Day(s) Monday Wednesday Time(s) 9:00 AM - 10:20 AM Course # PPHA 39530 Term Spring 2023 Specialization International Development This course is about economic policymaking, with a focus on fiscal and monetary policy. It is structured around six topics: (i) challenges of fiscal adjustment programs; (ii) implementing fiscal rules; (iii) interactions between fiscal and monetary policies; (iv) inflation targeting regimes; (v) adjusting to shocks through monetary policy; and, (vi) financial programming. For each section, we will begin with a review of some materials that give the student a broad perspective on the state-of-the-art knowledge in the particular topic, before turning to the specific and practical policy issues. The course aims to give students: (i) a good understanding on what policymakers should do in each policy area covered (the normative aspect); (ii) a sound explanation on why policies are not always optimal and, many times, deviate from the desirable course of action, emphasizing the obstacles for achieving optimality (for example, political constraints). Case studies will be drawn from recent country experiences. Syllabus 4/7/2023 Instructor(s) Carlos Fernandez Valdovinos Recent News More news Alumni Profile: Will Pennington, MACRM’23 Tue., March 26, 2024 Student Profile: Aïcha Camara, MSCAPP Class of 2024 Thu., March 21, 2024 UChicago Students Propose Solutions to Chicago’s Pension Crisis Mon., March 18, 2024 Upcoming Events More events Environmental Economics and Policy Lab (EEPL) Mini Class with Shaoda Wang Wed., March 27, 2024 | 8:00 PM 1307 E 60th St Chicago, IL 60437 United States Masterclass with Carolyn Sloane Thu., March 28, 2024 | 5:00 PM UChicago Harris International Leadership Credential Information Session Mon., April 01, 2024 | 8:00 AM