NBER Macroeconomics Annual 2003

NBER Macroeconomics Annual 2003
Mark Gertler and Kenneth Rogoff, editors

The MIT Press, 2004
Paper: $32.00; Cloth: $65.00
415 pages
ISBN: 0-262-57221-4 (paper); 0-262-07253-X (cloth)

Some chapters may have appeared as NBER Working Papers, which are preliminary versions of the published papers.

Table of Contents:

    Editorial (p. 1-4)
    Mark Gertler and Kenneth Rogoff

    Abstracts (p. 5-8)

    1. The Case of the Missing Productivity Growth, Or Does Information Technology Explain Why Productivity Accelerated in the United States But Not in the United Kingdom? (p. 9-63)
    Susanto Basu, John G. Fernald, Nicholas Oulton, and Sylaja Srinivasan

      Comment: Olivier Blanchard (p. 64-71)
      Comment: Giovanni L. Violante (p.72-80)

    Discussion (p. 80-82)

    2. On the Welfare Consequences of the Increase in Inequality in the United States, (p. 83-121)
    Dirk Krueger and Fabrizio Perri

      Comment: Steven J. Davis (p. 121-132)
      Comment: Kjetil Storesletten (p. 132-137)

    Discussion (p. 137-138)

    3. Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions, (p. 139-194)
    Annette Vissing-Jorgenson

      Comment: John Y. Campbell (p. 194-200)
      Comment: Owen A. Lamont (p. 200-207)

    Discussion (p. 207-208)

    4. Disagreement about Inflation Expectations, (p. 209-248)
    N. Gregory Mankiw, Ricardo Reis and Justin Wolfers

      Comment: Robert G. King (p. 248-257)
      Comment: John C. Williams (p. 257-268)

    Discussion (p. 268-270)

    5. Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach, (p. 271-333)
    Pierpaolo Benigno and Michael Woodford

      Comment: Stefania Albanesi (p. 333-350)
      Comment: George-Marios Angeletos (p. 350-361)

    Discussion (p. 361-363)

    6. Inflation Targeting in Emerging Market Economies, (p. 365-400)
    Arminio Fraga, Ilan Goldfajn and André Minella

      Comment: Robert E. Hall (p. 400-403)
      Comment: Frederic S. Mishkin (p. 403-413)

    Discussion (p. 413-415)