New This Week Archive

• Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate
  Martin Feldstein and Andrew Samwick #7767 (PE)
  
• What is an Oil Shock?
  James D. Hamilton #7755 (EFG)
  
• Benevolent Colluders? The Effects of Antitrust Action on College Financial Aid and Tuition
  Caroline M. Hoxby #7754 (CH, LS, PE)
  
• Robust-H-infinity Forecasting and Asset Pricing Anomalies
  Aaron Tornell #7753 (AP, IFM)
  
• Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth
  Robert J. Gordon #7752 (EFG, PR)
  
• The Rise and Fall of Foreign Exchange Market Intervention
  Anna J. Schwartz #7751 (IFM, ME)
  
• Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
  Gernot Doppelhofer, Ronald I. Miller, and Xavier Sala-i-Martin #7750 (EFG)
  
• Race and the Value of Owner-Occupied Housing, 1940-1990
  William J. Collins and Robert A. Margo #7749 (DAE)
  
• Cephalon, Inc. Taking Risk Management Theory Seriously
  George Chacko, Peter Tufano, and Geoffrey Verter #7748 (CF)
  
• Robust Covariance Matrix Estimation with Data-Dependent VAR Prewhitening Order
  Wouter J. den Haan and Andrew T. Levin #T0255 (TWP)
  

• How Good a Deal Was the Tobacco Settlement?: Assessing Payments to Massachusetts
  David M. Cutler, Arnold M. Epstein, Richard G. Frank, Raymond Hartman, Charles King III, Joseph P.Newhouse, Meredith B. Rosenthal, Elizabeth Richardson Vigdor #7747 (HC, HE)
  
• Financial Crisis, Health Outcomes and Aging: Mexico in the 1980s and 1990s
  David M. Cutler, Felicia Knaul, Rafael Lozano, Oscar Méndez, and Beatriz Zurita #7746 (HC)
  
• Does Trade Raise Income? Evidence from the Twentieth Century
  Douglas A. Irwin and Marko Terviö #7745 (DAE, ITI)
  
• Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited
  Holger Sieg, V. Kerry Smith, H. Spencer Banzhaf, and Randy Walsh #7744 (PE)
  
• Savings and the Terms of Trade Under Borrowing Constraints
  Pierre-Richard Agénor and Joshua Aizenman #7743 (ITI)
  
• Examining the Incidence of Downsizing and Its Effect on Establishment Performance
  Peter Cappelli #7742 (LS)
  
• Market Value and Patent Citations: A First Look
  Bronwyn H. Hall, Adam Jaffe, and Manuel Trajtenberg #7741 (IO, PR)
  
• Direct Estimation of Policy Impacts
  Hidehiko Ichimura and Christopher Taber #T0254 (TWP)
  
• Conjectural Estimates of Economic Growth in the Lower South, 1720 to 1800
  Peter C. Mancall, Joshua L. Rosenbloom, and Thomas Weiss #H0126 (DAE)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "The Political Business Cycle After 25 Years"
    Allan Drazen
  • "Social Security's Treatment of Postwar Americans: How Bad Can It Get?"
    Jagadeesh Gokhale and Laurence J. Kotlikoff
  • "Distributional Effects in a General Equilibrium Analysis of Social Security"
    Laurence J. Kotlikoff, Kent Smetters, and Jan Walliser
  • "The Impact of Social Security and Other Factors on the Distribution of Wealth"
    Jagadeesh Gokhale and Laurence J. Kotlikoff
  • "Italy: A Never-Ending Pension Reform"
    Daniele Franco

• International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
  Ricardo J. Caballero and Arvind Krishnamurthy #7740 (IFM)
  
• The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
  Andrew B. Abel #7739 (AP, EFG, PE)
  
• Exchange Rate Regimes and Financial-Market Imperfections
  Joshua Aizenman and Ricardo Hausmann #7738 (IFM, ITI)
  
• Language-Skill Complementarity: Returns to Immigrant Language Acquisition
  Eli Berman, Kevin Lang, and Erez Siniver #7737 (LS)
  
• Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
  Assaf Razin, Efraim Sadka, Chi-Wa Yuen #7736 (IFM, PE)
  
• Participation and Investment Decisions in a Retirement Plan: The Influence of Colleagues' Choices
  Esther Duflo and Emmanuel Saez #7735 (A, PE)
  
• Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
  Amartya Lahiri and Carlos A. Végh #7734 (IFM)
  
