Econometrica, Vol. 71, No. 3 (May, 2003)
THE ECONOMETRIC SOCIETY ANNUAL REPORTS, 2002 REPORT OF THE PRESIDENT
The Econometric Society is an international association that promotes research in economics using quantitative approaches, both theoretical and empirical. The Society’s world-wide membership is organized in six regions, North America, Latin America, the Far East, Australasia, South and South-East Asia, and Europe. In pursuit of its objectives, the Society publishes a journal, Econometrica, and a World Congress meets every ﬁve years. The Society’s web site, http://www.econometricsociety.org/, contains detailed information about its history, structure and operations, as well instructions on how to join.
Econometrica publishes high-quality papers in economic theory, econometric theory, and empirical economics. Many studies rank it at the top among economics journals for its impact; for example, see Glenn Ellison, “The Slowdown of the Economics Publishing Process,” Journal of Political Economy, 2002, Vol. 110, No. 5, 947–993. Econometrica is currently edited by Glenn Ellison with the help of four Co-Editors, Costas Meghir, Eddie Dekel, Joel Horowitz, and Andrew Postlewaite, and several Associate Editors. On behalf of the Society, I am happy to thank all of these, and all the Associate Editors, for their contribution to the journal’s success. Glenn Ellison will step down on June 30th 2003. A committee, chaired by the First Vice-President Eric Maskin, which included Richard Blundell, Glenn Ellison, and Lars Hansen, searched for a new editor. Suggestions from the members of the Society were solicited by e-mail. I am glad to report that Eddie Dekel will edit Econometrica, starting July 1st 2003. From the same date, David Levine has accepted to become coeditor. All my wishes accompany the renewed team. Dorothy Hodges continues in her invaluable role as Managing Editor, and I am happy to take this opportunity to express the Society’s gratitude to her.
The issues of Econometrica have been substantially heavier than usual in 2001 and 2002, when the volumes contained about 40% more pages than usual. This has reduced the acceptance-publication delay from fourteen months to around nine months.