He has been a member of the faculty of the MIT Economics Department since 1973. He taught at the University of Chicago while Rudi Dornbusch was a student there, starting a long friendship and collaboration. He was an undergraduate at the London School of Economics and has a Ph.D. STANLEY FISCHER is First Deputy Managing Director of the International Monetary Fund, on leave from the Department of Economics at MIT. He regularly contributes newspaper editorials on current policy issues here and abroad. His interests in public policy take him frequently to testify before Congress and to participate in international conferences. His writing includes Open Economy Macroeconomics and, with Stanley Fischer and Richard Schmalensee, Economics. He visits and lectures extensively in Europe and in Latin America, where he takes an active interest in problems of stabilization policy, and has held visiting appointments in Brazil and Argentina. His special research interests are the behavior of exchange rates, high inflation and hyperinflation, and the problems and opportunities that high capital mobility poses for developing economies. His research is primarily in international economics, with a major macroeconomic component. He has taught at Chicago, at Rochester, and since 1975 at MIT. He did his undergraduate work in Switzerland and holds a Ph.D. RUDI DORNBUSCH is a Ford Professor of Economics and International Management at MIT.
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