Papers Issued in 1988
- w2799 December 1988 Markups in U.S. and Japanese Manufacturing: A Short Run Econometric Analysis
Catherine J. Morrison
- w2806 December 1988 Initial Public Offerings: Investor Behavior and Underpricing
Robert J. Shiller
- w2787 December 1988 The Dynamics of Living Arrangements of the Elderly
Axel Borsch-Supan, Laurence J. Kotlikoff, and John N. Morris
- t0072 December 1988 The R&D Master File Documentation
Bronwyn H. Hall, Clint Cumminq, Elizabeth S. Laderman, and Joy Mundy
- w2786 December 1988 Can The European Monetary System Be Copied Outside Europe? Lessons From Ten Years of Monetary Policy Coordination In Europe
Francesco Giavazzi and Alberto Giovannini
- w2785 December 1988 Credibility, Debt and Unemployment: Ireland's Failed Stabilization
Rudiger Dornbusch
- w2784 December 1988 Forecasting Pre-World War I Inflation: The Fisher Effect Revisited
Robert B. Barsky and J. Bradford De Long
- w2783 December 1988 Implications of the Illinois Reemployment Bonus Experiments For Theories of Unemployment and Policy Design
Bruce D. Meyer
- w2780 December 1988 Asset Prices and Time-Varying Risk
Robert Flood
- w2779 December 1988 A Bequest-Constrained Economy: Welfare Analysis
Marc Nerlove, Assaf Razin, and Efraim Sadka
- w2781 December 1988 Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy
Partha Sen and Stephen J. Turnovsky
- w2782 December 1988 The Determinants of Employee Productivity and Earnings: Some New Evidence
Harry J. Holzer
- w2789 December 1988 Substitution over Time in Work and Consumption
Robert E. Hall
- w2790 December 1988 Notes on Credibility and Stabilization
Rudiger Dornbusch
- w2793 December 1988 Inflation, Index-Linked Bonds, and Asset Allocation
Zvi Bodie
- w2788 December 1988 Estimating The Age-Productivity Profile Using Lifetime Earnings
Laurence J. Kotlikoff
- w2791 December 1988 The Japanese Tax Reform and the Effective Rate of Tax on Japanese Corporate Investments
John B. Shoven
- w2796 December 1988 The Effectiveness of Foreign-Exchange Intervention: Recent Experience
Maurice Obstfeld
- w2794 December 1988 The Baby Boom, The Baby Bust, and the Housing Market
N. Gregory Mankiw and David N. Weil
- w2795 December 1988 Mean Reversion in Stock Prices? A Reappraisal of the Empirical Evidence
Myung Jig Kim, Charles R. Nelson, and Richard Startz
- w2792 December 1988 Retrospective Capital Gains Taxation
Alan J. Auerbach
- w2798 December 1988 Why Does Stock Market Volatility Change Over Time?
G. William Schwert
- w2805 December 1988 Employer Behavior in the Face of Union Organizing Drives
Richard B. Freeman and Morris M. Kleiner
- t0073 December 1988 Tests For Unit Roots: A Monte Carlo Investigation
G. William Schwert
- w2804 December 1988 Demographic Analysis of Birthweight-Specific Neonatal Mortality
Hope Corman, Michael Grossman, and Theodore J. Joyce
- w2803 December 1988 The Joint Retirement Decision of Husbands and Wives
Michael D. Hurd
- w2802 December 1988 Adjusting to an Aging Labor Force
Edward P. Lazear
- w2801 December 1988 Fear of Nuclear War and Intercountry Differences in the Rate of Saving
Joel Slemrod
- w2800 December 1988 Shirking or Productive Schmoozing: Wages and the Allocation of Time at Work
Daniel S. Hamermesh
- w2807 December 1988 The Excess Smoothness of Consumption: Identification and Interpretation
Marjorie A. Flavin
- r1083 December 1988 Aggregate and Individual Price Adjustment
Olivier Jean Blanchard
- t0065 November 1988 Asset Pricing with a Factor Arch Covariance Structure: Empirical Estimates for Treasury Bills
Robert F. Engle, Victor Ng, and Michael Rothschild
- w2762 November 1988 Mean Reversion in Equilibrium Asset Prices
Stephen G. Cecchetti, Pok-sang Lam, and Nelson C. Mark
- w2760 November 1988 The Effect of Multinational Firms' Operations on Their Domestic Employment
Irving B. Kravis and Robert E. Lipsey
- w2761 November 1988 Differences In Income Elasticities and Trends in Real Exchange Rates
Paul Krugman
- w2758 November 1988 Financial Factors in Business Fluctuations
Mark L. Gertler and R. Glenn Hubbard
- w2754 November 1988 Testing Strategic Bargaining Models Using Stock Market Data
Joseph S. Tracy
- w2755 November 1988 Comparisons Between Public and Private Sector Union Wage Differentials: Does the Legal Environment Matter?
Joseph Tracy
- w2757 November 1988 Theoretical Developments in the Light of Macroeconomic Policy and Empirical Research
Michael Bruno
- w2756 November 1988 A Theory of Managed Trade
Kyle Bagwell and Robert W. Staiger
- w2759 November 1988 Voting on the Budget Deficit
Alberto Alesina and Guido Tabellini
- w2763 November 1988 Financial Capacity, Reliquification, and Production in an Economy with Long-Term Financial Arrangements
Mark Gertler
- w2764 November 1988 Bank Runs in Open Economies and The International Transmission of Panics
Peter M. Garber and Vittorio U. Grilli
- w2774 November 1988 Portfolio Choice and Asset Pricing With Nontraded Assets
Lars E.O. Svensson
- w2775 November 1988 Real Exchange Rates and Macroeconomics: A Selective Survey
Rudiger Dornbusch
- w2773 November 1988 Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?
