NBER macroeconomics annual. 2005 [electronic resource] / Mark Gertler and Kenneth Rogoff, editors.
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 pap...
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| Other title: | National Bureau of Economic Research macroeconomics annual. Macroeconomics annual. |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Cambridge, MA :
MIT Press,
©2006.
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| Series: | NBER macroeconomics annual ;
2005. |
| Subjects: |
MARC
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| 245 | 0 | 0 | |a NBER macroeconomics annual. |p 2005 |h [electronic resource] / |c Mark Gertler and Kenneth Rogoff, editors. |
| 246 | 3 | |a National Bureau of Economic Research macroeconomics annual. | |
| 246 | 3 | 0 | |a Macroeconomics annual. |
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| 490 | 1 | |a NBER macroeconomics annual ; |v 2005. | |
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| 505 | 0 | 0 | |g Machine generated contents note: |g 1. |t Work and leisure in the United States and Europe : why so different? / |r Alberto Alesina / |r Edward Glaeser / |r Bruce Sacerdote -- |t Comments / |r Lars Ljungqvist / |r Richard Rogerson -- |g 2. |t Job loss, job finding, and unemployment in the U.S. economy over the past fifty years / |r Robert E. Hall -- |t Comments / |r Steven J. Davis / |r John Kennan -- |g 3. |t rise in firm-level volatility : causes and consequences / |r Diego Comin / |r Thomas Philippon -- |t Comments / |r Daron Acemoglu / |r Janice Eberly -- |g 4. |t Monetary policy under uncertainty in micro-founded macroeconometric models / |r Andrew T. Levin / |r Alexei Onatski / |r John C. Williams / |r Noah Williams -- |t Comments / |r Giorgio E. Primiceri / |r Carl E. Walsh -- |g 5. |t Bayesian look at new open economy macroeconomics / |r Thomas Lubik / |r Frank Schorfheide -- |t Comments / |r Paolo Pesenti / |r Christopher A. Sims -- |g 6. |t Optimal fiscal and monetary policy in a medium-scale macroeconomic model / |r Stephanie Schmitt-Grohe / |r Martin Uribe. |
| 520 | |a 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. | ||
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