NBER Macroeconomics Annual 1996

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This is the eleventh volume in a series of annuals from the NationalBureau of Economic Research that are designed to present, extend, and apply frontierwork in macroeconomics, and to encourage and stimulate work by macroeconomists oncurrent policy issues. These contributions offer a good sample of the current issuesand exciting research directions in macroeconomics.Contents: Credit, BusinessInvestment, and Output Fluctuations in Japan, Nobuhiro Kiyotaki and Kenneth D. West.Causes and Consequences of Imperfections in the Consumer Price Index, Matthew D.Shapiro and David Wilcox. A Scorecard for Indexed Government Debt, John Y. Campbelland Robert J. Shiller. Technology Improvements and Productivity Slowdowns: AnotherCrazy Explanation, Andreas Hornstein and Per Krusell. Are Currency CrisesSelf-Fulfilling?, Paul Krugman. Inequity and Growth, Roland Benabou.