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2004 Meeting Papers
from Society for Economic Dynamics Society for Economic Dynamics Anne Stubing CV Starr Center for Applied Economics 269 Mercer Street, Room 303 New York University New York, NY 10003. Contact information at EDIRC . Series data maintained by Christian Zimmermann ().
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2004: Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation
M. Daniele Paserman
2004: Learning and Shifts in Trend Growth
Rochelle M. Edge and Thomas Laubach
2004: The Effects of Health, Wealth and Wages on Labor Supply and Retirement Behavior
Eric French
2004: Local Competition, Product Substitutability, and Prices: An Empirical Test
Chad Syverson
2004: Superneutrality and the welfare effects of inflation
Guillaume Rocheteau and Ricardo Lagos
2004: On Heterogeneity in a Fundamental Model of Money
Gabriele Camera and Paola Boel
2004: The Pre-Producers
Boyan Jovanovic
2004: The Role of the Sex Imbalance in Shaping Marital Status
Shannon Seitz and José-Víctor Ríos-Rull
2004: Estimating Models of On-the-Job Search Using Record Statistics
Gadi Barlevy
2004: Fashion Statement
Ted Temzelides
2004: Employer Learning and General Human Capital
Jan Eeckhout
2004: Macroeconomic Implications of Restrictions on Size
Yi Xu , Nezih Guner and Gustavo Jaime Ventura
2004: Firm Size Dynamics in the Aggregate Economy
Mark Wright and Esteban Rossi-Hansberg
2004: Estimating the Welfare Gains from Responsive Pricing: Evidence from an Internet Cafe
Mario Pagliero and Pascal Courty
2004: Epiphany: A Search Theoretic Approach to Modelling Boundedly Rational Agents
Eliot Maenner and Derek Laing
2004: Fiscal Crisis Resolution: Taxation Versus Inflation
Michael Kumhof
2004: Caller Number Five: Timing Games that Morph From One Form to Another
Andreas Park and Lones Smith
2004: Commitment vs. Flexibility
Manuel Amador , George-Marios Angeletos and Iván Werning
2004: Enforcement and Firm Finance
Anne Villamil , Stefan Krasa and Tridib Sharma
2004: Safety in Markets: An Impossibility Theorem for Dutch Books
Leeat Yariv and David Laibson
2004: When Can Changes in Expectations Cause Business Cycle Fluctuations?
Franck Portier and Paul Beaudry
2004: Why Women Work: Disentangling the Role of Marriage Prospects and Intra-Household Behavior
Alessandra Fogli and Raquel Fernandez
2004: Equilibrium Commodity Prices with Irreversible Investment and Non-Linear Technology
Jaime Cacassus and Pierre Collin-Dufresne
2004: Wage growth due to human capital accumulation and job search: The United States versus West-Germany
Uta Schoenberg
2004: Patterns of Occupational Mobility
Éva Nagypál
2004: Methods to Estimate Dynamic Stochastic General Equilibrium Models
Francisco J. Ruge-Murcia
2004: Precautionary versus Transactions Motive: The Effects of Aggregate Fluctuations in a Monetary Economy
Brian Peterson
2004: Optimal Monetary Policy with Endogenous Capital Accumulation
David Lopez-Salido and Andrew Theo Levin
2004: Housing v. Financial Wealth: a Cross-Country Comparison
Monika Piazzesi and Martin Schneider
2004: A Competitive Theory of Credit Scoring
Satyajit Chatterjee and P. Dean Corbae
2004: Accounting for the Rise in Consumer Bankruptcies in the U.S. and Canada
Igor Livshits and James MacGee
2004: Estimating Default Risk Premia from Default Swap Rates and EDFs
Antje Berndt and Rohan Douglas
2004: Wage risk and employment risk over the life-cycle
Luigi Pistaferri , Hamish Low and Costas Meghir
2004: An Equilibrium Search Model of Industry Dynamics
Alessandro Barbarino
2004: Consumption and Work Effort over the Lifecycle
Gary Hansen and Selahattin Imrohoroglu
2004: Why Do Firms Hold Inventories?
