Papers Issued in 2003

• w10194 December 2003 Small Noise Asymptotics for a Stochastic Growth Model
  Noah Williams
• w10195 December 2003 Escaping from a Liquidity Trap and Deflation: The Foolproof Way and Others
  Lars E.O. Svensson
• w10196 December 2003 Optimal Policy with Low-Probability Extreme Events
  Lars E.O. Svensson
• w10190 December 2003 Why Firms Adopt Antitakeover Arrangements
  Lucian Arye Bebchuk
• w10191 December 2003 The Rise of the Skilled City
  Edward L. Glaeser and Albert Saiz
• w10192 December 2003 Internal and External Labor Markets: A Personnel Economics Approach
  Edward P. Lazear and Paul Oyer
• w10193 December 2003 Varieties of Currency Crises
  Graciela L. Kaminsky
• w10188 December 2003 Do Firms in Countries with Poor Protection of Investor Rights Hold More Cash?
  Lee Pinkowitz, Rene M. Stulz, and Rohan Williamson
• w10189 December 2003 Optimal Integration Strategies for the Multinational Firm
  Gene M. Grossman, Elhanan Helpman, and Adam Szeidl
• w10184 December 2003 Risk Management, Capital Budgeting and Capital Structure Policy for Insurers and Reinsurers
  Kenneth A. Froot
• w10185 December 2003 What You Don't Know Can't Help You: Pension Knowledge and Retirement Decision Making
  Sewin Chan and Ann Huff Stevens
• w10186 December 2003 Stressed Out on Four Continents: Time Crunch or Yuppie Kvetch?
  Daniel S. Hamermesh and Jungmin Lee
• w10187 December 2003 Menu Costs and Phillips Curves
  Mikhail Golosov and Robert E. Lucas
• w10180 December 2003 Choosing Between Peace and War
  Herschel I. Grossman
• w10181 December 2003 Assessing the Benefits to Developing Countries of Liberalization in Services Trade
  John Whalley
• w10182 December 2003 The Size and Composition of Wealth Holdings in the United States, Italy, and the Netherlands
  Arie Kapteyn and Constantijn Panis
• w10183 December 2003 The Invention of Inflation-Indexed Bonds in Early America
  Robert J. Shiller
• w10178 December 2003 WTO Dispute Settlements in East Asia
  Dukgeun Ahn
• w10179 December 2003 Assessing, Managing, and Financing Extreme Events: Dealing with Terrorism
  Howard Kunreuther, Erwann Michel-Kerjan, and Beverly Porter
• w10175 December 2003 Bargaining in the Shadow of the Law: Divorce Laws and Family Distress
  Betsey Stevenson and Justin Wolfers
• w10176 December 2003 How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?
  Torsten Persson, Gerard Roland, and Guido Tabellini
• w10177 December 2003 Motivating Employee-Owners in ESOP Firms: Human Resource Policies and Company Performance
  Douglas Kruse, Richard Freeman, Joseph Blasi, Robert Buchele, Adria Scharf, Loren Rodgers, and Chris Mackin
• w10174 December 2003 Wages Equal Productivity: Fact or Fiction?
  Johannes Van Biesebroeck
• w10173 December 2003 The Impacts of an East Asia FTA on Foreign Trade in East Asia
  Shujiro Urata and Kozo Kiyota
• w10168 December 2003 Competitive Liberalization and a US-SACU FTA
  John Whalley and J. Clark Leith
• w10169 December 2003 International R&D Deployment and Locational Advantage: A Case Study of Taiwan
  Meng-Chun Liu and Shin-Horng Chen
• w10170 December 2003 Consequences of Constitutions
  Torsten Persson
• w10171 December 2003 Gold, Fiat Money, and Price Stability
  Michael D. Bordo, Robert D. Dittmar, and William T. Gavin
• w10172 December 2003 The Effects of Financial Crises on International Trade
  Zihui Ma and Leonard Cheng
• w10165 December 2003 Institutions, Capital Constraints and Entrepreneurial Firm Dynamics: Evidence from Europe
  Mihir Desai, Paul Gompers, and Josh Lerner
• w10166 December 2003 Reinventing Boston: 1640-2003
  Edward L. Glaeser
• w10167 December 2003 The Formation of International Production and Distribution Networks in East Asia
  Mitsuyo Ando and Fukinari Kimura
• w10163 December 2003 Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap
  Willem H. Buiter
• w10164 December 2003 Does Human Capital Transfer from Parent to Child? The Intergenerational Effects of Compulsory Schooling
  Philip Oreopoulos, Marianne E. Page, and Ann Huff Stevens
• w10162 December 2003 Remedies for Price Overcharges: The Deadweight Loss of Coupons and Discounts
  A. Mitchell Polinsky and Daniel L. Rubinfeld
• w10160 December 2003 The Trade and Investment Effects of Preferential Trading Arrangements
  Philippa Dee and Jyothi Gali
• w10161 December 2003 Choosing the Federal Reserve Chair: Lessons from History
  Christina D. Romer and David H. Romer
• w10152 December 2003 Trade Liberalization and Growth: New Evidence
  Romain Wacziarg and Karen Horn Welch
• w10153 December 2003 The Character and Determinants of Corporate Capital Gains
  Mihir Desai and William M. Gentry
• w10154 December 2003 Common Sense and Simplicity in Empirical Industrial Organization
  Ariel Pakes
• w10155 December 2003 Do Dropouts Drop Out Too Soon? International Evidence From Changes in School-Leaving Laws
  Philip Oreopoulos
• w10156 December 2003 The Effects of Overseas Investment on Domestic Employment
  Tain-Jy Chen and Ying-Hua Ku
• w10157 December 2003 The Risk Tolerance of International Investors
  Kenneth A. Froot and Paul G. J. O'Connell
• w10158 December 2003 Governance and Bank Valuation
  Gerard Caprio, Luc Laeven, and Ross Levine
• w10159 December 2003 Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India
  Shubham Chaudhuri, Pinelopi K. Goldberg, and Panle Jia
• w10151 December 2003 Commitment Vs. Flexibility
  Manuel Amador, Ivan Werning, and George-Marios Angeletos
• w10137 December 2003 The Use of Literature Based Elasticity Estimates in Calibrated Models of Trade-Wage Decompositions: A Calibmetric Approach
  Hui Huang and John Whalley
• w10138 December 2003 Regeneration, Labour Supply and the Welfare Costs of Taxes
  Edgar Cudmore and John Whalley
• w10139 December 2003 A Simulation-Based Welfare Loss Calculation for Labor Taxes with Piecewise-Linear Budgets
  Don Fullerton and Li Gan
• w10140 December 2003 The Two-Part Instrument in a Second-Best World
  Don Fullerton and Ann Wolverton
• w10141 December 2003 Weather Forecasting for Weather Derivatives
  Sean D. Campbell and Francis X. Diebold
• w10142 December 2003 Agents of Embeddedness
  Pierre Azoulay
• w10143 December 2003 Liberalization in China's Key Service Sectors Following WTO Accession: Some Scenarios and Issues of Measurement
  John Whalley
• w10144 December 2003 Endogenous Financial Openness: Efficiency and Political Economy Considerations
  Joshua Aizenman and Ilan Noy
• w10145 December 2003 Which Countries Export FDI, and How Much?
  Assaf Razin, Yona Rubinstein, and Efraim Sadka
• w10150 December 2003 Corporate Earnings Track the Competitive Benchmark
  Robert E. Hall
• w10149 December 2003 Optimal Fiscal and Monetary Policy Under Imperfect Competition
  Stephanie Schmitt-Grohe and Martin Uribe
• w10148 December 2003 The Effect of Word of Mouth on Sales: Online Book Reviews
  Judith A. Chevalier and Dina Mayzlin
• w10147 December 2003 International Determinants of Religiosity
  Robert Barro and Rachel M. McCleary
• w10146 December 2003 Estimating Models of On-the-Job Search Using Record Statistics
  Gadi Barlevy
• w10136 December 2003 Kleptocracy and Divide-and-Rule: A Model of Personal Rule
  Daron Acemoglu, James A. Robinson, and Thierry Verdier
• w10135 December 2003 Competitive Risk Sharing Contracts with One-Sided Commitment
  Dirk Krueger and Harald Uhlig
• w10134 December 2003 Does Child Labor Decline with Improving Economic Status?
  Eric V. Edmonds
• w10132 December 2003 Aggregate Consequences of Limited Contract Enforceability
  Thomas Cooley, Ramon Marimon, and Vincenzo Quadrini
• w10133 December 2003 Entrant Experience and Plant Exit
  Timothy Dunne, Shawn D. Klimek, and Mark J. Roberts
• w10131 December 2003 The Price is (Almost) Right
  Randolph B. Cohen, Christopher Polk, and Tuomo Vuolteenaho
• w10126 December 2003 Legal Institutions and Financial Development
  Thorsten Beck and Ross Levine
• w10127 December 2003 Health Plan Conversions: Are They in the Public Interest?
  Nancy Dean Beaulieu
• w10128 December 2003 External Constraints on Monetary Policy and the Financial Accelerator
  Mark Gertler, Simon Gilchrist, and Fabio Natalucci
• w10129 December 2003 Law and Employment: Lessons from Latin America and the Caribbean
  James Heckman and Carmen Pages
• w10130 December 2003 Have National Business Cycles Become More Synchronized?
  Michael D. Bordo and Thomas Helbling
• w10125 December 2003 International Lending of Last Resort and Moral Hazard: A Model of IMF's Catalytic Finance
  Giancarlo Corsetti, Bernardo Guimaraes, and Nouriel Roubini
• w10123 November 2003 The LM Curve: A Not-So-Fond Farewell
  Benjamin Friedman
• w10124 November 2003 Why is Manhattan So Expensive? Regulation and the Rise in House Prices
  Edward L. Glaeser, Joseph Gyourko, and Raven Saks
• w10113 November 2003 The Effect of School Choice on Student Outcomes: Evidence from Randomized Lotteries
  Julie Berry Cullen, Brian A. Jacob, and Steven Levitt
• w10114 November 2003 Patents and R&D as Real Options
  Eduardo S. Schwartz
• w10115 November 2003 Cross-Border Valuation: The International Cost of Equity Capital
  Gordon M. Bodnar, Bernard Dumas, and Richard D. Marston
• w10116 November 2003 Two Trees: Asset Price Dynamics Induced by Market Clearing
  John H. Cochrane, Francis A. Longstaff, and Pedro Santa-Clara
• w10117 November 2003 A Multiple Indicators Model for Volatility Using Intra-Daily Data
  Robert F. Engle and Giampiero M. Gallo
• w10118 November 2003 The Central Role of Noise in Evaluating Interventions that Use Test Scores to Rank Schools
  Kenneth Y. Chay, Patrick J. McEwan, and Miguel Urquiola
• w10119 November 2003 Pareto Efficient Income Taxation with Stochastic Abilities
  Marco Battaglini and Stephen Coate
• w10120 November 2003 Behavioral Decision-Making: An Application to the Setting of Magazine Subscription Prices
  Fiona Scott Morton and Sharon Oster
• w10121 November 2003 What Mean Impacts Miss: Distributional Effects of Welfare Reform Experiments
  Marianne Bitler, Jonah Gelbach, and Hilary Hoynes
• w10122 November 2003 The Timing of Births: Is the Health of Infants Counter-Cyclical?
  Rajeev Dehejia and Adriana Lleras-Muney
• w10112 November 2003 Financial Aid and Students' College Decisions: Evidence from the District of Columbia's Tuition Assistance Grant Program
  Katharine Abraham and Melissa A. Clark
• w10111 November 2003 A Tale of Two Time Scales: Determining Integrated Volatility with Noisy High Frequency Data
  Lan Zhang, Per A. Mykland, and Yacine Ait-Sahalia
• w10101 November 2003 Stakeholder, Transparency and Capital Structure
  Andres Almazan, Javier Suarez, and Sheridan Titman
• w10102 November 2003 Self Enforcing Voting in International Organizations
  Giovanni Maggi and Massimo Morelli
• w10103 November 2003 Color-Blind Affirmative Action
  Roland Fryer, Glenn C. Loury, and Tolga Yuret
• w10104 November 2003 Categorical Redistribution in Winner-Take-All Markets
  Roland G. Fryer and Glenn C. Loury
• w10105 November 2003 Nonparametric Tests for Common Values at First-Price Sealed-Bid Auctions
  Philip A. Haile, Han Hong, and Matthew Shum
• w10106 November 2003 Firm Location and the Creation and Utilization of Human Capital
  Andres Almazan, Adolfo de Motta, and Sheridan Titman
• w10107 November 2003 Generalized Disappointment Aversion and Asset Prices
  Bryan R. Routledge and Stanley E. Zin
• w10108 November 2003 The Market for American State Government Bonds in Britain and the United States, 1830-1843
  Namsuk Kim and John Joseph Wallis
• w10109 November 2003 The Optimal Degree of Discretion in Monetary Policy
  Susan Athey, Andrew Atkeson, and Patrick Kehoe
• w10110 November 2003 Cross-Border Tax Externalities: Are Budget Deficits Too Small?
  Willem Buiter and Anne C. Sibert
• w10097 November 2003 How Do Legal Differences and Learning Affect Financial Contracts?