• An Introduction to School-To-Work Programs in the NLSY97: How Prevalent are They, and Which Youths do They Serve?
  Mary Joyce and David Neumark #7733 (CH, LS)
  
• Gender Differences in Pay
  Francine D. Blau and Lawrence M. Kahn #7732 (LS)
  
• Uncertainty and Labor Contract Durations
  Robert Rich and Joseph Tracy #7731 (LS)
  
• Changes in Managerial Pay Structures 1986-1992 and Rising Returns to Skill
  K.C. O'Shaughnessy, David I. Levine, and Peter Cappelli #7730 (LS)
  
• Last Minute Bidding and the Rules for Ending Second-Price Auctions: Theory and Evidence from a Natural Experiment on the Internet
  Alvin E. Roth and Axel Ockenfels #7729 (IO)
  
• The Economic Approach to Social Capital
  Edward L. Glaeser, David Laibson, and Bruce Sacerdote #7728 (LE, LS)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?"
    Allen N. Berger, Margaret K. Kyle and Joseph M. Scalise
  • "The Political Business Cycle after 25 Years"
    Allan Drazen
  • "Social Security and Inequality over the Life Cycle"
    Angus Deaton, Pierre-Olivier Gourinchas and Christina Paxson
  • "Medical Care Output and Productivity in the Nonprofit Sector"
    Tomas Philipson and Darius Lakdawalla
  • "Capital Gains Tax Realizations and Tax Rates: New Evidence From Time Series"
    Matthew Eichner and Todd Sinai
  • "Tax Externalities of Equity Mutual Funds"
    Joel M. Dickson, John B. Shoven and Clemens Sialm
  • "Efficiency Effects on the U.S. Economy from Wireless Taxation"
    Jerry Hausman
  • "Explaining the Fall and Rise in the Tax Cost of Marriage: The Effect of Tax Laws and Demographic Trends, 1984-1997"
    Nada Eissa and Hilary Williamson Hoynes
  • "Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance"
    Susan Dynarski
  • "Estate Taxes and Charitable Bequests by the Wealthy"
    David Joulfaian
  • "Federal Medicare Transfers Across States: A Lifetime Perspective"
    Daniel Feenberg and Jonathan Skinner
  • "The Distribution of Payroll and Income Tax Burdens, 1979-1999"
    Andrew Mitrusi and James Poterba

• Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital
  Nathaniel O. Keohane, Benjamin Van Roy, and Richard J. Zeckhauser #7727 (PE)
  
• The Structure and Conduct of Corporate Lobbying: How Firms Lobby the Federal Communications Commission
  John M. de Figueiredo and Emerson H. Tiller #7726 (LE)
  
• Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan
  Bennett T. McCallum #7725 (EFG, ME)
  
• The International Monetary Fund: Its Present Role in Historical Perspective
  Michael D. Bordo and Harold James #7724 (DAE, IFM)
  

• Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?
  Paul M. Romer #7723 (LS, PR)
  
• Debt Restructuring
  Benjamin M. Friedman #7722 (IFM)
  
• The Old and the New in U.S. Economic Expansion of the 1990s
  Victor Zarnowitz #7721 (EFG)
  
• Institutions, Restructuring, and Macroeconomic Performance
  Ricardo J. Caballero and Mohamad L. Hammour #7720 (EFG)
  
• Evaluating School-To-Work Programs Using the New NLSY
  David Neumark and Mary Joyce #7719 (CH, LS, PE)
  
• Who is Selling the Ivory Tower? Sources of Growth in University Licensing
  Jerry G. Thursby and Marie G. Thursby #7718 (PR)
  
• Creating Markets for New Vaccines Part II: Design Issues
  Michael Kremer #7717 (HE, PE)
  
• Creating Markets for New Vaccines Part I: Rationale
  Michael Kremer #7716 (HE, PE)
  
• Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
  Charles W. Calomiris and Andrew Powell #7715 (IFM, ME)
  
• Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina
  Linda Goldberg, B. Gerard Dages, and Daniel Kinney #7714 (IFM)
  
• Explaining the Rise in Youth Suicide
  David M. Cutler, Edward L. Glaeser, and Karen E. Norberg #7713 (CH, HE)
  
• The Strategic Positioning of Store Brands in Retailer - Manufacturer Bargaining
  Fiona Scott Morton and Florian Zettelmeyer #7712 (IO)
  
