Category: International Economics

Categories
Exam Questions Harvard International Economics Suggested Reading

Harvard. Undergraduate International Economics. Book list and final exam. Caves, 1963-1964

Harvard Square in February 1964

While the memo to the libraries promises a full reading list for the course on international trade and finance to come as soon as possible, there was no copy of Richard Caves’ full reading list for the first semester of 1963-64 to be found with other economics course syllabi in the Harvard archives. Still the twenty items arranged in approximate order of use together with the final exam questions for the course give us a good idea of the course content.

________________________

Course Announcement

Economics 148. International Trade: Basic Facts and Policies

Half course (fall term). Tu., Th., (S.), at 12. Professor Caves

Treats such problems as the balance of payments, the dollar market, capital movements, exchange rates, exchange control, European integration and the relation of domestic and international policies.

Source: Harvard University. Faculty of Arts and Science. Courses of Instruction for Harvard and Radcliffe. Official Register of Harvard University, Vol. LX, No. 21 (September 4, 1963) p. 104.

________________________

Book list for Economics 148

September 11, 1963

To: Lamont, Radcliffe, Littauer Libraries
From: Richard E. Caves
Subject: book list for Economics 148, Fall Semester, 1963-64

The following books and other special materials which I plan to assign for Economics 148 (“International Trade: Basic Facts and Policies”) are arranged in the approximate order of use during the term. Heavy assignments will be made in those titles preceded by an asterisk; in general, only relatively short passages will be assigned from other titles.

Students will be urged to purchase as a basic text Charles P. Kindleberger, International Economics, 3rd ed. (Homewood, Ill.: Richard 3 D. Irwin, 1963). I expect an enrollment in the course about the same as last year, 90 to 100.

A full reading list will follow as soon as possible.

Lary, Hal B. Problems of the United States as World Trader and Banker. New York: National Bureau of Economic Research, 1963.

Allen, W. R., and Allen, C. L., eds. Foreign Trade and Finance: Essays in International Economic Equilibrium and Adjustment. New York: Macmillan, 1959.

Meier, Gerald M. International Trade and Development. New York: Harper and Row, 1963.

Kenen, Peter B. Giant Among Nations: Problems in United States Foreign Economic Policy. Chicago: Rand, McNally, 1963.

Daedalus, Summer and Fall numbers, 1962.

Vaccara, Beatrice N. Employment and Output in Protected Manufacturing Industries. Washington, D.C.: Brookings Institution, 1960.

Myrdal, Gunnar. An International Economy: Problems and Prospects. New York: Harper & Bros., 1956.

Triffin, Robert. Europe and the Money Muddle. New Haven: Yale University Press, 1957.

*Salant, Walter S. et al. The United States Balance of Payments in 1968, Washington, D.C. Brookings Institution, 1963.
[Note: Chapters 2-9 were the Reading Period assignments]

Harris, Seymour E., ed. The Dollar in Crisis. New York: Harcourt, Brace & World, 1961.

*Factors Affecting the United States Balance of Payments, Compilation of Studies, U.S. Congress, Joint Economic Committee, Subcommittee on International Exchange and Payments, 87th Congress, 2nd session. Washington, D. C.: Government Printing Office, 1962.

Tew, Brian. International Monetary Cooperation, 1945-1956. London: Hutchinson’s University Library, 1956.

Tew, Brian, The International Monetary Fund: Its Present Role and Future Prospects. Essays in International Finance, No. 36. Princeton, N.J.: International Finance Section, Princeton University, 1961.

Machlup, Fritz. Plans for Reform of the International Monetary System, Special Papers in International Economics, No. 3. Princeton, N.J.: International Finance Section, Princeton University, 1962.

Tinbergen, Jan. Shaping the World Economy: Suggestions for an International Economic Policy. New York: Twentieth Century Fund, 1962.

