Papers Issued in 1997
- w6296 December 1997 The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature
Jean O. Lanjouw and Josh Lerner
- w6297 December 1997 Stylized Facts of Patent Litigation: Value, Scope and Ownership
Jean O. Lanjouw and Mark Schankerman
- w6298 December 1997 Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)
Christopher D. Carroll
- w6301 December 1997 Predation, Efficiency, and Inequality
Herschel I. Grossman and Minseong Kim
- w6299 December 1997 band Labor Demand: Evidence from the South Coast Air Basin
Eli Berman and Linda T. Bui
- w6300 December 1997 A Model of Crises in Emerging Markets
Michael P. Dooley
- h0106 December 1997 Historical Perspectives on the Economic Consequences of Immigration into the United States
Susan B. Carter and Richard Sutch
- w6303 December 1997 The Effect of Means-Tested Income Support for the Elderly on Pre-Retirement Saving: Evidence from the SSI Program in the U.S.
David Neumark and Elizabeth Powers
- w6302 December 1997 Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century
Alan M. Taylor
- w6304 December 1997 Patent Buy-Outs: A Mechanism for Encouraging Innovation
Michael Kremer
- w6305 December 1997 Are Public Housing Projects Good for Kids?
Janet Currie and Aaron Yelowitz
- w6306 December 1997 Central Bank Policy Rules: Conceptual Issues and Practical Considerations
Stephen G. Cecchetti
- w6314 December 1997 NIMBY Taxes Matter: State Taxes and Interstate Hazardous Waste Shipments
Arik Levinson
- w6307 December 1997 Welfare and Macroeconomic Interdependence
Giancarlo Corsetti and Paolo Pesenti
- w6308 December 1997 Social Security and Retirement in Canada
Jonathan Gruber
- w6309 December 1997 Corporate Governance
Luigi Zingales
- w6310 December 1997 Sharp Reductions in Current Account Deficits: An Empirical Analyis
Gian Maria Milesi-Ferrett and Assaf Razin
- w6312 December 1997 Foreign Speculators and Emerging Equity Markets
Geert Bekaert and Campbell R. Harvey
- w6311 December 1997 Managing the Public Debt in Fiscal Stabilizations: The Evidence
Alessandro Missale, Francesco Giavazzi, and Pierpaolo Benigno
- w6315 December 1997 Inventories
Valerie A. Ramey and Kenneth D. West
- w6320 December 1997 Volatility and Financial Intermediation
Joshua Aizenman and Andrew Powell
- w6317 December 1997 Myopia and Inconsistency in the Neoclassical Growth Model
Robert J. Barro
- w6316 December 1997 After Chile, What? Second-Round Pension Reforms in Latin America
Olivia S. Mitchell and Flavio Ataliba Barreto
- w6318 December 1997 Unions and Managerial Pay
John DiNardo, Kevin Hallock, and Jorn-Steffen Pischke
- w6321 December 1997 Market Forces and Sex Discrimination
Judith K. Hellerstein, David Neumark, and Kenneth R. Troske
- w6322 December 1997 Regions, Resources, and Economic Geography: Sources of U.S. Regional Comparative Advantage, 1880-1987
Sukkoo Kim
- w6325 December 1997 The Central Tendency: A Second Factor in Bond Yields
Pierluigi Balduzzi, Sanjiv Ranjan Das, and Silverio Foresi
- w6326 December 1997 Pecuniary Incentives to Work in the U.S. during World War II
Casey B. Mulligan
- w6327 December 1997 Whither the World Bank and the IMF?
Anne O. Krueger
- w6324 December 1997 A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets
Harrison Hong and Jeremy C. Stein
- w6323 December 1997 How the Changing Market Structure of U.S. Higher Education Explains College Tuition
Caroline M. Hoxby
- w6328 December 1997 The Determinants of Child Care Workers' Wages and Compensation: Sectoral Differences, Human Capital, Race, Insiders and Outsiders
H. Naci Mocan and Deborah Viola
- w6329 December 1997 Political Economics and Macroeconomic Policy
Torsten Persson and Guido Tabellini
- w6330 December 1997 Has Job Stability Declined Yet? New Evidence for the 1990's
David Neumark, Daniel Polsky, and Daniel Hansen
- w6333 December 1997 What Happens When You Tax the Rich? Evidence from Executive Compensation
Austan Goolsbee
- w6332 December 1997 Hong Kong's Business Regulation in Transition
Changqi Wu and Leonard K. Cheng
- w6331 December 1997 The Careers of Modern Artists: Evidence from Auctions of Contemporary Paintings
David W. Galenson
- w6334 December 1997 The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?
Sebastian Edwards
- w6336 December 1997 A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms
Andres Velasco
- w6337 December 1997 The Estate Tax and After-Tax Investment Returns
James Poterba
- w6335 December 1997 Economic Integration and Convergence: U.S. Regions, 1840-1987
Sukkoo Kim
- w6338 December 1997 Channeling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment
Assaf Razin, Efraim Sadka, and Chi-Wa Yuen
- w6343 December 1997 What Causes Public Assistance Caseloads to Grow?
Rebecca M. Blank
- w6342 December 1997 Estimating Adjustment Costs with Data on Heterogeneous Capital Goods
Austan Goolsbee and David B. Gross
- w6339 December 1997 Quantitative Implications of the Home Bias: Foreign Underinvestment, Domestic Oversaving, and Corrective Taxation
Assaf Razin, Efraim Sadka, and Chi-Wa Yuen
- w6341 December 1997 Electoral Institutions, Cabinet Negotiations, and Budget Deficits in the European Union
Mark Hallerberg and Jurgen von Hagen
- w6345 December 1997 Inter vivos Transfers and Intended Bequests
Kathleen McGarry
- w6344 December 1997 Foreign Direct Investment, Trade and Real Exchange Rate Linkages in Developing Countries.
Linda S. Goldberg and Michael W. Klein
- w6250 November 1997 Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model
Dimitris Bertsimas, Leonid Kogan, and Andrew W. Lo
- w6254 November 1997 Monetary Policy Rules in Practice: Some International Evidence
Richard Clarida, Jordi Gali, and Mark Gertler
- h0105 November 1997 Operations of "Unfettered" Labor Markets at the Turn of the Century
Price V. Fishback
- w6251 November 1997 On the Superiority of Corrective Taxes to Quantity Regulation
Louis Kaplow and Steven Shavell
- w6252 November 1997 I Just Ran Four Million Regressions
Xavier X. Sala-i-Martin
- w6253 November 1997 Technology and Bilateral Trade
Jonathan Eaton and Samuel Kortum
- w6255 November 1997 Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills
Shang-Jin Wei
- w6259 November 1997 On the Disutility and Discounting of Imprisonment and the Theory of Deterrence
A. Mitchell Polinsky and Steven Shavell
- w6260 November 1997 Taxation by Telecommunications Regulation
Jerry Hausman
- w6258 November 1997 Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?
Olivier Jeanne
- w6257 November 1997 Econometric Models of Limit-Order Executions
Andrew W. Lo, A. Craig MacKinlay, and June Zhang
- w6256 November 1997 The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise?
Shang-Jin Wei and Jungshik Kim
- w6267 November 1997 Convergence Clubs and Subsistence Economies
Dan Ben-David
- w6266 November 1997 Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries
Dan Ben-David and David H. Papell
- w6264 November 1997 Aggregate Investment
Ricardo J. Caballero
- w6265 November 1997 Does Immigration Hurt African-American Self-Employment?
Robert W. Fairlie and Bruce D. Meyer
- w6262 November 1997 International Trade and Labor-Demand Elasticities
Matthew J. Slaughter
- w6261 November 1997 The Role of Discretion in the Criminal Justice System
Daniel P. Kessler and Anne Morrison Piehl
- w6274 November 1997 Power in a Theory of the Firm
Raghuram G. Rajan and Luigi Zingales
- w6275 November 1997 Job Destruction and Propagation of Shocks
Wouter J. den Haan, Garey Ramey, and Joel Watson
- w6273 November 1997 Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry
Luigi Zingales
- w6272 November 1997 Exceptional Exporter Performance: Cause, Effect, or Both?
