Martin Grandes

Adjunct Professor

Martin Grandes holds a Ph.D in Economics from the “Ecole des Hautes Etudes en Sciences Sociales”, Paris. Since July 2009 he has been Full Professor in Economics and Finance at the Pontifical Catholic University of Argentina and director of the Research Centre at its Graduate Business School. From August 2008 until July 2009 he was Executive Director at the Center for Financial Stability.  He is also Professor of Economics and International Finance at the University of Buenos Aires, Universidad Torcuato di Tella and Universidad Nacional del Sur, among others.


From September 2004 to August 2008 he was Associate Professor of Finance and Public Policy and Dean of the Graduate School of Government at The American University of Paris (AUP). Prior to joining the AUP Prof. Grandes served as an economist the OECD Development Centre (September 2000-September 2004), was consultant to ECLAC-UN (2002-2003) and advisor to two deputy secretaries of state in the Ministry of Finance in Argentina (1999-2000). He has also consulted for the Bank for International Settlements and co-ordinated projects for the Inter-American Development Bank.


During his doctoral studies and later on during his academic tenure Prof. Grandes has been awarded numerous scholarships, grants and general financial support from distinguished institutions the world over, including the Fulbright Commission and the Ministry of Science and Technology of Argentina. His research activities have focused on international finance and development, more recently on the determinants of sovereign and corporate debt costs in Latin America and Southern Africa. In particular, he co-edited a book published by the OECD “Reducing Capital Cost in Southern Africa”, featured in The Economist in December 2005. In addition, he has published in several academic journals and has also contributed chapters in a host of books and policy-oriented publications. Martin Grandes most recent contributions to the press include The Financial Times (Britain), Le Monde Economique (France), Le Point (France), La Vanguardia (Spain),  Clarín (Argentina), Cinco Días (Spain), Cronista (Argentina) and La Nación (Argentina). In 2005 he was co-chair of the annual meeting of the Latin American and the Caribbean Economic Association (LACEA), held at AUP.

Course List

Courses offered in the past four years.
indicates offered in the current term
indicates offered in the upcoming term[s]

IPSG 8542 - Investment and Development      

This course is an introduction to the theory and empirical evidence of long-run economic growth, capital accumulation (investment) and their determinants. It focuses on the analysis of the practical and public policy implications of modern theories of growth for different sustainable balanced growth paths across nations and over time spans of 50 to 100 years. The course answers two questions: why do some countries grow faster and over longer periods than others? What are the determinants of varying long-run economic growth rates and what can public policies do to affect these rates?

Spring 2013 - MIIS

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