Reading list
This section contains literature on topics we are currently reading.
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Aggregate demand shocks
Aggregate Demand, Idle Time, and Unemployment - Michaillat and Saez (2015)
Optimal Public Expenditure with Inefficient Unemployment Michaillat and Saez (2018) [follow up from previous]
A Macroeconomic Approach to Optimal Unemployment Insurance: Theory Landais, Michaillat and Saez (2018) [follow up from previous]
Demand Induced Fluctuations - Huo and Ríos-Rull (2020)
The “Matthew effect”and market concentration: Search complementarities and monopsony power - Fernández-Villaverde, Mandelman, Yu and Zanetti (2021)
Search Complementarities, Aggregate Fluctuations, and Fiscal Policy (2022) Fernández-Villaverde, Mandelman, Yu and Zanetti [follow up from previous]
The Natural Rate Hypothesis: An idea past its sell-by-date - Farmer (2013) [and pretty much anything this man has written in the past 20 years]
Growth with a financial sector
Hysteresis and Business Cycles - Cerra, Fatás and Saxena (2023)