American Economic Review: Papers & Proceedings 2015, 105(5): 683–688 http://dx.doi.org/10.1257/aer.15000009 Minutes of the Meeting of the Executive Committee Chicago, IL April 17, 2014 The first meeting of the 2014 Executive Charles I. Jones, Rachel Kranton, and Fiona Committee was called to order at 10:00 am on Scott Morton. The Nominating Committee and April 17, 2014 in the Heathrow A-B Room of the Executive Committee, acting together as the Hyatt Regency O’Hare Hotel, Chicago, IL. an electoral college, then VOTED to nominate Members present were: David Card, Dora Costa, Robert Shiller as President-elect, and VOTED Esther Duflo by phone , Steven Durlauf, Amy to recognize Robert Barro, Gregory Chow, Finkelstein, Pinelopi( Goldberg,) Claudia Goldin, Robert J. Gordon, and Richard Zeckhauser as Guido Imbens, Anil Kashyap, Jonathan Levin, Distinguished Fellows of the Association. The N. Gregory Mankiw, Rosa Matzkin, William President requested that the Secretary-Treasurer Nordhaus, Andrew Postlewaite, Peter Rousseau, revise the guidelines provided to the committee Matthew Shapiro, Christopher Sims, and Richard to reflect current practices more closely. Thaler. Alan Auerbach, Judith Chevalier, Henry Report of the Committee on Honors and Farber, and Jonathan Skinner participated in part Awards Auerbach . Auerbach explained that of the meeting and Andrew Abel, Susan Athey, nominations( for the) — Clark Medal were solic- and David Laibson participated by phone as ited from economics department heads of major members of the Honors and Awards Committee. research universities. The Honors and Awards Orley Ashenfelter participated in part of the Committee Auerbach chair , Abel, Athey, meeting as chair of the Nominating Committee. Chevalier, Farber,( Laibson,[ and] Skinner also Nancy Rose participated by phone as a member examined lists of eligible scholars to )insure of the Nominating Committee and as chair of that no viable candidate was overlooked. After the Ad Hoc Committee on Job Market Systems an extensive discussion of the importance and and Implementation. Assistant Secretary- likely lasting effects of the research contribu- Treasurer John Siegfried and General Counsel tions of candidates, the Honors and Awards Terry Calvani also attended. Committee and Executive Committee members, Nordhaus thanked past President Claudia acting together as an electoral college, VOTED Goldin for her service and presented her with to award the 2014 John Bates Clark Medal to a certificate recognizing her as a Distinguished Matthew Gentzkow. Fellow of the Association. He welcomed the Report of the Audit Committee Kashyap . newly elected members of the 2014 Executive The Audit Committee Kashyap (chair , Costa,) — Committee: Richard Thaler, President-elect; and Levin met with the( Association’s[ auditors,] David Card and N. Gregory Mankiw, Vice- Frasier, Dean,) and Howard, by teleconference on Presidents; and Dora Costa and Guido Imbens. March 12, 2014. The committee concluded there The minutes of the January 2, 2014 meeting are no material difficulties with the Association’s of the Executive Committee were approved as accounting procedures or financial controls. The written. auditors reported a clean audit to the committee. Report of the Nominating Committee Acting on the recommendation of the commit- Ashenfelter . Ashenfelter, who chaired the tee, it was VOTED to accept the audit for 2013. Committee( )consisting— also of Susan Collins, Report of the Advisory Committee on Steven Davis,( Paul Milgrom, Nancy Rose, Editorial Appointments Matzkin . Matzkin James Smith, Michael Woodford, and Gary led a discussion on the appointment( ) — of unten- Yohe , reported nominations for the indicated ured assistant professors to the editorial boards offices) in 2014: Vice-President—Ben Bernanke, of the Association’s journals. She noted that Bengt Holmstrom, David Romer, and Cecilia the committee has persistently discouraged Rouse; Executive Committee—David Autor, such appointments, and asked if a more formal 683 684 AEA PAPERS AND PROCEEDINGS MAY 2015 guideline would be helpful. After some discus- nize complete sessions using the Association’s sion, there was agreement that such appoint- Econ-Harmony website. Thaler announced that ments should continue to be considered on a Raj Chetty will deliver the 2015 Ely Lecture, case by case basis, but that the committee should that there would be a continued presence of in general be sensitive to overburdening junior poster sessions to encourage additional partici- faculty by appointing them to editorial boards. pation on the AEA program, and that a special Report of the Committee on the Status of panel featuring talks by leading researchers on a Women in the Economics Profession Rousseau specific theme was in the planning stages. for Marjorie McElroy .