Papers Issued in 2000

• w8049 December 2000 Environmental Tax Interactions When Pollution Affects Health or Productivity
  Roberton C. Williams
• w8037 December 2000 The Optimal Treatment of Tax Expenditures
  Emmanuel Saez
• w8054 December 2000 Longer Term Effects of Head Start
  Eliana Garces, Duncan Thomas, and Janet Currie
• w8055 December 2000 School Choice and the Distributional Effects of Ability Tracking: Does Separation Increase Equality?
  David N. Figlio and Marianne E. Page
• w8056 December 2000 Understanding Child Support Trends: Economic, Demographic, and Political Contributions
  Anne Case, I-Fen Lin, and Sara McLanahan
• w8057 December 2000 Monetary Policy
  Benjamin M. Friedman
• w8058 December 2000 Wages Around the World: Pay Across Occupations and Countries
  Richard B. Freeman and Remco Oostendorp
• w8059 December 2000 Risks for the Long Run: A Potential Resolution of Asset Pricing Puzzles
  Ravi Bansal and Amir Yaron
• w8060 December 2000 Balance SHeet Effects, Bailout Guarantees and Financial Crises
  Martin Schneider and Aaron Tornell
• w8061 December 2000 Grandmothers and Granddaughters: Old Age Pension and Intra-household Allocation in South Africa
  Esther Duflo
• w8042 December 2000 Consequences of Imbalanced Sex Ratios: Evidence from America's Second Generation
  Josh Angrist
• w8043 December 2000 Closed and Open Economy Models of Business Cycles with Marked Up and Sticky Prices
  Robert J. Barro and Silvana Tenreyro
• w8044 December 2000 European Financial Markets After EMU: A First Assessment
  Jean-Pierre Danthine, Francesco Giavazzi, and Ernst-Ludwig von Thadden
• w8045 December 2000 Adverse Selection in Insurance Markets: Policyholder Evidence from the U.K. Annuity Market
  Amy Finkelstein and James Poterba
• w8046 December 2000 Industrial Groupings and Strategic FDI: Theory and Evidence
  Bruce A. Blonigen, Christopher J. Ellis, and Dietrich Fausten
• w8047 December 2000 The Role of Interest Rates in Federal Reserve Policymaking
  Benjamin M. Friedman
• w8048 December 2000 Health Effects in a Model of Second-Best Environmental Taxation or Reconsidering "Reconsidering the Tax-Interaction Effect"
  Roberton C. Williams
• w8050 December 2000 The Anatomy of Employee Involvement and Its Effects on Firms and Workers
  Richard B. Freeman, Morris M. Kleiner, and Cheri Ostroff
• w8051 December 2000 The Incentive for Working Hard: Explaining Hours Worked Differences in the U.S. and Germany
  Linda A. Bell and Richard B. Freeman
• w8052 December 2000 Stock Options for Undiversified Executives
  Brian J. Hall and Kevin J. Murphy
• w8053 December 2000 Non-Market Interactions
  Edward L. Glaeser and Jose Scheinkman
• w8039 December 2000 Style Investing
  Nicholas Barberis and Andrei Shleifer
• w8040 December 2000 The Welfare Cost of Business Cycles Revisited: Finite Lives and Cyclical Variation in Idiosyncratic Risk
  Kjetil Storesletten, Chris I. Telmer, and Amir Yaron
• w8041 December 2000 Growth Economics and Reality
  William A. Brock and Steven N.Durlauf
• t0266 December 2000 The Conventional Treatment of Seasonality in Business Cycle Analysis: Does it Create Distortions?
  Lawrence J. Christiano and Richard M. Todd
• w8033 December 2000 On the Japanese Economy and Japanese National Accounts
  Albert Ando
• w8034 December 2000 The Social Consequences of Housing
  Edward L. Glaeser and Bruce Sacerdote
• w8035 December 2000 The EMS Crisis in Retrospect
  Barry Eichengreen
• w8036 December 2000 Issue Unbundling via Citizens' Initiatives
  Timothy Besley and Stephen Coate
• w8038 December 2000 Firm Level Investment and R&D in France and the United States: A Comparison
  Benoit Mulkay, Bronwyn H. Hall, and Jacques Mairesse
• w8029 December 2000 The Desirability of Commodity Taxation under Non-Linear Income Taxation and Heterogeneous Tastes
  Emmanuel Saez
• w8030 December 2000 An sS Model with Adverse Selection
  Christopher L. House and John V. Leahy
• w8031 December 2000 The Middle Class Parent Penalty: Child Benefits in the U.S. Tax Code
  David T. Ellwood and Jeffrey B. Liebman
• w8032 December 2000 The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups
  Eric M. Engen and William G. Gale
• w8024 December 2000 A Framework for Applied Dynamic Analysis in I.O.
  Ariel Pakes
• w8025 December 2000 Money and Inflation in the Euro Area: A Case for Monetary Indicators?
  Stefan Gerlach and Lars E.O. Svensson
• w8026 December 2000 Games for Central Bankers: Markets v/s Politics in Public Policy Decisions
  Alessandra Casella
• w8027 December 2000 Market Mechanisms for Policy Decisions: Tools for the European Union
  Alessandra Casella
• w8028 December 2000 Where did British Foreign Capital Go? Fundamentals, Failures and the Lucas Paradox: 1870-1913
  Michael A. Clemens and Jeffrey G. Williamson
• w8023 December 2000 Generalized Solow-Neutral Technical Progress and Postwar Economic Growth
  Michael J. Boskin and Lawrence J. Lau
• w6820 November 2000 Nonprofit Business Activity and the Unrelated Business Income Tax
  James R. Hines, Jr.
• w8017 November 2000 The Effects of Business-to-Business E-Commerce on Transaction Costs
  Luis Garicano and Steven N. Kaplan
• w8022 November 2000 Technological Change, the Labor Market and the Stock Market
  Rodolfo E. Manuelli
• w8018 November 2000 Retrospective vs. Prospective Analyses of School Inputs: The Case of Flip Charts in Kenya
  Paul Glewwe, Michael Kremer, Sylvie Moulin, and Eric Zitzewitz
• w8019 November 2000 What's in a Grade? School Report Cards and House Prices
  David N. Figlio and Maurice E. Lucas
• w8020 November 2000 Managed Care and Technology Adoption in Health Care: Evidence from Magnetic Resonance Imaging
  Laurence C. Baker
• w8021 November 2000 How Elastic is the Firm's Demand for Health Insurance?
  Jonathan Gruber and Michael Lettau
• w8014 November 2000 Are Profits Shared Across Borders? Evidence on International Rent Sharing
  John W. Budd and Matthew J.Slaughter
• w8015 November 2000 Is Foreign Direct Investment a Channel of Knowledge Spillovers? Evidence from Japan's FDI in the United States
  Lee Branstetter
• w8016 November 2000 12 Million Salaried Workers Are Missing
  Daniel S. Hamermesh
• w8012 November 2000 A Century of Purchasing-Power Parity
  Alan M. Taylor
• w8013 November 2000 Scale Economies and the Geographic Concentration of Industry
  Gordon H. Hanson
• w8010 November 2000 Macroeconomic Factors and Antidumping Filings: Evidence from Four Countries
  Michael M. Knetter and Thomas J. Prusa
• w8011 November 2000 The Impact of Capital Gains Taxes on Stock Price Reactions to S&P 500 Inclusion
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford
• w8006 November 2000 Fixing for Your Life
  Guillermo A. Calvo and Carmen M. Reinhart
• w8007 November 2000 The Long-Term Gains from GAIN: A Re-Analysis of the Impacts of the California GAIN Program
  V. Joseph Hotz, Guido W. Imbens, and Jacob A. Klerman
• w8008 November 2000 Evolution and Revolution in the Argentine Banking System under Convertibility: The Roles of Crises and Path Dependence
  Lee J. Alston and Andres Gallo
• w8009 November 2000 The Uneasy Marriage of Export Incentives and the Income Tax
  Mihir A. Desai and James R. Hines Jr.
• w8001 November 2000 The Environmental Kuznets Curve: Exploring A Fresh Specification
  David F. Bradford, Rebecca Schlieckert, and Stephen H. Shore
• w8002 November 2000 On the Desirability of a Regional Basket Currency Arrangement
  Eiji Ogawa and Takatoshi Ito
• w8003 November 2000 Bank Runs and Banking Policies: Lessons for African Policymakers
  Edward J. Kane and Tara Rice
• w8004 November 2000 The Impact of Legalized Abortion on Crime
  John Donohue and Steven Levitt
• h0131 November 2000 Social Reformers and Regulation: The Prohibition of Cigarettes in the U.S. and Canada
  Lee J. Alston, Ruth Dupre, and Tomas Nonnenmacher
• t0264 November 2000 Long Memory and Regime Switching
  Francis X. Diebold and Atsushi Inoue
• t0265 November 2000 Time Use and Population Representation in the Sloan Study of Adolescents
  Casey B. Mulligan, Barbara Schneider, and Rurtin Wolfe
• w8005 November 2000 GATT-Think
  Kyle Bagwell and Robert W. Staiger
• w7998 November 2000 Who Wins the Olympic Games: Economic Development and Medal Totals
  Andrew B. Bernard and Meghan R. Busse
• w7999 November 2000 Interracial Contact in High School Extracurricular Activities
  Charles T. Clotfelter
• w8000 November 2000 Understanding Mid-Life and Older Age Mortality Declines: Evidence from Union Army Veterans
  Dora L. Costa
• w7997 November 2000 Japan Premium and Stock Prices: Two Mirrors of Japanese Banking Crises
  Takatoshi Ito and Kimie Harada
• w7996 November 2000 Does the Internet Make Markets More Competitive?
  Jeffrey R. Brown and Austan Goolsbee
• w7994 November 2000 Wages, Productivity, and the Dynamic Interaction of Businesses and Workers
  John Haltiwanger, Julia Lane, and James Spletzer
• w7995 November 2000 Consumption and Risk Sharing Over the Life Cycle
  Kjetil Storesletten, Chris I. Telmer, and Amir Yaron
• w7993 November 2000 Fear of Floating
  Guillermo A. Calvo and Carmen M. Reinhart
• w7992 November 2000 Private Inflows when Crises are Anticipated: A Case Study of Korea
  Michael P. Dooley and Inseok Shin
• w7990 November 2000 Sex, Drugs, and Catholic Schools: Private Schooling and Non-Market Adolescent Behaviors
  David Figlio and Jens Ludwig
• w7991 November 2000 Asset Location for Retirement Savers
  James M. Poterba, John B. Shoven, and Clemens Sialm
• t0263 November 2000 Using Studies of Treatment Response to Inform Treatment Choice in Heterogeneous Populations
  Charles F. Manski
• w7981 October 2000 Why Don't Prices Rise During Periods of Peak Demand? Evidence from Scanner Data
  Judith A. Chevalier, Anil K. Kashyap, and Peter E. Rossi
• w7982 October 2000 An Economic Analysis of Alcohol, Drugs, and Violent Crime in the National Crime Victimization Survey
  Sara Markowitz
• w7988 October 2000 Near-Rationality and Inflation in Two Monetary Regimes
  Laurence Ball
• w7989 October 2000 Interpreting Instrumental Variables Estimates of the Returns to Schooling
  Jeffrey R. Kling
• w7985 October 2000 Do High Grading Standards Affect Student Performance?
