Papers Issued in 1986
- w2088 December 1986 A Constant Recontracting Model of Sovereign Debt
Jeremy I. Bulow and Kenneth Rogoff
- w2089 December 1986 Employee Response to Compulsory Short-Time Work
Victor R. Fuchs and Joyce P. Jacobsen
- w2090 December 1986 Comparable Worth in a General Equilibrium Model of the U.S. Economy
Perry C. Beider, B. Douglas Bernheim, Victor R. Fuchs, and John B. Shoven
- w2103 December 1986 Tax Reform and Adjustment Costs: The Impact on Investment and Market Value
Alan J. Auerbach
- w2102 December 1986 A Standard Monetary Model and the Variability of the Deutschemark-DollarExchange Rate
Kenneth D. West
- w2099 December 1986 The Record and Improvability of Economic Forecasting
Victor Zarnowitz
- w2100 December 1986 The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors
John Y. Campbell and Robert J. Shiller
- w2101 December 1986 Did Henry Ford Pay Efficiency Wages?
Daniel M.G. Raff and Lawrence H. Summers
- w2098 December 1986 Real Estate and the Tax Reform Act of 1986
Patric H. Hendershott, James R. Follain, and David C. Ling
- w2097 December 1986 Assessing Dynamic Efficiency: Theory and Evidence
Andrew B. Abel, N. Gregory Mankiw, Lawrence H. Summers, and Richard J. Zeckhauser
- w2095 December 1986 Forecasting the Depression: Harvard Versus Yale
Ray C. Fair, Matthew D. Shapiro, and Kathryn M. Dominguez
- w2096 December 1986 Amnesty, Enforcement and Tax Policy
Herman B. Leonard and Richard J. Zeckhauser
- w2094 December 1986 Tax Policy and Stock Prices
Thomas Downs and Patric H. Hendershott
- w2093 December 1986 Imperfect Information, Credit Markets and Unemployment
Bruce C. Greenwald and Joseph E. Stiglitz
- w2092 December 1986 Firm Size and Foreign Direct Investment
Magnus Blomstrom and Robert E. Lipsey
- w2091 December 1986 New Developments in Corporate Finance and Tax Avoidance: Some Evidence
John B. Shoven
- w2112 December 1986 Sources of Output and Price Variability in a Macroeconometric Model
Ray C. Fair
- w2107 December 1986 Regional Effects of Taxes in Canada: An Applied General Equilibrium Approach
Rich Jones and John Whalley
- w2108 December 1986 Unions and Job Security in the Public Sector
Steven G. Allen
- w2109 December 1986 Real Business Cycles and the Lucas Paradigm
Richard T. Froyen and Roger N. Waud
- w2105 December 1986 Interest Rate and Exchange Rate Determination
Ray C. Fair
- w2106 December 1986 International Evidence on the Demand for Money
Ray C. Fair
- w2104 December 1986 Married Women's Retirement Behavior
Silvana Pozzebon and Olivia S. Mitchell
- w2115 December 1986 Market Structure and Cyclical Fluctuations in U.S. Manufacturing
Ian Domowitz, R. Glenn Hubbard, and Bruce C. Petersen
- w2114 December 1986 A Note on Optimal Public Enforcement with Settlements and Litigation Costs
A. Mitchell Polinsky and Daniel L. Rubinfeld
- w2113 December 1986 A Guide to Target Zones
Jacob A. Frenkel and Morris Goldstein
- w2110 December 1986 Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries
Sebastian Edwards
- w2111 December 1986 The Other Side of the Trade Imbalance: What Will Japan Do?
Ryuzo Sato and John A. Rizzo
- w2069 December 1986 Individual Taxpayer Response to Tax Cuts 1982-1984 with Implications forthe Revenue Maximizing Tax Rate
Lawrence B. Lindsey
- w2086 December 1986 Is Everything Neutral?
B. Douglas Bernheim and Kyle Bagwell
- w2087 December 1986 Does the Estate Tax Raise Revenue?
B. Douglas Bernheim
- r0792 December 1986 Floating Exchange Rates: Experience and Prospects
Maurice Obstfeld
- w2066 November 1986 Forecasting Recessions Under the Gramm-Rudman-Hollings Law
Victor Zarnowitz and Geoffrey H. Moore
- w2067 November 1986 A Specification Test for Speculative Bubbles
Kenneth D. West
- w2065 November 1986 Fiscal Policies and Real Exchange Rates in the World Economy
Jacob A. Frenkel and Assaf Razin
- w2063 November 1986 Trends and Deviations in Federal, State and Local Finance
Jeffrey S. Zax
- w2064 November 1986 The Economic Consequences of the Franc Poincare
Barry Eichengreen and Charles Wyplosz
- w2062 November 1986 The Effects of Fiscal Policies When Incomes are Uncertain: A Contradiction to Ricardian Equivalence
Martin Feldstein
- w2068 November 1986 Laws as Assets: A Possible Solution to the Time Consistency Problem
Laurence J. Kotlikoff, Torsten Persson, and Lars E.O. Svensson
- w2079 November 1986 Why did the Bank of Canada Emerge in 1935?
