目次

Introduction.- 1. Macroeconomics.- 2. Mathematical Tool: Dynamical Systems.- 3. Book Layout.- Part I: Models with Flexible Prices.- Chapter 1 - The Representative Agent Model.- 1. Basic Model.- 2. Economy with a Government.- 3. Monetary Economy.- 3.1 Monetary Policy Rule: Money Stock Control.- 3.2 Monetary Policy Rule: Nominal Interest Rate Control.- 4. Real Business Cycles.- 5. Exercises.- Chapter 2 - The Open-Economy Representative Agent Model.- 1. Goods Aggregation.- 2. Constant Rate of Time Preference.- 3. Variable Rate of Time Preference.- 3. Interest Rate Risk Premium.- 4. The New Keynesian IS Curve.- 5. Exercises.- Chapter 3 - Overlapping Generations.- 1. Infinite-Live Overlapping Generations.- 2. Economy with a Government.- 3. Open Economy.- 4. Open Economy New Keynesian IS Curve.- 5. Finite-Lice Overlapping Generations.- 6. Exercises.- Chapter 4 - The Solow Growth Model.- 1. The Solow Model.- 2. The Solow Model with Human Capital.- 3. The Solow Model in the Small Open Economy.- 4. Growth Accounting.- 5. Exercises.- Chapter 5 - Economic Growth: Endogenous Savings and Growth.- 1. The Ramsey-Cass-Koopmans Model.- 2. Overlapping Generations Model.- 3. Endogenous Growth Models: An Introduction.- 4. The AK Model.- 5. The Acemoglu-Ventura AK Model of an Open Economy.- 6. The Lucas Human Capital Model.- 7. Romer’s Varieties of Inputs Model.- 8. Aghion and Howit’s Schumpeterian Model.- 9. Exercises.- Part II: Models with Sticky Prices.- Chapter 6 - Keynesian Models: The IS and LM Curves, the Taylor Rule, and the Phillips Curve.- 1. The Keynesian IS Curve.- 2. The New Keynesian IS Curve.- 2.1. Consumer Preferences.- 2.2. Consumer Equilibrium: The Euler Equation.- 2.3. The New Keynesian IS Curve: Discrete Variables.- 2.4. New Keynesian IS Curve: Continuous Variables.- 3. Natural Interest Rate.- 4. The LM Curve.- 5. The LM Curve: Microfoundations.- 5.1. Money in the Utility Function (MIU).- 5.2. Cash in Advance Constraint (CIA).- 5.3. Transaction Cost.- 6. The Taylor Rule.- 7. The Phillips Curve.- 8. The New Keynesian Phillips Curve.- 9. Exercises.- Chapter 7 - Economic Fluctuation and Stabilization.- 1. Keynesian Model: Inflation Inertia.- 2. Keynesian Model: No Inflation Inertia.- 3. New Keynesian Model.- 4. Encompassing Keynesian Model.- 5. Friedman’s Model.- 6. Exercises.- Chapter 8 - Open Economy Macroeconomics.- 1. Arbitrage Pricing of Goods and Services.- 1.1. Absolute Purchasing Power Parity.- 1.2. Relative Purchasing Power Parity.- 1.3. Tradable and Non-Tradable Goods.- 1.4. Terms of Trade and Real Exchange Rate.- 2. Interest Rate Arbitrage.- 2.1. Uncovered Interest Rate Parity.- 2.2. Exchange Rate Determination.- 2.3 Covered Interest Rate Parity.- 2. 4. Uncovered Real Interest Rate Parity.- 3. The Marshall-Lerner Condition.- 4. Open Economy IS Curve.- 4.1 Keynesian IS Curve.- 4.2. New Keynesian IS Curve.- 5. Natural Exchange Rate.- 6. Open Economy Taylor Rule.- 7. Open Economy Phillips Curve.- 7.1 Keynesian Phillips Curve.- 7.2 New Keynesian Phillips Curve.- 8. Exercises.- Chapter 9 - Economic Fluctuation and Stabilization in an Open Economy.- 1. Mundell-Fleming-Dornbusch Model: Fixed Exchange Rate.- 2. Extended Mundell-Fleming-Dornbusch Model: Fixed Exchange Rate.- 3. New Keynesian Model: Fixed Exchange Rate.- 4. Mundell-Fleming-Dornbusch Model: Flexible Exchange Rate.- 5. Extended Mundell-Fleming-Dornbusch Model: Flexible Exchange Rate.- 6. New Keynesian Model: Flexible Exchange Rate.- 7. Exercises.- Part III: Models of Monetary and Fiscal Policies.- Chapter 10 - The Government Budget Constraint.- 1. Treasury and Central Bank Accounts Consolidation.- 2. 2. Public Debt Sustainability.- 2.1. Constant Primary Deficit (Surplus).- 2.2. Variable Primary Deficit (Surplus).- 3. Inflation Tax.- 4. Hyperinflation.- 4.1. Bubble.- 4.2. Multiple Equilibria.- 4.3. Fiscal Crisis and Rigidity.- 4.4. Intertemporal Approach: Fiscal Crisis and Rational Expectations.- 5. Ricardian Equivalence.- 6. Fiscal Theory of the Price Level.- 7. Sustainable Monetary Regime.- 8. Exercises.- Chapter 11 - Monetary Theory and Policy.- 1. Price of Money.- 1.1 Bubbles vs. Fundamentals.- 1.2 Multiple Equilibria.- 1.3 Indeterminacy.- 2. Optimum Quantity of Money.- 3. Zero Lower-Bound Nominal Interest Rate.- 4. Dynamic Inconsistency.- 5. Interest Rate Smoothing.- 5.1 Keynesian Model.- 7.2 New Keynesian Model.- 6. Inflation Targeting.- 7. Operational Monetary Policy Procedures.- 8. The Term Structure of Interest Rates.- 9. Exercises.- Part IV: Mathematical Appendix.- Appendix A - Differential Equations.- 1. First-Order Linear Differential Equation.- 2. Second-Order Linear Differential Equation.- 3. First-Order Linear Differential Equations System.- 4. Linear System of n First-Order Differential Equations.- 5. Initial and Terminal Conditions of the Differential Equations System’s Solution.- 6. Hysteresis.- 7. Exercises.- Appendix B - Optimal Control Theory.- 1. Optimal Control: Basic Problem.- 2. Hamiltonian and Transversality Condition.- 3. Optimal Control with a Discount Rate and Infinite Horizon.- 4. Linear Optimal Control.- 5. Comparative Dynamics.- 5.1 Permanent Change: Unanticipated vs. Anticipated.- 5.2 Transitory Change: Unanticipated vs. Anticipated.- 6. Exercises.- Appendix C - Finite Differences Equations.- 1. First-Order Finite Differences Equation.- 2. Forward- and Backward-Looking Models.- 3. Keynesian Model.- 4. New Keynesian Model.- 5. Encompassing Keynesian Model.- 6. Hybrid Models.- 7. Hybrid New Keynesian Model.- 8 Exercises