This is volume 2 issue 4 of Journal of Political Economy Macroeconomics. Journal of Political Economy Macroeconomics (JPE Macro) strives to publish high-quality theoretical and empirical research papers that address issues of relevance to macroeconomics. Macroeconomics is interpreted in a broad sense and includes issues related to the traditional macroeconomic topics of growth, fluctuations, and distribution, as well as issues that connect and interact with topics from monetary economics, labor economics, finance, trade, international economics, industrial organization, political economy, public finance, and development economics.