NBER Working Papers

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9660: Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data

Jon Faust, John Rogers, Eric Swanson and Jonathan Wright

9659: Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships

Raymond Fisman and Mayank Raturi

9658: Financial Crises as Herds: Overturning the Critiques

Varadarajan Chari and Patrick Kehoe

9657: Payout Policy in the 21st Century

Alon Brav, John R. Graham, Campbell Harvey and Roni Michaely

9656: Was It Stolper-Samuelson, Infant Industry or Something Else? World Trade Tariffs 1789-1938

Jeffrey Williamson

9655: The Cross Border Mergers and Acquisitions Wave of the Late 1990s

Simon Evenett

9654: Exchange Rate Regime Choice in Historical Perspective

Michael Bordo

9653: Are Idle Hands the Devil's Workshop? Incapacitation, Concentration and Juvenile Crime

Brian A. Jacob and Lars Lefgren

9652: Public Housing, Housing Vouchers and Student Achievement: Evidence from Public Housing Demolitions in Chicago

Brian A. Jacob

9651: Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends

Randall Morck

9650: Time Vs. Goods: The Value of Measuring Household Production Technologies

Reuben Gronau and Daniel Hamermesh

9649: Barriers to Entering Medical Specialties

Sean Nicholson

9648: Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan

Rasmus Fatum and Michael Hutchison

9647: Household Portfolios in Japan

Tokuo Iwaisako

9646: Financial Distress and Employment: The Japanese Case in the 90s

Kazuo Ogawa

9645: Sources of Funds and Investment Activities of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK

Colin Mayer, Koen Schoors and Yishay Yafeh

9644: Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan

Patrick McGuire

9643: Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan

Joe Peek and Eric Rosengren

9642: Idiosyncratic Risk and the Creative Destruction in Japan

Yasushi Hamao, Jianping Mei and Yexiao Xu

9641: Human Capital Externalities in Cities

Enrico Moretti

9640: Spillovers Across U.S. Financial Markets

Roberto Rigobon and Brian Sack

9639: Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics

Andrew Bernard, J. Jensen and Peter Schott

9638: Alcohol Abuse and Suicide Attempts Among Youth - Correlation or Causation?

Pinka Chatterji, Dhaval Dave, Robert Kaestner and Sara Markowitz

9637: Geography and Export Performance: External Market Access and Internal Supply Capacity

Stephen Redding and Anthony Venables

9636: Do Airline Bankruptcies Reduce Air Service?

Severin Borenstein and Nancy Rose

9635: Fifty-four Forty or Fight!

Herschel Grossman

9634: Continuing Dangers of Disinformation in Corporate Accounting Reports

Edward Kane

9633: The Flattening Firm: Evidence from Panel Data on the Changing Nature of Corporate Hierarchies

Raghuram Rajan and Julie Wulf

9632: Teen Births Keep American Crime High

Jennifer Hunt

9631: Reciprocated Unilateralism in Trade Policy: An Interest-Group Approach

Pravin Krishna and Devashish Mitra

9630: Does Returning to Work After Childbirth Affect Breastfeeding Practices?

Pinka Chatterji and Kevin Frick

9629: Collective Investment Decision Making with Heterogeneous Time Preferences

Christian Gollier and Richard Zeckhauser

9628: Does Family Structure Affect Children's Educational Outcomes?

Donna Ginther and Robert Pollak

9627: Who Bears the Growing Cost of Science at Universities?

Ronald Ehrenberg, Michael J. Rizzo and George H. Jakubson

9626: Does Medicaid Pay Too Much for Prescription Drugs? A Case Study of Atypical Anti-Psychotics

Mark Duggan

9625: Evolving Discretionary Practices of U.S Antidumping Activity

Bruce Blonigen

9624: How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's

Charles Calomiris and Joseph R. Mason

9623: Deflation: Prevention and Cure

Willem Buiter

9622: Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice

Louis Kaplow and Steven Shavell

9621: Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region

Tetsushi Sonobe and Keijiro Otsuka

9620: Bank Supervision and Corporate Finance

Thorsten Beck, Asli Demirguc-Kunt and Ross Levine

9619: Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Wellbeing

Justin Wolfers

9618: Military Expenditure, Threats, and Growth

Joshua Aizenman and Reuven Glick

9617: Why Plant-Level Productivity Studies are Often Misleading, and an Alternative Approach to Interference

Hajime Katayama, Shihua Lu and James Tybout

9616: New Estimates of the Average Tariff of the United States, 1790-1820

Douglas Irwin

9615: Productivity in Pharmaceutical Biotechnology R&D: The Role of Experience and Alliances

Patricia Danzon, Sean Nicholson and Nuno Sousa Pereira

9614: Migration, Spillovers,and Trade Diversion: The Impact of Internationalization on Stock Market Liquidity

Ross Levine and Sergio Schmukler

9613: The State of U.S. Corporate Governance: What's Right and What's Wrong?

