Editors' Introduction
(p. vii)
American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Vol. 94, No. 2, May 2004
Find articles in this issue
Foreword
(p. viii)
The Institutions of Monetary Policy
(pp. 1–13)
Asset Prices, Financial Instability, and Monetary Policy
(pp. 14–18)
Inflation Illusion and Stock Prices
(pp. 19–23)
The Fed Response to Equity Prices and Inflation
(pp. 24–28)
Aggregate Short Interest and Market Valuations
(pp. 29–32)
Risk and Uncertainty in Monetary Policy
(pp. 33–40)
Panel Discussion
(pp. 41–48)
Preemption, Changing Structure, and U. S. Monetary Policy
(pp. 49–52)
Serial Default and the "Paradox" of Rich-to-Poor Capital Flows
(pp. 53–58)
Financial Openness, Sudden Stops, and Current-Account Reversals
(pp. 59–64)
Financial Opening and Development: Evidence and Policy Controversies
(pp. 65–70)
Monetary and Fiscal Remedies for Deflation
(pp. 71–75)
Policy Options in a Liquidity Trap
(pp. 76–79)
Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates
(pp. 80–84)
Conducting Monetary Policy at Very Low Short-Term Interest Rates
(pp. 85–90)
Transparency of Information and Coordination in Economies with Investment Complementarities
(pp. 91–98)
Deflation and Depression: Is There an Empirical Link?
(pp. 99–103)
Negative Nominal Interest Rates
(pp. 104–108)
Wedges and Taxes
(pp. 109–113)
A Scapegoat Model of Exchange-Rate Fluctuations
(pp. 114–118)
Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1
(pp. 119–125)
Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?
(pp. 126–133)
Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?
(pp. 134–138)
Variety Growth and World Welfare
(pp. 139–144)
On the Measurement of Product Variety in Trade
(pp. 145–149)
Dissecting Trade: Firms, Industries, and Export Destinations
(pp. 150–154)
How Much Equity Does the Government Hold?
(pp. 155–160)
Toward a Consumption Tax, and Beyond
(pp. 161–165)
What Do Aggregate Consumption Euler Equations Say About the Capital-Income Tax Burden?
(pp. 166–170)
Taxation and Corporate Payout Policy
(pp. 171–175)
Is the Social Security Trust Fund a Store of Value?
(pp. 176–181)
Social Security Financing: Facts, Fantasies, Foibles, and Follies
(pp. 182–186)
Improving Social Security's Progressivity and Solvency with Hybrid Indexing
(pp. 187–191)
CEO Pay and Appointments: A Market-Based Explanation for Recent Trends
(pp. 192–196)
Inequality and the Organization of Knowledge
(pp. 197–202)
Task-Specific Human Capital
(pp. 203–207)
Balanced Skills and Entrepreneurship
(pp. 208–211)
The Structure of Wages and Internal Mobility
(pp. 212–216)
Using "Insider Econometrics" to Study Productivity
(pp. 217–223)
Integrated Longitudinal Employer-Employee Data for the United States
(pp. 224–229)
Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957-2000
(pp. 230–235)
Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States
(pp. 236–240)
Teacher Testing, Teacher Education, and Teacher Characteristics
(pp. 241–246)
The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data
(pp. 247–252)
Efficiency in the Use of Technology in Economic Education: Some Preliminary Results
(pp. 253–258)
What Students Remember and Say about College Economics Years Later
(pp. 259–265)
Ph. D. Program Learning and Job Demands: How Close Is the Match?
(pp. 266–271)
The Market for New Ph. D. Economists in 2002
(pp. 272–285)
Panel Discussion
(pp. 286–290)
Can Demand-Side Variables Explain the Low Numbers of Minority Faculty in Higher Education?
(pp. 291–295)
The Effects of Ph. D. Supply on Minority Faculty Representation
(pp. 296–301)
Panel Discussion
(pp. 302–306)
Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes?
(pp. 307–311)
Understanding How Child-Support Arrears Reached $18 Billion in California
(pp. 312–316)
Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium
(pp. 317–321)
Occupation, Sex-Integration, and Divorce
(pp. 322–325)
Wealth, Health, and Health Services in Rural Rajasthan
(pp. 326–330)
Medical Compliance and Income-Health Gradients
(pp. 331–335)
Do Conditional Cash Transfers Improve Child Health? Evidence from PROGRESA's Control Randomized Experiment
(pp. 336–341)
The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery
(pp. 342–346)
Managed Care, Information, and Diffusion: The Case of Treatment for Heart-Attack Patients
(pp. 347–351)
Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies
(pp. 352–356)
The Productivity of Physician Specialization: Evidence from the Medicare Program
(pp. 357–361)
Repetition and Reputation: Implications for Trust and Trustworthiness When Institutions Change
(pp. 362–366)
Mood-Driven Behavior in Strategic Interactions
(pp. 367–372)
Social Capital and Contributions in a Public-Goods Experiment
(pp. 373–376)
Gender and Competition at a Young Age
(pp. 377–381)
Property Rights to Technical Knowledge in Premodern Europe, 1300 -1800
(pp. 382–387)
Was Electricity a General Purpose Technology? Evidence from Historical Patent Citations
(pp. 388–394)
Institutions and Democratic Invention in 19th-Century America: Evidence from "Great Inventors," 1790-1930
(pp. 395–401)
Do We Underestimate the Benefits of Cultural Competition?
(pp. 402–407)
Psychology and the Market
(pp. 408–413)
Does Competition Destroy Ethical Behavior?
(pp. 414–418)
A Behavioral-Economics View of Poverty
(pp. 419–423)
Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience
(pp. 424–428)
Toward National Well-Being Accounts
(pp. 429–434)
Persuasion in Politics
(pp. 435–439)
The Employment Consequences of Wrongful-Discharge Laws: Large, Small, or None at All?
(pp. 440–446)
Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects
(pp. 447–453)
Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias
(pp. 454–460)
What Is a Barrier to Entry?
(pp. 461–465)
Why Barriers to Entry Are Barriers to Understanding
(pp. 466–470)
Sunk Costs and Antitrust Barriers to Entry
(pp. 471–475)
John Bates Clark Award
(p. 478)
Minutes of the Annual Meeting
(pp. 479–480)
Minutes of the Executive Committee Meetings
(pp. 481–491)
Report of the Secretary for 2003
(pp. 492–494)
Report of the Treasurer
(pp. 495–498)
Report of the Finance Committee
(pp. 499–500)
Report of the Editor: American Economic Review
(pp. 501–513)
Report of the Editor: Journal of Economic Literature
(pp. 514–517)
Report of the Editor: Journal of Economic Perspectives
(pp. 518–519)
Report of the Director: Job Openings for Economists
(pp. 520–522)
Report of the Committee on Economic Education
(pp. 523–524)
Report of the Committee on the Status of Women in the Economics Profession
(pp. 525–533)
Report of the Search Committee for a JEL Editor
(p. 534)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 535–538)
Information on the Association
(p. 539)