NBER Working Papers

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10878: Two Decades of Japanese Monetary Policy and the Deflation Problem

Takatoshi Ito and Frederic Mishkin

10877: Product Quality, Linder, and the Direction of Trade

Juan Hallak

10876: Minimum Hours Constraints, Job Requirements and Retirement

Alan Gustman and Thomas L. Steinmeier

10875: Standing on Academic Shoulders: Measuring Scientific Influence in Universities

James Adams, J. Roger Clemmons and Paula Stephan

10874: Piracy on the High C's: Music Downloading, Sales Displacement, and Social Welfare in a Sample of College Students

Rafael Rob and Joel Waldfogel

10873: From Home to Hospital: The Evolution of Childbirth in the United States, 1927-1940

Melissa Thomasson and Jaret Treber

10872: Acquiring Control in Emerging Markets: Evidence from the Stock Market

Anusha Chari, Paige P. Ouimet and Linda Tesar

10871: Tiebout Sorting, Social Multipliers and the Demand for School Quality

Patrick Bayer, Fernando Ferreira and Robert McMillan

10870: Policy Watch: Challenges for Terrorism Risk Insurance in the United States

Howard Kunreuther and Erwann Michel-Kerjan

10869: The Unsustainable US Current Account Position Revisited

Maurice Obstfeld and Kenneth Rogoff

10868: Autopsy on an Empire: Understanding Mortality in Russia and the Former Soviet Union

Elizabeth Brainerd and David Cutler

10867: Theoretical Foundations of Buffer Stock Saving

Christopher Carroll

10866: Estimating Real Production and Expenditures Across Nations: A Proposal for Improving the Penn World Tables

Robert Feenstra, Alan Heston, Marcel Timmer and Haiyan Deng

10865: An Equilibrium Model of Sorting in an Urban Housing Market

Patrick Bayer, Robert McMillan and Kim Rueben

10864: Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks

Assaf Razin, Yona Rubinstein and Efraim Sadka

10863: Behavioral Corporate Finance: A Survey

Malcolm Baker, Richard S. Ruback and Jeffrey Wurgler

10862: Increases in Wealth among the Elderly in the Early 1990s: How Much is Due to Survey Design?

Susann Rohwedder, Steven Haider and Michael Hurd

10861: Compensating Wage Differentials and AIDS Risk

Jeffrey DeSimone and Edward J. Schumacher

10860: Life-Cycle Asset Accumulation and Allocation in Canada

Kevin Milligan

10859: Poverty, Political Freedom, and the Roots of Terrorism

Alberto Abadie

10858: The Economics of Corporate Tax Selfishness

Joel Slemrod

10857: Re-Assessing the U.S. Quality Adjustment to Computer Prices: The Role of Durability and Changing Software

Robert Feenstra and Christopher Knittel

10856: Microstructure of the Yen/Dollar Foreign Exchange Market: Patterns of Intra-day Activity Revealed in the Electronic Broking System

Takatoshi Ito and Yuko Hashimoto

10855: Oil and the Macroeconomy Since the 1970s

Robert Barsky and Lutz Kilian

10854: Economic Growth and the Environment: A Review of Theory and Empirics

William Brock and M. Scott Taylor

10853: The US Gender Pay Gap in the 1990s: Slowing Convergence

Francine Blau and Lawrence Kahn

10852: The Cross-Section of Volatility and Expected Returns

Andrew Ang, Robert Hodrick, Yuhang Xing and Xiaoyan Zhang

10851: The Impact of Population Aging on Financial Markets

James Poterba

10850: Do Stock Prices Really Reflect Fundamental Values? The Case of REITs

William Gentry, Charles Jones and Christopher Mayer

10849: Globalization, Macroeconomic Performance, and the Exchange Rates of Emerging Economies

Maurice Obstfeld

10848: The Elusive Welfare Economics of Price Stability as a Monetary Policy Objective: Should New Keynesian Central Bankers Pursue Price Stability?

Willem Buiter

10847: Charles Kindleberger

Edward Kane

10846: Quantitative Goals for Monetary Policy

Antonio Fatas, Ilian Mihov and Andrew Rose

10845: Dollar Shortages and Crises

Raghuram Rajan

10844: Does Immigration Affect the Long-Term Educational Outcomes of Natives? Quasi-Experimental Evidence

Eric Gould, Victor Lavy and M. Daniele Paserman

10843: External Adjustment

Maurice Obstfeld

10842: The Measurement and Evolution of Health Inequality: Evidence from the U.S. Medicare Population

Jonathan Skinner and Weiping Zhou

10841: Dividend Taxes and Corporate Behavior: Evidence from the 2003 Dividend Tax Cut

Raj Chetty and Emmanuel Saez

10840: Optimal Monetary and Fiscal Policy in a Liquidity Trap

Gauti Eggertsson and Michael Woodford

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