Asher, Robert E. Grants, Loans, and Local Currencies: Their Role In Foreign Aid. Washington, D. C.: Brookings Institution, 1961.

Millikan, M. F., and W. W. Rostow. A Proposal: Key To An Effective Foreign Policy. New York: Harper & Bros., 1957.

Mikesell, R. F. Promoting United States Private Investment Abroad. Washington, D.C. National Planning Association, 1957.

*Balassa, Bela. The Theory of Economic Integration. Homewood, Ill.: Richard D. Irwin, 1961.

Sannwald, Rolf F., and Jacques Stohler. Economic Integration: Theoretical Assumptions and Consequences of European Integration. Princeton, Princeton University Press, 1959.

Source: Harvard University Archives. Syllabi, course outlines and reading lists in Economics, 1895-2003. Box 8, Folder “Economics, 1963-1964”.

________________________

HARVARD UNIVERSITY
Department of Economics

Economics 148
Final Examination
January 21, 1964

Answer question No. 1 and three of the remaining five. The answers to all questions will be weighted equally.

  1. Describe the basic model used in the Brookings report (The United States Balance of Payments in 1968) to forecast the balance of payments and evaluate its completeness and correctness in terms of international trade theory.
    (Note: Make sure that you distinguish between the structure of the model and the assumptions made about independent variables used in the model.)
  2. Do underdeveloped countries face a conflict between the “gains from trade” and the “gains from growth”?
    Discuss critically the arguments which have been advanced for the restriction of imports by developing countries, distinguishing between arguments for across-the-board restrictions and those for restricting the inflow of particular types of commodities.
  3. A country devalues its currency. Show how the price and income adjustment mechanisms respond to affect the balance of payments. Would you normally expect the balance to improve? Is it possible for no net improvement to occur, although the price effect is favorable?
  4. Discuss the elements of the “international liquidity problem.” Would the problem disappear if the United States balance of payments (miraculously) returned to equilibrium? Appraise the extent to which at least two of the proposals for dealing with the liquidity problem would solve the essential elements of that problem, as you see them.
  5. A country forms a customs union with another. Illustrate the following effects for any one traded commodity, using diagrams, and assuming that the world’s and the partner country’s supply functions are perfectly elastic, while the domestic supply and demand functions are neither perfectly elastic nor perfectly inelastic:
    1. Tariff revenue foregone
    2. Transfer from the government to the consumers
    3. Transfer from domestic producers to consumers
    4. Change in consumers’ surplus
    5. Trade creation
    6. Trade diversion
      Briefly, how might the net effect (gain or loss) of the union on the country’s welfare be measured?
  6. Can industrialized countries increase their rates of economic growth by forming customs unions? Appraise the possible gains from faster growth in the setting of Western European economies. Could some of the effects of a customs union hamper growth, either among members or in excluded countries?

Source: Harvard University Archives. Social Sciences. Final Examinations January 1964 (HUC 7000.28, vol. 150).

Image Source: Harvard Square Snowstorm, February 1964. Boston Public Library, Boston Herald-Traveler Photo Morgue Collection. Copy downloaded from the Digital Commonwealth website.

Categories
Business Cycles Distribution Economic History Exam Questions History of Economics Industrial Organization International Economics Johns Hopkins Labor Money and Banking Public Finance Public Utilities Statistics Theory

Johns Hopkins. General Written Exam for Economics PhD. 1956

 

One is struck by the relative weight of the history of economics in this four part (12 hours total) general examination for the PhD degree at Johns Hopkins in 1956. Also interesting to note just how many different areas are touched upon. Plenty of choice, but no place to hide.

________________________

Other General Exams from Johns Hopkins

________________________

GENERAL WRITTEN EXAMINATION FOR THE PH.D DEGREE
DEPARTMENT OF POLITICAL ECONOMY

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

PART I
June 4, 1956, 9-12 a.m.

Answer two questions, one from each group.

