Brookings Papers on Economic Activity: Spring 2009

The Brookings Papers on Economic Activity, long one of Brookings’s signature publications, has new leadership. The two incoming editors have both made outstanding contributions to economic research and the communication of economic ideas to a broad audience. They will ensure that BPEA continues to be a central meeting place for leading scholars analyzing important economic problems.

The new editorial team will retain BPEA’s focus on empirical research of current issues in macroeconomics and economic policy, emphasizing real-world events and institutions. The journal will uphold its tradition of excellence in areas such as fiscal and monetary policy, labor markets, wages and prices, the distribution of income and wealth, international capital flow, and international trade and development.

Learn more about the BPEA conference series.


  • Editors' Summary (Full Text)

  • The Financial Crisis: An Inside View (Abstract)
    By Phillip Swagel (Georgetown University)

  • Understanding Inflation-Indexed Bond Markets (Abstract)
    By John Y. Campbell (Harvard University), Robert J. Schiller (Yale University), and Luis M. Viceira (Harvard University)

  • Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending (Abstract)
    By Christina D. Romer and David Romer (University of California, Berkeley)

  • Causes and Consequences of the Oil Shock of 2007-08 (Abstract)
    By James D. Hamilton (University of California, San Diego)

  • Why Doesn't Capitalism Flow to Poor Countries (Abstract)
    By Rafael Di Tella (Harvard University) and Robert MacCulloch (Imperial College, London)

  • ISSN 007-2303