Research Areas: Inequality, Intellectual Property Products and the Macroeconomy; Social Insurance, Resource Misallocation and Economic Growth; HIV/AIDS Epidemics and the Macroeconomy; Policy Evaluation
Raül Santaeulàlia-Llopis holds a BA. in Economics from the University of Valencia (2000), an MSc. in Economics from the University College London (2002), and a PhD in Economics from the University of Pennsylvania (2008).
Raul’s background is in quantitative macroeconomics, where the careful aggregation of individual behavior is essential. His research broadly focuses on economic growth and macro development. First, he is interested in inequality, intellectual property products, and the macroeconomy (see his working paper “Countercyclical Elasticity of Substitution”). Second, he is also interested in the relationship between social insurance, resource (mis)allocation, and economic growth; part of his work in progress includes a field project on Social Insurance and Economic Growth (SIEG) in Southern Malawi (see his working paper “Excess of Transfer Progressivity in the Village”). Third, he is also interested in the determinants of the HIV epidemic and how these shape (and are shaped by) economic development in Sub-Saharan Africa (see his working paper “A Quantitative Theory of the HIV Epidemic: Education, Risky Sex and Asymmetric Learning”). Fourth, he is also interested in the development of tools for policy evaluation (see his working paper “A Stage-Based Identification of Policy Effects”). Some of his work has been published in journals such as Econometrica; Journal of Public Economics; Journal of Development Economics; Journal of Monetary Economics; AEJ: Macro; Journal of Demographic Economics; Plos One; etc.
Raul is a Beatriz Galindo Senior Research Professor in Economics at Universitat Autònoma de Barcelona (UAB). He is also an Affiliated Professor at the Barcelona School of Economics and a Research Fellow at the CEPR. He previously held an Assistant Professor position at Washington University in St. Louis and as a Research Fellow at the Federal Reserve Bank of St. Louis and at the Institute of Public Health at Washington University in St. Louis.
Courses Taught
Macroeconomics 2 presents an overview of macroeconomics at the Master's level. The main theories are introduced in as intuitive a way as possible, to pinpoint as rigorously as possible which ones withstand empirical scrutiny and why. This is not a theoretical course, but techniques are discussed that help think about labor, goods and financial markets in a unified manner, and that motivate key empirical questions. Special attention is being paid to data and what empirical research has taught us. The proposed structure leaves plenty of room for group discussions, particularly as regards more recent developments on both empirical and theoretical fronts. The course covers basic concepts of labor market equilibrium and labor market institutions, capital investment and technical progress: business cycles and volatility. Financial market frictions, the demand for goods, demand management and the Phillips curve debate will be addressed as well as the relevance of heterogeneity in macroeconomics. After extensive coverage of a closed economy the course moves to an internationally open economy: terms of trade, currency adjustment and capital flows.
Prerequisite: ECON-GH 5600
Previously taught: Spring 2021, Spring 2022, Spring 2023, Spring 2024
This course appears in...
Masters Programs > Economics MSc
Intermediate Macroeconomics addresses in depth four foundational aspects of macroeconomic theory and policy: (1) theories of exogenous and endogenous growth in per capita incomes; (2) theories of fluctuations in output, employment and other macroeconomic aggregates with a focus on policy and other economic stimuli that can lead to booms and recessions; (3) determinants of inflation including capacity constraints, money, credit and expectations; (4) the aims, objectives and tools of monetary and fiscal policies and their relationship with financial intermediation and its regulation. Throughout the course data will regularly be analyzed to critically assess the theoretical insights.
Prerequisites: SOCSC-UH 1111, SOCSC-UH 1011 and (MATH-UH 1013Q or SOCSC-UH 1101)
Previously taught: Fall 2016, Spring 2017, Fall 2017, Spring 2018, Fall 2018, Spring 2019, Fall 2019, Spring 2020, Fall 2020, Spring 2021, Fall 2021, Spring 2022, Fall 2022, Spring 2023, Fall 2023, Spring 2024, Summer 2024, Fall 2024
Spring 2025;
14 Weeks Michael Reiter
-
MW 08:30 - 09:45
Taught in Abu Dhabi
Spring 2025;
14 Weeks F 08:00 - 09:15
Taught in Abu Dhabi
Spring 2025;
14 Weeks F 09:25 - 10:40
Taught in Abu Dhabi
Spring 2025;
14 Weeks Michael Reiter
-
MW 11:20 - 12:35
Taught in Abu Dhabi
Spring 2025;
14 Weeks F 10:50 - 12:05
Taught in Abu Dhabi
Summer 2025;
4 Weeks Shivangi Bishnoi
-
MTWR 14:00 - 15:15
Taught in Abu Dhabi
Summer 2025;
4 Weeks Jean Imbs
-
MTWR 09:00 - 12:00
Taught in Abu Dhabi
Fall 2025;
14 Weeks F 10:50 - 12:05
Taught in Abu Dhabi
Fall 2025;
14 Weeks F 14:20 - 15:35
Taught in Abu Dhabi
Fall 2025;
14 Weeks F 15:45 - 17:00
Taught in Abu Dhabi
This course appears in...
Majors > Economics
Economic policy may be seen as the ultimate goal of economic analysis. How to choose between alternative economic courses in some specific area or at the macroeconomic level? How to tradeoff one policy objective, e.g. equity, versus another, e. g, efficiency? How to take into account political constraints while looking for socially optimal policies? Such is the nature of the questions to be handled in this course, which may be taken as the natural culmination of an economic curriculum. Its aim is to make students familiar with the main contemporary issues in economic policy at national level and to equip them with the analytical instruments to understand what is at stake in policy debates around the world and, ultimately, to form one's opinion about what should be done in particular areas. The course will deal with economic policy issues as applicable to any country, even though special attention will be given to emerging and developing countries. As far as possible, it will also systematically emphasize the distributional consequences of policies and consequent political economy dimension? It will not deal with multilateral issues like trade, migration or environment.
Prerequisites: ECON-UH 2020 and ECON-UH 3010
Previously taught: Spring 1 2019, Spring 1 2020, Fall 2020, Spring 2021, Spring 1 2021, Fall 2021, Spring 2022, Spring 1 2022, Fall 2022, Spring 2023, Fall 2023, Spring 2024, Fall 2024
Spring 2025;
14 Weeks Francois Bourguignon
-
TR 14:10 - 15:25
Taught in Abu Dhabi
Spring 2025;
14 Weeks F 15:45 - 17:00
Taught in Abu Dhabi