NBER International Seminar on Macroeconomics 2007, Volume 4

Edited by Richard H. Clarida and Francesco Giavazzi

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Edited by Richard H. Clarida and Francesco Giavazzi

National Bureau of Economic Research International Seminar on Macroeconomics

Cloth $90.00 ISBN: 9780226107301 Published January 2009

The distinguished International Seminar on Macroeconomics (ISoM) has met annually in Europe for thirty years. The papers in ISoM 2007 discuss interest setting and central bank transparency; expectations, monetary policy, and traded goods 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.