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.
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Contents:
Editors’ Summary
Financial Crash, Commodity Prices, and Global Imbalances, By Ricardo J. Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas
Making Sense of the Subprime Crisis, By Kristopher Gerardi, Andreas Lehnert, Shane M. Sherlund, and Paul Willen
The Central Role of Home Prices in the Current Financial Crisis: How Will the Market Clear? By Karl E. Case
Beyond Leveraged Losses: The Balance Sheet Effects of the Home Price Downturn, By Jan Hatzius
Financial Regulation in a System Context, By Stephen Morris and Hyun Song Shin
The Unofficial Economy and Economic Development, By Rafael La Porta and Andrei Shleifer
The Real Exchange Rate and Economic Growth, By Dani Rodrik
