NBER Macroeconomics Annual 1989

NBER Macroeconomics Annual 1989

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This is the fourth 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.Contributions to this 1989 edition include: The Monetary History After Twenty-Five Years: New Evidence on the Money-Output Relationship, Christina Romer and David Romer. Restrictions on Financial Intermediaries and Implecations for Aggregate Fluctuations: Canada and the U.S., 1870-1908, Stephen Williamson. The Thatcher qMiracle, q Charles Bean with Jim Symons. The Revised NBER Indexes of Coincident and Leading Economic Indicators, James Stock and Mark Watson. Consumption, Income, and Interest Rates: The Euler Equation Approach Ten Years Later, John Campbell and N. Gregory Mankiw. U.S. Earnings and Income Inequality: Recent Trends, Frank Levy. Business Cycle Models with Increasing Returns, Kevin Murphy, Andrei Shleifer, and Robert Vishny.Olivier Blanchard and Stanley Fischer are both Professors of Economics at MIT.Olivier J. Blanchard, Stanley Fischer ... The best way to answer the question is to consider explicitly other alternative hypotheses.4 Another way a€” more statistical and less ... TWO SPECIFICATION ISSUES Before we can estimate the model, we need to address two issues of specification that arise from the nature of theanbsp;...

Title:NBER Macroeconomics Annual 1989
Author: Olivier J. Blanchard, Stanley Fischer
Publisher:MIT Press - 1989

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