Macroeconomic Pol Institutns

3 Credits · Level: Graduate, Undergraduate

Course explores major contemporary issues in macroeconomic policies and institutions, drawing on theoretical analysis, empirical evidence, and practical experience. Although primary focus is on advanced economies, coverage extends to emerging-market economies as well. Topics encompass basic policy goals, instruments, applications, and their consequences. Prevention of, and policy response to, banking, currency, and fiscal crises are discussed in the context of the recent U.S. crisis, the ongoing Eurozone crisis, and earlier crises in emerging markets. Lectures are grouped under four headings: monetary policy and institutions; macroprudential regulation and supervision; fiscal policy and institutions; and interactions among policy instruments.