Chair ofInternational Economics
At the Chair of International Economics, we study the global economic environment in which businesses, households, and policy makers operate. Our research and teaching incorporate theoretical and empirical aspects, with a focus on real-world examples, to help navigate decision making in an international context.
Recent research focuses on the effect of trade-shocks in monetary unions, the role of financial innovation in international sovereign debt markets, and the effect of financial liberalization on economic growth. Our aim is for future business leaders to develop the necessary tools to navigate a changing global economic environment.
- Prof. Gonçalo Pina
Teaching
We offer the following courses:
Research
Research approach
We study macroeconomic and financial policies that are relevant for open economies, combining theoretical and empirical methods.
Theoretical methods:
- Static and dynamic optimization
- Stochastic control in continuous time
- Simulation methods
Empirical methods:
- Structural estimation and panel data econometrics
- Linear Projections and instrumental variables
- Quasi-experimental methods and non-parametric estimation
- Data collection: web scrapping and hand-collection
Research topics
Currency unions, trade shocks and monetary policy in open economies
Studies the causal impacts of trade shocks and monetary policy shocks in economies under a fixed exchange rate, for example, in the Eurozone.
GDP-linked bonds and sovereign default
Investigates the development, performance and effects of state-contingent debt bonds (GDP-linked), in international sovereign bond markets.
Financial Liberalizations
Explores how different financial liberalizations, for example, opening to capital flows and to competition in the financial sector, interact and determine economic growth.
Accumulation and management of international reserves
Examines how central banks manage their holdings of foreign currencies when they face of trade and financial shocks.
behavioural Economics
How decision making, scheduling and feedback affect performance in competitive environments.
Publications
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Team and contact
