NBER International Seminar on Macroeconomics 2004

Author： Clarida Richard H;Frankel Jeffrey A.;Giavazzi Francesco;West Kenneth D.

Publisher： MIT Press‎

Publication year： 2006

E-ISBN: 9780262270410

P-ISBN(Paperback): 9780262532877

Subject： F015 宏观经济学;F123.16 macroeconomic management

Keyword： BUSINESS & ECONOMICS / Economics / Macroeconomics

Language： ENG

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NBER International Seminar on Macroeconomics 2004

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.

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