Michael D. Goldberg is the Todd H. Crockett Professor of Economics at the University of New Hampshire. He has written extensively in the fields of International Finance and Macroeconomics and his columns on asset price fluctuations and policy reform have been published by leading newspapers in more than 50 countries. His bestselling books, Imperfect Knowledge Economics: Exchange Rates and Risk (Princeton University Press, 2007) and Beyond Mechanical Markets: Asset Price Swings, Risk, and the Role of the State (Princeton University Press, 2011), both co-authored with Roman Frydman, propose a new approach to macroeconomic modeling that recognizes the importance of unforeseeable change in the process underpinning economic outcomes. Beyond Mechanical Markets was a finalist for the 2011 TIAA-CREF Paul A. Samuelson Award. The book was also one of the Financial Times non-fiction favorites of 2011, commended by its chief economics commentator, Martin Wolf. James Pressley of Bloomberg News also selected it as a top business book of 2011. Beyond Mechanical Markets has been translated into Chinese, Italian, Polish, French, and German. Imperfect Knowledge Economics has been translated into Chinese and Polish.
Ph.D., Economics, New York University
B.S., Business Administration and Economics, Lehigh University
ECON 401: Principles of Economics Macro
ECON 611: Inter Macroeconomic Analysis
ECON 746: International Finance
ECON 946: International Finance
ECON 978: Teaching Economics
ECON 999: Doctoral Research
PAUL 598: Top/Argument & Debate
Frydman, R., & Goldberg, M. D. (2013). Fallibility in formal macroeconomics and finance theory. Journal of Economic Methodology, 20(4), 386-396. doi:10.1080/1350178x.2013.859425
Frydman, R., & Goldberg, M. D. (2013). Change and expectations in macroeconomic models: recognizing the limits to knowability. Journal of Economic Methodology, 20(2), 118-138. doi:10.1080/1350178x.2013.804677
Goldberg, M. D., & Frydman, R. (2013). Opening Models of Asset Prices and Risk to Nonroutine Change. In R. Frydman, & E. Phelps (Eds.), Rethinking Expectations The Way Forward for Macroeconomics (pp. 205). Princeton University Press.
Goldberg, M. D., & Frydman, R. (2013). The Imperfect Knowledge Imperative in Modern Macroeconomics and Finance Theory. In R. Frydman, & E. Phelps (Eds.), Rethinking Expectations The Way Forward for Macroeconomics (pp. 130). Princeton University Press.
Frydman, R., & Goldberg, M. D. (2011). Beyond Mechanical Markets Asset Price Swings, Risk, and the Role of the State. Princeton University Press.
Frydman, R., & Goldberg, M. D. (2009). Financial Markets and the State: Long Swings, Risk, and the Scope of Regulation. Capitalism and Society, 4(2). doi:10.2202/1932-0213.1061
Goldberg, M. D., & Frydman, R. (2001). Macroeconomic fundamentals and the DM/$ exchange rate: Temporal instability and the monetary model. International Journal of Finance & Economics, 6(4), 421-435. doi:10.1002/ijfe.166
Goldberg, M. D. (2000). On empirical exchange rate models: what does a rejection of the symmetry restriction on short-run interest rates mean?. Journal of International Money and Finance, 19(5), 673-688. doi:10.1016/s0261-5606(00)00024-3
Goldberg, M. D., & Frydman, R. (1996). Imperfect Knowledge and Behaviour in the Foreign Exchange Market. The Economic Journal, 106(437), 869. doi:10.2307/2235362
Goldberg, M. D., & Frydman, R. (1996). Empirical exchange rate models and shifts in the co-integrating vector. Structural Change and Economic Dynamics, 7(1), 55-78. doi:10.1016/0954-349x(95)00038-o