National Bureau of Economic Research

Research programs in economics usually emerge from the intersection between a new analytical approach and a real economic problem. In the past few years, such a program has emerged in international monetary economics, which is underpinned by a theoretical framework grounded in stochastic calculus and the increasing prominence in the real world of the international monetary arrangements under which national monetary authorities attempt to keep exchange rates within bands or "target zones." This new program of research also covers switches in exchange rate regimes. This volume from the Centre for Economic Policy Research (UK) and the National Bureau of Economic Research (US) includes contributions from most of the active participants in the development of this new field, and will serve as a useful introduction to this new research program.

This year's edition of the NBER Macroeconomics Annual presents a mix of cutting-edge research and policy analysis on such topics as productivity and information technology, the increase in wealth inequality, behavioral economics, and inflation.

National Bureau of Economic Research - The National Bureau of Economic Research (NBER) is a "private, nonprofit, nonpartisan research organization" dedicated to studying the science and empirics of economics, especially the American economy. It is "committed to undertaking and disseminating unbiased economic research among public policymakers, business professionals, and the academic community.

Swedish National Institute of Economic Research - The Swedish National Institute of Economic Research (Konjunkturinstitutet, KI or NIER) is a government agency in Sweden responsible for economic analysis and forecasting. The NIER is publically funded, although it does accept a small number of private commissions.

Mark Drabenstott - Mark Drabenstott is a vice-president of the Federal Reserve Bank of Kansas City and the director of the Center for the Study of Rural America (CSRA). Drabentstott is also chair of the National Policy Association's Food and Agriculture Committee and a director of the National Bureau of Economic Research at Harvard University.

David Blanchflower - David Blanchflower is a tenured economics professor at Dartmouth College. He is a Research Associate at the National Bureau of Economic Research and a Research Fellow at the Centre for Economic Studies at the University of Munich as well as the Institute for the Study of Labor (IZA) at the University of Bonn.

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