Advanced International Finance and Macroeconomics

Catalog description

This course introduces and develops the leading modern theories of economies open to trade in financial assets and real goods. The goal is to understand how cross-country linkages influence macroeconomic developments within individual countries; how financial markets distribute risk and wealth around the world; and how trade changes the effectiveness of national monetary and fiscal policies. In exploring these questions, we emphasize the role that exchange rates and exchange rate policy take in shaping the consequences of international linkages. We apply our theories to current and recent events, including growing geoeconomic conflict between Eastern and Western countries, hyperinflation in Argentina, Brexit, and recent Euro-area debt crises.