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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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"


Journal of Political Economy, 2024, 132 (3), 971-1012

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

Download file

How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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

Political Economy

Instructor: Gilles Saint-Paul
Selected Topics: – Redistributive conflicts among income groups and consequences for growth
– The political economy of social security systems
– The impact of political constitutions on fiscal perfomance
– Models of representative democracy and lobbying
Dates: June 19-23
Time: 9:00-11:00 (10 hours)
   

Recent Developments in the Theory and Empirics of Growth (2 units)

Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and the convergence debate
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
– The recent growth accounting controversy
– Economic history of the world: models of industrial revolutions
– Empirical determinants of economic growth, robustness and millions of regressions
– The world income distribution
– Miracles, disasters and new theories of development
Dates: June 19-23
Time: 11:30-13:30 and 15:00-17:00 (20 hours)
   

New Perspectives on Monetary Policy

Instructor: Jordi Galí
Selected Topics: – Optimal monetary policy in the presence of nominal rigidities
– The gains from commitment revisited
– Inflation dynamics
– Monetary policy rules: evidence and macroeconomic implications
Dates: June 26-30
Time: 9:00-11:00 (10 hours)
   

Methods for Applied Macroeconomics

Instructor: Fabio Canova
Selected Topics: – Structural VARs
– Bayesian VARs
– GMM
– Calibration, simulation, and model evaluation techniques
Dates: June 26-30
Time: 11:00-13:30 (10 hours)
   

Solution Methods for Nonlinear Stochastic Dynamic Models

Instructors: Albert Marcet
Selected Topics: – Introduction to Nonlinear Stochastic Dynamic Models
– Some solution methods based on first order conditions: minimum weighted residuals and parameterized expectations
– Application to examples: simple growth model, heterogeneous agents and incomplete markets, distorting taxation, participation constraints
Dates: June 26-30
Time: 15:00-17:00 (10 hours)
   

 

Prices

10 hours: 300 euros
20 hours: 550 euros
30 hours: 800 euros
40 hours: 950 euros
50 hours or more: 1100 euros

Fabio Canova

      Fabio Canova earned his Ph.D. in Economics at the University of Minnesota in 1989.He has been an Assistant Professor at Brown University and Rochester, an Associate Professor at Brown University and the European University Institute and a Full Professor at the University of Catania, Modena and Pompeu Fabra. He is also part-time professor at the University of Southampton. Besides the above places, he has taught courses at various summer schools, University of Minnesota, CIDE, Prometeia, National Bank of Hungary, Ministry of Finance of Indonesia, University of Naples and Sorbone, among other places.

      His research interests include quantitative macroeconomics, monetary theory, international business cycles and macroeconometrics.

      He is Associate Editor of the European Economic Review, Journal of Applied Econometrics, Journal of Macrodynamics, and Investigaciones Económicas. He is also a Research Fellow at the CEPR and consultant with various monetary institutions.

 

Selected publications:

 

  • “Detrending and Business Cycle Facts” Journal of Monetary Economics, June 1998
  • “Household Production, Financial Markets and International Business Cycles (with A. Ubide)”, Journal of Economic Dynamics and Control, April 1998.
  • “Sources and Propagations of International Output Fluctuations: Common Shocks or Transmission? (with J. Marrinan) Journal of International Economics, November 1998.

 

Antonio Ciccone

      Antonio Ciccone earned a MSc in econometrics and mathematical economics at the London School of Economics in 1990 and a PhD in economics at Stanford University in 1994. He is currently associate professor at the Universitat Pompeu Fabra. He was an assistant professor in the Department of Economics at the University of California, Berkeley for 1994/1995-1998/1999 and a visiting professor at UPF for 1994/1995-1995/1996 and 1998/1999.

      He is a fellow of the CEPR and associate editor of the European Economic Review. His teaching focuses mostly on advanced macroeconomics, which he taught at Berkeley, Stanford, and UPF. His research interests are in macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • Productivity and the Density of Economic Activity,” American Economic Review, March 1996. With Robert Hall.
  • “Start-Up Costs and Pecuniary Externalities as Barriers to Economic Development,” Journal of Development Economics, May 1996. With Kiminori Matsuyama.
  • “Efficiency and Equilibrium with Locally Increasing Aggregate Returns Due to Demand Complementarities,” Econometrica, May 1999. With Kiminori Matsuyama.

 

Jordi Galí

      Jordi Galí earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1989. He has been an Associate Professor at the Graduate School of Business at Columbia University. Currently he is a Professor in the Department of Economics at New York University, and at UPF, where he is the CREI director. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), Bank of Finland, and Bank of Portugal, among other places.

