NBER macroeconomics annual

Author(s)

• National Bureau of Economic Research
• Fischer, Stanley
• Blanchard, Olivier (Olivier J.)
• Rotemberg, Julio J.
• Bernanke, Ben
• Rogoff, Kenneth
• Gertler, Mark
• Acemoglu, Daron
• Woodford, Michael
• Parker, Jonathan
• Eichenbaum, Martin
• Hurst, Erik

Bibliographic Information

NBER macroeconomics annual

editor, Stanley Fischer

MIT Press, c1986-

• 1986 : hard
• 1986 : pbk
• 1987 : hard
• 1987 : pbk
• 1988 : hard
• 1988 : pbk
• 1989 : hard
• 1989 : pbk
• 1990 : hard
• 1990 : pbk
• 1991 : hard
• 1991 : pbk
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• 1997 : hard
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• 2002 : hbk
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• 2003 : pbk
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• 2007 : hc
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• 2009 : pbk
• 2009 : hc
• 2010 : hc
• 2010 : pbk
• 2011 : hc
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• 2012 : hc
• 2012 : pbk
• 2013 : hc
• 2014 : hc
• 2015 : hc
• 2016 : hc
• 2017 : hc
• 2018 : hc
• 2019 : pbk

Other Title

Macroeconomics annual

Note

1989- : Editors Olivier Jean Blanchard and Stanley Fischer

1994- : Editors Stanley Fischer and Julio J. Rotemberg

1995- : Editors Ben S. Bernanke and Julio J. Rotemberg

2000- : Editors Ben S. Bernanke and Kenneth Rogoff

2002- : Editors Mark Gertler and Kenneth Rogoff

2006- : Editors Daron Acemoglu and Kenneth Rogoff and Michael Woodford

2007- publisher: Chicago : University of Chicago Press

2011- : Editors Daron Acemoglu and Michael Woodford

2012: Edited by Daron Acemoglu, Jonathan Parker, and Michael Woodford

2013- : Edited by Jonathan A. Parker and Michael Woodford

2015-: Edited by Martin Eichenbaum and Jonathan A. Parker

2019-: Edited by Martin Eichenbaum, Erik Hurst, and Jonathan A. Parker

Description and Table of Contents

Volume

2007 : hc ISBN 9780226002026

Description

"The NBER Macroeconomics Annuals" provide a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy. The papers and accompanying discussions in "NBER Macroeconomics Annual 2007", written by a group of top economists from a variety of fields, address exchange rate models; implications of credit market frictions; cyclical budgetary policy and economic growth; the impacts of shocks to government spending on consumption, real wages, and employment; dynamic macroeconomic models; and, the role of cyclical entry of new firms and products on the nature of business cycle fluctuations and on the effects of monetary policy.

Volume

2008 : hbk ISBN 9780226002040

Description

"The NBER Macroeconomics Annual" provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy. The papers and accompanying discussions in "NBER Macroeconomics Annual 2008", which include contributions from leading economists from a variety of fields, address the timing of labor market expansions, macroeconomic dynamics in the Euro area, public health and the GDP, the role of technological progress in the formation of households, carry trades and currency crises, and new approaches to analyzing monetary policy.

Volume

2009 : hc ISBN 9780226002095

Description

"The NBER Macroeconomics Annual" provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in "NBER Macroeconomics Annual 2009" address leverage cycles and how they can be driven by the interaction of heterogeneous beliefs and equilibrium leverage, the validity of alternative explanations of the recent increase in foreclosures on residential mortgages, the credit rating crisis, quantitative implications for the evolution of the U.S. wage distribution, and noisy business cycles.

Volume

2009 : pbk ISBN 9780226002101

Description

"The NBER Macroeconomics Annual" provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in "NBER Macroeconomics Annual 2009" address leverage cycles and how they can be driven by the interaction of heterogeneous beliefs and equilibrium leverage, the validity of alternative explanations of the recent increase in foreclosures on residential mortgages, the credit rating crisis, quantitative implications for the evolution of the U.S. wage distribution, and noisy business cycles.

Volume

2010 : hc ISBN 9780226002125

Description

"The NBER Macroeconomics Annual" features theoretical and empirical contributions to the study of macroeconomics, addressing central issues within the discipline. These issues range from short-run macroeconomic fluctuations to international economic crises and long-run economic growth. Continuing in this tradition, "NBER Macroeconomics Annual 2010" contains six papers that each tackle an important area in macroeconomics and serve to advance discourse within the field. This volume offers papers that reflect upon a variety of topics, including the recent financial crisis and the response of economists, the causes of economic growth in Europe in the decades following World War II, the sources of product-level price rigidities, and the complex relationship between the US economy and rising oil prices.

Volume

2010 : pbk ISBN 9780226002132

Description

"The NBER Macroeconomics Annual" features theoretical and empirical contributions to the study of macroeconomics, addressing central issues within the discipline. These issues range from short-run macroeconomic fluctuations to international economic crises and long-run economic growth. Continuing in this tradition, "NBER Macroeconomics Annual 2010" contains six papers that each tackle an important area in macroeconomics and serve to advance discourse within the field. This volume offers papers that reflect upon a variety of topics, including the recent financial crisis and the response of economists, the causes of economic growth in Europe in the decades following World War II, the sources of product-level price rigidities, and the complex relationship between the US economy and rising oil prices.

Volume

2011 : hc ISBN 9780226002149

Description

The twenty-sixth volume of the "NBER Macroeconomics Annual" continues a tradition of featuring theoretical and empirical contributions that shed light on issues in contemporary macroeconomics, pushing the frontiers of macroeconomic work in areas ranging from short-run macroeconomic fluctuations to exchange rates, financial regulation, and political economy. This year's volume features several papers that illuminate the causes of the recent financial crisis and consider policies that might reduce the likelihood of similar crises in the future. Topics include analyses of the sources of asset market bubbles and their macroeconomic consequences, the reconsideration of financial regulation and ways in which it could be improved, exchange-rate determination, and the macroeconomic determinants of unemployment.

