ECO 357 - Seminar in Open Economy Macroeconoics

Course Units: 1

This course combines open economy macro theory with a variety of topics involving exchange rate, monetary and fiscal policy. Should countries choose fixed or floating exchange rates? What problems are created by capital inflows and their reversals? Are persistent current account deficits the sign of a misaligned real exchange rate? What is need for an independent central bank, and why have so many countries adopted inflation targeting? What are the problems with dollarization? This course deals with the policy challenges faced by developing and emerging market economies. Prerequisite(s): ECO 241 , ECO 242 and ECO 243 CC: SOCS, WAC-R, GDQR