NBER Macroeconomics Annual 1989

NBER Macroeconomics Annual 1989

Edited by Olivier Blanchard and Stanley Fischer




This is the fourth 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.

ContentsThe Monetary History After Twenty-Five Years: New Evidence on the Money-Output Relationship, Christina Romer and David Romer • Restrictions on Financial Intermediaries and Implecations for Aggregate Fluctuations: Canada and the U.S., 1870-1908, Stephen Williamson • The Thatcher "Miracle", Charles Bean with Jim Symons • The Revised NBER Indexes of Coincident and Leading Economic Indicators, James Stock and Mark Watson • Consumption, Income, and Interest Rates: The Euler Equation Approach Ten Years Later, John Campbell and N. Gregory Mankiw • U.S. Earnings and Income Inequality: Recent Trends, Frank Levy • Business Cycle Models with Increasing Returns, Kevin Murphy, Andrei Shleifer, and Robert Vishny


Out of Print ISBN: 9780262022965 416 pp. | 6 in x 8.8 in


Out of Print ISBN: 9780262521451 416 pp. | 6 in x 8.8 in


Olivier Blanchard

Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and Robert Solow Professor Economics Emeritus at MIT. He was Chief Economist at the International Monetary Fund from 2008 to 2015.

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).