From NBER Macroeconomics Annual series

NBER Macroeconomics Annual 1994

Edited by Stanley Fischer and Julio J. Rotemberg




This is the ninth 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.

ContentsOn the Speed of Transition in Eastern Europe, Philippe Aghion and Olivier Jean Blanchard • The Costs of Business Cycles with Incomplete Markets, Andrew Atkeson and Christopher Phelan • The U.S. Fiscal Problem: Where We Are, How We Got Here and Where We Are Going, Alan Auerbach • The East Asian Miracle Economies, John Page • What Ends Recessions? Christina Romer and David Romer • Toward a Modern Macroeconomic Model Usable for Policy Analysis, Christopher Sims and Eric Leeper


Out of Print ISBN: 9780262061728 336 pp. | 6 in x 8.9 in


Out of Print ISBN: 9780262560801 336 pp. | 6 in x 8.9 in


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).

Julio J. Rotemberg