16 October:  New XLS file: Adaptive expectations (contains 4 sheets, one on: adaptive = rational expectations when x follows IMA(1) process) (Muth 1960: introduction of term "rational expectations").
NEW 15 October:  I have distributed selected answers to exercises in IAM.
NEW 14 October:  Modified AD-AS.XLS and modified exercise   

Homework
General advice for exercises

Assignment 1.  Hand in by Wednesday 9 September. Data: IAM exercise 4.3 and 4.4.xls
Assignment 2, part 1: Solve exercises 1, 2, an 8 in chapter 12. (Part 2 will be handed out on Tuesday). part 2: Solve exercise 1 in chapter 13. Hand in by Wednesday 23 September.
Assignment 3: Solve exercises 15.4.8 (the simulation part), 15.5, and 16.5. Hand in Friday 9 October.

Typos
Typos in IAM acc. to authors            Additional typos in IAM acc. to authors

Powerpoint
Chapter 12    Chapter 13    Chapter 15    Chapter 16    Chapter 17     Chapter 18    Chapter 19    Chapter 20

Suggested exercises: See Course plan

Texts
Growth rate rules, ln-rules and quick excel guide
Housing demand curve derivation
Representations of the dynamic AD-AS model
Derivation of eq. 51 and 53 in chapter 21
Practical macroeconomic Ch 2, figures
If you wish to know more about trends and time series models: Practical macroeconomics Ch 4 (optional)
A brief history of stochastic simulation (2 pages)
Three mostly verbal articles from the Journal of Economic Perspectives: Plosser: "Understanding Business cycles" (proRBC), Mankiw: "Real Business Cycles: A New Keynesian perspective" (antiRBC), Romer: "New Keynesian Economics" (earlier, less technical version of Romer ch 6).
Theoretical regression coefficient in consumption regression
David Hume  "Of Money"

Excel files
Macro data XLS
AD-AS.XLS
Simple RBC model using Solow model
Trend methods (and Hodrick-Prescott): Trends
Stochastic difference equations: AR(1) and AR(2), Humpshape AR(2), ARIMA (optional), Beveridge-Nelson decomposition (optional)
Paul Samuelson's Multiplier-accelerator model
Consumption smoothing and the consumption function
Two-period model for consumption (note three sheets!)
Efficiency wage
Barro-Gordon 1983 Time consistency
Housing simulation (IAM exercise 15.4 and 15.5)    Instruction
Adaptive expectations 

Old exams with High Pass
January 2008, February 2008

Links
Introducing Advanced Macroeconomics    Makrolänkar (KF)    Real business cycles    NBER cycle page    Nobel prizes    Greek alphabet

Last updated: 2009-10-20
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