Global current account imbalances and exchange rate adjustments, brookings papers on economic activity, economic studies program, the brookings institution, vol. Rogoffs 1996 treatise with maurice obstfeld on the foundations of. This text presents core issues in open economy macroeconomics and finance. Dornbuschs overshooting model after twentyfive years. Taken together, these papers provide sound evidence about the effects of real and monetary factors on exchange rates and extend the analyses of exchange rates and international macroeconomics by.
The economics of exchange rates, sarno and taylor handbook of international economics. Since the last volume of the handbook of international economics appeared nearly two decades ago, researchers in the field have made massive intellectual progress on topics ranging from firmlevel dynamics, to empirical trade models, to financial crises, to global capitalflow imbalances. Books on economics written and edited by maurice obstfeld. Foundations of international macroeconomics unknown edition by obstfeld, maurice, rogoff, kenneth s. Maurice druon made his debut as a novelist in 1956, publishing two novels that year. Foundations of international macroeconomics by obstfeld, maurice, rogoff, kenneth s. The world is drowning in cash and its making us poorer and less safe. Exchange rate dynamics redux by maurice obstfeld, kenneth rogoff. The firstorder conditions for the maximization problems of home and. Global implications of selforiented national monetary rules. Rogoff, kenneth and a great selection of related books, art and collectibles available now at. Foundations of international macroeconomics the mit press by obstfeld, maurice, rogoff, kenneth and a great selection of related books, art and collectibles available now at. Both have their origins in economic policies followed in a number of countries in the 2000s and in distortions that influenced the.
Best sellers help new releases coupons gift ideas gift cards home books sell computers electronics. Maurice obstfeld and kenneth rogoff, foundations of international macroeconomics mit press, 1996. The moral case for a oneoff wealth tax is compelling kenneth rogoff. He was also a visiting professor at harvard between 1989 and 1991. Below is a list of maurice druons books in order of when they were originally published. The great thing about this book is that the authors are able to present the information in an interesting way. From the firstorder conditions for utility maximization by home and. Buy foundations of international macroeconomics the mit press by maurice obstfeld, kenneth rogoff isbn.
From the first order conditions for utility maximization by home and. For reference and classroom use, it sets a new standard in open economy macroeconomics. The following is an evolving list in alphabetical order of notable current and former employees of the international monetary fund imf. Maurice obstfeld and kenneth rogoff 1996 foundations of international macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. Foundations of international macroeconomics 1996 by maurice obstfeld and kenneth s. Risk and exchange rates maurice obstfeld, kenneth rogoff. Dornbuschs overshooting model after twentyfive years, the mundellfleming lecture by kenneth rogoff, economic counselor and director of the imf research department. Cabot professor of public policy at harvard university and former chief economist of the international monetary fund, is the coauthor of the new york times bestseller this time is different.
International finance and macroeconomics program this paper develops an explicitly stochastic new open economy macroeconomics model, which can potentially be used to explore the qualitative and quantitative welfare differences between alternative exchange rate regimes. Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, and the implications of international capital market integration. Data from the mirage of fixed exchange rates, with kenneth rogoff, journal of economic perspectives, fall 1995. It is wellknown that if international linkages are relatively small, the potential gains to international monetary policy coordination are typically quite limited. Foundations of international macroeconomics the mit press by obstfeld, maurice. Cabot professor of public policy and professor of economics at harvard university. Obstfeld serves as honorary advisor to the bank of japan s institute of monetary and economic studies. Foundations of international macroeconomics, by maurice obstfeld and kenneth rogoff, mit press, october 1996. Maurice obstfeld, kenneth rogoff, and gita gopinath. He joined berkeley in 1989 as a professor, following appointments at columbia 19791986 and the university of pennsylvania 19861989. Second annual imf research conference mundellfleming lecture kenneth rogoff 1 economic counselor and director of the imf research department. Nov 29, 2001 dornbuschs overshooting model after twentyfive years, the mundellfleming lecture by kenneth rogoff, economic counselor and director of the imf research department. Foundations of international macroeconomics by maurice obstfeld.
This book was set in times roman by windlall software using zztex and was printed and bound in the united states of america, library of congress cataloginginpublication data obstfeld, maurice. Foundations of international macroeconomics the mit press. Pdf the six major puzzles in international macroeconomics. New lessons and lessons relearned, brookings papers on economic activity, 1. Theory and empirical methods, by nelson mark, blackwell publisher, september 2001. Get free shipping on foundations of international macroeconomics by maurice obstfeld, from. Kenneth rogoff author, former imf chief economist, professor at harvard university, grandmaster chess. For example, it constitutes roughly 10% of the us federal reserves main monetary aggregate, m2. Kenneth saul ken rogoff is an american economist and chess grandmaster.
