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.Contributions to this 1989 edition include: 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.Olivier Blanchard and Stanley Fischer are both Professors of Economics at MIT.
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About the Author
Olivier Jean Blanchard is Professor of Economics at MIT. Stanley Fischer became Governor of the Bank of Israel in May of 2005. He has also served as Vice Chairman of Citigroup, Inc., First Deputy Managing Director of the International Monetary Fund, and Killian Professor and Head of the Department of Economics at MIT. Before his service in the IMF from 1994 to 2001, he was Killian Professor and Head of the Department of Economics at MIT.
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