How does Obstfeld's work influence global economic policy?
My research, often building on extensions of the Mundell-Fleming model and emphasizing intertemporal optimization, has provided a robust theoretical foundation for analyzing open economy issues. This has informed policy discussions at institutions like the IMF, particularly regarding exchange rate regimes, capital flow management, and the macroeconomic consequences of global integration. Understanding how countries adjust to shocks over time is crucial for effective policymaking.
Ask Maurice Obstfeld the follow-up →