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NBER Working Papers
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2656: Factor Market Barriers are Trade Barriers: Gains From Trade in 1992
Richard Baldwin
2655: The Welfare Economics of Debt Service
Dani Rodrik
2654: Closing the Technology Gap: Does Trade Liberalization Really Help?
Dani Rodrik
2653: Exchange-Rate Management Viewed as Tax Policies
Jacob A. Frenkel and Assaf Razin
2652: Structural/Frictional and Demand-Deficient Unemployment in Local Labor Markets
Harry J. Holzer
2651: Pareto Inefficiency of Market Economies: Search and Efficiency Wage Models
Bruce Greenwald and Joseph E. Stiglitz
2650: The Effects of Fiscal Policy on International Imbalances: Japan and the United States
John F. Helliwell
2649: Job Mobility and the Careers of Young Men
Robert H. Topel and Michael P. Ward
2648: The International Monetary System: Developments and Prospects
Jacob A. Frenkel and Morris Goldstein
2647: The Effects of Hours Constraints on Labor Supply Estimates
Shulamit Kahn and Kevin Lang
2646: The Impact of the Agencies on Conventional Fixed-Rate Mortgage Yields
Patric H. Hendershott and James D. Shilling
2645: The Stabilization of the U.S. Economy Evidence From the Stock Market
Matthew D. Shapiro
2644: Conditionality, Debt Relief, and the Developing Country Debt Crisis
Jeffrey Sachs
2643: Tax Aversion, Optimal Tax Rates, and Indexation
Roger Waud
2642: A Test of Consumption Insurance
John H. Cochrane
2641: Liquidity and Market Structure
Sanford Jay Grossman and Merton H. Miller
2640: Performance Evaluation of Market Timers
Alex Kane and Stephen Gary Marks
2639: The Great Crash and the Onset of the Great Depression
Christina Duckworth Romer
2638: Do Tournaments Have Incentive Effects?
Ronald G. Ehrenberg and Michael L. Bognanno
2637: Sovereign Debt Restructurings: Panacea or Pangloss?
Jeremy I. Bulow and Kenneth S Rogoff
2636: Default and Renegotiation of Latin American Foreign Bonds in the Interwar Period
Erika Jorgensen and Jeffrey Sachs
2635: Savings Promotion, Investment Promotion, and International Competitiveness
Lawrence H. Goulder and Barry Julian Eichengreen
2634: Hedonic Price Indexes and the Measurement of Capital and Productivity: Some Historical Reflections
Zvi Griliches
2633: Issues in the Measurement and Interpretation of Saving and Wealth
Michael J. Boskin
2632: Do Taxes Affect Corporate Financing Decisions?
Jeffrey Mackie-Mason
2631: Nonlinear Taxation of Risky Assets and Investment, With Application to Mining
Jeffrey Mackie-Mason
2630: Smuggling, Camouflaging, and Market Structure
Richard A. Jensen , Jerry Thursby and Marie Thursby
2629: Temporary Terms of Trade Disturbances, The Real Exchange Rate and the Current Account
Sebastian Edwards
2628: Testing the Rationality of State Revenue Forecasts
Daniel Richard Feenberg , William M. Gentry , David Gilroy and Harvey Rosen
2627: Consumer Discrimination and Self-Employment
George Borjas and Stephen G. Bronars
2626: What Does the Term Structure Tell Us About Future Inflation?
Frederic Mishkin
2625: Self-fulfillment Expectations, Speculation Attacks, and Capitol Controls
Harris Dellas and Alan C. Stockman
2624: R&D, Patents, and Market Value Revisited: Is There Evidence of A SecondTechnological Opportunity Related Factor?
Zvi Griliches , Bronwyn Hughes Hall and Ariel Pakes
2623: Sovereign Debt: Is To Forgive To Forget?
Jeremy I. Bulow and Kenneth S Rogoff
2622: Data Difficulties in Labor Economics
Daniel Hamermesh
2621: Stock Prices Under Time-Varying Dividend Risk: An Exact Solution In An Infinite-Horizon General Equilibrium Model
Andrew Abel
2620: Bolivia's Economic Crisis
Juan Antonio Morales and Jeffrey Sachs
2619: Heterogeneity in Panel Data: Are There Stable Production Functions?
Jacques MAIRESSE and Zvi Griliches
2618: Do Developing Countries Lose From the MFA?
Irene Trela and John Whalley
2617: Flexible Staffing Arrangements and Employers' Short-Term Adjustment Strategies
Katharine Gail Abraham
2616: Deterioration of the Terms of Trade and Capital Accumulation: A Reexamination of the Laursen-Metzler Effect
Partha Sen and Stephen J Turnovsky
2615: Production and Trade in Services by U.S. Multinational Firms
Irving B. Kravis and Robert E. Lipsey
2614: Japanese Structural Adjustment and the Balance of Payments
Jeffrey Sachs and Peter Boone
2613: Fiscal Policy With Impure Intergenerational Altruism
Andrew Abel and B. Douglas Bernheim
2612: What Do Voluntary Export Restraints Do?
Kala Krishna
2611: Advance Notice Provisions in Plant Closing Legislation: Do They Matter?
