Planeamento

Aulas

Lecture 1

- Presentation. 
- Chapter 1 - Exchange rates and the foreign exchange market - The foreign exchange market.


Lecture 2

Chapter 1 - Exchange rates and the foreign exchange market - The demand for foreign currency assets (continued)


Lecture 3

Exchange rates and the foreign exchange market
A model of foreign exchange markets
- role of interest rates on currency deposits
- role of expectations of exchange rates


Lecture 4

2. Money, Interest Rates, and Exchange Rates
- What is money?
- Control of the supply of money
- The willingness to hold monetary assets
- A model of real monetary assets and interest rates


Lecture 5

Chapter 2 - Money, Interest Rates, and Exchange Rates - Money, the price level, and the exchange rate in the long run.
- A model of real monetary assets, interest rates, and exchange rates
- Long-run effects of changes in money on prices, interest rates, and exchange rates


Lecture 6

Chapter 2 - Money, Interest Rates, and Exchange Rates - inflation and exchange rate dynamics.
- Long-run effects of changes in money on prices, interest rates, and exchange rates


Lecture 7

3 - Price Levels and the Exchange Rate in the Long Run
- Law of one price
- Purchasing power parity
- Long-run model of exchange rates: monetary approach (introduction)


Lecture 8

3. Price Levels and the Exchange Rate in the Long Run
- Relationship between interest rates and inflation: Fisher effect
- Shortcomings of purchasing power parity


Lecture 9

3. Price Levels and the Exchange Rate in the Long Run
- Shortcomings of purchasing power parity (conclusion)
- Long-run model of exchange rates: real exchange rate approach


Lecture 10

3. Price Levels and the Exchange Rate in the Long Run
- Long-run model of exchange rates: real exchange rate approach (conclusion).
- Real interest rates.

4. Output and the Exchange Rate in the Short Run
- Determinants of aggregate demand in the short run (introduction).


Lecture 11

4. Output and the Exchange Rate in the Short Run
- Determinants of aggregate demand in the short run (conclusion).
- A short-run model of output markets


Lecture 12

4. Output and the Exchange Rate in the Short Run

- A short-run model of output markets (conclusion)
- A short-run model of asset markets
- A short-run model for both output markets and asset markets (introduction)


Lecture 13

Revisions for the intermediate test.


Lecture 14

Intermediate Test


Lecture 15

4. Output and the Exchange Rate in the Short Run
- A short-run model for both output markets and asset markets (conclusion).
- Effects of temporary and permanent changes in monetary and fiscal policies.


Lecture 16

4. Output and the Exchange Rate in the Short Run

- Effects of temporary and permanent changes in monetary and fiscal policies (cont.)


Lecture 17

4. Output and the Exchange Rate in the Short Run
- Adjustment of the current account over time (introduction)


Lecture 18

4. Output and the Exchange Rate in the Short Run

- Adjustment of the current account over time (conclusion).

5.Fixed Exchange Rates and Foreign Exchange Intervention
- Balance sheets of central banks
- Intervention in the foreign exchange markets and the money supply


Lecture 19

5.Fixed Exchange Rates and Foreign Exchange Intervention
- How the central bank fixes the exchange rate
- Monetary and fiscal policies under fixed exchange rates


Lecture 20

5. Fixed Exchange Rates and Foreign Exchange Intervention
- Monetary and fiscal policies under fixed exchange rates (conclusion)
- Financial market crises and capital flight.


Lecture 21

5. Fixed Exchange Rates and Foreign Exchange Intervention

- Types of fixed exchange rates: reserve currency and gold standard systems


Lecture 22

6. International Monetary Systems: An Historical Overview
- Goals of macroeconomic policies—internal and external balance
- Gold standard era 1870–1914
- International monetary system during interwar period 1918–1939
- Bretton Woods system of fixed exchange rates 1944–1973


Lecture 23

6. International Monetary Systems: An Historical Overview

- Bretton Woods system of fixed exchange rates 1944–1973.
- Collapse of the Bretton Woods system.


Lecture 24

6. International Monetary Systems: An Historical Overview
- Arguments for floating exchange rates.
- Macroeconomic interdependence under a floating exchange rate.

- Foreign exchange markets since 1973.


