Paul Krugman - The Mathematics Genealogy Project.

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In an intriguing synthesis of current theories of international finance, trade, andindustrial organization, Paul Krugman presents a provocative analysis of the extraordinaryvolatility of exchange rates in the 1980s.Krugman focuses on imperfect integration of the worldeconomy, showing how this has become both a cause and effect of exchange rate instability.

In praise of. Paul Krugman. Like his PhD on flexible exchange rates and his bestselling textbook, Krugman's study of trade nudged academic arguments forward with rigour, but sat comfortably.

It develops a class of stochastic equilibrium models of the open economy operating under flexible exchange rates, assuming that agents are endowed with rational expectations but do not possess full current information as to the state of the world.

This dissertation analyzes how the degree of financial integration and the exchange rate regime of a country affect its economic growth. The discussion is focused on developing countries, with special emphasis on Latin America, and it contributes to the recent economic growth and development literatures. The first paper analyzes how fiscal policy and credit constraints affect the impact of.

The issue is peculiarly of import for states that Switched from a fixed to a flexible exchange rate government due to the higher grade of variableness associated with flexible exchange rates ( Hooper and Kohlhagen 1978, Coes 1981, De Grauwe 1988, Brada and Mendez 1988, Caballero and Corbo 1989, Cote 1994, Baum et al 2001, and Arize, Osange, and.

Rudiger Dornbusch. Biography. Rudi Dornbusch, a member of the MIT Economics Department for 27 years, died of cancer at his home in Washington on July 25, 2002.

Clearly, by simultaneously considering many exchange rates and price levels, one could construct real effective exchange rates. We have considered the determinants of flexible exchange rates and their impact on economic policy. We now tackle the major normative issue in this area. The following section compares flexible and fixed exchange rate.

Using Exchange Rate and Price Index Data to Empirically Test the Validity of Purchasing Power Parity in the 21 st Century. The Purchasing Power Parity (PPP) theory caught the attention of scholars following the works of Gustav Cassel in 1922. Since then a lot of research has been done on this interesting Macroeconomic concept.

Camegie Rochester Conference Series on .Public Policy .16 (12J 141-182 Forth Holland Publishing Company THE MACROECONOMICS t;F PROTECTION WITH A FLOATING EXCHANGE RATE Paul Krugman Massachusetts Institute of Technology I. INTRODUCTION The economic argument for free trade rests on the assumption of fully employed resources.

When this system came under stress in the 1960s, older debates of the relative merits of fixed versus flexible exchange rates developed new life and the original Bretton Woods system was replaced by a system of floating exchange rates among the major currencies. The Gold Standard The origin of the gold standard dates back to ancient times when.

Economics Letters 29 (1989) 57-62 57 North-Holland IS GREATER EXCHANGE RATE FLEXIBILITY STABILIZING? Some Evidence From US DATA Yoonbai KIM Southern Illinois University, Carbondale, IL 62901, USA Received 13 June 1988 Accepted 9 August 1988 This paper examines the hypothesis that greater exchange rate flexibility is stabilizing in external adjustment processes.