• Reexamining the Empirical Evidence for an Environmental Kuznets Curve
  William Harbaugh, Arik Levinson, and David Wilson #7711 (PE)
  
• A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
  C. Lanier Benkard #7710 (PR)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?"
    Allen N. Berger, Margaret K. Kyle and Joseph M. Scalise
  • "Medical Care in the CPI"
    Ina Kay Ford and Daniel H. Ginsburg
  • "The United Kingdom: Examining the Switch from Low Public Pensions to High-Cost Private Pensions"
    David Blake
  • "Explaining the Fall and Rise in the Tax Cost of Marriage: The Effect of Tax Laws and Demographic Trends, 1984-1997"
    Nada Eissa and Hilary Williamson Hoynes

• Time Limits and Welfare Use
  Jeff Grogger #7709 (CH, LS, PE)
  
• Optimal Income Transfer Programs: Intensive Versus Extensive Labor Supply Responses
  Emmanuel Saez #7708 (PE)
  
• The Distribution of Payroll and Income Tax Burdens, 1979-1999
  Andrew Mitrusi and James Poterba #7707 (PE)
  
• In Search of New Foundations
  Luigi Zingales #7706 (CF)
  
• Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms
  Jeremy C. Stein #7705 (CF)
  
• The Pace of Progress at Superfund Sites: Policy Goals and Interest Group Influence
  Hilary Sigman #7704 (PE)
  
• Marijuana and Youth
  Rosalie Liccardo Pacula, Michael Grossman, Frank J. Chaloupka, Patrick M. O'Malley Lloyd D. Johnston, and Matthew C. Farrelly #7703 (CH, HE)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Rethinking Multiple Equilibria in Macroeconomic Modelling"
    Stephen Morris and Hyun Song Shin
  • "Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999"
    Charles W. Calomiris and Andrew Powell
  • "Poland: Security Through Diversity"
    Jerzy Hausner
  • "The Future of the German Pension System: Stabilization of Contributions by a Mandatory Savings Plan"
    Bert Rürup
  • "Environment and Persistence in Youthful Drinking Patterns"
    Philip J. Cook and Michael J. Moore
  • "Pensions and Contemporary Socioeconomic Change"
    Assar Lindbeck
  • "Creating Markets for New Vaccines, Part I: Rationale"
    and
    "Creating Markets for New Vaccines, Part II: Design Issues"
    Michael Kremer
  • "Publicly Funded Science and the Productivity of the Pharmaceutical Industry"
    Iain M. Cockburn and Rebecca M. Henderson
  • "Swedish Pension Reform - How Did It Evolve and What Does It Mean for the Future?"
    Edward Palmer
  • "Prefunding in a Defined Benefit Pension System - The Finnish Case"
    Jukka Lassila and Tarmo Valkonen

• Trade Implies Law: The Power of the Weak
  James E. Anderson and Leslie Young #7702 (ITI)
  
• Measuring Real Economic Effects of Bailouts: Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts
  Michael D. Bordo and Anna J. Schwartz #7701 (DAE, IFM)
  
• Foreign Direct Investments in Services and the Domestic Market for Expertise
  James Markusen, Thomas F. Rutherford, and David Tarr #7700 (ITI)
  
• Estimation Risk, Market Efficiency, and the Predictability of Returns
  Jonathan Lewellen and Jay Shanken #7699 (AP)
  
• Merit Motives and Government Intervention: Public Finance in Reverse
  Casey B. Mulligan and Tomas J. Philipson #7698 (A, HC, PE)
  
• The Changing Structure of Wages in the US and Germany: What Explains the Differences?
  Paul Beaudry and David Green #7697 (LS)
  
• State-Owned Enterprises, Shirking and Trade Liberalization
  Madanmohan Ghosh and John Whalley #7696 (ITI)
  
• Quantifying Quality Growth
  Mark Bils and Peter J. Klenow #7695 (EFG)
  
• Credit Constraints in the Market for Consumer Durables: Evidence from Micro Data on Car Loans
  Orazio P. Attanasio, Pinelopi K. Goldberg, and Ekaterini Kyriazidou #7694 (EFG)
  
• FDI in the Restructuring of the Japanese Economy
  Magnus Blomström, Denise Konan, and Robert E. Lipsey #7693 (ITI)
  
• The Impact of Maternal Alcohol and Illicit Drug Use on Children's Behavior Problems: Evidence from the Children of the National Longitudinal Survey of Youth
  Pinka Chatterji and Sara Markowitz #7692 (HE)
  
