E00-1 MACROECONOMIC THEORY
Chair: Luiz Fernando Cerqueira, Federal Fluminense University at Niterói — Brazil

John Silvia and Azhar Iqbal, Wachovia Corporation — USA, Profits: Mean Reverting with High Volatility

Markus Brückner, Universitat Pompeu Fabra; Universitat Barcelona — Spain, Consumption Smoothing in the Least Developed Countries

Hideyuki Kamiryo, Hiroshima Shudo University, Reserach Institute for Environmental Economics — Japan, Endogenous Phillips Line in Equilibrium Useful to Policy-Makers

Ulrich Fritsche, University Hamburg — Germany and Ingrid Groessl, University Hamburg — , New Keynesian DSGE Models and the IS-LM Paradigm

Discussants: Luiz Fernando Cerqueira, Federal Fluminense University at Niterói — Brazil and Yao Tang, University of British Columbia — Canada

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