—Rousseau reviewed( a Report of the Editor of the American request from the committee) to increase funding Economic Review Goldberg .—Acting on the for the Association’s biannual regional men- Editor’s recommendation,( it) was VOTED to toring workshops by $10,000 per year, and to reappoint Marianne Bertrand and Debraj Ray increase the stipend of the regional workshop to second three-year terms as Coeditors of the coordinator by $3,000. He explained that the AER ending in June 2017, and to reappoint Luigi first adjustment was needed to bring the bud- Pistaferri to a second three-year term as Coeditor geted amount in line with actual costs of the ending in December 2017. It was also VOTED regional workshops, and the second to provide to reappoint Craig Burnside, Dirk Engelmann, adequate compensation to the coordinator for Navin Kartik, Gilat Levy, Jonathan Parker, Jesse the work required to deliver high-quality work- Rothstein, Rajiv Sethi, and Sarah Turner to sec- shops. After some discussion it was VOTED to ond three-year terms on the Board of Editors accept the committee’s requests. and to appoint Roland Fryer, Katherine Ho, and Report of the Committee on the Status of Edward Schlee to initial three-year terms, all Minority Groups in the Economics Profession ending in March 2017, and to appoint Jeffrey Rousseau for Cecilia Rouse .—Rousseau Ely to an initial three-year term starting in reported( on a request for proposal) RFP pre- January 2015 and ending in December 2017. pared by the committee seeking a host( for) the Report of the Editor of the Journal of AEA Summer Program starting in 2016. He Economic Literature Durlauf .—Durlauf noted that the committee had extended the reported that the JEL was (operating) smoothly current contract with the University of New following the transition to his leadership in Mexico one additional year, through summer 2013, and that a number of interesting articles 2015. The RFP for 2016 and forward includes a and 23 book reviews had been commissioned for two-tier program fundamental and advanced , appearance in forthcoming issues. a longer eight or( nine weeks program, and) Report of the Editor of the Journal of anticipates( higher enrollments )perhaps reach- Economic Perspectives Rousseau for David ing a steady state of around 40( . The commit- Autor .—Acting on Autor’s( recommendation, tee authorized the Secretary-Treasurer) to offer it was) VOTED to appoint Gordon Hanson to up to $300,000 as the Association’s contribu- an initial three-year term as Coeditor of the tion to the program, but requested that this be JEP beginning in January 2015 and ending in contingent on locating other external funding, December 2017. probably from a private foundation. It was also Report of the Editor of the American Economic noted that appointing a well-qualified director Journal: Applied Economics Duflo .—Duflo for the program is central to performing fol- announced that the winner (of the) fourth low-up functions such as assisting with place- annual best paper prize for the AEJ: Applied is ments of participants. Pascaline Dupas for “Do Teenagers Respond to 2015 Program Thaler .—Thaler announced HIV Risk Information? Evidence from a Field that he had appointed( a) Program Committee Experiment in Kenya” January 2011 . Acting of 17 economists, and that about 415 complete on Duflo’s recommendation,( it was VOTED) to sessions and 1,350 individual papers had been reappoint Aimee Chin and Alan Sorenson to submitted for the 2015 AEA meetings program. second three-year terms on the Board of Editors The due date for submissions of individual of AEJ: Applied ending in December 2017; papers was April 1, and the due date for com- Gordon Dahl, Gordon Hanson, and Dean Karlan plete sessions was April 15 to provide more time to third and final three-year terms on the Board for prospective program participants to orga- ending in June 2017; and Abhijit Banerjee and VOL. 105 NO. 5 MINUTES OF THE MEETING OF THE EXECUTIVE COMMITTEE 685 Raymond Fisman to third and final three-year schedule if the system is to be implemented for terms on the Board ending in December 2017. the 2014–2015 job market. It was agreed that Report of the Editor of the American Economic the current version of JOE would continue to Journal: Economic Policy Shapiro .— be used as a back-up if necessary. The IT staff Shapiro announced that the winners( of )the would also set up accounts for a set of alpha fourth annual best paper prize for AEJ: Policy testers, including interested members of the are Paul Niehaus and Sandip Sukhtankar for Executive Committee. “Corruption Dynamics: The Golden Goose Report on Session Allocations at ASSA Effect” November 2013 . Acting on Shapiro’s Meetings Nordhaus and Rousseau