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3468: The Predictability of Real Exchange Rate Changes in the Short and Long Run Downloads
Robert E. Cumby and John Huizinga
3467: Rational Speculative Bubbles in an Exchange Rate Target Zone Downloads
Willem Hendrik Buiter and Paolo A. Pesenti
3466: The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk Downloads
Lars E. O. Svensson
3465: Investor Sentiment and the Closed-End Fund Puzzle Downloads
Charles M. C. Lee, Andrei Shleifer and Richard H. Thaler
3464: Stock Prices and Bond Yields: Can Their Comovements Be Explained in Terms of Present Value Models? Downloads
Robert J. Shiller and Andrea E. Beltratti
3463: Scale and Scope Effects on Advertising Agency Costs Downloads
Alvin J. Silk and Ernst R. Berndt
3462: Down and Out in North America: Recent Trends in Poverty Rates in the U.S. and Canada Downloads
Maria J. Hanratty and Rebecca M. Blank
3461: The Special Education Costs of Low Birthweight Downloads
Stephen Chaikind and Hope Corman
3460: The Politics of 1992: Fiscal Policy and European Integration Downloads
Torsten Persson and Guido Tabellini
3459: A Cross Country Comparison of Seasonal Cycles and Business Cycles Downloads
J. Joseph Beaulieu and Jeffrey A Miron
3458: Pensions and Wages: An Hedonic Price Theory Approach Downloads
Edward B. Montgomery, Kathryn Shaw and Mary Ellen Benedict
3457: International Trade and Investment under Different Rates of Time Preference Downloads
Kyoji Fukao and Koichi Hamada
3456: Monetary Overhang and Reforms in the 1940s Downloads
Rüdiger Dornbusch and Holger Wolf
3455: Taxes, Fringe Benefits and Faculty Downloads
Daniel Hamermesh and Stephen A. Woodbury
3454: The Dynamic Efficiency Cost of Not taxing Housing Downloads
Jonathan Skinner
3453: Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared Downloads
Robert J. Shiller, Maxim Boycko and Vladimir Korobov
3452: Fundamental Value and Market Value Downloads
William C. Brainard, Matthew D. Shapiro and John B. Shoven
3451: Do Stationary Risk Premia Explain It All? Evidence from the Term Struct Downloads
Martin Evans and Karen K. Lewis
3450: The Seasonal Cycle in U.S. Manufacturing Downloads
J. Joseph Beaulieu and Jeffrey A Miron
3449: Human Resource Management Systems and the Performance of U.S. Manufacturing Businesses Downloads
Casey Ichniowski
3448: A Sorting Model of Labor Contracts: Implications for Layoffs and Wage-Tenure Profiles Downloads
Andrew Murray Weiss and Ruqu Wang
3447: Women's Work, Women's Lives: A Comparative Economic Perspective Downloads
Francine Blau and Marianne A. Ferber
3446: Assuming The Can Opener: Hedonic Wage Estimates and the Value of Life Downloads
William T. Dickens
3445: Career Plans and Expectations of Young Women and Men: The Earnings Gap and Labor Force Participation Downloads
Francine Blau
3444: Employment and Earnings of Disadvantaged Young Men in a Labor Shortage Economy Downloads
Richard B. Freeman
3443: Capital Controls, Collection Costs, and Domestic Public Debt Downloads
Joshua Aizenman and Pablo Emilio Guidotti
3442: Measures of Prices and Price Competitiveness in International Trade in Manufactured Goods Downloads
Robert E. Lipsey, Linda Molinari and Irving B. Kravis
3441: Does Competition Between Currencies Lead to Price Level and Exchange Rate Stability? Downloads
Michael Woodford
3440: Monetary Contracting Between Central Banks and the Design of SustainableExchange-Rate Zones Downloads
Francisco Delgado and Bernard Dumas
3439: On The Behavior of Commodity Prices Downloads
Angus S. Deaton and Guy Laroque
3438: Participation Dynamics: Sunspots and Cycles Downloads
Satyajit Chatterjee, Russell Cooper and B Ravikumar
3437: Disability Transfers and the Labor Force Attachment of Older Men: Evidence from the Historical Record Downloads
