Content
2011, Volume 42, Issue 1 (Spring)
- 151-207 Let's Twist Again: A High-Frequency Event-study Analysis of Operation Twist and Its Implications for QE2
by Eric T. Swanson - 209-272 An Exploration of Optimal Stabilization Policy
by N. Gregory Mankiw & Matthew Weinzierl - 273-335 What Explains the German Labor Market Miracle in the Great Recession
by Michael C. Burda & Jennifer Hunt - 337-405 Inflation Dynamics and the Great Recession
by Laurence Ball & Sandeep Mazumder
2010, Volume 41, Issue 2 (Fall)
- 1-1 Editors' Summary
by The Editors - 1-70 The Increase in Income Cyclicality of High-Income Households and Its Relation to the Rise in Top Income Shares
by Jonathan A. Parker & Annette Vissing-Jorgensen - 71-147 The State of Social Safety Net in the Post-Welfare Reform Era
by Marianne P. Bitler & Hilary W. Hoynes - 149-207 The Impact of No Child Left Behind on Students, Teachers, and Schools
by Thomas S. Dee & Brian A. Jacob - 209-259 How Useful Are Estimated DSGE Model Forecasts for Central Bankers?
by Rochelle M. Edge & Refet S. Gurkaynak - 261-312 Regulating the Shadow Banking System
by Gary Gorton & Andrew Metrick - 313-350 State Fiscal Policies and Transitory Income Fluctuations
by James R. Hines Jr.
2010, Volume 41, Issue 1 (Spring)
- 1-1 Editors' Summary
by The Editors - 1-69 The Labor Market in the Great Recession
by Michael W. L. Elsby & Bart Hobijn & Aysegul Sahin - 71-127 The Income- and Expenditure-Side Estimates of U.S. Output Growth
by Jeremy J. Nalewaik - 129-199 The Rug Rat Race
by Garey Ramey & Valerie A. Ramey - 201-261 The Crisis
by Alan Greenspan - 263-323 The Initial Impact of the Crisis on Emerging Market Countries
by Olivier J. Blanchard & Mitali Das & Hamid Faruqee - 325-361 Geographic Variation in Health Care: The Role of Private Markets
by Tomas J. Philipson & Seth A. Seabury & Lee M. Lockwood & Dana P. Goldman & Darius N. Lakdawalla
2009, Volume 40, Issue 2 (Fall)
- 1-1 Editors' Summary
by The Editors - 1-49 Heeding Daedalus: Optimal Inflation and the Zero Lower Bound
by John C. Williams - 51-117 The Age of Reason: Financial Decisions over the Life Cycle and Implications for Regulation
by Sumit Agarwal & John C. Driscoll & Xavier Gabaix & David Laibson - 119-182 Interpreting the Unconventional U.S. Monetary Policy of 2007-09
by Ricardo Reis - 183-249 By How Much Does GDP Rise If the Government Buys More Output?
by Robert E. Hall - 251-276 When the North Last Headed South: Revisiting the 1930s
by Carmen M. Reinhart & Vincent R. Reinhart
2009, Volume 40, Issue 1 (Spring)
- 1-1 Editors' Summary
by The Editors - 1-78 The Financial Crisis: An Inside View
by Phillip Swagel - 79-138 Understanding Inflation-Indexed Bond Markets
by John Y. Campbell & Robert J. Shiller & Luis M. Viceira - 139-214 Do Tax Cuts Starve the Beast? The Effect of Tax Changes on Government Spending
by Christina D. Romer & David H. Romer - 215-283 Causes and Consequences of the Oil Shock of 2007-08
by James D. Hamilton - 285-332 Why Doesn't Capitalism Flow to Poor Countries?
by Rafael Di Tella & Robert MacCulloch
2008, Volume 39, Issue 2 (Fall)
- 1-1 Editors' Summary
by The Editors - 1-68 Financial Crash, Commody Prices, and Global Inbalances
by Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas - 69-159 Making Sense of the Subprime Crisis
by Kristopher Gerardi & Andreas Lehnert & Shane M. Sherlund & Paul Willen - 161-193 The Central Role of Home Prices in the Current Financial Crisis: How Will the Market Clear?
