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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.


PREFACE AND TABLE OF CONTENTS
 


CHAPTER 1
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

CHAPTER 2
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

CHAPTER 3
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

CHAPTER 4
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

CHAPTER 5
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

CHAPTER 6
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)

CHAPTER 7
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

CHAPTER 8
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

CHAPTER 9
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

CHAPTER 10
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

CHAPTER 11
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

CHAPTER 12
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

CHAPTER 13
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

CHAPTER 14
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

CHAPTER 15
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

CHAPTER 16
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

CHAPTER 17
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

CHAPTER 18
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

CHAPTER 19
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

CHAPTER 20
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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