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Foundations of International Macroeconomics
- M. Obstfeld, Kenneth S. Rogoff
- Economics
- 1 July 1997
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. With its clear and…
Exchange Rate Dynamics Redux
- M. Obstfeld, Kenneth S. Rogoff
- EconomicsJournal of Political Economy
- 1 April 1994
We develop an analytically tractable two-country model that marries a full account of global macroeconomic dynamics to a supply framework based on monopolistic competition and sticky nominal prices.…
The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
- M. Obstfeld, Kenneth S. Rogoff
- EconomicsNBER Macroeconomics Annual
- 1 January 2000
The central claim in this paper is that by explicitly introducing costs of international trade (narrowly, transport costs, but more broadly, tariffs, nontariff barriers, and other trade costs), one…
Risk-Taking, Global Diversification, and Growth
- M. Obstfeld
- Economics
- 1 June 1992
This paper develops a dynamic continuous-time model in which international risk sharing can yield substantial welfare gains through its positive effect on expected consumption growth. The mechanism…
Commodity Trade and International Risk Sharing: How Much Do Financial Markets Matter?
- Harold L. Cole, M. Obstfeld
- Economics
- 1 July 1989
The Logic of Currency Crises
- M. Obstfeld
- Economics
- 1 February 1994
Once one recognizes that governments borrow international reserves and exercise other policy options to defend fixed exchange rates during currency crises, the question arises: What factors determine…
Models of Currency Crises with Self-Fulfilling Features
- M. Obstfeld
- Economics
- 1 October 1995
New Directions for Stochastic Open Economy Models
- M. Obstfeld, Kenneth S. Rogoff
- Economics
- 1 August 1999
Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
- M. Obstfeld, Alan M. Taylor
- Economics
- 1 June 1997
We propose that analysis of purchasing power parity (PPP) and the law of one price (LOOP) should explicitly take into account the possibility of commodity points' thresholds delineating a region of…
International Economics: Theory and Policy
- P. Krugman, M. Obstfeld
- Economics
- 1988
1. Introduction 2. World Trade: An Overview 3. Labor Productivity and Comparative Advantage: The Ricardian Model 4. Specific Factors and Income Distribution 5. Resources and Trade: The…
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