From the Editor

David M. Walker: Facing Facts about America’s True Financial Condition and Fiscal Outlook

Michael R. Rosenberg: Does Exchange-Rate Management Have a Role in the U.S. Macro-Policy Tool Kit?

Catherine L. Mann: Managing Exchange Rates: Achievement of Global Re-balancing or Evidence of Global Co-Dependency?

Kristin Forbes: U.S. Manufacturing: Challenges and Recommendations

Harry Shuford: Understanding Cycles and Shocks in the Property and Casualty Insurance Industry

Hugh Schwartz: The Economic Analysis Underlying Corporate Decision Making

Edward D. Hester and Andrew C. Gross: The Global Marketplace for Turbines

Bernard F. Pettingill: Providing Economic Consulting Services to Health Professionals

Thomas Lam: Comment on "Corporate Bond Yield Spreads in Recent Decades"
Reply by Douglas J. Lambdin

Book Reviews