Brief Outline of Topics Covered in Lecture 21
Chapter 22 - Appendix - The Phillips Curve and the SRAS Curve
The Phillips curve [continued]
- The modern PC (adds supply shocks)
- The modern PC with Adaptive Expectations
- Okun's law and the SRAS
Chapter 23 Monetary Policy Theory [continued]
How active should policymakers be?
Is inflation always a monetary phenomenon?
Causes of inflationary monetary policy
Extra Reading
- How immigration benefits natives - vox
- Inequality and Growth - Jared Bernstein
- A recession without a boom? - Antonio Fatas
- The economic impact of beliefs - Lindau Blog
- Making Sense of Friedrich A. von Hayek - Brad DeLong
- U.S. Labor Force: Where Have All the Workers Gone? - IMF Blog
- ‘No more bank bailouts’ cannot be an empty slogan - FT.com
- The economy of bitcoins - EurekAlert
- Should I buy or should I sell? - Cecchetti & Schoenholtz
- The US manufacturing base is surprisingly strong - vox
- More Evidence Supporting the House of Debt - House of Debt
- Monetary policy transmission via balance sheets: Evidence from Japan - vox
- Economic Gains Likely to Tighten Job Market, Push Up Wages - Dallas Fed
- The status of women in India - Understanding Society
- Dodd-Frank: Unfinished and Unstarted Business - Tim Taylor
- The Hamburg Crisis of 1799 - Liberty Street Economics
