Course material for International Macroeconomics and Finance Economics 86200
Syllabus updated 02/09
Lecture Notes
I.Balance of Payments: Basic Relations and International Imbalances updated 02/09
II.Intertemporal Models of Current Account
1.Theoretical background :
(i) Two-period models
(ii) Infinite horizon model updated 02/09
2. Empirical evidence on optimal current account models updated 03/09
3. Feldstein-Horioka Puzzle and Capital Flows updated 03/09
4. Fiscal Policy in Intertemporal Current Account and Overlapping Generation Models updated 03/09
III. Models of Exchange Rates
1. Theory
Econometric Appendix 03/09
Sample questions 03/25
Midterm: 03/27/09