• Mothers and Others: Who Invests in Children's Health?
  Anne Case and Christina Paxson #7691 (CH, HC)
  
• Building and Delivering the Virtual World: Commercializing Services for Internet Access
  Shane Greenstein #7690 (IO, PR)
  
• Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boon? Did It Matter to Bank Lending?
  Allen N. Berger, Margaret K. Kyle, and Joseph M. Scalise #7689 (ME)
  
• Plants and Productivity in International Trade
  Andrew B. Bernard, Jonathan Eaton, J. Bradford Jenson, and Samuel Kortum #7688 (IO, ITI, PR)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Rethinking Multiple Equilibria in Macroeconomic Modelling"
    Stephen Morris and Hyun Song Shin
  • "Marijuana and Youth"
    Rosalie Liccardo Pacula, Michael Grossman, Frank J. Chaloupka, Patrick M. O'Malley, Lloyd D. Johnston and Matthew C. Farrelly
  • "Effects of Competition under Prospective Payment on Hospital Costs among High and Low Cost Admissions: Evidence from California, 1983-1993"
    Jeanette Chung and David Meltzer
  • "Efficiency and Monopoly as Explanations for Hospital Mergers"
    Jason R. Barro
  • Introduction to Topics in Empirical International Economics: A Festschrift in Honor of Robert E. Lipsey
    edited by Magnus Blomstrom and Linda Goldberg
  • "U.S. Trade and Other Policy Options and Programs to Deter Foreign Exploitation of Child Labor"
    Drusilla K. Brown, Alan V. Deardorff and Robert M. Stern
  • "Multinational Firms: Reconciling Theory and Evidence"
    James Markusen and Keith Maskus
  • "Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?"
    Paul M. Romer

• Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices
  Joseph Chen, Harrison Hong, and Jeremy Stein #7687 (AP, CF)
  
• Youths at Nutritional Risk: Malnourished or Misnourished?
  Jay Bhattacharya and Janet Currie #7686 (CH)
  
• Does Distance Still Matter? The Information Revolution in Small Business Lending
  Mitchell A. Petersen and Raghuram G. Rajan #7685 (CF)
  
• The Information Technology Revolution and the Stock Market: Evidence
  Bart Hobijn and Boyan Jovanovic #7684 (AP, PR)
  
• Selling Company Shares to Reluctant Employees: France Télécom's Experience
  François Degeorge, Dirk Jenter, Alberto Moel, and Peter Tufano #7683 (CF)
  
• The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
  Brigitte C. Madrian and Dennis F. Shea #7682 (A, PE)
  
• Price Level Convergence Among United States Cities: Lessons for the European Central Bank
  Stephen G. Cecchetti, Nelson C. Mark, and Robert J. Sonora #7681 (ME)
  
• Estimating Euler Equations
  Orazio P. Attanasio and Hamish Low #T0253 (TWP)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Navigating the Patent Thicket: Cross Licenses, Patent Pools, and Standard-Setting"
    Carl Shapiro
  • "Does Market Competition Change the Nonprofit Mission? Managed Care and the Managerial Labor Market in Nonprofit Hospitals,"
    Richard Arnould, Marianne Bertrand, and Kevin Hallock
  • "Managed Care, Technology Adoption, and Health Care: The Adoption of Neonatal Intensive Care,"
    Laurence Baker and Ciaran Phibbs
  • "Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?"
    Allen N. Berger, Margaret K. Kyle, and Joseph M. Scalise

• Can Monopoly Unionism Explain Publicly Induced Retirement?
  Casey B. Mulligan #7680 (A, EFG, LS, PE)
  
• Induced Retirement, Social Security, and the Pyramid Mirage
  Casey B. Mulligan #7679 (A, PE)
  
• Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility
  Song Han and Casey B. Mulligan #7678 (LS)
  
• Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
  Bennett T. McCallum #7677 (EFG, ME)
  
• The Determinants of Punishment: Deterrence, Incapacitation and Vengeance
  Edward L. Glaeser and Bruce Sacerdote #7676 (LS, PE)
  
• The Cost Channel of Monetary Transmission
  Marvin J. Barth III and Valerie A. Ramey #7675 (EFG, ME)
  
• Demand Side Considerations and the Trade and Wages Debate
  Lisandro Abrego and John Whalley #7674 (ITI)
  
