ROBERTO CHANG
Professor
I
Department of Economics
Rutgers University
75 Hamilton Street
New Brunswick, NJ 08901
(732) 932 7269
chang@econ.rutgers.edu
Personal Information
- Click here for a copy of my CV
Links to some of my recent papers
- New Version! On the Sources of Fluctuations in Emerging Economies (with Andrés Fernández) An empirical investigation of stochastic trends versus financial frictions as explanations of emerging markets fluctuations.
- New Version! Privatization and Nationalization Cycles (with Constantino Hevia and Norman Loayza) We review evidence on the recurrence of nationalization and privatization, and develop a model of an efficiency-equity tradeoff that is consistent with several of the stylized facts.
- Monetary Policy Under Financial Turbulence, Luis Cespedes, Roberto Chang and Diego Saravia eds., Series on Central Banking, Analysis, and Economic Policies, Volume 16, 2011.
- World Food Prices and Monetary Policy (with Luis Catao) Examines what recent volatility in world food prices mean for monetary policy. A novelty of the model is that shocks to food prices may delink the real exchange rate from the terms of trade, with significant implications for welfare analysis.
- Heterodox Central Banking (with Luis Cespedes and Javier Garcia Cicco). Discusses theory and practice of recent central banking moves. Prepared for the 13th Annual Central Bank of Chile Conference, "Monetary Policy Under Financial Turbulence."
- Elections, Capital Flows, and Politico Economic Equilibria A simplified exposition of the interactions between elections and capital flows. American Economic Review 2010
- Inflation Targeting, Reserves Accumulation, and Exchange Rate Management in Latin America. Prepared for the Latin American Reserves Fund.
- Openness Can be Good for Growth: The Role of Policy Complementarities. (with Linda Kaltani and Norman Loayza) Journal of Development Economics, 2009.
- An entry on dollarization for the New Palgrave Dictionary of Economics, 2nd Edition.
- Final version of Financial Crises and Political Crises (Journal of Monetary Economics, 2007). Appendix.
- Electoral Uncertainty and the Volatility of International Capital Flows develops a theoretical model of the interactions between elections, distributional conflict, and international capital movements. This revision allows for factor rewards to be derived endogenously, and for a continuous distribution of wealth.
International Balance of Payments (Econ 336), Spring 2012
- Syllabus
- Introductory lecture
- For resources, exercises, etc. please visit the web site for FT: http://bcs.worthpublishers.com/feenstrataylor2_intlmacro/#t_652829____
- More on the Nobel Problem
- Problem Set 1.
- The Big Mac
Theory
- Recap
- Quick review: exchange rates in the long run
- Recent Monetary Developments in the US
- Problem Set 2
- Answer Key to Problem Set 1
- Answer Key to Problem Set 2
- Review of basic concepts (for the first midterm).
- Answer keys for first midterm: Part I, Part 2 (Exam I), Part 2 (Exam II)
- Economic Report of the President 2006, chapter 6
- Micro review slides
- Schmitt Grohe and Uribe, chapter 2
- Slides on the intertemporal approach to the balance of payments
- Problem Set 3
- Schmitt Grohe-Uribe chapters 4 - 5 Excellent read to interpret the ERP 2006.
- Slides on external adjustment and international equilibrium
- Problem Set 4.
- Answers for Problem Set 3
- Answers to Problem Set 4 (for your convenience in preparing for the midterm, but I strongly recommend you to try to solve the problems on your own before looking at the answers!)
- Answer Key for the Second Midterm
- Problem Set 5.
- An article of mine on Crises in Emerging Markets that you may find useful, though somewhat outdated.
- Material for Final Exam: Half of the exam will focus on Feenstra-Taylor chapters 7-9. The other half will include questions from any part of the course.
- Please remember to fill the course survey.
- The final exam is scheduled for Friday, May 4th, 8 - 11 am in our usual classroom, Murray Hall 211.
- Answers for Problem Set 5
Macroeconomic Theory I (Econ 504), Fall 2011
- Syllabus
- Slides on the Solow growth model
- More Solow slides
- DYNARE file for the stochastic Solow model
- Problem Set 1
- A cheat sheet on linearization
- Slides on the optimal growth model
- Slides on solving the optimal growth model
- Problem Set 2
- Slides on introducing uncertainty into the optimal growth model
- Slides on the model in continuous time
- DYNARE file for stochastic growth model
- Slides on extensions of the Ramsey model, including market interpretation
- Power Point slides illustrating dynamics of the continuous time Ramsey model (Corrected)
- Slides on removing trends from the data and MATLAB program
- Slides on real business cycles
- DYNARE file to solve basic RBC model
- Problem Set 3
- Slides on GMM estimation
- Problem Set 5
- Slides on complete markets
- Slides on Bewley models
- Slides on pure exchange overlapping generations
- Problem Set 6
- More slides on overlapping generations
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Last revision of this page: 5/1/12