THIS ISSUE of Brookings Papers on Economic Activity contains articles
and reports presented at the thirty-third conference of the Brookings
Panel on Economic Activity, which was held in Washington, D.C., on
April 1 and 2, 1982. One article examines proposals for a gold standard.
A second examines alternative models for projecting the effects of policy
changesa nd assesses the forecasts of the Reagana dministrationA. third
evaluates the Swedish attempt at a countercyclical investment policy
rule. Three reports in this issue look at the significance of recent wage
concessions, the costs of reducing inflation through restrictive monetary
policy, and issues concerning how monetary policy should be conducted.