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Rudiger Dornbusch

Titles by This Author

Macroeconomic Papers from the Centre for European Policy Studies

Restoring Europe's Prosperity is the first annual produced by the Centre for European Policy Studies (CEPS), an independent research institution which focuses on the major medium- and long-term issues facing the European community and Western Europe both internally and internationally.

Free Markets, Sound Money, and a Bit of Luck

The underlying theme of Rudi Dornbusch's work is unabashedly Chicago, namely, the University of Chicago belief that markets solve problems best and that most bureaucrats, even when well-intentioned, are distracted by politics or excessive zeal for perfect solutions. Dornbusch seeks to challenge those in charge with alternative answers and to limit their ambitions.

The Alternatives


This sequel to Reform in Eastern Europe reports on one of the most pressing issues for countries with economies in transition and their neighbors. Focusing on the problem of East-West migration, the authors clearly delineate European free trade and capital flows as a means of raising productivity and increasing worker stability in the East and of reducing income gaps between countries.

Pain and Progress

In their earlier report, Reform in Eastern Europe, the WIDER group assessed the main building blocks of a successful transition in Eastern Europe: stabilization, price liberalization, privatization, and restructuring. For the last three years this group of leading economists has been heavily involved in the reform process. In this new report, they take stock, returning to the original themes and assessing progress and prospects, particularly in Russia.Stabilization in the major Central European countries was done very much by the book.

How can the new governments of Eastern Europe succeed in moving from centrally planned to freemarket economies? This incisive report identifies the major policy choices to be made and discusses what will work and what will not.

Economic Policy Responses

Global warming is debated largely in environmental terms. The contributions in this book focus instead on the economic effects of global warming, providing an excellent summary of current thinking on this important issue. They raise such crucial questions as: Which countries will suffer the most from climate change? What economic initiatives could be adopted to reduce carbon dioxide emissions and chlorofluorocarbons? How will different nations fare under various proposals? What are the prospects for international cooperation?

Rudiger Dornbusch's articles on exchange rates and open economy macroeconomics are among the most frequently cited in the field of international economics. Collected for the first time in Exchange Rates and Inflation, these articles, written over the past fifteen years, cover a wide range of issues while providing unique insights into the research style of a major economist. During this period the economics profession has shifted from global monetarism to the new classical economics, and Dornbusch's own interests, and some of his beliefs, have changed as well.

This interesting and provocative collection of essays addresses most if not all of the key current policy issues in open economy macroeconomics: the strong dollar, LDC debt problems, and deficit financing.

Titles by This Editor

Macroeconomic Papers from the Centre for European Policy Studies

Restoring Europe's Prosperity is the first annual produced by the Centre for European Policy Studies (CEPS), an independent research institution which focuses on the major medium- and long-term issues facing the European community and Western Europe both internally and internationally.

Essays in Honor of Robert A. Mundell

Written by Robert Mundell's academic descendants, as well as other leading economists and scholars, the essays in this volume reflect Mundell's broad influence on modern open-economy macroeconomics.

The breakup of the Soviet Union and the consequent extraordinary problems faced by Eastern European nations raise pressing economic questions. The case studies in this book examine significant parallels between the situation in Eastern Europe today and the issues facing Europe and Japan after World War II, offering insights on what kinds of policy actions will be most effective in this difficult period of reconstruction.

Economic Policy Responses

Global warming is debated largely in environmental terms. The contributions in this book focus instead on the economic effects of global warming, providing an excellent summary of current thinking on this important issue. They raise such crucial questions as: Which countries will suffer the most from climate change? What economic initiatives could be adopted to reduce carbon dioxide emissions and chlorofluorocarbons? How will different nations fare under various proposals? What are the prospects for international cooperation?