Reading List

Note: RP refers to a reading in the Readings Package.

• Monitoring Macroeconomic Performance
• Mankiw, Macroeconomics, Chapters 1 and 2.
• Mankiw,Macroeconomics, Chapters 1 and 2.
• Backus and Roubini, Lectures in Macroeconomics, Chapter 1.
• Krugman and Obstfeld, International Economics, ch 13.
• "Why can’t the U.S. measure productivity right?" Fortune, Oct 16, 1995; in RP.
• "Who is afraid of the big bad deficit ?," The Economist, Sep 30, 1995; in RP.
• Web link to the controversy on Output and Inflation: Are We Mismeasuring Them ?
• Web link to other readings on Measuring Macroeconomic Performance
• Financial and International Indicators
• Mankiw, Macroeconomics, Chapters 1 and 2.
• Backus and Roubini, Lectures in Macroeconomics, Chapter 2.
• "Disagreeing about the consensus," The Economist, Jul 27, 1991; in RP.
• "Taking the business cycle’s pulse;" The Economist, Oct 28, 1995; in RP.
• "Shapely curves," The Economist, Mar 7, 1992; in RP.
• "The bond market’s crystal ball," The Economist, May 27, 1995; in RP.
• "Fed relying on intuition in setting rate policy," New York Times, Feb 28, 1994; in RP.
• Krugman and Obstfeld, International Economics, ch 14, pp.332-353 and Appendix.
• Web link to the controversy on Output and Inflation: Are We Mismeasuring Them ?
• Web link to other readings on Business Cycle Indicators
• Productivity and Growth
• Backus and Roubini, Lectures in Macroeconomics, Chapter 3.
• Mankiw, Macroeconomics, Chapter 4.
• Krugman, The Age of Diminished Expectations, chs 1,15.
• "The miracle of the sausage-makers," The Economist, Dec 9, 1995; in RP
• "Technology: A free lunch for all," Wall Street Journal, Mar 4, 1991; in RP.
• "Inventions: Their unfathomable future," New York Times, Aug 7, 1994; in RP.
• "Workers of the world unite," The Economist, Oct 23, 1993; in RP.
• Web link to the controversy on Productivity Growth Recovery in the 1990s: True or a Statistical Fluke ?
• Web link to other readings on Productivity Growth
• Output and Real Interest Rates in a Closed Economy
• Mankiw, Macroeconomics, Chapter 3.
• Backus and Roubini, Lectures in Macroeconomics, ch 4, sections 4.1 to 4.7.
• Krugman, The Age of Diminished Expectations, chs 2,13.
• "How low can they go ?" The Economist, Dec 2, 1995; in RP.
• "Capital conflict," The Economist, Aug 10, 1991; in RP.
• Web link to the controversy on Supply Side Economics and the Effects of Tax Cuts, Tax Reform and The Capital Gains Tax
• Web link to other readings on The Long Run Theory
• Savings, Investment and the Current Account in an Open Economy
• Mankiw, Macroeconomics, Chapter 7 (sections 7.1-7.2).
• Backus and Roubini, Lectures in Macroeconomics, ch 4, sections 4.8 to 4.12
• Krugman and Obstfeld, International Economics, ch 13, pp.314-327.
• Krugman, The Age of Diminished Expectations, ch 4.
• "In defence of deficits," The Economist, Dec 16, 1995; in RP.
• "Global capital flows: too little, not too much," The Economist, Jun 24, 1995; in RP.
• Web link to the controversies on Trade Deficits: Should We Worry about Them? and Competitiveness.
• Web link to other readings on Trade Deficits.
• Money, Inflation and Nominal Exchange Rates in the Long-Run
• Mankiw, Macroeconomics, Chapter 6, Chapter 7 (section7.3)
• Backus and Roubini, Lectures in Macroeconomics, ch 5.
• Krugman and Obstfeld, International Economics, ch 14, pp. 352-367 and ch 15.
• Web link to the controversy on The Death of Inflation.
• Web link to other readings on Money and Inflation
• Real Exchange Rates in the Short-Run and the Long-Run
• Mankiw, Macroeconomics, Chapter 7 (sections 7.3-7.4)
• Backus and Roubini, Lectures in Macroeconomics, ch 6.
• Krugman and Obstfeld, International Economics, ch 16.
• "General Motors and the Dollar," Harvard case 9-389-094; in case package.
• "Buy hard: with a vengeance," The Economist, Aug 26, 1995; in RP.