Volume

2011 : pbk ISBN 9780226002163

Description

The twenty-sixth volume of the "NBER Macroeconomics Annual" continues a tradition of featuring theoretical and empirical contributions that shed light on issues in contemporary macroeconomics, pushing the frontiers of macroeconomic work in areas ranging from short-run macroeconomic fluctuations to exchange rates, financial regulation, and political economy. This year's volume features several papers that illuminate the causes of the recent financial crisis and consider policies that might reduce the likelihood of similar crises in the future. Topics include analyses of the sources of asset market bubbles and their macroeconomic consequences, the reconsideration of financial regulation and ways in which it could be improved, exchange-rate determination, and the macroeconomic determinants of unemployment.

Volume

2012 : hc ISBN 9780226052779

Description

The twenty-seventh volume of the "NBER Macroeconomics Annual" features two papers that illuminate causes of the recent financial crisis: how firms accessed credit during the financial crisis and how changing price and treatment of risk in mortgage lending was measured in the UK in the decades before the crisis. Other papers in this volume include a study of individual prices over time that draws out the implications of observed price adjustment for macroeconomic models of price stickiness, a focus on the implications of microeconomic estimates of labor supply for the determination of employment rates, a look at the empirical validity of the Keynesian view of reasons for employment declines during recessions, and an innovative paper that measures the efficacy of fiscal stimulus by looking at the economic impact of changes in federal highway spending across US states.

Volume

2012 : pbk ISBN 9780226052809

Description

The twenty-seventh volume of the "NBER Macroeconomics Annual" features two papers that illuminate causes of the recent financial crisis: how firms accessed credit during the financial crisis and how changing price and treatment of risk in mortgage lending was measured in the UK in the decades before the crisis. Other papers in this volume include a study of individual prices over time that draws out the implications of observed price adjustment for macroeconomic models of price stickiness, a focus on the implications of microeconomic estimates of labor supply for the determination of employment rates, a look at the empirical validity of the Keynesian view of reasons for employment declines during recessions, and an innovative paper that measures the efficacy of fiscal stimulus by looking at the economic impact of changes in federal highway spending across US states.

Volume

2013 : hc ISBN 9780226165400

Description

The first two papers in this issue tackle fiscal and monetary policy, asking how interest rates and inflation can remain low despite fiscal policy behavior that appears inconsistent with a monetary policy regime focused only on inflation and output and not on fiscal balances. The third examines the implications of reference-dependent preferences and moral hazard in employment fluctuations in the labor market. The fourth paper analyzes the long-run inflation rate, the coexistence of money with pledgeable and money-like assets, and why inflation did not increase in response to business-cycle fluctuations in productivity. And the fifth looks at the stock market and how it relates to the real economy. The final chapter discusses the large and public shift towards more expansionary monetary policy that has recently occurred in Japan.

Volume

2014 : hc ISBN 9780226268736

Description

The twenty-ninth edition of the NBER Macroeconomics Annual continues its tradition of featuring theoretical and empirical research on central issues in contemporary macroeconomics. Two papers in this year's issue deal with recent economic performance: one analyzes the evolution of aggregate productivity before, during, and after the Great Recession, and the other characterizes the factors that have contributed to slow economic growth following the Great Recession. Another pair of papers tackles the role of information in business cycles. Other contributions address how assumptions about sluggish nominal price adjustment affect the consequences of different monetary policy rules and the role of business cycles in the long-run decline in the share of employment in middle-wage jobs. The final chapter discusses the advantages and disadvantages of the elimination of physical currency.

Volume

2015 : hc ISBN 9780226395609

Description

This year, the NBER Macroeconomics Annual celebrates its thirtieth volume. The first two papers examine China's macroeconomic development. "Trends and Cycles in China's Macroeconomy" by Chun Chang, Kaiji Chen, Daniel F. Waggoner, and Tao Zha outlines the key characteristics of growth and business cycles in China. "Demystifying the Chinese Housing Boom" by Hanming Fang, Quanlin Gu, Wei Xiong, and Li-An Zhou constructs a new house price index, showing that Chinese house prices have grown by ten percent per year over the past decade. The third paper, "External and Public Debt Crises" by Cristina Arellano, Andrew Atkeson, and Mark Wright, asks why there appear to be large differences across countries and subnational jurisdictions in the effect of rising public debts on economic outcomes. The fourth, "Networks and the Macroeconomy: An Empirical Exploration" by Daron Acemoglu, Ufuk Akcigit, and William Kerr, explains how the network structure of the US economy propagates the effect of gross output productivity shocks across upstream and downstream sectors. The fifth and sixth papers investigate the usefulness of surveys of household's beliefs for understanding economic phenomena. "Expectations and Investment," by Nicola Gennaioli, Yueran Ma, and Andrei Shleifer, demonstrates that a chief financial officer's expectations of a firm's future earnings growth is related to both the planned and actual future investment of that firm. "Declining Desire to Work and Downward Trends in Unemployment and Participation" by Regis Barnichon and Andrew Figura shows that an increasing number of prime-age Americans who are not in the labor force report no desire to work and that this decline accelerated during the second half of the 1990s.

Volume

2016 : hc ISBN 9780226490199

Description

The thirty-first edition of the NBER Macroeconomics Annual features theoretical and empirical research on central issues in contemporary macroeconomics. The first two papers are rigorous and data-driven analyses of the European financial crisis. The third paper introduces a new set of facts about economic growth and financial ratios as well as a new macrofinancial database for the study of historical financial booms and busts. The fourth paper studies the historical effects of Federal Reserve efforts to provide guidance about the future path of the funds rate. The fifth paper explores the distinctions between models of price setting and associated nominal frictions using data on price setting behavior. The sixth paper considers the possibility that the economy displays nonlinear dynamics that lead to cycles rather than long-term convergence to a steady state. The volume also includes a short paper on the decline in the rate of global economic growth.

