About the Author Robert E. Hall received his B.A. from the University of California, Berkeley, and his Ph.D. from the Massachusetts Institute of Technology. He taught at Berkeley and at MIT before going to Stanford. Along with his research and teaching interests, Professor Hall is chairman of the Business Cycles Dating Committee of the National Bureau for Economic Research, which maintains the official chronology of the U.S. business cycle.David H. Papell is the Joel W. Sailors Professor of Economics at the University of Houston, where he teaches intermediate macroeconomics as well as graduate courses in macroeconomics and international economics.? He received his B.A. from the University of Pennsylvania and his Ph.D. from Columbia University, and previously taught at the University of Florida. Read more
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