Professor Philip Lane
Email:plane@tcd.ie
Homepage:http://www.philiplane.org/msc
February 2011
Msc Macroeconomics: International Module, Spring 2011
This is a graduate-level course in international macroeconomics. The textbook for the course is Maurice Obstfeld and Kenneth Rogoff, Foundations of International Macroeconomics, MIT Press, 1996 (Henceforth OR). If you did not take international economics as an undergraduate, an undergraduate textbook such as Krugman/Obstfeld or Feenstra/Taylor may also be helpful.
OR, Chapters 1,2, 4, 5.
Philip R. Lane and Gian Maria Milesi-Ferretti (2007), "The External Wealth of Nations Mark II," Journal of International Economics.
Robert E. Lucas, "Why Doesn't Capital Flow from Rich to Poor Countries?," American Economic Review 80, 92-96 , May 1990.
Kenneth Froot and Kenneth Rogoff, "Perspectives on PPP and Long-Run Real Exchange Rates," in G. Grossman and K. Rogoff (eds.), Handbook of International Economics, vol . III, North-Holland, 1995.
Charles Engel, "Accounting for U.S. Real Exchange Rate Changes," Journal of Political Economy, June 1999.
Kenneth French and James Poterba (1991), "Investor Diversification and International Equity Markets," American Economic Review 81, 222-226.
Philip R. Lane (2010), "A European Perspective on External Positions," SIEPS Report 2010-5.
OR, Chapters 7, 9, 10.
Maurice Obstfeld (2001), "International Macroeconomics: Beyond the Mundell-Fleming Model," International Monetary Fund Staff Papers 48, Special Issue 2001.
Kenneth Rogoff (2002), "Dornbusch's Overshooting Model After 25 years," International Monetary Fund Staff Papers 49, Special Issue 2002, 1-35.
Philip R. Lane (2001), "The New Open Economy Macroeconomics: A Survey," Journal of International Economics 54, 235-266, August 2001.
Giancarlo Corsetti (2007), "New Open Economy Macroeconomics," New Palgrave Dictionary of Economics. http://www.eui.eu/Personal/corsetti/research/NOEM-palgrave.pdfd.