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Journal of Economic Perspectives

Vol. 23, No. 1, Winter 2009


Symposium: Early Stages of the Credit Crunch



The Economics of Structured Finance (pp. 3-25)
Joshua Coval, Jakub Jurek and Erik Stafford

The Rise in Mortgage Defaults (pp. 27-50)
Christopher Mayer, Karen Pence and Shane M. Sherlund

Crisis and Responses: The Federal Reserve in the Early Stages of the Financial Crisis (pp. 51-75)
Stephen G. Cecchetti

Deciphering the Liquidity and Credit Crunch 2007-2008 (pp. 77-100)
Markus K. Brunnermeier

Reflections on Northern Rock: The Bank Run That Heralded the Global Financial Crisis (pp. 101-19)
Hyun Song Shin

Symposium: Private Equity



Leveraged Buyouts and Private Equity (pp. 121-46)
Steven N. Kaplan and Per Stromberg
Free Article

Beware of Venturing into Private Equity (pp. 147-66)
Ludovic Phalippou

Articles



Microfinance Meets the Market (pp. 167-92)
Robert Cull, Asli Demirguc-Kunt and Jonathan Morduch

The U.S. Equity Return Premium: Past, Present, and Future (pp. 193-208)
J. Bradford DeLong and Konstantin Magin

Features



Markets: Red Light States: Who Buys Online Adult Entertainment? (pp. 209-20)
Benjamin Edelman

Retrospectives: On the Definition of Economics (pp. 221-33)
Roger E. Backhouse and Steven G. Medema

Recommendations for Further Reading (pp. 235-42)
Timothy Taylor

Comments: Ramesh Ramankutty; Erik Berglof; and William Easterly and Tobias Pfutze (pp. 243-246)

Notes (page 247)