What is the effect on macroeconomic variables of monetary policy, fiscal policy, and trade policy? How are the relationships between monetary policy, fiscal policy, and the exchange rate? What are the pros and cons of an inflation target in the monetary policy? How should the huge income from oil production be used? What are the effects of trade liberalization on productivity, investments, and economic growth? These are some of the key issues pertaining to Macroeconomics analyzed by researchers at the Department of Economics.