Editors’ Summary of the Brookings Papers on Economic Activity – 1985 No 2

George L. Perry and

George L. Perry Senior Fellow Emeritus - Economic Studies

William C. Brainard

WCB

William C. Brainard

THIS ISSUE of Brookings Papers on Economic Activity contains papers
and discussions presented at the fortieth conference of the Brookings
Panel on Economic Activity, which was held in Washington, D.C., on
September 12 and 13, 1985. The papers cover a wide range of topics of
policy and professional interest. One article analyzes and evaluates the
floating exchange rate system. Another studies the aggregate consumption
function, including the response of consumption spending to the tax
changes of the 1980s. One article and a shorter report examine the Latin
American debt problem. Two other reports focus on union wage developments
and on technological innovation as an explanation for productivity.