Papers Issued in 1990
- w3532 December 1990 American Economic Policy and the International Debt Crisis
Hans-Werner Sinn
- w3544 December 1990 The Political Economy of American Protection in Theory and in Practice
Anne O. Krueger
- w3538 December 1990 The Transfer Pricing Problem: Where the Profits Are
James R. Hines, Jr.
- w3537 December 1990 Why Are There So Few Black Entrepreneurs?
Bruce D. Meyer
- w3535 December 1990 The Effect of Illicit Drug Use on the Wages of Young Adults
Robert Kaestner
- w3534 December 1990 Cyclical Markups: Theories and Evidence
Julio J. Rotemberg and Michael Woodford
- w3546 December 1990 "Liquidation" Cycles: Old-Fashioned Real Business Cycle Theory and the Great Depression
J. Bradford De Long
- w3543 December 1990 An Empirical Exploration of Exchange Rate Target-Zones
Robert P. Flood, Andrew K. Rose, and Donald J. Mathieson
- w3545 December 1990 Impact of Government on Growth and Trade
Anne O. Krueger and David Orsmond
- h0018 December 1990 The Microeconomics of Depression Unemployment
Robert A. Margo
- w3542 December 1990 Contracts and the Market for Executives
Sherwin Rosen
- w3547 December 1990 Aging and the Income Value of Housing Wealth
Steven F. Venti and David A. Wise
- w3553 December 1990 Last One Out Wins: Trade Policy in an International Exit Game
S. Lael Brainard
- w3550 December 1990 Yield Curve
Frederic S. Mishkin
- w3548 December 1990 The Market for Home Mortgage Credit: Recent Changes and Future Prospects
Patric H. Hendershott
- w3554 December 1990 Public Goods in Trade: On the Formation of Markets and Political Jurisdictions
Alessandra Casella and Jonathan S. Feinstein
- w3568 December 1990 A Micro Econometric Model of Capital Utilization and Retirement
Sanghamitra Das
- w3530 December 1990 The Allocation of Talent: Implications for Growth
Kevin M. Murphy, Andrei Shleifer, and Robert W. Vishny
- w3529 December 1990 Time-Consistent Policy and Persistent Changes in Inflation
Laurence M. Ball
- w3528 December 1990 Economic Integration and Endogenous Growth
Luis A. Rivera-Batiz and Paul M. Romer
- w3527 December 1990 The Benefits of Crises for Economic Reforms
Allan Drazen and Vittorio Grilli
- w3526 December 1990 Hysteresis in the Trade Pattern
Gene M. Grossman and Elhanan Helpman
- w3525 December 1990 Pension Portability and Labor Mobility: Evidence From the Survey of Income and Program Participation
Alan Gustman and Thomas Steinmeier
- w3524 December 1990 Job Vacancy Rates in the Firm: An Empirical Analysis
Harry J. Holzer
- w3531 December 1990 Tax Policy, Investments in Human and Physical Capital, and Productivity
Marc Nerlove, Assaf Razin, Efraim Sadka, and Robert K. von Weizsacker
- w3541 December 1990 A Contribution to the Empirics of Economic Growth
N. Gregory Mankiw, David Romer, and David N. Weil
- w3539 December 1990 The Making of Exchange Rate Policy in the 1980s
Jeffrey A. Frankel
- w3533 December 1990 Macroeconomic Models with Equity and Credit Rationing
Bruce C. Greenwald and Joseph E. Stiglitz
- w3549 December 1990 Self-Selection, Prenatal Care, and Birthweight Among Blacks, Whites and Hispanics in New York City
Theodore Joyce
- w3552 December 1990 The Aggregate Implications of Machine Replacement: Theory and Evidence
Russell Cooper and John Haltiwanger
- w3564 December 1990 Lecture Notes on Economic Growth(II): Five Prototype Models of Endogenous Growth
Xavier Sala-i-Martin
- w3563 December 1990 Lecture Notes on Economic Growth(I): Introduction to the Literature and Neoclassical Models
Xavier Sala-i-Martin
- w3562 December 1990 What has Foreign Market Intervention Since the Plaza Agreement Accomplished?
Michael D. Bordo and Anna J. Schwartz
- w3560 December 1990 Individual Precautions to Prevent Theft: Private Versus Socially OptimalBehavior
Steven Shavell
- w3561 December 1990 Soft Budget Constraints, Taxes, and the Incentive to Cooperate
Joshua Aizenman
- w3558 December 1990 Three Models of Retirement: Computational Complexity Versus Predictive Validity
Robin L. Lumsdaine, James H. Stock, and David A. Wise
- w3557 December 1990 The Incidence of Mandated Employer-Provided Insurance: Lessons from Workers' Compensation Insurance
Jonathan Gruber and Alan B. Krueger
- w3556 December 1990 Labor Hoarding and the Business Cycle
Craig Burnside, Martin Eichenbaum, and Sergio Rebelo
- w3571 December 1990 The Effect of Age at School Entry on Educational Attainment: An Application of Instrumental Variables with Moments from Two Samples
Joshua D. Angrist and Alan B. Krueger
- w3536 December 1990 Maternal Labor Supply and Children's Cognitive Development
Francine D. Blau and Adam J. Grossberg
- h0019 December 1990 Wages and Prices During the Antebellum Period: A Survey and New Evidence
Robert A. Margo
- h0011 December 1990 The Capital Market in the 1850s
Hugh Rockoff
- w3555 December 1990 Credible Disinflation with Staggered Price Setting
Laurence Ball
- w3559 December 1990 Approaches to Efficient Capital Taxation: Leveling the Playing Field vs.Living by the Golden Rule
Lawrence H. Goulder and Philippe Thalmann
- w3573 December 1990 The Assimilation of Immigrants in the U.S. Labor Markets
Robert J. LaLonde and Robert H. Topel
- w3570 December 1990 Exchange Rate Volatility in Integrating Capital Markets
Giancarlo Corsetti, Vittorio Grilli, and Nouriel Roubini
- w3569 December 1990 Theory and Practice of Commercial Policy: 1945-1990
Anne O. Krueger
- w3567 December 1990 Quality Adjusted Cost Functions
Paul J. Gertler and Donald M. Waldman
- w3566 December 1990 Tastes and Technology in a Two-Country Model of the Business Cycle: Explaining International Comovements
Alan C. Stockman and Linda L. Tesar
- w3572 December 1990 Does Compulsory School Attendance Affect Schooling and Earnings?
