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American Economic Review

Vol. 92, No. 2, May 2002


Editors' Introduction (page vii)
Robert E. Lucas, Jr

Foreword (page viii)
Robert E. Lucas, Jr

Prosperity and Depression (pp. 1-15)
Edward C. Prescott

Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's (pp. 16-21)
Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto

Accounting for the Great Depression (pp. 22-27)
V. V. Chari, Patrick J. Kehoe and Ellen R. McGrattan

The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory (pp. 28-32)
Harold L. Cole and Lee E. Ohanian

A Dual Liquidity Model for Emerging Markets (pp. 33-37)
Ricardo J. Caballero and Arvind Krishnamurthy

Bank Bailouts and Aggregate Liquidity (pp. 38-41)
Douglas W. Diamond and Raghuram G. Rajan

Domestic and International Supply of Liquidity (pp. 42-45)
Bengt Holmstrom and Jean Tirole

Balance-Sheet Contagion (pp. 46-50)
Nobuhiro Kiyotaki and John Moore

Payment Arrangements and Inflation (pp. 51-57)
Edward J. Green

Money: What's the Question and Why Should We Care About the Answer? (pp. 58-61)
Narayana R. Kocherlakota

Evil Is the Root of All Money (pp. 62-66)
Nobuhiro Kiyotaki and John Moore

Matching and Money (pp. 67-71)
Dean Corbae, Ted Temzelides and Randall Wright

Chaotic Interest-Rate Rules (pp. 72-78)
Jess Benhabib, Stephanie Schmitt-Grohé and Martín Uribe

Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis (pp. 79-84)
Charles T. Carlstrom and Timothy S. Fuerst

The Choice of an Inflation Target Range in a Small Open Economy (pp. 85-89)
Christopher J. Erceg

The Fed and Interest Rates - A High-Frequency Identification (pp. 90-95)

The Natural Rate of Q (pp. 96-101)
Bill Dupor

Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility (pp. 102-107)
Maurice Obstfeld

The Fed and the New Economy (pp. 108-114)
Laurence Ball and Robert R. Tchaidze

Monetary-Policy Rules and the Great Inflation (pp. 115-120)
Athanasios Orphanides

A Rehabilitation of Monetary Policy in the 1950's (pp. 121-127)
Christina D. Romer and David H. Romer

Monetary Policy, Banking Crises, and the Friedman Rule (pp. 128-134)
Bruce D. Smith

Excess Asset Returns with Limited Enforcement (pp. 135-140)
Costas Azariadis and Luisa Lambertini

Self-Insurance, Social Insurance, and the Optimum Quantity of Money (pp. 141-147)
Chris Edmond

The U.S. Technology Frontier (pp. 148-152)
Francesco Caselli and Wilbur John Coleman II

The U.S. Demographic Transition (pp. 153-159)
Jeremy Greenwood and Ananth Seshadri

The Role of Agriculture in Development (pp. 160-164)
Douglas Gollin, Stephen Parente and Richard Rogerson

Interpreting the Tariff–Growth Correlation of the Late 19th Century (pp. 165-169)
Douglas A. Irwin

The Mystery of the Excess Trade (Balances) (pp. 170-174)
Donald R. Davis and David E. Weinstein

Cost of Protection: Where Do We Stand? (pp. 175-179)
Arvind Panagariya

Trade and Poverty in the Poor Countries (pp. 180-183)
Jagdish Bhagwati and T. N. Srinivasan

Firm and Product Life Cycles and Firm Survival (pp. 184-190)
Rajshree Agarwal and Michael Gort

The Decline of Cities and Inequality (pp. 191-197)
Mehmet Yorukoglu

The Q-Theory of Mergers (pp. 198-204)
Boyan Jovanovic and Peter L. Rousseau

The Economics of Copyright "Fair Use" in a Networked World (pp. 205-208)
Benjamin Klein, Andres V. Lerner and Kevin M. Murphy

The Case Against Intellectual Property (pp. 209-212)
Michele Boldrin and David Levine

When Should We Use Intellectual Property Rights? (pp. 213-216)
Paul Romer

On the Supply of Creative Work: Evidence from the Movies (pp. 217-220)
Kai-Lung Hui and I. P. L. Png

150 Years of Patent Protection (pp. 221-225)
Josh Lerner

Accounting for Innovation and Measuring Innovativeness: An Illustrative Framework and an Application (pp. 226-230)
Jacques Mairesse and Pierre Mohnen

Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry (pp. 231-235)
Bipasa Datta and Huw Dixon

The Internet and International Trade in Services (pp. 236-240)
Caroline Freund and Diana Weinhold

Explaining Diversity: Symmetry-Breaking in Complementarity Games (pp. 241-246)
Kiminori Matsuyama

Spatial Agglomeration Dynamics (pp. 247-252)
Danny Quah

Is Equality Stable? (pp. 253-259)
Dilip Mookherjee and Debraj Ray

Inheritances and Wealth Inequality, 1989–1998 (pp. 260-264)
Edward N. Wolff

Simulating the Transmission of Wealth Inequality (pp. 265-269)
Jagadeesh Gokhale and Laurence J. Kotlikoff

