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181: The solution and estimation of discrete choice dynamic programming models by simulation and interpolation: Monte Carlo evidence

Michael Keane and Kenneth I. Wolpin

180: Default, settlement, and signalling: lending resumption in a reputational model of sovereign debt

Harold Cole, James Dow and William B. English

179: The role of institutions in reputation models of sovereign debt

Harold Cole and Patrick Kehoe

178: The computational experiment: an econometric tool

Finn Kydland and Edward Prescott

177: Statistical inference in the multinomial multiperiod probit model

John Geweke, Michael Keane and David E. Runkle

176: An experimental study of learning and limited information in games

Kevin McCabe, Arijit Mukherji and David E. Runkle

175: Inflation, money, and output under alternative monetary standards

Arthur J. Rolnick and Warren Weber

174: Valuation equilibria with clubs

Harold Cole and Edward Prescott

173: Ex-dividend price behavior of common stocks

John H. Boyd and Ravi Jagannathan

172: Dynamic bargaining theory

Melvyn Coles and Randall Wright

171: Algorithms for solving dynamic models with occasionally binding constraints

Lawrence Christiano and Jonas Fisher

170: Alternative computational approaches to inference in the multinomial probit model

John Geweke, Michael Keane and David E. Runkle

169: Two-sided search

Kenneth Burdett and Randall Wright

168: Seasonality and equilibrium business cycle theories

R. Braun and Charles Evans

167: Assessing specification errors in stochastic discount factor models

Lars Hansen and Ravi Jagannathan

166: Household production and taxation in the stochastic growth model

Ellen McGrattan, Richard Rogerson and Randall Wright

165: The CAPM is alive and well

Ravi Jagannathan and Zhenyu Wang

164: Solving the stochastic growth model with a finite element method

Ellen McGrattan

163: Why are representative democracies fiscally irresponsible?

Varadarajan Chari and Harold Cole

162: Industry evolution and transition: the role of information capital

Andrew Atkeson and Patrick Kehoe

161: Interest rates under the U.S. national banking system

Bruce Champ, Neil Wallace and Warren Weber

160: Optimal fiscal policy in a business cycle model

Varadarajan Chari, Lawrence Christiano and Patrick Kehoe

159: A contingent claim approach to performance evaluation

Lawrence R. Glosten and Ravi Jagannathan

158: Optimality of the Friedman rule in economies with distorting taxes

Varadarajan Chari, Lawrence Christiano and Patrick Kehoe

157: On the relation between the expected value and the volatility of the nominal excess return on stocks

Lawrence R. Glosten, Ravi Jagannathan and David E. Runkle

156: A contribution to the theory of pork barrel spending

Varadarajan Chari and Harold Cole

155: Banking in computable general equilibrium economies: technical appendices I and II

Fernando Alvarez and Terry Fitzgerald

154: Real effects of monetary policy in a world economy

Preston J. Miller and Richard M. Todd

153: Banking in computable general equilibrium economies

Javier Díaz-Giménez, Edward Prescott, Terry Fitzgerald and Fernando Alvarez

152: In search of scale effects in trade and growth

David Backus, Patrick Kehoe and Timothy Kehoe

151: On the existence and uniqueness of nonoptimal equilibria in dynamic stochastic economies

Jeremy Greenwood and Gregory Huffman

150: Liquidity effects and the monetary transmission mechanism

Lawrence Christiano and Martin Eichenbaum

149: Liquidity constraints in economies with aggregate fluctuations: a quantitative exploration

Javier Díaz-Giménez and Edward Prescott

148: Evaluating the accuracy of sampling-based approaches to the calculation of posterior moments

John Geweke

147: Optimal fiscal and monetary policy: some recent results

Varadarajan Chari, Lawrence Christiano and Patrick Kehoe

146: International real business cycles

David Backus, Patrick Kehoe and Finn Kydland

145: International evidence on the historical properties of business cycles

David Backus and Patrick Kehoe

144: Eliciting traders' knowledge in "frictionless" asset market

Edward Green

143: Contracts, constraints, and consumption

Edward Green and Soo-Nam Oh

142: A reconsideration of the problem of social cost: free riders and monopolists

Varadarajan Chari and Larry Jones

141: Barter and monetary exchange under private information

Stephen Williamson and Randall Wright

140: More on money as a medium of exchange

Timothy Kehoe, Nobuhiro Kiyotaki and Randall Wright

139: Why is automobile insurance in Philadelphia so damn expensive?

Eric Smith and Randall Wright

138: Tax analysis in a real business cycle model: on measuring Harberger triangles and Okun gaps

Jeremy Greenwood and Gregory Huffman

137: Reputation with multiple relationships: reviving reputation models of debt

Harold Cole and Patrick Kehoe

136: Technology adoption and growth

Stephen Parente and Edward Prescott

135: Homework in macroeconomics: household production and aggregate fluctuations

Jess Benhabib, Richard Rogerson and Randall Wright

134: A discussion of Cooley and Hansen's "welfare costs of moderate inflations."

Randall Wright

133: Indivisibilities, lotteries, and sunspot equilibria

Karl Shell and Randall Wright

132: Seigniorage as a tax: a quantitative evaluation

Ayse Imrohoroglu and Edward Prescott