Joshua D. Angrist and Alan B. Krueger
- w3540 December 1990 Basic Concepts of International Taxation
Jacob Frenkel, Assaf Razin, and Efraim Sadka
- w3565 December 1990 A Signaling Theory of Unemployment
Ching-to Albert Ma and Andrew M. Weiss
- w3551 December 1990 Banks and Loan Sales: Marketing Non-Marketable Assets
Gary Gorton and George Pennacchi
- w3508 November 1990 Public Sector Dynamics
Alan J. Auerbach
- w3512 November 1990 Comparative Advantage, Geographic Advantage, and the Volume of Trade
James E. Rauch
- w3513 November 1990 A Simple Model of Useless Speculation
Murray C. Kemp and Hans-Werner Sinn
- w3511 November 1990 Riding the Yield Curve: Reprise
Robin Grieves and Alan J. Marcus
- w3510 November 1990 Recursive and Sequential Tests of the Unit Root and Trend Break Hypothesis: Theory and International Evidence
Anindya Banerjee, Robin L. Lumsdaine, and James H. Stock
- w3509 November 1990 Immigration and the Family
George J. Borjas and Stephen G. Bronars
- w3514 November 1990 The Draft Lottery and Voluntary Enlistment in the Vietnam Era
Joshua D. Angrist
- w3520 November 1990 Stock Prices, News, and Business Conditions
Grant McQueen and V. Vance Roley
- w3523 November 1990 The Bubble of 1929: Evidence from Closed-End Funds
J. Bradford De Long and Andrei Shleifer
- w3521 November 1990 Post-War Economic Growth in the Group-of-Five Countries: A New Analysis
Michael J. Boskin and Lawrence J. Lau
- w3522 November 1990 The Economics of Seasonal Cycles
Jeffrey A. Miron
- w3515 November 1990 Equipment Investment and Economic Growth
J. Bradford De Long and Lawrence H. Summers
- w3517 November 1990 British and French Finance During the Napoleonic Wars
Michael D. Bordo and Eugene N. White
- w3507 November 1990 Inputs to Tax Policymaking: The Supply Side, the Deficit, and the Level Playing Field
Don Fullerton
- w3506 November 1990 Distortionary Taxes and the Provision of Public Goods
Charles L. Ballard and Don Fullerton
- w3505 November 1990 A General Equilibrium Model of Housing, Taxes, and Portfolio Choice
James Berkovec and Don Fullerton
- w3519 November 1990 Taxation and the Birth of Foreign Subsidiaries
Hans-Werner Sinn
- t0093 November 1990 Sorting Out the Differences Between Signaling and Screening Models
Joseph Stiglitz and Andrew Weiss
- w3518 November 1990 High Inflation and the Nominal Anchors of an Open Economy
Michael Bruno
- w3516 November 1990 Municipal Labor Demand in the Presence of Uncertainty: An Econometric Approach
Douglas Holtz-Eakin and Harvey S. Rosen
- w3493 October 1990 Explaining Fiscal Policies and Inflation in Developing Countries
Sebastian Edwards and Guido Tabellini
- w3492 October 1990 The Effect of Veterans Benefits on Veterans' Education and Earnings
Joshua D. Angrist
- w3503 October 1990 Procyclical Labor Productivity and Competing Theories of the Business Cycle: Some Evidence from Interwar U.S. Manufacturing Industries
Ben S. Bernanke and Martin L. Parkinson
- w3501 October 1990 Taxation and the Cost of Capital: The "Old" View, the "New" View and Another View
Hans-Werner Sinn
- w3502 October 1990 Efficient Contracting and Market Power: Evidence from the U.S. Natural Gas Industry
R. Glenn Hubbard and Robert J. Weiner
- w3500 October 1990 Taxes, Tariffs, and The Global Corporation
James Levinsohn and Joel Slemrod
- w3499 October 1990 International Impacts on Domestic Political Economy: A Case of Japanese General Elections
Takatoshi Ito
- w3498 October 1990 New Trading Practices and Short-run Market Efficiency
Kenneth A. Froot and Andre F. Perold
- w3497 October 1990 Capital Flows, Foreign Direct Investment, and Debt-Equity Swaps in Developing Countries
Sebastian Edwards
- w3496 October 1990 The Globalization of Information and Capital Mobility
William H. Branson and Dwight M. Jaffee
- w3495 October 1990 Interest Rate Spreads, Credit Constraints, and Investment Fluctuations: An Empirical Investigation
Mark Gertler, R. Glenn Hubbard, and Anil Kashyap
- w3494 October 1990 Workers' Compensation and Injury Duration: Evidence from a Natural Experiment
Bruce D. Meyer, W. Kip Viscusi, and David L. Durbin
- w3504 October 1990 Where Does the Meteor Shower Come From? The Role of Stochastic Policy Coordination
Takatoshi Ito, Robert F. Engle, and Wen-Ling Lin
- w3462 October 1990 Down and Out in North America: Recent Trends in Poverty Rates in the U.S. and Canada
Maria J. Hanratty and Rebecca M. Blank
- w3458 October 1990 Pensions and Wages: An Hedonic Price Theory Approach
Edward B. Montgomery, Kathryn Shaw, and Mary Ellen Benedict
- w3459 October 1990 A Cross Country Comparison of Seasonal Cycles and Business Cycles
J. Joseph Beaulieu and Jeffrey A. Miron
- w3457 October 1990 International Trade and Investment under Different Rates of Time Preference
Kyoji Fukao and Koichi Hamada
- w3456 October 1990 Monetary Overhang and Reforms in the 1940s
Rudiger Dornbusch and Holger Wolf
- w3466 October 1990 The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk
Lars E.O. Svensson
- w3465 October 1990 Investor Sentiment and the Closed-End Fund Puzzle
Charles Lee, Andrei Shleifer, and Richard Thaler
- w3464 October 1990 Stock Prices and Bond Yields: Can Their Comovements Be Explained in Terms of Present Value Models?
