Οικονο&ικό Πανε+ιστή&ιο Αθηνών3 Τ"ή"α Οικονο"ικής Ε,ιστή"ης0 Μετα,τυχιακό Πρόγρα""α, Κατεύθυνση Οικονο"ικής Θεωρίας0

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1 Οικονο&ικό Πανε+ιστή&ιο Αθηνών3 Τ"ή"α Οικονο"ικής Ε,ιστή"ης0 Μετα,τυχιακό Πρόγρα""α, Κατεύθυνση Οικονο"ικής Θεωρίας0 Μακροοικονο&ική Θεωρία Ι3 Καθηγητής Γιώργος Αλογοσκούφης4 Χει"ερινό Εξά"ηνο Περιεχό&ενο Μαθή&ατος3 Αυτό είναι το,ρώτο "έρος του υ,οχρεωτικού "ετα,τυχιακού "αθή"ατος στη Μακροοικονο"ική Θεωρία. Προϋ,οθέτει εξοικείωση "ε βασικές γνώσεις "ακροοικονο"ικής και βασικά "αθη"ατικά εργαλεία.0 Ε,ικεντρωνό"αστε στη θεωρία της οικονο"ικής "εγέθυνσης, της κατανάλωσης και των ε,ενδύσεων, στη θεωρία του χρή"ατος, καθώς και στις εναλλακτικές θεωρίες οικονο"ικών διακυ"άνσεων, ανεργίας και,ληθωρισ"ού.0 Σκο,ός του "αθή"ατος είναι η,αρουσίαση των κύριων υ,οδειγ"άτων,ου χρησι"ο,οιούνται στη σύγχρονη "ακροοικονο"ική ανάλυση και έρευνα, και η εξοικείωση των σ,ουδαστών "ε αυτά, καθώς και "ε τις χρησι"ο,οιού"ενες αναλυτικές "εθόδους και τεχνικές.0 Το "άθη"α,εριλα"βάνει τις εξής θε"ατικές ενότητες: 1. Υ,οδείγ"ατα εξωγενούς και ενδογενούς οικονο"ικής "εγέθυνσης. 2. Υ,οδείγ"ατα κατανάλωσης και ε,ενδύσεων. 3. Υ,οδείγ"ατα της αγοράς χρή"ατος του ε,ι,έδου τι"ών και του,ληθωρισ"ού. 4. Κλασσικά υ,οδείγ"ατα οικονο"ικών διακυ"άνσεων. 5. Κεϋνσιανά υ,οδείγ"ατα οικονο"ικών διακυ"άνσεων, ανεργίας και,ληθωρισ"ού.0 Οι αναλυτικές ση"ειώσεις των διαλέξεων καθώς και οι ασκήσεις, οι ανακοινώσεις και το συ",ληρω"ατικό υλικό αναρτώνται στον ιστότο,ο του "αθή"ατος,0 Ο ιστότο,ος αυτός είναι,ροσβάσι"ος και "έσω του,0

2 0 Βασικά Βοηθή&ατα3 Romer David (2012), Advanced Macroeconomics, (4th Edition), London, McGraw Hill Irwin. (Η δεύτερη έκδοση του βιβλίου αυτού έχει "εταφραστεί στα ελληνικά και κυκλοφορεί ως Προχωρη8ένη Μακροοικονο8ική α,ό τις εκδόσεις Gutenberg).0 Benassy Jean-Pascal (2011), Macroeconomic Theory, Oxford, Oxford University Press.0 Gali Jordi (2008), Monetary Policy, Inflation and the Business Cycle, Princeton N.J., Princeton University Press0 Αλογοσκούφης Γιώργος (2014), υνα8ική Μακροοικονο8ική, Αθήνα (υ,ό έκδοση).0 3 Συ&+ληρω&ατικά Βοηθή&ατα3 Taylor John B. and Woodford Michael (1999), Handbook of Macroeconomics, (Volumes IA, IB, IC), Amsterdam, North-Holland. 0 Blanchard Olivier J. and Fischer Stanley (1989), Lectures on Macroeconomics, Cambridge Mass, MIT Press.0 Ljungqvist Lars and Sargent Thomas J. (2012), Recursive Macroeconomic Theory, (3rd ed), Cambridge Mass, MIT Press.0 Sargent Thomas J. (1987), Macroeconomic Theory, (2nd ed), New York, Academic Press.0 Stokey Nancy L. and Lucas Robert E. Jr (1989), Recursive Models of Economic Dynamics, Cambridge Mass, Harvard University Press.0 Acemoglou Daron (2009), Introduction to Modern Economic Growth, Princeton N.J., Princeton University Press.0 Barro Robert J. and Sala-i-Martin Xavier (2004), Economic Growth, (2nd ed), Cambridge Mass, MIT Press.0 Walsh Carl E. (2010), Monetary Theory and Policy, Cambridge Mass., MIT Press.0 Woodford Michael (2003), Interest and Prices: Foundations of a Theory of Monetary Policy, Princeton N.J., Princeton University Press0 Pissarides Cristopher (2000), Equilibrium Unemployment Theory, (2nd Edition), Cambridge Mass, MIT Press.0 N2

