Lehrende/r: Juniorprofessorin Dr. Iryna Stewen
Veranstaltungsart: Vorlesung
Anzeige im Stundenplan: V: T in Emp Eco
Semesterwochenstunden: 2
Unterrichtssprache: Englisch
Min. | Max. Teilnehmerzahl: - | -
Inhalt: Syllabus: This course covers topics in international macroeconomics and fi nance. It provides a survey of recent empirical research on international capital flows from a macroeconomic perspective. In the first part, we look at country portfolios at large and examine the ap- parent lack of international consumption risk sharing from di fferent perspectives. In the second part, we seek to detect key implications of financial development and financial intergration on capital flows, volatility and growth and study the role of their interactions for the emergence of global imbalances in capital flows. The course explores how financial globalization and deregulation over the last decades has on the one hand facilitated international risk sharing but now on the other it also seems to have increased the exposure of both developed and emerging countries to global financial-sector and macroeconomic shocks. We will focus on studies of empirical relevance. This course equips stu- dents with empirical toolkit (in MATLAB) required for empirical macroeconomic analysis as it is conducted by government agencies, monetary authorities or investment banks. The course has a two-pillar concept: while the focus is on international macroeconomics, empirical (macroeconometric) methods are introduced as we go along. As we proceed through the course, these two parts become more and more integrated.