Robert J. Shiller and Andrea E. Beltratti
- w3463 October 1990 Scale and Scope Effects on Advertising Agency Costs
Alvin J. Silk and Ernst R. Berndt
- w3460 October 1990 The Politics of 1992: Fiscal Policy and European Integration
Torsten Persson and Guido Tabellini
- w3461 October 1990 The Special Education Costs of Low Birthweight
Stephen Chaikind and Hope Corman
- w3469 October 1990 Finite Lifetimes and Growth
Larry E. Jones and Rodolfo E. Manuelli
- w3468 October 1990 The Predictability of Real Exchange Rate Changes in the Short and Long Run
Robert E. Cumby and John Huizinga
- w3467 October 1990 Rational Speculative Bubbles in an Exchange Rate Target Zone
Willem H. Buiter and Paolo A. Pesenti
- w3470 October 1990 Exchange Rate Forecasting Techniques, Survey Data, and Implications for the Foreign Exchange Market
Jeffrey A. Frankel and Kenneth Froot
- w3472 October 1990 Wealth Depletion and Life Cycle Consumption by the Elderly
Michael D. Hurd
- w3471 October 1990 Temporal Variation in the Interest-Rate Response to Money Announcements
V. Vance Roley and Simon M. Wheatley
- w3476 October 1990 Welfare and Customs Unions
Carsten Kowalczyk
- w3477 October 1990 Fiscal Paradise: Foreign Tax Havens and American Business
James R. Hines, Jr. and Eric M. Rice
- w3474 October 1990 Labor Supply, Hours Constraints and Job Mobility
Joseph G. Altonji and Christina H. Paxson
- w3475 October 1990 Monopoly and Trade Policy
Carsten Kowalczyk
- w3473 October 1990 Marriage, Motherhood, and Wages
Sanders Korenman and David Neumark
- w3478 October 1990 Political Cycles in OECD Economies
Alberto Alesina and Nouriel Roubini
- w3489 October 1990 Fiscal Policy, Capital Accumulation, and Debt in an Open Economy
Stephen J. Turnovsky and Partha Sen
- w3488 October 1990 The Gold Standard, Deflation, and Financial Crisis in the Great Depression: An International Comparison
Ben Bernanke and Harold James
- w3487 October 1990 The Federal Funds Rate and the Channels of Monetary Transnission
Ben Bernanke
- w3480 October 1990 Learning and the Value of the Firm
Nobuhiro Kiyotaki
- w3479 October 1990 Recursive Linear Models of Dynamic Economies
Lars Peter Hansen and Thomas J. Sargent
- w3481 October 1990 Asset Returns with Transactions Cost and Uninsured Risk: A Stage III Exercise
S. Rao Aiyagari and Mark Gertler
- w3482 October 1990 Search for a Theory of Money
Nobuhiro Kiyotaki and Randall Wright
- w3483 October 1990 Auctions with Endogenous Valuations, The Snowball Effect Revisited
Kala Krishna
- w3486 October 1990 On the Predictive Power of Interest Rates and Interest Rate Spreads
Ben Bernanke
- w3485 October 1990 Trade, Knowledge Spillovers, and Growth
Gene M. Grossman and Elhanan Helpman
- w3484 October 1990 The Success of Acquisitions: Evidence From Disvestitures
Steven Kaplan and Michael S. Weisbach
- h0017 October 1990 Segregated Schools and the Mobility Hypothesis: A Model of Local Government Discrimination
Robert A. Margo
- t0092 October 1990 Testing The Autocorrelation Structure of Disturbances in Ordinary Least Squares and Instrumental Variables Regressions
Robert E. Cumby and John Huizinga
- t0091 October 1990 Testing For Common Features
Robert F. Engle and Sharon Kozicki
- w3491 October 1990 Sectoral Shifts and Cyclical Unemployment Reconsidered
S. Lael Brainard and David M. Cutler
- r1455 October 1990 Sources of Technological Divergence between Developed and Less Developed Economies
Raaj Kumar Sah and Joseph E. Stiglitz
- w3490 October 1990 On the Accuracy of Producer Price Indexes for Pharmaceutical Preparations: An Audit Based on Detailed Firm-Specific Data
Ernst R. Berndt, Zvi Griliches, and Joshua G. Rosett
- w3429 September 1990 Enforcement Costs and the Optimal Magnitude and Probability of Fines
A. Mitchell Polinsky and Steven Shavell
- w3428 September 1990 Medical Malpractice: An Empirical Examination of the Litigation Process
Henry S. Farber and Michelle J. White
- w3432 September 1990 Real Business Cycle Theory: Wisdom or Whimsy?
Martin Eichenbaum
- w3427 September 1990 Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods
John H. Cochrane
- w3438 September 1990 Participation Dynamics: Sunspots and Cycles
Satyajit Chatterjee, Russell Cooper, and B. Ravikumar
- w3448 September 1990 A Sorting Model of Labor Contracts: Implications for Layoffs and Wage-Tenure Profiles
Andrew Weiss and Ruqu Wang
- w3434 September 1990 Tax Policy and the Dividend Puzzle
B. Douglas Bernheim
- w3433 September 1990 Technological Change and the Careers of Older Workers
Ann P. Bartel and Nachum Sicherman
- w3439 September 1990 On The Behavior of Commodity Prices
Angus Deaton and Guy Laroque
- w3431 September 1990 A Theory of Corporate Financial Structure Based on the Seniority of Claims
Oliver Hart and John Moore
- w3435 September 1990 The Role of Banks in Reducing the Costs of Financial Distress in Japan
Takeo Hoshi, Anil Kashyap, and David Scharfstein
- w3430 September 1990 Measuring Ignorance in the Market: A New Method with an Application to Physician Services
Martin Gaynor and Solomon Polachek
- w3441 September 1990 Does Competition Between Currencies Lead to Price Level and Exchange Rate Stability?
