| Description |
1 online resource |
| Contents |
The source of historical economic fluctuations: an analysis using long-run resctrictions / Neville Francis and Valerie A. Ramey -- Optimal monetary and fiscal policy in a liquidity trap / Gauti B. Eggertsson and Michael Woodford -- Rule-based monetary policy under central bank learning / Kosuke Aoki and Kalin Nikolov -- The comovement of returns and investment within the multinational firm / Mihir A. Desai and C. Fritz Foley -- How do monetary and fiscal policy interact in the European Monetary Union? / Matthew B. Canzoneri, Robert E. Cumby, and Behzad T. Diba -- Does it cost to be virtuous? The macroeconomic effects of fiscal constraints / Fabio Canova and Evi Pappa -- Can endogenous changes in price flexibility alter the relative welfare performance of exchange rate regimes? / Ozge Senay and Alan Sutherland -- Saving and cohabitation: the economic consequences of living with one's parents in Italy and the Netherlands / Rob Alessie, Agar Brugiavini, and Guglielmo Weber -- Is Poland the next Spain? / Francesco Caselli and Silvana Tenreyro |
| Summary |
Annotation The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, this particular volume offers cutting-edge research on monetary and fiscal policy responses to macroeconomic fluctuations, with special emphasis on tailoring a single monetary policy for the diverse economies that make up the European Monetary Union. The individual papers examine such topics as whether rule-based monetary policy should target price levels or inflation rates; how much cyclical correlation across countries can be attributed to transmission between multinational companies and their international affiliates; the different effects of monetary policy in high-debt and low-debt countries; and the prospects for the ten 2004 entrants to the European Union, based on the experiences of EU entrants of the 1980s |
| Bibliography |
Includes bibliographical references |
| Notes |
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL |
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digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL |
| Subject |
Monetary policy.
|
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Macroeconomics.
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BUSINESS & ECONOMICS -- Money & Monetary Policy.
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Macroeconomics.
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Monetary policy.
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| Form |
Electronic book
|
| Author |
Clarida, Richard H.
|
| ISBN |
9780262033602 |
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0262033607 |
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9780262270410 |
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0262270412 |
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