Nouriel Roubini
- w2772 November 1988 A Probability Model of The Coincident Economic Indicators
James H. Stock and Mark W. Watson
- w2771 November 1988 The Simple Analytics of Debt-Equity Swaps
Elhanan Helpman
- w2770 November 1988 Monetary Policy Strategies
Robert P. Flood and Peter Isard
- w2768 November 1988 Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts
David Card
- w2769 November 1988 Intellectual Property Rights and North-South Trade
Judith C. Chin and Gene M. Grossman
- w2767 November 1988 Sovereign Debt Buybacks Can Lower Bargaining Costs
Julio J. Rotemberg
- w2766 November 1988 How Do Fixed-Exchange-Rates Regimes Work: The Evidence From The Gold Standard, Bretton Woods and The EMS
Alberto Giovannini
- w2765 November 1988 Production, Sales, and the Change in Inventories: An Identity That Doesn`t Add Up
Jeffrey A. Miron and Stephen P. Zeldes
- w2777 November 1988 Offset and Sterilization Under Fixed Exchange Rates With An Optimizing Central Bank
Nouriel Roubini
- w2778 November 1988 Seigniorage in Europe
Vittorio U. Grilli
- w2776 November 1988 Production Based Asset Pricing
John H. Cochrane
- r1076 November 1988 Ambiguous Policy Multipliers in Theory and in Empirical Models
Jeffrey A. Frankel
- r1075 November 1988 The Implications of Conflicting Models for Coordination between Monetary and Fiscal Policymakers
Jeffrey A. Frankel
- w2726 October 1988 Trade Dependency, Bargaining and External Debt
Joshua Aizenman
- w2725 October 1988 Fiscal Deficits and Relative Prices in a Growing World Economy
Maurice Obstfeld
- t0071 October 1988 Smart Money, Noise Trading and Stock Price Behavior
John Y. Campbell and Albert S. Kyle
- w2730 October 1988 The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives
John H. Cochrane
- w2734 October 1988 Why Don't the Elderly Live With Their Children? A New Look
Laurence J. Kotlikoff and John Morris
- w2735 October 1988 Making Bequests Without Spoiling Children: Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz
Laurence J. Kotlikoff and Assaf Razin
- w2736 October 1988 Multicountry Modeling of Financial Markets
Jon Cockerline, John F. Helliwell, and Robert Lafrance
- w2737 October 1988 The Dynamic Effects of Aggregate Demand and Supply Disturbances
Olivier Jean Blanchard and Danny Quah
- w2739 October 1988 Can Inter-Industry Wage Differentials Justify Strategic Trade Policy?
Lawrence F. Katz and Lawrence H. Summers
- w2738 October 1988 Latin America's Intraregional Trade: Evolution and Future Prospects
Sebastian Edwards and Miguel Savastano
- w2740 October 1988 Management of a Common Currency
Alessandra Casella and Jonathan Feinstein
- w2741 October 1988 The Impact of the Potential Duration of Unemployment Benefits on the Duration of Unemployment
Lawrence F. Katz and Bruce D. Meyer
- w2728 October 1988 Labor and Transfer Income and Older Women's Work: Estimates From the United States
Philip de Jong, Robert Haveman, and Barbara Wolfe
- w2731 October 1988 Inflation, External Debt and Financial Sector Reform: A Quantitative Approach To Consistent Fiscal Policy With An Application to Turkey
Ritu Anand and Sweder van Wijnbergen
- w2746 October 1988 Unobservables, Pregnancy Resolutions, and Birthweight Production Functions in New York City
Michael Grossman and Theodore J. Joyce
- w2745 October 1988 Government Subsidies to Private Military R&D Investment: DOD's IR&D Policy
Frank R. Lichtenberg
- w2744 October 1988 Human Resource Policies and Union-Nonunion Productivity Differences
Steven G. Allen
- w2727 October 1988 The Effect of Information Releases on the Pricing and Timing of Equity Issues: Theory and Evidence
Robert A. Korajczyk, Deborah Lucas, and Robert McDonald
- w2729 October 1988 U.S. International Capital Flows: Perspectives From Rational Maximizing Models
Robert J. Hodrick
- w2733 October 1988 Are Estimated Tax Elasticities Really Just Tax Evasion Elasticities? The Case of Charitable Contributions
Joel Slemrod
- w2732 October 1988 Technical Change, Learning, and Wages
Ann P. Bartel and Frank R. Lichtenberg
- w2742 October 1988 Does the Harberger Model Greatly Understate the Excess Burden of the Corporate Tax? - Another Model Says Yes
Jane G. Gravelle and Laurence J. Kotlikoff
- w2743 October 1988 The Political Economy of War Debts and Inflation
Herschel I. Grossman
- w2750 October 1988 Commodity Prices as a Leading Indicator of Inflation
James M. Boughton and William H. Branson
- w2747 October 1988 Marriage Bars: Discrimination Against Married Women Workers, 1920's to 1950's
Claudia Goldin
- w2748 October 1988 The Behavior of Home Buyers in Boom and Post-Boom Markets
Karl E. Case and Robert J. Shiller
- w2749 October 1988 Costs and Benefits of Prenatal Screening For Cystic Fibrosis
Alan M. Garber and Joseph P. Fenerty
- w2751 October 1988 Coalitions in the Uruguay Round: The Extent, Pros and Cons of Developing Country Participation 1,2
Colleen Hamilton and John Whalley
- w2752 October 1988 Pension Fund Investment Policy
Zvi Bodie
- w2753 October 1988 Altruism, Rivalry and Crowding-Out in the Nonprofit Firm's Supply of Charity Services: The Case of Hospitals
Richard G. Frank and David S. Salkever
- r1058 October 1988 "The Economic Impact of AIDS in the United States."
