Papers Issued in 2006

• w12798 December 2006 Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation"
  Michael S. Weisbach
• w12808 December 2006 Measuring the Impacts of FDI in Central and Eastern Europe
  Robert E. Lipsey
• w12812 December 2006 Restructuring Research: Communication Costs and the Democratization of University Innovation
  Ajay K. Agrawal and Avi Goldfarb
• w12800 December 2006 Immigration and the Survival of Social Security: A Political Economy Model
  Edith Sand and Assaf Razin
• w12803 December 2006 Black Box Warnings and Drug Safety: Examining the Determinants and Timing of FDA Warning Labels
  Allan Begosh, John Goldsmith, Ed Hass, Randall W. Lutter, Clark Nardinelli, and John A. Vernon
• w12799 December 2006 We Can Work It Out - The Globalisation of ICT-enabled Services
  Desiree van Welsum and Xavier Reif
• w12801 December 2006 Did Big Government's Largesse Help the Locals? The Implications of WWII Spending for Local Economic Activity, 1939-1958
  Joseph Cullen and Price V. Fishback
• w12802 December 2006 Which Countries Become Tax Havens?
  Dhammika Dharmapala and James R. Hines Jr.
• w12804 December 2006 Price and Capacity Competition
  Daron Acemoglu, Kostas Bimpikis, and Asuman Ozdaglar
• w12805 December 2006 Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability
  Alan J. Auerbach and Ronald Lee
• w12806 December 2006 Decomposing the Effects of Financial Liberalization: Crises vs. Growth
  Romain Ranciere, Aaron Tornell, and Frank Westermann
• w12807 December 2006 Debt Enforcement Around the World
  Simeon Djankov, Oliver Hart, Caralee McLiesh, and Andrei Shleifer
• w12809 December 2006 Do Wealth Fluctuations Generate Time-varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation
  Markus K. Brunnermeier and Stefan Nagel
• w12810 December 2006 Money Illusion and Housing Frenzies
  Markus K. Brunnermeier and Christian Julliard
• w12811 December 2006 Lucky Directors
  Lucian A. Bebchuk, Yaniv Grinstein, and Urs Peyer
• w12813 December 2006 The Economics of Hurricanes in the United States
  William D. Nordhaus
• t0332 December 2006 DSGE Models in a Data-Rich Environment
  Jean Boivin and Marc Giannoni
• w12788 December 2006 Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort
  Guillermo A. Calvo
• w12792 December 2006 Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability
  Lubos Pastor, Lucian Taylor, and Pietro Veronesi
• w12789 December 2006 When is Democracy an Equilibrium?: Theory and Evidence from Colombia's "La Violencia"
  Mario Chacon, James A. Robinson, and Ragnar Torvik
• w12790 December 2006 Lead Them to Water and Pay Them to Drink: An Experiment with Services and Incentives for College Achievement
  Joshua Angrist, Daniel Lang, and Philip Oreopoulos
• t0333 December 2006 Using Randomization in Development Economics Research: A Toolkit
  Esther Duflo, Rachel Glennerster, and Michael Kremer
• w12791 December 2006 Fixed-Term Employment Contracts in an Equilibrium Search Model
  Fernando Alvarez and Marcelo Veracierto
• w12793 December 2006 When Is It Optimal to Abandon a Fixed Exchange Rate?
  Sergio Rebelo and Carlos A. Vegh
• w12794 December 2006 Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002
  Dean Yang
• w12795 December 2006 A Conceptual Framework for Interpreting Recorded Human History
  Douglass C. North, John Joseph Wallis, and Barry R. Weingast
• w12796 December 2006 An Economic History of Fertility in the U.S.: 1826-1960
  Larry E. Jones and Michele Tertilt
• w12797 December 2006 Multifrequency Jump-Diffusions: An Equilibrium Approach
  Laurent E. Calvet and Adlai J. Fisher
• w12772 December 2006 DSGE Models in a Data-Rich Environment
  Jean Boivin and Marc Giannoni
• w12770 December 2006 Population Aging and Intergenerational Transfers: Introducing Age into National Accounts
  Andrew Mason, Ronald Lee, An-Chi Tung, Mun-Sim Lai, and Tim Miller
• w12771 December 2006 Lucky CEOs
  Lucian A. Bebchuk, Yaniv Grinstein, and Urs Peyer
• w12773 December 2006 Corporate Financial and Investment Policies when Future Financing is not Frictionless
  Heitor Almeida, Murillo Campello, and Michael S. Weisbach
• w12774 December 2006 The Dynamic Effects of an Earnings Subsidy for Long-Term Welfare Recipients: Evidence from the SSP Applicant Experiment
  David Card and Dean R. Hyslop
• w12775 December 2006 State-Dependent Intellectual Property Rights Policy
  Daron Acemoglu and Ufuk Akcigit
• w12776 December 2006 Mandatory Versus Voluntary Disclosure of Product Risks
  A. Mitchell Polinsky and Steven Shavell
• w12777 December 2006 Is the Endangered Species Act Endangering Species?
  John A. List, Michael Margolis, and Daniel E. Osgood
• w12778 December 2006 Socially Optimal Coordination: Characterization and Policy Implications
  George-Marios Angeletos and Alessandro Pavan
• w12779 December 2006 Rural Income Volatility and Inequality in China
  John Whalley and Ximing Yue
• w12780 December 2006 State-Owned Enterprise Behaviour Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data
  John Whalley and Shunming Zhang
• w12784 December 2006 Regulating Misinformation
  Edward L. Glaeser and Gergely Ujhelyi
• w12781 December 2006 Heterogeneous Expectations and Bond Markets
  Wei Xiong and Hongjun Yan
• w12786 December 2006 Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004
  Lee Ohanian, Andrea Raffo, and Richard Rogerson
• w12782 December 2006 Multi-Product Firms and Trade Liberalization
  Andrew B. Bernard, Stephen J. Redding, and Peter K. Schott
• w12783 December 2006 Sovereign Risk and Secondary Markets
  Fernando Broner, Alberto Martin, and Jaume Ventura
• w12785 December 2006 Online Auctions
  Axel Ockenfels, David Reiley, and Abdolkarim Sadrieh
• w12787 December 2006 Housing Dynamics
  Edward L. Glaeser and Joseph Gyourko
• w12769 December 2006 Growth and Intellectual Property
  Michele Boldrin and David K. Levine
• w12758 December 2006 Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the Design of Prescription Drug Benefits
  Martin Gaynor, Jian Li, and William B. Vogt
• w12759 December 2006 China and the Multilateral Trading System
  Robert Z. Lawrence
• w12760 December 2006 South African Trade Policy Matters: Trade Performance and Trade Policy
  Lawrence Edwards and Robert Z. Lawrence
• w12761 December 2006 The International Migration of Knowledge Workers: When is Brain Drain Beneficial?
  Peter J. Kuhn and Carol McAusland
• w12762 December 2006 Cross-Cohort Differences in Health on the Verge of Retirement
  Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily, and John F. McCabe
• w12763 December 2006 On the Welfare Costs of Consumption Uncertainty
  Robert J. Barro
• w12764 December 2006 Health Insurance and Ex Ante Moral Hazard: Evidence from Medicare
  Dhaval Dave and Robert Kaestner
• w12765 December 2006 What Do Independent Directors Know? Evidence from Their Trading
  Enrichetta Ravina and Paola Sapienza
• w12766 December 2006 Can Housing Collateral Explain Long-Run Swings in Asset Returns?
