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NBER Macroeconomics Annual, 2022: Volume 37 (Volume 37) (National Bureau of Economic Research Macroeconomics Annual) - Softcover

 
9780226828213: NBER Macroeconomics Annual, 2022: Volume 37 (Volume 37) (National Bureau of Economic Research Macroeconomics Annual)

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Martin Eichenbaum
Published by The University of Chicago Press, 2023
ISBN 10: 0226828212 ISBN 13: 9780226828213
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Hurst, Erik (ed)
ISBN 10: 0226828212 ISBN 13: 9780226828213
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Martin Eichenbaum
Published by The University of Chicago Press, 2023
ISBN 10: 0226828212 ISBN 13: 9780226828213
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ISBN 10: 0226828212 ISBN 13: 9780226828213
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Hurst, Erik (ed)
ISBN 10: 0226828212 ISBN 13: 9780226828213
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Martin Eichenbaum
Published by The University of Chicago Press, 2023
ISBN 10: 0226828212 ISBN 13: 9780226828213
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Paperback. Condition: new. Paperback. Authoritative takes on the most current and pressing issues in macroeconomics today. The NBER Macroeconomics Annual provides a forum for leading economists to participate in important debates in macroeconomics and to report on major developments in macroeconomic analysis and policy. The NBER Macroeconomics Annual brings together leading scholars to discuss five research papers on central issues in contemporary macroeconomics. First, Andrea Eisfeldt, Antonio Falato, and Mindy Xiaolan document the rise of a new class of worker that receives part of its labor income as equity-based compensation, its role in the recent decline in the labor share of income, and implications for the returns to skilled labor and the implied capital-skill complementarity. Next, Michael Bauer and Eric Swanson focus on monetary policy shocks and argue the correlation between estimated monetary surprises and previously available information can be explained by uncertainty about the parameters of the monetary policy rule. Using new data and methods they find effects of monetary policy on macroeconomic variables that are much larger than previously estimated. Job Boerma and Loukas Karabarbounis provide a framework for quantitatively exploring the gap in wealth between White and Black Americans over the past 150 years and examine the effectiveness of reparations as a tool for closing this gap. Guido Menzio considers workers who do not have rational expectations, and whose stubborn beliefs change the response of wages to technology shocks, resulting in sticky wages. He finds that the larger the fraction of workers with stubborn beliefs, the more volatile unemployment is. Finally, Rishabh Aggarwal, Adrien Auclert, Matthew Rognlie, and Ludwig Straub investigate the growthparticularly in the United Statesof private savings, current account deficits, and fiscal deficits after 2020. They argue that fiscal deficits lead to large and persistent increases in private savings and current account deficits. Shipping may be from multiple locations in the US or from the UK, depending on stock availability. Seller Inventory # 9780226828213

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ISBN 10: 0226828212 ISBN 13: 9780226828213
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Eichenbaum, Martin (Editor)/ Hurst, Erik (Editor)/ Ramey, Valerie (Editor)
Published by Univ of Chicago Pr, 2023
ISBN 10: 0226828212 ISBN 13: 9780226828213
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Martin Eichenbaum
Published by The University of Chicago Press, 2023
ISBN 10: 0226828212 ISBN 13: 9780226828213
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