Bengt Holmstrom and Steven Kaplan

9612: Hog Round Marketing, Seed Quality, and Government Policy: Institutional Change in U.S. Cotton Production, 1920-1960

Alan Olmstead and Paul Rhode

9611: How Often to Sample a Continuous-Time Process in the Presence of Market Microstructure Noise

Yacine Ait-Sahalia and Per A. Mykland

9610: Effects of Child Health on Parents' Relationship Status

Nancy E. Reichman, Hope Corman and Kelly Noonan

9609: The Effects of War Risk on U.S. Financial Markets

Roberto Rigobon and Brian Sack

9608: The New Comparative Economics

Simeon Djankov, Edward Glaeser, Rafael La Porta, Florencio Lopez- de-Silane and Andrei Shleifer

9607: The Evolution of High Incomes in Canada, 1920-2000

Emmanuel Saez and Michael Veall

9606: A Brazilian-Type Debt Crisis: Simple Analytics

Assaf Razin and Efraim Sadka

9605: Expected Returns and Expected Dividend Growth

Martin Lettau and Sydney Ludvigson

9604: Frictionless Technology Diffusion: The Case of Tractors

Rodolfo Manuelli and Ananth Seshadri

9603: In-State versus Out-of State Students: The Divergence of Interest between Public Universities and State Governments

Jeffrey A. Groen and Michelle White

9602: The Effect of Automobile Insurance and Accident Liability Laws in Traffic Fatalities

Alma Cohen and Rajeev Dehejia

9601: Power-hungry Candidates, Policy Favors, and Pareto Improving Campaign Finance Policy

Stephen Coate

9600: Antitrust Merger Policy: Lessons from the Australian Experience

Philip L. Williams and Graeme Woodbridge

9599: Inflation Targeting and Sudden Stops

Ricardo Caballero and Arvind Krishnamurthy

9598: Intellectual Property & External Consumption Effects: Generalizations from Pharmaceutical Markets

Tomas Philipson and Stéphane Mechoulan

9597: The Kindergarten Rule of Sustainable Growth

William Brock and M. Scott Taylor

9596: Transition Policy: A Conceptual Framework

Louis Kaplow

9595: Banks and Markets: The Changing Character of European Finance

Luigi Zingales and Raghuram Rajan

9594: Historical Perspectives on U.S. Economic Geography

Sukkoo Kim and Robert Margo

9593: Race and Pregnancy Outcomes in the Twentieth Century: A Long-Term Comparison

Dora Costa

9592: Rail Reform Strategies: The Australian Experience

Helen Owens

9591: A Workers' Lobby to Provide Portable Benefits

Joni Hersch

9590: Union Participation in Strategic Decisions of Corporations

Eileen Appelbaum and Larry W. Hunter

9589: Market Evaluations of Banking Fragility in Japan: Japan Premium, Stock Prices, and Credit Derivatives

Takatoshi Ito and Kimie Harada

9588: Are There Civic Returns to Education?

Thomas Dee

9587: What Do Financial Markets Think of War in Iraq?

Andrew Leigh, Justin Wolfers and Eric Zitzewitz

9586: The Retirement-Consumption Puzzle: Anticipated and Actual Declines in Spending at Retirement

Michael Hurd and Susann Rohwedder

9585: The Effect of Expected Income on Individual Migration Decisions

John Kennan and James Walker

9584: Does Education Improve Citizenship? Evidence from the U.S. and the U.K

Kevin Milligan, Enrico Moretti and Philip Oreopoulos

9583: Financial Development and the Composition of Industrial Growth

Raymond Fisman and Inessa Love

9582: Financial Dependence and Growth Revisited

Raymond Fisman and Inessa Love

9581: The Measurement of Firm-Specific Organization Capital

Baruch Lev and Suresh Radhakrishnan

9580: Foreign Capital in Latin America in the Nineteenth and Twentieth Centuries

Alan Taylor

9579: Categorical Cognition: A Psychological Model of Categories and Identification in Decision Making

Roland Fryer and Matthew Jackson

9578: Openness and Growth: What's the Empirical Relationship?

Robert Baldwin

9577: Does Inflation Targeting Matter?

Laurence Ball and Niamh Sheridan

9576: Active Labour Market Policies and the British New Deal for the Young Unemployed in Context

John van Reenen

9575: Sources of Corporate Financing and Economic Crisis in Korea: A Micro-evidence

Youngjae Lim

9574: Initial Public Offering and Corporate Governance in China's Transitional Economy

Chien-Hsun Chen and Hui-Tzu Shih

9573: Characteristics of Foreign-Owned Firms in British Manufacturing

Rachel Griffith and Helen Simpson

9572: Traders, Cops and Robbers

James Anderson

9571: An Econometric Model of Serial Correlation and Illiquidity in Hedge Fund Returns

Mila Getmansky, Andrew Lo and Igor Makarov

9570: On the International Financial Architecture: Insuring Emerging Markets

Ricardo Caballero

9569: How Workers Fare When Employers Innovate

Sandra Black, Lisa Lynch and Anya Krivelyova

9568: Monetary Rules for Small, Open, Emerging Economies

Douglas Laxton and Paolo Pesenti

9567: Subsidies to Employee Health Insurance Premiums and the Health Insurance Market

Jonathan Gruber and Ebonya Washington

9566: Modeling Model Uncertainty

Alexei Onatski and Noah Williams

9565: Individual Rights and Collective Agents: The Role of Old and New Workplace Institutions in the Regulation of Labor Markets

David Weil

9564: The Surprising Retreat of Union Britain

John Pencavel

9563: What Has Happened to Wages in Mexico since NAFTA?

Gordon Hanson

9562: The Housing Market Impact of State-Level Anti-Discrimination Laws, 1960-970

William Collins

9561: Lighting Up and Slimming Down: The Effects of Body Weight and Cigarette Prices on Adolescent Smoking Initiation

John Cawley, Sara Markowitz and John Tauras