  Hanno Lustig and Stijn Van Nieuwerburgh
• w12767 December 2006 Information Cascades: Evidence from An Experiment with Financial Market Professionals
  Jonathan E. Alevy, Michael S. Haigh, and John List
• w12768 December 2006 Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s
  Steven J. Davis and Magnus Henrekson
• w12747 December 2006 Contractual Frictions and Global Sourcing
  Pol Antràs and Elhanan Helpman
• w12743 December 2006 Does Increased Access Increase Equality? Gender and Child Health Investments in India
  Emily Oster
• w12744 December 2006 Unspanned Stochastic Volatility and the Pricing of Commodity Derivatives
  Anders B. Trolle and Eduardo S. Schwartz
• w12745 December 2006 Trade Agreements as Endogenously Incomplete Contracts
  Henrik Horn, Giovanni Maggi, and Robert W. Staiger
• w12746 December 2006 How Large Is the Housing Wealth Effect? A New Approach
  Christopher D. Carroll, Misuzu Otsuka, and Jirka Slacalek
• w12756 December 2006 Anomalies in Estimates of Cross-Price Elasticities for Marketing Mix Models: Theory and Empirical Test
  Andre Bonfrer, Ernst R. Berndt, and Alvin Silk
• w12748 December 2006 Emergence and Persistence of Inefficient States
  Daron Acemoglu, Davide Ticchi, and Andrea Vindigni
• w12749 December 2006 Coalition Formation in Political Games
  Daron Acemoglu, Georgy Egorov, and Konstantin Sonin
• w12751 December 2006 Party Influence in Congress and the Economy
  Erik Snowberg, Justin Wolfers, and Eric Zitzewitz
• w12752 December 2006 Uncertainty In Environmental Economics
  Robert S. Pindyck
• w12753 December 2006 On the Macroeconomics of Asset Shortages
  Ricardo J. Caballero
• w12754 December 2006 Crime and Circumstance: The Effects of Infant Health Shocks on Fathers' Criminal Activity
  Hope Corman, Kelly Noonan, Nancy E. Reichman, and Ofira Schwartz-Soicher
• w12755 December 2006 The Return to Capital in China
  Chong-En Bai, Chang-Tai Hsieh, and Yingyi Qian
• w12757 December 2006 Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile
  Amil Petrin and Jagadeesh Sivadasan
• w12742 December 2006 Catastrophe Bonds, Reinsurance, and the Optimal Collateralization of Risk-Transfer
  Darius Lakdawalla and George Zanjani
• w12732 December 2006 Taxing Sales Under the FairTax: What Rate Works?
  Paul Bachman, Jonathan Haughton, Laurence J. Kotlikoff, Alfonso Sanchez-Penalver, and David G. Tuerck
• w12733 December 2006 Evaluating Effects of Tax Preferences on Health Care Spending and Federal Revenues
  John F. Cogan, R. Glenn Hubbard, and Daniel P. Kessler
• w12734 December 2006 International Reserves Management and the Current Account
  Joshua Aizenman
• w12735 December 2006 Global Patterns of Income and Health: Facts, Interpretations, and Policies
  Angus Deaton
• w12736 December 2006 The Effects of the Ageing European Population on Economic Growth and Budgets: Implications for Immigration and Other Policies
  Martin S. Feldstein
• w12737 December 2006 Do Students Care about School Quality? Determinants of Dropout Behavior in Developing Countries
  Eric A. Hanushek, Victor Lavy, and Kohtaro Hitomi
• w12738 December 2006 The Political Economy of Warfare
  Edward L. Glaeser
• w12740 December 2006 Comparing Two Variants of Calvo-Type Wage Stickiness
  Stephanie Schmitt-Grohe and Martin Uribe
• w12739 December 2006 Family Firms, Paternalism, and Labor Relations
  Holger M. Mueller and Thomas Philippon
• w12741 December 2006 The "Stern Review" on the Economics of Climate Change
  William D. Nordhaus
• w12713 December 2006 The Effect of Monetary Policy on Real Commodity Prices
  Jeffrey A. Frankel
• w12715 December 2006 Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression
  Gary Richardson
• w12720 December 2006 Coarse Thinking and Persuasion
  Sendhil Mullainathan, Joshua Schwartzstein, and Andrei Shleifer
• w12712 December 2006 A Product-Quality View of the Linder Hypothesis
  Juan Carlos Hallak
• w12714 December 2006 Painting by Proxy: The Conceptual Artist as Manufacturer
  David W. Galenson
• w12716 December 2006 Correspondent Clearing and the Banking Panics of the Great Depression
  Gary Richardson
• w12717 December 2006 Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited
  Gary Richardson
• w12718 December 2006 Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
  Joshua Aizenman and Jaewoo Lee
• w12719 December 2006 A Comment Concerning Deposit Insurance and Moral Hazard
  Gary Richardson
• w12724 December 2006 Security Issue Timing: What Do Managers Know, and When Do They Know It?
  Dirk Jenter, Katharina Lewellen, and Jerold B. Warner
• w12725 December 2006 Do Trade Policy Differences Induce Sorting? Theory and Evidence from Bangladeshi Apparel Exporters
  Svetlana Demidova, Hiau Looi Kee, and Kala Krishna
• w12721 December 2006 Trading Tasks: A Simple Theory of Offshoring
  Gene M. Grossman and Esteban Rossi-Hansberg
• w12722 December 2006 Innovation and Productivity across Four European Countries
  Rachel Griffith, Elena Huergo, Jacques Mairesse, and Bettina Peters
• w12723 December 2006 The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data
  Charles Yuji Horioka and Junmin Wan
• w12726 December 2006 Sudden Flight and True Sudden Stops
  Alexander D. Rothenberg and Francis E. Warnock
• w12727 December 2006 What Do Trade Negotiators Negotiate About? Empirical Evidence from the World Trade Organization
  Kyle Bagwell and Robert W. Staiger
• w12728 December 2006 Is Home Bias in Assets Related to Home Bias in Goods?
  Eric van Wincoop and Francis E. Warnock
• w12729 December 2006 The Nature of Exchange Rate Regimes
  Michael W. Klein and Jay C. Shambaugh
• w12730 December 2006 Taxing Consumption and Other Sins
  James R. Hines Jr.
• w12731 December 2006 Pricing to Habits and the Law of One Price
  Morten Ravn, Stephanie Schmitt-Grohe, and Martin Uribe
• w12702 November 2006 Repugnance as a Constraint on Markets
  Alvin E. Roth
• w12703 November 2006 Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis
  Douglas Laxton, Papa N'Diaye, and Paolo Pesenti
• w12704 November 2006 Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
  Hamid Faruqee, Douglas Laxton, Dirk Muir, and Paolo Pesenti
• w12705 November 2006 Basel II: A Contracting Perspective
  Edward J. Kane
• w12706 November 2006 Contracts as Reference Points
  Oliver Hart and John Moore
• w12707 November 2006 What Drives Media Slant? Evidence from U.S. Daily Newspapers
  Matthew Gentzkow and Jesse M. Shapiro
• w12708 November 2006 The "Great Moderation" and the US External Imbalance
  Alessandra Fogli and Fabrizio Perri
• w12709 November 2006 Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes
  Kelly Shue and Erzo F. P. Luttmer
• w12710 November 2006 Gold Rush Fever in Business Cycles
  Paul Beaudry, Fabrice Collard, and Franck Portier
• w12711 November 2006 A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed
  Andrew K. Rose
• t0331 November 2006 Vector Multiplicative Error Models: Representation and Inference
  Fabrizio Cipollini, Robert F. Engle, and Giampiero M. Gallo
• w12687 November 2006 Has Globalization Changed Inflation?
