Econ 302: Spring 2007 - Open Economy Macro

Hervey, Jack L. and Loula Merkel. "A Record Current Account Deficit: Causes and Implications," Federal Reserve Bank of Chicago Economic Perspectives, v. 24, Q4 2000, pp. 2–13.
Wessel, David. "Behind Big Drop in Currency: Imbalance in Global Economy," Wall Street Journal, December 2, 2004.
Malpass, David. "Embrace the Deficit," Wall Street Journal Commentary, December 21, 2006.

Brooke, James and Keith Bradsher. "Dollar's Fall Tests Nerve of Asia's Central Bankers," New York Times, December 4, 2004.
"China and the World Economy: From T-shirts to T-bonds," The Economist, July 28, 2005.
Valderrama, Diego. "What If Foreign Governments Diversified Their Reserves?" Federal Reserve Bank of San Francisco Economic Letter, #2005–17, July 29, 2005.
Whitehouse, Mark. "Why U.S. Should Root For Dollar to Weaken More," Wall Street Journal, January 8, 2007.
Porter, Eduardo and Mark Landler. "Trade Deficit Stubbornly Defies the Dollar's Slide," New York Times, January 20, 2007.

"All About The Foreign Exchange Market in the United States," Federal Reserve Bank of New York, 1998.
Levey, David H. and Stuart S. Brown. "The Overstretch Myth," Foreign Affairs, March/April, 2005.
Setser, Brad and Nouriel Roubini. "How Scary Is the Deficit?" Foreign Affairs, July/August, 2005.

Economics 302: Macroeconomic Analysis