Professor Philip Lane
Email:plane@tcd.ie
http://www.philiplane.org/LaneIMDOC2011.htm
PhD Course Advanced International Macroeconomics Part A, Autumn 2011
Larry Summers (1981), "The Scientific Illusion in Empirical Macroeconomics," Scandinavian Journal of Economics 93(2), 129-148.
Paul Krugman (2011), "The Profession and the Crisis," Eastern Economic Journal (2011) 37, 307--312
Robert Lucas (2003), "Macroeconomic Priorities," American Economic Review.
Greg Mankiw (2006), "The Macroeconomist as Scientist and Engineer," Journal of Economic Perspectives 20(4), 29-46.
VV Chari and Pat Kehoe (2006), "Modern Macroeconomics in Practice: How Theory Is Shaping Policy," Journal of Economic Perspectives 20(4), 3-28.
International Monetary Fund, Balance of Payments Manual 6 (Draft Version).
European Central Bank, European Union balance of payments/international investment position statistical methods.
Philip R. Lane and Gian Maria Milesi-Ferretti (2007), "The External Wealth of Nations Mark II," Journal of International Economics.
Philip R. Lane and Gian Maria Milesi-Ferretti (2009), "Where Did All the Borrowing Go? A Forensic Analysis of the U.S. External Position," Journal of Japanese and International Economies.
Menzie Chinn and Hiro Ito (2008), "A New Measure of Financial Openness," Journal of Comparative Policy Analysis 10(3), 309--322.
Philip R. Lane and Gian Maria Milesi-Ferretti (2003), "International Financial Integration," International Monetary Fund Staff Papers 50(S), 82-113.
Andre Faria, Philip R. Lane, Paolo Mauro and Gian Maria Milesi-Ferretti (2007), "The Shifting Composition of External Liabilities," Journal of European Economic Association 5 (2-3), 480-490, April/May 2007.
Philip R. Lane and Gian Maria Milesi-Ferretti (2008), "The Drivers of Financial Globalization," American Economic Review (Papers and Proceedings) 98(2), 327-332.
Philip R. Lane and Gian Maria Milesi-Ferretti (2008), "International Investment Patterns," Review of Economics and Statistics 90(3), 538-549.
Philip R. Lane (2006), "Global Bond Portfolios and EMU," International Journal of Central Banking 2, 1-23.
Philip R. Lane (2010), "The Regional and Global Drivers of the Portfolio Holdings of Asian Investors," mimeo, TCD.
Philip R. Lane and Jay Shambaugh (2010a), "Financial Exchange Rates and International Currency Exposures," American Economic Review.
Philip R. Lane and Jay Shambaugh (2010b), "The Long and Short of It? Determinants of Aggregate Foreign-Currency Exposure," Journal of International Economics.
Maurice Obstfeld and Kenneth Rogoff (1996), Foundations of International Macroeconomics, MIT Press. Chapter 4.
Kenneth Froot and Kenneth Rogoff (1995), "Perspectives on PPP and Long-Run Real Exchange Rates," in G. Grossman and K. Rogoff (eds.), Handbook of International Economics, vol . III, North-Holland.
Michael Mussa (1990), Exchange Rates in Theory and Reality, Princeton Essays in International Finance No. 179.
Alan M. Taylor and Mark P. Taylor (2004), "The Purchasing Power Parity Debate, Journal of Economic Perspectives.
Luca Ricci, Jaewoo Lee and Gian Maria Milesi-Ferretti (2008), "Real Exchange Rates and Fundamentals: A Cross-Country Perspective," IMF Working Paper No. 08/13.
Jaewoo Lee, Gian Maria Milesi-Ferretti, Jonathan Ostry, Alessandro Prati, Luca Ricci (2008), "Exchange Rate Assessments: CGER Methodologies," IMF Occasional Paper No. 261.
Philip R. Lane and Gian Maria Milesi-Ferretti (2002), "External Wealth, the Trade Balance and the Transfer Effect," European Economic Review.
Philip R. Lane and Gian Maria Milesi-Ferretti (2004), "The Transfer Problem Revisited," Review of Economics and Statistics.
Philip R. Lane and Gian Maria Milesi-Ferretti (2004), "Financial Globalization and Exchange Rates," IIIS DP No. 44
Vahagn Galstyan (2007), "Country Size and the Transfer Effect," IIIS Discussion Paper No. 204.
Balazs Egert (2007), "Real Convergence, Price Level Convergence and Inflation Differentials in Europe," CESifo Working Paper No. 2127.
Maurice Obstfeld and Kenneth Rogoff (1996), Foundations of International Macroeconomics, MIT Press. Chapters 1,2,3,5.
Maurice Obstfeld and Kenneth Rogoff (1995), "The Intertemporal Approach to the Current Account," in G. Grossman and K. Rogoff (eds.), Handbook of International Economics, vol . III, North-Holland.
Jeffrey Sachs (1982), "The Current Account in the Macroeconomic Adjustment Process," Scandinavian Journal of Economics.