3 3 ο&ή ιαλέξεων και Βιβλιογραφία3 1. Α+οτα&ιεύσεις, Ε+ενδύσεις και Οικονο&ική Μεγέθυνση: Το Υ+όδειγ&α του Solow.3 Romer (Κεφ. 1), Benassy (Κεφ. 1), Αλογοσκούφης (Κεφ. 1).0 Jones C. (2002), Introduction to Economic Growth, New York, Norton.4 Mankiw G., Romer D. and Weil D. (1992), A Contribution to the Empirics of Economic Growth, Quarterly Journal of Economics, 107, pp Solow R.M. (1956), A Contribution to the Theory of Economic Growth, Quarterly Journal of Economics, 70, pp Swan T.W. (1956), Economic Growth and Capital Accumulation, Economic Record, 32, pp Το Υ+όδειγ&α του Αντι+ροσω+ευτικού Νοικοκυριού.3 Romer (Κεφ. 2.Α), Benassy (Κεφ. 4.2, ), Αλογοσκούφης (Κεφ. 2).0 Cass D. (1965), Optimum Growth in an Aggregative Model of Capital Accumulation, Review of Economic Studies, 32, pp Koopmans T. (1965), On the Concept of Optimal Economic Growth, in The Economic Approach to Development Planning, Amsterdam, Elsevier.0 Ramsey F. (1928), A Mathematical Theory of Saving, Economic Journal, 38, pp Υ+οδείγ&ατα Ε+αλλήλων Γενεών.3 Romer (Κεφ. 2.Β), Benassy (Κεφ , 8), Αλογοσκούφης (Κεφ. 3).0 Blanchard O.J. (1985), Debts, Deficits and Finite Horizons, Journal of Political Economy, 93, pp Diamond P. (1965), National Debt in a Neoclassical Growth Model, American Economic Review, 55, pp Samuelson P.A. (1958), An Exact Consumption-Loan Model of Interest, with or without the Social Contrivance of Money, Journal of Political Economy, 66, pp Weil P. (1989), Overlapping Families of Infinitely-Lived Agents, Journal of Public Economics, 38, pp N3

4 4. Ο Εισοδη&ατικός Περιορισ&ός της Κυβέρνησης και οι ιαχρονικές Ε+ι+τώσεις της η&οσιονο&ικής Πολιτικής.3 Romer (Κεφ. 11), Benassy (Κεφ ), Αλογοσκούφης (Κεφ. 4) 0 Barro R.J. (1974), Are Government Bonds Net Wealth, Journal of Political Economy, 82, pp Blanchard O.J. (1985), Debts, Deficits and Finite Horizons, Journal of Political Economy, 93, pp Diamond P. (1965), National Debt in a Neoclassical Growth Model, American Economic Review, 55, pp Χρή&α και Οικονο&ική Μεγέθυνση3 Benassy (Κεφ. 11), Αλογοσκούφης (Κεφ. 5).0 Brock W. (1974), Money and Growth: The Case of Long Run Perfect Foresight, International Economic Review, 15, pp Sidrauski M. (1967), Rational Choice and Patterns of Growth in a Monetary Economy, American Economic Review, 57, pp Weil P. (1987), Permanent Budget Deficits and Inflation, Journal of Monetary Economics, 20, pp Weil P. (1991), Is Money Net Wealth, International Economic Review, 32, pp Υ+οδείγ&ατα Ενδογενούς Οικονο&ικής Μεγέθυνσης.3 Romer (Κεφ. 3), Benassy (Κεφ. 9), Αλογοσκούφης (Κεφ. 6).0 Arrow K.J. (1962), The Economic Implications of Learning by Doing, Review of Economic Studies, 29, pp Lucas R.E. Jr (1988), On the Mechanics of Economic Development, Journal of Monetary Economics, 22, pp Romer Paul (1986), Increasing Returns and Long Run Growth, Journal of Political Economy, 94, pp Alogoskoufis G. (2014), Endogenous Growth and External Balance in a Small Open Economy, Open Economies Review, 25, pp van der Ploeg F. and Alogoskoufis G. (1994) Money and Endogenous Growth, Journal of Money, Credit and Banking, 26, pp Κατανάλωση και Ε+ενδύσεις3 Romer (Κεφ. 8, 9), Benassy, (Κεφ. 14), Αλογοσκούφης (Κεφ. ).0 N4

