NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

NBER International Seminar on Macroeconomics 2004


NBER International Seminar on Macroeconomics 2004
Richard H. Clarida, Jeffrey A. Frankel, Francesco Giavazzi and Kenneth D. West, editors

The MIT Press, 2006
Paper: $30.00; Cloth: $60.00
533 pages
ISBN: 0-262-53287-5 (paper); 0-262-03360-7 (cloth)

Some chapters may have appeared as NBER Working Papers, which are preliminary versions of the published papers.

Table of Contents:

    Introduction, p. 1-13
    Richard H. Clarida, Jeffrey A. Frankel, Francesco Giavazzi and Kenneth D. West

    Part I: Macroeconomic Flucatuations and Policy Response

    1. The Source of Historical Economic Fluctuations: An Analysis using Long-Run Restrictions, p. 17-49
    Neville Francis and Valerie A. Ramey

      Comment: Harald Uhlig, p. 50-69
      Comment: Susanto Basu, p. 70-73

    2. Optimal Monetary and Fiscal Policy in a Liquidity Trap, p. 75-131
    Gauti B. Eggertsson and Michael Woodford

      Comment: Tor Einarsson, p. 132-135
      Comment: Eric M. Leeper, p. 136-144

    3. Rule-Based Monetary Policy under Central Bank Learning, p. 145-181
    Kosuke Aoki and Kalin Nikolov

      Comment: Fabio Canova, p. 182-189
      Comment: V.V. Chari, p. 190-195

    4. The Comovement of Returns and Investment within the Multinational Firm, p. 197-230
    Mihir A. Desai and C. Fritz Foley

      Comment: José Manuel Campa, p. 231-234
      Comment: Evi Pappa, p. 235-237

    Part II: Macroeconomic Policy in a Union of Diverse Economies

    5. How Do Monetary and Fiscal Policy Interact in the European Monetary Union? p. 241-299
    Matthew B. Canzoneri, Robert E. Cumby and Behzad T. Diba

      Comment: Gauti B. Eggertsson, p. 300-316
      Comment: Carlo A. Favero, p. 317-325

    6. Does it Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints, p. 327-361
    Fabio Canova and Evi Pappa

      Comment: Kenneth D. West, p. 362-365
      Comment: Gylfi Zoega, p. 366-370

    7. Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes? p. 371-400
    Ozge Senay and Alan Sutherland

      Comment: Gianluca Benigno, p. 401-406
      Comment: Matthew B. Canzoneri, p. 407-411

    8. Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands, p. 413-441
    Rob Alessie, Agar Brugiavini and Guglielmo Weber

      Comment: Mihir A. Desi, p. 442-445
      Comment: Michael McMahon, p. 446-457

    9. Is Poland the Next Spain? p. 459-523
    Francesco Caselli and Silvana Tenreyro

      Comment: Jeffrey A. Frankel, p. 524-531
      Comment: Richard H. Clarida, p. 532-533


 
Publications
Activities
Meetings
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us