Michael D. Bordo and Angela Redish
- w2075 November 1986 How Integrated are World Capital Markets? Some New Tests
Maurice Obstfeld
- w2074 November 1986 The Global Velocity Curve 1952-1982
Michael D. Bordo and Lars Jonung
- w2073 November 1986 The Bolivian Hyperinflation and Stabilization
Jeffrey Sachs
- w2072 November 1986 Increasing Indebtedness and Financial Stability in the United States
Benjamin M. Friedman
- w2071 November 1986 Exchange Rate Economics: 1986
Rudiger Dornbusch
- w2070 November 1986 Productivity, Wages, and Prices Inside and Outside of Manufacturing in the U.S., Japan, and Europe
Robert J. Gordon
- w2081 November 1986 The Export Performance of Swedish and U.S. Multinationals
Magnus Blomstrom and Robert E. Lipsey
- w2080 November 1986 Deficits with Distortionary Taxes: International Dimensions
Jacob A. Frenkel and Assaf Razin
- w2076 November 1986 International Debt Service and Economic Growth: Some Simple Analytics
Martin Feldstein
- w2077 November 1986 International Finance
Maurice Obstfeld
- w2078 November 1986 Contractionary Devaluation, and Dynamic Adjustment of Exports and Wages
Felipe Larrain and Jeffrey Sachs
- w2083 November 1986 The Value of Patents as Indicators of Inventive Activity
Zvi Griliches, Ariel Pakes, and Bronwyn H. Hall
- w2082 November 1986 Tobin's Q and Financial Policy
Robert S. Chirinko
- w2084 November 1986 Optimal Monetary Growth with Accomodating Fiscal Policy in a Small Open Economy
Stephen J. Turnovsky
- w2085 November 1986 Growing in Debt: The 'Farm Crisis' and Public Policy
Charles W. Calomiris, R. Glenn Hubbard, and James H. Stock
- w2033 October 1986 Investment, Tobin's Q, and Multiple Capital Inputs
Robert S. Chirinko
- w2037 October 1986 Wages, Employment, Training and Job Attachment in Low Wage Labor Marketsfor Women
Alan L. Gustman and Thomas L. Steinmeier
- w2034 October 1986 Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment
Olivier J. Blanchard and Lawrence H. Summers
- w2040 October 1986 The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
Joseph Gyourko and Joseph S. Tracy
- t0061 October 1986 Granger-Causality and Policy Ineffectiveness: A Rejoinder
Willem H. Buiter
- w2039 October 1986 Seniority Rules and the Gains from Union Organization
Joseph S. Tracy
- w2038 October 1986 International Oligopoly and Asymmetric Labour Market Institutions
James A. Brander and Barbara J. Spencer
- w2035 October 1986 Hysteresis in Unemployment
Olivier J. Blanchard and Lawrence H. Summers
- w2036 October 1986 Pensions, Unions and Implicit Contracts
Alan L. Gustman and Thomas L. Steinmeier
- w2042 October 1986 Optimal Monetary Policy and Wage Indexation Under Alternative Disturbances and Information Structures
Stephen J. Turnovsky
- w2041 October 1986 Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-technical Eclectic Introduction
Willem H. Buiter
- w2047 October 1986 Why Don't the Prices of Stocks and Bonds Move Together?
Robert B. Barsky
- w2046 October 1986 Capital Accumulation and Annuities in an Adverse Selection Economy
Martin S. Eichenbaum and Dan S. Peled
- w2045 October 1986 Alternative Liberalization Strategies
Robert E. Baldwin
- w2044 October 1986 Empirical Structural Evidence on Wages, Prices and Employment in the US
Olivier J. Blanchard
- w2043 October 1986 International Capital Mobility in Developing Countries vs. Industrial Countries: What do Saving-Investment Correlations Tell Us?
Jeffrey A. Frankel, Michael P. Dooley, and Donald Mathieson
- w2049 October 1986 Location Decisions of the New Immigrants to the United States
Ann P. Bartel
- w2048 October 1986 The Intra-Daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement
Takatoshi Ito
- w2056 October 1986 The Demand for Workers and Hours and the Effects of Job Security Policies: Theory and Evidence
Daniel S. Hamermesh
- w2055 October 1986 Management Ownership and Corporate Performance: An Empirical Analysis
Randall Morck, Andrei Shleifer, and Robert W. Vishny
- w2053 October 1986 Is Debt Neutral in the Life Cycle Model?
Laurence J. Kotlikoff
- w2054 October 1986 A Test of International CAPM
Charles Engel and Anthony P. Rodrigues
- w2059 October 1986 International Macroeconomic Policy Coordination When Policy-Makers Disagree on the Model
Jeffrey A. Frankel and Katharine Rockett
- w2050 October 1986 Investment and Sales: Some Empirical Evidence
Andrew B. Abel and Olivier J. Blanchard
- w2052 October 1986 New Evidence on the Effects of Exchange Rate Intervention
Martin Feldstein
- w2051 October 1986 The Competitiveness and Comparative Advantage of U.S. Multinationals, 1957-1983
Robert E. Lipsey and Irving B. Kravis
- w2061 October 1986 Debt Problems and Macroeconomic Policies
Lawrence H. Summers
- w2057 October 1986 Business Cycles and Oligopoly Supergames: Some Empirical Evidence on Prices and Margins
Ian Domowitz, R. Glenn Hubbard, and Bruce C. Petersen
- w2058 October 1986 Structural Change and Patterns of International Trade
Robert E. Baldwin
- w2060 October 1986 Optimal Labor Contracts, Imperfect Competition and Underemployment Equilibria: A Framework for Analysis
Russell Cooper
- r0774 October 1986 Investment, Output, adn the Cost of Capital
Matthew D. Shapiro
- r0777 October 1986 The Term Structure of Interest Rates Revisited
N. Gregory Mankiw
- t0060 September 1986 Temporal Aggregation and Structural Inference in Macroeconomics
Lawrence J. Christiano and Martin S. Eichenbaum
- w2021 September 1986 The Youth Labor Market in the 80s: Determinants of Re-Employment Probabilities for Young Men and Women
Lisa M. Lynch
- w2022 September 1986 Price Inertia and Inflation: Evidence and Theoretical Rationale
M. Ishaq Nadiri
- w2025 September 1986 Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device?