  Steven N. Kaplan, Frederic Martel, and Per Stromberg
• w10098 November 2003 Grasshoppers, Ants, and Pre-Retirement Wealth: A Test of Permanent Income
  Erik Hurst
• w10099 November 2003 Optimal Taxation When Consumers Have Endogenous Benchmark Levels of Consumption
  Andrew B. Abel
• w10100 November 2003 The Role of Retiree Health Insurance in the Employment Behavior of Older Men
  David M. Blau and Donna B. Gilleskie
• w10093 November 2003 Monetary Policies for Developing Countries: The Role of Corruption
  Haizhou Huang and Shang-Jin Wei
• w10094 November 2003 On the Writing and the Interpretation of Contracts
  Steven Shavell
• w10095 November 2003 Crisis Resolution: Next Steps
  Barry Eichengreen and Kenneth Kletzer
• w10096 November 2003 The Developed World's Demographic Transition - The Roles of Capital Flows, Immigration, and Policy
  Hans Fehr, Sabine Jokisch, and Laurence Kotlikoff
• w10092 November 2003 Health Insurance Coverage and the Macroeconomy
  John Cawley and Kosali I. Simon
• w10084 November 2003 Labor Versus Capital in Trade-Policy Determination: The Role of General-Interest and Special-Interest Politics
  Pushan Dutt and Devashish Mitra
• w10085 November 2003 The Impact on Consumption and Saving of Current and Future Fiscal Policies
  Katherine Grace Carman, Jagadeesh Gokhale, and Laurence J. Kotlikoff
• w10086 November 2003 Does the Failure of the Expectations Hypothesis Matter for Long-Term Investors
  Antonios Sangvinatsos and Jessica A. Wachter
• w10087 November 2003 Inequality and Trade
  Devashish Mitra and Vitor Trindade
• w10091 November 2003 Getting Inside the "Black Box" of Head Start Quality: What Matters and What Doesn't?
  Janet Currie and Matthew Neidell
• w10090 November 2003 The Environment and Globalization
  Jeffrey A. Frankel
• w10088 November 2003 Child Labor, Crop Shocks, and Credit Constraints
  Kathleen Beegle, Rajeev Dehejia, and Roberta Gatti
• w10089 November 2003 An "Inflation Reports" Report
  Eric Leeper
• w10078 November 2003 Inventories and the Business Cycle: An Equilibrium Analysis of (S,s) Policies
  Aubhik Khan and Julia Thomas
• w10079 November 2003 A Theory of Factor Allocation and Plant Size
  Thomas J. Holmes and Matthew F. Mitchell
• w10080 November 2003 How do Regimes Affect Asset Allocation?
  Andrew Ang and Geert Bekaert
• w10081 November 2003 Zvi Griliches' Contribution to the Theory of Human Capital
  Reuben Gronau
• w10082 November 2003 Global Sourcing
  Pol Antràs and Elhanan Helpman
• w10083 November 2003 Acquiring Knowledge Within and Across Firm Boundaries: Evidence from Clinical Development
  Pierre Azoulay
• w10074 November 2003 A Prism into the PPP Puzzles: The Micro-foundations of Big Mac Real Exchange Rates
  David C. Parsley and Shang-Jin Wei
• w10075 November 2003 Mass Secondary Schooling and the State
  Claudia Goldin and Lawrence Katz
• w10076 November 2003 Economic Insights from Internet Auctions: A Survey
  Patrick Bajari and Ali Hortacsu
• w10077 November 2003 Determinants of Labor Demand in Colombia: 1976-1996
  Mauricio Cardenas and Raquel Bernal
• w10066 November 2003 Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital
  Sandra E. Black, Paul J. Devereux, and Kjell G. Salvanes
• w10067 November 2003 Globalizing Activities and the Rate of Survival: Panel Data Analysis on Japanese Firms
  Fukunari Kimura and Takamune Fujii
• w10068 November 2003 Labor Market Discrimination and Racial Differences in Premarket Factors
  Pedro Carneiro, James J. Heckman, and Dimitriy V. Masterov
• w10069 November 2003 The Origins of Spatial Interaction
  Wolfgang Keller and Carol H. Shiue
• w10070 November 2003 Money in a Theory of Banking
  Douglas W. Diamond and Raghuram G. Rajan
• w10071 November 2003 Liquidity Shortages and Banking Crises
  Douglas W. Diamond and Raghuram G. Rajan
• w10072 November 2003 The Alternative Minimum Tax and Effective Marginal Tax Rates
  Daniel Feenberg and James Poterba
• w10073 November 2003 Crises and Growth: A Re-Evaluation
  Romaine Ranciere, Aaron Tornell, and Frank Westermann
• w10055 November 2003 Small Farms, Externalities, and the Dust Bowl of the 1930's
  Zeynep K. Hansen and Gary D. Libecap
• w10056 November 2003 The Demand for Coordination
  Wouter Dessein and Tano Santos
• w10057 November 2003 A Normal Country
  Andrei Shleifer and Daniel Treisman
• w10058 November 2003 Is Japan's Trade (still) Different?
  James Harrigan and Rohit Vanjani
• w10059 November 2003 Efficiency Costs of Meeting Industry-Distributional Constraints under Environmental Permits and Taxes
  A.L. Bovenberg, Lawrence H. Goulder, and Derek J. Gurney
• w10065 November 2003 Revisiting Some Productivity Debates
  Johannes Van Biesebroeck
• w10063 November 2003 Consequences and Predictors of New Health Events
  James P. Smith
• w10064 November 2003 Domestic Capital Market Reform and Access to Global Finance: Making Markets Work
  Peter Blair Henry and Peter Lombard Lorentzen
• w10061 November 2003 The Unholy Trinity of Financial Contagion
  Graciela L. Kaminsky, Carmen Reinhart, and Carlos A. Vegh
• w10062 November 2003 Benefit Plan Design and Prescription Drug Utilization Among Asthmatics: Do Patient Copayments Matter?
  William H. Crown, Ernst R. Berndt, Onur Baser, Stan N. Finkelstein, and Whitney P. Witt
• w10060 November 2003 School-to-Career Programs and Transitions to Employment and Higher Education
  David Neumark and Donna Rothstein
• w10053 October 2003 Air Quality, Infant Mortality, and the Clean Air Act of 1970
  Kenneth Y. Chay and Michael Greenstone
• w10054 October 2003 Corporate Earnings and the Equity Premium
  Francis Longstaff and Monika Piazzesi
• t0295 October 2003 The Role of Randomized Field Trials in Social Science Research: A Perspective from Evaluations of Reforms of Social Welfare Programs
  Robert A. Moffitt
• w10050 October 2003 Growth Strategies
  Dani Rodrik
• w10051 October 2003 Winners and Losers of Tax Competition in the European Union
  Enrique G. Mendoza and Linda L. Tesar
• w10052 October 2003 Heterogeneity and the FDI versus Export Decision of Japanese Manufacturers
  Keith Head and John Ries
• w10045 October 2003 Illicit Drug Use and Educational Attainment
  Pinka Chatterji
• w10046 October 2003 Marijuana and Crime: Is there a Connection Beyond Prohibition?
  Rosalie Liccardo Pacula and Beau Kilmer
• w10047 October 2003 The Chinese Economies in Global Context: The Integration Process and Its Determinants
  Yin-Wong Cheung, Menzie D. Chinn, and Eiji Fujii
• w10048 October 2003 Forecasting the Term Structure of Government Bond Yields
  Francis X. Diebold and Canlin Li
• w10049 October 2003 Product Substitutability and Productivity Dispersion
  Chad Syverson
• w10043 October 2003 Unemployment Insurance Tax Burdens and Benefits: Funding Family Leave and Reforming the Payroll Tax
  Patricia M. Anderson and Bruce D. Meyer
• w10044 October 2003 Tax Bases, Tax Rates and the Elasticity of Reported Income
  Wojciech Kopczuk
• w10042 October 2003 How to Discount Cashflows with Time-Varying Expected Returns
  Andrew Ang and Jun Liu
• w10041 October 2003 A Model of R&D Valuation and the Design of Research Incentives
  Jason C. Hsu and Eduardo S. Schwartz
• w10000 October 2003 Trade Wars: The Exaggerated Impact of Trade in Economic Debate
  Richard B. Freeman
• w10032 October 2003 Experience of and Lessons from Exchange Rate Regime in Emerging Economies
  Jeffrey A. Frankel
• w10033 October 2003 Welfare Reform and Health Insurance Coverage of Low-Income Families
  Robert Kaestner and Neeraj Kaushal
• w10034 October 2003 Changes in the Welfare Caseload and the Health of Low-educated Mothers
  Robert Kaestner and Elizabeth Tarlov
• w10035 October 2003 Health and Wealth Accumulation: Evidence from Nineteenth-Century America
  Chulhee Lee
• t0293 October 2003 Generalized Modeling Approaches to Risk Adjustment of Skewed Outcomes Data
  Willard G. Manning, Anirban Basu, and John Mullahy
• t0294 October 2003 Nonparametric Estimation of Average Treatment Effects under Exogeneity: A Review
  Guido W. Imbens
• w10040 October 2003 Do Democracies Have Different Public Policies than Nondemocracies?
  Casey B. Mulligan, Xavier Sala-i-Martin, and Ricard Gil
• w10039 October 2003 Foreign Owners and Plant Survival
  Andrew B. Bernard and Fredrik Sjoholm
• w10038 October 2003 Market Size in Innovation: Theory and Evidence From the Pharmaceutical Industry
  Daron Acemoglu and Joshua Linn
• w10037 October 2003 The Form of Property Rights: Oligarchic vs. Democratic Societies
  Daron Acemoglu
• w10036 October 2003 Currency Mismatches, Debt Intolerance and Original Sin: Why They Are Not the Same and Why it Matters
  Barry Eichengreen, Ricardo Hausmann, and Ugo Panizza
• w10031 October 2003 Stock Market and Investment Goods Prices: Implications for Macroeconomics
  Lawrence J. Christiano and Jonas D. M. Fisher
• w10026 October 2003 Efficient Tests of Stock Return Predictability
  John Y. Campbell and Motohiro Yogo
• w10027 October 2003 The Effect of Organizational Context on Individual Performance
  Robert S. Huckman and Gary P. Pisano
• w10028 October 2003 Geography and the Internet: Is the Internet a Substitute or a Complement for Cities?
  Todd Sinai and Joel Waldfogel
• w10029 October 2003 Macroeconomic Conditions, Health Care Costs, and the Distribution of Health Insurance
  Sherry Glied and Kathrine Jack
• w10030 October 2003 Retirement Effects of Proposals by the President's Commision to Strengthen Social Security
  Alan L. Gustman and Thomas L. Steinmeier
• w10019 October 2003 Inflation Targeting in Emerging Market Economies
  Arminio Fraga, Ilan Goldfajn, and Andre Minella
• w10020 October 2003 Exporting Raises Productivity in Sub-Saharan African Manufacturing Plants
  Johannes Van Biesebroeck
• w10021 October 2003 Homeownership and Unemployment: The Roles of Leverage and Public Housing
  Paul Flatau, Matt Forbes, and Patric H. Hendershott
• w10022 October 2003 Quality-Constant Price Indexes for the Ongoing Treatment of Schizophrenia: An Exploratory Study
  Richard G. Frank, Ernst R. Berndt, and Alisa B. Busch
• w10023 October 2003 Fiscal Policy, Past and Present
  Alan J. Auerbach
• w10024 October 2003 The WTO Promotes Trade, Strongly But Unevenly
  Arvind Subramanian and Shang-Jin Wei
• w10018 October 2003 Country Spreads and Emerging Countries: Who Drives Whom?
  Martin Uribe and Vivian Z. Yue
• w10025 October 2003 Policy Evaluation in Uncertain Economic Environments
  William A. Brock, Steven N. Durlauf, and Kenneth D. West
• w10010 October 2003 The Case of the Missing Productivity Growth: Or, Does Information Technology Explain why Productivity Accelerated in the US but not the UK?
  Susanto Basu, John G. Fernald, Nicholas Oulton, and Sylaja Srinivasan
• w10011 October 2003 Valuation of the Risk of SARS in Taiwan
  Jin-Tan Liu, James K. Hammitt, Jung-Der Wang, and Meng-Wen Tsou
• w10012 October 2003 Effects of Disease Type and Latency on the Value of Mortality Risk
  Jin-Tan Liu and James K. Hammitt
• w10013 October 2003 Simple Forecasts and Paradigm Shifts
  Harrison Hong and Jeremy C. Stein
• w10014 October 2003 Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results
  Justin Wolfers
• w10015 October 2003 Addicted to Dollars
  Carmen M. Reinhart, Kenneth S. Rogoff, and Miguel A. Savastano
• w10016 October 2003 On the Sluggish Response of Prices to Money in an Inventory-Theoretic Model of Money Demand
  Fernando Alvarez, Andrew Atkeson, and Chris Edmond
• w10017 October 2003 Selection and Improvement: Physician Responses to Financial Incentives
  Jason Barro and Nancy Beaulieu
• w10006 October 2003 The Cost of Labor Adjustment: Inferences from the Gap
  Russell W. Cooper and Jonathan Willis
• w10007 October 2003 Reference Pricing of Pharmaceuticals for Medicare: Evidence from Germany, the Netherlands and New Zealand
  Patricia M. Danzon and Jonathan D. Ketcham
• w10008 October 2003 When Schools Compete, How Do They Compete? An Assessment of Chile's Nationwide School Voucher Program
  Chang-Tai Hsieh and Miguel Urquiola
• w10009 October 2003 Financial Asset Returns, Direction-of-Change Forecasting, and Volatility Dynamics
  Peter F. Christoffersen and Francis X. Diebold
• w10003 September 2003 Medium Term Business Cycles
  Diego Comin and Mark Gertler
• w10004 September 2003 Hamas, Taliban and the Jewish Underground: An Economist's View of Radical Religious Militias
  Eli Berman
• w10005 September 2003 Concavity of Utility, Concavity of Welfare, and Redistribution of Income
  Louis Kaplow
• w10001 September 2003 US-Europe Differences in Technology-Driven Growth: Quantifying the Role of Education
  Dirk Krueger and Krishna B. Kumar
• w10002 September 2003 Kidney Exchange
  Alvin E. Roth, Tayfun Sonmez, and M. Utku Unver
• w9997 September 2003 Individual Preferences, Monetary Gambles and the Equity Premium
  Nicholas Barberis, Ming Huang, and Richard Thaler
• w9998 September 2003 Relative Wage Variation and Industry Location
  Andrew B. Bernard, Stephen Redding, Peter K. Schott, and Helen Simpson
• w9999 September 2003 Retirement and the Evolution of Pension Structure
  Leora Friedberg and Anthony Webb
• w9989 September 2003 Institutional and Non-Institutional Explanations of Economic Differences
  Stanley L. Engerman and Kenneth L. Sokoloff
• w9990 September 2003 Corruption in Cities: Graft and Politics in American Cities at the Turn of the Twentieth Century
  Rebecca Menes
• w9996 September 2003 The Effects of Offering Health Plan Choice within Employment-Based Purchasing Groups
  M. Kate Bundorf
• w9994 September 2003 Are Mental Health Insurance Mandates Effective? Evidence from Suicides
  Jonathan Klick and Sara Markowitz
• w9995 September 2003 Appearing and Disappearing Dividends: The Link to Catering Incentives
  Malcolm Baker and Jeffrey Wurgler
• w9993 September 2003 On the Welfare Consequences of the Increase in Inequality in the United States
  Dirk Krueger and Fabrizio Perri
• w9992 September 2003 What Do Unions Do ... to Voting?
