Nicolas Crouzet joined the Kellogg School of Management in 2014. He has a B.Sc. in Engineering from Ecole Polytechnique (2008) and a PhD from Columbia University (2014). His interests include business cycle theory, financial frictions and their impact on macroeconomic activity, and corporate finance. His current research focuses on cross-sectional differences in firm cyclicality and their relationship to financing constraints.
Business cycle theory, Financial frictions and economic activity, debt structure.
Macroeconomics, Monetary Policy, Corporate Finance.
**This course was formerly known as FINC-941-0**How do national economies evolve and interact in a globalized world? This course focuses on the economic forces and the policy responses that are relevant for business and investment strategies. Specific topics include the meaning and measures of national and international economic activity; what determines which emerging markets develop and grow, while others stagnate; what drives business cycles, how they are propagated globally, and how government policy responds; monetary policy decisions and their effect on financial institutions and credit markets; government liabilities and how markets react to government debt; what determines trade deficits and surpluses, and the relative strength of a currency. The course provides a high-level overview to aid business planning, investment strategies, and policy analysis.