Sumários
Exchange Rates and Open-Economy Macroeconomics
13 Março 2026, 11:00 • Szabolcs Sebestyén
The Fisher effect
Empirical evidence on PPP
Explaining the failures of PPP
Case study: Why are poor countries cheaper?
Real exchange rates
Exchange Rates and Open-Economy Macroeconomics
12 Março 2026, 11:00 • Szabolcs Sebestyén
Money, the Price Level and the Exchange Rate in the Long Run
The Law of One
Price Purchasing Power Parity
Exchange Rates and Open-Economy Macroeconomics
6 Março 2026, 11:00 • Szabolcs Sebestyén
The FX market
- The demand for foreign currency assets
- Equilibrium in the FX market
- Interest rates, expectations, and equilibrium
- Case study: Carry trade
Exchange Rates and Open-Economy Macroeconomics
5 Março 2026, 11:00 • Szabolcs Sebestyén
Determinants of asset demand
The money market
- Money demand
- A model of the money market
- Supply and demand in the bond market
- Changes in equilibrium interest rates