NBER International Seminar on Macroeconomics 2004 |
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| Editor:
| Clarida, Richard H.
Frankel, Jeffrey A.
Giavazzi, Francesco
West, Kenneth D. |
| Series title: | NBER International Seminar on Macroeconomics Ser. |
| ISBN: | 978-0-262-53287-7 |
| Publication Date: | Sep 2006 |
| Publisher: | MIT Press
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| Book Format: | Paperback |
| List Price: | USD $7.75 |
Book Description:
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The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, this particular volume offers cutting-edge research on monetary and fiscal policy responses to macroeconomic fluctuations, with special emphasis on tailoring a single monetary policy for the diverse economies that make up the...
More Description
The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, this particular volume offers cutting-edge research on monetary and fiscal policy responses to macroeconomic fluctuations, with special emphasis on tailoring a single monetary policy for the diverse economies that make up the European Monetary Union. The individual papers examine such topics as whether rule-based monetary policy should target price levels or inflation rates; how much cyclical correlation across countries can be attributed to transmission between multinational companies and their international affiliates; the different effects of monetary policy in high-debt and low-debt countries; and the prospects for the ten 2004 entrants to the European Union, based on the experiences of EU entrants of the 1980s.