  David N. Figlio and Maurice E. Lucas
• w7986 October 2000 Changes in the Wage Structure, Family Income, and Children's Education
  Daron Acemoglu and Jorn-Steffen Pischke
• w7987 October 2000 Computers, Work Organization, and Wage Outcomes
  Peter Cappelli and William H. Carter
• w7974 October 2000 Investor Protection and Equity Markets
  Andrei Shleifer and Daniel Wolfenson
• w7975 October 2000 Accounting for Recent Declines in Employment Rates among the Working-Aged Disabled
  John Bound and Timothy Waidmann
• w7976 October 2000 Tax Policy, Venture Capital, and Entrepreneurship
  Christian Keuschnigg and Soren Bo Nielsen
• w7977 October 2000 Nonprofit Sector and Part-Time Work: An Analysis of Employer-Employee Matched Data of Child Care Workers
  H. Naci Mocan and Erdal Tekin
• w7978 October 2000 Using Asset Prices to Measure the Cost of Business Cycles
  Fernando Alvarez and Urban J. Jermann
• w7966 October 2000 Hospital Market Structure and the Behavior of Not-for-Profit Hospitals: Evidence from Responses to California's Disproportionate Share Program
  Mark Duggan
• w7967 October 2000 More Guns, More Crime
  Mark Duggan
• w7968 October 2000 Is Making Divorce Easier Bad for Children? The Long Run Implications of Unilateral Divorce
  Jonathan Gruber
• w7969 October 2000 Corruption and Composition of Foreign Direct Investment: Firm-Level Evidence
  Beata K. Smarzynska and Shang-Jin Wei
• w7970 October 2000 Technological Change and the Environment
  Adam B. Jaffe, Richard G. Newell, and Robert N. Stavins
• h0130 October 2000 "Development, Health, Nutrition, and Mortality: The Case of the 'Antebellum Puzzle' in the United States"
  Michael R. Haines, Lee A. Craig, and Thomas Weiss
• w7983 October 2000 The Social Discount Rate
  Andrew Caplin and John Leahy
• w7984 October 2000 Commercial Policy with Altruistic Voters
  Julio J. Rotemberg
• w7980 October 2000 Personal Income Taxes and the Growth of Small Firms
  Robert Carroll, Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen
• w7979 October 2000 The Health Care Consequences of Smoking and its Regulation
  Michael J. Moore and James W. Hughes
• w7972 October 2000 When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data
  Lee G. Branstetter and Mariko Sakakibara
• w7973 October 2000 Moving to Opportunity in Boston: Early Results of a Randomized Mobility Experiment
  Lawrence F. Katz, Jeffrey R. Kling, and Jeffrey B. Liebman
• w7971 October 2000 International and Domestic Collateral Constraints in a Model of Emerging Market Crises
  Ricardo Caballero and Arvind Krishnamurthy
• w7958 October 2000 The Governance of the New Enterprise
  Raghuram G. Rajan and Luigi Zingales
• w7959 October 2000 Wiring the Labor Market
  David Autor
• w7960 October 2000 The Impact of the Estate Tax on the Wealth Accumulation and Avoidance Behavior of Donors
  Joel Slemrod and Wojciech Kopczuk
• w7961 October 2000 Internet Car Retailing
  Fiona Scott Morton, Florian Zettelmeyer, and Jorge Silva Risso
• w7965 October 2000 The Recent Transformation of Participatory Employment Practices in Japan
  Takao Kato
• w7964 October 2000 Does Factor-Biased Technological Change Stifle International Covergence? Evidence from Manufacturing
  Eli Berman
• w7963 October 2000 Retirement Responses to Early Social Security Benefit Reductions
  Olivia S. Mitchell and John W.R. Phillips
• w7962 October 2000 Technology, Trade, and Adjustment to Immigration in Israel
  Neil Gandal, Gordon H. Hanson, and Matthew J. Slaughter
• w7948 October 2000 Behavioral Economics
  Sendhil Mullainathan and Richard H. Thaler
• w7949 October 2000 The Nature and Nurture of Economic Outcomes
  Bruce Sacerdote
• w7950 October 2000 Simple Estimators for Treatment Parameters in a Latent Variable Framework with an Application to Estimating the Returns to Schooling
  James J. Heckman, Justin L. Tobias, and Edward Vytlacil
• w7951 October 2000 The Credit Crunch in East Asia: What can Bank Excess Liquid Assets Tell us?
  P.R. Agenor, J. Aizenman, and A. Hoffmaister
• w7952 October 2000 Ferreting Out Tunneling: An Application to Indian Business Groups
  Marianne Bertrand, Paras Mehta, and Sendhil Mullainathan
• w7953 October 2000 Indicator Variables for Optimal Policy
  Lars E.O. Svensson and Michael Woodford
• w7954 October 2000 A Re-examination of the Predictability of Economic Activity Using the Yield Spread
  James D. Hamilton and Dong Heon Kim
• w7955 October 2000 Decoupling at the Margin: The Threat to Monetary Policy from the Electronic Revolution in Banking
  Benjamin M. Friedman
• w7956 October 2000 Competition Between Private and Public Schools: Testing Stratification and Pricing Predictions
  Dennis Epple, David Figlio, and Richard Romano
• w7944 October 2000 Who Benefits Whom in Daily Newspaper Markets?
  Lisa George and Joel Waldfogel
• w7957 October 2000 The Zero Bound in an Open Economy: A Foolproof Way of Escaping from a Liquidity Trap
  Lars E.O. Svensson
• w7947 October 2000 The Diffusion of the Tractor in American Agriculture: 1910-60
  Alan L. Olmstead and Paul W. Rhode
• w7945 October 2000 Class Struggle Inside the Firm: A Study of German Codetermination
  Gary Gorton and Frank Schmid
• w7946 October 2000 A Historical Test of the Tiebout Hypothesis: Local Heterogeneity from 1850 to 1990
  Paul W. Rhode and Koleman S. Strumpf
• w7942 October 2000 Estimating the Effects of Covariates on Health Expenditures
  Donna B. Gilleskie and Thomas A. Mroz
• w7943 October 2000 Do R&D Subsidies Stimulate or Displace Private R&D? Evidence from Israel
  Saul Lach
• w7934 October 2000 Using Locational Equilibrium Models to Evaluate Housing Price Indexes
  Holger Sieg, V. Kerry Smith, Spencer Banzhaf, and Randy Walsh
• w7935 October 2000 IPO Market Cycles: Bubbles or Sequential Learning?
  Michelle Lowry and G. William Schwert
• w7936 October 2000 Idiosyncratic Risk and Aggregate Employment Dynamics
  Jeffrey R. Campbell and Jonas D.M.Fisher
• w7937 October 2000 Does Comparable Worth Work in a Decentralized Labor Market?
  Michael Baker and Nicole M. Fortin
• w7938 October 2000 Credit Market Imperfections and Persistent Unemployment
  Daron Acemoglu
• w7939 October 2000 The Evolution of Employment Relations in U.S. and Japanese Manufacturing Firms, 1900-1960: A Comparative Historical and Institutional Analysis
  Chiaki Moriguchi
• w7931 October 2000 The Gender Gap in Top Corporate Jobs
  Marianne Bertrand and Kevin F. Hallock
• w7941 October 2000 Increasing Returns and All That: A View From Trade
  Werner Antweiler and Daniel Trefler
• w7940 October 2000 Why Is Productivity Procyclical? Why Do We Care?
  Susanto Basu and John Fernald
• w7932 October 2000 Rising Wage Dispersion Across American Manufacturing Establishments, 1850-1880
  Jeremy Atack, Fred Bateman, and Robert A. Margo
• w7933 October 2000 The Distribution of Stock Return Volatility
  Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Heiko Ebens
• w7929 October 2000 The Effects of Bilateral Tax Treaties on U.S. FDI Activity
  Bruce A. Blonigen and Ronald B. Davies
• w7930 October 2000 R&D Policy in Israel: An Overview and Reassessment
  Manuel Trajtenberg
• w7928 October 2000 Taxing and Subsidizing Housing Investment: The Rise and Fall of Housing's Favored Status
  Patric H. Hendershott and Michael White
• w6518 September 2000 Rethinking the Role of NAIRU in Monetary Policy: Implications of Model Formulation and Uncertainty
  Arturo Estrella and Frederic S. Mishkin
• w7044 September 2000 International Experiences with Different Monetary Policy Regimes
  Frederic S. Mishkin
• w7922 September 2000 The Optimal Elasticity of Taxable Income
  Joel Slemrod and Wojciech Kopczuk
• w7923 September 2000 Does the Social Security Earnings Test Affect Labor Supply and Benefits Receipt?
  Jonathan Gruber and Peter Orszag
• w7924 September 2000 Does Managed Care Change the Mission of Nonprofit Hospitals? Evidence From the Managerial Labor Market
  Richard Arnould, Marianne Bertrand, and Kevin F. Hallock
• w7925 September 2000 On the Nature of Capital Adjustment Costs
  Russell W. Cooper and John C. Haltiwanger
• w7926 September 2000 Prudential Supervision: Why Is It Important and What are the Issues?
  Frederic S. Mishkin
• w7927 September 2000 Currency Unions
  Alberto Alesina and Robert J. Barro
• w7909 September 2000 Are Two Heads Better Than One?: An Experimental Analysis of Group vs. Individual Decisionmaking
  Alan S. Blinder and John Morgan
• w7899 September 2000 Aspects of Global Economic Intergration: Outlook for the Future
  Martin Feldstein
• t0262 September 2000 Treatment Effects for Discrete Outcomes when Responses to Treatment Vary Among Observationally Identical Persons: An Application to Norwegian ...
  Arild Aakvik, James J. Heckman, and Edward J. Vytlacil
• w7910 September 2000 Policy Rules and External Shocks
  Laurence Ball
• w7911 September 2000 International Data on Educational Attainment Updates and Implications
  Robert J. Barro and Jong-Wha Lee
• w7912 September 2000 Estimating the Rental Adjustment Process
  Patric H. Hendershott, Bryan D. MacGregor, and Raymond Y.C. Tse
• w7913 September 2000 A New Approach to Measuring Financial Contagion
  Kee-Hong Bae, G. Andrew Karolyi, and Rene M. Stulz
• w7914 September 2000 Endogenous Pricing to Market and Financing Costs
  Joshua Aizenman
• w7915 September 2000 Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models
  Bennett T. McCallum and Edward Nelson
• w7916 September 2000 The Present and Future of Monetary Policy Rules
  Bennett T. McCallum
• w7917 September 2000 Environmental Levies and Distortionary Taxation: Pigou, Taxation, and Pollution
  Gilbert E. Metcalf
• w7918 September 2000 Where Does State Street Lead? A First Look at Finance Patents, 1971-2000
  Josh Lerner
• w7919 September 2000 Causes of U.S. Bank Distress During the Depression
  Charles W. Calomiris and Joseph R. Mason
• w7904 September 2000 The World Technology Frontier
  Francesco Caselli and Wilbur John Coleman II
• w7905 September 2000 Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice
  Steven J. Davis and Paul Willen
• w7906 September 2000 Do the Rich Save More?