Volume

2017 : hc ISBN 9780226577661

Description

Volume 32 of the NBER Macroeconomics Annual features six theoretical and empirical studies of important issues in contemporary macroeconomics, and a keynote address by former IMF chief economist Olivier Blanchard. In one study, SeHyoun Ahn, Greg Kaplan, Benjamin Moll, Thomas Winberry, and Christian Wolf examine the dynamics of consumption expenditures in non-representative-agent macroeconomic models. In another, John Cochrane asks which macro models most naturally explain the post-financial-crisis macroeconomic environment, which is characterized by the co-existence of low and nonvolatile inflation rates, near-zero short-term interest rates, and an explosion in monetary aggregates. Manuel Adelino, Antoinette Schoar, and Felipe Severino examine the causes of the lending boom that precipitated the recent U.S. financial crisis and Great Recession. Steven Durlauf and Ananth Seshadri investigate whether increases in income inequality cause lower levels of economic mobility and opportunity. Charles Manski explores the formation of expectations, considering the efficacy of directly measuring beliefs through surveys as an alternative to making the assumption of rational expectations. In the final research paper, Efraim Benmelech and Nittai Bergman analyze the sharp declines in debt issuance and the evaporation of market liquidity that coincide with most financial crises. Blanchard's keynote address discusses which distortions are central to understanding short-run macroeconomic fluctuations.

Volume

2018 : hc ISBN 9780226645728

Description

This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes "factorless income," output that is not measured as capital or labor income. Next, a study argues that the financial crisis increased the perceived risk of a very bad economic and financial outcome, and explores the propagation of large, rare shocks. The next paper documents the substantial recent changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000. The last paper analyzes the dynamic macroeconomic effects of border adjustment taxes.

Volume

2019 : pbk ISBN 9780226707891

Description

The thirty-fourth volume of the NBER Macroeconomics Annual features theoretical and empirical studies of issues in contemporary macroeconomics and a keynote address by James Stock, a member of President Obama's Council of Economic Advisers from 2013 to 2014. Chong-en Bai, Chang-Tai Hsieh, and Zheng Song examine the "special deals" provided by Chinese local governments to favored private firms and their effects on economic growth. Matias Covarrubias, German Gutierrez, and Thomas Philippon study the evolution of profits, investment, and market shares in US industries over the past forty years and find evidence of inefficient concentration and barriers to entry since 2000. David Debortoli, Jordi Gali, and Luca Gambetti assess whether recent economic performance was affected by a binding zero lower bound constraint on the interest rate. Michael McLeay and Silvana Tenreyro explain why it is difficult to empirically identify the Phillips curve (a key element of the policy framework used by central banks) using aggregate data. The authors suggest using regional variation in unemployment and inflation to estimate the relationship between these variables. Margherita Borella, Mariacristina De Nardi, and Fang Yang examine the effects of shorter life expectancies, higher medical expenses, and lower wages for white, non-college-educated Americans born in the 1960s on labor supply and retirement savings. Nir Jaimovich, Sergio Rebelo, Arlene Wong, and Miao Ben Zhang investigate the role that increases in the quality of the goods consumed ("trading up") played in the rise of the skill premium that occurred in the last four decades.

Volume

2006 : hbk ISBN 9780262012393

Description

Discussions of questions at the cutting edge of macroeconomics that are central to contemporary policy debates, analyzing both current macroeconomic issues and recent theoretical advances. This 21st edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The first four papers and discussions focus on such current macroeconomic issues as how structural-vector-autoregressions help identify sources of business cycle fluctuations and the evolution of U.S. macroeconomic policies. The last two papers analyze theoretical developments in optimal taxation policy and equilibrium yield curves.

Volume

1990 : hard ISBN 9780262023122

Description

This is the fifth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContributorsRicardo Caballero, Guiseppe Bertola, Andrew Caplin, Robert Hall, Gur Ofer, Abram Bergson, Martin Weitzman, Francesco Giavazzi, Marco Pagano, Allan Drazen, Martin Feldstein, Steven Davis, John Haltiwanger, Katharine Abraham, Robert Townsend, Mark Bils, Andrew Oswald, Gary Hansen, Robert Barro, Xavier Sala i Martin, William Brainard, Robert Lucas

Volume

1991 : hard ISBN 9780262023351

Description

This is the sixth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsPitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots, John Y. Campbell and Pierre Perron * Markups and the Business Cycle, Julio Rotemberg and Michael Woodford * Privatization in Eastern Europe: Incentives and the Economics of Transition, Jean Tirole * The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S. Rogoff * Growth, Macroeconomics, and Development, Stanley S. Fischer * Recessions as Reorganizations, Robert E. Hall

Table of Contents

• Labour demand, labour supply, and employment volatility, Robert E. Hall
• comments, Martin Neil Baily and Lawrence H. Summers
• markups and the business cycle, Julio J. Rotemberg and Michael Woodford
• comments, N. Gregory Mankiw and Valerie A. Ramey
• pitfalls and opportunities - what macroeconomists should know about unit roots, John Y. Campbell and Pierre Perron
• comments, John H. Cochrane and Jeffrey A. Miron
• privatization in Eastern Europe - incentives and the economics of transition, Jean Tirole
• comments, Alan Gelb and Robert W. Vishny
• the ems, the emu, and the transition to a common currency, Kenneth A. Froot and Kenneth Rogoff
• comments, Rudiger Dornbusch and Nobuhiro Kiyotaki
• growth, macroeconomics, and development, Stanley Fischer
• comments, Anne O. Krueger and Xavier Sala-i-Martin.

