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Brookings Papers on Economic Activity: Spring 2009

David H. Romer, Justin Wolfers
Release Date: September 9, 2009

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: Editors’...

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 Financial Crisis: An Inside View By Phillip Swagel

Understanding Inflation-Indexed Bond Markets By John Y. Campbell, Robert J. Shiller, and Luis M. Viceira

Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending By Christina D. Romer and David H. Romer

Causes and Consequences of the Oil Shock of 2007-08 By James D. Hamilton

Why Doesn’t Capitalism Flow to Poor Countries? By Rafael Di Tella and Robert MacCulloch, reviewing a previous edition or volume

Authors

The New Editors

David Romer is the Herman Royer Professor of Political Economy at Berkeley and is currently a senior resident scholar at the International Monetary Fund. He is director of the Program in Monetary Economics at the National Bureau of Economic Research and is a member of the NBER's Business Cycle Dating Committee.

JustinWolfers is an associate professor in the Business and Public Policy department at theWharton School. He is also a faculty research fellow with the National Bureau of Economic Research.