Brookings Papers on Economic Activity: Spring 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.

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Contents:

Editors’ Introduction

Credit Policy as Fiscal Policy, Deborah Lucas
Comments by Alan J. Auerbach and William G. Gale

Learning from Potentially Biased Statistics, Alberto Cavallo, Guillermo Cruces, and Ricardo Perez-Truglia
Comments by Stefan Nagel and Ricardo Reis

Does the United States Have a Productivity Slowdown or a Measurement Problem?, David M. Byrne, John G. Fernald, and Marshall B. Reinsdorf
Comments by Martin Neil Baily and Robert J. Gordon

Understanding Declining Fluidity in the U.S. Labor Market, Raven Molloy, Christopher L. Smith, Ricardo Trezzi, and Abigail Wozniak
Comments by Erica L. Groshen and John Haltiwanger

Measuring Income and Wealth at the Top Using Administrative and Survey Data, Jesse Bricker, Alice Henriques,Jacob Krimmel, and John Sabelhaus
Comments by Katharine G. Abraham and Wojciech Kopczuk

Income Inequality, Social Mobility, and the Decision to Drop Out of High School, Melissa S. Kearney and Phillip B. Levine
Comments by Miles Corak and Robert A. Moffitt