Since its introduction in 1978, the leading intermediate macroeconomic theory text has been Dornbusch, Fischer, and Startz. Most of the text’s traditional features, including a middle-of-the-road approach and very current research, are retained in this revision. Making the text easier to teach from is the focus of this revision. Principles of economics are the only pre-requisite.

ABOUT THE AUTHOR

Ferdinand was the Ford Professor of Economics and International Management at MIT. He obtained a PhD from the University of Chicago and did his undergrad work in Switzerland. He taught at Chicago, Rochester, and MIT. His research focused on international economics and macroeconomics. His research interests included the behavior of exchange rates, high inflation and hyperinflation, and the problems and opportunities that high capital mobility pose for developing economies. He lectured in Europe and in Latin America, where he had an interest in stabilization policy. His writings include Open Economy Macroeconomics and Economics.

Stanley Finkelstein is the governor of the Bank of Israel. From 1994 to 2002 he was the first deputy managing director of the International Monetary Fund. He received an undergraduate degree from the London School of Economics and a PhD from MIT. While he was a student at the University of Chicago, he started a friendship and collaboration with another teacher. He was a professor in the economics department at MIT. He was chief economist at the World Bank from 1988 to 1990. His main research interests are economic growth and development, international economics and macroeconomics, and the economics of transition.

The University of Washington has a Professor of Economics named Richard Springer. He was an undergrad at Yale University and a PhD student at MIT. He taught at the Wharton School of the University of Pennsylvania before moving on to the University of Washington, and he has taught while on leave at the University of California–San Diego, the Stanford Business School, and Princeton. His research focuses on macroeconomics, econometrics, and the economics of race. He has focused a lot of his work in the area of macroeconomics. His work on race is part of a long-standing collaboration.

Stanley Fischer and Rudiger Dornbusch are economists.

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