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The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address the most urgent economic challenges of the day. Working drafts of the papers are presented at the conference typically held twice each year. The final papers and discussant remarks from each conference are subsequently published in the journal several months later.

The Brookings Papers on Economic Activity (BPEA) is a semi-annual academic conference and journal that pairs rigorous research with real-time policy analysis to address the most urgent economic challenges of the day. Working drafts of the papers are presented at the conference typically held twice each year. The final papers and discussant remarks from each conference are subsequently published in the journal several months later.POPP, VONA, MARIN and CHEN on The Employment Impact of a Green Fiscal Push: Evidence from the American Recovery and Reinvestment ActBUCKMAN, CHOI, DALY and SEITELMAN on The Economic Gains from EquityCHERRY, JIANG, MATVOS, PISKORSKI and SERU on Government and Private Household Debt Relief during COVID-19RENNERT, PREST, PIZER, NEWELL, ANTHOFF, KINGDON, RENNELS, COOKE, RAFTERY, ŠEVČÍKOVÁ and ERRICKSON on The Social Cost of Carbon:Advances in Long-Term Probabilistic Projections of Population, GDP, Emissions, and Discount RatesREIS on Losing the Inflation AnchorAUTOR, DORN and HANSON on On the Persistence of the China Shock

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.

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:All Medicaid Expansions Are Not Created Equal: The Geography and Targeting of the Affordable Care ActCraig Garthwaite, John Graves, Tal Gross, Zeynal Karaca, Victoria Marone, and Matthew J. NotowidigdoPolicies and Payoffs to Addressing America's College Graduation DeficitChristopher Avery, Jessica Howell, Matea Pender, and Bruce SacerdoteThe Optimal Inflation Target and the Natural Rate of InterestPhilippe Andrade, Jordi Galí, Hervé Le Bihan, and Julien MatheronInflation Dynamics: Dead, Dormant, or Determined Abroad?Kristen J. ForbesMacri's Macro: The Elusive Road to Stability and GrowthFederico SturzeneggerProgressive Wealth TaxationEmmanuel Saez and Gabriel Zucman

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:On Secular Stagnation in the Industrialized World, Lukasz Rachel and Lawrence H. SummersA Forensic Examination of China's National Accounts, Wei Chen, Xilu Chen, Chang-Tai Hsieh, and Zheng SongA Unified Approach to Measuring u•, Richard K. Crump, Stefano Eusepi, Maric Giannoni, and Ays¸egül S¸ahinFiscal Space and the Aftermath of Financial Crises: How It Matters and Why, Christina D. Romer and David H. RomerOkun Revisited: Who Benefits Most from a Strong Economy? Stephanies R. Aaronson, Mary C. Daly, William L. Wascher, and David W. WilcoxOn the Economics of a Carbon Tax for the United States, Gilbert E. Metcalf

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:The European Central Bank's Monetary Policy during Its First 20 Years, Philipp Hartmann and Frank SmetsAccounting for Macro-Finance Trends: Market Power, Intangibles, and Risk Premia, Emmanuel Farhi and François GourioThe Real Effects of Disrupted Credit: Evidence from the Global Financial Crisis, Ben S. BernankeThe Cyclical Sensitivity in Estimates of Potential Output, Olivier Coibion, Yuriy Gorodnichenko, and Mauricio UlateShould the Federal Reserve Regularly Evaluate Its Monetary Policy Framework?, Jeff Fuhrer, Giovanni P. Olivei, Eric S. Rosengren, and Geoffrey M.B. TootellMonetary Policy at the Effective Lower Bound: Less Potent? More International? More Sticky?, Kristin ForbesThe Efficacy of Large-Scale Asset Purchases When the Short-Term Interest Rate Is at Its Effective Lower Bound, James D. HamiltonThe Federal Reserve Is Not Very Constrained by the Lower Bound on Nominal Interest Rates, Eric T. SwansonComments on Monetary Policy at the Effective Lower Bound, Janet Yellen

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:Is Automation Labor Share-Displacing? Productivity Growth, Employment, and the Labor ShareDavid Autor and Anna SalomonsSafety Net Investments in ChildrenHilary W. Hoynes and Diane Whitmore SchanzenbachJobs for the Heartland: Place-Based Polices in 21st-Century AmericaBenjamin Austin, Edward Glaeser, and Lawrence SummersMacroeconomic Effects of the 2017 Tax ReformRobert J. Barro and Jason FurmanLiquidity Crises in the Mortgage MarketYou Suk Kim, Steven M. Laufer, Karen Pence, Richard Stanton, and Nancy WallaceMortgage Market Design: Lessons from the Great RecessionTomasz Piskorski and Amit Seru

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.