Brookings Papers on Economic Activity

1970 - 2025

From Economic Studies Program, The Brookings Institution
Contact information at EDIRC.
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The Employment Impact of a Green Fiscal Push: Evidence from the American Recovery and Reinvestment Act pp. 1-69: David Popp, Francesco Vona, Giovanni Marin and Ziqiao Chen
The Economic Gains from Equity pp. 71-139: Shelby R. Buckman, Laura Y. Choi, Mary C. Daly and Lily M. Seitelman
Government and Private Household Debt Relief during COVID-19 pp. 141-221: Susan Cherry, Erica Jiang, Tomasz Piskorski and Amit Seru
The Social Cost of Carbon: Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount Rates pp. 223-305: Kevin Rennert, Brian Prest, William Pizer, Richard G. Newell, David Anthoff, Cora Kingdon, Lisa Rennels, Roger Cooke, Adrian E. Raftery, Hana Sevcikova and Frank Errickson
Losing the Inflation Anchors pp. 307-379: Ricardo Reis
On the Persistence of the China Shock pp. 381-476: David Autor, David Dorn and Gordon Hanson

The Sustainability of State and Local Pensions: A Public Finance Approach pp. 1-63: Jamie Lenney, Byron Lutz, Finn Schuele and Louise Sheiner
Behavior and the Dynamic of Epidemics pp. 67-88: Andrew Atkeson
The Fiscal Policy Response to the Pandemic pp. 89-110: Christina D. Romer
Supporting Workers and Families in the Pandemic Recession: Results in 2020 and Suggestions for 2021 pp. 111-139: Krista Ruffini and Abigail Wozniak
General Discussion on Panel "COVID-19 and Economic Policy after One Year" pp. 140-142: Participants Bpea
Congruent Financial Regulation pp. 143-196: Andrew Metrick and Daniel Tarullo
The Brookings Panel's Contributions to Research on Labor Markets pp. 199-212: Robert E. Hall
Productivity and Growth over the Years at BPEA pp. 213-229: Robert J. Gordon
BPEA and Monetary Policy over Fifty Years pp. 231-250: Alan Blinder
The Economic Costs of Pretrial Detention pp. 251-315: Will Dobbie and Crystal Yang
Advanced Cognitive Skill Deserts in the United States: Their Likely Causes and Implications pp. 317-366: Caroline M. Hoxby

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 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 Summers
How Tight Is the US Labor Market? pp. 97-165: Katharine Abraham, John 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 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