Asset Prices and Monetary Policy
Asset Prices and Monetary Policy, edited by John Y. Campbell, is available from the University of Chicago Press. This NBER Conference Report costs $85.00.
Economic growth, low inflation, and financial stability are among the most important goals of policymakers, and central banks -- such as the Federal Reserve -- are key institutions for achieving these goals. In Asset Prices and Monetary Policy, leading scholars and practitioners probe the interaction of central banks, asset markets, and the general economy to forge a new understanding of the challenges facing policymakers as they manage an increasingly complex economic system. The contributors examine how central bankers determine their policy prescriptions with reference to the fluctuating housing market, the balance of debt and credit, changing beliefs of investors, the level of commodity prices, and other factors. At a time when the public has never been more involved in stocks, retirement funds, and real estate investment, this insightful book will be useful to all those concerned with the current state of the economy.
John Y. Campbell is a Research Associate in the NBER's Programs on Asset Pricing, Economic Fluctuations and Growth, and Monetary Economics. He is also the Morton L. and Carole S. Olshan Professor of Economics at Harvard University.
The Analysis of Firms and Employees: Quantitative and Qualitative Approaches
The Analysis of Firms and Employees, an NBER Conference Report edited by Stefan Bender, Julia Lane, Kathryn Shaw, Fredrik Andersson, and Till von Wachter, will be available in October from the University of Chicago Press. The price of the volume is $90.00.
Economists increasingly are studying the long-term impact on workers of globalization, outsourcing, and technological change. The Analysis of Firms and Employees presents new findings about these effects by examining the interaction between the internal workings of businesses and outside influences from the market, based on data from countries around the globe. The result is an enhanced insight into the dynamic interrelationship between firms and workers.
The distinguished team of researchers assembled here examines the relationships between human resource practices and productivity, changing ownership and production methods, and expanding trade patterns and firm competitiveness. With analyses of large-scale, nationwide datasets as well as focused, intensive observation of a few firms, The Analysis of Firms and Employees will challenge economists, policymakers, and scholars alike to rethink their assumptions about the workplace.
Stefan Bender is a senior researcher at the Institute for Employment Research. Julia Lane is senior vice president of Economics, Labor, and Population Studies at the National Opinion Research Center at the University of Chicago and a senior research fellow at the U.S. Bureau of the Census. Kathryn L. Shaw is a Research Associate in the NBER's Programs on Productivity and Labor Studies and the Ernest C. Arbuckle Professor of Economics in the Graduate School of Business, Stanford University. Fredrik Andersson is a senior research associate of the Cornell Institute for Social and Economic Research and a research fellow with the Longitudinal Employer-Household Dynamics Program (LEHD), U.S. Bureau of the Census. Till von Wachter is a Faculty Research Fellow in NBER's Program on Aging and an assistant professor of economics at Columbia University.