Author: William C. Brainard
Publisher: Brookings Institution Press
ISBN: 9780815705888
Category : Business & Economics
Languages : en
Pages : 342
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.BPEA 2: 2001Contents include: ¡°Why Doesn¡¯t the United States Have a European-Style Welfare State?¡±Alberto Alesina and Edward Glaeser (Harvard University) and Bruce Sacerdote (Dartmouth College)¡°From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany¡±Michael C. Burda (Humboldt University, Berlin) and Jennifer Hunt (University of Montreal)¡°The Great Recession: Lessons for Macroeconomic Policy from Japan¡± Kenneth N. Kuttner (Federal Reserve Bank of New York) and Adam S. Posen (Institute for International Economics)¡°The Consumption Risk of the Stock Market¡±Jonathan A. Parker (Princeton University)
Brookings Papers on Economic Activity 2001
Author: William C. Brainard
Publisher: Brookings Institution Press
ISBN: 9780815705888
Category : Business & Economics
Languages : en
Pages : 342
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.BPEA 2: 2001Contents include: ¡°Why Doesn¡¯t the United States Have a European-Style Welfare State?¡±Alberto Alesina and Edward Glaeser (Harvard University) and Bruce Sacerdote (Dartmouth College)¡°From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany¡±Michael C. Burda (Humboldt University, Berlin) and Jennifer Hunt (University of Montreal)¡°The Great Recession: Lessons for Macroeconomic Policy from Japan¡± Kenneth N. Kuttner (Federal Reserve Bank of New York) and Adam S. Posen (Institute for International Economics)¡°The Consumption Risk of the Stock Market¡±Jonathan A. Parker (Princeton University)
Publisher: Brookings Institution Press
ISBN: 9780815705888
Category : Business & Economics
Languages : en
Pages : 342
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues.BPEA 2: 2001Contents include: ¡°Why Doesn¡¯t the United States Have a European-Style Welfare State?¡±Alberto Alesina and Edward Glaeser (Harvard University) and Bruce Sacerdote (Dartmouth College)¡°From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany¡±Michael C. Burda (Humboldt University, Berlin) and Jennifer Hunt (University of Montreal)¡°The Great Recession: Lessons for Macroeconomic Policy from Japan¡± Kenneth N. Kuttner (Federal Reserve Bank of New York) and Adam S. Posen (Institute for International Economics)¡°The Consumption Risk of the Stock Market¡±Jonathan A. Parker (Princeton University)
Innovation and the Productivity Crisis
Author: Martin Neil Baily
Publisher: Brookings Institution Press
ISBN: 081571632X
Category : Business & Economics
Languages : en
Pages : 144
Book Description
The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for "middle ground" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.
Publisher: Brookings Institution Press
ISBN: 081571632X
Category : Business & Economics
Languages : en
Pages : 144
Book Description
The collapse of U.S. productivity growth since the late 1960s has been the most severe and persistent of recent economic problems. This volume reviews the extent of the growth slowdown, evaluates several contributing factors, and suggests strategies for improvement. The authors find that inflation, recessions, oil price fluctuations, and other economic disruptions in the 1970s had an averse effect on economic performance, but, they suggest, a slowing in the pace of innovation and a failure to exploit the benefits of innovation also contributed to the weakness in productivity. Baily and Chakrabarti provide a comprehensive assessment of U.S. technology policy and its importance to growth. They argue for continued support of basic science, even though strength in this area does not give the U.S. economy an immediate competitive advantage, and advocate increased support for "middle ground" and commercial research. They conclude that this support must be structured to preserve the advantages of the market.
Confronting Policy Challenges of the Great Recession
Author: Eskander Alvi
Publisher: W.E. Upjohn Institute
ISBN: 0880996366
Category : Political Science
Languages : en
Pages : 152
Book Description
This book presents a notable group of macroeconomists who describe the unprecedented events and often extraordinary policies put in place to limit the economic damage suffered during the Great Recession and then to put the economy back on track. Contributers include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers; and Kathryn M.E. Dominguez.
Publisher: W.E. Upjohn Institute
ISBN: 0880996366
Category : Political Science
Languages : en
Pages : 152
Book Description
This book presents a notable group of macroeconomists who describe the unprecedented events and often extraordinary policies put in place to limit the economic damage suffered during the Great Recession and then to put the economy back on track. Contributers include Barry Eichengreen; Gary Burtless; Donald Kohn; Laurence Ball, J. Bradford DeLong, and Lawrence H. Summers; and Kathryn M.E. Dominguez.