Group I.
  1. Write an essay on the theory of capital. It should include a discussion of the place of capital theory in economic analysis: for what purposes, if any, we need such a theory, Do not omit theories or issues which were important in the history of doctrines, even if you should regard them as irrelevant for modern analysis.
  2. Discuss and compare the capital theories of Böhm-Bawerk, Wicksell, and Hayek.
  3. Write an essay on the theory of income distribution. Organize it carefully, as if it were designed for an article in the Encyclopedia of the Social Sciences. Include discussions of alternative theories such as imputation theories, residual theories, surplus value theories, etc.
Group II.
  1. The following statements attempt to show that marginal productivity theory is inconsistent with factual observation. Accepting the stated facts as given, discuss whether they call for the rejection or major modification of the theory. If so, how? If not, why not?
    1. “In the most important industries in the United States wage rates are set by collective bargaining and are largely determined by the bargaining strength of the parties. Marginal productivity of labor is neither calculated nor mentioned in the process.”
    2. “In many industries competition among employers for workers is so limited that most firms are able to pay less than the marginal productivity of labor.”
    3. “Workers in some trades — say, carpenters or bricklayers — work essentially the same way as their predecessors did fifty years ago; yet their real wages have increased greatly, probably not less than in occupations where productivity has improved considerably over the years.”
  2. The determination of first-class and second-class passenger fares for transatlantic ocean transportation involves problems of (a) joint or related cost, (b) related demand, and (c) discriminatory pricing. Discuss first in what ways these three phenomena are involved here; then formulate a research project to obtain the factual information required for an evaluation of the cost relationships and demand relationships prevailing in the case of two-class passenger ships; and finally state the criteria for judging whether the actual rate differential implies conscious discrimination in favor of first-class passengers, conscious discrimination against first-class passengers, wrong calculation and faulty reasoning on the part of the shipping lines, or any other reason which you may propose.

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

PART II
June 4, 1956, 2-5 p.m.

Answer three questions, at least one from each group.

Group I.
  1. There is a running debate on the question whether trade unions are labor monopolies. This debate obviously turns on the meaning of monopoly and on what effects union have had on their members’ wages, output, and conditions of work. Give both sides of the argument.
  2. Write an essay on the demand for labor.
  3. Write down everything you know about the incidence of unemployment among various classes of workers and about the fluctuations of unemployment over time. Discuss some of the problems of developing a workable concept of unemployment. Indicate whether the statistical behavior of unemployment throws any light on its causation.
Group II.
  1. What is a “public utility”? According to accepted regulatory principles, how are the “proper” net earnings of a utility company determined? And, finally, what factors are considered in setting an “appropriate” rate structure?
  2. What is the major purpose of the Sherman Anti-Trust Act of 1890? What are some of the more significant problems in determining what constitutes “restraint of trade”? What tests would you apply? Why?
  3. Analyze the economic effects of a corporate income tax. Be as comprehensive as you can.
  4. What are flexible agricultural price supports? Explain how they are determined and applied. Evaluate their use in the light of reasonable alternatives.

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

PART III
June 5, 1956, 9-12 a.m.

Answer three questions, one from each group.

Group I.
  1. Describe briefly Schumpeter’s theory of economic development, and comment upon the possibility of testing it empirically.
  2. Describe briefly Keynes’ general theory of employment, interest and money; state its assumptions, structure, and conclusions; and evaluate it critically in the light of more recent theoretical and empirical findings.
Group II.
  1. What characteristics of economic cycles would you consider important in a statistical study of business cycles?
  2. In the study of long-term trends, what criteria would you use in constructing index numbers of production?
  3. What measures of economic growth of nations would you us? Consider carefully the various characteristics that you would deem indispensable in measurements of this sort.
Group III.
  1. Give a brief definition, explanation and illustration for each of the following:
    1. variance;
    2. confidence interval;
    3. coefficient of regression;
    4. coefficient of correlation;
    5. coefficient of determination;
    6. regression line.

