Maurice Obstfeld

Maurice Moses Obstfeld (born March 19, 1952 in New York City ) is an American economist . From 2015 to 2018 he was chief economist at the International Monetary Fund . He is considered an expert on questions of foreign trade theory , especially international capital flows . His textbook International Economics: Theory and Policy with Paul Krugman is well known .

Life

From 1969 to 1973 Obstfeld studied at the University of Pennsylvania , in Philadelphia . There he obtained a Bachelor of Arts , which he graduated with summa cum laude . 1973-1975 he studied at King's College of Cambridge University , where he earned a Master acquired.

Between 1975 and 1979, Obstfeld studied at the Massachusetts Institute of Technology . In 1979 he received his Ph.D. for a thesis on Capital Mobility and Monetary Policy under Fixed and Flexible Exchange Rates .

From 1979 he held various positions at Columbia University before moving to the University of Pennsylvania as a professor in 1986 . Since 1989 he has been a professor at the University of California, Berkeley . Since 2001 he has also acted as an advisor to the Bank of Japan .

In July 2015 the International Monetary Fund announced the appointment of Obstfeld as Chief Economist. In this office he succeeded Olivier Blanchard . In July 2018, the IMF announced that Obstfeld would return to the University of California, Berkeley, in late 2018. Gita Gopinath was his successor .

Honors

• 1984: Sloan Research Fellowship
• 2004: Bernhard Harms Prize from the Kiel Institute for the World Economy
• 2004: Elected member of the American Academy of Arts and Sciences

Important publications

Monographs

• with Alan M. Taylor : Global Capital Markets: Integration, Crisis, and Growth. Cambridge University Press, New York NY 2003, ISBN 0-521-63317-6 .
• with Guillermo A. Calvo , Rudi Dornbusch : Money, Capital Mobility, and Trade. Essays in Honor of Robert Mundell. The MIT Press, Cambridge MA et al. 2001, ISBN 0-262-03282-1 .
• with Kenneth Rogoff : Foundations of International Macroeconomics. The MIT Press, Cambridge MA et al. 1996, ISBN 0-262-15047-6 .
• The Logic of Currency Crises (= National Bureau of Economic Research. Working Paper. 4640, ISSN  0898-2937 ). National Bureau of Economic Research, Cambridge MA 1994.
• with Paul Krugman : International Economics. Theory and Policy. Scott, Foresman and Comp., Glenview IL 1988, ISBN 0-673-39733-5 (multiple editions and translations).

Magazine articles

• Imperfect Asset Substitutability and Monetary Policy under Fixed Exchange Rates. In: Journal of International Economics . Vol. 10, No. 2, 1980, pp. 177-200, doi : 10.1016 / 0022-1996 (80) 90053-7 .
• Intermediate Imports, the Terms of Trade, and the Dynamics of the Exchange Rate and Current Account. In: Journal of International Economics. Vol. 10, No. 4, 1980, pp. 461-480, doi : 10.1016 / 0022-1996 (80) 90001-X .
• Capital Mobility and Devaluation in an Optimizing Model with Rational Expectations. In: The American Economic Review . Vol. 71, No. 2, 1981, pp. 217-221, JSTOR 1815721 .
• Can We Sterilize? Theory and Evidence. In: The American Economic Review. Vol. 72, No. 2, 1982, pp. 45-50, JSTOR 1802301 .
• Exchange Rates, Inflation, and the Sterilization Problem: Germany, 1975–1981. In: European Economic Review . Vol. 21, No. 1/2, 1983, pp. 161-189, doi : 10.1016 / S0014-2921 (83) 80015-4 .
• Rational and Self-Fulfilling Balance-of-Payments Crises. In: The American Economic Review. Vol. 76, No. 1, 1986, pp. 72-81, JSTOR 1804128 .
• with Kenneth Rogoff: Ruling Out Divergent Speculative Bubbles. In: Journal of Monetary Economics . Vol. 17, No. 3, 1986, pp. 349-362, doi : 10.1016 / 0304-3932 (86) 90062-0 .
• International Risk Sharing and Capital Mobility: Another Look. In: Journal of International Money and Finance. Vol. 11, No. 1, 1992, pp. 115-121, doi : 10.1016 / 0261-5606 (92) 90025-S .
• with Kenneth Rogoff: Exchange Rate Dynamics Redux. In: Journal of Political Economy . Vol. 103, No. 3, 1995, pp. 624-660, JSTOR 2138701 .
• A Strategy for Launching the Euro. In: European Economic Review. Vol. 42, No. 6, 1998, pp. 975-1007, doi : 10.1016 / S0014-2921 (97) 00142-6 .
• Financial Shocks and Business Cycles: Lessons from Outside the United States. In: Federal Reserve Bank of Boston. Conference Series. Vol. 42, 1998, ZDB -ID 1286391-9 , pp. 187-193.
• Globalization and Macroeconomics. In: NBER Reporter. 2000, pp. 18-23, ( online ).
• with Kenneth Rogoff: The Six Major Puzzles in International Macroeconomics: Is There a Common Cause? In: NBER Macroeconomics Annual. Vol. 15, 2000, pp. 339-390, doi : 10.2307 / 3585403 .
• Inflation Targeting, Exchange Rate Pass-Through, and Volatility. In: The American Economic Review. Vol. 92, No. 2, 2002, pp. 102-107, JSTOR 3083385 .

Web links

• Obstfeld's homepage at the University of California
• Maurice Obstfeld in the catalog of the ZBW - Leibniz Information Center for Economics (ZBW)
• Curriculum Vitae of Maurice Obstfeld. (pdf, 190 kB) University of California, July 14, 2015(English). 
• Literature by and about Maurice Obstfeld in the catalog of the German National Library

Individual evidence

1. ↑ Press Release: IMF Managing Director Christine Lagarde Appoints Maurice Obstfeld as Economic Counselor and Director of the IMF's Research Department. International Monetary Fund press release, July 20, 2015, accessed on August 6, 2018 . 
2. ^ International Monetary Fund: IMF Chief Economist Maurice Obstfeld to Retire. Retrieved March 9, 2019 . 
3. ^ Past Fellows. Alfred P. Sloan Foundation, accessed July 18, 2019 . 
4. ↑ Recipients of the Bernhard Harms Prize. Institute for the World Economy , accessed June 15, 2013 .