NBER International Seminar on Macroeconomics 2008, Volume 5
The distinguished International Seminar on Macroeconomics has met annually in Europe for thirty years. The papers in the 2007 volume discuss interest-setting and central bank transparency; expectations, monetary policy, and traded good 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. The 2008 papers discuss the employment effects of workweek regulation in France; trade pricing effects of the Euro; reflections on monetary policy in the open economy; firm-size distribution and cross-country income differences; and exchange rates and the margin of trade.
Introduction
Jeffrey Frankel and Christopher Pissarides
PART I: MACROECONOMIC INTERDEPENDENCE
Capital Flow Bonanzas: An Ecompassing View of the Past and Present
Carmen M. Reinhart and Vincent R. Reinhart
Current Account Sustainability and Relative Reliability
Stephanie E. Curcuru, Charles P. Thomas, and Francis E. Warnock
Reflections on Monetary Policy in the Open Economy
Richard H. Clarida
PART II: EXCHANGE RATES AND THE ADVENT OF EMU
Real Variables, Nonlinearity and European Real Exchange Rates
Mark P. Taylor and Hyeyoen Kim
Exchange Rate Regimes and the Extensive Margin of Trade
Paul R. Bergin and Ching-Yi Lin
PART III: REGULATORY INTERVENTIONS REGARDING EMPLOYMENT OR PRODUCTIVITY
Plant-Size Distribution and Cross-Country Income Differences
Laura Alfaro, Andrew Charlton, and Fabio Kanczuk
Regional difference-in-differences in France using the German annexation of Alsace-Moselle in 1870-1918
Matthieu Chemin and Etienne Wasmer
Economics and Business: Economics--General Theory and Principles
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