[Note: Indicate where you have confined yourself to simple, linear correlation.]

  1. Write an essay on statistical inference by means of the following three techniques:
    1. chi square;
    2. analysis of variance;
    3. multiple regression.

Indicate the types of problem in which they are used, and how each type of problem is handled.

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

PART IV
June 5, 1956, 2-5 p.m.

Answer four questions, one from each group.

Group I.
  1. Political arithmetic is a term that is applied to certain writings that appeared from roughly 1675 to 1800. What gave rise to such writings? What were the contributions of the different members of the “group”? Why should Political Arithmetic be given a terminal date?
  2. Discuss Quesnay’s Tableau Économique, Do you see in it anything of significance for the subsequent development of economic theory?
  3. Present arguments for the contention that J. B. Say was far more than “a mere disciple of Adam Smith”.
Group II.
  1. Discuss the relations between the English economic literature of the first half of the 19th century and the events, conditions, and general ideas of that time.
  2. Select three episodes in American economic history, and use your knowledge of economic theory to explain them.
Group III.
  1. Analyze the economic effects of a large Federal debt. Be as comprehensive as you can.
  2. At one time or another each of the following has been proposed as the proper objective or goal of monetary policy: (1) The stabilization of the quantity of money; (2) The maintenance of a constant level of prices; (3) The maintenance of full employment.
    Explain for each policy objective (a) what it means, that is, exactly what in “operational” terms might be maintained or stabilized; (b) how the objective could be achieved, that is, what techniques could be used to achieve it; and (a) the difficulties with or objections to the proposal.
  3. Irving Fisher and others have proposed that all bank be required to hold 100% reserves against their deposits. This was designed to prevent bank failures and, more important, to eliminate the perverse tendency of money to contract in recessions and expand in booms.
    Explain whether the proposal would have the effects claimed for it, and if so, why, and discuss what other effects it might have.
Group IV.
  1. Discuss the “law of comparative advantage” in international trade.
  2. Discuss “currency convertibility”.
  3. Discuss the “transfer problem”.
  4. Discuss the “optimum tariff”.
  5. Discuss the “foreign-trade multiplier”.
  6. Discuss alternative concepts of the “terms of trade”.
  7. Discuss the “effects of devaluation upon the balance of trade”.

*  *  *  *  *  *  *  *  *  *  *  *  *  *  *

Source: Johns Hopkins University. Eisenhower Library. Ferdinand Hamburger, Jr. Archives. Department of Political Economy Series 5/6.  Box No. 6/1. Folder: “Comprehensive Exams for Ph.D. in Political Economy, 1947-1965”.

Image Source: Fritz Machlup in an economics seminar. Evsey Domar visible sitting third from the speaker on his right hand side. Johns Hopkins University Yearbook, Hullabaloo 1956, p. 15.

Categories
Exam Questions Harvard International Economics

Harvard. Enrollment, course description, and final exam for international trade and payments. Sprague, 1904-1905

Puck. 13 March 1901.

At the beginning of the 20th century international economics was covered within a single semester course. Now it is at least a two semester sequence for international trade and international payments, respectively…and one such sequence at the undergraduate and again at the graduate level. The banking specialist, Oliver Mitchell Wentworth Sprague, would have been more interested in the payments part of the course, but the top dog in the department, Frank W. Taussig, left a strong tradition with a focus on real trade theory and commercial policy as can be seen in the exam questions below.

__________________________

Course Enrollment
1904-05

Economics 12a 2hf. Asst. Professor Sprague. — International Trade.

Total 18: 5 Graduates, 7 Seniors, 3 Juniors, 1 Sophomore, 2 Others.

Source: Harvard University. Report of the President of Harvard College, 1904-1905, p. 75.

__________________________

Course Description
1904-05

[Economics] 12a 2hf. International Trade. Half-course (second half-year) Mon., Wed., and (at the pleasure of the instructor) Fri. at 10. Asst. Professor Sprague.

