International Monetary Economics

316-632, masters/PhD, University of Melbourne, Semester 2, 2004 and 2003

This material is no longer actively maintained. Notes and programs may contain typos or more serious mistakes. Use at your own risk.

Semester 2, 2004

Syllabus

Note 1a: Basic concepts and the small open economy
Note 2a: Small open economy under uncertainty
Note 3a: Two-period model with complete markets
Note 4a: Dynamic stochastic models with complete markets
Note 4b: Aside on price and quantity indices
Note 5a: Aside on international relative prices
Note 5b: Notes on Backus/Smith and Kollmann
Note 6a: International RBC models
Note 6b: Digression on log-linearization
Note 6c: More on international RBC models
Note 7a: Monetary exchange economies
Note 7b: Exchange rate risk premia?
Note 8a: Home bias in trade
Note 8b: Feldstein-Horioka
Note 8c: Home bias in equity
Note 8d: International consumption correlations
Note 8e: Exchange rate puzzles

Matlab introduction
Uhlig’s solve.m
Uhlig’s options.m

Problem Set #1: Solutions
Problem Set #2: Solutions, Code
Problem Set #3: Solutions

Final Exam Sample Questions
Final Exam: Solutions

Semester 2, 2003

Syllabus

Note-1
Note-2

Homework-1
Homework-2
Homework-3

Final Exam, Final Solutions