Olivier Blanchard is C. Fred Bergsten Senior Fellow at the Peterson Institute for International Economics, Washington, D.C. David Romer is Herman Royer Professor of Political Economy at the University of California, Berkeley. Michael Spence, co-recipient of the 2001 Nobel Prize in Economics, is Professor Emeritus of Management at Stanford University's Graduate School of Business and Professor of Economics at New York University's Stern School of Business. He served as Chairman of the Commission on Growth and Development from 2006 to 2010 (the life of the commission). He is the author of The Next Convergence: The Future of Economic Growth in a Multispeed World. Joseph Stiglitz, a 2001 Nobel Laureate, is University Professor at Columbia University.
This collection of specialized papers, written by well-known
scholars in their fields of macroeconomics, does an excellent job
of not only explaining the financial crisis but also answering some
of the concerns that policy makers have raised regarding the
effectiveness of both monetary and fiscal policy.
*R.M.Ramazani, Choice*
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