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NBER International seminar on macroeconomics 2005

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This 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuations in the hiring rate of new workers and the U.S. unemployment rate; an analysis of the 20-year decline in aggregate volatility (and the rise in firm volatility); a model that compares the effectiveness of monetary policy that targets inflation rates to one that targets simple wage inflation; a roadmap to using Bayesian approaches in solving empirical puzzles; and a microeconomic model that shows the desirability of maintaining a stable inflation rate even in isolated situations that would seem to call for a more flexible policy toward inflation.

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Series Title

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Call Number

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Publisher

Cambridge, Mass. ; : MIT Press,., 2006

Collation

1 online resource (xvii, 402 pages)

Language

English

ISBN/ISSN

9780262273732

Classification

NONE

Content Type

text

Media Type

computer

Carrier Type

online resource

Edition

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Subject(s)

Macroeconomics
Monetary policy
Fiscal policy

Specific Detail Info

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Statement of Responsibility

Mark Gertler, Kenneth Rogoff

Other Information

Cataloger

Kholif Basri

Source

https://doi.org/10.7551/mitpress/4907.001.0001

Validator

Kholif Basri

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