Brookings Papers on Economic Activity: Spring 2016

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’ IntroductionCredit Policy as Fiscal Policy, Deborah LucasComments by Alan J. Auerbach and William G. GaleLearning from Potentially Biased Statistics, Alberto Cavallo, Guillermo Cruces, and Ricardo Perez-TrugliaComments by Stefan Nagel and Ricardo ReisDoes the United States Have a Productivity Slowdown or a Measurement Problem?, David M. Byrne, John G. Fernald, and Marshall B. ReinsdorfComments by Martin Neil Baily and Robert J. GordonUnderstanding Declining Fluidity in the U.S. Labor Market, Raven Molloy, Christopher L. Smith, Ricardo Trezzi, and Abigail WozniakComments by Erica L. Groshen and John HaltiwangerMeasuring Income and Wealth at the Top Using Administrative and Survey Data, Jesse Bricker, Alice Henriques,Jacob Krimmel, and John SabelhausComments by Katharine G. Abraham and Wojciech KopczukIncome Inequality, Social Mobility, and the Decision to Drop Out of High School, Melissa S. Kearney and Phillip B. LevineComments by Miles Corak and Robert A. Moffitt