Ruddy thorn bush
Rüdiger "Rudi" Dornbusch (born June 8, 1942 in Krefeld , † July 25, 2002 in Washington, DC ) was a German -American economist .
Life
Rudi Dornbusch completed his schooling at the traditional grammar school on Moltkeplatz in Krefeld. He then studied at the University of Geneva (MA in Economics 1966) and made his Ph.D. in 1971 at the University of Chicago. in economics . He has taught at the University of Rochester , Chicago and MIT . In 1975 he became professor for international economic relations at MIT.
He played an important role in the advancement of international economics. In 1976 he succeeded in combining the theory of purchasing power parity with the theory of interest parity to form monetary exchange rate theory . This was of great interest because some time before the Bretton Woods system , a system of almost fixed exchange rates, had broken.
His textbook on macroeconomics , written with Stanley Fischer , is considered a major work for first-year economics students.
With his countless articles in specialist journals and the international business press, he was a sought-after advisor to many central bankers and governments. In particular, he dealt with the currency crises in Latin America and Asia. He warned of “macroeconomic populism” and explained why it is so important that the foreign debt (public as well as private) does not get out of control. Dornbusch thought the euro was a bad idea.
Dornbusch succumbed to cancer at the age of 60.
Honors
- 1980: Admission to the American Academy of Arts and Sciences
- 1992: Bernhard Harms Prize from the Kiel Institute for the World Economy
Selected Works
- Open Economy Macroeconomics , 1980
- Macroeconomics Populism , 1990
See also Dornbusch (†), Stanley Fischer, Richard Startz: Macroeconomics , 2013, ISBN 978-0078021831 (revised version of the theory from 1978)
Web links
- Literature by and about Rudiger Dornbusch in the catalog of the German National Library
- Rudiger Dornbusch in the catalog of the ZBW - Leibniz Information Center for Economics (ZBW)
- Web presence at the MIT Department of Economics
Individual evidence
- ↑ a b FAZ.net: Why are currencies going crazy?
- ↑ Bernhard Harms Prize. (No longer available online.) Ifw-kiel.de , archived from the original on June 14, 2013 ; Retrieved June 15, 2013 . Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice.
- ↑ Joanna Cotler Books; New edition 1984, ISBN 978-0063502796
| personal data | |
|---|---|
| SURNAME | Dornbusch, Rudiger |
| ALTERNATIVE NAMES | Dornbusch, Rudi |
| BRIEF DESCRIPTION | German-American economist |
| DATE OF BIRTH | June 8, 1942 |
| PLACE OF BIRTH | Krefeld |
| DATE OF DEATH | July 25, 2002 |
| Place of death | Washington, DC |