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NBER Macroeconomics Annual 2009

Edited by Daron Acemoglu, Kenneth Rogoff () and Michael Woodford ()

in National Bureau of Economic Research Books from University of Chicago Press

Abstract: The NBER Macroeconomics Annual provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in NBER Macroeconomics Annual 2009 address how heterogeneous beliefs interact with equilibrium leverage and potentially lead to leverage cycles, the validity of alternative hypotheses about the reason for the recent increase in foreclosures on residential mortgages, the credit rating crisis, quantitative implications for the evolution of the U.S. wage distribution, and noisy business cycles.

Date: 2010
ISBN: 9780226002095
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