Brookings Papers on Economic Activity

1970 - 2025

From Economic Studies Program, The Brookings Institution
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Why the Geographic Variation in Health Care Spending Cannot Tell Us Much About the Efficiency or Quality of Our Health Care System pp. 1-72: Louise Sheiner
Efficient Credit Policies in a Housing Debt Crisis pp. 73-136: Janice Eberly and Arvind Krishnamurthy
Seesaws and Social Security Benefits Indexing pp. 137-196: Matthew Weinzierl
Labor Force Participation: Recent Developments and Future Prospects pp. 197-275: Stephanie Aaronson, Tomaz Cajner, Bruce Fallick, Felix Galbis-Reig, Christopher Smith and William Wascher
The Early Impact of the Affordable Care Act, State by State pp. 277-355: Amanda Kowalski

Abenomics: Preliminary Analysis and Outlook pp. 1-76: Joshua Hausman and Johannes Wieland
The Wealthy Hand-to-Mouth pp. 77-153: Greg Kaplan, Giovanni L. Violante and Justin Weidner
Effects of Unconventional Monetary Policy on Financial Institutions pp. 155-227: Gabriel Chodorow-Reich
Are the Long-Term Unemployed on the Margins of the Labor Market? pp. 229-299: Alan Krueger, Judd Cramer and David Cho
Debt and Incomplete Financial Markets: A Case for Nominal GDP Targeting pp. 301-373: Kevin Sheedy
The Political Economy of Discretionary Spending: Evidence from the American Recovery and Reinvestment Act pp. 375-441: Chris Boone, Arindrajit Dube and Ethan Kaplan

The Decline of the U.S. Labor Share pp. 1-63: Michael Elsby, Bart Hobijn and Ayseful Sahin
Unseasonal Seasonals? pp. 65-126: Jonathan Wright
The Impacts of Expanding Access to High-Quality Preschool Education pp. 127-192: Elizabeth Cascio and Diane Schanzenbach
Amerisclerosis? The Puzzle of Rising U.S. Unemployment Persistence pp. 193-260: Olivier Coibion, Yuriy Gorodnichenko and Dmitri Koustas
Is This Time Different? The Slowdown in Healthcare Spending pp. 261-323: Amitabh Chandra, Jonathan Holmes and Jonathan Skinner
Boom, Bust, Recovery: Forensics of the Latvia Crisis pp. 325-388: Olivier Blanchard, Mark Griffiths and Bertrand Gruss

The Missing "One-Offs": The Hidden Supply of High-Achieving, Low-Income Students pp. 1-65: Caroline Hoxby and Christopher Avery
Rising Inequality: Transitory or Persistent? New Evidence from a Panel of U.S. Tax Returns pp. 67-142: Jason DeBacker, Bradley Heim, Vasia Panousi, Shanthi Ramnath and Ivan Vidangos
The Portugese Slump and Crash and the Euro Crisis pp. 143-210: Ricardo Reis
The Minimum Balance at Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market Funds pp. 211-278: Patrick E. McCabe, Marco Cipriani, Michael Holscher and Antoine Martin
Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within Countries pp. 279-340: Asli Demirguc-Kunt and Leora Klapper
Fifty Years of Family Planning: New Evidence on the Long-Run Effects of Increasing Access to Contraception pp. 341-409: Martha Bailey

Editors' Introduction pp. vii-viii: The Editors
Political Polarization and the Dynamics of Political Language: Evidence from 130 Years of Partisan Speech pp. 1-81: Jacob Jensen, Ethan Kaplan, Suresh Naidu and Laurence Wilse-Samson
The Ins and Outs of Forecasting Unemployment: Using Labor Force Flows to Forecast the Labor Market pp. 83-131: Régis Barnichon and Christopher Nekarda
Winning the War: Poverty from the Great Society to the Great Recession pp. 133-200: Bruce D. Meyer and James Sullivan
The Reveral of the Employment-Population Ratio in the 2000s: Facts and Explanations pp. 201-264: Robert Moffitt
What Have They Been Thinking? Homebuyer Behavior in Hot and Cold Markets pp. 265-315: Karl Case, Robert Shiller and Anne K. Thompson
Capital Controls: Gates versus Walls pp. 317-367: Michael Klein

Macroeconomic Effects of Federal Reserve Forward Guidance pp. 1-80: Jeffrey Campbell, Charles Evans, Jonas Fisher and Alejandro Justiniano
Disentangling the Channels of the 2007-09 Recession pp. 81-156: James H. Stock and Mark Watson
The Euro's Three Crises pp. 157-231: Jay Shambaugh
Fiscal Policy in a Depressed Economy pp. 233-297: J. Bradford DeLong and Lawrence Summers
Is a Household Debt Overhang Holding Back Consumption pp. 299-362: Karen Dynan
Democratic Change in the Arab World, Past and Present pp. 363-414: Eric Chaney

Editors' Summary pp. vii-xiv: The Editors
Recessions and the Costs of Job Loss pp. 1-72: Steven Davis and Till Von Wachter
What Do Small Businesses Do? pp. 73-142: Erik Hurst and Benjamin Pugsley
Unemployment Insurance and Job Search in the Great Recession pp. 143-213: Jesse Rothstein
The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy pp. 215-287: Arvind Krishnamurthy and Annette Vissing-Jorgensen
Practical Monetary Policy: Examples from Sweden and the United States pp. 289-352: Lars Svensson
The Labor Market in the Great Recession — An Update to September 2011 pp. 353-384: Michael Elsby, Bart Hobijn, Aysegul Sahin and Robert Valletta
The Income- and Expenditure-Side Estimates of U.S. Output Growth — An Update to 2011Q2 pp. 385-411: Jeremy J. Nalewaik

Editors' Summary pp. vii-xiii: The Editors
Job Search, Emotional Well-Being and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data pp. 1-81: Alan Krueger and Andreas Mueller
Financially Fragile Households: Evidence and Implications pp. 83-150: Annamaria Lusardi, Daniel Schneider and Peter Tufano
Let's Twist Again: A High-Frequency Event-study Analysis of Operation Twist and Its Implications for QE2 pp. 151-207: Eric Swanson
An Exploration of Optimal Stabilization Policy pp. 209-272: N. Gregory Mankiw and Matthew Weinzierl
What Explains the German Labor Market Miracle in the Great Recession pp. 273-335: Michael Burda and Jennifer Hunt
Inflation Dynamics and the Great Recession pp. 337-405: Laurence Ball and Sandeep Mazumder