  Richard B. Freeman
• w9991 September 2003 Are Faculty Critical? Their Role in University-Industry Licensing
  Jerry G. Thursby and Marie C. Thursby
• w9986 September 2003 Demand and Pricing in Electricity Markets: Evidence from San Diego During California's Energy Crisis
  Peter C. Reiss and Matthew W. White
• w9987 September 2003 Can a Work Organization Have an Attitude Problem? The Impact of Workplaces on Employee Attitudes and Economic Outcomes
  Ann Bartel, Richard Freeman, Casey Ichniowski, and Morris M. Kleiner
• w9988 September 2003 A New Method of Estimating Risk Aversion
  Raj Chetty
• w9985 September 2003 The Output Composition Puzzle: A Difference in the Monetary Transmission Mechanism in the Euro Area and U.S.
  Ignazio Angeloni, Anil K. Kashyap, Benoit Mojon, and Daniele Terlizzese
• w9982 September 2003 An Experimental Study of Storable Votes
  Alessandra Casella, Andrew Gelman, and Thomas R. Palfrey
• w9983 September 2003 Generational Accounting in Korea
  Alan J. Auerbach and Young Jun Chun
• w9984 September 2003 Monetary Transmission in the Euro Area: Does the Interest Rate Channel Explain it All?
  Ignazio Angeloni, Anil K. Kashyap, Benoit Mojon, and Daniele Terlizzese
• w9977 September 2003 Unemployment Risk and Compensating Differential in Late-Nineteenth Century New Jersey Manufacturing
  Susan Averett, Howard Bodenhorn, and Justas Staisiunas
• w9978 September 2003 Lessons from Patents: Using Patents To Measure Technological Change in Environmental Models
  David Popp
• w9979 September 2003 How did Location Affect Adoption of the Commercial Internet? Global Village, Urban Density, and Industry Composition
  Chris Forman, Avi Goldfarb, and Shane Greenstein
• w9980 September 2003 Hedonic Price Indexes with Unobserved Product Characteristics, and Application to PC's
  C. Lanier Benkard and Patrick Bajari
• w9981 September 2003 Inflation Targeting in the United States?
  Marvin Goodfriend
• w9971 September 2003 An Essay on the Revived Bretton Woods System
  Michael P. Dooley, David Folkerts-Landau, and Peter Garber
• w9972 September 2003 How Do Hospitals Respond to Price Changes?
  Leemore S. Dafny
• w9973 September 2003 What Effect do Unions Have on Wages Now and Would 'What Do Unions Do' Be Surprised?
  David G. Blanchflower and Alex Bryson
• w9974 September 2003 The Conditional CAPM does not Explain Asset-Pricing Anamolies
  Jonathan Lewellen and Stefan Nagel
• w9975 September 2003 International Adverse Selection in Life Insurance and Annuities
  David McCarthy and Olivia S. Mitchell
• w9976 September 2003 The Consumption Response to Predictable Changes in Discretionary Income: Evidence from the Repayment of Vehicle Loans
  Melvin Stephens Jr.
• w9969 September 2003 Monetary Policy in an Uncertain Environment
  Martin Feldstein
• w9970 September 2003 The Cost of Business Cycles Under Endogenous Growth
  Gadi Barlevy
• w9968 September 2003 Optimal Monetary Policy in a Liquidity Trap
  Gauti B. Eggertsson and Michael Woodford
• w9966 September 2003 Price Indexes for Microsoft's Personal Computer Software Products
  Jaison R. Abel, Ernst R. Berndt, and Alan G. White
• w9967 September 2003 Wage Determination and Employment Fluctuations
  Robert E. Hall
• w9963 September 2003 Does Marijuana Use Impair Human Capital Formation?
  Rosalie Liccardo Pacula, Karen E. Ross, and Jeanne Ringel
• w9964 September 2003 The Impact of Length of the School Year on Student Performance and Earnings: Evidence from the German Short School Year
  Jorn-Steffen Pischke
• w9965 September 2003 Scale and Scope Economies in the Global Advertising and Marketing Services Business
  Alvin J. Silk and Ernst R. Berndt
• w9962 September 2003 The Economics of Identity and the Endogeneity of Race
  Howard Bodenhorn and Christopher S. Ruebeck
• w9954 September 2003 Child Care in Poor Communities: Early Learning Effects of Type, Quality, and Stability
  Susanna Loeb, Bruce Fuller, Sharon Lynn Kagan, Bidemi Carrol, and Judith Carroll
• w9955 September 2003 Advance Directives and Medical Treatment at the End of Life
  Daniel Kessler and Mark B. McClellan
• w9956 September 2003 Banks' Advantage in Hedging Liquidity Risk: Theory and Evidence from the Commercial Paper Market
  Evan Gatev and Philip E. Strahan
• w9957 September 2003 Private Information and its Effect on Market Equilibrium: New Evidence from Long-Term Care Insurance
  Amy Finkelstein and Kathleen McGarry
• w9958 September 2003 The "Virtues" of the Past: Education in the First Hundred Years of the New Republic
  Claudia Goldin and Lawrence F. Katz
• w9959 September 2003 Housing Collateral, Consumption Insurance and Risk Premia: An Empirical Perpective
  Hanno Lustig and Stijn Van Nieuwerburgh
• w9960 September 2003 The Unique Minimum State Variable RE Solution is E-Stable in All Well Formulated Linear Models
  Bennett T. McCallum
• w9961 September 2003 Is the Fiscal Theory of the Price Level Learnable?
  Bennett T. McCallum
• w9947 September 2003 Trade Policy and Industrial Sector Responses: Using Evolutionary Models to Interpret the Evidence
  Erkan Erdem and James Tybout
• w9948 September 2003 Official Interventions and Occasional Violations of Uncovered Interest Party in the Dollar-DM Market
  Nelson Mark and Young-Kyu Moh
• w9949 September 2003 Propping and Tunneling
  Eric Friedman, Simon Johnson, and Todd Mitton
• w9950 September 2003 Gone But Not Forgotten: Labor Flows, Knowledge Spillovers, and Enduring Social Capital
  Ajay Agrawal, Iain Cockburn, and John McHale
• w9951 September 2003 Capital Investments and Stock Returns
  Sheridan Titman, K.C. John Wei, and Feixue Xie
• w9952 September 2003 The Relationships between Mental Health and Substance Abuse Treatment and Juvenile Crime
  Alison Evans Cuellar, Sara Markowitz, and Anne M. Libby
• w9953 September 2003 The Draw of Home: How Teachers' Preferences for Proximity Disadvantage Urban Schools
  Donald Boyd, Hamilton Lankford, and Susanna Loeb
• w9937 September 2003 The Magnitude and Nature of Risk Selection in Employer-Sponsored Health Plans
  Sean Nicholson, Kate Bundorf, Rebecca M. Stein, and Daniel Polsky
• w9938 September 2003 The Causes and Consequences of Distinctively Black Names
  Roland G. Fryer and Steven D. Levitt
• w9939 September 2003 Optimal Inflation Targeting Rules
  Marc P. Giannoni and Michael Woodford
• w9940 September 2003 The Terms of Trade and Economic Growth in the Periphery 1870-1938
  Christopher Blattman, Jason Hwang, and Jeffrey G. Williamson
• w9941 September 2003 Changes in the Process of Aging During the Twentieth Century: Findings and Procedures of the Early Indicators Project
  Robert W. Fogel
• w9942 September 2003 Does Information Undermine Brand? Information Intermediary Use and Preference for Branded Web Retailers
  Joel Waldfogel and Lu Chen
• w9943 September 2003 The Aftermath of Hamilton's "Report on Manufactures"
  Douglas A. Irwin
• w9944 September 2003 Trade Disruptions and America's Early Industrialization
  Douglas A. Irwin and Joseph H. Davis
• w9945 September 2003 Incomplete Contracts and the Product Cycle
  Pol Antràs
• w9946 September 2003 Partial Adjustment without Apology
  Robert G. King and Julia K. Thomas
• w9932 September 2003 Tough Policies, Incredible Policies?
  Andres Velasco and Alejandro Neut
• w9934 September 2003 Unbundling Institutions
  Daron Acemoglu and Simon Johnson
• w9935 September 2003 The Reappearing Masterpiece: Ranking American Artists and Art Works of the Late Twentieth Century
  David W. Galenson
• w9936 September 2003 On the Duration of Trade
  Tibor Besedes and Thomas J. Prusa
• w9931 September 2003 Micro-Foundations of Urban Agglomeration Economies
  Giles Duranton and Diego Puga
• w9933 September 2003 Becoming Oldest-Old: Evidence from Historical U.S. Data
  Dora L. Costa and Joanna Lahey
• w9930 September 2003 Does the Source of Capital Affect Capital Structure?
  Michael Faulkender and Mitchell A. Petersen
• w9925 August 2003 Price Elasticity of Demand for Term Life Insurance and Adverse Selection
  Mark V. Pauly, Kate H. Withers, Krupa Subramanian-Viswana, Jean Lemaire, and John C. Hershey
• w9913 August 2003 Pension Reform in Germany: The Impact on Retirement Decisions
  Axel Borsch-Supan and Barbara Berkel
• w9914 August 2003 The Effect of Macroeconomic News on Beliefs and Preferences: Evidence from the Options Market
  Alessandro Beber and Michael W. Brandt
• w9929 August 2003 Monetary Discretion, Pricing Complementarity and Dynamic Multiple Equilibria
  Robert G. King and Alexander L. Wolman
• w9918 August 2003 Mothers' and Fathers' Labor Supply in Fragile Families: The Role of Child Health
  Hope Corman, Nancy E. Reichman, and Kelly Noonan
• w9919 August 2003 Adverse Selection and the Challenges to Stand-Alone Prescription Drug Insurance
  Mark V. Pauly and Yuhui Zeng
• w9920 August 2003 The Case for Auctioning Countermeasures in the WTO
  Kyle Bagwell, Petros C. Mavroidis, and Robert W. Staiger
• w9921 August 2003 Bank Concentration and Crises
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
• w9922 August 2003 On the Efficiency of Competitive Electricity Markets With Time-Invariant Retail Prices
  Severin Borenstein and Stephen P. Holland
• w9924 August 2003 A New Approach to the Valuation of Intangible Capital
  Jason G. Cummins
• w9926 August 2003 How Should We Measure Consumer Confidence (Sentiment)? Evidence from the Michigan Survey of Consumers
  Jeff Dominitz and Charles F. Manski
• w9927 August 2003 Uncovering the Risk-Return Relation in the Stock Market
  Hui Guo and Robert F. Whitelaw
• w9928 August 2003 Importing Technology
  Francesco Caselli and Daniel Wilson
• w9917 August 2003 Passive Decisions and Potent Defaults
  James Choi, David Laibson, Brigitte Madrian, and Andrew Metrick
• w9915 August 2003 Disentangling Volatility from Jumps
  Yacine Ait-Sahalia
• w9916 August 2003 Capital Tax Incidence: Fisherian Impressions from the Time Series
  Casey B. Mulligan
• w9923 August 2003 Capital Deepening in American Manufacturing, 1850-1880
  Jeremy Atack, Fred Bateman, and Robert A. Margo
• w9910 August 2003 Identification and Estimation of Hedonic Models
  Ivar Ekeland, James J. Heckman, and Lars P. Nesheim
• w9911 August 2003 The Pricing of Job Characteristics When Markets Do Not Clear: Theory and Implications
  Kevin Lang and Sumon Majumdar
• w9912 August 2003 The Role of Consumer Knowledge of Insurance Benefits in the Demand for Preventative Health
  Stephen T. Parente, David Salkever, and Joan DaVanzo
• w9900 August 2003 Does Exchange Rate Risk Matter for Welfare?
