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...West, University of Wisconsin and NBER, and Nelson C. Mark, University of Notre Dame and NBER, "Exchange Rate Models Are Not As Bad As You Think"

Discussants: Kenneth Rogoff, and Barbara Rossi, Duke University

Kiminori Matsuyama, Northwestern University, "Aggregate Implications of Credit Market Imperfections"

Discussants: Mark Gertler, New York University and NBER, and Nobuhiro Kiyotaki, Princeton University and NBER

Philippe Aghion, Harvard University and NBER, and Ioana Marinescu, University of Chicago, "Cyclical Budgetary Policy and Economic Growth: What Do We Learn from OECD Panel Data?"

Discussants: Ricardo J. Caballero, MIT and NBER, and Anil K Kashyap, University of Chicago and NBER

Roberto Perotti, Universita Bocconi and NBER, "In Search of the Transmission Mechanism of Fiscal Policy"

Discussants: Ricardo Reis, Princeton University and NBER, and Valerie Ramey, University of California, San Diego and NBER

Jesus Fernandez-Villaverde, Duke University and NBER, and Juan Rubio-Ramirez, Duke University, "How Structural Are...

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