NBER Working Papers

From National Bureau of Economic Research, Inc
National Bureau of Economic Research, 1050 Massachusetts Avenue Cambridge, MA 02138, U.S.A..
Contact information at EDIRC.
Bibliographic data for series maintained by ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

9009: Bidder Discounts and Target Premia in Takeovers

Boyan Jovanovic and Serguey Braguinsky

9008: Gains from FDI Inflows with Incomplete Information

Assaf Razin and Efraim Sadka

9007: Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality

Sean Nicholson, Patricia Danzon and Jeffrey S. McCullough

9006: Endogenous Political Institutions

Philippe Aghion, Alberto Alesina and Francesco Trebbi

9005: Monetary Policy in a Financial Crisis

Lawrence Christiano, Christopher Gust and Jorge Roldos

9004: Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families

Jayanta Bhattacharya, Thomas DeLeire, Steven Haider and Janet Currie

9003: Food Insecurity or Poverty? Measuring Need-Related Dietary Adequacy

Jayanta Bhattacharya, Steven Haider and Janet Currie

9002: The Performance of Performance Standards

James Heckman, Carolyn Heinrich and Jeffrey Smith

9001: Entrepreneurship in Equilibrium

Denis Gromb and David Scharfstein

9000: Daily Cross-Border Equity Flows: Pushed or Pulled?

John M. Griffin, Federico Nardari and René Stulz

8999: The Roots of Latin American Protectionism: Looking Before the Great Depression

John H. Coatsworth and Jeffrey Williamson

8998: Where Do U.S. Immigrants Come From, and Why?

Ximena Clark, Timothy Hatton and Jeffrey Williamson

8997: Art Auctions: A Survey of Empirical Studies

Orley Ashenfelter and Kathryn Graddy

8996: Benefits and Costs of Newer Drugs: An Update

Frank Lichtenberg

8995: When Does Trade Hurt? Market, Transition and Developing Economies

Kala Krishna and Cemile Yavas

8994: Are Financial Assets Priced Locally or Globally?

G. Karolyi and René Stulz

8993: The Impact of Unionization on Establishment Closure: A Regression Discontinuity Analysis of Representation Elections

John DiNardo and David S. Lee

8992: U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy

Frederic Mishkin and Eugene White

8991: Stock Valuation and Learning about Profitability

Lubos Pastor and Pietro Veronesi

8990: The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads

Jun Liu, Francis Longstaff and Ravit E. Mandell

8989: Ownership Form and Trapped Capital in the Hospital Industry

Henry Hansmann, Daniel Kessler and Mark McClellan

8988: Risk Sharing and Asset Prices: Evidence From a Natural Experiment

Anusha Chari and Peter Henry

8987: Stocks as Money: Convenience Yield and the Tech-Stock Bubble

John Cochrane

8986: The Relationship Between Education and Adult Mortality in the United States

Adriana Lleras-Muney

8985: A Pollution Theory of Discrimination: Male and Female Differences in Occupations and Earnings

Claudia Goldin

8984: Private and Social Incentives for Fertility: Israeli Puzzles

Charles Manski and Joram Mayshar

8983: Evaluating Welfare Reform in the United States

Rebecca Blank

8982: Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?

Thorsten Beck and Ross Levine

8981: The Allocation of Resources by Interest Groups: Lobbying, Litigation and Administrative Regulation

John M. de Figueiredo and Rui J.P. de Figueiredo

8980: Are All Patent Examiners Equal? The Impact of Examiner Characteristics

Iain Cockburn, Samuel Kortum and Scott Stern

8979: Social Networks and the Aggregation on Individual Decisions

D. Lee Heavner and Lance Lochner

8978: The Distribution of Tax Burdens: An Introduction

Gilbert Metcalf and Don Fullerton

8977: Patent Protection and Innovation Over 150 Years

Josh Lerner

8976: Intellectual Property, Antitrust and Strategic Behavior

Dennis Carlton and Robert H. Gertner

8975: Understanding the Black-White Test Score Gap in the First Two Years of School

Roland Fryer and Steven Levitt

8974: The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy

Lucian Bebchuk, John C. Coates Iv and Guhan Subramanian

8973: Democratic Policy Making with Real-Time Agenda Setting: Part 1

B. Douglas Bernheim, Antonio Rangel and Luis Rayo

8972: The Use and Meaning of Words in Central Banking: Inflation Targeting, Credibility, and Transparency

Benjamin M. Friedman

8971: Technological Superiority and the Losses from Migration

Donald Davis and David Weinstein

8970: Asset Prices in a Flexible Inflation Targeting Framework

Stephen Cecchetti, Hans Genberg and Sushil Wadhwani

8969: Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?

