Kiel Advanced Studies Program: Exchange Rate Economics (Spring 2005)

This site provides resources for students in the Advanced Studies Program at the Kiel Institute for World Economics for Spring 2005 Semester

Syllabus | Dates | Downloadable Course Materials and Information Sources |

Professor Menzie Chinn
Home Page

Course Syllabus

Syllabus in PDF file updated 2/9/05.

This course surveys exchange rate economics, with special reference to the theoretical or empirical modeling of exchange rates.

The textbook is Obstfeld and Rogoff, Foundations of International Macroeconomics (MIT, 1996).

Important Dates

Course Materials and Sources of Economic Information

Downloadable Course Materials

Lecture 1: Financial Markets and Parity Conditions
Lecture 2: Monetary Models of the Exchange Rate
Lecture 3: Bubbles and Portfolio Balance Models
Lecture 4: The Risk Premium, Equilibrium Models and the New Open Economy Macroeconomics
Lecture 5: Empirics, Forecasting and Policy

  • Comments on test material.
  • Final Exam Answers posted 10.4.2005
  • Final Exam Statistics and Grade Distribution posted 11.4.2005

    News Reports and Additional Readings

    News Sources



    Economic Policy Links

    Current and Historical Data

    Exchange Rate Economics / Kiel Institute for World Economics / / 11 April 2005