There are no textbooks for the course. However, I shall use material from:
-
Blanchard, O. and S. Fischer, Lectures on Macroeconomics, MIT Press 1989. (Blanchard and Fischer in what follows) [covers most bases, but is aging]
-
Obstfeld, M. and K. Rogoff, Foundations of International Economics, MIT Press 1996. (Obstfeld and Rogoff in what follows) [focuses more on open economy issues]
-
Ljungqvist, L. and T. Sargent, Recursive Macroeconomic Theory, MIT Press 2000 [focuses more on techniques]
-
Woodford, M. Interest and Prices, mimeo Princeton, 2002. [focuses more on nominal rigidities, and the role of monetary policy]. Available at www.princeton.edu/~woodford/
-
Macroeconomics is a rapidly changing field. To get a sense of the geography, you might find it useful to read two recent surveys:
-
Blanchard, O., "What Do We Know About Macroeconomics that Fisher and Wicksell Did Not?" QJE, November 2000, 115:4, 1375-1410.
-
Woodford, M., "Revolution and Evolution in Twentieth-Century Macroeconomics," forthcoming in P. Gifford, ed., Frontiers of the Mind in the Twenty-First Century, Harvard University Press. (Available at
www.princeton.edu/~woodford/macro20c.pdf)
The course is organized around nine topics/sections. For each topic, I have included basic readings, as well as a few papers showing further applications or extensions.
Bold denotes required reading.