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Foundations of International Macroeconomics (MIT Press) – PDF

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  • Authors: Maurice Obstfeld, Kenneth Rogoff
  • File Size: 40 MB
  • Format: PDF
  • Series: MIT Press
  • Length: 832 pages
  • Publisher: The MIT Press
  • Publication Date: September 12, 1996
  • Language: English
  • ISBN-10: 0262150476
  • ISBN-13: 9780262150477

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About The Author

Kenneth Rogoff

Kenneth Rogoff

Dr. Kenneth S Rogoff teaches in the Economics Department of Harvard University where he is Thomas D Cabot Professor of Public Policy. During 2001-2003 Rogoff was chief economist at the Internatonal Monetary Fund. His latest book The Curse of Cash, shows why phasing out most (except for small bills) would likely significantly reduce tax evasion and crime, while also helping central banks fight financial crises. His 2009 book, with Professor Carmen M Reinhart of the University of Maryland, was a Amazon and NYTs best seller; it exploits an extensive new database, developed by the authors over many years, and now widely used by policymakers, researchers and investors. Dr. Kenneth's 1996 treatise with Maurice Obstfeld on the Foundations of International Macroeconomics remains the standard graduate reference in the field. His monthly column on global economic issues is published in over 50y countries and a dozen languages. Kenneth is also a frequent commentator in the media, including NPR, The Financial Times, CNBC, the Wall Street Journal, BBC, CNN, and Bloomberg.

Outside economics, Kenneth was awarded the life title of international grandmaster of chess by the World Chess Federation in 1978. He is married to Natasha Lance Rogoff, and has 2 children, Juliana and Gabriel.

Maurice Obstfeld

Maurice Obstfeld

Professor Maurice Moses "Maury" Obstfeld is a professor of economics at the UC, Berkeley and currently Chief Economist at the International Monetary Fund. Maurice is well known for his work in international economics. He is among the most influential economists in the world according to IDEAS/RePEc. Dr. Obstfeld graduated from University of Pennsylvania summa cum laude, Cambridge and MIT, where received his Ph.D. in 1979. He joined Berkeley in 1989 as a professor, following appointments at Columbia and the University of Pennsylvania. He was also a visiting professor at Harvard between 1989 and 1991. He is active as a research Fellow of CEPR, a research associate at NBER, and an International Research Fellow at the Kiel Institute for the World Economy.

Foundations of International Macroeconomics (PDF) is an innovative textbook that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. With its clear and accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field.

Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, the implications of (and problems inherent in) international capital market integration, growth, inflation and seignorage, policy credibility, real and nominal exchange rate determination, and many interesting special topics such as speculative attacks, target exchange rate zones, and parallels between immigration and capital mobility. Most main results are derived both for the small country and world economy cases. The first seven chapters cover models of the real economy, while the final three chapters incorporate the economy’s monetary side, including an innovative approach to bridging the usual chasm between real and monetary models.

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