Nos dias 19 e 20 de abril, o prof. Tarek Hassan (Boston University) visitou o Departamento de Economia. Além de um seminário no dia 19, o prof. Hassan ministrou um mini-curso sobre sua inovadora pesquisa em determinação da taxa de câmbio, estratégias de investimento internacionais e fluxos de capitais. Abaixo, segue uma breve descrição do conteúdo das aulas. 

The mini-course covers the basics of international asset pricing and its application to macroeconomics. We will cover how international assets are priced, discuss the origins of violations of uncovered interest parity and other anomalies, and discuss what they tell us about the international transmission of shocks and the allocation of resources across countries. Finally we will study a simple model of the effects of currency manipulation on capital flows.

Recommended reading (in that order):

Hassan and Mano (2017): Forward and Spot Exchange Rates in a Multi-Currency World

https://www.dropbox.com/s/kv6x9i5h6jhzyk9/ForwardandSpotExchangeRates.pdf?raw=1

 

Hassan (2013): Country Size, Currency Unions, and International Asset Returns

https://www.dropbox.com/s/952csotq67ef8ha/CountrySizeCurrencyUnionsandInternationalAssetReturns.pdf?raw=1

 

Hassan, Mertens, and Zhang (2016): Not so disconnected: Exchange Rates and the Capital Stock (optional)

https://www.dropbox.com/s/umnoi370juxurzo/NotsoDisconnected.pdf?raw=1