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NBER Working Papers
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6456: Indeterminacy, Bubbles, and the Fiscal Theory of Price Level Determination
Bennett McCallum
6455: The Financial Accelerator in a Quantitative Business Cycle Framework
Ben S. Bernanke , Mark L. Gertler and Simon Gilchrist
6454: A Theory of Wage and Promotion Dynamics in Internal Labor Markets
Robert Gibbons and Michael Waldman
6453: Universal Service in the Digital Age: The Commercialization and Geography of U.S. Internet Access
Shane Mitchell Greenstein
6452: Transparency and Credibility: Monetary Policy with Unobservable Goals
Jon Faust and Lars E. O. Svensson
6451: A Contracting-Theory Interpretation of the Origins of Federal Deposit Insurance
Edward J. Kane and Berry K. Wilson
6450: Assessing the Bias in the Consumer Price Index from Survey Data
Alan B. Krueger and Aaron Siskind
6449: Would Financial Incentives for Leaving Welfare Lead Some People to Stay on Welfare Longer? An Experimental Evaluation of 'Entry Effects' in the SSP
David E. Card , Philip Kenneth Robins and Winston Lin
6448: Contracts, Intellectual Property Rights, and Multinational Investment in Developing Countries
James R. Markusen
6447: An International Comparison of Generational Accounts
Laurence J. Kotlikoff and Willi Leibfritz
6446: Meritocracy in America: An Examination of Wages Within and Across Occupations
John Cawley , James J. Heckman and Edward Vytlacil
6445: Cyclical Movements in Wages and Consumption in a Bargaining Model of Unemployment
Julio Rotemberg
6444: The Behavioral Economics of Smoking
Warren K. Bickel and Gregory J. Madden
6443: The Effects of Price Changes on Alcohol Consumption in Alcohol-Experienced Rats
Jeffrey Kent Sarbaum , Solomon William Polachek and Norman E. Spear
6442: Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory
Richard H. Clarida , Jordi Gali and Mark L. Gertler
6441: Capital Inflows into Latin America: A Stop-Go Story?
Sebastian Edwards
6440: Changing the Price of Pork: The Impact of Local Cost Sharing on Legislators' Demand for Distributive Public Goods
Alison F. DelRossi and Robert P. Inman
6439: Human Capital and Social Capital: The Rise of Secondary Schooling in America, 1910 to 1940
Claudia Goldin and Lawrence F. Katz
6438: Understanding the U.S. Export Boom
Andrew B. Bernard and J. Bradford Jensen
6437: The Induced Innovation Hypothesis and Energy-Saving Technological Change
Richard G. Newell , Adam Jaffe and Robert Norman Stavins
6436: The Rise and Fall of a Barbarous Relic: The Role of Gold in the International Monetary SYstem
Michael David Bordo and Barry Julian Eichengreen
6435: The Tax Benefits of Not-for-Profit Hospitals
William M. Gentry and John R. Penrod
6434: Conditional Market Timing with Benchmark Investors
Connie Becker , Wayne Ferson , David Myers and Michael Schill
6433: Fundamental Tax Reform and Corporate Financial Policy
William M. Gentry and Robert Glenn Hubbard
6432: Demographic Differentials in the Demand for Alcohol and Illicit Drugs
Henry Saffer and Frank Joseph Chaloupka
6431: Regional Nonadjustment and Fiscal Policy: Lessons for EMU
Maurice Obstfeld and Giovanni Peri
6430: Opting Out of Social Security and Adverse Selection
Laurence J. Kotlikoff , Kent Smetters and Jan Walliser
6429: Market Potential, Increasing Returns, and Geographic Concentration
Gordon Hanson
6428: Social Security: Privatization and Progressivity
Laurence J. Kotlikoff , Kent Smetters and Jan Walliser
6427: Hedge Funds and the Asian Currency Crisis of 1997
Stephen J. Brown , William N. Goetzmann and James Park
6426: General Equilibrium Treatment Effects: A Study of Tuition Policy
James J. Heckman , Lance Lochner and Christopher Taber
6425: The Rise of Multiunit Firms in U.S. Manufacturing
Sukkoo Kim
6424: The Emergence of the Euro as an International Currency
Richard Portes and Helene Rey
6423: Does Spending on Medical Services Change as HMOs Grow and Mature?
