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390045 SE PhD-VGSE: Topics in International Macroeconomics (2019W)

Continuous assessment of course work

Students may apply for this course by sending an email to info@vgse.at including their CV, transcript (Sammelzeugnis) and optionally a recommendation of their thesis advisor.

More information at www.vgse.at



max. 25 participants
Language: English



Monday, 4.11. 09:00 - 13:10
Tuesday, 5.11. 10:30 - 14:40
Wednesday, 6.11. 09:00 - 13:10
Thursday, 7.11. 09:00 - 13:10
Friday, 8.11. 09:00 - 13:10
VGSE Seminar Room, Oskar Morgenstern Platz 1, 3rd floor, 1090 Vienna


Aims, contents and method of the course

In this topic course we will study recent advances in the literature on international
macroeconomics. Topics covered include international financial crises, capital controls and macro-prudential policies, exchange rate policy, secular stagnation and the international role of the dollar.

Assessment and permitted materials

The evaluation is based on a term paper.

Minimum requirements and assessment criteria

The term paper needs to be related to one of the topics covered in class. Ideally, you should start from one or two papers from the syllabus and extend it/them in some interesting direction. You can work on the paper on your own or in groups of two.

Examination topics

1. Capital flows over the business cycle
2. International financial crises and regulation of capital flows
3. Exchange rate policy
4. Deleveraging and liquidity traps in open economies
5. Global imbalances and secular stagnation
6. The role of the dollar in the international monetary system
7. Growth and capital flows

Reading list

Background reading:
- Foundations of International Macroeconomics, 1996, by M. Obstfeld and K. Rogoff.
- Open Economy Macroeconomics, 2017, M. Uribe and S. Schmitt-Grohe

Association in the course directory

Last modified: Mo 23.09.2019 13:49