Course 12a begins with a careful study of the theory of international trade, and of the use and significance of bills of exchange. The greater portion of the time will be devoted to an analysis of the foreign trade of the United States and Great Britain in order to distinguish the various factors, permanent and temporary, which determine the growth and direction of international commerce. With this purpose, also, a number of commodities important in foreign trade and produced in more than one country will be studied in detail. Each student will be given special topics for investigation which will familiarize him with sources of current information upon trade matters, such as trade journals, consular, and other government publications. In conclusion, certain topics of a general nature will be considered, among which may be mentioned, foreign investments, the effects of an unfavorable balance of payments under different circumstances, and colonial trade.

Source: Harvard University. Faculty of Arts and Sciences. Division of History and Political Science Comprising the Departments of History and Government and Economics, 1904-05 (May 16, 1904), p. 45.

__________________________

ECONOMICS 12a
Year-end Examination, 1904-05

  1. “The tendency of commerce is to bring about a more equal distribution of industry all the world over, and to give more and more importance to purely geographical conditions.” — Chisholm.
    Explain and illustrate.
  2. The extent to which coal supplies seem to determine the localization of industries in England, in Germany, and in the United States.
  3. Analyze carefully the effects upon the foreign trade of a country of a large increase in its production of gold.
  4. May free trade under any circumstances cause a decline in the population of a country?
  5. Why have commercial treaties proved an ineffective means of securing greater permanent freedom of trade?
  6. Discuss the policy and effects of “dumping.”
  7. The character and significance of the iron and steel exports of the United States.
  8. The purely commercial aspects of shipping subsidies.

Source: Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 7, Bound volume: Examination Papers, 1904-05;  Papers Set for Final Examinations in History, Government, Economics,…,Music in Harvard College (June, 1905), pp. 31-32.

Image Source: “Weighed and Not Wanting.” From Puck (March 13, 1901). Library of Congress Prints and Photographs Division Washington, D.C.

Categories
Exam Questions International Economics Johns Hopkins

Johns Hopkins. International Economics Exams. Balassa, 1968-69.

 

This post is able to match the examination questions to the corresponding reading list for one semester of Bela Balassa’s international trade theory course that he taught at Johns Hopkins in 1968-69. Alas, the archival box did not have the reading list for the second semester, but at least the exam questions for the second semester, also transcribed below, give us a good idea of the main course content during the spring of 1969.

I am also delighted to have found a picture of Bela Balassa to replace the one I had found on a webpage that, as it turns out, happens to be of an entirely different Balassa (see note at the bottom of the post for details). Professor M. Ali Khan of Johns Hopkins tipped me off about the previous picture (used in other posts) not being quite right. 

____________________________

Note: the reading list for the fall semester course was transcribed and posted earlier.

EXAMINATION
INTERNATIONAL ECONOMICS 18.641
Thursday, January 16, 1969

Dr. Balassa

  1. Answer two questions (80 minutes)
    1. Discuss the meaning of the expressions “labor” and “capital” in the Heckscher-Ohlin framework and indicate the implications that the recent interpretations of these concepts have for the theory of international trade.
    2. Analyze the relationship between country size and the commodity composition of exports and imports.
    3. Discuss the applicability of alternative theories of specialization to trade among industrial countries.
  2. Answer two questions (80 minutes)
    1. Examine the usefulness of a general equilibrium approach to trade theory.
    2. Consider the implications of introducing intermediate goods in trade models.
    3. Show the applicability of the theory of duopoly and bilateral monopoly to the theory of tariffs.
  3. Answer one question (40 minutes)
    1. State briefly the Stolper-Samuelson and the Rybczynski theorems and indicate the relationship between the two.
    2. What welfare consequences can be derived from the following results if subscript 2 refers to the after-trade and subscript 1 to the before-trade situation:

ΣP2Q2 < ΣP2Q1

ΣP1Q2 > ΣP1Q1

____________________________

Note: the reading list for the spring semester course was not included in the collection of course outlines for the department of political economy in the Johns Hopkins University archives.

