PPT-API120 - Prof. J.Frankel

LECTURE 9 SEIGNIORAGE amp HYPERINFLATION Key Question Government attempts to stimulate the economy may explain moderate levels of money growth amp inflation. CRISES IN EMERGING MARKETS. L21: Speculative Attack Models. . • Generation I. • Generation II. • Generation III. . L22: Sudden Stops. . • Boom & bust in EMs. • Contagion. GraphG prof 1 prof 2 prof 3 prof 4 phd 5 stud 6 stud 7 adv adv adv adv adv sup sup GraphI 1 prof 2,3 prof 4 prof 5 phd 6,7 stud adv adv adv sup 1Fortheformaldevelopmentinthispaper,itwillbeconve-nientt GraphG prof 1 prof 2 prof 3 prof 4 phd 5 stud 6 stud 7 adv adv adv adv adv sup sup GraphI 1 prof 2,3 prof 4 prof 5 phd 6,7 stud adv adv adv sup 1Fortheformaldevelopmentinthispaper,itwillbeconve-nientt Lecture 18: Crises in Emerging . Markets. Continuing from Lecture 12. Boom-bust . cycle . of . inflows & outflows. Sudden stops. Managing . capital . outflows. Speculative attacks. Contagion. IMF . MACROECONOMIC INTERDEPENDENCE. (I) Interdependence: . Y. depends on . Y*.. (II) The two-country model, to be used for . a country big enough to affect world income . Y*.. Simultaneous determination of . How international capital mobility alters . the effects of macroeconomic policy. Lecture . 14: . Mundell-Fleming model with a fixed exchange rate. Fiscal expansion. Monetary expansion. Automatic mechanisms of adjustment. How international capital mobility alters . the effects of macroeconomic policy. Lecture . 14: . Mundell-Fleming model with a fixed exchange rate. Fiscal expansion. Monetary expansion. Automatic mechanisms of adjustment. @. nicolas_frankel. Me, Myself and I. 2. By day. Consultant. By night. Developer. Blogger. Book author. Teacher/trainer. @nicolas_frankel #kotlin #dsl #kaadin. hybris. , an . SAP company. 3. @nicolas_frankel #kotlin #dsl #kaadin. CRISES IN EMERGING MARKETS. L21: Speculative Attack Models. . • Generation I. • Generation II. • Generation III. . L22: Sudden Stops. . • Boom & bust in EMs. • Contagion. Markets. Continuing from Lecture 12. Boom-bust . cycle . of . inflows & outflows. Sudden stops. Managing . capital . outflows. Speculative attacks. Contagion. IMF . Programs. Appendices: . Car . crash analogy. International Interdependence. Theory:. . Interdependence . results from capital mobility. , . even . with floating rates.. Empirical estimates of cross-country effects.. International Coordination. LECTURE 11:  EMPIRICAL TESTS OF . PPP. (PURCHASING POWER PARITY). . Motivating questions:. How integrated are goods markets internationally?. How rapidly do prices adjust? . ALTERNATE DEFINITIONS OF PPP. 202 1 ship Appli c ation F or m S T U DE N T I N FOR M A T I O N N ame (L a s t, Fi r s t, MI) : N ame an d city o f s c h ool y ou a re a t t e nd i n g o r p la nn i n g t o a t ten d : Pre s e n t euro:. The . first 20 years”. Prof. Jeffrey Frankel, . Harvard Kennedy School. Panel on the 20. th. Anniversary of the Euro. E51-345, Tang Center,  MIT. 11:30am-1pm,  Thursday, Jan. 17, 2019. V.