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Given the current scenario, Krugman's comments on preventing a liquidity and solvency crisis would suggest similar policy recommendations to those mentioned in his book. Krugman's book can be considered thought-provoking due to its continued relevance, richness of ideas, broad analysis and interpretation of crises. [15]
Krugman's International Economics: Theory and Policy, co-authored with Maurice Obstfeld, is a standard undergraduate textbook on international economics. [39] He is also co-author, with Robin Wells, of an undergraduate economics text which he says was strongly inspired by the first edition of Paul Samuelson's classic textbook. [40]
It relates transport costs linearly with distance, and pays these costs by extracting from the arriving volume. The model is attributed to Paul Samuelson's 1954 article in Deardorffs' Glossary of International Economics. [1] Paul Krugman's 1991 paper on Economic Geography [2] is one of the more widely cited papers employing the model.
Paul Krugman (2005). International Economics Theory and Policy. Addison Wesley. ISBN 978-0-321-27884-5. Paul Krugman (1995). Foreign Direct Investment in the United States. Institute for International Economics. ISBN 0-88132-204-0; Simon Collinson & Glenn Morgan (2009). Images of the Multinational Firm. John Wiley & Sons. ISBN 978-1-4051-4700-2
Paul Krugman criticized endogenous growth theory as nearly impossible to ... (PDF). Journal of Monetary Economics. 22: 3–42 ... (PDF). International Economic Review ...
International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. It seeks to explain the patterns and consequences of transactions and interactions between the inhabitants of different countries ...
Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]
International trade theory is a sub-field of economics which analyzes the patterns of international trade, its origins, and its welfare implications. International trade policy has been highly controversial since the 18th century. International trade theory and economics itself have developed as means to evaluate the effects of trade policies.
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