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(1)�@�HŠwŠú2’PˆÊ�E�u‹`
(2)�@This lecture will be offered in English and �^or Japanese. Pre-requisites are macroeconomic and microeconomic theory, as well as the course of-fered in the Spring term under the same title (or its equivalent ). The purpose is to enhance the students�f understanding of open macroeconomic models, as well as theoretical depictions of eco-nomic interdependence and policy choices.
(3)1�DFixed and floating exchange rate regimes The Mundell-Fleming results

Small country and two country assumptions
Fixed exchange rates and capital mobility
Floating exchange rates and capital mobility
Exchange rate overshooting

�@2�DEconomic interdependence and exchange rate regimes

The Canzoneri-Henderson Model
Credibility and Time Inconsistency

(5)�@•l“c�Gˆê�u�‘�Û‹à—Z‚Ì�­Ž¡Œo�ÏŠw�v‘n•¶ŽÐ1979
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‰Í�‡�³�O‘¼�u�‘�Û�­�ô‹¦’²‚ÌŒo�ÏŠw�vŒo�σZƒ~ƒi�[1988�|89
‰ÃŽ¡�²•ÛŽq�u‰¢�BŒo�ϒʉݓ¯–¿�vŽO•HŒo�ÏŒ¤‹†�Š1994
Canzoneri, M.and D.Henderson Monetary Policy in Interdependent Economies, MIT Press, 1991
Giavazzi, F.and A Giovannini Limiting Ex-change Rate Flexibility, The European Mone-tary System, MIT Press, 1989 ‘¼�B