Abstract
THIS ISSUE OF Brookings Papers on Economic Activity contains papers
and discussions presented at the thirty-ninth conference of the Brookings
Panel on Economic Activity, which was held in Washington, D.C., on
April 4 and 5, 1985. Three articles cover, respectively, the determinants
of U. S. business investment, wage developments in declining, unionized
industries, and the U.S. economic policy posture during the 1980s. A
special symposium of three short papers and three discussion papers
explores exchange rate movements and their implications. One shorter
report examines the disinflation of the 1980s.
