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Brookings Papers on Economic Activity

1970 - 2019

From Economic Studies Program, The Brookings Institution
Contact information at EDIRC.

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Volume 50, issue 1 (Spring), 2019

On Secular Stagnation in the Industrialized World Keywords: stagnation, fiscal policy, economic recovery, industrial economy. market indicators, interest rates, monetary policy, regulatory policy pp. 1-76 Downloads
Lukasz Rachel and Lawrence Summers

Volume 49, issue 2 (Fall), 2018

The European Central Bank’s Monetary Policy during Its First 20 Years pp. 1-146 Downloads
Philipp Hartman and Frank Smets
Accounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia pp. 147-250 Downloads
Emmanuel Farhi and Francois Gourio
The Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis pp. 251-342 Downloads
Ben S. Bernanke
The Cyclical Sensitivity in Estimates of Potential Output pp. 343-441 Downloads
Olivier Coibion, Yuriy Gorodnichenko and Mauricio Ulate
Should the Federal Reserve Regularly Evaluate Its Monetary Policy Framework? pp. 443-517 Downloads
Jeffrey Fuhrer, Giovanni Olivei, Eric S. Rosengren and Geoffrey M.B. Tootell
Monetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky? pp. 521-541 Downloads
Kristin Forbes
The Efficacy of Large-Scale Asset Purchases When the Short-Term Interest Rate Is at Its Effective Lower Bound pp. 543-554 Downloads
James D. Hamilton
The Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates pp. 555-572 Downloads
Eric Swanson
Comments on Monetary Policy at the Effective Lower Bound pp. 573-579 Downloads
Janet Yellen
Symposium on Monetary Policy at the Effective Lower Bound: General Discussion pp. 580-588 Downloads
Participants Bpea

Volume 49, issue 1 (Spring), 2018

Is Automation Labor Share–Displacing? Productivity Growth, Employment, and the Labor Share pp. 1-87 Downloads
David Autor and Anna Salomons
Safety Nets Investments in Children pp. 89-150 Downloads
Hilary Hoynes and Diane Schanzenbach
Jobs for the Heartland: Place-Based Policies in 21st-Century America pp. 151-255 Downloads
Benjamin Austin, Edward Glaeser and Lawrence Summers
Macroeconomic Effects of the 2017 Tax Reform pp. 257-345 Downloads
Robert Barro and Jason Furman
Liquidity Crises in the Mortgage Market pp. 347-428 Downloads
You Suk Kim, Steven Laufer, Karen Pence, Richard Stanton and Nancy Wallace
Mortgage Market Design: Lessons from the Great Recession pp. 429-513 Downloads
Tomasz Piskorski and Amit Seru

Volume 48, issue 2 (Fall), 2017

Where Have All the Workers Gone? An Inquiry into the Decline of the U.S. Labor Force Participation Rate pp. 1-87 Downloads
Alan Krueger
Investmentless Growth: An Empirical Investigation pp. 89-190 Downloads
German Gutierrez and Thomas Philippon
The Rise, Fall, and Resurrection of Iceland: A Postmortem Analysis of the 2008 Financial Crisis pp. 191-308 Downloads
Sigríður Benediktsdóttir, Gauti Eggertsson and Eggert Þórarinsson
The European Trust Crisis and the Rise of Populism pp. 309-400 Downloads
Yann Algan, Sergei Guriev, Elias Papaioannou and Evgenia Passari
Options for Corporate Tax Reform in 2017 pp. 401-408 Downloads
Martin Feldstein
Demystifying the Destination-Based Cash-Flow Tax pp. 409-432 Downloads
Alan Auerbach
A Macroeconomic Perspective on Border Taxes pp. 433-447 Downloads
Gita Gopinath
Business Tax Burdens and Tax Reform pp. 449-471 Downloads
James Hines
General Discussion: Symposium on Business Tax Reform pp. 472-477 Downloads
Participants Bpea
Strengthening and Streamlining Bank Capital Regulation pp. 479-565 Downloads
Robin Greenwood, Samuel Hanson, Jeremy C. Stein and Adi Sunderam

Volume 48, issue 1 (Spring), 2017

The Disappointing Recovery of Output after 2009 pp. 1-81 Downloads
John Fernald, Robert Hall, James H. Stock and Mark Watson
The Rise and Fall of U.S. Low-Skilled Immigration pp. 83-168 Downloads
Gordon Hanson, Chen Liu and Craig McIntosh
Is Europe an Optimal Political Area? pp. 169-234 Downloads
Alberto Alesina, Guido Tabellini and Francesco Trebbi
Safety, Liquidity, and the Natural Rate of Interest pp. 235-316 Downloads
Marco Del Negro, Domenico Giannone, Marc Giannoni and Andrea Tambalotti
Monetary Policy in a Low Interest Rate World pp. 317-396 Downloads
Michael Kiley and John Roberts
Mortality and Morbidity in the 21st Century pp. 397-476 Downloads
Anne Case and Angus Deaton

