Econ 446 - Spring 2019

Syllabus

-  Course Description and Outline

Textbook
 
-  "International Macroeconomics" by Stephanie Schmitt-Grohe, Martin Uribe, and Michael Woodford

Readings and Extra Notes

-  Data Plots
-  "China, New Financial Superpower" online post by Brad Setser, 8-3-09
-  "Time for China, Germany, the Netherlands, and Korea to Step Up",  online post by Brad Setser, 1-9-19
-  "Will China's Currency Hit a Wall",  online post by Brad Setser, 1-17-19
-  "Birth Pains" from The Economist, 5-14-09
- "It's Been a Privilege" from The Economist, 2-11-17
- "The Mighty Dollar" from The Economist, 12-3-16
-  "America's Dark Materials" from The Economist, 1-21-06
- "Lies, Damned Lies and...." from The Economist, 2-25-17
- "The German Problem" from The Economist, 7-8-17
-  "A Topsy-Turvy World" from The Economist, 9-14-06
-  Ventura (2002),  "Towards a Theory of Current Accounts",  Max Corden Lecture
-  Lucas (1990),  "Why Doesn't Capital Flow from Rich to Poor Countries?"  American Economic Review
-  Gourinchas and Jeanne (2012), "Capital Flows to Developing Countries: The Allocation Puzzle",  Review of Economic Studies
-  "Understanding Trends in  Foreign Exchange Rates" FRBSF Weekly Letter, 6-9-95
-  Obstfeld (1996),  "Models of Currency Crises with Self-Fulfilling Features",  European Economic Review
- "Hot and Sour" from The Economist, 7-1-17
- Song, Storesletten, and Zilibotti (2011), "Growing Like China",  American Economic Review
- "Taking a Pounding" from The Economist, 10-3-15
- "Fight or Flight" from The Economist, 1-16-16
- "Tricky Troika" from The Economist, 10-14-17
- "Biting at the Champs" from The Economist, 3-4-17
- Obstfeld and Taylor (2017), "International Monetary Relations: Taking Finance Seriously",  Journal of Economic Perspectives
- "Two Out of Three Ain't Bad" from The Economist, 8-27-16
- Mankiw (2010), "The Trilemma of International Finance"
-  "Lectures in Open Economy Macroeconomics", manuscript of a more advanced text by Martin Uribe
-  "Asia and the Global Financial Crisis", speech by Ben Bernanke at SF Fed Conference, 10-19-09
-  "World Out of Balance" by Paul Krugman,  New York Times , 11-16-09
-  "Analytical Afterthoughts on the Asian Crisis" by Paul Krugman
-  "Essays on China's One Child Policy",  Ph.D thesis by Zoey Chen
-  Caballero, Farhi, and Gourinchas (2017),  "The Safe Assets Shortage Conundrum",  Journal of Economic Perspectives

Lecture Slides

Lecture 1
Lecture 2
Lecture 3
Lecture 4
Lecture 5    (Slides for 2-country model)
Lecture 6
Lecture 7
Lecture 8   (Slides for Stochastic Infinite Horizon Models)
Lecture 9
Lecture 10
Lecture 13
Lecture 14
Lecture 15
Lecture 16
Lecture 17
Lecture 18
Lecture 19
Slides on "Why Doesn't Capital Flow from Rich to Poor Countries?"
Slides on "Capital Flows to Developing Countries: The Allocation Puzzle"
Slides on "Growing Like China"
Slides on 3rd Generation Currency Crisis Models
Slides on "International Monetary Relations: Taking Finance Seriously"
Slides on "The Safe Assets Shortage Conundrum"
Lecture 20
Lecture 21
Lecture 22
Lecture 23
Topics for Final (2019)

Problem Sets

Problem Set 1 --  (Due January 23)
Problem Set 2 --  (Due March 4)

Old Exams

-  Midterm (Spring 2002)
-  Midterm (Fall 2009)
-  Midterm (Spring 2018)
-  Final (Spring 2018)
-  Final (Spring 2002)
-  Final (Spring 2009)

Old Problem Sets

Problem Set 1  --  (Due January 29)
Problem Set 2  --  (Due February 21)
Problem Set 1  (due September 25)
Problem Set 2  (due October 14)
Problem Set 3  (due December 4)