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Subject: Re: New Initiative
I am willing to participate in this initiative and am sending it to the members of my program.
212-817-7959 (phone)
November 5, 2004
Dear Heads of NBER Programs and Working Groups,
We are very excited to send you a proposal to undertake an institutional innovation that may significantly foster empirical research in Economics, the establishment of the Journal of Economic Data. Marty Feldstein has endorsed the idea, and preliminary discussions with a wide range of colleagues indicate that there is widespread support for it. Since the Journal will begin as an NBER initiative, we are asking you both to comment on it now, and to participate in the initiative or name a senior program member to participate.
The enclosed proposal is not final. We would like to elicit your opinion, and have your detailed comments on it. As emphasized in the proposal, the active collaboration of the heads of programs is an essential ingredient for the success of this venture, and hence your input is of fundamental importance. You are welcome to distribute the proposal further, although after receiving your comments and incorporating them in the proposal we envision a second round whereby we will send it to all the NBER family for final comments.
We will appreciate having your responses promptly, as we would like to get started very soon. We look forward to working with you on this initiative, which we believe will benefit empirical economics, the NBER as an institution, and, most importantly, our young colleagues.
Best regards,
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