Brookings Papers on Economic Activity 1996:2, Macroeconomics

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:


"What Does Monetary Policy Do?" by Eric M. Leeper, Christopher A. Sims, and Tao Zha

"Macroeconomic Implications of Variation in the Workweek of Capital" by Matthew D. Shapiro

Symposium Papers

"Economic Growth in East Asia: Accumulation versus Assimilation" by Susan M. Collins and Barry P. Bosworth

"Japan and the Asian Economies: A 'Miracle' in Transition" by Takatotshi Ito

"China's Emergence and Prospects as a Trading Nation" by Barry Naughton


"Lessons from East Asia and the Pacific Rim" by Stanley Fischer

"Some Missing Elements" by Edward J. Lincoln

"East Asian Liberalization and the Challenge from China" by Yung Chul Park