Teaching

Macroeconomics A: Macroeconomic Principles

Master level

The course offers a broad review of the major topics in macroeconomics. In addition to developing the economic intuitions, the course familiarizes students with the workings of major macroeconomic models. The course starts with long-term growth, and then covers the main workhorse models used in macroeconomics. The focus then shifts to the design of optimal monetary and fiscal policy. The final part of the course covers and analysis of financial markets and the banking sector, as well as labor market issues.

Macroeconomic Topics for Emerging Economies

Master level

This course focuses on issues of particular interest for emerging economies. We start by presenting the patterns of international capital flows and the substantial changes that occurred over the last ten years. We then review the analytical frameworks of international macroeconomic policy and balance of payments and financial crises. The class then considers the policies available for managing capital flows, as well as the experience with them. A particular focus is put on the impact of the global financial cycle, reserve accumulation, capital controls, and macroprudential policy.

Advanced International Macroeconomics B

Doctoral level

The seminar is for thesis-writing PhD students focusing on macroeconomic issues. It is the second course of a two-course sequence. The course reviews review recent developments in macroeconomics, with emphasis on open economy questions, in order to help students identify research topics. The first part of the course consists of lectures. The second part consists of presentations and discussions of papers from the reading list.