Lawrence J. Christiano
2004: Monetary Policy with State Contingent Interest Rates
Pedro Teles , Bernardino Adao and Isabel Correia
2004: Corporate Investment and Asset Price Dynamics: Implications for Post-SEO Performance
Ron Giammarino , Murray Carlson and Adlai Fisher
2004: An Experimental Test of Risk-Sharing Arrangements
Garance Genicot and Gary Charness
2004: Investment and Asset Prices with Financing Constraints
Amir Yaron and João F. Gomes
2004: Producing the Right Pond: Colleges as Network Creators
Christopher R. Makler
2004: Endogenous Rigidities and Real Exchange Rates
Margarida Duarte and Michael Dotsey
2004: An Anatomy of International Trade: Evidence from French Firms
Jonathan Eaton and Samuel Kortum
2004: Risk-Taking Executives, The Value of the Firm and Economic Performance
Francisco Covas
2004: Efficiency with Endogenous Population Growth
Michael Golosov and Larry E. Jones
2004: Black-White Intermarriage
Linda Yuet-Yee Wong
2004: A Matching Model of the Housing Market: Searching for a Motivated Partner
Susan Vroman
2004: Producing the Right Pond: Colleges as Network Creators
Chris Makler
2004: Correlation of Traits in Married Couples: Assortative Matching or Just Who you Meet?
Ramya Sundaram
2004: Optimal severance pay in a matching model
Giulio Fella
2004: Twin Deficit or Twin Divergence? Fiscal Policy, Real Exchange Rate, and the Current Account in the U.S
Soyoung Kim and Nouriel Roubini
2004: Accounting for the Cross--country Differences in Income and Physical and Human Capital
Akos Valentinyi and Berthold Herrendorf
2004: Money and Modern Bank Runs
David R. Skeie
2004: The Absentminded Consumer
John Leahy and Andrew Caplin
2004: Lumpy Investment, Sectoral Propagation, and Business Cycles
Makoto Nirei
2004: Data Revisions in General Equilibrium
S. Boragan Aruoba
2004: Innovation, Growth, and Labor Market Policy
Dale T. Mortensen
2004: Technology Licensing and Technology Alliances
Cristian Dezso and Luis M B Cabral
2004: Exchange rate overshooting and the costs of floating
Nouriel Roubini , Michele Cavallo and Kate Kisselev
2004: A Political Model Sovereign Debt Repayment
Manuel Amador
2004: Why do Europeans Work so Little?
Conny Olovsson
2004: Optimal Fiscal Policy and Recursive Utility
Hanno Lustig and Chris Sleet
2004: The Missing Link: Product Market Regulation, Collective Bargaining and the European Unemployment Puzzle
Christian Haefke and Monique Ebell
2004: Equilibrium in a Dynamic Limit Order Market
Ronald L. Goettler and Christine A. Parlour
2004: Minimum wages and compliance in markets with search frictions
Zvi Eckstein and Suqin Ge
2004: Endogeous Monitoring
Michihiro Kandori and Ichiro Obara
2004: Credible social insurance
Christopher Sleet
2004: Why Emergency Lending Facilities Go Unused
Leonardo Bartolini and Allan Drazen
2004: Trade Policy and South Korea's Growth Miracle
Michelle Connolly and Kei-Mu Yi
2004: Estimation of an Entry Model with Discrete Product Differentiation and Multiple Equilibria: An Empirical Analysis of Competition Between Banks and Thrifts
Andrew Cohen and Mark D. Manuszak
2004: Store Design with Self-Control Preferences
Susanna Esteban
2004: New and Used Capital
Adriano Rampini and Andrea Eisfeldt
2004: Optimal plaintiff incentives when courts are imperfect
