Brookings Papers on Economic Activity

1970 - 2024

From Economic Studies Program, The Brookings Institution
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Editors' Summary pp. ix-xxx: The Editors
Extreme Inflation: Dynamics and Stabilization pp. 1-84: Rüdiger Dornbusch, Ferico Sturzenegger and Holger Wolf
The Cyclical Behovior of the Gross Flows of U.S. Workers pp. 85-156: Olivier Blanchard and Peter Diamond
The Stock Market and Investment: Is the Market a Sideshow? pp. 157-216: Randall Morck, Andrei Shleifer and Robert Vishny
European Monetary Reform: Progress and Prospects pp. 217-292: Alberto Giovannini
Privitization in Eastern Europe: The Case of Poland pp. 293-342: David Lipton and Jeffrey Sachs
U.S. Current Account Adjustment: An Appraisal pp. 343-392: Robert Lawrence

Summary of Papers pp. ix-xxxviii: Martin Neil Baily
Hostile Takeovers in the 1980s: The Return to Corporate Specialization pp. 1-84: Sanjai Bhagat, Andrei Shleifer and Robert W. Vishny
The Impact of Corporate Restructuring on Industrial Research and Development pp. 85-135: Bronwyn H. Hall
R&D Cooperation and Competition pp. 137-203: Michael Katz and Janusz A. Ordover
Vertical Integration and Market Foreclosure pp. 205-286: Oliver Hart and Jean Tirole
The Concentration-Margins Relationship Reconsidered pp. 287-335: Michael Salinger
Capital, Labor, and Productivity pp. 337-367: Paul Romer
The Productivity of Capital in a Period of Slower Growth pp. 369-420: Martin Neil Baily and Charles L. Schultze

Editors' Summary pp. ix-xxxi: The Editors
An Aging Society: Opportunity or Challenge? pp. 1-74: David Cutler, James Poterba, Louise M. Sheiner and Lawrence H. Summers
Creating a Market Economy in Eastern Europe: The Case of Poland pp. 75-148: David Lipton and Jeffrey D. Sachs
New Evidence on the Monetary Transmission Mechanism pp. 149-214: Christina Romer and David Romer
Inflation and Uncertainty at Long and Short Horizons pp. 215-254: Laurence Ball and Stephen Cecchetti
U.S. Corporate Leverage: Developments in 1987 and 1988 pp. 255-286: Ben Bernanke, John Campbell and Toni Whited
Soviet Economic Reform: The Longest Road pp. 287-318: William Nordhaus

Joseph A. Pechman, 1918-1989 pp. viii-ix: George Perry
Editors' Summary pp. xi-xxxv: The Editors
Alternative Approaches to the Political Business Cycle pp. 1-68: William Nordhaus
Output Persistence, Economic Structure, and the Choice of Stabilization Policy pp. 69-136: Steven Durlauf
Economic Implications of Extraordinary Movements in Stock Prices pp. 137-190: Benjamin M. Friedman and David Laibson
Wage Pressures and Labor Shortages: The 1960s and 1980s pp. 191-231: Daniel J. B. Mitchell
Norm Shifts in Union Wages: Will 1989 Be a Replay of 1969? pp. 233-276: Michael L. Wachter and William H. Carter
Industrial Organization and the Gains from Europe 1992 pp. 277-300: Merton J. Peck
Financial Markets and 1992 pp. 301-324: Vittorio Grilli
Europe without Borders pp. 325-340: Richard N. Cooper
Europe 1992: Macroeconomics Implications pp. 341-381: Rüdiger Dornbusch

Summary of Papers pp. ix-xlix: Martin Neil Baily
The Economic Theory of Regulation after a Decade of Deregulation pp. 1-59: Sam Peltzman
Enhancing the Performance of the Deregulated Air Transportation System pp. 61-123: Steven A. Morrison and Clifford Winston
Regulatory Failure, Regulatory Reform, and Structural Change in the Electrical Power Industry pp. 125-208: Paul Joskow
Industry Rents: Evidence and Implications pp. 209-290: Lawrence Katz and Lawrence H. Summers
Patents: Recent Trends and Puzzles pp. 291-330: Zvi Griliches
Patent Renewal Data pp. 331-410: Ariel Pakes and Margaret Simpson

Editors' Summary pp. ix-xxvi: The Editors
The Beveridge Curve pp. 1-76: Olivier Blanchard and Peter Diamond
Institutional Change and the Efficacy of Monetary Policy pp. 77-124: Barry Bosworth
International Stock Price Movements: Links and Messages pp. 125-180: George von Furstenberg and Bang Jeon
Assessing the Federal Reserve's Measures of Capacity and Utilization pp. 181-242: Matthew D. Shapiro
Cleaning Up the Depository Institutions Mess pp. 243-296: R. Dan Brumbaugh, JR., Andrew S. Carron and Robert Litan
Exchange Rate Pass-through in the 1980s: The Case of U.S. Imports of Manufactures pp. 297-337: Peter Hooper and Catherine Mann

Editors' Summary pp. ix-xxxii: The Editors
The Productivity Slowdown, Measurement Issues, and the Explosion of Computer Power pp. 347-432: Martin Neil Baily and Robert Gordon
How Does Macroeconomic Policy Affect Output? pp. 433-494: J. Bradford DeLong and Lawrence H. Summers
Job Switching and Job Satisfaction in the U.S. Labor Market pp. 495-594: George Akerlof, Andrew Rose and Janet Yellen
Capital Gains Taxation in the United States: Realizations, Revenue, and Rhetoric pp. 595-638: Alan Auerbach
Global Adjustments to a Shrinking U.S. Trade Deficit pp. 639-674: Jeffrey D. Sachs
The Buyback Boondoggle pp. 675-704: Jeremy Bulow and Kenneth Rogoff
Comprehensive Debt Retirement: The Bolivian Example pp. 705-715: Jeffrey D. Sachs

Editors' Summary pp. ix-xxxiii: The Editors
The New Keynsesian Economics and the Output-Inflation Trade-off pp. 1-82: Laurence Ball, N. Gregory Mankiw and David Romer
Is There a Corporate Debt Crisis? pp. 83-140: Ben Bernanke and John Campbell
Financing Constraints and Corporate Investment pp. 141-206: Steven Fazzari, R. Glenn Hubbard and Bruce Petersen
Examining Alternative Macroeconomic Theories pp. 207-270: Bruce C. Greenwald and Joseph Stiglitz
Back to the Future: European Unemployment Today Viewed from America in 1939 pp. 271-312: Robert Gordon
Disaggregated Wage Developments pp. 313-346: Wayne Vroman and John Abowd