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Lecture 3 Supplement

Lecture 3 Supplement - Fall 2011 University of California...

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Fall 2011 Christina Romer University of California, Berkeley David Romer ECONOMICS 210C / ECONOMICS 236A MACROECONOMIC HISTORY SUPPLEMENTAL READINGS SEPTEMBER 14 – VECTOR AUTOREGRESSIONS Sims, Christopher A. 1980. “Comparison of Interwar and Postwar Business Cycles: Monetarism Reconsidered.” American Economic Review 70 (May): 250-257. Sims, Christopher A. 1980. “Macroeconomics and Reality.” Econometrica 48 (January): 1-48. Stock, James H., and Mark W. Watson. 2001. “Vector Autoregressions.” Journal of Economic Perspectives 15 (Fall): 101-115. Cooley, Thomas F. and Stephen F. LeRoy. 1985. “Atheoretical Macroeconomics: A Critique.” Journal of Monetary Economics 16 (November): 283-308. Bernanke, Ben S., and Alan S. Blinder. 1992. “The Federal Funds Rate and the Channels of Monetary Transmission.” American Economic Review 82 (September): 901-921. Rudebusch, Glenn D. 1998. “Do Measures of Monetary Policy in a VAR Make Sense?” International Economic Review 39 (November): 907-931. See also the comment by Sims and the rejoinder by Rudebusch (pp. 933-941 and 943-948).
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