  Karen E. Dynan, Jonathan Skinner, and Stephen P. Zeldes
• w7920 September 2000 Taxing Multinationals
  Michael P. Devereux and R. Glenn Hubbard
• w7921 September 2000 Different Approaches to Bankruptcy
  Oliver Hart
• w7896 September 2000 Outside Funding of Community Organizations: Benefiting or Displacing the Poor?
  Mary Kay Gugerty and Michael Kremer
• w7897 September 2000 The Creation of Effective Property Rights
  Herschel I. Grossman
• w7898 September 2000 Inventors and Pirates: Creative Activity and Intellectual Property Rights
  Herschel I. Grossman
• t0260 September 2000 Semiparametric Estimation of Instrumental Variable Models for Causal Effects
  Alberto Abadie
• t0261 September 2000 Bootstrap Tests for the Effect of a Treatment on the Distribution of an Outcome Variable
  Alberto Abadie
• w7900 September 2000 Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?
  Michael D. Bordo and Antu P. Murshid
• w7901 September 2000 Verifiability and the Vanishing Intermediate Exchange Rate Regime
  Jeffrey Frankel, Sergio Schmukler, and Luis Serven
• w7907 September 2000 How Do Doctors Behave When Some (But Not All) of Their Patients are in Managed Care?
  Sherry Glied and Joshua Zivin
• w7908 September 2000 An Optimizing IS-LM Framework with Endogenous Investment
  Miguel Casares and Bennett T. McCallum
• w7903 September 2000 The Effect of the Tax Reform Act of 1986 on the Location of Assets in Financial Services Firms
  Rosanne Altshuler and R. Glenn Hubbard
• w7902 September 2000 International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information
  Menzie D. Chinn and Kenneth M. Kletzer
• w7895 September 2000 Live Long, Live Well: Quantifying the Health of Heterogenous Populations
  John Mullahy
• w7889 September 2000 Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
  Charles Engel
• w7890 September 2000 Upstairs, Downstairs: Computer-Skill Complementarity and Computer-Labor Substitution on Two Floors of a Large Bank
  David H. Autor, Frank Levy, and Richard Murnane
• w7891 September 2000 Measuring the "Ideas" Production Function: Evidence from International Patent Output
  Michael E. Porter and Scott Stern
• w7892 September 2000 The Regulation of Entry
  Simeon Djankov, Rafael La Porta, Florencio LopezdeSilanes, and Andrei Shleifer
• w7893 September 2000 The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms
  Todd Sinai and Joseph Gyourko
• w7894 September 2000 Entrepreneurship and Household Saving
  William M. Gentry and R. Glenn Hubbard
• w7881 September 2000 The Public-Private Mix in the Modern Health Care System - Concepts, Issues, and Policy Options Revisited
  Dov Chernichovsky
• w7882 September 2000 Aging and Housing Equity
  Steven F. Venti and David A. Wise
• w7884 September 2000 The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment
  N. Gregory Mankiw
• w7885 September 2000 Contagion in Latin America: Definitions, Measurement, and Policy Implications
  Kristin Forbes and Roberto Rigobon
• h0129 September 2000 One Kind of Freedom: Reconsidered (and Turbo Charged)
  Roger L. Ransom and Richard Sutch
• w7886 September 2000 Paying our Presidents: What do Trustees Value?
  Ronald G. Ehrenberg, John L. Cheslock, and Julia Epifantseva
• w7887 September 2000 The Impact of Information Technology on Emergency Health Care Outcomes
  Susan Athey and Scott Stern
• w7888 September 2000 The Impact of School Choice on Student Outcomes: An Analysis of the Chicago Public Schools
  Julie Berry Cullen, Brian Jacob, and Steven Levitt
• w7883 September 2000 Managed Care, Technology Adoption, and Health Care: The Adoption of Neonatal Intensive Care
  Laurence C. Baker and Ciaran S. Phibbs
• w7879 September 2000 A Debt Puzzle
  David Laibson, Andrea Repetto, and Jeremy Tobacman
• w7880 September 2000 Fin de Siecle Real Interest Parity
  Eiji Fujii and Menzie D. Chinn
• w7877 September 2000 When Does Funding Research by Smaller Firms Bear Fruit?: Evidence from the SBIR Program
  Joshua S. Gans and Scott Stern
• w7878 September 2000 Does the Internet Increase Trading? Evidence from Investor Behavior in 401(k) Plans
  James J. Choi, David Laibson, and Andrew Metrick
• w7873 September 2000 Asset Liquidity and Segment Divestitures
  Frederik P. Schlingemann, Rene M. Stulz, and Ralph A. Walkling
• w7874 September 2000 Educational Attainment in Blended Families
  Anne Case, I-Fen Lin, and Sara McLanahan
• w7875 September 2000 The Impact of Grading Standards on Student Achievement, Educational Attainment, and Entry-Level Earnings
  Julian R. Betts and Jeff Grogger
• w7876 September 2000 The Determinants of National Innovative Capacity
  Scott Stern, Michael E. Porter, and Jeffrey L. Furman
• w7868 September 2000 Diagnosing Market Power in California's Restructured Wholesale Electricity Market
  Severin Borenstein, James Bushnell, and Frank Wolak
• w7869 September 2000 Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
  V.V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan
• w7870 September 2000 International Business Cycles with Endogenous Incomplete Markets
  Patrick J. Kehoe and Fabrizio Perri
• w7871 September 2000 Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe
• w7872 September 2000 Currency Unions and International Integration
  Andrew K. Rose and Charles Engel
• w7102 August 2000 Lessons from the Asian Crisis
  Frederic S. Mishkin
• w7292 August 2000 Affiliates of U.S. and Japanese Multinationals in East Asian Production and Trade
  Robert E. Lipsey
• w7618 August 2000 Inflation Targeting in Emerging Market Countries
  Frederic S. Mishkin
• w7598 August 2000 The First Year of the Eurosystem: Inflation Targeting or Not?
  Lars E.O. Svensson
• w7866 August 2000 Would School Choice Change the Teaching Profession?
  Caroline Hoxby
• w7867 August 2000 Peer Effects in the Classroom: Learning from Gender and Race Variation
  Caroline Hoxby
• w7862 August 2000 Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations
  Ariel T. Burstein, Joao C. Neves, and Sergio Rebelo
• w7863 August 2000 The Economics of Religion, Jewish Survival and Jewish Attitudes Toward Competition in Torah Education
  Dennis W. Carlton and Avi Weiss
• w7864 August 2000 Do We Really Need a New International Monetary Compact?
  Maurice Obstfeld and Kenneth Rogoff
• w7865 August 2000 Do Pharmaceutical Prices Respond to Insurance?
  Nina Pavcnik
• w7861 August 2000 Accumulated Pension Collars: A Market Approach to Reducing the Risk of Investment-Based Social Security Reform
  Martin Feldstein and Elena Ranguelova
• w7859 August 2000 Political Jurisdictions in Heterogeneous Communities
  Alberto Alesina, Reza Baqir, and Caroline Hoxby
• w7860 August 2000 Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from an Unusual Policy Experiment
  Esther Duflo
• w7856 August 2000 Gold into Base Metals: Productivity Growth in the People's Republic of China during the Reform Period
  Alwyn Young
• w7857 August 2000 Estimating the Effect of Currency Unions on Trade and Output
  Jeffrey A. Frankel and Andrew K. Rose
• w7858 August 2000 Globalization of the Economy
  Jeffrey A. Frankel
• w7851 August 2000 When Does Start-Up Innovation Spur the Gale of Creative Destruction?
  Joshua S. Gans, David H. Hsu, and Scott Stern
• w7852 August 2000 Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants
  Nina Pavcnik
• w7853 August 2000 Monetary Policy in a World Without Money
  Michael Woodford
• w7854 August 2000 Ability Tracking, School Competition, and the Distribution of Educational Benefits
  Dennis Epple, Elizabeth Newlon, and Richard Romano
• w7855 August 2000 Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets
  Graciela Kaminsky, Richard K. Lyons, and Sergio Schmukler
• t0259 August 2000 Instrumental Variables, Selection Models, and Tight Bounds on the Average Treatment Effect
  James J. Heckman and Edward J. Vytlacil
• w7846 August 2000 What Explains Skill Upgrading in Less Developed Countries?
  Nina Pavcnik
• w7847 August 2000 A Model for the Federal Funds Rate Target
  James D. Hamilton and Oscar Jorda
• w7848 August 2000 Factor Supplies and Specialization in the World Economy
  James Harrigan and Egon Zakrajsek
• w7849 August 2000 Creative Destruction and Development: Institutions, Crises, and Restructuring
  Ricardo J. Caballero and Mohamad L. Hammour
• t0258 August 2000 Interactions-Based Models
  William Brock and Steven N. Durlauf
• w7850 August 2000 Neighborhood Schools, Choice, and the Distribution of Educational Benefits
  Dennis Epple and Richard Romano
• w7845 August 2000 Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
  Michael Klein, Joe Peek, and Eric Rosengren
• w7843 August 2000 Industry-University Cooperative Research Centers
  James D. Adams, Eric P. Chiang, and Katara Starkey
• w7844 August 2000 Was There a Riverside Miracle? A Framework for Evaluating Multi-Site Programs
  Rajeev Dehejia
• w7841 August 2000 Body Weight and Women's Labor Market Outcomes
  John Cawley
• w7842 August 2000 Regulating Executive Pay: Using the Tax Code to Influence CEO Compensation
  Nancy L. Rose and Catherine Wolfram
• w7839 August 2000 'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?
  Christopher D. Carroll
• w7840 August 2000 Balance Sheets and Exchange Rate Policy
  Luis Felipe Cespedes, Roberto Chang, and Andres Velasco
• w7836 August 2000 Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography
  David C. Parsley and Shang-Jin Wei
• t0257 August 2000 Bias from Classical and Other Forms of Measurement Error
  Dean R. Hyslop and Guido W. Imbens
• w7834 August 2000 Is Mobility of Technical Personnel a Source of R&D Spillovers?
  Jarle Møen
• w7837 August 2000 Perspectives on the Budget Surplus
  Alan J. Auerbach and William G. Gale
• w7838 August 2000 The Behavioral Dynamics of Youth Smoking
  Donna B. Gilleskie and Koleman S. Strumpf
• w7832 August 2000 Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans
  Daniel Altman, David M. Cutler, and Richard Zeckhauser
• w7833 August 2000 Does the "New Economy" Measure up to the Great Inventions of the Past?