John Bound
3436: Patterns of Aging in Thailand and Cote D'Ivoire Downloads
Angus S. Deaton and Christina Paxson
3435: The Role of Banks in Reducing the Costs of Financial Distress in Japan Downloads
Takeo Hoshi, Anil K Kashyap and David Scharfstein
3434: Tax Policy and the Dividend Puzzle Downloads
B. Douglas Bernheim
3433: Technological Change and the Careers of Older Workers Downloads
Ann P. Bartel and Nachum Sicherman
3432: Real Business Cycle Theory: Wisdom or Whimsy? Downloads
Martin Eichenbaum
3431: A Theory of Corporate Financial Structure Based on the Seniority of Claims Downloads
Oliver D. Hart and John Moore
3430: Measuring Ignorance in the Market: A New Method with an Application to Physician Services Downloads
Martin Gaynor and Solomon William Polachek
3429: Enforcement Costs and the Optimal Magnitude and Probability of Fines Downloads
A. Mitchell Polinsky and Steven Shavell
3428: Medical Malpractice: An Empirical Examination of the Litigation Process Downloads
Henry S. Farber and Michelle J. White
3427: Univariate vs. Multivariate Forecasts of GNP Growth and Stock Returns: Evidence and Implications for the Persistence of Shocks, Detrending Methods Downloads
John H. Cochrane
3426: Did J.P. Morgan's Men Add Value? A Historical Perspective on Financial Capitalism Downloads
J. Bradford De Long
3425: Modeling American Marriage Patterns Downloads
David Bloom and Neil G. Bennett
3424: Sovereign Debt, Reputation, and Credit Terms Downloads
Jonathan Eaton
3423: Immigrant Participation in the Welfare System Downloads
George Borjas and Stephen J. Trejo
3422: Fertility Timing, Wages, and Human Capital Downloads
McKinley L. Blackburn and David Bloom
3421: Ex-Day Behavior of Japanese Stock Prices: New Insights from New Methodology Downloads
Fumio Hayashi and Ravi Jagannathan
3420: Aging and Labor Force Participation: A Review of Trends and Explanations Downloads
David Wise and Robin L. Lumsdaine
3419: Economic Growth and Convergence across The United States Downloads
Robert J. Barro and Xavier Sala--Martin
3418: Target Zones with Limited Reserves Downloads
Paul R. Krugman and Julio Rotemberg
3417: An Experimental Comparison of Dispute Rates in Alternative Arbitration Systems Downloads
Orley Ashenfelter, Janet Currie, Henry S. Farber and Matthew Spiegel
3416: Can Capital Income Taxes Survive in Open Economies? Downloads
Roger H. Gordon
3415: The Continued Interest Rate Vulnerability of Thrifts Downloads
Patric H. Hendershott and James D. Shilling
3414: Human Capital, Fertility, and Economic Growth Downloads
Gary S. Becker, Kevin M. Murphy and Robert F Tamura
3413: Human Capital, Product Quality, And Growth Downloads
Nancy L. Stokey
3412: Foreign Firms and Export Performance in Developing Countries: Lessons from the Debt Crisis Downloads
Magnus Blomstrom and Robert E. Lipsey
3411: Trends and Cycles in Foreign Lending Downloads
Barry Julian Eichengreen
3410: Relaxing the External Constraint: Europe in the 1930s Downloads
Barry Julian Eichengreen
3409: Jobfinding and Wages when Longrun Unemployment is Really Long: The Case of Spain Downloads
Alfonso Alba-Ramirez and Richard B. Freeman
3408: The Resurgence of Inventory Research: What Have We Learned? Downloads
Alan S. Blinder and Louis John Maccini
3407: Views on the Likelihood of Financial Crisis Downloads
Benjamin M. Friedman
3406: P* Type Models: Evaluation and Forecasts Downloads
Rowena Ann Pecchenino and Robert H. Rasche
3405: Tax Aspects of Policy Towards Aging Populations: Canada and the United States Downloads
Alan Auerbach and Laurence J. Kotlikoff
3404: U.S. Demographics and Saving: Predictions of Three Saving Models Downloads
Alan Auerbach, Jinyong Cai and Laurence J. Kotlikoff
3403: Precautionary Saving and the Marginal Propensity to Consume Downloads
