NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER International Seminar on Macroeconomics 2009

Lucrezia Reichlin and Kenneth West, organizers

Conference held June 12-13, 2009
Forthcoming from University of Chicago Press
in NBER Book Series NBER International Seminar on Macroeconomics


The following chapters are preliminary drafts unless otherwise noted. They have not yet been subjected to the formal review process of the NBER. This page will be updated as individual chapters are revised.

Table of Contents

Introduction: Lucrezia Reichlin, Kenneth West (bibliographic info) (download)

1. Free Flows, Limited Diversification: Openness and the Fall and Rise of Stock Market Correlations, 1890-2001: Dennis Quinn, Hans-Joachim Voth (bibliographic info) (download)
       Comment: Huw Pill (bibliographic info) (download)
       Comment: John C. Williams (bibliographic info) (download)

2. The End of Gatekeeping: Underwriters and the Quality of Sovereign Bond Markets, 1815-2007: Marc Flandreau, Juan H. Flores, Norbert Gaillard, Sebastián Nieto-Parra (bibliographic info) (download)
       Comment: Vincent Reinhart (bibliographic info) (download)
       Comment: Albrecht Ritschl (bibliographic info) (download)

3. The Feldstein-Horioka Fact: Domenico Giannone, Michele Lenza (bibliographic info) (download)
       Comment: Richard Clarida (bibliographic info) (download)
       Comment: Philip R. Lane (bibliographic info) (download)

4. Can Parameter Instability Explain the Meese-Rogoff Puzzle?: Philippe Bacchetta, Eric van Wincoop, Toni Beutler (bibliographic info) (download)
       Comment: Menzie D. Chinn (bibliographic info) (download)
       Comment: Domenico Giannone (bibliographic info) (download)

5. International Reserves and Underdeveloped Capital Markets: Kathryn M. E. Dominguez (bibliographic info) (download)
       Comment: Philippe Martin (bibliographic info) (download)

6. The Nontradable Goods’ Real Exchange Rate Puzzle: Lukasz A. Drozd, Jaromir B. Nosal (bibliographic info) (download)
       Comment: Jonathan Eaton (bibliographic info) (download)
       Comment: Jean Imbs (bibliographic info) (download)

7. External Balance in Low Income Countries: Lone Christiansen, Alessandro Prati, Luca Antonio Ricci, Thierry Tressel (bibliographic info) (download)
       Comment: Nicolas Coeurdacier (bibliographic info) (download)
       Comment: Michael W. Klein (bibliographic info) (download)

Monetary Policy in a Low Interest Rate Environment – A Checklist: Huw Pill (bibliographic info) (download)

Monetary Policy in a Low-Interest-Rate Environment: Vincent Reinhart (bibliographic info) (download)

Quantitative Easing: A Rationale and Some Evidence from Japan: Volker Wieland (bibliographic info) (download)

The Zero Lower Bound: Lessons from the Past Decade: John Williams (bibliographic info) (download)

 
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