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American Economic Review: Vol. 90 No. 2 (May 2000)
Front Matter (pp. i-xii)
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Papers
Richard T. Ely Lecture
International Financial Crises: Causes, Prevention, and Cures (pp. 1-16)
Lawrence H. Summers
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The Near Crash of 1998
Crisis and Risk Management (pp. 17-21)
Myron S. Scholes
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Tunneling (pp. 22-27)
Simon Johnson
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U.S. Banks, Crises, and Bailouts: From Mexico to LTCM (pp. 28-31)
Bong-Chan Kho,
Dong Lee and
Rene M. Stulz
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Restructuring the International Financial System
Floating, Fixed, or Super-Fixed? Dollarization Joins the Menu of Exchange-Rate Options (pp. 32-37)
Blake LeBaron and
Rachel McCulloch
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Conflicting Demands on the International Monetary Fund (pp. 38-42)
Anne O. Krueger
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Rules and Authorities in International Monetary Arrangements: The Role of the Central Bank (pp. 43-47)
Robert Z. Aliber
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Macroeconomic Stabilization and Exchange-Rate Regimes: Alternative Scenarios
Why Did the Ruble Collapse in August 1998? (pp. 48-52)
Padma Desai
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The Polish Zloty, 1990-1999: Success and Underperformance (pp. 53-58)
Domenico Mario Nuti
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Macroeconomics of Emerging Markets
Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach (pp. 59-64)
Guillermo A. Calvo and
Enrique G. Mendoza
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Mirage of Floating Exchange Rates (pp. 65-70)
Carmen M. Reinhart
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Exchange-Rate Policy for Developing Countries (pp. 71-75)
Roberto Chang and
Andres Velasco
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Teaching Macroeconomic Principles
Telling Better Stories in Introductory Macro (pp. 76-80)
David Colander
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Eight Reasons Why Real versus Nominal Interest Rates Is the Most Important Concept in Macroeconomics Principles Courses (pp. 81-84)
Peter E. Kennedy
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The Principles of Macroeconomics at the Millennium (pp. 85-89)
Michael Parkin
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Teaching Modern Macroeconomics at the Principles Level (pp. 90-94)
John B. Taylor
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Inflation Targeting
The First Year of the Eurosystem: Inflation Targeting or Not? (pp. 95-99)
Lars E. O. Svensson
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Pitfalls of Forward-Looking Monetary Policy (pp. 100-104)
Michael Woodford
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Inflation Targeting in Emerging-Market Countries (pp. 105-109)
Frederic S. Mishkin
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The Role of Microeconomic Heterogeneity in Macroeconomics
Requiem for the Representative Consumer? Aggregate Implications of Microeconomic Consumption Behavior (pp. 110-115)
Christopher D. Carroll
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Testing the (S, s) Model (pp. 116-119)
Christopher Foote,
Erik Hurst and
John Leahy
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The Savers-Spenders Theory of Fiscal Policy (pp. 120-125)
N. Gregory Mankiw
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Political Economy, Governance, and Development
Political Losers as a Barrier to Economic Development (pp. 126-130)
Daron Acemoglu and
James A. Robinson
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Ethnicity and Development in Africa: A Reappraisal (pp. 131-134)
Robert H. Bates
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Capture and Governance at Local and National Levels (pp. 135-139)
Pranab K. Bardhan and
Dilip Mookherjee
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Participatory Politics, Social Cooperation, and Economic Stability (pp. 140-144)
Dani Rodrik
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Empirical Testing of Trade Theories
Beyond the Algebra of Explanation: HOV for the Technology Age (pp. 145-149)
Daniel Trefler and
Susan Chun Zhu
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International Trade as an 'Integrated Equilibrium': New Perspectives (pp. 150-154)
Donald R. Davis and
David E. Weinstein
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Aggregation Bias in the Factor Content of Trade: Evidence from U.S. Manufacturing (pp. 155-160)
Robert C. Feenstra and
Gordon H. Hanson
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Industry-Level Productivity and Competitiveness Between Canada and the United States
U.S. Economic Growth at the Industry Level (pp. 161-167)
Dale W. Jorgenson and
Kevin J. Stiroh
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Economic and Productivity Growth in Canadian Industries (pp. 168-171)
Wulong Gu,
Frank C. Lee and
Jianmin Tang
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A Comparison of Industrial Productivity Growth in Canada and the United States (pp. 172-175)
Wulong Gu and
Mun S. Ho
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Productivity Levels and International Competitiveness between Canadian and U.S. Industries (pp. 176-179)
Frank C. Lee and
Jianmin Tang
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Economic Policy Issues Regarding Microsoft
The IBM and Microsoft Cases: What's the Difference? (pp. 180-183)
Franklin M. Fisher
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A Competitive Perspective on Internet Explorer (pp. 184-187)
