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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

For further information you can visit:

 

Jeenas, P. and R. Lagos,

"Q-Monetary Transmission"


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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

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

Recent Developments in the Theory and Empirics of Growth
Instructors: Antonio Ciccone and Xavier Sala-i-Martin
Selected Topics: – Neoclassical growth theory: background theory and recent evidence
– New models of endogenous growth and technological change: theory and evidence
– Determinants of economic growth with endogenous policy and institutions
Dates: June 21-25
Time: 10:00-12:00 and 14:00-16:00 (20 hours)
Price: 500 euros
   

Recent Developments in Macroeconomics
This course is organized in three different modules, taught by three different instructors during the same week (at different times). Students may register for one, two, or three modules.
Dates: June 28-July 2
Price: one module: 300 euros
two modules: 500 euros
three modules: 650 euros
Module 1: The Role of Labour Market Imperfections
Instructor: Gilles Saint-Paul
Selected Topics: – Job creation and job destruction over the cycle and in the growth process
– Technical progress and job destruction
– The political economy of unemployment
Time: 9.00-11.00 (10 hours)
Module 2: Monetary Policy, Inflation and the Business Cycle
Instructor: Jordi Galí
Selected Topics: – Business cycle models with sticky prices: the new generation
– The return of the Phillips curve
– Monetary policy rules: theory and evidence
Time: 11:3013:30 (10 hours)
Module 3: International Business Cycles
Instructor: Fabio Canova
Selected Topics: – Measurements of international business cycles
– Recent models of international business cycles
– Applications to consumption risk sharing, savings and investment, and real exchange rates
Time: 15:00-17:00 (10 hours)

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 a co-editor of the Journal of Forecasting, and an 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 his Ph.D. in Economics at Stanford University in 1994. He is an Assistant Professor in the Department of Economics at the University of California, Berkeley and a Visiting Professor at UPF.

      His research interests include macroeconomics, development economics, and regional economics.

 

Selected publications:

 

  • “Efficiency and Equilibrium Growth with Aggregate Increasing Returns Due to Demand Complementarities,” (with K. Matsuyama) Econometrica, forthcoming.
  • “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.

 

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 a Visiting Professor at UPF. In addition he has taught courses at Yale University, CEMFI, and the European Commission (DG-II), among other places.

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

      He is a co-editor of the European Economic Review, a member of the Board of Editors of the American Economic Review, and an Associate Editor of the Review of Economic Studies, Review of Economic Dynamics, Investigaciones Económicas, Spanish Economic Review, and Economics Letters. He is also co-director of the International Macroeconomics Programme of the CEPR, and a Research Fellow at the NBER.

 

Selected publications:

 

  • “Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations ?,” American Economic Review, forthcoming.
  • “Monetary Policy Rules in Practice: Some International Evidence”, European Economic Review, July 1998.
  • “How Well Does the IS-LM Model Fit Postwar U.S. Data? Quarterly Journal of Economics, 1992, 709-738.

 

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, labour 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.

      He has been an Associate Professor at the Department of Economics at Yale. He has taught courses at Universitat Pompeu Fabra, Harvard University, New York University, and the International Monetary Fund, among other places. Currently he is Professor in the Department of Economics at Columbia University, and a Visiting Professor at UPF.

      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 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 1999. With Casey Mulligan
  • “Health Investment Complementarities under Competing Risks”, (With Will Dow and Tom Philipson) American Economic Review, forthcoming 1999.

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 the Course Venue.
  • by taxi. It can cost from PTA 2,500 to 3,000 depending on the day, time, etc.

 

BMSS Hotel

 

      The selected hotel is Residència d’Investigadors. It is located at the core of the city, C/ Hospital, 64 (08001 Barcelona). Telf: + (34) 934.43.86.10, Fax: + (34) 934.42.82.02.

How to get to the UPF from the hotel?

 

      There is a 25 minutes walk from the hotel to the UPF or you can take the underground at “Liceu” station.

      See the Barcelona Subway Map.

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. Jaume I building is the one on your right. Room J-175 is here.

For further information you can visit:

 

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