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OverviewThe NBER Macroeconomics Annual 2021 presents research-central issues in contemporary macroeconomics. Robert Hall and Marianna Kudlyak examine unemployment dynamics during economic recoveries. They present new empirical findings and explore models in which the labor market gradually draws down the stock of unemployed workers in the aftermath of a downturn. Titan Alon, Sena Coskun, Matthias Doepke, David Koll, and Michèle Tertilt analyze the relative decline in employment of women during the COVID-19 pandemic and the associated global recession. They show that increased childcare needs, which fell more heavily on women, and differences in occupations both contributed. In the case of the US, however, each of these factors account for less than 20% of the gender gap in hours worked during the pandemic. Richard Rogerson and Johanna Wallenius study the employment rates of older workers in OECD countries over the last forty years. An expansion of institutions incentivizing retirement, concurrent with negative aggregate shocks between 1970 and 1995, led to falling employment rates. This trend started to reverse in the mid-1990s when many of these institutions, such as public pension programs, were cut back. Michael Barnett, William Brock, and Lars Peter Hansen explore the consequences of risk, ambiguity, and model misspecification in climate policy design. They consider carbon emissions pricing and the effects of different sources of uncertainty—such as future information about environmental damage, uncertainties in carbon and temperature dynamics and damage functions, and the role of future green technologies—on policy design. Michael Kremer, Jack Willis, and Yang You present new evidence suggesting a steady trend toward income convergence across countries since the late 1980s. They find convergence in various determinants of economic growth across countries and a flattening of the relationship between growth and these determinants. The paper challenges theories of growth arising after earlier rejections of the neoclassical growth model. Full Product DetailsAuthor: Martin Eichenbaum , Erik HurstPublisher: The University of Chicago Press Imprint: University of Chicago Press Dimensions: Width: 15.20cm , Height: 3.00cm , Length: 22.90cm Weight: 0.567kg ISBN: 9780226821719ISBN 10: 0226821714 Pages: 512 Publication Date: 20 July 2022 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In stock  We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately. Table of ContentsAbstracts pp. xix–xxii Why Has the US Economy Recovered So Consistently from Every Recession in the Past 70 Years? Robert E. Hall and Marianna Kudlyak Comments and Discussion Robert Shimer Ayşegül Şahin From Mancession to Shecession: Women’s Employment in Regular and Pandemic Recessions Titan Alon, Sena Coskun, Matthias Doepke, David Koll, and Michèle Tertilt Comments and Discussion Laura Pilossoph Loukas Karabarbounis Shocks, Institutions, and Secular Changes in Employment of Older Individuals Richard Rogerson and Johanna Wallenius Comments and Discussion Nir Jaimovich Mark Bils Climate Change Uncertainty Spillover in the Macroeconomy Michael Barnett, William Brock, and Lars Peter Hansen Comments and Discussion Mar Reguant Per Krusell Converging to Convergence Michael Kremer, Jack Willis, and Yang You Comments and Discussion Rohini Pande and Nils Enevoldsen Daron Acemoglu and Carlos MolinaReviewsAuthor InformationMartin Eichenbaum is the Charles Moskos Professor of Economics and codirector of the Center for International Macroeconomics at Northwestern University. Erik Hurst is the Frank P. and Marianne R. Diassi Distinguished Service Professor of Economics at the University of Chicago Booth School of Business. Tab Content 6Author Website:Countries AvailableAll regions |
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