Macroeconomics I: Macroeconomic Principles
Fall, Master level

The course starts with a review of models of long-term growth. It then covers the main workhorse models used in macroeconomics, and reviews the issue of time inconsistency of optimal polices. The course then reviews modern optimising dynamic models, including setups with frictions and the analysis of policy. The class concludes with a review of the banking sector and the labour market. As conducting research in macroeconomics requires a familiarity with technical tools, the course focuses both on the intuitive interpretations of the various points developed, as well as developing a familiarity with the associated techniques in relatively simple settings.

 

Advanced Doctoral Seminar: Macroeconomics I
Fall, Doctoral level

This seminar is designed for thesis-writing Ph.D. students focusing on macroeconomic issues. It is intended to support their research by providing a review of recent developments in macroeconomics, with an emphasis on open economy questions. The first half of the course consists of lectures, the remainder, of students presentations and paper discussions, based on a list of topics provided. Each student is expected to present a paper, as well as discuss papers presented by other students. Active participation in class debates is expected.

Topics in International monetary and Financial Policy
with Marc Flandreau. Spring, Master level
The course covers current global monetary and financial issues facing the world economy from a theoretical and policy perspective. Topics include: the theory and empirics of current account determination and the link to contemporary global imbalances and exchange rates; and international financial integration, with both historical and current perspectives.

 

Spring, Master level
This course reviews select topics that are active areas of research in open-economy economics. Specific topics include empirical and theoretical aspects of different channels of international adjustment ("intensive" and "extensive" margin), international financial integration and capital flows, the monetary policy transmission process, imperfections in international financial markets and associated puzzles.