  Paul R. Bergin and Ivan Tchakarov
• w9901 August 2003 A Pound of Flesh or Just Proxy? Using Twin Differences to Estimate the Effect of Birth Weight on Life Chances
  Dalton Conley, Kate Strully, and Neil G. Bennett
• w9902 August 2003 Household Saving in Germany: Results of the first SAVE study
  Axel Borsch-Supan and Lothar Essig
• w9903 August 2003 Procuring Knowledge
  Stephen M. Maurer and Suzanne Scotchmer
• w9904 August 2003 The Economics of 'Acting White'
  David Austen-Smith and Roland G. Fryer
• w9899 August 2003 Changing Economic Geography and Vertical Linkages in Japan
  Eiichi Tomiura
• w9909 August 2003 How Do Patent Laws Influence Innovation? Evidence from Nineteenth-Century World Fairs
  Petra Moser
• w9908 August 2003 Debt Intolerance
  Carmen M. Reinhart, Kenneth S. Rogoff, and Miguel A. Savastano
• w9907 August 2003 Parental Medicaid Expansions and Health Insurance Coverage
  Anna Aizer and Jeffrey Grogger
• w9906 August 2003 On the Hidden Links Between Financial and Trade Opening
  Joshua Aizenman
• w9905 August 2003 Optimal Monetary and Fiscal Policy: A Linear Quadratic Approach
  Pierpaolo Benigno and Michael Woodford
• w9898 August 2003 Missing Aggregate Dynamics: On the Slow Convergence of Lumpy Adjustment Models
  David Berger, Ricardo J. Caballero, and Eduardo Engel
• w9896 August 2003 What, Me Vote?
  Richard B. Freeman
• w9897 August 2003 Healthy, Wealthy, and Knowing Where to Live: Predicted Trajectories of Health, Wealth and Living Arrangements Among the Oldest Old
  Florian Heiss, Michael Hurd, and Axel Borsch-Supan
• w9892 August 2003 Utility Evaluation of Risk in Retirement Saving Accounts
  James Poterba, Joshua Rauh, Steven Venti, and David Wise
• w9893 August 2003 Inventory Information
  H. Henry Cao, Richard K. Lyons, and Martin D.D. Evans
• w9894 August 2003 Investor Rationality: Evidence from UK Property Capitalization Rates
  Patric H. Hendershott and Bryan D. MacGregor
• w9895 August 2003 Simulation and Estimation of Nonaddative Hedonic Models
  James J. Heckman, Rosa Matzkin, and Lars Nesheim
• w9879 August 2003 Trade Reforms, Labor Regulations and Labor-Demand Elasticities: Empirical Evidence from India
  Rana Hasan, Devashish Mitra, and K.V. Ramaswamy
• w9889 August 2003 Are Structural Estimates of Auction Models Reasonable? Evidence from Experimental Data
  Patrick Bajari and Ali Hortacsu
• w9890 August 2003 Regulations, Market Structure, Institutions, and the Cost of Financial Intermediation
  Asli Demirguc-Kunt, Luc Laeven, and Ross Levine
• w9891 August 2003 Estimating Housing Demand with an Application to Explaining Racial Segregation in Cities
  Patrick Bajari and Matthew E. Kahn
• w9882 August 2003 What Works in Securities Law?
  Rafael La Porta, Florencio Lopez-de-Silane, and Andrei Shleifer
• w9883 August 2003 Fees and Surcharging in automatic teller machine networks: Non-bank ATM providers versus large banks
  Elizabeth W. Croft and Barbara J. Spencer
• w9884 August 2003 Imperfect Knowledge, Inflation Expectations, and Monetary Policy
  Athanasios Orphanides and John C. Williams
• w9885 August 2003 You Only Die Once: Managing Discrete Interdependent Risks
  Geoffrey Heal and Howard Kunreuther
• w9886 August 2003 Cities, Regions and the Decline of Transport Costs
  Edward L. Glaeser and Janet E. Kohlhase
• w9887 August 2003 Six Challenges in Designing Equity-Based Pay
  Brian J. Hall
• w9888 August 2003 Incentive-Compatible Guaranteed Renewable Health Insurance
  Bradley Herring and Mark Pauly
• w9880 August 2003 Financial Integration: A New Methodology and an Illustration
  Robert P. Flood and Andrew K. Rose
• w9881 August 2003 The Effect of Schooling and Ability on Achievement Test Scores
  Karsten Hansen, James J. Heckman, and Kathleen J. Mullen
• w9878 August 2003 Analyzing the Determinants of the Matching Public School Teachers to Jobs: Estimating Compensating Differentials in Imperfect Labor Markets
  Donald Boyd, Hamilton Lankford, Susanna Loeb, and James Wyckoff
• w9877 August 2003 Selection Bias, Comparative Advantage and Heterogeneous Returns to Education
  James J. Heckman and Xuesong Li
• w9872 July 2003 Heckscher-Ohlin Theory and Individual Attitudes Towards Globalization
  Kevin O'Rourke
• w9873 July 2003 Are Emily and Greg More Employable than Lakisha and Jamal? A Field Experiment on Labor Market Discrimination
  Marianne Bertrand and Sendhil Mullainathan
• w9874 July 2003 The Impact of Price Regulation on the Launch Delay of New Drugs - Evidence from Twenty-Five Major Markets in the 1990s
  Patricia M. Danzon, Y. Richard Wang, and Liang Wang
• w9866 July 2003 A New Measure of Monetary Shocks: Derivation and Implications
  Christina D. Romer and David H. Romer
• w9876 July 2003 Peer Effects and Alcohol Use Among College Students
  Michael Kremer and Dan M. Levy
• w9875 July 2003 When Do Central Bank Interventions Influence Intra-Daily and Longer-Term Exchange Rate Movements?
  Kathryn M.E. Dominguez
• w9871 July 2003 Entry Deterrence in Hospital Procedure Markets: A Simple Model of Learning-By-Doing
  Leemore S. Dafny
• w9870 July 2003 Who Gets Health Care?
  Robert W. Fogel and Chulhee Lee
• w9869 July 2003 Why the Welfare State Looks Like a Free Lunch
  Peter H. Lindert
• w9868 July 2003 Did American Welfare Capitalists Breach their Implicit Contracts? Preliminary Findings from Company-level Data, 1920-1940
  Chiaki Moriguchi
• w9867 July 2003 Flexible Exchange Rates as Shock Absorbers
  Sebastian Edwards and Eduardo Levy Yeyati
• w9864 July 2003 Explaining Sudden Stops, Growth Collapse and BOP Crises: The Case of Distortionary Output Taxes
  Guillermo A. Calvo
• w9865 July 2003 The Economic Tragedy of the XXth Century: Growth in Africa
  Elsa V. Artadi and Xavier Sala-i-Martin
• w9857 July 2003 The Decline and Rise of Interstate Migration in the United States: Evidence from the IPUMS, 1850-1990
  Joshua L. Rosenbloom and William A. Sundstrom
• w9858 July 2003 Stock Prices and IPO Waves
  Lubos Pastor and Pietro Veronesi
• w9859 July 2003 Understanding Changes in International Business Cycle Dynamics
  James H. Stock and Mark W. Watson
• w9860 July 2003 Why didn't France follow the British Stabilization after World War One?
  Michael D. Bordo and Pierre-Cyrille Hautcoeur
• w9861 July 2003 Evaluating Portfolio Policies: A Duality Approach
  Martin B. Haugh, Leonid Kogan, and Jiang Wang
• w9862 July 2003 Anticipated Ramsey Reforms and the Uniform Taxation Principle: the Role of International Financial Markets
  Stephanie Schmitt-Grohe and Martin Uribe
• w9863 July 2003 Market Evidence of Misperceived Prices and Mistaken Mortality Risks
  Jay Bhattacharya, Dana Goldman, and Neeraj Sood
• w9855 July 2003 Tax Credits and the Use of Medical Care
  Michael Smart and Mark Stabile
• w9856 July 2003 Literary Life Cycles: The Careers of Modern American Poets
  David W. Galenson
• w9852 July 2003 The Value of a Statistical Life and the Coefficient of Relative Risk Aversion
  Louis Kaplow
• w9853 July 2003 Beauty in the Classroom: Professors' Pulchritude and Putative Pedagogical Productivity
  Daniel Hamermesh and Amy M. Parker
• w9854 July 2003 After the War Boom: Reconversion on the U.S. Pacific Coast, 1943-49
  Paul W. Rhode
• w9850 July 2003 Who Benefits from Labor Market Regulations? Chile 1960-1998
  Claudio Montenegro and Carmen Pages
• w9851 July 2003 The Effects of Changes in State SSI Supplements on Pre-Retirement Labor Supply
  David Neumark and Elizabeth T. Powers
• w9846 July 2003 New Data, New doubts: A Comment on Burnside and Dollar's "Aid, Policies, and Growth" (2000)
  William Easterly, Ross Levine, and David Roodman
• w9847 July 2003 Quality and Employers' Choice of Health Plan
  Michael Chernew, Gautam Gowrisankaran, Catherine McLaughlin, and Teresa Gibson
• w9848 July 2003 Understanding Trend and Cycle in Asset Values: Reevaluating the Wealth Effect on Consumption
  Martin Lettau and Sydney Ludvigson
• w9849 July 2003 Enriching a Theory of Wage and Promotion Dynamics Inside Firms
  Robert Gibbons and Michael Waldman
• w9845 July 2003 Is the Social Security Trust Fund Worth Anything?
  Kent Smetters
• w10623 July 2003 How Have Borrowers Fared in Banking Mega-Mergers?
  Kenneth A. Carow, Edward J. Kane, and Rajesh Narayanan
• w9841 July 2003 How "Original Sin" was Overcome: The Evolution of External Debt Denominated in Domestic Currencies in the United States and the British Dominions
  Michael D. Bordo, Christopher Meissner, and Angela Redish
• w9842 July 2003 Public Goods and the Distribution of Income
  Louis Kaplow
• w9843 July 2003 Addressing the Transfer-Pricing Problem in an Origin-Basis X Tax
  David F. Bradford
• w9844 July 2003 Bidding for Industrial Plants: Does Winning a 'Million Dollar Plant' Increase Welfare?
  Michael Greenstone and Enrico Moretti
• w9839 July 2003 Regime-Switching and the Estimation of Multifractal Processes
  Laurent Calvet and Adlai Fisher
• w9840 July 2003 Financial Innovation, Market Participation and Asset Prices
  Laurent Calvet, Martin Gonzalez-Eiras, and Paolo Sodini
• w9831 July 2003 Chip Shots: Association Between the State Children's Health Insurance Programs and Immunization Coverage and Delivery
  Ted Joyce and Andrew Racine
• w9832 July 2003 Do Flexible Durable Goods Prices Undermine Sticky Price Models?
  Robert Barsky, Christopher L. House, and Miles Kimball
• w9833 July 2003 Why Are Drugs More Profitable Than Vaccines?
  Michael Kremer and Christopher M. Snyder
• w9834 July 2003 Asset Prices and Exchange Rates
  Anna Pavlova and Roberto Rigobon
• w9838 July 2003 Monetary Policy in Economies with Little or No Money
  Bennett T. McCallum
• w9835 July 2003 Monetary Policy and Sectoral Shocks: Did the FED react properly to the High-Tech Crisis?
  Claudio Raddatz and Roberto Rigobon
• w9836 July 2003 Bidding Rings and the Winner's Curse: The Case of Federal Offshore Oil and Gas Lease Auctions
  Ken Hendricks, Robert Porter, and Guofu Tan
• w9837 July 2003 Multiple-Solution Indeterminacies in Monetary Policy Analysis
  Bennett T. McCallum
• w9827 July 2003 Aggregation and Insurance Mortality Estimation
  William H. Dow, Kristine A. Gonzalez, and Luis Rosero-Bixby
• w9828 July 2003 Sudden Stops, the Real Exchange Rate, and Fiscal Sustainability: Argentina's Lessons
  Guillermo A. Calvo, Alejandro Izquierdo, and Ernesto Talvi
• w9829 July 2003 Are More Data Always Better for Factor Analysis?
  Jean Boivin and Serena Ng
• w9830 July 2003 Trade Reforms and Wage Inequiality in Colombia
  Orazio Attanasio, Pinelopi Goldberg, and Nina Pavcnik
• w9823 July 2003 Trade, Growth and the Environment
  Brian R. Copeland and M. Scott Taylor
• w9824 July 2003 Guns, Drugs and Juvenile Crime: Evidence from a Panel of Siblings and Twins
  H. Naci Mocan and Erdal Tekin
• w9825 July 2003 Grilichesian Breakthroughs: Inventions of Methods of Inventing and Firm Entry in Nanotechnology
  Michael R. Darby and Lynne G. Zucker
• w9826 July 2003 What Do People Buy When They Don't Buy Health Insurance And What Does that Say about Why They are Uninsured?
  Helen Levy and Thomas DeLeire
• w9813 July 2003 Executive Compensation as an Agency Problem
  Lucian Arye Bebchuk and Jesse M. Fried
• w9814 July 2003 The Case for Open-Market Purchases in a Liquidity Trap
  Alan J. Auerbach and Maurice Obstfeld
• w9815 July 2003 Causing Problems? The WTO Review of Causation and Injury Attribution in U.S. Section 201 Cases
  Douglas A. Irwin
• w9816 July 2003 Entrepreneurial Spawning: Public Corporations and the Genesis of New Ventures, 1986-1999
  Paul Gompers, Josh Lerner, and David Scharfstein
• w9817 July 2003 Stock Market Cycles, Financial Liberalization and Volatility
  Sebastian Edwards, Javier Gomez Biscarri, and Fernando Perez de Gracia
• w9818 July 2003 The Determinants of Participation in a Social Program: Evidence from a Prototypical Job Training Program
  James J. Heckman and Jeffrey A. Smith
• w9812 July 2003 Insurance and the Utilization of Medical Services
  Jonathan Meer and Harvey S. Rosen
• w9822 July 2003 Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)
  Angus Deaton
• w9819 July 2003 What Happens After a Technology Shock?
  Lawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson
• w9820 July 2003 Strict Dollarization and Economic Performance: An Empirical Investigation
  Sebastian Edwards and I. Igal Magendzo
• w9821 July 2003 Broken Down by Work and Sex: How Our Health Declines
  Anne C. Case and Angus Deaton
• w9811 July 2003 The Marginal Propensity to Spend on Adult Children
  Joseph G. Altonji and Ernesto Villanueva
• w9810 July 2003 Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea
  Youngjae Lim and Chin Hee Hahn
• w9806 June 2003 Transparency, Risk Management and International Financial Fragility
  Mario Draghi, Francesco Giavazzi, and Robert C. Merton
• w9807 June 2003 Private Equity Performance: Returns, Persistence and Capital
  Steven Kaplan and Antoinette Schoar
• w9805 June 2003 Social Learning and Coordination in High-Stakes Games: Evidence from Friend or Foe
  Felix Oberholzer-Gee, Joel Waldfogel, and Matthew White
• w9809 June 2003 Choosing (and reneging on) exchange rate regimes
  Alberto Alesina and Alexander Wagner
• w9808 June 2003 The Mirage of Exchange Rate Regimes for Emerging Market Countries
  Guillermo Calvo and Frederic S. Mishkin
• w9803 June 2003 Did Expanding Medicaid Affect Welfare Participation?
  John C. Ham and Lara D. Shore-Sheppard
• w9804 June 2003 Addressing the Natural Resource Curse: An Illustration from Nigeria
  Xavier Sala-i-Martin and Arvind Subramanian
• w9802 June 2003 Incentives in Markets, Firms and Governments
  Daron Acemoglu, Michael Kremer, and Atif Mian
• w9799 June 2003 The Practice and Proscription of Affirmative Action in Higher Education:An Equilibrium Analysis
  Dennis Epple, Richard Romano, and Holger Sieg
• w9794 June 2003 Distributional Disputes and Civil Conflict
  Herschel I. Grossman
• w9795 June 2003 The Dominance of Retail Stores
  Alexandre Ziegler and Edward P. Lazear
• w9796 June 2003 Disagreement about Inflation Expectations
  N. Gregory Mankiw, Ricardo Reis, and Justin Wolfers
• w9797 June 2003 Outcome Versus Service Based Payment in Health Care: Lessons from African Traditional Healers
  Kenneth Leonard and Joshua Graff Zivin
• w9798 June 2003 "Will Social Security Be There For You?": How Americans Perceive Their Benefits
  Jeff Dominitz, Charles F. Manski, and Jordan Heinz
• w9800 June 2003 Measuring the Impact of Minimum Wages: Evidence from Latin America
  William F. Maloney and Jairo Nunez Mendez
• w9801 June 2003 Chasing the Smokestack: Strategic Policymaking With Multiple Instruments
  Per G. Fredriksson, John A. List, and Daniel L. Millimet
• w9789 June 2003 Product Choice and Product Switching
  Andrew B. Bernard, Peter K. Schott, and Stephen Redding
• w9790 June 2003 The Impact of Physician Intervention and Tobacco Control Policies on Average Daily Cigarette Consumption Among Adult Smokers
  John A. Tauras and Lan Liang
• w9791 June 2003 How to Tell if a Money Manager Knows More?
  Sergey Iskoz and Jiang Wang
• w9792 June 2003 Committee Structure and the Success of Connected Lending in Nineteenth Century New England Banks
  Christopher Meissner
• w9793 June 2003 ". . . and six hundred thousand men were dead."
  Herschel I. Grossman
• w9782 June 2003 The Married Widow: Marriage Penalties Matter!
  Michael Baker, Emily Hanna, and Jasmin Kantarevic
• w9783 June 2003 House Prices and Consumer Welfare
  Patrick Bajari, C. Lanier Benkard, and John Krainer
• w9784 June 2003 The Trouble with Stock Options
  Brian J. Hall and Kevin J. Murphy
• w9785 June 2003 The Optimal Taxation of Unskilled Labor with Job Search and Social Assistance
  Jan Boone and Lans Bovenberg
• w9786 June 2003 Government Finance in the Wake of Currency Crises
  Craig Burnside, Martin Eichenbaum, and Sergio Rebelo
• w9787 June 2003 Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
  Graciela Kaminsky and Sergio Schmukler
• w9788 June 2003 From Cradle to Grave? The Lasting Impact of Childhood Health and Circumstance
  Anne Case, Angela Fertig, and Christina Paxson
• w9781 June 2003 Welfare Reform, Labor Supply, and Health Insurance in the Immigrant Population
  George J. Borjas
• w9779 June 2003 Phasing Into Retirement
  Steven G. Allen, Robert L. Clark, and Linda S. Ghent
• w9780 June 2003 Measuring Success of Advanced Technology Program Participation Using Archival Data
  Lynne G. Zucker and Michael R. Darby
• w9775 June 2003 Judicial Checks and Balances
  Rafael LaPorta, Florencio Lopez-de-Silane, Cristian Pop-Eleches, and Andrei Shleifer
• w9776 June 2003 Globalization and Dirty Industries: Do Pollution Havens Matter?
  Jean-Marie Grether and Jaime de Melo
• w9772 June 2003 Fiscal Shocks and Their Consequences
  Craig Burnside, Martin Eichenbaum, and Jonas Fisher
• w9773 June 2003 Fiscal Policy and Monetary Integration in Europe
  Jordi Gali and Roberto Perotti
• w9774 June 2003 The Effects of Private Insurance on Measures of Health: Evidence from the Health and Retirement Study
  Avi Dor, Joseph Sudano, and David W. Baker
• w9769 June 2003 The Effect of Welfare Reform on Prenatal Care and Birth Weight
  Robert Kaestner and Won Chan Lee
• w9770 June 2003 Historical Perspectives on Racial Differences in Schooling in the United States
  William J. Collins and Robert A. Margo
• w9771 June 2003 Secular Trends in Physiological Capital: Implications for Equity in Health Care
  Robert W. Fogel
• w9777 June 2003 One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smalles Traded Firms
  Kristin J. Forbes
• w9778 June 2003 Hedging Sudden Stops and Precautionary Contractions
  Ricardo J. Caballero and Stavros Panageas
• w9766 June 2003 International Migration, Remittances, and Schooling: Evidence from El Salvador
  Alejandra Cox Edwards and Manuelita Ureta
• w9767 June 2003 Coordination and Policy Traps
  George-Marios Angeletos, Christian Hellwig, and Alessandro Pavan
• w9768 June 2003 The Vintage Effect in TFP Growth: An Analysis of the Age Structure of Capital
  Maury Gittleman, Thijs ten Raa, and Edward N. Wolff
• w9760 June 2003 Measuring the Well-Being of the Poor Using Income and Consumption
  Bruce D. Meyer and James X. Sullivan
• w9761 June 2003 Differentiation Strategy and Market Deregulation: Local Telecommunication Entry in the Late 1990s
  Shane Greenstein and Michael Mazzeo
• w9762 June 2003 ENTICE: Endogenous Technological Change in the DICE Model of Global Warming
  David Popp
• w9763 June 2003 Bureaucracy as a Mechanism to Generate Information
  Walter Novaes and Luigi Zingales
• w9764 June 2003 Idiosyncratic Production Risk, Growth, and the Business Cycle
  George-Marios Angeletos and Laurent Calvet
• w9765 June 2003 The Quantity and Quality of Life and the Evolution of World Inequality
  Gary S. Becker, Tomas J. Philipson, and Rodrigo R. Soares
• w9758 June 2003 Equilibrium Asset Prices Under Imperfect Corporate Control
  James Dow, Gary Gorton, and Arvind Krishnamurthy
• w9759 June 2003 Household Risk Management and Optimal Mortgage Choice
  John Y. Campbell and Joao F. Cocco
• w9748 June 2003 Parochial Interests and the Centralized Provision of Local Public Goods: Evidence from Congressional Voting on Transportation Projects
  Brian Knight
• w9749 June 2003 Voice and Growth: Was Churchill Right?
  Peter H. Lindert
• w9750 June 2003 Does Misery Love Company? Evidence from pharmaceutical markets before and after the Orphan Drug Act
  Frank R. Lichtenberg and Joel Waldfogel
• w9751 June 2003 The Negative Income Tax and the Evolution of U.S. Welfare Policy
  Robert A. Moffitt
• w9752 June 2003 Just and Reasonable Treatment: Racial Treatment in the Terms of Pauper Apprenticeship in Antebellum Maryland
  Howard Bodenhorn
• w9753 June 2003 James Tobin: An Appreciation of his Contribution to Economics
  Willem H. Buiter
• w9754 June 2003 The impact of new drug launches on longevity: evidence from longitudinal disease-level data from 52 countries, 1982-2001
  Frank R. Lichtenberg
• w9755 June 2003 The Labor Demand Curve is Downward Sloping: Reexamining the Impact of Immigration on the Labor Market
  George J. Borjas
• w9756 June 2003 The Regulation of Labor
  Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silane, Andrei Shleifer, and Juan Botero
• w9757 June 2003 Auctions Versus Negotiations in Procurement: An Empirical Analysis
  Patrick Bajari, Robert S. McMillan, and Steve Tadelis
• w9745 June 2003 Why Parents Play Favorites: Explanations for Unequal Bequests
  Audrey Light and Kathleen McGarry
• w9746 June 2003 A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility
  Enrique G. Mendoza and Linda L. Tesar
• w9747 June 2003 Implementing Optimal Policy through Inflation-Forecast Targeting
  Lars E. O. Svensson and Michael Woodford
• w9744 June 2003 Airline Schedule Recovery after Airport Closures: Empirical Evidence Since September 11th
  Nicholas G. Rupp, George M. Holmes, and Jeff DeSimone
• w9743 June 2003 Market Reactions to Tangible and Intangible Information
  Kent Daniel and Sheridan Titman
• w9741 June 2003 Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices
  Michael C. Davis and James D. Hamilton
• w9742 June 2003 Prodigals and Projecture: An Economic History of Usury Laws in the United States from Colonial Times to 1900
  Hugh Rockoff
• w9739 June 2003 Endogenous Tradability and Macroeconomic Implications
  Paul R. Bergin and Reuven Glick
• w9740 June 2003 Firms, Contracts, and Trade Structure
  Pol Antràs
• w9737 June 2003 Credit Market Imperfections in Middle Income Countries
  Aaron Tornell and Frank Westermann
• w9738 June 2003 Health Inequality, Education and Medical Innovation
  Sherry Glied and Adriana Lleras-Muney
• w9736 June 2003 Neoclassical Theory Versus Prospect Theory: Evidence from the Marketplace
  John A. List
• w9732 May 2003 Fifty Years of Mincer Earnings Regressions
  James J. Heckman, Lance J. Lochner, and Petra E. Todd
• w9733 May 2003 Sprawl and Urban Growth
  Edward L. Glaeser and Matthew E. Kahn
• w9734 May 2003 The Disclosure and Licensing of University Inventions
  Richard A. Jensen, Jerry G. Thursby, and Marie C. Thursby
• w9735 May 2003 Appropriability and the timing of innovation: Evidence from MIT inventions
  Emmanuel Dechenaux, Brent Goldfarb, Scott A. Shane, and Marie C. Thursby
• w9730 May 2003 Adoption of New Technology
  Bronwyn H. Hall and Beethika Khan
• w9731 May 2003 Prospects for Improving U.S. Patent Quality via Post-grant Opposition
  Bronwyn H. Hall, Stuart J.H. Graham, and Dietmar Harhoff
• w9729 May 2003 Distance, Time, and Specialization
  Carolyn L. Evans and James Harrigan
• w9728 May 2003 Product Differentiation, Search Costs, and Competition in the Mutual Fund Industry: A Case Study of the S&P 500 Index Funds
  Ali Hortacsu and Chad Syverson
• w9726 May 2003 Identification and Estimation of Dynamic Games
  Martin Pesendorfer and Philipp Schmidt-Dengler
• w9727 May 2003 Incentives and Invention in Universities
  Saul Lach and Mark Schankerman
• w9716 May 2003 The Role of Globalization in the Within-Industry Shift Away from Unskilled Workers in France
  Vanessa Strauss-Kahn
• w9717 May 2003 Business Method Patents, Innovation, and Policy
  Bronwyn H. Hall
• w9718 May 2003 Footloose and Pollution-Free
  Josh Ederington, Arik Levinson, and Jenny Minier
• w9714 May 2003 Annuities and Individual Welfare
  Thomas Davidoff, Jeffrey R. Brown, and Peter A. Diamond
• w9715 May 2003 A Multinational Perspective on Capital Structure Choice and Internal Capital Markets
  Mihir A. Desai, C. Fritz Foley, and James R. Hines, Jr.
