[...]In this article, we demonstrate how such industry-specific realexchange rates can be constructed and present the recent pathsof these indexes. We next present three basic real exchange ratemeasures for each industry: one using export partner weightsonly, a second using import partner...

[...]Although the overall effects of the Asia crisis on the UnitedStates were modest, they could have obscured other, largereffects in particularly vulnerable U.S. industries. Accordingly,this article looks beyond the aggregate data associated with thecrisis and instead focuses on these...

[...]We consider two puzzles about the local safety netand New York City. First, why do big cities, and particularlyNew York, engage in so much more redistribution thansmall towns? The broad question (the connection betweencities and redistribution) is the topic of the companionpaper to this one...