The course develops the theoretical tools to understand macroeconomic policy issues. The first part of the course deals with economic growth. It covers models of exogenous and endogenous growth and reviews the empirical evidence on the determinants of growth, with particular emphasis on the role of public policies. The second part of the course studies intertemporal consumption choices, highlighting the role of uncertainty and liquidity constraints in shaping the lifetime profile of consumption and savings.
The third part focuses on the stabilization role of fiscal and monetary policy along the business cycle and in the context of financial crises.
- Advanced Macroeconomics, David Romer, McGraw Hill, 2011.
- Introduction to Modern Economic Growth, Daron Acemoglu, Princeton University Press, 2009.
- Models for Dynamic Macroeconomics, Fabio-Cesare Bagliano and Giuseppe Bertola, Oxford University Press, 2004.