American Economic Review
1969 - 2025
Current editor(s): Esther Duflo From American Economic Association Contact information at EDIRC. Bibliographic data for series maintained by Michael P. Albert (). Access Statistics for this journal.
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Volume 90, issue 5, 2000
- Does Exchange-Rate Stability Increase Trade and Welfare? pp. 1093-1109

- Eric van Wincoop and Philippe Bacchetta
- Market Contagion: Evidence from the Panics of 1854 and 1857 pp. 1110-1124

- Cormac Ó Gráda and Morgan Kelly
- Monetary Aggregates and Output pp. 1125-1135

- Finn Kydland and Scott Freeman
- Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption pp. 1136-1159

- Stephanie Schmitt-Grohe
- Does Schooling Cause Growth? pp. 1160-1183

- Pete Klenow and Mark Bils
- Schooling, Labor-Force Quality, and the Growth of Nations pp. 1184-1208

- Dennis D. Kimko and Eric A. Hanushek
- Does Competition among Public Schools Benefit Students and Taxpayers? pp. 1209-1238

- Caroline M. Hoxby
- "Globalization" and Vertical Structure pp. 1239-1254

- John McLaren
- Diversity and Trade pp. 1255-1275

- Giovanni Maggi and Gene Grossman
- Economic Integration and Political Disintegration pp. 1276-1296

- Enrico Spolaore, Alberto Alesina and Romain Wacziarg
- The Determinants of Equilibrium Unemployment pp. 1297-1322

- Eran Yashiv
- Aggregate Employment Fluctuations with Microeconomic Asymmetries pp. 1323-1345

- Jonas Fisher and Jeffrey Campbell
- Performance Pay and Productivity pp. 1346-1361

- Edward Lazear
- Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Comment pp. 1362-1396

- William Wascher and David Neumark
- Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania: Reply pp. 1397-1420

- Alan Krueger and David Card
- Central-Bank Credibility: Why Do We Care? How Do We Build It? pp. 1421-1431

- Alan Blinder
- Nominal Wage Rigidity and Industry Characteristics in the Downturns of 1893, 1929, and 1981 pp. 1432-1446

- Christopher Hanes
- Money, Sticky Wages, and the Great Depression pp. 1447-1463

- Christopher Erceg, Michael Bordo and Charles Evans
- Output Fluctuations in the United States: What Has Changed since the Early 1980's? pp. 1464-1476

- Gabriel Perez-Quiros and Margaret M. McConnell
- Social Interactions and the Institutions of Local Government pp. 1477-1490

- William C. Strange and Robert W. Helsley
- Social Limits to Redistribution pp. 1491-1507

- Hans Peter Gruner and Giacomo Corneo
- Tax Competition When Governments Lack Commitment: Excess Capacity as a Countervailing Threat pp. 1508-1519

- Eckhard Janeba
- Selective versus Universal Vouchers: Modelling Median Voter Preferences in Education pp. 1520-1534

- Edwin G. West and Zhiqi Chen
- Erratum: A Reconsideration of the Twentieth Century pp. 1535-1535

- Robert Mundell
Volume 90, issue 4, 2000
- Orchestrating Impartiality: The Impact of "Blind" Auditions on Female Musicians pp. 715-741

- Cecilia Rouse and Claudia Goldin
- Wage Shocks and North American Labor-Market Integration pp. 742-764

- Raymond Robertson
- Mentoring and Diversity pp. 765-786

- Christopher Avery, Susan Athey and Peter Zemsky
- Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good to Be True? pp. 787-805

- Pok-sang Lam, Stephen Cecchetti and Nelson Mark
- Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond pp. 806-828

- David Weil and Oded Galor
- Endogenous Growth and Cross-Country Income Differences pp. 829-846

- Peter Howitt
- Aid, Policies, and Growth pp. 847-868

- David Dollar and Craig Burnside
- A Reassessment of the Relationship between Inequality and Growth pp. 869-887