• The Demand for Medical Care in Urban China
  H. Naci Mocan, Erdal Tekin, and Jeffrey S. Zax #7673 (HE)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "How Large are Human Capital Externalities? Evidence from Compulsory Schooling Laws"
    Daron Acemoglu and Joshua Angrist
  • "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
    Maurice Obstfeld and Kenneth Rogoff
  • "Rethinking Multiple Equilibria in Macroeconomic Modelling"
    Stephen Morris and Hyun Song Shin
  • "Creating Markets for New Vaccines, Part I: Rationale; Part II: Design Issues"
    Michael Kremer
  • "Trade Policy and Economic Growth: A Skeptic's Guide to the Cross-National Evidence"
    Francisco Rodriguez and Dani Rodrik
  • "Commercialization of the Internet: The Interaction of Public Policy and Private Choices, or Why Introducing the Market Worked So Well"
    Shane Greenstein

• The Timing of Purchases and Aggregate Fluctuations
  John V. Leahy and Joseph Zeira #7672 (EFG, ME)
  
• Information and Globalization: Wage Co-Movements, Labor Demand Elasticity, and Conventional Trade Liberalization
  James E. Rauch and Vitor Trindade #7671 (ITI, LS)
  
• Games Daughters and Parents Play: Teenage Childbearing, Parental Reputation, and Strategic Transfers
  Lingxin Hao, V. Joseph Hotz, and Ginger Zhe Jin #7670 (CH)
  
• Tax Externalities of Equity Mutual Funds
  Joel M. Dickson, John b. Shoven, and Clemens Sialm #7669 (A, PE)
  
• Understanding the Fiscal Theory of the Price Level
  Lawrence J. Christiano and Terry J. Fitzgerald #7668 (EFG)
  
• Medicaid Expansions and Welfare Contractions: Offsetting Effects on Prenatal Care and Infant Health?
  Janet Currie and Jeffrey Grogger #7667 (CH, HE)
  
• Parental Employment and Child Cognitive Development
  Christopher J. Ruhm #7666 (CH, HC, HE)
  
• Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
  Michael B. Devereux and Charles Engel #7665 (IFM)
  
• The Transition Economies After Ten Years
  Stanley Fischer and Ratna Sahay #7664 (EFG, IFM)
  
• Estate Taxes and Charitable Bequests by the Wealthy
  David Joulfaian #7663 (PE)
  
• Evaluating the Specification Errors of Asset Pricing Models
  Robert J. Hodrick and Xiaoyan Zhang #7661 (AP)
  
• Local Instrumental Variables
  James J. Heckman ad Edward J. Vytlacil #T0252 (TWP)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Sterilization and the Capital Inflow Problem in East Asia, 1987-97"
    Shinji Takagi and Taro Esaka
  • "The Taxation of Executive Compensation"
    Brian J. Hall and Jeffrey B. Liebman
  • "How were Capital Inflows Stimulated under the Dollar Peg System?"
    Eiji Ogawa and Lijian Sun

• The Significance of Federal Taxes as Automatic Stabilizers
  Alan J. Auerbach and Daniel Feenberg #7662 (EFG, PE)
  
• Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts
  Steven N. Kaplan and Per Strömberg #7660 (CF)
  
• Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints
  Steven N. Kaplan and Luigi Zingales #7659 (CF)
  
• Dropout and Enrollment Trends in the Post-War Period: What Went Wrong in the 1970s?
  David Card and Thomas Lemieux #7658 (CH, LS)
  
• Free Trade and Global Warming: A Trade Theory View of the Kyoto Protocol
  Brian R. Copeland and M. Scott Taylor #7657 (ITI, PE)
  
• The Effect of Attending a Small Class in the Early Grades on College-Test Taking and Middle School Test Results: Evidence from Project STAR
  Alan Krueger and Diane Whitmore #7656 (CH, LS)
  
• Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis
  David Card and Thomas Lemieux #7655 (CH, LS)
  

• Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies: What Does it Cost?
  A. Lans Bovenberg and Lawrence H. Goulder #7654 (PE)
  
• The Bail-In Problem: Systematic Goals, Ad Hoc Means
  Barry Eichengreen and Christof Rühl #7653 (IFM)
  
• Aggregate Price Shocks and Financial Instability: An Historical Analysis
  Michael D. Bordo, Michael J. Dueker, and David C. Wheelock #7652 (DAE)
  
• Social Security Incentives for Retirement
  Courtney Coile and Jonathan Gruber #7651 (PE)
  
• American Living Standards, 1888-1994: Evidence From Consumer Expenditures
  Dora L. Costa #7650 (A, DAE)
  