Michael Woodford
- w3436 September 1990 Patterns of Aging in Thailand and Cote D'Ivoire
Angus Deaton and Christina H. Paxson
- h0016 September 1990 The Conquest of High Mortality and Hunger in Europe and America: Timing and Mechanisms
Robert William Fogel
- w3440 September 1990 Monetary Contracting Between Central Banks and the Design of SustainableExchange-Rate Zones
Francisco Delgado and Bernard Dumas
- w3437 September 1990 Disability Transfers and the Labor Force Attachment of Older Men: Evidence from the Historical Record
John Bound
- w3452 September 1990 Fundamental Value and Market Value
William C. Brainard, Matthew D. Shapiro, and John B. Shoven
- w3450 September 1990 The Seasonal Cycle in U.S. Manufacturing
J. Joseph Beaulieu and Jeffrey A. Miron
- w3451 September 1990 Do Stationary Risk Premia Explain It All? Evidence from the Term Struct
Martin D. Evans and Karen K. Lewis
- w3455 September 1990 Taxes, Fringe Benefits and Faculty
Daniel S. Hamermesh and Stephen A. Woodbury
- w3443 September 1990 Capital Controls, Collection Costs, and Domestic Public Debt
Joshua Aizenman and Pablo E. Guidotti
- w3453 September 1990 Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared
Robert J. Shiller, Maxim Boycko, and Vladimir Korobov
- w3454 September 1990 The Dynamic Efficiency Cost of Not taxing Housing
Jonathan Skinner
- w3444 September 1990 Employment and Earnings of Disadvantaged Young Men in a Labor Shortage Economy
Richard B. Freeman
- w3442 September 1990 Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods
Robert E. Lipsey, Linda Molinari, and Irving B. Kravis
- w3447 September 1990 Women's Work, Women's Lives: A Comparative Economic Perspective
Francine D. Blau and Marianne A. Ferber
- w3449 September 1990 Human Resource Management Systems and the Performance of U.S. Manufacturing Businesses
Casey Ichniowski
- w3446 September 1990 Assuming The Can Opener: Hedonic Wage Estimates and the Value of Life
William T. Dickens
- w3445 September 1990 Career Plans and Expectations of Young Women and Men: The Earnings Gap and Labor Force Participation
Francine D. Blau
- r1452 September 1990 Implications of Introducing U.S. Withholding Taxes on Foreigners' Interest Income
Lawrence H. Goulder
- r1451 September 1990 How Does Canada Do It? A Comparison of Expenditures for Physicians' Services in the United States and Canada
Victor R. Fuchs and James S. Hahn
- r1448 September 1990 The Policy of Tax-Cut-cum-Base-Broadening: Implications for International Capital Movements
Hans-Werner Sinn
- w3406 August 1990 P* Type Models: Evaluation and Forecasts
R.A. Pecchenino and Robert H. Rasche
- w3407 August 1990 Views on the Likelihood of Financial Crisis
Benjamin M. Friedman
- w3412 August 1990 Foreign Firms and Export Performance in Developing Countries: Lessons from the Debt Crisis
Magnus Blomstrom and Robert E. Lipsey
- w3410 August 1990 Relaxing the External Constraint: Europe in the 1930s
Barry Eichengreen
- w3409 August 1990 Jobfinding and Wages when Longrun Unemployment is Really Long: The Case of Spain
Alfonso Alba-Ramirez and Richard B. Freeman
- w3408 August 1990 The Resurgence of Inventory Research: What Have We Learned?
Alan S. Blinder and Louis J. Maccini
- w3411 August 1990 Trends and Cycles in Foreign Lending
Barry Eichengreen
- w3420 August 1990 Aging and Labor Force Participation: A Review of Trends and Explanations
David A. Wise and Robin L. Lumsdaine
- w3419 August 1990 Economic Growth and Convergence across The United States
Robert J. Barro and Xavier Sala-i-Martin
- w3418 August 1990 Target Zones with Limited Reserves
Paul Krugman and Julio Rotemberg
- w3417 August 1990 An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems
Orley Ashenfelter, Janet Currie, Henry S. Farber, and Matthew Spiegel
- w3416 August 1990 Can Capital Income Taxes Survive in Open Economies?
Roger H. Gordon
- w3415 August 1990 The Continued Interest Rate Vulnerability of Thrifts
Patric H. Hendershott and James D. Shilling
- w3414 August 1990 Human Capital, Fertility, and Economic Growth
Gary S. Becker, Kevin M. Murphy, and Robert F. Tamura
- w3413 August 1990 Human Capital, Product Quality, And Growth
Nancy L. Stokey
- h0015 August 1990 How Long Was the Workday in 1880?
Jeremy Atack and Fred Bateman
- h0014 August 1990 The Competitive Dynamics of Racial Exclusion: Employment Segregation in the South, 1900-1950
Robert A. Margo
- w3426 August 1990 Did J.P. Morgan's Men Add Value? A Historical Perspective on Financial Capitalism
J. Bradford De Long
- w3425 August 1990 Modeling American Marriage Patterns
David E. Bloom and Neil G. Bennett
- w3423 August 1990 Immigrant Participation in the Welfare System
George J. Borjas and Stephen J. Trejo
- w3424 August 1990 Sovereign Debt, Reputation, and Credit Terms
Jonathan Eaton
- w3421 August 1990 Ex-Day Behavior of Japanese Stock Prices: New Insights from New Methodology
Fumio Hayashi and Ravi Jagannathan
- w3422 August 1990 Fertility Timing, Wages, and Human Capital
McKinley L. Blackburn and David E. Bloom
- w3397 July 1990 Why Doesn't Society Minimize Central Bank Secrecy?
Karen K. Lewis
- w3405 July 1990 Tax Aspects of Policy Towards Aging Populations: Canada and the United States
Alan J. Auerbach and Laurence J. Kotlikoff
- w3404 July 1990 U.S. Demographics and Saving: Predictions of Three Saving Models
Alan J. Auerbach, Jinyong Cai, and Laurence J. Kotlikoff
- w3403 July 1990 Precautionary Saving and the Marginal Propensity to Consume
Miles S. Kimball
- w3402 July 1990 The Consumption of Stockholders and Non-Stockholders
N. Gregory Mankiw and Stephen P. Zeldes
- w3401 July 1990 Capital Positions of Japanese Banks
Edward J. Kane, Haluk Unal, and Asli Demirguc-Kunt
- w3400 July 1990 Asymmetric Information and Financial Crises: A Historical Perspective
Frederic S. Mishkin
- w3399 July 1990 Sanctions
Jonathan Eaton and Maxim Engers
- w3398 July 1990 Occasional Interventions to Target Rates with a Foreign Exchange Application
Karen K. Lewis
- r1424 July 1990 Hysteresis in History: Was There Ever a Phillips Curve?
