Brookings Papers on Economic Activity: Fall 2010

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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Contents:

• 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)