Macro And Micro Policies For More Growth And Employment

Preface / I. Herbert Giersch -- Microeconomic IIIUII for Europe in the 1980s: Cln the NAIRU Be Tamed? / Jean Waelbroeck -- Comment / William A. Niskanen --II. The Case for Rules in the Conduct of Monetary Policy: A Concrete Example / Bennett T. McCallum -- The Rules-venut-Discretion Debate in the Light of Recent Experience / Alan S. Blinder -- Comments Robert J. Gordon, Pascal Salin, Joachim Scheide and Leland B. Yeager -- Summary of the Discusion -- Ill. Wage Gaps venus Output Gaps: Is There a Common Story for AU of Europe? / Robert J. Gordon -- Compositional Effec:tl end Unemployment in the United States and Europe / Sean Holly/Peter Smith -- Comments / Gerd Hansen and Patrick Minford -- Summary of the Discusion -- IV. Labor MMcet Berrien to More Employment: Causes for an Incrrease of the Natural Rate? The Case of West Germany Distortions, Incentives, and Growth / RUdiger Soltwedel and Peter Trapp Martin J. Bailey -- Comments / Emil-Maria Claassen, Gerhard Fels and Leland B. Yeager -- Summary of the Discusion -- v. Money Supply venus Exchange-Rate Tlll'gfting: An Asymmetry between the United States and Other Industrial Economies / Ronald I. McKinnon -- Comments / Hermann-Josef Dudler and Manfred J. M. Neumann -- Summary of the Discusion -- IV -- VI. Macroeconomic Policy Coordination: Where Should We Stand? / Gilles Oudiz -- Comments / Pascal Salin, Roland Vaubel and Manfred Willms -- Summary of the Discussion -- VII. The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach / Willem H. Buiter -- Comments / Klaus-Werner Schatz Christian Seidl -- Summary of the Discussion -- VIII. Lessons for Europe / Juergen B. Donges -- List of Contributon