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American Economic Review: Vol. 94 No. 2 (May 2004)
Editors' Introduction (page 7)
David J. Baldwin and
Ronald L. Oaxaca
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Foreword (page 8)
Martin Feldstein
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The Institutions of Monetary Policy (pp. 1-13)
Mervyn King
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Asset Prices, Financial Instability, and Monetary Policy (pp. 14-18)
Charles R. Bean
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Inflation Illusion and Stock Prices (pp. 19-23)
John Y. Campbell and
Tuomo Vuolteenaho
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The Fed Response to Equity Prices and Inflation (pp. 24-28)
Bill Dupor and
Timothy Conley
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Aggregate Short Interest and Market Valuations (pp. 29-32)
Owen A. Lamont and
Jeremy C. Stein
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Risk and Uncertainty in Monetary Policy (pp. 33-40)
Alan Greenspan
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Panel Discussion (pp. 41-48)
Martin Feldstein,
Mervyn King and
Janet L. Yellen
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Preemption, Changing Structure, and U. S. Monetary Policy (pp. 49-52)
Allen Sinai
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Serial Default and the 'Paradox' of Rich-to-Poor Capital Flows (pp. 53-58)
Carmen M. Reinhart and
Kenneth S. Rogoff
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Financial Openness, Sudden Stops, and Current-Account Reversals (pp. 59-64)
Sebastian Edwards
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Financial Opening and Development: Evidence and Policy Controversies (pp. 65-70)
Joshua Aizenman
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Monetary and Fiscal Remedies for Deflation (pp. 71-75)
Alan J. Auerbach and
Maurice Obstfeld
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Policy Options in a Liquidity Trap (pp. 76-79)
Gauti B. Eggertsson and
Michael Woodford
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Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates (pp. 80-84)
Günter Coenen and
Volker W. Wieland
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Conducting Monetary Policy at Very Low Short-Term Interest Rates (pp. 85-90)
Ben S. Bernanke and
Vincent R. Reinhart
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Transparency of Information and Coordination in Economies with Investment Complementarities (pp. 91-98)
George-Marios Angeletos and
Alessandro Pavan
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Deflation and Depression: Is There an Empirical Link? (pp. 99-103)
Andrew Atkeson and
Patrick J. Kehoe
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Negative Nominal Interest Rates (pp. 104-108)
Marco Bassetto
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Wedges and Taxes (pp. 109-113)
Narayana R. Kocherlakota
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A Scapegoat Model of Exchange-Rate Fluctuations (pp. 114-118)
Philippe Bacchetta and
Eric Van Wincoop
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Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1 (pp. 119-125)
Charles Engel and
Kenneth D. West
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Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates? (pp. 126-133)
Harald Hau and
Hélène Rey
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Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling? (pp. 134-138)
Raphael Bergoeing,
Timothy J. Kehoe,
Vanessa Strauss-Kahn and
Kei-Mu Yi
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Variety Growth and World Welfare (pp. 139-144)
Christian Broda and
David W. Weinstein
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On the Measurement of Product Variety in Trade (pp. 145-149)
Robert Feenstra and
Hiau Looi Kee
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Dissecting Trade: Firms, Industries, and Export Destinations (pp. 150-154)
Jonathan Eaton,
Samuel Kortum and
Francis Kramarz
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How Much Equity Does the Government Hold? (pp. 155-160)
Alan Auerbach
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Toward a Consumption Tax, and Beyond (pp. 161-165)
Roger Gordon,
Laura Kalambokidis,
Jeffrey Rohaly and
Joel Slemrod
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What Do Aggregate Consumption Euler Equations Say About the Capital-Income Tax Burden? (pp. 166-170)
Casey Mulligan
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Taxation and Corporate Payout Policy (pp. 171-175)
James Poterba
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Is the Social Security Trust Fund a Store of Value? (pp. 176-181)
Kent Smetters
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Social Security Financing: Facts, Fantasies, Foibles, and Follies (pp. 182-186)
Robert L. Clark
