Brookings Papers on Economic Activity 2002:1

For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.

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Contents include:

Puzzles About the American Economy in the Current Recession and Recovery William Nordhaus (Yale)

Intangible Assets: How the Interaction of Computers and Organizational Structure Affects Stock Market Valuations Erik Brynjolfsson (MIT), Loren Hitt (MIT), and Shinkyu Yang (NYU)

Current Unemployment, Historically Contemplated Chinhui Juhn (University of Houston), Kevin Murphy (USC), and Robert Topel (University of Chicago)

Catching Up with the Leaders: The Irish Hare Patrick Honohan (World Bank) and Brendan Walsh (University College Dublin)

First World Governments and Third World Debt: A Bankruptcy Court for Sovereign Lending? Jeremy Bulow (Stanford)

Resolving the Debt Crisis of Low-Income Countries Jeffrey Sachs (Harvard)

Sovereigns in Distress: Do They Need Bankruptcy? Michelle White (University of Michigan)

William C. Brainard is professor of economics at Yale University. George L. Perry is a senior fellow in the Economic Studies program at the Brookings Institution.