Tag Archives: Contributions

“Finally, a book that fills the longstanding, and growing, gap between existing undergraduate and graduate macroeconomics textbooks. The winning approach of the author is to rigorously develop the core insights in each topic studied, avoiding superfluous diversions. The emphasis on government policy and political economy is especially useful in interpreting current global macroeconomic events.” —Gianluca Violante, Professor of Economics, Princeton University (To be continued.)...

The Korean newspaper Workers cites the VoxEU column in which I argued that “Libra paves the way for CBDC.”

“Niepelt’s textbook provides a concise, but rigorous introduction to the key concepts, tools, and models that constitute modern macroeconomic theory. His pedagogical approach, introducing the key building blocks of the theory one at a time, and focusing on what is essential at each stage, should make the learning experience a pleasant one. I expect it to become a staple reference in first-year graduate courses.” —Jordi Galí, CREI, Universitat Pompeu Fabra and Barcelona GSE (To be...

“Macroeconomic Analysis is the rare textbook that is both comprehensive and rigorous, as well as concise and simple. By staying focused on the core model of dynamic macroeconomics, it elegantly navigates through many topics. After studying this book, students will be ready to join the exciting debates in modern macroeconomics.” —Ricardo Reis, A. W. Phillips Professor of Economics, London School of Economics and Political Science (To be continued.) Forthcoming, MIT Press. Book page....

“A needed, up-to-date primer on macroeconomic theory. It is comprehensive, covering all the essential topics, from optimal consumption and labor supply to economic growth, business cycles, and asset markets. It is thorough and rigorous, yet accessible, as it requires little prior knowledge of the key concepts and mathematical tools.” —George-Marios Angeletos, Professor of Economics, MIT (To be continued.) Forthcoming, MIT Press. Book page.

“This book provides an excellent introduction into dynamic macroeconomics. Its analysis is deep, self-contained, and still concise. The chapters on labor search frictions, financial frictions, and money are an extra plus and make it a superb choice for a first-year PhD or advanced Masters’ course in macroeconomics.” —Markus Brunnermeier, Edwards S. Sanford Professor of Economics, Princeton University (To be continued.) Forthcoming, MIT Press. Book page.

“An orderly and elegant presentation of essential ideas of modern macroeconomics with a perfect mix of tools and applications.” —Thomas Sargent, Professor of Economics, New York University (To be continued.) Forthcoming, MIT Press. Book page.

There is widespread international interest in CBDC, Libra, and the like. E.g., my VoxEU column on Libra and CBDC is discussed on the Czech news platform patria.cz. And my JME paper with Markus Brunnermeier is discussed on the Turkish site digitalage.com.tr.

My VoxEU column now also on finews and World News Monitor, September 17, 2019. Digital currencies involve tradeoffs. Libra resolves them less favorably than other projects, and less favorably than CBDC. When confronted with the choice between the status quo and a new financial architecture with CBDC, most central banks have responded cautiously. But Libra or its next best replica will take this choice off the table – the status quo ceases to be an option. The new choice for monetary...

VoxEU, September 12, 2019. HTML. Digital currencies involve tradeoffs. Libra resolves them less favorably than other projects, and less favorably than CBDC. When confronted with the choice between the status quo and a new financial architecture with CBDC, most central banks have responded cautiously. But Libra or its next best replica will take this choice off the table – the status quo ceases to be an option. The new choice for monetary authorities and regulators will be one between...