David E. Bloom and Geoffrey Carliner
- r1057 October 1988 "Are Consumers Forward Looking? Evidence from Fiscal Experiments."
Jame3 M. Poterba
- w2699 September 1988 A Strategic Altruism Model In Which Ricardian Equivalence Does Not Hold
Laurence J. Kotlikoff, Assaf Razin, and Robert W. Rosenthal
- w2698 September 1988 Unemployment: Getting the Questions Right - and some of the answers
Olivier Jean Blanchard
- w2701 September 1988 The Founding of the Fed and the Destabilization of the Post-1914 Economy
Jeffrey A. Miron
- w2700 September 1988 Is Theory Really Ahead of Measurement? Current Real Business Cycle Theories and Aggregate Labor Market Fluctuations
Lawrence J. Christiano and Martin Eichenbaum
- w2702 September 1988 Collapsing Exchange Rate Regimes: Shocks and Biases
Linda S. Goldberg
- w2703 September 1988 Intraday Yen/Dollar Exchange Rate Movements: News or Noise?
Takatoshi Ito and V. Vance Roley
- w2706 September 1988 Partisan Cycles in Congressional Elections and the Macroeconomy
Alberto Alesina and Howard Rosenthal
- w2707 September 1988 Inventive Activity in Early Industrial America: Evidence From Patent Records, 1790 - 1846
Kenneth L. Sokoloff
- w2705 September 1988 Tariffs in an Economy with Incomplete Markets and Unemployment
Raquel Fernandez
- w2704 September 1988 Bank Size, Reputation, and Debt Renegotiation
Raquel Fernandez and David Kaaret
- w2711 September 1988 Carbon Monoxide in the Ambient Air and Blood Pressure: Evidence From NHANES II and the SAROAD System
Douglas Coate and Michael Grossman
- w2708 September 1988 Industrialization and the Big Push
Kevin M. Murphy, Andrei Shleifer, and Robert W. Vishny
- w2715 September 1988 The Survival of Noise Traders in Financial Markets
J. Bradford De Long, Andrei Shleifer, Lawrence H. Summers, and Robert J. Waldmann
- w2714 September 1988 Interactions between Domestic and Foreign Investment
Robert E. Lipsey and Guy V.G. Stevens
- t0069 September 1988 The Distribution of the Instrumental Variables Estimator and Its t-RatioWhen the Instrument is a Poor One
Charles R. Nelson and Richard Startz
- w2713 September 1988 The Early History of Price Index Research
W. Erwin Diewert
- t0068 September 1988 Some Further Results on the Exact Small Sample Properties of the Instrumental Variable Estimator
Charles R. Nelson and Richard Startz
- w2712 September 1988 Promises, Promises: The States' Experience With Income Tax Indexing
Daniel R. Feenberg and Harvey S. Rosen
- w2709 September 1988 Income Distribution, Market Size, and Industrialization
Kevin M. Murphy, Andrei Shleifer, and Robert Vishny
- w2724 September 1988 Specialization, Transactions Technologies, and Money Growth
Harold L. Cole and Alan C. Stockman
- w2721 September 1988 Real and Monetary Determinants of Real Exchange Rate Behavior: Theory and Evidence From Developing Countries
Sebastian Edwards
- t0070 September 1988 The Time-Varying-Parameter Model as an Alternative to ARCH for Modeling Changing Conditional Variance: The Case of Lucas Hypothesis
Charles R. Nelson and Chang-Jin Kim
- w2720 September 1988 IR&D Project Data and Theories of R&D Investment
Frank R. Lichtenberg
- w2716 September 1988 On the Existence and Interpretation of the "Unit Root" in U.S. GNP
J. Bradford De Long and Lawrence H. Summers
- w2717 September 1988 An Empirical Assessment of Alternative Models of Risky Decision Making
Joanna R. Baker, Pamela K. Lattimore, and Ann D. Witte
- w2719 September 1988 How Do the Elderly Form Expectations? An Analysis of Responses to New Information
B. Douglas Bernheim
- w2718 September 1988 Econometrics and the Design of Economic Reform
Michael Bruno
- w2723 September 1988 The Case of the Vanishing Revenues: Auction Quotas With Oligopoly
Kala Krishna
- w2722 September 1988 Industrial Organization and Product Quality: Evidence From South Korean and Taiwanese Exports
Dani Rodrik
- w2710 September 1988 Banks as Social Accountants and Screening Devices for the Allocation of Credit
Joseph E. Stiglitz and Andrew Weiss
- w2697 September 1988 Schooling and the Great Migration
Robert A. Margo
- w2688 August 1988 The Seasonal Cycle and the Business Cycle
Robert B. Barsky and Jeffrey A. Miron
- w2672 August 1988 Econometric Analyses of the Empirical Consequences of Comparable Worth: What Have We Learned?
