
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
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