• Horizontal Equity: New Measures, Unclear Principles
  Louis Kaplow #7649 (PE)
  
• Aggregate Price Shocks and Financial Instability: An Historical Analysis
  Michael D. Bordo, Michael J. Dueker, and David C. Wheelock #H0125 (DAE)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Home Country Effects of FDI: Foreign Production and Structural Change in Home Country Operations"
    Gunnar Fors and Ari Kokko
  • "Currency Crisis of Korea: Internal Weakness or External Interdependence?"
    Dongchul Cho and Kiseok Hong
  • "Environment and Persistence in Youthful Drinking Patterns"
    Philip J. Cook and Michael J. Moore
  • "Social Benefits and Losses from FDI: Two Non-traditional Views"
    Assaf Razin, Efraim Sadka and Chi-Wa Yuen
  • "Social Security Incentives for Retirement"
    Courtney Coile and Jonathan Gruber

• Behavioral and Distributional Effects of Environmental Policy Introduction
  Carlo Carraro and Gilbert E. Metcalf #7648 (PE)
  
• What Have We Learned from the Reagan Deficits and Their Disappearance?
  Benjamin M. Friedman #7647 (EFG, ME)
  
• Economic Reforms and Labor Markets: Policy Issues and Lessons from Chile
  Sebastian Edwards and Alejandra Cox Edwards #7646 (LS, PE)
  
• Controls on Capital Inflows: Do they Work?
  José De Gregorio, Sebastian Edwards and Rodrigo O. Valdés #7645 (IFM)
  
• Capital Gains Taxes and Stock Reactions to Quarterly Earnings Announcements
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford #7644 (PE)
  
• Universities as Research Partners
  Bronwyn H. Hall, Albert N. Link, and John T. Scott #7643 (PR)
  
• Trade and the Rate of Income Convergence
  Dan Ben-David and Ayal Kimhi #7642 (ITI)
  
• Ohlin Versus Stolper-Samuelson?
  Douglas A. Irwin #7641 (DAE, ITI)
  
• Could the U.S. Iron Industry Have Survived Free Trade After the Civil War?
  Douglas A. Irwin #7640 (DAE, ITI)
  
• Tariffs and Growth in Late Nineteenth Century America
  Douglas A. Irwin #7639 (DAE, ITI)
  
• How Did the United States Become a Net Exporter of Manufactured Goods?
  Douglas A. Irwin #7638 (DAE, ITI)
  
• Why Do Temporary Help Firms Provide Free General Skills Training?
  David H. Autor #7637 (LS)
  
• Why Do the Poor Live in Cities?
  Edward L. Glaeser, Matthew E. Kahn, and Jordan Rappaport #7636 (LS, PE)
  
• Foreign-Born Teaching Assistants and the Academic Performance of Undergraduates
  George J. Borjas #7635 (LS)
  
• Contractibility and Asset Ownership: On-Board Computers and Governance in U.S. Trucking
  George P. Baker and Thomas N. Hubbard #7634 (CF, IO)
  
• Growth and Business Cycles
  Larry E. Jones, Rodolfo E. Manuelli, and Henry E. Siu #7633 (EFG)
  
• When Did Globalization Begin?
  Kevin H. O'Rourke and Jeffrey G. Williamson #7632 (DAE, ITI)
  
• The Meaning of Patent Citations: Report on the NBER/Case-Western Reserve Survey of Patentees
  Adam B. Jaffe, Manuel Trajtenberg, and Michael S. Fogarty #7631 (PR)
  
• How Long Did It Take the United States to Become an Optimal Currency Area?
  Hugh Rockoff #H0124 (DAE, IFM)
  
• Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory
  Andrew W. Lo and Jiang Wang #7625 (AP)
  

  ---

• The following are new or updated chapters for forthcoming books:
  • "Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements"
    Mark Carey
  • "Fundamental Determinants of the Asian Crisis: The Role of Financial Fragility and External Imbalances"
    Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini
  • "Household Portfolio Allocation Over the Life Cycle"
    James Poterba and Andrew Samwick
  • "Credibility of Hong Kong's Currency Board: The Role of Institutional Arrangements"
    Yum K. Kwan, Francis T. Lui and Leonard K. Cheng
  • "The Impacts of Bank Loans on Economic Development: An Implication for East Asia from an Equilibrium Contract Theory"
    Shin-ichi Fukuda

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