Steven J. Davis and
Kevin M. Murphy
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Toward a Quantification of the Effects of Microsoft's Conduct (pp. 188-191)
Chris E. Hall and
Robert E. Hall
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Antitrust Issues in Schumpeterian Industries (pp. 192-196)
Richard Schmalensee
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Executive Compensation
Has the 'Million-Dollar Cap' Affected CEO Pay? (pp. 197-202)
Nancy L. Rose and
Catherine Wolfram
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Agents with and without Principals (pp. 203-208)
Marianne Bertrand and
Sendhil Mullainathan
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Optimal Exercise Prices for Executive Stock Options (pp. 209-214)
Brian J. Hall and
Kevin J. Murphy
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The NBER/Sloan Project on Industrial Technology and Productivity: Incorporating Learning from Plant Visits and Interviews into Economic Research
Knowledge Spillovers and Patent Citations: Evidence from a Survey of Inventors (pp. 215-218)
Adam B. Jaffe,
Manuel Trajtenberg and
Michael S. Fogarty
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Who Benefits Most from Employee Involvement: Firms or Workers? (pp. 219-223)
Richard B. Freeman and
Morris M. Kleiner
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Is Cost-Cutting Evidence of X-Inefficiency? (pp. 224-227)
Severin Borenstein and
Joseph Farrell
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Economists and Field Research: 'You Can Observe a Lot Just by Watching.' (pp. 228-232)
Susan Helper
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The Economics of Waste
Can Downstream Waste Disposal Policies Encourage Upstream 'Design for Environment'? (pp. 233-237)
Paul Calcott and
Margaret Walls
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Two Generalizations of a Deposit-Refund Systems (pp. 238-242)
Don Fullerton and
Ann Wolverton
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Restricting the Trash Trade (pp. 243-246)
Eduardo Ley,
Molly Macauley and
Stephen W. Salant
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Getting the 21st-Century GDP Right
Economic Measurement: Progress and Challenges (pp. 247-252)
Michael J. Boskin
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Getting the 21st-Century GDP Right: What's Underway? (pp. 253-258)
Brent R. Moulton
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New Directions in National Economic Accounting (pp. 259-263)
William D. Nordhaus
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Taxing the Rich
The Income and Tax Share of Very High-Income Households, 1960-1995 (pp. 264-270)
Daniel R. Feenberg and
James M. Poterba
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Taxes, High-Income Executives, and the Perils of Revenue Estimation in the New Economy (pp. 271-275)
Austan Goolsbee
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Capital-Gains Realizations of the Rich and Sophisticated (pp. 276-282)
Alan J. Auerbach and
Jonathan M. Siegel
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Tax Policy and Entrepreneurial Entry (pp. 283-287)
William M. Gentry and
R. Glenn Hubbard
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How Well Are We and the Government Planning for the Future?
How Much Should Americans Be Saving for Retirement? (pp. 288-292)
B. Douglas Bernheim
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Generational Accounts for the United States: An Update (pp. 293-296)
Jagadeesh Gokhale
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Saver Behavior and 401(k) Retirement Wealth (pp. 297-302)
James M. Poterba,
Steven F. Venti and
David A. Wise
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Generational Aspects of Medicare (pp. 303-307)
David M. Cutler and
Louise Sheiner
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Cross-National Comparisons of Racial and Ethnic Economic Inequality
Racial and Ethnic Economic Inequality: The International Record (pp. 308-311)
William Darity and
Jessica Gordon Nembhard
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Persistent Discrimination: Racial Disparity in the United States, 1967-1988 (pp. 312-316)
Patrick L. Mason
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Intergroup Economic Inequality in South Africa: The Post-apartheid Era (pp. 317-321)
George Sherer
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Does Caste Still Define Disparity? A Look at Inequality in Kerala, India (pp. 322-325)
Ashwini Deshpande
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Economic Well-Being of African-Americans
The Convergence in Black-White Infant Mortality Rates during the 1960's (pp. 326-332)
Kenneth Y. Chay and
Michael Greenstone
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Labor-Market Dropouts and the Racial Wage Gap: 1940-1990 (pp. 333-338)
Amitabh Chandra
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Evaluating a Simple Method for Estimating Black-White Gaps in Median Wages (pp. 339-343)
William Johnson,
Yuichi Kitamura and
Derek Neal
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Understanding Black-White Wage Differentials, 1960-1990 (pp. 344-349)
James J. Heckman,
Thomas M. Lyons and
Petra E. Todd
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New Issues in Immigration
Immigration, Social Security, and Broader Fiscal Impacts (pp. 350-354)
Ronald Lee and
Timothy Miller
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Foreign-Born Teaching Assistants and the Academic Performance of Undergraduates (pp. 355-359)
George J. Borjas
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Do Immigrant Inflows Lead to Native Outflows? (pp. 360-367)
