Now available at the New York Fed's Research site: 
The December 2001 issue of the Economic Policy Review http://www.newyorkfed.org/rmaghome/econ_pol/2001  
Contents: 
"Infrastructure and Social Welfare in Metropolitan America," by Haughwout 
"The Effect of Employee Stock Options on the Evolution of Compensation in the 1990s," by Mehran and Tracy 
"Personal On-Line Payments," by Kuttner and McAndrews 
"The Effect of Interest Rate Options Hedging on Term-Structure Dynamics," by Kambhu and Mosser 
  
"Common Determinants of Bond and Stock Market Liquidity: The Impact of Financial Crises, Monetary Policy, and Mutual Fund Flows," by Chordia, Sarkar, and Subrahmanyam (Staff Report 141) http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr141.html  
"One Reason Countries Pay Their Debts: Renegotiation and International Trade" by Rose (Staff Report 142) http://www.newyorkfed.org/rmaghome/staff_rp/2001/sr142.html  
U.S. and Global Economies Charts, updated every Wednesday http://www.newyorkfed.org/rmaghome/dirchrts/  
Research home page http://www.newyorkfed.org/rmaghome  
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