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Description - NBER Macroeconomics Annual 1994 by Stanley Fischer

This is the ninth 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.ContentsOn the Speed of Transition in Eastern Europe, Philippe Aghion and Olivier Jean Blanchard • The Costs of Business Cycles with Incomplete Markets, Andrew Atkeson and Christopher Phelan • The U.S. Fiscal Problem: Where We Are, How We Got Here and Where We Are Going, Alan Auerbach • The East Asian Miracle Economies, John Page • What Ends Recessions? Christina Romer and David Romer • Toward a Modern Macroeconomic Model Usable for Policy Analysis, Christopher Sims and Eric Leeper

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