Robert J. Gordon
- w3383 June 1990 Money and Prices in Colonial America: A New Test of Competing Theories
Bennett T. McCallum
- w3382 June 1990 Rules versus Discretion in Trade Policy: An Empirical Analysis
Robert W. Staiger and Guido Tabellini
- w3381 June 1990 Banks in the Market for Liquidity
Peter Garber and Steven Weisbrod
- w3384 June 1990 International Costs and Benefits from EMU
George Alogoskoufis and Richard Portes
- w3385 June 1990 Waiting for Work
George A. Akerlof, Andrew K. Rose, and Janet L. Yellen
- w3388 June 1990 Should The Fed Smooth Interest Rates? The Case of Seasonal Monetary Policy
N. Gregory Mankiw and Jeffrey A. Miron
- w3387 June 1990 Ranking, Unemployment Duration, and Wages
Olivier Jean Blanchard and Peter Diamond
- w3373 June 1990 Moral Hazard in Partnerships
Martin Gaynor and Paul Gertler
- w3375 June 1990 An Alternative View of Tax Incidence Analysis for Developing Countries
Anwar Shah and John Whalley
- w3379 June 1990 Tax Policy Toward Art Museums
Don Fullerton
- w3376 June 1990 Business Cycle Properties of Selected U.S. Economic Time Series, 1959-1988
James H. Stock and Mark W. Watson
- w3377 June 1990 Taxes, Outward Orientation, and Growth Performance in Korea
Irene Trela and John Whalley
- w3374 June 1990 The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data
Lars E.O. Svensson
- w3380 June 1990 Before the Accord: U.S. Monetary-Financial Policy 1945-51
Barry Eichengreen and Peter Garber
- w3386 June 1990 Revenue and Welfare Implications for a Capital Gains Tax Cut
Patric H. Hendershott, Eric Toder, and Yunhi Won
- w3393 June 1990 The Phillips Curve Now and Then
Robert J. Gordon
- w3390 June 1990 How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations
Steven N. Kaplan and Jeremy C. Stein
- w3389 June 1990 Hot Hands in Mutual Funds: The Persistence of Performance, 1974-87
Darryll Hendricks, Jayendu Patel, and Richard Zeckhauser
- w3391 June 1990 The Impact of Permanent and Temporary Import Surcharges on the U.S. Trade Deficit
Barry Eichengreen and Lawrence H. Goulder
- w3394 June 1990 The Simplest Test of Target Zone Credibility
Lars E.O. Svensson
- w3392 June 1990 An Empirical Model of Labor Supply in the Underground Economy
Bernard Fortin, Thomas Lemieux, and Pierre Frechette
- w3395 June 1990 Externalities, Incentives, and Economic Reforms
Joshua Aizenman and Peter Isard
- w3396 June 1990 Interdependent Pricing and Markup Behavior: An Empirical Analysis of GM, Ford and Chrysler
Ernst R. Berndt, Ann F. Friedlaender, and Judy Shaw-Er Wang Chiang
- r1416 June 1990 Understanding Real Business Cycles
Charles I. Plosser
- w3378 June 1990 Price Indexes for Microcomputers: An Exploratory Study
Ernst R. Berndt and Zvi Griliches
- h0013 May 1990 Risk Sharing, Crew Quality, Labor Shares and Wages in the Nineteenth Century American Whaling Industry
Lance E. Davis, Robert E. Gallman, and Teresa D. Hutchins
- w3356 May 1990 A Genral Model of Dynamic Labor Demand
Daniel S. Hamermesh
- w3355 May 1990 Market Power, Economic Profitability and Productivity Growth Measurement: An Integrated Structural Approach
Catherine J. Morrison
- w3354 May 1990 Some Inefficiency Implication of Generational Politics and Exchange
Laurence J. Kotlikoff and Robert W. Rosenthal
- w3353 May 1990 Product Market Competition, Union Organizing Activity, and Employer Resistence
John M. Abowd and Henry S. Farber
- w3347 May 1990 On Uniform Import Tariffs in Developing Countries
Sebastian Edwards
- w3346 May 1990 Labor Market Distortions and Structural Adjustments in Developing Countries
Sebastian Edwards and Alejandra Cox Edwards
- w3349 May 1990 Testing the Positive Theory of Government Finance
David S. Bizer and Steven N. Durlauf
- w3348 May 1990 Does Corporate Performance Improve After Mergers?
