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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Editors' Summary (Full Text - PDF)
International Reserves in Emerging Market Countries: Too Much of a Good Thing? (Abstract - PDF)
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
Cracking the Conundrum (Abstract - PDF)
David K. Backus and Jonathan H. Wright