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Paul krugman, recipient of the 2008 nobel memorial prize in economic sciences, taught at princeton university for 14 years. Essays in honor of robert mundell, with guillermo a. A must read for anyone interested in learning macroeconomics at the introductory level. Have now read it in its entirety and appreciate tthe clarity of presentation and its integration of international macro. If the expected real interest rate in the united states is 9 percent and the expected real interest rate in europe is 3 percent, then there is an expectation that the real dollareuro exchange rate will. Krugman and maurice obstfeld are the authors of one of the most influenti al textbooks in the world for departments of international economics, international trade. Choose from 203 different sets of international economics theory krugman flashcards on quizlet. Why is chegg study better than downloaded international economics 10th edition pdf solution manuals. Suranovic, 2007 it is important to understand the reasons why economists use the tools that they do and be forthright about their limitations. The six major puzzles in international macroeconomics 341 competition plus sticky prices andor wages, as in the extensive recent literature on the new openeconomy macroeconomics. Both the real trade portion of the book and the monetary portion are divided into a core of chapters focused on theory, followed by chapters applying the theory to major policy questions, past and current. Krugman is a regular oped columnist for the new york times. Krugman, maurice obstfeld supplementary material and. The old new trade story i like to begin classes on international trade by telling students that there are two basic explanations of international trade.
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