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Macro Exam2025 Info

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Writing an Essay and notes on the Assignments

Academic Integrity Module

Assignment 1 (AS1) 2024/25

Assignment 2 (AS2) 2024/25

Assessment

ECO-15PECC005-A24/25-Macroeconomics-May24/25

ECO-August25-Macroeconomics-15PECC005-A24/25

SOAS Careers

Topic 1 Week 1: Macro Introduction

Modelling fads

Economic Models

Toporowski and Mitchell SFC

Topic 2 Week 2: Macroeconomic Paradoxes

Week 2 Topic 2 Pre-recorded class

Lavoie 2014

Skott on Microfoundations

Critique of Austerity

Kitromilides 2011

Rossi Ronchon 2016

Wray 2011

Mathematical elaboration of some paradoxes

Topic 3 Week 3: Keynes and the Neoclassical Synthesis

Pre-recorded class week 3 topic 3 Keynes and the Classics

PGT Macro Lecture 3 Prerecorded

topic 3 post-recorded (end of cass)

Hillier B. (1991) The Macroeconomic debate -- ch. 1 and 2

Fine, B. and Dimakou, O. (2016) Macroeconomics. A critical companion -- Chapter 3

Keynes, J.M (1937) The General Theory of Employment

Trevithick 1992

Coddington

Fine, B. and Dimakou, O. (2016) Macroeconomics. A critical companion -- Chapter 5.1, 5.2

Topic 4 Week 4: Monetarism and New Classical Economics

Pre-recorded class Topic 4 Monetarism

Topic 4 POST-recorded end of Lucas model and NCE

Snowdon, B. and Vane, H. (2005). Modern Macroeconomics. Ch. 4 and 5

Fine, B. and Dimakou, O. (2016) Macroeconomics. A critical companion -- Chapter 8

Galbraith, J. (1997) Time to ditch the NAIRU

Goutsmedt, A. (2017) Stagflation and the crossroad in macroeconomics: the struggle between structural and New Classical macroeconometrics

De Vroey, M. (2010) Lucas on the Lucasian Transformation of Macroeconomics: An Assessment.

Rudd, Jeremy B. (2021). “Why Do We Think That Inflation Expectations Matter for Inflation? (And Should We?),”

Topic 5 Week 5: Monetary Policy in NCE and RBCT

Topic 5 class recording

Topic 5 pre-recorded Monetary Policy in NCE

Video: Mario Seccareccia: Does inflation targeting make the poor poorer?

Snowdon, B. and Vane, H. (2005): Modern Macroeconomics -- Ch. 5.5

Forder, J. (1998). Central Bank Independence -- Conceptual Clarifications and Interim Assessment.

Bibow (2010) A Post Keynesian Perspective on the Rise of Central Bank Independence: A Dubious Success Story in Monetary Economics

Thiruvadantai 2019 Inflation Targeting: Exorbitant Costs, Meager Benefits

Week 7 - External Lecturer

Atiur Rahman Innovations in Monetary Policy Lecture Slides

Epstein 2013 Developmental Central Banking

Topic 6 Week 8: New Consensus Macro and the 3 equation model

Topic 6 pre-recorded

Gali, J. (2008). Monetary Policy, Inflation, and the Business Cycle. Ch 1

Gali, J. (2008). Monetary Policy, Inflation, and the Business Cycle. Ch 8

Fine, B. and Dimakou, O. (2016) Macroeconomics. A critical companion -- Chapter 10

Goodfriend, M. and King, R. G. (1997). The new neoclassical synthesis and the role of monetary policy. NBER Macroeconomics Annual

Buiter, W. (2009). The unfortunate uselessness of most ‘state of the art’ academic monetary economics

Krugman, P. (2009). How did economists get it so wrong?

Woodford, M. (2010). Financial intermediation and macroeconomic analysis

Article on History of Inflation Targeting and the FED

Topic 7 Week 9: Debt Deflation from Fisher to Koo

topic 7 pre-recorded class

Toporowski (2020) Credit and Crisis from Marx to Minsky, Ch. 5-7

Bezemer (2020) Credit Cycles in Toporowski &amp; Michell (eds.) Handbook of Critical Issues in Finance, Ch. 10

Davanzati &amp; Pacella (2014) Thorstein Veblen on credit and economic crises

Davanzati Pacella 2014 pdf

Fisher (1933) The Debt-Deflation Theory of Great Depressions

Marx (1867) Capital Vol. III

Veblen (1904) The Theory of Business Enterprise Ch. 7

Koo 2023 Podcast

Koo Podcast transcript

Koo (2011) The world in balance sheet recession: causes, cure, and politics

Koo (2014) Balance sheet recession is the reason for ‘secular stagnation’

Stenfors &amp; Toporowski (2020) Unconventional Monetary Policy and Financial Stability. The Case of Japan

Congdon (2010)

Bezemer (2020) Credit Cycles in Toporowski & Michell (eds.) Handbook of Critical Issues in Finance, Ch. 10

Davanzati & Pacella (2014) Thorstein Veblen on credit and economic crises

Stenfors & Toporowski (2020) Unconventional Monetary Policy and Financial Stability. The Case of Japan

Financial crises (ch. 13) and Financialisation (ch. 17) (2020) in Toporowski & Michell (eds.) Handbook of Critical Issues in Finance, Ch. 38

Venugopalan (2020) Quatitative Easing in Toporowski & Michell (eds.) Handbook of Critical Issues in Finance, Ch. 38

Michell & Toporowski (2019) Can the Bank of England Do It?

Montecino & Epstein (2015) Did Quantitative Easing Increase Income Inequality?

Toporowski & Jump (2020) The COVID-19 Bailout and its Financing Dilemmas