International Economic Policy · 2018/19
Master in International Markets
   

 
 


Antonio Quesada
Office 314
Departament d'Economia
Universitat Rovira i Virgili

Avinguda de la Universitat 1
43204 Reus (Catalonia)

Office hours (February - May 2019)
Tuesday  08.00-09.00 & 11.00-13.00
Thursday
08.00-11.00

Office hours can be requested at aqa@urv.cat 


Classroom A0.5
(no longer A0.7) · 1 April 2019 - 29 May 2019

Monday 15.00-17:00  and  Wednesday
15.00-17:00
 
Sessions 
April
1
3
8
10 24 29


May
6
8
13
15 20 22 27 29






















The big five  
 


 
 


Topics
 

  1. Global dominance of the United States 
  2. Tension between integration and fragmentation
  3. International conflict
  4. Global finance and the international monetary system
  5. Development and sustainability


Games 
Game 1  1  2   Solution   

Game 2 
Game 3 and solution  Game 4 (sanctions) and solution (partial · complete)    


  Lecture notes 29 April 2019 (mainly on topics 3, 4 and 5)

  Lecture notes 6 May 2019 (mainly on topic 2)
    
  Unemployment model 
| Savings identity   

  Lecture notes 8 May 2019 (mainly on topic 4)

  Lecture notes 13 May 2019 
 
  Big questions | 20 May 2019     

  When an image is worth a thousand words   


 

News
 

  Argentina vs Japan | The Economist 30 Mar 2019
Europe has a choice: Pull together, or be pulled apart  | New York Times 25 Mar 2019
The Asian century is set to begin · Asia vs the rest · GDP share   | Financial Times 26 Mar 2019

  An open letter to Greg Mankiw | Harvard Political Review, 2 November 2011 


Charts
 
  Charts from P Dicken (2015): Global Shift
          
      
Censorship  | China's tax structure 2014  | China's vertical map | GDP shares  | Inequality  | War
  GlobalGovernanceSystem    Govt debt held by domestic banks 
Euro trap?   Growth  | Growth2 Unemployment  | Unemployment2 | Exports to EU  | GDP capita |
                       EUtango 
Target balances 2012  BoP  
    
        
Papers 
 

'Economic exit, interdependence, and conflict'
2003, Mark Crescenzi, Journal of Politics 65(3), 809-832 
Model 

'International policy coordination in the Euro area: Toward an economic and fiscal federation by exception'
2013, Jean-Claude Trichet, Journal of Policy Modeling 35(3), 473-481

'The Euro after 20 Years is a historic success'
2018, Jean-Claude Trichet, Review of World Economics 

'How far will international economic integration go?'
2000, Dani Rodrik, Journal of Economic Perspectives 14(1), 177-186 

'Transitioning to a green economy: Conflicting visions, critical opportunities and new ways forward'
2017, Martin Gainsborough, Development and Change   
   

'Can climate change us?'
2017, Ronnie Lipschutz, Development and Change

'The Political Economy of Industrialization'
2017, Servaas Storm, Development and Change

'Reforming Global Economic Governance as if Development Mattered'
2018, Kevin P. Gallagher, Development and Change

'On the number and size of nations'  
 
1997, Alberto Alesina & Enrico Spolare, Quarterly Journal of Economics 112(4), 1027-1056

'War, peace and the size of nations'
2005, Alberto Alesina & Enrico Spolare, Journal of Public Economic 89, 1333-1354

'On the benefits of fiscal policy coordination in a currency union: A note'
2009, Ansgar Belke & Daniel Gros, Empirica 36, 45-49 

'Is poverty in our genes?', 2013, Current Anthropology vs Ashraf & Galor, 2013, American Economic Review

'Exit strategies, capital flight and speculative attacks: Europe's version of the trilemma' · Chart
2019,
Andreas Steiner, Sven Steinkamp, Frank Westermann, European Journal of Political Economy  
  
Books
Avner Greif (2006) Institutions and the Path to the Modern Economy: Lessons from Medieval Trade, Cambridge University Press

H
ans­-Werner Sinn (2014): The euro trap: On bursting bubbles, budgets, and beliefs, Oxford University Press.

Robert D. Blackwill; Jennifer M. Harris (2016): War by other means: Geoeconomics and statecraft, Belknap Press. 


