Brookings Papers on Economic Activity 1989: 2, Macroeconomics

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Contents include:

Articles

WILLIAM D. NORDHAUS

Alternative Approaches to the Political Business Cycle

STEVEN N. DURLAUF

Output Persistence, Economic Structure, and the Choice of Stabilization Policy

Report

BENJAMIN M. FRIENDMAN and DAVID I. LAIBSON

Economic Implications of Extraordinary Movements in Stock Prices

Reports on Wage Development and Prospects

DANIEL J.B. MITCHELL