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: Eloísa Ávila-Uribe, MACRM’23 Fri., April 26, 2024 Ariel Kalil: Multigenerational households are key to better support for kids of single mothers Thu., April 25, 2024 America is uniquely ill-suited to handle a falling population Wed., April 24, 2024 Upcoming Events More events SDG (Sustainable Development Goals) Challenge Program for High School Students: Navigating US College Admissions with Ranjan Daniels Mon., April 29, 2024 | 8:00 AM Data & Policy Summer Scholar (DPSS) Roundtable with Alumni Mon., April 29, 2024 | 7:30 PM Harris Evening Master's Program Class Visit—Economic Analysis III: Public Finance and Budgeting With Professor Justin Marlowe Tue., April 30, 2024 | 5:45 PM Convene 311 West Monroe St. 2nd Floor Reception Chicago, IL 60606 United States