Philip Bond
2004: Sequential Innovation, Network Effects and the Choice of Compatibility
Michael Manove and Gerard Llobet
2004: Silicon Valley versus Route 128: A Search and Contracting Approach
Ã…sa Rosen and Espen R. Moen
2004: Coordination Failures and Asset Prices
Aleh Tsyvinski , Christian Hellwig and Arihit Mukherji
2004: Productivity Growth and the Trade Balance in the 1990s: the Role of Evolving Perceptions
Luca Guerrieri and Christopher John Erceg
2004: Industry Dynamics and Secondary Markets: Theory and Evidence from Commercial Aviation
Alessandro Gavazza
2004: On the Optimal Tax Schedule
Radim Bohacek and Michal Kejak
2004: Power and Information Leakage in Organizations
Mariagiovanna Baccara
2004: Modes of Household Behavior and Labor Supply Decisions
Christopher Flinn and Daniela Del Boca
2004: Renegotiation, Collective Action Clauses and Sovereign Debt Markets
Jose Wynne and Federico Weinschelbaum
2004: Land of Addicts? An Empirical Investigation of Habit-Based Asset Pricing Models
Sydney C. Ludvigson and Xiaohong Chen
2004: Policy Distortions and Aggregate Productivity with Heterogeneous Plants
Richard Rogerson and Diego Restuccia
2004: Optimal taxation with persistent shocks
Marek Kapicka
2004: Capital Gains Taxes, Irreversible Investment, and Capital Structure
Norman Schuerhoff
2004: On the Age and Size Distribution of Business Firms
Erzo G.J. Luttmer
2004: Investor Protection and Exchange Rates
Neng Wang and Rui Albuquerque
2004: Time Consistency in Dynamic Bargaining: The Role of Committees as Substitutes for Commitment
Alessandro Riboni
2004: How do households smooth earnings fluctuations: what can we learn from Consumer Expenditure Data?
Fabrizio Perri and Dirk Krueger
2004: The Technology of Skill Formation
James J. Heckman , Pedro Carneiro and Flavio Cunha
2004: Uncertainty and Long Term Labor Contracts
Cesaire Meh , Martin Gervais and Igor Livshits
2004: Regional income gaps in the U.S.A. today -- what can geography and slavery explain?
Nils-Petter Lagerloef (Nils-Petter Lagerlöf )
2004: Shrouded Attributes and the Curse of Educatoin
David Laibson and Xavier Gabaix
2004: The Effect of Marriage Shocks on Wealth Dynamics
Lucas W. Davis and Maurizio Mazzocco
2004: Competition between Computer Operating Systems
Markus Michael Mobius and Francesca Lotti
2004: Consumption and Earnings Inequality with Risky Human Capital
Amir Yaron , Mark Huggett and Gustavo Jaime Ventura
2004: Endogenous Trading Constraints with Incomplete Asset Markets
Eva Carceles-Poveda and Arpad J. Abraham
2004: Dynamic Oligopoly with Network Effects
Nicholas S. Economides and Matt Mitchell
2004: Fast Bargaining in Bankruptcy
David Benjamin
2004: qGMM Estimation of Sunk Costs
Jeffrey Campbell and Jonas Fisher
2004: Optimal Income Taxation and Public-Goods Finance
Martin F. Hellwig
2004: Land Reform
Douglas Gollin
2004: Learning and the Return to Private Equity
Claudio Campanale
2004: Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households
Nezih Guner and Jeremy Greenwood
2004: On the Welfare Effect of Cyclical Policies under Incomplete Markets and Labor Market Frictions
Aysegul Sahin and Toshihiko Mukoyama
2004: The Declining Equity Premium: What Role Does Macroeconomic Risk Play?