Andrew B. Bernard and J. Bradford Jensen
- w6271 November 1997 Learning in Cities
Edward Glaeser
- w6270 November 1997 Geographic Concentration as a Dynamic Process
Guy Dumais, Glenn Ellison, and Edward Glaeser
- w6269 November 1997 Strategic Bidding in a Multi-Unit Auction: An Empirical Analysis of Bids to Supply Electricity
Catherine D. Wolfram
- w6268 November 1997 Demographic Transitions and Economic Miracles in Emerging Asia
David E. Bloom and Jeffrey G. Williamson
- w6279 November 1997 Employer Learning and Statistical Discrimination
Joseph G. Altonji and Charles R. Pierret
- w6278 November 1997 A New Bankruptcy Procedure that Uses Multiple Auctions
Oliver Hart, Rafael La Porta Drago, Florencio Lopez-de-Silane, and John Moore
- w6277 November 1997 Avoiding Health Insurance Crowd-Out: Evidence from the Medicare as Secondary Payer Legislation
Sherry Glied and Mark Stabile
- w6276 November 1997 Graduation to Health Insurance Coverage: 1981-1996
Sherry Glied and Mark Stabile
- w6281 November 1997 The Redistributive Effects of Transfers
Keshab Bhattarai and John Whalley
- w6280 November 1997 Discreteness and the Welfare Cost of Labor Supply Tax Distortions
Keshab Bhattarai and John Whalley
- w6292 November 1997 Transition Issues for the European Monetary Union
Willem H. Buiter and Anne C. Sibert
- w6289 November 1997 "Make Us a King": Anarchy, Predation, and the State
Herschel I. Grossman
- w6282 November 1997 Apocalypse Now? Fundamental Tax Reform and Residential Housing Values
Donald Bruce and Douglas Holtz-Eakin
- w6284 November 1997 The Upcoming Slowdown in U.S. Economic Growth
Charles I. Jones
- w6285 November 1997 Population and Ideas: A Theory of Endogenous Growth
Charles I. Jones
- w6286 November 1997 Debts and Deficits with Fragmented Fiscal Policymaking
Andres Velasco
- w6287 November 1997 The Market and the Estimators: Forecasting the Cost of Medicare Catastrophic Coverage
Sherry Glied and Tama Brooks
- w6288 November 1997 The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937
Joshua L. Rosenbloom and William A. Sundstrom
- w6290 November 1997 The Past, Present, and Future of Macroeconomic Forecasting
Francis X. Diebold
- w6291 November 1997 The Alleged Instability of Nominal Income Targeting
Bennett T. McCallum
- w6293 November 1997 The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry
Severin Borenstein, James Bushnell, and Steven Stoft
- w6294 November 1997 Market Access and Welfare Effects of Piecemeal Policy Reform
Jiandong Ju and Kala Krishna
- w6205 October 1997 Foreign Direct Investment and Employment: Home Country Experience in the United States and Sweden
Magnus Blomstrom, Gunnar Fors, and Robert E. Lipsey
- w6206 October 1997 Trends in the Well-Being of American Women, 1970-1995
Francine D. Blau
- t0215 October 1997 Evaluating Density Forecasts
Francis X. Diebold, Todd A. Gunther, and Anthony S. Tay
- w6211 October 1997 Free Trade vs. Strategic Trade: A Peek into Pandora's Box
Gene M. Grossman and Giovanni Maggi
- w6210 October 1997 Financial Constraints and Stock Returns
Owen Lamont, Christopher Polk, and Jesus Saa-Requejo
- w6209 October 1997 Immigrants and Natives in General Equilibrium Trade Models
Daniel Trefler
- w6208 October 1997 Trends in Male Labor Force Participation And Retirement: Some Evidence On The Role Of Pensions And Social Security In The 1970's And 1980's
Patricia M. Anderson, Alan L. Gustman, and Thomas L. Steinmeier
- t0216 October 1997 Horizon Length and Portfolio Risk
Christian Gollier and Richard J. Zeckhauser
- w6212 October 1997 Young and Out in Germany: On the Youths' Chances of Labor Market Entrance in Germany
Wolfgang Franz, Joachim Inkmann, Winfried Pohlmeier, and Volker Zimmermann
- h0104 October 1997 The American Business Elite in Historical Perspective
Peter Temin
- w6222 October 1997 Option Hedging Using Empirical Pricing Kernels
Joshua V. Rosenberg and Robert F. Engle
- w6216 October 1997 Trade and Environment: Bargaining Outcomes from Linked Negotiations
Lisandro Abrego, Carlo Perroni, John Whalley, and Randall M. Wigle
- w6225 October 1997 Consumption vs. Production of Insurance
Tomas Philipson and George Zanjani
- w6218 October 1997 Gradual Incorporation of Information into Stock Prices: Empirical Strategies
Sara Fisher Ellison and Wallace P. Mullin
- w6213 October 1997 Are CEOs Really Paid Like Bureaucrats?
Brian J. Hall and Jeffrey B. Liebman
- w6215 October 1997 The Benefits of Privatization: Evidence from Mexico
Rafael La Porta and Florencio Lopez-de-Silane
- w6214 October 1997 Social Security and Retirement in France
Didier Blanchet and Louis-Paul Pele
- w6219 October 1997 Discount Rate Heterogeneity and Social Security Reform
Andrew A. Samwick
- w6220 October 1997 The Misallocation of Housing Under Rent Control
Edward L. Glaeser and Erzo F. P. Luttmer
- w6221 October 1997 Jobless Growth: Appropriability, Factor Substitution, and Unemployment
Ricardo J. Caballero and Mohamad L. Hammour
- w6226 October 1997 The Surprising Symmetry of Gross Job Flows
Christopher L. Foote
- w6227 October 1997 What Accounts for the Variation in Retirement Wealth Among U.S. Households?
