ECON 359
Developing Country Macroeconomics II: Institutions and Policy Regimes Spring 2019 Division II; Cross-listed as ECON359 / ECON515

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Developing countries do not find it difficult to initiate rapid growth, but do find it difficult to sustain it. Growth spurts are often derailed by macroeconomic shocks. As developing countries become increasingly open to trade and financial interactions with the rest of the world, such shocks may become more frequent, and potentially more severe. This course examines the types of macroeconomic institutions and policy regimes that can help developing countries withstand such shocks and sustain economic growth. We will examine fiscal rules, policies toward the domestic financial sector, central bank independence, the design of monetary and exchange rate regimes, and capital account regimes. We will also consider how shortcomings in institutions and policy regimes have contributed to macroeconomic crises in developing countries .
The Class: Type: lecture
Expected: 25-30
Class#: 3262
Requirements/Evaluation: two midterms and a final project
Extra Info: not available for the fifth course option
Prerequisites: ECON 505 or 506; undergraduate enrollment limited and requires instructor's permission
Distributions: Division II;
Attributes: GBST Economic Development Studies Electives; POEC International Political Economy Courses

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