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NBER Working Papers
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5156: Liberalized Portfolio Capital Inflows in Emerging Capital Markets: Sterilization, Expectations, and the Incompleteness of Interest Rate Convergence
Jeffrey Alexander Frankel and Chudozie Okongwu
5155: The Taxation of Two Earner Families
Martin S. Feldstein and Daniel Richard Feenberg
5154: What do the VARs Mean?: Measuring the Output Effects of Monetary Policy
John H. Cochrane
5153: Death and Tobacco Taxes
Michael J. Moore
5152: Habit and Heterogeneity in the Youthful Demand for Alcohol
Michael J. Moore and Philip J Cook
5151: Technological Diffusion, Convergence, and Growth
Robert J. Barro and Xavier Sala--Martin
5150: Would Reducing Tenure Probabilities Increase Faculty Salaries?
Ronald G. Ehrenberg , Paul Jay Pieper and Rachel A. Willis
5149: Does Welfare Play Any Role in Female Headship Decisions?
Hilary Williamson Hoynes
5148: Does the AIDS Epidemic Really Threaten Economic Growth?
David Bloom and Ajay Mahal
5147: Tax Subsidies to Employer-Provided Health Insurance
Jonathan Gruber and James Poterba
5146: Inside the Black Box: The Credit Channel of Monetary Policy Transmission
Ben S. Bernanke and Mark L. Gertler
5145: Measuring Monetary Policy
Ben S. Bernanke and Ilian Mihov
5144: Intraschool Variation in Class Size: Patterns and Implications
Michael Boozer and Cecilia Rouse
5143: The Paradox of Liquidity
Stewart C. Myers and Raghuram G. Rajan
5142: The Collapse of the Mexican Peso: What Have We Learned?
Jeffrey Sachs , Aaron Tornell and Andres Velasco
5141: Economic Implications of Changing Share Ownership
Benjamin M. Friedman
5140: A Center-Periphery Model of Monetary Coordination and Exchange Rate Crises
Willem Hendrik Buiter , Giancarlo Corsetti and Paolo A. Pesenti
5139: Investment, Pass-Through and Exchange Rates: A Cross-Country Comparison
Jose Manuel Campa and Linda S. Goldberg
5138: How Much Better is Bigger, Faster & Cheaper? Buyer Benefits from Innovation in Mainframe Computers in the 1980s
Kenneth Brown and Shane Mitchell Greenstein
5137: Do Labor Rents Justify Strategic Trade and Industrial Policy?
William T. Dickens
5136: How Does Privatization Work? Evidence from the Russian Shops
Nicholas Barberis , Maxim Boycko , Andrei Shleifer and Natalia Tsukanova
5135: Factor Mobility and Income Growth: Two Convergence Hypotheses
Assaf Razin and Chi-Wa Yuen
5134: The Relationship between State and Federal Tax Audits
James Alm , Brian Erard and Jonathan Feinstein
5133: Measuring Gross Worker and Job Flows
Steven J. Davis and John Haltiwanger
5132: The Law of One Price Over 700 Years
Kenneth A. Froot , Michael Kim and Kenneth S Rogoff
5131: Sovereign Debt
Jonathan Eaton and Raquel Fernandez
5130: Financial Intermediation and The Great Depression: A Multiple Equilibrium Interpretation
Russell Cooper and João Miguel Ejarque
5129: Testing Option Pricing Models
David S. Bates
5128: GARCH Gamma
Robert F. Engle and Joshua Rosenberg
5127: Are Lots of College Graduates Taking High School Jobs? A Reconsiderationof the Evidence
John H. Tyler , Richard J. Murnane and Frank Levy
5126: Differential Mortality and Wealth Accumulation
Orazio Attanasio and Hilary Williamson Hoynes
5125: Capital Utilization and Returns to Scale
Craig Burnside , Martin Eichenbaum and Sergio T Rebelo
5124: The Role of Pre-Market Factors in Black-White Wage Differences
Derek A. Neal and William R. Johnson
5123: Employment, Unemployment, and Problem Drinking
John Mullahy and Jody L. Sindelar
5122: Foreign Direct Investment and Relative Wages: Evidence from Mexico's Maquiladoras
Robert C. Feenstra and Gordon Hanson
5121: Foreign Investment, Outsourcing and Relative Wages
Robert C. Feenstra and Gordon Hanson
5120: Capital Mobility, Fiscal Policy and Growth under Self-Financing of Human Capital Formation
Willem Hendrik Buiter and Kenneth Kletzer