Ronald G. Ehrenberg
- w2673 August 1988 Debt Neutrality, Professor Vickrey and Henry George's "Single Tax"
Willem H. Buiter
- w2691 August 1988 Understanding Real Interest Rates
Frederic S. Mishkin
- w2677 August 1988 The Mutual Amplification Effect of Exchange Rate Volatility and Unresponsive Trade Prices
Richard Baldwin and Richard K. Lyons
- w2680 August 1988 Precautionary Saving and the Timing of Taxes
Miles S. Kimball and N. Gregory Mankiw
- w2693 August 1988 Modeling Structural and Temporal Variation in the Market's Valuation of Banking Firms
Edward J. Kane and Haluk Unal
- w2687 August 1988 U.S. Tax Laws and Capital Flight From Latin America
Charles E. McLure, Jr.
- w2679 August 1988 Foreign Exchange Rate Expectations: Micro Survey Data
Takatoshi Ito
- w2678 August 1988 On Time-Series Properties of Time-Varying Risk Premium in the Yen/Dollar Exchange Market
Fabio Canova and Takatoshi Ito
- w2694 August 1988 Time-Varying Risk Perceptions and the Pricing of Risky Assets
Benjamin M. Friedman and Kenneth N. Kuttner
- w2695 August 1988 Searching For a Break in GNP
Lawrence J. Christiano
- w2675 August 1988 Buybacks, Exit Bonds, and the Optimality of Debt and Liquidity Relief
Kenneth A. Froot
- w2674 August 1988 The Estimation of Prewar GNP: Methodology and New Evidence
Nathan S. Balke and Robert J. Gordon
- w2676 August 1988 The Diffusion of New Technologies: Evidence From the Electric Utility Industry
Nancy L. Rose and Paul L. Joskow
- w2681 August 1988 Terms of Trade and the Transmission of Output Shocks in a Rational Expectations Model
Carol L. Osler
- w2682 August 1988 Political and Economic Determinants of Budget Deficits in the IndustrialDemocracies
Nouriel Roubini and Jeffrey Sachs
- w2696 August 1988 Proprietary Public Finance, Political Competition, and Reputation
Herschel I. Grossman and Suk Jae Noh
- w2692 August 1988 Voluntary Debt Reduction: Incentives and Welfare
Elhanan Helpman
- w2686 August 1988 Pensions, The Option Value of Work, and Retirement
James H. Stock and David A. Wise
- w2690 August 1988 Job Training, Wage Growth, and Labor Turnover
Jacob Mincer
- w2689 August 1988 Business Cycles and the Exchange Rate System: Some International Evidence
Marianne Baxter and Alan C. Stockman
- w2685 August 1988 The Ricardian Approach to Budget Deficits
Robert J. Barro
- w2684 August 1988 Investor Behavior in the October 1987 Stock Market Crash: The Case of Japan
Robert J. Shiller, Fumiko Konya, and Yoshiro Tsutsui
- w2683 August 1988 News and the Dollar/Yen Exchange Rate, 1931-1933: The End of the Gold Standard, Imperialism, and the Great Depression
Takatoshi Ito, Kunio Okina, and Juro Teranishi
- w2645 July 1988 The Stabilization of the U.S. Economy Evidence From the Stock Market
Matthew D. Shapiro
- w2644 July 1988 Conditionality, Debt Relief, and the Developing Country Debt Crisis
Jeffrey Sachs
- w2646 July 1988 The Impact of the Agencies on Conventional Fixed-Rate Mortgage Yields
Patric H. Hendershott and James D. Shilling
- w2648 July 1988 The International Monetary System: Developments and Prospects
Jacob A. Frenkel and Morris Goldstein
- w2647 July 1988 The Effects of Hours Constraints on Labor Supply Estimates
Shulamit Kahn and Kevin Lang
- w2649 July 1988 Job Mobility and the Careers of Young Men
Robert H. Topel and Michael P. Ward
- w2650 July 1988 The Effects of Fiscal Policy on International Imbalances: Japan and the United States
John F. Helliwell
- w2651 July 1988 Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models
Bruce Greenwald and Joseph E. Stiglitz
- w2652 July 1988 Structural/Frictional and Demand-Deficient Unemployment in Local Labor Markets
Harry J. Holzer
- w2653 July 1988 Exchange-Rate Management Viewed as Tax Policies
Jacob A. Frenkel and Assaf Razin
- w2654 July 1988 Closing the Technology Gap: Does Trade Liberalization Really Help?
Dani Rodrik
- w2659 July 1988 Tax Induced Trading: The Effect of the 1986 Tax Reform Act on Stock Market Activity
Paul J. Bolster, Lawrence B. Lindsey, and Andrew W. Mitrusi
- w2658 July 1988 Rules and Discretion in Trade Policy
Robert W. Staiger and Guido Tabellini
- w2660 July 1988 The Pension Inducement to Retire: An Option Value Analysis
James H. Stock and David A. Wise
- w2656 July 1988 Factor Market Barriers are Trade Barriers: Gains From Trade in 1992
Richard Baldwin
- w2642 July 1988 A Test of Consumption Insurance
John H. Cochrane
- w2661 July 1988 The Effects of Japanese Social Security Retirement Benefits on Personal Savings and Elderly Labor Force Behavior
Tetsuji Yamada and Tadashi Yamada
- w2670 July 1988 International Coordination of Economic Policies: Scope, Methods, and Effects
Jacob A. Frenkel, Morris Goldstein, and Paul R. Masson
- w2641 July 1988 Liquidity and Market Structure
Sanford J. Grossman and Merton H. Miller
- w2671 July 1988 The Excess Co-Movement of Commodity Prices
Robert S. Pindyck and Julio J. Rotemberg
- w2640 July 1988 Performance Evaluation of Market Timers
Alex Kane and Stephen Gary Marks
- w2657 July 1988 Private Cost Information and the Multinational Enterprise
Kyle Bagwell and Robert W. Staiger
- w2665 July 1988 Oligopoly in Segmented Markets
Shmuel Ben-Zvi and Elhanan Helpman
- w2666 July 1988 Dysfunctional Non-Market Institutions and the Market
Richard J. Arnott and Joseph E. Stiglitz
- w2667 July 1988 A Note on Revenue Forecasting During the Dukakis Administration
Daniel R. Feenberg and Harvey S. Rosen
- w2669 July 1988 Can International Policy Coordination Really Be Counterproductive?
