Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. 261-275: The Editors
The Central Role of Credit Crunches in Recent Financial History pp. 277-340: Albert M. Wojnilower
Oil and Economic Performance in industrial Countries pp. 341-400: William Nordhaus
Real User Costs and the Demand for Single-Family Housing pp. 401-452: Patric H. Hendershott
The Financial Valuation of the Return to Capital pp. 453-512: William C. Brainard, John B. Shoven and Laurence Weiss
Changes in Employment Prospects for Black Males pp. 513-538: Frank Levy
The Consumer Price Index and the Measurement of Recent Inflation pp. 539-573: Alan Blinder

Editors' Summary pp. vii-xxi: The Editors
Arthur M. Okun, 1928-1980 pp. 1-5: Robert J. Gordon and Robert E. Hall
Stabilization Policy Ten Years After pp. 19-90: James Tobin
Employment Fluctuations and Wage Rigidity pp. 91-142: Robert E. Hall
Exchange Rate Economics: Where Do We Stand? pp. 143-206: Rüdiger Dornbusch
Inflation in Theory and Practice pp. 207-260: George Perry

Editors' Summary pp. 259-267: The Editors
Wages, Profits, and Macroeconomic Adjustment: A Comparative Study pp. 269-332: Jeffrey D. Sachs
Mortgage Credit Availability and Residential Construction pp. 333-386: Dwight M. Jaffee and Kenneth T. Rosen
The Slowdown in Productivity Growth: Analysis of Some Contributing factors pp. 387-422: John Norsworthy, Michael J. Harper and Kent Kunze
Issues in the Analysis of Capital Formation and Productivity Growth pp. 423-446: Peter Clark
The "End-of-Expansion" Phenomenon in Short-Run Productivity Behavior pp. 447-462: Robert Gordon
The U.S. Petroleum Crisis of 1979 pp. 463-476: Philip K. Verleger, Jr.
Estimating Unemployment Duration pp. 477-479: James P. Luckett

Editors' Summary pp. 1-11: The Editors
Labor Market Dynamics and Unemployemnt: A Reconsideration pp. 13-72: Kim B. Clark and Lawrence H. Summers
Investment in the 1970s: Theory, Performance, and Prediction pp. 73-124: Peter Clark
Macro Policy Responses to Price Shocks pp. 125-166: Edward Gramlich
The Credibility Effect and Rational Expectations: Implications of the Gramlich Study pp. 167-190: William Fellner
Toward a Better Understanding of Trade Balance Trends: The Cost-Price Puzzle pp. 191-212: Robert Lawrence
Financial Innovation and the Monetary Aggregates pp. 213-229: Richard D. Porter, Thomes D. Simpson and Eileen Mauskopf
The Monetary Deceleration: What Does It MEan and Why Is It Happening pp. 231-240: William Poole
Growth and Inflation: Analysis by Industry pp. 241-257: Hendrik S. Houthhakker

Editors' Summary pp. 525-535: The Editors
Union Wage Determination: Policy Implications and Outlook pp. 537-582: Daniel J.B. Mitchell
Comments and Discussion [Union Wage Determination: Policy Implications and Outlook] pp. 583-591: Marvin H. Kosters and Michael L. Wachter
Crowding Out or Crowding In? Economic Consequences of Financing Government Deficits pp. 593-641: Benjamin M. Friedman
Comments and Discussion [Crowding Out or Crowding In? Economic Consequences of Financing Government Deficits] pp. 642-654: Stephen M. Goldfeld, John H. Kareken and Michael Hamburger
The Measurement and Determination of Loanable-Funds Saving pp. 655-685: E. Philip Howrey and Saul H. Hymans
Comments and Discussion [The Measurement and Determination of Loanable-Funds Saving] pp. 686-705: Martin Feldstein, John B. Shoven and Michael J. Boskin
Efficient-Markets Theory: Implications for Monetary Policy pp. 707-752: Frederic Mishkin
Comments and Discussion [Efficient-Markets Theory: Implications for Monetary Policy] pp. 753-768: William Poole and Franco Modigliani
The Profit Picture: Trends and Cycles pp. 769-789: Michael Lovell

Robert Aaron Gordon, 1908-1978 pp. 233-236: Joseph A. Pechman
Editors' Summary pp. 237-257: The Editors
Slowing the Wage-Price Spiral: The Macroeconomic View pp. 259-299: George Perry
Tax-Based Incomes Policies pp. 301-361: Laurence S. Seidman
Administrative Problems of Tax-Based Incomes Policies pp. 363-400: Larry L. Dildine and Emil M. Sunley
Federal Government Initiatives to Reduce the Price Level pp. 401-452: Robert W. Crandall
New Policies to Fight Inflation: Sources of Skepticism pp. 453-490: Albert Rees
A Wage-Increase Permit Plan to Stop Inflation pp. 491-505: Abba P. Lerner
Implications for Policy pp. 507-523: Gardner Ackley, Alan Greenspan and Franco Modigliani

Editors' Summary pp. 1-9: The Editors
Stabilization Policy and Private Economic Behavior pp. 11-60: Martin Neil Baily
Inflation, Tax Rules, and the Long Term-Interest Rate pp. 61-110: Martin Feldstein and Lawrence Summers
Exchange Rates and the International Adjustments Process pp. 111-158: Pentti J. K. Kouri and Jorge Braga de Macedo
An Analysis of the 1977 U.S. Trade Deficit pp. 159-190: Robert Lawrence
State and Local Budgets the Day after It Rained: Why Is the Surplus So High? pp. 191-216: Edward Gramlich
Consumer Sentiment and Spending on Consumer Durables pp. 217-232: Frederic Mishkin