Philip R. Lane and Gian Maria Milesi-Ferretti (2002), "Long-Term Capital Movements," NBER Macroeconomics Annual 16.
Olivier Blanchard (2007), "Current Account Deficits in Rich Countries," IMF Staff Papers.
Ricardo Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas (2008), "An Equilibrium Model of Global Imbalances," American Economic Review.
Vincenzo Quadrini, Enrique Mendoza and Jose Victor Rios-Rull (2009), "Financial Integration, Financial Deepness and Global Imbalances," Journal of Political Economy.
Alessandro Fogli and Fabrizio Perri (2006), "The "Great Moderation" and the US External Imbalance," NBER Working Paper No. 12708.
Charles Engel and John Rogers (2006), "The US Current Account Deficit and the Expected Share of World Output," Journal of Monetary Economics.
Thierry Bracke, Matthieu Bussière, Michael Fidora and Roland Straub (2008), "A Framework for Assessing Global Imbalances," ECB Occasional Paper No. 78.
Maurice Obstfeld and Kenneth Rogoff (2001), "Perspectives on OECD Capital Market Integration: Implications for U.S. Current Account Adjustment," in Federal Reserve Bank of Kansas City Global Economic Integration: Opportunities and Challenges.
Maurice Obstfeld and Kenneth Rogoff (2005),"Global Current Account Imbalances and Exchange Rate Adjustments," in William Brainard and George Perry (eds.), Brookings Papers on Economic Activity.
Maurice Obstfeld and Kenneth Rogoff (2007), "The Unsustainable US Current Account Position Revisited" in Richard Clarida (ed.), G7 Current Account Imbalances: Sustainability and Adjustment.
Maurice Obstfeld (2002), "Exchange Rates and Adjustment: Perspectives from the New Open-Economy Macroeconomics," mimeo, UC-Berkeley.
Maurice Obstfeld (2005), "America's Deficit: The World's Problem," mimeo, UC-Berkeley.
Philip R. Lane and Gian Maria Milesi-Ferretti (2007a), "A Global Perspective on External Positions," in Richard Clarida (ed.), G7 Current Account Imbalances: Sustainability and Adjustment.
Philip R. Lane and Gian Maria Milesi-Ferretti (2007b), "Europe and Global Imbalances," Economic Policy.
Philip R. Lane and Gian Maria Milesi-Ferretti (2007c), "Capital Flows to Central and Eastern Europe, Emerging Markets Review.
Olivier Blanchard, Francesco Giavazzi, and Filipa Sa, "International Investors, the U.S. Current Account, and the Dollar," Brookings Papers on Economic Activity.
Giancarlo Corsetti, Philippe Martin and Paolo Pesenti (2009), "Varieties and the transfer problem: the extensive margin of current account adjustment," mimeo, European University Institute.
Pierre-Olivier Gourinchas and Helene Rey (2007), "International Financial Adjustment," Journal of Political Economy.
European Economic Advisory Group (2008), "How Much Real Dollar Depreciation is Needed to Correct Global Imbalances?," in The EEAG Report on the European Economy 2008.
Vahagn Galstyan and Philip R. Lane (2008), "External Imbalances and the Extensive Margin of Trade," Economic Notes 37(3), 241-257.
Philip R. Lane and Gian Maria Milesi-Ferretti (2011), " External Adjustment and the Global Crisis" , August 2011.
Philip R. Lane (2011), " External Imbalances and Macroeconomic Policy in New Zealand," June 2011.
Vahagn Galstyan and Philip R. Lane (2009), "The Composition of Government Spending and the Real Exchange Rate," Journal of Money, Credit and Banking 41(6), 1233-1249.
Agustin Benetrix and Philip R. Lane (2009), " Fiscal Shocks and the Real Exchange Rate," IIIS Discussion Paper No. 286.
Tommaso Monacelli and Roberto Perotti (2009), " Fiscal Policy, the Real Exchange Rate and Traded Goods," Economic Journal, forthcoming.
Philip R. Lane (2003), "The Cyclicality of Fiscal Policy: Evidence from the OECD," Journal of Public Economics 87, 2661-2675.
Aaron Tornell and Philip R. Lane (1999), "The Voracity Effect," American Economic Review 89, 22-46.
Olivier Blanchard and Francesco Giavazzi (2002), "Current account deficits in the Euro Area. The end of the Feldstein Horioka puzzle?," Brookings Papers on Economic Activity.
Patrick Honohan and Philip R. Lane (2003), "Divergent Inflation Rates under EMU," Economic Policy 37, 358-394.
Olivier Blanchard (2007), "Adjustment within the Euro: The Difficult Case of Portugal," Portuguese Economic Journal 6(1), 1-22.
Philip R. Lane (2009), "Ireland and EMU," mimeo, Trinity College Dublin.
Philip R. Lane (2010), " A European Perspective on External Imbalances," SIEPS Report 2010:5.
Philip R. Lane and Barbara Pels (2011), " Current Account Balances in Europe."