INO volume 41 issue 4 Cover and Back matter

1987 International Organization  
1987 the second annual volume of a new series from the National Bureau of Economic Research. The Annual effectively links theoretical and empirical developments with specific real-world examples and problems. This edition contains six articles initially presented at a conference held in Cambridge, MA, in March, 1987 by noted macroeconomics scholars. To enhance readers' insight, comments and discussion follow each article. In the first article, Kevin M. Murphy and Robert H. Topel draw from a
more » ... e volume of data to analyze why the unemployment rate has increased since the late sixties. Next Julio Rotemberg surveys and evaluates recent work that attempts to lay the microeconomic foundations of Keynesian-type macroeconomic theory. Jeffrey Frankel and Richard Meese look into the fluctuation in exchange rates and emphasize the inability of economic models to explain these fluctuations. Paul Romer reexamines the recent productivity slowdown in the United States as it relates to long-term economic growth. Kemal Dervis and Peter Petri analyze the growth of twenty middle-income countries, and concentrate on what brought success to two countries in particular, Korea and Turkey. Finally, Douglas Bernheim evaluates Ricardian equivalence, asking how government budget deficits affect national saving, the interest rate, and the balance of payments. Order the NBER Macroeconomics Annual today. You will receive the most interesting and valuable source of current and future macroeconomics information available.
doi:10.1017/s0020818300027582 fatcat:dciyvn6kn5dtnbwnqxbncrlcwq