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NBER Macroeconomics Annual 2018

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Release : 2019-08-05
Genre : Business & Economics
Kind : eBook
Book Rating : 728/5 ( reviews)

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Book Synopsis NBER Macroeconomics Annual 2018 by : Martin Eichenbaum

Download or read book NBER Macroeconomics Annual 2018 written by Martin Eichenbaum. This book was released on 2019-08-05. Available in PDF, EPUB and Kindle. Book excerpt: This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes “factorless income,” output that is not measured as capital or labor income. Next, a study argues that the financial crisis increased the perceived risk of a very bad economic and financial outcome, and explores the propagation of large, rare shocks. The next paper documents the substantial recent changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000. The last paper analyzes the dynamic macroeconomic effects of border adjustment taxes.

NBER Macroeconomics Annual 2013

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Release : 2014-05-22
Genre : Business & Economics
Kind : eBook
Book Rating : 400/5 ( reviews)

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Book Synopsis NBER Macroeconomics Annual 2013 by : Jonathan A. Parker

Download or read book NBER Macroeconomics Annual 2013 written by Jonathan A. Parker. This book was released on 2014-05-22. Available in PDF, EPUB and Kindle. Book excerpt: The twenty-eighth edition of the NBER Macroeconomics Annual continues its tradition of featuring theoretical and empirical research on central issues in contemporary macroeconomics. As in previous years, this volume not only addresses recent developments in macroeconomics, but also takes up important policy-relevant questions and opens new debates that will continue for years to come. The first two papers in this year’s issue tackle fiscal and monetary policy, asking how interest rates and inflation can remain low despite fiscal policy behavior that appears inconsistent with a monetary policy regime focused only on inflation and output and not on fiscal balances as recently observed in the U.S. The third examines the implications of reference-dependent preferences and moral hazard in employment fluctuations in the labor market. The fourth paper addresses money and inflation, analyzing the long run inflation rate, the coexistence of money with pledgeable and money-like assets, and why inflation did not increase in response to business-cycle fluctuations in productivity. And the fifth looks at the stock market and how it relates to the real economy. The final chapter discusses the large and public shift towards more expansionary monetary policy that has recently occurred in Japan.

NBER/Macroeconomics Annual (University of Chicago Press).

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Author :
Release : 2007
Genre :
Kind : eBook
Book Rating : /5 ( reviews)

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Book Synopsis NBER/Macroeconomics Annual (University of Chicago Press). by :

Download or read book NBER/Macroeconomics Annual (University of Chicago Press). written by . This book was released on 2007. Available in PDF, EPUB and Kindle. Book excerpt:

NBER Macroeconomics Annual 2007

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Release : 2008-03
Genre : Macroeconomics
Kind : eBook
Book Rating : 026/5 ( reviews)

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Book Synopsis NBER Macroeconomics Annual 2007 by : Daron Acemoglu

Download or read book NBER Macroeconomics Annual 2007 written by Daron Acemoglu. This book was released on 2008-03. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in NBER Macroeconomics Annual 2007 address exchange-rate models; implications of credit market frictions; cyclical budgetary policy and economic growth; the impacts of shocks to government spending on consumption, real wages, and employment; dynamic macroeconomic models; and the role of cyclical entry of new firms and products on the nature of business-cycle fluctuations and on the effects of monetary policy.

NBER Macroeconomics Annual 2009

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Release : 2010-07
Genre : Macroeconomics
Kind : eBook
Book Rating : 095/5 ( reviews)

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Book Synopsis NBER Macroeconomics Annual 2009 by : Daron Acemoglu

Download or read book NBER Macroeconomics Annual 2009 written by Daron Acemoglu. This book was released on 2010-07. Available in PDF, EPUB and Kindle. Book excerpt: The NBER Macroeconomics Annual provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in NBER Macroeconomics Annual 2009 address how heterogeneous beliefs interact with equilibrium leverage and potentially lead to leverage cycles, the validity of alternative hypotheses about the reason for the recent increase in foreclosures on residential mortgages, the credit rating crisis, quantitative implications for the evolution of the U.S. wage distribution, and noisy business cycles.

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