5 Abel A. (1982), Dynamic Effects of Permanent and Temporary Tax Policies in a q model of Investment, Journal of Monetary Economics, 9, pp Abel A. (1990), Consumption and Investment, in Friedman B. and Hahn F. (eds), Handbook of Monetary Economics, Amsterdam, North Holland.0 Friedman M. (1957), A Theory of the Consumption Function, Princeton N.J., Princeton University Press.0 Gould J. (1968), Adjustment Costs in the Theory of Investment of the Firm, Review of Economic Studies, 35, pp Hall R. (1978), Stochastic Implications of the life cycle permanent income hypothesis: Theory and Evidence, Journal of Political Economy, 86, pp Hall R. and Jorgenson D. (1967), Tax Policy and Investment Behavior, American Economic Review, 57, pp Hayashi F. (1982), Tobin s marginal q and average q: A neoclassical interpretation, Econometrica, 50, pp Lucas R. (1967), Adjustment Costs and the Theory of Supply, Journal of Political Economy, 75, pp Η Αγορά Χρή&ατος, το Ε+ί+εδο Τι&ών και ο Πληθωρισ&ός3 Romer (Κεφ. 11.9), Benassy (Κεφ. 11), Αλογοσκούφης (Κεφ. 9).0 Cagan P. (1956), The Monetary Dynamics of Hyperinflation, in Friedman M. (ed), Studies in the Quantity Theory of Money, Chicago, University of Chicago Press.0 Clower R.W. (1967), A Reconsideration of the Microfoundations of Monetary Theory, Western Economic Journal, 6, pp Fischer S., Sahay R. and Vegh C. (2002), Modern Hyper and High Inflations, Journal of Economic Literature, 40, pp Lucas R.E. Jr (1980), Equilibrium in a Pure Currency Economy, in Kareken J.H. and Wallace N. (eds), Models of Monetary Economies, Minnesota, Federal Reserve Bank of Minneapolis.0 Lucas R.E. Jr. (1982), Interest Rates and Currency Prices in a Two Country World, Journal of Monetary Economics, 10, pp Patinkin D. (1956), Money, Interest and Prices, (2nd Edition, 1965), New York, Haprer and Row.0 Samuelson P.A. (1958), An Exact Consumption-Loan Model of Interest, with or without the Social Contrivance of Money, Journal of Political Economy, 66, pp N5

6 9. Η Νέα Κλασσική Θεωρία των Οικονο&ικών ιακυ&άνσεων3 Romer (Κεφ. 5), Benassy (Κεφ. 10), Gali (Κεφ. 2), Αλογοσκούφης (Κεφ. 10).0 King R.E. and Rebelo S.T. (1999), Resuscitating Real Business Cycles, Ch. 14 in Taylor J. B. and Woodford M. (1999), Handbook of Macroeconomics, (Volumes IA, IB, IC), Amsterdam, North-Holland. 0 Campbell John Y. (1994), Inspecting the Mechanism: An Analytical Approach to the Stochastic Growth Model, Journal of Monetary Economics, 33, pp Kydland F.E. and Prescott E.C. (1982), Time to Build and Aggregate Fluctuations, Econometrica, 50, pp Long J.B. and Plosser C.I. (1983), Real Business Cycles, Journal of Political Economy, 91, pp Lucas R.E. Jr and Rapping L. (1969), Real Wages, Employment and Inflation, Journal of Political Economy, 77, pp Prescott E.C. (1986), Theory Ahead of Business Cycle Measurement, Carnegie-Rochester Conference Series on Public Policy, 25, pp Alogoskoufis G. (1983), The Labor Market in an Equilibrium Business Cycle Model, Journal of Monetary Economics, 11, pp Alogoskoufis G. (1987), On Intertemporal Substitution and Aggregate Labor Supply, Journal of Political Economy, 95, pp Η Κεϋνσιανή Προσέγγιση και η Σχέση &εταξύ Ανεργίας και Πληθωρισ&ού3 Romer (Κεφ. 6.Α), Benassy, (Κεφ. 2), Αλογοσκούφης (Κεφ. 11)0 Friedman M. (1968), The Role of Monetary Policy, American Economic Review, 58, pp Hicks J.R. (1937), Mr Keynes and the Classics: A Suggested Interpretation, Econometrica, 5, pp Keynes J.M. (1936), The General Theory of Employment, Interest and Money, Macmillan, London.0 Phelps E.S. (1967), Phillips Curves, Expectations of Inflation and Optimal Unemployment over Time, Economica, 34, pp Phillips A.W. (1958), The Relationship between Unemployment and the Rate of Change of Money Wages in the United Kingdom, , Economica, 25, pp Samuelson P.A. and Solow R.M. (1960), Analytical Aspects of Anti-Inflation Policy, American Economic Review, 50, pp N6

