U.C. Berkeley, Department of Economics 
Spring Semester, 2005

Macro/Growth Reading Group

Wednesdays, Noon - 1pm in 597 Evans
(Bring Your Own Lunch)

February 2
Organizational Meeting
Pick Papers
February 9
Brad Delong
Melitz (2003) "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity"
February 16
Rob Johnson
Eaton and Kortum (2002) "Technology, Geography, and Trade" Econometrica
February 23
Dean Scrimgeour
Alvarez and Lucas (2004) "General Equilibrium Analysis of the Eaton-Kortum Model of International Trade"
March 2
Chad Jones
Grossman and Lai (2004) "International Protection of Intellectual Property"
March 9
Joe Rosenberg
Antras, Garicano, and Rossi-Hansberg "Offshoring in a Knowledge Economy"
March 16
Chang Hsieh
Manuelli and Seshadri "Human Capital and the Wealth of Nations"
March 23

Spring Break
March 30
Danny Givon
Klein and Ventura (2004) "Do Migration Restrictions Matter?"
April 6
Pierre-Olivier Gourinchas
Angeletos and Werning: Crises and Prices: Information Aggregation, Multiplicity and Volatility
April 13
---

April 20
Brad DeLong
Baker, DeLong, and Krugman, "Asset Returns and Economic Growth"
April 27
Danny Givon
Parente and Prescott, "A Unified Theory of the Evolution of International Income Levels"
May 4
Rob Johnson
Klenow and Hummels, "The Variety and Quality of a Nation's Exports"


  Please send an email to chad@econ if you would like to receive announcements or would like to lead one of the discussions.


Here are some possibilities for papers that we could read.  Feel free to suggest others (Thanks to Pierre-Olivier): 


Suggestions

Alvarez and Lucas (2004) "General Equilibrium Analysis of the Eaton-Kortum Model of International Trade"
Rigobon and Rodrik (2004) "Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships"
Golosov and Lucas (2003), "Menu Costs and Phillips curves",
Brunnermeier and Parker "Optimal Expectations"
Besley and Burgess (2004 Feb QJE) "Can Labor Regulations Hinder Economic Performance,
     Evidence from India"
Benabou (2004) "Inequality, Technology, and the Social Contract" (NBER WP 10371)
Basu and Fernald (2002) "Aggregate Productivity and Aggregate Technology" (EER)

Handbook of Economic Growth chapters:here.
Recent NBER Working Papers:  here.

  1. recent trade lit with heterogenous firms
2. Bernard, Eaton, Kortum, "Plants and Productivity in International Trade"
(2003), AER February 03
3. antras and helpman "global sourcing", forthcoming JPE

2. recent work on bubbles;
1. Abreu and Brunnermeier (2003), "Bubbles and Crashes"
2. Santos and Woodford (1997) econometrica: rational asset pricing bubbles

3. optimal fiscal policy/the size of the government/political economy
0. Niepelt (2004 Feb, QJE) "The Fiscal Myth of the Price Level"
1. krusell and rios-rull (1997) "politico-economic equilibrium and economic
growth
"
2. krusell, quadrini and rios-rull (1999), "on the size of the U.S.
government"

3. Hassler, Mora, Soresletten and Zilibotti (2003) "The survival of the
welfare state
", AER 2003
4. Hassler, Mora, Soresletten and Zilibotti (2003) "dynamic political choice
in macroeconomics
"
5. Chari and Kehoe (1990): sustainable plans
6. Klein Krusell and Rios-Rull (2003): time consistent public expenditures
7. Albanesi and Sleet, "Dynamic Optimal Taxation with Private Information",
June 2003

4: heterogenous expectations, lack of common knowledge and macroeconomics
-allen, morris and shin: beauty contests and iterated expectations in asset markets
-morris and shin: social value of public information
-angeletos and hellwig: Information Dynamics and Equilibrium Multiplicity in Global Games of Regime Change, NBER WP 11017
- angeletos and werning: Crises and Prices: Information Aggregation, Multiplicity and Volatility, NBER WP 11015
-hellwig, mukherji and tsyvinski: Coordination Failures and Asset Prices