• w9724 May 2003 Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms
  Jiann-Chyuan Wang and Kuen-Hung Tsai
• w9725 May 2003 Defense R&D Policy in the Anti-terrorist Era
  Manuel Trajtenberg
• w9723 May 2003 Vertical Production Networks in Multinational Firms
  Gordon H. Hanson, Raymond J. Mataloni, and Matthew J. Slaughter
• w9721 May 2003 A Model of Add-on Pricing
  Glenn Ellison
• w9722 May 2003 Executive Compensation and Short-termist Behavior in Speculative Markets
  Patrick Bolton, Jose Scheinkman, and Wei Xiong
• w9720 May 2003 Does the Format of a Financial Aid Program Matter? The Effect of State In-Kind Tuition Subsidies
  Bridget Terry Long
• w9719 May 2003 Specialization, Firms, and Markets: The Division of Labor Within and Between Law Firms
  Luis Garicano and Thomas N. Hubbard
• w9712 May 2003 A Structural Empirical Model of Firm Growth, Learning, and Survival
  Jaap H. Abbring and Jeffrey R. Campbell
• w9713 May 2003 IS-LM and Monetarism
  Michael D. Bordo and Anna J. Schwartz
• w9703 May 2003 A Quasi-Experimental Estimate of the Impact of Financial Aid on College-Going
  Thomas J. Kane
• w9704 May 2003 Bank Integration and State Business Cycles
  Donald Morgan, Bertrand Rime, and Philip Strahan
• w9705 May 2003 Nonunion Wage Rates and the Threat of Unionization
  Henry Farber
• w9706 May 2003 Is Tomorrow Another Day? The Labor Supply of New York Cab Drivers
  Henry Farber
• w9707 May 2003 Job Loss in the United States, 1981-2001
  Henry Farber
• w9708 May 2003 Treatment Effect Heterogeneity in Theory and Practice
  Joshua D. Angrist
• w9709 May 2003 Ideas and Education: Level or Growth Effects?
  Steve Dowrick
• w9710 May 2003 Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries
  Donald Morgan and Philip Strahan
• w9711 May 2003 The Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trade of Money Managers
  Harrison Hong, Jeffrey D. Kubik, and Jeremy C. Stein
• w9702 May 2003 Living Wage Effects: New and Improved Evidence
  Scott Adams and David Neumark
• w9694 May 2003 Economic Analysis of Accident Law
  Steven Shavell
• w9695 May 2003 Economic Analysis of Property Law
  Steven Shavell
• w9696 May 2003 Economic Analysis of Contract Law
  Steven Shavell
• w9697 May 2003 Economic Analysis of Litigation and the Legal Process
  Steven Shavell
• w9698 May 2003 Economic Analysis of Public Law Enforcement and Criminal Law
  Steven Shavell
• w9701 May 2003 Relative Prices and Relative Prosperity
  Chang-Tai Hsieh and Peter J. Klenow
• w9700 May 2003 Economic Analysis of Welfare Economics, Morality and the Law
  Steven Shavell
• w9699 May 2003 Economic Analysis of the General Structure of the Law
  Steven Shavell
• w9685 May 2003 Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments
  Scott Weisbenner and Zoran Ivkovich
• w9687 May 2003 Globalization in Latin America Before 1940
  Jeffrey G. Williamson and Luis Bertola
• w9688 May 2003 Do Minimum Wages Affect Non-wage Job Attributes? Evidence on Fringe Benefits and Working Conditions
  Kosali Ilayperuma Simon and Robert Kaestner
• w9689 May 2003 The Effect of Drug Prohibition on Drug Prices: Evidence from the Markets for Cocaine and Heroin
  Jeffrey A. Miron
• w9690 May 2003 Marijuana Decriminalization: What does it mean in the United States?
  Rosalie Liccardo Pacula, Jamie F. Chriqui, and Joanna King
• w9691 May 2003 Social Security, Retirement, and the Single-Mindedness of the Electorate
  Casey B. Mulligan and Xavier Sala-i-Martin
• w9692 May 2003 Spaghetti Regionalism or Strategic Foreign Trade: Some Evidence for Mexico
  Alejandro Ibarra-Yunez
• w9693 May 2003 Impacts of Eligibility Expansions and Provider Reimbursement Rate Increases on Child Care Subsidy Take-Up Rates, Welfare Use and Work
  Ann Dryden Witte and Magaly Queralt
• w9681 May 2003 Alcohol Prohibition and Cirrhosis
  Angela K. Dills and Jeffrey K. Miron
• w9682 May 2003 Religion and Economic Growth
  Robert J. Barro and Rachel McCleary
• w9683 May 2003 Does School Choice Increase School Quality?
  George M. Holmes, Jeff DeSimone, and Nicholas G. Rupp
• w9684 May 2003 The Elusive Gains from International Financial Integration
  Pierre-Olivier Gourinchas and Olivier Jeanne
• w9686 May 2003 Local Revenue Hills: Evidence from Four U.S. Cities
  Andrew F. Haughwout, Robert P. Inman, Steven Craig, and Thomas Luce
• w9672 May 2003 Inflation Targeting, Price-Path Targeting and Output Variability
  Stephen G. Cecchetti and Junhan Kim
• w9673 May 2003 Maximum Likelihood Estimation of Latent Affine Processes
  David S. Bates
• w9674 May 2003 Diversification and the Taxation of Capital Gains and Losses
  Richard J. Rendleman, Jr. and Douglas A. Shackelford
• w9675 May 2003 Product Quality and Market Size
  Steven Berry and Joel Waldfogel
• w9676 May 2003 Alcohol Advertising and Alcohol Consumption by Adolescents
  Henry Saffer and Dhaval Dave
• w9677 May 2003 Do Demographic Changes Affect Risk Premiums? Evidence from International Data
  Andrew Ang and Angela Maddaloni
• w9678 May 2003 Risk Aversion, Liability Rules, and Safety
  Joshua Graff Zivin, Richard Just, and David Zilberman
• w9679 May 2003 Firm-Specific Human Capital: A Skill-Weights Approach
  Edward P. Lazear
• w9680 May 2003 Cooperative Marketing Agreements Between Competitors: Evidence from Patent Pools
  Josh Lerner, Jean Tirole, and Marcin Strojwas
• w9671 May 2003 Teacher Incentives
  Paul Glewwe, Nauman Ilias, and Michael Kremer
• w9661 May 2003 Charitable Bequests and Taxes on Inheritance and Estates: Aggregate Evidence from Across States and Time
  Jon Bakija, William Gale, and Joel Slemrod
• w9662 May 2003 The Role of Information in Driving FDI Flows: Host-Country Tranparency and Source Country Specialization
  Ashoka Mody, Assaf Razin, and Efraim Sadka
• w9663 May 2003 Do all networks facilitate international commerce? US law firms and the international market for corporate control
  Simon J. Evenett
• w9664 May 2003 A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations
  Michael W. Brandt and Francis X. Diebold
• w9665 May 2003 The Determinants and Consequences of Child Care Subsidies for Single Mothers
  David Blau and Erdal Tekin
• w9666 May 2003 The Monetary Consequences of a Free Trade Area of the Americas
  Barry Eichengreen and Alan M. Taylor
• w9667 May 2003 Inflation Targeting in Transition Countries: Experience and Prospects
  Jiri Jonas and Frederic S. Mishkin
• w9670 May 2003 Twin Fallacies About Exchange Rate Policy in Emerging Markets
  Carmen M. Reinhart and Vincent R. Reinhart
• w9668 May 2003 Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers
  Christopher L. Gilbert and Panos Varangis
• w9669 May 2003 The Effects of Multinational Production on Wages and Working Conditions in Developing Countries
  Drusilla K. Brown, Alan V. Deardorff, and Robert M. Stern
• w9660 April 2003 Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
  Jon Faust, John H. Rogers, Eric Swanson, and Jonathan H. Wright
• w9659 April 2003 Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships
  Raymond Fisman and Mayank Raturi
• w9654 April 2003 Exchange Rate Regime Choice in Historical Perspective
  Michael D. Bordo
• w9655 April 2003 The Cross Border Mergers and Acquisitions Wave of the Late 1990s
  Simon J. Evenett
• w9656 April 2003 Was It Stolper-Samuelson, Infant Industry or Something Else? World Trade Tariffs 1789-1938
  Jeffrey G. Williamson
• w9658 April 2003 Financial Crises as Herds: Overturning the Critiques
  V. V. Chari and Patrick J. Kehoe
• w9657 April 2003 Payout Policy in the 21st Century
  Alon Brav, John R. Graham, Campbell R. Harvey, and Roni Michaely
• w9649 April 2003 Barriers to Entering Medical Specialties
  Sean Nicholson
• w9650 April 2003 Time Vs. Goods: The Value of Measuring Household Production Technologies
  Reuben Gronau and Daniel S. Hamermesh
• w9651 April 2003 Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends
  Randall Morck
• w9652 April 2003 Public Housing, Housing Vouchers and Student Achievement: Evidence from Public Housing Demolitions in Chicago
  Brian A. Jacob
• w9653 April 2003 Are Idle Hands the Devil's Workshop? Incapacitation, Concentration and Juvenile Crime
  Brian A. Jacob and Lars Lefgren
• w9643 April 2003 Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
  Joe Peek and Eric S. Rosengren
• w9644 April 2003 Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan
  Patrick McGuire
• w9645 April 2003 Sources of Funds and Investment Activities of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK
  Colin Mayer, Koen Schoors, and Yishay Yafeh
• w9646 April 2003 Financial Distress and Employment: The Japanese Case in the 90s
  Kazuo Ogawa
• w9647 April 2003 Household Portfolios in Japan
  Tokuo Iwaisako
• w9648 April 2003 Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan
  Rasmus Fatum and Michael Hutchison
• w9637 April 2003 Geography and Export Performance: External Market Access and Internal Supply Capacity
  Stephen Redding and Anthony J. Venables
• w9638 April 2003 Alcohol Abuse and Suicide Attempts Among Youth - Correlation or Causation?
  Pinka Chatterji, Dhaval Dave, Robert Kaestner, and Sara Markowitz
• w9639 April 2003 Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics
  Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott
• w9640 April 2003 Spillovers Across U.S. Financial Markets
  Roberto Rigobon and Brian Sack
• w9641 April 2003 Human Capital Externalities in Cities
  Enrico Moretti
• w9642 April 2003 Idiosyncratic Risk and the Creative Destruction in Japan
  Yasushi Hamao, Jianping Mei, and Yexiao Xu
• w9636 April 2003 Do Airline Bankruptcies Reduce Air Service?
  Severin Borenstein and Nancy L. Rose
• w9633 April 2003 The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies
  Raghuram Rajan and Julie Wulf
• w9632 April 2003 Teen Births Keep American Crime High
  Jennifer Hunt
• w9635 April 2003 "Fifty-four Forty or Fight!"
  Herschel I. Grossman
• w9634 April 2003 Continuing Dangers of Disinformation in Corporate Accounting Reports
  Edward J. Kane
• w9631 April 2003 Reciprocated Unilateralism in Trade Policy: An Interest-Group Approach
  Pravin Krishna and Devashish Mitra
• w9627 April 2003 Who Bears the Growing Cost of Science at Universities?
  Ronald G. Ehrenberg, Michael J. Rizzo, and George H. Jakubson
• w9628 April 2003 Does Family Structure Affect Children's Educational Outcomes?
  Donna K. Ginther and Robert A. Pollak
• w9629 April 2003 Collective Investment Decision Making with Heterogeneous Time Preferences
  Christian Gollier and Richard Zeckhauser
• w9630 April 2003 Does Returning to Work After Childbirth Affect Breastfeeding Practices?
  Pinka Chatterji and Kevin Frick
• w9625 April 2003 Evolving Discretionary Practices of U.S Antidumping Activity
  Bruce A. Blonigen
• w9626 April 2003 Does Medicaid Pay Too Much for Prescription Drugs? A Case Study of Atypical Anti-Psychotics
  Mark G. Duggan
• w9624 April 2003 How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's
  Charles Calomiris and Joseph R. Mason
• w9623 April 2003 Deflation: Prevention and Cure
  Willem H. Buiter
• w9621 April 2003 Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region
  Tetsushi Sonobe and Keijiro Otsuka
• w9622 April 2003 Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice
  Louis Kaplow and Steven Shavell
• w9619 April 2003 Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing
  Justin Wolfers
• w9620 April 2003 Bank Supervision and Corporate Finance
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine
• w9618 April 2003 Military Expenditure, Threats, and Growth
  Joshua Aizenman and Reuven Glick
• w9617 April 2003 Why Plant-Level Productivity Studies are Often Misleading, and an Alternative Approach to Interference
  Haijime Katayama, Shihua Lu, and James Tybout
• w9616 April 2003 New Estimates of the Average Tariff of the United States, 1790-1820
  Doulgas A. Irwin
• w9615 April 2003 Productivity in Pharmaceutical Biotechnology R&D: The Role of Experience and Alliances
  Patricia M. Danzon, Sean Nicholson, and Nuno Sousa Pereira
• w9612 April 2003 Hog Round Marketing, Seed Quality, and Government Policy: Institutional Change in U.S. Cotton Production, 1920-1960
  Alan L. Olmstead and Paul W. Rhode
• w9613 April 2003 The State of U.S. Corporate Governance: What's Right and What's Wrong?
