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課 |
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課程單元 |
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閱讀資料 |
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1 |
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跨期的偏好；景氣循環波動及成長之福利成本
Intertemporal Preferences; Welfare Costs of Business Cycle Fluctuations vs. Growth |
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Deaton, Angus.，《了解消費》，紐約，牛津大學出版社，1992，第1章，第1.1, 1.2及1.4段
Deaton, Angus. Understanding Consumption. New York: Oxford University Press, 1992, chap. 1, sections 1.1, 1.2 and 1.4.
Lucas, Jr., Robert E. ，《景氣循環模型》，牛津，Blackwell, 1987, 第3章
Lucas, Jr., Robert E. Models of Business Cycles . Oxford: Blackwell, 1987, chap. 3.
進一步閱讀：
Further Readings:
Epstein, Larry G., 與 Stanley E. Zin.，〈替代、風險趨避和消費及資產報酬之時間行為：實證分析〉，《政治經濟學》99卷2期 (April 1991) ，第263-286頁
Epstein, Larry G., and Stanley E. Zin. "Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: An Empirical Analysis." Journal of Political Economy 99, no. 2 (April 1991): 263-286.
Epstein, Larry G., 與Stanley E. Zin.，〈替代、風險趨避和消費及資產報酬之時間行為：理論架構〉，《計量經濟學》57卷4期 (July 1989)，第937-969頁
Epstein, Larry G., and Stanley E. Zin. “Substitution, Risk Aversion, and the Temporal Behavior of Consumption and Asset Returns: A Theoretical Framework.” Econometrica 57, no. 4 (July 1989): 937-969.
Weil, Philippe.，〈總體經濟之非預期效用〉，《經濟學季刊》105卷1期 (February 1990)，第29-42頁
Weil, Philippe. “Non-expected Utility in Macroeconomics.” Quarterly Journal of Economics 105, no. 1 (February 1990): 29-42.
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2 & 3 |
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特定均等恆常所得；證據；過度敏感與過度平穩；Euler 均等測試
Certainty Equivalence Permanent Income; Evidence; Excess Sensitivity and Excess Smoothness; Euler Equation Tests |
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Blanchard, Olivier J.與 Stanley Fisher.，《總體經濟之講稿》，麻州劍橋，麻省理工學院出版社，1989，第6.2段
Blanchard, Olivier J., and Stanley Fisher. Lectures on Macroeconomics. Cambridge, Mass.: MIT Press, 1989, section 6.2.
Deaton, Angus. ，《了解消費》，第2, 3, 4, 5章
Deaton, Angus. Understanding Consumption. Chaps. 2, 3, 4 and 5.
Abel, Andrew.，〈消費及投資〉，《貨幣經濟學手冊》，Benjamin M. Friedman 與 Frank Hahn. Amsterdam編輯，North-Holland，1990，第2冊，第14章
Abel, Andrew. "Consumption and Investment." In Handbook of Monetary Economics. Edited by Benjamin M. Friedman and Frank Hahn. Amsterdam: North-Holland, 1990. Vol. II, chap. 14.
Attanasio, Orazio P.，〈消費需求〉，《總體經濟學手冊》，John B. Taylor 與 Michael Woodford. Amsterdam編輯，North-Holland，1999，第1B冊，第11章
Attanasio, Orazio P. "Consumption Demand." In Handbook of Macroeconomics. Edited by John B. Taylor and Michael Woodford. Amsterdam: North-Holland, 1999. Vol. 1B, chap. 11.
Campbell, John Y., 與 N. Gregory Mankiw.，〈消費，所得及利率：重新解釋時間序列之證據〉，《NBER Macroeconomics Annual 1989》，劍橋，麻省理工學院出版社，1989，第185-216頁，(NBER工作底稿 第w2924號)
Campbell, John Y., and N. Gregory Mankiw. "Consumption, income and interest rates: reinterpreting the time series evidence." In NBER Macroeconomics Annual 1989. Cambridge, MA: MIT Press, 1989, pp. 185-216. (NBER Working Paper No. w2924.)
