Justin Wolfers

David H. Romer

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: Editors' Summary The Labor Market in the Great Recession By Michael W. L. Elsby (University of Michigan), Bart Hobijn (Federal Reserve Bank of San Francisco), and Aysegül Sahin (Federal Reserve Bank of New York) The Income- and Expenditure- Side Estimates of U.S. Output Growth By Jeremy J. Nalewaik (Board of Governors of the Federal Reserve System) The Rug Rat Race By Garey Ramey and Valerie A. Ramey (University of California, San Diego) The Crisis By Alan Greenspan (Greenspan Associates LLC) The Initial Impact of the Crisis on Emerging Market Countries By Olivier J. Blanchard (International Monetary Fund and MIT), Mitali Das (International Monetary Fund), and Hamid Faruqee (International Monetary Fund) Geographic Variation in Health Care: The Role of Private Markets By Tomas J. Philipson (University of Chicago), Seth A. Seabury (RAND Corporation), Lee M. Lockwood (University of Chicago), Dana P. Goldman (University of Southern California), and Darius Lakdawalla (Univeresity of Southern California)

Brookings Papers on Economic Activity: Spring 2010

Contents include • Recessions and the Costs of Job Loss Steve Davis (University of Chicago) and Til von Wachter (Columbia University) • What Do Small Businesses Do? Erik Hurst and Benjamin Wild Pugsley (University of Chicago) • Unemployment Insurance and Job Search in the Great Recession Jesse Rothstein (University of CaliforniaBerkeley) • The Effects of Quantitative Easing on Interest Rates: Channels and Implications for Policy Arvind Krishnamurthy and Annette Vissing-Jorgenson (Northwestern University) • Practical Monetary Policy: Examples from Sweden and the United States Lars E. O. Svensson (Sveriges Riksbank) • The Labor Market in the Great Recession—An Update to September 2011 Michael. W. L. Elsby (University of Edinburgh), Bart Hobijn (Federal Reserve Bank of San Francisco), Ayşegül Şahïn (Federal Reserve Bank of New York), and Robert B. Valletta (Federal Reserve Bank of San Francisco) • The Income- and Expenditure-Side Estimates of U.S. Output Growth—An Update to 2011Q2 Jeremy J. Nalewaik (Board of Governors of the Federal Reserve System)

David H. Romer

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