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Hardcover | ISBN: 9780262023351 | 386 pp. | 6 x 8.9 in | December 1991
Paperback | ISBN: 9780262521659 | 386 pp. | 6 x 8.9 in | December 1991

NBER Macroeconomics Annual 1991


This is the sixth 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.

Pitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots, John Y. Campbell and Pierre Perron
Markups and the Business Cycle, Julio Rotemberg and Michael Woodford
Privatization in Eastern Europe: Incentives and the Economics of Transition, Jean Tirole
The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S. Rogoff
Growth, Macroeconomics, and Development, Stanley S. Fischer
Recessions as Reorganizations, Robert E. Hall

About the Editors

Olivier Blanchard is Economic Counselor and Director of the Research Department at the International Monetary Fund. He is the author of Macroeconomics, among other books, and coauthor of Lectures on Macroeconomics (MIT Press).

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).