OAFP 6495 - Applied Macroeconomics - From theory to practice

The course examines major political economy topics from a practitioner's perspective. For a bank, international organisation or central bank economist, how do you estimate a country's fiscal space? How do you forecast inflation? How do you forecast the level of real interest rates? How do you analyse the transmission of monetary policy? How financial markets react to budget or reform announcements? The course presents the policy debate as currently discussed in financial markets and is therefore useful for those willing to work in banks, Treasuries, and international organisations. It provides students with practical tools to forecast the economy and analyse the policy debate.

Familiarity with macroeconomic concepts and models is required, at an intermediate level. Having taken already at least one module related to macroeconomics and/or International economics (such as Macroeconomics for Public Policy or International economics : money and banking) is recommended.

Each session starts with a discussion of the document(s) to be read. Then, the professor summarises the main lessons from the previous session and proceeds with the agenda for the day.

There will be one or several documents to read for each session.