Volume 47, issue 2 (Fall), 2016

Rules versus Discretion: A Reconsideration pp. 1-55 Downloads
Narayana Kocherlakota
Understanding Bank Risk through Market Measures pp. 57-127 Downloads
Natasha Sarin and Lawrence Summers
The Long Shadow of China’s Fiscal Expansion pp. 129-181 Downloads
Chong-En Bai, Chang-Tai Hsieh and Zheng (Michael) Song
Macroeconomic Effects of Disruptions in Global Food Commodity Markets: Evidence for the United States pp. 183-286 Downloads
Jasmien De Winne and Gert Peersman
Lower Oil Prices and the U.S. Economy: Is This Time Different? pp. 287-357 Downloads
Christiane Baumeister and Lutz Kilian
The Initial Economic Impact of Brexit: An Update to Early December 2016 pp. 359-366 Downloads
Maurice Obstfeld
Brexit's Long-Run Effects on the U.K. Economy pp. 367-383 Downloads
John van Reenen
General Discussion: Symposium on Brexit and the Global Economy pp. 394-402 Downloads
Participants Bpea

Volume 47, issue 1 (Spring), 2016

Credit Policy as Fiscal Policy pp. 1-57 Downloads
Deborah Lucas
Learning from Potentially Biased Statistics pp. 59-108 Downloads
Alberto Cavallo, Guillermo Cruces and Ricardo Perez-Truglia
Does the United States Have a Productivity Slowdown or a Measurement Problem? pp. 109-182 Downloads
David Byrne, John Fernald and Marshall B. Reinsdorf
Understanding Declining Fluidity in the U.S. Labor Market pp. 183-259 Downloads
Raven Molloy, Christopher Smith, Riccardo Trezzi and Abigail Wozniak
Measuring Income and Wealth at the Top Using Administrative and Survey Data pp. 261-331 Downloads
Jesse Bricker, Alice Henriques, Jacob Krimmel and John Sabelhaus
Income Inequality, Social Mobility, and the Decision to Drop Out of High School pp. 333-396 Downloads
Melissa S. Kearney and Phillip Levine

Volume 46, issue 2 (Fall), 2015

A Crisis in Student Loans? How Changes in the Characteristics of Borrowers and in the Institutions They Attended Contributed to Rising Loan Defaults pp. 1-89 Downloads
W. Looney and Constantine Yannelis
“Dynamic Scoring”: Why and How to Include Macroeconomic Effects in Budget Estimates for Legislative Proposals pp. 91-149 Downloads
Douglas Elmendorf
Inflation Targeting Does Not Anchor Inflation Expectations: Evidence from Firms in New Zealand pp. 151-225 Downloads
Saten Kumar, Hassan Afrouzi, Olivier Coibion and Yuriy Gorodnichenko
Weather-Adjusting Economic Data pp. 227-278 Downloads
Michael Boldin and Jonathan Wright
Greek Debt Sustainability and Official Crisis Lending pp. 279-305 Downloads
Julian Schumacher and Beatrice Weder di Mauro
The Pitfalls of External Dependence: Greece, 1829–2015 pp. 307-328 Downloads
Carmen Reinhart and Christoph Trebesch
Greek Budget Realities: No Easy Option pp. 329-347 Downloads
Christopher L. House and Linda L. Tesar
Is the Greek Crisis One of Supply and Demand? pp. 349-373 Downloads
Yannis Ioannides and Christopher Pissarides
General Discussion: Symposium on the Greek Debt Crisis pp. 374-383 Downloads
Participants Bpea
Overcoming the Lost Decades? Abenomics after Three Years pp. 385-431 Downloads
Joshua Hausman and Johannes Wieland
Looking for a Success in the Euro Crisis Adjustment Programs: The Case of Portugal pp. 433-458 Downloads
Ricardo Reis

Volume 46, issue 1 (Spring), 2015

Deciphering the Fall and Rise in the Net Capital Share: Accumulation or Scarcity? pp. 1-69 Downloads
Matthew Rognlie
Welfare and Distributional Implications of Shale Gas pp. 71-139 Downloads
Catherine Hausman and Ryan Kellogg
Risk Management for Monetary Policy Near the Zero Lower Bound pp. 141-219 Downloads
Charles Evans, Jonas Fisher, Francois Gourio and Spencer Krane
Economic Analysis and Statistical Disclosure Limitation pp. 221-293 Downloads
John Abowd and Ian Schmutte
Grasp the Large, Let Go of the Small: The Transformation of the State Sector in China pp. 295-366 Downloads
Chang-Tai Hsieh and Zheng (Michael) Song
Support for Redistribution in an Age of Rising Inequality: New Stylized Facts and Some Tentative Explanations pp. 367-433 Downloads
Vivekinan Ashok, Ilyana Kuziemko and Ebonya Washington
Page updated 2023-03-20