  Robert J. Gordon
• w7835 August 2000 Rebels, Conformists, Contrarians and Momentum Traders
  Evan Gatev and Stephen A. Ross
• w7819 August 2000 Estimating Production Functions Using Inputs to Control for Unobservables
  James Levinsohn and Amil Petrin
• w7820 August 2000 Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling
  James Heckman and Edward Vytlacil
• w7821 August 2000 On the Marginal Source of Investment Funds
  Alan J. Auerbach and Kevin A. Hassett
• w7822 August 2000 Strategic Trade, Competitive Industries and Agricultural Trade Disputes
  Kyle Bagwell and Robert W. Staiger
• w7823 August 2000 Fiscal Policies in Open Cities with Firms and Households
  Andrew Haughwout and Robert P. Inman
• w7830 August 2000 Social Security and Retirement
  Courtney Coile and Jonathan Gruber
• w7831 August 2000 Selection on Observed and Unobserved Variables: Assessing the Effectiveness of Catholic Schools
  Joseph G. Altonji, Todd E. Elder, and Christopher R. Taber
• w7829 August 2000 Medicaid
  Jonathan Gruber
• w7828 August 2000 The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China
  Alwyn Young
• w7827 August 2000 Capital Gains Holding Periods and Equity Trading: Evidence from the 1998 Tax Act
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford
• w7825 August 2000 The Antebellum Tariff on Cotton Textiles Revisited
  Douglas A. Irwin and Peter Temin
• w7826 August 2000 Portfolios of the Rich
  Christopher D. Carroll
• w7824 August 2000 On the Benefits of Dollarization when Stabilization Policy is not Credible and Financial Markets are Imperfect
  Enrique G. Mendoza
• w7815 July 2000 The Tenuous Tradeoff Between Risk and Incentives
  Canice Prendergast
• w7816 July 2000 The Medical Treatment of Depression, 1991-1996: Productive Inefficiency, Expected Outcome Variations, and Price Indexes
  Ernst R. Berndt, Anupa Bir, Susan H. Busch, Richard G. Frank, and Sharon-Lise T. Normand
• w7817 July 2000 Technology, Unemployment, and Inflation
  Jacob Mincer and Stephan Danninger
• w7818 July 2000 Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
  Charles Engel
• w7813 July 2000 Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s
  Sebastian Edwards and Raul Susmel
• w7814 July 2000 Elderly Asset Management and Health: An Empirical Analysis
  Jonathan S. Feinstein and Chih-Chin Ho
• w7810 July 2000 Interpreting Developed Countries' Foreign Direct Investment
  Robert E. Lipsey
• w7811 July 2000 The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death
  James M. Poterba and Scott Weisbenner
• w7812 July 2000 Mortality Risk, Inflation Risk, and Annuity Products
  Jeffrey R. Brown, Olivia S. Mitchell, and James M. Poterba
• w7807 July 2000 The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally
  Kristin Forbes
• w7808 July 2000 Firm Value, Risk, and Growth Opportunities
  Hyun-Han Shin and Rene M. Stulz
• w7809 July 2000 The Expectations Trap Hypothesis
  Lawrence J. Christiano and Christopher J. Gust
• w7805 July 2000 Evolving Standards for Academic Publishing: A q-r Theory
  Glenn Ellison
• w7806 July 2000 Child Care Subsidy Programs
  David M. Blau
• w7798 July 2000 Winning Isn't Everything: Corruption in Sumo Wrestling
  Mark Duggan and Steven D. Levitt
• w7799 July 2000 Market Responses to Interindustry Wage Differentials
  George J. Borjas and Valerie A. Ramey
• w7800 July 2000 Technical Change, Inequality, and the Labor Market
  Daron Acemoglu
• w7801 July 2000 Interest Rates, Contagion and Capital Controls
  Sebastian Edwards
• w7802 July 2000 Collective Choice and Voluntary Provision of Public Goods
  Dennis Epple and Richard Romano
• w7803 July 2000 Does Diversification Destroy Value? Evidence From Industry Shocks
  Owen Lamont and Christopher Polk
• w7804 July 2000 The Slowdown of the Economics Publishing Process
  Glenn Ellison
• w7795 July 2000 Country Portfolios
  Aart Kraay, Norman Loayza, Luis Serven, and Jaume Ventura
• w7796 July 2000 On the Gains to International Trade in Risky Financial Assets
  Steven J. Davis, Jeremy Nalewaik, and Paul Willen
• w7797 July 2000 Looking for Contagion: Evidence from the ERM
  Carlo A. Favero and Francesco Giavazzi
• w7792 July 2000 Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
  Ricardo J. Caballero and Arvind Krishnamurthy
• w7793 July 2000 Inequality and Growth: What Can the Data Say?
  Abhijit V. Banerjee and Esther Duflo
• w7794 July 2000 When Unions "Mattered": Assessing the Impact of Strikes on Financial Markets: 1925-1937
  John DiNardo and Kevin F. Hallock
• w7789 July 2000 Hospital Ownership and Public Medical Spending
  Mark Duggan
• w7790 July 2000 Consumer City
  Ed Glaeser, Jed Kolko, and Albert Saiz
• w7791 July 2000 Bequests as Signals: An Explanation for the Equal Division Puzzle
  B. Douglas Bernheim and Sergei Severinov
• w7781 July 2000 Risky Behavior Among Youths: An Economic Analysis
  Jonathan Gruber
• w7782 July 2000 Macroeconomic Volatility in Latin America: A View and Three Case Studies
  Ricardo J. Caballero
• w7783 July 2000 Why Stocks May Disappoint
  Andrew Ang, Geert Bekaert, and Jun Liu
• w7784 July 2000 Land, Labor and Globalization in the Pre-Industrial Third World
  Jeffrey G. Williamson
• w7785 July 2000 The Dynamics of Car Sales: A Discrete Choice Approach
  Jerome Adda and Russell Cooper
• w7786 July 2000 Building the IPO Order Book: Underpricing and Participation Limits With Costly Information
  Ann E. Sherman and Sheridan Titman
• w7776 July 2000 Tariff-Jumping Antidumping Duties
  Bruce A. Blonigen
• w7777 July 2000 The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
  Maurice Obstfeld and Kenneth Rogoff
• w7778 July 2000 The Equity Premium and Structural Breaks
  Lubos Pastor and Robert F. Stambaugh
• w7774 July 2000 Tax and Subsidy Combinations for the Control of Car Pollution
  Don Fullerton and Sarah West
• w7775 July 2000 A Framework for Assessing Estate and Gift Taxation
  Louis Kaplow
• w7788 July 2000 Product Prices and the OECD Cycle
  Aart Kraay and Jaume Ventura
• w7787 July 2000 Simon S. Kuznets: April 30, 1901-July 9, 1985
  Robert W. Fogel
• w7779 July 2000 Evaluating and Investing in Equity Mutual Funds
  Lubos Pastor and Robert F. Stambaugh
• w7780 July 2000 Youth Smoking in the U.S.: Evidence and Implications
  Jonathan Gruber and Jonathan Zinman
• w6545 June 2000 Open-Economy Inflation Targeting
  Lars E. O. Svensson
• w6675 June 2000 Nominal Income Targeting in an Open-Economy Optimizing Model
  Bennett T. McCallum and Edward Nelson
• w7094 June 2000 The Role of Foreign Direct Investment in International Capital Flows
  Robert E. Lipsey
• w7178 June 2000 Does the P* Model Provide Any Rationale for Monetary Targeting?
  Lars E.O. Svensson
• w7232 June 2000 Federalism and Takeover Law: The Race to Protect Managers from Takeovers
  Lucian Arye Bebchuk and Allen Ferrell
• w7772 June 2000 Consumption Externalities and Diffusion in Pharmaceutical Markets: Antiulcer Drugs
  Ernst R. Berndt, Robert S. Pindyck, and Pierre Azoulay
• w7773 June 2000 The Cost of Job Security Regulation: Evidence from Latin American Labor Markets
  James J. Heckman and Carmen Pages
• w7769 June 2000 Estimating the Return to Schooling: Progress on Some Persistent Econometric Problems
  David Card
• w7768 June 2000 On the Instability of Variance Decompositions of the Real Exchange Rate across Exchange-Rate-Regimes: Evidence from Mexico and the United States
  Enrique G. Mendoza
• h0128 June 2000 The Political Economy of Race, 1940-1964: The Adoption of State-Level Fair Employment Legislation
  William J. Collins
• w7770 June 2000 Pensions and Contemporary Socioeconomic Change
  Assar Lindbeck
• w7771 June 2000 The Colonial Origins of Comparative Development: An Empirical Investigation
  Daron Acemoglu, Simon Johnson, and James A. Robinson
• w7766 June 2000 Quality of Bureaucracy and Open-Economy Macro Policies
  Chong-En Bai and Shang-Jin Wei
• w7757 June 2000 The US Economic Model at Y2K: Lodestar for Advanced Capitalism?
  Richard B. Freeman
• w7758 June 2000 Alcohol Consumption and Alcohol Advertising Bans
  Henry Saffer
• w7759 June 2000 The Boskin Commission Report and its Aftermath
  Robert J. Gordon
• w7760 June 2000 The Economic Impacts of the Tobacco Settlement
  David M. Cutler, Jonathan Gruber, Raymond S. Hartman, M.B. Landrum, J. Newhouse, and Meredith B. Rosenthal
• w7761 June 2000 Borrowing Constraints and the Returns to Schooling
  Stephen Cameron and Christopher Taber
• w7762 June 2000 Generational Conflict, Human Capital Accumulation, and Economic Growth
  Douglas Holtz-Eakin, Mary E. Lovely, and Mehmet S. Tosun
• w7763 June 2000 Emerging Equity Markets and Economic Development
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad
• w7764 June 2000 Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
  Douglas W. Diamond and Raghuram G. Rajan
• w7765 June 2000 Natural Openness and Good Government
  Shang-Jin Wei
• h0127 June 2000 "Rain Follows the Plow" and Dryfarming Doctrine: The Climate Information Problem and Homestead Failure in the Upper Great Plains, 1890-1925
  Gary D. Libecap and Zeynep Kocabiyik Hansen
• t0256 June 2000 Encompassing Tests When No Model Is Encompassing
  Kenneth D. West
• w7756 June 2000 Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance
  Susan Dynarski
• t0255 June 2000 Robust Covariance Matrix Estimation with Data-Dependent VAR Prewhitening Order
  Wouter J. den Haan and Andrew T. Levin
• w7754 June 2000 Benevolent Colluders? The Effects of Antitrust Action on College Financial Aid and Tuition
  Caroline M. Hoxby
• w7755 June 2000 What is an Oil Shock?