Volume

1992 : hard ISBN 9780262023481

Description

The seventh in a series of annuals from the National Bureau of Economic Research designed to stimulate research on problems in applied economics, bring theoretical developments to a wider audience and to accelerate the interaction between analytical and empirical research in macroeconomics.

Table of Contents

• A tale of two cities - factor accumulation and technical change in Hong Kong and Singapore, Alwyn Young
• the debt crisis - a postmortem, Daniel Cohen
• asset pricing explorations for macroeconomics, Lars P. Hansen and John H. Cochrane
• central bank behaviour and the strategy of monetary policy - observations from six industrialized countries, Ben Bernanke and Frederic Mishkin
• cross-country patterns of change in relative wages, Steven J. Davis.

Volume

1993 : hard ISBN 9780262023641

Description

This is the eighth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsU.S. Commercial Banking: Trends, Cycles, and Policy, John Boyd and Mark Gertler * The Effects of Government Purchases: Theory and Evidence, Anton Braun and Ellen McGrattan * Macroeconomic Growth with Microeconomic Empirics, Ricardo Caballero and Adam Jaffe * The Chinese and East European Routes to Reform, Alan Gelb, Gary Jefferson, and Inderjit Singh * Waiting and the Option to Invest: Theory and Evidence, Robert Pindyck and Andres Solimano * Unemployment in Europe, Gilles Saint Paul

Volume

1995 : hard ISBN 9780262023948

Description

ContentsWage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe Bertola and Andreas Ichino * Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo * Banks and Derivatives, Gary Gorton and Richard Rosen * Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh * Inflation Indicators and Inflation Policy, Stephen Cecchetti * Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh * Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen * The Unending Quest for Monetary Salvation, Stanley Fischer

Volume

1996 : hard ISBN 9780262024143

Description

This is the eleventh volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend, and apply frontier work in macroeconomics, and to encourage and stimulate work by macroeconomists on current policy issues. These contributions offer a good sample of the current issues and exciting research directions in macroeconomics.ContentsCredit, Business Investment, and Output Fluctuations in Japan, Nobuhiro Kiyotaki and Kenneth D. West * Causes and Consequences of Imperfections in the Consumer Price Index, Matthew D. Shapiro and David Wilcox * A Scorecard for Indexed Government Debt, John Y. Campbell and Robert J. Shiller * Technology Improvements and Productivity Slowdowns: Another Crazy Explanation, Andreas Hornstein and Per Krusell * Are Currency Crises Self-Fulfilling?, Paul Krugman * Inequity and Growth, Roland Benabou

Table of Contents

• Editorial: Ben Bernanke, Julio Rotemberg. Abstracts, Inequality and growth, Roland Benabou
• comments, Roberto Perotti, Jose-Victor Rios-Rull
• discussion. mismeasurement in the consumer price index - an evaluation, Matthew D. Shapiro, David W. Wilcox
• comments, John S. Greelees, Zvi Griliches
• discussion. A scorecard for indexed government debt, John Y. Campbell, Robert J. Shiller
• comments, Stanley Fischer, Deborah Lucas
• discussion. Can technology improvements cause productivity slowdowns? Andreas Hornstein, Per Krusell
• comments, Robert J. Gordon, Valerie A. Ramey
• discussion. Business fixed investment and the recent business cycle in Japan, Nobuhiro Kiyotaki, Kenneth D. west
• comments, Jonas D.M. Fisher, David Scharfstein
• discussion. Are currency crises self-fulfilling? Paul Krugman
• comments, Timothy J. Kehoe et al
• discussion.

Volume

1997 : hard ISBN 9780262024358

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.ContributorsChristopher Carroll, Wendy Dunn, Martin Feldstein, Michael Gavin, Martin Goodfriend, Robert King, Peter Klenow, Roberto Perotti, Andres Rodriguez, Julio Rotemberg, Andrew Samwick, Michael Woodford

Volume

1998 : hard ISBN 9780262024556

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• Why is the US unemployment rate so much lower?, Robert Shimer
• substitution over time - another look at life cycle labour supply, Casey B. Mulligan
• exchange rates, job creation, job destruction, Pierre-Olivier Gourinchas
• investment - fundamentals and finance, Simon Gilchrist and Charles Himmelberg
• what do technology shocks do?, John Shea
• a cashless view of US inflation, John Cochrane.

Volume

1999 : hard ISBN 9780262024761

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion. The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• Liquidity crises in emerging markets - theory and policy, Roberto Chang and Andres Velasco
• the IMF approach to economic stabilization, Michael Mussa and Miguel Savastano
• the Japanese banking crisis - where did it come from and how will it end?, Takeo Hoshi and Anil Kashyap
• stock prices and fundamentals, John Heaton and Deborah Lucas
• labour market policies in an equilibrium search model, Fernando Alvarez and Marcelo Veracierto
• spendthrift in America? on two decades of decline in the US saving rate, Jonathan A. Parker.

Volume

2000 : hard ISBN 9780262025034

Description

The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• How large are human capital externalities? evidence from compulsory schooling laws, Daron Acemoglu and Joshua Angrist
• the political business cycle after 25 years, Allan Drazen
• rethinking multiple equilibria in macroeconomic modelling, Steven Morris and Hyun Shinn
• re-examining the contribution of money and banking shocks to the U.S. Great Depression, Hal Cole and Lee Ohanian
• trade policy and economic growth - a skeptic's guide to the cross-national evidence, Francisco Rodriguez and Dani Rodrik
• the six major puzzles in international macroeconomics - is there a common cause ?, Maurice Obstfeld and Kenneth Rogoff.