  Laurence M. Ball
• w12688 November 2006 The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States
  David E. Bloom, David Canning, Michael Moore, and Younghwan Song
• w12689 November 2006 AIDS Treatment and Intrahousehold Resource Allocations: Children's Nutrition and Schooling in Kenya
  Joshua S. Graff Zivin, Harsha Thirumurthy, and Markus Goldstein
• w12691 November 2006 Does Science Promote Women? Evidence from Academia 1973-2001
  Donna K. Ginther and Shulamit Kahn
• w12692 November 2006 International Knowledge Flows: Evidence from an Inventor-Firm Matched Data Set
  Jinyoung Kim, Sangjoon John Lee, and Gerald Marschke
• w12693 November 2006 Educational Mismatch Among Ph.D.s: Determinants and Consequences
  Keith A. Bender and John S. Heywood
• w12694 November 2006 The Evolution of Work
  Markus Mobius and Raphael Schoenle
• w12695 November 2006 The Economics of Conflicts of Interest in Financial Institutions
  Hamid Mehran and Rene M. Stulz
• w12696 November 2006 Americans' Dependency on Social Security
  Laurence J. Kotlikoff, Ben Marx, and Pietro Rizza
• w12697 November 2006 Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US
  Karen K. Lewis
• w12698 November 2006 Capital Account Liberalization: Theory, Evidence, and Speculation
  Peter Blair Henry
• w12699 November 2006 Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate
  Maurice Obstfeld
• w12700 November 2006 Instruments of Commerce and Knowledge: Probe Microscopy, 1980-2000
  Cyrus C. M. Mody
• w12701 November 2006 Bequest and Tax Planning: Evidence From Estate Tax Returns
  Wojciech Kopczuk
• w12690 November 2006 Vector Multiplicative Error Models: Representation and Inference
  Fabrizio Cipollini, Robert F. Engle, and Giampiero M. Gallo
• w12677 November 2006 World Technology Usage Lags
  Diego A. Comin, Bart Hobijn, and Emilie Rovito
• w12676 November 2006 European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending
  Joseph H. Golec and John A. Vernon
• w12672 November 2006 Linear-Quadratic Approximation of Optimal Policy Problems
  Pierpaolo Benigno and Michael Woodford
• w12674 November 2006 The SES Health Gradient on Both Sides of the Atlantic
  James Banks, Michael Marmot, Zoe Oldfield, and James P. Smith
• w12673 November 2006 Euros and Zeros: The Common Currency Effect on Trade in New Goods
  Richard E. Baldwin and Virginia Di Nino
• w12675 November 2006 Complex Ownership Structures and Corporate Valuations
  Luc Laeven and Ross Levine
• w12678 November 2006 Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago
  Alberto Abadie and Sofia Dermisi
• w12679 November 2006 Judicial Fact Discretion
  Nicola Gennaioli and Andrei Shleifer
• w12680 November 2006 Economic Well-Being at Older Ages: Income- and Consumption-Based Poverty Measures in the HRS
  Michael D. Hurd and Susann Rohwedder
• w12681 November 2006 Health Insurance as a Two-Part Pricing Contract
  Darius Lakdawalla and Neeraj Sood
• w12682 November 2006 Price Impacts of Deals and Predictability of the Exchange Rate Movements
  Takatoshi Ito and Yuko Hashimoto
• w12683 November 2006 The Growing Allocative Inefficiency of the U.S. Higher Education Sector
  James D. Adams and J. Roger Clemmons
• w12684 November 2006 Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head
  Amartya Lahiri, Rajesh Singh, and Carlos A. Vegh
• w12685 November 2006 The Optimal Income Taxation of Couples
  Henrik Jacobsen Kleven, Claus Thustrup Kreiner, and Emmanuel Saez
• w12686 November 2006 Health Shocks, Village Elections, and Long-Term Income: Evidence from Rural China
  Li Gan, Lixin Colin Xu, and Yang Yao
• w12671 November 2006 Testing Models of Low-Frequency Variability
  Ulrich Mueller and Mark W. Watson
• w12660 November 2006 Thin-Slice Forecasts of Gubernatorial Elections
  Daniel J. Benjamin and Jesse M. Shapiro
• w12661 November 2006 Anticipating the Stock Market Crash of 1929: The View from the Floor of the Stock Exchange
  Eugene N. White
• w12662 November 2006 The Historical Origins of U.S. Exchange Market Intervention Policy
  Michael D. Bordo, Owen Humpage, and Anna J. Schwartz
• w12663 November 2006 Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research
  David Neumark and William Wascher
• w12664 November 2006 Quality-Consistent Estimates of International Returns to Skill
  Eric A. Hanushek and Lei Zhang
• w12665 November 2006 Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective
  Matthias Doepke and Dirk Krueger
• w12666 November 2006 On the Origins of "A Monetary History"
  Hugh Rockoff
• w12667 November 2006 Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
  Shang-Jin Wei and Zhiwei Zhang
• w12668 November 2006 A Solution to Two Paradoxes of International Capital Flows
  Jiandong Ju and Shang-Jin Wei
• w12669 November 2006 Minerva Unbound: Knowledge Stocks, Knowledge Flows and New Knowledge Production
  Lynne G. Zucker, Michael R. Darby, Jonathan Furner, Robert C. Liu, and Hongyan Ma
• w12670 November 2006 A Search-Based Theory of the On-the-Run Phenomenon
  Dimitri Vayanos and Pierre-Olivier Weill
• w12646 October 2006 Product Differentiation and Film Programming Choice: Do First-Run Movie Theatres Show the Same Films?
  Darlene C. Chisholm, Margaret S. McMillan, and George Norman
• w12653 October 2006 Political Competitiveness
  Casey B. Mulligan and Kevin K. Tsui
• w12647 October 2006 Two Flaws In Business Cycle Accounting
  Lawrence J. Christiano and Joshua M. Davis
• w12648 October 2006 Learning and Disagreement in an Uncertain World
  Daron Acemoglu, Victor Chernozhukov, and Muhamet Yildiz
• w12649 October 2006 Why do firms hold so much cash? A tax-based explanation
  C. Fritz Foley, Jay C. Hartzell, Sheridan Titman, and Garry Twite
• w12650 October 2006 Long Term Risk: An Operator Approach
  Lars Peter Hansen and Jose Scheinkman
• w12651 October 2006 School Quality and the Black-White Achievement Gap
  Eric A. Hanushek and Steven G. Rivkin
• w12652 October 2006 The Effects of Education Quality on Income Growth and Mortality Decline
  Eliot A. Jamison, Dean T. Jamison, and Eric A. Hanushek
• w12654 October 2006 Inflation Implications of Rising Government Debt
  Chryssi Giannitsarou and Andrew Scott
• w12655 October 2006 Is the Eldest Son Different? The Residential Choice of Siblings in Japan
  Midori Wakabayashi and Charles Y. Horioka
• w12656 October 2006 Bankruptcy and Collateral in Debt Constrained Markets
  Timothy J. Kehoe and David K. Levine
• w12657 October 2006 Was the Wealth of Nations Determined in 1000 B.C.?
  Diego Comin, William Easterly, and Erick Gong
• w12658 October 2006 Asset Pricing Models with Conditional Betas and Alphas: The Effects of Data Snooping and Spurious Regression
  Wayne E. Ferson, Sergei Sarkissian, and Timothy Simin
• w12659 October 2006 Simplification and Saving
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian
• w12630 October 2006 On the Heterogeneity of Dowry Motives
  Raj Arunachalam and Trevon D. Logan
• w12644 October 2006 Devaluation with Contract Redenomination in Argentina
  Charles Calomiris
• w12626 October 2006 The Performance of Reverse Leveraged Buyouts
  Jerry Cao and Josh Lerner
• w12627 October 2006 Individual Teacher Incentives And Student Performance
  David N. Figlio and Lawrence Kenny
• w12628 October 2006 Cramming: The Effects of School Accountability on College-Bound Students
  Colleen Donovan, David N. Figlio, and Mark Rush
• w12629 October 2006 Real Business Cycles in Emerging Countries?
