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Chapter Supplements from Instructor's Resources (for use with Mankiw's Macroeconomics, ninth edition)


I have prepared the following supplements to accompany the text material. These can be downloaded in PDF format from Google drive using the secure link I've provided.


1-1        The Recent Behavior of U.S. Economy: A Guide to the Case Studies
1-2        Presidential Elections and the Economy
1-3        When Is the Economy in a Recession?
1-4        Economy Rhetoric
1-5        Additional Readings

2-1        Measuring Output
2-2        Nominal and Real GDP Since 1929
2-3        Chain-Weighted Real GDP
2-4        The Components of GDP (Case Study)
2-5        Defining National Income (Case Study)
2-6        Seasonal Adjustment and the Seasonal Cycle
2-7        Measuring the Price of Light
2-8        Improving the CPI
2-9        CPI Improvements and the Decline in Inflation During the 1990s
2-10      The Billion Prices Project
2-11      Alternative Measures of Unemployment
2-12      Improving the National Accounts

3-1        How Long is the Long Run? Part One
3-2        What Is Capital?
3-3        Labor’s Share of Output in the United Kingdom
3-4        The Consumption Function
3-5        Economist’s Terminology
3-6        Public and Private Saving
3-7        Wars and Interest Rates
3-8        A First Look at Nominal and Real Interest Rates

4-1        Money as a Medium of Exchange: “The Search Model”
4-2        If You Think the Island of Yap Has Problems… (Case Study)
4-3        More on Credit Cards
4-4        Financial Innovation, Near Money, and the Demise of Monetary Aggregates
4-5        Checks Without Banks: The Irish Banking Strike
4-6        Additional Readings

5-1        The Velocity of Money in Poetry and Song
5-2        Data on Money Growth and Inflation (Case Study)
5-3        Seigniorage as an Inflation Tax
5-4        Deriving the Fisher Equation
5-5        Using Interest Rates to Forecast Inflation (Case Study)
5-6        Transaction Models of Money Demand
5-7        Inflation and Economic Growth
5-8        The Welfare Costs of Inflation and the Optimum Quantity of Money
5-9        The Welfare Costs of Inflation Revisited
5-10      Indexation
5-11      U.S. Treasury Issues Indexed Bonds
5-12      A Guide to Oz (Case Study)
5-13      Are Monetary Allegories in the Eye of the Beholder? The Case of Mary Poppins (Case Study)
5-14      How to Stop a Hyperinflation
5-15      The Israeli Hyperinflation
5-16      Additional Readings

6-1        The Terminology of Trade
6-2        Saving and Investment in Open Economies
6-3        The Open Economy in the Very Long Run
6-4        Tourism and the Exchange Rate
6-5        The Exchange Rate and the Inflation Rate (Case Study)
6-6        Covered Interest Parity
6-7        Purchasing-Power Parity and Real Exchange Rates
6-8        More on the Big Mac and PPP (Case Study)

7-1        Social Costs of Unemployment
7-2        Job Finding and Job Separation
7-3        A More General Theory of the Natural Rate of Unemployment
7-4        Dutch Male Unemployment and Unemployment Benefits (Case Study)
7-5        Robert Lucas and $500 Bills
7-6        More on the Minimum Wage
7-7        Minimum Wages and Efficiency Wages (Case Study)
7-8        Implicit Contracts
7-9        The Two Views of Unions
7-10      Efficiency Wages I: The Solow Condition
7-11      Efficiency Wages II: The Shapiro–Stiglitz Model
7-12      Efficiency Wages and Wage Differentials
7-13      More on Henry Ford (Case Study)
7-14      More on the Duration of Unemployment (Case Study)
7-15      Trends in Unemployment
7-16      The Secrets to Happiness
7-17      Additional Readings

8-1        How Long Is the Long Run? Part Two
8-2        Growth Facts
8-3        Does the Solow Model Really Explain Japanese Growth? (Case Study)
8-4        The Decline in the U.S. Saving Rate
8-5        Growth Rates, Logarithms, and Elasticities
8-6        Labor-Force Participation
8-7        Bridge Jobs and the Transition to Retirement
8-8        How Much Variation in Per-Capita Output Is Explained by s and n? (Case Studies)
8-9        The Solow Model: An Intuitive Approach. Part One
8-10      Additional Readings

9-1        More on the Convergence Hypothesis
9-2        Convergence of Income Across the United States
9-3        The Economics of Ideas
9-4        Green Growth
9-5        Corruption and Growth
9-6        Income Inequality and Growth
9-7        The Solow Growth Model: An Intuitive Approach—Part Two
9-8        More on the Productivity Slowdown (Case Study)
9-9        More on the New Economy (Case Study)
9-10      Additional Readings

10-1        The Dating of Business Cycles
10-2        Understanding Business Cycles I: The Stylized Facts
10-3        Are Prices Sticky? I: Evidence from Individual Transactions (Case Study)
10-4        Are Prices Sticky? II: Mail-Order Evidence (Case Study)
10-5        Price Stickiness and Pareto Efficiency
10-6        Velocity and the 1982 Recession
10-7        Understanding Business Cycles II: Modeling Cycles
10-8        The Economy in the Long Run and the Very Long Run: Summary of Parts II and III and Introduction to Part IV
10-9        The Cost of Business Cycles
10-10      Additional Readings

11-1        The Key Features of the IS–LM Model
11-2        Mr. Keynes and the Classics: The Art of Modeling
11-3        The IS–LM Model: A Critical Evaluation
11-4        Additional Readings