Volume

2001 : hard ISBN 9780262025201

Description

The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Volume

1986 : hard ISBN 9780262061056

Description

This is the first issue of a new Annual from the National Bureau of Economic Research. The Annual is designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.Macroeconomics is becoming increasingly sophisticated and, at the same time, increasingly remote from current issues. As the profession loses touch with these issues, however, both it and economic policy suffer. Macroeconomics divorced from policy lacks vitality, and policy loses from the lack of serious, objective analysis.Contents: Hysteresis and the European Unemployment Problem, Olivier Blanchard (MIT) and Lawrence Summers (Harvard); comments by John Kennan and Robert Hall. Efficiericy Wage Theories: A Partial Evaluation, Lawrence Katz (Berkeley); comments by Lawrence Weiss and Joseph Altonji. The Budget Deficit and the Dollar, Martin Feldstein (Harvard); comments by Alan Stockman and Rudiger Dombusch. Why is Japan's Saving Rate So Apparently High? Fumio Hayashi (Osaka); comments by Albert Ando and Paul Roemer. Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles? Martin Eichenbaum and Kenneth Singleton (Carnegie-Mellon); comments by Robert Barro and N. Gregory Mankiw. Macroeconomic implication of Profit-Sharing, Martin Weitzman (MIT); comments by Alan Blinder and Russell Cooper.Stanley Fischer is Professor of Economics at MIT.

Volume

1987 : hard ISBN 9780262061100

Description

This is the second in a new series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsRicardian Equivalence, Douglas Bernheim (Stanford and NBER); comments by Marjorie Flavin and Charles Plosser * Success Stories of Economic Development, Kemal Dervis (The World Bank) and Peter Petri (Brandeis); comments by Arnold Harberger and Miguel Urrutia * Exchange Rate Dynamics, Jeffrey Frankel (University of California, Berkeley and NBER), Richard Meese (University of California, Berkeley); comments by Robert Flood and Patrick Minford * The U.S. Productivity Slowdown, Paul Romer (University of Rochester); comments by Ben Bernanke and Martin Baily * The New Keynesian Microfoundations, Julio Rotemberg (MIT and NBER); comments by N. Gregory Mankiw and Robert King * Why is the U.S. Unemployment Rate So High? Robert Topel (University of Chicago and NBER); comments by William Dickens and David Lilien * Methods and Ideas in the Development of Macroeconomics, Lawrence Summers (Harvard and NBER); comments by Alan Blinder, Lars Hansen and Robert Hall

Volume

1988 : hard ISBN 9780262061193

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.This is the third in a new series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.Contributions to this 1988 edition include: Macroeconomics and Politics, by Alberto F. Alesina. The Japanese Current Account and U.S.-Japan Trade Problems, by Kazuo Ueda. Alternative Interpretations of Employment and Real Wage Variations, by John F. Kennan. What Does Black Monday Tell Us About the Economy and Economics? by Fischer Black, Albert S. Kyle, and Robert J. Shiller. What Are the Costs of Excessive Deficits? by David H. Romer Sources of Business Cycle Fluctuations, by Matthew D. Shapiro and Mark W. Watson.Stanley Fischer is Vice President of Development Economics and Chief Economist at the World Bank.

Volume

1994 : hard ISBN 9780262061728

Description

This is the ninth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsOn the Speed of Transition in Eastern Europe, Philippe Aghion and Olivier Jean Blanchard * The Costs of Business Cycles with Incomplete Markets, Andrew Atkeson and Christopher Phelan * The U.S. Fiscal Problem: Where We Are, How We Got Here and Where We Are Going, Alan Auerbach * The East Asian Miracle Economies, John Page * What Ends Recessions? Christina Romer and David Romer * Toward a Modern Macroeconomic Model Usable for Policy Analysis, Christopher Sims and Eric Leeper

Volume

2002 : hbk ISBN 9780262072465

Description

This annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper is followed by comments and discussions.

Table of Contents

Nancy L. Stokey "Rules versus Discretion" after Twenty-Five Years (comments by Peter N. Ireland and Lars E. O. Svensson) Aart Kraay and Jaume Ventura Current Accounts in the Long and Short Run (comments by Fabrizio Perri and Eric van Wincoop) J. Bradford DeLong Productivity Growth in the 2000s (comments by Susanto Basu and Boyan Jovanovic) James H. Stock and Mark W. Watson Has the Business Cycle Changed, and Why? (comments by Jordi Gali and Robert E. Hall) Charles Engel Expenditure Switching and Exchange Rate Policy (comments by Karen K. Lewis and Pierre-Olivier Gourinchas) Alberto Alesina, Robert J. Barro, and Silvana Tenreyro Optimal Currency Areas (comments by Rudiger Dornbusch and Andrew K. Rose)

Volume

2003 : hbk ISBN 9780262072533

Description

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.

Volume

2004 : hbk ISBN 9780262072632

Description

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers addressed to a broad audience of public policymakers as well as to the academic community. Each paper is followed by comments and discussion to give a more complete context for the views expressed. The 2004 edition features a range of papers aimed at providing coherent and informative answers to such important questions as the effect of federal government debt on interest rates; the stochastic dimension of the American economy; the role of technology as a source of economic fluctuations; and the interaction of capital flows, fiscal policy, and monetary policies in developing countries, emerging markets, and OECD countries.

Table of Contents

• Graziela L. Kaminsky, Carmen M. Reinhart, and Carlos A. Vegh
• When It Rains It Pours: Procyclical Capital Flows and Macroeconomic Policies
• (comments by Gita Gopinath and Roberto Rigobon)
• Eric M. Engen and R. Glenn Hubbard
• Federal Government Debt and Interest Rates
• (comments by Jonathan A. Parker and Matthew D. Shapiro)
• Domenico Giannone, Lucrezia Reichlin, and Luca Sala
• Monetary Policy in Real Time
• (comments by Harald Uhlig and Mark W. Watson)
• Jordi Gali and Pau Rabanal
• Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Date? (comments by Ellen R. McGrattan and Valerie Ramey)
• David K. Backus, Bryan R. Routledge, and Stanley E. Zin
• Exotic Preferences for Macroeconomics
• (comments by Lars Peter Hansen and Ivan Werning)
• Paul Gomme, Richard Rogerson, Peter Rupert, and Randall Wright
• The Business Cycle and the Life Cycle
• (comments by Eva Nagypal and Robert Shimer)

Volume

2005 : hbk ISBN 9780262072724

Description

This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuations in the hiring rate of new workers and the U.S. unemployment rate; an analysis of the 20-year decline in aggregate volatility (and the rise in firm volatility); a model that compares the effectiveness of monetary policy that targets inflation rates to one that targets simple wage inflation; a roadmap to using Bayesian approaches in solving empirical puzzles; and a microeconomic model that shows the desirability of maintaining a stable inflation rate even in isolated situations that would seem to call for a more flexible policy toward inflation.

