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Brookings Papers on Economic Activity: Fall 2020

Edited by Janice Eberly and James H. Stock; Guest editor Steven J. Davis, Jason Furman, and David H. Romer
Fall 2020 Special Edition

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.


Contents:

Session One: Monetary Issues and Epidemiology

Business Credit Programs in the Pandemic Era
Samuel G. Hanson, Jeremy C. Stein, Adi Sunderam, and Eric Zwick

Epidemiological and Economic Effects of Lockdown
Alexander Arnon, John Ricco, and Kent Smetters

Session Two: Epidemiology across Countries and Labor Markets

Macroeconomic Outcomes and COVID-19: A Progress Report
Jesús Fernández-Villaverde and Charles I. Jones

Temporary Unemployment and Labor Market Dynamics during the COVID-19 Recession
Jessica Gallant, Kory Kroft, Fabian Lange, and Matthew J. Notowidigdo

Session Three: Fiscal Policy and International Implications

Effects of COVID-19 on Federal, State, and Local Government Budgets
Alan J. Auerback, William G. Gale, Byron Lutz, and Louise Sheiner

Will the Secular Decline in Exchange Rate and Inflation Volatility Survive COVID-19?
Ethan Ilzetzki, Carmen M. Reinhart, and Kenneth S. Rogoff

Session Four: Business Dynamics and Policy

Has the Paycheck Protection Program Succeeded?
Glenn Hubbard and Michael R. Strain

Sizing Up Corporate Restructuring in the COVID-19 Crisis
Robin Greenwood, Ben Iverson, and David Thesmar

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