Final Examination
International Trade Theory 18.642
May 21, 1969

Professor Balassa

Give approximately equal time to all questions.

  1. Answer two questions.
    1. It has been customary to consider separately internal and external balance and to examine the effects of the use of various policy instruments on each. How can this be reconciled with Johnson’s proposition that “the balance-of-payments is the difference between aggregate receipts and payments in the domestic economy:”
    2. Reformulate the exchange stability problem if the devaluation is regarded as a transfer.
    3. Indicate the effects of a devaluation on the non-merchandise items of the balance of payments.
  2. Answer two questions.
    1. Examine the welfare implications of alternative means for attaining balance-of-payments equilibrium, including devaluation, restrictions on trade, restrictions on capital movement, and domestic deflation.
    2. Milton Friedman has recently argued that the introduction of the two-tier gold market has placed the world on a dollar standard and thus the United States no longer has a balance-of-payments problem. Similar conclusions have been reached by Depres-Kindleberger-Salant on the grounds that the U.S. plays the role of the world banker. Discuss.
    3. Discuss the implications of fixed and flexible exchange rates for national monetary and fiscal policies under the assumption of perfect capital mobility.

Source: Johns Hopkins University. Eisenhower Library, Ferdinand Hamburger, Jr. Archives. Department of Political Economy Series 6. Box 3; Folder: “Graduate Exams, 1933-1965”.

Image Source: Portrait of Bela Balassa in the Johns Hopkins University Yearbook, Hullabaloo 1976.

 

Categories
Exam Questions Harvard International Economics

Harvard. Enrollment and final exam for international trade and payments. Sprague, 1903-1904

Another of our exports: the American fortune by Samuel D. Ehrhart (1901)

Time (it’s always “time” I suppose) to get back to the feeding of the slowly growing databank of Harvard economics exams with that from the semester course on international trade and payments taught by O.M.W. Sprague during the 1903-04 academic year.

___________________________

Related Posts

___________________________

Course  Enrollment

Economics 12a 2hf. Dr. Sprague. — International Trade and International Payments.

Total 23: 5 Graduates, 6 Seniors, 7 Juniors, 3 Sophomores, 2 Others. 

Source: Harvard University. Report of the President of Harvard College, 1903-1904, p. 67.

___________________________

ECONOMICS 12a
Year-End Examination. 1903-04

  1. Analyze the effects of increasing exports of commodities produced under conditions of diminishing returns upon (a) laborers and capitalists, (b) upon landlords.
  2. What significance do you attach to differences in the per capita amount of foreign trade of different countries?
  3. Sir Robert Griffin’s criticism of the young industries argument.
  4. Does the extension of our export trade to tropical countries, e.g. South America, give promise of as satisfactory results as an equal growth to other parts of the world?
  5. Indicate the more important factors which determine the localization of manufacturing industries. Have these factors the same relative importance that they had fifty years ago?
  6. Analyze the recent course of English exports, indicating the chief tendencies for the future on the assumption of an unchanged fiscal policy.
  7. Do tariff barriers exert a steadying influence upon prices?

Source:  Harvard University Archives. Harvard University, Examination Papers 1873-1915. Box 7, Bound volume: Examination Papers, 1904-05; Papers Set for Final Examinations in History, Government, Economics, … in Harvard College, p. 34.

Image Source: Samuel D. Ehrhart, “Another of our exports; the American fortune”, cover of Puck, Vol. 50, No. 1278 (1901 August 28). Library of Congress Prints and Photographs Division Washington, D.C. 20540 USA.