Martin Lettau and Sydney C. Ludvigson
2004: A Quantitative Study of the Replacement Problem in Frictional Economies
Giovanni Luca Violante , Andreas Hornstein and Per Krusell
2004: The Effects of Market Structure on Industry Growth
Christos Koulovatianos and Leonard Jay Mirman
2004: Which order is too much? An application to a model with staggered price and wage contracts
Florian Pelgrin and Michel Juillard
2004: Fiat Money and Public Goods Provision
Akihiko Matsui and Yiting Li
2004: Individually Rational, Balanced-Budget Bayesian Mechanisms and the
Sergei Severinov and Grigory Kosenok
2004: Non-Exclusive Contracts, Collateralized Trade, and a Theory of an Exchange
Yaron Leitner
2004: Globalization, Divergence and Stagnation
Gino Gancia
2004: Financial Frictions, Distribution Costs, and Current Account Crises
Sylvain Leduc and Diego Valderrama
2004: Monetary-Fiscal Interactions with a Conservative Central Bank
Luisa Lambertini
2004: Ex Ante Optimality and Social Security
Piero Gottardi and Felix Kubler
2004: Implications of the Eaton-Kortum Model of International Trade
Robert E. Lucas and Fernando Alvarez
2004: Fiscal Desperation and Inflation
Nancy L. Stokey
2004: Firm-Specific Training
Christopher Harris and Leonardo Felli
2004: Organizational Learning: An Experimental Investigation
Andreas Blume and John Duffy
2004: Players with Fixed Resources in Elimination Tournaments
Alexander Matros
2004: Letting Go: Managerial Incentives and the Reallocation of Capital
Adriano A. Rampini and Andrea L. Eisfeldt
2004: Accounting for the Growth and Financial Returns of Firms
Selale Tuzel , Ayse Imrohoroglu and Monika Piazzesi
2004: Sustaining a Time-Consistent Ramsey Plan with Options
Francois Velde and Thomas Sargent
2004: Greasing the Wheels of Trade: Inflation with Menu Costs and Search Frictions
Guillaume Rocheteau and Ben Craig
2004: Are New Keynesian Phillips Curves Identified ?
Maral Kichian , Jean-Marie Dufour and Lynda Khalaf
2004: Productivity Differences and Firm Size
Dale T. Mortensen and Rasmus Lentz
2004: Competition and Sovereign Risk
Mark Wright
2004: Capital Flows, Incomplete Markets, and the U.S. European Unemployment Gap
Karlis Smits and Allen Head
2004: Social Contacts and Occupational Choice
Javier Suárez , Samuel Bentolila and Claudio Michelacci
2004: Do tests of capital structure mean what they say?
Ilya Strebulaev
2004: Capital gains taxes, irreversible investment, and capital structure
Norman Schurhoff
2004: A dynamic model of optimal capital structure
Sheridan Titman and Sergey Tsyplakov
2004: Debt Dynamics
Christopher Hennessy and Toni Whited
2004: Do Citizens Vote Strategically (if they vote at all)? Evidence from U.S. National Elections
Antonio Merlo and Arianna Degan
2004: Firing Costs and Business Cycle Fluctuations
Marcelo Luis Veracierto
2004: Estimating Dynamic Equilibrium Economies: Linear and Nonlinear Likelihood
Jesus Fernandez-Villaverde and Juan F Rubio-Ramirez
2004: An Economist's view on Neuroeconomics
Aldo Rustichini
2004: Unpleasant Implications of Insecure Property for Optimal Fiscal Policy and Growth
Hugh Neary and Francisco M. Gonzalez
2004: The Political Economy of Redistribution under Democracy
Adam Przeworski and Jess Benhabib
2004: Estimating Dynamic Models of Imperfect Competition
Jonathan Levin and P. Bajari
2004: The Evolution of International Output Differences (1960-2000): from Factors to Productivity
Samuel de Abreu Pessoa and Pedro C. Ferreira
2004: First Order Approach for Principal-Agent Models with Hidden Borrowing and Lending: The Two Period Case
Nicola Pavoni and Arphad Abraham
2004: The Welfare Cost of Business Cycles in an Economy with Nonclearing Markets
Luis A. Puch and Franck Portier
2004: In Seach of Stars
Jacob K Goeree and Arno Riedl
2004: On Black/White Intermarriage Patterns
Linda Yuet-Yee Wong and José-Víctor Ríos-Rull
2004: Perception Rents in the Market for Advice
Yaw Nyarko and Andrew Schotter
2004: Is Discounting Hyperbolic? Experimental Evidence
Jess Benhabib and Alberto Bisin
2004: Against Labour Market Risk: Employment Protection or Unemployment Benefits?