- Kristin Forbes
- Intelligence, Social Mobility, and Growth pp. 888-908

- Sevi Rodríguez Mora and John Hassler
- A Representative Consumer Theory of Distribution pp. 909-926

- Jaume Ventura and Francesco Caselli
- Meetings with Costly Participation pp. 927-943

- Jeffrey S. Rosenthal, Martin Osborne and Matthew Turner
- Motivating Wealth-Constrained Actors pp. 944-960

- David Sappington and Tracy Lewis
- Demand Reduction in Multiunit Auctions: Evidence from a Sportscard Field Experiment pp. 961-972

- David Reiley and John List
- Does Culture Matter in Economic Behavior? Ultimatum Game Bargaining among the Machiguenga of the Peruvian Amazon pp. 973-979

- Joseph Henrich
- Cooperation and Punishment in Public Goods Experiments pp. 980-994

- Simon Gächter and Ernst Fehr
- Asset Markets: How They Are Affected by Tournament Incentives for Individuals pp. 995-1004

- R. Isaac and Duncan James
- Losing Sleep at the Market: The Daylight Saving Anomaly pp. 1005-1011

- Lisa Kramer, Mark Kamstra and Maurice Levi
- Private Information and Trade Timing pp. 1012-1018

- Lones Smith
- A Preference Regime Model of Bull and Bear Markets pp. 1019-1033

- Pascal St-Amour and Stephen Gordon
- Learning and Forgetting: The Dynamics of Aircraft Production pp. 1034-1054

- C. Lanier Benkard
- Optimal Risk Adjustment in Markets with Adverse Selection: An Application to Managed Care pp. 1055-1071

- Thomas G. McGuire and Jacob Glazer
- Fair Shares: Accountability and Cognitive Dissonance in Allocation Decisions pp. 1072-1091

- James Konow
Volume 90, issue 3, 2000
- A Reconsideration of the Twentieth Century pp. 327-340

- Robert Mundell
- Saving and Growth with Habit Formation pp. 341-355

- Jody Overland, Christopher Carroll and David Weil
- Tax Policy and Aggregate Demand Management under Catching Up with the Joneses pp. 356-366

- Harald Uhlig and Lars Ljungqvist
- Habit Formation in Consumption and Its Implications for Monetary-Policy Models pp. 367-390

- Jeffrey Fuhrer
- Habit Formation in Consumer Preferences: Evidence from Panel Data pp. 391-406

- Karen E. Dynan
- What Do a Million Observations on Banks Say about the Transmission of Monetary Policy? pp. 407-428

- Jeremy C. Stein and Anil Kashyap
- Federal Reserve Information and the Behavior of Interest Rates pp. 429-457

- David Romer and Christina Romer
- What Inventory Behavior Tells Us about Business Cycles pp. 458-481

- James Kahn and Mark Bils
- Job Destruction and Propagation of Shocks pp. 482-498

- Garey Ramey, Wouter J. den Haan and Joel Watson
- Efficiency and Information Aggregation in Auctions pp. 499-525

- Jeroen M. Swinkels and Wolfgang Pesendorfer
- Ownership Risk, Investment, and the Use of Natural Resources pp. 526-549

- Robert Deacon and Henning Bohn
- Standardization in Decentralized Economies pp. 550-570

- Michel Benaim and Emmanuelle Auriol
- The Labeling Effect of a Child Benefit System pp. 571-583

- Peter Kooreman
- A Time-Series Analysis of Crime, Deterrence, and Drug Abuse in New York City pp. 584-604

- Naci Mocan and Hope Corman
- A Theory of Rigid Extremists and Flexible Moderates with an Application to the U.S. Congress pp. 605-620

- Joseph E. Harrington and Stephen Blomberg
- Sovereign Debt as Intertemporal Barter pp. 621-639

- Brian Wright and Kenneth Kletzer
- Role Models and Arguments for Affirmative Action pp. 640-648

- Kim-Sau Chung
- Political Influence and the Dynamic Consistency of Policy pp. 649-666

