Econ 446 - Spring 2021
Syllabus
- Course Description and Outline
Textbook
- "International Macroeconomics"
by Stephanie Schmitt-Grohe, Martin Uribe, and Michael Woodford
Problem Sets and Midterm Exam
Problem Set 1 - Due
January 29
Midterm Exam - Due February
26 (Take Home)
Problem Set 2 - Due April 16
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
- Gourinchas and Rey (2007), "International
Financial Adjustment", Journal of Political Economy
- 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 Slides on Valuation Effects
and Investment Risk
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 23
Topics for Final (2019)
OLD 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)