Brookings Papers on Economic Activity 2: 2007

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)

A Tribute to George Perry and William Brainard
Robert J. Gordon

In Honor of William Brainard and George Perry
Robert E. Hall


How Much Do We Understand about the Modern Recession?
Robert E. Hall

Unfinished Business in the Macroeconomics of Low Inflation: A Tribute to George and Bill by Bill and George
George A. Akerlof and William T. Dickens

What We Still Don't Know about Monetary and Fiscal Policy
Benjamin M. Friedman

Monetary Policy Models
Christopher A. Sims

Living with Global Imbalances
Richard N. Cooper

Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models
Robert J. Shiller

Long-Run Changes in the Wage Structure: Narrowing, Widening, Polarizing
Claudia Goldin and Lawrence F. Katz

Selected Issues in the Rise of Income Inequality
Robert J. Gordon and Ian Dew-Becker

Are We Having More Fun Yet? Categorizing and Evaluating Changes in Time Alloction
Alan B. Krueger

Who's Afraid of a Big Bad Oil Shock?
William D. Nordhaus

ISSN 0007-2303