ECON 455 Institutions and Development
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A synopsis of earlier development theories. Analysis of the linkages between economic development and macroeconomic institutions in the framework of "New Institutional Economics". Empirical analysis of institutional designs that are related to fiscal and monetary policy making are introduced. Specifically, economic effects of fiscal decentralization; budgetary rules and procedures; central bank independence and inflation targeting are examined.
Credit units: 3 ECTS Credit units: 5, Prerequisite:
ECON 205 and ECON 222.
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