NBER International Seminar on Macroeconomics 2004 - Table of Contents

August 2006
6 x 9, 551 pp., 86 illus.
$60.00/£44.95 (CLOTH)
Short

ISBN-10:
0-262-03360-7
ISBN-13:
978-0-262-03360-2

Paper (2006)

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NBER International Seminar on Macroeconomics 2004
Edited by Richard H. Clarida, Jeffrey A. Frankel, Francesco Giavazzi and Kenneth D. West

	Abstracts	xiii

	Introduction Richard H. Clarida, Jeffrey A. Frankel, Francesco Giavazzi and Kenneth D. West	1

Part I:	The Source of Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions

1.	The Source of Historical Economic Fluctuations: An Analysis Using Long-Run Restrictions Neville Francis and Valerie A. Ramey; Comments by Harald Uhlig and Susanto Basu	17

2.	Optimal Monetary and Fiscal Policy in a Liquidity Trap Gauti B. Eggertsson and Michael Woodford; Comments by Tor Einarsson and Eric M. Leeper	75

3.	Rule-Based Monetary Policy under Central Bank Learning Kosuke Aoki and Kalin Nikolov; Comments by Fabio Canova and V.V. Chari	145

4.	The Comovement of Returns and Investment within the Multinational Firm Mihir Desai and C. Fritz Foley; Comments by José Manuel Campa and Evi Pappa	197

Part II:	Macroeconomic Policy in a Union of Diverse Economies

5.	How Do Monetary and Fiscal Policy Interact in the European Monetary Union? Matthew B. Canzoneri, Robert E. Cumby and Behzad T. Diba; Comments by Gauti B. Eggertsson and Carlo A. Favero	241

6.	Does it Cost to be Virtuous? The Macroeconomic Effects of Fiscal Constraints Fabio Canova and Evi Pappa; Comments by Kenneth D. West and Gylfi Zoega	327

7.	Can Endogenous Changes in Price Flexibility Alter the Relative Welfare Performance of Exchange Rate Regimes? Ozge Senay and Alan Sutherland; Comments by Gianluca Benigno and Matthew B. Canzoneri	371

8.	Saving and Cohabitation: The Economic Consequences of Living with One's Parents in Italy and the Netherlands Rob Alessie, Agar Brugiavini and Guglielmo Weber; Comments by Mihir Desai and Michael McMahon	413

9.	Is Poland the Next Spain? Francesco Caselli, Silvana Tenreyro, Jeffrey A. Frankel and Richard H. Clarida	459

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