Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. ix-xxxv: The Editors
Central Bank Transparency and the Signal Value of Prices pp. 1-66: Stephen Morris and Hyun Song Shin
Where Did Productivity Growth Go? Inflation Dynamics and the Distribution of Income pp. 67-150: Ian Dew-Becker and Robert Gordon
Are Empowerment and Education Enough? Underdiversification in 401(k) Plans pp. 151-214: James Choi, David Laibson and Brigitte Madrian
A Robust Strategy for Sustainable Energy pp. 215-284: Klaus S. Lackner and Jeffrey D. Sachs
Gauging Employment: Is the Professional Wisdom Wrong? pp. 285-321: George C. Perry

Editors' Summary pp. ix-xxxvi: The Editors
International Investors, the U.S. Current Account, and the Dollar pp. 1-66: Olivier Blanchard, Francesco Giavazzi and Filipa Sa
Global Current Account Imbalances and Exchange Rate Adjustments pp. 67-146: Maurice Obstfeld and Kenneth Rogoff
Is It 1958 or 1968? Three Notes on the Longevity of the Revived Bretton Woods System pp. 147-210: Michael Dooley and Peter Garber
Is the U.S. Current Account Deficit Sustainable? If Not, How Costly Is Adjustment Likely to Be? pp. 211-288: Sebastian Edwards
Asset Returns and Economic Growth pp. 289-330: Dean Baker, J. Bradford Delong and Paul Krugman

Editors' Summary pp. ix-xxxviii: The Editors
Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment pp. 1-100: Ben Bernanke, Vincent Reinhart and Brian P. Sack
Budget Deficits, National Saving, and Interest Rates pp. 101-210: William Gale and Peter Orszag
What Happened to the Great U.S. Job Machine? The Role of Trade and Electronic Offshoring pp. 211-284: Martin Neil Baily and Robert Lawrence
Investment, Fiscal Policy, and Capital Overhang pp. 285-355: Mihir A. Desai and Austan Goolsbee

Editors' Summary pp. ix-xxxviii: The Editors
Assessing the Impact of Welfare Reform on Single Mothers pp. 1-116: Hanming Fang and Michael Keane
Ending Africa's Poverty Trap pp. 117-240: Author-Name: Jeffrey D. Sachs, John McArthur, Guido Schmidt-Traub, Margaret Kruk, Chandrika Bahadur, Michael Faye and Gordon McCord
Demography and the Long-Run Predictability of the Stock Market pp. 241-326: Author-Name: John Geanakoplos, Michael Magill and Martine Quinzii
What Does the Public Know about Economic Policy, and How Does It Know It? pp. 327-397: Alan Blinder and Alan Krueger

Editors' Summary pp. ix-xxxix: The Editors
Liberalization, Growth, and Financial Crises: Lessons from Mexico and the Developing World pp. 1-112: Aaron Tornell, Frank Westermann and Lorenza Martinez
The Empirics of Growth: An Update pp. 113-206: Barry Bosworth and Susan M. Collins
Exploding Productivity Growth: Context, Causes, and Implications pp. 207-298: Robert Gordon
Is There a Bubble in the Housing Market? pp. 299-362: Karl Case and Robert Shiller

Editors' Summary pp. ix-xxxix: The Editors
Debt Intolerance pp. 1-74: Carmen Reinhart, Kenneth Rogoff and Miguel A. Savastano
Fiscal Policy, Past and Present pp. 75-138: Alan Auerbach
The Zero Bound on Interest Rates and Optimal Monetary Policy pp. 139-235: Gauti Eggertsson and Michael Woodford
Policy Evaluation in Uncertain Economic Environments pp. 235-322: William Brock, Steven Durlauf and Kenneth West
Did Pension Plan Accounting Contribute to a Stock Market Bubble? pp. 323-371: Julia Lynn Coronado and Steven Sharpe

Editors' Summary pp. ix-xxxv: The Editors
The Role of Models and Probabilities in the Monetary Policy Process pp. 1-62: Christopher Sims
Robust Monetary Policy Rules with Unknown Natural Rates pp. 63-146: Athanasios Orphanides and John Williams
Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle? pp. 147-210: Olivier Blanchard and Francesco Giavazzi
Productivity Growth and the New Economy pp. 211-265: William Nordhaus

Editors' Summary pp. ix-xxxi: The Editors
Catching Up with the Leaders: The Irish Hare pp. 1-78: Patrick Honohan and Brendan Walsh
Current Unemployment, Historically Contemplated pp. 79-136: Chinhui Juhn, Kevin Murphy and Robert Topel
Intangible Assets: How the Interaction of Computers and Organizational Structure Affects Stock Market Valuations pp. 137-198: Erik Brynjolfsson, Lorin Hitt and Shinkyu Yang
The Recent Recession, the Current Recovery, and Stock Prices pp. 199-228: William Nordhaus
First World Governments and Third World Debt: A Bankruptcy Court for Sovereign Lending? pp. 229-256: Jeremy Bulow
Resolving the Debt Crisis of Low-Income Countries pp. 257-286: Jeffrey D. Sachs
Sovereigns in Distress: Do They Need Bankruptcy? pp. 287-320: Michelle White
Do We Need a New Bankruptcy Regime? pp. 321-333: Nouriel Roubini
How Would a New Bankruptcy Regime Help? pp. 334-340: Hal S. Scott
Debt Restructuring: Evolution or Revolution? pp. 341-349: Edwin Truman

Editors' Summary pp. ix-xxxvii: The Editors
From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany pp. 1-92: Michael Burda and Jennifer Hunt
The Great Recession: Lessons for Macroeconomic Policy from Japan pp. 93-186: Kenneth Kuttner and Adam Posen
Why Doesn't the United States Have a European-Style Welfare State? pp. 187-278: Alberto Alesina, Edward Glaeser and Bruce Sacerdote
The Consumption Risk of the Stock Market pp. 279-348: Jonathan Parker

Editors' Summary pp. ix-xxxv: The Editors
An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals pp. 1-68: Homi Kharas, Brian Pinto and Sergei Ulatov
Does Immigration Grease the Wheels of the Labor Market? pp. 69-134: George Borjas
The Long and Large Decline in U.S. Output Volatility pp. 135-174: Olivier Blanchard and John Simon
The Predictive Power of the Index of Consumer Sentiment pp. 175-216: E. Howrey
Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained? pp. 217-226: Richard N. Cooper
The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit pp. 227-241: Ronald McKinnon
A Portfolio View of the U.S. Current Account Deficit pp. 241-258: Jaume Ventura