Background
Levi, Maurice David was born on September 28, 1945 in London. Came to the United States, 1967. Son of Karl and Louisa Hannah (Magson) Levi.
(International Finance: Contemporary Issues by Levi, Mauri...)
International Finance: Contemporary Issues by Levi, Maurice D. [Routledge, 20...
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Levi, Maurice David was born on September 28, 1945 in London. Came to the United States, 1967. Son of Karl and Louisa Hannah (Magson) Levi.
Bachelor in Economics with 1st class honors, University Manchester, England, 1967. Master of Arts, University Chicago, 1968. Doctor of Philosophy, University Chicago, 1972.
Lector, Roosevelt University, Chicago, Illinois, 1971. Indiana University, E. Chicago, 1971. Assistant Professor, Association Professor, University British Columbia, 1974-1977, 1979-1982.
Visiting Professor, Hebrew University, Israel, 1978. Visiting Association Professor, University California Berkeley, 1979. Bank of Montreal Professor International Finance, University British Columbia, Vancouver, British Columbia, Canada,
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Editorial Board, J International Money and Finance.
(Goes over ways of thinking economically without a lot of ...)
(International Finance: Contemporary Issues by Levi, Mauri...)
Author: Economics Deciphered, 1981, Thinking Economically, 1985, International Finance, 4th edition, 2005, Economics and the Modern World, 1994. Contributor articles to professional journals.
The broad applicability of economic and statistical principles allows the economist to tackle the problems of the day. Since the problems keep changing, so have my research topics, which read like a summary of contemporary problems, albeit with a lag. With the debate over monetary vs fiscal policy still raging in the 1970s, I began by looking at policy effectiveness.
In particular, my concern was that successfully applied stabilisation policy would not correlate with what was stabilised. For example, if tax cuts prevented an incipient recession and Gross National Product was stabilised, we would have tax cuts and no change in Gross National Product. The only way to get unbiassed estimates is to include all exogenous variables, but since this is difficult I use an indirect estimation method via inventories.
The buffer stock motive means that inventories should show effects of policy, especially if the policy itself was unanticipated.
With inflation accelerating during the 1970s the relationship of inflation to
interest ratio became a hot topic of debate. With J. Makin, I developed a macroeconomic model showing how the relationship between inflation and interest rates depended upon the effect of inflation on employment, taxes and uncertainty about inflation. Other current problems which have attracted my attention include the reasons for capital to flow two ways between nations and why exchange rates reveal ‘seasonality’.
I have also looked at national debt in macroeconomic adjustment, the effect of administered prices on the measured relation between monetary policy and inflation, the effect of economic performance on Presidential popularity, biases in measuring import elasticities, and a number of measurement and specification problems in econometrics. My current interests concern the effects of real changes in exchange rates on firms, and the effect of differential tax treatment of investment on the rate of growth. The latter work involves the cost of interfering with evolution in economies via innovation, and is connected to mutation theory in biology and the development of cells.
Member Vancouver Mayor's Economic Advisory Commission, 1983-1984, Federal Provincial Initiative, 1987-1990. Advisor British Columbia Government Progress Board, since 2000.
Astronomy, fishing.
Married Kathleen Birkinshaw, January 14, 1979. Children– Adam Julian, Naomi Anne, Jonathan Karl.