Vol. 90, No. 3
Third Quarter 2005

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Buy Foreign While You Can: The Cheap Dollar and Exchange Rate Pass-Through
Eduardo J.J. Ganapolsky and Diego Vilán
This article presents evidence on the degree of exchange rate pass-through (ERPT)—the extent to which U.S. domestic import prices have moved in response to changes in the exchange rate—from December 1993 through December 2004.

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Social Security Private Accounts: A Risky Proposition?
Gerald P. Dwyer Jr.
This article discusses what private accounts can and cannot do for individuals who choose to use them and for future Social Security deficits.

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It's Who You Are and What You Do: Explaining the IT Industry Wage Premium
Jason DeBacker, Julie Hotchkiss, Melinda Pitts, and John Robertson
This article explores the extent to which variations in wages between IT-producing and non-IT industries can be accounted for by differences in wages paid to IT-related occupations.