Miles Spencer Kimball
3402: The Consumption of Stockholders and Non-Stockholders Downloads
N. Gregory Mankiw and Stephen P. Zeldes
3401: Capital Positions of Japanese Banks Downloads
Edward J. Kane, Haluk Unal and Asli Demirguc-Kunt
3400: Asymmetric Information and Financial Crises: A Historical Perspective Downloads
Frederic Mishkin
3399: Sanctions Downloads
Jonathan Eaton and Maxim Peter Engers
3398: Occasional Interventions to Target Rates with a Foreign Exchange Application Downloads
Karen K. Lewis
3397: Why Doesn't Society Minimize Central Bank Secrecy? Downloads
Karen K. Lewis
3396: Interdependent Pricing and Markup Behavior: An Empirical Analysis of GM, Ford and Chrysler Downloads
Ernst R. Berndt, Ann F. Friedlaender and Judy Shaw-Er Wang Chiang
3395: Externalities, Incentives, and Economic Reforms Downloads
Joshua Aizenman and Peter Isard
3394: The Simplest Test of Target Zone Credibility Downloads
Lars E. O. Svensson
3393: The Phillips Curve Now and Then Downloads
Robert J. Gordon
3392: An Empirical Model of Labor Supply in the Underground Economy Downloads
Bernard Fortin, Thomas Lemieux and Pierre Frechette
3391: The Impact of Permanent and Temporary Import Surcharges on the U.S. Trade Deficit Downloads
Barry Julian Eichengreen and Lawrence H. Goulder
3390: How Risky is the Debt in Highly Leveraged Transactions? Evidence from Public Recapitalizations Downloads
Steven Neil Kaplan and Jeremy C. Stein
3389: Hot Hands in Mutual Funds: The Persistence of Performance, 1974-87 Downloads
Darryll Hendricks, Jayendu Patel and Richard J. Zeckhauser
3388: Should The Fed Smooth Interest Rates? The Case of Seasonal Monetary Policy Downloads
N. Gregory Mankiw and Jeffrey A Miron
3387: Ranking, Unemployment Duration, and Wages Downloads
Olivier J Blanchard and Peter A. Diamond
3386: Revenue and Welfare Implications for a Capital Gains Tax Cut Downloads
Patric H. Hendershott, Eric Toder and Yunhi Won
3385: Waiting for Work Downloads
George A. Akerlof, Andrew Kenan Rose and Janet L. Yellen
3384: International Costs and Benefits from EMU Downloads
George Alogoskoufis and Richard Portes
3383: Money and Prices in Colonial America: A New Test of Competing Theories Downloads
Bennett McCallum
3382: Rules versus Discretion in Trade Policy: An Empirical Analysis Downloads
Robert W. Staiger and Guido Tabellini
3381: Banks in the Market for Liquidity Downloads
Peter M. Garber and Steven Weisbrod
3380: Before the Accord: U.S. Monetary-Financial Policy 1945-51 Downloads
Barry Julian Eichengreen and Peter M. Garber
3379: Tax Policy Toward Art Museums Downloads
Don Fullerton
3378: Price Indexes for Microcomputers: An Exploratory Study Downloads
Ernst R. Berndt and Zvi Griliches
3377: Taxes, Outward Orientation, and Growth Performance in Korea Downloads
Irene Trela and John Whalley
3376: Business Cycle Properties of Selected U.S. Economic Time Series, 1959-1988 Downloads
James H. Stock and Mark W. Watson
3375: An Alternative View of Tax Incidence Analysis for Developing Countries Downloads
Anwar Shah and John Whalley
3374: The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data Downloads
Lars E. O. Svensson
3373: Moral Hazard in Partnerships Downloads
Martin Gaynor and Paul Gertler
3372: Can Severe Fiscal Contractions be Expansionary? Tales of Two Small European Countries Downloads
Francesco Giavazzi and Marco Pagano
3371: The Cost of Capital in Japan: Recent Evidence and Further Results Downloads
Albert K. Ando and Alan Auerbach
3370: The Stock Market, Profit and Investment Downloads
Olivier J Blanchard, Changyong Rhee and Lawrence H. Summers
3369: Efficient Windows and Labor Force Reduction Downloads
Robin L. Lumsdaine, James H. Stock and David Wise
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