NBER Working Papers

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12725: Do Trade Policy Differences Induce Sorting? Theory and Evidence from Bangladeshi Apparel Exporters

Svetlana Demidova, Hiau Looi Kee and Kala Krishna

12724: Security Issue Timing: What Do Managers Know, and When Do They Know It?

Dirk Jenter, Katharina Lewellen and Jerold B. Warner

12723: The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data

Charles Horioka and Junmin Wan

12722: Innovation and Productivity across Four European Countries

Rachel Griffith, Elena Huergo, Jacques Mairesse and Bettina Peters

12721: Trading Tasks: A Simple Theory of Offshoring

Gene Grossman and Esteban Rossi-Hansberg

12720: Coarse Thinking and Persuasion

Sendhil Mullainathan, Joshua Schwartzstein and Andrei Shleifer

12719: A Comment Concerning Deposit Insurance and Moral Hazard

Gary Richardson

12718: Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding

Joshua Aizenman and Jaewoo Lee

12717: Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited

Gary Richardson

12716: Correspondent Clearing and the Banking Panics of the Great Depression

Gary Richardson

12715: Quarterly Data on the Categories and Causes of Bank Distress During the Great Depression

Gary Richardson

12714: Painting by Proxy: The Conceptual Artist as Manufacturer

David Galenson

12713: The Effect of Monetary Policy on Real Commodity Prices

Jeffrey Frankel

12712: A Product-Quality View of the Linder Hypothesis

Juan Hallak

12711: A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed

Andrew Rose

12710: Gold Rush Fever in Business Cycles

Paul Beaudry, Fabrice Collard and Franck Portier

12709: Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes

Kelly Shue and Erzo Luttmer

12708: The "Great Moderation" and the US External Imbalance

Alessandra Fogli and Fabrizio Perri

12707: What Drives Media Slant? Evidence from U.S. Daily Newspapers

Matthew Gentzkow and Jesse Shapiro

12706: Contracts as Reference Points

Oliver Hart and John Moore

12705: Basel II: A Contracting Perspective

Edward Kane

12704: Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis

Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo Pesenti

12703: Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis

Douglas Laxton, Papa N'Diaye and Paolo Pesenti

12702: Repugnance as a Constraint on Markets

Alvin Roth

12701: Bequest and Tax Planning: Evidence From Estate Tax Returns

Wojciech Kopczuk

12700: Instruments of Commerce and Knowledge: Probe Microscopy, 1980-2000

Cyrus C. M. Mody

12699: Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate

Maurice Obstfeld

12698: Capital Account Liberalization: Theory, Evidence, and Speculation

Peter Henry

12697: Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US

Karen Lewis

12696: Americans' Dependency on Social Security

Laurence Kotlikoff, Benjamin Marx and Pietro Rizza

12695: The Economics of Conflicts of Interest in Financial Institutions

Hamid Mehran and René Stulz

12694: The Evolution of Work

Markus Mobius and Raphael Schoenle

12693: Educational Mismatch Among Ph.D.s: Determinants and Consequences

Keith Bender and John Heywood

12692: International Knowledge Flows: Evidence from an Inventor-Firm Matched Data Set

Jinyoung Kim, Sangjoon John Lee and Gerald Marschke

12691: Does Science Promote Women? Evidence from Academia 1973-2001

Donna Ginther and Shulamit Kahn

12690: Vector Multiplicative Error Models: Representation and Inference

Fabrizio Cipollini, Robert Engle and Giampiero Gallo

12689: AIDS Treatment and Intrahousehold Resource Allocations: Children's Nutrition and Schooling in Kenya

Joshua Graff Zivin, Harsha Thirumurthy and Markus Goldstein

12688: The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States

David Bloom, David Canning, Michael Moore and Younghwan Song

12687: Has Globalization Changed Inflation?

Laurence Ball

12686: Health Shocks, Village Elections, and Long-Term Income: Evidence from Rural China

Li Gan, Lixin Xu and Yang Yao

12685: The Optimal Income Taxation of Couples

Henrik Jacobsen Kleven, Claus Kreiner and Emmanuel Saez

12684: Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head

Amartya Lahiri, Rajesh Singh and Carlos Vegh

12683: The Growing Allocative Inefficiency of the U.S. Higher Education Sector

James Adams and J. Roger Clemmons

12682: Price Impacts of Deals and Predictability of the Exchange Rate Movements

Takatoshi Ito and Yuko Hashimoto

12681: Health Insurance as a Two-Part Pricing Contract

Darius Lakdawalla and Neeraj Sood

12680: Economic Well-Being at Older Ages: Income- and Consumption-Based Poverty Measures in the HRS

Michael Hurd and Susann Rohwedder

12679: Judicial Fact Discretion

Nicola Gennaioli and Andrei Shleifer

12678: Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago

Alberto Abadie and Sofia Dermisi

12677: World Technology Usage Lags

Diego Comin, Bart Hobijn and Emilie Rovito

12676: European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending

Joseph H. Golec and John A. Vernon

12675: Complex Ownership Structures and Corporate Valuations

Luc Laeven and Ross Levine

12674: The SES Health Gradient on Both Sides of the Atlantic

James Banks, Michael Marmot, Zoe Oldfield and James Smith

12673: Euros and Zeros: The Common Currency Effect on Trade in New Goods

Richard Baldwin and Virginia Di Nino

12672: Linear-Quadratic Approximation of Optimal Policy Problems

Pierpaolo Benigno and Michael Woodford

12671: Testing Models of Low-Frequency Variability

Ulrich Mueller and Mark Watson

12670: A Search-Based Theory of the On-the-Run Phenomenon

Dimitri Vayanos and Pierre-Olivier Weill

12669: Minerva Unbound: Knowledge Stocks, Knowledge Flows and New Knowledge Production