Matthias Kahl, Jun Liu and Francis Longstaff

8968: Accountability, Incentives and Behavior: The Impact of High-Stakes Testing in the Chicago Public Schools

Brian A. Jacob

8967: Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence

Menzie Chinn and Hiro Ito

8966: Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy

Michael Bordo and Olivier Jeanne

8965: Studying Ourselves: The Academic Labor Market

Ronald Ehrenberg

8964: Where the boys aren't: Non-cognitive skills, returns to school and the gender gap in higher education

Brian A. Jacob

8963: The Modern History of Exchange Rate Arrangements: A Reinterpretation

Carmen Reinhart and Kenneth Rogoff

8962: Estimating Price Elasticities When there is Smuggling: The Sensitivity of Smoking to Price in Canada

Jonathan Gruber, Anindya Sen and Mark Stabile

8961: Equity Volatility and Corporate Bond Yields

John Campbell and Glen B. Taksler

8960: Trade Credit, Financial Intermediary Development and Industry Growth

Raymond Fisman and Inessa Love

8959: Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange

Torben Andersen, Tim Bollerslev, Francis Diebold and Clara Vega

8958: Social Security and Democracy

Casey Mulligan, Ricard Gil and Xavier Sala-i-Martin

8957: The Complexion Gap: The Economic Consequences of Color among Free African Americans in the Rural Antebellum South

Howard Bodenhorn

8956: Closed-Form Likelihood Expansions for Multivariate Diffusions

Yacine Ait-Sahalia

8955: From Malthus to Ohlin: Trade, Growth and Distribution Since 1500

Kevin O'Rourke and Jeffrey Williamson

8954: Going Public When You Can in Biotechnology

Michael Darby and Lynne Zucker

8953: Odious Debt

Michael Kremer and Seema Jayachandran

8952: Economic Development as Self-Discovery

Ricardo Hausmann and Dani Rodrik

8951: IMF Programs: Who is Chosen and What Are the Effects?

Robert Barro and Jong-Wha Lee

8950: Why Should Emerging Economies Give up National Currencies: A Case for 'Institutions Substitution'

Enrique Mendoza

8949: Efficiency and Equity in Schools around the World

Eric Hanushek and Javier A. Luque

8948: Economic Interpretations of Intergenerational Correlations

Nathan Grawe and Casey Mulligan

8947: Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up

Michael Darby and Lynne Zucker

8946: The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination

Darius Lakdawalla and Tomas Philipson

8945: Homeownership in the Immigrant Population

George Borjas

8944: Nonparametric Option Pricing under Shape Restrictions

Yacine Ait-Sahalia and Jefferson Duarte

8943: Network Externalities and Technology Adoption: Lessons from Electronic Payments

Gautam Gowrisankaran and Joanna Stavins

8942: The Curley Effect

Edward Glaeser and Andrei Shleifer

8941: Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria

Russell W. Cooper

8940: The NAIRU in Theory and Practice

Laurence Ball and N. Gregory Mankiw

8939: Debt Relief and Fiscal Sustainability

Sebastian Edwards

8938: The Mildest Recession: Output, Profits, and Stock Prices as the U.S. Emerges from the 2001 Recession

William Nordhaus

8937: Liquidity Shortages and Banking Crises

Douglas Diamond and Raghuram Rajan

8936: Medicaid Managed Care and Infant Health: A National Evaluation

Robert Kaestner, Lisa Dubay and Genevieve Kenney

8935: The New Economy and the Challenges for Macroeconomic Policy

Stephen Cecchetti

8934: Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon?

Jose Campa and Linda Goldberg

8933: The World Distribution of Income (estimated from Individual Country Distributions)

Xavier Sala-i-Martin

8932: Has Welfare Reform Changed Teenage Behaviors?

Robert Kaestner and June O'Neill

8931: Religion and Political Economy in an International Panel

Robert Barro and Rachel M. McCleary

8930: Modern Hyper- and High Inflations

Stanley Fischer, Ratna Sahay and Carlos Vegh

8929: Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment

Bruce Blonigen, Ronald Davies and Keith Head

8928: Financial Intermediation

Gary Gorton and Andrew Winton

8927: A Century of Current Account Dynamics

Alan Taylor

8926: The Effects of Gun Prevalence on Burglary: Deterrence vs Inducement

Philip J Cook and Jens Ludwig

8925: Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?

Lars Svensson

8924: Social Security Privatization Reform and Labor Markets: The Case of Chile

Sebastian Edwards and Alejandra Cox Edwards

8923: Does Local Financial Development Matter?

Luigi Guiso, Paola Sapienza and Luigi Zingales

8922: Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps

Ravi Jagannathan and Tongshu Ma

8921: The Governance of Not-For-Profit Firms

Edward Glaeser

8920: Wealth Accumulation and the Propensity to Plan

John Ameriks, Andrew Caplin and John Leahy

8919: Stochastic Technical Progress, Nearly Smooth Trends and Distinct Business Cycles

Julio Rotemberg

8918: Remedial Education and Student Achievement: A Regression-Discontinuity Analysis

Brian A. Jacob and Lars Lefgren

8917: Minimum Standards and Insurance Regulation: Evidence from the Medigap Market

Amy Finkelstein

8916: The Impact of Teacher Training on Student Achievement: Quasi-Experimental Evidence from School Reform Efforts in Chicago

Brian A. Jacob and Lars Lefgren

8915: The Rising (and then Declining) Significance of Gender

Claudia Goldin

8914: Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s

Takatoshi Ito

8913: The Property Tax as a Tax on Value: Deadweight Loss

Richard Arnott and Petia Petrova

8912: Expectation Traps and Monetary Policy

Stefania Albanesi, Varadarajan Chari and Lawrence Christiano

8911: Social Security and Elderly Living Arrangements

Gary V. Engelhardt, Jonathan Gruber and Cynthia D. Perry

8910: Employment Relationships in the New Economy

David Neumark and Deborah Reed