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NBER Working Papers
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6256: The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise?
Shang-Jin Wei and Jungshik Kim 6255: Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills
Shang-Jin Wei 6254: Monetary Policy Rules in Practice: Some International Evidence
Richard H. Clarida , Jordi Gali and Mark L. Gertler 6253: Technology and Bilateral Trade
Jonathan Eaton and Samuel Kortum 6252: I Just Ran Four Million Regressions
Xavier Sala--Martin 6251: On the Superiority of Corrective Taxes to Quantity Regulation
Louis Kaplow and Steven Shavell 6250: Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model
Dimitris Bertsimas , Leonid Kogan and Andrew W. Lo 6249: Persistence of Medicare Expenditures Among Elderly Beneficiaries
Alan M. Garber , Thomas E. MaCurdy and Mark B. McClellan 6248: Simulating U.S. Tax Reform
David Altig , Alan Auerbach , Laurence J. Kotlikoff , Kent Smetters and Jan Walliser 6247: Capital Mobility and Exchange Market Intervention in Developing Countries
Michael Dooley , Donald J. Mathieson and Liliana Rojas-Suarez 6246: Explaining National Differences in the Size and Industry Distribution of Employment
Steven J. Davis and Magnus Henrekson 6245: Consumer Beliefs and Buyer and Seller Behavior in the Vehicle Inspection Market
Thomas N. Hubbard 6244: Growth, Distribution and Demography: Some Lessons from History
Jeffrey Gale Williamson 6243: International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns
John M. Griffin and René M. Stulz 6242: Impact of a Managed Behavioral Health Care Carve-Out: A Case Study of One HMO
Anne E. Brisson , Richard G. Frank , Elizabeth S. Notman and Julie A. Gazmararian 6241: Foreign Direct Investment as a Catalyst for Industrial Development
James R. Markusen and Anthony J. Venables 6240: Projected Retirement Wealth and Savings Adequacy in the Health and Retirement Study
James F. Moore and Olivia S. Mitchell 6239: Higher Tariffs, Lower Revenues? Analyzing the Fiscal Aspects of the "Great Tariff Debate of 1888"
Douglas A. Irwin 6238: Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation
Jun-Koo Kang and René M. Stulz 6237: State Fiscal Institutions and the U.S. Municipal Bond Market
James Poterba and Kim Rueben 6236: Finance and Development in an Emerging Market: Argentina and the Interwar Period
Gerardo della Paolera and Alan M. Taylor 6235: Firm-level Evidence on Productivity Differentials, Turnover, and Exports in Taiwanese Manufacturing
Bee Yan Aw , Xiaomin Chen and Mark J. Roberts 6234: The Determinants and Implications of Corporate Cash Holdings
Tim Opler , Lee Pinkowitz , René M. Stulz and Rohan Williamson 6233: A Strategy for Launching the Euro
Maurice Obstfeld 6232: Liberalization and Incentives for Labor Migration: Theory with Applications to NAFTA
James R. Markusen and Steven Zahniser 6231: Trade versus Investment Liberalization
James R. Markusen 6230: Business Cycles Observed and Assessed: Why and How They Matter
Victor Zarnowitz 6229: The Value of Children and Immigrants in a Pay-As-You-Go Pension System: A Proposal for a Partial Transition to a Funded System
Hans-Werner Sinn 6228: Evaluating Density Forecasts of Inflation: The Survey of Professional Forecasters
Francis X. Diebold , Anthony S Tay and Kenneth Frank Wallis 6227: What Accounts for the Variation in Retirement Wealth Among U.S. Households?