  Javier García-Cicco, Roberto Pancrazi, and Martín Uribe
• w12631 October 2006 The Impact of Incentives on Human Behavior: Can We Make It Disappear? The Case of the Death Penalty
  Naci H. Mocan and R. Kaj Gittings
• w12632 October 2006 Does Television Cause Autism?
  Michael Waldman, Sean Nicholson, and Nodir Adilov
• w12633 October 2006 Illiquid Assets and Optimal Portfolio Choice
  Eduardo S. Schwartz and Claudio Tebaldi
• w12634 October 2006 When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (and when is it not)?
  Dirk Krueger and Hanno Lustig
• w12635 October 2006 Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
  Christopher R. Knittel and Jason J. Lepore
• w12636 October 2006 When Bioterrorism Was No Big Deal
  Patricia E. Beeson and Werner Troesken
• w12637 October 2006 A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy
  Dale F. Gray, Robert C. Merton, and Zvi Bodie
• w12638 October 2006 Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections
  Glenn D. Rudebusch and John C. Williams
• w12639 October 2006 Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market
  David Card, Raj Chetty, and Andrea Weber
• w12640 October 2006 University Patenting: Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption
  Carlos Rosell and Ajay Agrawal
• w12641 October 2006 Crime and Punishment in the "American Dream"
  Rafael Di Tella and Juan Dubra
• w12642 October 2006 Welfare Reform and Indirect Impacts on Health
  Marianne Bitler and Hilary W. Hoynes
• w12643 October 2006 Cost-Offsets of New Medications for Treatment of Schizophrenia
  Richard G. Frank, Thomas G. McGuire, and Sharon-Lise Normand
• w12645 October 2006 The Economics of Earnings Manipulation and Managerial Compensation
  Keith J. Crocker and Joel Slemrod
• w12610 October 2006 Lost Decades: Lessons from Post-Independence Latin America for Today's Africa
  Robert H. Bates, John H. Coatsworth, and Jeffrey G. Williamson
• w12604 October 2006 Strategic Incompatibility in ATM Markets
  Christopher R. Knittel and Victor Stango
• w12605 October 2006 Sticky Information in General Equilibrium
  N. Gregory Mankiw and Ricardo Reis
• w12606 October 2006 The Conquest of South American Inflation
  Thomas Sargent, Noah Williams, and Tao Zha
• w12607 October 2006 Further Tests of Abortion and Crime: A Response to Donohue and Levitt (2001,2004, 2006)
  Theodore J. Joyce
• w12611 October 2006 Evaluating the Economic Significance of Downward Nominal Wage Rigidity
  Michael W. Elsby
• w12608 October 2006 Methodological Issues in the Evaluation of Parental Involvement Laws: Evidence from Texas
  Silvie Colman, Theodore J. Joyce, and Robert Kaestner
• w12609 October 2006 Equilibrium Yield Curves
  Monika Piazzesi and Martin Schneider
• w12617 October 2006 Regulation - the Corridor to Liberalization: The Experience of the Israeli Phone Market 1984-2005
  Reuben Gronau
• w12612 October 2006 Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
  Atif Mian and Asim Ijaz Khwaja
• w12613 October 2006 British Colonial Institutions and Economic Development in India
  Shilpi Kapur and Sukkoo Kim
• w12614 October 2006 Bubbles and Self-Enforcing Debt
  Christian Hellwig and Guido Lorenzoni
• w12615 October 2006 Time Preference, Time Discounting, and Smoking Decisions
  Ahmed Khwaja, Dan Silverman, and Frank Sloan
• w12616 October 2006 A Simple Test of the Effect of Interest Rate Defense
  Allan Drazen and Stefan Hubrich
• w12618 October 2006 Reservation Wages and Unemployment Insurance
  Robert Shimer and Ivan Werning
• w12619 October 2006 An Instrumental Variable Evaluation of Antidepressant Use on Employment Among HIV-Infected Women Using Highly-Active Antiretroviral Therapy in the United States: 1996-2004
  Omar Galarraga, David S. Salkever, Judith A. Cook, and Stephen J. Gange
• w12620 October 2006 External Imbalances in an Advanced, Commodity-Exporting Country: The Case of New Zealand
  Sebastian Edwards
• w12621 October 2006 Demographic Change, Social Security Systems, and Savings
  David E. Bloom, David Canning, Rick Mansfield, and Michael Moore
• w12622 October 2006 Relationship Banking and the Pricing of Financial Services
  Charles Calomiris and Thanavut Pornrojnangkool
• w12623 October 2006 Tradeoffs from Integrating Diagnosis and Treatment in Markets for Health Care
  Christopher C. Afendulis and Daniel P. Kessler
• w12624 October 2006 Welfare Reform and Family Expenditures: How are Single Mothers Adapting to the New Welfare and Work Regime?
  Neeraj Kaushal, Qin Gao, and Jane Waldfogel
• w12625 October 2006 On the Existence and Efficiency of Equilibria Under Liability Rules
  Ram Singh
• w12598 October 2006 The Assignment of Property Rights on the Western Frontier: Lessons for Contemporary Environmental and Resource Policy
  Gary D. Libecap
• w12603 October 2006 Lead Pipes and Child Mortality
  Karen Clay, Werner Troesken, and Michael Haines
• w12599 October 2006 You Cannot be Serious: The Conceptual Innovator as Trickster
  David Galenson
• t0329 October 2006 Researcher Incentives and Empirical Methods
  Edward L. Glaeser
• w12595 October 2006 What Drove First Year Premiums in Stand-Alone Medicare Drug Plans?
