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Brookings Papers on Economic Activity: Fall 2010

Edited by David H. Romer and Justin Wolfers

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

• The Increase in Income Cyclicality of High-Income Households and Its Relation to the Rise in Top Income Shares By Jonathan A. Parker and Annette Vissing-Jorgensen (Northwestern University)

• The State of the Social Safety Net in the Post-Welfare Reform Era By Marianne P. Bitler (University of California, Irvine) and Hilary W. Hoynes (University of California, Davis)

• The Impact of No Child Left Behind on Students, Teacheres, and Schools By Thomas S. Dee (University of Virginia) and Brian A. Jacob (University of Michigan)

• How Useful Are Estimated DSGE Model Forecasts for Central Bankers? By Rochelle M. Edge (Board of Governors of the Federal Reserve System) and Refet S. Gürkaynak (Bilkent University)

• Regulating the Shadow Banking System By Gary Gorton and Andrew Metrick (Yale University)

• State Fiscal Policies and Transitory Income Fluctuations By James R. Hines, Jr. (University of Michigan)

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