B. Douglas Bernheim, Jonathan Skinner, and Steven Weinberg
- w6228 October 1997 Evaluating Density Forecasts of Inflation: The Survey of Professional Forecasters
Francis X. Diebold, Anthony S. Tay, and Kenneth F. Wallis
- t0217 October 1997 Cointegration and Long-Horizon Forecasting
Peter F. Christoffersen and Francis X. Diebold
- w6223 October 1997 Trade and Security,I: Anarchy
James E. Anderson and Douglas Marcouiller
- w6224 October 1997 Both Sides of Corporate Diversification: The Value Impacts of Geographic and Industrial Diversification
Gordon M. Bodnar, Charles Tang, and Joseph Weintrop
- w6230 October 1997 Business Cycles Observed and Assessed: Why and How They Matter
Victor Zarnowitz
- w6235 October 1997 Firm-level Evidence on Productivity Differentials, Turnover, and Exports in Taiwanese Manufacturing
Bee Yan Aw, Xiaomin Chen, and Mark J. Roberts
- w6237 October 1997 State Fiscal Institutions and the U.S. Municipal Bond Market
James M. Poterba and Kim S. Rueben
- w6229 October 1997 The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal for a Partial Transition to a Funded System
Hans-Werner Sinn
- w6231 October 1997 Trade versus Investment Liberalization
James R. Markusen
- w6232 October 1997 Liberalization and Incentives for Labor Migration: Theory with Applications to NAFTA
James R. Markusen and Stephen Zahniser
- t0218 October 1997 Algorithms for Solving Dynamic Models with Occasionally Binding Constraints
Lawrence J. Christiano and Jonas D.M. Fisher
- w6236 October 1997 Finance and Development in an Emerging Market: Argentina and the Interwar Period
Gerardo della Paolera and Alan M. Taylor
- w6234 October 1997 The Determinants and Implications of Corporate Cash Holdings
Tim Opler, Lee Pinkowitz, Rene Stulz, and Rohan Williamson
- w6238 October 1997 Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation
Jun-Koo Kang and Rene M. Stulz
- w6244 October 1997 Growth, Distribution and Demography: Some Lessons from History
Jeffrey G. Williamson
- w6243 October 1997 International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
John M. Griffin and Rene M. Stulz
- w6242 October 1997 Impact of a Managed Behavioral Health Care Carve-Out: A Case Study of One HMO
Anne E. Brisson, Richard G. Frank, Elizabeth S. Notman, and Julie A. Gazmararian
- w6241 October 1997 Foreign Direct Investment as a Catalyst for Industrial Development
James R. Markusen and Anthony J. Venables
- w6239 October 1997 Higher Tariffs, Lower Revenues? Analyzing the Fiscal Aspects of the "Great Tariff Debate of 1888"
Douglas A. Irwin
- w6240 October 1997 Projected Retirement Wealth and Savings Adequacy in the Health and Retirement Study
James F. Moore and Olivia S. Mitchell
- w6245 October 1997 Consumer Beliefs and Buyer and Seller Behavior in the Vehicle Inspection Market
Thomas N. Hubbard
- w6249 October 1997 Persistence of Medicare Expenditures Among Elderly Beneficiaries
Alan M. Garber, Thomas E. MaCurdy, and Mark B. McClellan
- w6248 October 1997 Simulating U.S. Tax Reform
David Altig, Alan J. Auerbach, Laurence J. Kotlikoff, Kent A. Smetters, and Jan Walliser
- w6247 October 1997 Capital Mobility and Exchange Market Intervention in Developing Countries
Michael P. Dooley, Donald J. Mathieson, and Liliana Rojas-Suarez
- w6246 October 1997 Explaining National Differences in the Size and Industry Distribution of Employment
Steven J. Davis and Magnus Henrekson
- w6157 September 1997 Inflation Forecasts and Monetary Policy
Ben S. Bernanke and Michael Woodford
- w6156 September 1997 Social Security and Retirement in Japan
Takashi Oshio and Naohiro Yashiro
- w6155 September 1997 Social Security and Retirement in Italy
Agar Brugiavini
- w6161 September 1997 Does Favorable Tax-Treatment of Housing Reduce Equipment Investment?
Ben Broadbent and Michael Kremer
- w6160 September 1997 Effects of Air Quality Regulation on in Polluting Industries
Randy Becker and Vernon Henderson
- w6159 September 1997 Beyond Balanced Growth
Piyabha Kongsamut, Sergio Rebelo, and Danyang Xie
- w6158 September 1997 Optimal Risk Management Using Options
Dong-Hyun Ahn, Jacob Boudoukh, Matthew Richardson, and Robert F. Whitelaw
- w6165 September 1997 Mexico's 1994 Exchange Rate Crisis Interpreted in Light of the Non-Traded Model
Andrew M. Warner
- w6163 September 1997 Economic Integration and Political Disintegration
Alberto Alesina, Enrico Spolaore, and Romain Wacziarg
- w6162 September 1997 Is Real Exchange Rate Mean Reversion Caused By Arbitrage?
Jose M. Campa and Holger C. Wolf
- w6164 September 1997 Selection, Marketing, and Medicaid Managed Care
Sherry Glied, Jane Sisk, Sheila Gorman, and Michael Ganz
- w6172 September 1997 The Main Bank System and Corporate Investment: An Empirical Reassessment
Fumio Hayashi
- w6173 September 1997 Taxes, Organizational Form, and the Deadweight Loss of the Corporate Income Tax
Austan Goolsbee
- w6169 September 1997 Social Security and Retirement in Belgium
Pierre Pestieau and Jean-Philippe Stijns
- w6170 September 1997 Price Stability vs. Low Inflation in Germany: An Analysis of Costs and Benefits
Karl-Heinz Todter and Gerhard Ziebarth
- w6168 September 1997 What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
Sergio Rebelo
- w6167 September 1997 The Transition in East Germany: When is a Ten Point Fall in the Gender Wage Gap Bad News?
Jennifer Hunt
- w6175 September 1997 Ethnicity and the Intergenerational Transmission of Welfare Dependency
George J. Borjas and Glenn T. Sueyoshi
- w6180 September 1997 Geographical and Sectoral Shocks in the U.S. Business Cycle
Atish R. Ghosh and Holger C. Wolf
- w6178 September 1997 Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities
Olivia S. Mitchell and James F. Moore
- w6166 September 1997 Implications of Skill-Biased Technological Change: International Evidence
Eli Berman, John Bound, and Stephen Machin
- w6183 September 1997 Efficient Inflation Estimation
Michael F. Bryan, Stephen G. Cecchetti, and Rodney L. Wiggins II
- w6181 September 1997 Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs
James E. Anderson
- w6182 September 1997 Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs
Ernst R. Berndt, Iain M. Cockburn, Douglas L. Cocks, Arnold Epstein, and Zvi Griliches
- w6176 September 1997 To Ghetto or Not to Ghetto: Ethnicity and Residential Segregation
George J. Borjas
- w6174 September 1997 Real Exchange Rate Misalignments and Growth
Ofair Razin and Susan M. Collins
- w6177 September 1997 Implicit Contracts and the Theory of the Firm
George Baker, Robert Gibbons, and Kevin J. Murphy
- w6179 September 1997 Implied Exchange Rate Distributions: Evidence from OTC Option Markets
Jose M. Campa, P.H. Kevin Chang, and Robert L. Reider
- w6188 September 1997 Doing Without Money: Controlling Inflation in a Post-Monetary World
Michael Woodford
- w6185 September 1997 Household Portfolio Allocation Over the Life Cycle
James M. Poterba and Andrew A. Samwick
- w6184 September 1997 Procompetitive Market Access
Kala Krishna, Suddhasatwa Roy, and Marie Thursby
- w6193 September 1997 The Predictive Validity of Subjective Probabilities of Survival
Michael D. Hurd and Kathleen McGarry
- w6192 September 1997 Investment Tax Incentives, Prices, and the Supply of Capital Goods
Austan Goolsbee
- w6191 September 1997 Juvenile Crime and Punishment
Steven D. Levitt
- w6190 September 1997 Entry Decisions in the Generic Pharmaceutical Industry
Fiona M. Scott Morton
- w6189 September 1997 Capital Income Taxation and Risk-Taking in a Small Open Economy
Patrick K. Asea and Stephen J. Turnovsky
- w6186 September 1997 Anonymous Market and Group Ties in International Trade
Alessandra Casella and James E. Rauch
- w6194 September 1997 Adverse Selection in Durable Goods Markets
Igal Hendel and Alessandro Lizzeri
- w6197 September 1997 Optimal Management of Indexed and Nominal Debt
Robert J. Barro
- w6195 September 1997 Immigration and the Quality of Jobs
Daniel S. Hamermesh
- w6198 September 1997 Schooling Quality in a Cross Section of Countries
Jong-Wha Lee and Robert J. Barro
- w6196 September 1997 Restraining the Leviathan: Property Tax Limitation in Massachusetts
David M. Cutler, Douglas W. Elmendorf, and Richard J. Zeckhauser
- w6199 September 1997 Environmental Taxes and the Double-Dividend Hypothesis: Did You Really Expect Something for Nothing?
Don Fullerton and Gilbert E. Metcalf
- w6200 September 1997 Capital Income Taxes and the Benefit of Price Stability
Martin Feldstein
- w6202 September 1997 Chinese Rural Industrial Productivity and Urban Spillovers
Yusheng Peng, Lynne G. Zucker, and Michael R. Darby
- w6201 September 1997 Monetary Policy Regimes and Economic Performance: The Historical Record
Michael D. Bordo and Anna J. Schwartz
- w6204 September 1997 Stronger Protection or Technological Revolution: What is Behind the Recent Surge in Patenting?