  Kosali I. Simon and Claudio Lucarelli
• w12590 October 2006 Bank Distress During the Great Contraction, 1929 to 1933, New Data from the Archives of the Board of Governors
  Gary Richardson
• w12591 October 2006 Monetary Intervention Mitigated Banking Panics During the Great Depression: Quasi-Experimental Evidence from the Federal Reserve District Border in Mississippi, 1929 to 1933
  Gary Richardson and William Troost
• w12593 October 2006 David Laidler on Monetarism
  Michael Bordo and Anna J. Schwartz
• w12594 October 2006 Deposit Insurance and the Composition of Bank Suspensions in Developing Economies: Lessons from the State Deposit Insurance Experiments of the 1920S
  Ching-Yi Chung and Gary Richardson
• w12597 October 2006 Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth
  James Poterba, Joshua Rauh, Steven Venti, and David Wise
• w12596 October 2006 Professor Qualities and Student Achievement
  Florian Hoffmann and Philip Oreopoulos
• w12600 October 2006 Progressive Estate Taxation
  Emmanuel Farhi and Ivan Werning
• w12601 October 2006 The Causes and Consequences of Land Use Regulation: Evidence from Greater Boston
  Edward L. Glaeser and Bryce A. Ward
• w12602 October 2006 Trade Costs in the First Wave of Globalization
  David S. Jacks, Christopher M. Meissner, and Dennis Novy
• w12592 October 2006 Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs
  Paul Gompers, Anna Kovner, Josh Lerner, and David Scharfstein
• w12581 October 2006 Technology and Labor Regulations
  Alberto Alesina and Joseph Zeira
• w12575 October 2006 How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
  Patrick J. Kehoe
• w12577 October 2006 Intellectual Property and Marketing
  Darius Lakdawalla, Tomas Philipson, and Y. Richard Wang
• w12589 October 2006 Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets
  Hali J. Edison and Francis E. Warnock
• w12587 October 2006 Volatility in International Financial Market Issuance: The Role of the Financial Center
  Marco Cipriani and Graciela L. Kaminsky
• w12576 October 2006 Commercial Policy in a Predatory World
  James E. Anderson
• w12578 October 2006 Optimal Liability for Terrorism
  Darius Lakdawalla and Eric Talley
• w12579 October 2006 Testing the Theory of Trade Policy: Evidence from the Abrupt End of the Multifibre Arrangement
  James Harrigan and Geoffrey Barrows
• w12580 October 2006 Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
  Christopher M. Meissner and Alan M. Taylor
• w12582 October 2006 National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion
  W. Kip Viscusi and Richard J. Zeckhauser
• w12583 October 2006 When Knowledge is an Asset: Explaining the Organizational Structure of Large Law Firms
  James B. Rebitzer and Lowell J. Taylor
• w12584 October 2006 Shooting the Auctioneer
  Roger E. A. Farmer and Andrew Hollenhorst
• w12585 October 2006 Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth
  Annamaria Lusardi and Olivia S. Mitchell
• w12586 October 2006 Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
  Enrique G. Mendoza and P. Marcelo Oviedo
• w12588 October 2006 Optimal Inequality/Optimal Incentives: Evidence from a Tournament
  Richard B. Freeman and Alexander M. Gelber
• w12555 October 2006 Financially Constrained Stock Returns
  Dmitry Livdan, Horacio Sapriza, and Lu Zhang
• w12556 October 2006 Does How Much and How You Pay Matter? Evidence from the Inpatient Rehabilitation Facility Prospective Payment System
  Neeraj Sood, Melinda Beeuwkes Buntin, and Jose J. Escarce
• w12557 October 2006 Aggregate Shocks or Aggregate Information? Costly Information and Business Cycle Comovement
  Laura Veldkamp and Justin Wolfers
• t0330 October 2006 Moving the Goalposts: Addressing Limited Overlap in the Estimation of Average Treatment Effects by Changing the Estimand
  Richard K. Crump, V. Joseph Hotz, Guido W. Imbens, and Oscar A. Mitnik
• w12558 October 2006 The Evolution of Income Concentration in Japan, 1886-2002: Evidence from Income Tax Statistics
  Chiaki Moriguchi and Emmanuel Saez
• w12559 October 2006 Labor Market Shocks and Retirement: Do Government Programs Matter?
  Courtney C. Coile and Phillip B. Levine
• w12560 October 2006 International Capital Flows and U.S. Interest Rates
  Francis E. Warnock and Veronica Cacdac Warnock
• w12561 October 2006 Do Television and Radio Destroy Social Capital? Evidence from Indonesian Villages
  Benjamin A. Olken
• w12562 October 2006 Valuing New Goods in a Model with Complementarities: Online Newspapers
  Matthew Gentzkow
• w12563 October 2006 Entry and Patenting in the Software Industry
  Iain M. Cockburn and Megan J. MacGarvie
• w12564 October 2006 Endogenous Sudden Stops in a Business Cycle Model with Collateral Constraints:A Fisherian Deflation of Tobin's Q
  Enrique G. Mendoza
• w12565 October 2006 Understanding South Africa's Economic Puzzles
  Dani Rodrik
• w12569 October 2006 Inheritance and Saving
  David Joulfaian
• w12566 October 2006 Demographics in Dynamic Heckscher-Ohlin Models: Overlapping Generations Versus Infinitely Lived Consumers
  Claustre Bajona and Timothy J. Kehoe
• w12567 October 2006 Trade, Growth, and Convergence in a Dynamic Heckscher-Ohlin Model
  Claustre Bajona and Timothy J. Kehoe
• w12568 October 2006 Federal Tax Policy Towards Energy
  Gilbert E. Metcalf
• w12570 October 2006 Behavioral Theories of the Business Cycle
  Nir Jaimovich and Sergio Rebelo
• w12571 October 2006 The Puzzle of the Antebellum Fertility Decline in the United States: New Evidence and Reconsideration
  Michael R. Haines and J. David Hacker
• w12572 October 2006 American Indian Mortality in the Late Nineteenth Century: The Impact of Federal Assimilation Policies on a Vulnerable Population
  J. David Hacker and Michael R. Haines
• w12573 October 2006 The Control of Politicians in Divided Societies: The Politics of Fear
  Gerard Padro i Miquel
• w12574 October 2006 Understanding Instrumental Variables in Models with Essential Heterogeneity
  James J. Heckman, Sergio Urzua, and Edward J. Vytlacil
• w12547 October 2006 Pass Through of Exchange Rates to Consumption Prices: What has Changed and Why?
  Jose Manuel Campa and Linda S. Goldberg
• w12553 October 2006 Inequality and Schooling Responses to Globalization Forces: Lessons from History
  Jeffrey G. Williamson
• w12545 October 2006 Multilateralising Regionalism: Spaghetti Bowls as Building Blocs on the Path to Global Free Trade
  Richard Baldwin
• w12546 October 2006 Colonialism and Modern Income -- Islands as Natural Experiments
  James Feyrer and Bruce Sacerdote
• w12549 October 2006 Poverty Traps, Distance, and Diversity: The Migration Connection
  Jeffrey G. Williamson
• w12550 October 2006 Wealth Inequality: Data and Models
  Marco Cagetti and Mariacristina De Nardi
• w12551 October 2006 Are Currency Appreciations Contractionary in China?
  Jianhuai Shi
• w12552 October 2006 Local Currency Bond Markets
  John D. Burger and Francis E. Warnock
• w12554 October 2006 Differential Mortality, Uncertain Medical Expenses, and the Saving of Elderly Singles
  Mariacristina De Nardi, Eric French, and John Bailey Jones
• w12548 October 2006 Foreign Participation in Local Currency Bond Markets
  John D. Burger and Francis E. Warnock
• t0328 September 2006 Non-response in the American Time Use Survey: Who Is Missing from the Data and How Much Does It Matter?
  Katharine G. Abraham, Aaron Maitland, and Suzanne M. Bianchi
• t0327 September 2006 Robust Inference with Multi-way Clustering
  A. Colin Cameron, Jonah B. Gelbach, and Douglas L. Miller
• w12537 September 2006 Can News About the Future Drive the Business Cycle?
  Nir Jaimovich and Sergio Rebelo
• w12538 September 2006 Why Has House Price Dispersion Gone Up?
  Stijn Van Nieuwerburgh and Pierre-Olivier Weill
• w12539 September 2006 Importation and Innovation
  Frank R. Lichtenberg
• w12540 September 2006 Indeterminacy in a Forward Looking Regime Switching Model
  Roger E. A. Farmer, Daniel F. Waggoner, and Tao Zha
• w12541 September 2006 Is A Great Labor Shortage Coming? Replacement Demand in the Global Economy
  Richard B. Freeman
• w12542 September 2006 Measuring the Macroeconomic Risks Posed by Asset Price Booms
  Stephen G. Cecchetti
• w12543 September 2006 International Trade and Finance under the Two Hegemons: Complementaries in the United Kingdom 1870-1913 and the United States 1920-30
  Alan M. Taylor and Janine L. F. Wilson
• w12544 September 2006 Growth, Reform Indicators and Policy Complementaries
  Jorge Braga de Macedo and Joaquim Oliveira Martins
• w12533 September 2006 Does It Pay, at the Margin, to Work and Save? -- Measuring Effective Marginal Taxes on Americans' Labor Supply and Saving
  Laurence J. Kotlikoff and David Rapson
• w12534 September 2006 Why Do U.S. Firms Hold So Much More Cash Than They Used To?
