I’m Picking Up Economics 202b Next Week…

… and I still have not decided what to do. The subject I have been given is “macroeconomic policy”–but repeating *any* macroeconomic policy syllabus from *any* year in the past seems like a really stupid thing to do right now.[1]So let me send out a list of first week’s readings–ancient history and culture–to tide the students over…**Week 1: March 17 & 19: In the Shadow of Milton Friedman*** DeLong, “America’s Only Peacetime Inflation: the 1970s” * DeLong, “Keynesianism, Pennsylvania Avenue-Style” * Hicks, “Mr. Keynes and the ‘Classics’: A Suggested Interpretation” * Samuelson and Solow, “Analytical Aspects of Anti-Inflation Policy” * Friedman, “The Effects of a Full-Employment Policy on Economic Stability: A Theoretical Analysis,” in Milton Friedman, *Essays in Positive Economics* (Chicago: Univerity of Chicago Press), p. 117 ff * Friedman, “The Role of Monetary Policy” * Tobin, “Friedman’s Theoretical Framework” * Friedman, “Comment on the Critics”
* Friedman, “A Theoretical Framework for Monetary Analysis”
* Hawtrey, “Public Expenditure and the Demand for Labour”
* Kahn, “The Relation of Home Investment to Unemployment” * Romer, Advanced Macroeconomics, ch. 5: 5.1 Aggregate Demand. 5.2 The Open Economy. 5.3 Alternative Assumptions About Wage and Price Rigidity. 5.4 Output-Inflation Tradeoffs. 5.5 Money and Output. 5.6 The Cyclicality of the Real WageProblem Set Out: Romer 5.1, 5.3, 5.4, 5.9, 5.14, 5.15, due 30 Mar


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