Prof. Laura Bottazzi

Argomenti del programma: It is an advanced course whose aim is to use simple small open economy models to answer many important macroeconomic questions that arise in emerging markets and developing economies, particularly those regarding monetary, fiscal, and exchange rate issues. We want to think in terms of simple models and grasp the fundamentals of open economy macroeconomics.

• Students can mostly rely on the slides. A list of suggested text books, readings and various sources follow:

Argomenti del programma: The theory of consumption and investment: 1. Consumption under certainty 2. Consumption under uncertainty 3. Empirical applications 4. The Interest rate, saving and consumption growth 5. Consumption and risky assets 6.Liquidity constraints 7. Investment and the cost of capital 8. Investment with adjusting costs 9. tobin's Q 10. Investment and uncertainty

Argomenti del programma: The theory of consumption and investment: 1. Consumption under certainty 2. Consumption under uncertainty 3. Empirical applications 4. The Interest rate, saving and consumption growth 5. Consumption and risky assets 6.Liquidity constraints 7. Investment and the cost of capital 8. Investment with adjusting costs 9. tobin's Q 10. Investment and uncertainty

Argomenti del programma: L'obiettivo del corso è di utilizzare semplici modelli di economia aperta per rispondere a molte importanti domande macroeconomiche che sorgono nei mercati emergenti e nelle economie in via di sviluppo, in particolare quelle riguardanti il commercio, le questioni monetarie e di tasso di cambio, e le determinanti dei flussi di movimenti di capitli.