7 11. Υ+οδείγ&ατα Σταδιακής Προσαρ&ογής Μισθών και Τι&ών3 Romer (Κεφ. 6.Β, 7), Benassy (Κεφ. 13), Αλογοσκούφης (Κεφ. 12).0 Taylor J.B. (1999), Staggered Price and Wage Setting in Macroeconomics, Ch. 15 in Taylor J. B. and Woodford M. (1999), Handbook of Macroeconomics, (Volumes IA, IB, IC), Amsterdam, North-Holland. 0 Calvo G. (1983), Staggered Prices in a Utility Maximizing Framework, Journal of Monetary Economics, 12, pp Fischer S. (1977), Long Term Contracts, Rational Expectations and the Optimal Money Supply Rule, Journal of Political Economy, 85, pp Gray Jo-Anna (1976), Wage Indexation: A Macroeconomic Approach, Journal of Monetary Economics, 2, pp Rotenberg J. (1982), Monopolistic Price Adjustment and Aggregate Output, Review of Economic Studies, 44, pp Taylor J. (1979), Staggered Wage Setting in a Macro Model, American Economic Review, 69, pp Alogoskoufis G. and Pissarides C. (1983), A Test of Price Sluggishness in the Simple Rational Expectations Model: UK, , Economic Journal, 93, pp Alogoskoufis G. and Smith R. (1991), The Phillips Curve and the Lucas Critique: Evidence from Exchange Rate Regimes, American Economic Review, 81, pp Alogoskoufis G. (1992), Monetary Accommodation, Exchange Rate Regimes and Inflation Persistence, Economic Journal, 102, pp Η Νέα Κεϋνσιανή Θεωρία των Οικονο&ικών ιακυ&άνσεων3 Romer (Κεφ. 7), Benassy (Κεφ. 13), Gali (Κεφ. 3, 4, 6), Αλογοσκούφης (Κεφ. 13).0 Christiano L.J., Eichenbaum M. and Evans C. (2005), Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy, Journal of Political Economy, 113, pp Goodfriend M. and King R.G. (1997), The New Neoclassical Synthesis and the Role of Monetary Policy, NBER Macroeconomics Annual, 12, pp King R.G. and Wolman A.L. (1996), Inflation Targeting in a St. Louis Model of the 21st Century, Federal Reserve Bank of St. Louis Review, 78, pp Smets F. and Wouters R. (2003), An Estimated Dynamic Stochastic General Equilibrium Model for the Euro Area, Journal of the European Economic Association, 1, pp N7

8 Yun T. (1996), Nominal Price Rigidity, Money Supply Endogeneity and Business Cycles, Journal of Monetary Economics, 37, pp Ανεργία Ισορρο+ίας και Σύζευξη στην Αγορά Εργασίας3 Romer (Κεφ. 10), Benassy (Κεφ. 16.5), Αλογοσκούφης (Κεφ. 14)0 Hall R.E. (1999), Labor Market Frictions and Employment Fluctuations Ch. 17 in Taylor J. B. and Woodford M. (1999), Handbook of Macroeconomics, (Volumes IA, IB, IC), Amsterdam, North-Holland. 0 Mortensen D.T. and Pissarides C.A. (1999), Job Reallocation, Employment Fluctuations and Unemployment, Ch. 18 in Taylor J. B. and Woodford M. (1999), Handbook of Macroeconomics, (Volumes IA, IB, IC), Amsterdam, North-Holland. 0 Pissarides C. (1985), Short Run Dynamics of Unemployment, Vacancies and Real Wages, American Economic Review, 75, pp Pissarides C. (2000), Equilibrium Unemployment Theory, MIT Press, Cambridge Mass.0 Shimer R. (2005), The Cyclical Behavior of Equilibrium Unemployment and Vacancies, American Economic Review, 95, pp N8

9 3 Εξέταση και Βαθ&ολόγηση3 Η τελική σας βαθ"ολογία θα εξαρτηθεί κατά 30% α,ό τη βαθ"ολογία των εβδο"αδιαίων ασκήσεων,ου θα,ρέ,ει να,αραδίδονται "ία εβδο"άδα "ετά την ανάρτησή τους, και κατά 70% α,ό το τελικό διαγώνισ"α. 0 N9