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NBER Macroeconomics Annual 1993 Edited by Olivier Jean Blanchard and Stanley Fischer This is the eighth 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. Olivier Blanchard and Stanley Fischer are both Professors of Economics at the Massachusetts Institute of Technology. Contents: U.S. Commercial Banking. Trends, Cycles, and Policy, John Boyd and Mark Gertler. The Effects of Government Purchases: Theory and Evidence, Anton Braun and Ellen McGrattan. Macroeconomic Growth with Microeconomic Empirics, Ricardo Caballero and Adam Jaffe. The Chinese and East European Routes to Reform, Alan Gelb, Gary Jefferson, and Inderjit Singh. Waiting and the Option to Invest. Theory and Evidence, Robert Pindyck and Andres Solimano. Unemployment in Europe, Gilles Saint Paul. About the Editors Olivier Jean Blanchard is Professor of Economics at MIT. Stanley Fischer became Governor of the Bank of Israel in May of 2005. He has also served as Vice Chairman of Citigroup, Inc., First Deputy Managing Director of the International Monetary Fund, and Killian Professor and Head of the Department of Economics at MIT. Before his service in the IMF from 1994 to 2001, he was Killian Professor and Head of the Department of Economics at MIT. See Other Titles In:
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