NBER Macroeconomics Annual 2011, Volume 26.

The twenty-sixth edition of the NBER Macroeconomics Annual, edited by Daron Acemoglu and Michael Woodford, is available from the University of Chicago Press. This annual conference series has a long tradition of featuring both theoretical and empirical contributions that shed light on central issues in contemporary macroeconomics. The papers prepared for these meetings push the frontiers of macroeconomic work in areas ranging from short-run macroeconomic fluctuations to exchange rates, financial regulation, and political economy. This year's volume features several papers that aim to illuminate the causes of the recent financial crisis and consider policies that might reduce the likelihood of similar crises in the future. Topics include analyses of the sources of asset...