5119: The Effect of Prison Population Size on Crime Rates: Evidence From Prison Overcrowding Litigation
Steven Levitt
5118: Effects of Air Quality Regulation
J. Vernon Henderson
5117: Costs of Environmentally Motivated Taxes in the Presence of Other Taxes:General Equilibrium Analyses
Lans Bovenberg and Lawrence H. Goulder
5116: Economics of the Generation and Management of Municipal Solid Waste
David N. Beede and David E. Bloom
5115: A Provincial View of Capital Mobility
Tamim A Bayoumi and Michael W. Klein
5114: A Heckscher-Ohlin View of Sweden Competing in the Global Market
Edward E. Leamer and Per A. H. Lundborg
5113: Privatization in the United States
Florencio Lopez- de-Silane , Andrei Shleifer and Robert W. Vishny
5112: Open Economy Forces and Late 19th Century Scandinavian Catch-Up
O'Rourke, Kevin H. and Jeffrey Gale Williamson
5111: What is the Value-Added for Large U.S. Banks in Offering Mutual Funds?
Edward J. Kane
5110: Trade, Technology, and Wage Inequality
Gordon Hanson and Ann E. Harrison
5109: American Fiscal Policy in the 1990's
Herschel . Grossman
5108: Fixed versus Flexible Exchange Rates: Which Provides More Fiscal Discipline?
Aaron Tornell and Andres Velasco
5107: Technological Change and the Skill Acquisition of Young Workers
Ann P. Bartel and Nachum Sicherman
5106: The Use of Replacement Workers in Union Contract Negotiations: The U.S. Experience, 1980-1989
Peter Cramton and Joseph Tracy
5105: The Effect of Collective Bargaining Legislation on Strikes and Wages
Peter Cramton , Morley Gunderson and Joseph Tracy
5104: Axiomatic and Economic Approaches to Elementary Price Indexes
Walter Erwin Diewert
5103: Price and Volume Measures in the System of National Accounts
Walter Erwin Diewert
5102: Wages and Foreign Ownership: A Comparative Study of Mexico, Venezuela and the United States
Brian Aitken , Ann E. Harrison and Robert E. Lipsey
5101: Internal Capital Markets and the Competition for Corporate Resources
Jeremy C. Stein
5100: Banks and Derivatives
Gary Gorton and Richard Rosen
5099: Transfer Behavior within the Family: Results from the Asset and Health Dynamics Survey
Kathleen McGarry and Robert F. Schoeni
5098: Globalization and the Inequality of Nations
Paul R. Krugman and Anthony J. Venables
5097: Why are Saving Rates so Different Across Countries?: An International Comparative Analysis
Sebastian Edwards
5096: Financial Innovation and the Management and Regulation of Financial Institutions
Robert C. Merton
5095: World Income Components: Measuring and Exploiting International Risk Sharing Opportunities
Robert J. Shiller and Stefano Athanasoulis
5094: Sectoral Growth Across U.S. States: Factor Content, Linkages, and Trade
J. David Richardson and Pamela J. Smith
5093: Labor Market Institutions and the Distribution of Wages, 1973-1992: A Semiparametric Approach
John Enrico DiNardo , Nicole M. Fortin and Thomas Lemieux
5092: The Effects of Minimum Wages on Teenage Employment and Enrollment: Evidence from Matched CPS Surveys
David Neumark and William Wascher
5091: Optimal Investment with Costly Reversibility
Andrew Abel and Janice Eberly
5090: Generational Accounting in General Equilibrium
Hans Fehr and Laurence J. Kotlikoff
5089: The Annuitization of Americans' Resources: A Cohort Analysis
Alan Auerbach , Jagadeesh Gokhale , Laurence J. Kotlikoff , John Sabelhaus and David N. Weil
5088: The Distributional Effects of the Tax Treatment of Child Care Expenses
William M. Gentry and Alison P. Hagy
5087: Generational Accounts, Aggregate Saving and Intergenerational Distribution
Willem Hendrik Buiter
5086: Supply-Side Economics in a Global Economy
Enrique G. Mendoza and Linda L. Tesar
5085: Settling for Coupons: Discount Contracts as Compensation and Punishment in Antitrust Lawsuits
Severin Borenstein
5084: Free Trade Agreements versus Customs Unions
Anne O. Krueger
5083: Credit Cycles
Nobuhiro Kiyotaki and John Moore
5082: Does Public Insurance Crowd Out Private Insurance?