B. Douglas Bernheim , Jonathan Skinner and Steven Weinberg 6226: The Surprising Symmetry of Gross Job Flows
Christopher Lee Foote 6225: Consumption vs. Production of Insurance
Tomas J Philipson and George Zanjani 6224: Both Sides of Corporate Diversification: The Value Impacts of Geographic and Industrial Diversification
Gordon M. Bodnar , Charles Tang and Joseph Weintrop 6223: Trade and Security,I: Anarchy
James E. Anderson and Douglas Marcouiller 6222: Option Hedging Using Empirical Pricing Kernels
Joshua Rosenberg and Robert F. Engle 6221: Jobless Growth: Appropriability, Factor Substitution, and Unemployment
Ricardo J. Caballero and Mohamad L. Hammour 6220: The Misallocation of Housing Under Rent Control
Edward Ludwig Glaeser and Erzo F.P. Luttmer 6219: Discount Rate Heterogeneity and Social Security Reform
Andrew Alan Samwick 6218: Gradual Incorporation of Information into Stock Prices: Empirical Strategies
Sara Fisher Ellison and Wallace P. Mullin 6217: A House of Her Own: Old Age Assistance and the Living Arrangements of Older Nonmarried Women
Dora L. Costa 6216: Trade and Environment: Bargaining Outcomes from Linked Negotiations
Lisandro Abrego , Carlo Perroni , John Whalley and Randall M. Wigle 6215: The Benefits of Privatization: Evidence from Mexico
Rafael La Porta and Florencio Lopez- de-Silane 6214: Social Security and Retirement in France
Didier BLANCHET and Louis-Paul Pele 6213: Are CEOs Really Paid Like Bureaucrats?
Brian J. Hall and Jeffrey B. Liebman 6212: Young and Out in Germany: On the Youths' Chances of Labor Market Entrance in Germany
Wolfgang Franz , Joachim Inkmann , Winfried Pohlmeier and Volker Zimmermann 6211: Free Trade vs. Strategic Trade: A Peek into Pandora's Box
Gene Grossman and Giovanni Maggi 6210: Financial Constraints and Stock Returns
Owen A. Lamont , Christopher Polk and Jesus Saa-Requejo 6209: Immigrants and Natives in General Equilibrium Trade Models
Daniel Trefler 6208: Trends in Male Labor Force Participation And Retirement: Some Evidence On The Role Of Pensions And Social Security In The 1970's And 1980's
Patricia Mary Anderson , Alan L. Gustman and Thomas L. Steinmeier 6207: Where is the Market Going? Uncertain Facts and Novel Theories
John H. Cochrane 6206: Trends in the Well-Being of American Women, 1970-1995
Francine Blau 6205: Foreign Direct Investment and Employment: Home Country Experience in the United States and Sweden
Magnus Blomstrom , Gunnar Fors and Robert E. Lipsey 6204: Stronger Protection or Technological Revolution: What is Behind the Recent Surge in Patenting?
Samuel Kortum and Josh Lerner 6203: Vertical Multinationals and Host-Country Characteristics
Kevin H. Zhang and James R. Markusen 6202: Chinese Rural Industrial Productivity and Urban Spillovers
Yusheng Peng , Lynne G. Zucker and Michael Darby 6201: Monetary Policy Regimes and Economic Performance: The Historical Record
Michael David Bordo and Anna Jacobson Schwartz 6200: Capital Income Taxes and the Benefit of Price Stability
Martin S. Feldstein 6199: Environmental Taxes and the Double-Dividend Hypothesis: Did You Really Expect Something for Nothing?
