NBER International Seminar on Macroeconomics 2012

The topics covered in this volume fall into four categories: exchange rates, global business cycles, the financial crisis, and unemployment and the Great Recession. The chapters included look at a model developed to analyze the use of capital-account policies to peg the real exchange rate and assess various models for forecasting the Euro to US dollar exchange rate during the recent financial crisis. Other chapters explore the impact on trade flows and the desirability and effects of official bailouts and the unemployment experience during the Great Recession, its propagation and the sluggish road to recovery.