Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. 527-537: The Editors
The Current and Future Role of the Dollar: How Much Symmetry? pp. 539-592: Marina V.N. Whitman
Deposit Demand, "Hot Money," and the Viability of Thrift Institutions pp. 593-636: William E. Gibson
Primary and Secondary Labor Markets: A Critique of the Dual Approach pp. 637-694: Michael L. Wachter
Output and Labor Input in Manufacturing pp. 695-736: Christopher A. Sims
Recession and the Employment of Demographic Groups pp. 737-760: Ralph E. Smith, Jean E. Vanski and Charles C. Holt

Editors' Summary pp. 283-292: The Editors
The Distributional Effects of Higher Unemployment pp. 293-342: Edward Gramlich
The Process of Inflation in the Labor Market pp. 343-410: Robert E. Hall
Oil: Its Time Allocation and Project Independence pp. 411-448: Paul Davidson, Laurence H. Falk and Hoesung Lee
Oil Supply and Tax Incentive pp. 449-494: Edward E. Erickson, Stephen W. Millsaps and Robert M. Spann
Unemployment and Output in 1974 pp. 495-504: Arthur M. Okun
Discussion of Unemployment and Output in 1974 pp. 505: Participants Bpea
The Wage Process: An Analysis of the Early 1970s pp. 507-525: Michael L. Wachter

Editors' Summary pp. 1-11: The Editors
The Effects of External Inflationary Shocks pp. 13-62: James L. Pierce and Jared J. Enzler
Food Prices and Inflation pp. 63-116: Dale E. Hathaway
U.S. Import Prices in the Currency-Contract Period pp. 117-168: Stephen P. Magee
The Falling Share of Profits pp. 169-218: William Nordhaus
Monetary Policy in 1974 and Beyond pp. 219-232: James Tobin
Reflections on Macroeconomic Policy pp. 233-246: William Poole
Discussion of Tobin and Poole Reports pp. 246-248: Participants Bpea
Commodity Prices and the U.S. Price Level pp. 249-260: Joel Popkin
Indexing Brazilian Style: Inflation without Tears? pp. 261-282: Albert Fishlow

Editors' Introduction and Summary pp. 515-527: The Editors
The Allocation of Energy Resources pp. 529-576: William Nordhaus
The Demand for Money Revisited pp. 577-646: Stephen M. Goldfeld
Protecting Homebuilding from Restrictive Credit Conditions pp. 647-700: William E. Gibson
Capacity in Manufacturing pp. 701-742: George Perry
Capacity Utilization: Concept, Measurement, and Recent Estimates pp. 743-764: Lawrence Klein and Virginia Long
The Responses of Wages and Prices to the First Two Years of Controls pp. 765-780: Robert Gordon
The Relative Occupational Success of Blacks and Whites pp. 781-798: Robert E. Hall and Richard A. Kasten
"Rational Expectations": A Correction pp. 799-800: Thomas Sargent

Editors' Introduction and Summary pp. 327-337: The Editors
On the Use of Leading Indicators to Predict Cyclical Turning Points pp. 339-384: Saul H. Hymans
Responsiveness of the Federal Individual Income Tax to Changes in Income pp. 385-428: Joseph A. Pechman
Rational Expectations, the Real Rate of Interest, and the Natural Rate of Unemployment pp. 429-480: Thomas Sargent
The Post-Devaluation Weakness of the Dollar pp. 481-497: Walter S. Salant
The 1972-73 Food Price Spiral pp. 498-507: John A. Schnittker
Some Observations on Monetary Policy pp. 508-514: James Duesenberry

Editors' Introduction and Summary pp. 1-13: The Editors
State and Local Fiscal Behavior and Federal Grant Policy pp. 15-66: Edward Gramlich and Harvy Galper
Changes in the Labor Market for Black Americans, 1948-72 pp. 67-132: Richard Freeman
The Welfare Cost of Higher Unemployment pp. 133-206: Robert Gordon
Upward Mobility in a High-Pressure Economy pp. 207-262: Arthur M. Okun
The Current Inflation: Malign Neglect? pp. 263-284: Barry Bosworth and John Farmer
Wage-Price Controls: Where Do We Go From Here? pp. 285-299: William Poole
Discussion of Bosworth and Poole Reports pp. 300-302: Participants Bpea
Currency Contracts, Pass-Through, and Devaluation pp. 303-325: Stephen P. Magee

Editors' Introduction and Summary pp. 479-491: The Editors
The Recent Productivity Slowdown pp. 493-546: William Nordhaus
An Alternative Model of Business Investment Spending pp. 547-584: M. Ishaq Nadiri
Some Implications of Endogenous Stabilization Policy pp. 585-644: Stephen M. Goldfeld and Alan Blinder
The Welfare Effects of Restrictions on U.S. Trade pp. 645-708: Stephen P. Magee
Turnover in the Labor Force pp. 709-764: Robert E. Hall
A Note on Inflation and the Saving Rate pp. 765-778: F. Juster and Paul Wachtel
Real Spendable Weekly Earnings pp. 779-787: George Perry
Inflation and the Consumer pp. 788-790: George Katona

Editors' Introduction and Summary pp. 233-243: The Editors
Unemployment Flows in the U.S. Labor Market pp. 245-292: George Perry
Improving Monetary Control pp. 293-342: William Poole and Charles Lieberman
Phase II: The U.S. Experiment with an Incomes Policy pp. 343-384: Barry Bosworth
Wage-Price Controls and the Shifting Phillips Curve pp. 385-421: Robert J. Gordon
Discussion of Bosworth and Gordon Papers pp. 422-430: Participants Bpea
The Worldwide Wage Explosion pp. 431-466: William Nordhaus
Outlook for Federal Fiscal Policy pp. 467-477: Nancy H. Teeters

Warren L. Smith, 1914-1972 pp. 1-2: Saul H. Hymans
Editors' Summary pp. 3-13: The Editors
The Trade Effects of the 1971 Currency Realignments pp. 15-70: William Branson
Inflation and the Consumer pp. 71-122: F. Juster and Paul Wachtel
Fiscal-Monetary Activism: Some Analytical Issues pp. 123-172: Arthur M. Okun
Observations on Phase II Price and Wage Controls pp. 173-190: Gardner Ackley
Controls and Income Shares pp. 191-194: George Perry
Thoughts on Phase II pp. 195-198: Hendrik Houthakker
The Price-Wage Stabilization Program pp. 199-206: Edgar R. Fielder
Discussion of Phase II Papers pp. 207-209: Participants Bpea
The Role of Interest Rates and Inflation in the Consumption Function pp. 211-220: William Poole
The 1973 Federal Budget pp. 221-232: Nancy H. Teeters