Carroll, Christopher, 與 Larry Summers.〈消費與所得平行成長：一些新的證據〉，《National Saving and Economic Performance》，B. Douglas Bernheimand 與 John Shoven. Chicago編輯，芝加哥，芝加哥大學出版社，1991，第305-343頁 (NBER工作底稿 第w3090號)
Carroll, Christopher, and Larry Summers. "Consumption Growth Parallels Income Growth: Some New Evidence." In National Saving and Economic Performance. Edited by B. Douglas Bernheimand and John Shoven. Chicago: The University of Chicago Press, 1991, pp305-343. (NBER Working Paper No. w3090.)
進一步閱讀：
Further Readings:
Hall, Robert，〈生命週期恆常所得假設之推測：理論與證據〉，《政治經濟學》86卷6期 (December 1978) ，第971-987頁
Hall, Robert. "Stochastic Implications of the Life Cycle Permanent Income Hypothesis: Theory and Evidence." Journal of Political Economy 86, no. 6 (December 1978): 971-987.
Flavin, Marjorie，〈消費行為之調整改變對未來所得之預期〉，《政治經濟學》89卷5期 (October 1981) ，第974-1009頁
Flavin, Marjorie. "The Adjustment of Consumption to Changing Expectations of about Future Income." Journal of Political Economy 89, no. 5 (October 1981): 974-1009.
Caballero, Ricardo J，〈耐久財：緩慢調整之原因說明〉，《政治經濟學》101卷2期 (April 1993) ，第351-384頁
Caballero, Ricardo J. "Durable Goods: An Explanation for Their Slow Adjustment." Journal of Political Economy 101, no. 2 (April 1993): 351-384.
Romer, David，《進階總體經濟》第2版，波士頓，McGraw-Hill，2001，第7章
Romer, David. Advanced Macroeconomics. 2nd ed. Boston: McGraw-Hill, 2001, chap. 7.
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4, 5 & 6 |
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預防動機的儲蓄；所得波動之問題 (緩衝庫存)
Precautionary Savings; Income Fluctuations Problem (Buffer Stock) |
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Ljungqvist, Lars 與 Thomas J. Sargent，《遞迴總體經濟理論》，劍橋，麻省理工學院出版社，2000，第13及14章
Ljungqvist, Lars, and Thomas J. Sargent. Recursive Macroeconomic Theory. Cambridge, Mass.: MIT Press, 2000, chap. 13 and 14.
Deaton, Angus，《了解消費》，第6及7章
Deaton, Angus. Understanding Consumption, chaps. 6 and 7.
Aiyagari, S. Rao，〈無保險之特有風險及儲蓄總量〉，《經濟學》109卷3期(August 1994)，第659-684頁
Aiyagari, S. Rao. "Uninsured Idiosyncratic Risk and Aggregate Savings." Quarterly Journal of Economics 109, no. 3 (August 1994): 659-684.
Krusell, Per, 與Anthony A. Smith Jr，〈總體經濟中所得與財富之異質性〉，《政治經濟學》106卷5期 (October 1998)，第867-896頁
Krusell, Per, and Anthony A. Smith Jr. "Income and Wealth Heterogeneity in the Macroeconomy." Journal of Political Economy 106, no. 5 (October 1998): 867-896.
進一步閱讀：
Further readings:
Carroll, Christopher，〈消費功能理論，包含與未包含借貸限制﹝詳述之版本﹞〉，NBER工作底稿第w8387號
Carroll, Christopher. "A Theory of the Consumption Function, with and without Borrowing Constraints (expanded version)." NBER Working Paper No. w8387.
Gourinchas, Pierre Olivier 與 Jonathan Parker，〈終生消費循環〉，《計量經濟學》70卷1期 (January 2002)，第47-91頁
Gourinchas, Pierre Olivier, and Jonathan Parker. "Consumption over the Life Cycle." Econometrica 70, no. 1 (January 2002): 47-91 .
Zeldes, Stephen P，〈最適化消費與隨機所得：確定性相等偏離〉，《經濟學》104卷2期 (May 1989)，第275-298頁
Zeldes, Stephen P. "Optimal Consumption with Stochastic Income: Deviations from Certainty Equivalence." Quarterly Journal of Economics 104, no. 2 (May 1989): 275-298.
