Final Exam: Monday, December 18 at 12:15 - 2:15

 

Expect two questions on the final.

  1. One on Stabilization Policy
  2. One on Government Debt

Some background readings that may be helpful for the final exam questions.

On Monetary Policy and Inflation Targeting:

  1. Fed Wrestles With Setting Inflation Target  Opinion Moves Toward a Flexible 'Objective' That Gives Weight to Unemployment  By GREG IP  October 30, 2006; Page A8           Wall Street Journal

  2. Bernanke Warns Inflation Remains A Significant Risk Fed Chief's View Contrasts With That of Wall Street; Could Interest Rates Go Up? By GREG IP in Washington and RAFAEL GERENA-MORALES and MICHAEL CORKERY in New York November 29, 2006; Page A1           Wall Street Journal

  3. Economics focus The oracle becomes less oracular  Nov 30th 2006 From The Economist print edition How central bankers communicate, clearly and not so clearly, with the outside world

  4. NEW  The Federal Reserve Difference of opinion  Dec 13th 2006 | WASHINGTON, DC  From The Economist print edition  The economy, the Fed and the markets

     

On Ricardian Equivalence and Debt:


  1. The Region     September 2005  Interview with Robert Barro  Minneapolis Fed

  2. Five Macroeconomic Myths  By EDWARD C. PRESCOTT        Commentary                 Wall Street Journal       December 11, 2006; Page A18  This is generating a lot of activity on the economics blogs

  3. From Mankiw’s blog: Monday, December 11, 2006 Now I am confused  and Marginal Revolution, Five macroeconomic myths? Tyler Cowen

Finally, a book review on Re-examining Monetary and Fiscal Policy for the 21st Century (pdf file)