- Docente: Martin Gonzalez Eiras
- Crediti formativi: 8
- SSD: SECS-P/01
- Lingua di insegnamento: Inglese
- Modalità didattica: Convenzionale - Lezioni in presenza
- Campus: Bologna
- Corso: Laurea Magistrale in International relations (cod. 9084)
Conoscenze e abilità da conseguire
Le lezioni intendono fornire agli studenti capacità di analizzare in maniera autonoma temi di macroeconomia aperta. Particolare attenzione viene posta su costi e beneficI della mobilità internazionale delle risorse finanziarie, sul debito estero dei paesi, sugli squilibri globali e sull’economia politica della globalizzazione finanziaria. Ciascun studente è atteso interpretare e leggere in maniera consapevole e critica i percorsi di integrazione macroeconomica e le loro conseguenze per stabilità economica, benessere e pace mondiale.
Contenuti
We begin by presenting the two workhorse models of infinitely lived households and overlapping generations in a closed economy setting. Then we study how the presence of capital mobility affects capital accumulation, welfare and inequality. Political economy aspects of sovereign debt are covered, and we conclude with an analysis of the Euro crisis with particular emphasis to its open economy aspects.
Testi/Bibliografia
Niepelt, D., ``Macroeconomic Analysis", 2019, MIT Press
Obstfeld, M. and K. Rogoff, ``Foundations of International Macroeconomics'', 1998, MIT Press, first edition
Blanchard, O. and S. Fisher, ``Lectures on Macroeconomics", 1989, MIT Press
Romer, D., ``Advanced Macroeconomics'', 2012, McGraw Hill, fourth edition
Gonzalez-Eiras, M., (2017), “Why Might the Old Want to Honor Sovereign Debt?”, working paper
Reinhart C., and K. Rogoff, (2009), “This Time is Different”, chapters 1-2
Calvo G., A. Izquierdo, and E. Talvi, (2006) “Phoenix Miracles”, American Economic Review, 96(2), 405-410
Caballero R., K. Cowan and J. Kearns, (2005) “Fear of Sudden Stops: Lessons from Australia and Chile”, The Journal of Policy Reform, 8(4), 313-354
Talvi E., and C. Vegh, (2005), “Tax base variability and procyclical fiscal policy in developing countries” Journal of Development Economics, 56(1), 156-190
Brunnermeier, M. and R. Reis, (2019), “A Crash Course on the Euro Crisis”, NBER working paper No. 26229
Metodi didattici
Most lectures are based on theoretical analyses of international macroeconomics and political economy of open macroeconomics. The most used tools are mathematical models and graphical presentations. Empirical studies and statistical measurements of some key variable will be provided. Some classes will be used to solve problems sets that will be given in advance.
Students should possess a reasonable background in Macroeconomics, Microeconomics, Statistics and International Economics (at the laurea triennale tier). However, all students are welcome regardless of their background. If required, they may attend the course while receiving specific help from the teacher during office hours.
Modalità di verifica e valutazione dell'apprendimento
Your grade will be based on a written, closed-book exam (taking place only once a year at the end the course), which consists of a combination of true/false questions and exercises that counts for 70% of the grade. The remaining 30% of the grade corresponds to a written assignment that can be done alone or in pairs of students, and must be handed midway through the course.
The particularly good performance, corresponding to the top mark, is characterized by a complete fulfillment of the course’s learning objectives.
Strumenti a supporto della didattica
Lectures and problem solving in classes. Mathematical models and graphical presentations. Empirical studies and statistical analysis.
Orario di ricevimento
Consulta il sito web di Martin Gonzalez Eiras