David Card and
John DiNardo
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Immigrant Earnings Assimilation: Estimates from Longitudinal Data (pp. 368-372)
Wei-Yin Hu
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Policy Effects on Family Structure and Fertility
Welfare Benefits and Female Headship in U.S. Time Series (pp. 373-377)
Robert A. Moffitt
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The Economics of Fatherhood (pp. 378-382)
Robert J. Willis
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Women on Welfare: A Macroeconomic Analysis (pp. 383-388)
Jeremy Greenwood,
Nezih Guner and
John A. Knowles
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Carrots and Sticks: Fertility Effects of China's Population Policies (pp. 389-392)
Marjorie McElroy and
Dennis Tao Yang
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Child Outcomes in Africa
Child Health and Household Resources in South Africa: Evidence from the Old Age Pension Program (pp. 393-398)
Esther Duflo
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Agricultural Volatility and Investments in Children (pp. 399-404)
Robert Jensen
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Sibling Rivalry in Africa (pp. 405-409)
Jonathan Morduch
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Unresolved Issues in Personnel Economics
The Power of Incentives (pp. 410-414)
Edward P. Lazear
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The Use of Performance Measures in Incentive Contracting (pp. 415-420)
George Baker
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What Trade-Off of Risk and Incentives? (pp. 421-425)
Canice Prendergast
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Preferences, Behavior, and Welfare
Emotions in Economic Theory and Economic Behavior (pp. 426-432)
George Loewenstein
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A Boundedly Rational Decision Algorithm (pp. 433-438)
Xavier Gabaix and
David I. Laibson
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Thinking and Feeling (pp. 439-443)
Paul M. Romer
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Women's Labor-Market Gains in the 1980's and Future Prospects
Growth in Women's Relative Wages and in Inequality among Men: One Phenomenon or Two? (pp. 444-449)
Finis Welch
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The Rise of Female Professionals: Are Women Responding to Skill Demand? (pp. 450-455)
Sandra E. Black and
Chinhui Juhn
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Are Women's Wage Gains Men's Losses? A Distributional Test (pp. 456-460)
Nicole M. Fortin and
Thomas Lemieux
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Career and Marriage in the Age of the Pill (pp. 461-465)
Claudia Goldin and
Lawrence F. Katz
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Women and Economics: Education and Impact
Why Are Women Such Reluctant Economists? Evidence from Liberal Arts Colleges (pp. 466-470)
Elizabeth J. Jensen and
Ann L. Owen
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Do Colleges Shortchange Women? Gender Differences in the Transition from College to Work (pp. 471-475)
Lois Joy
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Harriet Taylor Mill (pp. 476-479)
Janet A. Seiz and
Michele A. Pujol
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Nineteenth-Century American Feminist Economics: From Caroline Dall to Charlotte Perkins Gilman (pp. 480-484)
Robert W. Dimand
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Proceedings
John Bates Clark Award
JOHN BATES CLARK MEDALIST (page 486)
Andrei Shleifer
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Minutes of the Annual Meeting
Minutes of the Annual Meeting (page 487)
John J. Siegfried
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Minutes of the Executive Committee Meetings
Minutes of the Executive Committee Meetings (pp. 488-494)
John J. Siegfried
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Reports
Report of the Secretary for 1999 (pp. 495-497)
John J. Siegfried
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Report of the Treasurer for the Year Ending December 31, 1999 (page 498)
C. Elton Hinshaw
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Report of the Finance Committee (page 499)
C. Elton Hinshaw
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Report of the Editor: American Economic Review (pp. 500-507)
Orley Ashenfelter
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Report of the Editor: Journal of Economic Literature (pp. 508-510)
John McMillan
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Report of the Editor: Journal of Economic Perspectives (pp. 511-513)
Alan B. Krueger
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Report of the Director: Job Openings for Economists (pp. 514-516)
C. Elton Hinshaw
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Report of the Committee on Economic Education (pp. 517-518)
Michael K. Salemi
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Report of the Committee on the Status of Minority Groups in the Economics Profession (pp. 519-520)
William Darity Jr.
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Report of the Committee on the Status of Women in the Economics Profession (pp. 521-527)
Robin L. Bartlett
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Report of the AEA Committee on the Journals (pp. 528-531)
Thomas Schelling
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Report of the Representative to the National Bureau of Economic Research (pp. 532-533)
John J. Siegfried
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American Economic Association Universal Academic Questionnaire Summary Statistics (pp. 534-536)
Charles E. Scott
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