NBER Macroeconomics Annual 2005 - Table of Contents

April 2006
6 x 9, 477 pp., 91 illus.
$35.00/£25.95 (PAPER)
Short

ISBN-10:
0-262-57234-6
ISBN-13:
978-0-262-57234-7

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NBER Macroeconomics Annual 2005
Edited by Mark Gertler and Kenneth Rogoff

	Editorial Mark Gertler and Kenneth Rogoff		xi

	Abstracts		xv

1.	Work and Leisure in the U.S. and Europe: Why So Different? Alberto Alesina, Edward L. Glaeser and Bruce Sacerdote		1

		Comments Lars Ljungqvist and Richard Rogerson	65

	Discussion		97

2.	Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years Robert E. Hall		101

		Comments Steven J. Davis and John Kennan	139

	Discussion		165

3.	The Rise in Firm-Level Volatility: Causes and Consequences Diego Comin and Thomas Philippon		167

		Comments Daron Acemoglu and Janice C. Eberly	203

	Discussion		227

4.	Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models Andrew Levin, Alexei Onatski, John C. Williams and Noah Williams		229

		Comments Giorgio E. Primiceri and Carl E. Walsh	289

	Discussion		309

5.	A Bayesian Look at New Open Economy Macroeconomics Thomas Lubik and Frank Schorfheide		313

		Comments Paolo Pesenti and Christopher A. Sims	367

	Discussion		381

6.	Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic Model Stephanie Schmitt-Grohé and Martin Uribe		383

		Comments Jesús Fernández-Villaverde and Michael Woodford	427

	Discussion		457

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