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  • April 2015
  • Tutorial

Introduction to International Macroeconomics

By: Laura Alfaro and Elizabeth A. Meyer
This tutorial is a web-based, interactive program which will provide students with an introduction to the basic principles of macroeconomics and international macroeconomics. View Details
Keywords: International Macroeconomics; International Economy; Current Account; Unemployment; Inflation; Monetary Policy; Fiscal Policy; Gdp; Macroeconomics; Money; Business Cycles; Inflation and Deflation; Trade
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Alfaro, Laura, and Elizabeth A. Meyer. Introduction to International Macroeconomics. Harvard Business School Tutorial 715-702, April 2015.
  • April 2015
  • Teaching Note

International Macroeconomics — An Online Tutorial

By: Laura Alfaro and Elizabeth A. Meyer
This is the Teaching Note to accompany "International Macroeconomics", HBS Tutorial 715-702. View Details
Keywords: International Macroeconomics; International Economy; Current Account; Unemployment; Inflation; Monetary Policy; Fiscal Policy; Gdp; Macroeconomics; Money; Business Cycles; Inflation and Deflation; Trade
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Alfaro, Laura, and Elizabeth A. Meyer. "International Macroeconomics — An Online Tutorial." Harvard Business School Teaching Note 715-048, April 2015.
  • Research Summary

Macroeconomic management

By: Richard H.K. Vietor
Richard H. K. Vietor has been studying how national governments foster economic development and compete in a globalized economy. He has been researching these activities in ten countries, publishing the results first in 2007, in a book entitled How Countries... View Details
  • November 2003
  • Article

The Macroeconomics of Happiness

By: Rafael Di Tella, Robert MacCulloch and Andrew J. Oswald
We show that macroeconomic movements have strong effects on the happiness of nations. First, we find that there are clear microeconomic patterns in the psychological well-being levels of a quarter of a million randomly sampled Europeans and Americans from the 1970s to... View Details
Keywords: Macroeconomics; Happiness
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Di Tella, Rafael, Robert MacCulloch, and Andrew J. Oswald. "The Macroeconomics of Happiness." Review of Economics and Statistics 85, no. 4 (November 2003): 793–809.
  • 30 Nov 2018
  • Conference Presentation

Global Macroeconomic Scenarios

By: Dante Roscini
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Roscini, Dante. "Global Macroeconomic Scenarios." Paper presented at the Conference of the Italian Banking Foundations, Venice, Italy, November 30, 2018.
  • Article

Intertemporal Substitution in Macroeconomics

By: J. J. Rotemberg, N. Gregory Mankiw and Lawrence Summers
Keywords: Macroeconomics
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Rotemberg, J. J., N. Gregory Mankiw, and Lawrence Summers. "Intertemporal Substitution in Macroeconomics." Quarterly Journal of Economics 100, no. 1 (February 1985): 225–251.
  • March 2022
  • Module Note

International Macroeconomics with Global Crises

By: Alberto Cavallo
This note introduces a module of cases used at Harvard Business School (HBS) to teach fundamental concepts of international macroeconomics through the discussion of global crises. First, to provide context, it gives a brief overview of the module. Then, it describes... View Details
Keywords: International Economy; Crisis; Macroeconomics; Globalized Economies and Regions
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Cavallo, Alberto. "International Macroeconomics with Global Crises." Harvard Business School Module Note 722-044, March 2022.
  • 25 Jan 2010
  • Research & Ideas

A Macroeconomic View of the Current Economy

If they didn't understand it already, executives and corporate managers have learned one huge lesson over the past couple of years: macroeconomics matters. Interest rates. Exchange rates. Trade deficits. The Gross Domestic Product.... View Details
Keywords: by Sean Silverthorne
  • August 2020
  • Article

Macroeconomic Drivers of Bond and Equity Risks

By: John Y. Campbell, Carolin E. Pflueger and Luis M. Viceira
Our new model of consumption-based habit generates time-varying risk premia on bonds and stocks from loglinear, homoskedastic macroeconomic dynamics. Consumers' first-order condition for the real risk-free bond generates an exactly loglinear consumption Euler equation,... View Details
Keywords: Consumption-based Habit Formation; Consumption Euler Equation; Time-varying Risk Premia; Inflation Dynamics; Bond-stock Correlation; Risk and Uncertainty; Bonds; Macroeconomics
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Campbell, John Y., Carolin E. Pflueger, and Luis M. Viceira. "Macroeconomic Drivers of Bond and Equity Risks." Journal of Political Economy 128, no. 8 (August 2020): 3148–3185.
  • February 2014 (Revised August 2014)
  • Course Overview Note

Introduction to International Macroeconomics

By: Laura Alfaro and Elizabeth A. Meyer
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Alfaro, Laura, and Elizabeth A. Meyer. "Introduction to International Macroeconomics." Harvard Business School Course Overview Note 714-050, February 2014. (Revised August 2014.) (Also available as tutorial.)
  • 2002
  • Working Paper