Tito Boeri and J. Ignacio Conde-Ruiz
2004: Read All About it: What happens following a technology shock
Michelle Alexopoulos
2004: Leverage, Incomplete Markets and Crises
John Geanakoplos and Felix Kubler
2004: New Evidence on Durable Goods Biased Technological Change
Jonas Fisher and John Fernald
2004: A Dynamic Model of Optimal Capital Structure
Sergey Tsyplakov and Sheridan Titman
2004: Housing Collateral and Consumption Insurance Across US Regions
Stijn Van Nieuwerburgh and Hanno Lustig
2004: A dynamic matching model with downward wage rigidity
Marcel Jansen and James Costain
2004: Sticky Information vs. Sticky Prices: A Horse Race in a DSGE Framework
Mathias Trabandt
2004: Export Decisions and International Business Cycles
Horag Choi and George Alessandria
2004: Information Markets and the Comovement of Asset Prices
Laura Veldkamp
2004: Trade and Inequality in Developing Countries: An Empirical Assessment
Susan Chun Zhu and Daniel Trefler
2004: On the consumption real exchange rate anomaly
Christoph Thoenissen and Gianluca D. Benigno
2004: Globalization and the Gains from Variety
David Weinstein and Christian Broda
2004: Why doesn't capital flow from rich to poor countries? An empirical investigation
Laura Alfaro and Sebnem Kalemli-Ozcan
2004: What Does the Walrasian Auctioneer Know? Technology Adoption and Financial Innovation
Ana Fernandes
2004: Risk Aversion, Wealth and Background Risk
Monica Paiella and Luigi Guiso
2004: Market Structure and Multiple Equilibria in Airline Markets
Elie Tamer and Federico Ciliberto
2004: Family job search and consumption: the added worker effect revisited
J. Ignacio Garcia-Perez and Silvio Rendon (J. Ignacio García Pérez )
2004: Point Estimation of Discrete Games
Han Hong and Patrick Bajari
2004: Order Flow and the Formation of Dealer Bids in Treasury Auctions
Ali Hortacsu and Samita Sareen
2004: Improving tatonnement methods for solving heterogenous agent models
Alexander Ludwig
2004: Exchange-rate fluctuations and pass-through
Giancarlo Corsetti and Luca Dedola
2004: Unions and the political economy of immigration
Carlotta Berti Ceroni and Giorgio Bellettini
2004: Why are similar workers paid differently? The role of social networks
Francois Fontaine
2004: Explaining Changes in Female Labour Supply in a Life-Cycle Model
Virginia Sanchez-Marcos , Orazio Attanasio and Hamish Low
2004: Population Aging and International Capital Flows
Martin Floden and David Domeij
2004: Dynamic Optimal Taxation with Persistent Private Information
Stefania Albanesi and Christopher Sleet
2004: A Refinement of Sequential Equilibrium with Application to Decentralized Collusion
James Schummer and Peter Eso
2004: Inflation Stabilization and Welfare: The Case of a Distorted Steady State
Michael Woodford and Pierpaolo Benigno
2004: State-Dependent Pricing and the New Keynesian Phillips Curve
John Leahy and Mark Gertler
2004: Does the US government hedge against government expenditure risk?
