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NBER Working Papers
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2830: Wages, Employer Costs, and Employee Performance in the Firm
Harry J. Holzer
2829: The Equity Premium Puzzle and the Riskfree Rate Puzzle
Philippe Weil
2828: Exchange Rate Hysteresis: The Real Effects of Large vs Small Policy Misalignments
Richard Baldwin and Richard K. Lyons
2827: Pregnancy Resolution as an Indicator of Wantedness and its Impact on the Initiation of Early Prenatal Care
Ted Joyce and Michael Grossman
2826: The General Equilibrium Effects of Inflation on Housing Consumption and Investment
James Berkovec and Don Fullerton
2825: Money Stock Targeting, Base Drift and Price-Level Predictability: Lessons From the U.K. Experience
Michael David Bordo , Ehsan U. Choudhri and Anna Jacobson Schwartz
2824: Risk Aversion and Intertemporal Substitution in the Capital Asset Pricing Model
Alberto Giovannini and Philippe Weil
2823: Money, Credit, and Business Fluctuations
Joseph E. Stiglitz
2822: Money, Time Preference and External Balance
Philippe Weil
2821: On The Possibility of Price Decreasing Bubbles
Philippe Weil
2820: Imperfect Annuity Markets, Unintended Bequests, and the Optimal Age Structure of Social Security Benefits
Martin S. Feldstein
2819: Budget Deficits, Tax Incentives and Inflation: A Surprising Lesson From The 1983-84 Recovery
Martin S. Feldstein and Douglas W. Elmendorf
2818: A Markov Model of Heteroskedasticity, Risk, and Learning in the Stock Market
Christopher M. Turner , Richard Startz and Charles R. Nelson
2817: On the Divergence in Unionism among Developed Countries
Richard B. Freeman
2816: The Health and Earnings of Rejected Disability Insurance Applicants
John Bound
2815: Should Nations Learn to Live With Inflation?
Stanley Fischer and Lawrence H. Summers
2814: Tax Policy, Housing Prices, and Housing Investment
Lawrence H. Goulder
2813: A Behavioral Approach to Compliance: OSHA Enforcement's Impact on Workplace Accidents
Wayne B. Gray and John T. Scholz
2812: Major Macroeconomic Variables and Leading Indexes: Some Estimates of Their Interrelations, 1886-1982
Victor Zarnowitz and Phillip A. Braun
2811: Exchange Rate Variability And Asset Trade
Torsten Persson and Lars E. O. Svensson
2810: If Labor is Inelastic, Are Taxes Still Distorting?
Don Fullerton
2809: Comparative Advantage and Long-Run Growth
Gene Grossman and Elhanan Helpman
2808: A Dynamic Analysis of Household Dissolution and Living Arrangement Transitions by Elderly Americans
Axel Borsch-Supan
2807: The Excess Smoothness of Consumption: Identification and Interpretation
Marjorie A. Flavin
2806: Initial Public Offerings: Investor Behavior and Underpricing
Robert J. Shiller
2805: Employer Behavior in the Face of Union Organizing Drives
Richard B. Freeman and Morris M. Kleiner
2804: Demographic Analysis of Birthweight-Specific Neonatal Mortality
Hope Corman , Michael Grossman and Ted Joyce
2803: The Joint Retirement Decision of Husbands and Wives
Michael D. Hurd
2802: Adjusting to an Aging Labor Force
Edward Lazear
2801: Fear of Nuclear War and Intercountry Differences in the Rate of Saving
Joel Slemrod
2800: Shirking or Productive Schmoozing: Wages and the Allocation of Time at Work
Daniel Hamermesh
2799: Markups in U.S. and Japanese Manufacturing: A Short Run Econometric Analysis
Catherine J. Morrison Paul
2798: Why Does Stock Market Volatility Change Over Time?
