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Advanced_Macro_II_Syllabus

Contents 1 Lectures 2 Reading 2.1 Lecture 1: Evidence on trade and growth 2.2 Lecture 2: Evidence on institutions and growth 2.3 Lecture 3: The consumption Euler equation 2.4 Lecture 4: Life-cycle models and buffer stock saving 2.5 Lecture 5: Consumption risk sharing

Lectures

• Lecture 1: Evidence on trade and growth
• Lecture 2: Evidence on institutions and growth
• Lecture 3: The consumption Euler equation
• Lecture 4: Life-cycle models and buffer stock saving
• Lecture 5: Consumption risk sharing

Reading

Required readings are denoted by *. The rest are recommended.

Lecture 1: Evidence on trade and growth

• * Frankel and Romer, 1999. "Does Trade Cause Growth?" AER. [1]
• * Hallak and Levinsohn, 2004. "Fooling Ourselves: Evaluating the Globalization and Growth Debate" in The Future of Globalization [2]
• Rodríguez and Rodrik, 2001. "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence" NBER Macro Annual. [3]
• Coe and Helpman [4]

Lecture 2: Evidence on institutions and growth

Lecture 3: The consumption Euler equation

Lecture 4: Life-cycle models and buffer stock saving

• * Carroll and Kimball, 2007. "Precautionary Saving and Precautionary Wealth" Palgrave Dictionary [5]
• Carroll, 2001. "A Theory of the Consumption Function, With and Without Liquidity Constraints" JEP [6]
• Aguiar and Hurst, 2005. "Consumption vs Expenditure" JPE [7]
• Johnson, Parker and Souleles, 2006. "Household Expenditure and the Income Tax Rebates of 2001" AER [8]
• Gourinchas and Parker, 2002. "Consumption over the life cycle" Ecta. [9]

Lecture 5: Consumption risk sharing

• * Cochrane, 1991.
• Townsend
• * Asdrubali, Sorensen and Yosha, 1996. "Channels of interstate risk sharing" QJE [10]
• Mace, 1991. JPE [11]