The Macroeconomics of Happiness

By: Rafael Di Tella, Robert J. MacCulloch and Andrew J. Oswald
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Di Tella, Rafael, Robert J. MacCulloch, and Andrew J. Oswald. "The Macroeconomics of Happiness." Harvard Business School Working Paper, No. 02-085, May 2002.
  • April 1984
  • Article

Energy Price Shocks and Macroeconomic Adjustment

By: J. J. Rotemberg and Robert Pindyck
Keywords: Price; Macroeconomics
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Rotemberg, J. J., and Robert Pindyck. "Energy Price Shocks and Macroeconomic Adjustment." Natural Resources Journal 26 (April 1984): 277–296.
  • May 2001 (Revised February 2002)
  • Case

U.S. in 2001, The: Macroeconomic Policy and the New Economy

By: Huw Pill
Presents four views of U.S. macroeconomic developments in the late 1990s: an HBS professor, the Federal Reserve, the Clinton administration, and President George W. Bush. Develops the implications of the new economy--technological and organizational change--for... View Details
Keywords: Policy; Economy; Organizational Change and Adaptation; United States
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Pill, Huw. "U.S. in 2001, The: Macroeconomic Policy and the New Economy." Harvard Business School Case 701-113, May 2001. (Revised February 2002.)
  • 2005
  • Casebook

Institutions, Macroeconomics and the Global Economy

By: Rafael Di Tella, Huw Pill and Ingrid Vogel
Keywords: Macroeconomics; Economics
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Di Tella, Rafael, Huw Pill, and Ingrid Vogel. Institutions, Macroeconomics and the Global Economy. World Scientific Publishing, 2005.
  • 2022
  • Working Paper

Overreaction and Diagnostic Expectations in Macroeconomics

By: Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer
We present the case for the centrality of overreaction in expectations for addressing important challenges in finance and macroeconomics. First, non-rational expectations by market participants can be measured and modeled in ways that address some of the key challenges... View Details
Keywords: Overreaction; Rational Expectations; Macroeconomics; Market Participation; Social Psychology
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Bordalo, Pedro, Nicola Gennaioli, and Andrei Shleifer. "Overreaction and Diagnostic Expectations in Macroeconomics." NBER Working Paper Series, No. 30356, August 2022.
  • March 2012
  • Article

Macroeconomic Policy and U.S. Competitiveness

By: Richard H.K. Vietor and Matthew Weinzierl
The United States is on a glide path to fiscal disaster, with experts projecting that the federal government will take in far less money than it spends-indefinitely. Our current fiscal policy is eroding competitiveness in several ways, and business conditions in the... View Details
Keywords: Macroeconomics; Government and Politics; Financial Crisis; Policy; Competition; Public Administration Industry; United States
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Vietor, Richard H.K., and Matthew Weinzierl. "Macroeconomic Policy and U.S. Competitiveness." Harvard Business Review 90, no. 3 (March 2012).
  • 1984
  • Chapter

Energy Price Shocks and Macroeconomic Adjustment

By: Julio J. Rotemberg and Robert Pindyck
Keywords: Energy; Price; System Shocks; Macroeconomics
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Rotemberg, Julio J., and Robert Pindyck. "Energy Price Shocks and Macroeconomic Adjustment." In Oil Shock: Policy Response and Implementation, edited by A. Alm and R. Weiner. Cambridge: Ballinger Publishing Company, 1984.
  • April 1996 (Revised February 1997)
  • Background Note

Guide to Macroeconomic Resources on the Internet

By: Alexander Dyck, Forest L. Reinhardt and Christopher Charron
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Dyck, Alexander, Forest L. Reinhardt, and Christopher Charron. "Guide to Macroeconomic Resources on the Internet." Harvard Business School Background Note 796-150, April 1996. (Revised February 1997.)
  • 10 Feb 2016
  • Working Paper Summaries

Land Institutions and Chinese Political Economy: Institutional Complementarities and Macroeconomic Management

Keywords: by Meg Rithmire; Public Administration; Real Estate; Financial Services
  • February 2007 (Revised March 2007)
  • Case

Navigating Turbulent Waters: Glitnir Bank's Communication Challenge during a Macroeconomic Crisis

By: Michael D. Kimbrough, Gregory S. Miller, Vincent Marie Dessain and Ane Damgaard Jensen
Glitnir Bank is an Icelandic company following an aggressive growth strategy that relies heavily on foreign debt. Access to such debt is suddenly curtailed when there is a downturn in market sentiment regarding the Icelandic economy as a whole. Students will reflect on... View Details
Keywords: International Finance; Banks and Banking; Macroeconomics; Communication Strategy; Banking Industry; Iceland
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Kimbrough, Michael D., Gregory S. Miller, Vincent Marie Dessain, and Ane Damgaard Jensen. "Navigating Turbulent Waters: Glitnir Bank's Communication Challenge during a Macroeconomic Crisis." Harvard Business School Case 107-050, February 2007. (Revised March 2007.)
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