NBER Macroeconomics Annual 1991

From NBER Macroeconomics Annual series

NBER Macroeconomics Annual 1991

Edited by Olivier Blanchard and Stanley Fischer




This is the sixth in a series of annuals from the National Bureau of Economic Research that are designed to stimulate research on problems in applied economics, to bring frontier theoretical developments to a wider audience, and to accelerate the interaction between analytical and empirical research in macroeconomics.

ContentsPitfalls and Opportunities: What Macroeconomists Should Know about Unit Roots, John Y. Campbell and Pierre Perron • Markups and the Business Cycle, Julio Rotemberg and Michael Woodford • Privatization in Eastern Europe: Incentives and the Economics of Transition, Jean Tirole • The EMS, the EMU, and the Transition to a Common Currency, Kenneth A. Froot and Kenneth S. Rogoff • Growth, Macroeconomics, and Development, Stanley S. Fischer • Recessions as Reorganizations, Robert E. Hall


Out of Print ISBN: 9780262023351 386 pp. | 6 in x 8.9 in


$32.00 X ISBN: 9780262521659 386 pp. | 6 in x 8.9 in


Olivier Blanchard

Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics and Robert Solow Professor Economics Emeritus at MIT. He was Chief Economist at the International Monetary Fund from 2008 to 2015.

Stanley Fischer

Stanley Fischer is former Governor of the Bank of Israel and has been nominated as Vice Chair of the Federal Reserve]. He is the author of IMF Essays from a Time of Crisis: The International Financial System, Stabilization, and Development (MIT Press).