Teaching

Prof. Fidel Pérez-Sebastián

1. The Solow Model and Empirical Applications.

(i) growth accounting, (ii) convergence, (iii) inequality.

2. Growth Theory. 

(i) The Ramsey-Cass-Koopmans model, (ii) Endogenous growth, (iii) R&D based growth models and scale effects.

3. The Overlapping Generations Model. 

(i) Monetary equilibrium in an exchange economy, (ii) The Diamond model, (iii) Dynamic inefficiency, (iv) Model of secular stagnation.

4. Inflation and Monetary Policy. 

(i) Nominal regidities: the Lucas supply, (ii) Optimal monetary policy, (iii) High inflation under rational expectations and temporal inconsistency, (iv) Addressing temporal inconsistency through reputation.

5. Budget Deficits and Fiscal Policy. 

(i) Ricardian equivalence result, (ii) Tax-smoothing, (iii) Political-economy theories of busdget deficits, (iv) The cost of deficits, (v) A model of debt crisis.

6. Financial Markets. 

(i) Asset pricing and bubbles, (ii) The role of financial intermediaries, (iii) Incentive-compatible debt contracts.

• Intermediate Macroeconomics, Teaching Assistant, Spring 2020-23

• Introduction to Macroeconomics, Teaching Assistant, Spring 2021 

• Introduction to Statistics, Teaching Assistant, Spring 2022