Report4 - (a Write up a summary of the paper(b Which of the...

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University of Minnesota Spring 2010 Economics 3102 Intermediate Macroeconomics Reading Report 4 This reading report is due Thursday, April 22, at the beginning of the class. The maximum score is 10 points. Be sure to review the Syllabus for details about reading reports and their grading ! Feel free to contact me via e-mail if you have specific questions about the report. 1 Instructions for the report By now your knowledge of macroeconomics has increased from what you knew from Econ 1102. This reading report, in a sense, is a continuation (or epilogue?) of your first reading report (“ A quick refresher course in macroeconomics” by N. Gregory Mankiw). Hence, I want you to read the paper “ Modern macroeconomics in practice: How theory is shaping policy” by V.V. Chari and Patrick Kehoe. 1 Once you've read it, 2 do the following:
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Unformatted text preview: (a) Write up a summary of the paper. (b) Which of the three key developments seems more relevant to you? Which seems the least important? Explain why this is so. (c) Write up two or three paragraphs of any particular issue which seems of interest to you. This report should be at least two pages long. Use a standard size 12 font and double-space your typing (leave margins of 1 to 1.5 inches on all sides). 1 The formal reference is Chari, V.V., and Patrick Kehoe (2006), \Modern macroeconomics in practice: How theory is shaping policy," Federal Reserve Bank of Minneapolis Sta_ Report 376. By the way, professors Chari and Kehoe are senior faculty at the Department of Economics 2 Yes, it seems long at 51 pages total, but it's double-spaced and pages 34-51 contain the references, notes, and figures....
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