  James D. Hamilton
• w7767 June 2000 Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate
  Martin Feldstein and Andrew Samwick
• w7753 June 2000 Robust-H-infinity Forecasting and Asset Pricing Anomalies
  Aaron Tornell
• t0254 June 2000 Direct Estimation of Policy Impacts
  Hidehiko Ichimura and Christopher R. Taber
• w7748 June 2000 Cephalon, Inc. Taking Risk Management Theory Seriously
  George Chacko, Peter Tufano, and Geoffrey Verter
• w7749 June 2000 Race and the Value of Owner-Occupied Housing, 1940-1990
  William J. Collins and Robert A. Margo
• w7751 June 2000 The Rise and Fall of Foreign Exchange Market Intervention
  Anna J. Schwartz
• w7752 June 2000 Interpreting the "One Big Wave" in U.S. Long-Term Productivity Growth
  Robert J. Gordon
• w7750 June 2000 Determinants of Long-Term Growth: A Bayesian Averaging of Classical Estimates (BACE) Approach
  Gernot Doppelhofer, Ronald I. Miller, and Xavier Sala-i-Martin
• w7739 June 2000 The Effects of Investing Social Security Funds in the Stock Market When Fixed Costs Prevent Some Households from Holding Stocks
  Andrew B. Abel
• w7740 June 2000 International Liquidity Management: Sterilization Policy in Illiquid Financial Markets
  Ricardo J. Caballero and Arvind Krishnamurthy
• w7741 June 2000 Market Value and Patent Citations: A First Look
  Bronwyn H. Hall, Adam B. Jaffe, and Manuel Trajtenberg
• w7742 June 2000 Examining the Incidence of Downsizing and Its Effect on Establishment Performance
  Peter Cappelli
• w7743 June 2000 Savings and the Terms of Trade Under Borrowing Constraints
  Pierre-Richard Agenor and Joshua Aizenman
• w7744 June 2000 Estimating the General Equilibrium Benefits of Large Policy Changes: The Clean Air Act Revisited
  Holger Sieg, V. Kerry Smith, H. Spencer Banzhaf, and Randy Walsh
• w7745 June 2000 Does Trade Raise Income? Evidence from the Twentieth Century
  Douglas A. Irwin and Marko Tervio
• w7746 June 2000 Financial Crisis, Health Outcomes and Aging: Mexico in the 1980s and 1990s
  David M. Cutler, Felicia Knaul, Rafael Lozano, Oscar Mendez, and Beatriz Zurita
• w7747 June 2000 How Good a Deal Was the Tobacco Settlement?: Assessing Payments to Massachusetts
  David M. Cutler, Arnold M. Epstein, Richard G. Frank, Raymond Hartman, Charles King III, Joseph P. Newhouse, Meredith B. Rosenthal, and Elizabeth Richardson Vigdor
• h0126 June 2000 Conjectural Estimates of Economic Growth in the Lower South, 1720 to 1800
  Peter C. Mancall, Joshua L. Rosenbloom, and Thomas Weiss
• w7737 June 2000 Language-Skill Complementarity: Returns to Immigrant Language Acquisition
  Eli Berman, Kevin Lang, and Erez Siniver
• w7738 June 2000 Exchange Rate Regimes and Financial-Market Imperfections
  Joshua Aizenman and Ricardo Hausmann
• w7732 June 2000 Gender Differences in Pay
  Francine D. Blau and Lawrence M. Kahn
• w7733 June 2000 An Introduction to School-To-Work Programs in the NLSY97: How Prevalent are They, and Which Youths do They Serve?
  David Neumark and Mary Joyce
• w7734 June 2000 Delaying the Inevitable: Optimal Interest Rate Policy and BOP Crises
  Amartya Lahiri and Carlos A. Vegh
• w7735 June 2000 Participation and Investment Decisions in a Retirement Plan: The Influence of Colleagues' Choices
  Esther Duflo and Emmanuel Saez
• w7736 June 2000 Do Debt Flows Crowd Out Equity Flows Or the Other Way Round?
  Assaf Razin, Efraim Sadka, and Chi-Wa Yuen
• w7731 June 2000 Uncertainty and Labor Contract Durations
  Robert Rich and Joseph Tracy
• w7725 June 2000 Alternative Monetary Policy Rules: A Comparison with Historical Settings for the United States, the United Kingdom, and Japan
  Bennett T. McCallum
• w7726 June 2000 The Structure and Conduct of Corporate Lobbying: How Firms Lobby the Federal Communications Commission
  John M. de Figueiredo and Emerson H. Tiller
• w7730 June 2000 Changes in Managerial Pay Structures 1986-1992 and Rising Returns to Skill
  K.C. O'Shaughnessy, David I. Levine, and Peter Cappelli
• w7729 June 2000 Last Minute Bidding and the Rules for Ending Second-Price Auctions: Theory and Evidence from a Natural Experiment on the Internet
  Alvin E. Roth and Axel Ockenfels
• w7728 June 2000 The Economic Approach to Social Capital
  Edward L. Glaeser, David Laibson, and Bruce Sacerdote
• w7727 June 2000 Controlling Stocks and Flows to Promote Quality: The Environment, With Applications to Physical and Human Capital
  Nathaniel O. Keohane, Benjamin Van Roy, and Richard J. Zeckhauser
• w7724 June 2000 The International Monetary Fund: Its Present Role in Historical Perspective
  Michael D. Bordo and Harold James
• w7723 June 2000 Should the Government Subsidize Supply or Demand in the Market for Scientists and Engineers?
  Paul M. Romer
• w6509 May 2000 The Effect of Offer-of-Settlement Rules on the Terms of Settlement
  Lucian Arye Bebchuk and Howard F. Chang
• w6578 May 2000 Income Taxes and Entrepreneurs' Use of Labor
  Robert Carroll, Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen
• w6713 May 2000 Would a Privatized Social Security System Really Pay a Higher Rate of Return
  John Genakoplos, Olivia S. Mitchell, and Stephen P. Zeldes
• w6722 May 2000 Social Security Money's Worth
  John Geanakoplos, Olivia S. Mitchell, and Stephen P. Zeldes
• w7722 May 2000 Debt Restructuring
  Benjamin M. Friedman
• w7716 May 2000 Creating Markets for New Vaccines Part I: Rationale
  Michael Kremer
• w7717 May 2000 Creating Markets for New Vaccines Part II: Design Issues
  Michael Kremer
• w7718 May 2000 Who is Selling the Ivory Tower? Sources of Growth in University Licensing
  Jerry G. Thursby and Marie C. Thursby
• w7719 May 2000 Evaluating School-To-Work Programs Using the New NLSY
  David Neumark and Mary Joyce
• w7715 May 2000 Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999
  Charles W. Calomiris and Andrew Powell
• w7721 May 2000 The Old and the New in U.S. Economic Expansion of the 1990s
  Victor Zarnowitz
• w7720 May 2000 Institutions, Restructuring, and Macroeconomic Performance
  Ricardo J. Caballero and Mohamad L. Hammour
• w7713 May 2000 Explaining the Rise in Youth Suicide
  David M. Cutler, Edward Glaeser, and Karen Norberg
• w7714 May 2000 Foreign and Domestic Bank Participation in Emerging Markets: Lessons from Mexico and Argentina
  Linda Goldberg, B. Gerard Dages, and Daniel Kinney
• w7708 May 2000 Optimal Income Transfer Programs: Intensive Versus Extensive Labor Supply Responses
  Emmanuel Saez
• w7709 May 2000 Time Limits and Welfare Use
  Jeff Grogger
• w7710 May 2000 A Dynamic Analysis of the Market for Wide-Bodied Commercial Aircraft
  C. Lanier Benkard
• w7711 May 2000 Reexamining the Empirical Evidence for an Environmental Kuznets Curve
  William Harbaugh, Arik Levinson, and David Wilson
• w7712 May 2000 The Strategic Positioning of Store Brands in Retailer - Manufacturer Bargaining
  Fiona Scott Morton and Florian Zettelmeyer
• w7698 May 2000 Merit Motives and Government Intervention: Public Finance in Reverse
  Casey B. Mulligan and Tomas J. Philipson
• w7699 May 2000 Estimation Risk, Market Efficiency, and the Predictability of Returns
  Jonathan Lewellen and Jay Shanken
• w7700 May 2000 Foreign Direct Investments in Services and the Domestic Market for Expertise
  James R. Markusen, Thomas F. Rutherford, and David Tarr
• w7701 May 2000 Measuring Real Economic Effects of Bailouts: Historical Perspectives on How Countries in Financial Distress Have Fared With and Without Bailouts
  Michael D. Bordo and Anna J. Schwartz
• w7702 May 2000 Trade Implies Law: The Power of the Weak
  James E. Anderson and Leslie Young
• w7703 May 2000 Marijuana and Youth
  R. L. Pacula, M. Grossman, F. J. Chaloupka, P. M. O'Malley, L. Johnston, and M. C. Farrelly
• w7704 May 2000 The Pace of Progress at Superfund Sites: Policy Goals and Interest Group Influence
  Hilary Sigman
• w7705 May 2000 Information Production and Capital Allocation: Decentralized vs. Hierarchical Firms
  Jeremy C. Stein
• w7706 May 2000 In Search of New Foundations
  Luigi Zingales
• w7707 May 2000 The Distribution of Payroll and Income Tax Burdens, 1979-1999
  Andrew Mitrusi and James Poterba
• w7683 May 2000 Selling Company Shares to Reluctant Employees: France Telecom's Experience
  Francois Degeorge, Dirk Jenter, Alberto Moel, and Peter Tufano
• w7684 May 2000 The Information Technology Revolution and the Stock Market: Evidence
  Bart Hobijn and Boyan Jovanovic
• w7685 May 2000 Does Distance Still Matter? The Information Revolution in Small Business Lending
  Mitchell A. Petersen and Raghuram G. Rajan
• w7686 May 2000 Youths at Nutritional Risk: Malnourished or Misnourished?
  Jay Bhattacharya and Janet Currie
• w7687 May 2000 Forecasting Crashes: Trading Volume, Past Returns and Conditional Skewness in Stock Prices
  Joseph Chen, Harrison Hong, and Jeremy C. Stein
• w7688 May 2000 Plants and Productivity in International Trade
  Andrew B. Bernard, Jonathan Eaton, J. Bradford Jenson, and Samuel Kortum
• w7689 May 2000 Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?
  Allen N. Berger, Margaret K. Kyle, and Joseph M. Scalise
• w7690 May 2000 Building and Delivering the Virtual World: Commercializing Services for Internet Access
  Shane Greenstein
• w7691 May 2000 Mothers and Others: Who Invests in Children's Health?
  Anne Case and Christina Paxson
• w7692 May 2000 The Impact of Maternal Alcohol and Illicit Drug Use on Children's Behavior Problems: Evidence from the Children of the National Longitudinal Survey...
  Pinka Chatterji and Sara Markowitz
• w7693 May 2000 FDI in the Restructuring of the Japanese Economy
  Magnus Blomstrom, Denise Konan, and Robert E. Lipsey
• w7694 May 2000 Credit Constraints in the Market for Consumer Durables: Evidence from Micro Data on Car Loans
  Orazio Attanasio, Pinelopi K. Goldberg, and Ekaterini Kyriazidou
• w7695 May 2000 Quantifying Quality Growth
  Mark Bils and Peter J. Klenow
• w7696 May 2000 State-Owned Enterprises, Shirking and Trade Liberalization
  Madanmohan Ghosh and John Whalley
• w7697 May 2000 The Changing Structure of Wages in the US and Germany: What Explains the Differences?