by Karl E. Case - 195-227 Beyond Leveraged Losses: The Balance Sheet Effects of the Home Price Downturn
by Jan Hatzius - 229-274 Financial Regulation in a System Context
by Stephen Morris & Hyun Song Shin - 275-363 The Unofficial Economy and Economic Development
by Rafael La Porta & Andrei Shleifer - 365-439 The Real Exchange Rate and Economic Growth
by Dani Rodrik
2008, Volume 39, Issue 1 (Spring)
- 1-1 Editors' Summary
by The Editors - 1-102 Economic Growth and Subjective Well-Being: Reassessing the Easterlin Paradox
by Betsey Stevenson & Justin Wolfers - 103-154 Trade and Wages, Reconsidered
by Paul R. Krugman - 155-253 The Economics of Place-Making Policies
by Edward L. Glaeser & Joshua D. Gottlieb - 255-350 Macroeconomic Crises since 1870
by Robert J. Barro & Jose F. Ursua - 351-429 When Does Policy Reform Work? The Case of Central Bank Independence
by Daron Acemoglu & Simon Johnson & Pablo Querubin & James A. Robinson - 431-490 Earning from History? Financial Markets and the Approach of World Wars
by Niall Ferguson
2007, Volume 38, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-6 A Tribute to George Perry and William Brainard
by Robert J. Gordon - 7-12 In Honor of William Brainard and George Perry
by Robert E. Hall - 13-30 How Much Do We Understand about the Modern Recession?
by Robert E. Hall - 31-48 Unfinished Business in the Macroeconomics of Low Inflation: A Tribute to George and Bill by Bill and George
by George A. Akerlof & William T. Dickens - 49-74 What We Still Don't Know about Monetary and Fiscal Policy
by Benjamin M. Friedman - 75-90 Monetary Policy Models
by Christopher A. Sims - 91-110 Living with Global Imbalances
by Richard N. Cooper - 111-134 Low Interest Rates and High Asset Prices: An Interpretation in Terms of Changing Popular Economic Models
by Robert J. Shiller - 135-168 Long-Run Changes in the Wage Structure: Narrowing, Widening, Polarizing
by Claudia Goldin & Lawrence F. Katz - 169-192 Selected Issues in the Rise of Income Inequality
by Robert J. Gordon & Ian Dew-Becker - 193-218 Are We Having More Fun Yet? Categorizing and Evaluating Changes in Time Alloction
by Alan B. Krueger - 219-240 Who's Afraid of a Big Bad Oil Shock?
by William D. Nordhaus
2007, Volume 38, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-80 International Reserves in Emerging Market Countries: Too Much of a Good Thing?
by Olivier Jeanne - 81-152 Explaining a Productive Decade
by Stephen D. Oliner & Daniel E. Sichel & Kevin J. Stiroh - 153-230 Foreign Capital and Economic Growth
by Eswar S. Prasad & Raghuram G. Rajan & Arvind Subramanian - 231-292 The Effect of Dividends on Consumption
by Malcolm Baker & Stefan Nagel & Jeffrey Wurgler - 293-329 Cracking the Conundrum
by David K. Backus & Jonathan H. Wright
2006, Volume 37, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-60 The Sources and Sustainability of China's Economic Growth
by Gary H. Jefferson & Albert G. Z. Hu & Jian Su - 61-102 The Return to Capital in China
by Chong-En Bai & Chang-Tai Hsieh & Yingyi Qian - 103-162 The Contradiction in China's Gradualist Banking Reforms
by Wendy Dobson & Anil K. Kashyap
2006, Volume 37, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-68 Bubble, Bubble, Where's the Housing Bubble?
by Margaret Hwang Smith & Gary Smith - 69-154 The Recent Decline in the Labor Force Participation Rate and Its Implications for Potential Labor Supply
by Stephanie Aaronson & Bruce Fallick & Andrew Figura & Jonathan Pingle & William Wascher - 155-234 Are Successive Generations Getting Wealthier, and If So, Why?
by Willaim G. Gale & Karen M. Pence - 235-304 Reforming the Defined-Benefit Pension System
by David W. Wilcox
2005, Volume 36, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-66 Central Bank Transparency and the Signal Value of Prices
by Stephen Morris & Hyun Song Shin - 67-150 Where Did Productivity Growth Go? Inflation Dynamics and the Distribution of Income
by Ian Dew-Becker & Robert J. Gordon - 151-214 Are Empowerment and Education Enough? Underdiversification in 401(k) Plans
by James J. Choi & David Laibson & Brigitte C. Madrian - 215-284 A Robust Strategy for Sustainable Energy
by Klaus S. Lackner & Jeffrey D. Sachs - 285-321 Gauging Employment: Is the Professional Wisdom Wrong?