Samuel Kortum and Josh Lerner
- w6203 September 1997 Vertical Multinationals and Host-Country Characteristics
Kevin H. Zhang and James R. Markusen
- w6187 September 1997 Managed Care and Health Care Expenditures: Evidence From Medicare
Laurence C. Baker and Sharmila Shankarkumar
- w6171 September 1997 Pensions and the Distribution of Wealth
Kathleen McGarry and Andrew Davenport
- w6120 August 1997 How to Compete: The Impact of Workplace Practices and Information Technology on Productivity
Sandra E. Black and Lisa M. Lynch
- w6119 August 1997 Quantifying the Current U.S. Fiscal Imbalance
Alan J. Auerbach
- w6121 August 1997 Estimation of Cross-Country Differences in Industry
James Harrigan
- w6131 August 1997 Openness, Specialization, and Productivity Growth in Less Developed Countries
Diana Weinhold and James Rauch
- w6128 August 1997 Specification Analysis of Affine Term Structure Models
Qiang Dai and Kenneth J. Singleton
- w6127 August 1997 Do Minimum Wages Fight Poverty?
David Neumark and William Wascher
- w6125 August 1997 The Effect of U.S. Supreme Court Ruling Sullivan v. Zebley on Child SSI and AFDC Enrollment
A. Bowen Garrett and Sherry Glied
- w6124 August 1997 Dynamic Modeling of the Product Life Cycle in the Commercial Mainframe Computer Market, 1968-1982
Shane M. Greenstein and James B. Wade
- w6123 August 1997 Controlled Openness and Foreign Direct Investment
Joshua Aizenman and Sang-Seung Yi
- w6133 August 1997 Human Capital, Unemployment, and Relative Wages in a Global Economy
Donald R. Davis and Trevor A. Reeve
- w6132 August 1997 Cohort Patterns in Canadian Earnings: Assessing the Role of Skill Premia in Inequality Trends
Paul Beaudry and David Green
- w6129 August 1997 Measuring, Forecasting and Explaining Time Varying Liquidity in the Stock Market
Robert F. Engle and Joe Lange
- w6135 August 1997 Social Security and Retirement in The Netherlands
Arie Kapteyn and Klaas de Vos
- w6134 August 1997 Social Security Programs and Retirement Around the World: Introduction and Summary of Papers by...
Jonathan Gruber and David Wise
- w6137 August 1997 Social Security, Occupational Pensions, and Retirement in Sweden
Marten Palme and Ingemar Svensson
- w6138 August 1997 Comparison Utility in a Growth Model
Christopher D. Carroll, Jody Overland, and David N. Weil
- w6136 August 1997 Social Security and Retirement in Spain
Michele Boldrin, Sergi Jimenez-Martni, and Franco Peracchi
- w6140 August 1997 Managed Care and the Growth of Medical Expenditures
David M. Cutler and Louise Sheiner
- w6141 August 1997 What Drives Public Employment?
Dani Rodrik
- w6145 August 1997 How Costly is Financial (not Economic) Distress? Evidence from Highly Leveraged Transactions that Became Distressed
Gregor Andrade and Steven N. Kaplan
- w6147 August 1997 "Peso Problem" Explanations for Term Structure Anomalies
Geert Bekaert, Robert J. Hodrick, and David A. Marshall
- w6146 August 1997 Observations and Conjectures on the U.S. Employment Miracle
Alan B. Krueger and Jorn-Steffen Pischke
- w6139 August 1997 Why Did the SSI-Disabled Program Grow So Much? Disentangling the Effect of Medicaid
Aaron Yelowitz
- w6143 August 1997 The Objectives of the FDA's Office of Generic Drugs
Fiona Scott Morton
- w6142 August 1997 Adapting to Circumstances: The Evolution of Work, School, and Living Arrangements Among North American Youth
David Card and Thomas Lemieux
- w6144 August 1997 Why the United States Led in Education: Lessons from Secondary School Expansion, 1910 to 1940
Claudia Goldin and Lawrence F. Katz
- w6153 August 1997 Social Security and Retirement in Germany
Axel Borsch-Supan and Reinhold Schnabel
- w6151 August 1997 Why do Economists Disagree About Policy?
Victor R. Fuchs, Alan B. Krueger, and James M. Poterba
- w6152 August 1997 Evaluating Trade Reform Using Ex-Post Criteria
Jiandong Ju and Kala Krishna
- w6149 August 1997 Transition to a Fully Funded Pension System: Five Economic Issues
Martin Feldstein
- w6148 August 1997 The Mix and Scale of Factors with Irreversibility and Fixed Costs of Investment
Andrew B. Abel and Janice C. Eberly
- w6154 August 1997 Pensions and Retirement in the UK
Richard Blundell and Paul Johnson
- h0103 August 1997 Business Activity and the Boston Stock Market, 1835-1869
Jeremy Atack and Peter L. Rousseau
- t0214 August 1997 Moment Estimation with Attrition
John M. Abowd, Bruno Crepon, and Francis Kramarz
- t0213 August 1997 Measuring Predictability: Theory and Macroeconomic Applications
Francis X. Diebold and Lutz Kilian
- t0199 July 1997 An Introduction to Applicable Game Theory
Robert Gibbons
- w6079 July 1997 From Socialist Showcase to Mezzogiorno? Lessons on the Role of Technical Change from East Germany's Post-World War II Growth Performance
Wolfgang Keller
- w6081 July 1997 Unemployment Expectations, Jumping (S,s) Triggers, and Household Balance Sheets
Christopher D. Carroll and Wendy E. Dunn
- w6080 July 1997 Contagion and Volatility with Imperfect Credit Markets
Pierre-Richard Agenor and Joshua Aizenman
- w6086 July 1997 Contract Renegotiation in Agency Problems
Aaron S. Edlin and Benjamin E. Hermalin
- w6085 July 1997 Education and Saving: The Long-Term Effects of High School Financial Curriculum Mandates
B. Douglas Bernheim, Daniel M. Garrett, and Dean M. Maki
- w6084 July 1997 Rational Atrophy: The US Steel Industry
Aaron Tornell
- w6087 July 1997 Physician Fee Policy and Medicaid Program Costs
Jonathan Gruber, Kathleen Adams, and Joseph P. Newhouse
- w6083 July 1997 Business Success and Businesses' Beauty Capital
Ciska M. Bosman, Gerard Pfann, Jeff E. Biddle, and Daniel S. Hamermesh
- w6082 July 1997 Teen Drinking and Education Attainment: Evidence From Two-Sample Instrumental Variables (TSIV) Estimates
Thomas S. Dee and William N. Evans
- w6095 July 1997 Free Trade, Growth, and Convergence
Dan Ben-David and Michael B. Loewy
- w6093 July 1997 Economic Geography and Reginal Production Structure: An Empirical Investigation
Donald R. Davis and David E. Weinstein
- w6091 July 1997 Environmental Controls, Scarcity Rents, and Pre-Existing Distortions
Don Fullerton and Gilbert Metcalf
- w6092 July 1997 Monetary Policy in Japan, Germany and the United States: Does One Size Fit All?
Menzie D. Chinn and Michael P. Dooley
- w6090 July 1997 Tariff Policy for a Monopolist Under Incomplete Information
Dobrin R. Kolev and Thomas J. Prusa
- w6099 July 1997 The Structure of Firm R&D and the Factor Intensity of Production
James D. Adams
- w6088 July 1997 Age Discrimination Laws and Labor Market Efficiency
David Neumark and Wendy A. Stock
- w6089 July 1997 "The Bigger They Are, The Harder They Fall": How Price Differences Across U.S. Cities Are Arbitraged
Paul G. J. O'Connell and Shang-Jin Wei
- w6098 July 1997 The Risk and Return from Factors
Louis K. C. Chan, Jason Karceski, and Josef Lakonishok
- w6097 July 1997 Social Security and Retirement in the U.S.
