Business Cycle Theory and Monetary and Fiscal Policy Economics 8020 Spring 2020 Resources

• Syllabus

• “Q-Theory and Real Business Cycle Analytics”

• Real Business Cycle Theory: A Semiparametric Approach

• Graphs for Real Business Cycle Theory: A Semiparametric Approach

• 2016 Business Cycle Notes #1

• 2016 Business Cycle Notes #2

• 2016 Business Cycle Notes #3

• Undergraduate Real Business Cycle Theory Course Notes

• “Philosophy of Control Theory”

• Three Goals for PhD Courses in Economics

• “Investment Planning Costs and the Effects of Fiscal and Monetary Policy”

• Powerpoint file for “Investment Planning Costs and the Effects of Fiscal and Monetary Policy”

• Are Technology Improvements Contractionary?

• The Quantitative Analytics of the Basic Neomonetarist Model

• Optimization Subproblems Slides

Relevant Videos

1. Analyzing the Great Depression Using Supply and Demand for the Monetary Base

2. More Analysis of the Great Depression Using Supply and Demand for the Monetary Base

3. The Costs of Inflation

4. Why We Want More Jobs

5. How Interest Rate Cuts Stimulate the Economy

6. Restoring American Growth: The Video

Relevant Blog Posts

• On the Great Recession

• The Medium-Run Natural Interest Rate and the Short-Run Natural Interest Rate

• An Underappreciated Power of a Central Bank: Determining the Relative Prices between the Various Forms of Money Under Its Jurisdiction

• Supply and Demand for the Monetary Base: How the Fed Currently Determines Interest Rates

• The Supply and Demand for Paper Currency When Interest Rates Are Negative

• Cognitive Economics

• Next Generation Monetary Policy

• Sticky Prices vs. Sticky Wages: A Debate Between Miles Kimball and Matthew Rognlie

• Why I am a Macroeconomist: Increasing Returns and Unemployment

• In Honor of Martin Weitzman

• There Is No Such Thing as Decreasing Returns to Scale

• Returns to Scale and Imperfect Competition in Market Equilibrium

• On Habit Formation

• Using a Q-Theory Real Business Cycle Model to Understand Stock Returns When Monetary Policy is Optimal (tweetstorm)

• National Well-Being Indexes and Goodhart’s Law

• Adding a Variable Measured with Error to a Regression Only Partially Controls for that Variable

• Give Central Banks Independence and New Political Pressures to Balance the Old Ones

• Helicopter Drops of Money Are Not the Answer

• Even Central Bankers Need Lessons on the Transmission Mechanism for Negative Interest Rates

• Responding to Joseph Stiglitz on Negative Interest Rates

• Negative Rates and the Fiscal Theory of the Price Level

• Alexander Trentin Interviews Miles Kimball about Macroeconomic Stabilization: Negative Rates and Sovereign Wealth Funds (with links to other posts on sovereign wealth funds)