NBER Working Papers

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10839: Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State

Pierpaolo Benigno and Michael Woodford

10838: Inflation Stabilization and Welfare: The Case of a Distorted Steady State

Pierpaolo Benigno and Michael Woodford

10837: Job Search and Impatience

Stefano DellaVigna and M. Daniele Paserman

10836: Trade, Tragedy, and the Commons

Brian Copeland and M. Scott Taylor

10835: Strategic Extremism: Why Republicans and Democrats Divide on Religious Values

Edward Glaeser, Giacomo Ponzetto and Jesse Shapiro

10834: Keeping Capital Flowing: The Role of the IMF

Michael Bordo, Ashoka Mody and Nienke Oomes

10833: Deflation and Monetary Policy in a Historical Perspective: Remembering the Past or Being Condemned to Repeat It?

Michael Bordo and Andrew Filardo

10832: Finance as a Barrier to Entry: Bank Competition and Industry Structure in Local U.S. Markets

Nicola Cetorelli and Philip E. Strahan

10831: Why Do Computers Depreciate?

Michael J. Geske, Valerie Ramey and Matthew Shapiro

10830: Export Variety and Country Productivity

Robert Feenstra and Hiau Looi Kee

10829: Can Central Bank Transparency Go Too Far?

Frederic Mishkin

10828: Accounting for Cross-Country Income Differences

Francesco Caselli

10827: Monetary Policy and the Currency Denomination of Debt: A Tale of Two Equilibria

Andres Velasco and Roberto Chang

10826: Reciprocated Unilateralism in Trade Reforms with Majority Voting

Pravin Krishna and Devashish Mitra

10825: Empirical Study of the Civil Justice System

Daniel P. Kessler and Daniel L. Rubinfeld

10824: Charging NOx Emitters for Health Damages: An Exploratory Analysis

Denise Mauzerall, Babar Sultan, Namsoug Kim and David Bradford

10823: Pseudo Market Timing and Predictive Regressions

Malcolm Baker, Ryan Taliaferro and Jeffrey Wurgler

10822: Assessing the Impacts of the Prescription Drug User Fee Acts (PDUFA) on the FDA Approval Process

Ernst R. Berndt, Adrian H. B. Gottschalk, Tomas Philipson and Matthew W. Strobeck

10821: Corruption in America

Edward Glaeser and Raven Saks

10820: Dynamic Trading Strategies and Portfolio Choice

Ravi Bansal, Magnus Dahlquist and Campbell Harvey

10819: Overestimating Self_Control: Evidence from the Health Club Industry

Stefano DellaVigna and Ulrike Malmendier

10818: Inflation Targeting and Japan: Why has the Bank of Japan not Adopted Inflation Targeting?

Takatoshi Ito

10817: Global Demographic Change: Dimensions and Economic Significance

David Bloom and David Canning

10816: Over-the-Counter Markets

Darrell Duffie, Nicolae Garleanu and Lasse Pedersen

10815: Efficiency of Thin and Thick Markets

Li Gan and Qi Li

10814: Asset Pricing with Liquidity Risk

Viral Acharya and Lasse Pedersen

10813: Who Makes Acquisitions? CEO Overconfidence and the Market's Reaction

Ulrike Malmendier and Geoffrey Tate

10812: Are Investors Naive About Incentives?

Ulrike Malmendier and Devin Shanthikumar

10811: Testing a Roy Model with Productivity Spillovers: Evidence from the Treatment of Heart Attacks

Amitabh Chandra and Doug Staiger

10810: Health Shocks and Couples' Labor Supply Decisions

Courtney Coile

10809: The Effect of College Curriculum on Earnings: Accounting for Non-Ignorable Non-Response Bias

Daniel Hamermesh and Stephen Donald

10808: Fear of Service Outsourcing: Is It Justified?

Mary Amiti and Shang-Jin Wei

10807: CEO Overconfidence and Corporate Investment

Ulrike Malmendier and Geoffrey Tate

10806: Economic Effects of Regional Tax Havens

Mihir A. Desai, C. Fritz Foley and James Hines

10805: Estimating the Expected Marginal Rate of Substitution: Exploiting Idiosyncratic Risk

Robert Flood and Andrew Rose

10804: Why Do Households Without Children Support Local Public Schools?