by George C. Perry
2005, Volume 36, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-66 International Investors, the U.S. Current Account, and the Dollar
by Olivier Blanchard & Francesco Giavazzi & Filipa Sa - 67-146 Global Current Account Imbalances and Exchange Rate Adjustments
by Maurice Obstfeld & Kenneth S. Rogoff - 147-210 Is It 1958 or 1968? Three Notes on the Longevity of the Revived Bretton Woods System
by Michael Dooley & Peter Garber - 211-288 Is the U.S. Current Account Deficit Sustainable? If Not, How Costly Is Adjustment Likely to Be?
by Sebastian Edwards - 289-330 Asset Returns and Economic Growth
by Dean Baker & J. Bradford Delong & Paul R. Krugman
2004, Volume 35, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-100 Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment
by Ben S. Bernanke & Vincent R. Reinhart & Brian P. Sack - 101-210 Budget Deficits, National Saving, and Interest Rates
by William G. Gale & Peter R. Orszag - 211-284 What Happened to the Great U.S. Job Machine? The Role of Trade and Electronic Offshoring
by Martin Neil Baily & Robert Z. Lawrence - 285-355 Investment, Fiscal Policy, and Capital Overhang
by Mihir A. Desai & Austan D. Goolsbee
2004, Volume 35, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-116 Assessing the Impact of Welfare Reform on Single Mothers
by Hanming Fang & Michael P. Keane - 117-240 Ending Africa's Poverty Trap
by Author-Name: Jeffrey D. Sachs & John W. McArthur & Guido Schmidt-Traub & Margaret Kruk & Chandrika Bahadur & Michael Faye & Gordon McCord - 241-326 Demography and the Long-Run Predictability of the Stock Market
by Author-Name: John Geanakoplos & Michael Magill & Martine Quinzii - 327-397 What Does the Public Know about Economic Policy, and How Does It Know It?
by Author-Name: Alan S. Blinder & Alan B. Krueger
2003, Volume 34, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-112 Liberalization, Growth, and Financial Crises: Lessons from Mexico and the Developing World
by Aaron Tornell & Frank Westermann & Lorenza Martinez - 113-206 The Empirics of Growth: An Update
by Barry P. Bosworth & Susan M. Collins - 207-298 Exploding Productivity Growth: Context, Causes, and Implications
by Robert J. Gordon - 299-362 Is There a Bubble in the Housing Market?
by Karl E. Case & Robert J. Shiller
2003, Volume 34, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-74 Debt Intolerance
by Carmen M. Reinhart & Kenneth S. Rogoff & Miguel A. Savastano - 75-138 Fiscal Policy, Past and Present
by Alan J. Auerbach - 139-235 The Zero Bound on Interest Rates and Optimal Monetary Policy
by Gauti B. Eggertsson & Michael Woodford - 235-322 Policy Evaluation in Uncertain Economic Environments
by William A. Brock & Steven N. Durlauf & Kenneth D. West - 323-371 Did Pension Plan Accounting Contribute to a Stock Market Bubble?
by Julia Lynn Coronado & Steven A. Sharpe
2002, Volume 33, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-62 The Role of Models and Probabilities in the Monetary Policy Process
by Christopher A. Sims - 63-146 Robust Monetary Policy Rules with Unknown Natural Rates
by Athanasios Orphanides & John C. Williams - 147-210 Current Account Deficits in the Euro Area: The End of the Feldstein Horioka Puzzle?
by Olivier Blanchard & Francesco Giavazzi - 211-265 Productivity Growth and the New Economy
by William D. Nordhaus
2002, Volume 33, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-78 Catching Up with the Leaders: The Irish Hare
by Patrick Honohan & Brendan Walsh - 79-136 Current Unemployment, Historically Contemplated
by Chinhui Juhn & Kevin Murphy & Robert Topel - 137-198 Intangible Assets: How the Interaction of Computers and Organizational Structure Affects Stock Market Valuations
by Erik Brynjolfsson & Loren Hitt & Shinkyu Yang - 199-228 The Recent Recession, the Current Recovery, and Stock Prices
by William D. Nordhaus - 229-256 First World Governments and Third World Debt: A Bankruptcy Court for Sovereign Lending?
