ИПИ Библиотека

This volume examines several areas of policy that critically influence economic performance: monetary policy, exchange rate policy, financial reform, tax reform, and foreign capital. The conceptual discussions of these topics are complemented by several country case studies that illustrate the effects of various policy options. The book does not offer specific policy prescriptions for every conceivable situation a country might face, bu the writers give valuable advice based on their experience. Although intended for use in courses and seminars at the EDI and its partner institutes, the study should also be of interest to government officials and policymakers in the developing world who want to have an overview of the various policy issues. Professional economists may also find it useful.

...this volume is a valuable collection that will certainly provide much of interest to both policymakers and government officials in developing countries and teachers of development studies.--Choice

Rudiger Dornbusch

Rüdiger "Rudi" Dornbusch (June 8, 1942 – July 25, 2002) was a German economist who worked for most of his career in the United States.

Throughout his career his main focus was on international economics, especially monetary policy, macroeconomic development, growth and international trade. According to some of his students and associates his talent was to extract the heart of a problem and make it understandable in simple terms. For example, he explained fluctuations in prices and exchange rates with great clarity (notably with his Overshooting Model). He worked also for the IMF, making controversial contributions to the development of stabilisation policies, especially for Latin American countries. For more than 15 years he served as an associate editor of the Quarterly Journal of Economics.

Together with Stanley Fischer he also wrote widely used undergraduate textbooks.