Brookings Papers on Economic Activity: Fall 2016

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:

Rules versus Discretion: A Reconsideration
Narayana Kocherlakota

Symposium on Brexit and the Global Economy
Thomas Philippon, Maurice Obstfeld, John Van Reenen, and Donald Kohn

Have Big Banks Gotten Safer?
Natasha Sarin and Larry Summers

The Long Shadow of a Fiscal Expansion
Chong-En Bai, Chang-Tai Hsieh, and Zheng (Michael) Song

Macroeconomic Effects of Disruptions in Global Food Commodity Markets: Evidence for the United States
Jasmien De Winne and Gert Peersman

Lower Oil Prices and the U.S. Economy: Is This Time Different?
Christiane Baumeister and Lutz Kilian