• "Big MacCurrencies," The Economist, Apr 9, 1994; in RP.
• Web link to other readings on Exchange Rates
• The IS/LM model in the Closed Economy
• Backus and Roubini, Lectures in Macroeconomics, ch 7.
• Mankiw, Macroeconomics, Chapters 8,9,10.
• Krugman, The Age of Diminished Expectations, chs 4,8.
• "Paul Volker and the Federal Reserve," Harvard case 9-386-055; in case package.
• Web link to other readings on The IS/LM Model
• The IS/LM model in the Open Economy: Fixed and Flexible Rates
• Backus and Roubini, Lectures in Macroeconomics, ch 7'.
• Krugman and Obstfeld, International Economics, ch 17.
• Mankiw, Macroeconomics, Chapter 11.
• Krugman, The Age of Diminished Expectations, chs 4,8.
• The Controversy on Fixed versus Flexible Exchange Rate Regimes
• Web link to other readings on Exchange Rate Regimes
• Collapse of Fixed Exchange Rates: Mexico and the European Monetary System
• Backus and Roubini, Lectures in Macroeconomics, ch 6, section 6.2; ch 8.
• Krugman and Obstfeld, International Economics, chs 18,21.
• "Evolution of the Mexican Peso crisis," IMF, 1995; in case package..
• "To fix or float exchange rates?" The Economist, Aug 7, 1993; in RP.
• "The etiquette of merging currencies," The Economist, Dec 9, 1995; in RP.
• Web link to the controversies on The European Monetary Union and The Gold Standard
• Web link to other readings on Fixed Exchange Rates
• Inflation, Wages, Unemployment and Income Distribution
• Mankiw, Macroeconomics, Chapter 12, 13.
• Krugman, The Age of Diminished Expectations, chs 2,3,5.
• "Has this war been won ?" New York Times, Oct 25, 1995; in RP.
• "U.S. wages up, 2.7% in year," New York Times, Nov 1, 1995; in RP.
• "How ‘natural’ is unemployment?" The Economist, Dec 16, 1995; in RP.
• "One lump or two?," The Economist, Nov 25, 1995; in RP.
• "Widest gap in incomes ? Research points to US," New York Times, Oct 27, 1995; in RP.
• "Rich Man, Poor Man," The Economist, Jul 24, 1993; in RP.
• "Re-engineering gives firms new efficiency, workers the pink slip" Wall Street Journal, Mar 16, 1993; in RP.
• Web link to the controversies
• Web link to the controversies on NAIRU, Inflation ,Income Inequality and The Downsizing of America
• Web link to other readings on Wages and Inflation
• Trade Imbalances, Exchange Rates and Macro Policies: U.S. Japan and Europe
• Krugman and Obstfeld, International Economics, ch 20.
• Krugman, The Age of Diminished Expectations, chs 9,10,11,14.
• "A strange and unnatural fixation on the Dollar," The Economist, Apr 15, 1995.
• Problems of the Global Capital Markets
• "The world economy: who is in the driving seat ?," The Economist, Oct 7, 1995; in RP.
• Krugman and Obstfeld, International Economics, ch 22.
• Krugman, The Age of Diminished Expectations, ch 14.
• Government Deficits
• Mankiw, Macroeconomics, Chapter 16.
• Backus and Roubini, Lectures in Macroeconomics, ch 12.
• Krugman, The Age of Diminished Expectations, chs 6,7.
• "The hole in your future," The Economist, Sep 9, 1995; in RP.
• "What the taxman takes," The Economist, Mar 13, 1993; in RP.
• Web link to the controversies on US Budget Deficits , The Balanced Budget Amendment and Tax Reform .
• Web link to other readings on Fiscal Policy
• Monetary Policy and Commercial Banking
• Mankiw, Macroeconomics, Chapter 16.
• Backus and Roubini, Lectures in Macroeconomics, ch 10.
• Krugman, The Age of Diminished Expectations, ch 8.
• "Rules versus discretion," The Economist, Mar 2, 1991; in RP.
• Federal Reserve Publications: The Federal Reserve System Purposes and Functions,
• Web link to the controversies on NAIRU and Inflation
• Web link to other readings on Monetary Policy

Other Links and Information:

- The Stern School of Business Economics Department

- Nouriel Roubini's Home Page

Send an E-mail to Nouriel Roubini at nroubini@stern.nyu.edu