NBER International Seminar on Macroeconomics 2008, Volume 5

Edited by Jeffrey A. Frankel and Christopher Pissarides

NBER International Seminar on Macroeconomics 2008, Volume 5
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Edited by Jeffrey A. Frankel and Christopher Pissarides

500 pages | 60 line drawings | 6 x 9 | © 2009
Cloth $90.00 ISBN: 9780226107325 Published June 2009
Paper $55.00 ISBN: 9780226107332 Published March 2010

The distinguished International Seminar on Macroeconomics has met annually in Europe for thirty years. The papers in the 2007 volume discuss interest-setting and central bank transparency; expectations, monetary policy, and traded good prices; public investment and the golden rule; the role of institutions, confidence, and trust in financial integration within EU countries; international portfolios with supply, demand, and redistributive shocks; transmission and stabilization in closed and open economies; capital flows and asset prices; and welfare implications of financial globalization without financial development. The 2008 papers discuss the employment effects of workweek regulation in France; trade pricing effects of the Euro; reflections on monetary policy in the open economy; firm-size distribution and cross-country income differences; and exchange rates and the margin of trade.

Contents

      Introduction

Jeffrey Frankel and Christopher Pissarides


 

PART I:  MACROECONOMIC INTERDEPENDENCE

 

      Capital Flow Bonanzas: An Ecompassing View of the Past and Present

Carmen M. Reinhart and Vincent R. Reinhart

      Current Account Sustainability and Relative Reliability

Stephanie E. Curcuru, Charles P. Thomas, and Francis E. Warnock

      Reflections on Monetary Policy in the Open Economy

Richard H. Clarida


PART II: EXCHANGE RATES AND THE ADVENT OF EMU

     
Real Variables, Nonlinearity and European Real Exchange Rates

Mark P. Taylor and Hyeyoen Kim

Exchange Rate Regimes and the Extensive Margin of Trade

Paul R. Bergin and Ching-Yi Lin


 

PART III: REGULATORY INTERVENTIONS REGARDING EMPLOYMENT OR PRODUCTIVITY 


 

      Plant-Size Distribution and Cross-Country Income Differences

Laura Alfaro, Andrew Charlton, and Fabio Kanczuk

      Regional difference-in-differences in France using the German annexation of Alsace-Moselle in 1870-1918

Matthieu Chemin and Etienne Wasmer

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