Patricia Born and Rosalie Liccardo Pacula
6422: The New Empirics of Economic Growth
Steven N. Durlauf and Danny Quah
6421: Cooperatives vs. Outside Ownership
Oliver D. Hart and John Moore
6420: Nonlinear Aggregate Investment Dynamics: Theory and Evidence
Ricardo J. Caballero and Eduardo M.R.A. Engel
6419: The Unequal Work Day: A Long-Term View
Dora L. Costa
6418: Social Action, Private Choice, and Philanthropy: Understanding the Sources of Improvements in Black Schooling in Georgia, 1911-1960
John J. Donohue , James J. Heckman and Petra Elisabeth Todd
6417: Price Indexes for the Treatment of Depression
Richard G. Frank , Ernst R. Berndt and Susan H. Busch
6416: Vintage Capital and Inequality
Boyan Jovanovic
6415: A Behavioral Economic Analysis of Polydrug Abuse in Heroin Addicts
Nancy M. Petry and Warren K. Bickel
6414: Fundamentals or Population Dynamics and the Geographic Distribution of U.S. Biotechnology Enterprises, 1976-1989
Lynne G. Zucker , Michael Darby and Yusheng Peng
6413: High Water Marks
William N. Goetzmann , Jonathan Ingersoll and Stephen A. Ross
6412: Positive Portfolio Factors
Stephen J. Brown , William N. Goetzmann and Mark Grinblatt
6411: The Demand for Cocaine and Marijuana by Youth
Frank Joseph Chaloupka , Michael Grossman and John A. Tauras
6410: Delayed Reward Discounting in Alcohol Abuse
Rudy E. Vuchinich and Cathy A. Simpson
6409: Reconciling Asymmetric Information and Divergent Expectations Theories of Litigation
Joel Waldfogel
6408: What Explains Changing Spreads on Emerging-Market Debt: Fundamentals or Market Sentiment?
Barry Julian Eichengreen and Ashoka Mody
6407: Income Alters the Relative Reinforcing Effects of Drug and Nondrug Reinforcers
Marilyn E. Carroll
6406: Does Drug Use Cause Poverty?
Robert John Kaestner
6405: Internationalized Production in Developed and Developing Countries and in Industry Sectors
Robert E. Lipsey
6404: Measuring Real Investment: Trends in the United States and International Comparisons
Milka S. Kirova and Robert E. Lipsey
6403: Human Capital and Predation: A Positive Theory of Educational Policy
Herschel . Grossman and Minseong Kim
6402: Employment as a Drug Abuse Treatment Intervention: A Behavioral Economic Analysis
Kenneth Silverman and Elias Robles
6401: Are Alcoholics in Bad Jobs?
Donald S. Kenkel and Ping Wang
6400: Monetary Policy Shocks: What Have We Learned and to What End?
Lawrence J. Christiano , Martin Eichenbaum and Charles L. Evans
6399: Capital Gains Taxation and Tax Avoidance: New Evidence from Panel Data
Alan Auerbach , Leonard E. Burman and Jonathan Siegel
6398: Did Unilateral Divorce Raise Divorce Rates? Evidence from Panel Data
Leora Friedberg
6397: Unit Roots, Postwar Slowdowns and Long-Run Growth: Evidence from Two Structural Breaks
Dan Ben-David , Robin L. Lumsdaine and David H. Papell
6396: The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs, and Fiscal Theories of the Price Level
Willem Hendrik Buiter
6395: It's Not About the Money: Why Natural Experiments Don't Work on the Rich
Austan Goolsbee
6394: Career Concerns of Mutual Fund Managers
Judith Ann Chevalier and Glenn Ellison
6393: Does Schooling Cause Growth or the Other Way Around?
