Filipe R. Campante is Bloomberg Distinguished Professor at Johns Hopkins University (SAIS and Carey Business School). He is interested in political economy, development economics, and urban/regional issues. His research looks at what constrains politicians and policy makers beyond formal checks and balances: cultural norms, institutions, media, political protest. In particular, it has focused on how these informal constraints are affected by the spatial distribution of people and economic activity, by access to information, by the evolution of cultural norms, and by the structure of the economy. He tries to answer these aggregate questions — what happens to countries or states or cities — with an applied microeconomic approach.
This rigorous yet accessible book fills that gap. It was born as a Masters course that each of the authors taught for many years at Harvard’s Kennedy School of Government. And it draws on the authors’ own extensive practical experience as macroeconomic policymakers. It introduces the tools of dynamic optimization in the context of economic growth, and then applies them to policy questions ranging from pensions, consumption, investment and finance, to the most recent developments in fiscal and monetary policy.
Written with a light touch, yet thoroughly explaining current theory and its application to policy-making, Advanced Macroeconomics: An Easy Guide is an invaluable resource for graduate students, advanced undergraduate students, and practitioners. Read more >