  Bengt Holmstrom and Steven N. Kaplan
• w9614 April 2003 Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity
  Ross Levine and Sergio L. Schmukler
• w9610 April 2003 Effects of Child Health on Parents' Relationship Status
  Nancy E. Reichman, Hope Corman, and Kelly Noonan
• t0292 April 2003 Dynamic Seemingly Unrelated Cointegrating Regression
  Nelson C. Mark, Masao Ogaki, and Donggyu Sul
• w9611 April 2003 How Often to Sample a Continuous-Time Process in the Presence of Market Microstructure Noise
  Yacine Ait-Sahalia and Per A. Mykland
• w9606 April 2003 A Brazilian-Type Debt Crisis: Simple Analytics
  Assaf Razin and Efraim Sadka
• w9607 April 2003 The Evolution of High Incomes in Canada, 1920-2000
  Emmanuel Saez and Michael R. Veall
• w9608 April 2003 The New Comparative Economics
  Simeon Djankov, Edward L. Glaeser, Rafael La Porta, Florencio Lopez-de-Silane, and Andrei Shleifer
• w9609 April 2003 The Effects of War Risk on U.S. Financial Markets
  Roberto Rigobon and Brian Sack
• w9604 April 2003 Frictionless Technology Diffusion: The Case of Tractors
  Rodolfo Manuelli and Ananth Seshadri
• w9605 April 2003 Expected Returns and Expected Dividend Growth
  Martin Lettau and Sydney Ludvigson
• w9603 April 2003 In-State versus Out-of State Students: The Divergence of Interest between Public Universities and State Governments
  Jeffrey A. Groen and Michelle J. White
• w9599 April 2003 Inflation Targeting and Sudden Stops
  Ricardo J. Caballero and Arvind Krishnamurthy
• w9600 April 2003 Antitrust Merger Policy: Lessons from the Australian Experience
  Philip L. Williams and Graeme Woodbridge
• w9601 April 2003 Power-hungry Candidates, Policy Favors, and Pareto Improving Campaign Finance Policy
  Stephen Coate
• w9602 April 2003 The Effect of Automobile Insurance and Accident Liability Laws in Traffic Fatalities
  Alma Cohen and Rajeev Dehejia
• w9596 April 2003 Transition Policy: A Conceptual Framework
  Louis Kaplow
• w9597 April 2003 The Kindergarten Rule of Sustainable Growth
  William A. Brock and M. Scott Taylor
• w9598 April 2003 Intellectual Property & External Consumption Effects: Generalizations from Pharmaceutical Markets
  Tomas Philipson and Stephane Mechoulan
• w9595 March 2003 Banks and Markets: The Changing Character of European Finance
  Luigi Zingales and Raghuram G. Rajan
• t0291 March 2003 Generalized Moments Estimation for Panel Data
  Viliam Druska and William C. Horrace
• w9594 March 2003 Historical Perspectives on U.S. Economic Geography
  Sukkoo Kim and Robert A. Margo
• w9588 March 2003 Are There Civic Returns to Education?
  Thomas S. Dee
• w9589 March 2003 Market Evaluations of Banking Fragility in Japan: Japan Premium, Stock Prices, and Credit Derivatives
  Takatoshi Ito and Kimie Harada
• w9590 March 2003 Union Participation in Strategic Decisions of Corporations
  Eileen Appelbaum and Larry W. Hunter
• w9591 March 2003 A Workers' Lobby to Provide Portable Benefits
  Joni Hersch
• w9587 March 2003 What Do Financial Markets Think of War in Iraq?
  Andrew Leigh, Justin Wolfers, and Eric Zitzewitz
• w9592 March 2003 Rail Reform Strategies: The Australian Experience
  Helen Owens
• w9593 March 2003 Race and Pregnancy Outcomes in the Twentieth Century: A Long-Term Comparison
  Dora L. Costa
• w9582 March 2003 Financial Dependence and Growth Revisited
  Raymond Fisman and Inessa Love
• w9584 March 2003 Does Education Improve Citizenship? Evidence from the U.S. and the U.K.
  Kevin Milligan, Enrico Moretti, and Philip Oreopoulos
• w9585 March 2003 The Effect of Expected Income on Individual Migration Decisions
  John Kennan and James R. Walker
• w9586 March 2003 The Retirement-Consumption Puzzle: Anticipated and Actual Declines in Spending at Retirement
  Michael Hurd and Susann Rohwedder
• w9577 March 2003 Does Inflation Targeting Matter?
  Laurence Ball and Niamh Sheridan
• w9578 March 2003 Openness and Growth: What's the Empirical Relationship?
  Robert E. Baldwin
• w9579 March 2003 Categorical Cognition: A Psychological Model of Categories and Identification in Decision Making
  Roland G. Fryer, Jr. and Matthew O. Jackson
• w9580 March 2003 Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries
  Alan M. Taylor
• w9581 March 2003 The Measurement of Firm-Specific Organization Capital
  Baruch Lev and Suresh Radhakrishnan
• w9573 March 2003 Characteristics of Foreign-Owned Firms in British Manufacturing
  Rachel Griffith and Helen Simpson
• w9574 March 2003 Initial Public Offering and Corporate Governance in China's Transitional Economy
  Chen-Chien Hsun and Shih Hui-Tzu
• w9575 March 2003 Sources of Corporate Financing and Economic Crisis in Korea: A Micro-evidence
  Youngjae Lim
• w9576 March 2003 Active Labour Market Policies and the British New Deal for the Young Unemployed in Context
  John Van Reenen
• w9583 March 2003 Financial Development and the Composition of Industrial Growth
  Raymond Fisman and Inessa Love
• w9568 March 2003 Monetary Rules for Small, Open, Emerging Economies
  Douglas Laxton and Paolo Pesenti
• w9569 March 2003 How Workers Fare When Employers Innovate
  Sandra E. Black, Lisa Lynch, and Anya Krivelyova
• w9570 March 2003 On the International Financial Architecture: Insuring Emerging Markets
  Ricardo J. Caballero
• w9571 March 2003 An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns
  Mila Getmansky, Andrew W. Lo, and Igor Makarov
• w9572 March 2003 Traders, Cops and Robbers
  James E. Anderson
• w9565 March 2003 Individual Rights and Collective Agents: The Role of Old and New Workplace Institutions in the Regulation of Labor Markets
  David Weil
• w9566 March 2003 Modeling Model Uncertainty
  Alexei Onatski and Noah Williams
• w9567 March 2003 Subsidies to Employee Health Insurance Premiums and the Health Insurance Market
  Jonathan Gruber and Ebonya Washington
• w9556 March 2003 Pension Reform and Economic Performance in Britain in the 1980s and 1990s
  Richard Disney, Carl Emmerson, and Sarah Smith
• w9557 March 2003 Inflation Inertia and Credible Disinflation - The Open Economy Case
  Guillermo Calvo, Oya Celasun, and Michael Kumhof
• w9558 March 2003 Backward-Looking Interest-Rate Rules, Interest-Rate Smoothing, and Macroeconomic Instability
  Jess Behabib, Stephanie Schmitt-Grohe, and Martin Uribe
• w9559 March 2003 Implicit Contracts, the Great Depression, and Institutional Change: A Comparative Analysis of U.S. and Japanese Employment Relations, 1920-1940
  Chiaki Moriguchi
• w9560 March 2003 Regulation and Investment
  Alberto Alesina, Silvia Ardagna, Giuseppe Nicoletti, and Fabio Schiantarelli
• w9561 March 2003 Lighting Up and Slimming Down: The Effects of Body Weight and Cigarette Prices on Adolescent Smoking Initiation
  John Cawley, Sara Markowitz, and John Tauras
• w9562 March 2003 The Housing Market Impact of State-Level Anti-Discrimination Laws, 1960-970
  William J. Collins
• w9563 March 2003 What Has Happened to Wages in Mexico since NAFTA?
  Gordon H. Hanson
• w9555 March 2003 A Decomposition of Global Linkages in Financial Markets Over Time
  Kristin J. Forbes and Menzie D. Chinn
• w9564 March 2003 The Surprising Retreat of Union Britain
  John Pencavel
• w9554 March 2003 Exploring the Health-Wealth Nexus
  Jonathan Meer, Douglas L. Miller, and Harvey S. Rosen
• t0289 March 2003 Iatrogenic Specification Error: A Cautionary Tale of Cleaning Data
  Christopher R. Bollinger and Amitabh Chandra
• t0290 March 2003 The (Interesting) Dynamic Properties of the Neoclassical Growth Model with CES Production
  Kent Smetters
• w9550 March 2003 Labor Market Status of Older Males in the United States, 1880-1940
  Chulhee Lee
• w9551 March 2003 Why Does Financial Development Matter? The United States from 1900 to 1940
  Rajeev Dehejia and Adriana Lleras-Muney
• w9552 March 2003 Putting 'M' back in Monetary Policy
  Eric M. Leeper and Jennifer E. Roush
• w9553 March 2003 The Impact of Federal Tax Credits for Higher Education Expenses
  Bridget Terry Long
• w9544 March 2003 Analysts' Conflict of Interest and Biases in Earnings Forecasts
  Louis K. C. Chan, Jason Karceski, and Josef Lakonishok
• w9545 March 2003 Does Teacher Testing Raise Teacher Quality? Evidence from State Certification Requirements
  Joshua D. Angrist and Jonathan Guryan
• w9546 March 2003 Estimating Distributions of Treatment Effects with an Application to the Returns to Schooling and Measurement of the Effects of Uncertainty on College
  Pedro Carneiro, Karsten T. Hansen, and James J. Heckman
• w9547 March 2003 Strategic Asset Allocation in a Continuous-Time VAR Model
  John Y. Campbell, George Chacko, Jorge Rodriguez, and Luis M. Viciera
• w9548 March 2003 Consumption Risk and Expected Stock Returns
  Jonathan A. Parker
• w9549 March 2003 Lead Water Pipes and Infant Mortality in Turn-of-the-Century Massachusetts
  Werner Troesken
• w9542 March 2003 A Catering Theory of Dividends
  Malcolm Baker and Jeffrey Wurgler
• w9543 March 2003 Endogenous Exchange Rate Pass-through when Nominal Prices are Set in Advance
  Michael B. Devereux, Charles Engel, and Peter E. Storgaard
• w9535 March 2003 A New Summary Measure of the Effective Tax Rate on Investment
  Roger Gordon, Laura Kalambokidis, and Joel Slemrod
• w9536 March 2003 The Cyclical Behavior of Equilibrium Unemployment and Vacancies: Evidence and Theory
  Robert Shimer
• w9537 March 2003 The Effect of the Payroll Tax on Earnings: A Test of Competing Models of Wage Determination
  Kevin Lang
• w9538 March 2003 Consumption Risk and Cross-Sectional Returns
  Jonathan A. Parker and Christian Julliard
• w9539 March 2003 The Life Cycles of Modern Artists: Theory, Measurement, and Implications
  David W. Galenson
• w9540 March 2003 The Reallocation of Compensation in Response to Health Insurance Premium Increases
  Dana P. Goldman, Neeraj Sood, and Arleen Leibowitz
• w9541 March 2003 Does Insider Trading Raise Market Volatility?
  Julan Du and Shang-Jin Wei
• t0288 March 2003 Multinomial Choice with Social Interactions
  William A. Brock and Steven N. Durlauf
• w9527 March 2003 CEO Turnover and Foreign Market Participation
  Bruce Blonigen and Rossitza B. Wooster
• w9528 March 2003 Knife Edge of Plateau: When Do Market Models Tip?
  Glenn Ellison and Drew Fudenberg
• w9529 March 2003 Price Discovery in the U.S. Treasury Market: The Impact of Orderflow and Liquidity on the Yield Curve
  Michael W. Brandt and Kenneth A. Kavajecz
• w9530 March 2003 Why is Productivity Growing Faster?
  Martin Feldstein
• w9531 March 2003 Freight Rates and Productivity Gains in British Tramp Shipping 1869-1950
  Saif I. Shah Mohammed and Jeffrey G. Williamson
• w9532 March 2003 Further Evidence that Legalized Abortion Lowered Crime: A Reply to Joyce
  John J. Donohue III and Steven D. Levitt
• w9533 March 2003 International agreements on product standard: an incomplete contracting theory
  Pierpaolo Battigalli and Giovanni Maggi
• w9534 March 2003 Merchant Transmission Investment
  Paul Joskow and Jean Tirole
• w9525 March 2003 The Equity Premium in Retrospect
  Rajnish Mehra and Edward C. Prescott
• w9526 March 2003 Measuring Capital
  W. Erwin Diewert
• w9523 March 2003 Do shareholders of acquiring firms gain from acquisitions?
  Sara B. Moeller, Frederik P. Schlingemann, and Rene M. Stulz
• w9524 March 2003 Strikes, Scabs and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires
  Alan B. Krueger and Alexandre Mas
• w9521 March 2003 Doomed to Deficits? Aggregate U.S. Trade Flows Re-Examined
  Menzie D. Chinn
• w9522 March 2003 Deflation, Silent Runs, and Bank Holidays, in the Great Contraction
  Hugh Rockoff
• w9520 March 2003 Is Deflation depressing? Evidence from the Classical Gold Standard
  Michael D. Bordo and Angela Redish
• w9517 March 2003 Export-Platform Foreign Direct Investment
  Karolina Ekholm, Rikard Forslid, and James Markusen
• w9518 March 2003 Time in Purgatory: Determinants of the Grant Lag for U.S. Patent Applications
  David Popp, Ted Juhl, and Daniel K.N. Johnson
• w9519 March 2003 What Can Be Learned from Skeletons that Might Interest Economists, Historians and Other Social Scientists?
  Richard H. Steckel
• w9511 February 2003 International Price-Fixing Cartels and Developing Countries: A Discussion of Effects and Policy Remedies
  Margaret Levenstein, Valerie Suslow, and Lynda Oswald
• w9513 February 2003 Geography and Racial Health Disparities
  Amitabh Chandra and Jonathan Skinner
• w9514 February 2003 A Currency of One's Own? An Empirical Investigation on Dollarization and Independent Currency Unions
  Sebastian Edwards and Igal Magendzo
• w9515 February 2003 Do Asset Prices Reflect Fundamentals? Freshly Squeezed Evidence from the OJ Market
  Jacob Boudoukh, Matthew Richardson, YuQing Shen, and Robert F. Whitelaw
• w9516 February 2003 Resident and Nonresident Tuition and Enrollment at Flagship State Universities
  Michael J. Rizzo and Ronald G. Ehrenberg
• w9509 February 2003 Bad Beta, Good Beta
  John Y. Campbell and Tuomo Vuolteenaho
• w9510 February 2003 Market Integration and Contagion
  Geert Bekaert and Campbell R. Harvey
• w9512 February 2003 The Equity Premium: Why is it a Puzzle?
