Macro Analysis

Output and Inflation

(posted: 29 Nov 2023)

On Wed 29 Nov, we'll begin a discussion of output and inflation in the short run. To prepare, please read Lecture 13, read Mankiw chap. 13 and do Homework 13.

Also, as discussed in class, we're working through the material quickly, so we'll have time for a good discussion of economic policy, where we can (pretend to) put theory into practice.

For that purpose, I'd like to discuss a few chapters from Reinhart and Rogoff's This Time is Different (2009). Please acquire a copy at a good price at your earliest convenience.

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