Recent Publications

Asriyan, V., L. Laeven, A. Martin, A. Van der Ghote and V. Vanasco,

"Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium"


Forthcoming in The Review of Economic Studies, 2024

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

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Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Nagy, D., C. Ducruet, R. Juhász and C. Steinwender,

"All Aboard: The Effects of Port Development"


Forthcoming in Journal of International Economics, 2024

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Galí, J., R. Billi and A. Nakov,

"Optimal Monetary Policy with r*< 0"


Journal of Monetary Economics, 2024, 142, article 103518

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


Forthcoming in Journal of Political Economy, 2024

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

J. Díaz-Saavedra, R. Marimon and J. Brogueira de Sousa,

"A Worker’s Backpack as Alternative to the Spanish PAYG Pension System"


Journal of the European Economic Association, 2023, 21 (5), 1944-1993

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

G. Callegari, R. Marimon, A. Wicht and L. Zavalloni,

"On a Lender of Last Resort with a Central Bank and a Stability Fund"


Review of Economic Dynamics, 2023, 50, 106-130

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Y. Liu, R. Marimon and A. Wicht,

"Making Sovereign Debt Safe with a Financial Stability Fund"


Journal of International Economics, 2023, 145, article 103834

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Broner, F., T. Didier, S. Schmukler and G. von Peter,

"Bilateral International Investments: The Big Sur?"


Journal of International Economics, 2023, 145, article 103795

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Á. Ábrahám, J. Brogueira de Sousa, R. Marimon and L. Mayr,

"On the Design of a European Unemployment Insurance System"


European Economic Review, 2023, 156, article 104469

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

Download file

Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

Schaal, E. and Mathieu Taschereau-Dumouchel,

"Herding through booms and busts*"


Journal of Economic Theory, 2023, 210, article 105669

An Introduction to the New Keynesian Framework and its Monetary Policy Applications

Instructor: Jordi Galí
Selected Topics:

– The basic New Keynesian model
– Optimal monetary policy in the basic New Keynesian model
– Sources of policy trade-offs: discretion vs. commitment
– Labor market imperfections and monetary policy

Dates: June 30-July 4
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
   

Social Learning and Policy Design

Instructor: Ramon Marimon
Selected Topics:

– Beyond incentives: the role of expectations in macroeconomic policy design
– Controlling inflation with limited knowledge
– Social learning, employment and redistribution
– Avoiding economic recessions
– Learning macroeconomic institutional design from history?

Dates: June 30-July 4
Time: 11:30 – 13:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development I

Instructor:

Xavier Sala-i-Martin
Selected Topics:

– The world distribution of income
– Growth, poverty and inequality: the role of globalization
– Neoclassical growth theory: the power of diminishing returns
– The role of incentives
– Government, taxation, the Welfare State and growth
– Ideas and growth: R&D, patents. AIDS, malaria and generics
– The effectiveness of international aid in promoting economic development. Randomized field
experiments
– The tragedy of Africa: Diagnostic and priorities

Dates: June 30-July 4
Time: 14:30-16:30 h
Price: 500 euros
  Reading list
   

Economic Growth and Development II

Instructor: Antonio Ciccone
Selected Topics:

– Entry regulation, finance, and economic growth
– Institutions, geography, and trade as deep deteminants of economic development
– Income as a determinant of civil conflict and democracy
– Human capital, comparative advantage, and technological catch up
– Learning about growth from growth regressions

Dates: June 30-July 4
Time: 17:00-19:00 h
Price: 500 euros
  Reading list
   

Globalization and Financial Markets

Instructor: Jaume Ventura
Selected Topics:

– Sovereign risk, default and restructuring
– Application (1): effects of financial integration in emerging markets
– Application (2): the international financial architecture
– Asset bubbles, financial frictions and capital flows
– Application (3): global imbalances
– Application (4): sources and effects of financial market instability

Dates: July 7-11
Time: 09:00-11:00 h
Price: 500 euros
  Reading list
  Class Notes I
  Class Notes II
  Class Notes III
  Class Notes IV
  Class Notes V
   

Financial Crises, Bubbles and Crashes

Instructor: Hans-Joachim Voth
Selected Topics:

– The origins of bubbles and lending booms: past, present and future
– Monetary policy and asset prices: how should central banks react to bubbles?
– Credit linkages, multipliers and real effects
– Contagion: measurement and impact
– Alternatives investment vehicles and the rise of a “shadow banking system”
– Ruling out instability: what role for bank supervision and financial regulators?

