Presentation of the department
Macro economics has been developed in (and for) the industrialized countries. Indeed, the theories and empirical applications of modern macro economics are driven by the direction of monetary and fiscal policies in industrial economies to achieve full employment, control inflation, and stabilize economic activity. Developing economies use this body of knowledge, with all the rivalries that exist between schools of thought, without any significant change. However, basic macro economic aggregates, such as: output, employment, inflation, and equilibrium identities and conditions are the same for both industrialized and developing countries. Savings remain equal to investment, output to income, and aggregate demand is the sum of consumption, investment, state expenditures, and net exports. However, in a macro economic design adapted to developing countries, these identities must be combined with an economic analysis of the determinants of the behavior of firms, households and the state. The nature of the relationship between these variables and the sense of causality (who causes who) is a function of environment and context. The study and analysis of Algerian macro economics and these interactions with long-term growth can not escape the controversy posed by the adaptation of current analysis methods to the context of our research. Economic analysis is based on models, but these are often designed for industrialized countries. Therefore, our reflection scheme will be part of a framework with two perspectives. The first is to rework existing models and look for ways to adapt them to our context. The second is to include these models in a framework of reflection that can understand and predict the behavior, short and long term of the Algerian macro economy.
Axes of research
- Inflation and short term dynamics;
- The characteristics of disinflation programs;
- Financial integration and capital flows;
- Exchange rate crises Financial markets and the process of transmitting monetary policy;
- Data bass construction;
- Aggregated accounts, production and market structure.
Research teams
Team 1 : Equipe Croissance et développement.
Team 2 : Equipe Economie de l’Energie et Politique Energétique.
Team 3 : Equipe Intégration Economique.
Team 4 : Equipe politiques économiques et modélisation macroéconomique.