Sevin Yeltekin , Hanno Lustig and Chris Sleet
2004: Shareholders Unanimity With Incomplete Markets
Daniele Coen-Pirani
2004: Trend Breaks, Long Run Restrictions, and the Contractionary Effects of Technology Shocks
John Fernald
2004: Trade Reforms and the Labor Market
Gueorgui Kambourov
2004: The folk theorem for all games with almost perfect monitoring
Wojciech Olszewski and Johannes Horner
2004: Money, Credit, and Banking
Aleksander Berentsen and Gabriele Camera
2004: Optimal vs. time-consistent tax cycles
Fabrizio Zilibotti , John Hassler and Per Krusell
2004: Trends and Fluctuations in the Household's Marginal Rate of Substitution Condition: Time Series Evidence from the OECD
Andrea Raffo and Lee Edward Ohanian
2004: The Role of Fertility in Gender Differences in Labor Market Outcomes
Diego Restuccia , Andres Erosa and Luisa Fuster
2004: Dynamic Enfranchisement
Roger Lagunoff and William Jack
2004: Near-Rational Exuberance
James Bullard and George William Evans
2004: Financial Intermediation, markets, and growth
Falko Fecht and Kevin Huang
2004: Firm Dynamics, Investment and Debt Portfolio: Balance Sheet Effects of the Mexican Crisis of 1994
Sangeeta Pratap and Carlos Urrutia
2004: Rigid Prices: Evidence from US scanner data
Benjamin Eden and Jeff Campbell
2004: Trade and the (Dis) Incentive to Reform Labor Markets: The Case of Reform in the European Union
George Alessandria and Alain Delacroix
2004: Capital Mobility, Property Rights and Economic Development
Olivier Jeanne and Pierre-Olivier Gourinchas
2004: Effects of monetary policy regime changes in the Euro Economy
Tao Zha , Juan Rubio and Daniel Waggoner
2004: Credit Market Imperfections and International Capital Market Flows
Bruce D. Smith and Pamela Labadie
2004: Idiosyncratic shocks and the role of nonconvexities in plant and aggregate investment dynamics
Julia Kathryn Thomas and Aubhik Khan
2004: International Trade and Macroeconomic Dynamics with Heterogeneous Firms
Fabio Ghironi and Marc J. Melitz
2004: Balanced Growth with Structural Change
Christopher A Pissarides and Liwa Rachel Ngai
2004: Do Vertical Mergers Facilitate Upstream Collusion?
Lucy White and Volker Nocke
2004: Occasionally Binding Collateral Constraints in RBC Models
Emilio Espino and Thomas Hintermaier
2004: Firing Costs and Business Cycle Fluctuations
Marcelo Luis Veracierto
2004: Do Larger Severance Payments Increase Individual Job Duration?
Pietro Garibaldi
2004: The Effects of Employment Protection: Learning from Variable Enforcement
Tito Boeri
2004: Threshold effects and firm size: The case of firing costs
Roberto Torrini and Fabiano Schivardi
2004: Betting against your neighbor: a quantitative investigation
Finn E. Kydland and Irasema Alonso
2004: Risk-based Pricing of Interest Rates in Household Loan Markets
Wendy Edelberg
2004: Price Discrimination in the Steel Market
John Rust , Hui Man Chan and George Hall
2004: Testing Private Information Models with Asset Accumulation
Orazio Attanasio and Nicola Pavoni
2004: Liquidity Effects in non-Ricardian Economies
Jean-Pascal Benassy
2004: Optimal taxation with restrictions on the governmemnt budget deficit
Karl Shell and Christian Ghiglino
2004: A DSGE-VAR for the Euro Area
Marco Del Negro and Frank Schorfheide
2004: Early Literacy Achievements, Population Density and the Transition to Modern Growth
Raouf Boucekkine , David de la Croix and Dominique Peeters
2004: Impossibility of Collusion under Imperfect Monitoring with Flexible Production
Yuliy Sannikov and Andrzej Skrzypacz
2004: Productivity, Employment, and Inventories: Smoothing Over Sticky Prices
Yongsung Chang and Andreas Hornstein
2004: Pension Reform and Endogenous Borrowing Constraints
Juan A. Rojas and Carlos Urrutia
2004: Finite State Dynamic Games with Asymmetric Information: A Computational Framework
Ariel Pakes and Chaim Fershtman
2004: Are technology shocks contractionary? A Bayesian VAR analysis with priors on impulses responses
Stefano Neri and Luca Dedola
2004: Taxing Capital: Not a Bad Idea After All
Juan Carlos Conesa and Dirk Krueger
2004: The Unequal Effects of Trade Liberalization: Theory and Evidence from India