G. William Schwert
2797: The Dynamics of an Aging Population: The Case of Four OECD Countries
Alan Auerbach , Laurence J. Kotlikoff , Robert Hagemann and Giuseppe Nicoletti
2796: The Effectiveness of Foreign-Exchange Intervention: Recent Experience
Maurice Obstfeld
2795: Mean Reversion in Stock Prices? A Reappraisal of the Empirical Evidence
Myung Jig Kim , Charles R. Nelson and Richard Startz
2794: The Baby Boom, The Baby Bust, and the Housing Market
N. Gregory Mankiw and David N. Weil
2793: Inflation, Index-Linked Bonds, and Asset Allocation
Zvi Bodie
2792: Retrospective Capital Gains Taxation
Alan Auerbach
2791: The Japanese Tax Reform and the Effective Rate of Tax on Japanese Corporate Investments
John B. Shoven
2790: Notes on Credibility and Stabilization
Rüdiger Dornbusch
2789: Substitution over Time in Work and Consumption
Robert Ernest Hall
2788: Estimating The Age-Productivity Profile Using Lifetime Earnings
Laurence J. Kotlikoff
2787: The Dynamics of Living Arrangements of the Elderly
Axel Borsch-Supan , Laurence J. Kotlikoff and John N. Morris
2786: Can The European Monetary System Be Copied Outside Europe? Lessons From Ten Years of Monetary Policy Coordination In Europe
Francesco Giavazzi and Alberto Giovannini
2785: Credibility, Debt and Unemployment: Ireland's Failed Stabilization
Rüdiger Dornbusch
2784: Forecasting Pre-World War I Inflation: The Fisher Effect Revisited
Robert Barsky and J. Bradford De Long
2783: Implications of the Illinois Reemployment Bonus Experiments For Theories of Unemployment and Policy Design
Bruce D. Meyer
2782: The Determinants of Employee Productivity and Earnings: Some New Evidence
Harry J. Holzer
2781: Tariffs, Capital Accumulation, and the Current Account in a Small Open Economy
Partha Sen and Stephen J Turnovsky
2780: Asset Prices and Time-Varying Risk
Robert P. Flood
2779: A Bequest-Constrained Economy: Welfare Analysis
Marc Nerlove , Assaf Razin and Efraim Sadka
2778: Seigniorage in Europe
Vittorio U. Grilli
2777: Offset and Sterilization Under Fixed Exchange Rates With An Optimizing Central Bank
Nouriel Roubini
2776: Production Based Asset Pricing
John H. Cochrane
2775: Real Exchange Rates and Macroeconomics: A Selective Survey
Rüdiger Dornbusch
2774: Portfolio Choice and Asset Pricing With Nontraded Assets
Lars E. O. Svensson
2773: Current Account and Budget Deficits in an Intertemporal Model of Consumption and Taxation Smoothing. A Solution to the "Feldstein-Horioka Puzzle"?
Nouriel Roubini
2772: A Probability Model of The Coincident Economic Indicators
James H. Stock and Mark W. Watson
2771: The Simple Analytics of Debt-Equity Swaps
Elhanan Helpman
2770: Monetary Policy Strategies
Robert P. Flood and Peter Isard
2769: Intellectual Property Rights and North-South Trade
Judith C. Chin and Gene Grossman
2768: Unexpected Inflation, Real Wages, and Employment Determination in Union Contracts
David E. Card
2767: Sovereign Debt Buybacks Can Lower Bargaining Costs
Julio Rotemberg
2766: How Do Fixed-Exchange-Rates Regimes Work: The Evidence From The Gold Standard, Bretton Woods and The EMS
Alberto Giovannini
2765: Production, Sales, and the Change in Inventories: An Identity That Doesn`t Add Up
Jeffrey A Miron and Stephen P. Zeldes
2764: Bank Runs in Open Economies and The International Transmission of Panics
Peter M. Garber and Vittorio U. Grilli
2763: Financial Capacity, Reliquification, and Production in an Economy with Long-Term Financial Arrangements
Mark L. Gertler
2762: Mean Reversion in Equilibrium Asset Prices
Stephen Cecchetti , Pok-sang Lam and Nelson C. Mark
2761: Differences In Income Elasticities and Trends in Real Exchange Rates
Paul R. Krugman
2760: The Effect of Multinational Firms' Operations on Their Domestic Employment
Irving B. Kravis and Robert E. Lipsey
2759: Voting on the Budget Deficit
Alberto Alesina and Guido Tabellini
2758: Financial Factors in Business Fluctuations
Mark L. Gertler and Robert Glenn Hubbard
2757: Theoretical Developments in the Light of Macroeconomic Policy and Empirical Research
Michael Bruno
2756: A Theory of Managed Trade
Kyle Bagwell and Robert W. Staiger
2755: Comparisons Between Public and Private Sector Union Wage Differentials: Does the Legal Environment Matter?
