Monetary Economics Program Meeting.

• Position: Program and Working Group Meetings

The NBER's Monetary Economics Program met in Cambridge on November 9, 2012. NBER Research Associates Guido Lorenzoni and Jonathan Parker, Northwestern University, organized this program:

* Emmanuel Farhi, Harvard University and NBER, and Ivan Werning, MIT and NBER, "Fiscal Unions"

* Itamar Drechsler, New York University; Thomas Drechsel and David Marques-Ibanez, European Central Bank; and Philipp Schnabl, New York University and NBER, "Who Borrows from the Lender of Last Resort? Evidence from the European Financial Crisis"

* Susanto Basu, Boston College and NBER, "Productivity and the Welfare of Nations"

* Stefano Eusepi, Federal Reserve Bank of New York, and Bruce Preston, Monash University and NBER, "Fiscal Foundations of Inflation...