Editing Rudi Dornbusch (section)

== Career ==
He lectured briefly at the [[University of Chicago Booth School of Business]], before serving as an [[assistant professor]] at the [[University of Rochester]] for two years; he then returned to Chicago, where he served as a professor of international economics. In 1975, he moved to [[MIT]], where he was appointed an [[associate professor]] in the [[MIT Department of Economics|Department of Economics]], and was made a [[Professor|full professor]] in 1984.<ref name=":0" /> He stayed at MIT until his death in 2002.<ref>{{cite news |date=August 10, 2002 |title=Rudiger Dornbusch |newspaper=The Economist |url=http://www.economist.com/node/1270474 |access-date=August 5, 2013}}</ref>

Throughout his career his main focus was on [[international economics]], especially monetary policy, macroeconomic development, growth and international trade. According to some of his students and associates his talent was to extract the heart of a problem and make it understandable in simple terms. For example, he explained fluctuations in prices and exchange rates with great clarity (notably with his [[overshooting model]]). He succeeded in making a more realistic model than [[Mundell–Fleming model]] with regard to a small open economic system, considering exchange rate expectations.<ref>Dornbusch, R. (1976). "Exchange Rate Expectations and Monetary Policy". ''Journal of International Economics'' 6 (3): 231–244.</ref> He worked also for the [[International Monetary Fund]], contributing to the development of stabilisation policies, especially for Latin American countries. Along with [[Sebastián Edwards]] he coined the term [[macroeconomic populism]]. For more than 15 years he served as an associate editor of the ''[[Quarterly Journal of Economics]]''.

Together with [[Stanley Fischer]] he also wrote widely used undergraduate textbooks.

He died, aged sixty, from [[cancer]].<ref>{{Cite web|url=https://news.mit.edu/2002/dornbusch|title = MIT international economist Rudiger Dornbusch dies at 60| date=July 26, 2002 }}</ref>