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Maurice Obstfeld

Maurice Obstfeld

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Chief Economist at the IMF - International Monetary Fund (2015-2018)

Class of 1958 Professor of Economics, University of California, Berkeley

Listed among the most influential economists in the world according to IDEAS/RePEc

“Maury’s time at the Fund will leave a lasting imprint and not only through enhancing the Fund’s reputation for delivering high-quality research. By bridging academic rigor with an ability to disentangle complex economic issues and make persuasive the case for needed policies, Maury has stepped up the Fund’s contribution to the policy debate,”
Christine Lagarde, Managing Director, IMF

Maurice “Maury” Obstfeld was Chief Economist at the International Monetary Fund (2015-2018). Prior to his role, Dr. Obstfeld served as a Member of President Obama’s Council of Economic Advisers from July 2014 to August 2015. He has had an exceptional career in academia, notably as the Class of 1958 Professor of Economics and former Chair of the Department of Economics at the University of California, Berkeley, as well as in advising central banks throughout the world, including the World Bank.

He was an honorary advisor to the Bank of Japan’s Institute of Monetary and Economic Studies from 2002-2014. He is a Fellow of the Econometric Society and the American Academy of Arts and Sciences.

Dr.Obstfeld’s research has focused on international economics and macroeconomics, notably exchange rates, global imbalances, capital markets, and financial crises. His current projects delve into the global context of US monetary policy, the architecture of the euro area, macroeconomic policy in China’s economy, and frictions in international financial markets.

Among Dr. Obstfeld’s honors are Tilburg University’s Tjalling Koopmans Asset Award, the John von Neumann Award of the Rajk Laszlo College of Advanced Studies (Budapest), and the Kiel Institute’s Bernhard Harms Prize.

He has given several distinguished lectures, including the American Economic Association’s annual Richard T. Ely Lecture, the L. K. Jha Memorial Lecture of the Reserve Bank of India, and the Frank Graham Memorial Lecture at Princeton. Dr. Obstfeld has served both on the Executive Committee and as Vice President of the American Economic Association.

In February 2019, he joined the Peterson Institute for International Economics (PIIE) as a non-resident senior fellow.

He is the co-author of two leading textbooks, ‘International Finance- Theory and Policy’’ (11th edition, 2017, with Paul Krugman and Marc Melitz) and ‘Foundations of International Macroeconomics’ (1996, with Kenneth Rogoff).

In November 2019, Princeton Press will publish ‘Meeting Globalization’s Challenges: Policies to Make Trade Work for All’, edited by Dr. Obstfeld and Dr. Luís Catão. It will include chapters by Professors Paul Krugman, Angus Deaton, Dani Rodrik and Martin Wolf, amongst others.

His other writings include ‘Global Capital Markets: Integration, Crisis, and Growth’ (2004, with Alan M. Taylor), as well as more than numerous research articles on exchange rates, international financial crises, global capital markets, and monetary policy.

He joined Berkeley as a professor in 1989, following permanent appointments at Columbia (1979-1986) and the University of Pennsylvania (1986-1989), and a visiting appointment at Harvard (1989-90). He received his Ph.D. in Economics from MIT in 1979 after attending the University of Pennsylvania (B.A., 1973) and King’s College, Cambridge University (M.A., 1975).

Speaking topics:

• Global Economic Outlook
• International Economics
• Macroeconomics
• Monetary Policy
• Financial Crises


Meeting Globalization's Challenges: Policies to Make Trade Work for All


Meeting Globalization’s Challenges draws on new research to examine the channels through which international trade and the diffusion of technology have enhanced the wealth of nations while also producing unequal benefits within and across countries. The book provides needed perspectives on the complex interplay of trade, deindustrialization, inequality, and the troubling surge of nationalism and populism—perspectives that are essential for crafting sound economic policies. It tackles the vexing issue of how to most effectively compensate globalization’s losers and reintegrate them into job markets. The book also explores how to design social insurance policies that can mitigate the risks posed by automation and offshoring, such as mass unemployment and its inherent dangers to democracy.

International Trade: Theory and Policy

International Trade: Theory and Policy provides engaging, balanced coverage of the key concepts and practical applications of the discipline. An intuitive introduction to international trade theory is followed by detailed coverage of policy applications. With this new tenth edition, the author team of Nobel Prize-winning economist Paul Krugman, renowned researcher Maurice Obstfeld, and Marc Melitz of Harvard University continues to set the standard for International Trade courses.

Foundations of International Macroeconomics

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 accessible style, it is suitable for first-year graduate macroeconomics courses as well as graduate courses in international macroeconomics and finance. Each chapter incorporates an extensive and eclectic array of empirical evidence. For the beginning student, these examples provide motivation and aid in understanding the practical value of the economic models developed. For advanced researchers, they highlight key insights and conundrums in the field.

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