Econ 446 - Spring 2022
Syllabus
- Course Description and
Outline
Textbook
- "International Macroeconomics"
by Stephanie Schmitt-Grohe, Martin Uribe, and Michael Woodford
Problem Sets
Problem Set 1 - Due February
3
Midterm Exam - Due March
3 (Take Home)
Problem Set 2 - Due April 7
Old Papers, Problem Sets and Midterm Exam
Covid
and the Canadian Dollar
High
Frequency Trading in the FX Market
Internationalization
of the RMB
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)