Volume

2006 : pbk ISBN 9780262512008

Description

Discussions of questions at the cutting edge of macroeconomics that are central to contemporary policy debates, analyzing both current macroeconomic issues and recent theoretical advances. This 21st edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The first four papers and discussions focus on such current macroeconomic issues as how structural-vector-autoregressions help identify sources of business cycle fluctuations and the evolution of U.S. macroeconomic policies. The last two papers analyze theoretical developments in optimal taxation policy and equilibrium yield curves.

Volume

1989 : pbk ISBN 9780262521451

Description

This is the fourth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics. Contents: The Monetary History After Twenty-Five Years: New Evidence on the Money-Output Relationship, Christina Romer and David Romer Restrictions on Financial Intermediaries and Implecations for Aggregate Fluctuations: Canada and the U.S., 1870-1908, Stephen Williamson The Thatcher "Miracle", Charles Bean with Jim Symons The Revised NBER Indexes of Coincident and Leading Economic Indicators, James Stock and Mark Watson Consumption, Income, and Interest Rates: The Euler Equation Approach Ten Years Later, John Campbell and N. Gregory Mankiw U.S. Earnings and Income Inequality: Recent Trends, Frank Levy Business Cycle Models with Increasing Returns, Kevin Murphy, Andrei Shleifer, and Robert Vishny

Volume

1990 : pbk ISBN 9780262521550

Description

This is the fifth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics. Contributors Ricardo Caballero, Guiseppe Bertola, Andrew Caplin, Robert Hall, Gur Ofer, Abram Bergson, Martin Weitzman, Francesco Giavazzi, Marco Pagano, Allan Drazen, Martin Feldstein, Steven Davis, John Haltiwanger, Katharine Abraham, Robert Townsend, Mark Bils, Andrew Oswald, Gary Hansen, Robert Barro, Xavier Sala i Martin, William Brainard, Robert Lucas

Volume

1991 : pbk ISBN 9780262521659

Description

This is the sixth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics. Contents Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots, John Y. Campbell and Pierre Perron * Markups and the Business Cycle, Julio Rotemberg and Michael Woodford * Privatization in Eastern Europe: Incentives and the Economics of Transition, Jean Tirole * The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S. Rogoff * Growth, Macroeconomics, and Development, Stanley S. Fischer * Recessions as Reorganizations, Robert E. Hall

Table of Contents

• Labour demand, labour supply, and employment volatility, Robert E. Hall
• comments, Martin Neil Baily and Lawrence H. Summers
• markups and the business cycle, Julio J. Rotemberg and Michael Woodford
• comments, N. Gregory Mankiw and Valerie A. Ramey
• pitfalls and opportunities - what macroeconomists should know about unit roots, John Y. Campbell and Pierre Perron
• comments, John H. Cochrane and Jeffrey A. Miron
• privatization in Eastern Europe - incentives and the economics of transition, Jean Tirole
• comments, Alan Gelb and Robert W. Vishny
• the ems, the emu, and the transition to a common currency, Kenneth A. Froot and Kenneth Rogoff
• comments, Rudiger Dornbusch and Nobuhiro Kiyotaki
• growth, macroeconomics, and development, Stanley Fischer
• comments, Anne O. Krueger and Xavier Sala-i-Martin.

Volume

1992 : pbk ISBN 9780262521741

Description

This is the seventh in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics. Contents What Shall We Do Today? Goals and Signposts in the Operation of Monetary Policy, Ben S. Bernanke and Frederic S. Mishkin * A Tale of Two Cities: Factor Accumulation and Technical Change in Hong Kong and Singapore, Alwyn Young * International Trade and the Wage Structure, Steven J. Davis * Imperfect Information and Macroeconomic Analysis, Joseph E. Stiglitz and Bruce Greenwald * Asset Pricing Lessons for Macroeconomics, Lars P. Hansen and John H. Cochrane * Postmortem on the Debt Crisis, Daniel Cohen

Table of Contents

• A tale of two cities - factor accumulation and technical change in Hong Kong and Singapore, Alwyn Young
• the debt crisis - a postmortem, Daniel Cohen
• asset pricing explorations for macroeconomics, Lars P. Hansen and John H. Cochrane
• central bank behaviour and the strategy of monetary policy - observations from six industrialized countries, Ben Bernanke and Frederic Mishkin
• cross-country patterns of change in relative wages, Steven J. Davis.

