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:
��Editors' Summary
��The Increase in Income Cyclicality of High-Income Households and Its Relation to the Rise in Top Income SharesBy Jonathan A. Parker and Annette Vissing-Jorgensen (Northwestern University)
��The State of the Social Safety Net in the Post-Welfare Reform EraBy Marianne P. Bitler (University of California, Irvine) and Hilary W. Hoynes (University of California, Davis)
��The Impact of No Child Left Behind on Students, Teacheres, and SchoolsBy Thomas S. Dee (University of Virginia) and Brian A. Jacob (University of Michigan)
��How Useful Are Estimated DSGE Model Forecasts for Central Bankers? By Rochelle M. Edge (Board of Governors of the Federal Reserve System) and Refet S. G羹rkaynak (Bilkent University)
��Regulating the Shadow Banking SystemBy Gary Gorton and Andrew Metrick (Yale University)
��State Fiscal Policies and Transitory Income FluctuationsBy James R. Hines, Jr. (University of Michigan)
