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Timothy J. Kehoe

Economics 8401

International Trade and Payments Theory

Fall 2016

Syllabus

Class Schedule

Problem Set #1

Notes on Ricardian Models with a Continuum of Goods

Notes on Tariffs and Trade Wars

Some Ideas for Research Projects

Star-Tribune Article

Problem Set #2

Notes on Monopolistic Competition

Problem Set #3

Notes on Monopolistic Competition and Trade with Heterogeneous Firms

Excel File for Calculating Equilibria of Models with Heterogeneous Firms

Problem Set #4

Notes on What Happened in Mexico in 1994–95

Notes on Gambling for Redemption

Excel File for Calculating Equilibria in Models with Self-Fulfilling Debt Crises

Notes on Global Imbalances and Structural Change in the United States

Exam

Some papers:

C. Arkolakis, "Market Penetration Costs and the New Consumers Margin in International Trade," Journal of Political Economy, 118 (2010), 1151–99.”

C. Arkolakis, Notes on Graduate International Trade.  Unpublished manuscript, Yale University, 2012. 

J. Asturias, S. Hur, T. J. Kehoe, and K. J. Ruhl, "The Interaction and Sequencing of Policy Reforms," Federal Reserve Bank of Minneapolis, 2016.

C. Bajona and T. J. Kehoe, "Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations versus Infinitely Lived Consumers," Federal Reserve Bank of Minneapolis Staff Report 377, 2006.

C. Bajona and T. J. Kehoe, "Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model," Review of Economic Dynamics, 13 (2010), 487–513.

R. Bergoeing and T. J. Kehoe, "Trade Theory and Trade Facts," Federal Reserve Bank of Minneapolis Staff Report 284, 2001.

T. Chaney, "Distorted Gravity: Heterogeneous Firms, Market Structure and the Geography of International Trade," American Economic Review, 98 (2008), 1707–21.

H. L. Cole and T. J. Kehoe (1996), “A Self-Fulfilling Model of Mexico's 1994-95 Debt Crisis,” Journal of International Economics, 41, 309-330.

H. L. Cole and T. J. Kehoe (2000), “Self-Fulfilling Debt Crises,” Review of Economic Studies, 67, 91-116. 

J. C. Conesa and T. J. Kehoe (2011), “Gambling for Redemption and Self-Fulfilling Debt Crises,” Federal Reserve Bank of Minneapolis.

J. Eaton, S. Kortum, and F. Kramarz, "An Anatomy of International Trade: Evidence from French Firms," New York University, University of Minnesota, and CREST-INSEE, 2005.

M. J. Gibson, "Trade Liberalization, Reallocation, and Productivity," University of Minnesota, 2006.

P. J. Kehoe and T. J. Kehoe, "Capturing NAFTA's Impact with Applied General Equilibrium Models," Federal Reserve Bank of Minneapolis Quarterly Review, 18:2 (1994), 17-34.

P. J. Kehoe and T. J. Kehoe, "A Primer on Static Applied General Equilibrium Models," Federal Reserve Bank of Minneapolis Quarterly Review, 18:2 (1994), 2-16.

T. J. Kehoe, "What Happened in Mexico in 1994–95?" in P. J. Kehoe and T. J. Kehoe, editors, Modeling North American Economic Integration, Kluwer Academic Publishers, 1995, 131–47.

T. J. Kehoe, "An Evaluation of the Performance of Applied General Equilibrium Models of the Impact of NAFTA," in T. J. Kehoe, T. N. Srinivasan, and J. Whalley, editors, Frontiers in Applied General Equilibrium Modeling: Essays in Honor of Herbert Scarf, Cambridge University Press, 2005, 341-377.

T. J. Kehoe J. M. Rossbach, and K. J. Ruhl, "Using the New Products Margin to Predict the Industry-Level Impact of Trade Reform," Journal of International Economics, 96 (2015), 289–297.

T. J. Kehoe and K. J. Ruhl, "Are Shocks to the Terms of Trade Shocks to Productivity?" Review of Economic Dynamics, 11 (2008), 804–19.

T. J. Kehoe and K. J. Ruhl, "How Important is the New Goods Margin in International Trade?" Journal of Political Economy, 121 (2013), 358–92.

T. J. Kehoe and K. J. Ruhl, "Sudden Stops, Sectoral Reallocations, and the Real Exchange Rate," Journal of Development Economics, 89 (2009), 235–49.

T. J. Kehoe, K. J. Ruhl, and J. B. Steinberg, "Global Imbalances and Structural Change in the United States," Federal Reserve Bank of Minneapolis Staff Report 489, 2013.

M. Melitz, "The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity," Econometrica, 71 (2003), 1695–725.

A. Ramanarayanan, "International Trade Dynamics with Intermediate Inputs," University of Minnesota , 2006.

K. J. Ruhl, "The Elasticity Puzzle in International Economics," University of Texas at Austin, 2008.

K.-M. Yi, "Can Vertical Specialization Explain the Growth of World Trade?" Journal of Political Economy, 111 (2003), 52–102.

A. Young, "Learning by Doing and the Dynamic Effect of International Trade," Quarterly Journal of Economics, 106 (1991), 396-406.


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