NBER Working Papers

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7278: Tradable Deficit Permits: Efficient Implementation of the Stability Pacin the European Monetary Union

Alessandra Casella

7277: Race and Home Ownership, 1900 to 1990

William Collins and Robert Margo

7276: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability

Lars Svensson

7275: Size and Growth of Japanese Plants in the United States

Bruce Blonigen and KaSaundra Tomlin

7274: The Effects of Direct Foreign Investment on Local Communities

David Figlio and Bruce Blonigen

7273: The Competition Between Competition Rules

Hans-Werner Sinn

7272: Liquidity Crises in Emerging Markets: Theory and Policy

Roberto Chang and Andres Velasco

7271: Consumption Over the Life Cycle

Pierre-Olivier Gourinchas and Jonathan Parker

7270: ABC at Insteel Industries

V.G. Narayanan and Ratna G. Sarkar

7269: An Empirical Characterization of the Dynamic Effects of Changes in Government Spending and Taxes on Output

Olivier Blanchard and Roberto Perotti

7268: Taxing Retirement Income: Nonqualified Annuities and Distributions from Qualified Accounts

Jeffrey Brown, Olivia Mitchell, James Poterba and Mark J. Warshawsky

7267: No Contagion, Only Interdependence: Measuring Stock Market Co-movements

Kristin Forbes and Roberto Rigobon

7266: Is Hospital Competition Socially Wasteful?

Daniel P. Kessler and Mark B. McClellan

7265: International Institutions for Reducing Global Financial Instability

Kenneth Rogoff

7264: Trade and Growth: Import-Led or Export-Led? Evidence From Japan and Korea

Robert Lawrence and David Weinstein

7263: Can Capital Mobility be Destabilizing?

Qinglai Meng and Andres Velasco

7262: Determinants of Smoking Cessation: An Analysis of Young Adult Men and Women

John Tauras and Frank Chaloupka

7261: Optimal Monetary Policy Inertia

Michael Woodford

7260: Quality Certification and the Economics of Contract Software Development A Study of the Indian Software Industry

Ashish Arora and Jai Asundi

7259: A Tax on Output of the Polluting Industry is Not a Tax on Pollution: The Importance of Hitting the Target

Don Fullerton, Inkee Hong and Gilbert Metcalf

7258: Is There Monopsony in the Labor Market? Evidence from a Natural Experiment

Doug Staiger, Joanne Spetz and Ciaran Phibbs

7257: The Band Pass Filter

Lawrence Christiano and Terry Fitzgerald

7256: Assessing the Impact of Organizational Practices on the Productivity of University Technology Transfer Offices: An Exploratory Study

Donald Siegel, David Waldman and Albert Link

7254: Distortionary Taxation, Excessive Price Sensitivity, and Japanese Land Prices

Kiyohiko G. Nishimura, Fukujyu Yamazaki, Takako Idee and Toshiaki Watanabe

7253: Are All Banking Crises Alike? The Japanese Experience in International Comparison

Michael Hutchison and Kathleen McDill

7252: Tax Policy and Consumer Spending: Evidence from Japanese Fiscal Experiments

Katsunori Watanabe, Takayuki Watanabe and Tsutomu Watanabe

7251: Determinants of the Japan Premium: Actions Speak Louder Than Words

Joe Peek and Eric Rosengren

7250: The Japanese Banking Crisis: Where Did It Come From and How Will It End?

Takeo Hoshi and Anil Kashyap

7249: The Dynamics of Educational Attainment for Blacks, Hispanics, and Whites

Stephen V. Cameron and James Heckman

7248: Local Academic Science Driving Organizational Change: The Adoption of Biotechnology by Japanese Firms

Michael Darby and Lynne Zucker

7247: Japan's Big Bang and the Transformation of Financial Markets

Takatoshi Ito and Michael Melvin

7246: Explaining the Cross-Section of Stock Returns in Japan: Factors or Characteristics?