Peter Diamond and Jonathan Gruber
- w6096 July 1997 International Trade and Structural Change
Dan Ben-David and David H. Papell
- w6094 July 1997 Financial Fragility and the Great Depression
Russell Cooper and Dean Corbae
- w6100 July 1997 Changes Over Time in Union Relative Wage Effects in Great Britain and the United States
David G. Blanchflower
- w6102 July 1997 The Rising Well-Being of the Young
David G. Blanchflower and Andrew J. Oswald
- w6103 July 1997 Saving, Investment, and Gold: A Reassessment of Historical Current Account Data
Matthew T. Jones and Maurice Obstfeld
- w6101 July 1997 R&D and Productivity: The International Connection
Elhanan Helpman
- w6104 July 1997 An Empirical Investigation of Firms' Responses to Minimum Standards Regulations
Tasneem Chipty and Ann Dryden Witte
- w6105 July 1997 The Sensitivity of Experimental Impact Estimates: Evidence from the National JTPA Study
James J. Heckman and Jeffrey A. Smith
- w6111 July 1997 Minimum Wages and Youth Employment in France and the United States
John M. Abowd, Francis Kramarz, Thomas Lemieux, and David N. Margolis
- w6110 July 1997 The Costs of Hiring and Separations
John M. Abowd and Francis Kramarz
- w6109 July 1997 Internal and External Labor Markets: An Analysis of Matched Longitudinal Employer-Employee Data
John M. Abowd and Francis Kramarz
- w6108 July 1997 The Usual Suspects? Productivity and Demand Shocks and Asia-Pacific Real Exchange Rates
Menzie David Chinn
- w6106 July 1997 Income, Schooling, and Ability: Evidence from a New Sample of Identical Twins
Orley Ashenfelter and Cecilia Rouse
- w6107 July 1997 Adverse Selection in Health Insurance
David M. Cutler and Richard J. Zeckhauser
- w6112 July 1997 Interests, Institutions, and Ideology in the Republican Conversion to Trade Liberalization, 1934-1945
Douglas A. Irwin and Randall S. Kroszner
- w6114 July 1997 The Medical Costs of The Young and Old: A Forty Year Perspective
David M. Cutler and Ellen Meara
- w6113 July 1997 Trade and Transmission of Technology
Wolfgang Keller
- w6118 July 1997 Why are Worker Cooperatives So Rare?
Michael Kremer
- w6116 July 1997 Taxed Avoidance: American Participation in Unsanctioned International Boycotts
James R. Hines, Jr.
- w6115 July 1997 Violations of the `Rules of the Game' and the Credibility of the Classical Gold Standard, 1880-1914
Michael D. Bordo and Ronald MacDonald
- w6117 July 1997 Misconceptions and Political Outcomes
David Romer
- t0212 June 1997 An Efficient Generalized Discrete-Time Approach to Poisson-Gaussian Bond Option Pricing in the Heath-Jarrow-Morton Model
Sanjiv Ranjan Das
- w6060 June 1997 The Gold Standard and the Great Depression
Barry Eichengreen and Peter Temin
- w6058 June 1997 Tax Rates and Work Incentives in the Social Security Disability Insurance Program: Current Law and Alternative Reforms
Hilary Williamson Hoynes and Robert Moffitt
- w6057 June 1997 Public Radio in the United States: Does It Correct Market Failure or Cannibalize Commercial Stations?
Steven T. Berry and Joel Waldfogel
- w6056 June 1997 What Do a Million Banks Have to Say About the Transmission of Monetary Policy?
Anil K. Kashyap and Jeremy C. Stein
- w6055 June 1997 The Economics of Prefunding Social Security and Medicare Benefits
Martin Feldstein and Andrew Samwick
- w6054 June 1997 Less of a Luxury: The Rise of Recreation since 1888
Dora L. Costa
- w6053 June 1997 Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
Maurice Obstfeld and Alan M. Taylor
- w6052 June 1997 Productivity Measurement and the Impact of Trade and Technology on Wages: Estimates for the U.S., 1972-1990
Robert C. Feenstra and Gordon H. Hanson
- w6051 June 1997 Experimental Estimates of Education Production Functions
Alan B. Krueger
- w6072 June 1997 Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in EMU
Hans-Werner Sinn and Holger Feist
- w6070 June 1997 Intergenerational Earnings Mobility, Inequality, and Growth
Ann L. Owen and David N. Weil
- w6071 June 1997 Money, Sticky Wages, and the Great Depression
Michael D. Bordo, Christopher J. Erceg, and Charles L. Evans
- w6069 June 1997 Intra-National, Intra-Continental, and Intra-Planetary PPP
Charles Engel, Michael K. Hendrickson, and John H. Rogers
- w6068 June 1997 Debt and Corporate Performance: Evidence from Unsuccessful Takeovers
Assem Safieddine and Sheridan Titman
- w6061 June 1997 Identifying Inflation's Grease and Sand Effects in the Labor Market
Erica L. Groshen and Mark E. Schweitzer
- w6064 June 1997 Excess Capital Flows and the Burden of Inflation in Open Economies
Mihir A. Desai and James R. Hines Jr.
- w6059 June 1997 Were Trade and Factor Mobility Substitutes in History?
William J. Collins, Kevin H. O'Rourke, and Jeffrey Williamson
- h0101 June 1997 Wages in California During the Gold Rush
Robert A. Margo
- w6062 June 1997 Does Inflation Harm Economic Growth? Evidence for the OECD
Javier Andres and Ignacio Hernando
- w6067 June 1997 Recent Immigrants: Unexpected Implications for Crime and Incarceration
Kristin F. Butcher and Anne Morrison Piehl
- w6065 June 1997 Are International R&D Spillovers Trade-Related? Analyzing Spillovers Among Randomly Matched Trade Partners
Wolfgang Keller
- w6066 June 1997 Japanese Research Consortia: A Microeconometric Analysis of Industrial Policy
Lee Branstetter and Mariko Sakakibara
- w6073 June 1997 Measuring Market Integration: A Model of Arbitrage with an Econometric Application to the Gold Standard, 1879-1913
Gauri Prakash and Alan M. Taylor
- w6074 June 1997 Measuring the Energy Savings from Home Improvement Investments: Evidence from Monthly Billing Data
Gilbert E. Metcalf and Kevin A. Hassett
- h0102 June 1997 Sears Roebuck in the Twentieth Century: Competition, Complementarities, and the Problem of Wasting Assets
Daniel Raff and Peter Temin
- w6078 June 1997 Gender and Youth Employment Outcomes: The US and West Germany, 1984-91
Francine D. Blau and Lawrence M. Kahn
- w6077 June 1997 Merger Policies and Trade Liberalization
Henrik Horn and James Levinsohn
- w6076 June 1997 The Home Market, Trade, and Industrial Structure
Donald R. Davis
- w6075 June 1997 Output Price and Markup Dispersion in Micro Data: The Roles of Producer Heterogeneity and Noise
Mark J. Roberts and Dylan Supina
- w6063 June 1997 The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries
Eugene N. White
- w6030 May 1997 How Taxing is Corruption on International Investors?
Shang-Jin Wei
- w6029 May 1997 Impact of Augmented Prenatal Care on Birth Outcomes of Medicaid Recipients in New York City
Theodore Joyce
- w6028 May 1997 Testing Endogenous Growth in South Korea and Taiwan
Robert C. Feenstra, Dorsati Madani, Tzu-Han Yang, and Chi-Yuan Liang
- w6027 May 1997 National Borders, Trade and Migration
John F. Helliwell
- w6026 May 1997 Does Parents' Money Matter?
John Shea
- w6033 May 1997 Complementarity and Cost Reduction: Evidence from the Auto Supply Industry
Susan Helper
- w6032 May 1997 Predation and Its Rate of Return: The Sugar Industry, 1887-1914
David Genesove and Wallace P. Mullin
- w6031 May 1997 Cohort Crowding and Youth Labor Markets: A Cross-National Analysis
Sanders Korenman and David Neumark
- w6034 May 1997 Abortion Legalization and Child Living Circumstances: Who is the "Marginal Child?"