George A. Akerlof and Lawrence F. Katz
- w2027 September 1986 Death, Population Growth, Productivity Growth and Debt Neutrality
Willem H. Buiter
- w2026 September 1986 How Important is Welfare Dependence?
Rebecca M. Blank
- w2023 September 1986 Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy
Willem H. Buiter
- w2024 September 1986 Comparing the Performance of Alternative Exchange Arrangements
Warwick J. McKibbin and Jeffrey D. Sachs
- w2028 September 1986 Immigrants, Minorities, and Labor Market Competition
George J. Borjas
- w2031 September 1986 Country Risk and Incentives Schemes
Joshua Aizenman
- w2032 September 1986 Consumption and Government-Budget Finance in a High-Deficit Economy
Leonardo Leiderman and Assaf Razin
- w2029 September 1986 Dividend and Share Changes: Is There a Financing Hierarchy?
Robert L. McDonald and Naomi Soderstrom
- w2030 September 1986 The Impact of Medicare's Prospective Payment System on Psychiatric Patients Treated in Scatterbeds
Richard G. Frank, Judith R. Lave, Carl A. Taube, Agnes Rupp, and Howard H. Goldman
- w2012 September 1986 Testing the Response of Consumption to Income Changes with (Noisy) PanelData
Joseph G. Altonji and Aloysius Siow
- w2013 September 1986 Permanent Homelessness in America?
Richard B. Freeman and Brian Hall
- w2015 September 1986 Agency Costs, Collateral, and Business Fluctuations
Ben S. Bernanke and Mark Gertler
- w2014 September 1986 Interindustry Wage Differences and Industry Characteristics
William T. Dickens and Lawrence F. Katz
- w2020 September 1986 Tax Structure and Public Sector Growth
Daniel R. Feenberg and Harvey S. Rosen
- w2019 September 1986 Can Union Labor Ever Cost Less?
Steven G. Allen
- w2018 September 1986 Optimal Monetary Policy in an Open Economy
Peter J. Stemp and Stephen J. Turnovsky
- w2016 September 1986 Two-Person Dynamic Equilibrium: Trading in the Capital Market
Bernard Dumas
- w2017 September 1986 Persistent Trade Effects of Large Exchage Rate Shocks
Richard Baldwin and Paul R. Krugman
- r0760 September 1986 Flexible Exchange Rates and Excess Capital Mobility
Rudiger Dornbusch
- r0768 September 1986 Special Exchange Rates for Capital Account Transactions
Rudiger Dornbusch
- r0764 September 1986 Prices, Activity, and Machinery Exports: An Analysis Based on New PriceData
Dennis M. Bushe, Irving B. Kravis, and Robert E. Lipsey
- r0755 September 1986 The Deductibility of State and Local Taxes: Impact Effects by State and Income Class
Daniel R. Feenberg and Harvey S. Rosen
- w1991 August 1986 Consumer Spending and the After-Tax Real Interest Rate
N. Gregory Mankiw
- w1993 August 1986 The Cash Flow Corporate Income Tax
Mervyn A. King
- w1992 August 1986 Measuring the Efficiency Cost of Taxing Risky Capital Income
Roger H. Gordon and John D. Wilson
- w1995 August 1986 Supply-Side Macroeconomics
John F. Helliwell
- w1994 August 1986 Taxation of Asset Income in the Presence of a World Securites Market
Roger H. Gordon and Hal R. Varian
- w1996 August 1986 The Empirical Analysis of Tax Reforms
Mervyn A. King
- w1997 August 1986 The Ins and Outs of Unemployment: The Ins Win
Michael R. Darby, John C. Haltiwanger, and Mark W. Plant
- w2006 August 1986 Inflationary Consequences of Anticipated Macroeconomic Policies
Allan Drazen and Elhanan Helpman
- w1999 August 1986 The Estimation of Prewar GNP Volatility, 1869-1938
Nathan S. Balke and Robert J. Gordon
- w2000 August 1986 Errors of Measurement in Output Deflators
Frank R. Lichtenberg and Zvi Griliches
- w2001 August 1986 The Political Economy of the Smoot-Hawley Tariff
Barry Eichengreen
- w2002 August 1986 Research and Development and Intraindustry Spillovers: An Empirical Application of Dynamic Duality
Jeffrey I. Bernstein and M. Ishaq Nadiri
- w1998 August 1986 Labor Markets and the Choice of Technology in an Open Developing Economy
Joshua Aizenman
- w2011 August 1986 Export Supply and Import Demand Functions: A Production Theory Approach
W. Erwin Diewert
- w2009 August 1986 Government Purchases and Real Interest Rates
N. Gregory Mankiw
- w2010 August 1986 Hospital Admissions, Length of Stay, and Case-Mix Impacts of Per Case Payment: The Maryland Experience
David S. Salkever and Donald M. Steinwachs
- w2007 August 1986 Tax Policy and International Competitiveness
Lawrence H. Summers
- w2008 August 1986 Health Expenditures and Precautionary Savings
Laurence J. Kotlikoff
- w2003 August 1986 Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85
Leonardo Leiderman and Assaf Razin
