International monetary economics

The course develops the theoretical tools to understand and interpret the main policy-relevant issues in international macro. The aim is to provide students with the conceptual apparatus needed to discuss both the causes and the macroeconomic implications of topics currently at the centre of the policy debate such as: global financial imbalances, proposed changes in the international financial architecture, the single currency in Europe, the recent financial crisis.

Students are expected to learn the basic principles of International Macroeconomics. Competence is developed regarding: i) trade deficits and external debt sustainability; ii) exchange rate determination and exchange rate regimes; iii) debt and financial crisis; iv) the effects of financial integration; v) monetary and fiscal stabilization policy. Students are expected to develop the basic skills for macroeconomic analysis with special attention to the interpretation of data and information, and the analysis of policy issues and their solutions.