Brookings Papers on Economic Activity


Book Description

For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.Contents include:Articles“Product and Stock Market Responses to Automotive Product Liability Verdicts” by Steven Garber and John Adams“The Distribution of the Insurance Market Effects of Tort Liability” by Patricia H. Born and W. Kip Viscusi“The Link between Liability Reforms and Productivity: Some Empirical Evidence” by Thomas J. Campbell, Daniel P. Kessler, and George B. Shepherd“What Drives Venture Capital Fundraising” by Paul A. Gompers and Josh Lerner“Capital's Contribution to Productivity and the Nature of Competition” by Axel Börsch-Supan“Extending the East Asian Miracle: Microeconomic Evidence from Korea” by Martin Neil Baily and Eric Zitzewitz“The Tobacco Deal” by Jeremy Bulow and Paul Klemperer




Economic Events, Ideas, and Policies


Book Description

This volume examines how the application of economic analysis has affected U.S. policymaking since the 1960s.




Brookings Papers on Economic Activity, 2000


Book Description

Published twice year, BPEA offers authoritative, in-depth research on economic development for economists, government officials, and members of the financial and business communities. For nearly thirty years, BPEA has been an indispensable source for scholars and policymakers seeking objective analysis of major macroeconomic issues. Contents include: " Raising the Speed Limit: U.S. Economic Growth in the Information Age." Dale W. Jorgenson and Kevin J. Stiroh " Roots of the Recent Recoveries: Labor Reforms or Private Sector Forces?" Jean-Paul Fitoussi, David Jestaz, Edmund S. Phelps, and Gylfi Zoega " Near-Rational Wage and Price Setting and the Optimal Rates of Inflation and Unemployment." George A. Akerlof, William T. Dickens, and George L. Perry " The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions." Stephen R. Bond and Jason G. Cummins




Brookings Papers on Economic Activity: Spring 2017


Book Description

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.




Brookings Papers on Economic Activity 2000:2


Book Description

Published twice a year, these papers offer in-depth research on economic development for economists, government officials and members of the financial and business communities. The papers provide a useful source of information for those seeking objective analysis of major macroeconomic issues.




Brookings Papers on Economic Activity: Fall 2019


Book Description

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. Notowidigdo Policies and Payoffs to Addressing America’s College Graduation Deficit Christopher Avery, Jessica Howell, Matea Pender, and Bruce Sacerdote The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron Inflation Dynamics: Dead, Dormant, or Determined Abroad? Kristen J. Forbes Macri’s Macro: The Elusive Road to Stability and Growth Federico Sturzenegger Progressive Wealth Taxation Emmanuel Saez and Gabriel Zucman




The Great Inflation


Book Description

Controlling inflation is among the most important objectives of economic policy. By maintaining price stability, policy makers are able to reduce uncertainty, improve price-monitoring mechanisms, and facilitate more efficient planning and allocation of resources, thereby raising productivity. This volume focuses on understanding the causes of the Great Inflation of the 1970s and ’80s, which saw rising inflation in many nations, and which propelled interest rates across the developing world into the double digits. In the decades since, the immediate cause of the period’s rise in inflation has been the subject of considerable debate. Among the areas of contention are the role of monetary policy in driving inflation and the implications this had both for policy design and for evaluating the performance of those who set the policy. Here, contributors map monetary policy from the 1960s to the present, shedding light on the ways in which the lessons of the Great Inflation were absorbed and applied to today’s global and increasingly complex economic environment.




Hysteresis and Business Cycles


Book Description

Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.




Brookings Papers on Economic Activity: Spring 2021


Book Description

Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.




The Shadow Economy


Book Description

This book presents new data to give an overview of shadow economies from OECD countries and propose solutions to prevent illicit work.




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