Fabrizio Zilibotti , P. Aghion and Robin Burgess
2004: Social Norms, Demographic Shocks, and Dowries in Florence, 1250-1450
Maristella Botticini
2004: Unemployment Benefits and Unemployment Rates of Low-Skilled and Old Workers in West Germany: A Search Equilibrium Approach
Joachim Wolff and Andrey Launov
2004: Demand Reduction and Preemptive Bidding in License Auctions
Randolph Sloof , Jacob K Goeree and Theo Offerman
2004: To segregate or to integrate: education politics and democracy
Matthias Doepke and David de la Croix
2004: Technology Adoption under Relative Factor Price Uncertainty: The Putty-Clay Investment Model
Hiroyuki Kasahara
2004: New-Keynesian Macroeconomics and the Term Structure
Antonio Moreno , Geert Bekaert and Seonghoon Cho
2004: Labor Market Experience and the Gender Gap
Yishay Maoz , Matthias Doepke and Moshe Hazan
2004: Leaning against the wind
Pierre-Olivier Weill
2004: Job-to-job quits and corporate culture
Giuseppe Moscarini
2004: The Knowledge Lift: Adult Education in Sweden
James Albrecht and Gerard J. van den Berg
2004: Taylor Rules in an Estimated Model of a Small Open Economy
Nooman Rebei , Steven Ambler and Ali Dib
2004: Financial Intermediation and TFP Differences
Erwan Quintin and Pedro S. Amaral
2004: A Matching Model of the Housing Market: Searching for a Motivated Partner
James Albrecht and Axel Anderson
2004: Tax Riots
Christopher Phelan and Marco Bassetto
2004: Optimal test for Markov switching
Marine Carrasco and Liang Hu
2004: Why do banks promise to pay par on demand?
Margarita SamartÃn and Gerald Dwyer
2004: Unemployment Dynamics and Social Security
Juan A. Rojas and Silvio Rendon
2004: Business Cycles, Wage Setting, and Asymmetric Information
Robert Shimer
2004: Gender Discrimination Estimation in a Search Model with Matching and Bargaining
Luca Flabbi
2004: Why does educational attainment differ across U.S. states?
Lutz Hendricks
2004: Plant Heterogeneity and Applied General Equilibrium Models of Trade: Lessons from the CA-US FTA
Michael Rolleigh
2004: A Model of Job and Worker Flows
Ricardo Lagos and Nobuhiro Kiyotaki
2004: Bank Portfolio Restrictions and Equilibrium Bank Runs
Karl Shell and James Peck
2004: Housing, Consumption and Asset Pricing
Monika Piazzesi , Martin Schneider and Selale Tuzel
2004: Consumption and Saving over the Life Cycle: How Important are Consumer Durables?
Jesus Fernandez-Villaverde and Dirk Krueger
2004: How Do House Prices Affect Consumption? Evidence from Micro Data
John Y. Campbell and Joao Cocco
2004: A Model of Life-Cycle Housing Choices with Uninsurable Labor Income and House Price Risks
Rui Yao and Wenli Li
2004: Consumption Commitments and Asset Prices
Adam Szeidl and Raj Chetty
2004: Precautionary Savings or Working Longer Hours?
Josep Pijoan-Mas
2004: The Price Impact and Survival of Irrational Traders
Leonid Kogan and Stephen Ross
2004: Externalities in U.S. Manufacturing
Klaus Neusser
2004: Guided Search: The Value of a Reputation System
Aaron Schiff and John Kennes
2004: Equilibrium EMployment in a Model of IMperfect Labour Market
Etienne Wasmer and Pietro Garibaldi
2004: Float on a Note
Tao Zhu and Neil Wallace
2004: Identification and Estimation in Sequential Dutch Auctions
Harry J Paarsch and Bjarne Brendstrup
2004: Aggregate Implications of Defined Benefit and Defined Contribution Systems
Alexander Michaelides and Francisco Gomes
2004: High-Order Consumption Moments and Asset Pricing
Andrei Semenov
2004: Antidiscrimination policy with culturally biased testing
Adrian M. Masters
2004: Job protection and family policies: The Macho hypothesis
Pierre Cahuc and Yann Algan
2004: An Adverse Selection Model of Optimal Unemployment Insurance
Marcus Hagedorn and Ashok Kaul
2004: Urban Structure and Growth
Mark Wright and Esteban Rossi-Hansberg
2004: Productivity and Tradability
Reuven Glick and Paul Bergin
2004: Development Accounting
Juan Cordoba and Marla Ripoll
2004: The Price and Quantity of Residential Land in the United States
Jonathan Heathcote and Morris Davis
2004: Bank Capital, Agency Costs, and Monetary Policy
Kevin Moran and Cesaire Meh
2004: What Social Security: Beveridgean or Bismarckian?
