Links for Upper Undergraduate Macroeconomics Courses

Links for Upper Undergraduate Macroeconomics Courses

Reading List for Intermediate Macroeconomics

Lucas, “Understanding Business Cycles,” CR 1977. (This paper is entirely literary and sets out many of the stylized facts in clear English.)

Cochrane, “Shocks,” CR 1994. What are the shocks that drive economic fluctuations? (The paper is about 70% chat and 30% math. You can probably follow the chat even if you skip the math.)

Woodford, “Revolution and Evolution in Twentieth-Century Macroeconomics,” 1999. (This is one of the best short papers on the history of macroeconomic thought. It usefully distinguishes the Monetarists from the New Classicals from the RBC guys)

Sims, “Macroeconomics and Reality,” ECMA 1981. This paper introduces the SVAR framework and is about 50% math, 50% talk. You can pick up many of the main substantive points even without the math.

Eichenbaum, “Some Thoughts on Practical Stabilization Policy,” AER PP 1997.

Gordon, “The History of the Phillips Curve,” 2009 WP, has a nice summary.

Leeper, “Monetary Science, Fiscal Alchemy,” Jackson Hole 2010.

Reading List for Money & Banking

The U.S. Financial Crisis, 1992–2008”(A multimedia timeline that tracks the 2008 financial crisis, from buildup to aftermath.)

Atossa Araxia Abrahamian, “The Rock-Star Appeal of Modern Monetary Theory,” Nation, May 8, 2017. (Breif introduction of MMT)

Binyamin Appelbaum, “America’s Most Profitable Export: Money,” New York Times, March 9, 2019. (A short exploration of the role of the U.S. dollar as the global reserve currency and the effects of that status.)

Carlos Garcia Rawlins, Shaylim Castro, and Isaac Urrutia, “Venezuelans Rush to Shops Before Monetary Overhaul,” Reuters, updated August 22, 2018. (A photo essay that illustrates the effects of hyperinflation)

James Surowiecki, “A Brief History of Money,” IEEE Spectrum, May 30, 2012. (A detailed look at what money is and how it works, illustrated by historical examples.)

Harvard Business School Working Paper Summaries: Banks and Banking

Ben Bernanke’s Blog(Articles about monetary policy written by previous Fed’s chair)

Friedman, “The Role of Monetary Policy,” 1968.

Youtube Videos

Supplement materials in plain English for practical application.

Real Economy

Phillips curve by Khan Academy

Financial Markets

Explainers: Basic Financial Terms (Playlist) by the CISI

How The Economic Machine Works by Ray Dalio

But how does bitcoin actually work? by 3Blue1Brown

What Would Negative Interest Rates Mean For Consumers And The Economy? by CNBC

Managing Money in a Zero Interest Rate Environment by Bridgewater Associates

Banks and Central Banks

Banking explained (Basics) by Audi Bank

The Fed in Five | A History of the Federal Reserve by Federal Reserve Bank of St. Louis

Federal Reserve in Plain English by Federal Reserve Bank of St. Louis

Explainers | European Banking System (Playlist) by European Central Bank

Macroeconomics Database

U.S. macroeconomic data by American Economic Association

What Is FRED database? by Federal Reserve Bank of St. Louis

World Economic Database by DB.NOMICS

Penn World Table by Robert C. Feenstra, Robert Inklaar and Marcel P. Timmer

Our World in Data by Global Change Data Lab

Total Economy Database (TED) by the Conference Board

Google Dataset Search by Google

Zhengyang (Robin) Chen
Assistant Professor in Economics

My research interests include Macroeconomics and Monetary Economics, Time Series Analysis and Financial Economics.