  Paul Beaudry and David Green
• w7682 May 2000 The Power of Suggestion: Inertia in 401(k) Participation and Savings Behavior
  Brigitte C. Madrian and Dennis F. Shea
• t0253 May 2000 Estimating Euler Equations
  Orazio P. Attanasio and Hamish Low
• w7681 May 2000 Price Level Convergence Among United States Cities: Lessons for the European Central Bank
  Stephen G. Cecchetti, Nelson C. Mark, and Robert J. Sonora
• t0252 April 2000 Local Instrumental Variables
  James J. Heckman and Edward J. Vytlacil
• w6767 April 2000 Economic Recovery from the Argentine Great Depression: Institutions, Expectations, and the Change of Macroeconomic Regime
  Gerardo della Paolera and Alan M. Taylor
• w6919 April 2000 Managerial Value Diversion and Shareholder Wealth
  Lucian Arye Bebchuk and Christine Jolls
• w7680 April 2000 Can Monopoly Unionism Explain Publicly Induced Retirement?
  Casey B. Mulligan
• w7675 April 2000 The Cost Channel of Monetary Transmission
  Marvin J. Barth III and Valerie A. Ramey
• w7676 April 2000 The Determinants of Punishment: Deterrence, Incapacitation and Vengeance
  Edward L. Glaeser and Bruce Sacerdote
• w7677 April 2000 Theoretical Analysis Regarding a Zero Lower Bound on Nominal Interest Rates
  Bennett T. McCallum
• w7678 April 2000 Human Capital, Heterogeneity, and Estimated Degrees of Intergenerational Mobility
  Song Han and Casey B. Mulligan
• w7679 April 2000 Induced Retirement, Social Security, and the Pyramid Mirage
  Casey B. Mulligan
• w7673 April 2000 The Demand for Medical Care in Urban China
  H. Naci Mocan, Erdal Tekin, and Jeffrey S. Zax
• w7674 April 2000 Demand Side Considerations and the Trade and Wages Debate
  Lisandro Abrego and John Whalley
• w7668 April 2000 Understanding the Fiscal Theory of the Price Level
  Lawrence J. Christiano and Terry J. Fitzgerald
• w7669 April 2000 Tax Externalities of Equity Mutual Funds
  John B. Shoven, Joel Dickson, and Clemens Sialm
• w7670 April 2000 Games Daughters and Parents Play: Teenage Childbearing, Parental Reputation, and Strategic Transfers
  Lingxin Hao, V. Joseph Hotz, and Ginger Zhe Jin
• w7671 April 2000 Information and Globalization: Wage Co-Movements, Labor Demand Elasticity, and Conventional Trade Liberalization
  James E. Rauch and Vitor Trindade
• w7672 April 2000 The Timing of Purchases and Aggregate Fluctuations
  John V. Leahy and Joseph Zeira
• w7666 April 2000 Parental Employment and Child Cognitive Development
  Christopher J. Ruhm
• w7667 April 2000 Medicaid Expansions and Welfare Contractions: Offsetting Effects on Prenatal Care and Infant Health?
  Janet Currie and Jeffrey Grogger
• w7659 April 2000 Investment-Cash Flow Sensitivities are not Valid Measures of Financing Constraints
  Steven N. Kaplan and Luigi Zingales
• w7660 April 2000 Financial Contracting Theory Meets the Real World: An Empirical Analysis of Venture Capital Contracts
  Steven N. Kaplan and Per Stromberg
• w7662 April 2000 The Significance of Federal Taxes as Automatic Stabilizers
  Alan J. Auerbach and Daniel Feenberg
• w7661 April 2000 Evaluating the Specification Errors of Asset Pricing Models
  Robert J. Hodrick and Xiaoyan Zhang
• w7663 April 2000 Estate Taxes and Charitable Bequests by the Wealthy
  David Joulfaian
• w7664 April 2000 The Transition Economies After Ten Years
  Stanley Fischer and Ratna Sahay
• w7665 April 2000 Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibility
  Michael B. Devereux and Charles Engel
• w7658 April 2000 Dropout and Enrollment Trends in the Post-War Period: What Went Wrong in the 1970s?
  David Card and Thomas Lemieux
• w7657 April 2000 Free Trade and Global Warming: A Trade Theory View of the Kyoto Protocol
  Brian R. Copeland and M. Scott Taylor
• w7655 April 2000 Can Falling Supply Explain the Rising Return to College for Younger Men? A Cohort-Based Analysis
  David Card and Thomas Lemieux
• w7656 April 2000 The Effect of Attending a Small Class in the Early Grades on College-Test Taking and Middle School Test Results: Evidence from Project STAR
  Alan Krueger and Diane Whitmore
• w7652 April 2000 Aggregate Price Shocks and Financial Instability: An Historical Analysis
  Michael D. Bordo, Michael J. Dueker, and David C. Wheelock
• h0125 April 2000 Aggregate Price Shocks and Financial Instability: An Historical Analysis
  Michael D. Bordo, Michael J. Dueker, and David C. Wheelock
• w7653 April 2000 The Bail-In Problem: Systematic Goals, Ad Hoc Means
  Barry Eichengreen and Christof Ruehl
• w7654 April 2000 Neutralizing the Adverse Industry Impacts of CO2 Abatement Policies: What Does it Cost?
  A. Lans Bovenberg and Lawrence H. Goulder
• w7651 April 2000 Social Security Incentives for Retirement
  Courtney Coile and Jonathan Gruber
• w7647 April 2000 What Have We Learned from the Reagan Deficits and Their Disappearance?
  Benjamin M. Friedman
• w7648 April 2000 Behavioral and Distributional Effects of Environmental Policy Introduction
  Carlo Carraro and Gilbert E. Metcalf
• w7649 April 2000 Horizontal Equity: New Measures, Unclear Principles
  Louis Kaplow
• w7650 April 2000 American Living Standards, 1888-1994: Evidence From Consumer Expenditures
  Dora L. Costa
• w7645 April 2000 Controls on Capital Inflows: Do they Work?
  Jose De Gregorio, Sebastian Edwards, and Rodrigo O. Valdes
• w7646 April 2000 Economic Reforms and Labor Markets: Policy Issues and Lessons from Chile
  Sebastian Edwards and Alejandra Cox Edwards
• w7643 April 2000 Universities as Research Partners
  Bronwyn H. Hall, Albert N. Link, and John T. Scott
• w7644 April 2000 Capital Gains Taxes and Stock Reactions to Quarterly Earnings Announcements
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford
• w7638 April 2000 How Did the United States Become a Net Exporter of Manufactured Goods?
  Douglas A. Irwin
• w7639 April 2000 Tariffs and Growth in Late Nineteenth Century America
  Douglas A. Irwin
• w7640 April 2000 Could the U.S. Iron Industry Have Survived Free Trade After the Civil War?
  Douglas A. Irwin
• w7641 April 2000 Ohlin Versus Stolper-Samuelson?
  Douglas A. Irwin
• w7642 April 2000 Trade and the Rate of Income Convergence
  Dan Ben-David and Ayal Kimhi
• w7633 April 2000 Growth and Business Cycles
  Larry Jones, Rodolfo Manuelli, and Henry Siu
• w7634 April 2000 Contractibility and Asset Ownership: On-Board Computers and Governance in U.S. Trucking
  George P. Baker and Thomas N. Hubbard
• w7635 April 2000 Foreign-Born Teaching Assistants and the Academic Performance of Undergraduates
  George J. Borjas
• w7636 April 2000 Why Do the Poor Live in Cities?
  Edward L. Glaeser, Matthew E. Kahn, and Jordan Rappaport
• w7637 April 2000 Why Do Temporary Help Firms Provide Free General Skills Training?
  David H. Autor
• w7631 April 2000 The Meaning of Patent Citations: Report on the NBER/Case-Western Reserve Survey of Patentees
  Adam B. Jaffe, Manuel Trajtenberg, and Michael S. Fogarty
• w7632 April 2000 When Did Globalization Begin?
  Kevin H. O'Rourke and Jeffrey G. Williamson
• h0124 April 2000 How Long Did It Take the United States to Become an Optimal Currency Area?
  Hugh Rockoff
• w7581 March 2000 Medium-Term Determinants of Current Accounts in Industrial and Developing Countries: An Empirical Exploration
  Menzie D. Chinn and Eswar S. Prasad
• w6130 March 2000 Nonparametric Risk Management and Implied Risk Aversion
  Yacine Ait-Sahalia and Andrew W. Lo
• w6521 March 2000 An Economic Analysis of Transnational Bankruptcies
  Lucian Arye Bebchuk and Andrew T. Guzman
• w7087 March 2000 Role of the Minimal State Variable Criterion
  Bennett T. McCallum
• w7628 March 2000 Using Elasticities to Derive Optimal Income Tax Rates
  Emmanuel Saez
• w7629 March 2000 Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements
  Mark Carey
• w7630 March 2000 From Benign Neglect to Malignant Preoccupation: U.S. Balance-of-Payments Policy in the 1960s
  Barry Eichengreen
• w7625 March 2000 Trading Volume: Definitions, Data Analysis, and Implications of Portfolio Theory
  Andrew W. Lo and Jiang W. Wang
• w7624 March 2000 Can Subsidies for MARs be Procompetitive?
  Kala Krishna, Suddhasatwa Roy, and Marie C. Thursby
• w7626 March 2000 Taxes, High-Income Executives, and the Perils of Revenue Estimation in the New Economy
  Austan Goolsbee
• w7627 March 2000 What has Welfare Reform Accomplished? Impacts on Welfare Participation, Employment, Income, Poverty, and Family Structure
  Robert F. Schoeni and Rebecca M. Blank
• w7619 March 2000 Horatio Alger Meets the Mobility Tables
  Douglas Holtz-Eakin, Harvey S. Rosen, and Robert Weathers
• t0251 March 2000 Efficient Estimation of Average Treatment Effects Using the Estimated Propensity Score
  Keisuke Hirano, Guido W. Imbens, and Geert Ridder
• w7620 March 2000 Government Ownership of Banks
  Rafael La Porta, Florencio Lopezde-Silanes, and Andrei Shleifer
• w7621 March 2000 The Determinants of Trust
  Alberto Alesina and Eliana La Ferrara
• w7622 March 2000 Pricing Upward-Only Adjusting Leases
  Brent W. Ambrose, Patric H. Hendershott, and Malgorzata M. Klosek
• w7623 March 2000 Outward FDI and Parent Exports and Employment: Japan, the United States, and Sweden
  Robert E. Lipsey, Eric D. Ramstetter, and Magnus Blomstrom
• w7615 March 2000 Covariance Risk, Mispricing, and the Cross Section of Security Returns
  Kent D. Daniel, David Hirshleifer, and Avanidhar Subrahmanyam
• w7616 March 2000 Federalism with and without Political Centralization: China versus Russia
  Olivier Blanchard and Andrei Shleifer
• w7617 March 2000 Monetary Policy Strategies for Latin America
  Frederic S. Mishkin and Miguel A. Savastano
• w7610 March 2000 Skill Compression, Wage Differentials and Employment: Germany vs. the US
  Richard B. Freeman and Ronald Schettkat
• w7611 March 2000 Low Wage Services: Interpreting the US - German Difference
  Richard B. Freeman and Ronald Schettkat
• w7612 March 2000 The Influence of Federal Laboratory R&D on Industrial Research
  James D. Adams, Eric P. Chiang, and Jeffrey L. Jensen
• w7613 March 2000 Foundations of Technical Analysis: Computational Algorithms, Statistical Inference, and Empirical Implementation
  Andrew W. Lo, Harry Mamaysky, and Jiang Wang
• w7614 March 2000 Using Options to Divide Value in Corporate Bankruptcy
  Lucian Arye Bebchuk
• w7603 March 2000 Local Revenue Hills: A General Equilibrium Specification with Evidence from Four U.S. Cities
  Andrew Haughwout, Robert Inman, Steven Craig, and Thomas Luce
• w7604 March 2000 Do CEOs Set Their Own Pay? The Ones Without Principals Do
  Marianne Bertrand and Sendhil Mullainathan
• w7605 March 2000 Long-Term Declines in Disability Among Older Men: Medical Care, Public Health, and Occupational Change
  Dora L. Costa
• w7606 March 2000 Do Living Wage Ordinances Reduce Urban Poverty?
