The patterns of labour market participation have recently started to diverge across advanced economies, reflecting structural and demographic factors as well as the long term legacies of the Great Recession, whose impact has been felt differently across countries. A full understanding of labour...

The course consists of several distinct, but interconnected lectures: · Lecture 1. Simple Models of Policy Interactions: Some Monetary Doctrines · Lecture 2. Fiscal Theory of the Price Level · Lecture 3. Policy Interactions with Tax Distortions · Lecture 4. Fiscal Limits · Lecture 5. Policy...