Financial Restructuring to Sustain Recovery
Author: Martin Neil Baily
Publisher: Brookings Institution Press
ISBN: 0815725256
Category : Business & Economics
Languages : en
Pages : 191
Book Description
A Brookings Institution Press and Nomura Institute of Capital Markets Research publication The financial crisis of 2007–08 and the Great Recession caused more widespread economic trauma than any event since the Great Depression. With a slow and uneven recovery, encouraging stability and growth is critical. Financial Restructuring to Sustain Recovery maintains that while each part of the financial services industry can play a useful role in revving up the U.S. economic engine to full capacity, the necessary reforms are sometimes subtle and often difficult to implement. Editors Martin Neil Baily, Richard Herring, and Yuta Seki and their coauthors break recovery down by three areas: Restructuring the housing finance market Reforming the bankruptcy process Reenergizing the market for initial public offerings Included are lessons drawn from Japan's experience in overcoming its long-lasting financial crisis after the collapse of its real estate market in the 1990s. Contributors: Franklin Allen (Wharton School, University of Pennsylvania), James R. Barth (Auburn University College of Business; Milken Institute), Thomas Jackson (Simon School of Business, University of Rochester), Jay R. Ritter (Warrington College of Business, University of Florida), David Skeel (University of Pennsylvania Law School), and Glenn Yago (Milken Institute).
Publisher: Brookings Institution Press
ISBN: 0815725256
Category : Business & Economics
Languages : en
Pages : 191
Book Description
A Brookings Institution Press and Nomura Institute of Capital Markets Research publication The financial crisis of 2007–08 and the Great Recession caused more widespread economic trauma than any event since the Great Depression. With a slow and uneven recovery, encouraging stability and growth is critical. Financial Restructuring to Sustain Recovery maintains that while each part of the financial services industry can play a useful role in revving up the U.S. economic engine to full capacity, the necessary reforms are sometimes subtle and often difficult to implement. Editors Martin Neil Baily, Richard Herring, and Yuta Seki and their coauthors break recovery down by three areas: Restructuring the housing finance market Reforming the bankruptcy process Reenergizing the market for initial public offerings Included are lessons drawn from Japan's experience in overcoming its long-lasting financial crisis after the collapse of its real estate market in the 1990s. Contributors: Franklin Allen (Wharton School, University of Pennsylvania), James R. Barth (Auburn University College of Business; Milken Institute), Thomas Jackson (Simon School of Business, University of Rochester), Jay R. Ritter (Warrington College of Business, University of Florida), David Skeel (University of Pennsylvania Law School), and Glenn Yago (Milken Institute).
Getting Ahead
Author: Daniel P. McMurrer
Publisher: The Urban Insitute
ISBN: 9780877666745
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Adapted in part from the "Opportunity in America" series of policy briefs, this volume focuses on social and economic mobility in the United States. Class or family background has a strong effect on individual success, the authors find. They examine the possible reasons for this relationship; how it has changed over the past century; and the role of the economy, the welfare system, and education in opening up opportunities for the less fortunate.
Publisher: The Urban Insitute
ISBN: 9780877666745
Category : Business & Economics
Languages : en
Pages : 120
Book Description
Adapted in part from the "Opportunity in America" series of policy briefs, this volume focuses on social and economic mobility in the United States. Class or family background has a strong effect on individual success, the authors find. They examine the possible reasons for this relationship; how it has changed over the past century; and the role of the economy, the welfare system, and education in opening up opportunities for the less fortunate.
Monetary Policy Alternatives at the Zero Bound
Author: Ben S. Bernanke
Publisher: www.bnpublishing.com
ISBN: 9781607961055
Category :
Languages : en
Pages : 0
Book Description
The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on "non-standard" policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate "noarbitrage" models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset.
Publisher: www.bnpublishing.com
ISBN: 9781607961055
Category :
Languages : en
Pages : 0
Book Description
The success over the years in reducing inflation and, consequently, the average level of nominal interest rates has increased the likelihood that the nominal policy interest rate may become constrained by the zero lower bound. When that happens, a central bank can no longer stimulate aggregate demand by further interest-rate reductions and must rely on "non-standard" policy alternatives. To assess the potential effectiveness of such policies, we analyze the behavior of selected asset prices over short periods surrounding central bank statements or other types of financial or economic news and estimate "noarbitrage" models of the term structure for the United States and Japan. There is some evidence that central bank communications can help to shape public expectations of future policy actions and that asset purchases in large volume by a central bank would be able to affect the price or yield of the targeted asset.