  David Neumark and Scott Adams
• w7607 March 2000 Designing Stabilization Policy in a Monetary Union
  Russell W. Cooper and Hubert Kempf
• w7608 March 2000 From Mill Town to Board Room: The Rise of Women's Paid Labor
  Dora L. Costa
• w7609 March 2000 Expectations Hypotheses Tests
  Geert Bekaert and Robert J. Hodrick
• w7599 March 2000 Using the EITC to Help Poor Families: New Evidence and a Comparision with the Minimum Wage
  David Neumark and William Wascher
• w7600 March 2000 The Simple Economics of Open Source
  Josh Lerner and Jean Triole
• w7601 March 2000 The Sexual Activity and Birth Control Use of American Teenagers
  Phillip B. Levine
• w7602 March 2000 Cornucopia: The Pace of Economic Growth in the Twentieth Century
  J. Bradford DeLong
• w7595 March 2000 Do After-Tax Returns Affect Mutual Fund Inflows?
  Daniel Bergstresser and James Poterba
• w7596 March 2000 The Taxation of Executive Compensation
  Brian J. Hall and Jeffrey B. Liebman
• w7597 March 2000 How Effective is Redistribution Under the Social Security Benefit Formula?
  Alan L. Gustman and Thomas L. Steinmeier
• w7592 March 2000 Why a Funded Pension System is Useful and Why It is Not Useful
  Hans-Werner Sinn
• w7593 March 2000 Testing Parental Altruism: Implications of a Dynamic Model
  Kathleen McGarry
• w7594 March 2000 Public Policy and Extended Families: Evidence from South Africa
  Marianne Bertrand, Douglas Miller, and Sendhil Mullainathan
• w7588 March 2000 Retirement Outcomes in the Health and Retirement Study
  Alan L. Gustman and Thomas L. Steinmeier
• w7589 March 2000 Asset Pricing at the Millennium
  John Y. Campbell
• w7590 March 2000 Have Individual Stocks Become More Volatile? An Empirical Exploration of Idiosyncratic Risk
  John Y. Campbell, Martin Lettau, Burton G. Malkiel, and Yexiao Xu
• w7591 March 2000 Education for Growth: Why and For Whom?
  Alan B. Krueger and Mikael Lindahl
• w7580 March 2000 Economic Analysis of Social Interactions
  Charles F. Manski
• w7582 March 2000 Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms
  Randall S. Kroszner and Philip E. Strahan
• w7583 March 2000 Child Care and the Welfare to Work Transition
  Robert J. Lemke, Ann Dryden Witte, Magaly Queralt, and Robert Witt
• w7584 March 2000 A Dynamic Model of Differential Human Capital and Criminal Activity
  H. Naci Mocan, Stephen C. Billups, and Jody Overland
• w7585 March 2000 Self-Confidence and Social Interactions
  Roland Benabou and Jean Tirole
• w7586 March 2000 Germany's Economic Unification: An Assessment after Ten Years
  Hans-Werner Sinn
• w7587 March 2000 The Visible Hand, the Invisible Hand and Efficiency
  Eitan Goldman and Gary Gorton
• w7578 March 2000 Do Immigrant Inflows Lead to Native Outflows?
  David Card and John E. DiNardo
• w7579 March 2000 Elected versus Appointed Regulators: Theory and Evidence
  Stephen Coate and Timothy Besley
• w7575 March 2000 Globalization and International Public Finance
  Michael Kremer and Paras Mehta
• w7576 March 2000 Does Growing Inequality Reduce Tax Progressivity? Should It?
  Joel Slemrod and Jon Bakija
• w7577 March 2000 Potential Pitfalls for the Purchasing-Power-Parity Puzzle? Sampling and Specification Biases in Mean-Reversion Tests of the Law of One Price
  Alan M. Taylor
• w7574 March 2000 Guaranteed Income: SSI and the Well-Being of the Elderly Poor
  Kathleen McGarry
• h0123 March 2000 South Carolina Slave Prices, 1722-1809
  Peter C. Mancall, Joshua L. Rosenbloom, and Thomas Weiss
• w7535 February 2000 Cigarettes and Alcohol: Substitutes or Complements?
  Sandra L. Decker and Amy Ellen Schwartz
• w7209 February 2000 Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance
  Charles P. Himmelberg, R. Glenn Hubbard, and Darius Palia
• w7569 February 2000 The Shape of Twentieth Century Economic History
  J. Bradford DeLong
• w7570 February 2000 Social Security and Inequality over the Life Cycle
  Angus Deaton, Pierre-Olivier Gourinchas, and Christina Paxson
• w7571 February 2000 The Savers-Spenders Theory of Fiscal Policy
  N. Gregory Mankiw
• w7572 February 2000 Keiretsu and Relationship-Specific Investment: A Barrier to Trade?
  Barbara J. Spencer and Larry D. Qiu
• w7573 February 2000 Labor Markets in Professional Sports
  Sherwin Rosen and Allen Sanderson
• w7564 February 2000 Why Do People Still Live in East Germany?
  Jennifer Hunt
• w7568 February 2000 Long Run Effects of Social Security Reform Proposals on Lifetime Progressivity
  Julia Lynn Coronado, Don Fullerton, and Thomas Glass
• w7567 February 2000 Daily Momentum and Contrarian Behavior of Index Fund Investors
  William N. Goetzmann and Massimo Massa
• w7565 February 2000 A Century of Global Stock Markets
  Philippe Jorion and William N. Goetzmann
• w7566 February 2000 Global Real Estate Markets - Cycles and Fundamentals
  Bradford Case, William N. Goetzmann, and K. Geert Rouwenhorst
• w7557 February 2000 Outsourcing at Will: Unjust Dismissal Doctrine and the Growth of Temporary Help Employment
  David H. Autor
• w7562 February 2000 Compensation in the Nonprofit Sector
  Christopher Ruhm and Carey Borkoski
• w7563 February 2000 The Role of Social Capital in Financial Development
  Luigi Guiso, Paola Sapienza, and Luigi Zingales
• w7558 February 2000 The Importance of Measurement Error in the Cost of Capital
  Austan Goolsbee
• w7559 February 2000 Monetary Policy and Asset Price Volatility
  Ben Bernanke and Mark Gertler
• w7560 February 2000 Differential Mortality and the Value of Individual Account Retirement Annuities
  Jeffrey R. Brown
• w7561 February 2000 The Effect of Immigration on Native Self-Employment
  Robert W. Fairlie and Bruce D. Meyer
• w7553 February 2000 Tax Subsidies for Health Insurance: Evaluating the Costs and Benefits
  Jonathan Gruber
• w7554 February 2000 On the Fundamentals of Self-Fulfilling Speculative Attacks
  Craig Burnside, Martin Eichenbaum, and Sergio T. Rebelo
• w7555 February 2000 Does Public Insurance Improve the Efficiency of Medical Care? Medicaid Expansions and Child Hospitalizations
  Leemore Dafny and Jonathan Gruber
• w7556 February 2000 Single Peaked Vs. Diversified Capitalism: The Relation Between Economic Institutions and Outcomes
  Richard B. Freeman
• h0122 February 2000 Wealth Inequality Trends in Industrializing New England: New Evidence and Tests of Competing Hypotheses
  Richard H. Steckel and Carolyn M. Moehling
• w7551 February 2000 Inflation Dynamics: A Structural Econometric Analysis
  Jordi Gali and Mark Gertler
• w7552 February 2000 Protecting Their Intellectual Assets: Appropriability Conditions and Why U.S. Manufacturing Firms Patent (or Not)
  Wesley M. Cohen, Richard R. Nelson, and John P. Walsh
• w7544 February 2000 Labor- and Capital- Augmenting Technical Change
  Daron Acemoglu
• w7545 February 2000 Fertility, Migration, and Altruism
  Eli Berman and Zaur Rzakhanov
• w7546 February 2000 The Firm as a Dedicated Hierarchy: A Theory of the Origin and Growth of Firms
  Raghuram G. Rajan and Luigi Zingales
• w7547 February 2000 A Monetary Explanation of the Great Stagflation of the 1970s
  Robert Barsky and Lutz Kilian
• w7548 February 2000 Optimal Exercise Prices for Executive Stock Options
  Brian J. Hall and Kevin J. Murphy
• w7549 February 2000 The Information in the High Yield Bond Spread for the Business Cycle: Evidence and Some Implications
  Mark Gertler and Cara S. Lown
• w7550 February 2000 What do we know about Macroeconomics that Fisher and Wicksell did not?
  Olivier Blanchard
• w7530 February 2000 Income-distribution Dynamics with Endogenous Fertility
  Michael Kremer and Daniel Chen
• w7542 February 2000 Why Do Dancers Smoke? Time Preference, Occupational Choice, and Wage Growth
  Lalith Munasinghe and Nachum Sicherman
• w7543 February 2000 The Importance of Group Coverage: How Tax Policy Shaped U.S. Health Insurance
  Melissa A. Thomasson
• w7537 February 2000 Medical Liability, Managed Care, and Defensive Medicine
  Daniel P. Kessler and Mark B. McClellan
• w7538 February 2000 Heart of Darkness: Modeling Public-Private Funding Interactions Inside the R&D Black Box
  Paul A. David and Bronwyn H. Hall
• w7539 February 2000 Have Falling Tariffs and Transportation Costs Raised U.S. Wage Inequality?
  Jonathan E. Haskel and Matthew J. Slaughter
• w7540 February 2000 Institutions for High-Quality Growth: What They are and How to Acquire Them
  Dani Rodrik
• w7541 February 2000 The Growth Costs of Malaria
  Desmond McCarthy, Holger Wolf, and Yi Wu
• w7528 February 2000 Jacksonian Monetary Policy, Specie Flows, and the Panic of 1837
  Peter L. Rousseau
• w7529 February 2000 U.S. Banks, Crises, and Bailouts: From Mexico to LTCM
  Rene M. Stulz
• w7531 February 2000 Can Output Losses Following International Financial Crises be Avoided?