Ronald G. Ehrenberg and George H. Jakubson
2610: External Debt, Capital Flight and Political Risk
Alberto Alesina and Guido Tabellini
2609: Meteor Showers or Heat Waves? Heteroskedastic Intra-Daily Volatility in the Foreign Exchange Market
Robert F. Engle , Takatoshi Ito and Wen-Ling Lin
2608: Federal Reserve Behavior Since 1980: A Financial Markets Perspective
William C. Melton and V. Vance Roley
2607: The Debt Crisis: Structural Explanations of Country Performance
Andrew Gouinlock Berg and Jeffrey Sachs
2606: An Analysis of U.S. Postwar Consumption and Saving: Part II -- Empirical Results
Michael J. Boskin and Lawrence J. Lau
2605: An Analysis of Postwar U.S. Consumption and Saving: Part I -- The Model and Aggregation
Michael J. Boskin and Lawrence J. Lau
2604: The Choice of Monetary Instrument in Two Interdependent Economies Under Uncertainty
Stephen J Turnovsky and Vasco d'Orey
2603: Some Thoughts on the Role of Fiscal Policy in Stabilisation and Structural Adjustment in Developing Countries
Willem Hendrik Buiter
2602: An Economic Analysis of the Market for Law School Students
Ronald G. Ehrenberg
2601: Vertical Restraints and Producers' Competition
Patrick Rey and Joseph E. Stiglitz
2600: Promises, Promises: Credible Policy Reform via Signaling
Dani Rodrik
2599: Inflation and the E M S
Susan M. Collins
2598: South Korea's Experience With External Debt
Susan M. Collins
2597: Sovereign-debt Renegotiations: A Strategic Analysis
Raquel Fernandez and Robert W. Rosenthal
2596: External Debt and Macroeconomic Performance in South Korea
Susan M. Collins and Won Am Park
2595: Market Structure, Strike Activity, and Union Wage Settlements
John M. Abowd and Joseph Tracy
2594: Unemployment Insurance, Recall Expectations, And Unemployment Outcomes
Lawrence F. Katz and Bruce D. Meyer
2593: Economic Efficiency in Recent Tax Reform History: Policy Reversals or Consistent Improvements?
Don Fullerton and James B. Mackie
2592: Growth, Technological Progress, and Trade
Elhanan Helpman
2591: Labor Hoarding, Inflexible Prices, and Procyclical Productivity
Julio Rotemberg and Lawrence H. Summers
2590: Relative Wages, Efficiency Wages, and Keynesian Unemployment
Lawrence H. Summers
2589: Sources of Business Cycle Fluctuations
Matthew D. Shapiro and Mark W. Watson
2588: Government Spending in a Simple Model of Endogenous Growth
Robert J. Barro
2587: Market-Based Debt-Reduction Schemes
Paul R. Krugman
2586: Deindustrialization, Reindustrialization, and the Real Exchange Rate
Paul R. Krugman
2585: U.S. Inflation, Labor's Share, and the Natural Rate of Unemployment
Robert J. Gordon
2584: The Role Of Export Subsisies When Product Quality Is Unknown
Kyle Bagwell and Robert W. Staiger
2583: Endogenous Participation in Agricultural Support Programs and Ad ValoremEquivalent Modelling
John Whalley and Randall M. Wigle
2582: Debt and Conditionality under Endogenous Terms of Trade Adjustment
Joshua Aizenman and Eduardo R. Borensztein
2581: Interest-Rate Smoothing
Robert J. Barro
2580: Consumption and Investment
Andrew Abel
2579: Corporate Taxes and Incentives and the Structure of Production: A Selected Survey
Jeffrey . Bernstein and M. Ishaq Nadiri
2578: Centre For Labour Economics
Willem Hendrik Buiter
2577: On the Consistency of Short-run and Long-run Exchange Rate Expectations
Kenneth A. Froot and Takatoshi Ito
2576: A Non-Competitive, Equilibrium Model Of Fluctuations
Robert Ernest Hall
2575: The Information in the Term Structure: Some Further Results
Frederic Mishkin
2574: Bubbles, Fads, and Stock Price Volatility Tests: A Partial Evaluation
Kenneth D. West
2573: The Time-Variation of Risk and Return in the Foreign Exchange and Stock Markets
Alberto Giovannini and Philippe Jorion
2572: Labor Demand and the Structure of Adjustment Costs
Daniel Hamermesh
2571: Investment, Depreciation, And Capital Utilization
Jeffrey . Bernstein and M. Ishaq Nadiri
2570: Rates Of Return On Physical And R&D Capital And Structure Of The Production Process: Cross Section And Time Series Evidence
Jeffrey . Bernstein and M. Ishaq Nadiri
2569: Pricing Physical Assets Internationally
Bernard Dumas
2568: Interpreting Cointegrated Models
John Y. Campbell and Robert J. Shiller
2567: Inflation And Taxation With Optimizing Governments
James Poterba and Julio Rotemberg
2566: Immigration And Self-Selection
George Borjas
2565: Real Exchange Rate Variability under Pegged and Floating Nominal Exchange Rate Systems: An Equilibrium Theory
Alan C. Stockman
2564: Is There A Regional Bias in Federal Tax Subsidy Rates for Giving?
Charles T. Clotfelter and Daniel Richard Feenberg
2563: The Impact Of New Unionization On Wages And Working Conditions: A Longitudinal Study Of Establishments Under NLRB Elections
Richard B. Freeman and Morris M. Kleiner
2562: Evaluating the European View that the US has No Unemployment Problem
Richard B. Freeman
2561: Job Queues and Wages: New Evidence on the Minimum Wage and Inter-Industry Wage Structure
Harry J. Holzer , Lawrence F. Katz and Alan B. Krueger
2560: Labor Market Institutions, Constraints, and Performance
Richard B. Freeman
2559: Financial Structure and Aggregate Economic Activity: An Overview
Mark L. Gertler
2558: Costs Of Financial Distress, Delayed Calls Of Convertible Bonds, And The Role Of Investment Banks
Dwight Jaffee and Andrei Shleifer
2557: On The Difference Between Tax And Spending Policies In Models With Finite Horizons
William H. Branson and Giampaolo Galli