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NBER Working Papers
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3130: Unit Roots in Real GNP: Do We Know, and Do We Care?
Lawrence J. Christiano and Martin Eichenbaum
3129: International Differences in Capital Taxation and Corporate Borrowing Behavior: Evidence from the U.S. Withholding Tax
Leslie E. Papke
3128: Endogenous Election Timings and Political Business Cycles in Japan
Takatoshi Ito
3127: The Evolution of Unjust-Dismissal Legislation in the United States
Alan B. Krueger
3126: The Information in the Longer Maturity Term Structure about Future Inflation
Frederic Mishkin
3125: A Multi-Country Study of the Information in the Term Structure about Future Inflation
Frederic Mishkin
3124: International Monetary Instability Between the Wars: Structural Flaws or Misguided Policies?
Barry Julian Eichengreen
3123: The Effects of Immigration on the Labor Market Outcomes of Natives
Joseph G. Altonji and David E. Card
3122: The Gold Standard Since Alec Ford
Barry Julian Eichengreen
3121: Debt Write-Downs and Debt-Equity Swaps in the Two Sector Model
Linda S. Goldberg and Mark M Spiegel
3120: Economic Growth in a Cross Section of Countries
Robert J. Barro
3119: The Growth Effects of 1992
Richard Baldwin
3118: The Non-Optimality of Optimal Trade Policy: The U.S. Automobile Indust ry Revisited, 1979-1985
Kala Krishna , Kathleen Hogan and Phillip Lee Swagel
3117: Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods
John B. Taylor and Harald Uhlig
3116: Investment, Finacial Factors and Cash Flow: Evidence From UK Panel Data
Michael P. Devereux and Fabio Schiantarelli
3115: AIL Theory and the Ailing Phillips Curve: A Contract Based Approach to Aggregate Supply
Roger E. A. Farmer
3114: Introducing Risky Housing and Endogenous Tenure Choice into Portfolio- Based General Equilibrium Models
Patric H. Hendershott and Yunhi Won
3113: Social Security and the Determinants of Full and Partial Retirement: A Competing Risks Analysis
Glenn T. Sueyoshi
3112: Capital Controls and International Trade Finance
Alberto Giovannini and Jan Won Park
3111: Corporate Payouts and the Tax Price of Corporate Retentions: Evidence from the Undistributed Profits Tax of 1936-1938
Robert Glenn Hubbard and Peter C. Reiss
3110: The Stolper-Samuelson Theorem Reconsidered: An Example of Ricardian Dynamic Trade Effects
Richard Baldwin
3109: Asset Prices and Interest Rates in Cash-In-Advance Models
Alberto Giovannini and Pamela Labadie
3108: Striking for a Bargain Between Two Completely Informed Agents
Raquel Fernandez and Jacob Glazer
3107: Liquidity Constraints in Production Based Asset Pricing Models
William A. Brock and Blake Lebaron
3106: An Equilibrium Theory of Excess Volatility and Mean Reversion in Stock Market Prices
Alan J. Marcus
3105: A Shred of Evidence on Theories of Wage Stickiness
Alan S. Blinder and Don H. Choi
3104: The Fisherian Time Preference and the Ebolution of Capital Ownership Patterns in a Global Economy
Kyoji Fukao and Koichi Hamada
3103: World Integration, Competitive and Bargaining Regimes Switch: an Exploration
Joshua Aizenman
3102: Inflationary Expectations and Price Setting Behavior
Ray C. Fair
3101: Pension Funds and Financial Innovation
Zvi Bodie
3100: The McKibbin-Sachs Global Model: Theory and Specifications
Warwick J. McKibbin and Jeffrey D. Sachs
3099: Quality Ladders in the Theory of Growth
Gene Grossman and Elhanan Helpman
3098: Increasing Returns and New Developments in the Theory of Growth
Paul Michael Romer
3097: The Comparative Performance of Fixed and Flexible Exchange Rate Regimes: Interwar Evidence
Barry Julian Eichengreen
3096: The Capital Levy in Theory and Practice
Barry Julian Eichengreen
3095: The Effects of Changes in Tax Laws on Corporate Reorganization Activity
Myron S. Scholes and Mark A. Wolfson
3094: Employee Stock Ownership Plans and Corporate Restructuring: Myths and Realities
Myron S. Scholes and Mark A. Wolfson
3093: Decentralized Investment Banking: The Case of Discount Dividend-Reinve stment and Stock-Purchase Plans
Myron S. Scholes and Mark A. Wolfson
3092: Converting Corporations to Partnerships through Leverage: Theoretical and Practical Impediments
Myron S. Scholes and Mark A. Wolfson
3091: Intrinsic Bubbles: The Case of Stock Prices
Kenneth A. Froot and Maurice Obstfeld
3090: Consumption Growth Parallels Income Growth: Some New Evidence
Christopher Carroll and Lawrence H. Summers
3089: Incentive Effects of Workers' Compensation Insurance
Alan B. Krueger
3088: Financial Integration, Liquidity and Exchange Rates
Vittorio Grilli and Nouriel Roubini
3087: Changing the Social Security Rules for Workers over 65: Proposed Policies and Their Effects
Alan L. Gustman and Thomas L. Steinmeier
3086: The Stampede Toward Defined Contribution Pension Plans: Fact or Fiction?