Categories
Economists International Economics Princeton

Princeton. The Frank D. Graham Memorial Lecturers. 1950-2023

This post is reproduces a table found in the Princeton economics department’s website that lists 69 distinguished economists who were invited by its International Economics Section (formerly known as the International Finance Section) to give the annual Frank D. Graham Memorial Lecture from 1950/51 through 2022/2023. It is quite the who has been or still is who of international economics. Some later post will deal with the historical record of the International Economics Section. For now, one more artifact added to the collection.

____________________________

Frank D. Graham taught at Princeton from 1921 until 1949, and served as the second Walker Professor of Economics and International Finance from 1945 to 1949.  Professor Graham published widely on international trade and international monetary issues. He is perhaps best known for his 1923 paper, “Some Aspects of Protection Further Considered.”  Graham’s contributions to Princeton and to international economics are honored by the Frank D. Graham Memorial Lecture, which is delivered annually by an eminent international economist.

Frank D. Graham Memorial Lecturers
(1950-2023)

1950-1951 Milton Friedman
1951-1952 James E. Meade
1952-1953 Sir Dennis Robertson
1953-1954 Paul A. Samuelson
1955-1956 Gottfried Haberler
1956-1957 Ragnar Nurkse
1957-1958 Albert O. Hirschman
1959-1960 Robert Triffin
1960-1961 Jacob Viner
1961-1962 Don Patinkin
1962-1963 Friedrich A. Lutz
1963-1964 Tibor Scitovsky
1964-1965 Sir John Hicks
1965-1966 Robert A. Mundell
1966-1967 Jagdish N. Bhagwati
1967-1968 Arnold C. Harberger
1968-1969 Harry G. Johnson
1969-1970 Richard N. Cooper
1970-1971 W. Max Corden
1971-1972 Richard E. Caves
1972-1973 Paul A. Volcker
1973-1974 J. Marcus Fleming
1974-1975 Anne O. Krueger
1975-1976 Ronald W. Jones
1976-1977 Ronald I. McKinnon
1977-1978 Charles P. Kindleberger
1978-1979 Bertil Ohlin
1979-1980 Bela Balassa
1980-1981 Marina von Neumann Whitman
1981-1982 Robert E. Baldwin
1983-1984 Stephen Marris
1984-1985 Rudiger Dornbusch
1986-1987 Jacob A. Frenkel
1987-1988 Ronald Findlay
1988-1989 Elhanan Helpman
1988-1989 Michael Bruno
1989-1990 Michael L. Mussa
1990-1991 Toyoo Gyohten
1991-1992 Stanley Fischer
1992-1993 Paul Krugman
1993-1994 Edward E. Leamer
1994-1995 Jeffrey Sachs
1995-1996 Barry Eichengreen
1996-1997 Wilfred J. Ethier
1997-1998 Maurice Obstfeld
1998-1999 Jeffrey A. Frankel
1999-2000 T.N. Srinivasan
2000-2001 Lars Svensson
2001-2002 Jean Tirole
2002–2003 Joseph Stiglitz
2003–2004 Kenneth Rogoff
2004–2005 Guillermo Calvo
2005-2006 Alan Deardorff
2006-2007 Robert E. Lucas, Jr.
2007-2008 Jonathan Eaton
2008-2009 J. Peter Neary
2009-2010 Avinash K. Dixit
2010-2011 Ricardo Caballero
2011-2012 Anthony Venables
2012-2013 Olivier Blanchard
2013-2014 Robert C. Feenstra
2014-2015 Sir Mervyn King
2015-2016 Pascal Lamy
2016-2017 Jaume Ventura
2017-2018 Robert W. Staiger
2018-2019 Samuel Kortum
2020-2021 Andrew Atkeson
2021-2022 Pinelopi (Penny) Koujianou Goldberg
2022-2023 Hélène Rey

Source: Historical list of Graham lecturers posted at the website of the Princeton economics department’s International Economics Section (formerly the International Finance Section). From the copy at the Internet Archive WaybackMachine.