Jonathan Gruber, Phillip Levine, and Douglas Staiger
- w6035 May 1997 Insuring Consumption Against Illness
Paul Gertler and Jonathan Gruber
- w6041 May 1997 Public Health Insurance and Private Savings
Jonathan Gruber and Aaron Yelowitz
- w6044 May 1997 Evidence from Patents and Patent Citations on the Impact of NASA and Other Federal Labs on Commercial Innovation
Adam B. Jaffe, Michael S. Fogarty, and Bruce A. Banks
- w6042 May 1997 The Future of Old-Age Longevity: Competitive Pricing of Mortality Contingent Claims
Charles Mullin and Tomas Philipson
- w6036 May 1997 Environmental Regulation, Investment Timing, and Technology Choice
Wayne B. Gray and Ronald J. Shadbegian
- w6037 May 1997 Ohio School Milk Markets: An Analysis of Bidding
Robert H. Porter and J. Douglas Zona
- w6038 May 1997 Unemployment vs. Mismatch of Talents: Reconsidering Unemployment Benefits
Ramon Marimon and Fabrizio Zilibotti
- w6039 May 1997 Wage Dispersion and Country Price Levels
Robert E. Lipsey and Birgitta Swedenborg
- w6040 May 1997 The Impact and Organization of Publicly-Funded Research and Development in the European Community
Maryann P. Feldman and Frank R. Lichtenberg
- t0211 May 1997 Time-to-Build and Cycles
Patrick K. Asea and Paul J. Zak
- w6049 May 1997 An Economic Theory of GATT
Kyle Bagwell and Robert W. Staiger
- w6048 May 1997 Balladurette and Juppette: A Discrete Analysis of Scrapping Subsidies
Jerome Adda and Russell Cooper
- w6043 May 1997 The Pricing of U.S. Catastrophe Reinsurance
Kenneth A. Froot and Paul G. J. O'Connell
- w6045 May 1997 Average Interest
George Chacko and Sanjiv Ranjan Das
- w6046 May 1997 Inflation and the User Cost of Capital: Does Inflation Still Matter?
Darrel Cohen, Kevin A. Hassett, and R. Glenn Hubbard
- w6047 May 1997 The Effect of Welfare Payments on the Marriage and Fertility Behavior of Unwed Mothers: Results from a Twins Experiment
Jeff Grogger and Stephen G. Bronars
- w6050 May 1997 Labor Mobility from Academe to Commerce
Lynne G. Zucker, Michael R. Darby, and Maximo Torero
- w6024 May 1997 Openness, Country Size and the Government
Alberto Alesina and Romain Wacziarg
- w6025 May 1997 The Limited Financing of Catastrophe Risk: An Overview
Kenneth A. Froot
- r2116 May 1997 The Economics of New Goods: Introduction
Timothy F. Bresnahan and Robert J. Gordon
- r2117 May 1997 Macroeconomic Implications of Variation in the Workweek of Capital
Matthew D. Shapiro
- w5988 April 1997 Labor Earnings Mobility and Inequality in the United States and Germany During the Growth Years of the 1980s
Richard V. Burkhauser, Douglas Holtz-Eakin, and Stephen E. Rhody
- w5987 April 1997 The Effect of Managed Care on Health Care Providers
Laurence C. Baker and Martin L. Brown
- w5985 April 1997 The Technology of Birth: Health Insurance, Medical Interventions, and Infant Health
Janet Currie and Jonathan Gruber
- w5984 April 1997 Identifying the Common Component in International Economic Fluctuations
Robin L. Lumsdaine and Eswar S. Prasad
- h0098 April 1997 Inventors, Firms, and the Market for Technology in the Late Nineteenth and Early Twentieth Centuries
Naomi R. Lamoreaux and Kenneth L. Sokoloff
- w5992 April 1997 Does Acquisition of a GED Lead to More Training, Post-Secondary Education, and Military Service for School Dropouts?
Richard J. Murnane, John B. Willett, and Kathryn Parker Boudett
- w5989 April 1997 The Impact of Psychiatric Disorders on Labor Market Outcomes
Susan L. Ettner, Richard G. Frank, and Ronald C. Kessler
- w5990 April 1997 U.S. Exports, 1972-1994: With State Exports and Other U.S. Data
Robert C. Feenstra
- w5991 April 1997 Are Countries with Official International Restrictions "Liquidity Constrained?"
Karen K. Lewis
- w5995 April 1997 The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990
Raquel Fernandez and Richard Rogerson
- w5994 April 1997 Business Cycles: Theory, Evidence and Implications
Russell W. Cooper
- w5993 April 1997 The Case for a Two-Part Instrument: Presumptive Tax and Environmental Subsidy
Don Fullerton and Ann Wolverton
- w5996 April 1997 Capital-Market Imperfections and Investment
R. Glenn Hubbard
- w6009 April 1997 Public Goods and Ethnic Divisions
Alberto Alesina, Reza Baqir, and William Easterly
- w6008 April 1997 Urban Growth
Duncan Black and Vernon Henderson
- w6007 April 1997 Hot Money
V. V. Chari and Patrick Kehoe
- w6006 April 1997 International Trade Between Consumer and Conservationist Countries
James Brander and M. Scott Taylor
- w6005 April 1997 Industry Evolution and Transition: A Neoclassical Benchmark
Andrew Atkeson and Patrick Kehoe
- w6003 April 1997 Local Violence, Educational Attainment, and Teacher Pay
Jeff Grogger
- w6004 April 1997 The Optimal Tax Rate for Capital Income is Negative
Kenneth L. Judd
- w6000 April 1997 Government Debt and Social Security in a Life-Cycle Economy
Mark Gertler
- w6001 April 1997 The History of Annuities in the United States
James M. Poterba
- w6002 April 1997 New Evidence on the Money's Worth of Individual Annuities
Olivia S. Mitchell, James M. Poterba, and Mark J. Warshawsky
- w5999 April 1997 A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organizational Design, Incentives, and Internal Capital Markets
Steven N. Kaplan, Mark L. Mitchell, and Karen H. Wruck
- w5998 April 1997 Can Higher Cigarette Taxes Improve Birth Outcomes?
William N. Evans and Jeanne S. Ringel
- w5997 April 1997 Sovereign Debt and Consumption Smoothing
Herschel I. Grossman and Taejoon Han
- h0100 April 1997 Manufacturing Where Agriculture Predominates: Evidence from the South and Midwest in 1860
Kenneth L. Sokoloff and Viken Tchakerian
- w6012 April 1997 Spurts in Union Growth: Defining Moments and Social Processes
Richard B. Freeman
- w6017 April 1997 Sectoral Productivity, Government Spending and Real Exchange Rates: Empirical Evidence for OECD Countries
Menzie David Chinn
- h0099 April 1997 Nutritional Status and Agricultural Surpluses in the Antebellum United States
Lee A. Craig and Thomas Weiss
- w6010 April 1997 Do Wages Rise with Job Seniority? A Reassessment
Joseph G. Altonji and Nicolas Williams
- w6016 April 1997 Issues in the Design of Monetary Policy Rules
Bennett T. McCallum
- w6014 April 1997 The Control of Strategic Alliances: An Empirical Analysis of Biotechnology Collaborations
Josh Lerner and Robert P. Merges
- w6015 April 1997 Understanding the Great Depression: Lessons for Current Policy
Stephen G. Cecchetti
- w6013 April 1997 The Incidence of Medicare
Mark McClellan and Jonathan Skinner
- w6011 April 1997 On The Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance
Kenneth A. Froot and Paul G. J. O'Connell
- w6020 April 1997 Ethical Foundations of Financial Regulation
Edward J. Kane
- w6019 April 1997 Regional Integration and Foreign Direct Investment
Magnus Blomstrom and Ari Kokko
- w6018 April 1997 Public-Private Interaction and the Productivity of Pharmaceutical Research
Iain Cockburn and Rebecca Henderson
- w6023 April 1997 Answering the Critics: Yes, ARCH Models Do Provide Good Volatility Forecasts
Torben G. Andersen and Tim Bollerslev
- w6022 April 1997 Asymmetric Volatility and Risk in Equity Markets
Geert Bekaert and Guojun Wu
- w6021 April 1997 Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing
Thomas C. Kinnaman and Don Fullerton
- w5986 April 1997 The Great Depression and the Regulating State: Federal Government Regulation of Agriculture: 1884-1970
Gary D. Libecap
- w5957 March 1997 Consolidation in the Medical Care Marketplace: A Case Study from Masschusetts
Jason R. Barro and David Cutler
- w5956 March 1997 Computing Inequality: Have Computers Changed the Labor Market?