Lecture 1

- Presentation. 
- Chapter 1 - Exchange rates and the foreign exchange market - The foreign exchange market.


Lecture 2

Chapter 1 - Exchange rates and the foreign exchange market - The demand for foreign currency assets (continued)


Lecture 3

Exchange rates and the foreign exchange market
A model of foreign exchange markets
- role of interest rates on currency deposits
- role of expectations of exchange rates


Lecture 4

2. Money, Interest Rates, and Exchange Rates
- What is money?
- Control of the supply of money
- The willingness to hold monetary assets
- A model of real monetary assets and interest rates


Lecture 5

Chapter 2 - Money, Interest Rates, and Exchange Rates - Money, the price level, and the exchange rate in the long run.
- A model of real monetary assets, interest rates, and exchange rates
- Long-run effects of changes in money on prices, interest rates, and exchange rates


Lecture 6

Chapter 2 - Money, Interest Rates, and Exchange Rates - inflation and exchange rate dynamics.
- Long-run effects of changes in money on prices, interest rates, and exchange rates


Lecture 7

3 - Price Levels and the Exchange Rate in the Long Run
- Law of one price
- Purchasing power parity
- Long-run model of exchange rates: monetary approach (introduction)


Lecture 8

3. Price Levels and the Exchange Rate in the Long Run
- Relationship between interest rates and inflation: Fisher effect
- Shortcomings of purchasing power parity


Lecture 9

3. Price Levels and the Exchange Rate in the Long Run
- Shortcomings of purchasing power parity (conclusion)
- Long-run model of exchange rates: real exchange rate approach


Lecture 10

3. Price Levels and the Exchange Rate in the Long Run
- Long-run model of exchange rates: real exchange rate approach (conclusion).
- Real interest rates.

4. Output and the Exchange Rate in the Short Run
- Determinants of aggregate demand in the short run (introduction).


Lecture 11

4. Output and the Exchange Rate in the Short Run
- Determinants of aggregate demand in the short run (conclusion).
- A short-run model of output markets


Lecture 12

4. Output and the Exchange Rate in the Short Run

- A short-run model of output markets (conclusion)
- A short-run model of asset markets
- A short-run model for both output markets and asset markets (introduction)


Lecture 13

Revisions for the intermediate test.


Lecture 14

Intermediate Test


Lecture 15

4. Output and the Exchange Rate in the Short Run
- A short-run model for both output markets and asset markets (conclusion).
- Effects of temporary and permanent changes in monetary and fiscal policies.


Lecture 16

4. Output and the Exchange Rate in the Short Run

- Effects of temporary and permanent changes in monetary and fiscal policies (cont.)


Lecture 17

4. Output and the Exchange Rate in the Short Run
- Adjustment of the current account over time (introduction)


Lecture 18

4. Output and the Exchange Rate in the Short Run

- Adjustment of the current account over time (conclusion).

5.Fixed Exchange Rates and Foreign Exchange Intervention
- Balance sheets of central banks
- Intervention in the foreign exchange markets and the money supply


Lecture 19

5.Fixed Exchange Rates and Foreign Exchange Intervention
- How the central bank fixes the exchange rate
- Monetary and fiscal policies under fixed exchange rates


Lecture 20

5. Fixed Exchange Rates and Foreign Exchange Intervention
- Monetary and fiscal policies under fixed exchange rates (conclusion)
- Financial market crises and capital flight.


Lecture 21

5. Fixed Exchange Rates and Foreign Exchange Intervention

- Types of fixed exchange rates: reserve currency and gold standard systems


Lecture 22

6. International Monetary Systems: An Historical Overview
- Goals of macroeconomic policies—internal and external balance
- Gold standard era 1870–1914
- International monetary system during interwar period 1918–1939
- Bretton Woods system of fixed exchange rates 1944–1973


Lecture 23

6. International Monetary Systems: An Historical Overview

- Bretton Woods system of fixed exchange rates 1944–1973.
- Collapse of the Bretton Woods system.


Lecture 24

6. International Monetary Systems: An Historical Overview
- Arguments for floating exchange rates.
- Macroeconomic interdependence under a floating exchange rate.

- Foreign exchange markets since 1973.