ADVANCED MACROECONOMICS

Announcements

Revision lecture - Part 1

Revision lecture - Part 2

Revision lecture - Part 3

Gali (2015) Monetary policy, inflation and the business cycles

Lavoie (2014) Post-Keynesian economics: new foundations

Godley-Lavoie (2012) Monetary economics

Romer (2012) Advanced macroeconomics

Taylor (2004) Reconstructing macroeconomics

Lavoie (2014) Chapter 4-Credit money and central banks

AS1 - 15th August 2022 Resubmission

AS1

Assignment

Assignment - Video

Mock exam

2020-21 exam paper

Topic 1: Contemporary macroeconomic policies and the climate crisis

Pre-recorded Lecture 1 - Slides

Pre-recorded Lecture 1 - Video

Live Lecture 1 - Slides

Live Lecture 1 - Video

Tutotial 1 - Questions

Tutorial 1 - Answer for Question 1

DellArricia et al (2018) Unconventional monetary policies

IMF (2020) Fiscal policies to address the pandemic

IMF (2020) Unconventional monetary policies in EMDEs

King-Tarbert (2011) Basel III-an overview

Krogstrup-Oman (2019) Macroeconomic and financial policies for climate change

Bank of England (2021) Options for greening the CBPS

Berenguer et al (2020) Integrating climate-related risks

Campiglio et al (2018) Climate change challenges

Dafermos et al (2020) Decarbonising the ECB QE

Dikau et al (2020) Climate change and central banks

European Com (2020) Taxonomy Report

Hanson et al (2011) A macroprudential approach to financial regulation

Hepburn et al (2020) COVID-19 fiscal recovery and climate change

IMF (2020) Mitigating climate change

Joyce et al (2011) The UK quantitative easing policy

Kuttner (2018) Ouside the box

Lavoie-Fiebiger (2018) Unconventional monetary policies

Stockhammer et al (2019) Demand effects of fiscal policy since 2008

Stubbs et al (2020) The global safety net COVID-19 and developing countries

UNCTAD (2020) Recovering better-Expanding the space for fiscal policy

Topic 2: DSGE modelling I

Pre-recorded Lecture 2 - Slides

Pre-recorded Lecture 2 - Video

Live Lecture 2 - Slides

Live Lecture 2 and Tutorial 1 - Video

Tutorial 2 - Questions

Tutorial 2 - Answers

Costa-Junior-Garci-Cinanto (2018) Teaching DSGE models

Gali (2015) Monetary policy inflation and the business cycle-Ch. 2

Gali (2015) Monetary policy inflation and the business cycle-Ch. 3

Romer (2012) Advanced Macroeconomics-Ch. 5

Dullien (2009) The new consensus from a traditional Keynesian and post-Keynesian perspective

Linde et al (2016) Challenges for central banks macro models

Smets-Wouters (2007) Shocks and frictions in US business cycles

Wren-Lewis (2018) Ending the microfoundations hegemony

Topic 3: DSGE modelling II

Pre-recorded Lecture 3 - Slides

Pre-recorded Lecture 3 - Video

Live Lecture 3 - Slides

Live Lecture 3 and Tutorial 2 - Video (Part A)

Live Lecture 3 and Tutorial 2 - Video (Part B)

Tutorial 3

Tutorial 3 - Files

Tutorial 3 - Video

Fagiolo-Roventini (2017) Macroeconomic policy in DSGE and ABM models

Gali (2018) The state of New Keynesian economics

Gertler-Kiyotaki (2011) Financial intermediation and credit policy

Jakab-Kumhof (2018) Banks are not financial intermediaries

Engler-Tervala (2016) Hysteresis and fiscal policy

Gelain et al (2019) Inflation dynamics and adaptive expectations

Gertler-Karadi (2011) A model of unconventional monetary policy

Gertler-Kiyotaki (2015) Banking liquidity and bank runs

Stiglitz (2018) Where modern macroeconomics went wrong

Storm (2021) Why the DSGE models are not the future of macroeconomics

Topic 4: SFC modelling

Pre-recorded Lecture 4 - Slides