by Jeremy Bulow - 257-286 Resolving the Debt Crisis of Low-Income Countries
by Jeffrey D. Sachs - 287-320 Sovereigns in Distress: Do They Need Bankruptcy?
by Michelle White - 321-333 Do We Need a New Bankruptcy Regime?
by Nouriel Roubini - 334-340 How Would a New Bankruptcy Regime Help?
by Hal S. Scott - 341-349 Debt Restructuring: Evolution or Revolution?
by Edwin M. Truman
2001, Volume 32, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-92 From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany
by Michael C. Burda & Jennifer Hunt - 93-186 The Great Recession: Lessons for Macroeconomic Policy from Japan
by Kenneth N. Kuttner & Adam S. Posen - 187-278 Why Doesn't the United States Have a European-Style Welfare State?
by Alberto Alesina & Edward Glaeser & Bruce Sacerdote - 279-348 The Consumption Risk of the Stock Market
by Jonathan A. Parker
2001, Volume 32, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-68 An Analysis of Russia's 1998 Meltdown: Fundamentals and Market Signals
by Homi Kharas & Brian Pinto & Sergei Ulatov - 69-134 Does Immigration Grease the Wheels of the Labor Market?
by George J. Borjas - 135-174 The Long and Large Decline in U.S. Output Volatility
by Olivier Blanchard & John Simon - 175-216 The Predictive Power of the Index of Consumer Sentiment
by E. Philip Howrey - 217-226 Is the U.S. Current Account Deficit Sustainable? Will It Be Sustained?
by Richard N. Cooper - 227-241 The International Dollar Standard and the Sustainability of the U.S. Current Account Deficit
by Ronald I. McKinnon - 241-258 A Portfolio View of the U.S. Current Account Deficit
by Jaume Ventura
2000, Volume 31, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-72 Social Security Reform and National Saving in an Era of Budget Surpluses
by Douglas W. Elmendorf & Jeffrey B. Liebman - 73-118 E-Capital: The Link between the Stock Market and the Labor Market in the 1990s
by Robert E. Hall - 119-162 Real Estate and Macroeconomy
by Karl E. Case - 163-220 The Economic Consequences of Disappearing Government Debt
by Vincent Reinhart & Brian Sack - 221-252 Financial Market Implications of the Federal Debt Paydown
by Michael J. Flemming - 253-302 Tax Smoothing Implications of the Federal Debt Paydown
by George J. Hall & Stefan Krieger - 303-354 Local Corruption and Global Capital Flows
by Shang-Jin Wei
2000, Volume 31, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-60 Near-Rational Wage and Price Setting and the Long-Run Phillips Curve
by George A. Akerlof & William T. Dickens & George L. Perry - 61-124 The Stock Market and Investment in the New Economy: Some Tangible Facts and Intangible Fictions
by Stephen R. Bond & Jason G. Cummins - 125-236 Raising the Speed Limit: U.S. Economic Growth in the Information Age
by Dale W. Jorgenson & Kevin J. Stiroh - 237-311 Roots of the Recent Recoveries: Labor Reforms or Private Sector Forces?
by Jean-Paul Fitoussi & David Jestaz & Edmund S. Phelps & Gylfi Zoega
1999, Volume 30, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-64 Evidence on the High-Income Laffer Curve from Six Decades of Tax Reform
by Austan Goolsbee - 65-188 The Adequacy of Retirement Saving
by Eric M. Engen & William G. Gale & Cori R. Uccello - 189-252 Aggregate demand and Long-Run Unemployment
by Laurence Ball - 253-294 Financial Crises in the 1890s and the 1990s: Must History Repeat
by J. Bradford Delong - 295-372 Stability, Asymmetry, and Discontinuity: The Launch of European Monetary Union
by Giancarlo Corsetti & Paolo Pesenti
1999, Volume 30, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-88 The High-Pressure U.S. Labor Market of the 1990s
by Lawrence F. Katz & Alan B. Krueger - 89-142 Should Capital Controls be Banished?
