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.
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Contents:
- Editors' Summary (Full Text)
- Financial Crash, Commodity Prices, and Global Imbalances (Abstract)
By Ricardo J. Caballero (MIT), Emmanuel Farhi (Harvard University), and Pierre-Olivier Gourinchas (University of California, Berkeley)
- Making Sense of the Subprime Crisis (Abstract)
By Kristopher Gerardi (Federal Reserve Bank of Atlanta), Andreas Lehnert (Board of Governors of the Federal Reserve), Shane M. Sherlund (Board of Governors of the Federal Reserve), and Paul Willen (Federal Reserve Bank of Boston)
- The Central Role of Home Prices in the Current Financial Crisis: How Will the Market Clear? (Abstract)
By Karl E. Case (Wellesley College)
- Beyond Leveraged Losses: The Balance Sheet Effects of the Home Price Downturn (Abstract)
By Jan Hatzius (Goldman Sachs)
- Financial Regulation in a System Context (Abstract)
By Stephen Morris and Hyun Song Shin (Princeton University)
- The Unofficial Economy and Economic Development (Abstract)
By Rafael La Porta (Dartmouth College) and Andrei Shleifer (Harvard University)
- The Real Exchange Rate and Economic Growth (Abstract)
By Dani Rodrik (Harvard University)
ISSN 007-2303