Theme: Macroeconomics of Development

  • Speaker : Prof. Léonce Ndikumana
  • Home university: University of Massachusetts Amherst, USA
  • Period: 5 – 11 July 2023 /13h – 15H45mn

 

LECTURES/MODULES

 

1. Overview of the main approaches to macroeconomic analysis and implications for development: 5-6 July

  • Brief overview of the evolution of macroeconomic theories
  • Trade-offs between macroeconomic objectives; the case of inflation and unemployment trade-off *
  • Capital market imperfections and implications for macroeconomics and monetary policy

 

2. The drivers of long-term economic growth: 6, 7, 10 July

  • Savings, investment and growth
  • Convergence, divergence
  • Technological progress, innovation and growth
  • Institutions and growth
  • The political economy of growth

 

3. Inflation and macroeconomic stability: 10, 11 July

  • Inflation and budget deficit financing
  • Operational framework for inflation control
  • Inflation targeting: Lessons from recent experiences in Africa and elsewhere

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