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Title page; Table of Contents; Copyright; Introduction to the Series; Editor's Biography; Contributors; Group Photos; Preface; The State of Macro, the Financial Crisis, and New Currents; Summary; Acknowledgments; Volume 2A; Section 1: The Facts of Economic Growth and Economic Fluctuation; Chapter 1: The Facts of Economic Growth; Abstract; 1 Growth at the Frontier; 2 Sources of Frontier Growth; 3 Frontier Growth: Beyond GDP; 4 The Spread of Economic Growth; 5 Conclusion; Acknowledgments; Chapter 2: Macroeconomic Shocks and Their Propagation; Abstract; 1 Introduction.

2 Methods for Identifying Shocks and Estimating Impulse Responses3 Monetary Policy Shocks; 4 Fiscal Shocks; 5 Technology Shocks; 6 Additional Shocks; 7 Summary and Conclusions; Acknowledgments; Chapter 3: Macroeconomic Regimes and Regime Shifts; Abstract; 1 Introduction: Economic Recessions as Changes in Regime; 2 Econometric Treatment of Changes in Regime; 3 Economic Theory and Changes in Regime; 4 Conclusions and Recommendations for Researchers; Appendix; Acknowledgments; Chapter 4: The Macroeconomics of Time Allocation; Abstract; 1 Introduction; 2 Trends in Market Work.

3 A Theory of Time Use4 Time-Use Data; 5 Long-Run Trends in Time Use; 6 Life Cycle Variation in Time Use; 7 Conclusion and Discussion; Acknowledgments; Chapter 5: Who Bears the Cost of Recessions? The Role of House Prices and Household Debt; Abstract; 1 Introduction; 2 Who Bears Recession Risk? Existing Research; 3 Zip Code-Level Consumption Measures; 4 Housing Net Worth Shock and the Great Recession; 5 Models Most Closely Related to These Facts; 6 Aggregate Evidence on Household Debt; 7 Conclusion; Acknowledgments.

Chapter 6: Allocative and Remitted Wages: New Facts and Challenges for Keynesian ModelsAbstract; 1 Introduction; 2 Defining "The Wage"; 3 Background and Related Literature; 4 The Benchmark Model; 5 Empirical Measures of Real Wages; 6 Comparing the Model and the Data; 7 Conclusion; Acknowledgments; Chapter 7: Fiscal and Financial Crises; Abstract; 1 Introduction; 2 Historical Overview; 3 Financial and Fiscal Crises: A Long-Run Review of Theoretical Developments; 4 Empirics of Financial Crises Over the Long Run; 5 Fiscal Crises, Banking Crises, and the Fiscal Crisis Trilemma; 6 Conclusions.

AcknowledgmentsSection 2: The Methodology of Macroeconomics; Chapter 8: Dynamic Factor Models, Factor-Augmented Vector Autoregressions, and Structural Vector Autoregressions in Macroeconomics; Abstract; 1 Introduction; 2 DFMs: Notation and Summary of Econometric Methods; 3 DFMs for Macroeconomic Monitoring and Forecasting; 4 Identification of Shocks in Structural VARs; 5 Structural DFMs and FAVARs; 6 A Quarterly 200€+ Variable DFM for the United States; 7 Macroeconomic Effects of Oil Supply Shocks; 8 Critical Assessment and Outlook; Acknowledgments.

Chapter 9: Solution and Estimation Methods for DSGE Models.

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