Started teaching on Wednesday. Here’re some graphs in the intro lecture on macro policy (now that content is gated, and only accessible to students).
Where we are: GDP
Where we are: inflation
Where we are: Implications of the static Taylor rule
Unconventional monetary policy: Credit easing, credit tightening
Unconventional monetary policy: forward guidance
The (bivariate) Phillips curve
The dollar and the trade balance
Trade war? 10% tariffs and GDP
Trade war? 10% tariffs and inflation
Trade war: 60% China tariffs and GDP
Trade war: 60% China tariffs and inflation
Federal debt and real interest rates
CBO on regional temperature increase for global degree increase (3 degrees is median)
CBO on regional precipitation increase for global temperature increase (3 degrees is median)
CBO on regional temperature increase for global 2 foot increase (2 feet is median)
Syllabus is here. Textbook is Blanchard, Macroeconomics 9/e. For those who question the methodological approaches incorporated in the class (remember this rant?), see the Blanchard’s bio here:
Olivier Blanchard is the Robert M. Solow Professor of Economics emeritus at the Massachusetts Institute of Technology (MIT) and the C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics. A citizen of France, Blanchard has spent most of his professional life in the United States. After obtaining his PhD in economics from MIT in 1977, he taught at Harvard University and returned to MIT in 1982. He was chair of the economics department from 1998 to 2003. In 2008, he took a leave of absence to serve as economic counsellor and director of the research department at the International Monetary Fund where he stayed until 2015. He then joined the Peterson Institute.
Blanchard has worked on a wide set of macroeconomic issues, including the role of monetary and fiscal policy, speculative bubbles, the labor market and determinants of unemployment, economic transition in former communist countries, and the nature of the Global Financial Crisis. In the process, he has worked with numerous countries and international organizations.
Blanchard is the author of many books and articles, including two textbooks on macroeconomics, one at the graduate level with Stanley Fischer and the other at the undergraduate level. He is a past editor of the Quarterly Journal of Economics and the NBER Macroeconomics Annual and founding editor of American Economic Journal: Macroeconomics. He is a fellow and former Council member of the Econometric Society, a past president of the American Economic Association, and a member of the American Academy of Arts and Sciences.