NBER International Seminar on Macroeconomics 2004, vol 1

Edited by Richard Clarida, Jeffrey Frankel, Francesco Giavazzi () and Kenneth West ()

in MIT Press Books from The MIT Press

Abstract: The NBER International Seminar on Macroeconomics brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. An international companion to the more American-focused NBER Macroeconomics Annual, this particular volume offers cutting-edge research on monetary and fiscal policy responses to macroeconomic fluctuations, with special emphasis on tailoring a single monetary policy for the diverse economies that make up the European Monetary Union. The individual papers examine such topics as whether rule-based monetary policy should target price levels or inflation rates; how much cyclical correlation across countries can be attributed to transmission between multinational companies and their international affiliates; the different effects of monetary policy in high-debt and low-debt countries; and the prospects for the ten 2004 entrants to the European Union, based on the experiences of EU entrants of the 1980s.

Keywords: global macroeconomics; monetary policy; fiscal policy; multinational companies; European Union (search for similar items in EconPapers)
JEL-codes: E0 F0 (search for similar items in EconPapers)
Date: 2006
Edition: 1
ISBN: 0-262-53287-5
References: Add references at CitEc
Citations: View citations in EconPapers (4)

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