NBER Working Papers

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6336: A Model of Endogenous Fiscal Deficits and Delayed Fiscal Reforms

Andres Velasco

6335: Economic Integration and Convergence: U.S. Regions, 1840-1987

Sukkoo Kim

6334: The Mexican Peso Crisis? How Much Did We Know? When Did We Know It?

Sebastian Edwards

6333: What Happens When You Tax the Rich? Evidence from Executive Compensation

Austan Goolsbee

6332: Hong Kong's Business Regulation in Transition

Changqi Wu and Leonard K. Cheng

6331: The Careers of Modern Artists: Evidence from Auctions of Contemporary Paintings

David Galenson

6330: Has Job Stability Declined Yet? New Evidence for the 1990's

David Neumark, Daniel Polsky and Daniel Hansen

6329: Political Economics and Macroeconomic Policy

Torsten Persson and Guido Tabellini

6328: The Determinants of Child Care Workers' Wages and Compensation: Sectoral Differences, Human Capital, Race, Insiders and Outsiders

Naci Mocan and Deborah Viola

6327: Whither the World Bank and the IMF?

Anne O. Krueger

6326: Pecuniary Incentives to Work in the U.S. during World War II

Casey Mulligan

6325: The Central Tendency: A Second Factor in Bond Yields

Pierluigi Balduzzi, Sanjiv Das and Silverio Foresi

6324: A Unified Theory of Underreaction, Momentum Trading and Overreaction in Asset Markets

Harrison Hong and Jeremy Stein

6323: How the Changing Market Structure of U.S. Higher Education Explains College Tuition

Caroline Hoxby

6322: Regions, Resources, and Economic Geography: Sources of U.S. Regional Comparative Advantage, 1880-1987

Sukkoo Kim

6321: Market Forces and Sex Discrimination

Judith Hellerstein, David Neumark and Kenneth Troske

6320: Volatility and Financial Intermediation

Joshua Aizenman and Andrew Powell

6319: Open-Economy Macroeconomics, Developments in Theory and Policy

Maurice Obstfeld

6318: Unions and Managerial Pay

John DiNardo, Kevin Hallock and Jorn-Steffen Pischke

6317: Myopia and Inconsistency in the Neoclassical Growth Model

Robert Barro

6316: After Chile, What? Second-Round Pension Reforms in Latin America

Olivia Mitchell and Flavio Ataliba Barreto

6315: Inventories

Valerie Ramey and Kenneth West

6314: NIMBY Taxes Matter: State Taxes and Interstate Hazardous Waste Shipments

Arik Levinson

6313: Unequal at Birth: A Long-Term Comparison of Income and Birth Weight

Dora Costa

6312: Foreign Speculators and Emerging Equity Markets

Geert Bekaert and Campbell Harvey

6311: Managing the Public Debt in Fiscal Stabilizations: The Evidence

Alessandro Missale, Francesco Giavazzi and Pierpaolo Benigno

6310: Sharp Reductions in Current Account Deficits: An Empirical Analyis

Gian Maria Milesi-Ferretti and Assaf Razin

6309: Corporate Governance

Luigi Zingales

6308: Social Security and Retirement in Canada

Jonathan Gruber

6307: Welfare and Macroeconomic Interdependence

Giancarlo Corsetti and Paolo Pesenti

6306: Central Bank Policy Rules: Conceptual Issues and Practical Considerations

Stephen Cecchetti

6305: Are Public Housing Projects Good for Kids?

