Semi-Daily Journal Archive

The Blogspot archive of the weblog of J. Bradford DeLong, Professor of Economics and Chair of the PEIS major at U.C. Berkeley, a Research Associate of the National Bureau of Economic Research, and former Deputy Assistant Secretary of the U.S. Treasury.

Friday, December 16, 2005

Economics 101b Fall 2005

Syllabus Part II

October 14, 17: Japan's Decade-Long Slump

Readings: Paul Krugman, “Japan’s Liquidity Trap” http://web.mit.edu/krugman/www/japtrap2.html
Adam Posen, “Macroeconomic Mistake, Not Structural Stagnation” http://www.iie.com/publications/chapters_preview/35/1iie2628.pdf
Adam Posen, “Recognizing a Mistake: Not Blaming a Model” http://www.iie.com/publications/chapters_preview/35/6iie2628.pdf

October 19, 21, 24: Europe's High Unemployment

Readings: Olivier Blanchard and Lawrence Summers (1986), "Hysteresis and the European Unemployment Problem" http://papers.nber.org/papers/w1950
Olivier Blanchard and Justin Wolfers (1999), "Shocks and Institutions in European Unemployment" http://papers.nber.org/papers/w7282
Olivier Blanchard (2004), "The Economic Future of Europe" http://papers.nber.org/papers/w7282

October 26, 28, 31: America's "New Economy"

Readings: Alan Blinder and Janet Yellen (2001), The Fabulous Decade: Macroeconomic Lessons from the 1990s (New York: Century Foundation)
William Nordhaus (2004), "The Story of a Bubble" http://www.nybooks.com/articles/16878

November 2, (no class on the 4th), 7, 9: Emerging Market Financial Crises:

Readings: Michael Mussa (2002), Argentina and the Fund: From Triumph to Tragedy http://bookstore.iie.com/merchant.mvc?Screen=PROD&Product_Code=343
Morris Goldstein (1998), The East Asian Financial Crisis http://bookstore.iie.com/merchant.mvc?Screen=PROD&Product_Code=22

November 14, 16: America's Current Macroeconomic Dilemma

Readings: Lecture notes to be issued...

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