Carlo Carraro and Francesco Giavazzi
- w2664 July 1988 Evidence From Seven Countries on Whether Inventories Smooth Aggregate Output
Kenneth D. West
- w2655 July 1988 The Welfare Economics of Debt Service
Dani Rodrik
- w2663 July 1988 The Demand For Cigarettes and Restrictions on Smoking in the Workplace
Frank J. Chaloupka and Henry Saffer
- w2662 July 1988 External Debt, Planning Horizon and Distorted Credit Markets
Joshua Aizenman
- t0067 July 1988 The Dividend Ratio Model and Small Sample Bias: A Monte Carlo Study
John Y. Campbell and Robert J. Shiller
- w2668 July 1988 Targets and Instruments of Monetary Policy
Benjamin M. Friedman
- w2643 July 1988 Tax Aversion, Optimal Tax Rates, and Indexation
Roger N. Waud
- w2620 June 1988 Bolivia's Economic Crisis
Juan Antonio Morales and Jeffrey Sachs
- w2623 June 1988 Sovereign Debt: Is To Forgive To Forget?
Jeremy I. Bulow and Kenneth Rogoff
- w2617 June 1988 Flexible Staffing Arrangements and Employers' Short-Term Adjustment Strategies
Katharine G. Abraham
- w2618 June 1988 Do Developing Countries Lose From the MFA?
Irene Trela and John Whalley
- w2607 June 1988 The Debt Crisis: Structural Explanations of Country Performance
Andrew Berg and Jeffrey Sachs
- w2605 June 1988 An Analysis of Postwar U.S. Consumption and Saving: Part I -- The Model and Aggregation
Michael J. Boskin and Lawrence J. Lau
- w2606 June 1988 An Analysis of U.S. Postwar Consumption and Saving: Part II -- Empirical Results
Michael J. Boskin and Lawrence J. Lau
- w2619 June 1988 Heterogeneity in Panel Data: Are There Stable Production Functions?
Jacques Mairesse and Zvi Griliches
- w2624 June 1988 R&D, Patents, and Market Value Revisited: Is There Evidence of A SecondTechnological Opportunity Related Factor?
Zvi Griliches, Bronwyn H. Hall, and Ariel Pakes
- w2604 June 1988 The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty
Stephen J. Turnovsky and Vasco d'Orey
- w2616 June 1988 Deterioration of the Terms of Trade and Capital Accumulation: A Reexamination of the Laursen-Metzler Effect
Partha Sen and Stephen J. Turnovsky
- w2614 June 1988 Japanese Structural Adjustment and the Balance of Payments
Jeffrey Sachs and Peter Boone
- w2615 June 1988 Production and Trade in Services by U.S. Multinational Firms
Irving B. Kravis and Robert E. Lipsey
- w2610 June 1988 External Debt, Capital Flight and Political Risk
Alberto Alesina and Guido Tabellini
- w2608 June 1988 Federal Reserve Behavior Since 1980: A Financial Markets Perspective
William C. Melton and V. Vance Roley
- w2611 June 1988 Advance Notice Provisions in Plant Closing Legislation: Do They Matter?
Ronald G. Ehrenberg and George H. Jakubson
- t0066 June 1988 The Size and Power of the Variance Ratio Test in Finite Samples: A Monte Carlo Investigation
Andrew W. Lo and A. Craig MacKinlay
- w2613 June 1988 Fiscal Policy With Impure Intergenerational Altruism
Andrew B. Abel and B. Douglas Bernheim
- w2639 June 1988 The Great Crash and the Onset of the Great Depression
Christina D. Romer
- w2636 June 1988 Default and Renegotiation of Latin American Foreign Bonds in the Interwar Period
Erika Jorgensen and Jeffrey Sachs
- w2637 June 1988 Sovereign Debt Restructurings: Panacea or Pangloss?
Jeremy I. Bulow and Kenneth Rogoff
- w2633 June 1988 Issues in the Measurement and Interpretation of Saving and Wealth
Michael J. Boskin
- w2635 June 1988 Savings Promotion, Investment Promotion, and International Competitiveness
Lawrence H. Goulder and Barry Eichengreen
- w2634 June 1988 Hedonic Price Indexes and the Measurement of Capital and Productivity: Some Historical Reflections
Zvi Griliches
- w2632 June 1988 Do Taxes Affect Corporate Financing Decisions?
Jeffrey MacKie-Mason
- w2631 June 1988 Nonlinear Taxation of Risky Assets and Investment, With Application to Mining
Jeffrey MacKie-Mason
- w2629 June 1988 Temporary Terms of Trade Disturbances, The Real Exchange Rate and the Current Account
Sebastian Edwards
- w2628 June 1988 Testing the Rationality of State Revenue Forecasts
Daniel R. Feenberg, William Gentry, David Gilroy, and Harvey S. Rosen
- w2621 June 1988 Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
Andrew B. Abel
- w2627 June 1988 Consumer Discrimination and Self-Employment
George J. Borjas and Stephen G. Bronars
- w2612 June 1988 What Do Voluntary Export Restraints Do?
