Tag Archives: New York

International Monetary Economics Lecture 2

This lecture builds on last week's introduction to international monetary economics by introducing a basic macroeconomic framework based on national accounts, then moves on to contrast two ways of thinking about macroeconomic relationships--post-Keynesian and Neoclassical--and then finishes with the main workhorse model of monetary economics, IS-LM, which we extend slightly. Here are the lecture notes, more information on Bernanke-Blinder is here, and Here are the slides.

International Monetary Economics Lecture 2 from Stephen Kinsella on Vimeo.

Readings

Adrian, Estrella, and Shin Monetary Cycles, Financial Cycles, and the Business Cycle, NY Fed Staff Report 421 January 2010

E. Antoni, Money and finance: the heterodox views of R. Clower, A. Leijonhufvud and H. Minsky, Trento Working Paper 8/2009.

This is a great textbook description of ISLM.

Ric Holt et al, Empirical Post Keynesian Economics