Economics Working Paper Archive

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465: The Fed and the New Economy

Laurence Ball and Robert R Tchaidze

464: Economic Effects of Means-Tested Transfers in the US

Robert Moffitt

463: The Temporary Assistance for Needy Families Program

Robert Moffitt

462: The Epidemiology of Macroeconomic Expectations

Christopher Carroll

461: A Semiparametric Estimator for Dynamic Optimization Models

Han Hong and Matthew Shum

460: Optimal Cartel Pricing in the Presence of an Antitrust Authority

Joseph Harrington

459: Empirical Likelihood-Based Selection Criteria for Moment Condition Models

Han Hong, Bruce Preston and Matthew Shum

458: Sentiment Predictable Income and Habits in the Dynamics of Aggregate Consumption

Martin Sommer

457: Estimating Taylor Rules in a Real Time Setting

Robert R Tchaidze

456: Computing Sunspots in Linear Rational Expectations Models

Thomas Lubik and Frank Schorfheide

455: Liquidity Constraints and Precautionary Saving

Christopher Carroll and Miles Kimball

454: Durable-Goods Oligopoly with Secondary Markets: Theory and an Empirical Application to the Automobile Market

Susanna Esteban and Matthew Shum

453: Econometric Models of Asymmetric Ascending Auctions

Han Hong and Matthew Shum

450: Productivity Growth and the Phillips Curve

Laurence Ball and Robert Moffitt

449: Sutton on Marshall's Tendencies

Carl Christ

448: Firm Adaptation Consumer Sorting and Market Dominance

Joseph Harrington

447: Increasing Competition and the Winner's Curse: Evidence from Procurement

Han Hong and Matthew Shum

446: Sacrifice Ratios with Long-Lived Effects

Lawrence Huiyan Zhang

445: Precautionary Saving and the Marginal Propensity To Consume Out of Permanent Income

Christopher Carroll

444: Individual Learning About Consumption

Todd W Allen and Christopher Carroll

442: Organization of Innovation in a Multi-Unit Firm: Coordinating Adaptive Search on Multiple Rugged Landscapes

Myong-Hun Chang and Joseph Harrington

441: On the Non-Existence of Reputation Effects in Two-Person Infinitely-Repeated Games

Jimmy Chan

440: Does Banning Affirmative Action Harm College Student Quality

Jimmy Chan and Erik Eyster

437: The Diffusion of Innovations in Social Networks

H. Young

436: Rates of Information Aggregation in Common Value Auctions

Han Hong and Matthew Shum

435: Near-Rationality and Inflation in Two Monetary Regimes

Laurence Ball

434: Welfare Benefits and Female Headship in US Time Series

Robert Moffitt

433: International Comovement Revisited: The Role of Non-Traded Goods and Price Stickiness

Thomas Lubik

431: Measuring the Equilibrium Effects of Unemployment Benefits Dispersion

Aico van Vuuren, Gerard van den Berg and Geert Ridder

430: Portfolios of the Rich

Christopher Carroll

429: 'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income or How Much Would a Permanent Tax Cut Boost Japanese Consumption?

Christopher Carroll

426: Input and Output Inventories

Brad Humphreys, Louis Maccini and Scott Schuh

425: Social Employment Of Welfare Recipients In Belgium: An Evaluation

Bart Cockx and Geert Ridder

424: Semi-Nonparametric Estimation of an Equilibrium Search Model

Pierre Konig, Gerard J van der Berg and Geert Ridder

423: On the Impossibility of Predicting the Behavior of Rational Agents

Dean Foster and H. Young

421: Solving Consumption Models with Multiplicative Habits

Christopher Carroll

420: Realized Stock Volatility

Heiko Ebens

419: Progressive Ambition Electoral Selection and the Creation of Ideologues

Joseph Harrington

418: Decentralized Business Strategies in a Multi-Unit Firm

Myong-Hun Chang and Joseph Harrington

417: A Simple Game-Theoretic Explanation for the Relationship Between Group Size and Helping

Joseph Harrington

416: Unemployment Risk and Precautionary Wealth: Evidence from Households' Balance Sheets

Christopher Carroll, Karen E Dynan and Spencer Krane

415: Social Employment of Welfare Recipients in Belgium: An Evaluation

Geert Ridder and Bart Cockx

414: Taxation and the Labor Supply - Decisions of the Affluent

Robert Moffitt and Mark Wilhelm

413: Discrete Choice and Stochastic Utility Maximization

Ruud Koning and Geert Ridder

412: Correcting for Selective Compliance in a Re-Employment Bonus Experiment

Govert Bijwaard and Geert Ridder

411: Organizational Structure and Perpetual Innovation: A Computational Model of a Retail Chain

Myong-Hun Chang and Joseph Harrington

409: The Supremum Argument in the New Approach to the Existence of Equilibrium in Vector Lattices

M. Khan, Rabee Tourky and Rajiv Vohra

406: Homeownership Committed Expenditure Risk and the Stockholding Puzzle

Michael C Fratantoni

405: Assymptotic Arbitrage and Asset Pricing Models on General Index Sets and on the Lebesgue Continuum

M. Khan and Yeneng Sun

404: The Murdukovich Normal Cone and the Foundations of Welfare Economics

M. Khan