Ford International Professor of Economics at MIT and winner of the 1992 John Bates Clark Medal. He has served as Senior International Economist on the staff of the Council of Economic Advisers and is the author or coauthor of numerous works on international trade and monetary economics, including Has the Adjustment Process Worked? (1991), and Foreign Direct Investment in the United States (3d ed. 1995). He is a member of the Advisory Committee of the Institute.