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NBER Macroeconomics Annual 1995

By Ben Bernanke




Contents Wage Inequality and Regional Unemployment Persistence: U.S. vs. Europe, Guiseppe Bertola and Andreas Ichino • Capital Utilization and Returns to Scale, Craig Burnside, Martin Eichenbaum, and Sergio Rebelo • Banks and Derivatives, Gary Gorton and Richard Rosen • Exchange-Rate-Based Stabilizations: Theory and Evidence, Sergio Rebelo and Carlos Vegh • Inflation Indicators and Inflation Policy, Stephen Cecchetti • Recent Central Bank Reforms and the Role of Price Stability as the Sole Objective of Monetary Policy, Carl Walsh • Is Central Bank Independence (and Low Inflation) the Result of Effective Financial Opposition to Inflation?, Adam Posen • The Unending Quest for Monetary Salvation, Stanley Fischer


Out of Print ISBN: 9780262023948 356 pp. | 8.9 in x 6.1 in


$34.00 X | £27.00 ISBN: 9780262522052 356 pp. | 8.9 in x 6.1 in