NBER Macroeconomics Annual 2005

NBER Macroeconomics Annual 2005
Mark Gertler and Kenneth Rogoff, editors

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

Table of Contents:

Editorial (p. xi-xiv)
Mark Gertler and Kenneth Rogoff

Abstracts (p. xv-xviii)

1. Work and Leisure in the United States and Europe: Why Do Different? (p. 1-64)
Alberto Alesina, Edward Glaeser and Bruce Sacerdote


Comment: Lars Ljungqvist (p. 65-77)
Comment: Richard Rogerson (p.79-95)

Discussion (p. 97-99)

2. Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years, (p. 101-137)
Robert E. Hall


Comment: Steven J. Davis (p. 139-157)
Comment: John Kennan (p. 159-164)


Discussion (p. 165-166)

3. The Rise in Firm-Level Volatility: Causes and Consequences, (p. 167-201)
Diego Comin and Thomas Philippon


Comment: Daron Acemoglu (p. 203-215)
Comment: Janice Eberly (p. 217-226)


Discussion (p. 227-228)

4. Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models (p. 229-287)
Andrew T. Levin, Alexei Onatski, John C. Williams and Noah Williams


Comment: Giorgio E. Primiceri (p. 289-296)
Comment: Carl E. Walsh (p. 297-308)


Discussion (p. 309-311)

5. A Bayesian Look at New Open Economy Macroeconomics (p. 313-366)
Thomas Lubik and Frank Schorfheide


Comment: Paolo Pesenti (p. 367-374)
Comment: Christopher A. Sims (p. 375-379)


Discussion (p. 381-382)

6. Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model, (p. 383-425)
Stephanie Schmitt-Grohé and Martín Uribe


Comment: Jesús Fernández-Villaverde (p. 427-444)
Comment: Michael Woodford (p. 445-456)


Discussion (p. 457-459)