Allan Drazen  Professor of Economics  Department of Economics  University of Maryland  College Park, MD 20742  Tel: 301-405-3477  Email: drazen@econ.umd.edu

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COURSES -- FALL 2003 

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ECONOMICS 601, MACROECONOMICS 

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ECONOMICS 754, POLITICAL ECONOMY IN MACROECONOMICS
Tydings 1108, M-W 2 - 3:15
(TWS  0147 2-5:00  10/08/03)

Reading List

Papers

1. Political Business Cycles
The Political Business Cycle After 25 Years

Where Does the Political Budget Cycle Really Come From? 

Chappell and McGregor , Did Time Inconsistency Contribute to the Great Inflation? Evidence from the FOMC Transcripts

2. Interest Groups 
Government Gains from Self-Restraint: A Bargaining Theory of Inefficient Redistribution Policies 

Conditionality and Ownership in IMF Lending: A Political Economy Approach

3. Reform
Do Crises Induce Reform? Simple Empirical Tests of Conventional Wisdom

Exercises
Exercise 1
Exercise 2
Exercise 3
Exercise 4
Exercise 5
Exercise 6
Exercise 7 Solution

Handouts
Lecture notes on Interest Groups

Sample Exams
Spring 2003

Final Exam

Dornbusch and Edwards "Macroeconomic Populism'', NBER working paper 2986