Brookings Papers on Economic Activity, 1998

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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: Articles " The East Asian Financial Crisis: Diagnosis, Remedies, Prospects" by Steven Radelet and Jeffrey D. Sachs " Self-Control and Saving for Retirement" by David I. Laibson, Andrea Repetto, and Jeremy Tobacman " The Political Economy of Fiscal Adjustments" by Alberto Alesina, Roberto Perotti, and Jos Tavares Reports " The Wealth Dynamics of American Families, 1984-94" by Erik Hurst, Ming Ching Luoh, and Frank P. Stafford " Hours Reductions as Work-Sharing" by Jennifer Hunt
 

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Contents

Evidence and Insights from East Asia
1
Comments and Discussion
115
Japans Slump and the Return of the Liquidity Trap
137
Comments and Discussion
188
Geography Demography and Economic Growth in Africa
207
Comments and Discussion
274
Supply Shocks and the TimeVarying NAIRU
297
Comment and Discussion
334
Japans Financial Problems
347
Comment and Discussion
376
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About the author (1998)

William C. Brainard is professor of economics at Yale University. George L. Perry is a senior fellow in the Economic Studies program at the Brookings Institution.

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