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Item Details
| Title:
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NBER MACROECONOMICS ANNUAL 2005
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| By: |
Mark Gertler (Editor), Kenneth S. Rogoff (Editor) |
| Format: |
Paperback |
| List price:
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£7.99 |
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We currently do not stock this item, please contact the publisher directly for
further information.
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| ISBN 10: |
0262572346 |
| ISBN 13: |
9780262572347 |
| Publisher: |
MIT PRESS LTD |
| Pub. date: |
7 April, 2006 |
| Series: |
NBER Macroeconomics Annual series |
| Pages: |
480 |
| Description: |
The 20th NBER Macroeconomics Annual, covering questions at the cutting edge of macroeconomics that are central to current policy debates. |
| Synopsis: |
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. |
| Illustrations: |
91 illus. |
| Publication: |
US |
| Imprint: |
MIT Press |
| Returns: |
Returnable |
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