Graduate International Finance (Econ 641)

 

Syllabus

 

Class

Topic / Paper

Reading

Codes / Homeworks

 

1

International Capital and Labor Mobility

Lucas 1990 AER 80/2 (notes)

Klein and Ventura 2005

 

 

2

International Firm Mobility

 

Burstein and Monge-Naranjo 2005

(notes)

 

3

Local Approximation Methods

Notes

Farmer 1993 (book)

Klein 2000 JEDC

Söderlind 1999 EER

Schmitt-Grohé and Uribe 2004 JEDC

 

(codes on Klein, Söderlind, Uribe web pages)

Homework 1

HP filter code (gauss)

My code for HW1

 

4

Puzzles in International Finance

Obstfeld & Rogoff 2000 NBER

Backus 1999

Stock and Watson 2005 JEEA

 

5

A Workhorse International RBC Model

Heathcote and Perri 2002 JME

Heathcote and Perri 2003 AER P&P

Backus, Kehoe and Kydland 1995 (book chapter)

Baxter and Crucini 1995 IER

Homework 2

My code for HW 2: 1,2,3,4

6

The International Diversification Puzzle

Heathcote and Perri 2004

Baxter and Jermann 1997 AER

Cole and Obstfeld 1991 JME

 

8

Risk-Sharing with Limited Enforcement

Kocherlakota 1996 ReStud

Ljungqvist & Sargent, Chapters 19,20

(notes)

Homework 3

9

Applications and Decentralization

Kehoe and Perri 2002 Eca (notes)

Alvarez and Jermann 2000 Eca (notes)

 

10

EXAM

Exam

 

11

Dollarization

Arellano and Heathcote 2005

My code for HW3

12

Understanding Default

Aguiar and Gopinath 2004

Arellano 2005

 

13

International Pricing Puzzles

Atkeson and Burstein 2005