There will be a number of course handouts covering material of a technical nature. This is a non-technical review of modern macroeconomic controversies. I have also placed pointers to relevant Internet resources which you may find useful for this course. You can find these on the course web resources page given above. Classmarks for the journals cited are given at the end of the handout.
All references are on the short loan collection in the library.
The choice of monetary instrument when there are 'real' and 'monetary' shocks. Blanchard, Chapter 16. Christopher D. Carroll, 'A theory of the consumption function with and without liquidity constraints', Journal of Economic Perspectives Summer 2001. Especially chapters 3 and 4. Blanchard, Chapter 16.