The distinguished International Seminar on Macroeconomics has
met annually in Europe for thirty years. The papers in the 2007
volume discuss interest-setting and central bank transparency;
expectations, monetary policy, and traded good prices; public
investment and the golden rule; the role of institutions,
confidence, and trust in financial integration within EU countries;
international portfolios with supply, demand, and redistributive
shocks; transmission and stabilization in closed and open
economies; capital flows and asset prices; and welfare implications
of financial globalization without financial development. The 2008
papers discuss the employment effects of workweek regulation in
France; trade pricing effects of the Euro; reflections on monetary
policy in the open economy; firm-size distribution and
cross-country income differences; and exchange rates and the margin
of trade.
General
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