Timothy J. Kehoe

Topics in Macroeconomics

Universitat Pompeu Fabra

Spring 2004

Syllabus

Problem Set #1

Data for Problem Set #1

Class Notes 18-20 May

Calibrating the Growth Model

Data for Calibrating the Growth Model

MATLAB Programs for Great Depressions Model

Problem Set #2

Data for Problem Set #2

Class Notes 3-10 June

Self-Fulfilling Debt Crisis Notes

Problem Set #3

Exam

Some references:

R. Bems and K. Jönsson, “Trade Deficits in the Baltic States:  How Long Will the Party Last?” Stockholm School of Economics, 2003.

R. Bergoeing, P. J. Kehoe, T. J. Kehoe, and R. Soto, "Decades Lost and Found: Chile and Mexico in the 1980s and 1990s."

G. A. Calvo, A. Izquierdo, and E. Telvi, "Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability:  Argentina’s Lessons," Inter-American Development Bank, 2002.

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

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

H. L. Cole and L. E. Ohanian, "The Great Depression in the United States from a Neoclassical Perspective," Federal Reserve Bank of Minneapolis Quarterly Review, 23(1) (1999) 2–24.

J. C. Conesa and T. J. Kehoe, "Productivity, Taxes, and Hours Worked in Spain: 1975-2000."

A. De la Torre, E. Levy Yeyati, and S. L. Schmukler, "Argentina’s Financial Crisis:  Floating Money, Sinking Banking," World Bank, 2002.

J. M. Da Rocha, E. L. Giménez, and F. X. Lores, "Devaluation Beliefs and the Argentinian Debt Crisis," Universidade de Vigo, 2002.

G. Fernandez de Cordoba and T. J. Kehoe, "Capital Flows and Real Exchange Rate Fluctuations Following Spain's Entry into the European Community," Journal of International Economics, 51 (2000), 49-78.

T. J. Kehoe, Comment on "Are Currency Crises Self-Fulfilling?" by Paul Krugman, in B. S. Bernanke and J. J. Rotemberg, editors, NBER Macroeconomics Annual 1996, MIT Press, 1996, 378-392.

T. J. Kehoe, "What Can We Learn from the Current Crisis in Argentina?" Scottish Journal of Political Economy, 50 (2003), 609-633.

T. J. Kehoe and E. C. Prescott, "Great Depressions of the Twentieth Century," Review of Economic Dynamics, 5 (2002), 1-18.

T. J. Kehoe and K. J. Ruhl, "Recent Great Depressions:  Aggregate Growth in New Zealand and Switzerland 1973-2000," New Zealand Economic Papers, 37 (2003), 5-40.

P. Krugman (1979), "A Model of Balance of Payments Crises," Journal of Money Credit and Banking, 11, 311-325.

P. Krugman (1996), "Are Currency Crises Self-Fulfilling?" in B. S. Bernanke and J. J. Rotemberg, editors, NBER Macroeconomics Annual 1996, MIT Press, 1996, 346-378.

G. Perry and L. Servin, "The Anatomy of a Crisis:  Why Was Argentina Special and What Can We Learn from It?"  World Bank, 2002.

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