NBER Macroeconomics Annual 1993

From NBER Macroeconomics Annual series

NBER Macroeconomics Annual 1993

Edited by Olivier Blanchard and Stanley Fischer




This is the eighth 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.

ContentsU.S. Commercial Banking: Trends, Cycles, and Policy, John Boyd and Mark Gertler • The Effects of Government Purchases: Theory and Evidence, Anton Braun and Ellen McGrattan • Macroeconomic Growth with Microeconomic Empirics, Ricardo Caballero and Adam Jaffe • The Chinese and East European Routes to Reform, Alan Gelb, Gary Jefferson, and Inderjit Singh • Waiting and the Option to Invest: Theory and Evidence, Robert Pindyck and Andres Solimano • Unemployment in Europe, Gilles Saint Paul


Out of Print ISBN: 9780262023641 383 pp. | 6.1 in x 8.9 in


Out of Print ISBN: 9780262521840 383 pp. | 6.1 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).