Jeffrey Frankel Photo

Jeffrey Frankel

Appointment
James W. Harpel Professor of Capital Formation and Growth
Office Address
79 John F. Kennedy St. Littauer Bldg 217
617-496-3834
Eduardo Levy Yeyati Photo

Eduardo Levy Yeyati

Appointment
Visiting Professor of Public Policy
Office Address
79 John F. Kennedy St. Littauer Bldg 346
617-384-9808
API-119

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.

Please note, there will be four required Wednesday lectures, 3/27-4/17, 8:45-10:00 am, in L140.

Please note that the exam for this course will now be held from 9:00am-12:00pm on Monday 5/13.

 

Prerequisites: Multivariate calculus and constrained static and dynamic optimization; differential equations; and intermediate macroeconomics.