An agenda for the Federal Reserve’s review of its monetary policy framework

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BPEA | 1994 No. 2

Editors’ Summary of the Brookings Papers on Economic Activity – 1994 No 2

1994, No. 2


THIS ISSUE of the Brookings Papers on Economic Activity contains articles
and discussions presented at the fifty-eighth conference of the
Brookings Panel on Economic Activity, which was held in Washington,
D.C., on September 8 and 9, 1994. The articles span a range of topics:
the effects of tax changes on business investment; liquidity constraints
as a determinant of inventory fluctuations; the effects of not coordinating
fiscal and monetary policies; the increasing transitory variance of
earnings; and the likely contribution of computers and related equipment
to productivity.