This course covers theoretical and empirical applications of public economics to policy debates. Topics include education, local public finance, fiscal federalism, housing policy, corporate and international taxation, social security, and macroeconomic stabilization using fiscal policy.
Uses simple models and empirical methods to analyze key macroeconomic policy challenges confronting the world economy. Examines balance of payments, the determinants of exchange rates, fiscal policy, monetary policy, exchange rate policy, balance of payment crises, international macroeconomic dependence, financial globalization and the challenges facing developing economies. Considerable attention to recent policy debates surrounding the financial crisis, global imbalances, China's exchange rate policy, Sovereign Wealth Funds, the Euro and Europe's crisis, and Japan's lost decade. While...
A basic course in graduate macroeconomics, including models of business fluctuations, analyses of monetary and fiscal policy, and introduction to open economy macroeconomic issues. Prerequisite: Mathematics 116 or the equivalent; can be taken concurrently.
Topics include discrete-time and continuous-time dynamic programming, consumption, investment, economic growth, and business cycles.
Note: Enrollment is strictly limited to PhD students in the Economics Department, Business Economics program, and PEG program. Qualified Harvard undergraduates may also enroll. No other students may take the course for credit or as auditors.
Topics include the political economy of economic growth, including the roles of democracy and legal institutions; inflation, monetary policy, fiscal policy, and analyses of economic and monetary unions.