Paul M. Healy, Krishna G. Palepu, and Richard C. Rubak
- w3351 May 1990 The NBER Immigration, Trade, and Labor Markets Data Files
John M. Abowd
- w3362 May 1990 Public Finance in Models of Economic Growth
Robert J. Barro and Xavier Sala-i-Martin
- w3361 May 1990 Self-Fulfilling Expectations and Fluctuations in Aggregate Demand
Michael Woodford
- w3360 May 1990 Equilibrium Models of Endogenous Fluctuations: an Introduction
Michael Woodford
- w3359 May 1990 Asymmetric Information and the New Theory of the Firm: Financial Constraints and Risk Behavior
Bruce C. Greenwald and Joseph E. Stiglitz
- w3358 May 1990 Does School Quality Matter? Returns to Education and the Characteristics of Public Schools in the United States
David Card and Alan Krueger
- w3357 May 1990 Volatiltiy and Links Between National Stock Markets
Mervyn King, Enrique Sentana, and Sushil Wadhwani
- w3352 May 1990 The Effects of International Competiton on Collective Bargaining Outcomes: A Comparison of the United States and Canada
John M. Abowd and Thomas Lemieux
- w3364 May 1990 Price Behavior in Japanese and U.S. Manufacturing
Richard C. Marston
- w3363 May 1990 The Provision of Time to the Elderly by Their Children
Axel Borsch-Supan, Jagadeesh Gokhale, Laurence J. Kotlikoff, and John N. Morris
- w3369 May 1990 Efficient Windows and Labor Force Reduction
Robin L. Lumsdaine, James H. Stock, and David A. Wise
- w3367 May 1990 The Gold Standard as a Rule
Michael D. Bordo and Finn E. Kydland
- w3368 May 1990 Forecasting Prices and Excess Returns in the Housing Market
Karl E. Case and Robert J. Shiller
- w3365 May 1990 Fear, Unemployment and Pay Flexibility
David G. Blanchflower
- w3366 May 1990 The Manufacturing Sector Master File: 1959-1987
Bronwyn H. Hall
- w3370 May 1990 The Stock Market, Profit and Investment
Olivier Blanchard, Changyong Rhee, and Lawrence Summers
- w3371 May 1990 The Cost of Capital in Japan: Recent Evidence and Further Results
Albert Ando and Alan J. Auerbach
- w3372 May 1990 Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries
Francesco Giavazzi and Marco Pagano
- t0089 May 1990 Implications of Security Market Data for Models of Dynamic Economies
Lars Peter Hansen and Ravi Jagannathan
- r1401 May 1990 Economic Implications Of Extraordinary Movements In Stock Prices
Benjamin M. Friedman and David I. Laibson
- r1405 May 1990 The Beveridge Curve
Olivier Jean Blanchard and Peter Diamond
- w3350 May 1990 Valuation of Variance Forecast with Simulated Option Markets
Robert F. Engle, Che-Hsiung Hong, and Alex Kane
- w3321 April 1990 The Internationalization of the U.S. Labor Market
John M. Abowd and Richard B. Freeman
- w3320 April 1990 Predicting Exchange Rate Crises: Mexico Revisited
Linda S. Goldberg
- w3319 April 1990 Re-Interpreting the Failure of Foreign Exchange Market Efficiency Tests:Small Transaction Costs, Big Hysteresis Bands
Richard E. Baldwin
- w3313 April 1990 Fiscal Policy and the External Deficit: Siblings, but not Twins
John F. Helliwell
- w3315 April 1990 Tariffs and Sectoral Adjustments in an Open Economy
Stephen J. Turnovsky
- w3314 April 1990 Risk Adjusted Deposit Insurance for Japanese Banks
Ryuzo Sato, Rama V. Ramachandran, and Bohyong Kang
- w3316 April 1990 The Welfare Economics of Moral Hazard
Richard Arnott and Joseph Stiglitz
- w3317 April 1990 World Real Interest Rates
Robert J. Barro and Xavier Sala-i-Martin
- w3318 April 1990 Entry, Contestability, and Deregulated Airline Markets: An Event Study Analysis of People Express
Michael D. Whinston and Scott C. Collins
- w3323 April 1990 Financial Innovation and Current Trends in U.S. Financial Markets
Frederic S. Mishkin
- w3324 April 1990 Do Stock Prices Move Together Too Much?
Robert S. Pindyck and Julio J. Rotemberg
- w3322 April 1990 An Empirical Analysis of Cigarette Addiction
Gary S. Becker, Michael Grossman, and Kevin M. Murphy
- w3338 April 1990 Public Policy and Economic Growth: Developing Neoclassical Implications
Robert G. King and Sergio Rebelo
- w3337 April 1990 The Quality Dimension in Army Retention
Charles Brown
- w3336 April 1990 Wage Levels and Method of Pay
Charles Brown
- w3335 April 1990 Drawing Inferences From Statistics Based on Multi-Year Asset Returns
Matthew Richardson and James H. Stock
- w3334 April 1990 Ownership, Agency and Wages: An Examination in the Fast Food Industry
Alan B. Krueger
- w3333 April 1990 Capital Flight and Tax Competition: Are There Viable Solutions to Both Problems?
Alberto Giovannini and James R. Hines, Jr.
- w3332 April 1990 Systematic Movements in Real Exchange Rates in the G-5: Evidence on theIntegration of Internal and External Markets
Richard C. Marston
- w3331 April 1990 Pensions and the U.S. Labor Market
Alan L. Gustman and Olivia S. Mitchell
- w3330 April 1990 The Output, Employment, and Interest Rate Effects of Government Consumption
S. Rao Aiyagari, Lawrence J. Christiano, and Martin Eichenbaum
- w3329 April 1990 The Welfare Economics of Cooperative and Noncooperative Fiscal Policy
Willem H. Buiter and Kenneth M. Kletzer
- w3328 April 1990 Fiscal Policy Interdependence and Efficiency
Willem H. Buiter and Kenneth M. Kletzer
- w3327 April 1990 Canada - U.S. Free Trade and Pressures for Tax Harmonization
Roger H. Gordon
- w3326 April 1990 The Relation Between Firm Growth and Q with Multiple Capital Goods: Theory and Evidence from Panel Data on Japanese Firms
Fumio Hayashi and Tohru Inoue
- w3325 April 1990 Long Run Policy Analysis and Long Run Growth
Sergio T. Rebelo
- w3340 April 1990 Government Failures in Development
Anne O. Krueger
- w3339 April 1990 Internal Net Worth and the Investment Process: An Application to U.S. Agriculture
R. Glenn Hubbard and Anil Kashyap
- w3345 April 1990 Provision of Child Care: Cost Functions for Profit-Making and Not-for-Profit Day Care Centers
Swati Mukerjee, Ann Dryden Witte, and Sheila Hollowell
- w3344 April 1990 Homework in Macoreconomics I: Basic Theory (Part I of II)
Jess Benhabib, Randall Wright, and Richard Rogerson
- w3343 April 1990 Health, Children, and Elderly Living Arrangements: A Multiperiod-Multinomial Probit Model with Unobserved Heterogeneity and Autocorrelated Errors
Axel Borsch-Supan, Vassilis Hajivassiliou, Laurence J. Kotlikoff, and John N. Morris
- w3341 April 1990 What is National Saving?: Alternative Measures in Historical and International Context
David F. Bradford
- w3342 April 1990 Going Different Ways: Unionism in the U.S. and Other Advanced O.E.C.D. Countries
David G. Blanchflower and Richard B. Freeman
- r1373 April 1990 The Divergence of Black and White Marriage Patterns
Neil G. Bennett, David E. Bloom, and Patricia H. Craig
- r1380 April 1990 New Indexes of Coincident and Leading Economic Indicators
James H. Stock and Mark W. Watson
- w3273 March 1990 The Impact of Tax Reform on Charitable Giving: A 1989 Perspective
Charles T. Clotfelter
- w3275 March 1990 Increasing Returns and Economic Geography
Paul Krugman
- w3276 March 1990 Trade and Uneven Growth
Robert C. Feenstra
- w3274 March 1990 Asymmetries and Rigidities in Wage Adjustments by Firms
Harry J. Holzer and Edward B. Montgomery
- w3284 March 1990 First Mover Advantages, Blockaded Entry, And the Economics of Uneven Development
James R. Markusen
- w3285 March 1990 Does It Matter What We Trade? Trade and Industrial Policies When Labor Markets Don't Clear
William T. Dickens
- w3277 March 1990 Distributing the Gains from Trade With Incomplete Information
Robert Feenstra and Tracy R. Lewis
- w3278 March 1990 Changing Effects of Monetary Policy on Real Economic Activity
Benjamin M. Friedman
- w3279 March 1990 Asset Prices under Habit Formation and Catching up with the Joneses
Andrew B. Abel
- w3280 March 1990 The Effects of Colleges and Universities on Local Labor Markets
Patricia Beeson and Edward B. Montgomery
- w3281 March 1990 Capital Market Integration: Issues of International Taxation
Assaf Razin and Efraim Sadka
- w3282 March 1990 Was There a "Peso Problem" in the U.S. Term Structure of Interest Rates:1979-1982?