Caballero, Ricardo J，〈收入不確定性及總財富累積〉，《American Economic Review》81卷4期(September 1991)，第859-871頁
Caballero, Ricardo J. "Earnings Uncertainty and Aggregate Wealth Accumulation." American Economic Review 81, no. 4 (September 1991): 859-871.
Huggett, Mark，〈不同動因構成在不完全保險經濟下之無風險利率〉，《動態經濟與控制》，17卷5-6期(1993)，第953-969頁
Huggett, Mark. "The Risk Free Rate in Heterogeneous-Agent Incomplete-Insurance Economies." Journal of Economic Dynamics and Control 17, nos. 5-6 (1993): 953- 969.
Huggett, Mark與 Sandra Ospina，〈預防動機的儲蓄總和：何時為 Third Derivative Irrelevant？ 〉《貨幣經濟》48卷2期(October 2001)，第373-396頁
Huggett, Mark, and Sandra Ospina. "Aggregate Precautionary Savings: When is the Third Derivative Irrelevant?" Journal of Monetary Economics 48, no. 2 (October 2001): 373-396.
Kimball, Miles S，〈大型與小型之預防動機的儲蓄〉《計量經濟學》58卷1期(January 1990)，第53-73頁
Kimball, Miles S. "Precautionary Saving in the Small and in the Large." Econometrica 58, no. 1 (January 1990): 53-73.
Krusell, Per與 Anthony A. Smith Jr. ，〈消除景氣循環對福利之影響〉，《經濟動態評論》2卷1期(1999)，第245-272頁
Krusell, Per, and Anthony A. Smith Jr. "On the Welfare Effects of Eliminating Business Cycles." Review of Economic Dynamics 2, no. 1 (1999): 245-272.
Schechtman, Jack與 Vera L. Escudero，〈所得波動問題所發生之結果〉，《經濟理論期刊》16卷2期(1977)，第151-166頁
Schechtman, Jack, and Vera L. Escudero. "Some Results on An Income Fluctuation Problem." Journal of Economic Theory 16, no. 2 (1977): 151-166.
Weil, Philippe，〈預防動機的儲蓄與永久性所得之假設〉，《經濟研究評論》60卷2期(April 1993)，第367-383頁
Weil, Philippe. "Precautionary Savings and the Permanent Income Hypothesis." Review of Economic Studies 60, no. 2 (April 1993): 367-383.
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7 |
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風險分攤：完全市場之理想風險分攤；證據
Risk Sharing; Complete Market Perfect Risk Sharing; Evidence |
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Ljungqvist, Lars與 Thomas J. Sargent，《遞迴總體經濟理論》，第7章
Ljungqvist, Lars, and Thomas J. Sargent. Recursive Macroeconomic Theory. Chap. 7.
Townsend, Robert M，〈消費保險：在低所得經濟下之承擔風險系統之評價〉，《Journal of Economic Perspectives》9卷3期(Summer 1995)，第83-102頁
Townsend, Robert M. "Consumption Insurance: An Evaluation of Risk-Bearing Systems in Low-Income Economies." Journal of Economic Perspectives 9, no. 3 (Summer 1995): 83-102.
進一步閱讀：
Further Readings:
Townsend, Robert M，《中世紀之村落經濟：再一般均等模式下之柏拉圖映像之研究》，普林斯頓，普林斯頓大學出版社，1993，第4章
Townsend, Robert M. The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models. Princeton, N.J.: Princeton University Press, 1993, chap. 4.
Townsend, Robert M，〈印度村落之風險與保險〉，《計量經濟學》62卷3期 (May 1994)，第539-591頁
Townsend, Robert M. "Risk and Insurance in Village India." Econometrica 62, no. 3 (May 1994): 539-591.
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8, 9 & 10 |
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保險與誘因；過去之信任；最後之含意
Insurance Vs. Incentives: History Dependence; Long Run Implications |
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Ljungqvist, Lars, 與 Thomas J. Sargent，《遞迴總體經濟理論》，第15章，﹝尤其是第401-409頁〈無保證之社會保險〉，第413-418頁〈封閉系統〉，第427-435頁〈最適失業補償金〉﹞
Ljungqvist, Lars, and Thomas J. Sargent. Recursive Macroeconomic Theory. Chap. 15 [especially pp. 401-409 ("Social insurance without commitment"), pp. 413-418 ("A closed system"), pp. 427-435 ("Optimal Unemployment Compensation.")]
