John Leahy – författare

Provides a forum for leading economists to participate in important debates in macroeconomics and to report on major developments in macroeconomic analysis and policy.The NBER Macroeconomics Annual presents research on central issues in contemporary macroeconomics. Martin Kornejew, Chen Lian, Yueran Ma, Pablo Ottonello, and Diego Perez investigate the role of bankruptcy institutions in mitigating the economic fallout of credit crunches following booms and find that efficient institutions reduce the adverse effect of credit tightening on GDP. Santiago Camara, Lawrence Christiano, and Hüsnü Dalgic analyze the global effects of US monetary policy shocks, with particular attention to trade channels and financial frictions, and find that tighter US monetary policy leads to more pronounced contractions in emerging markets than in advanced economies. David Altig, Alan Auerbach, Erin Eidschun, Laurence Kotlikoff, and Victor Yifan Ye assess the welfare costs of inflation through interactions with tax and benefit programs and show that imperfect indexation leads to welfare losses for some households and gains for others. Paul Beaudry, Chenyu Hou, and Franck Portier examine inflation dynamics and find that supply shocks and inflation expectations are pivotal for explaining them. Finally, Davide Debortoli and Jordi Galí develop a simplified two-agent new Keynesian (TANK) model to emulate more complex heterogeneous agent new Keynesian (HANK) models, and use it to examine the many channels through which heterogeneity influences aggregate fluctuations.

Whenever sailors are confronted with ''unsolvable'' problems--be it a fouled anchor or paint that won''t dry--they often throw up their hands and exclaim, ''We''d better ask the Chief.'' That refrain, heard for generations throughout the Navy, is the theme for Jack Leahy''s newest book. Written at sea, his book provides a compelling picture of the Chief Petty Officer''s community in the U.S. Navy.As a guest of the Chief Petty Officer''s mess aboard USS George Washington during Operation Enduring Freedom, Leahy was granted complete and unfettered access to all areas of the massive carrier and the other ships in her battle group. He interviewed nearly one hundred Navy Chiefs from the aviation, surface, submarine, and special warfare communities and recounts their stories of daily life at sea. In doing so, he presents the true backbone of the modern Navy: the wisdom, character, and dignity of the Chief Petty Officer''s community. This book of contemporaneous oral history follows the format that proved so successful with Leahy''s earlier book on Navy boot camp. Color photographs help bring the story to life.

J. F. Leahy chronicles the transition of eighty-one men and women from civilians to sailors at the U.S. Navy Recruit Training Command in Great Lakes, Illinois. Granted unlimited and unprecedented access to the recruits during the fall of 2000, his examination of the unique American institution -—popularly known as boot camp -—offers a look into the hearts and minds of a group of young people who are a cross section of the nation. The work offers a unique view into the training experience of all recruits and sheds light on the differences between those entering the military services and the society they serve.