Don Fullerton and Gilbert Metcalf 6198: Schooling Quality in a Cross Section of Countries
Jong-Wha Lee and Robert J. Barro 6197: Optimal Management of Indexed and Nominal Debt
Robert J. Barro 6196: Restraining the Leviathan: Property Tax Limitation in Massachusetts
David M. Cutler , Douglas W. Elmendorf and Richard J. Zeckhauser 6195: Immigration and the Quality of Jobs
Daniel Hamermesh 6194: Adverse Selection in Durable Goods Markets
Igal Hendel and Alessandro Lizzeri 6193: The Predictive Validity of Subjective Probabilities of Survival
Michael D. Hurd and Kathleen McGarry 6192: Investment Tax Incentives, Prices, and the Supply of Capital Goods
Austan Goolsbee 6191: Juvenile Crime and Punishment
Steven Levitt 6190: Entry Decisions in the Generic Pharmaceutical Industry
Fiona M. Scott Morton 6189: Capital Income Taxation and Risk-Taking in a Small Open Economy
Patrick K. Asea and Stephen J Turnovsky 6188: Doing Without Money: Controlling Inflation in a Post-Monetary World
Michael Woodford 6187: Managed Care and Health Care Expenditures: Evidence From Medicare
Laurence C. Baker and Sharmila Shankarkumar 6186: Anonymous Market and Group Ties in International Trade
Alessandra Casella and James E. Rauch 6185: Household Portfolio Allocation Over the Life Cycle
James Poterba and Andrew Alan Samwick 6184: Procompetitive Market Access
Kala Krishna , Suddhasatwa Roy and Marie Thursby 6183: Efficient Inflation Estimation
Michael F. Bryan , Stephen Cecchetti and Rodney L. Wiggins 6182: Is Price Inflation Different for the Elderly? An Empirical Analysis of Prescription Drugs
Ernst R. Berndt , Iain M. Cockburn , Douglas L. Cocks , Arnold Epstein and Zvi Griliches 6181: Revenue Neutral Trade Reform with Many Households, Quotas and Tariffs
James E. Anderson 6180: Geographical and Sectoral Shocks in the U.S. Business Cycle
Atish Ghosh and Holger C. Wolf 6179: Implied Exchange Rate Distributions: Evidence from OTC Option Markets
Jose Manuel Campa , P.H. Kevin Chang and Robert L. Reider 6178: Retirement Wealth Accumulation and Decumulation: New Developments and Outstanding Opportunities
Olivia S. Mitchell and James F. Moore 6177: Implicit Contracts and the Theory of the Firm
George Baker , Robert Gibbons and Kevin J. Murphy 6176: To Ghetto or Not to Ghetto: Ethnicity and Residential Segregation
George Borjas 6175: Ethnicity and the Intergenerational Transmission of Welfare Dependency
George Borjas and Glenn T. Sueyoshi 6174: Real Exchange Rate Misalignments and Growth
Ofair Razin and Susan M. Collins 6173: Taxes, Organizational Form, and the Deadweight Loss of the Corporate Income Tax
Austan Goolsbee 6172: The Main Bank System and Corporate Investment: An Empirical Reassessment
Fumio Hayashi 6171: Pensions and the Distribution of Wealth
Kathleen McGarry and Andrew Davenport 6170: Price Stability vs. Low Inflation in Germany: An Analysis of Costs and Benefits
Karl-Heinz Todter and Gerhard Ziebarth 6169: Social Security and Retirement in Belgium
Pierre Pestieau and Jean-Philippe C Stijns 6168: What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)
Sergio T Rebelo 6167: The Transition in East Germany: When is a Ten Point Fall in the Gender Wage Gap Bad News?
Jennifer Hunt 6166: Implications of Skill-Biased Technological Change: International Evidence
Eli Berman , John Bound and Stephen Machin 6165: Mexico's 1994 Exchange Rate Crisis Interpreted in Light of the Non-Traded Model
Andrew M. Warner 6164: Selection, Marketing, and Medicaid Managed Care
Sherry Glied , Jane Sisk , Sheila Gorman and Michael Ganz 6163: Economic Integration and Political Disintegration
Alberto Alesina , Enrico Spolaore and Romain Wacziarg 6162: Is Real Exchange Rate Mean Reversion Caused By Arbitrage?
Jose Manuel Campa and Holger C. Wolf 6161: Does Favorable Tax-Treatment of Housing Reduce Equipment Investment?
Ben Broadbent and Michael Kremer 6160: Effects of Air Quality Regulation on in Polluting Industries
Randy A. Becker and J. Vernon Henderson 6159: Beyond Balanced Growth
Piyabha Kongsamut , Sergio T Rebelo and Danyang Xie 6158: Optimal Risk Management Using Options
Dong-Hyun Ahn , Jacob Boudoukh , Matthew Richardson and Robert F. Whitelaw 6157: Inflation Forecasts and Monetary Policy
Ben S. Bernanke and Michael Woodford
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