<DIV><DIV><P>United States monetary policy has traditionally been modeled under the assumption that the domestic economy is immune to international factors and exogenous shocks. Such an assumption is increasingly unrealistic in the age of integrated capital markets, tightened links between national...</p></div></div>

<DIV><DIV><P>The <I>NBER Macroeconomics Annual </I>provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy. . The papers and accompanying discussions in <I>NBER Macroeconomics Annual 2008</I>, which<DIV>include contributions from leading...</div></i></i></p></div></div>

<DIV><DIV><P>The <I>NBER Macroeconomics Annual </I>provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in <I>NBER Macroeconomics...</i></i></p></div></div>

<DIV>The <I>NBER Macroeconomics Annual</I> provides a forum for important debates in contemporary macroeconomics and major developments in the theory of macroeconomic analysis and policy that include leading economists from a variety of fields. The papers and accompanying discussions in <I>NBER Macroeconomics...</i></i></div>