NBER Macroeconomics Annual 2008, Volume 23

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The NBER Macroeconomics Annual provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy. . The papers and accompanying discussions in NBER Macroeconomics Annual 2008, which

include contributions from leading economists from a variety of fields, address the timing of labor market expansions, macroeconomic dynamics in the Euro area, public health and the GDP, the role of technological progress on the formation of households, carry trades and currency crises, and new approaches to analyzing monetary policy.

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Product Details

Meet the Author

Daron Acemoglu is the Charles P. Kinderberger Professor of Applied Economics at

the Massachusetts Institute of Technology and a research associate of the NBER. Kenneth Rogoff is the Thomas D. Cabot Professor of Public Policy and professor of economics at Harvard University and a research associate of the NBER. Michael Woodford is the John Bates Clark Professor of Political Economy at Columbia University and a research associate of the NBER.

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Table of Contents


Daron Acemoglu, Kenneth Rogoff and Michael Woodford

The Timing of Labor Market Expansions: New Facts and a New Hypothesis

Giuseppe Moscarini and Fabien Postel-Vinay

Comments:    Robert E. Hall and Robert Shimer

How Has the Euro Changed the Monetary Transmission Mechanism?

Jean Boivin, Marc P. Giannoni, and BenoƮt Mojon

Comments:    Lucrezia Reichlin and Harald Uhlig


When Does Improving Health Raise GDP?           

Quamrul H. Ashraf, Ashley Lester, and David N. Weil

Comments:    Hoyt Bleakley and Simon Johnson


Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households

Jeremy Greenwood and Nezih Guner

Comments:    Stefania Albanesi, Justin Wolfers


Carry Trades and Currency Crashes

Markus K. Brunnermeier Stefan Nagel, and Lasse H. Pedersen

Comments:    Craig Burnside, and Hanno Lustig


On the Need for a New Approach to Analyzing Monetary Policy

Andrew Atkeson, and Patrick J. Kehoe

Comments:    John H. Cochrane and Bennett McCallum

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