Isaac Baley
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​Macroeconomics I

UPF, Fall 2015

Everyone is welcome to browse and use my materials as long as you mention the source and do not develop them commercially. Much of this notes are built on the hard work of my teachers and colleagues. All remaining errors are mine.
The notes are based on Blanchard, Amighini and Giavazzi (2013) "Macroeconomics: A European Perspective". 
Special thanks to Davide Debortoli for sharing his materials that are the basis for these notes. 


Lecture Notes

Part I​  The Open Economy
Lecture 0  Introduction
Lecture 1    Review of IS-LM in Closed Economy
Lecture 2   IS-LM Open Economy: Goods Market
Lecture 3   IS-LM Open Economy: Financial Market
Lecture 4   Exchange Rate Regimes
Lecture 5   History of European Monetary Union

Part II  Expectations
Lecture 6     Financial Markets and Expectations I: Present Discounted Value
Lecture 7     
Financial Markets and Expectations II: Bond Pricing and Yield Curve
Lecture 8     Financial Markets and Expectations III: Stock Markets
Lecture 9     New Theories of Consumption and Investment

Lecture 10   Expectations, Output and Policy

Part III  Economic Policies
Lecture 11     Role of Policy Intervention
Lecture 12    The Financial Crisis and the Great Recession 
Lecture 13    Fiscal and Monetary Responses to Crisis
Lecture 14    Government Debt Dynamics
Lecture 15    Policy Rules


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