  Michael P. Dooley
• w7532 February 2000 Capital Gains Realizations of the Rich and Sophisticated
  Alan J. Auerbach and Jonathan M. Siegel
• w7533 February 2000 How Liability Law Affects Medical Productivity
  Daniel P. Kessler and Mark B. McClellan
• w7534 February 2000 Resuscitating Real Business Cycles
  Robert G. King and Sergio T. Rebelo
• w7536 February 2000 Strategic Trade Policy with Endogenous Choice of Quality and Asymmetric Costs
  Dongsheng Zhou, Barbara J. Spencer, and Ilan Vertinsky
• w7525 February 2000 The Income and Tax Share of Very High Income Households, 1960-1995
  Daniel R. Feenberg and James M. Poterba
• w7526 February 2000 How Large is the Bias is Self-Reported Disability?
  Hugo Benitez-Silva, Moshe Buchinsky, Hiu Man Chan, Sofia Cheidvasser, and John Rust
• w7527 February 2000 The Power of the Pill: Oral Contraceptives and Women's Career and Marriage Decisions
  Claudia Goldin and Lawrence F. Katz
• w7522 February 2000 Children's Welfare Exposure and Subsequent Development
  Phillip B. Levine and David J. Zimmerman
• w7523 February 2000 Tunnelling
  Simon Johnson, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer
• w7524 February 2000 How Do UK-Based Foreign Exchange Dealers Think Their Market Operates?
  Yin-Wong Cheung, Menzie D. Chinn, and Ian W. Marsh
• w7520 February 2000 The Progressivity of Social Security
  Julia Lynn Coronado, Don Fullerton, and Thomas Glass
• w7521 February 2000 Choice, Chance, and Wealth Dispersion at Retirement
  Steven F. Venti and David A. Wise
• w7519 February 2000 The Effects of Minimum Wages Throughout the Wage Distribution
  David Neumark, Mark Schweitzer, and William Wascher
• w7516 February 2000 How Should Monetary Policy be Conducted in an Era of Price Stability?
  Lars E.O. Svensson
• w7517 February 2000 The European Central Bank and the Euro: The First Year
  Martin Feldstein
• w7518 February 2000 Forward and Backward Intergenerational Goods: A Theory of Intergenerational Exchange
  Antonio Rangel
• w7487 January 2000 Well-Being Over Time in Britain and the USA
  David G. Blanchflower and Andrew J. Oswald
• h0068 January 2000 Peopling the Pampa: On the Impact of Mass Migration to the River Plate, 1870-1914
  Alan M. Taylor
• w7492 January 2000 The Distributional Effects of an Investment-Based Social Security System
  Martin Feldstein and Jeffrey Liebman
• w7514 January 2000 Capital Movements, Banking Insolvency, and Silent Runs in the Asian Financial Crisis
  Edward J. Kane
• w7515 January 2000 Fiscal Shocks in an Efficiency Wage Model
  Craig Burnside, Martin Eichenbaum, and Jonas D.M. Fisher
• w7512 January 2000 The Elasticity of Taxable Income: Evidence and Implications
  Jon Gruber and Emmanuel Saez
• w7513 January 2000 Market Provision of Public Goods: The Case of Broadcasting
  Simon P. Anderson and Stephen Coate
• w7511 January 2000 Sticky-Price Models of the Business Cycle: Specification and Stability
  Peter N. Ireland
• w7501 January 2000 The Effect of Unions on Employment: Evidence from an Unnatural Experiment in Uruguay
  Adriana Cassoni, Steven G. Allen, and Gaston J. Labadie
• t0249 January 2000 On Optimal Instrumental Variables Estimation of Stationary Time Series Models
  Kenneth D. West
• t0250 January 2000 External Treatment Effects and Program Implementation Bias
  Tomas J. Philipson
• h0120 January 2000 Slave Prices in the Lower South, 1722-1815
  Peter C. Mancall, Joshua L. Rosenbloom, and Thomas Weiss
• h0121 January 2000 Childhood Mortality & Nutritional Status as Indicators of Standard of Living: Evidence from World War I Recruits in the United States
  Michael R. Haines and Richard H. Steckel
• w7502 January 2000 Wage-Setting Institutions as Industrial Policy
  Steven J. Davis and Magnus Henrekson
• w7503 January 2000 The Effects of Urban Concentration on Economic Growth
  J. Vernon Henderson
• w7504 January 2000 Medicare Reform: The Larger Picture
  Victor R. Fuchs
• w7505 January 2000 Two Generalizations of a Deposit-Refund System
  Don Fullerton and Ann Wolverton
• w7506 January 2000 Youth Smoking in the U.S.: Prices and Policies
  Jonathan Gruber
• w7510 January 2000 Understanding Young Women's Marriage Decisions: The Role of Labor and Marriage Market Conditions
  Francine D. Blau, Lawrence M. Kahn, and Jane Waldfogel
• w7507 January 2000 Is Addiction "Rational"? Theory and Evidence
  Jonathan Gruber and Botond Koszegi
• w7508 January 2000 Sorting and Long-Run Inequality
  Raquel Fernandez and Richard Rogerson
• w7509 January 2000 Geographic Localization of International Technology Diffusion
  Wolfgang Keller
• w7493 January 2000 Identification through Heteroskedasticity: Measuring "Contagion: betweenArgentinean and Mexican Sovereign Bonds
  Roberto Rigobon
• w7494 January 2000 If at First You Don't Succeed...: Profits, Prices and Market Structure in a Model of Quality with Unknowable Consumer Heterogeneity
  Kala Krishna and Tor Winston
• w7495 January 2000 Do Patents Matter?: Empirical Evidence after GATT
  Jean O. Lanjouw and Iain Cockburn
• w7496 January 2000 The Political Economy of the Budget Surplus in the U.S.
  Alberto Alesina
• w7497 January 2000 Estimating Exchange Rate Exposures: Some "Weighty" Issues
  Gordon M. Bodnar and M.H. Franco Wong
• w7498 January 2000 Money as Stock: Price Level Determination with no Money Demand
  John H. Cochrane
• w7499 January 2000 Tax Base Variability and Procyclical Fiscal Policy
  Ernesto Talvi and Carlos A. Vegh
• w7500 January 2000 The Role of Alcohol and Drug Consumption in Determining Physical Fights and Weapon Carrying by Teenagers
  Sara Markowitz
• w7491 January 2000 Making Single Mothers Work: Recent Tax and Welfare Policy and its Effects
  Bruce D. Meyer and Dan T. Rosenbaum
• w7459 January 2000 Assessing the Effects of Fiscal Shocks
  Craig Burnside, Martin Eichenbaum, and Jonas D.M. Fisher
• w7460 January 2000 Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries
  Francesco Giavazzi, Tullio Jappelli, and Marco Pagano
• w7482 January 2000 Understanding Inflation: Implications for Monetary Policy
  Stephen G. Cecchetti and Erica L. Groshen
• w7483 January 2000 Causes of the Korean Financial Crisis: Lessons for Policy
  Joon-Ho Hahm and Frederic S. Mishkin
• w7484 January 2000 Endogenous R&D Spillovers and Industrial Research Productivity
  James D. Adams
• w7485 January 2000 Trade, Income Inequality, and Government Policies: Redistribution of Income or Education Subsidies?
  Eckhard Janeba
• w7486 January 2000 Self-Employment in OECD Countries
  David G. Blanchflower
• w7488 January 2000 Exchange Rate Returns Standardized by Realized Volatility are (Nearly) Gaussian
  Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, and Paul Labys
• w7489 January 2000 Market Efficiency in an Irrational World
  Kent Daniel and Sheridan Titman
• w7490 January 2000 Robust Monetary Policy Under Model Uncertainty in a Small Model of the U.S. Economy
  Alexei Onatski and James H. Stock
• w7479 January 2000 What's Driving the New Economy: The Benefits of Workplace Innovation
  Sandra E. Black and Lisa M. Lynch
• w7480 January 2000 Does Product Market Competition Reduce Agency Costs?
  Ravi Jagannathan and Shaker B. Srinivasan
• w7481 January 2000 Criminal Violence and Alcohol Beverage Control: Evidence from an International Study
  Sara Markowitz
• w7468 January 2000 Growth Theory
  Boyan Jovanovic
• w7469 January 2000 Peer Effects with Random Assignment: Results for Dartmouth Roommates
  Bruce Sacerdote
• t0248 January 2000 Estimation of Limited-Dependent Variable Models with Dummy Endogenous Regressors: Simple Strategies for Empirical Practice
  Joshua D. Angrist
• w7470 January 2000 The Role of Commitment in Dynamic Contracts: Evidence from Life Insurance
  Igal Hendel and Alessandro Lizzeri
• w7471 January 2000 Total Factor Productivity: A Short Biography
  Charles R. Hulten
• w7472 January 2000 Changes in Job Stability and Job Security: A Collective Effort to Untangle, Reconcile, and Interpret the Evidence
  David Neumark
• w7473 January 2000 Tax Avoidance, Evasion, and Administration
  Joel Slemrod and Shlomo Yitzhaki
• w7474 January 2000 The Role of Wage and Skill Differences in US-German Employment Differences
  Richard B. Freeman and Ronald Schettkat
• w7475 January 2000 Does Political Ambiguity Pay? Corporate Campaign Contributions and the Rewards to Legislator Reputation
  Randall S. Kroszner and Thomas Stratmann
• w7476 January 2000 Preserving the Ocean Circulation: Implications for Climate Policy
  Klaus Keller, Kelvin Tan, Francois M.M. Morel, and David F. Bradford
• w7477 January 2000 150 Years of Patent Office Practice
  Josh Lerner
• w7467 January 2000 Human Resource Management and Performance in the Service Sector: The Case of Bank Branches
  Ann P. Bartel
• w7478 January 2000 150 Years of Patent Protection
  Josh Lerner
• w7465 January 2000 Wage and Productivity Dispersion in U.S. Manufacturing: The Role of Computer Investment
  Timothy Dunne, John Haltiwanger, and Lucia Foster
• w7466 January 2000 Job Creation, Job Destruction, and the Real Exchange Rate
  Michael W. Klein, Scott Schuh, and Robert K. Triest
• w7462 January 2000 What Causes Fluctuations in the Terms of Trade?
  Marianne Baxter and Michael A. Kouparitsas
• w7463 January 2000 Are Americans More Altruistic than the Japanese? A U.S.-Japan Comparison of Saving and Bequest Motives
  Charles Yuji Horioka, Hideki Fujisaki, Wako Watanabe, and Takatsugu Kouno
• w7464 January 2000 Do Equity Financing Cycles Matter? Evidence from Biotechnology Alliances
  Josh Lerner and Alexander Tsai
• w7455 January 2000 Togetherness: Spouses' Synchronous Leisure, and the Impact of Children
  Daniel S. Hamermesh
• w7456 January 2000 From Bismarck to Maastricht: The March to European Union and the Labor Compact
  Alan B. Krueger
• w7457 January 2000 A Review of Estimates of the Schooling/Earnings Relationship, with Tests for Publication Bias
  Orley Ashenfelter, Colm Harmon, and Hessel Oosterbeek
• w7458 January 2000 Would Collective Action Clauses Raise Borrowing Costs?
  Barry Eichengreen and Ashoka Mody
• w7461 January 2000 Keynesian Macroeconomics without the LM Curve
  David Romer