THE BROOKINGS PANEL on Economic Activity held its twenty-fifth conference in Washington, D .C., on April 20 and 21, 1978. The papers presented
then and published in this issue assessed various aspects of proposed
innovative policies to slow inflation. This marks the first time that
an entire conference of the panel, and hence an entire issue of this journal,
has been concentrated on a single topic. In financing the special conference,
the Brookings Panel was aided by grants from the Ford Foundation
and from the U.S. Department of Labor, in addition to its ongoing
support from the National Science Foundation.