Recent Developments in Macroeconomics
New York, March 4th 2005

Table of Contents (preliminary)
Recent Developments in Macroeconomics

Edited by Per Gunnar Berglund and Leanne J. Ussher
(updated September 13, 2005)

Introduction

Recent Developments in Macroeconomics
Per Gunnar Berglund, Queens College CUNY and
Leanne J. Ussher, Queens College CUNY

Monetary and Social Relationships
Charles Goodhart, London School of Economics
Abstract | Paper

Investment Behavior

How Responsive Is Business Capital Formation To Its User Cost? An Explanation with Micro Data
reprinted from Journal of Public Economics 74 (1999) pp. 53-80
Steven M. Fazzari, Washington University, St. Louis
Robert Chirinko, Emory University and
Andrew Meyer, Federal Reserve Bank of St. Louis
Abstract | Paper

From Investment Cycles to Random Shocks: Evidence and Ideology in Business Cycle Theory
Claude Hillinger, SEMECON, Munich, Germany
Abstract | Paper

Has the Response of Investment to Financial Market Signals Changed?
Jonathan McCarthy, Federal Reserve Bank of New York
Abstract | Paper

Using Structural Shocks to Identify Models of Investment
John M. Roberts, Board of Governors of the Federal Reserve
Abstract | Paper

Economic Measurement

The Discounted Economic Stock of Money with VAR Forecasts
William A. Barnett, University of Kansas, Lawrence
Abstract | Paper

Where Simple Sum and Divisia Monetary Aggregates Part: Illustrations and Evidence for the United States
Michael T. Belongia, University of Mississippi
Abstract | Paper

Monetary Services Indexes: A Practitioner’s Perspective
Barry Jones, SUNY Binghamton
Abstract | Paper

The Role Of Money In The Measurement Of Value
Utz-Peter Reich, Fachhochschule Mainz, Germany
Abstract | Paper

Real-Financial Interaction

The search for the elusive twin goals of monetary and financial stability
Claudio Borio, Bank for International Settlements
Abstract | Paper

Another Look into the Phillips' Curve?
Philip Arestis, Cambridge University, UK, and Levy Economics Institute and
Malcolm Sawyer
, Leeds University Business School, UK
Abstract | Paper

Monetary and Fiscal Interactions: Growth Implications in a Keynesian Economy
Alan G. Isaac, American University
Abstract | Paper

Betting the Ranch – Some Peculiarities in Recent U.S Household Financial Behavior
Rob Parenteau, Dresdner RCM Global Investors
Abstract | Paper

Inflation Targeting and Central Bank Independence : We Are All Keynesians Now! Or Are We?
Malcolm Sawyer, Leeds University Business School, UK and
Philip Arestis
, Cambridge University, UK, and Levy Economics Institute
Abstract | Paper

Consumer Behavior

Planning Costs, Financial Education, and Household Saving Behavior
Annamaria Lusardi, Dartmouth College
Abstract | Paper

What Has Been Learned Since 2001 About Counter-Cyclical Tax Rebates?
Laurence S. Seidman, University of Delaware and
Kenneth A. Lewis, University of Delaware
Abstract | Paper

The Consumption Wealth Effect
Charles Steindel, Federal Reserve Bank of New York
Abstract | Paper

*Titles, abstracts and papers are in many cases still works in progress and may change.

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