Current macroeconomic events and their implications for organizations. Overview of the financial architecture of modern economies and its role in the propagation of local and global shocks. Response of policymakers to recessions and financial crises.
The first objective of this course is to introduce a rich macroeconomic framework to better understand the current state of the economy, the drivers of business cycles and the policies used to manage them. The second is to provide an overview of the financial architecture of modern economies and its role in generating and propagating macro shocks. Throughout the course, we draw from current events, reflect on possible scenarios going forward and discuss the implications for managers and their organizations.
A framework for macroeconomic analysis: the behaviour of firms and households over the business cycle
Fiscal and monetary policy: roles tools and limitations
Macro news monetary policy and asset prices
The financial architecture of modern economies: an overview of the main actors and their interrelations
Financial crises: causes genesis and macroeconomic consequences
Central banks regulation and financial stability