Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. 281-291: The Editors
The Inefficiency of Short-Run Monetary Targets for Monetary Policy pp. 293-346: Benjamin M. Friedman
Corporate Investment: Does Market Valuation Matter in the Aggregate? pp. 347-408: George von Furstenberg
World Inflation and Monetary Accommodation in Eight Countries pp. 409-478: Robert Gordon
A Perspective on the Debt of Deveoloping Countries pp. 479-510: Robert Solomon
Macroeconomic Effects of Selective Public Employment and Wage Subsidies pp. 511-544: Martin Neil Baily and James Tobin
Intermediate Swings in Labor-Force Participation pp. 545-576: Michael L. Wachter

Editors' Summary pp. 1-10: The Editors
Potential Output and Productivity pp. 11-60: George Perry
Investment, Interest Rates, and the Effects of Stabilization Policies pp. 61-122: Robert E. Hall
What Depressed the Consumer? The Household Balance Sheet and the 1973-75 Recession pp. 123-174: Frederic Mishkin
Is a Tax Rebate an Effective Tool for Stabilization Policy? pp. 175-210: Franco Modigliani and Charles Steindel
Is the Rate of Profit Falling? pp. 211-228: Martin Feldstein and Lawrence Summers
Worker Upgrading and the Business Cycle pp. 229-252: Wayne Vroman
Can the Inflation of the 1970s be Explained? pp. 253-279: Robert J. Gordon

Editors' Summary pp. 527-536: The Editors
Flexible Exchange Rates in the Short Run pp. 537-584: Rüdiger Dornbusch and Paul Krugman
Contract Theory and the Moderation for Inflation by Recession and by Controls pp. 585-634: Martin Neil Baily
Wage Interdependence in Unionized Labor Markets pp. 635-682: Robert J. Flanagan
The Case of the Missing Money pp. 683-740: Stephen M. Goldfeld
Interpretation of a Regularity in the Behavior of M2 pp. 741-763: William Fellner and Dan Larkins

Kermit Gordon, 1916-1976 pp. 283-287: Walter W. Heller
Editors' Summary pp. 289-296: The Editors
Capacity Creation in Basic-Materials Industries pp. 297-350: Barry Bosworth
Inventory Behavior in Durable-Goods Manufacturing: The Target-Adjustment Model pp. 351-408: Martin Feldstein and Alan Auerbach
Impact of Minimum Wages on Other Wages, Employment, and Family Incomes pp. 409-462: Edward Gramlich
Rational Expectations in the Macro Model pp. 463-514: William Poole
The Extent of Job Search during Layoff pp. 515-526: Thomas F. Bradshaw and Janet L. Scholl

Editors' Summary pp. 1-13: The Editors
Inflation Accounting and Nonfinancial Corporate Profits: Financial Assets and Liabilities pp. 15-66: John B. Shoven and Jeremy I. Bulow
Public Employment as Fiscal Policy pp. 67-114: Michael Wiseman
The Changing Cyclical Responsiveness of Wage Inflation pp. 115-168: Michael L. Wachter
Employment Instability and High Unemployment Rates pp. 169-210: Stephen T. Marston
Testing for and Removing Bias in the Seasonally Adjusted Unemployment Series pp. 211-224: John A. Brittain
Least-Squares Seasonally Adjusted Unemployment Data pp. 225-243: Michael Lovell
Discussion of Brittain, Lovell and Early Reports pp. 243-245: Participants Bpea
Interpreting the Fed's Monetary Targets pp. 247-260: William Poole
Some Problems of Money Demand pp. 261-280: Jared Enzler, Lewis Johnson and John Paulus
Discussion: Some Problems of Money Demand pp. 280-282: Participants Bpea

Editors' Summary pp. 481-490: The Editors
Global Monetarism and the Monetary Approach to the Balance of Payments pp. 491-556: Marina V. N. Whitman
Inflation Accounting and Nonfinancial Corporate Profits: Physical Assets pp. 557-612: John B. Shoven and Jeremy I. Bulow
The Impact of Aggregate Demand on Prices pp. 613-670: Robert Gordon
The 1972-75 Commodity Boom pp. 671-724: Richard N. Cooper and Robert Lawrence
The Importance of Temporary Layoffs: An Empirical Analysis pp. 725-745: Martin Feldstein

Editors' Summary pp. 247-256: The Editors
The Stock Market and the Economy pp. 257-300: Barry Bosworth
The Rigidity of Wages and the Persistence of Unemployment pp. 301-350: Robert E. Hall
Inflation: Its Mechanics and Welfare Costs pp. 351-402: Arthur M. Okun
Determinants of Wage Inflation Around the World pp. 403-448: George Perry
Falling Profits, Rising Profit Margins, and the Full-Employment Profit Rate pp. 449-472: Charles L. Schultze
Why Was the Consumer Feeling So Sad? pp. 473-479: Michael Lovell

Editors' Summary pp. 1-12: The Editors
The Impact of Unemployment Insurance on Job Search pp. 13-60: Stephen T. Marston
The Allocation of "Oil Deficits" pp. 61-88: Robert Solomon
Interest Rates and Their Prospect in the Recovery pp. 89-122: James L. Pierce
Monetary Policy during the Recession pp. 123-140: William Poole
Targets for Monetary Policy in the Coming Year pp. 141-166: Franco Modigliani and Lucas Papademos
The Optimal Timing of Unemployment in a Recession pp. 167-182: Edward Gramlich
Alternative Responses of Policy to External Supply Shocks pp. 183-206: Robert Gordon
A Postmortem of the 1974 Recession pp. 207-221: Arthur M. Okun
Policy Alternatives for 1974 pp. 222-237: George Perry
Resource Needs Revisited pp. 238-245: Richard N. Cooper