12-1        Do High Deficits Cause High Interest Rates?
12-2        Macroeconometric Models
12-3        Credit Rationing and the Great Depression
12-4        The Simple Algebra of the IS–LM Model and Aggregate Demand Curve
12-5        Proportional Income Taxes and the IS Curve
12-6        Additional Readings

13-1        The Dependence of Net Exports on GDP
13-2        The Rise in the Dollar, 1979–1982
13-3        Can World Financial Markets Usurp the Power of the Federal Reserve?
13-4        Bretton Woods
13-5        Finland in the 1990s
13-6        The Mundell–Fleming Model in Y–r Space
13-7        Uncovered Interest Parity
13-8        Interest-Rate Differentials in the European Monetary System
13-9        The Dornbusch Overshooting Model
13-10      Mexico’s Foreign Exchange Reserves (Case Study)
13-11      Exchange-Rate Volatility
13-12      The Federal Reserve and the European Central Bank (Case Study)
13-13      Additional Readings

14-1        The Sticky-Wage Model
14-2        Real Wages over the Business Cycle
14-3        The Worker-Misperception Model
14-4        Anticipated and Unanticipated Money (Case Study)
14-5        Is Price Flexibility Stabilizing?
14-6        How Long Is the Long Run? Part Three
14-7        Policy Ineffectiveness
14-8        Did the NAIRU Decline in the 1990s? (Case Study)
14-9        Costs of Disinflation (Case Study)
14-10      The Unequal Costs of Disinflation (Case Study)
14-11      “The Poincaré Miracle”
14-12      Hysteresis and the Long-Run Phillips Curve
14-13      Unemployment in the United Kingdom in the 1980s
14-14      Additional Readings

15-1        How a Real Business Cycle Model Is Constructed
15-2        The Microeconomics of Labor Supply
15-3        Quits and Layoffs
15-4        Involuntary Unemployment and Overqualification
15-5        Why Technology Shocks Are So Important in Real Business Cycle Models
15-6        Real Business Cycles and Random Walks
15-7        Inflation Inertia
15-8        Volatility and Growth
15-9        How Long Is the Long Run? Part Four
15-10      Additional Readings

16-1        The Components of Consumption
16-2        The Stock Market and Consumer Spending
16-3        Saving and the Fear of Nuclear War
16-4        The 1975 Tax Cut (Case Study)
16-5        Do Consumers Anticipate Changes in Social Security Benefits? (Case Study)
16-6        Is Unemployment Insurance Really an Automatic Stabilizer?
16-7        Additional Readings

17-1        The Short Run and the Long Run: Investment and the Capital Stock
17-2        Asset Pricing I: Why Do We Care?
17-3        Asset Pricing II: Stock Prices and Efficient Markets
17-4        Asset Pricing III: Bond Prices and the Term Structure of Interest Rates
17-5        Asset Pricing IV: Bubbles, Excess Volatility, and Fads
17-6        Asset Pricing V: The Capital-Asset Pricing Model
17-7        Financing Constraints in Japanese Firms
17-8        Taxes, Babies, and Housing
17-9        The Tax Treatment of Housing
17-10      The Importance of Inventories
17-11      Inventories and Production Smoothing
17-12      Production Smoothing and Coordination Failure
17-13      The Multiplier-Accelerator Model
17-14      Additional Readings

18-1        Menu Costs, Imperfect Competition, and the Welfare-Improving Effects of Policy
18-2        Profit Sharing as an Automatic Stabilizer
18-3        Leading Indicators in Action
18-4        The Pitfalls of Forecasting (Case Study)
18-5        Are Forecasters Rational? (Case Study)
18-6        Microfoundations and Aggregation
18-7        Spare a Thought for the Empirical Macroeconomist (Case Study)
18-8        The Response to Romer (Case Study)
18-9        Distrust of Policymakers
18-10      The Political Business Cycle
18-11      The Political Business Cycle at Its Worst
18-12      The Economy Under Democratic and Republican Presidents
18-13      Price Level Versus Inflation Targeting
18-14      Inflation Targeting (Case Study)
18-15      Central-Bank Independence and Growth (Case Study)
18-16      Measuring Central-Bank Independence (Case Study)
18-17      Additional Readings

19-1        Debt and Deficits: The Data
19-2        How Important Is Crowding Out? (Case Study)
19-3        Structural and Cyclical Deficits
19-4        Generational Accounting
19-5        The Government Budget Constraint
19-6        Borrowing Constraints Using the Fisher Diagram
19-7        Social Security Benefits and Ricardian Equivalence
19-8        Is Everything Neutral?
19-9        Does Altruism Matter? (Case Study)
19-10      Unpleasant Monetarist Arithmetic
19-11      Inflation Indexed Bonds and Expected Inflation (Case Study)
19-12      Additional Readings

20-1        The Perils of Employee Stock Ownership
20-2        How Does Financial Development Affect Growth?
20-3        Does Financial Development Cause Growth?
20-4        Financial Development and Industrial Structure
20-5        Unit Banking and Economic Growth
20-6        The Money Multiplier During the Financial Crisis of 2008–2009
20-7        Banks Hoard Reserves During the Financial Crisis
20-8        The Fed's Senior Loan Officer Survey
20-9        The Tax Treatment of Housing
20-10      More on the Fed's Rescue Programs
20-11      Exit Strategies for the Fed
20-12      Greenspan Warns About Government Budget Surpluses
20-13      The Squam Lake Report
20-14      Additional Readings

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