Brookings Papers on Economic Activity 1989:2, Macroeconomics

Published twice a 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

WILLIAM D. NORDHAUS

Alternative Approaches to the Political Business Cycle

STEVEN N. DURLAUF

Output Persistence, Economic Structure, and the Choice of Stabilization Policy

Report

BENJAMIN M. FRIENDMAN and DAVID I. LAIBSON

Economic Implications of Extraordinary Movements in Stock Prices

Reports on Wage Development and Prospects

DANIEL J.B. MITCHELL

Wage Pressures and Labor Shortages: The 1960s and 1980s

MICHAEL L. WACHTER

Norm Shifts in Union Wages: Will 1989 Be a Reply of 1969?

Symposium on Europe 1992

MERTON J. PECK

Industrial Organization and the Gains from Europe 1992

VITTORIO GRILLI

Financial Markets and 1992

RICHARD N. COOPER

Europe without Borders

RUDIGER DORNBUSH

Europe 1992: Macroeconomic Implications