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. BPEA 2: 2001 Contents include: "Why Doesn't the United States Have a European-Style Welfare State?" Alberto Alesina and Edward Glaeser (Harvard University) and Bruce Sacerdote (Dartmouth College) "From Reunification to Economic Integration: Productivity and the Labor Market in Eastern Germany" Michael C. Burda (Humboldt University, Berlin) and Jennifer Hunt (University of Montreal) "The Great Recession: Lessons for Macroeconomic Policy from Japan" Kenneth N. Kuttner (Federal Reserve Bank of New York) and Adam S. Posen (Institute for International Economics) "The Consumption Risk of the Stock Market" Jonathan A. Parker (Princeton University).
