L'objectiu d'aquest curs és presentar alguns desenvolupaments recents en el camp de la macroeconomia i de l'economia internacional. El curs va dirigit sobretot a estudiants que es plantegin seguir estudis de postgrau en economia o, més generalment, a aquells que desitgin aprofundir els seus coneixements en aquests camps. El nivell del curs serà avançat, i caldrà estar plenament familiaritzat amb les eines d'anàlisi que s'han anat estudiant al llarg de la carrera.
El curs s'impartirà en català, però moltes de les lectures i notes de classe seran en anglès. Les lectures es repartiran a classe o electrònicament, conforme avanci el curs. Hi haurà dos examens, cadascun dels quals comptarà el 50% de la nota final.

Tema 1. La Política Monetària: Elements Teòrics i Experiència Recent

• Ball, Laurence, and Niamh Sheridan (2005): "Does Inflation Targeting Matter?" in B.S. Bernanke and M. Woodford eds. The Inflation Targeting Debate, University of Chicago Press, Chicago.
• Bernanke, Ben S., Thomas Laubach, Frederic S. Mishkin, and Adam S. Posen (1999): Inflation Targeting: Lessons from the International Experience, Princeton University Press.
• Clarida, Richard, Jordi Galí, and Mark Gertler (1999): “The Science of Monetary Policy: A New Keynesian Perspective,” Journal of Economic Literature, vol. 37, no. 4, 1661-1707.
• Clarida, Richard, Jordi Galí, and Mark Gertler (2000): “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory,” Quarterly Journal of Economics, vol. 105, issue 1, 147-180.
• Dhyne, Emmanuel et al. (2006): “Price Changes in the Euro Area and the United States: Some Facts from Individual Consumer Price Data,” Journal of Economic Perspectives, vol. 20, no. 2, 171-192.
• European Central Bank (2004): The Monetary Policy of the ECB, Frankfurt.
• Galí, Jordi (2008): "The New Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions," unpublished manuscript.
• Galí, Jordi, and Mark Gertler (2007): "Macroeconomic Modeling for Monetary Policy Evaluation," Journal of Economic Perspectives, vol. 21, no. 4., 25-46.
• Galí, Jordi (2008), Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press (Princeton, NJ).
• Orphanides, Athanasios (2003): “The Quest for Prosperity Without Inflation,” Journal of Monetary Economics 50, 633-663
• Taylor, John B. (1998): “An Historical Analysis of Monetary Policy Rules,” in J.B. Taylor ed., Monetary Policy Rules, University of Chicago Press.
• Woodford, Michael (2001): “The Taylor Rule and Optimal Monetary Policy,” American Economic Review 91(2): 232-237 (2001).
• Woodford, Michael (2008): "The Case for Forecast Targeting as a Monetary Policy Strategy," Journal of Economic Perspectives, vol. 21, no. 4., 3-24.

Tema 2. L'Estat del Benestar, Bombolles Especulatives i Desequilibris Financers Globals

2.1 Efectes del Deute Public: Teoria i evidencia 

• Blanchard, Olivier, and Stanley Fischer (1989): Lectures on Macroeconomics, MIT Press, section 3.1.
• Elmendorf, Douglas, and N.Gregory Mankiw (1999): “Government Debt” in John B. Taylor and Michael Woodford eds., Handbook of Macroeconomics, volume 1C, 1615-1669.

2.2 Reformant l'Estat del Benestar

• Blanchard, Olivier, and Stanley Fischer (1989): Lectures on Macroeconomics, MIT Press, section 3.2.
• Lindbeck, Assar, and Mats Persson (2003): “The Gains from Pension Reform,” Journal of Economic Literature, vol. 41, no. 1, 74-112.
• Galasso, Vincenzo, and Paola Profeta (2004): “Politics, Ageing and Pensions,” Economic Policy, 63-115.
• Boeri, Tito, Axel Börsch-Supan and Guido Tabellini (2001): “Would You Like to Shrink the Welfare State? A Survey of European Citizens,” Economic Policy, 9-50.

2.3 Bombolles Especulatives

• Blanchard, Olivier, and Stanley Fischer (1989): Lectures on Macroeconomics, MIT Press, section 5.2.
• Ventura, Jaume (2003): “Economic Growth with Bubbles,” unpublished manuscript.
• Bond, Stephen, and Jason Cummings (2000): “The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions,” Brookings Papers on Economic Activity, Vol. 2000, No. 1, 61-124.
• Himmelberg, Charles, Christopher Mayer and Todd Sinai (2005), “Assessing High House Prices: Bubbles, Fundamentals and Misperceptions,” Journal of Economic Perspectives, Vol. 19, No. 4, 67-92.

2.4 Desequilibris Financers Globals 

• Obstfeld, M. and K. Rogoff (2005): “Global Current Account Imbalances and Exchange Rate Adjustments,” Brookings Papers on Economic Activity, Vol. 2005, No. 1, 67-146.
• Kraay, Aart, and Jaume Ventura (2007): "The Dot-Com Bubble, the Bush Deficits, and the US Current Account," in Richard Clarida ed., G7 Current Account Imbalances: Sustainability and Adjustment, University of Chicago Press.