  Thomas W. Bates, Kathleen M. Kahle, and Rene M. Stulz
• w12535 September 2006 A Comment on The Role of Prices for Excludable Public Goods
  Gilbert E. Metcalf and Jongsang Park
• w12536 September 2006 Medicaid Crowd-Out of Private Long-Term Care Insurance Demand: Evidence from the Health and Retirement Survey
  Jeffrey R. Brown, Norma B. Coe, and Amy Finkelstein
• w12521 September 2006 Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution
  Paul Beaudry, Mark Doms, and Ethan Lewis
• w12522 September 2006 How Does Foreign Direct Investment Promote Economic Growth? Exploring the Effects of Financial Markets on Linkages
  Laura Alfaro, Areendam Chanda, Sebnem Kalemli-Ozcan, and Selin Sayek
• w12523 September 2006 Climbing Atop the Shoulders of Giants: The Impact of Institutions on Cumulative Research
  Jeffrey L. Furman and Scott Stern
• w12524 September 2006 Customer Risk from Real-Time Retail Electricity Pricing: Bill Volatility and Hedgability
  Severin Borenstein
• w12525 September 2006 The Corporate Governance Role of the Media: Evidence from Russia
  Alexander Dyck, Natalya Volchkova, and Luigi Zingales
• w12526 September 2006 What Has Mattered to Economics Since 1970
  E. Han Kim, Adair Morse, and Luigi Zingales
• w12527 September 2006 The Effectiveness of Cigarette Regulations in Reducing Cases of Sudden Infant Death Syndrome
  Sara Markowitz
• w12528 September 2006 Do Female Physicians Capture Their Scarcity Value? The Case of OB/GYNs
  Jessica Wolpaw Reyes
• w12529 September 2006 High School Alcohol Use and Young Adult Labor Market Outcomes
  Pinka Chatterji and Jeffrey DeSimone
• w12530 September 2006 Evidence of a Shift in the Short-Run Price Elasticity of Gasoline Demand
  Jonathan E. Hughes, Christopher R. Knittel, and Daniel Sperling
• w12531 September 2006 Explaining Import Variety and Quality: The Role of the Income Distribution
  Yo Chul Choi, David Hummels, and Chong Xiang
• w12532 September 2006 Do State Expenditures on Tobacco Control Programs Decrease Use of Tobacco Products Among College Students?
  Christina Czart Ciecierski, Pinka Chatterji, Frank J. Chaloupka, and Henry Wechsler
• w12505 September 2006 A New Framework for the Analysis of Inequality
  Flavio Cunha and James J. Heckman
• w12516 September 2006 Gravity for Dummies and Dummies for Gravity Equations
  Richard Baldwin and Daria Taglioni
• w12517 September 2006 Land and Power: Theory and Evidence from Chile
  Jean-Marie Baland and James A. Robinson
• w12518 September 2006 Immigration and African-American Employment Opportunities: The Response of Wages, Employment, and Incarceration to Labor Supply Shocks
  George J. Borjas, Jeffrey Grogger, and Gordon H. Hanson
• w12519 September 2006 Evaluating the Effectiveness of Child Safety Seats and Seat Belts in Protecting Children from Injury
  Steven D. Levitt and Joseph J. Doyle
• w12520 September 2006 Creative Destruction in Industries
  Boyan Jovanovic and Chung-Yi Tse
• w12513 September 2006 Linear Approximations and Tests of Conditional Pricing Models
  Michael W. Brandt and David A. Chapman
• w12515 September 2006 Monetary Policy Strategy: How Did We Get Here?
  Frederic S. Mishkin
• w12506 September 2006 Willingness to Pay for Drug Rehabilitation: Implications for Cost Recovery
  David Bishai and Jody Sindelar
• w12507 September 2006 An Experimental Test of Criminal Behavior Among Juveniles and Young Adults
  Michael S. Visser, William T. Harbaugh, and Naci H. Mocan
• w12508 September 2006 Peers at Work
  Alexandre Mas and Enrico Moretti
• w12509 September 2006 Public & Private Spillovers, Location and the Productivity of Pharmaceutical Research
  Jeffrey L. Furman, Margaret K. Kyle, Iain M. Cockburn, and Rebecca Henderson
• w12510 September 2006 Contingent Valuation Analysis of Willingness to Pay To Reduce Childhood Obesity
  John Cawley
• w12511 September 2006 The Health Effects of Medicare for the Near-Elderly Uninsured
  Daniel Polsky, Jalpa A. Doshi, Jose Escarce, Willard Manning, Susan M. Paddock, Liyi Cen, and Jeannette Rogowski
• w12512 September 2006 From Groundnuts to Globalization: A Structural Estimate of Trade and Growth
  Christian Broda, Joshua Greenfield, and David Weinstein
• w12514 September 2006 Temporary Investment Tax Incentives: Theory with Evidence from Bonus Depreciation
  Christopher House and Matthew D. Shapiro
• w12479 September 2006 The "Names Game": Harnessing Inventors' Patent Data for Economic Research
  Manuel Trajtenberg, Gil Shiff, and Ran Melamed
• w12499 August 2006 A Conceptual World: Why the Art of the Twentieth Century is So Different From the Art of All Earlier Centuries
  David W. Galenson
• w12491 August 2006 Swiss Exchange Rate Policy in the 1930s. Was the Delay in Devaluation Too High a Price to Pay for Conservatism?
  Michael Bordo, Thomas Helbling, and Harold James
• w12489 August 2006 The Returns to Currency Speculation
  Craig Burnside, Martin Eichenbaum, Isaac Kleshchelski, and Sergio Rebelo
• w12492 August 2006 Changes in the Federal Reserve's Inflation Target: Causes and Consequences
  Peter N. Ireland
• w12493 August 2006 Transfer Pricing by U.S.-Based Multinational Firms
  Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott
• w12494 August 2006 Exploring Gender Differences in Employment and Wage Trends Among Less-Skilled Workers
  Rebecca M. Blank and Heidi Shierholz
• w12495 August 2006 The International Role of the Dollar and Trade Balance Adjustment
  Linda S. Goldberg and Cédric Tille
• w12496 August 2006 The Forward Market in Emerging Currencies: Less Biased Than in Major Currencies
  Jeffrey Frankel and Jumana Poonawala
• w12497 August 2006 Rethinking the Effects of Immigration on Wages
  Gianmarco I.P. Ottaviano and Giovanni Peri
• w12498 August 2006 Unemployment Fluctuations With Staggered Nash Wage Bargaining
  Mark Gertler and Antonella Trigari
• w12500 August 2006 Look at Me Now: What Attracts U.S. Shareholders?