David H. Autor, Lawrence F. Katz, and Alan B. Krueger
- w5955 March 1997 Entry, Exit, Embodied Technology, and Business Cycles
Jeffrey R. Campbell
- w5954 March 1997 The Optimum Quantity of Money: Theory and Evidence
Casey B. Mulligan and Xavier X. Sala-i-Martin
- w5953 March 1997 The Sociology of Groups and the Economics of Incentives: Theory and Evidence on Compensation Systems
William E. Encinosa III, Martin Gaynor, and James B. Rebitzer
- h0097 March 1997 Debt, Default, and Revenue Structure: The American State Debt Crisis in the Early 1840s
Arthur Grinath III, John Joseph Wallis, and Richard Sylla
- h0096 March 1997 Latifundia as Malefactor in Economic Development? Scale, Tenancy, and Agriculture on the Pampas, 1880-1914
Alan M. Taylor
- w5952 March 1997 Efficient Rules for Monetary Policy
Laurence Ball
- w5951 March 1997 Lending Cycles
Patrick K. Asea and S. Brock Blomberg
- w5950 March 1997 Heterogeneous Information Arrival and Option Pricing
Patrick K. Asea and Mthuli Ncube
- w5961 March 1997 Leverage and House-Price Dynamics in U.S. Cities
Owen Lamont and Jeremy C. Stein
- w5960 March 1997 The Great Depression as a Watershed: International Capital Mobility over the Long Run
Maurice Obstfeld and Alan M. Taylor
- w5959 March 1997 U.S. Multinationals and Competition from Low Wage Countries
David A. Riker and S. Lael Brainard
- w5958 March 1997 Are U.S. Multinationals Exporting U.S. Jobs?
S. Lael Brainard and David A. Riker
- w5966 March 1997 Community Choice and Local Public Services: A Discrete Choice Approach
Thomas J. Nechyba and Robert P. Strauss
- w5965 March 1997 International Portfolio Diversification with Generalized Expected Utility Preferences
Joshua Aizenman
- w5962 March 1997 Inflation Targeting: Some Extensions
Lars E. O. Svensson
- w5964 March 1997 Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program
Cecilia Elena Rouse
- w5967 March 1997 When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets
Ian W. H. Parry, Roberton C. Williams III, and Lawrence H. Goulder
- w5970 March 1997 Returns to Regionalism: An Evaluation of Non-Traditional Gains from RTAs
Raquel Fernandez
- w5969 March 1997 The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment
David S. Scharfstein and Jeremy C. Stein
- w5968 March 1997 Nominal Anchor Exchange Rate Policies as a Domestic Distortion
Anne O. Krueger
- w5977 March 1997 Banks and Macroeconomics Disturbances under Predetermined Exchange Rates
Sebastian Edwards and Carlos A. Vegh
- w5976 March 1997 Taming the Skew: Higher-Order Moments in Modeling Asset Price Processes in Finance
Sanjiv Ranjan Das and Rangarajan K. Sundaram
- w5973 March 1997 The Demand for Hours of Labor: Direct Evidence from California
Daniel S. Hamermesh and Stephen J. Trejo
- w5972 March 1997 The Way We Were (And Are): Changes in Public Finance and Its Textbooks
Harvey S. Rosen
- w5971 March 1997 A Markup Interpretation of Optimal Rules for Irreversible Investment
Avinash Dixit, Robert S. Pindyck, and Sigbjorn Sodal
- w5974 March 1997 The Forecasting Ability of Correlations Implied in Foreign Exchange Options
Jose M. Campa and P. H. Kevin Chang
- w5975 March 1997 Putting Things in Order: Patterns of Trade Dynamics and Growth
Robert C. Feenstra and Andrew K. Rose
- w5981 March 1997 The Sugar Institute Learns to Organize Information Exchange
David Genesove and Wallace P. Mullin
- w5982 March 1997 Cellular Telephone, New Products and the CPI
Jerry Hausman
- w5980 March 1997 Alternative Strategies for Aggregating Prices in the CPI
Matthew D. Shapiro and David W. Wilcox
- w5979 March 1997 Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia
Takatoshi Ito, Peter Isard, and Steven Symansky
- w5978 March 1997 Openness, Productivity and Growth: What Do We Really Know?
Sebastian Edwards
- w5983 March 1997 Market Wages and Youth Crime
Jeff Grogger
- t0086 March 1997 Efficient Estimation of Linear Asset Pricing Models with Moving-Average Errors
Lars Peter Hansen and Kenneth J. Singleton
- w5949 March 1997 The Genesis and Evolution of Social Security
Jeffrey A. Miron and David N. Weil
- w5963 March 1997 Was the Great Depression a Watershed for American Monetary Policy?
Charles W. Calomiris and David C. Wheelock
- w5915 February 1997 Cyclical Productivity with Unobserved Input Variation
Susanto Basu and Miles S. Kimball
- w5914 February 1997 TFPG Controversies, Institutions, and Economic Performance in East Asia
Dani Rodrik
- w5913 February 1997 Reinsurance for Catastrophes and Cataclysms
David M. Cutler and Richard J. Zeckhauser
- w5912 February 1997 Pension and Social Security Wealth in the Health and Retirement Study
Alan L. Gustman, Olivia S. Mitchell, Andrew A. Samwick, and Thomas L. Steinmeier
- w5918 February 1997 Analyzing Investments Whose Histories Differ in Length
Robert F. Stambaugh
- w5916 February 1997 Contract Form and Procurement Costs: The Impact of Compulsory Multiple Contractor Laws in Construction
Orley Ashenfelter, David Ashmore, and Randall Filer
- w5925 February 1997 Uncertain Duration of Reform: Dynamic Implications
Guillermo A. Calvo and Allan Drazen
- w5926 February 1997 A Model of Investor Sentiment
Nicholas Barberis, Andrei Shleifer, and Robert W. Vishny
- w5924 February 1997 Labor Market Shifts and the Price Puzzle Revisited
Alan B. Krueger
- w5923 February 1997 The Uruguay Round and Welfare in Some Distorted Agricultural Economies
James E. Anderson
- w5922 February 1997 Equilibrium Unemployment
Joao Gomes, Jeremy Greenwood, and Sergio Rebelo
- w5929 February 1997 The Evolution of Advanced Large Scale Information Infrastructure in the United States
Shane M. Greenstein, Mercedes M. Lizardo, and Pablo T. Spiller
- w5928 February 1997 Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack
Ian Ayres and Steven D. Levitt
- w5927 February 1997 Immigrant Inflows, Native Outflows, and the Local Labor Market Impacts of Higher Immigration
David Card
- w5917 February 1997 Employment Policy of the Middle Reagan Years: What Didn't Happen and Why It Didn't Happen
Martin Feldstein
- w5920 February 1997 On the Uses of Benefit-Cost Reasoning in Choosing Policy Toward Global Climate Change
David F. Bradford
- w5919 February 1997 The Evolving External Orientation of Manufacturing Industries: Evidence from Four Countries
Jose Campa and Linda S. Goldberg
- w5921 February 1997 Regionalism and Multilateral Tariff Cooperation
Kyle Bagwell and Robert W. Staiger
- w5931 February 1997 Within Group "Structural" Tests of Labor-Market Discrimination: A Study of Persons with Serious Disabilities
David S. Salkever and Marisa E. Domino
- w5930 February 1997 To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints
Raquel Fernandez and Jordi Gali
- t0209 February 1997 The Significance of the Market Portfolio
Stefano Athanasoulis and Robert J. Shiller
- w5934 February 1997 Shifts in U.S. Relative Wages: The Role of Trade, Technology and Factor Endowments
Robert E. Baldwin and Glen G. Cain
- w5933 February 1997 Macroeconomic Fluctuations and the Allocation of Time
Robert E. Hall
