This is the fourth 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.
Contents
The Monetary History After Twenty-Five Years: New Evidence on the Money-Output Relationship, Christina Romer and David Romer • Restrictions on Financial Intermediaries and Implecations for Aggregate Fluctuations: Canada and the U.S., 1870-1908, Stephen Williamson • The Thatcher "Miracle", Charles Bean with Jim Symons • The Revised NBER Indexes of Coincident and Leading Economic Indicators, James Stock and Mark Watson • Consumption, Income, and Interest Rates: The Euler Equation Approach Ten Years Later, John Campbell and N. Gregory Mankiw • U.S. Earnings and Income Inequality: Recent Trends, Frank Levy • Business Cycle Models with Increasing Returns, Kevin Murphy, Andrei Shleifer, and Robert Vishny