- w2004 August 1986 Rational Inflationary Bubbles
Behzad T. Diba and Herschel I. Grossman
- w2005 August 1986 Government Spending, Interest Rates, Prices, and Budget Deficits in the United Kingdom, 1701-1918
Robert J. Barro
- t0059 August 1986 Maximum Likelihood Estimation of Generalized Ito Processes with Discretely Sampled Data
Andrew W. Lo
- r0748 August 1986 Simon Kuznets 1901-1985
Moses Abramovitz
- r0738 August 1986 Sex Differences in Economic Well-Being
Victor R. Fuchs
- w1979 July 1986 In the Wrong Place at the Wrong Time: The Extent of Frictional and Structural Unemployment
Jonathan S. Leonard
- w1969 July 1986 The Prewar Business Cycle Reconsidered: New Estimates of Gross NationalProduct, 1869-1918
Christina D. Romer
- w1970 July 1986 Budget Deficits, Tax Rules, and real Interest Rates
Martin Feldstein
- w1975 July 1986 Issues in the Measurement and Interpretation of Effective Tax Rates
David F. Bradford and Charles Stuart
- w1974 July 1986 Private Investment in R&D to Signal Ability to Perform Government Contracts
Frank R. Lichtenberg
- w1973 July 1986 Chronic Excess Capacity in U.S. Industry
Robert E. Hall
- w1971 July 1986 An Evaluation of Recent Evidence on Stock Market Bubbles
Robert P. Flood, Robert J. Hodrick, and Paul Kaplan
- w1972 July 1986 Dollar Appreciation and Manufacturing Employment and Output
William H. Branson and James P. Love
- w1978 July 1986 Gains from Trade in Differentiated Products: Japanese Compact Trucks
Robert C. Feenstra
- w1977 July 1986 Incentive Compatible Trade Policies
Robert C. Feenstra
- w1980 July 1986 Irreversible Investment, Capacity Choice, and the Value of the Firm
Robert S. Pindyck
- w1983 July 1986 The Failure of Ricardian Equivalence Under Progressive Wealth Taxation
Andrew B. Abel
- w1984 July 1986 Why Are Children Poor?
Victor R. Fuchs
- w1982 July 1986 Endogenous Drinking Age Laws and Highway Mortality Rates of Young Drivers
Henry Saffer and Michael Grossman
- w1981 July 1986 A Time Series Analysis of Representative Agent Models of Consumption andLeisure Choice Under Uncertainty
Martin S. Eichenbaum, Lars Peter Hansen, and Kenneth J. Singleton
- w1985 July 1986 Ski-Lift Pricing, with an Application to the Labor Market
Robert J. Barro and Paul M. Romer
- w1989 July 1986 The Internationalization of American Banking and Finance: Structure, Risk, adn World Interest Rates
Michael R. Darby
- w1987 July 1986 Economic Events and Keynesian Ideas: The 1930s and the 1970s
Michael R. Darby and James R. Lothian
- w1986 July 1986 Reputational Constraints on Monetary Policy
Kenneth Rogoff
- w1990 July 1986 On the Inception of Rational Bubbles in Stock Prices
Behzad T. Diba and Herschel I. Grossman
- w1988 July 1986 Supply Shocks and Optimal Monetary Policy
Stephen J. Turnovsky
- w1976 July 1986 The Wage-Productivity Hypothesis: Its Economic Consequences and Policy Implications.
Joseph E. Stiglitz
- w1944 June 1986 International Lending and Borrowing in a Stochastic Sequence Equilibrium
Richard H. Clarida
- w1945 June 1986 The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium
Richard H. Clarida
- w1946 June 1986 The Term Structure of Euromarket Interest Rates: An Empirical Investigation
John Y. Campbell and Richard H. Clarida
- w1947 June 1986 The Welfare Cost of Uncertain Tax Policy
Jonathan S. Skinner
- w1952 June 1986 Efficiency Wages and the Wage Structure
Alan B. Krueger and Lawrence H. Summers
- w1950 June 1986 Hysteresis and the European Unemployment Problem
Olivier J. Blanchard and Lawrence H. Summers
- w1948 June 1986 Quotas and the Stability of Implicit Collusion
Julio J. Rotemberg and Garth Saloner
- w1949 June 1986 Maximum Hours Legislation and Female Employment in the 1920s: A Reasse ssment
Claudia Goldin
- w1953 June 1986 The Canada-U.S. Auto Pact of 1965: An Experiment in Selective Trade Liberalization
Melvyn Fuss and Leonard Waverman
- w1951 June 1986 On the Size Distribution of Employment and Establishments
Jonathan S. Leonard
- w1957 June 1986 Industrial Organization and International Trade
Paul Krugman
- w1954 June 1986 Merit Pay for School Superintendents?
Ronald G. Ehrenberg, Richard P. Chaykowski, and Randy A. Ehrenberg
- w1955 June 1986 Finite Lifetimes and the Crowding Out Effects of Budget Deficits
James M. Poterba and Lawrence H. Summers
- w1956 June 1986 The Intrafamily Allocation of Goods - How to Separate the Men From the Boys
Reuben Gronau
- w1958 June 1986 The Valuation of Security Analysis
Alex Kane and Alan J. Marcus
- w1959 June 1986 Mortgage Pricing: What Have We Learned So Far?