Links
 
 
  Fragile states index   
  Institute for international economic policy   
  Institute of international finance  
  World economic forum   
  TARGET2  | Explainer · Eurocrisis monitor 
  Ifo Institute
  Financial stability board

Good life within planetary boundaries | Boundaries | Social | Biophysical
Understanding conflict 
Flight from nature 

Planetary boundaries  |   Can we live inside the doughnut
UK Environment Plan  UK’s contribution to stopping global warming  (Report) 
Stepping back from the brink  George Monbiot
Global reports: Human Development Report | World Development Report | Global Financial Development Report 
   


Evaluation

Option 1: Paper to be written (based on a published paper) and, possibly, orally presented
(You may start searching for the published paper in the journals listed below)

Option 2: Organize the, in your opinion, most significant ideas from the lecture nodes in terms
of the big five sketch above (what ideas, events, analyses, results, explanations... have to do
with global hegemony, international conflict, development, international finance and global
integration/fragmentation)  




Journals

Real-world Economics  Real-world Economics Review  
World Social and Economic Review

Cambridge Journal of Economics  
Globalizations  
International Studies Quarterly  
Open Economies Review  
Review of International Organizations  
Review of International Political Economy   
International Organization   
Review of World Economics
Journal of International Economics   
Journal of European Public Policy      
Journal of International Money and Finance      
Journal of Economic Integration  
 


      Politics & Policy   
  
      Development and Change
      The World Economy
      Asian Survey
      Journal of Institutional and Theoretical Economics
      Journal of Comparative Economics
      Comparative Politics
      Political Science Quarterly
      Journal of Institutional Economics
      Journal of Bioeconomics
      Journal of Economic Perspectives
      Journal of Conflict Resolution
      Third World Quarterly
      International Economic Journal
      World Development
      International Economics
      Economic Policy
      Economic Analysis and Policy
      Contemporary Economic Policy
      Global Policy
      Quarterly Journal of Political Science
      World Politics
      Political Science & Politics
      Journal of Theoretical Politics
      International Economics and Economic Policy
      Cooperation and Conflict
      International Affairs
      Journal of International Development
      Review of Radical Political Economics
      Atlantic Economic Journal
      SSRN Electronic Journal
      Journal of Policy Modeling
      Journal of Money, Credit and Banking
      Journal of Common Market Studies
      Review of International Economics
      Economics of Transition
      International Journal of Finance & Economics
      Journal of Economic Studies
      European Economic Review
      Japan and the World Economy
      Journal of African Economies
      Journal of Developing Areas
      Journal of Asian Economics
      International Review of Economics & Finance
      NBER Macroeconomics Annual
      Journal of Monetary Economics
      Government and Opposition
      Economic Record
      Australian Journal of Political Science
      International Interactions
      International Studies Review
      Foreign Policy Analysis
      American Journal of Political Science
      Economics & Politics
      Journal of Peace Research
      Journal of Macroeconomics
      European Journal of Political Research
      Asian Economic Journal
      Perspective on Politics
      Journal of Economics
      Journal of Politics
      Economic Affairs
      Kyklos
      Journal of Peace Research
      Oxford Review of Economic Policy
      Economic Inquiry
      Policy Sciences
      International Security
      European Journal of International Relations
      Journal of Post Keynesian Economics 


'Socialism starts at home' · Costas Lapavitsas 24 Oct 2018   
European institutions make neoliberalism and German hegemony stronger
     
Costas Lapavitsas | eldiario.es 19 May 2019 (in Spanish)   

'There is no mass public revolt against globalisation' · The Guardian 02 May 2019
      
Guardian YouGov  

Temporary employment  
 

Global debt   IMF (Jan 2019)  Debt  History (IMF.org) ·  $244 trillion (Jan 2019)
Sectoral debt  · Global debt-to-GDP ratio (Q3 2018): 318% (bloomberg.com)
Debt clocks
·  List of countries by external debt  · Debt-to-GDP 2019  
Visualizing global debt (McKinsey Global Institute) 

Global inequality   Global wealth inequality · High or rising inequality  · Richest 1%  
  Global wealth databook and report (Credit Suisse) ·   Global wealth report 
  World inequality report 2018 ·  World inequality report · World inequality database 




Last update: 29 May 2019 · 14:23