Rudiger Dornbusch's articles on exchange rates and open economy macroeconomics are among the most frequently cited in the field of international economics. Collected for the first time in Exchange Rates and Inflation, these articles, written over the past fifteen years, cover a wide range of issues while providing unique insights into the research style of a major economist. During this period the economics profession has shifted from global monetarism to the new classical economics, and Dornbusch's own interests, and some of his beliefs, have changed as well.
Twenty two articles are gathered in four Exchange Rate Theory; Special Topics in Exchange Rate Economics; Equilibrium Real Exchange Rates, and Inflation and Stabilization. Each part includes an introduction that discusses the essays and places them in context.
Twenty two of Dr. Dornbusch’s most noteworthy articles on the general topic, divided into four groups: Exchange Rate Theory; Special Topics in Exchange Rate Economics; Equilibrium Real Exchange Rates, and Inflation and Stabilization.
No need to read all at once, but the book is a useful reference source for advanced students and professional economists.
A detailed exploration of the relationship between currency movements and inflation dynamics. The book offers valuable economic insights for readers interested in global markets and financial systems.