New directors elected by NBER board.

At its annual meeting in September, the NBER's Board of Directors elected five new directors. The newest at-large NBER Board member is Jessica P. Einhorn. She is Dean of the Paul H. Nitze School of Advanced international Studies at Johns Hopkins University'.

Richard B. Berner, Managing Director and Chief U.S. Economist for Morgan Stanley Global Economic Research, replaces Richard D. Rippe as the representative of the National Association for Business Economics. Professor Ray C. Fair replaces William Brainard as Yale University's representative on the NBER's Board of Directors. Thea Lee, Assistant Director of Public Policy for the AFL-CIO (American Federation of Labor and Congress of Industrial Organizations), will replace David Smith as the representative from the AFL-CIO. Jeffrey M. Perloff, a member of the Department of Agricultural and Research Economics at the University of California, Berkeley, will replace Mark Drabenstott as the NBER's representative from the American Agricultural Economics Association.

These new Board members will be profiled in future issues of the NBER Reporter.