Kent Daniel, Sheridan Titman and K.C. John Wei

7245: Liquidity Traps: How to Avoid Them and How to Escape Them

Willem Buiter and Nikolaos Panigirtzoglou

7244: Tax Structure and Government Behavior: Implications for Tax Policy

Roger Gordon and John Wilson

7243: Worklife Determinants of Retirement Income Differentials Between Men and Women

Phillip Levine, Olivia Mitchell and John W. Phillips

7242: Violating the Law of One Price: Should We Make a Federal Case Out of It?

Charles Engel and John Rogers

7241: Characteristics of TQM: Evidence from the RIT/USA Today Quality Cup Competition

Joshua G. Rosett and Richard N. Rosett

7240: Social Approval, Values, and AFDC: A Re-Examination of the Illegitimacy Debate

Thomas Nechyba

7239: A Model of Multiple Districts and Private Schools: The Role of Mobility, Targeting, and Private School Vouchers

Thomas Nechyba

7238: Spendthrift in America? On Two Decades of Decline in the U.S. Saving Rate

Jonathan Parker

7237: Explaining the Poor Performance of Consumption-Based Asset Pricing Models

John Campbell and John Cochrane

7236: The Extent and Consequences of Downward Nominal Wage Rigidity

Joseph Altonji and Paul Devereux

7235: Estimating Returns to Schooling When Schooling is Misreported

Thomas J. Kane, Cecilia Elena Rouse and Doug Staiger

7234: Expectations, Credibility, and Time-Consistent Monetary Policy

Peter Ireland

7233: Crisis Prevention: Lessons from Mexico and East Asia

Sebastian Edwards

7232: Federalism and Takeover Law: The Race to Protect Managers from Takeovers

Lucian Bebchuk and Allen Ferrell

7231: The Transmission Mechanism of Monetary Policy in Europe: Evidence from Banks' Balance Sheets

Carlo Favero, Francesco Giavazzi and Luca Flabbi

7230: Accounting for Heterogeneity, Diversity, and General Equilibriumin Evaluating Social Programs

James Heckman

7229: Union Success in Representation Elections: Why Does Unit Size Matter?

Henry S. Farber

7228: Exchange Rates in Emerging Economies: What Do We Know? What Do We Need to Know?

Sebastian Edwards and Miguel A. Savastano

7227: The Impact of US News and World Report College Rankings on Admission Outcomes and Pricing Decisions at Selective Private Institutions

James Monks and Ronald Ehrenberg

7226: Testing for Structural Breaks in the Evaluation of Programs

Anne Piehl, Suzanne J. Cooper, Anthony A. Braga and David M. Kennedy

7225: The Supply of Quality in Child Care Centers

David Blau and Naci Mocan

7224: Explaining Inequality the World Round: Cohort Size, Kuznets Curves, andOpenness

Matthew Higgins and Jeffrey Williamson

7223: The Stock Market Valuation of Research and Development Expenditures

Louis K.C. Chan, Josef Lakonishok and Theodore Sougiannis

7222: Product Differentiation and the Use of Information Technology: New Evidence from the Trucking Industry

Atreya Chakraborty and Mark Kazarosian

7221: Health Care Capital Financing Agencies: The Intergovernmental Roles of Quasi-Government Authorities and the Impact on the Cost of Capital

Alec Ian Gershberg, Michael Grossman and Fred Goldman

7220: Prospect Theory and Asset Prices

Nicholas Barberis, Ming Huang and Tano Santos

7219: The Dynamics of Emerging Market Equity Flows

Geert Bekaert, Campbell Harvey and Robin L. Lumsdaine

7218: Job Destruction and the Experiences of Displaced Workers

Wouter J. den Haan, Garey Ramey and Joel Watson

7217: Education and Income in the Early 20th Century: Evidence from the Prairies

Claudia Goldin and Lawrence Katz

7216: What is Social Capital? The Determinants of Trust and Trustworthiness

Edward Glaeser, David Laibson, Jose Scheinkman and Christine L. Soutter

7215: On Mutual Fund Investment Styles

Louis K.C. Chan, Hsiu-Lang Chen and Josef Lakonishok

7214: Behavioralize This! International Evidence on Autocorrelation Patterns of Stock Index and Futures Returns

Dong-Hyun Ahn, Jacob Boudoukh, Matthew Richardson and Robert F. Whitelaw

7213: A Multifactor, Nonlinear, Continuous-Time Model of Interest Rate Volatility

Jacob Boudoukh, Matthew Richardson, Richard Stanton and Robert F. Whitelaw

7212: Revealing Comparative Advantage: Chaotic or Coherent Patterns Across Time and Sector and U.S. Trading Partner?