Karen K. Lewis
- w3283 March 1990 Endogenous Market Structures in International Trade
Ignatius J. Horstmann and James R. Markusen
- w3290 March 1990 Were Japanese Stock Prices Too High?
Kenneth R. French and James M. Poterba
- w3288 March 1990 Pareto Efficient Tax Structures
Dagobert L. Brito, Jonathan H. Hamilton, Steven M. Slutsky, and Joseph E. Stiglitz
- w3287 March 1990 Debt, Deficits and Inflation: An Application to the Public Finances of India
Willem H. Buiter and Urjit R. Patel
- w3286 March 1990 The Effect of the Medicaid Program on Welfare Participation and Labor Supply
Robert Moffitt and Barbara Wolfe
- w3294 March 1990 Specific Capital, Mobility, and Wages: Wages Rise with Job Seniority
Robert H. Topel
- w3293 March 1990 American Firms Face Europe: 1992
Robert E. Lipsey
- w3292 March 1990 Determinants of Saving and Labor Force Participation of the Elderly in Japan
Tetsuji Yamada, Tadashi Yamada, and Guorn Liu
- w3291 March 1990 Non-Cointegration and Econometric Evaluation of Models of Regional Shift and Share
Scott J. Brown, N. Edward Coulson, and Robert F. Engle
- w3289 March 1990 Randomization in Optimal Income Tax Schedules
Dagobert L. Brito, Jonathan H. Hamilton, Steven M. Slutsky, and Joseph E. Stiglitz
- w3295 March 1990 Inventories and the Short-Run Dynamics of Commodity Prices
Robert S. Pindyck
- t0087 March 1990 Simulated Moments Estimation of Markov Models of Asset Prices
Darrell Duffie and Kenneth J. Singleton
- w3299 March 1990 Does Foreign Exchange Intervention Matter? Disentangling the Portfolio and Expectations Effects for the Mark
Kathryn M. Dominguez and Jeffrey Frankel
- w3298 March 1990 Investment Tax Credit in an Open Economy
Partha Sen and Stephen J. Turnovsky
- w3297 March 1990 Predictable Stock Returns: Reality or Statistical Illusion?
Charles R. Nelson and Myung J. Kim
- w3296 March 1990 Stock Returns and Real Activity: A Century of Evidence
G. William Schwert
- w3304 March 1990 The International Comparison Program: Current Status and Problems
Irving B. Kravis and Robert E. Lipsey
- w3301 March 1990 Patent Statistics as Economic Indicators: A Survey
Zvi Griliches
- w3302 March 1990 From Stabilization to Growth
Rudiger Dornbusch
- w3300 March 1990 Premature Liberalization, Incomplete Stabilization: the Ozal Decade in Turkey
Dani Rodrik
- w3311 March 1990 Risk and Return on Real Estate: Evidence from Equity REITs
K.C. Chan, Patric H. Hendershott, and Anthony B. Sanders
- w3312 March 1990 Does Labor Supply Explain Fluctuations in Average Hours Worked?
Joshua D. Angrist
- w3310 March 1990 Tenure Choice of American Youth
Donald R. Haurin, Patric H. Hendershott, and Dongwook Kim
- w3308 March 1990 Incentive Conflict in the International Regulatory Agreement on Risk-Based Analysis
Edward J. Kane
- w3309 March 1990 Real Rents and Household Formation: The Effect of the 1986 Tax Reform Act
Donald R. Haurin, Patric H. Hendershott, and Dongwook Kim
- w3305 March 1990 Measuring the Persistence of Expected Returns
John Y. Campbell
- w3306 March 1990 Is the Japanese Distribution System Really Inefficient?
Takatoshi Ito and Masayoshi Maruyama
- w3307 March 1990 Irreversibility, Uncertainty, and Investment
Robert S. Pindyck
- w3303 March 1990 Do Publicly Traded Corporations Act in the Public Interest?
Roger H. Gordon
- t0062 March 1990 Consistent Covariance Matrix Estimation with Cross-Sectional Dependence and Heteroskedasticity in Cross-Sectional Financial Data
Kenneth A. Froot
- w3267 February 1990 Men, Women, and Addiction: The Case of Cigarette Smoking
Frank J. Chaloupka
- w3268 February 1990 Rational Addictive Behavior and Cigarette Smoking
Frank J. Chaloupka
- w3272 February 1990 A Positive Theory of Social Security
Guido Tabellini
- w3269 February 1990 Why is Trade Reform so Unpopular? On Status Quo Bias in Policy Reforms
Raquel Fernandez and Dani Rodrik
- w3270 February 1990 Taxation and Housing Markets: Preliminary Evidence on the Effects of Recent Tax Reforms
James M. Poterba
- w3271 February 1990 Are Nonconvexities Important For Understanding Growth?