      His research interests include macroeconomics, monetary theory, and macroeconometrics.

      He is a co-editor of the European Economic Review, and a member of the Board of Editors of the American Economic Review, among other editorial activities. He is the co-director of the International Macroeconomics Programme of the CEPR, as well as a Research Fellow at the NBER.

 

Selected publications:

 

  • “Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory” (with R. Clarida and M. Gertler), Quarterly Journal of Economics, 2000, forthcoming.
  • “Inflation Dynamics: A Structural Econometric Analysis” (with M. Gertler), Journal of Monetary Economics, vol. 44, no. 2, 195-222, 1999.
  • “The Science of Monetary Policy: A New Keynesian Perspective” (with R. Clarida and M. Gertler), Journal of Economic Literature, vol 37, no. 4, 1661-1707, 1999.

 

Albert Marcet

      Albert Marcet graduated in Economics at the Universitat Autònoma de Barcelona (1982) and earned his Ph.D. in Economics at the University of Minnesota (1987).

      He is Professor of Economics at the Universitat Pompeu Fabra from its beginning. He has also been professor at Carnegie-Mellon University, Pittsburgh (1986-1992) and visiting professor at the London Business School, CEMFI (Madrid), the Federal Reserve Bank of Minneapolis, Institut d’Anàlisi Econòmica and the Universitat Autònoma of Barcelona.

      His main areas of research are: macroeconomics, fiscal policy, solution methods of dynamic models, financial economy and learning models.

 

Selected publications:

 

  • “Simulation Analysis of Stochastic Dynamic Models: Applications to Theory and Estimation”, 1994, in Advances in Econometrics, Sixth World Congress of the Econometric Society, ed. C.A. Sims. Cambridge University Press.
  • “Accuracy in Simulations” (joint with W. den Haan) Review of Economic Studies, January 1994.
  • “Equilibrium Asset Prices and Savings in a Model with Heterogeneous Agents, Incomplete Markets and Liquidity Constraints”, (joint with K. Singleton), June 1999, Macroeconomic Dynamics.

 

Gilles Saint-Paul

      Gilles Saint-Paul earned his Ph.D. in Economics at the Massachusetts Institute of Technology in 1990. He has been a researcher at CERAS and DELTA (Paris) and a fellow of the CEPR since 1991. He has taught courses at MIT, CEMFI, Université Libre de Bruxelles, Université de Toulouse, UCLA, and the European Commission, among other places. Currently he is a Professor at UPF.

      His research interests include macroeconomics, labor economics, public finance and political economy.

      He is a member of the Council of the European Economic Association, and a member of the Editorial Board of Labour Economics and Macroeconomic Dynamics.

 

Selected publications:

 

  • “The rise and persistence of rigidities,” American Economic Review, 1997
  • “Are the unemployed unemployable?,” European Economic Review, 1996
  • “Fiscal policy in an endogenous growth model”, Quarterly Journal of Economics, 1992, 1243-1260

 

Xavier Sala-i-Martin

      Xavier Sala-i-Martin earned his Ph.D. 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 Columbia University in New York. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places.

      His research interests include economic growth, macroeconomics, public finance and social security, health and population economics, and monetary economics.

      He is a member of the Board of Editors of the Journal of Economic Growth, Macroeconomics Dynamics, and Economics Letters. He is also a Research Fellow at the CEPR and the NBER and a consultant for the World Bank and the International Monetary Fund.

 

Selected publications:

 

  • Economic Growth, 2nd print MIT Press, Cambridge, MA. 1998 (1st print, McGraw Hill, 1995). With Robert Barro.
  • The Adoption Costs of Financial technologies: Implications for Monetary Theory,” Journal of Political Economy, forthcoming 2000. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks,” American Economic Review¸ December 1999. With Will Dow and Tom Philipson.

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How to get to the city from the airport? 

There are several ways: 

  • by bus: Aerobus. This bus takes you to and from the airport every 15 minutes with stops at Plaça Catalunya, Passeig deGràcia and Plaça Espanya.
  • by train. RENFE, every 30 minutes with stops at Barcelona Sants, Plaça Catalunya, Arc de Triomf i Clot.
    Information about public transportation from the Airport to Barcelona
  • by taxi. It can cost from Euros 18 to 24 depending on the day, time, etc. 

How to get to the UPF? 

      See the Barcelona Subway Map or Information on Barcelona Subway 

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. 

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