Brookings Papers on Economic Activity

Editors and Associates

William C. Brainard and George L. Perry, Editors
Kathleen M. Bucholz, Production Associate
Peter J. Kimball, Statistical Associate
Bartosz Mackowiak, Assistant to the Editors
Michael Treadway, Editorial Associate

Panel members and staff

George A. Akerlof University of California, Berkeley
William C. Brainard Yale University
Jason G. Cummins New York University
William T. Dickens Brookings Institution
Dale W. Jorgenson Harvard University
George L. Perry Brookings Institution
Edmund S. Phelps Columbia University
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Kathleen M. Bucholz Brookings Institution
Peter J. Kimball Brookings Institution
Bartosz Mackowiak Yale University
Michael Treadway Brookings Institution

Panel advisers participating in the sixty-ninth conference

Olivier Blanchard Massachusetts Institute of Technology
Alan S. Blinder Princeton University
William Branson Princeton University
Susan M. Collins Brookings Institution and Georgetown University
Benjamin M. Friedman Harvard University
Robert J. Gordon Northwestern University
William D. Nordhaus Yale University
Christopher A. Sims Princeton University
Janet L. Yellen University of California, Berkeley

Guests whose writings or comments appear in this issue

Truman F. Bewley Yale University
Stephen R. Bond Institute for Fiscal Studies, London
Janice Eberly Northwestern University
Jean-Paul Fitoussi Observatoire Français des Conjonctures Économiques
Pierre-Olivier Gourinchas Princeton University
David Jestaz Observatoire Français des Conjonctures Économiques
Robert J. Shiller Yale University
Daniel E. Sichel Federal Reserve Board
Kevin J. Stiroh Federal Reserve Bank of New York
Jack E. Triplett Brookings Institution
Shang-Jin Wei Brookings Institution and World Bank
Gylfi Zoega Birkbeck College