Gabriel’s friend is leaving for US and he is asking for some advice on an advanced macroeconomics text book he wants his friend to bring from the states;
“I decided to get Recursive Methods in Economic Dynamics (Stokey, Lucas, Prescott) because, frankly, I need all the help I can get with the math required by most contemporary macro. models. I hope the content is still relevant (I see it’s from ‘89), but even if it’s not 100% up-to-date, I like the authors and I’ll be more than satisfied if I manage to learn everything in there.Now, for the thornier issue… I can afford another book. And this where you, my loyal audience, come in. Can you suggest a textbook-like volume, which includes as many of the following characteristics as possible?”
Read his entire post.
Related;
Mankiw G.N. (1990) "A quick refresher course in macroeconomics"
Plosser C.I. (1989) "Understanding real business cycles"
Stadler G.W. (1994) "Real business cycles"
Romer D. (1993) "The new Keynesian synthesis"
Blanchard O.J. e L.F. Katz (1997) "What we know and do not know about the natural rate of unemployment"
Thomas J. Sargent’s recommended maths courses at Stanford
Recursive Macroeconomic Theory, 2nd Edition (sample chapters)
Philippon, T., and R. Segura-Cayuela. "Everything You Always Wanted to Know about RBCs but were Afraid to Ask."
Blanchard, O. "What Do We Know About Macroeconomics that Fisher and Wicksell Did Not?"
NBER Papers in Economic Fluctuations and Growth
Thanks for your suggestions and trackback!
I basically need something like Sargent's stuff, but easier and more applied, more data-centric. Sargent is very difficult but everybody loves his work. I have his "Recursive Macro. Theory" text but it's too difficult for me right now. Maybe in a few years.
Thanks again! -- Gabriel