Philippe Aghion

Visiting Professor of Economics, FAS

Jeffrey Frankel Photo

Jeffrey Frankel

James W. Harpel Professor of Capital Formation and Growth

This course is the second in the two-course sequence on Macroeconomic Policy in the MPA/ID program.  Topics covered in the first half of the course include international financial integration, exchange rate models, speculative attacks, the carry trade, portfolio choice, currency risk, and default risk.  The second half of the course uses tools of dynamic optimization; topics covered include, among others, among others, the Solow and Ramsey models of long-term growth, a primer on Dynamic Stochastic General Equilibrium models, and monetary and fiscal policies in financially integrated economies.   

This course is open to non-MPA/ID students only by permission of the instructor. May not be taken for credit with API-121 unless API-119 is taken after API-121.