- Jaewoo Lee and Michelle Garfinkel
- The Role of a Variable Input in the Relationship between Investment and Uncertainty pp. 667-680

- Kwanho Shin and Jaewoo Lee
- Optimal Income Taxation: An Example with a U-Shaped Pattern of Optimal Marginal Tax Rates: Comment pp. 681-686

- Michel Strawczynski and Momi Dahan
- Capital Mobility in NeoClassical Models of Growth: Comment pp. 687-694

- Petr Duczynski
- Herd Behavior and Investment: Comment pp. 695-704

- Peter Sorensen and Marco Ottaviani
- Herd Behavior and Investment: Reply pp. 705-706

- Jeremy C. Stein and David S. Scharfstein
Volume 90, issue 2, 2000
- International Financial Crises: Causes, Prevention, and Cures pp. 1-16

- Lawrence H. Summers
- Crisis and Risk Management pp. 17-21

- Myron S. Scholes
- Tunneling pp. 22-27

- Simon Johnson
- U.S. Banks, Crises, and Bailouts: From Mexico to LTCM pp. 28-31

- Dong Lee, Bong-Chan Kho and Rene M. Stulz
- Floating, Fixed, or Super-Fixed? Dollarization Joins the Menu of Exchange-Rate Options pp. 32-37

- Rachel McCulloch and Blake Lebaron
- Conflicting Demands on the International Monetary Fund pp. 38-42

- Anne O. Krueger
- Rules and Authorities in International Monetary Arrangements: The Role of the Central Bank pp. 43-47

- Robert Z. Aliber
- Why Did the Ruble Collapse in August 1998? pp. 48-52

- Padma Desai
- The Polish Zloty, 1990-1999: Success and Underperformance pp. 53-58

- Domenico Mario Nuti
- Capital-Markets Crises and Economic Collapse in Emerging Markets: An Informational-Frictions Approach pp. 59-64

- Enrique Mendoza and Guillermo Calvo
- Mirage of Floating Exchange Rates pp. 65-70

- Carmen Reinhart
- Exchange-Rate Policy for Developing Countries pp. 71-75

- Andres Velasco and Roberto Chang
- Telling Better Stories in Introductory Macro pp. 76-80

- David Colander
- Eight Reasons Why Real versus Nominal Interest Rates Is the Most Important Concept in Macroeconomics Principles Courses pp. 81-84

- Peter Kennedy
- The Principles of Macroeconomics at the Millennium pp. 85-89

- Michael Parkin
- Teaching Modern Macroeconomics at the Principles Level pp. 90-94

- John Taylor
- The First Year of the Eurosystem: Inflation Targeting or Not? pp. 95-99

- Lars E. O. Svensson
- Pitfalls of Forward-Looking Monetary Policy pp. 100-104

- Michael Woodford
- Inflation Targeting in Emerging-Market Countries pp. 105-109

- Frederic Mishkin
- Requiem for the Representative Consumer? Aggregate Implications of Microeconomic Consumption Behavior pp. 110-115

- Christopher Carroll
- Testing the (S, s) Model pp. 116-119

- Erik Hurst, Christopher Foote and John Leahy
- The Savers-Spenders Theory of Fiscal Policy pp. 120-125

- N. Gregory Mankiw
- Political Losers as a Barrier to Economic Development pp. 126-130

- James Robinson and Daron Acemoglu
- Ethnicity and Development in Africa: A Reappraisal pp. 131-134

- Robert Bates
- Capture and Governance at Local and National Levels pp. 135-139

- Dilip Mookherjee and Pranab Bardhan
- Participatory Politics, Social Cooperation, and Economic Stability pp. 140-144

- Dani Rodrik
- Beyond the Algebra of Explanation: HOV for the Technology Age pp. 145-149

- Susan Chun Zhu and Daniel Trefler
- International Trade as an "Integrated Equilibrium": New Perspectives pp. 150-154

