03739nam 2200673Ia 450 991081198290332120200520144314.00-262-27373-X1-4294-7712-19780262072724(CKB)1000000000472979(EBL)3338714(OCoLC)271575992(SSID)ssj0000208989(PQKBManifestationID)11183793(PQKBTitleCode)TC0000208989(PQKBWorkID)10244830(PQKB)10892778(MiAaPQ)EBC3338714(OCoLC)271575992(OCoLC)145465174(OCoLC)156831383(OCoLC)465525989(OCoLC)473202515(OCoLC)648325705(OCoLC)842932850(OCoLC)888826437(OCoLC)961527717(OCoLC)962582541(OCoLC)965988617(OCoLC)988464966(OCoLC)992020059(OCoLC)1037942989(OCoLC)1038656184(OCoLC)1055389115(OCoLC)1058160336(OCoLC)1066607483(OCoLC)1081220714(OCoLC-P)271575992(MaCbMITP)4907(Au-PeEL)EBL3338714(CaPaEBR)ebr10190459(EXLCZ)99100000000047297920020116d2006 uy 0engur|n|---|||||txtccrNBER macroeconomics annual2005 /Mark Gertler and Kenneth Rogoff, editors1st ed.Cambridge, MA MIT Pressc20061 online resource (479 p.)NBER macroeconomics annual ;2005Description based upon print version of record.0-262-07272-6 Includes bibliographical references.Editorial; Abstracts; 1 Work and Leisure in the United States and Europe: Why So Different?; 2 Job Loss, Job Finding, and Unemployment in the U.S. Economy over the Past Fifty Years; 3 The Rise in Firm-Level Volatility: Causes and Consequences; 4 Monetary Policy Under Uncertainty in Micro-Founded Macroeconometric Models; 5 A Bayesian Look at New Open Economy Macroeconomics; 6 Optimal Fiscal and Monetary Policy in a Medium-Scale Macroeconomic ModelThis 20th edition of the NBER Macroeconomics Annual treats many questions at the cutting edge of macroeconomics that are central to current policy debates. The papers and discussions include an analysis of the differential between American and European unemployment rates, with the authors of the paper taking issue with Edward Prescott's view that higher European tax rates are responsible; a provocative account of the relationship between fluctuations in the hiring rate of new workers and the U.S. unemployment rate; an analysis of the 20-year decline in aggregate volatility (and the rise in firm volatility); a model that compares the effectiveness of monetary policy that targets inflation rates to one that targets simple wage inflation; a roadmap to using Bayesian approaches in solving empirical puzzles; and a microeconomic model that shows the desirability of maintaining a stable inflation rate even in isolated situations that would seem to call for a more flexible policy toward inflation.NBER Macroeconomics Annual seriesNational Bureau of Economic Research macroeconomics annualMacroeconomics annualMacroeconomicsEconometricsMacroeconomics.Econometrics.339.05Gertler Mark120489Rogoff Kenneth S324217National Bureau of Economic Research.MiAaPQMiAaPQMiAaPQBOOK9910811982903321NBER macroeconomics annual4004911UNINA