Kala Krishna
- w2630 June 1988 Smuggling, Camouflaging, and Market Structure
Richard A. Jensen, Jerry Thursby, and Marie Thursby
- w2638 June 1988 Do Tournaments Have Incentive Effects?
Ronald G. Ehrenberg and Michael L. Bognanno
- w2622 June 1988 Data Difficulties in Labor Economics
Daniel S. Hamermesh
- w2625 June 1988 Self-fulfillment Expectations, Speculation Attacks, and Capitol Controls
Harris Dellas and Alan C. Stockman
- w2609 June 1988 Meteor Showers or Heat Waves? Heteroskedastic Intra-Daily Volatility in the Foreign Exchange Market
Robert F. Engle, Takatoshi Ito, and Wen-Ling Lin
- w2626 June 1988 What Does the Term Structure Tell Us About Future Inflation?
Frederic S. Mishkin
- r1012 June 1988 The Recent Decline of Unionization in the United States
Henry S. Farber
- w2591 May 1988 Labor Hoarding, Inflexible Prices, and Procyclical Productivity
Julio J. Rotemberg and Lawrence H. Summers
- w2603 May 1988 Some Thoughts on the Role of Fiscal Policy in Stabilisation and Structural Adjustment in Developing Countries
Willem H. Buiter
- w2602 May 1988 An Economic Analysis of the Market for Law School Students
Ronald G. Ehrenberg
- w2600 May 1988 Promises, Promises: Credible Policy Reform via Signaling
Dani Rodrik
- w2599 May 1988 Inflation and the E M S
Susan M. Collins
- w2586 May 1988 Deindustrialization, Reindustrialization, and the Real Exchange Rate
Paul R. Krugman
- w2584 May 1988 The Role Of Export Subsisies When Product Quality Is Unknown
Kyle Bagwell and Robert W. Staiger
- w2583 May 1988 Endogenous Participation in Agricultural Support Programs and Ad ValoremEquivalent Modelling
John Whalley and Randall M. Wigle
- w2540 May 1988 Product Development and International Trade
Gene M. Grossman and Elhanan Helpman
- w2598 May 1988 South Korea's Experience With External Debt
Susan M. Collins
- w2597 May 1988 Sovereign-debt Renegotiations: A Strategic Analysis
Raquel Fernandez and Robert W. Rosenthal
- w2596 May 1988 External Debt and Macroeconomic Performance in South Korea
Susan M. Collins and Won Am Park
- w2595 May 1988 Market Structure, Strike Activity, and Union Wage Settlements
John M. Abowd and Joseph S. Tracy
- w2594 May 1988 Unemployment Insurance, Recall Expectations, And Unemployment Outcomes
Lawrence F. Katz and Bruce D. Meyer
- w2592 May 1988 Growth, Technological Progress, and Trade
Elhanan Helpman
- w2593 May 1988 Economic Efficiency in Recent Tax Reform History: Policy Reversals or Consistent Improvements?
Don Fullerton and James B. Mackie
- w2590 May 1988 Relative Wages, Efficiency Wages, and Keynesian Unemployment
Lawrence H. Summers
- w2589 May 1988 Sources of Business Cycle Fluctuations
Matthew D. Shapiro and Mark W. Watson
- w2588 May 1988 Government Spending in a Simple Model of Endogenous Growth
Robert J. Barro
- w2587 May 1988 Market-Based Debt-Reduction Schemes
Paul R. Krugman
- w2585 May 1988 U.S. Inflation, Labor's Share, and the Natural Rate of Unemployment
Robert J. Gordon
- w2601 May 1988 Vertical Restraints and Producers' Competition
Patrick Rey and Joseph E. Stiglitz
- w2582 May 1988 Debt and Conditionality under Endogenous Terms of Trade Adjustment
Joshua Aizenman and Eduardo R. Borensztein
- w2572 May 1988 Labor Demand and the Structure of Adjustment Costs
Daniel S. Hamermesh
- w2575 May 1988 The Information in the Term Structure: Some Further Results
Frederic S. Mishkin
- w2581 May 1988 Interest-Rate Smoothing
Robert J. Barro
- w2574 May 1988 Bubbles, Fads, and Stock Price Volatility Tests: A Partial Evaluation
Kenneth D. West
- w2577 May 1988 On the Consistency of Short-run and Long-run Exchange Rate Expectations
Kenneth A. Froot and Takatoshi Ito
- w2578 May 1988 Centre For Labour Economics
Willem H. Buiter
- w2573 May 1988 The Time-Variation of Risk and Return in the Foreign Exchange and Stock Markets
Alberto Giovannini and Philippe Jorion
- w2580 April 1988 Consumption and Investment
Andrew B. Abel
- w2576 April 1988 A Non-Competitive, Equilibrium Model Of Fluctuations
Robert E. Hall
- w2579 April 1988 Corporate Taxes and Incentives and the Structure of Production: A Selected Survey
Jeffrey I. Bernstein and M. Ishaq Nadiri
- w2569 April 1988 Pricing Physical Assets Internationally
Bernard Dumas
- w2570 April 1988 Rates Of Return On Physical And R&D Capital And Structure Of The Production Process: Cross Section And Time Series Evidence
Jeffrey I. Bernstein and M. Ishaq Nadiri
- w2571 April 1988 Investment, Depreciation, And Capital Utilization
Jeffrey I. Bernstein and M. Ishaq Nadiri
- w2566 April 1988 Immigration And Self-Selection
George J. Borjas
- w2565 April 1988 Real Exchange Rate Variability under Pegged and Floating Nominal Exchange Rate Systems: An Equilibrium Theory
Alan C. Stockman
- w2564 April 1988 Is There A Regional Bias in Federal Tax Subsidy Rates for Giving?
