X PhDMacroBook
PhDMacroBook is a rigorous textbook designed for first-year Ph.D. sequences and advanced master’s courses in macroeconomics. Edited by Marina Azzimonti, Per Krusell, Alisdair McKay, and Toshihiko Mukoyama, the volume bridges foundational modeling with contemporary research frontiers. The first ten chapters develop core theory, providing essential analytical frameworks and recursive methods. Subsequent chapters explore specialized research areas, offering state-of-the-art perspectives on current macroeconomic questions. For further details, visit the official website.
The supplemental materials below have been curated with assistance from NotebookLM.
Chapters
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Chapter 1: The Subject Matter
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Chapter 2: A Framework for Macroeconomics
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Chapter 3: The Solow Model
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Chapter 4: Dynamic Optimization
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Chapter 5: Dynamic Competitive Equilibrium
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Chapter 6: Welfare
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Chapter 7: Uncertainty
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Chapter 8: Empirical Strategies and Quantitative Macroeconomics
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Chapter 9: Continuous-Time Analytical Techniques
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Chapter 10: Computational Tools
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Chapter 11: Consumption (by Giovanni L. Violante)
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Chapter 12: Labor Supply (by Richard Rogerson and Giovanni L. Violante)
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Chapter 13: Growth (by Timo Boppart and Peter J. Klenow)
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Chapter 14: Real Business Cycles (by Kurt Mitman)
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Chapter 15: Government and Public Policies (by Marina Azzimonti, Jonathan Heathcote, and Kjetil Storesletten)
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Chapter 16: Asset Prices (by Monika Piazzesi and Martin Schneider)
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Chapter 17: Money (by Andreas Hornstein and Per Krusell)
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Chapter 18: Nominal Frictions and Business Cycles (by Alisdair McKay and Morten Ravn)
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Chapter 19: Credit Market Frictions (by Vincenzo Quadrini)
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Chapter 20: Frictional Labor Markets (by Toshihiko Mukoyama and Ayşegül Şahin)
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Chapter 21: Inequality (by Per Krusell and Víctor Ríos-Rull)
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Chapter 22: Heterogeneous Firms (by Toshihiko Mukoyama)
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Chapter 23: International Macroeconomics (by Giancarlo Corsetti, Luca Dedola and Simon Lloyd)
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Chapter 24: Sovereign Debt and Default Risk (by Juan C. Hatchondo and Leonardo Martinez)
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Chapter 25: Sustainability (by John Hassler, Per Krusell, and Conny Olovsson)