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Macroeconomic Policy and Global Capital Markets

In: Business and Management

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FINC-941: Macroeconomic Policy and
Global Capital Markets
Fall 2011 Syllabus

Linked Non-textbook Readings
Starred readings are optional.

Week 1: Economic growth across countries: measurement and the facts Charles Jones (1997), "On the Evolution of the World Income Distribution," Journal of Economic Perspectives, 11, 19-36 “Stumble or Fall” The Economist, January 10, 2009 (on-line only) * “Argentina threatens inflation analysts with fine” Financial Times, Feb 4, 2010 *“What’s the Point of Macro?” by Dylan Grice *“An Inflation Debate Brews Over Intangibles at the Mall” Wall Street Journal, May 9, 2005 *“Measuring What Matters” The Economist, September 17, 2009

Weeks 2 and 3: International economic growth and development Capital accumulation Robert E. Hall and Charles I. Jones, "Why Do Some Countries Produce So Much More Output per Worker than Others?" Quarterly Journal of Economics, February 1999, Vol. 114, pp. 83-116. *John Fernald and Brent Neiman, “Growth Accounting with Misallocation: Or, Doing Less with More in Singapore” AEJ Macroeconomics, 3(2) April 2011 (Better than the optional article on the reading list, that you can still google.) Institutions “The Road to Hell is Unpaved” Economist, December 19, 2002 (on-line only) The Panda has Two Faces, The Economist, March 31, 3010 (on-line only) “Mad, Bad and Dangerous to Know” The Economist, Jan 14, 2010 (on-line only) Openness *“The Free Trade Fix” New York Times Magazine, August 18, 2002 *Blinder, Alan, “Offshoring: The Next Industrial Revolution?” Foreign Affairs, March/April 2006, pp. 113-128. Financial Markets “The Start of a Crisis, Through the Lens of Avis” New York Times, March 24, 2009 (on-line only) “Link by Link” The Economist, Oct 16, 2008 (on-line only) Technological progress

Week 4: Money, inflation, banking (and…...

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