Brookings Papers on Economic Activity: Fall 2019
Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815738293
Category : Business & Economics
Languages : en
Pages : 541
Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. Notowidigdo Policies and Payoffs to Addressing America’s College Graduation Deficit Christopher Avery, Jessica Howell, Matea Pender, and Bruce Sacerdote The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron Inflation Dynamics: Dead, Dormant, or Determined Abroad? Kristen J. Forbes Macri’s Macro: The Elusive Road to Stability and Growth Federico Sturzenegger Progressive Wealth Taxation Emmanuel Saez and Gabriel Zucman
Publisher: Brookings Institution Press
ISBN: 0815738293
Category : Business & Economics
Languages : en
Pages : 541
Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues. Contents: All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care Act Craig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. Notowidigdo Policies and Payoffs to Addressing America’s College Graduation Deficit Christopher Avery, Jessica Howell, Matea Pender, and Bruce Sacerdote The Optimal Inflation Target and the Natural Rate of Interest Philippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien Matheron Inflation Dynamics: Dead, Dormant, or Determined Abroad? Kristen J. Forbes Macri’s Macro: The Elusive Road to Stability and Growth Federico Sturzenegger Progressive Wealth Taxation Emmanuel Saez and Gabriel Zucman
Brookings Papers on Economic Activity 2001
Author: William C. Brainard
Publisher: Brookings Institution Press
ISBN: 9780815705697
Category : Business & Economics
Languages : en
Pages : 302
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents include: " An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals" by Homi Kharas, Brian Pinto, and Sergei Ulataov " Does Immigration Grease the Wheels of the Labor Market?" by George Borjas Reports " The Long and Large Decline in U.S. Output Volatility" by Olivier Blanchard and John Simon " The Predictive Power of the Index of Consumer Sentiment" by E. Philip Howrey Symposium on the U.S. Current Account " Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained?" by Richard N. Cooper " The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit" by Ronald I. McKinnon " A Portfolio View of the U.S. Current Account Deficit" by Jaume Ventura
Publisher: Brookings Institution Press
ISBN: 9780815705697
Category : Business & Economics
Languages : en
Pages : 302
Book Description
For almost thirty years, Brookings Papers on Economic Activity (BPEA) has provided academic and business economists, government officials, and members of the financial and business communities with timely research of current economic issues. Contents include: " An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals" by Homi Kharas, Brian Pinto, and Sergei Ulataov " Does Immigration Grease the Wheels of the Labor Market?" by George Borjas Reports " The Long and Large Decline in U.S. Output Volatility" by Olivier Blanchard and John Simon " The Predictive Power of the Index of Consumer Sentiment" by E. Philip Howrey Symposium on the U.S. Current Account " Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained?" by Richard N. Cooper " The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit" by Ronald I. McKinnon " A Portfolio View of the U.S. Current Account Deficit" by Jaume Ventura
Brookings Papers on Economic Activity: Spring 2021
Author: Janice Eberly
Publisher: Brookings Institution Press
ISBN: 0815739478
Category :
Languages : en
Pages : 350
Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Publisher: Brookings Institution Press
ISBN: 0815739478
Category :
Languages : en
Pages : 350
Book Description
Brookings Papers on Economic Activity (BPEA) provides academic and business economists, government officials, and members of the financial and business communities with timely research on current economic issues.
Global Waves of Debt
Author: M. Ayhan Kose
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.
Publisher: World Bank Publications
ISBN: 1464815453
Category : Business & Economics
Languages : en
Pages : 403
Book Description
The global economy has experienced four waves of rapid debt accumulation over the past 50 years. The first three debt waves ended with financial crises in many emerging market and developing economies. During the current wave, which started in 2010, the increase in debt in these economies has already been larger, faster, and broader-based than in the previous three waves. Current low interest rates mitigate some of the risks associated with high debt. However, emerging market and developing economies are also confronted by weak growth prospects, mounting vulnerabilities, and elevated global risks. A menu of policy options is available to reduce the likelihood that the current debt wave will end in crisis and, if crises do take place, will alleviate their impact.