David M. Cutler and Jonathan Gruber
5081: Is There a Tradeoff between Unemployment and Productivity Growth?
Robert J. Gordon
5080: An Empirical Examination of the Fisher Effect in Australia
Frederic Mishkin and John Simon
5079: Benefits of Control, Managerial Ownership, and the Stock Returns of Acquiring Firms
Robert Glenn Hubbard and Darius Palia
5078: Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate
Karl E. Case , Robert J. Shiller and Allan N. Weiss
5077: Product Quality and Worker Quality
John M. Abowd , Francis Kramarz and Antoine Moreau
5076: The Growing Importance of Cognitive Skills in Wage Determination
Richard J. Murnane , John B. Willett and Frank Levy
5075: Two Fallacies Concerning Central Bank Independence
Bennett McCallum
5074: Endogenous Mortgage Choice, Borrowing Constraints and the Tenure Decision
William C. LaFayette , Donald Richard Haurin and Patric H. Hendershott
5073: Are Apparent Productive Spillovers a Figment of Specification Error?
Susanto Basu and John Fernald
5072: The Effects of School and Family Characteristics on the Return to Education
Joseph G. Altonji and Thomas A. Dunn
5071: Selling Price and Selling Time: The Impact of Seller Motivation
Michel Glower , Donald Richard Haurin and Patric H. Hendershott
5070: Wealth Accumulation and Housing Choices of Young Households: An Exploratory Investigation
Donald Richard Haurin , Susan M. Wachter and Patric H. Hendershott
5069: Debt Usage and Mortgage Choice: Sensitivity to Default Insurance Costs
Patric H. Hendershott and William C. LaFayette
5068: Universities as a Source of Commercial Technology: A Detailed Analysis of University Patenting 1965-1988
Rebecca M. Henderson , Adam Jaffe and Manuel Trajtenberg
5067: Production Functions: The Search for Identification
Zvi Griliches and Jacques MAIRESSE
5066: The Effect of Medicaid Abortion Funding Restrictions on Abortions, Pregnancies, and Births
Phillip B. Levine , Amy B. Trainor and David John Zimmerman
5065: Parental Leave Policies in Europe and North America
Christopher Ruhm and Jackqueline L. Teague
5064: Modern Approaches to Central Banking
Stanley Fischer
5063: Product Development and the Timing of Information Disclosure under U.S.and Japanese Patent Systems
Reiko Aoki and Thomas J. Prusa
5062: Cumulation and ITC Decision-Making: The Sum of the Parts is Greater thanthe Whole
Wendy L. Hansen and Thomas J. Prusa
5061: Exact Hedonic Price Indexes
Robert C. Feenstra
5060: Government Interventions and Productivity Growth in Korean ManufacturingIndustries
Jong-Wha Lee
5059: Public R&D Policies and Cost Behavior of the US Manufacturing Industries
Theofanis P. Mamuneas and M. Ishaq Nadiri
5058: Is Workers' Compensation Covering Uninsured Medical Costs? Evidence fromthe `Monday Effect'
David E. Card and Brian McCall
5057: How Does Foreign Direct Investment Affect Economic Growth?
Eduardo Borensztein , Jose De Gregorio and Jong-Wha Lee