American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Editors' Introduction David J.Baldwin Ronald L.Oaxaca 7 7 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=1&issue_date=May 2004 10.1257/0002828041302136 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Foreword MartinFeldstein 8 8 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=2&issue_date=May 2004 10.1257/0002828041302334 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article The Institutions of Monetary Policy MervynKing 1 13 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=3&issue_date=May 2004 10.1257/0002828041301957 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Asset Prices, Financial Instability, and Monetary Policy Charles R.Bean 14 18 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=4&issue_date=May 2004 10.1257/0002828041301795 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Inflation Illusion and Stock Prices John Y.Campbell TuomoVuolteenaho 19 23 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=5&issue_date=May 2004 10.1257/0002828041301533 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article The Fed Response to Equity Prices and Inflation BillDupor TimothyConley 24 28 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=6&issue_date=May 2004 10.1257/0002828041301704 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Aggregate Short Interest and Market Valuations Owen A.Lamont Jeremy C.Stein 29 32 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=7&issue_date=May 2004 10.1257/0002828041301759 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Risk and Uncertainty in Monetary Policy AlanGreenspan 33 40 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=8&issue_date=May 2004 10.1257/0002828041301551 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Panel Discussion MartinFeldstein MervynKing Janet L.Yellen 41 48 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=9&issue_date=May 2004 10.1257/0002828041302307 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Preemption, Changing Structure, and U. 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Monetary Policy AllenSinai 49 52 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=10&issue_date=May 2004 10.1257/0002828041302055 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Serial Default and the "Paradox" of Rich-to-Poor Capital Flows Carmen M.Reinhart Kenneth S.Rogoff 53 58 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=11&issue_date=May 2004 10.1257/0002828041302370 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Financial Openness, Sudden Stops, and Current-Account Reversals SebastianEdwards 59 64 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=12&issue_date=May 2004 10.1257/0002828041302217 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Financial Opening and Development: Evidence and Policy Controversies JoshuaAizenman 65 70 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=13&issue_date=May 2004 10.1257/0002828041301434 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Monetary and Fiscal Remedies for Deflation Alan J.Auerbach MauriceObstfeld 71 75 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=14&issue_date=May 2004 10.1257/0002828041301948 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Policy Options in a Liquidity Trap Gauti B.Eggertsson MichaelWoodford 76 79 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=15&issue_date=May 2004 10.1257/0002828041301740 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates GünterCoenen Volker W.Wieland 80 84 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=16&issue_date=May 2004 10.1257/0002828041302226 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Conducting Monetary Policy at Very Low Short-Term Interest Rates Ben S.Bernanke Vincent R.Reinhart 85 90 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=17&issue_date=May 2004 10.1257/0002828041302118 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Transparency of Information and Coordination in Economies with Investment Complementarities George-MariosAngeletos AlessandroPavan 91 98 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=18&issue_date=May 2004 10.1257/0002828041301641 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Deflation and Depression: Is There an Empirical Link? AndrewAtkeson Patrick J.Kehoe 99 103 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=19&issue_date=May 2004 10.1257/0002828041301588 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Negative Nominal Interest Rates MarcoBassetto 104 108 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=20&issue_date=May 2004 10.1257/0002828041302064 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Wedges and Taxes Narayana R.Kocherlakota 109 113 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=21&issue_date=May 2004 10.1257/0002828041302127 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article A Scapegoat Model of Exchange-Rate Fluctuations PhilippeBacchetta EricVan Wincoop 114 118 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=22&issue_date=May 2004 10.1257/0002828041301849 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1 CharlesEngel Kenneth D.West 119 125 http://www.aeaweb.org/articles/article_detail.php?journal=AER&volume=94&issue=2&article=23&issue_date=May 2004 10.1257/0002828041301722 American Economic Association Nashville, TN 0002-8282 American Economic Review http://www.aeaweb.org/aer/ 94 2 May 2004 http://www.aeaweb.org/articles/issue_detail.php?journal=AER&volume=94&issue=2&issue_date=May 2004 Journal Article Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates? 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