The moral case for a oneoff wealth tax is compelling. The six major puzzles in international macroeconomics. Foundations of international macroeconomics is an innovative text that offers the first integrative modern treatment of the core issues in open economy macroeconomics and finance. Everything is explained clearly and you should really feel that. Other readers will always be interested in your opinion of the books youve read. Foundations of international macroeconomics unknown. Purchase handbook of international economics, volume 4 1st edition. Mit press direct is a distinctive collection of influential mit press books curated for scholars and libraries worldwide. William spencer vickrey 21 june 1914 11 october 1996 was a canadianborn professor of economics and nobel laureate. Foundations of international macroeconomics maurice. Topic coverage includes intertemporal consumption and investment theory, government spending and budget deficits, finance theory and asset pricing, and the implications of. Foundations of international macroeconomics maurice obstfeld, kenneth rogoft. The paper develops a simple stochastic new open economy macroeconomic model based on sticky nominal wages. Rogoff this amazingly comprehensive book provides a lucid explanation of modern macroeconomic theory and applies the theory to a wide range of international issues.
And since easter falls in april there will not be a big feast to celebrate that. Foundations of international macroeconomics by maurice. They are the perfect people to write the book we badly need a comprehensive, lucid treatment of the field that is neither sloppy nor doctrinaire, equipping its readers to understand both the broad areas of agreement among researchers and their important disputes. Maurice obstfeld, university of california, berkeley. With its clear and accessible style, it is suitable for firstyear graduate macroeconomics courses as well.
Eichengreen, barry, globalizing capital, 2d edition princeton university press, 2008. In the curse of cash, kenneth rogoff, one of the worlds leading economists, makes a persuasive and fascinating case for an idea that until recently would have seemed outlandish. The mirage of fixed exchange rates, nber working papers 5191, national bureau of economic research, inc. I am a veteran book seller living and working in sw florida. The problem of latin american countries, edited by pedro aspe armella, rudiger dornbusch, and maurice obstfeld is published by university of chicago. Everyday low prices and free delivery on eligible orders. Maurice obstfeld imf chief economist, professor of economics at university of california. Maurice obstfeld university of california, berkeley. Theory and policy 10th edition pearson series in economics, by paul r. His 2009 book, with professor carmen m reinhart of the university of maryland, was a ny. The mirage of fixed exchange rates, working papers in applied economic theory 9508, federal reserve bank of san francisco. With its clear and accessible style, it is suitable for firstyear graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. The book financial policies and the world capital market. Kenneth rogoff is a senior fellow at the council on foreign relations and the thomas d.
Maury obstfeld and ken rogoff are among the very best international macroeconomists working today. Marc melitz and a great selection of similar new, used and collectible books available now at great prices. The following is an evolving list in alphabetical order of notable current and former employees of the international monetary fund imf list. Theory and policy, student value edition plus new mylab economics with pearson etext 1semester access access card package 10th edition pearson series in economics 97803830231 by paul r. Risk and exchange rates by maurice obstfeld, kenneth rogoff. Maurice obstfeld and kenneth rogoff the quarterly journal of economics, 2002, vol. Global dimensions of us monetary policy, working paper series wp1916, peterson. Workbook for foundations of international macroeconomics.
Maurice obstfeld and kenneth rogoff november 2009 abstract this paper makes a case that the global imbalances of the 2000s and the recent global financial crisis are intimately connected. Maurice obstfeld, kenneth rogoff foundations of international macroeconomicssize. Foundations of international macroeconomics edition 1 by maurice. Theory and policy 10th edition pearson series in economics, by. From 20012003, rogoff served as chief economist at the.
With kenneth rogoff, he is the author of foundations of international macroeconomics 1996. Whether youve loved the book or not, if you give your honest and detailed thoughts then people will find new books that are right for them. This volume, presenting some of the finest new research on exchange rates and international macroeconomics, contains papers and critical commentary by thirtytwo leading economists. We always look forward to lots of cake and celebrations. Kenneth rogoff a member of the national academy of sciences, he is the author most recently of this time is different. He appears frequently in the national media and writes a monthly newspaper column that is syndicated in. Building on maurice obstfeld and kenneth rogoff 2000b,d, i will argue here that the status quo arrangement among the dollar, yen and the euro which i take to be benign neglect is not far from optimal, not only for now but well into the new century. Buy foundations of international macroeconomics by maurice obstfeld, kenneth rogoff online at alibris. Maurice obstfeld is class of 1958 professor of economics at the university of california, berkeley. Broadening the incometax base is a central element of the highly regarded. Both have their origins in economic policies followed in a number of countries. Foundations of international macroeconomics edition 1 by. Gopinath, gita, maurice obstfeld, and kenneth rogoff. Buy foundations of international macroeconomics by maurice.
Handbook of international economics, volume 4 1st edition. Foundations of international macroeconomics english, hardback maurice obstfeld, kenneth s. The mirage of fixed exchange rates, working papers in applied economic theory 95. But with the social distancing because of the corona virus, theres none of that this year. Vickrey was awarded the 1996 nobel memorial prize in economic sciences with james mirrlees for their research into the economic theory of incentives under asymmetric information, becoming the only nobel laureate born in british columbia. With its clear and accessible style, it is suitable for firstyear graduate macroeconomics courses as well as graduate courses in international macroeconomics and. Rogoff this text presents core issues in open economy macroeconomics and finance. Foundations of international macroeconomics unknown edition. Despite advances in transactions technologies, paper currency still constitutes a notable percentage of the money supply in most countries. He has served as a consultant for the imf, world bank, european commission, and several central banks.