Publisher's Synopsis
Published twice a year, BPEA offers authoritative, in-depth research on economic development for economists, government officials, and members of the financial and business communities. For nearly thirty years, BPEA has been an indispensable source for scholars and policymakers seeking objective analysis of major macroeconomic issues. Contents includes: "Social Security Reform and National Saving in an Era of Budget Surpluses" by Douglas W. Elmendorf and Jeffrey B. Liebman "E-Capital: The Link between the Stock Market and the Labor Market in the 1990s" by Robert E. Hall "Real Estate and the Macroeconomy" by Karl E. Case "The Economic Consequences of Disappearing Government Debt" by Vincent Reinhart and Brian Sack "Financial Market Implications of the Federal Debt Paydown" by Michael J. Fleming "Tax Smoothing Implications of the Federal Debt Paydown" by George J. Hall and Stefan Krieger.
