This is the sixth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.
Contents: Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots, John Y. Campbell and Pierre Perron. Markups and the Business Cycle, Julio Rotemberg and Michael Woodford. Privatization in Eastern Europe: Incentives and the Economics of Transition, Jean Tirole. The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S. Rogoff. Growth, Macroeconomics, and Development, Stanley S. Fischer. Recessions as Reorganizations, Robert E. Hall.
About the Editors
Olivier Blanchard is Robert Solow Professor at the Massachusetts Institute of Technology and Economic Counselor and Director of the Research Department at the International Monetary Fund.
Stanley Fischer is Governor of the Bank of Israel. First Deputy Managing Director of the International Monetary Fund from 1994 to 2001, Fischer is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).