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Improving Social Security's Progressivity and Solvency with Hybrid Indexing (pp. 187-191)
Robert Pozen,
Sylvester J. Schieber and
John B. Shoven
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CEO Pay and Appointments: A Market-Based Explanation for Recent Trends (pp. 192-196)
Kevin J. Murphy and
Ján Zábojník
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Inequality and the Organization of Knowledge (pp. 197-202)
Luis Garicano and
Esteban Rossi-Hansberg
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Task-Specific Human Capital (pp. 203-207)
Robert Gibbons and
Michael Waldman
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Balanced Skills and Entrepreneurship (pp. 208-211)
Edward P. Lazear
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The Structure of Wages and Internal Mobility (pp. 212-216)
Edward Lazear and
Paul Oyer
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Using 'Insider Econometrics' to Study Productivity (pp. 217-223)
Ann Bartel,
Casey Ichniowski and
Kathryn Shaw
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Integrated Longitudinal Employer-Employee Data for the United States (pp. 224-229)
John J. Abowd,
John Haltiwanger and
Julia Lane
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Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957–2000 (pp. 230-235)
Sean P. Corcoran,
William N. Evans and
Robert M. Schwab
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Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States (pp. 236-240)
Caroline M. Hoxby and
Andrew Leigh
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Teacher Testing, Teacher Education, and Teacher Characteristics (pp. 241-246)
Joshua D. Angrist and
Jonathan Guryan
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The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data (pp. 247-252)
Jonah E. Rockoff
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Efficiency in the Use of Technology in Economic Education: Some Preliminary Results (pp. 253-258)
Kim Sosin,
Betty J. Lecha,
Rajshree Agarwal,
Robin L. Bartlett and
Joseph I. Daniel
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What Students Remember and Say about College Economics Years Later (pp. 259-265)
Sam Allgood,
William Bosshardt,
Wilbert van der Klaauw and
Michael Watts
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Ph. D. Program Learning and Job Demands: How Close Is the Match? (pp. 266-271)
Wendy A. Stock and
Lee W. Hansen
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The Market for New Ph. D. Economists in 2002 (pp. 272-285)
John J. Siegfried and
Wendy A. Stock
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Panel Discussion (pp. 286-290)
Alan J. Auerbach,
Francine D. Blau and
John B. Shoven
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Can Demand-Side Variables Explain the Low Numbers of Minority Faculty in Higher Education? (pp. 291-295)
Stephen Cole and
Elizabeth Arias
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The Effects of Ph. D. Supply on Minority Faculty Representation (pp. 296-301)
Samuel L. Myers and
Caroline S. Turner
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Panel Discussion (pp. 302-306)
John Brooks Slaughter,
Ronald G. Ehrenberg and
Eric A. Hanushek
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Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes? (pp. 307-311)
Deborah J. Anderson and
John J. Cheslock
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Understanding How Child-Support Arrears Reached $18 Billion in California (pp. 312-316)
Elaine Sorensen
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Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium (pp. 317-321)
Kate Antonovics and
Robert Town
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Occupation, Sex-Integration, and Divorce (pp. 322-325)
Terra G. Mckinnish
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Wealth, Health, and Health Services in Rural Rajasthan (pp. 326-330)
Abhijit Banerjee,
Angus Deaton and
Esther Duflo
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Medical Compliance and Income-Health Gradients (pp. 331-335)
Anne Case,
Ingrid Le Roux and
Alicia Menendez
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Do Conditional Cash Transfers Improve Child Health? Evidence from PROGRESA's Control Randomized Experiment (pp. 336-341)
Paul Gertler
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The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery (pp. 342-346)
David M. Cutler,
Robert S. Ilckman and
Mary Beth Landrum
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Managed Care, Information, and Diffusion: The Case of Treatment for Heart-Attack Patients (pp. 347-351)
Laurence C. Baker,
Christopher C. Afendulis and
Paul A. Heidenreich
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Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies (pp. 352-356)
Avi Dor,
Michael Grossman and
Siran M. Koroukian
