Advanced Training in Economic Analysis and Management - Macroeconomic Policy
OCP Policy Center, Rabat.
This course aims to strengthen participant’s ability to master the key tools used in macroeconomic policy analysis in a close and open economy framework. After introducing the main macro concepts in the framework of national account systems in open economy, the course explores the determinants of key macroeconomic aggregates so as the role of fiscal policy, monetary policy, and macro-prudential policies in stabilizing the macroeconomy while keeping public debt accumulation sustainable.
• Understanding the key macroeconomic concepts and mechanisms in closed and open economy;
• Evaluating public debt sustainability;
• Understanding the conduct of monetary and exchange rate policy in response to macroeconomic shocks and its transmission to the economy in an open economy environment;
• Discussing macro-financial stability and the use of alternative macro-prudential stabilization tools;
• Running VAR models and simple DGSE models in order to carry policy evaluation and forecasting.
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Romain Rancière is Senior Economist at the International Monetary Fund (Institute for Capacity and Development) and Professor of Economics (on leave) at Paris School of Economics. He will be joining the faculty at University of Southern California in January 2017 as a Professor of Economics. Romain Rancière obtained his PhD in Economics from NYU in 2003 following undergraduate studies in Economics and Philosophy at Ecole Normale Superieure in Paris.