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International Macroeconomics

Textbook

• M. Obstfeld and K. Rogoff, Foundations of International Macroeconomics (MIT Press, 1996)
• Nelson C. Mark, International Macroeconomics and Finance: Theory and Econometric Methods (Blackwell Publishers, 2001) 
  

Lecture 1 : Traditional Open Macro Models and Monetary Policy (10/16)

• Exercises, Correction, Slides 

Lectures 2-3: New Trade Models (10/23 and 10/30)

• Help on Static Optimization , Exercises 10/23, Correction, Slides 10/23
• Exercises 10/30, Correction, Regression results, Slides 10/30
  

• Homework, Homework, erratum
• Exercises on firms heteroegenity, Correction, Slides
• N. Chen, J. Imbs and A. Scott, 2008, The dynamics of Trade and Competition, CEPR Discussion Paper 4695, by Céline Andronikos et Axelle Charpentier, slides
  

Lecture 5 : Pricing-to-Market and Exchange-Rate Pass-Through (11/20 and 12/4)

• Exercises, Correction, Slides
• J. Campa and L. Goldberg, 2008, Distribution Margins, Imported Inputs, and the Sensitivity of the CPI to Exchange Rates ", forthcoming Review of Economics and Statistics
• A. Atkeson and A. Burstein, 2008,"Pricing-to-Market, Trade Costs, and International Relative Prices" , forthcoming American Economic Review Slides
  

Lectures 6-7 :  The intertemporal approach to the current account and new views on global imbalance issues (12/4 and 12/11 am)

• Exercises, Correction
  
• J. Ventura, 2003, Towards a Theory of Current Accounts, World Economy by Violaine Faubert and David Bonnoit, Slides
  
• O. Blanchard, F. Giavazzi and F. Sa, 2005, ‘The US current account and the dollar’, paper for Brookings Panel on Economic Activity, April, revised version of CEPR Discussion Paper 4888 by François Cohen and Amélie-Charlotte Pichon. Published version. Slides
  

Lecture 8 : The international transmission mechanism: New Open Economy Macroeconomics  (12/11 pm)

• Exercises, Correction, Slides
  
• C. Tille, 1999, "The Role of Consumption substitutability in the International Transmission of shocks", Journal of International Economics 53 (2001) 421–444 by Boris Guannel and Eleanore Trigano, Slides
  

Lectures 9-10 : Financial globalisation and international risk sharing (12/18 and 01/08)

• Exercises, Correction, Slides
• G. Corsetti, L. Dedola and S. Leduc, 2008, "International Risk Sharing and the Transmission of Productivity Shocks, Review of Economics and Statistics (forthcoming) , Slides
•  M. Fratzscher and J. Imbs, 2008, "Risk Sharing, Finance and Institutions in International Portfolios", CEPR DP by Maxence Brischoux and Aurélien Saussay, Slides
• N. Coeurdacier, R. Kollmann and P. Martin,  2007, "International portfolios with supply, demand and redistributive shocks" NBER working paper 13424 by Séverine Toussaert and  Bruno  Desormiere, Slides

 Lectures 11-12 : International financial crisis: From the first to the third generation (01/15)

• P. Aghion, P. Bacchetta and A. Banerjee, 2004, “A Corporate Balance-Sheet Approach to Currency Crises,” Journal of Economic Theory 119, 6-30 by Marie Blanchereau and Lucile RomaSlidesnello, Slides
  
•  A. Burnside, M. Eichenbaum and S. Rebelo,  2000, "On the Fundamentals of Self-Fulfilling Speculative Attacks," CEPR DP2565 by Etienne Lalé and Sophie Ozil, Slides

Additional Material:

• Complements on PPP and Balassa-Samuelson : Exercises, Correction
• Obstfeld & Rogoff, 2000, The Six Major Puzzles in International Macroeconomics: Is there a Common Cause?, NBER Working Papers 7777

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