Hi,

I started studying lectures in Julia and would like some book to delve into modern macroeconomics.

Which books are recommended? I do not have formal training in p.h.d. eco, the book is for self-study, therefore the simpler and didactic is better.

Thank’s.

I dont know what level you are talking about. For intermediate level: 1. Intermediate Macro by Mankiew is a good one at starting point, 2. Macroeconomics by Abel Bernake., for dynamic macro: 1. ABC of RBC is an excellent one, 2.Dynamic Economics

Quantitative Methods and

Applications by Je´roˆme Adda and

Russell Cooper, 3.Macroeconomic Theory

A Dynamic General Equilibrium Approach by Michael Wickens. Hope these information will help you.

Thank you adwelch,

Mankiw and Bernanke are very basic, but the other references I do not know

and I will seek to know them, they look very good.

I have a major in economics, but with a weak foundation in math.

I’m trying to go beyond on my own now.

Thanks a lot for the help.

I found Acemoglu’s Modern Economic Growth fantastic for self-study. It has a growth focus, but it is good for learning the foundations of the neoclassical growth model. The book is self-contained mathematically. All the tools are developed from scratch, and it has a section on analysis. But the book lacks much discussion on macro policy, stochastic dynamics etc.

Per Krusell’s lecture notes on Macro 1 are also a good starting point (google them).

If you want proper modern macro, you cannot go past developments in incomplete market models. I think Jiajun Miao’s “Economic Dynamics in Discrete Time” book is good.

Modern macro seems to require a good foundation in analysis and probability. Ch. 7 and Ch. 9 in Stachurski’s Econ Dynamics and Ch. is a great start. to develop the foundation in math. The intuition on probability in Ch. 4 and 5 in “A Primer in Econometric Theory” I think is indispensable for understanding probability in macro.

Fantastic!!

Thanks Shanker, I will follow your recommendations.

I also think “recursive macroeconomic theory” seems essential. However, I only appreciated the material in there a lot later on.