NBER Macroeconomics Annual 1987

Edited by Stanley Fischer




This is the second in a new 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.

ContentsRicardian Equivalence, Douglas Bernheim (Stanford and NBER); comments by Marjorie Flavin and Charles Plosser • Success Stories of Economic Development, Kemal Dervis (The World Bank) and Peter Petri (Brandeis); comments by Arnold Harberger and Miguel Urrutia • Exchange Rate Dynamics, Jeffrey Frankel (University of California, Berkeley and NBER), Richard Meese (University of California, Berkeley); comments by Robert Flood and Patrick Minford • The U.S. Productivity Slowdown, Paul Romer (University of Rochester); comments by Ben Bernanke and Martin Baily • The New Keynesian Microfoundations, Julio Rotemberg (MIT and NBER); comments by N. Gregory Mankiw and Robert King • Why is the U.S. Unemployment Rate So High? Robert Topel (University of Chicago and NBER); comments by William Dickens and David Lilien • Methods and Ideas in the Development of Macroeconomics, Lawrence Summers (Harvard and NBER); comments by Alan Blinder, Lars Hansen and Robert Hall


Out of Print ISBN: 9780262061100 pp. |


Out of Print ISBN: 9780262560405 pp. |


Stanley Fischer

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).