Tom Sargent describes how he learnt macroeconomics the Lucas way, starting from the Cowles Commission approach and digesting Muth’s (or Richardson’s?) rational expectations.
Read More »“Macroeconomics II,” Bern, Fall 2021
MA course at the University of Bern. Time: Wed 10-12. Location: A-126 UniS. Course assistant: Stefano Corbellini. The course introduces Master students to modern macroeconomic theory. Building on the analysis of the consumption-saving tradeoff and on concepts from general equilibrium theory, the course covers workhorse general equilibrium models of modern macroeconomics, including the representative agent framework, the overlapping generations model, and the Lucas tree model....
Read More »“Macroeconomics II,” Bern, Fall 2020
MA course at the University of Bern. Time: Wed 10-12. KSL course site. Course assistant: Armando Näf. The course introduces Master students to modern macroeconomic theory. Building on the analysis of the consumption-saving tradeoff and on concepts from general equilibrium theory, the course covers workhorse general equilibrium models of modern macroeconomics, including the representative agent framework, the overlapping generations model, and possibly the Lucas tree model. Lectures...
Read More »“Macroeconomic Analysis,” VoxEU, 2020
VoxEU, June 22, 2020. HTML. Is macroeconomics useful? Of course. To make the point, academics must regain the interpretative high ground from market commentators. While it helps when policymakers understand fundamental macroeconomic concepts, it is equally important for the general public to grasp them. More, and how this relates to the new textbook, on VoxEU.
Read More »“Corona und die Wirtschaft (Corona and the Economy),” Valor, 2020
Valor, 14 April 2020. PDF. Short interview on the implications of the Covid-19 shock for businesses, pensions, government finances, and asset markets. Longer online interview and video.
Read More »Japan
Macroeconomic Analysis available at Rakuten.
Read More »More Endorsements for “Macroeconomic Analysis”
“This is an excellent textbook for macroeconomics at the master’s or beginning PhD level. The topics and the material used to cover them are well chosen; the treatment gives a solid and unified background for positive and normative analysis. It strikes a good balance between being conceptually clear and logically consistent, and at the same time quite accessible.” —Fernando Alvarez, Saieh Family Professor of Economics, University of Chicago Forthcoming, MIT Press. MIT Press book page. My...
Read More »More Endorsements for “Macroeconomic Analysis”
“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.)...
Read More »More Endorsements for “Macroeconomic Analysis”
“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...
Read More »More Endorsements for “Macroeconomic Analysis”
“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....
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