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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.

Learn more about the BPEA conference series.

Contents:

Editors' Summary (Full Text - PDF)

Articles:

International Reserves in Emerging Market Countries: Too Much of a Good Thing? (Abstract - PDF)
Olivier Jeanne

Explaining a Productive Decade (Abstract - PDF)
Stephen D. Oliner, Daniel E. Sichel, and Kevin J. Stiroh

Foreign Capital and Economic Growth (Abstract - PDF)
Eswar S. Prasad, Raghuram G. Rajan, and Arvind Subramanian

The Effect of Dividends on Consumption (Abstract - PDF)
Malcolm Baker, Stefan Nagel, and Jeffrey Wurgler

Report:

Cracking the Conundrum (Abstract - PDF)
David K. Backus and Jonathan H. Wright

ISSN: 0007-2303