Editors’ Summary of the Brookings Papers on Economic Activity – 1992 No 2

George L. Perry and

George L. Perry Senior Fellow Emeritus - Economic Studies

William C. Brainard

WCB

William C. Brainard

THIS ISSUE of the Brookings Papers on Economic Activity contains articles,
reports, and discussions presenteda t the fifty-fourthc onferenceo f
the Brookings Panel on Economic Activity, which was held in Washington,
D.C., on September 17 and 18, 1992. The first article examines the
likely impacto f resourcel imitsa nd environmentald egradationo n world
growth. The second presents a model of consumer saving behavior focusing
on the desire to prepare against job loss and income decline. The
first of three reports in this issue investigates the connection between
equipment investment and economic growth. The second analyzes the
first year of Russia’s economic reform. The last provides new estimates
of the income elasticity of money demand.