Charles T. Clotfelter and Daniel R. Feenberg
- w2556 April 1988 A Structural Equation Model for Tax Compliance and Auditing
Kurt J. Beron, Helen V. Tauchen, and Ann Dryden Witte
- w2563 April 1988 The Impact Of New Unionization On Wages And Working Conditions: A Longitudinal Study Of Establishments Under NLRB Elections
Richard B. Freeman and Morris M. Kleiner
- w2562 April 1988 Evaluating the European View that the US has No Unemployment Problem
Richard B. Freeman
- w2561 April 1988 Job Queues and Wages: New Evidence on the Minimum Wage and Inter-Industry Wage Structure
Harry J. Holzer, Lawrence F. Katz, and Alan B. Krueger
- w2559 April 1988 Financial Structure and Aggregate Economic Activity: An Overview
Mark L. Gertler
- w2560 April 1988 Labor Market Institutions, Constraints, and Performance
Richard B. Freeman
- w2567 April 1988 Inflation And Taxation With Optimizing Governments
James M. Poterba and Julio J. Rotemberg
- w2558 April 1988 Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks
Dwight Jaffee and Andrei Shleifer
- w2552 April 1988 Monetary Policy Without Quantity Variables
Benjamin M. Friedman
- w2551 April 1988 Lessons On Monetary Policy From The 1980's
Benjamin M. Friedman
- w2555 April 1988 Resolving Debt Crises: An Historical Perspective
Barry Eichengreen
- w2554 April 1988 Interindustry R&D Spillovers, Rates Of Return, and Production In High-Tech Industries
Jeffrey I. Bernstein and M. Ishaq Nadiri
- w2553 April 1988 The Tax Reform Act Of 1986 And Economic Growth
Patric H. Hendershott
- w2557 April 1988 On The Difference Between Tax And Spending Policies In Models With Finite Horizons
William H. Branson and Giampaolo Galli
- w2549 April 1988 The Contribution of a Monetary History of the United States: 1867 to 1960 To Monetary History
Michael D. Bordo
- w2550 April 1988 Strikes and Wages: A Test of a Signalling Model
David Card
- w2568 April 1988 Interpreting Cointegrated Models
John Y. Campbell and Robert J. Shiller
- w2545 March 1988 Hysteresis In Import Prices: The Beachhead Effect
Richard Baldwin
- w2544 March 1988 The Macroeconomics of Exchange-rate and Price-level Interactions: Empirical Evidence for West Germany
Alberto Giovannini
- w2543 March 1988 Compositional Effects of Government Spending in a Two-Country Two-SectorProduction Model
Steven N. Durlauf and Robert W. Staiger
- w2535 March 1988 An Analysis Of Pension Benefit Formulas, Pension Wealth And Incentives From Pensions
Alan L. Gustman and Thomas L. Steinmeier
- w2546 March 1988 Unemployment Insurance And Unemployment Spells
Bruce D. Meyer
- w2547 March 1988 Learning In Equilibrium Models of Arbitration
Robert Gibbons
- w2548 March 1988 Workers' Trust Funds and the Logic of Wage Profiles
George A. Akerlof and Lawrence F. Katz
- w2530 March 1988 Change in Market Assessments of Deposit-Institution Riskiness
Edward J. Kane and Haluk Unal
- w2529 March 1988 On the Determinants of the Value of Call Options on Default-Free Bonds
Stephen A. Buser, Patric H. Hendershott, and Anthony B. Sanders
- w2537 March 1988 The Effect Of The Investment Tax Credit On The Value Of The Firm
Andrew B. Lyon
- w2536 March 1988 National Price Levels and the Prices of Tradables and Nontradables
Irving B. Kravis and Robert E. Lipsey
- w2538 March 1988 What Moves Stock Prices?
David M. Cutler, James M. Poterba, and Lawrence H. Summers
- w2539 March 1988 Competitiveness, Realignment, and Speculation: The Role of Financial Markets
Maurice Obstfeld
- w2541 March 1988 LDC Debt: Forgiveness, Indexation, and Investment Incentives
Kenneth A. Froot, David S. Scharfstein, and Jeremy C. Stein
- w2542 March 1988 Exchange Rate Pass-Through When Market Share Matters
Kenneth A. Froot and Paul Klemperer
- w2534 March 1988 Credit, Money, and Aggregate Demand
Ben S. Bernanke and Alan S. Blinder
- w2533 March 1988 Fads, Martingales, and Market Efficiency
Bruce N. Lehmann
- w2532 March 1988 Alternative Mechanisms for Corporate Control
Randall Morck, Andrei Shleifer, and Robert W. Vishny
- w2531 March 1988 The Line Item Veto and Public Sector Budgets: Evidence from the States
Douglas Holtz-Eakin
- w2527 March 1988 Optimal Policies with Strategic Distortions
Kala Krishna and Marie Thursby
- w2526 March 1988 The Compliance Cost of Itemizing Deductions: Evidence from Individual Tax Returns
Mark M. Pitt and Joel Slemrod
- w2528 March 1988 Can Public Spending Cuts be Inflationary?