Dates: July 7-11
Time: 11:30-13:30 h
Price:

500 euros

  Reading list
  Website (links to readings)

Fiscal Policy in General Equilibrium Models of the Business Cycle

Instructor: Albert Marcet
Selected Topics:

– Fiscal policy analysis in dynamic models
– Sustainability of debt
– Effects of constraints on fiscal policy (debt limits, balanced budgets …)
– Debt management
– Stabilization policies
– Interaction with monetary policy
– Commitment versus discretion

Dates: July 7-11
Time:

14:30-16:30 h

Price: 500 euros
  Reading list

 

Fabio Canova

Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1988. He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute, a Professor at the University of Catania, University of Modena, and Universitat Pompeu Fabra and a Research Professor with IGIER and ICREA. He has also been Part-Time Professor at the University of Southampton and the London Business School. Besides the above places, he has taught courses at various summer schools, at the Bank of Italy, the ECB, the Bank of England, UK Treasury and UK Foreign Office, Riksbank, Swiss National Bank, Banco de Argentina, Banco do Brazil, Banco de España, Banco do Portugal, Reserve Bank of South Africa among other places and he has been a consultant with the Bank of England, the IMF, the ECB, Bank of Spain and the Bank of Italy. He is a Research Fellow at the CEPR, a Research Associate at CREI, a Member of the CEPR Dating Committee, a Member of the Advisory Board of Dynare, the Founder of the Applied Macroeconomic Network (AMeN) and coeditor of the Journal of the European Economic Association. His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

 

Selected publications:

 

  • Methods for Applied Macroeconomic Research, Princeton University Press, 2007
  • “How Much Structure in Empirical Models” Palgrave Handbook of Applied Econometrics, forthcoming
  • “Similarities and Convergence in G7 Cycles” (with M. Ciccarelli and E. Ortega), Journal of Monetary Economics, 2007.
  • “Price Dispersion in Monetary Union: the Role of Fiscal Shocks” (with E. Pappa), Economic Journal, 2007.
  • “On the Elusive Costs and the Immaterial Gains of Fiscal Restrictions” (with. E. Pappa),Journal of Public Economics, 2006.
  • “Forecasting and Turning Point Predictions in a Bayesian Panel VAR Model” (with M. Ciccarelli), Journal of Econometrics, 2004.

 

Antonio Ciccone

Antonio Ciccone earned his PhD in Economics at Stanford University in 1994. Currently he is an ICREA Professor at Universitat Pompeu Fabra. He earned a PhD in Economics at Stanford University in 1994. He is a co-editor of The Economic Journal and member of the editorial board of the Review of Economic Studies. He has taught courses in macroeconomics at the graduate level at UC Berkeley, the Barcelona GSE, the London School of Economics, the London Business School, Stanford University as well as the European Commission and the European Central Bank.

 

Selected publications:

 

  • “Human Capital, the Structure of Production, and Growth” (with E. Papaioannou), Review of Economics and Statistics, forthcoming.
  • “Red Tape and Delayed Entry” (with E. Papaioannou), Journal of the European Economic Association (Papers and Proceedings), forthcoming.
  • “Identifying Human Capital Externalities: Theory and Applications” (with G. Peri), Review of Economic  Studies, April 2006.
  • “Trade and Productivity” (with F. Alcalá) Quarterly Journal of Economics, May 2004.

