Macroeconomic Theory And Policy William Branson Pdf |LINK| Free Download

Princeton professor William Branson, who was a pioneer in the fieldof international economics, died Tuesday, Aug. 15, in Princeton fromcomplications from throat cancer. He was 68.

Branson, who joined the faculty in 1967, was the John Foster DullesProfessor Emeritus in International Affairs and professor emeritus ofeconomics and international affairs. He taught undergraduate andgraduate classes in macroeconomic theory and policy, internationalfinance and trade, and economic development. His research focusedprimarily on foreign exchange markets and the macroeconomic problemsfacing developing and transition economies.

"With Dale Henderson, he developed the 'portfolio balance' approach toexchange rate determination, an approach that emphasizes changes in therelative supplies of assets denominated in different currencies as afundamental cause of exchange rate movements," said Gene Grossman, theJacob Viner Professor of International Economics and director of theInternational Economics Section at Princeton.

"Bill was a longtime consultant to the World Bank and otherinternational institutions, where he lent sage advice on macroeconomicpolicy and financial structure to many developing countries," he said."Many students will remember him for his widely used textbook,'Macroeconomic Theory and Policy.' Colleagues will remember his broadinterests in international economics and his fine leadership of theinternational studies group at the National Bureau of EconomicResearch, a role that he capably filled for 15 years."

Branson was born on Feb. 14, 1938, in Springfield, Ill. A 1959 graduateof the U.S. Naval Academy, he served as a supply officer in the Navyfor five years while pursuing graduate studies at the University ofCalifornia-Berkeley, where he earned his M.A. in 1964. He received hisPh.D. from the Massachusetts Institute of Technology in 1967.

After two years on the Princeton faculty, Branson spent a year on leaveas a senior staff economist with the President's Council of EconomicAdvisers. He began serving as a consultant to the World Bank in 1981,working on stabilization and structural adjustment programs inIndonesia, Kenya, Turkey, Yugoslavia and Portugal.

He also was a consultant with the International Monetary Fund, the U.S.Federal Reserve Board, the U.S. Treasury Department and theinternational Organization for Economic Cooperation and Development. Hewas director of research in international studies and a researchassociate at the National Bureau of Economic Research from 1978 to1993. In addition he was a visiting professor at institutions inSweden, Austria, France, Greece and Italy.

The author of numerous articles for professional journals, Bransonfirst published "Macroeconomic Theory and Policy" in 1972. It wastranslated into several other languages and published in two moreeditions. His book "Macroeconomics" (co-written with James Litvack)was published in 1976.

Branson, who became a full professor at Princeton in 1972, was namedthe Jacob Viner Professor of International Economics in 1988 and to theDulles professorship in 1992. He transferred to emeritus status in 2000.

Branson is survived by his children Kristin, William and Emily Branson,and Ekaterina Zamyshlyaeva; and by his granddaughter Morgan BransonLynch.

A memorial service is scheduled for 1 p.m. Saturday, Sept. 16, in the University Chapel. Memorial contributions may be made to Habitat for Humanity. Questions may be sent to WHBransonMemorial@hotmail.com.

This widely respected classic continues to offer the state-of-the-art coverage of advanced macroeconomics. Detailed and clear exposition of such topics as traditional expectations, money demand, and policy rules are well integrated.