Optional Readings Macro (Top)
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2003
William Powers, "The Massless media," The Atlantic Monthly J/F 2005
P J O’Rourke, “Continental Divides,” The Atlantic Monthly J/F 2005
Part I: The Economy
2004
America's Fortunes
by the Editors
Are We Still a Middle-Class Nation?
by Michael Lind
The Atlantic Monthly J/F 2004
America's "Suez Moment"
by Sherle R. Schwenninger
The Atlantic Monthly J/F 2004
Part II: Society
The Angry American
by Paul Starobin
The Atlantic Monthly J/F 2004
The Other Gender Gap
by Marshall Poe The
Atlantic Monthly J/F 2004
The Tuition Crunch
by Jennifer Washburn
The Atlantic Monthly J/F 2004
Putting a Value on Health
by Don Peck The
Atlantic Monthly J/F 2004
Insurance Required
by Laurie Rubiner
The Atlantic Monthly J/F 2004
Information, Please
by Shannon Brownlee
The Atlantic Monthly J/F 2004
Part III: Governance
The $45 Trillion Problem
by Nathan Littlefield
The Atlantic Monthly J/F 2004
Radical Tax Reform
by Maya MacGuineas
The Atlantic Monthly J/F 2004
The Chieftains and the Church
by Ted Halstead The
Atlantic Monthly J/F 2004
Nation-Building 101
by Francis Fukuyama
The Atlantic Monthly J/F 2004
2003
The
American Paradox
Ra
The Basics of Macroeconomics
Abadie, "Poverty, political freedom, and the roots of terrorism," AEA May 2006
Robert Barskey and Lutz Kilian, "Oil and the macroeconomy since the 1970s," JEP Fall 2004
Brookings Institute, Government’ s 50 Greatest Endeavors of the Past Half Century, 2000
J. Bradford DeLong, Macroeconomics Textbook Manifesto.
J. Bradford DeLong, The Shape of Twentieth Century Economic History
Brad Delong, "Slouching Toward Utopia"
J. Bradford DeLong, "Slouching Toward Utopia," Regional Review 1998:3
"Economics of happiness," The Economist Aug 27, 2005
John Katz, When the Economy Goes South: What happens in a recession? Regional Review 1999:3
Alan B. Krueger and Jitka Maleckova, "Education, Poverty, and Terrorism: Is There a Causal Connection?" JEP Fall 2003
Paul Krugman, "Age of anxiety," NYT 11/28/2005
Paul Krugman, "America wants security," NYT May 23, 2005
Paul Krugman, "Intimations of recession," NYT Aug 7, 2006
Sir Richard Layard, Happiness: Lessons from a new science, 2005
Joe Mattey, "Evolution of the quality of life in the US." FRBSF 9/13/1996
Emily Oster, “Witchcraft, weather, and Economic growth in renaissance Europe,” JEP Winter 2004
Peter Passell, "Maybe it Wasn't the Economy in the 1992 Election," New York Times, January 20, 1996
Alan Reynolds" Election Economics," , A Cato Commentary, The Washington Times, September 14, 2003.
Alice M. Rivlin, Challenges of Modern Capitalism, NE Regional Review 3/2002
Dani Roderick & Romain WQacziag, "Do democratic transitions produce bad economic outcomes?," AER May 2005
Nouriel Roubini, Global Macroeconomics
Nouriel Roubini and David Backus, MBA Lectures in Macroeconomics
Nouriel Roubini U.S. Economy on web site under Current Policy Topics
Jacob Scheslinger, "Improving economic signals may no longer deliver votes," WSJ
State of the Union, The Atlantic Monthly J/F 2004 America's Fortunes by the Editors
US Economy The Cato Institute
Carl Walsh, The Productivity and Jobs Connection: The Long and the Short Run of It, SFFed 2004-18, July 16
Michael Wines, "Zimbabwe's prices rise 900%, turning staples into luxuries," New York Times May 2, 2006)
"whose economy is it anyway?" NYT 12/25/2005
Output Market
Anders Åslund in his "The Myth of Output Collapse after Communism" suggests the declines reported in official statistics grossly overestimate the collapse in GDP because in the Communist era the numbers were inflated so the declines look larger
Richard Easterlin, "The worldwide standard of living since 1800," JEP Winter 2000
Prices
Stephen Cecchetti, Rita Chu, and Charles Steindel, "The unreliability of inflation indicators," Current Issues FRBNY April 2000
Todd E. Clark, A Comparison of the CPI and the PCE Price Index KC Economic Review 1999:3
Todd E. Clark, Comparing Measures of Core Inflation KC Economic Review 2002:2
"Costs of Living: Official inflation rates suit nobody perfectly," The Economist June 5, 2004
Capital Market
Evolution of Macroeconomic Theory
Brad Delong, "The Roaring 20s"
"A refresher on the 1930s," The Economist 9/19/1998
John Maynard Keynes, The World's Economic Outlook, The Atlantic Monthly, May 1932
"The New Deal: Time for a New Look," Wall Street Journal
Euro
International Monetary Systems
Griswold, "America's maligned and misunderstood trade deficit," Trade Policy Analysis, April 20, 1998
George A. Kahn, Economic Integration: Opportunities and Challenges--A Summary of the Bank's 2000 Symposium KC Fed
