Brookings Papers on Economic Activity 2: 2005

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.

Contents include:

Editors' Summary (Full Text)


Central Bank Transparency and the Signal Value of Prices (Abstract)
by Stephen Morris (Princeton University) and Hyun Song Shin (Princeton University)

Where Did Productivity Growth Go? Inflation Dynamics and the Distribution of Income (Abstract)
by Ian Dew-Becker (Northwestern University) and Robert J. Gordon (Northwestern University)

Are Empowerment and Education Enough? Underdiversification in 401(k) Plans (Abstract)
by James J. Choi (Yale University), David Laibson (Harvard Univeristy), and Brigitte C. Madrian (The Wharton School, University of Pennsylvania)

A Robust Strategy for Sustainable Energy (Abstract)
by Klaus S. Lackner (Columbia University) and Jeffrey D. Sachs(Columbia University)


Gauging Employment: Is the Professional Wisdom Wrong? (Abstract)
by George C. Perry (Brookings Institution)