International Macroeconomics

Author: Tobias Broer, IIES Stockholm

After an introduction to the main issues, stylised facts and concepts, the course presents the standard International Business Cycle Model as a generalised version of the intertemporal approach to the current account and the main benchmark tool for international macroeconomic analysis. It uses this to analyse the role of frictions in international financial markets, before discussing in more detail currency crises and sovereign debt crises. Separate sections look at the emergence of global imbalances in current accounts and foreign asset holdings, at the economics of exchange rates, and at the post-2007 crisis.

EXTERNAL: Open Economy Macroeconomics

Author: Martin Uribe and Stephanie Schmitt-Grohe, Columbia University