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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

OLIVIER JEAN BLANCHARD and LAWRENCE F. KATZ

Regional Evolutions

STANLEY FISCHER

Stabilization and Economic Reform in Russia

ROBERT J. SHILLER, MAXIM BOYCKO, AND VLADIMIR KOROBOV

Hunting for Homo Sovieticus: Situational versus Attitudinal Factors in Economic Behavior

JEREMY BULOW, KENNETH ROGOFF, and AFONSO S. BEVILAQUA

Official Creditor Seniority and Burden-Sharing in the Former Soviet Bloc

Report

RUDIGER DORNBUSCH and HOLGER WOLF

Economic Transition in Eastern Germany