Abstract
THE BROOKINGS PAPERS ON ECONOMIC ACTIVITY is a unique and amazing
institution, created by three visionaries, two of whom we thank and appreciate
in this volume, George Perry and William Brainard. We should not,
however, forget the founding contributions of Arthur Okun, who died in
1980, even though many readers know them only from the classic Brookings
Papers of the 1970s, still full of wisdom.
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