Paper $90.00 ISBN: 9780226645551 Will Publish
Cloth $90.00 ISBN: 9780226645728 Published August 2019
E-book $90.00 ISBN: 9780226645698 Published July 2019

NBER Macroeconomics Annual 2018

Volume 33

Edited by Martin Eichenbaum and Jonathan A. Parker

NBER Macroeconomics Annual 2018

Edited by Martin Eichenbaum and Jonathan A. Parker

500 pages | 6 x 9
Paper $90.00 ISBN: 9780226645551 Will Publish
Cloth $90.00 ISBN: 9780226645728 Published August 2019
E-book $90.00 ISBN: 9780226645698 Published July 2019
This volume contains six studies on current topics in macroeconomics. The first shows that while assuming rational expectations is unrealistic, a finite-horizon forward planning model can yield results similar to those of a rational expectations equilibrium. The second explores the aggregate risk of the U.S. financial sector, and in particular whether it is safer now than before the 2008 financial crisis. The third analyzes “factorless income,” output that is not measured as capital or labor income. Next, a study argues that the financial crisis increased the perceived risk of a very bad economic and financial outcome, and explores the propagation of large, rare shocks. The next paper documents the substantial recent changes in the manufacturing sector and the decline in employment among prime-aged Americans since 2000. The last paper analyzes the dynamic macroeconomic effects of border adjustment taxes.
For more information, or to order this book, please visit https://www.press.uchicago.edu
Google preview here

Chicago Manual of Style

Keep Informed

JOURNALs