Teaching

Introduction to Macroeconomics (fall semester): This course provides students with a basic knowledge of macroeconomic relationships and a toolkit to analyze the effects of various macroeconomic policies. We focus on understanding and interpreting aggregate data in the light of traditional macroeconomic models using graphical analysis as well as simple algebra. The course is based on Olivier Blanchard's "Macroeconomics" textbook (Chapters 1-13) and discusses the IS-LM model, the AS-AD model as well as the Solow growth model.

Introduction to Data Analysis (spring semester): This course is an introduction to econometrics that covers basic concepts, tools and methods for inferring economic structure from data as well as their applications. We will combine statistical methods with economic theory to make inferences about causal relationships among economic variables. Students will become familiar with basic programming commands in STATA, a data analysis program, by conducting several case studies in which these concepts are applied to the analysis of real-world datasets. The course is based on James Stock and Mark Watson's "Introduction to Econometrics" textbook (Chapters 1-11) and discusses the linear regression model, fixed effects regressions with panel data as well as Probit and Logit models.

International Finance (spring semester): This course covers basic concepts and tools needed to understand the functioning of the international financial markets and the global economy. We develop theoretical frameworks for the analysis of current account balances, international capital movements, real and nominal exchange rates and also examine the relationship between monetary policy, exchange rates and capital mobility. We apply these models to the analysis of current policy questions in international finance.

Intermediate Macroeconomics (fall semester): This course covers basic concepts, tools and models needed to understand the role of money in the macroeconomy as well as the conduct, transmission channels and effects of conventional monetary policy. We discuss frameworks to empirically evaluate the stance of monetary policy and its consequences for the macroeconomy as well as models to understand the theoretical foundation of these effects. In addition, we analyze the optimal response of monetary policy to different shocks and briefly talk about the new challenges faced by central banks in a low interest rate environment.

Seminar - Macroeconomics (undergraduate, each semester): In this seminar, we will discuss advanced topics in macroeconomics (spring semester) and international finance (fall semester) building upon the materials of the lectures described above. Examples of these topics include the effects of financial crises, unconventional monetary policy and the zero lower bound (macroeconomics) as well as international capital flows, exchange rate arrangements and currency crises (international finance). Each topic is analyzed and discussed based on selected current research papers, policy reports and other sources.

Monetary Economics (graduate, each semester): In this seminar, students will become familiar with analytical and computational methods to understand and work with continuous time macroeconomic models based on systems of differential equations. We will then thoroughly read and discuss important research papers that apply the previously studied tools to selected topics in monetary economics, such as secular stagnation, asset price bubbles or the dynamics of inequality. 

International Finance (undergraduate, spring semester)

Monetary Theory and Policy (graduate, fall semester)

Seminars and supervision for undergraduate and graduate students