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The Productivity of Physician Specialization: Evidence from the Medicare Program (pp. 357-361)
Katherine Baicker and
Amitabh Chandra
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Repetition and Reputation: Implications for Trust and Trustworthiness When Institutions Change (pp. 362-366)
Iris Bohnet and
Steffen Huck
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Mood-Driven Behavior in Strategic Interactions (pp. 367-372)
Mónica C. Capra
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Social Capital and Contributions in a Public-Goods Experiment (pp. 373-376)
Lisa R. Anderson,
Jennifer M. Mellor and
Jeffrey Milyo
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Gender and Competition at a Young Age (pp. 377-381)
Uri Gneezy and
Aldo Rustichini
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Property Rights to Technical Knowledge in Premodern Europe, 1300 –1800 (pp. 382-387)
Stephan R. Epstein
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Was Electricity a General Purpose Technology? Evidence from Historical Patent Citations (pp. 388-394)
Petra Moser and
Tom Nicholas
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Institutions and Democratic Invention in 19th-Century America: Evidence from 'Great Inventors,' 1790–1930 (pp. 395-401)
Zorina Khan and
Kenneth L. Sokoloff
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Do We Underestimate the Benefits of Cultural Competition? (pp. 402-407)
Bryan Caplan and
Tyler Cowen
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Psychology and the Market (pp. 408-413)
Edward L. Glaeser
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Does Competition Destroy Ethical Behavior? (pp. 414-418)
Andrei Shleifer
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A Behavioral-Economics View of Poverty (pp. 419-423)
Marianne Bertrand,
Sendhil Mullainathan and
Eldar Shafir
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Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience (pp. 424-428)
Henrik Cronqvist and
Richard H. Thaler
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Toward National Well-Being Accounts (pp. 429-434)
Daniel Kahneman,
Alan B. Krueger,
David Schkade,
Norbert Schwarz and
Arthur Stone
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Persuasion in Politics (pp. 435-439)
Kevin M. Murphy and
Andrei Shleifer
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The Employment Consequences of Wrongful-Discharge Laws: Large, Small, or None at All? (pp. 440-446)
David H. Autor,
John J. Donohue and
Stewart J. Schwab
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Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects (pp. 447-453)
Christine Jolls
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Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias (pp. 454-460)
Orley Ashenfelter and
Michael Greenstone
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What Is a Barrier to Entry? (pp. 461-465)
Preston R. Fee,
Hugo M. Mialon and
Michael A. Williams
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Why Barriers to Entry Are Barriers to Understanding (pp. 466-470)
Dennis W. Carlton
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Sunk Costs and Antitrust Barriers to Entry (pp. 471-475)
Rchard Schmalensee
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John Bates Clark Award (page 478)
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Minutes of the Annual Meeting (pp. 479-480)
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Minutes of the Executive Committee Meetings (pp. 481-491)
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Report of the Secretary for 2003 (pp. 492-494)
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Report of the Treasurer (pp. 495-498)
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Report of the Finance Committee (pp. 499-500)
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Report of the Editor - American Economic Review (pp. 501-513)
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Report of the Editor - Journal of Economic Literature (pp. 514-517)
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Report of the Editor - Journal of Economic Perspectives (pp. 518-519)
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Report of the Director - Job Openings for Economists (pp. 520-522)
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Report of the Committee on Economic Education (pp. 523-524)
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Report of the Committee on the Status of Women in the Economics Profession (pp. 525-533)
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Report of the Search Committee for a JEL Editor (page 534)
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American Economic Association Universal Academic Questionnaire Summary Statistics (pp. 535-538)
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Information on the Association (page 539)
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