Econometrica, Vol. 67, No. 3 (May, 1999)
THE ECONOMETRIC SOCIETY ANNUAL REPORTS, 1998 REPOR T OF THE PRESIDENT
THE ECONOMETRIC SOCIETY, founded in 1930, is the main internat ional organization of econom ists. For a compact description of the Society and its functions as well as a copy of its constitution, see Robert J. Gordon, ‘‘What is the Econometr ic Society? History, Organization, and Basic Procedures,’’ Econometrica, 65 (November, 1997). This report is a description of some of the Society’s activities during 1998.
1998 was a stable year for the editorship, and so will be 1999. Drew Fudenberg continued to serve as editor, assisted by co-editors Richard Blunde ll, Alain Monfort, Andrew Postlewaite, and Nancy Stokey, and by Dorothy Hodges as Mana ging Editor. The editorial team has pursued its earlier effort to reduce the turnaround time while keeping the standard s that have long made Econometrica the reference in scholarship in economic theory and econometr ics. On new submissions, 78 percent of decisions were made in five months or less, which is a reasonable performance compared to other journa ls but worse than the 89 percent record achieved in the previous year. Submissions are running at a margin of about two-one in favor of theory as compared to econometrics.