Paul Romer
- w3265 February 1990 Dynamic Optimal Income Taxation with Government Commitment
Dagobert L. Brito, Jonathan H. Hamilton, Steven M. Slutsky, and Joseph E. Stiglitz
- w3266 February 1990 Implications of Corporate Indebtedness for Monetary Policy
Benjamin M. Friedman
- w3264 February 1990 Macroeconomic Convergence: International Transmission of Growth and Technical Progress
John F. Helliwell and Alan Chung
- w3263 February 1990 Can Direct and Indirect Taxes Be Added for International Comparisons of Competitiveness?
Hans-Werner Sinn
- w3256 February 1990 A Quick Refresher Course in Macroeconomics
N. Gregory Mankiw
- w3257 February 1990 The Impact of the 1986 Tax Reform Act on Personal Saving
Jonathan Skinner and Daniel Feenberg
- w3254 February 1990 The Effect of Domestic Antidumping Law in the Presence of Foreign Monopoly
Robert W. Staiger and Frank A. Wolak
- w3253 February 1990 Workers' Compensation Insurance and the Duration of Workplace Injuries
Alan B. Krueger
- w3252 February 1990 What Makes an Entrepreneur? Evidence on Inheritance and Capital Constraints
David Blanchflower and Andrew J. Oswald
- w3251 February 1990 Unemployment and the Demand for Unions
David G. Blanchflower, Robert Crouchley, Saul Estrin, and Andrew Oswald
- w3250 February 1990 Herd on the Street: Informational Inefficiencies in a Market with Short-Term Speculation
Kenneth A. Froot, David S. Scharfstein, and Jeremy C. Stein
- w3259 February 1990 The Informational Content of Initial Public Offerings
Ian Gale and Joseph Stiglitz
- w3260 February 1990 The Effects of Mandating Benefits Packages
Olivia S. Mitchell
- w3261 February 1990 Product Innovations, Price Indices and the (Mis)Measurement of Economic Performance
Manuel Trajtenberg
- w3262 February 1990 Pay, Performance, and Turnover of Bank CEOs
Jason R. Barro and Robert J. Barro
- w3255 February 1990 Federal Taxation and the Supply of State Debt
Gilbert Metcalf
- w3258 February 1990 Designing Policies to Open Trade
Robert C. Feenstra, Tracy R. Lewis, and John McMillan
- w3222 January 1990 Effects of the Tax Reform Act of 1986 on Corporate Financial Policy and Organizational Form
Roger H. Gordon and Jeffrey K. MacKie-Mason
- w3230 January 1990 Making Altruism Pay in Auction Quotas
Kala Krishna
- w3234 January 1990 The Impact of the Tax Reform Act of 1986 on Foreign Direct Investment to and from the United States
Joel Slemrod
- w3233 January 1990 Are OSHA Health Inspections Effective? A Longitudinal Study in the Manufacturing Sector
Wayne B. Gray and Carol Adaire Jones
- w3231 January 1990 Industrial De-Diversification and its Consequences for Productivity
Frank R. Lichtenberg
- w3232 January 1990 A Note on Optimal Fines When Wealth Varies Among Individuals
A. Mitchell Polinsky and Steven Shavell
- w3229 January 1990 Aggregate Employment Dynamcis and Lumpy Adjustment Costs
Daniel S. Hamermesh
- w3228 January 1990 Competition and Human Capital Accumulation: A Theory of Interregional Specialization and Trade
Julio J. Rotemberg and Garth Saloner
- w3227 January 1990 An Estimate of a Sectoral Model of Labor Mobility
Boyan Jovanovic and Robert Moffitt
- w3226 January 1990 Joint Crowdout: An Empirical Study of the Impact of Federal Grants on State Government Expenditures and Charitable Donations
Lawrence B. Lindsey and Richard Steinberg
- w3225 January 1990 The Vanishing Harberger Triangle
Hans-Werner Sinn
- w3224 January 1990 Why Does High Inflation Raise Inflation Uncertainty?
Laurence Ball
- w3223 January 1990 A Model of Growth Through Creative Destruction
Philippe Aghion and Peter Howitt
- w3219 January 1990 The Non-Neutrality of Inflation for International Capital Movements
Hans-Werner Sinn
- w3221 January 1990 Money and Business Cycles: A Real Business Cycle Interpretation
Charles I. Plosser
- w3220 January 1990 Participation in a Currency Union
Alessandra Casella
- w3238 January 1990 A North-South Model of Taxation and Capital Flow
Joel Slemrod
- w3237 January 1990 The Tax Elasticity of Capital Gains Realizations: Evidence from a Panel of Taxpayers
Joel Slemrod and William Shobe
- w3235 January 1990 The Sensitivity of Strategic and Corrective R&D Policy in Battles for Monopoly
Kyle Bagwell and Robert W. Staiger
- w3236 January 1990 The Sensitivity of Strategic and Corrective R&D Policy in Oligopolistic Industries
Robert W. Staiger and Kyle Bagwell
- w3241 January 1990 A Convex Model of Equilibrium Growth
Larry E. Jones and Rodolfo Manuelli
- w3240 January 1990 Reviving the Federal Statistical System: International Aspects
Robert E. Lipsey
- w3239 January 1990 Faculty Turnover at American Colleges and Universities: Analysis of AAUP Data
Ronald G. Ehrenberg, Hirschel Kasper, and Daniel I. Rees
- w3242 January 1990 Speculative Dynamics
David M. Cutler, James M. Poterba, and Lawrence H. Summers
- w3244 January 1990 Export Restraints With Imperfect Competition: A Selective Survey
Kala Krishna
- w3245 January 1990 A Modern Look At Asset Pricing and Short-Term Interest Rates
Martin D. Evans and Paul Wachtel
- w3247 January 1990 Short Rates and Expected Asset Returns
Kenneth A. Froot
- w3246 January 1990 A Variance Decomposition for Stock Returns
John Y. Campbell
- w3243 January 1990 Speculative Dynamics and the Role of Feedback Traders
David M. Cutler, James M. Poterba, and Lawrence H. Summers
- w3249 January 1990 Nominal Exchange Rate Patterns: Correlationswith Entry, Exit, and Invesment in U.S. Industry
Linda S. Goldberg
- w3248 January 1990 Tax Harmonization and Tax Competition in Europe
Hans-Werner Sinn
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