Patric H. Hendershott
- t0057 June 1986 Testing for Individual Effects in Dynamic Models Using Panel Data
Douglas Holtz-Eakin
- w1960 June 1986 Price Contracts, Output, and Monetary Disturbances
Alan C. Stockman
- w1961 June 1986 Fiscal Policies and International Financial Markets
Alan C. Stockman
- w1963 June 1986 Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations
Kenneth A. Froot and Jeffrey A. Frankel
- w1962 June 1986 Is the Japan Problem Over?
Paul Krugman
- w1964 June 1986 Speculative Behavior of Institutional Investors
John Pound and Robert J. Shiller
- w1967 June 1986 Money and the Open Economy Business Cycle: A Flexible Price Model
Robert P. Flood and Robert J. Hodrick
- w1968 June 1986 Reflections on the Inter-Industry Wage Structure
Alan B. Krueger and Lawrence H. Summers
- w1966 June 1986 The Demand for Health Inputs and Their Impact on the Black Neonatal Mortality Rate in the U.S.
Theodore J. Joyce
- t0058 June 1986 Bias in Longitudinal Estimation of Wage Gaps
Gary Solon
- w1965 June 1986 The Relationship Between Firm Size and Firm Growth in the U.S. Manufacturing Sector
Bronwyn H. Hall
- w1939 June 1986 News or Noise? An Analysis of GNP Revisions
N. Gregory Mankiw and Matthew D. Shapiro
- w1938 June 1986 An Analysis of the Selection of Arbitrators
David E. Bloom and Christopher L. Cavanagh
- w1936 June 1986 Market Access and International Competition: A Simulation Study of 16K Random Access Memories
Richard E. Baldwin and Paul Krugman
- w1937 June 1986 Marginal Costs of Income Redistribution at the State Level
William R. Johnson
- w1933 June 1986 On "Real" and "Sticky-Price" Theories of the Business Cycle
Bennett T. McCallum
- w1935 June 1986 Are Efficiency Wages Efficient?
William T. Dickens, Lawrence F. Katz, and Kevin Lang
- w1934 June 1986 The Feminization of Poverty?
Victor R. Fuchs
- w1941 June 1986 Investment Incentives and the Discounting of Depreciation Allowances
Lawrence H. Summers
- w1942 June 1986 The Self-Employment Experience of Immigrants
George J. Borjas
- w1940 June 1986 Political Parties and the Business Cycle in the United States, 1948-1984
Alberto Alesina and Jeffrey Sachs
- w1943 June 1986 The Relative Rigidity of Monopoly Pricing
Julio J. Rotemberg and Garth Saloner
- r0720 June 1986 Perspectives on High World Real Interest Rates
Olivier J. Blanchard and Lawrence H. Summers
- t0056 May 1986 Sequential Bargaining Under Asymmetric Information
Sanford J. Grossman and Motty Perry
- w1914 May 1986 Beer Taxes, the Legal Drinking Age, and Youth Motor Vehicle Fatalities
Henry Saffer and Michael Grossman
- w1913 May 1986 More on the Speed of Adjustment in Inventory Models
Alan S. Blinder
- w1912 May 1986 The Assessment of National Price Levels
Irving B. Kravis and Robert E. Lipsey
- w1917 May 1986 Incentive Contracts
Edward P. Lazear
- w1915 May 1986 Foreign Counterfeiting of Status Goods
Gene M. Grossman and Carl Shapiro
- w1923 May 1986 Poverty Among the Elderly: Where are the Holes in the Safety Net?
Michael J. Boskin and John B. Shoven
- w1922 May 1986 Real Exchange Rates and Productivity Growth in the United States and Japan
Richard C. Marston
- w1921 May 1986 Risk Aversion and Determinants of Stock Market Behavior
Robert S. Pindyck
- w1920 May 1986 An Analysis of Public and Private Sector Wages Allowing for Endogenous Choices of Both Government and Union Status
Joseph Gyourko and Joseph Tracy
- w1919 May 1986 On the Political Economy of Land Value Capitalization and Local Public Sector Rent-Seeking in a Tiebout Model
Joseph Gyourko and Joseph S. Tracy
- w1918 May 1986 Multicountry, Multifactor Tests of the Factor Abundance Theory
Harry P. Bowen, Edward E. Leamer, and Leo Sveikauskas
- w1926 May 1986 Pricing to Market when the Exchange Rate Changes
Paul Krugman
- w1925 May 1986 The Sources of Disagreement Among International Macro Models and Implications for Policy Coordination
Jeffrey A. Frankel
- w1924 May 1986 Tax Asymmetries and Corporate Income Tax Reform
Saman Majd and Stewart C. Myers
- w1930 May 1986 Real Exchange Rate Variability: An Empirical Analysis of the Developing Countries Case
Sebastian Edwards
- w1927 May 1986 The Fisher Hypothesis and the Forecastability and Persistence of Inflation
Robert B. Barsky
- w1928 May 1986 An Assessment of the Benefits of Air Pollution Control: The Case of Infant Health
Theodore J. Joyce, Michael Grossman, and Fred Goldman
- w1929 May 1986 U.S. Macroeconomic Policy and Performance in the 1980s: An Overview
Frederic S. Mishkin
- w1916 May 1986 Are Output Fluctuations Transitory?