  Rajnish Mehra
• w9508 February 2003 Job Loss Expectations, Realizations, and Household Consumption Behavior
  Melvin Stephens, Jr.
• w9502 February 2003 Fairness and Redistribution: U.S. versus Europe
  Alberto Alesina and George-Marios Angeletos
• w9504 February 2003 Multinational Enterprises, International Trade, and Productivity Growth: Firm-Level Evidence from the United States
  Wolfgang Keller and Stephen R. Yeaple
• w9505 February 2003 Education Saving Incentives and Household Saving: Evidence from the 2000 TIAA-CREF Survey of Participant Finances
  Jennifer Ma
• w9506 February 2003 Fiscal Policy and Inflation: Pondering the Imponderables
  Eric M. Leeper
• w9507 February 2003 Who Shall Live and Who Shall Die? An Analysis of Prisoners on Death Row in the United States
  Laura Argys and Naci Mocan
• w9497 February 2003 Using Matching, Instrumental Variables and Control Functions to Estimate Economic Choice Models
  James J. Heckman and Salvador Navarro-Lozano
• w9498 February 2003 Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?
  Eric van Wincoop and Philippe Bacchetta
• w9499 February 2003 Disposition Matters: Volume, Volatility and Price Impact of a Behavioral Bias
  William N. Goetzmann and Massimo Massa
• w9500 February 2003 Capital Account Openness and the Varieties of Growth Experience
  Michael W. Klein
• w9501 February 2003 Peer Effects in Higher Education
  Gordon C. Winston and David J. Zimmerman
• w9495 February 2003 Human Capital Policy
  James Heckman and Pedro Carneiro
• w9496 February 2003 Retirement Incentives and Couples' Retirement Decisions
  Courtney Coile
• w9503 February 2003 Taxation of Interest Income
  Roger H. Gordon
• w9493 February 2003 Will the Sovereign Debt Market Survive?
  Andrei Shleifer
• w9494 February 2003 Micro-Simulation of Social Security Reforms in Belgium
  Raphael Desmet, Alain Jousten, Sergio Perelman, and Pierre Pestieau
• w9488 February 2003 Capital Account Liberalization, The Cost of Capital, and Economic Growth
  Peter Blair Henry
• w9489 February 2003 The Economics of Foreign Direct Investment Incentives
  Magnus Blomstrom and Ari Kokko
• w9490 February 2003 Institutions Don't Rule: Direct Effects of Geography on Per Capita Income
  Jeffrey D. Sachs
• w9491 February 2003 Monetary Policy for Inattentive Economies
  Laurence Ball, N. Gregory Mankiw, and Ricardo Reis
• w9492 February 2003 Consumption Taxes and Economic Efficiency in a Stochastic OLG Economy
  Shinichi Nishiyama and Kent Smetters
• w9482 February 2003 Do and Should Financial Aid Packages Affect Students' College Choices?
  Christopher Avery and Caroline M. Hoxby
• w9483 February 2003 Economic Analysis of Accident Law
  Steven Shavell
• w9487 February 2003 The Value of a Statistical Life: A Critical Review of Market Estimates throughout the World
  W. Kip Viscusi and Joseph E. Aldy
• w9486 February 2003 Monetary Policy and Real Stabilization
  Lars E. O. Svensson
• w9484 February 2003 Constraints on the Level and Efficient Use of Labor in Japan
  Hiroshi Ono and Marcus E. Rebick
• w9485 February 2003 Border Delays and Trade Liberalization
  Edgar Cudmore and John Whalley
• w9481 February 2003 Equity market liberalizations as country IPOs
  Rodolfo Martell and Rene M. Stulz
• w9480 February 2003 Individual Subjective Survival Curves
  Li Gan, Michael Hurd, and Daniel McFadden
• w9479 February 2003 The Center and the Periphery: The Globalization of Financial Turmoil
  Graciela L. Kaminsky and Carmen Reinhart
• w9472 February 2003 Welfare Transitions in the 1990s: The Economy, Welfare Policy, and the EITC
  Jeffrey Grogger
• w9473 February 2003 Unionization and Wage Inequality: A Comparative Study of the U.S, the U.K., and Canada
  David Card, Thomas Lemieux, and W. Craig Riddell
• w9474 February 2003 Individual Perceptions of the Criminal Justice System
  Lance Lochner
• w9475 February 2003 An Equilibrium Analysis of Real Estate
  Steven R. Grenadier
• w9476 February 2003 Is the Convergence of the Racial Wage Gap Illusory?
  Amitabh Chandra
• w9478 February 2003 The Emergence of Strong Property Rights: Speculation from history
  Raghuram Rajan and Luigi Zingales
• w9477 February 2003 Do We Now Collect Any Revenue From Taxing Capital Income?
  Roger H. Gordon, Laura Kalambokidis, and Joel Slemrod
• w9464 February 2003 Fees on Fees in Funds of Funds
  Stephen J. Brown, William N. Goetzmann, and Bing Liang
• w9465 February 2003 Rain or Shine: Where is the Weather Effect?
  William N. Goetzmann and Ning Zhu
• w9466 February 2003 Efficiency and the Bear: Short Sales and Markets around the World
  William N. Goetzmann, Ning Zhu, and Arturo Bris
• w9467 February 2003 The collapse of a medical clearinghouse (and why such failures are rare)
  C. Nicholas McKinney, Muriel Niederle, and Alvin E. Roth
• w9468 February 2003 Healthy Living in Hard Times
  Christopher J. Ruhm
• w9469 February 2003 Modeling and Measuring Russian Corporate Governance: The Case of Russian Preferred and Common Shares
  William N. Goetzmann, Matthew Spiegel, and Andrey Ukhov
• w9470 February 2003 Investor Sentiment in Japanese and U.S. Daily Mutual Fund Flows
  Stephen J. Brown, William N. Goetzmann, Takato Hiraki, Noriyoshi Shirishi, and Masahiro Watanabe
• w9471 February 2003 Competition Among Hospitals
  Martin Gaynor and William B. Vogt
• w9463 January 2003 Universities, Joint Ventures, and Success in the Advanced Technology Program
  Michael R. Darby, Lynne G. Zucker, and Andrew Wang
• w9461 January 2003 Diversification and the Optimal Construction of Basis Portfolios
  Bruce N. Lehmann and David M. Modest
• w9462 January 2003 Owner-Occupied Housing as a Hedge Against Rent Risk
  Todd Sinai and Nicholas S. Souleles
• w9457 January 2003 Gaucho Banking Redux
  Gerardo della Paolera and Alan M. Taylor
• w9458 January 2003 Time-Consistent No-Arbitrage Models of the Term Structure
  Michael W. Brandt and Amir Yaron
• w9459 January 2003 Has Monetary Policy Become More Effective?
  Jean Boivin and Marc P. Giannoni
• w9460 January 2003 Health Policy and Technological Change: Evidence from the Vaccine Industry
  Amy Finkelstein
• w9454 January 2003 The cash flow, return and risk characteristics of private equity
  Alexander Ljungqvist and Matthew Richardson
• w9455 January 2003 Simulating the Response to Reform of Canada's Income Security Programs
  Michael Baker, Jonathan Gruber, and Kevin Milligan
• w9456 January 2003 Inter-Asset Differences in Effective Estate Tax Burdens
  James Poterba and Scott Weisbenner
• w9453 January 2003 Portfolio Choice and Health Status
  Harvey S. Rosen and Stephen Wu
• w9451 January 2003 Letting States do the Dirty Work: State Responsibility for Federal Environmental Regulation
  Hilary Sigman
• w9452 January 2003 Omitted Product Attributes in Discrete Choice Models
  Amil Petrin and Kenneth Train
• w9449 January 2003 Testing Theories of Discrimination: Evidence from "Weakest Link"
  Steven D. Levitt
• w9450 January 2003 Regulation, Distribution Efficiency, and Retail Density
  David Flath
• w9447 January 2003 Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich?
  Stephen Redding and Peter K. Schott
• w9448 January 2003 Legacies in Black and White: The Racial Composition of the Legacy Pool
  Cameron Howell and Sarah E. Turner
• w9444 January 2003 Inefficiency of Corporate Investment and Distortion of Savings Behavior in Japan
  Albert Ando, Dimitrios Christelis, and Tsutomu Miyagawa
• w9443 January 2003 The Response of the Informal Sector to Trade Liberalization
  Pinelopi K. Goldberg and Nina Pavcnik
• w9442 January 2003 Dynastic Management
  Francesco Caselli and Nicola Gennaioli
• w9446 January 2003 Why Have Americans Become More Obese?
  David Cutler, Edward Glaeser, and Jesse Shapiro
• w9445 January 2003 The Productivity of U.S. States Since 1880
  Kris James Mitchener and Ian W. McLean
• w9441 January 2003 Tests of Multifactor Pricing Models, Volatility Bounds and Portfolio Performance
  Wayne E. Ferson
• w9437 January 2003 Hi-tech Innovation and Productivity Growth: Does Supply Create Its Own Demand?
  Robert J. Gordon
• w9440 January 2003 Routine
  Daniel S. Hamermesh
• w9439 January 2003 Export versus FDI
  Elhanan Helpman, Marc J. Melitz, and Stephen R. Yeaple
• w9438 January 2003 Is Japan's Innovative Capacity in Decline?
  Lee Branstetter and Yoshiaki Nakamura
• w9435 January 2003 Economic Effects of Currency Unions
  Silvana Tenreyro and Robert J. Barro
• w9436 January 2003 Mismeasurement of the CPI
  Kenn Ariga and Kenji Matsui
• w9432 January 2003 Corporate Investment with Financial Constraints: Sensitivity of Investment to Funds from Voluntary Asset Sales
  Gayane Hovakimian and Sheridan Titman
• w9433 January 2003 How is Macro News Transmitted to Exchange Rates?
  Martin D. D. Evans and Richard K. Lyons
• w9434 January 2003 The Price Impact and Survival of Irrational Traders
  Leonid Kogan, Stephen Ross, Jiang Wang, and Mark Westerfield
• w9429 January 2003 Work Costs and Nonconvex Preferences in the Estimation of Labor Supply Models
  Bradley T. Heim and Bruce D. Meyer
• w9430 January 2003 Optimal Policy with Partial Information in a Forward-Looking Model: Certainty-Equivalence Redux
  Lars E. O. Svensson and Michael Woodford
• w9431 January 2003 R&D and the Patent Premium
  Ashish Arora, Marco Ceccagnoli, and Wesley M. Cohen
• w9426 January 2003 An Information-Based Trade Off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency, and Welfare
  Itay Goldstein and Assaf Razin
• w9427 January 2003 Capital Account Liberalization and Growth: Was Mr. Mahathir Right?
  Barry Eichengreen and David Leblang
• w9428 January 2003 Cut to the Bone? Hospital Takeovers and Nurse Employment Contracts
  Janet Currie, Mehdi Farsi, and W. Bentley MacLeod
• w9424 January 2003 An Alternative Interpretation of the 'Resource Curse': Theory and Policy Implications
  Ricardo Hausmann and Roberto Rigobon
• w9425 January 2003 The Costs of Wrongful-Discharge Laws
  David H. Autor, John J. Donohue III, and Stewart J. Schwab
• w9423 January 2003 Limited Arbitrage and Short Sales Restrictions: Evidence from the Options Markets
  Eli Ofek, Matthew Richardson, and Robert F. Whitelaw
• w9419 January 2003 Optimal Interest-Rate Rules: I. General Theory
  Marc P. Giannoni and Michael Woodford
• w9420 January 2003 Optimal Interest-Rate Rules: II. Applications
  Marc P. Giannoni and Michael Woodford
• w9421 January 2003 What is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules
  Lars E. O. Svensson
• w9422 January 2003 How Do Markets Function? An Empirical Analysis of Gambling on the National Football League
  Steven D. Levitt
• w9415 January 2003 Oligopoly Deregulation and the Taxation of Commodities
  Gilbert E. Metcalf and George Norman
• w9416 January 2003 Oligopoly Deregulation in General Equilibrium: A Tax Neutralization Result
  Gilbert E. Metcalf and George Norman
• w9417 January 2003 Foreign Firms and Indonesian Manufacturing Wages: An Analysis With Panel Data
  Robert E. Lipsey and Fredrik Sjoholm
• w9418 January 2003 Another Look at the New York City School Voucher Experiment
  Alan B. Krueger and Pei Zhu
• w9412 January 2003 Trading with the Unborn: A New Perspective on Capital Income Taxation
  Kent A. Smetters
• w9413 January 2003 Rotten Apples: An Investigation of the Prevalence and Predictors of Teacher Cheating
  Brian A. Jacob and Steven D. Levitt
• w9414 January 2003 Catching Cheating Teachers: The Results of an Unusual Experiment in Implementing Theory
  Brian A. Jacob and Steven D. Levitt
• w9411 January 2003 Fractionalization
  Alberto Alesina, Arnaud Devleeschauwer, William Easterly, Sergio Kurlat, and Romain Wacziarg
• w9410 January 2003 Pareto Improving Social Security Reform when Financial Markets are Incomplete?
  Dirk Krueger and Felix Kubler
• w9408 January 2003 Skill-specific rather then General Education: A Reason for US-Europe Growth Differences?
  Dirk Krueger and Krishna B. Kumar
• w9409 January 2003 Why Is There So Little Money in Politics?
  Stephen Ansolabehere, John M. de Figueiredo, and James M. Snyder