  John Ammer, Sara B. Holland, David C. Smith, and Francis E. Warnock
• w12501 August 2006 The Cost of Banking Regulation
  Luigi Guiso, Paola Sapienza, and Luigi Zingales
• w12502 August 2006 The Tradeoff Between Mortgage Prepayments and Tax-Deferred Retirement Savings
  Gene Amromin, Jennifer Huang, and Clemens Sialm
• w12503 August 2006 Rules Rather Than Discretion: Lessons from Hurricane Katrina
  Howard Kunreuther and Mark Pauly
• w12504 August 2006 The Effect of State Community Rating Regulations on Premiums and Coverage in the Individual Health Insurance Market
  Bradley Herring and Mark V. Pauly
• w12490 August 2006 How Corruption Hits People When They Are Down
  Jennifer Hunt
• w12484 August 2006 Financial Globalization: A Reappraisal
  M. Ayhan Kose, Eswar Prasad, Kenneth S. Rogoff, and Shang-Jin Wei
• w12475 August 2006 Capital Deepening and Non-Balanced Economic Growth
  Daron Acemoglu and Veronica Guerrieri
• w12470 August 2006 Optimal Monetary Policy with Collateralized Household Debt and Borrowing Constraints
  Tommaso Monacelli
• w12471 August 2006 Should Sixth Grade be in Elementary or Middle School? An Analysis of Grade Configuration and Student Behavior
  Philip J. Cook, Robert MacCoun, Clara Muschkin, and Jacob Vigdor
• w12472 August 2006 Smoke Signals: Adolescent Smoking and School Continuation
  Philip J. Cook and Rebecca Hutchinson
• w12473 August 2006 Understanding International Portfolio Diversification and Turnover Rates
  Amir Amadi and Paul Bergin
• w12474 August 2006 Competition, Innovation and Growth with Limited Commitment
  Ramon Marimon and Vincenzo Quadrini
• w12476 August 2006 Modern Macroeconomics in Practice: How Theory is Shaping Policy
  Patrick Kehoe and Varadarajan V. Chari
• w12477 August 2006 A Theory of Demand Shocks
  Guido Lorenzoni
• w12478 August 2006 First Do No Harm?: Tort Reform and Birth Outcomes
  Janet Currie and W. Bentley MacLeod
• w12480 August 2006 Welfare Reform, Work Requirements, and Employment Barriers
  Ellen Meara and Richard Frank
• w12481 August 2006 Conventional and Unconventional Approaches to Exchange Rate Modeling and Assessment
  Menzie D. Chinn and Ron Alquist
• w12482 August 2006 Globalization and Risk Sharing
  Jaume Ventura and Fernando A. Broner
• w12483 August 2006 Productivity, External Balance and Exchange Rates: Evidence on the Transmission Mechanism Among G7 Countries
  Giancarlo Corsetti, Luca Dedola, and Sylvain Leduc
• w12485 August 2006 The Consequences of Teenage Childbearing
  Adam Ashcraft and Kevin Lang
• w12486 August 2006 Irreversible Investment, Real Options, and Competition: Evidence from Real Estate Development
  Laarni Bulan, Christopher J. Mayer, and C. Tsuriel Somerville
• w12487 August 2006 The Equity Premium Implied by Production
  Urban Jermann
• w12488 August 2006 Quantifying Equilibrium Network Externalities in the ACH Banking Industry
  Daniel A. Ackerberg and Gautam Gowrisankaran
• w12455 August 2006 Contractual Tradeoffs and SMEs Choice of Organizational Form, A View from U.S. and French History, 1830-2000
  Naomi R. Lamoreaux and Jean-Laurent Rosenthal
• w12456 August 2006 Stochastic Components of Individual Consumption: A Time Series Analysis of Grouped Data
  Orazio Attanasio and Margherita Borella
• w12457 August 2006 Openness and Industrial Responses in a Wal-Mart World: A Case Study of Mexican Soaps, Detergents and Surfactant Producers
  Beata Smarzynska Javorcik, Wolfgang Keller, and James R. Tybout
• w12458 August 2006 Youth Smoking, Cigarette Prices, and Anti-Smoking Sentiment
  Philip DeCicca, Donald S. Kenkel, Alan D. Mathios, Yoon-Jeong Shin, and Jae-Young Lim
• w12459 August 2006 Science and Industry: Tracing the Flow of Basic Research through Manufacturing and Trade
  James D. Adams and Roger Clemmons
• w12460 August 2006 Euro-Productivity and Euro-Jobs since the 1960s: Which Institutions Really Mattered?
  Gayle Allard and Peter H. Lindert
• w12461 August 2006 Benchmarking Money Manager Performance: Issues and Evidence
  Josef Lakonishok, Louis Chan, and Stephen G. Dimmock
• w12462 August 2006 The Bond Market's q
  Thomas Philippon
• w12463 August 2006 Why Have Corporate Tax Revenues Declined? Another Look
  Alan J. Auerbach
• w12464 August 2006 The Return to English in a Non-English Speaking Country: Russian Immigrants and Native Israelis in Israel
  Kevin Lang and Erez Siniver
• w12465 August 2006 How has CEO Turnover Changed? Increasingly Performance Sensitive Boards and Increasingly Uneasy CEOs
  Steven N. Kaplan and Bernadette Minton
• w12466 August 2006 Stature and Status: Height, Ability, and Labor Market Outcomes
  Anne Case and Christina Paxson
• w12467 August 2006 Consumption Commitments and Risk Preferences
  Raj Chetty and Adam Szeidl
• w12468 August 2006 Fraternity Membership and Binge Drinking
  Jeffrey S. DeSimone
• w12469 August 2006 Learning-by-Producing and the Geographic Links Between Invention and Production: Experience From the Second Industrial Revolution
  Dhanoos Sutthiphisal
• w12441 August 2006 E-Stability vis-a-vis Determinacy Results for a Broad Class of Linear Rational Expectations Models
  Bennett T. McCallum
• w12440 August 2006 Schooling Externalities, Technology and Productivity: Theory and Evidence from U.S. States
  Susana Iranzo and Giovanni Peri
• w12442 August 2006 Expectations, Asset Prices, and Monetary Policy: The Role of Learning
  Simon Gilchrist and Masashi Saito
• w12443 August 2006 The Welfare Consequences of ATM Surcharges: Evidence from a Structural Entry Model
  Gautam Gowrisankaran and John Krainer
• w12444 August 2006 Financial Innovation for an Aging World
  Olivia S. Mitchell, John Piggott, Michael Sherris, and Shaun Yow
• w12445 August 2006 Moral Hazard, Adverse Selection and Health Expenditures: A Semiparametric Analysis
  Patrick Bajari, Han Hong, and Ahmed Khwaja
• w12446 August 2006 Goals and Plans in Protective Decision Making
  David H. Krantz and Howard Kunreuther
• w12447 August 2006 Employer Matching and 401(k) Saving: Evidence from the Health and Retirement Study
  Gary V. Engelhardt and Anil Kumar
• w12448 August 2006 Electoral Uncertainty and the Volatility of International Capital Flows
  Roberto Chang
• w12449 August 2006 Reflections on U.S. Disaster Insurance Policy for the 21st Century
  Howard Kunreuther
• w12450 August 2006 Democracy and Globalization
  Barry Eichengreen
• w12451 August 2006 Insurance Underwriter or Financial Development Fund: What Role for Reserve Pooling in Latin America?
  Barry Eichengreen
• w12452 August 2006 Myopia and the Effects of Social Security and Capital Taxation on Labor Supply
  Louis Kaplow
• w12453 August 2006 On the Consequences of Demographic Change for Rates of Returns to Capital, and the Distribution of Wealth and Welfare
  Dirk Krueger and Alexander Ludwig
• w12454 August 2006 Can Central Banks Target Bond Prices?
  Kenneth Kuttner
• w12433 August 2006 Recursive Competitive Equilibrium
  Rajnish Mehra
• w12434 August 2006 The Equity Premium in India
  Rajnish Mehra
• w12435 August 2006 Reaching for the Stars: Who Pays for Talent in Innovative Industries?
  Fredrik Andersson, Matthew Freedman, John C. Haltiwanger, Julia Lane, and Kathryn L. Shaw
• w12436 August 2006 The Growth in the Social Security Disability Rolls: A Fiscal Crisis Unfolding
  David Autor and Mark Duggan
• w12437 August 2006 How Do Youth with Mental Disorders Fare in the Juvenile Justice System?
