E-mail: uribe@econ.duke.edu
Course Description
This is a course in International Macroeconomics. It consists of eight ninety-minute lectures and is divided in two parts: The first part, of about 3 lectures in length, will focus on pricing to habits and its implications for the national and international transmission of aggregate disturbances. The second part of the course, of about 5 lectures in length, will be devoted to understanding business cycles in emerging economies. Particular attention will be placed on the formulation and estimation of DSGE models and on the identification of aggregate shocks driving business fluctuations in developing economies.
Lectures in Open Economy Macroeconomics
Lecture 1 Deep Habits
Lecture 2 Pricing to Habits
Lecture 3 Imperfect Pass-Through
Lecture 4 The Small-Open-Economy RBC Model
Lecture 5 Driving Forces I: Productivity Shocks and Terms of Trade Shocks
Lecture 6 Driving Forces II: World-Interest-Rate Shocks and Country-Spread Shocks
Lecture 7 Overborrowing
Lecture 8 Sovereign Debt