- David Weinstein and Donald Davis
- Aggregation Bias in the Factor Content of Trade: Evidence from U.S. Manufacturing pp. 155-160

- Gordon Hanson and Robert Feenstra
- U.S. Economic Growth at the Industry Level pp. 161-167

- Kevin J. Stiroh and Dale Jorgenson
- Economic and Productivity Growth in Canadian Industries pp. 168-171

- Frank Lee, Wulong Gu and Jianmin Tang
- A Comparison of Industrial Productivity Growth in Canada and the United States pp. 172-175

- Mun Ho and Wulong Gu
- Productivity Levels and International Competitiveness between Canadian and U.S. Industries pp. 176-179

- Jianmin Tang and Frank Lee
- The IBM and Microsoft Cases: What's the Difference? pp. 180-183

- Franklin M. Fisher
- A Competitive Perspective on Internet Explorer pp. 184-187

- Kevin Murphy and Steven Davis
- Toward a Quantification of the Effects of Microsoft's Conduct pp. 188-191

- Robert E. Hall and Chris E. Hall
- Antitrust Issues in Schumpeterian Industries pp. 192-196

- Richard Schmalensee
- Has the "Million-Dollar Cap" Affected CEO Pay? pp. 197-202

- Catherine Wolfram and Nancy Rose
- Agents with and without Principals pp. 203-208

- Sendhil Mullainathan and Marianne Bertrand
- Optimal Exercise Prices for Executive Stock Options pp. 209-214

- Kevin Murphy and Brian J. Hall
- Knowledge Spillovers and Patent Citations: Evidence from a Survey of Inventors pp. 215-218

- Manuel Trajtenberg, Adam Jaffe and Michael S. Fogarty
- Who Benefits Most from Employee Involvement: Firms or Workers? pp. 219-223

- Morris M. Kleiner and Richard Freeman
- Is Cost-Cutting Evidence of X-Inefficiency? pp. 224-227

- Joseph Farrell and Severin Borenstein
- Economists and Field Research: "You Can Observe a Lot Just by Watching." pp. 228-232

- Susan Helper
- Can Downstream Waste Disposal Policies Encourage Upstream "Design for Environment"? pp. 233-237

- Margaret Walls and Paul Calcott
- Two Generalizations of a Deposit-Refund Systems pp. 238-242

- Ann Wolverton and Don Fullerton
- Restricting the Trash Trade pp. 243-246

- Molly Macauley, Eduardo Ley and Stephen W. Salant
- Economic Measurement: Progress and Challenges pp. 247-252

- Michael J. Boskin
- Getting the 21st-Century GDP Right: What's Underway? pp. 253-258

- Brent Moulton
- New Directions in National Economic Accounting pp. 259-263

- William Nordhaus
- The Income and Tax Share of Very High-Income Households, 1960-1995 pp. 264-270

- James Poterba and Daniel Feenberg
- Taxes, High-Income Executives, and the Perils of Revenue Estimation in the New Economy pp. 271-275

- Austan Goolsbee
- Capital-Gains Realizations of the Rich and Sophisticated pp. 276-282

- Jonathan M. Siegel and Alan Auerbach
- Tax Policy and Entrepreneurial Entry pp. 283-287

- R. Glenn Hubbard and William Gentry
- How Much Should Americans Be Saving for Retirement? pp. 288-292

- B. Douglas Bernheim
- Generational Accounts for the United States: An Update pp. 293-296

- Jagadeesh Gokhale
- Saver Behavior and 401(k) Retirement Wealth pp. 297-302

- Steven Venti, James Poterba and David Wise
- Generational Aspects of Medicare pp. 303-307

- Louise Sheiner and David Cutler
- Racial and Ethnic Economic Inequality: The International Record pp. 308-311

- Jessica Gordon Nembhard and William Darity
- Persistent Discrimination: Racial Disparity in the United States, 1967-1988 pp. 312-316

- Patrick Mason
- Intergroup Economic Inequality in South Africa: The Post-apartheid Era pp. 317-321

