国際金融政策
担当教員
単位数・配当学期・曜日・時限
2単位 夏学期 水曜4限
内容・進め方・主要文献等
This course introduces recently-developed theoretical models of international finance and open macroeconomics and reviews their empirical investigations. In particular, the course focuses on models of the current account and the real and nominal exchange rates.
(1) Mathematical and statistical preliminaries
(2) Two-period open economy models
(3) Intertemporal approach to the current account
(4) Empirical investigations of the intertemporal approach
(5) International real business cycle models
(6) Uncertainty in international financial markets
(7) Low of one price, PPP, and real exchange rates
(8) Money in international financial markets: nominal exchange rates
(9) Empirical investigations of exchange rate models
(10) Foreign exchange market efficiency
The course is organized mainly for master students. Knowledge of undergrad-level micro and macro economics is prerequisite.
教材等
Obstfeld, M. and Rogoff, K., Foundations of International Macroeconomics, 1996, MIT Press.
Frenkel, J.A. and Razin, A., Fiscal Policies and Growth in the World Economy, third edition, 1996, MIT Press.
Mark, N.C., International Macroeconomics and Finance: Theory and Econometrics Method, Blackwell.
Walsh, C. E., Monetary Theory and Policy, 2001, MIT Press.
Romer, D., Advanced Macroeconomics, 2001, McGraw-Hill.
Hamilton, J.D., Time Series Analysis, 1994, Princeton University Press.
成績評価の方法
Mid-term and final exams