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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:

Articles

LAURENCE BALL, N. GREGORY MANKIW, and DAVID ROMER

The New Keynsesian Enconomics and the Output-Inflation Trade-off

BEN S. BERNANKE and JOHN Y. CAMPBELL

Is There a Corporate Debt Crisis?

STEVEN M. FAZZARI, R. GLENN HUBBARD, and BRUCE C. PETERSEN

Financing Constraints and Corporate Investment

BRUCE C. GREENWALD and JOSEPH E. STIGLITZ

Examining Alternative Macroeconomic Theories

Reports

ROBERT J. GORDON

Back to the Future: European Unemployment Today Viewed from America in 1939

WAYNE VROMAN and JOHN M. ABOWD

Disaggregated Wage Developments