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Willem Hendrik Buiter

Economist

Willem Hendrik Buiter, Dutch, American economist. Fellow Centre for Economic Policy Research; member Royal Economics Society, American Economics Association, Royal Netherlands Academy of Sciences (correspondent), Council of the Royal Economic Society (member panel of independent advisors, economic and monetary committee parliamentary group of Party of European Socialists since 1996), International Institute Public Fins.

Background

Buiter, Willem Hendrik was born on September 26, 1949 in The Hague, The Netherlands. Came to the United States, 1971. Son of Harm Geert and Hendrien (Van Schooten) Buiter.

Education

Bachelor of Arts University of Cambridge, Cambridge, United Kingdom, 1971. Doctor of Philosophy Yale University, 1975.

Career

Assistant professor economics Princeton University, New Jersey, 1975-1979. Professor Bristol University, England, 1980-1982. Cassel professor London School Economics & Political Science, 1982-1984.

Professor Yale University, New Haven, 1985—1990, Juan D. Trippe professor international economics, 1990-1994. Professor international macroeconomics University Cambridge, 1994—2000. Chief economist, special counsellor to president European Bank for Reconstruction & Development, 2000—2005.

Professor European political economy, European Institute London School of Economics & Political Science, 2005—2009, professor political economy Centre for Economic Performance, 2009. Chief economist Citigroup Inc., London, since 2010. Associate National Bureau Economic Research, since 1979.

Consultant International Monetary Fund, Washington, 1979, 82, 85, 91-92, World Bank, Washington, 1986-1991. Consultant Inter-American Development Bank, Washington, since 1991, EBRD, London, since 1994. Adviser House of Commons Treasury Committee, London, 1980-1984, European Economic Community, Brussels, Belgium, 1982-1984, Ministry Education and Science, The Hague, 1986, Ministry Coordinator and Planning, Venezuela, 1992, member Monetary Policy Committee, Bank of England, 1997-2000.

Achievements

  • Research Association, National Bureau of Economie Research, New York, New York, United States of America, since 1979. Specialist Adviser, United Kingdom House of Commons Select Committee Treasury and Civil Service, since 1980. Member, Brookings Panel Economics Activity, 1981, 1983.

    Adviser, Commission European Economie Community, since 1982. Programme Director International Macroeconomics, United Kingdom Centre Economics Policy Research, since 1983.

Works

Views

The common thread in most of my work concerns monetary and fiscal policy evaluation and design. Increasingly, an open economy or multi-country framework approach has been adopted. One set of papers aimed to save the rational expectations revolution from the new classical macroeconomics.

A continuing concern is the development of dynamic models with tolerable microfoundations, that have sufficient plausible market imperfections (especially in financial markets) for a non-trivial potential role for monetary, fiscal and financial policy to emerge. Given policy ‘effectiveness’, the search for credible or time-consistent policies is the next item on the agenda. As part of this research programme, I am trying to integrate the allocative and stabilisation aspects of budgetary and monetary policy.

I have cautious hopes for the applicability of simple nonco-operative dynamic game theory to the problem of decentralised policy design in open, interdependent economies.

Membership

Fellow Centre for Economic Policy Research. Member Royal Economics Society, American Economics Association, Royal Netherlands Academy of Sciences (correspondent), Council of the Royal Economic Society (member panel of independent advisors, economic and monetary committee parliamentary group of Party of European Socialists since 1996), International Institute Public Fins.

Connections

Married Anne C. Sibert: children: David Michael Alejandro, Elizabeth Lorca.

father:
Harm Geert Buiter

mother:
Hendrien (Van Schooten) Buiter

spouse:
Anne C. Sibert: children: David Michael Alejandro

child:
David Michael Alejandro Buiter

child:
Elizabeth Lorca Buiter