- w5932 February 1997 Reciprocity, Non-discrimination and Preferential Agreements in the Multilateral Trading System
Kyle Bagwell and Robert W. Staiger
- t0210 February 1997 Observational Agency and Supply-Side Econometrics
Tomas Philipson
- w5939 February 1997 Patterns of Intra- and Inter-State Trade
Holger C. Wolf
- w5938 February 1997 Location and Technological Change in the American Glass Industry During the Late Nineteenth and Early Twentieth Centuries
Naomi R. Lamoreaux and Kenneth L. Sokoloff
- w5937 February 1997 Neglected Effects on the Uses Side: Even a Uniform Tax Would Change Relative Goods Prices
Don Fullerton and Diane Lim Rogers
- w5936 February 1997 Is There Private Information in the FX Market? The Tokyo Experiment
Takatoshi Ito, Richard K. Lyons, and Michael T. Melvin
- w5935 February 1997 Understanding China's Economic Performance
Jeffrey D. Sachs and Wing Thye Woo
- w5944 February 1997 Interest Rate Targeting and the Dynamics of Short-Term Rates
Pierluigi Balduzzi, Giuseppe Bertola, Silverio Foresi, and Leora Klapper
- w5945 February 1997 Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation
Tor Jakob Klette and Zvi Griliches
- w5943 February 1997 Integration, Cointegration and the Forecast Consistency of Structural Exchange Rate Models
Yin-Wong Cheung and Menzie D. Chinn
- w5942 February 1997 Protection for Sale: An Empirical Investigation
Pinelopi Koujianou Goldberg and Giovanni Maggi
- w5941 February 1997 Technological Change and Wages: An Inter-Industry Analysis
Ann P. Bartel and Nachum Sicherman
- w5946 February 1997 Accounting for Future Costs in Medical Cost-Effectiveness Analysis
David Meltzer
- t0208 February 1997 Computational Economics and Economic Theory: Substitutes or Complements
Kenneth L. Judd
- t0207 February 1997 Solving Large Scale Rational Expectations Models
Jess Gaspar and Kenneth L. Judd
- w5948 February 1997 Retiree Health Insurance and the Labor Force Behavior of Older Men in the 1990s
David M. Blau and Donna B. Gilleskie
- w5947 February 1997 On the Optimality of Interest Rate Smoothing
Sergio Rebelo and Danyang Xie
- w5940 February 1997 Technology, Trade, and Wages
James D. Adams
- w5872 January 1997 The Generalized War of Attrition
Jeremy Bulow and Paul Klemperer
- w5870 January 1997 Learning, Complementarities, and Asynchronous Use of Technology
Boyan Jovanovic and Dmitriy Stolyarov
- w5871 January 1997 Solow vs. Solow: Machine Prices and Development
Boyan Jovanovic and Rafael Rob
- w5869 January 1997 Does Regulation Affect Economic Outcomes?: The Case of Dentistry
Morris M. Kleiner and Robert T. Kudrle
- w5880 January 1997 Manufacturing Plant Location: Does State Pollution Regulation Matter?
Wayne B. Gray
- w5879 January 1997 Legal Determinants of External Finance
Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer, and Robert W. Vishny
- w5877 January 1997 New Techniques to Extract Market Expectations from Financial Instruments
Paul Soderlind and Lars E. O. Svensson
- w5876 January 1997 Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
- w5873 January 1997 Auction Theory: A Summary with Applications to Treasury Markets
Sanjiv Ranjan Das and Rangarajan K. Sundaram
- w5874 January 1997 Does the Nominal Exchange Rate Regime Matter?
Atish R. Ghosh, Anne-Marie Gulde, Jonathan D. Ostry, and Holger C. Wolf
- w5875 January 1997 An Optimizing IS-LM Specification for Monetary Policy and Business Cycle Analysis
Bennett T. McCallum and Edward Nelson
- w5882 January 1997 A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies
Willem H. Buiter, Ricardo Lago, and Helene Rey
- w5881 January 1997 The Rise and Decline of the American Ghetto
David M. Cutler, Edward L. Glaeser, and Jacob L. Vigdor
- w5890 January 1997 Towards a Political-Economic Theory of Domestic Debt
Allan Drazen
- w5887 January 1997 Business Groups and Trade in East Asia: Part 2, Product Variety
Robert C. Feenstra, Maria Yang, and Gary G. Hamilton
- w5888 January 1997 Using Maimonides' Rule to Estimate the Effect of Class Size on Student Achievement
Joshua D. Angrist and Victor Lavy
- w5886 January 1997 Business Groups and Trade in East Asia: Part 1, Networked Equilibria
Robert C. Feenstra, Deng-Shing Huang, and Gary G. Hamilton
- w5885 January 1997 Distributional Effects of Adopting a National Retail Sales Tax
Daniel R. Feenberg, Andrew W. Mitrusi, and James M. Poterba
- w5884 January 1997 Cost of Capital for the United States, Japan, and Canada: An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun
Albert Ando, John Hancock, and Gary Sawchuk
- w5883 January 1997 Implications of the Great Depression for the Development of the International Monetary System
Michael D. Bordo and Barry Eichengreen
- w5893 January 1997 Inflation Targeting: A New Framework for Monetary Policy?
Ben S. Bernanke and Frederic S. Mishkin
- w5892 January 1997 Policy Signaling in the Open Economy: A Re-Examination
Allan Drazen
- w5891 January 1997 Accounting for the Slowdown in Employer Health Care Costs
Alan B. Krueger and Helen Levy
- w5894 January 1997 Post-'87 Crash Fears in S&P 500 Futures Options
David S. Bates
- w5896 January 1997 Trade Policy and Economic Development: How We Learn
Anne O. Krueger
- w5900 January 1997 Financial Factors and Investment in Belgium, France, Germany and the UK:A Comparison Using Company Panel Data
Stephen Bond, Julie Elston, Jacques Mairesse, and Benoit Mulkay
- w5898 January 1997 A Simple Model of Trade, Capital Mobility, and the Environment
Brian R. Copeland and M. Scott Taylor
- w5901 January 1997 A Century of Global Stock Markets
William N. Goetzmann and Philippe Jorion
- w5897 January 1997 Per Capita Income Convergence and the Role of International Trade
Matthew J. Slaughter
- w5902 January 1997 The Influence of Income Tax Rules on Insurance Reserves
David F. Bradford and Kyle D. Logue
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Claudia Goldin and Cecilia Rouse
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Rosella Gardecki and David Neumark
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James G. Bohn and Brian J. Hall
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Robert C. Feenstra, Robert E. Lipsey, and Harry P. Bowen
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Stephen J. Brown, William N. Goetzmann, and Roger G. Ibbotson
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Oliver Hart and John Moore
- w5908 January 1997 The CEA: From Stabilization to Resource Allocation
Martin Feldstein
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Dani Rodrik
- w5904 January 1997 The Valuation of the Foreign Income of U.S. Multinational Firms: A Growth Opportunities Perspective
Gordon M. Bodnar and Joseph Weintrop
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William N. Goetzmann and Philippe Jorion
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Michael M. Knetter
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Douglas A. Irwin
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Katherine Baicker, Claudia Goldin, and Lawrence F. Katz
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