Hervey & Kouparitas, "Should we be concerned about the current account?," Chicago Fed Letter, April 2000
Higgins & Klitgaard, "Viewing the current account deficit as a capital inflow," FRBNY Current Issues 12/1998
Jill A. Holman , "Is the Large U.S. Current Account Deficit Sustainable?," Chicago Fed Economic Review 2001:1
Pakko, "The US Trade deficit and the New Economy," StL Review S/O 1999
Pakko The U.S. Trade Deficit: Sideshow to the "New Economy"? The Regional Economist April 2002
Papaioannou & Kei-Mu Yi, "The effects of a booming economy on the US trade deficit," RBNY Current Issues, 2/2001
Shaikh, Zezza, and Dos Santos, "Is international growth the way out of US current account deficits? A note of caution," Levy Institute 2003/6
"The great thrift shift," The Economist 9/24/2005
Readings
J. Brad DeLong, "America's Only Peacetime Inflation: The 1970s," 12/19/1995
The fed and asset markets
The fed and its policies
William Poole, Volcker’s Handling of the Great Inflation Taught Us Much Regional Economist, 1/2005
Background Material
History of money
Michael Bryan..., "Who is that guy on the $10 bill,? Cleveland FRB Economic Commentary June 2000
Bureau of Engraving: History of money in US
"Crisp and even" The Economist 12/22/2001
Roy & Glynn Davies, A Comparative Chronology of Money from Ancient Times to the Present Day 1996
"Money matters: The American Experience with Money," Chicago Fed
R. A. Radford, "The Economic Organization of a P.O.W. Camp," Economica 1945, pp. 189-201.
San Francisco Fed web exhibit: History of money in US
François R. Velde, Following the yellow brick road: How the United States adopted the gold standard
Wizard of Oz Littlefield UNO Yellow Brick Road: The Economics Behind The Wizard of Oz American Monetary Institute
Interest rates
Forces That Shape the Yield Curve, Mark Fisher, Atlanta FRB Economic Review 2001
Reaganomics
Bharat Trehan, "Why hasn't the jump in oil prices led to a recession," FRBSF 11/18/2005
Economic growth
Setting
New Economy (I&E Reading List)
"Briefings: At issue in the 2004 Election," Harpers July 2004
Budget Options, 2001
Colvin, "Soaking the rich? Better believe it." Fortune 4/14/2003
"The suits inside the battledress," The Economist 4/19/2003
Citizens for Tax Justice, "How Do the Bush Tax Cuts Effect Your State? New Fact Sheets Available" 11.25.03
Law
CTJ Analysis of Revised Bush Tax Plan
Tax Cut Proposals -- an AAUP Background Paper
resident Bush Signs HR 2, Containing Major Tax Cut for ..
National Taxpayers Union - Commentary, 2003-01-13
Tax, Legal, Legislative Highlights: President Bush Signs Tax-Cut .
ext of the of the Economic Growth and Tax Relief Act of
Agenda for tax relief released in February 2001, and signed into law as the Economic Growth and Tax Relief Act of 2001 [text of the of the Economic Growth and Tax Relief Act of 2001
Crimes Against Nature, Bush is sabotaging the laws that have protected America's environment for more than thirty years, By Robert F. Kennedy Jr.
Nouriel Roubini China's Economy and Geo-Strategic Implications of a Rising China on web site under Current Policy Topics
Benjamin DeMott, “Whitewash as public service: How the 9/11 commission report defrauds the nation.” Harpers Oct 2004
Richard Goodwin, Making the facts fit the case of war," NYT 2/8/2004
Martin Wolf, "Will the nation state survive globalization," Foreign Affairs J/F 2001
Johnathan Chalt, "A principled case for obstruction," The New republic 3/21/05
Robert Clark, "Social Security financing: facts, fantasies, foibles, and follies," AER May 2004
John F. Cogan and Olivia S. Mitchell, Perspectives from the President’s Commission on Social Security Reform, JEP spring 2003
Henrik Kronquist and Richard Thaler, "Design choices in privatized Social-Security systems: Learning from the SAwedisn example," AER May 2004
Thomas A. Garrett and Russell M. Rhine, Social Security versus Private Retirement Accounts: A Historical Analysis, StL Review M/A 2005
Gerald Dwyer, "Social Security Private
Accounts: A Risky Proposition?" FRB Atlanta 2005:3
Data
(.xls)
Craig Hakkio and Elisha J. Wisema, Social Security and Medicare: The Impending Fiscal Challenge, KC Fed M/A 2006
"Reforming social security." AER. May 1996
Brian Riedl, "Why Social security's problems begin in 2018, Knight_Ridder Feb. 17, 2006
"Social security and the real economy." AER. May 1998
"The shift away from thrift," The Economist 4/9/2005
Mary Williams Walsh, "Public pension plans face billuons in shortages," NYT August 8, 2006
Federal Budgets
Budget (U of Michigan list)
Taxes and spending
Bush tax cuts: some sources
History