Abstracts (p. 7-9)
1. When It Rains, It Pours: Procyclical Capital Flows and Macroeconomic Policies (p. 11-53)
Graciela L. Kaminsky, Carmen M.Reinhart and Carlos A. Végh
Comment: Gita Gopinath (p. 54-61)
Comment: Roberto Rigobon (p.62-79)
Discussion (p. 80-82)
2. Federal Government Debt and Interest Rates, (p. 83-138)
Eric M. Engen and R. Glenn Hubbard
Comment: Jonathan A. Parker (p. 139-147)
Comment: Matthew D. Shapiro (p. 148-156)
Discussion (p. 157-160)
3. Monetary Policy in Real Time, (p. 161-200)
Domenico Giannone, Lucrezia Reichlin and Luca Sala
Comment: Harald Uhlig (p. 201-215)
Comment: Mark W. Watson (p. 216-221)
Discussion (p. 222-224)
4. Technology Shocks and Aggregate Fluctuations: How Well Does the Real Business Cycle Model Fit Postwar U.S. Data? (p. 225-288)
Jordi Galí and Pau Rabanal
Comment: Ellen R. McGrattan (p. 289-308)
Comment: Valerie Ramey (p. 309-314)
Discussion (p. 315-317)
5. Exotic Preferences for Macroeconomists, (p. 319-390)
David K. Backus, Bryan R. Routledge and Stanley E. Zin
Comment: Lars Peter Hansen (p. 391-405)
Comment: Ivan Werning (p. 406-411)
Discussion (p. 412-413)
6. The Business Cycle and the Life Cycle, (p. 415-461)
Paul Gomme, Richard Rogerson, Peter Rupert and Randall Wright
Comment: Éva Nagypál (p. 462-477)
Comment: Robert Shimer (p. 478-485)
Discussion (p. 486-489)