Advanced Macroeconomics Essays (2009)

1. Housing wealth and private consumption
2. Asset price bubbles: what causes them
3. Should central banks respond to asset price bubbles
4. Sources of growth (growth accounting) in the Baltic states
5. Business cycles: a view of the Austrian school
6. Sources of inflation differentials between the euro area and the new EU member states
7. Build the correlations, leads and lags table of the HP-filtered macroeconomic indicators for Lithuania (1995-2007) (use Excel or EViews) (see Table 9.3)
8. Hysteresis and the European unemployment problem
9. Relative GDP per capita growth performance of the USA versus the EU: what explains the divergence in the recent decades (productivity, leisure, labor taxation)?
10. Fiscal/monetary policy mix in the euro area 1999-2007
11. Oil prices and the business cycle
12. Financial accelerator and the credit channel of monetary policy
13. Generational accounting
14. Should central banks target monetary aggregates or credit growth: experience of the ECB
15. Inflation targeting
16. Political business cycles
17. Fiscal rules
18. Demographic challenges to fiscal sustainability in the developed countries
19. Combating deflation: what role for fiscal versus monetary policies (liquidity trap, de-leveraging and debt-deflation...)