Brookings Papers on Economic Activity

1970 - 2025

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. ix-xxvi: The Editors
A Reconsideration of Investment Behavior Using Tax Reforms as Natural Experiments pp. 1-74: Jason G. Cummins, Kevin Hassett and R. Glenn Hubbard
Inventory Investment, Internal-Finance Fluctuation, and the Business Cycle pp. 75-138: Robert Carpenter, Steven Fazzari and Bruce Petersen
Policy games: Coordination and Independece in Monetary and Fiscal Policies pp. 139-216: William Nordhaus
The Growth of Earnings Instability in the U.S. Labor Market pp. 217-272: Peter Gottschalk and Robert Moffitt
Computers and Output Growth Revisited: How Big Is the Puzzle? pp. 273-334: Stephen Oliner and Daniel Sichel

Summary of Papers pp. ix-xvii: Peter C. Reiss
Explaining Regulatory Policy pp. 1-49: Clifford Winston and Robert W. Crandall
Measuring Industry-Specific Protection: Antidumping in the United States pp. 51-118: Robert Staiger and Frank A. Wolak
Alcohol Consumption and Young Adults' Socioeconomic Status pp. 119-175: Donald Kenkel and David Ribar
The Extent and Consequences of Job Turnover pp. 177-248: Patricia Anderson and Bruce D. Meyer
Economic Issues in Reform of Health Care Financing pp. 249-299: Henry Aaron and Barry Bosworth
Competition Policy in Russia during and after Privatization pp. 301-381: Paul Joskow, Richard Schmalensee and Natalia Tsukanova

Editors' Summary pp. ix-xxxiv: The Editors
Trade and Jobs in Manufacturing pp. 1-84: Jeffrey D. Sachs and Howard Shatz
Do Saving Incentives Work? pp. 85-180: Eric M. Engen, William Gale and John Scholz
The Effect of Health Insurance on Retirement pp. 181-252: Brigitte Madrian
Mexico: Stabilization, Reform, and No Growth pp. 253-316: Rüdiger Dornbusch and Alejandro Werner
Productivity and Real Wages: Is There a Puzzle? pp. 317-343: Barry Bosworth and George Perry

Summary of Papers pp. ix-xxv: Martin Neil Baily
Productivity Levels in Germany, Japan, and the United States: DiJferences and Causes pp. 1-69: Bart van Ark and Dirk Pilat
Competition, Regulation, and Efficiency in Service Industries pp. 71-159: Martin Neil Baily
International Trade and American Wages in the 1980s: Giant Sucking Sound or Small Hiccup? pp. 161-226: Robert Lawrence and Matthew J. Slaughter
Fat: The Displacement of Nonproduction Workers from U.S. Manufacturing Industries pp. 227-288: Richard E. Caves and Matthew B. Krepps
Industrial Research during the 1980s: Did the Rate of Return Fall? pp. 289-343: Bronwyn Hall
Implementing a National Technology Strategy with Self-Organizing Industry Investment Boards pp. 345-399: Paul Romer

Editors' Summary pp. ix-xxxiv: The Editors
Looting: The Economic Underworld of Bankruptcy for Profit pp. 1-74: George Akerlof and Paul Romer
Movements in the Equity Premium pp. 75-138: Olivier Blanchard
Privatizing Russia pp. 139-192: Maxim Boycko, Andrei Shleifer and Robert Vishny
Economic Activity and the Short-term Credit Markets: An Analysis of Prices and Quantities pp. 193-284: Benjamin M. Friedman and Kenneth Kuttner
Poverty, Income Distribution, and Growth: Are They Still Connected pp. 285-340: Rebecca Blank and David Card
The Responses of U.S. Firms to Exchange Rate Fluctuations: Piercing the Corporate Veil pp. 341-379: Subramanian Rangan and Robert Lawrence

Summary of Papers pp. ix-xxviii: Martin Neil Baily
Regulatory Constraints on CEO Compensation pp. 1-72: Paul Joskow, Nancy Rose and Andrea Shepard
The Incidence and Costs of Job Loss: 1982-91 pp. 73-132: Henry S. Farber
The Consumer Welfare Effects of Liability for Pain and Suffering: An Exploratory Analysis pp. 133-196: John Calfee and Clifford Winston
The Diversification of Production pp. 197-247: Boyan Jovanovic
Semiconductor Dependency and Strategic Trade Policy pp. 249-333: Kenneth Flamm
Improving Job Matches in the U.S. Labor Market pp. 335-400: John Bishop

Editors' Summary pp. ix-xxix: The Editors
The Value and Performance of U.S. Corporations pp. 1-50: Bronwyn Hall and Robert Hall
The Unstable EMS pp. 51-144: Barry Eichengreen and Charles Wyplosz
Was This Recession Different? Are They All Different? pp. 145-212: George Perry and Charles L. Schultze
Transforming State Enterprises in Poland: Evidence on Adjustment by Manufacturing Firms pp. 213-270: Brian Pinto, Marek Belka and Stefan Krajewski
The Jobless Recovery: Does It Signal a New Era of Productivity-led Growth? pp. 271-316: Robert Gordon
Tax Incentives and Equipment Investment pp. 317-347: Peter Clark

Editors' Summary pp. ix-xxvi: The Editors
Lethal Model 2: The Limits to Growth Revisited pp. 1-60: William Nordhaus
The Buffer-Stock Theory of Saving: Some Macroeconomic Evidence pp. 61-156: Christopher Carroll
Equipment Investment and Economic Growth: How Strong Is the Nexus? pp. 157-212: J. Bradford DeLong and Lawrence Summers
Prospects for Russia's Economic Reforms pp. 213-284: David Lipton and Jeffrey D. Sachs
U.S. Money Demand: Surprising Cross-Sectional Estimates pp. 285-343: Casey Mulligan and Xavier Sala-i-Martin

Summary of Papers pp. ix-xxv: Martin Neil Baily
Standard Setting in High-Definition Television pp. 1-93: Joseph Farrell and Carl Shapiro
Governance Structure, Managerial Characteristics, and Firm Performance in the Deregulated Rail Industry pp. 95-186: Ann F. Friedlaender, Ernst R. Berndt and Gerard McCullough
Productivity Dynamics in Manufacturing Plants pp. 187-267: Martin Neil Baily, Charles Hulten and David Campbell
Race and School Quality Since Brown v. Board of Education pp. 269-338: Michael A. Boozer, Alan B. Kreuger and Shari Wolkon
The Structure and Performance of the Money Management Industry pp. 339-391: Josef Lakonishok, Andrei Shleifer and Robert W. Vishny
Carbon Taxes and Economic Welfare pp. 393-454: Dale Jorgenson, Daniel T. Slesnick and Peter Wilcoxen

Editors' Summary pp. ix-xxxii: The Editors
Regional Evolutions pp. 1-76: Olivier Blanchard and Lawrence Katz
Stabilization and Economic Reform in Russia pp. 77-126: Stanley Fischer
Hunting for Homo Sovieticus: Situational versus Attitudinal Factors in Economic Behavior pp. 127-194: Robert Shiller, Maxim Boycko and Vladimir Korobov
Official Creditor Seniority and Burden-Sharing in the Former Soviet Bloc pp. 195-234: Jeremy Bulow, Kenneth Rogoff and Afonso S. Bevilaqua
Economic Transition in Eastern Germany pp. 235-272: Rüdiger Dornbusch and Holger Wolf