  Pinka Chatterji and Alison Cuellar
• w12438 August 2006 Regulatory Exploitation and the Market for Corporate Controls
  Leemore Dafny and David Dranove
• t0326 August 2006 Approximately Normal Tests for Equal Predictive Accuracy in Nested Models
  Kenneth D. West and Todd Clark
• w12439 August 2006 Home and Regional Biases and Border Effects in Armington Type Models
  John Whalley and Xian Xin
• w12430 August 2006 Employment and Adverse Selection in Health Insurance
  Jayanta Bhattacharya and William B. Vogt
• w12431 August 2006 The Direct Substitution Between Government and Private Consumption in East Asia
  Yum K. Kwan
• w12432 August 2006 On the Determinants of Exporters' Currency Pricing: History vs. Expectations
  Shin-ichi Fukuda and Masanori Ono
• w12420 August 2006 Noisy Macroeconomic Announcements, Monetary Policy, and Asset Prices
  Roberto Rigobon and Brian Sack
• w12421 August 2006 The Consumption-Tightness Puzzle
  Morten O. Ravn
• w12422 August 2006 Cross-Border Acquisitions and Target Firms' Performance: Evidence From Japanese Firm-Level Data
  Kyoji Fukao, Keiko Ito, Hyeog Ug Kwon, and Miho Takizawa
• w12423 August 2006 Parallel Imports and Price Controls
  Gene M. Grossman and Edwin C.-L. Lai
• w12424 August 2006 Cohort Crowding: How Resources Affect Collegiate Attainment
  John Bound and Sarah Turner
• w12425 August 2006 Evaluating Wireless Carrier Consolidation Using Semiparametric Demand Estimation
  Patrick Bajari, Jeremy T. Fox, and Stephen Ryan
• w12426 August 2006 Reflections on One Year at the Bank of Israel
  Stanley Fischer
• w12427 August 2006 Policy Options for Financing the Future Health and Long-Term Care Costs in Japan
  Tadashi Fukui and Yasushi Iwamoto
• w12428 August 2006 Corruption Perceptions vs. Corruption Reality
  Benjamin A. Olken
• w12429 August 2006 Health Insurance Enrollment Decisions: Preferences for Coverage, Worker Sorting, and Insurance Take Up
  Alan C. Monheit and Jessica Primoff Vistnes
• w12415 August 2006 Cyclical Wages in a Search-and-Bargaining Model with Large Firms
  Julio J. Rotemberg
• w12416 August 2006 Military Positions and Post-Service Occupational Mobility of Union Army Veterans, 1861-1880
  Chulhee Lee
• w12417 August 2006 The Effect of Anticipated Tax Changes on Intertemporal Labor Supply and the Realization of Taxable Income
  Adam Looney and Monica Singhal
• w12418 August 2006 When Knowledge is not Enough: HIV/AIDS Information and Risky Behavior in Botswana
  James A. Levinsohn, Taryn Dinkelman, and Rolang Majelantle
• w12419 August 2006 Optimal Taxation of Entrepreneurial Capital with Private Information
  Stefania Albanesi
• w12400 August 2006 The Brevity and Violence of Contractions and Expansions
  Alisdair McKay and Ricardo Reis
• w12401 August 2006 The Chilean Pension Reform Turns 25: Lessons From the Social Protection Survey
  Alberto Arenas de Mesa, David Bravo, Jere R. Behrman, Olivia S. Mitchell, and Petra E. Todd
• w12402 August 2006 Optimal Simple and Implementable Monetary and Fiscal Rules: Expanded Version
  Stephanie Schmitt-Grohé and Martín Uribe
• w12403 August 2006 Two Paths to Abstract Art: Kandinsky and Malevich
  David W. Galenson
• w12404 August 2006 How Progressive is the U.S. Federal Tax System? A Historical and International Perspective
  Thomas Piketty and Emmanuel Saez
• w12405 August 2006 Endogenous Monetary Policy Regime Change
  Troy Davig and Eric M. Leeper
• w12407 August 2006 Signaling Credibility --- Choosing Optimal Debt and International Reserves
  Joshua Aizenman and Jorge Fernández-Ruiz
• w12406 August 2006 The Impact of Increased Utilization of HIV Drugs on Longevity and Medical Expenditures: An Assessment Based on Aggregate U.S. Time-Series Data
  Frank R. Lichtenberg
• w12408 August 2006 Bond Markets as Conduits for Capital Flows: How Does Asia Compare?
  Barry Eichengreen and Pipat Luengnaruemitchai
• w12409 August 2006 Is Crime Contagious?
  Jens Ludwig and Jeffrey R. Kling
• w12410 August 2006 The Church vs the Mall: What Happens When Religion Faces Increased Secular Competition?
  Jonathan Gruber and Daniel M. Hungerman
• w12411 August 2006 Skill Acquisition, Credit Constraints, and Trade
  Tatyana Chesnokova and Kala Krishna
• w12412 August 2006 Intertemporal Consumption Choices, Transaction Costs and Limited Participation to Financial Markets: Reconciling Data and Theory
  Orazio P. Attanasio and Monica Paiella
• w12413 August 2006 Intra-Day Seasonality in Activities of the Foreign Exchange Markets: Evidence From the Electronic Broking System
  Takatoshi Ito and Yuko Hashimoto
• w12414 August 2006 What Determines Immigration's Impact? Comparing Two Global Centuries
  Timothy J. Hatton and Jeffrey G. Williamson
• w12398 July 2006 The Politics and Economics of Offshore Outsourcing
  N. Gregory Mankiw and Phillip Swagel
• w12380 July 2006 Using a Hedonic Model of Solar Radiation to Assess the Economic Effect of Climate Change: The Case of Mosel Valley Vineyards
  Orley Ashenfelter and Karl Storchmann
• w12381 July 2006 Railroads and Local Economic Development: The United States in the 1850s
  Michael R. Haines and Robert A. Margo
• w12382 July 2006 ICT Use in the Developing World: An Analysis of Differences in Computer and Internet Penetration
  Menzie D. Chinn and Robert W. Fairlie
• w12383 July 2006 Uncertainty and Investment Dynamics
  Nick Bloom, John Van Reenen, and Stephen Bond
• w12384 July 2006 Inflation Band Targeting and Optimal Inflation Contracts
  Frederic S. Mishkin and Niklas J. Westelius
• w12385 July 2006 Innovation, Diffusion, and Trade
  Jonathan Eaton and Samuel Kortum
• w12386 July 2006 The Effect of Inheritance Receipt on Retirement
  Jeffrey R. Brown, Courtney C. Coile, and Scott J. Weisbenner
• w12387 July 2006 Handedness and Earnings
  Christopher S. Ruebeck, Joseph E. Harrington, Jr., and Robert Moffitt
• w12388 July 2006 The Level and Composition of Consumption Over the Business Cycle: The Role of "Quasi-Fixed" Expenditures
  Kerwin Kofi Charles and Melvin Stephens, Jr.
• w12389 July 2006 Financial Globalization, Governance, and the Evolution of the Home Bias
  Bong-Chan Kho, René M. Stulz, and Francis E. Warnock
• w12390 July 2006 That's News to Me! Information Revelation in Professional Certification Markets
  Ginger Zhe Jin, Andrew Kato, and John A. List
• w12391 July 2006 How Household Portfolios Evolve After Retirement: The Effect of Aging and Health Shocks
  Courtney Coile and Kevin Milligan
• w12392 July 2006 Optimizing the Retirement Portfolio: Asset Allocation, Annuitization, and Risk Aversion
  Wolfram J. Horneff, Raimond Maurer, Olivia S. Mitchell, and Ivica Dus
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