Alvarez, Fernando, 與 Urban Jermann，〈內生償付限制之計量含意〉，NBER工作底稿第w6953號，1999年2月，第2及4段及第5.1小段
Alvarez, Fernando, and Urban Jermann. "Quantitative Implications of Endogenous Solvency Constraints." NBER Working Paper No. w6953, February 1999. Sections 2 and 4 and subsection 5.1.
Townsend, Robert M，《中世紀之村落經濟：再一般均等模式下之柏拉圖映像之研究》，第5及6章
Townsend, Robert M. The Medieval Village Economy: A Study of the Pareto Mapping in General Equilibrium Models. Chaps. 5 and 6.
進一步閱讀：
Further readings:
Lucas, Jr., Robert E，〈效率與分配〉《經濟期刊》102卷411期(March 1992)，第233-247頁
Lucas, Jr., Robert E. "On Efficiency and Distribution." Economic Journal 102, no. 411 (March 1992): 233-247.
Atkeson, Andrew, 與 Robert E. Lucas, Jr.，〈私人資訊之有效率的分配〉，《經濟研究評論》59卷3期(July 1992)，第427-453頁
Atkeson, Andrew, and Robert E. Lucas, Jr. "On Efficient Distribution with Private Information." Review of Economic Studies 59, no.3 (July 1992): 427-453.
Green, Edward J，〈非可保收入之平穩及借貸〉，《跨期交易之合約準備》，Edward C.Prescott 與 Neil Wallace編輯，明尼蘇達總體經濟之研究，第1冊，明尼蘇達大學出版社，1987，第3-25頁
Green, Edward J. "Lending and the Smoothing of Uninsurable Income." In Contractual arrangements for intertemporal trade. Edited by Edward C.Prescott and Neil Wallace. Minnesota Studies in Macroeconomicsseries, vol. 1. Minneapolis: University of Minnesota Press, 1987, pp. 3-25.
Kocherlakota, Narayana R，〈在無保證下之有效率風險分攤之含意〉，《經濟研究評論》63卷4期，(October 1996)，第595-609頁
Kocherlakota, Narayana R. "Implications of Efficient Risk Sharing without Commitment." Review of Economic Studies 63, No. 4 (October 1996): 595-609.
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11, 12 & 13 |
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資產價格；套利；狀態價格；建立在消費為基礎的資產訂價模型；證據與難題
Asset Prices; Arbitrage; State Prices; CCAPM; Evidence and Puzzles |
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Ljungqvist, Lars與 Thomas J. Sargent，《遞迴總體經濟理論》，第7及10章，(不包含政府負債)
Ljungqvist, Lars, and Thomas J. Sargent. Recursive Macroeconomic Theory. Chaps. 7 and 10 (excluding section on Government Debt).
Cochrane, John H.與Lars Peter Hansen，〈總體經濟之資產價格探討〉，《NBER總體經濟年刊1992》，劍橋，麻省理工學院出版社，1992，第115-165頁， (NBER工作底稿第w4088號)
Cochrane, John H., and Lars Peter Hansen. "Asset Pricing Explorations for Macroeconomics." NBER Macroeconomics Annual 1992. Cambridge, MA: MIT Press, 1992, pp. 115-165. (NBER Working Paper No. w4088.)
進一步閱讀：
Further Readings:
Mehra, Rajnish與Edward C. Prescott，〈股票溢價：一個難題〉，《貨幣經濟學期刊》15卷2期 (1985)，第145-162頁
Mehra, Rajnish, and Edward C. Prescott. "The Equity Premium: A Puzzle." Journal of Monetary Economics 15, no. 2 (1985): 145-162.
Cochrane, John，〈市場之走向為何？不確定之事實及新的理論〉，《經濟展望：芝加哥聯邦準備銀行之評論》XXI卷6期 (November/December 1997)，第3-37頁，(NBER 工作底稿第 w6207號)
Cochrane, John. "Where is the Market Going? Uncertain Facts and Novel Theories." Economic Perspectives: A Review from Federal Reserve Bank of Chicago XXI, no. 6 (November/December 1997): 3-37. (NBER Working Paper No. w6207).