Volume

1993 : pbk ISBN 9780262521840

Description

This is the eighth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsU.S. Commercial Banking: Trends, Cycles, and Policy, John Boyd and Mark Gertler * The Effects of Government Purchases: Theory and Evidence, Anton Braun and Ellen McGrattan * Macroeconomic Growth with Microeconomic Empirics, Ricardo Caballero and Adam Jaffe * The Chinese and East European Routes to Reform, Alan Gelb, Gary Jefferson, and Inderjit Singh * Waiting and the Option to Invest: Theory and Evidence, Robert Pindyck and Andres Solimano * Unemployment in Europe, Gilles Saint Paul

Volume

1995 : pbk ISBN 9780262522052

Description

Contents Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe Bertola and Andreas Ichino * Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo * Banks and Derivatives, Gary Gorton and Richard Rosen * Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh * Inflation Indicators and Inflation Policy, Stephen Cecchetti * Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh * Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen * The Unending Quest for Monetary Salvation, Stanley Fischer

Volume

1996 : pbk ISBN 9780262522229

Description

This is the eleventh volume in a series of annuals from the National Bureau of Economic Research that are designed to present, extend, and apply frontier work in macroeconomics, and to encourage and stimulate work by macroeconomists on current policy issues. These contributions offer a good sample of the current issues and exciting research directions in macroeconomics.ContentsCredit, Business Investment, and Output Fluctuations in Japan, Nobuhiro Kiyotaki and Kenneth D. West * Causes and Consequences of Imperfections in the Consumer Price Index, Matthew D. Shapiro and David Wilcox * A Scorecard for Indexed Government Debt, John Y. Campbell and Robert J. Shiller * Technology Improvements and Productivity Slowdowns: Another Crazy Explanation, Andreas Hornstein and Per Krusell * Are Currency Crises Self-Fulfilling?, Paul Krugman * Inequity and Growth, Roland Benabou

Table of Contents

• Editorial: Ben Bernanke, Julio Rotemberg. Abstracts, Inequality and growth, Roland Benabou
• comments, Roberto Perotti, Jose-Victor Rios-Rull
• discussion. mismeasurement in the consumer price index - an evaluation, Matthew D. Shapiro, David W. Wilcox
• comments, John S. Greelees, Zvi Griliches
• discussion. A scorecard for indexed government debt, John Y. Campbell, Robert J. Shiller
• comments, Stanley Fischer, Deborah Lucas
• discussion. Can technology improvements cause productivity slowdowns? Andreas Hornstein, Per Krusell
• comments, Robert J. Gordon, Valerie A. Ramey
• discussion. Business fixed investment and the recent business cycle in Japan, Nobuhiro Kiyotaki, Kenneth D. west
• comments, Jonas D.M. Fisher, David Scharfstein
• discussion. Are currency crises self-fulfilling? Paul Krugman
• comments, Timothy J. Kehoe et al
• discussion.

Volume

1997 : pbk ISBN 9780262522427

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.ContributorsChristopher Carroll, Wendy Dunn, Martin Feldstein, Michael Gavin, Martin Goodfriend, Robert King, Peter Klenow, Roberto Perotti, Andres Rodriguez, Julio Rotemberg, Andrew Samwick, Michael Woodford

Volume

1998 : pbk ISBN 9780262522564

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• Why is the US unemployment rate so much lower?, Robert Shimer
• substitution over time - another look at life cycle labour supply, Casey B. Mulligan
• exchange rates, job creation, job destruction, Pierre-Olivier Gourinchas
• investment - fundamentals and finance, Simon Gilchrist and Charles Himmelberg
• what do technology shocks do?, John Shea
• a cashless view of US inflation, John Cochrane.

Volume

1999 : pbk ISBN 9780262522717

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion. The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• Liquidity crises in emerging markets - theory and policy, Roberto Chang and Andres Velasco
• the IMF approach to economic stabilization, Michael Mussa and Miguel Savastano
• the Japanese banking crisis - where did it come from and how will it end?, Takeo Hoshi and Anil Kashyap
• stock prices and fundamentals, John Heaton and Deborah Lucas
• labour market policies in an equilibrium search model, Fernando Alvarez and Marcelo Veracierto
• spendthrift in America? on two decades of decline in the US saving rate, Jonathan A. Parker.

Volume

2000 : pbk ISBN 9780262523141

Description

The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

• How large are human capital externalities? evidence from compulsory schooling laws, Daron Acemoglu and Joshua Angrist
• the political business cycle after 25 years, Allan Drazen
• rethinking multiple equilibria in macroeconomic modelling, Steven Morris and Hyun Shinn
• re-examining the contribution of money and banking shocks to the U.S. Great Depression, Hal Cole and Lee Ohanian
• trade policy and economic growth - a skeptic's guide to the cross-national evidence, Francisco Rodriguez and Dani Rodrik
• the six major puzzles in international macroeconomics - is there a common cause ?, Maurice Obstfeld and Kenneth Rogoff.

Volume

2001 : pbk ISBN 9780262523233

Description

The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Volume

1986 : pbk ISBN 9780262560375

Description

This is the first issue of a new Annual from the National Bureau of Economic Research. The Annual is designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.Macroeconomics is becoming increasingly sophisticated and, at the same time, increasingly remote from current issues. As the profession loses touch with these issues, however, both it and economic policy suffer. Macroeconomics divorced from policy lacks vitality, and policy loses from the lack of serious, objective analysis.Contents: Hysteresis and the European Unemployment Problem, Olivier Blanchard (MIT) and Lawrence Summers (Harvard); comments by John Kennan and Robert Hall. Efficiericy Wage Theories: A Partial Evaluation, Lawrence Katz (Berkeley); comments by Lawrence Weiss and Joseph Altonji. The Budget Deficit and the Dollar, Martin Feldstein (Harvard); comments by Alan Stockman and Rudiger Dombusch. Why is Japan's Saving Rate So Apparently High? Fumio Hayashi (Osaka); comments by Albert Ando and Paul Roemer. Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles? Martin Eichenbaum and Kenneth Singleton (Carnegie-Mellon); comments by Robert Barro and N. Gregory Mankiw. Macroeconomic implication of Profit-Sharing, Martin Weitzman (MIT); comments by Alan Blinder and Russell Cooper.Stanley Fischer is Professor of Economics at MIT.