- George Sherer
- Does Caste Still Define Disparity? A Look at Inequality in Kerala, India pp. 322-325

- Ashwini Deshpande
- The Convergence in Black-White Infant Mortality Rates during the 1960's pp. 326-332

- Michael Greenstone and Kenneth Chay
- Labor-Market Dropouts and the Racial Wage Gap: 1940-1990 pp. 333-338

- Amitabh Chandra
- Evaluating a Simple Method for Estimating Black-White Gaps in Median Wages pp. 339-343

- Yuichi Kitamura, William Johnson and Derek Neal
- Understanding Black-White Wage Differentials, 1960-1990 pp. 344-349

- Thomas M. Lyons, James J. Heckman and Petra Todd
- Immigration, Social Security, and Broader Fiscal Impacts pp. 350-354

- Timothy Miller and Ronald Lee
- Foreign-Born Teaching Assistants and the Academic Performance of Undergraduates pp. 355-359

- George Borjas
- Do Immigrant Inflows Lead to Native Outflows? pp. 360-367

- John DiNardo and David Card
- Immigrant Earnings Assimilation: Estimates from Longitudinal Data pp. 368-372

- Wei-Yin Hu
- Welfare Benefits and Female Headship in U.S. Time Series pp. 373-377

- Robert Moffitt
- The Economics of Fatherhood pp. 378-382

- Robert Willis
- Women on Welfare: A Macroeconomic Analysis pp. 383-388

- Nezih Guner, Jeremy Greenwood and John Knowles
- Carrots and Sticks: Fertility Effects of China's Population Policies pp. 389-392

- Dennis Yang and Marjorie McElroy
- Child Health and Household Resources in South Africa: Evidence from the Old Age Pension Program pp. 393-398

- Esther Duflo
- Agricultural Volatility and Investments in Children pp. 399-404

- Robert Jensen
- Sibling Rivalry in Africa pp. 405-409

- Jonathan Morduch
- The Power of Incentives pp. 410-414

- Edward Lazear
- The Use of Performance Measures in Incentive Contracting pp. 415-420

- George Baker
- What Trade-Off of Risk and Incentives? pp. 421-425

- Canice Prendergast
- Emotions in Economic Theory and Economic Behavior pp. 426-432

- George Loewenstein
- A Boundedly Rational Decision Algorithm pp. 433-438

- David Laibson and Xavier Gabaix
- Thinking and Feeling pp. 439-443

- Paul Romer
- Growth in Women's Relative Wages and in Inequality among Men: One Phenomenon or Two? pp. 444-449

- Finis Welch
- The Rise of Female Professionals: Are Women Responding to Skill Demand? pp. 450-455

- Chinhui Juhn and Sandra Black
- Are Women's Wage Gains Men's Losses? A Distributional Test pp. 456-460

- Thomas Lemieux and Nicole Fortin
- Career and Marriage in the Age of the Pill pp. 461-465

- Lawrence Katz and Claudia Goldin
- Why Are Women Such Reluctant Economists? Evidence from Liberal Arts Colleges pp. 466-470

- Ann Owen and Elizabeth Jensen
- Do Colleges Shortchange Women? Gender Differences in the Transition from College to Work pp. 471-475

- Lois Joy
- Harriet Taylor Mill pp. 476-479

- Michele A. Pujol and Janet A. Seiz
- Nineteenth-Century American Feminist Economics: From Caroline Dall to Charlotte Perkins Gilman pp. 480-484

- Robert Dimand
- JOHN BATES CLARK MEDALIST pp. 486-486

- Andrei Shleifer
- Minutes of the Annual Meeting pp. 487-487

- John Siegfried
- Minutes of the Executive Committee Meetings pp. 488-494

- John Siegfried
- Report of the Secretary for 1999 pp. 495-497

- John Siegfried
- Report of the Treasurer for the Year Ending December 31, 1999 pp. 498-498

