Econ 191: UC Berkeley: Spring 2012: Fiscal Policy in a Depressed Economy: April 17, 2012
Fiscal Policy in a Depressed Economy
April 17, 6:30-9:00 PM, 105 Northgate
Readings:
Lloyd Metzler (1951). "Wealth, Saving, and the Rate of Interest". Journal of Political Economy 59:2 (April), pp. 93-116 http://www.jstor.org/stable/1825743
Gauti Eggertson and Michael Woodford (2002). "The Zero Bound on Interest Rates and Optimal Monetary Policy". Brookings Papers on Economic Activity 2002:1 (Spring), pp 139-211 http://www.ny.frb.org/research/economists/eggertsson/BrookingsPaper.pdf
Gabriel Chodorow-Reich, Laura Feiveson, Zachary Liscow, and William Gui Woolston (2011). "Does State Fiscal Relief During Recessions Increase Employment? Evidence from the American Recovery and Reinvestment Act". Berkeley: U.C. Berkeley (August) http://econgrads.berkeley.edu/gabecr/files/2011/05/Does-State-Fiscal-Relief-During-Recessions-Increase-Employment-August-20114.pdf
Jan Hazius and Sven Jari Stehn (2011). "The Case for a Nominal GDP Level Target". Goldman Sachs U.S. Economic Analyst 11/41 (October 14) http://delong.typepad.com/1014wkly.pdf
Christina D. Romer (2011). "What Do We Know About the Effects of Fiscal Policy? Separating Evidence From Ideology". Berkeley: U.C. Berkeley (November 7) http://www.econ.berkeley.edu/~cromer/Written%20Version%20of%20Effects%20of%20Fiscal%20Policy.pdf