by Richard N. Cooper - 143-180 Capital Flows to Developing Economies: Implications for Saving and Investment
by Barry P. Bosworth & Susan M. Collins - 181-224 Perspectives on the Household Saving Rate
by William G. Gale & John Sabelhaus - 225-252 Should We Fear Deflation?
by J. Bradford DeLong
1998, Volume 29, Issue 1998 Microeconomics
- 1-1 Summary of the Papers
by Peter C. Reiss - 1-53 Product and Stock Market Responses to Automotive Prodct Liability Verdicts
by Steven Garber & John Adams - 55-105 The Distribution of the Insurance Market Effects of Tort Liability Reforms
by Patricia H. Born & W. Kip Viscusi - 107-148 The Link between Liability Reforms and Productivity: Some Empirical Evidence
by Thomas J. Campbell & Daniel P. Kessler & George B. Shepherd - 149-204 What Drives Venture Capital Fundraising?
by Paul A. Gompers & Josh Lerner - 205-248 Capital's Contribution to Productivity and the Nature of Competition
by Axel Boersch-Supan - 249-321 Extending the East Asian Miracle: Microeconomic Evidence from Korea
by Martin Neil Baily & Eric Zitzewitz - 323-394 The Tobacco Deal
by Jeremy Bulow & Paul Klemperer
1998, Volume 29, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-136 Economic Crises: Evidence and Insights from East Asia
by Jason Furman & Joseph E. Stiglitz - 137-206 It's Baaack: Japan's Slump and the Return of the Liquidity Trap
by Paul R. Krugman - 207-296 Geography, Demography, and Economic Growth in Africa
by David E. Bloom & Jeffrey D. Sachs - 297-346 Foundations of the Goldilocks Economy: Supply Shocks and the Time-Varying NAIRU
by Robert J. Gordon - 347-385 Japan's Financial Problems
by Edward J. Lincoln
1998, Volume 29, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-90 The East Asian Financial Crisis: Diagnosis, Remedies, Prospects
by Steven Radelet & Jeffrey D. Sachs - 91-196 Self-Control and Saving for Retirement
by David I. Laibson & Andrea Repetto & Jeremy Tobacman - 197-266 The Political Economy of Fiscal Adjustments
by Alberto Alesina & Roberto Perotti & José Tavares - 267-338 The Wealth Dynamics of American Families, 1984-94
by Erik Hurst & Ming Ching Luoh & Frank P. Stafford - 339-381 Hours Reductions as Work-Sharing
by Jennifer Hunt
1997, Volume 28, Issue 1997 Microeconomics
- 1-1 Summary of the Papers
by Peter C. Reiss - 1-54 Valuing the Effect of Regulation on New Services in Telecommunications
by Jerry A. Hausman - 55-142 The Changing Face of Job Loss in the United States, 1981-1995
by Henry S. Farber - 143-216 Health Care Productivity
by Martin Neil Baily & Alan M. Garber - 217-282 Measuring the Health of the U.S. Population
by David M. Cutler & Elizabeth Richardson - 283-349 Antitrust Issues in the Licensing of Intellectual Property: The Nine No-No's Meet the Nineties
by Richard Gilbert & Carl Shapiro
1997, Volume 28, Issue 2
- 1-1 Editors' Summary
by The Editors - 1-88 Macroeconomics Aspects of Social Security Reform
by Peter A. Diamond - 89-158 The Medium Run
by Oliver J. Blanchard - 159-240 The Unofficial Economy in Transition
by Simon Johnson & Daniel Kaufman & Andrei Shleifer - 241-317 Europe's Gamble
by Maurice Obstfeld
1997, Volume 28, Issue 1
- 1-1 Editors' Summary
by The Editors - 1-90 How Much Do Immigration and Trade Affect Labor Market Outcomes?
by George J. Borjas & Richard B. Friedman & Lawrence F. Katz - 91-157 Systematic Monetary Policy and the Effects of Oil Price Shocks
by Ben S. Bernanke & Mark Gertler & Mark Watson - 159-228 Public Resistance to Indexation: A Puzzle
by Robert J. Shiller - 229-303 Can Families Smooth Variable Earnings?
by Susan Dynarski & Jonathan Gruber - 305-366 Addressing the Quality Change Issue in the Consumer Price Index
by Brent R. Moulton & Karin E. Moses - 367-404 Brazil's Incomplete Stabilization and Reform
by Rudiger Dornbusch