Readings

Study Questions are available for each session to guide your reading. A Textbook Guide is also available to highlight recommended chapters for students who want to augment their knowledge of the material.

SES # TOPICS READINGS
1 The issues, short–term and long–term

Kennedy, Robert E. "National Income Accounting." Harvard Business School Case. Harvard Business School Publishing. Case: 9–797–075, November 15, 1996.

Bureau of Economic Analysis. "GDP Growth Accelerates in Fourth Quarter." U.S. Department of Commerce. (This resource may not render correctly in a screen reader.PDF)

———. "GDP and the Economy: Third Estimates for the First Quarter of 2011." U.S. Department of Commerce, July 2011. (This resource may not render correctly in a screen reader.PDF)

"World Economic Outlook Update." International Monetary Fund, June 17, 2011.

2 Determinants of long–term growth Acemoglu, Daron, Simon Johnson, and James Robinson. "Institutions as a Fundamental Cause of Long–Run Growth." Chapter 6 in Handbook of Economic Growth, Volume 1A. Edited by Philippe Aghion and Steven N. Durlauf. North Holland, 2006, pp. 388–420. ISBN: 9780444520418. [Preview with Google Books]
3 Exchange rates for emerging markets

Alfaro, Laura, Rafael Di Tella, et al. "China: To Float or Not to Float? (A)" Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–021, March 2, 2006.

Rigobon, Roberto. "The BB–NN Model." (This resource may not render correctly in a screen reader.PDF - 1.1MB)

Johnson, Simon. "Brace for a Long Recovery From Global Credit Glut: Simon Johnson." Bloomberg, September 11, 2011.

4 Exchange rates for industrialized countries

Alfaro, Laura, Rafael Di Tella, et al. "U.S. Current Account Deficit." Harvard Business School Case. Harvard Business School Publishing. Case: 9–706–002, July 6, 2005

Rigobon, Roberto. "Simple Notes on the ISLM Model." 

Boone, Peter, and Simon Johnson. "What Next for Greece and for Europe?" The New York Times, September 15, 2011.

5 Banking crises Moss, David A., and Cole Bolton. "The Federal Reserve and the Banking Crisis of 1931." Harvard Business School Case. Harvard Business School Publishing. Case: 9–709–040, January 20, 2009.
6 Modern financial crises

Alfaro, Laura, and Renee Kim. "The First Global Financial Crisis of the 21st Century." Harvard Business School Case. Harvard Business School Publishing. Case: 9–709–057, April 7, 2009.

Bernanke, Ben. "The Financial Accelerator and the Credit Channel." The Federal Reserve, June 15, 2007

7 Japan's lost decade

Schraede, Ulrike. "Japanese Financial System: From Postwar to the New Millennium." Harvard Business School Case. Harvard Business School Publishing. Case: 9–700–049, October 20, 1999.

Kwak, James. "Japan for Beginners." The Baseline Scenario, December 21, 2008.

8 Crisis in Asia, 1997–98

Alfaro, Laura, Rafael Di Tella, et al. "Korea: After the 1997 Financial Crisis." Harvard Business School Case. Harvard Business School Publishing. Case: 9–707–042, March 20, 2007.

Johnson, Simon, and James Kwak. "Other People's Oligarchs." Chapter 2 in 13 Bankers: The Wall Street Takeover and the Next Financial Meltdown. Pantheon, 2010. ISBN: 9780307379054.

9 Who is more prone to crisis now—Europe or the US? Boone, Peter, and Simon Johnson. "Europe on the Brink." Peterson Institute for International Economics, Policy Brief 11–13, July 2011. (This resource may not render correctly in a screen reader.PDF – 1.6MB)