Jonathan Hoddenbagh is Assistant Professor of International Economics at SAIS and was a Visiting Scholar at the International Monetary Fund in 2017-2018. Jon's research and teaching focuses on macroeconomics, international macroeconomics and finance. His current research interests include the conduct and formulation of monetary and fiscal policy, fiscal-monetary interactions, fiscal dominance and central bank independence, exchange rate and industrial policy, and U.S. dollar dominance. His work on the role of financial frictions in amplifying and propagating business cycle fluctuations was awarded the Bank of Canada Paper Prize.
A graduate of Queen's University (BA, MA) and Boston College (MA, PhD), Jon was a Fellow at the Clough Center for Constitutional Democracy and a recipient of the Graduate School of Arts and Sciences Dissertation Fellowship at Boston College. Prior to attending graduate school Jon worked as an economist at Canada’s central bank, and he continues to visit central banks and international institutions as a researcher.
Inter-temporal macroeconomics models involving capital flows and determination of asset prices and equilibrium exchange rates. Examination of models of exchange rate regimes, debt sustainability, and other global macro topics. Focus on intertemporal issues and general equilibrium models is not covered in MA version of course. This course is open to enrollment by MIEF students only.
Covers the basic theory underlying international macroeconomics. Topics include international financial markets and the macroeconomics of open economies; balance of payments and the trade balance; exchange rates and the foreign exchange market; expectations, interest rates and capital flows; monetary and fiscal policy in open economies; exchange rate regimes; and macroeconomic policy in open economies. Basic algebra will be used in this class. This course is a prerequisite to most upper-level economics courses.