J. Ignacio Conde-Ruiz and Paola Profeta
2004: Moral Hazard and Dynamic Insurance Data
Jaap H. Abbring and Pierre Chiappori
2004: Markovian Optimal Taxation
Salvador Ortigueira
2004: Investing in Patience
Fabrizio Zilibotti and Matthias Doepke
2004: The Welfare Consequences of the NBA: Superstar Markets and Human Capital Accumulation
Lior Menzly and Krishna Kumar
2004: Interest-rate Defenses of Currency Pegs
Juan Sole
2004: How do house prices affect consumption? Evidence from micro data
John Y. Campbell and Joao F. Cocco
2004: Optimal Minimum Wage
Arantza Gorostiaga and Juan F Rubio-Ramirez
2004: Staggered Bargaining and Hours Worked
Samuel Danthine and Stephane Auray
2004: A Theory of North-South Trade and Globalization
Paul Segerstrom and Elias Dinopoulos
2004: Politics and Efficiency of Separating Capital and Ordinary Government Budgets
Thomas Sargent and Marco Bassetto
2004: Modeling a Jobless Recovery
Glenn MacDonald and David Andolfatto
2004: Markets Segmentation and the Hump-Shaped Response of Output to Monetary Policy Shocks
Filippo Occhino
2004: The Macroeconomics of Delegated Management
J.B. Donaldson and Jean-Pierre Danthine
2004: War Finance
Henry E. Siu
2004: Path Dependence, Uneven Industrialization and Special Interests
Rui Zhao and Stephen Parente
2004: On the Relevance of Open Market Operations
Andreas Schabert
2004: On the Dynamics of Information, Coordination and Regime Change
Alessandro Pavan , George-Marios Angeletos and Christian Hellwig
2004: How Trade Liberalizations Affect Productivity
Berthold Herrendorf and Arilton Teixeira
2004: A Dynamic Theory of Optimal Capital Structure and Executive Compensation
Harold Cole and Andrew Atkeson
2004: Discrete Devaluations and Multiple Equilibria in a First Generation Model of Currency Crises
Fernando Broner
2004: Consumption Smoothing and the Structure of Labor and Credit Markets
Winfried Koeniger and Giuseppe Bertola
2004: Added workers and the business cycle
Elisa Faraglia
2004: Smaller Schools or Longer Bus Rides? Returns to Scale and School Choice
Margaret Ledyard
2004: Equities and Inequality
Alessandra Bonfiglioli
2004: Evidence on the Effect of US Consumer Bankruptcy Exemptions
Charles Grant
2004: Simultaneous Search
Lones Smith and Hector Chade
2004: Ramsey Monetary Policy and International Relative Prices
Ester Faia and Tommaso Monacelli
2004: Racial Wage Gaps and test Score Differences: Incentives vs. Pre-Market Factors
Peter Norman and Andrea Moro
2004: Slow Recoveries
Raphael Bergoeing and Norman V. Loayza
2004: Rural-urban Migration and Economic Growth in Developing Countries
Dürdane Şirin Saracoğlu and Terry L. Roe
2004: Conditional Betas
Pietro Veronesi and Tano Santos
2004: Loan components and time varying effects of monetary policy shocks
Wouter J Den Haan and Steven Sumner
2004: New product introduction and diffusion with costly search
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Gur Huberman , Simon Gilchrist and Charles Himmelberg
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2004: Public Debt, Fiscal Solvency & Macroeconomic Uncertainty in Emerging Markets: The Tale of the Tormented Insurer
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2004: Early and Late Human Capital Investments, Credit Constraints, and the Family
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John Coleman
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Claudio Michelacci and Vincenzo Quadrini
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2004: The Dynamics of Unionizing Establishments: A Learning Theory and Some Evidence
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2004: Housing and the Macroeconomy: The Role of Implicit Guarantees for Government Sponsored Enterprises
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