The Council and the Fellowship of the Econometric Society have both voted in favor of a plan for the Society to publish two open-access journals: Quantitative Economics (QE) and Theoretical Economics (TE). All voting Council members were in favor of the proposal. Among the active Fellows, 277 (66.4% of the total) cast their ballots, with 240 votes (86.6%) in favor, 30 (10.8%) against, and 7 (2.5%) abstentions. An announcement together with a description of the new journals may be found in http://www.econometricsociety.org/news1.asp?ref=81 .
QE will be started from scratch and its first issue is planned for 2010. TE has been published by the Society for Economic Theory (http://econtheory.org/ ), but is to be adopted by the Econometric Society later this year. The first issue in 2010 will be the first one as a Society journal.
This is great news.