John Y. Campbell and N. Gregory Mankiw
- w1931 May 1986 Efficient Contracts with Costly Adjustment: Short-RUn Employment Determination for Airline Mechanics
David Card
- w1932 May 1986 Do Equilibrium Real Business Cycle Theories Explain Post-War U.S. Business Cycles?
Martin S. Eichenbaum and Kenneth J. Singleton
- w1909 April 1986 Tax Reform and the Slope of the Playing Field
Patric H. Hendershott
- w1910 April 1986 Life-Cycle Models of Consumption: Is the Evidence Consistent with the Theory?
Angus Deaton
- w1911 April 1986 Tax Changes and Capital Allocation in the 1980s
Patric H. Hendershott
- w1881 April 1986 Targeting Rules for Monetary Policy
Joshua Aizenman and Jacob A. Frenkel
- w1891 April 1986 Social Security: A Financial Appraisal Across and Within Generations
Michael J. Boskin, Laurence J. Kotlikoff, Douglas J. Puffert, and John B. Shoven
- w1890 April 1986 Inside Money and Monetary Neutrality
Peter R. Hartley and Carl E. Walsh
- w1889 April 1986 The Illusion of Stabilization Policy?
Steven L. Green and Herschel I. Grossman
- w1888 April 1986 The Earnings Gap Between Male and Female Workers: An Historical Perspective
Claudia Goldin
- t0055 April 1986 A Simple, Positive Semi-Definite, Heteroskedasticity and AutocorrelationConsistent Covariance Matrix
Whitney K. Newey and Kenneth D. West
- w1886 April 1986 Anticipated Tax Changes and the Timing of Investment
Alan J. Auerbach and James R. Hines Jr.
- w1887 April 1986 Compensating Wage Differentials and the Duration of Wage Loss
Daniel S. Hamermesh and John R. Wolfe
- w1885 April 1986 Cointegration and Tests of Present Value Models
John Y. Campbell and Robert J. Shiller
- w1884 April 1986 Crime and Punishment Again: The Economic Approach with a Psychological Twist
William T. Dickens
- w1882 April 1986 Structural Changes in Unionization: 1973-1981
William T. Dickens and Jonathan S. Leonard
- w1894 April 1986 The Pure Theory of Country Risk
Jonathan Eaton, Mark Gersovitz, and Joseph E. Stiglitz
- w1893 April 1986 Capital Gains: Rates Realizations and Revenues
Lawrence B. Lindsey
- w1892 April 1986 The Optimal Inflation Rate in an Overlapping-Generations Economy with Land
Bennett T. McCallum
- w1896 April 1986 Notes on the Tax Treatment of Structures
Roger H. Gordon, James R. Hines Jr., and Lawrence H. Summers
- w1895 April 1986 Job Characteristics and Hours of Work
Joseph G. Altonji and Christina H. Paxson
- w1898 April 1986 The Budget Deficit and the Dollar
Martin Feldstein
- w1899 April 1986 The Dynamic Demand for Capital and Labor
Matthew D. Shapiro
- w1897 April 1986 Asset Prices in a Time Series Model with Disparately Informed, Competative Traders
Kenneth J. Singleton
- w1904 April 1986 The Impact of Fundamental Tax Reform on the Allocation of Resources
Don Fullerton and Yolanda K. Henderson
- w1902 April 1986 The Limited Viability of Dual Exchange-Rate Regimes
Jacob A. Frenkel and Assaf Razin
- w1901 April 1986 The Efficiency of the Supply of Public Education
Theodore C. Bergstrom, Judith Roberts, Daniel L. Rubinfeld, and Perry Shapiro
- w1900 April 1986 Capital Utilization and Capital Accumulation: Theory and Evidence
Matthew D. Shapiro
- w1906 April 1986 Efficiency Wage Theories: A Partial Evaluation
Lawrence F. Katz
- w1905 April 1986 A Disaggregate Equilibrium Model of the Tax Distortions Among Assets, Sectors, and Industries
Don Fullerton and Yolanda K. Henderson
- w1903 April 1986 A "Gold Standard" Isn't Viable Unless Supported by Sufficiently FlexibleMonetary and Fiscal Policy
Willem H. Buiter
- w1907 April 1986 Wage Changes in Job Changes
Jacob Mincer
- w1908 April 1986 Residual Risk Revisited
Bruce N. Lehmann
- w1878 April 1986 Bonuses and Employment in Japan
Richard B. Freeman and Martin L. Weitzman
- w1880 April 1986 Country Risk, Asymmetric Information and Domestic Policies
Joshua Aizenman
- w1879 April 1986 IRAs and Saving
Steven F. Venti and David A. Wise
- w1883 April 1986 Labor Market Segmentation and the Union Wage Premium
William T. Dickens and Kevin Lang
- w1848 March 1986 Productivity Growth and Changes in the Terms of Trade in Japan and the U.S.
Catherine J. Morrison and W. Erwin Diewert
- w1849 March 1986 The Extent and Sources of Cost and Efficiency Differences Between U.S. and Japanese Automobile Producers
Melvyn A. Fuss and Leonard Waverman
- w1853 March 1986 News from the U. S. and Japan: Which Moves the Yen/Dollar Exchange Rate?
