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NBER Macroeconomics Annual 2017 PDF
By:Martin Eichenbaum,Jonathan A. Parker
Published on 2018-05-22 by University of Chicago Press

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Volume 32 of the NBER Macroeconomics Annual features six theoretical and empirical studies of important issues in contemporary macroeconomics, and a keynote address by former IMF chief economist Olivier Blanchard. In one study, SeHyoun Ahn, Greg Kaplan, Benjamin Moll, Thomas Winberry, and Christian Wolf examine the dynamics of consumption expenditures in non-representative-agent macroeconomic models. In another, John Cochrane asks which macro models most naturally explain the post-financial-crisis macroeconomic environment, which is characterized by the co-existence of low and nonvolatile inflation rates, near-zero short-term interest rates, and an explosion in monetary aggregates. Manuel Adelino, Antoinette Schoar, and Felipe Severino examine the causes of the lending boom that precipitated the recent U.S. financial crisis and Great Recession. Steven Durlauf and Ananth Seshadri investigate whether increases in income inequality cause lower levels of economic mobility and opportunity. Charles Manski explores the formation of expectations, considering the efficacy of directly measuring beliefs through surveys as an alternative to making the assumption of rational expectations. In the final research paper, Efraim Benmelech and Nittai Bergman analyze the sharp declines in debt issuance and the evaporation of market liquidity that coincide with most financial crises. Blanchard’s keynote address discusses which distortions are central to understanding short-run macroeconomic fluctuations.

This Book was ranked at 18 by Google Books for keyword Macroeconomics.

Book ID of NBER Macroeconomics Annual 2017's Books is pDdbDwAAQBAJ, Book which was written byMartin Eichenbaum,Jonathan A. Parkerhave ETAG "ziqtuob6EZs"

Book which was published by University of Chicago Press since 2018-05-22 have ISBNs, ISBN 13 Code is 9780226577975 and ISBN 10 Code is 022657797X

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