Books: Spring, 2005

NBER Macroeconomics Annual 2004, edited by Mark Gertler and Kenneth S. Rogoff, is available from the MIT Press for $35.00 in paperback and $70.00 clothbound. The NBER Macroeconomics Annual presents, extends, and applies pioneering work in macroeconomics and simulates work by macroeconomists on important policy issues. Each paper in the Annual is followed by comments and discussion.

This volume includes papers on: the effect of federal government debt on interest rates; the relationship between technology shocks and aggregate economic fluctuations; and monetary policymaking "in real time."

Gertler and Rogoff are NBER Research Associates in the Programs on Monetary Ecenomics and International Finance and Macroeconomics, respectively. Gertler is the Henry and Lucey Moses Professor of Economics at New York University; Rogoff is the Thomas D. Cabot Professor of Public Policy and Economics at Harvard University.

E-mail orders for this volume to mitpress-orders.at.mit.edu