Takatoshi Ito and V. Vance Roley
- w1851 March 1986 Survey Evidence on Diffusion of Investment Among Institutional Investors
Robert J. Shiller and John Pound
- w1852 March 1986 Effects of Alcoholic Beverage Prices and Legal Drinking Ages on Youth Alcohol Use
Douglas Coate and Michael Grossman
- w1850 March 1986 Comparison and Analysis of Productivity Growth and R&D Investment in theElectrical Machinery Industries of the United States and Japan
M. Ishaq Nadiri and Ingmar R. Prucha
- w1854 March 1986 The Dollar as Speculative Bubble: A Tale of Fundamentalists and Chartists
Jeffrey A. Frankel and Kenneth A. Froot
- w1855 March 1986 Taxes and the Merger Decision: An Empirical Analysis
Alan J. Auerbach and David Reishus
- w1856 March 1986 Wages, Employment and the Threat of Collective Action by Workers
William T. Dickens
- w1857 March 1986 The Effects of Tax Rules on Nonresidential Fixed Investment: Some Preliminary Evidence from the 1980s
Martin Feldstein and Joosung Jun
- w1861 March 1986 Employed and Unemployed Job Search: A Comparison of Choices and Outcomes among Youth
Harry J. Holzer
- w1860 March 1986 Informal Job Search and Black Youth Unemployment
Harry J. Holzer
- w1859 March 1986 Search Method Use by Unemployed Youth
Harry J. Holzer
- w1858 March 1986 U.S. Monetary Policy Regimes and U.S.-Japan Financial Relations
V. Vance Roley
- w1863 March 1986 Tax Loss Carryforwards and Corporate Tax Incentives
Alan J. Auerbach and James M. Poterba
- w1862 March 1986 New Results on the Effects of Tax Policy on the International Location of Investment
Michael J. Boskin and William G. Gale
- w1866 March 1986 Internal Non-Price Competition, Pricing, and Incentive Systems in the Cooperative Service Firm: The Case of US Medical Group Practice
Martin Gaynor
- w1864 March 1986 Tax Incidence
Laurence J. Kotlikoff and Lawrence H. Summers
- w1865 March 1986 International Borrowing to Finance Investment
Charles Engel and Kenneth M. Kletzer
- w1867 March 1986 Asset Price Volatility, Bubbles, and Process Switching
Robert P. Flood and Robert J. Hodrick
- w1870 March 1986 An Empirical Test of an Asymmetric Information Model of Strikes
Joseph S. Tracy
- w1868 March 1986 The General Theory of Tax Avoidance
Joseph E. Stiglitz
- w1869 March 1986 Tariffs, Saving and the Current Account
Charles Engel and Kenneth Kletzer
- w1871 March 1986 How Burdensome are Capital Gains Taxes?
James M. Poterba
- w1872 March 1986 Optimal Tariffs in Consistent Conjectural Variations Equilibrium
Stephen J. Turnovsky
- w1873 March 1986 Aggregate Savings in the Presence of Private and Social Insurance
Andrew B. Abel
- w1876 March 1986 Counterfeit-Product Trade
Gene M. Grossman and Carl Shapiro
- w1875 March 1986 The Theory and Measurement of Macroeconomic Disequilibrium in Centrally Planned Economies
Richard Portes
- w1874 March 1986 The October 1979 Change in the Monetary Regime: Its Impact on the "Forecastability" of Interest Rates
James E. Pesando and Andre Plourde
- w1877 March 1986 Models of Firm Behavior Under Minimum Wage Legislation
David E. Bloom and Gilles Grenier
- w1827 February 1986 The Contribution of Intergenerational Transfers to Total Wealth: A Reply
Laurence J. Kotlikoff and Lawrence H. Summers
- w1833 February 1986 Dividend Innovations and Stock Price Volatility
Kenneth D. West
- w1832 February 1986 On the Covariance Structure of Earnings and Hours Changes
John M. Abowd and David Card
- w1831 February 1986 Intertemporal Labor Supply and Long Term Employment Contracts
John M. Abowd and David Card
- w1830 February 1986 High Unemployment in Europe: Diagnosis and Policy Implications
Jeffrey Sachs
- w1829 February 1986 The "Youth Problem": Age or Generational Crowding?
David E. Bloom and Richard B. Freeman
- w1828 February 1986 The Term Structure of Interest Rates: Evidence and Theory
Angelo Melino
- w1837 February 1986 Population Growth, Labor Supply, and Employment in Developing Countries
David E. Bloom and Richard B. Freeman
- w1836 February 1986 Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions
Willem H. Buiter
- w1835 February 1986 Targeting Nominal Income: A Note
Kenneth D. West
- w1834 February 1986 The Welfare Implications of Costly Litigation in the Theory of Liability
A. Mitchell Polinsky and Daniel L. Rubinfeld
- w1839 February 1986 Plant Closings, Labor Demand and the Value of the Firm
Daniel S. Hamermesh
- w1838 February 1986 Elections and Macroeconomic Policy Cycles
Kenneth Rogoff and Anne Sibert
- w1840 February 1986 Why Have Unemployment Rates in Canada and the U.S. Diverged?
