Funds from this grant provide ongoing support for the production and dissemination of an unusual journal called Brookings Papers on Economic Activity (BPEA). Brookings’ reputation for objectivity, its longstanding commitment to nonpartisan analysis, and the policy relevance of the topics it addresses have made the BPEA one of the most influential vectors for the communication of academic scholarship to regulators, policymakers, journalists, and the public. Brookings editors commission papers from outstanding experts, prominent or fledgling, on specific topics of relevance to policymakers. Each draft is carefully edited to ensure both its accuracy and its accessibility to a nonspecialist audience. Expert respondents critique the draft when it is first presented at a BPEA conference. Vigorous debate ensues among the audience members in attendance, which routinely include top academics, officials, and reporters. Papers are then revised and edited again before appearing in a BPEA volume. Published along with each are respondents’ remarks as well as a summary of the live discussion. Grant funds will support two BPEA conferences per year, leading to the production of six volumes featuring a total of between 30 and 36 high-quality, policy-relevant papers.