Monetary and Fiscal Policy
Fall 2014
Jeffrey Parker, Reed College
Money is a veil, but when the veil flutters, real output sputters.
-Attributed to John G. Gurley
Class News
- [12/11] As promised, my class notes for the semester are now available.
- [12/10] One question on the final exam will ask you to assess the current fiscal-policy position of the United States and to recommend how (if at all) fiscal policy should change in the next two years. You should take into account the current and projected macroeconomic situation, the likely effects of any fiscal-policy changes, and their impact on the U.S. government deficit and debt.
- [12/5] Reading assignments for final week
- 12/8: Persson/Svensson and Tabellini/Alesina
- 12/10: Grilli et al. and Manacorda et al.
- [11/30] Essay assignment #2 is now posted. It is due before class on Wednesday, December 10.
- [11/26] Reading assignments for the first week in December
- 12/1: Read the two White chapters and the first two chapters of Alesina/Roubini
- 12/3: Read Alesina/Roubini Ch 3 & 4, plus Blinder/Watson paper
- 12/5: Everyone read Alesina/Summers and the Blinder chapter
- Fischer and Tarullo groups read Acemoglu et al.
- Rosengren and Kocherlakota groups read Loungani/Sheets
- [11/11] The first essay assignment on monetary and fiscal policy is now posted on the site. It is due before class on Wednesday, November 19.
- [11/11] Dates on the reading list have been updated for the remainder of the semester.
- [10/27] A Web page devoted to the Federal Reserve Monetary Policy Symposium will be updated regularly as new information arrives.