Macro Policy Seminar
| Lecture handout: Macro Policy Seminar |
The purpose of this session is to bring together the twin elements of Aggregate Demand (AD) management in a practical and action based format.
| Group activity: ECB Simulation, April 2025 |
You can read more details about the Bank of England’s MPC here. I used to regularly participate in the Shadow MPC. A useful resource may be the Kaleidic Dashboard.
| Group activity: Canadian Multiplier, April 2025 (used with “Fiscal Multiplier Worksheet“, March 2018) |
In the lecture I briefly mention the relevance of a specific Reinhart-Rogoff paper for the austerity debate. For more on that see here:
- “The 90% Question” The Economist, April 20th 2013
- The Reinhart-Rogoff error – or how not to Excel at economics, The Conversation, April 22nd 2013
| Group activity: BoP Identification, September 2026 (and BoP Worksheet) |
The following is a comprehensive recap of key learning outcomes:
| Group activity: “Macro Policy Assignment“, November 2021 and complete the Macro Policy Assignment Form. |
The concepts discussed in this session should help students to understand the rationale for Georgia’s “Law on Economic Freedom”, which limited the government to the following (see Lawson and Powell, 2019, p. 114):
- Annual budget deficit of no more than 3% of GDP
- National debt of no more than 60% of GDP
- Annual government spending of no more than 60% of GDP
- No new tax without voter approval
Here is my video on AD management, and here is a quiz.
AI integration
Anthropic have an Economic Advisory Council which helps to create the Anthropic Economic Index.
Also:
- Macro Country 2024: activity, map
- Macro Stability: Instructions, Google Sheet
- Country Comparison: activity
To keep up to date with my thoughts on economic issues either follow me on X/Twitter or see Kaleidic Economics.