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Frontiers in Macroeconomics: Research Topics in International Finance

Lecturer: Prof. Dr. Mathias Hoffmann (University of Zürich)
Date: September 28 – October 2, 2015
Venue: Friedrich Schiller University Jena, Bachstraße 18k
Registration: Please contact Tina Wolf, E-mail: tina.wolf@uni-jena.de, until August 15, 2015

Course Outline

Part I. International Capital Flows and Global

– Imbalances: measurement and theory
– Capital Flows in the neoclassical model
– The capital allocation puzzle
– Theoretical models of Global imbalances

Part II. Macroeconomic implications of banking regulation: the United States laboratory

– Deregulation and Growth
– The political economy of deregulation
– Deregulation and business cycle patterns
– Deregulation and Risk Sharing

Part III. The origins of the financial crisis: Global

– Imbalances or regulation?
– House prices and international capital Flows
– Deregulation, financial innovation and house price booms
– Global Imbalances and the crisis: link or no link?

Part IV. International Crisis transmission & risk sharing

– The role of exchange rates and asset prices for external adjustment, crisis transmission and risk sharing
– Valuation effects and global imbalances
– Macro factors, crises and exchange rates
– Real effects of financial crises
– International transmission and bank funding shocks
– Regional transmission & the interaction between financial integration and financial development
– Trade and Financial shocks
– Regulatory responses to the crisis