Þjóðhagfræði í meistaranámi

 

Þriðji hluti, vorönn 2003

 

Markmið þriðja hluta er að lýsa hegðun hagkerfa til skemmri tíma litið. Farið verður yfir kenningar sem settar hafa verið fram til skýringar á hagsveiflum, frá bæði framboðs- og eftirspurnarhlið. 

 

Monetary aspects of the business cycle

A.   Ófullkomnar upplýsingar

Romer, 6.1-6.3

 Lucas, Robert,  "Some International evidence on output inflation-inflation tradeoffs" American Economic Review, júní 1973.

 Lucas, Robert,  "Econometric Policy Evaluation: A critique"  Carnegie-Rochester Series on Public Policy, volume 1, 1976, 19-46.

Sargent, Thomas og Neil Wallace, "Rational Expectiations, the Optimal Monetary Instrument and the Optimal Money Supply Rule" Journal of Political Economy, 1975, 241-254

Eldar Shafir, Peter Diamond and Amos Tversky, "On Money Illusion," Quarterly Journal of Economics, maí 1997.

 

B.  Menu-Cost líkön
Romer, 6.4-6.12

Mankiw, Gregory, "Small Menu Costs and Large Business Cycles,"  Quarterly Journal of Economics, maí 1985.

Akerlof, Georg and Janet Yellen, " A near-rational model of the Business Cycle with wages and price inertia" Quarterly Journal of Economics, Supplement 1985.

George A. Akerlof; Janet L. Yellen, Rational Models of Irrational Behavior (in The Contribution of Keynes After 50 Years) The American Economic Review, Vol. 77, No. 2, Papers and Proceedings of the Ninety-Ninth Annual Meeting of the American Economic Association. (May, 1987), pp. 137-142.

Blanchard, Oliver and Nobuhiro Kiyotaki, "Monopolistic Competition and the effects of aggregate demand," American Economic Review, júní 1984

 

C. Yfirlit, samantekt og heildarsamhengi (léttari texti) 

Blanchard, Oliver, "Why does Money affect output? A survey" Handbook of Monetary Economics, vol. 2 edited by Ben Friedman and Frank Hahn 1990.

Mankiw, Gregory, "A quick refresher course in macroeconomics," Journal of economic literature, desember 1990.

Lucas, Robert, "Nobel lecture: Monetary neutrality, " Journal of political economy, ágúst 1996.

Akerlof, Georg, "Nobel lecture: Behavioral Macroeconomics and Macroeconomic Behavior." American Economic Review, júní 2002.

 

Income Distribution and the Business cycle

Tekjuskipting á Ísland: Þróun og ákvörðunarvaldar, Haustskýrsla Hagfræðistofnunar, 2001, Ásgeir Jónsson, Tryggvi Þór Herbertsson, Ásta Herdís Hall, Gylfi Zoega og Marta Skúladóttir.   Ágrip, kafli 4, aðferðafræði and English Summary.

Kynningarglærur: Tekjuskipting á Íslandi: Þróun og ákvörðunarvaldar

Vincenzo Quadrini; Jose-Victor Rios-Rull, "Understanding the U.S. distribution of wealth" Federal Reserve Bank of Minneapolis. Quarterly Review - Federal Reserve Bank of Minneapolis; Minneapolis; Spring 1997; ;

Santiago Budría Rodríguez, Javier Díaz-Giménez, Vincenzo Quadrini, and José-Víctor Ríos-Rull, "Updated Facts on the U.S. Distributions of Earnings, Income, and Wealth" Federal Reserve Bank of Minneapolis. Quarterly Review. Summer 2002  (Vol. 26 No. 3)

For a further reference on trends and numbers:

Lawrence F. Katz; Kevin M. Murphy, "Changes in Relative Wages, 1963-1987: Supply and Demand Factors"
The Quarterly Journal of Economics, Vol. 107, No. 1. (Feb., 1992), pp. 35-78.