• The 3P Model

    This note presents an open-economy macroeconomic model with three panes: IS/LM, international capital flows, and the exchange rate and net exports. It also includes extensions: full employment and the evolution of prices, fixed exchange rates, and FX intervention. This note is appropriate for use in a first-year MBA course that deals with international economics.
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  • Identifying Fragilities in the Global Economy

    This note presents frameworks and indicators for identifying fragile economies. It includes an assessment of Morgan Stanley's Fragile Five call in 2012 as well as current fragilities data for a range of economies. This note is appropriate for use in a first-year MBA course or an advanced undergraduate- or master's-level course that deals with international economics or finance.
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  • An Abridged User's Guide to BPM6-Based BOP and IIP Accounts

    This note presents an abridged description of balance of payments (BOP) and international investment position (IIP) data. It refers to data for Mexico, but given that there are worldwide standards for countries that report BOP and IIP, it provides guidance for understanding the data of just about any country.
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