Christian Hilber and Christopher Mayer

10803: A Revealed Preference Ranking of U.S. Colleges and Universities

Christopher Avery, Mark Glickman, Caroline Hoxby and Andrew Metrick

10802: Jurisdictional Advantage

Maryann Feldman and Roger Martin

10801: Transaction Costs: Valuation Disputes, Bi-Lateral Monopoly Bargaining and Third-Party Effects in Water Rights Exchanges. The Owens Valley Transfer to Los Angeles

Gary Libecap

10800: Inequality, Nonhomothetic Preferences, and Trade: A Gravity Approach

Muhammed Dalgin, Devashish Mitra and Vitor Trindade

10799: Healthcare Markets, the Safety Net and Access to Care Among the Uninsured

Carole Roan Gresenz, Jeanette A. Rogowski and Jose Escarce

10798: Migration, Social Standards and Replacement Incomes: How to Protect Low-income Workers in the Industrialized Countries Against the Forces of Globalization and Market Integration

Hans-Werner Sinn

10797: The Performance of the Pivotal-Voter Model in Small-Scale Elections: Evidence from Texas Liquor Referenda

Stephen Coate, Michael Conlin and Andrea Moro

10796: The Changing Association Between Prenatal Participation in WIC and Birth Outcomes in New York City

Ted Joyce, Diane Gibson and Silvie Colman

10795: Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby's and Christie's

Orley Ashenfelter and Kathryn Graddy

10794: Investor Sentiment Measures

Lily Qiu and Ivo Welch

10793: New Goods and the Transition to a New Economy

Jeremy Greenwood and Gokce Uysal

10792: Designing Optimal Disability Insurance: A Case for Asset Testing

Mikhail Golosov and Aleh Tsyvinski

10791: The Rise of the Fourth Estate: How Newspapers Became Informative and Why It Mattered

Matthew Gentzkow, Edward Glaeser and Claudia Goldin

10790: Putting the Brakes on Sudden Stops: The Financial Frictions-Moral Hazard Tradeoff of Asset Price Guarantees

Enrique Mendoza and C. Bora Durdu

10789: Subjective Mortality Risk and Bequests

Li Gan, Guan Gong, Michael Hurd and Daniel McFadden

10788: Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries

Silvia Ardagna, Francesco Caselli and Timothy Lane

10787: What Does the Public Know about Economic Policy, and How Does It Know It?

Alan Blinder and Alan Krueger

10786: Contingent Reserves Management: An Applied Framework

Ricardo Caballero and Stavros Panageas

10785: The Comovement of Returns and Investment Within the Multinational Firm

Mihir A. Desai and C. Fritz Foley

10784: Household Expenditure and the Income Tax Rebates of 2001

David S. Johnson, Jonathan Parker and Nicholas Souleles

10783: Working the System: Firm Learning and the Antidumping Process

Bruce Blonigen

10782: Supply or Demand: Why is the Market for Long-Term Care Insurance So Small?

Jeffrey Brown and Amy Finkelstein

10781: Financing Consumption in an Aging Japan: The Role of Foreign Capital Inflows in Immigration

Robert Dekle

10780: When it Rains, it Pours: Procyclical Capital Flows and Macroeconomic Policies

Graciela Kaminsky, Carmen Reinhart and Carlos Vegh

10779: Bulls, Bears, and Retirement Behavior

Courtney Coile and Phillip Levine

10778: Markets in China and Europe on the Eve of the Industrial Revolution

Carol Shiue and Wolfgang Keller

10777: Neighborhood Effects on Crime for Female and Male Youth: Evidence from a Randomized Housing Voucher Experiment

Jeffrey Kling, Jens Ludwig and Lawrence Katz

10776: When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings?

Paul Beaudry and Franck Portier

10775: Corruption and Reform: An Introduction

Edward Glaeser and Claudia Goldin

10774: Compatibility and Pricing with Indirect Network Effects: Evidence from ATMs

Christopher Knittel and Victor Stango

10773: Do Acquirers With More Uncertain Growth Prospects Gain Less From Acquisitions?