Lynne Zucker, Michael Darby, Jonathan Furner, Robert C. Liu and Hongyan Ma

12668: A Solution to Two Paradoxes of International Capital Flows

Jiandong Ju and Shang-Jin Wei

12667: Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs

Shang-Jin Wei and Zhiwei Zhang

12666: On the Origins of "A Monetary History"

Hugh Rockoff

12665: Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective

Matthias Doepke and Dirk Krueger

12664: Quality-Consistent Estimates of International Returns to Skill

Eric Hanushek and Lei Zhang

12663: Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research

David Neumark and William Wascher

12662: The Historical Origins of U.S. Exchange Market Intervention Policy

Michael Bordo, Owen Humpage and Anna Schwartz

12661: Anticipating the Stock Market Crash of 1929: The View from the Floor of the Stock Exchange

Eugene White

12660: Thin-Slice Forecasts of Gubernatorial Elections

Daniel Benjamin and Jesse Shapiro

12659: Simplification and Saving

John Beshears, James Choi, David Laibson and Brigitte Madrian

12658: Asset Pricing Models with Conditional Betas and Alphas: The Effects of Data Snooping and Spurious Regression

Wayne Ferson, Sergei Sarkissian and Timothy Simin

12657: Was the Wealth of Nations Determined in 1000 B.C.?

Diego Comin, William Easterly and Erick Gong

12656: Bankruptcy and Collateral in Debt Constrained Markets

Timothy Kehoe and David Levine

12655: Is the Eldest Son Different? The Residential Choice of Siblings in Japan

Midori Wakabayashi and Charles Horioka

12654: Inflation Implications of Rising Government Debt

Chryssi Giannitsarou and Andrew Scott

12653: Political Competitiveness

Casey Mulligan and Kevin Tsui

12652: The Effects of Education Quality on Income Growth and Mortality Decline

Eliot A. Jamison, Dean Jamison and Eric Hanushek

12651: School Quality and the Black-White Achievement Gap

Eric Hanushek and Steven Rivkin

12650: Long Term Risk: An Operator Approach

Lars Hansen and Jose Scheinkman

12649: Why do firms hold so much cash? A tax-based explanation

C. Fritz Foley, Jay C. Hartzell, Sheridan Titman and Garry Twite

12648: Learning and Disagreement in an Uncertain World

Daron Acemoglu, Victor Chernozhukov and Muhamet Yildiz

12647: Two Flaws In Business Cycle Accounting

Lawrence Christiano and Joshua M. Davis

12646: Product Differentiation and Film Programming Choice: Do First-Run Movie Theatres Show the Same Films?

Darlene C. Chisholm, Margaret McMillan and George Norman

12645: The Economics of Earnings Manipulation and Managerial Compensation

Keith J. Crocker and Joel Slemrod

12644: Devaluation with Contract Redenomination in Argentina

Charles Calomiris

12643: Cost-Offsets of New Medications for Treatment of Schizophrenia

Richard G. Frank, Thomas G. McGuire and Sharon-Lise Normand

12642: Welfare Reform and Indirect Impacts on Health

Marianne Bitler and Hilary Hoynes

12641: Crime and Punishment in the "American Dream"

Rafael Di Tella and Juan Dubra

12640: University Patenting: Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption

Carlos Rosell and Ajay Agrawal

12639: Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market

David Card, Raj Chetty and Andrea Weber

12638: Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections

Glenn Rudebusch and John Williams

12637: A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy

Dale F. Gray, Robert Merton and Zvi Bodie

12636: When Bioterrorism Was No Big Deal

Patricia E. Beeson and Werner Troesken

12635: Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels

Christopher Knittel and Jason J. Lepore

12634: When is Market Incompleteness Irrelevant for the Price of Aggregate Risk (and when is it not)?

Dirk Krueger and Hanno Lustig

12633: Illiquid Assets and Optimal Portfolio Choice

Eduardo S. Schwartz and Claudio Tebaldi

12632: Does Television Cause Autism?

Michael Waldman, Sean Nicholson and Nodir Adilov

12631: The Impact of Incentives on Human Behavior: Can We Make It Disappear? The Case of the Death Penalty

Naci Mocan and R. Gittings

12630: On the Heterogeneity of Dowry Motives

Raj Arunachalam and Trevon Logan

12629: Real Business Cycles in Emerging Countries?

Javier García-Cicco, Roberto Pancrazi and Martín Uribe

12628: Cramming: The Effects of School Accountability on College-Bound Students

Colleen Donovan, David Figlio and Mark Rush

12627: Individual Teacher Incentives And Student Performance

David Figlio and Lawrence Kenny

12626: The Performance of Reverse Leveraged Buyouts

Jerry Cao and Josh Lerner