Mark Joseph Bils and Pete Klenow
6392: The Business Cycle, Financial Performance, and the Retirement of Capital Goods
Austan Goolsbee
6391: Estimating the Impact of the GED on the Earnings of Young Dropouts Using a Series of Natural Experiments
John H. Tyler , Richard J. Murnane and John B. Willett
6390: International Capital Movements, Financial Volatility and Financial Instability
Frederic Mishkin
6389: Owner-Occupied Housing and the Composition of the Household Portfolio Over the Life-Cycle
Marjorie Flavin and Takashi Yamashita
6388: Understanding the Role of Cognitive Ability in Accounting for the Recent Rise in the Economic Return to Education
John Cawley , James J. Heckman and Edward Vytlacil
6387: Measuring Market Power in the Ready-to-Eat Cereal Industry
Aviv Nevo
6386: A Reanalysis of the Effect of the New Jersey Minimum Wage Increase on the Fast-Food Industry with Representative Payroll Data
David E. Card and Alan B. Krueger
6385: Life Cycle Schooling and Dynamic Selection Bias: Models and Evidence for Five Cohorts
Stephen V. Cameron and James J. Heckman
6384: Explaining Rising Wage Inequality: Explorations with a Dynamic General Equilibrium Model of Labor Earnings with Heterogeneous Agents
James J. Heckman , Lance Lochner and Christopher Taber
6383: Has U.S. Investment Abroad Become More Sensitive to Tax Rates?
Rosanne Altshuler , Harry Grubert and T. Scott Newlon
6382: International Portfolio Diversification and Labor/Leisure Choice
Urban Joseph Jermann
6381: Stock Market Volatility: Ten Years After the Crash
G. William Schwert
6380: Perspectives on the Recent Currency Crisis Literature
Robert P. Flood and Nancy P. Marion
6379: Predictable Changes in Yields and Forward Rates
David Backus , Silverio Foresi , Abon Mozumdar and Liuren Wu
6378: Theories of the Distribution of Labor Earnings
Derek A. Neal and Sherwin Rosen
6377: Nonprofit Production and Competition
Darius Lakdawalla and Tomas J Philipson
6376: Is Trade Policy for Sale? Congressional Voting on Recent Trade Bills
Robert E. Baldwin and Christopher S. Magee
6375: Human Behavior and the Efficiency of the Financial System
Robert J. Shiller
6374: Entrepreneurs, Income Taxes, and Investment
Robert Carroll , Douglas Holtz-Eakin , Mark Rider and Harvey Rosen
6373: Expandability, Reversibility, and Optimal Capacity Choice
Avinash Kamalakar Dixit and Robert S. Pindyck
6372: Consumption Smoothing through Fiscal Policy in OECD and EU Countries
Adriana Arreaza , Bent E. Sorensen and Oved Yosha
6371: Modeling Money
Lawrence J. Christiano , Martin Eichenbaum and Charles L. Evans
6370: Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises
Barry Julian Eichengreen and Andrew Kenan Rose
6369: The Immediate Challenges for the European Central Bank
Rüdiger Dornbusch , Carlo Favero and Francesco Giavazzi
6368: The Cost of Diversity: The Diversification Discount and Inefficient Investment
Raghuram G. Rajan , Henri Servaes and Luigi Zingales
6367: Has the Business Cycle Been Abolished?
Victor Zarnowitz
6366: The Introduction of Pharmaceutical Product Patents in India: "Heartless Exploitation of the Poor and Suffering"?
Jean O. Lanjouw
6365: Another Look at the Capitalization of Interest Subsidies: Evidence from Sweden
Tommy Berger , Peter Englund , Patric H. Hendershott and Bengt Turner
6364: Democracies Pay Higher Wages
Dani Rodrik
6363: Incentives and Social Capital: Are Homeowners Better Citizens?
Denise DiPasquale and Edward Ludwig Glaeser
6362: School Quality and the Longer-Term Effects of Head Start
Janet Currie and Duncan Thomas
6361: Do Sentencing Guidelines Raise the Cost of Punishment?
Jose Meade and Joel Waldfogel
6360: Capturing Technological Opportunity via Japan's Star Scientists: Evidence from Japanese Firms' Biotech Patents and Products
Lynne G. Zucker and Michael Darby
6359: Alcohol Regulation and Violence Towards Children
Sara Markowitz and Michael Grossman
6358: Institutional Arrangements and Fiscal Performance: The Latin American Experience
Ernesto Stein , Ernesto Talvi and Alejandro Grisanti
6357: The Structure of Wages and Investment in General Training
Daron Acemoglu and Jorn-Steffen Pischke