 

Jordi Galí

Jordi Galí earned his PhD in Economics at the Massachusetts Institute of Technology (MIT) in 1989. Currently he is Director and Senior Researcher of the Center for Research on International Economics (CREI) and a Professor at Universitat Pompeu Fabra. He has held academic positions at New York University and Columbia University. He has been a Visiting Professor at MIT. He has served as a co-editor of the Journal of the European Economic Association. He is a Research Fellow at the CEPR, a Research Associate at the NBER, and a Fellow of the Econometric Society. He has been consultant to the European Central Bank, the Federal Reserve, the Bank of Spain and other central banks. His research interests include macroeconomics and monetary theory.

 

Selected publications:

 

  • Monetary Policy, Inflation and the Business Cycle: An Introduction to the New Keynesian Framework, Princeton University Press, (Princeton, NJ), 2008, forthcoming.
  • “Real Wage Rigidities and the New Keynesian Model”, (with O. Blanchard), Journal of Money, Credit and Banking, supplement to vol. 39, no. 1, 2007.
  • “Monetary Policy and Exchange Rate Volatility in a Small Open Economy,” (with T. Monacelli), Review of  Economic Studies, 2005.
  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory”, (with R. Clarida and M.  Gertler), Quarterly Journal of Economics, January 2000.
  • “The Science of Monetary Policy: A New Keynesian Perspective,” (with R. Clarida and M. Gertler), Journal of  Economic Literature, December 1999.

 

Albert Marcet

Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his PhD in Economics at the University of Minnesota (1987). He is Research Professor at the Institut d’Anàlisi Econòmica, Barcelona. He has also been Professor at Universitat Pompeu Fabra (1990-2003) and Carnegie-Mellon University, Pittsburgh (1986-1992) and has been a visitor at the ECB, London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis and the Universitat Autònoma of Barcelona. His main areas of research are macroeconomics, fiscal policy, solution methods of dynamic models, financial economics and learning models.

 

Selected publications:

 

  • “Incomplete Markets, Labor supply and Capital Accumulation” (with F. Obiols and P. Weil), forthcoming in Journal of Monetary Economics.
  • “Recurrent Hyperinflations and Learning” (with J. P. Nicolini), American Economic Review, December 2003.
  • “Optimal Taxation without State-Contingent Debt” (with R. Aiyagari, T. J. Sargent and J. Seppala), Journal  of Political Economy, December 2002.

 

Ramon Marimon

Ramon Marimon earned his Ph.D. in Economics at Northwestern University 1984. Full professor at the Universitat Pompeu Fabra (since 1990) and at the European University Institute (since 2007), where he is Director of the Max Weber Postdoctoral Programme, was previously professor at the University of Minnesota and has been visiting professor at Stanford University and the Federal Reserve Bank of Minneapolis, among other places. Research fellow of the NBER and of the CEPR, he has been co-editor of the Review of Economic Dynamics. He is also Fellow of the European Economic Association and of the Spanish Economic Association. His research interests include macroeconomics, monetary theory, labor theory, political economy, dynamic contract theory, learning theory, and science and innovation policy.

 

Selected publications:

 

  • “Nominal Debt as a Burden on Monetary Policy” (with J. Días-Giménez, G. Gionannetti and P. Teles), Review of Economic Dynamics, 2008.
  • “Aggregate Consequences of Limited Contract Enforceability” (with T. Cooley and V. Quadrini), Journal of Political Economy, 2004.
  • “Inside-Outside Money Competition” (with J.P.Nicolini and P.Teles), Journal of Monetary Economics, 2003.
  • “Convergence of Monetary Inflation Models with Heterogeneous Learning Rules,” (with G. Evans and S. Honkapohja), Macroeconomic Dynamics, 2001.
  • “Employment and Distributional Effects of Restricting Working Time” (with F. Zilibotti),European Economic Review, 2000.

