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Personal Reading List

A Crash Course on Crises: Macroeconomic Concepts for Run-Ups, Collapses, and Recoveries (English Edition)

An incisive overview of the macroeconomics of financial crises

With alarming frequency, modern economies go through macro-financial crashes that arise from the financial sector and spread to the broader economy, inflicting deep and prolonged recessions.

A Crash Course on Crises brings together the latest cutting-edge economic research to identify the seeds of these crashes, reveal their triggers and consequences, and explain what policymakers can do about them.

Each of the book’s ten self-contained chapters introduces readers to a key economic force and provides case studies that illustrate how that force was dominant. Markus Brunnermeier and Ricardo Reis show how the run-up phase of a crisis often occurs in ways that are preventable but that may go unnoticed and discuss how debt contracts, banks, and a search for safety can act as triggers and amplifiers that drive the economy to crash. Brunnermeier and Reis then explain how monetary, fiscal, and exchange-rate policies can respond to crises and prevent them from becoming persistent.

Arguing with Zombies: Economics, Politics, and the Fight for a Better Future

An accessible, compelling introduction to today’s major policy issues from the New York Times columnist, best-selling author, and Nobel prize–winning economist Paul Krugman.

There is no better guide than Paul Krugman to basic economics, the ideas that animate much of our public policy. Likewise, there is no stronger foe of zombie economics, the misunderstandings that just won’t die.

In Arguing with Zombies, Krugman tackles many of these misunderstandings, taking stock of where the United States has come from and where it’s headed in a series of concise, digestible chapters. Drawn mainly from his popular New York Times column, they cover a wide range of issues, organized thematically and framed in the context of a wider debate. Explaining the complexities of health care, housing bubbles, tax reform, Social Security, and so much more with unrivaled clarity and precision, Arguing with Zombies is Krugman at the height of his powers.

Arguing with Zombies puts Krugman at the front of the debate in the 2020 election year and is an indispensable guide to two decades’ worth of political and economic discourse in the United States and around the globe.

21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 (English Edition)

21st Century Monetary Policy takes readers inside the Federal Reserve, explaining what it does and why.

In response to the COVID-19 pandemic, the Federal Reserve deployed an extraordinary range of policy tools that helped prevent the collapse of the financial system and the U.S. economy. Chair Jerome Powell and his colleagues lent directly to U.S. businesses, purchased trillions of dollars of government securities, pumped dollars into the international financial system, and crafted a new framework for monetary policy that emphasized job creation.

These strategies would have astonished Powell’s late-20th-century predecessors, from William McChesney Martin to Alan Greenspan, and the advent of these tools raises new questions about the future landscape of economic policy.

In 21st Century Monetary Policy, Ben S. Bernanke—former chair of the Federal Reserve and one of the world’s leading economists—explains the Fed’s evolution and speculates on its future. Taking a fresh look at the bank’s policymaking over the past seventy years, including his own time as chair, Bernanke shows how changes in the economy have driven the Fed’s innovations. He also lays out new challenges confronting the Fed, including the return of inflation, cryptocurrencies, increased risks of financial instability, and threats to its independence.

The Euro and the Battle of Ideas

How philosophical differences between Eurozone nations led to the Euro crisis―and where to go from here

Why is Europe's great monetary endeavor, the Euro, in trouble? A string of economic difficulties in Greece, Ireland, Spain, Italy, and other Eurozone nations has left observers wondering whether the currency union can survive. In this book, Markus Brunnermeier, Harold James, and Jean-Pierre Landau argue that the core problem with the Euro lies in the philosophical differences between the founding countries of the Eurozone, particularly Germany and France. But the authors also show how these seemingly incompatible differences can be reconciled to ensure Europe’s survival.

As the authors demonstrate, Germany, a federal state with strong regional governments, saw the Maastricht Treaty, the framework for the Euro, as a set of rules. France, on the other hand, with a more centralized system of government, saw the framework as flexible, to be overseen by governments. The authors discuss how the troubles faced by the Euro have led its member states to focus on national, as opposed to collective, responses, a reaction explained by the resurgence of the battle of economic ideas: rules vs. discretion, liability vs. solidarity, solvency vs. liquidity, austerity vs. stimulus.


Bocconi - MSc Economic and Social Sciences (ESS) Reading List

Power and Progress: Our Thousand-Year Struggle Over Technology and Prosperity

Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty

Guns, Germs, and Steel: The Fates of Human Societies

Thinking, Fast and Slow

The Return Of Depression Economics

The Undoing Project: A Friendship That Changed Our Minds

House of Debt: How They (and You) Caused the Great Recession, and How We Can Prevent It from Happening Again

The Great Reversal: How America Gave Up on Free Markets

A Theory Of Justice: Original Edition

The Art of Statistics: Learning from Data

Misbehaving: The Making of Behavioral Economics [Lingua inglese]

How Economics Can Save the World: Simple Ideas to Solve Our Biggest Problems

A Monetary and Fiscal History of the United States, 1961–2021

The Worldly Philosophers: The Lives, Times And Ideas Of The Great Economic Thinkers, Seventh Edition

The Pleasures of Counting

Freakonomics: A Rogue Economist Explores the Hidden Side of Everything

The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale

EuroTragedy: A Drama in Nine Acts

Fault Lines: How Hidden Fractures Still Threaten the World Economy

The Wealth of Nations: An Inquiry into the Nature and Causes

How Transformative Innovations Shaped the Rise of Nations: From Ancient Rome to Modern America

In FED We Trust: Ben Bernanke's War on the Great Panic


Special Mentions

A Guide for the Young Economist, second edition

In absence of better words, here is the Amazon review of this book:

Detailed advice on writing papers, giving presentations, and refereeing, plus an essential guide to the basics of being a graduate student in economics.

This book is an invaluable handbook for young economists working on their dissertations, preparing their first articles for submission to professional journals, getting ready for their first presentations at conferences and job seminars, or undertaking their first refereeing assignments. In clear, concise language—a model in itself—William Thomson describes how to make written and oral presentations both engaging and efficient. Declaring "I would certainly take up arms for clarity, simplicity, and unity," Thomson covers the basics of clear exposition, including such nuts-and-bolts topics as titling papers, writing abstracts, presenting research results, and holding an audience's attention.

This second edition features a substantial new chapter, "Being a Graduate Student in Economics," that offers guidance on such essential topics as the manners and mores of graduate school life, financial support, selecting an advisor, and navigating the job market. The chapter on giving talks has been rewritten to reflect the widespread use of presentation software, and new material has been added to the chapter on writing papers.