Transcription of Lecture Notes in Macroeconomics
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Lecture Notes in Macroeconomics
Lecture Notes in MacroeconomicsJohn C. DriscollBrown University and NBER1 December 21, 20031 Department of Economics, Brown University, Box B, Providence RI 02912. Phone(401) 863-1584, Fax (401) 863-1970, web:http:\\ \ Copyright John C. Driscoll, 1999, 2000, 2001. All rightsreserved. Do not reproduce without permission. Comments welcome. I especiallythank David Weil, on whose Notes substantial parts of the chapters on Money andPrices and Investment are based. Kyung Mook Lim and Wataru Miyanaga provideddetailed corrections to typographical errors. Several classes of Brown students haveprovided suggestions and corrections. All remaining errors are Money and Definitions .. Prices .. Money .. The History of Money .. The Demand for Money .. The Baumol-Tobin Model of Money Demand .. Money in Dynamic General Equilibrium.
macroeconomics, with the writings of Keynes. Over the years, in response to problems fitting the model to empirical data and theoretical challenges, people have made Keynes’ thinking more mathematically precise. Many of the same conclusions remain. This section will essentially present these models as they developed historically.
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