- C. Elton Hinshaw
- Report of the Finance Committee pp. 499-499

- C. Elton Hinshaw
- Report of the Editor: American Economic Review pp. 500-507

- Orley Ashenfelter
- Report of the Editor: Journal of Economic Literature pp. 508-510

- John McMillan
- Report of the Editor: Journal of Economic Perspectives pp. 511-513

- Alan Krueger
- Report of the Director: Job Openings for Economists pp. 514-516

- C. Elton Hinshaw
- Report of the Committee on Economic Education pp. 517-518

- Michael K. Salemi
- Report of the Committee on the Status of Minority Groups in the Economics Profession pp. 519-520

- William Darity
- Report of the Committee on the Status of Women in the Economics Profession pp. 521-527

- Robin L. Bartlett
- Report of the AEA Committee on the Journals pp. 528-531

- Thomas Schelling
- Report of the Representative to the National Bureau of Economic Research pp. 532-533

- John Siegfried
- American Economic Association Universal Academic Questionnaire Summary Statistics pp. 534-536

- Charles E. Scott
Volume 90, issue 1, 2000
- Population, Food, and Knowledge pp. 1-14

- D. Johnson
- Optimal Adoption of Complementary Technologies pp. 15-29

- Dmitriy Stolyarov and Boyan Jovanovic
- Collateral Damage: Effects of the Japanese Bank Crisis on Real Activity in the United States pp. 30-45

- Eric Rosengren and Joe Peek
- Endogenous Inequality in Integrated Labor Markets with Two-Sided Search pp. 46-72

- Larry Samuelson, George Mailath and Avner Shaked
- Labor-Market Integration, Investment in Risky Human Capital, and Fiscal Competition pp. 73-95

- David Wildasin
- Unequal Societies: Income Distribution and the Social Contract pp. 96-129

- Roland Benabou
- Mobility, Targeting, and Private-School Vouchers pp. 130-146

- Thomas Nechyba
- Liberalization, Moral Hazard in Banking, and Prudential Regulation: Are Capital Requirements Enough? pp. 147-165

- Kevin C. Murdock, Thomas F. Hellmann and Joseph Stiglitz
- ERC: A Theory of Equity, Reciprocity, and Competition pp. 166-193

- Axel Ockenfels and Gary Bolton
- The Choice between Market Failures and Corruption pp. 194-211

- Thierry Verdier and Daron Acemoglu
- Elephants pp. 212-234

- Charles Morcom and Michael Kremer
- Credit Rationing? pp. 235-239

- Dan Bernhardt
- Third-Degree Price Discrimination in Input Markets: Output and Welfare pp. 240-246

- Yoshihiro Yoshida
- A Simple Mechanism for the Efficient Provision of Public Goods: Experimental Evidence pp. 247-264

- Josef Falkinger
- Limiting Buyer Discretion: Effects on Performance and Price in Long-Term Contracts pp. 265-281

- Lisa J. Cameron
- Economic Growth and the Elasticity of Substitution: Two Theorems and Some Suggestions pp. 282-291

- Olivier de La Grandville and Rainer Klump
- Economies of Scale and Constant Returns to Capital: A Neglected Early Contribution to the Theory of Economic Growth pp. 292-295

- Edmund Cannon
- Naked Exclusion: Comment pp. 296-309

- Michael Whinston and Ilya R. Segal
- Naked Exclusion: Reply pp. 310-311

- John Ramseyer, Eric Rasmusen and John Shepard Wiley
- The Phillips Curve, the Persistence of Inflation, and the Lucas Critique: Evidence from Exchange-Rate Regimes: Comment pp. 312-315

- Alex Lammertsma and Clemens Kool
- Unique Equilibrium in a Model of Self-Fulfilling Currency Attacks: Comment pp. 316-318

- Frank Heinemann
- The Deadweight Loss of Christmas: Comment pp. 319-324

- Orit Tykocinski and Bradley Ruffle
- The Deadweight Loss of Christmas: Reply pp. 325-325

- David Hemenway and Sara J. Solnick
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