Maurice Obstfeld

Maurice Obstfeld draws on his unique experiences in the policy world and academia to offer insight into a new and turbulent era for the world economy. One of the foremost academic experts on international macroeconomics and finance, Obstfeld also served as Chief Economist at the International Monetary Fund (2015-18) and as a Member of President Obama’s Council of Economic Advisers (2014-15). At the IMF, he oversaw the quarterly global forecast and the World Economic Outlook, while helping to intensify the institution’s focus on the macroeconomic repercussions of inequality, climate change, and trade tensions. In his White House role, Obstfeld advised the U.S. administration on a wide range of issues including energy, climate, the U.S. and global economies, international trade, financial regulation, and policy toward China. Obstfeld’s academic research helped to pioneer the modern analyses of global external imbalances and financial crises, as well as the macroeconomic forecasting models currently used by central banks around the world. He has also written extensively on the history of the international monetary system. He is the Class of 1958 Professor of Economics at the University of California, Berkeley, a nonresident senior fellow of the Peterson Institute for International Economics in Washington, D.C., and a Distinguished Fellow of the London-based Centre for Economic Policy Research. His current projects examine the political economy of globalization backlash, the global context of U.S. monetary policy, the architecture of the euro area, China’s economic policy choices, and frictions in international financial markets. Obstfeld has co-authored two of the most influential textbooks on international economics of the past three decades, “International Economics – Theory and Policy’’ (11th edition, 2017, with Paul Krugman and Marc Melitz) and “Foundations of International Macroeconomics” (1996, with Kenneth Rogoff).