Brookings Papers on Economic Activity

1970 - 2025

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. ix-xxxii: The Editors
The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power pp. 347-432: Martin Neil Baily and Robert Gordon
How Does Macroeconomic Policy Affect Output? pp. 433-494: J. Bradford DeLong and Lawrence Summers
Job Switching and Job Satisfaction in the U.S. Labor Market pp. 495-594: George Akerlof, Andrew Rose and Janet Yellen
Capital Gains Taxation in the United States: Realizations, Revenue, and Rhetoric pp. 595-638: Alan Auerbach
Global Adjustments to a Shrinking U.S. Trade Deficit pp. 639-674: Jeffrey D. Sachs
The Buyback Boondoggle pp. 675-704: Jeremy Bulow and Kenneth Rogoff
Comprehensive Debt Retirement: The Bolivian Example pp. 705-715: Jeffrey D. Sachs

Editors' Summary pp. ix-xxxiii: The Editors
The New Keynsesian Economics and the Output-Inflation Trade-off pp. 1-82: Laurence Ball, N. Gregory Mankiw and David Romer
Is There a Corporate Debt Crisis? pp. 83-140: Ben Bernanke and John Campbell
Financing Constraints and Corporate Investment pp. 141-206: Steven Fazzari, R. Glenn Hubbard and Bruce Petersen
Examining Alternative Macroeconomic Theories pp. 207-270: Bruce C. Greenwald and Joseph Stiglitz
Back to the Future: European Unemployment Today Viewed from America in 1939 pp. 271-312: Robert Gordon
Disaggregated Wage Developments pp. 313-346: Wayne Vroman and John Abowd

Summary of the Papers pp. xiii-xxxix: Martin Neil Baily
Productivity and Changes in Ownership of Manufactoring Plants pp. 643-684: Frank Lichtenberg and Donald Siegel
Industrial Relations and Productivity in the U.S. Automobile Industry pp. 685-728: Harry C. Katz, Thomas A. Kochan and Jeffrey H. Keefe
Product Development in the World Auto Industry pp. 729-782: Kim B. Clark, W. Bruce Chew and Takahiro Fujimoto
Appropriating the Returns from Industrial Research and Development pp. 783-832: Richard C. Levin, Alvin K. Klevorick, Richard Nelson and Sidney Winter
Do Entry Conditions Vary across Markets? pp. 833-882: Timothy Bresnahan and Peter C. Reiss
Technological Change, Sunk Costs, and Competition pp. 883-947: Joseph Stiglitz

Walter W. Heller, 1915-1987 pp. viii-xi: Joseph A. Pechman
Editors' Summary pp. xiii-xxxviii: The Editors
Thrift Industry Crisis: Causes and Solutions pp. 349-388: R. Dan Brumbaugh, Jr. and Andrew S. Carron
Korean Growth Policy pp. 389-454: Rüdiger Dornbusch and Yung Chul Park
Tax Policy and Corporate Saving pp. 455-516: James Poterba
Imports in Japan: Closed Markets or Minds? pp. 517-554: Robert Lawrence
U.S. Commercial Banks and the Developing-Country Debt Crisis pp. 555-606: Jeffrey Sachs and Harry Huizinga
Why Is U.S. National Saving So Low? pp. 607-642: Lawrence Summers and Christopher Carroll

Editors' Summary pp. ix-xxviii: The Editors
The Persistence of the U.S. Trade Deficit pp. 1-56: Paul Krugman and Richard Baldwin
Aggregate and Individual Price Adjustment pp. 57-122: Olivier Blanchard
Keynesian and Classical Unemployment in Four Countries pp. 123-206: Robert M. Coen and Bert G. Hickman
Help-Wanted Advertising, Job Vacancies, and Unemployment pp. 207-248: Katharine Abraham
External Balance Correction: Depreciation or Protection pp. 249-270: Rüdiger Dornbusch
The Effects of U.S. Trade Protection for Autos and Steel pp. 271-288: Robert W. Crandall
The Protectionist Prescription: Errors in Diagnosis and Cure pp. 289-310: Robert Lawrence and Robert Litan
Protection and Retaliation: Changing the "Rules of the Game" pp. 311-335: Catherine Mann
Comments and Discussion (Symposium on Trade Protection) pp. 337-348: Gary Hufbauer

Editors' Summary pp. ix-xxxi: The Editors
Lessons from the 1986 Oil Price Collapse pp. 237-284: Dermot Gately
Market Structure and Macroeconomic Fluctuations pp. 285-338: Robert Hall
Why is the Unemployment Rate So Very High near Full Employment pp. 339-396: Lawrence Summers
Managing the LDC Debt Crisis pp. 397-440: Jeffrey Sachs
The Farm Debt Crisis and Public Policy pp. 441-486: Charles Calomiris, R. Glenn Hubbard and James H. Stock
Causes of the 1980s Slump in Europe pp. 487-520: Jean-Paul Fitoussi and Edmund Phelps
A Quick Fix for the Unemployment Estimate pp. 521-534: Michael Lovell

Editors' Summary pp. ix-xxv: The Editors
Liquidity Constraints, Fiscal Policy, and Consumption pp. 1-60: R. Glenn Hubbard and Kenneth Judd
The Term Structure of Interest Rates Revisited pp. 61-110: N. Gregory Mankiw
Investment, Output, and the Cost of Capital pp. 111-164: Matthew Shapiro
Target Zones and the Management of the Dollar pp. 165-174: John Williamson
The Limits of Monetary Coordination As Exchange Rate Policy pp. 175-194: William Branson
Dealing with the Trade Deficit in a Floating Rate System pp. 195-208: Richard N. Cooper
Flexible Exchange Rate and Excess Capital Mobility pp. 209-226: Rüdiger Dornbusch
Comments and Discussion (Symposium on Exchange Rates, Trade, and Capital Flows) pp. 227-235: Stanley Fischer