Orley Ashenfelter and David Card
- w1841 February 1986 Empirical Models of Arbitrator Behavior Under Conventional Arbitration
David E. Bloom
- w1842 February 1986 Alternative Explanations of the Money-Income Correlation
Ben S. Bernanke
- w1844 February 1986 Borrowing to Defend the Exchange Rate and the Timing and Magnitude of Speculative Attacks
Willem H. Buiter
- w1843 February 1986 Content Protection and Oligopolistic Interactions
Kala Krishna and Motoshige Itoh
- w1845 February 1986 Seasonal Fluctuations and the Life Cycle-Permanent Income Model of Consumption
Jeffrey A. Miron
- t0054 February 1986 Full Versus Limited Information Estimation of a Rational Expectations Model: Some Numerical Comparisons
Kenneth D. West
- w1846 February 1986 Detrebling versus Decoupling Antitrust Damages: Lessons from the Theory of Enforcement
A. Mitchell Polinsky
- w1847 February 1986 The Impact of Deregulation on the Employment and Wages of Airline Mechanics
David Card
- r0680 February 1986 Inflation Vulnerability, Income, and Wealth of the Elderly, 1969-1979
Michael D. Hurd and John B. Shoven
- w1788 1986 The Equity Premium and the Concentration of Aggregate Shocks
N. Gregory Mankiw
- w1787 1986 Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy
Joshua Aizenman
- w1786 1986 The Allocation of Credit and Financial Collapse
N. Gregory Mankiw
- w1785 1986 The Relation Between Price and Marginal Cost in U.S. Industry
Robert E. Hall
- w1789 1986 Long-Term Behavior of Yield Curves
Charles R. Nelson and Andrew F. Siegel
- w1792 1986 Supply Side Economics: Old Truths and New Claims
Martin Feldstein
- w1790 1986 U.S. Budget Deficits and the European Economies: Resolving the Political Economy Puzzle
Martin Feldstein
- w1793 1986 A Reformulation of the Economic Theory of Fertility
Gary S. Becker and Robert J. Barro
- w1791 1986 The Effect of Federal Tax Deductibility on State and Local Taxes and Spending
Martin Feldstein and Gilbert Metcalf
- w1794 1986 Reputation in a Model of Monetary Policy with Incomplete Information
Robert J. Barro
- w1795 1986 Discontinuities in Pension Benefit Formulas and the Spot Model of the Labor Market: Implications for Financial Economists
James E. Pesando
- w1802 1986 Nutrition and the Decline in Mortality Since 1700: Some Additional Preliminary Findings
Robert W. Fogel
- w1801 1986 Sectorial Wages and the Real Exchange Rate
Joshua Aizenman and Jacob A. Frenkel
- w1797 1986 1944, 1963 and 1985: Modiglianiesque Macro Models
Stanley Fischer
- w1798 1986 The Invariance of R&D to the Number of Firms in the Industry
Raaj Kumar Sah and Joseph E. Stiglitz
- w1799 1986 The International Transmission and Effects of Fiscal Policies
Jacob A. Frenkel and Assaf Razin
- w1800 1986 Coordination of Monetary and Fiscal Policies in the OECD
Warwick J. McKibbin and Jeffrey Sachs
- w1796 1986 Money in the Utility Function: An Empirical Implementation
James M. Poterba and Julio J. Rotemberg
- w1803 1986 Tax Reform, Investment, and the Value of the Firm
Alan J. Auerbach and James R. Hines Jr.
- w1809 1986 Public Sector Union Growth and Bargaining Laws: A Proportional Hazards Approach with Time-Varying Treatments
Casey Ichniowski
- w1805 1986 Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis
John Y. Campbell
- w1804 1986 Implications of the U.S. Net Capital Inflow
Benjamin M. Friedman
- w1807 1986 The Economic Performance of Survivors after Layoffs: A Plant-Level Study
Casey Ichniowski
- w1806 1986 Money Announcements, the Demand for Bank Reserves and the Behavior of the Federal Funds Rate Within the Statement Week
John Y. Campbell
- w1808 1986 Public Sector Recognition Strikes: Illegal and Ill-Fated
Casey Ichniowski
- w1810 1986 Stopping Hyperinflations Past and Present
Rudiger Dornbusch and Stanley Fischer
- w1811 1986 Inflation and Wage Dispersion
Allan Drazen and Daniel S. Hamermesh
- w1812 1986 The Response of Interest Rates to Money Announcements under Alternative Operating Prosedures and Reserve Requirement Systems
V. Vance Roley
- w1815 1986 Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value
Adam B. Jaffe
- w1813 1986 The Rigidity of Prices
Dennis W. Carlton
- w1816 1986 Variation in Employment Growth in Canada: The Role of External, National, Regional and Industrial Factors
Joseph G. Altonji and John C. Ham
- w1814 1986 Estimated Macroeconomic Effects of Deficit Targeting
Ray C. Fair
- w1817 1986 Fixed Price Versus Spot Price Contracts: A Study in Risk Allocation
A. Mitchell Polinsky
- w1822 1986 Generating a Sharp Disinflation: Israel 1985
Michael Bruno
- w1821 1986 Explorations in Monetary History: A Survey of the Literature
Michael D. Bordo
- w1820 1986 Work Rules, Featherbedding, and Pareto-Optimal Union Management Bargaining
George E. Johnson
- w1819 1986 Job Duration, Seniority, and Earnings
Katharine G. Abraham and Henry S. Farber
- w1818 1986 A Time-Series Model of Housing Investment in the U.S.
Sherwin Rosen and Robert H. Topel
- w1826 1986 Savings and Bequests
Michael D. Hurd
- w1825 1986 Layoffs, Recall and the Duration of Unemployment
Lawrence F. Katz
- w1823 1986 The New Protectionism: A Response to Shifts in National Economic Power
Robert E. Baldwin
- w1824 1986 Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach
Stephen J. Turnovsky and Vasco d'Orey
- r0678 1986 Policy and Performance Links between LDC Debtors and Industrial Nations
Rudiger Dornbusch
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