Willem H. Buiter
- w2525 March 1988 The Poor at Birth: Infant Auxology and Mortality at Philadelphia's Almshouse Hospital, 1848-1873
Claudia D. Goldin and Robert A. Margo
- w2524 February 1988 Takeover Bids below the Expected Value of Minority Shares
Lucian Arye Bebchuk
- w2523 February 1988 Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment
Martin S. Eichenbaum
- w2504 February 1988 The Political Economy of Controls: American Sugar
Anne O. Krueger
- w2502 February 1988 Structural Adjustment Policies in Highly Indebted Countries
Sebastian Edwards
- w2503 February 1988 The Informational Content of Ex Ante Forecasts
Ray C. Fair and Robert J. Shiller
- w2511 February 1988 Stock Prices, Earnings and Expected Dividends
John Y. Campbell and Robert J. Shiller
- w2509 February 1988 Why Do Pensions Reduce Mobility?
Steven G. Allen, Robert L. Clark, and Ann A. McDermed
- w2510 February 1988 The Deadweight Loss from `Non-Neutral' Capital Income Taxation
Alan J. Auerbach
- w2508 February 1988 Deterrence, Work and Crime: Revisiting the Issues with Birth Cohort Data
Helen V. Tauchen, Ann Dryden Witte, and Harriet Griesinger
- w2507 February 1988 Randomization with Asymmetric Information
Richard J. Arnott and Joseph E. Stiglitz
- w2506 February 1988 The Efficiency of the Market for Single-Family Homes
Karl E. Case and Robert J. Shiller
- w2505 February 1988 Obstacles to International Macroeconomic Policy Coordination
Jeffrey A. Frankel
- w2519 February 1988 Capital Subsidies and Countervailing Duties in Oligopolistic Industries
Barbara J. Spencer
- w2521 February 1988 Tariffs and Saving in a Model with New Families
Charles Engel and Kenneth Kletzer
- w2520 February 1988 The Role of Demand Management in the Maintenance of Full Employment
Bennett T. McCallum
- w2513 February 1988 The Challenge to U.S. Leadership in High-Technology Industries (Can the United States Maintain Its Lead? Should It Try?)
Rachel McCulloch
- w2512 February 1988 Randomness in Tax Enforcement
Suzanne Scotchmer and Joel Slemrod
- w2515 February 1988 Heckscher-Olin Theory and Non-Competitive Markets
Robert W. Staiger
- w2514 February 1988 Organized Labor and the Scope of International Specialization
Robert W. Staiger
- w2518 February 1988 Rules Versus Discretion in Monetary Policy
Stanley Fischer
- w2516 February 1988 Has State Redistribution Policy Grown More Conservative?
Robert Moffitt
- w2517 February 1988 The Implications of Insurance for the Efficacy of Fiscal Policy
Andrew B. Abel
- t0064 February 1988 Exchange-Rate Dynamics and Optimal Asset Accumulation Revisited
Maurice Obstfeld
- w2522 February 1988 Sectoral Shocks and Structural Unemployment
Michael H. Riordan and Robert W. Staiger
- r0989 February 1988 Tax Policy and Corporate Saving
James M. Poterba
- w2490 1988 Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism
Andrew B. Abel and Laurence J. Kotlikoff
- w2489 1988 The Challenge of High Unemployment
Alan S. Blinder
- w2493 1988 Multinational Firms and Manufactured Exports from Developing Countries
Magnus Blomstrom, Irving B. Kravis, and Robert E. Lipsey
- w2494 1988 Financial Market Imperfections and Business Cycles
Bruce C. Greenwald and Joseph E. Stiglitz
- w2492 1988 Investment Tax Incentives and Frequent Tax Reforms
Alan J. Auerbach and James R. Hines Jr.
- w2491 1988 The Real Exchange Rate, Employment, and Output in Manufacturing in the U.S. and Japan
William H. Branson and James P. Love
- w2498 1988 International Evidence on the Persistence of Economic Fluctuations
John Y. Campbell and N. Gregory Mankiw
- w2496 1988 Consumption: Beyond Certainty Equivalence
Olivier J. Blanchard and N. Gregory Mankiw
- w2497 1988 Firm Heterogeneity, Internal Finance, and `Credit Rationing'
Charles W. Calomiris and R. Glenn Hubbard
- w2495 1988 VAR Models as Structural Approximations
Ray C. Fair
- w2500 1988 Are Public Sector Workers Paid More Than Their Alternative Wage? Evidence From Longitudinal Data and Job Queues
Alan B. Krueger
- w2501 1988 The Baby Boom's Legacy: Relative Wages in the 21st Century
Phillip B. Levine and Olivia S. Mitchell
- w2499 1988 The Determinants of Queues for Federal Jobs
Alan B. Krueger
- w2483 1988 Some Empirical Evidence on Hysteresis in Aggregate US Import Prices
Richard Baldwin
- w2479 1988 The U.S. Japan Trade Imbalance from the Japanese Perspective
Ryuzo Sato
- w2480 1988 Real Business Cycle Models
Bennett T. McCallum
- w2481 1988 Target Zones and Exchange Rate Dynamics
Paul R. Krugman
- w2482 1988 Fiscal Policies and the Dollar/Pound Exchange Rate: 1870-1984
Vittorio U. Grilli
- w2484 1988 The Basic Analytics of Moral Hazard
Richard J. Arnott and Joseph E. Stiglitz
- w2485 1988 Monopoly Wealth and International Debt
Jonathan Eaton
- w2486 1988 Financing vs. Forgiving a Debt Overhang
Paul R. Krugman
- w2487 1988 The Implications of Knowledge-Based Growth for the Optimality of Open Capital Markets
Meir Kohn and Nancy Peregrim Marion
- w2488 1988 Consumer Durables and the Optimality of Usually Doing Nothing
Avner Bar-Ilan and Alan S. Blinder
- r0974 1988 External Balance Correction: Depreciation or Protection?
Rudiger Dornbusch
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