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Title NBER International Seminar on Macroeconomics. 2004 / Richard H. Clarida [and others]
Published Cambridge, Mass. ; London : MIT Press, ©2006


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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Monetary policy.
BUSINESS & ECONOMICS -- Money & Monetary Policy.
Monetary policy.
Form Electronic book
Author Clarida, Richard H.
ISBN 9780262033602
Other Titles International Seminar on Macroeconmics. 2004
National Bureau of Economic Research International Seminar on Macroeconomics. 2004