 

Xavier Sala-i-Martin

 

Xavier Sala-i-Martin earned his PhD in Economics at Harvard in 1990. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF. He has been an Associate Professor at the Department of Economics at Yale University and Visiting Professor at Harvard University. He has also taught at Universitat Pompeu Fabra, Harvard University, New York University, Yale University and the International Monetary Fund, among other places. He is senior economic adviser to the World Economic Forum (WEF), editor of the Global Competitiveness Report of the WEF, Research Associate at the NBER and has been consultant for the World Bank and the International Monetary Fund. In 2006 he was the President of FC Barcelona and he is now the President of its Economic Commission. His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

 

Selected publications:

 

  • “The World Distribution of Income: Falling Inequality and Convergence, Period”, Quarterly Journal of  Economics, May 2006.
  • “Determinants of Long-Term Growth: A Bayesian Average of Classical Estimates (Bace) Approach” (with G.  Doppelhoffer and R. Miller), American Economic Review, September 2004.
  • “The Economic Tragedy of the XXth Century: Growth in Africa” (with E.V. Artadi), inAfrican  Competitiveness Report of the World Economic Forum, September 2003.
  • Economic Growth, 2nd Edition, MIT Press, Cambridge, MA, 2003 (with R. Barro).
  • “Health Investment Complementarities under Competing Risks,” (with W. Dow and T. Philipson), American  Economic Review, December 1999.

 

Jaume Ventura

Jaume Ventura earned his PhD in Economics at Harvard University in 1995. Currently he is a Senior Researcher at CREI. Previously, he has held academic positions at MIT and the University of Chicago. He is co-director of the International Macroeconomics Programme of the CEPR and has served as editor of The Economic Journal. He is also a Faculty Research Fellow at the NBER, and has served as a consultant to the World Bank and the Inter-American Development Bank. His research interests include international economics and macroeconomics.

 

Selected publications:

 

  • “Comparative Advantage and the Cross-section of Business Cycles (with A. Kraay) Journal of the European Economic Association, December 2007.
  • “Country Portfolios” (with A. Kraay, N. Loayza and L. Servén) Journal of the European Economic Association, June 2005.
  • “Current Accounts in the Long and Short Run” (with A. Kraay) NBER Macroeconomics Annual 2002, July   2003.
  • “Trade Integration and Risk Sharing” (with A. Kraay), European Economic Review, June 2002.
  • “A Portfolio View of the Current Account Deficit”, Brookings Papers, July 2001.
  • “Current Accounts in Debtor   and Creditor Countries” (with A. Kraay), Quarterly Journal of Economics, November 2000.

 

Hans-Joachim Voth

Hans-Joachim Voth earned his PhD in Economics at Oxford University in 1996. Currently he is ICREA Research Professor of Economics and Economic History at UPF. He is a CEPR fellow, and a member of the editorial board of the Journal of Economic History. He has won the Gino Luzzatto Prize for the best thesis in European economic history, the Alexander Gershenkron Prize for best thesis on non-US topics, and a Leverhulme Prize for outstanding researchers under the age of 35. His work has appeared in the Quarterly Journal of Economics, American Economic Review, theEuropean Economic Review, the Journal of Economic History, Explorations in Economic History, and in a book with Oxford University Press. He has held visiting appointments at Stanford, MIT, Princeton and Stern Business School (NYU). His research interests are in financial and economic history and macroeconomics.

 

Selected publications:

 

  • “Betting on Hitler: The Value of Political Connections in Nazi Germany” (with T. Ferguson),Quarterly Journal of Economics, February 2008.
  • “Interest Rate Restrictions in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714” (with P. Temin), Economic Journal, May 2008.
  • “Credit Rationing and Crowding Out during the Industrial Revolution: Evidence from Hoare’s Bank, 1702-1862” (with P. Temin), Explorations in Economic History, July 2005.
  • “Riding the South Sea Bubble” (with P. Temin), American Economic Review, December 2004.
  • “With a Bang, Not a Whimper: Pricking Germany’s “Stockmarket Bubble” in 1927 and the Slide into  Depression”, Journal of Economic History, 2003.