Joseph Tracy
2754: Testing Strategic Bargaining Models Using Stock Market Data
Joseph Tracy
2753: Altruism, Rivalry and Crowding-Out in the Nonprofit Firm's Supply of Charity Services: The Case of Hospitals
Richard G. Frank and David S. Salkever
2752: Pension Fund Investment Policy
Zvi Bodie
2751: Coalitions in the Uruguay Round: The Extent, Pros and Cons of Developing Country Participation 1,2
Colleen Hamilton and John Whalley
2750: Commodity Prices as a Leading Indicator of Inflation
James M. Boughton and William H. Branson
2749: Costs and Benefits of Prenatal Screening For Cystic Fibrosis
Alan M. Garber and Joseph P. Fenerty
2748: The Behavior of Home Buyers in Boom and Post-Boom Markets
Karl E. Case and Robert J. Shiller
2747: Marriage Bars: Discrimination Against Married Women Workers, 1920's to 1950's
Claudia Goldin
2746: Unobservables, Pregnancy Resolutions, and Birthweight Production Functions in New York City
Michael Grossman and Ted Joyce
2745: Government Subsidies to Private Military R&D Investment: DOD's IR&D Policy
Frank Lichtenberg
2744: Human Resource Policies and Union-Nonunion Productivity Differences
Steven Allen
2743: The Political Economy of War Debts and Inflation
Herschel . Grossman
2742: Does the Harberger Model Greatly Understate the Excess Burden of the Corporate Tax? - Another Model Says Yes
Jane G. Gravelle and Laurence J. Kotlikoff
2741: The Impact of the Potential Duration of Unemployment Benefits on the Duration of Unemployment
Lawrence F. Katz and Bruce D. Meyer
2740: Management of a Common Currency
Alessandra Casella and Jonathan Feinstein
2739: Can Inter-Industry Wage Differentials Justify Strategic Trade Policy?
Lawrence F. Katz and Lawrence H. Summers
2738: Latin America's Intraregional Trade: Evolution and Future Prospects
Sebastian Edwards and Miguel Savastano
2737: The Dynamic Effects of Aggregate Demand and Supply Disturbances
Olivier Blanchard and Danny Quah
2736: Multicountry Modeling of Financial Markets
Jon Cockerline , John F. Helliwell and Robert Lafrance
2735: Making Bequests Without Spoiling Children: Bequests as an Implicit Optimal Tax Structure and the Possibility That Altruistic Bequests are not Equaliz
Laurence J. Kotlikoff and Assaf Razin
2734: Why Don't the Elderly Live With Their Children? A New Look
Laurence J. Kotlikoff and John Morris
2733: Are Estimated Tax Elasticities Really Just Tax Evasion Elasticities? The Case of Charitable Contributions
Joel Slemrod
2732: Technical Change, Learning, and Wages
Ann P. Bartel and Frank Lichtenberg
2731: Inflation, External Debt and Financial Sector Reform: A Quantitative Approach To Consistent Fiscal Policy With An Application to Turkey
Ritu Anand and Sweder van Wijnbergen