Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Business Credit Programs in the Pandemic Era pp. 3-60: Samuel G. Hanson, Jeremy C. Stein, Adi Sunderam and Eric Zwick
Epidemiological and Economic Effects of Lockdown pp. 61-108: Alexander Arnon, John Ricco and Kent Smetters
Macroeconomic Outcomes and COVID-19: A Progress Report pp. 111-166: Jesus Fernandez-Villaverde and Charles Jones
Temporary Unemployment and Labor Market Dynamics during the COVID-19 Recession pp. 167-226: Jessica Gallant, Kory Kroft, Fabian Lange and Matthew Notowidigdo
Effects of COVID-19 on Federal, State, and Local Government Budgets pp. 229-278: Alan Auerbach, William G. Gale, Byron Lutz and Louise Sheiner
Will the Secular Decline in Exchange Rate and Inflation Volatility Survive COVID-19? pp. 279-332: Ethan Ilzetzki, Carmen Reinhart and Kenneth Rogoff
Has the Paycheck Protection Program Succeeded? pp. 335-390: Glenn Hubbard and Michael Strain
Sizing Up Corporate Restructuring in the COVID-19 Crisis pp. 391-441: Robin Greenwood, Ben Iverson and David Thesmar

The US Labor Market during the Beginning of the Pandemic Recession pp. 3-33: Tomaz Cajner, Leland D. Crane, Ryan A. Decker, John Grigsby, Adrian Hamins-Puertolas, Erik Hurst, Christopher Kurz and Ahu Yildirmaz
Initial Impacts of the Pandemic on Consumer Behavior: Evidence from Linked Income, Spending, and Savings Data pp. 35-82: Natalie Cox, Peter Ganong, Pascal Noel, Joseph Vavra, Arlene Wong, Diana Farrell, Fiona Greig and Erica Deadman
Income and Poverty in the COVID-19 Pandemic pp. 85-118: Jeehoon Han, Bruce D. Meyer and James X. Sullivan
The Social Safety Net in the Wake of COVID-19 pp. 119-158: Marianne Bitler, Hilary W. Hoynes and Diane Schanzenbach
The Effects of the Coronavirus Pandemic in Emerging Market and Developing Economies: An Optimistic Preliminary Account pp. 161-235: Pinelopi Goldberg and Tristan Reed
Measuring the Labor Market at the Onset of the COVID-19 Crisis pp. 239-268; 316-326: Alexander Bartik, Marianne Bertrand, Feng Lin, Jesse Rothstein and Matthew Unrath
Mandated and Voluntary Social Distancing during the COVID-19 Epidemic pp. 269-326: Sumedha Gupta, Kosali Simon and Coady Wing
COVID-19 Is Also a Reallocation Shock pp. 329-383: Jose Maria Barrero, Nicholas Bloom and Steven Davis
Policies for a Second Wave pp. 385-443: David Baqaee, Emmanuel Farhi, Michael Mina and James H. Stock

The Declining Worker Power Hypothesis: An Explanation for the Recent Evolution of the American Economy pp. 1-96: Anna Stansbury and Lawrence H. Summers
How Tight Is the US Labor Market? pp. 97-165: Katharine Abraham, John C. Haltiwanger and Lea E. Rendell
When Is Growth at Risk? pp. 167-229: Mikkel Plagborg-Moller, Lucrezia Reichlin, Giovanni Ricco and Thomas Hasenzagl
Does the US Tax Code Favor Automation? pp. 231-300: Daron Acemoglu, Andrea Manera and Pascual Restrepo
What's Up with the Phillips Curve? pp. 301-373: Marco Del Negro, Michele Lenza, Giorgio Primiceri and Andrea Tambalotti

All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act pp. 1-92: Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone and Matthew Notowidigdo
Policies and Payoffs to Addressing America's College Graduation Deficit pp. 93-172: Christopher Avery, Jessica Howell, Matea Pender and Bruce Sacerdote
The Optimal Inflation Target and the Natural Rate of Interest pp. 173-255: Philippe Andrade, Jordi Galí, Hervé Le Bihan and Julien Matheron
Inflation Dynamics: Dead, Dormant, or Determined Abroad? pp. 257-338: Kristin Forbes
Macri's Macro: The Elusive Road to Stability and Growth pp. 339-436: Federico Sturzenegger
Progressive Wealth Taxation pp. 437-533: Emmanuel Saez and Gabriel Zucman

On Secular Stagnation in the Industrialized World pp. 1-76: Lukasz Rachel and Lawrence H. Summers
A Forensic Examination of China's National Accounts pp. 77-141: Wei Chen, Xilu Chen, Chang-Tai Hsieh and Zheng Song
A Unified Approach to Measuring u* pp. 143-238: Richard Crump, Stefano Eusepi, Marc Giannoni and Aysegul Sahin
Fiscal Space and the Aftermath of Financial Crises: How It Matters and Why pp. 239-331: Christina D. Romer and David Romer
Okun Revisited: Who Benefits Most from a Strong Economy? pp. 333-404: Stephanie R. Aaronson, Mary C. Daly, William Wascher and David W. Wilcox
On the Economics of a Carbon Tax for the United States pp. 405-484: Gilbert Metcalf

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

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