Brookings Papers on Economic Activity
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Appropriating the Returns from Industrial Research and Development
Brookings Papers on Economic Activity - Tập 1987 Số 3 - Trang 783 - 1987
Causes and Consequences of the Oil Shock of 2007–08This paper explores similarities and differences between the run-up of oil prices in 2007–08 and earlier oil price shocks, looking at what caused these price increases and what effects they had on the economy. Whereas previous oil price shocks were primarily caused by physical disruptions of supply, the price run-up of 2007–08 was caused by strong demand confronting stagnating world production. Although the causes were different, the consequences for the economy appear to have been similar to those observed in earlier episodes, with significant effects on consumption spending and purchases of domestic automobiles in particular. Absent those declines, it is unlikely that the period 2007Q4–2008Q3 would have been characterized as one of recession for the United States. This episode should thus be added to the list of U.S. recessions to which oil prices appear to have made a material contribution.
Brookings Papers on Economic Activity - Tập 2009 Số 1 - Trang 215-261 - 2009
Looting: The Economic Underworld of Bankruptcy for Profit
Brookings Papers on Economic Activity - Tập 1993 Số 2 - Trang 1 - 1993
Measuring Financial Inclusion: Explaining Variation in Use of Financial Services across and within CountriesThis paper summarizes the first publicly available, user-side data set of indicators that measure how adults in 148 countries save, borrow, make payments, and manage risk. We use the data to benchmark financial inclusion—the share of the population that uses formal financial services—in countries around the world, and to investigate the significant country- and individual-level variation in how adults use formal and informal financial systems to manage their day-to-day finances and plan for the future. The data show that 50 percent of adults worldwide are "banked," that is, have an account at a formal financial institution, but also that account penetration varies across countries by level of economic development and across income groups within countries. For the half of all adults around the world who remain unbanked, the paper documents reported barriers to account use, such as cost, distance, and documentation requirements, which may shed light on potential market failures and provide guidance to policymakers in shaping financial inclusion policies.
Brookings Papers on Economic Activity - Tập 2013 Số 1 - Trang 279-340 - 2013
Progressive Wealth Taxation
Brookings Papers on Economic Activity - Tập 2019 Số 2 - Trang 437-533 - 2019
Monetary Policy Alternatives at the Zero Bound: An Empirical Assessment
Brookings Papers on Economic Activity - Tập 2004 Số 2 - Trang 1-100 - 2004
It's Baaack: Japan's Slump and the Return of the Liquidity Trap
Brookings Papers on Economic Activity - Tập 1998 Số 2 - Trang 137 - 1998
Economic Reform and the Process of Global Integration
Brookings Papers on Economic Activity - Tập 1995 Số 1 - Trang 1 - 1995
The Economic Consequences of Disappearing Government Debt
Brookings Papers on Economic Activity - Tập 2000 Số 2 - Trang 163-209 - 2000
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