Macroeconomics I

Code: PECO6034
Course: Doctorate in Economics
Credits: 4
Hourly load: 60
Syllabus: Theories of Economic Growth: Ramsey-Cass-Koopmans; Real Theories of Economic Growth: Ramsey-Cass-Koopmans; Real Business Cycle Models; Money Cycle Models with Imperfect Information: rational expectations and Lucas supply curve; Economic Policy: ineffectiveness of economic policy, Lucas's critic; New Keynesian models of nominal and real rigidity: imperfect competition, macroeconomic effects of macroeconomic mismatches; labor, goods and credit market imperfections; Consumption and investment theories; Currency and monetary policy; Intertemporal inconsistency of optimal plans and Central Bank independence; Fiscal policy.
Bibliography: Básica

ROMER, D. (2006). .Advanced Macroeconomics.. Mc Graw Hill, 3rd edition.

Complementares

CLARIDA, R., GALÍ, J, & GERTLER, M. (1999). .The science of monetary policy: a new Keynesian perspective.. Journal of Economic Literature 37: 1661-1707.
ROGOFF, K. (1985). .The optimal degree of commitment to an intermediate monetary target.. The Quarterly Journal of Economics 100 (4): 1169-1189.
ROMER, D. (1993). .The New Keynesian Synthesis.. Journal of Economic Perspectives 7 (1): 5.22.
ROMER, D. (2000). .Keynesian Macroeconomics without the LM Curve.. Journal of Economic Perspectives 14 (2): 149.69.