Advances in Economics and Econometrics

ThisisthefirstofthreevolumescontainingeditedversionsofpapersandacommentarypresentedatinvitedsymposiumsessionsoftheNinthWorldCongressoftheEconometricSociety,heldinLondoninAugust2005.Thepaperssummariseandinterpretkeydevelopments,andtheydiscussfuturedirectionsforawidevarietyoftopicsineconomicsandeconometrics.Thepaperscoverboththeoryandapplications.Writtenbyleadingspecialistsintheirfields,thesevolumesprovideauniquesurveyofprogressinthediscipline.

RichardBlundellCBEFBAholdstheDavidRicardoChairinPoliticalEconomyatUniversityCollegeLondonandisResearchDirectoroftheInstituteforFiscalStudies,London.HeisalsoDirectoroftheEconomicandSocialResearchCouncil'sCentrefortheMicroeconomicAnalysisofPublicPolicy.ProfessorBlundellservesasPresidentoftheEconometricSocietyfor2006.WhitneyK.NeweyisProfessorofEconomicsattheMassachusettsInstituteofTechnology.A2000-01FellowattheCenterforAdvancedStudyintheBehavioralSciencesinPaloAlto,heisAssociateEditorofEconometricaandtheJournalofStatisticalPlanningandInference,andformerlyservedasAssociateEditorofEconometricTheory.TorstenPerssonisProfessorandDirectoroftheInstituteforInternationalEconomicStudiesatStockholmUniversityandCentennialProfessorofEconomicsattheLondonSchoolofEconomics.HewaselectedaForeignHonoraryMemberoftheAmericanAcademyofArtsandSciencesin2001andservedasPresidentoftheEuropeanEconomicAssociationin2003.