Kocherlakota, Narayana R，〈股票溢價之謎：它仍是令人迷惑的〉，《經濟文學期刊》34卷1期(1996)，第42-71頁
Kocherlakota, Narayana R. "The Equity Premium Puzzle: It's Still a Puzzle." Journal of Economic Literature 34, no. 1 (1996): 42-71.
Alvarez與Jermann，〈藉由資產報酬估計景氣循環波動之成本〉，Mimeo
Alvarez, and Jermann. "Using Asset Returns to Estimate the Costs of Business Cycle Fluctuations." In Mimeo.
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13a |
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投資，Q理論；證據
Investment; Q-Theory; Evidence |
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Blanchard, Olivier J.與 Stanley Fisher，《總體經濟學講稿》，第6.3段
Blanchard, Olivier J., and Stanley Fisher. Lectures on Macroeconomics. Section 6.3.
Abel, Andrew B，〈消費與投資〉，《貨幣經濟學手冊》，Benjamin M. Friedman 與 Frank Hahn. Amsterdam編輯，North-Holland，1990，第1. II冊，第14章
Abel, Andrew B. "Consumption and Investment." In Handbook of Monetary Economics. Edited by Benjamin M. Friedman and Frank Hahn. Amsterdam: North-Holland, 1990. Vol. II, chap. 14.
Hayashi, Fumio，〈Tobin 的邊際q與平均q：新古典理論之解釋〉，《計量經濟學》50卷1期(January 1982)，第213-224頁
Hayashi, Fumio. "Tobin's Marginal q and Average q: A Neo-Classical Interpretation." Econometrica 50, no. 1 (January 1982): 213-224.
Romer, David，《進階總體經濟學》，第8章，第2版 (第7章，第1版)
Romer, David. Advanced Macroeconomics. Chap. 8, 2nd ed. (Chap. 7, 1st ed.).
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14, 15 |
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不可逆性，固定成本；不尋常及集中投資；(s,S)規則；聚集；GE
Irreversibility, Fixed-Costs; Infrequent and Lumpy Investment; (s,S) Rules; Aggregation; GE |
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Caballero, Ricardo J，〈投資總量〉，《總體經濟手冊》，John B. Taylor 與 Michael Woodford. Amsterdam編輯，North-Holland，1999，第1.1B冊，第12章
Caballero, Ricardo J. "Aggregate Investment." In Handbook of Macroeconomics. Edited by John B. Taylor and Michael Woodford. Amsterdam: North-Holland, 1999. Vol. 1B, chap. 12.
Dixit, A. K.與 R. S. Pindyck，《不確定下之投資》，Princeton, N.J，普林斯頓大學出版社，1994，第2章
Dixit, A. K., and R. S. Pindyck. Investment Under Uncertainty. Princeton, N.J.: Princeton University Press, 1994. Chap. 2.
Thomas, Julia K，〈集中投資與景氣循環相攸關嗎？〉《政治經濟學期刊》110卷3期(June 2002)，第509-534頁
Thomas, Julia K. "Is Lumpy Investment Relevant for the Business Cycle?" Journal of Political Economy 110, no. 3 (June 2002): 509-534.
進一步閱讀：
Further Readings:
Caballero, Ricardo J.與Eduardo M. R. A. Engle，〈解釋美國製造業之投資動態：廣義之方法〉，《計量經濟學》67卷4期(July 1999)，第783-826頁
Caballero, Ricardo J., and Eduardo M. R. A. Engle. "Explaining Investment Dynamics In U.S. Manufacturing: A Generalized (s,S) Approach." Econometrica 67, no. 4 (July 1999): 783-826.
Caballero, Ricardo J.與 John V. Leahy，〈固定成本：邊際q之終止〉NBER 工作底稿第w5508號，March 1996
Caballero, Ricardo J., and John V. Leahy. "Fixed Costs: The Demise of Marginal q." NBER Working Paper No. w5508, March 1996.
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