Us external adjustment: progress, prognosis, and interpretation / William R. Cline -- A sectoral assessment of the US current account deficit: performance and prospects / Allen J. Lenz -- Comments / Peter Hooper, Robert Z. Lawrence -- Reply / Cline -- Surprises and lessons from Japanese external...

"Offers an analysis of the promise and controversy around teacher pay for performance. Identifies potential strengths and weaknesses of performance-driven compensation policies and addresses key conceptual and implementation issues that have dominated the debate surrounding teacher compensation...

Introduction / John Chubb and Tom Loveless -- Would smaller classes help close the Black-white achievement gap? / Alan B. Krueger and Diane M. Whitmore -- Exploring explanations for ethnic differences in voucher impacts on student test scores / Paul E. Peterson and William G. Howell -- Reducing...