Volume

1988 : pbk ISBN 9780262560450

Description

The goals of the annual NBER Macroeconomics Conference are to present, extend, and apply frontier work in macroeconomics and to stimulate work by macroeconomists in policy issues. Each paper in the Annual is followed by comments and discussion.This is the third in a new series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.Contributions to this 1988 edition include: Macroeconomics and Politics, by Alberto F. Alesina. The Japanese Current Account and U.S.-Japan Trade Problems, by Kazuo Ueda. Alternative Interpretations of Employment and Real Wage Variations, by John F. Kennan. What Does Black Monday Tell Us About the Economy and Economics? by Fischer Black, Albert S. Kyle, and Robert J. Shiller. What Are the Costs of Excessive Deficits? by David H. Romer Sources of Business Cycle Fluctuations, by Matthew D. Shapiro and Mark W. Watson.Stanley Fischer is Vice President of Development Economics and Chief Economist at the World Bank.

Volume

1994 : pbk ISBN 9780262560801

Description

This is the ninth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.ContentsOn the Speed of Transition in Eastern Europe, Philippe Aghion and Olivier Jean Blanchard * The Costs of Business Cycles with Incomplete Markets, Andrew Atkeson and Christopher Phelan * The U.S. Fiscal Problem: Where We Are, How We Got Here and Where We Are Going, Alan Auerbach * The East Asian Miracle Economies, John Page * What Ends Recessions? Christina Romer and David Romer * Toward a Modern Macroeconomic Model Usable for Policy Analysis, Christopher Sims and Eric Leeper

Volume

2002 : pbk ISBN 9780262571739

Description

The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and stimulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

Table of Contents

Nancy L. Stokey "Rules versus Discretion" after Twenty-Five Years (comments by Peter N. Ireland and Lars E. O. Svensson) Aart Kraay and Jaume Ventura Current Accounts in the Long and Short Run (comments by Fabrizio Perri and Eric van Wincoop) J. Bradford DeLong Productivity Growth in the 2000s (comments by Susanto Basu and Boyan Jovanovic) James H. Stock and Mark W. Watson Has the Business Cycle Changed, and Why? (comments by Jordi Gali and Robert E. Hall) Charles Engel Expenditure Switching and Exchange Rate Policy (comments by Karen K. Lewis and Pierre-Olivier Gourinchas) Alberto Alesina, Robert J. Barro, and Silvana Tenreyro Optimal Currency Areas (comments by Rudiger Dornbusch and Andrew K. Rose)

Volume

2003 : pbk ISBN 9780262572217

Description

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers to an audience of public policymakers and the academic community. Each commissioned paper is followed by comments and discussion. This year's edition provides a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.

Volume

2004 : pbk ISBN 9780262572293

Description

The NBER Macroeconomics Annual presents pioneering work in macroeconomics by leading academic researchers addressed to a broad audience of public policymakers as well as to the academic community. Each paper is followed by comments and discussion to give a more complete context for the views expressed. The 2004 edition features a range of papers aimed at providing coherent and informative answers to such important questions as the effect of federal government debt on interest rates; the stochastic dimension of the American economy; the role of technology as a source of economic fluctuations; and the interaction of capital flows, fiscal policy, and monetary policies in developing countries, emerging markets, and OECD countries.

Table of Contents

• Graziela L. Kaminsky, Carmen M. Reinhart, and Carlos A. Vegh
• When It Rains It Pours: Procyclical Capital Flows and Macroeconomic Policies
• (comments by Gita Gopinath and Roberto Rigobon)
• Eric M. Engen and R. Glenn Hubbard
• Federal Government Debt and Interest Rates
• (comments by Jonathan A. Parker and Matthew D. Shapiro)
• Domenico Giannone, Lucrezia Reichlin, and Luca Sala
• Monetary Policy in Real Time
• (comments by Harald Uhlig and Mark W. Watson)
• Jordi Gali and Pau Rabanal
• Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Postwar U.S. Date? (comments by Ellen R. McGrattan and Valerie Ramey)
• David K. Backus, Bryan R. Routledge, and Stanley E. Zin
• Exotic Preferences for Macroeconomics
• (comments by Lars Peter Hansen and Ivan Werning)
• Paul Gomme, Richard Rogerson, Peter Rupert, and Randall Wright
• The Business Cycle and the Life Cycle
• (comments by Eva Nagypal and Robert Shimer)

Volume

2005 : pbk ISBN 9780262572347

Description

This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuations in the hiring rate of new workers and the U.S. unemployment rate; an analysis of the 20-year decline in aggregate volatility (and the rise in firm volatility); a model that compares the effectiveness of monetary policy that targets inflation rates to one that targets simple wage inflation; a roadmap to using Bayesian approaches in solving empirical puzzles; and a microeconomic model that shows the desirability of maintaining a stable inflation rate even in isolated situations that would seem to call for a more flexible policy toward inflation.

by "Nielsen BookData"

Details

• NCID: BA03470398
• ISBN:
  • 0262061058
  • 0262560372
  • 0262061104
  • 0262061198
  • 0262560453
  • 0262022966
  • 0262521458
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  • 026207253X
  • 0262572214
  • 0262072637
  • 026257229X
  • 0262572346
  • 0262072726
  • 9780262012393
  • 9780262512008
  • 9780226002026
  • 9780226002040
  • 9780226002101
  • 9780226002095
  • 9780226002125
  • 9780226002132
  • 9780226002149
  • 9780226002163
  • 9780226052779
  • 9780226052809
  • 9780226165400
  • 9780226268736
  • 9780226395609
  • 9780226490199
  • 9780226577661
  • 9780226645728
  • 9780226707891
• Country Code: us
• Title Language Code: eng
• Text Language Code: eng
• Place of Publication: Cambridge, Mass. ; London
• Pages/Volumes: v.
• Size: 24 cm
• Classification:
  • NDC9 : 331.05
  • NDC7 : 331.7
  • LCC : HB172.5
  • DC19 : 339
• Subject Headings:
  • LCSH : Macroeconomics
  • FREE : Macroeconomics -- Periodicals
  • FREE : Econometrics -- Periodicals