J. David Richardson and Chi Zhang

7211: Political Contagion in Currency Crises

Allan Drazen

7210: Sample Selection in the Estimation of Air Bag and Seat Belt Effectiveness

Steven Levitt and Jack Porter

7209: Understanding the Determinants of Managerial Ownership and the Link Between Ownership and Performance

Charles P. Himmelberg, Robert Hubbard and Darius Palia

7208: What Determines Firm Size?

Krishna Kumar, Raghuram Rajan and Luigi Zingales

7207: Fiscal Policy, Profits, and Investment

Alberto Alesina, Silvia Ardagna, Roberto Perotti and Fabio Schiantarelli

7206: Privatizing the Privatized

Aaron Tornell

7205: Managed Care

Sherry Glied

7204: The Value of Reductions in Child Injury Mortality in the U.S

Sherry Glied

7203: A Rent-Protection Theory of Corporate Ownership and Control

Lucian Bebchuk

7202: Reserve Uncertainty and the Supply of International Credit

Joshua Aizenman and Nancy Marion

7201: Stakes and Stars: The Effect of Intellectual Human Capital on the Level and Variability of High-Tech Firms' Market Values

Michael Darby, Qiao Liu and Lynne Zucker

7200: The Labor Supply Effects of the Social Security Earnings Test

Leora Friedberg

7199: Joint Life Annuities and Annuity Demand by Married Couples

Jeffrey Brown and James Poterba

7198: Advances in Cost-Effectiveness Analysis of Health Interventions

Alan M. Garber

7197: Monopsonistic Discrimination and the Gender-Wage Gap

Erling Barth and Harald Dale-Olsen

7196: International Trade and Factor Mobility: An Empirical Investigation

Linda Goldberg and Michael Klein

7195: Is Globalization Today Really Different than Globalization a Hunderd Years Ago?

Michael Bordo, Barry Eichengreen and Douglas Irwin

7194: Impacts of the Indonesian Economic Crisis: Price Changes and the Poor

James Levinsohn, Steven Berry and Jed Friedman

7193: Are the Elderly Really Over-Annuitized? New Evidence on Life Insurance and Bequests

Jeffrey Brown

7192: Asset Location in Tax-Deferred and Conventional Savings Accounts

John B. Shoven and Clemens Sialm

7191: Private Pensions, Mortality Risk, and the Decision to Annuitize

Jeffrey Brown

7190: Education for Growth in Sweden and the World

Alan Krueger and Mikael Lindahl

7189: Ethnic Chinese Networks in International Trade

James Rauch and Vitor Trindade

7188: The Employment, Earnings, and Income of Less Skilled Workers Over the Business Cycle

Hilary Hoynes

7187: California Banking in the Nineteenth Century: The Art and Method of the Bank of A. Levy

Eugene White

7186: Was Adherence to the Gold Standard a "Good Housekeeping Seal of Approval" During the Interwar Period?

Michael Bordo and Michael Edelstein

7185: Information and Competition in U.S. Forest Service Timber Auctions

Susan Athey and Jonathan Levin

7184: Minimum Wages and On-the-job Training

Daron Acemoglu and Jorn-Steffen Pischke

7183: Simulating the Transmission of Wealth Inequity via Bequests

Jagadeesh Gokhale, Laurence Kotlikoff, James Sefton and Martin Weale

7182: Trends in Self-Employment Among White and Black Men: 1910-1990

Robert Fairlie and Bruce Meyer

7181: Reorganization

Robert Hall

7180: The Stock Market and Capital Accumulation

Robert Hall

7179: Eurosystem Monetary Targeting: Lessons from U.S. Data

Glenn Rudebusch and Lars Svensson

7178: Does the P* Model Provide Any Rationale for Monetary Targeting?

Lars Svensson