Contents? Democratic Change in the Arab World, Past and Present Eric Chaney (Harvard University)? Disentangling the Channels of the 2007?2009 RecessionJames Stock (Harvard University) and Mark Watson (Princeton University)? Macroeconomic Effects of FOMC Forward GuidanceJeffrey Campbell, Charles Evans, Jonas Fisher, and Alejandro Justiniano (Federal Reserve Bank of Chicago)? Is the Debt Overhang Holding Back Consumption?Karen Dynan (Brookings Institution)? The Euro's Three CrisesJay Shambaugh (Georgetown University)? Fiscal Policy in a Depressed EconomyJ. Bradford DeLong (University of California?Berkeley) and Lawrence Summers (Harvard University )