Alan L. Gustman and Thomas L. Steinmeier
3085: Evaluating Pension Policies in a Model with Endogeous Contributions
Alan L. Gustman and Thomas L. Steinmeier
3084: Explaining Pension Dynamics
Rebecca A. Luzadis and Olivia S. Mitchell
3083: Collateral, Rationing and Government Intervention in Credit Markets
William Glenn Gale
3082: Health Benefits of Increases in Alcohol and Cigarette Taxes
Michael Grossman
3081: Wage and Employment Uncertainty and the Labor Force Participation Decisions of Married Women
Francine Blau and Adam J. Grossberg
3080: Optimal Incentives to Domestic Investment in the Presence of Capital Flight
Assaf Razin and Efraim Sadka
3079: Bank Monitoring and Investment: Evidence from the Changing Structure of Japanese Corporate Banking Relationships
Takeo Hoshi , Anil K Kashyap and David Scharfstein
3078: Tax Compliance: An Investigation Using Individual TCMP Data
Helen V. Tauchen , Ann Dryden Witte and Kurt J. Beron
3077: Economic and Financial Determinants of Oil and Gas Exploration Activity
Peter C. Reiss
3076: Distance, Demand, and Oligopoly Pricing
Robert C. Feenstra and James Levinsohn
3075: Israel's Crisis and Economic Reform: A Historical Perspective
Michael Bruno
3074: Consistent Valuation and Cost of Capital Expressions with Corporate and Personal TAxes
Robert A. Taggart
3073: Election Polls, Free Trade, and the Stock Market: Evidence from the Canadian General Election
James A. Brander
3072: Moderating Elections
Alberto Alesina and Howard Rosenthal
3071: Trade Adjustment Assistance: Welfare and Incentive Effects of Payments to Displaced Workers
James A. Brander and Barbara Spencer
3070: Taxation of Foreign-Owned Land
James A. Brander
3069: The Impact of the Mariel Boatlift on the Miami Labor Market
David E. Card
3068: Managing Exchange Rate Crises: Evidence from the 1890's
Vittorio Grilli
3067: Nominal Exchange Rate Regimes and the Real Exhange Rate, Evidence from the U.S. and Britain, 1885-1986
Vittorio U. Grilli and Graciela Laura Kaminsky
3066: Endogenous Exchange Rate Regime Switches
Gabriel de Koch and Vittorio Grilli
3065: Firms' Choice of Method of Pay
Charles Brown
3064: What is the Marginal Source of Funds for Foreign Investment?
Joosung Jun
3063: How Rational Is the Purchase of Life Insurance?
Alan Auerbach and Laurence J. Kotlikoff
3062: Specific Versus General Enforcement of Law
Steven Shavell
3061: A Note on Optimal Deterrence When Individuals Choose Among Harmful Acts
Steven Shavell
3060: Interest Rate Term Premiums and the Failure of the Speculative Efficiency Hypothesis: A Theoretical Investigation
Carol Osler
3059: Judging Factor Abundance
Harry P. Bowen and Leo Sveikauskas
3058: The Politics of Intergenerational Redistribution
Guido Tabellini
3057: Recent Trade Liberalization in the Developing World: What is Behind It, and Where is it Headed?
John Whalley
3056: Taxing International Income: An Analysis of the U.S. System and Its Economic Premises
David F. Bradford and Hugh J. Ault
3055: Synthetic Eurocurrency Interest Rate Futures Contracts: Theory and Evidence
Annie Koh and Richard M. Levich
3054: Optimal Advice for Monetary Policy
Susanto Basu , Miles Spencer Kimball , N. Gregory Mankiw and David N. Weil
3053: Why are Stabilizations Delayed?
Alberto Alesina and Allan Drazen
3052: Alcohol Advertising Bans and Alcohol Abuse: An International Perspective
Henry Saffer
3051: Testing for Contracting Effects on Employment
Mark Joseph Bils
3050: Cyclical Pricing of Durable Goods
Mark Joseph Bils
3049: U.S. Tax Policy and Direct Investment Abroad
Joosung Jun
3048: Tax Policy and International Direct Investment
Joosung Jun
3047: Targets, Indicators, and Instruments of Monetary Policy
Bennett McCallum
3046: Is the Extended Family Altruistically Linked? Direct Tests Using Micro Data
Joseph G. Altonji , Fumio Hayashi and Laurence J. Kotlikoff
3045: Does Monetary Policy Matter? Narrative Versus Structural Approaches
Ray C. Fair
3044: Leadership and Cooperation in the European Monetary System: A Simulation Approach
Nouriel Roubini
3043: Labor Supply Flexibility and Portfolio Choice
Zvi Bodie and William Samuelson
3042: Tax Effects on Foreign Direct Investment in the United States: Evidence from a Cross-Country Comparison
Joel Slemrod
3041: Dynamic Factor Demand Models, Productivity Measurement, and Rates of Return: Theory and an Empirical Application to the U.S. Bell System
M. Ishaq Nadiri and Ingmar R. Prucha
3040: An Explanation of the Behavior of Personal Savings in the United States in Recent Years
Eytan Sheshinski and Vito Tanzi
3039: Do Firms Care Who Provides their Financing?
Jeffrey Mackie-Mason
3038: Optimal Taxation and Optimal Tax Systems
Joel Slemrod
3037: Interest Rates in the Reagan Years
Patric H. Hendershott and Joe Peek
3036: Treasury Bill Rates in the 1970s and 1980s
Patric H. Hendershott and Joe Peek
3035: An Analysis of the Earnings of Canadian Immigrants
David Bloom and Morley Gunderson
3034: Invariance Properties of Solow's Productivity Residual
Robert Ernest Hall
3033: The Role of External Economies in U.S. Manufacturing
Ricardo J. Caballero and Richard K. Lyons
3032: Copycatting: Fiscal Policies of States and Their Neighbors
Anne Case , James R. Hines and Harvey Rosen
3031: Monopsony Power in the Market for Nurses
Daniel G. Sullivan