Publisher's Synopsis
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:ArticlesLethal Model 2: The Limits to Growth Revisited, William D. NordhausThe Buffer-Stock Theory of Saving: Some Macroeconomic Evidence Reports, Christopher D. CarrollEquipment Investment and Economic Growth: How Strong Is the Nexus?, J. Bradrod De Long and Lawrence H. SummersProspects for Russia's Economic Reforms, David Lipton and Jeffrey D. SachsU.S. Money Demand: Surprising Cross-Sectional Estimates, Casey B. Mulligan and Xavier Sala-I-Martin.