Wealth Inequality and Altruistic Bequests (pp. 270-273)
John Laitner

The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer (pp. 274-278)
Jonathan Skinner and Stephen P. Zeldes

The Behavioral and Distributional Implications of Aid for College (pp. 279-285)
Susan Dynarski

Semiparametric Reduced-Form Estimation of Tuition Subsidies (pp. 286-292)
Hidehiko Ichimura and Christopher Taber

Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates (pp. 293-297)
Michael P. Keane

A Multinomial-Choice Model of Neighborhood Effects (pp. 298-303)
William A. Brock and Steven N. Durlauf

Identifying Hedonic Models (pp. 304-309)
Ivar Ekeland, James J. Heckman and Lars Nesheim

On the Demographic Composition of Colleges and Universities in Market Equilibrium (pp. 310-314)
Dennis Epple, Richard Romano and Holger Sieg

Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination (pp. 315-319)
Christopher Henderson

A Dream Deferred or Realized: The Impact of Public Policy on Fostering Black Homeownership in New York City Throughout the 1990's (pp. 320-324)
Lance Freeman and Darrick Hamilton

Cooperatives and Wealth Accumulation: Preliminary Analysis (pp. 325-329)
Jessica Gordon Nembhard

Wealth: Asset-Accumulation Differences by Race–SCF Data, 1995 and 1998 (pp. 330-334)
Ronald L. Straight

A Foundation for Behavioral Economics (pp. 335-338)
Jessica L. Cohen and William T. Dickens

IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds (pp. 339-343)
Charles Murray

The Nature and Nurture of Economic Outcomes (pp. 344-348)
Bruce Sacerdote

Wage Gains Associated with Height as a Form of Health Human Capital (pp. 349-353)
T. Paul Schultz

The Motherhood Wage Penalty: Which Mothers Pay It and Why? (pp. 354-358)
Deborah J. Anderson, Melissa Binder and Kate Krause

Children and Household Income Packages: A Cross-National Analysis (pp. 359-362)
Erin Todd and Dennis Sullivan

Child Abuse and Abortion Availability (pp. 363-367)
Marianne Bitler and Madeline Zavodny

All in the Family: A Simultaneous Model of Parenting Style and Child Conduct (pp. 368-372)
Peter Burton, Shelley Phipps and Lori Curtis

Labor Supply at the Extensive and Intensive Margins: The EITC, Welfare, and Hours Worked (pp. 373-379)
Bruce D. Meyer

Welfare, Employment, and Income: Evidence on the Effects of Benefit Reductions from California (pp. 380-384)
V. Joseph Hotz, Charles H. Mullin and John Karl Scholz

The Behavioral Effects of Welfare Time Limits (pp. 385-389)
Jeffrey Grogger

The Wage Gap and Public Support for Social Security (pp. 390-395)
Assaf Razin, Efraim Sadka and Phillip Swagel

Pension Reforms and the Opinions of European Citizens (pp. 396-401)
Tito Boeri, Axel Boersch-Supan and Guido Tabellini

Asset-Market Effects of the Baby Boom and Social-Security Reform (pp. 402-406)
Robin Brooks

Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete (pp. 407-410)
Dirk Krueger and Felix Kubler

Taxation of Financial Services under a VAT (pp. 411-416)
Alan J. Auerbach and Roger H. Gordon

Capital-Income Taxation with Imperfect Competition (pp. 417-421)
Kenneth L. Judd

Exchange-Traded Funds: A New Investment Option for Taxable Investors (pp. 422-427)
James M. Poterba and John B. Shoven

Modern Evidence on the Firm (pp. 428-432)
Scott E. Masten

Complexity, Flexibility, and the Make-or-Buy Decision (pp. 433-437)
Steven Tadelis

The Lens of Contract: Private Ordering (pp. 438-443)
Oliver E. Williamson

Can Web Courses Replace the Classroom in Principles of Microeconomics? (pp. 444-448)
Byron W. Brown and Carl E. Liedholm

Microeconomic Principles Teaching Tricks (pp. 449-453)
Daniel S. Hamermesh

Reconsidering Crucial Concepts in Micro Principles (pp. 454-458)
Karl E. Case

The Economic Naturalist: Teaching Introductory Students How to Speak Economics (pp. 459-462)
Robert H. Frank

Use It or Lose It: Teaching Literacy in the Economics Principles Course (pp. 463-472)
W. Lee Hansen, Michael K. Salemi and John J. Siegfried

Promoting Economic Literacy: Panel Discussion (pp. 473-477)

John Bates Clark Award (page 480)

Minutes of the Annual Meeting (page 481)

Minutes of the Executive Committee Meetings (pp. 482-489)

Secretary (pp. 490-492)

Treasurer (pp. 493-496)

Finance Committee (page 497)

Editor, American Economic Review (pp. 498-504)

Editor, Journal of Economic Literature (pp. 505-507)

Editor, Journal of Economic Perspectives (pp. 508-510)

Director, Job Openings for Economists (pp. 511-513)

Committee on Economic Education (pp. 514-515)

Committee on the Status of Women in the Economics Profession (pp. 516-520)

AEA Exploratory Committee on Economic Statistics (pp. 521-525)

Search Committee for the Editor of the JEP (page 526)

Universal Academic Questionnaire Summary Statistics (pp. 527-530)