NBER International Seminar on Macroeconomics 2011.

The 2011 volume of NBER International Seminar on Macroeconomics, edited by Jeffrey A. Frankel and Christopher Pissarides, is available from the University of Chicago Press. This conference series brings together leading American and European economists to discuss a broad range of current issues in global macroeconomics. ISoM has met annually in Europe for over 30 years.

The papers in this year's volume fall into three categories: productivity in the international economy; a view of demand stimulus through the lens of the high level of unemployment that most advanced countries experienced in the recent global recession; and nominal and real exchange rates.

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