Sara B. Moeller, Frederik Schlingemann and René Stulz

10772: Marriage and Divorce since World War II: Analyzing the Role of Technological Progress on the Formation of Households

Jeremy Greenwood and Nezih Guner

10771: The Pre-Producers

Boyan Jovanovic

10770: On the Industry Concentration of Actively Managed Equity Mutual Funds

Marcin Kacperczyk, Clemens Sialm and Lu Zheng

10769: Social Networks and Trade Liberalization

Manish Pandey and John Whalley

10768: The Impact of China on the Exports of Other Asian Countries

Barry Eichengreen, Yeongseop Rhee and Hui Tong

10767: Growth and Ideas

Charles Jones

10766: Finance and Growth: Theory and Evidence

Ross Levine

10765: Technological Progress and Economic Transformation

Jeremy Greenwood and Ananth Seshadri

10764: Shocks and Government Beliefs: The Rise and Fall of American Inflation

Thomas Sargent, Noah Williams and Tao Zha

10763: Will Job Testing Harm Minority Workers?

David Autor and David Scarborough

10762: Effects of Child Health on Sources of Public Support

Nancy E. Reichman, Hope Corman and Kelly Noonan

10761: The Optimal Use of Fines and Imprisonment When Wealth is Unobservable

A. Mitchell Polinsky

10760: Optimal Fines and Auditing When Wealth is Costly to Observe

A. Mitchell Polinsky

10759: Explaining Diversities in Age-Specific Life Expectancies and Values of Life Saving: A Numerical Analysis

Isaac Ehrlich and Yong Yin

10758: Patent Licensing and the Research University

Richard Jensen and Marie Thursby

10757: Socioeconomic Status and Medical Care Expenditures in Medicare Managed Care

Kanika Kapur, Jeannette A. Rogowski, Vicki A. Freedman, Steven L. Wickstrom, John L. Adams and Jose J. Escarce

10756: Can Interest Rate Volatility be Extracted from the Cross Section of Bond Yields? An Investigation of Unspanned Stochastic Volatility

Pierre Collin-Dufresne, Christopher Jones and Robert S. Goldstein

10755: Predatory Trading

Markus Brunnermeier and Lasse Pedersen

10754: The Appeals Process and Adjudicator Incentives

Steven Shavell

10753: Sovereign Debt and Repudiation: The Emerging-Market Debt Crisis in the U.S. States, 1839-1843

John Joseph Wallis, Richard E. Sylla and Arthur Grinath

10752: High Performing Asian Economies

Robert Fogel

10751: The Long-Run Volatility Puzzle of the Real Exchange Rate

Ricardo Hausmann, Ugo Panizza and Roberto Rigobon

10750: Rule of Law, Democracy, Openness, and Income: Estimating the Interrelationships

Roberto Rigobon and Dani Rodrik

10749: Once Again, is Openness Good for Growth?

Ha Yan Lee, Luca Ricci and Roberto Rigobon

10748: Why Do Incumbent Senators Win? Evidence from a Dynamic Selection Model

Gautam Gowrisankaran, Matthew Mitchell and Andrea Moro

10747: Targeting Rules vs. Instrument Rules for Monetary Policy: What is Wrong with McCallum and Nelson?

Lars Svensson

10746: Faster, Smaller, Cheaper: An Hedonic Price Analysis of PDAs

Paul D. Chwelos, Ernst R. Berndt and Iain Cockburn

10745: Does the Impact of Managed Care on Substance Abuse Treatment Services Vary By Profit Status?

Jody Sindelar and Todd Olmstead

10744: Effective Labor Regulation and Microeconomic Flexibility

Ricardo Caballero, Kevin Cowan, Eduardo Engel and Alejandro Micco

10743: Multi-Period Corporate Failure Prediction with Stochastic Covariates

Darrell Duffie and Ke Wang

10742: Stealth Compensation Via Retirement Benefits

Lucian Bebchuk and Jesse M. Fried

10741: On the Timing of Innovation in Stochastic Schumpeterian Growth Models

Gadi Barlevy

10740: Disaggregating Employment Protection: The Case of Disability Discrimination

Christine Jolls and J.J. Prescott