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Barcelona receives thousands of visitors, especially in summer.
Please, make your reservations directly as soon as possible.

 

Residence Halls

Residence Hall for Researchers (comfort)
C/Hospital, 64
08001-Barcelona
Tel. (+34) 93 443 8610
Fax. (+34) 93 442 8202
investigadors@resa.es
https://www.resa.es/

 

Residència Universitària “La Ciutadella”
Pg. Pujades, 33-37
Tel. (+34) 902444447
resa@resa.es
https://www.resa.es

 

Residència Universitària Campus del Mar
Passeig Salvat Papasseit, 4
08003 Barcelona
Tel. (+34) 933 904 000
https://www.resa.es

 

Residencias Juevenes-El Campus
C/Mallorca, 191, Pral.
jmpresi@arrakis.es
https://www.arrakis.es/~jmpresi/index.htm

 

APIMEC Residencia Universitaria
C/Bruc, 136
residencia.apimec@caixaterrasa.com
https://www.habitatgejove.com/arrel_eg/index_i.html

 

BARCELONAUTA
C/Sardenya, 326-328 entol. 2
bcnauta@comb.es

Hotels

Hotel H10 Marina Barcelona (4*)
Address: Av Bogatell, 64-68
Phone: 933097917 / 933003310 (fax)
Web: https://www.h10.es
E-mail: h10.marina.barcelona@h10.es

 

Hotel Icaria Barcelona (4*)
Address: Av Icària, 195-197
Phone: 932218200 / 932212458 (fax)
Web: https://www.sbhotels.es
E-mail: hotel@icaria.barcelona

 

Hotel Silken Diagonal (4*)
Address: Av. Diagonal, 205
Phone: 934 895 300 / 934 895 309 (fax)
Web: https://www.hoteles-silken.com/hoteles/index2.php?idhotel=19
E-mail: hotel.diagonalbcn@hoteles-silken.com

 

Hotel Glòries (3*)
Address: Padilla, 173 (with Gran Via)
Phone: 932 650 808
Web: https://www.hotelglories.com/
E-mail: reservas@hotelglories.com

 

Hotel Park Hotel (3*)
Address: Av Marquès de l’Argentera, 11
Phone: 933196000 / 933194519 (fax)
E-mail: parkhotel@parkhotelbarcelona.com

 

Hotel Pere IV (3*)
Address: C Pallars, 128*130
Phone: 933 209 650 / 933 009 060 (fax)
Web: https://www.euro-mar.com
E-mail: hotelpereiv@euro-mar.com

 

Hotel Oasis II (2*)
Address: Pla Palau, 17
Telèfon: 933194396 / 933104874 (fax)

 

Hotel Lyon (1*)
Address: C General Castaños, 6
Phone: 933194360 / 933194431 (fax)
Web: https://www.gargallo-hotels.com
E-mail: lyon@gargallo-hotels.com

Useful Links

 

How to get to the city from the airport?

 

Please visit: Barcelona Tourism (then have a look at “planning your journey”)

 

There are several ways:

 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes and stops at Estació de Sants, Plaça Espanya, Plaça Catalunya i Passeig de Gràcia. A ticket costs € 3.90
  • by bus: 106. This bus takes you only to Plaça Espanya. A ticket costs €1.30
  • by train: RENFE. Trains depart every 30 minutes and stop at Barcelona Sants, Passeig de Gràcia and Estació de França
  • by taxi. A taxi ride can cost from € 30 to 35 depending on the day, time, etc.
  • by rental car
  •  

Information about transportation from the Airport to Barcelona

How to get to the UPF?

UPF location map (Ciutadella campus)
Visit Barcelona Transportation

How to get to CREI (Universitat Pompeu Fabra) from the nearest metro station?

 

      The nearest metro station is “Ciutadella-Vila Olímpica” and belongs to L4 line (yellow one). When you get the street (Ramon Trias Fargas) you just have to walk up and you will find the university on your left.

For further information you can visit:

 

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