Janet Currie and Aaron Yelowitz

6304: Patent Buy-Outs: A Mechanism for Encouraging Innovation

Michael Kremer

6303: The Effect of Means-Tested Income Support for the Elderly on Pre-Retirement Saving: Evidence from the SSI Program in the U.S

David Neumark and Elizabeth Powers

6302: Argentina and the World Capital Market: Saving, Investment, and International Capital Mobility in the Twentieth Century

Alan Taylor

6301: Predation, Efficiency, and Inequality

Herschel Grossman and Minseong Kim

6300: A Model of Crises in Emerging Markets

Michael Dooley

6299: band Labor Demand: Evidence from the South Coast Air Basin

Eli Berman and Linda Bui

6298: Death to the Log-Linearized Consumption Euler Equation! (And Very Poor Health to the Second-Order Approximation)

Christopher Carroll

6297: Stylized Facts of Patent Litigation: Value, Scope and Ownership

Jean Lanjouw and Mark Schankerman

6296: The Enforcement of Intellectual Property Rights: A Survey of the Empirical Literature

Jean Lanjouw and Josh Lerner

6295: Implications of Rising Personal Retirement Saving

James Poterba, Steven Venti and David Wise

6294: Market Access and Welfare Effects of Piecemeal Policy Reform

Jiandong Ju and Kala Krishna

6293: The Competitive Effects of Transmission Capacity in a Deregulated Electricity Industry

Severin Borenstein, James Bushnell and Steven Stoft

6292: Transition Issues for the European Monetary Union

Willem Buiter and Anne Sibert

6291: The Alleged Instability of Nominal Income Targeting

Bennett McCallum

6290: The Past, Present, and Future of Macroeconomic Forecasting

Francis Diebold

6289: "Make Us a King": Anarchy, Predation, and the State

Herschel Grossman

6288: The Sources of Regional Variation in the Severity of the Great Depression: Evidence from U.S. Manufacturing, 1919-1937

Joshua Rosenbloom and William A. Sundstrom

6287: The Market and the Estimators: Forecasting the Cost of Medicare Catastrophic Coverage

Sherry Glied and Tama Brooks

6286: Debts and Deficits with Fragmented Fiscal Policymaking

Andres Velasco

6285: Population and Ideas: A Theory of Endogenous Growth

Charles Jones

6284: The Upcoming Slowdown in U.S. Economic Growth

Charles Jones

6283: Costly Capital Reallocation and the Effects of Government Spending

Valerie Ramey and Matthew Shapiro

6282: Apocalypse Now? Fundamental Tax Reform and Residential Housing Values

Donald Bruce and Douglas Holtz-Eakin

6281: The Redistributive Effects of Transfers

Keshab Bhattarai and John Whalley

6280: Discreteness and the Welfare Cost of Labor Supply Tax Distortions

Keshab Bhattarai and John Whalley

6279: Employer Learning and Statistical Discrimination

Joseph Altonji and Charles R. Pierret

6278: A New Bankruptcy Procedure that Uses Multiple Auctions

Oliver Hart, Rafael La Porta, Florencio Lopez- de-Silane and John Moore

6277: Avoiding Health Insurance Crowd-Out: Evidence from the Medicare as Secondary Payer Legislation

Sherry Glied and Mark Stabile

6276: Graduation to Health Insurance Coverage: 1981-1996

Sherry Glied and Mark Stabile

6275: Job Destruction and Propagation of Shocks

Wouter J. den Haan, Garey Ramey and Joel Watson

6274: Power in a Theory of the Firm

Raghuram Rajan and Luigi Zingales

6273: Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

Luigi Zingales

6272: Exceptional Exporter Performance: Cause, Effect, or Both?

Andrew Bernard and J. Jensen

6271: Learning in Cities

Edward Glaeser

6270: Geographic Concentration as a Dynamic Process

Guy Dumais, Glenn Ellison and Edward Glaeser

6269: Strategic Bidding in a Multi-Unit Auction: An Empirical Analysis of Bids to Supply Electricity

Catherine D. Wolfram

6268: Demographic Transitions and Economic Miracles in Emerging Asia

David Bloom and Jeffrey Williamson

6267: Convergence Clubs and Subsistence Economies

Dan Ben-David

6266: Slowdowns and Meltdowns: Postwar Growth Evidence from 74 Countries

Dan Ben-David and David Papell

6265: Does Immigration Hurt African-American Self-Employment?

Robert Fairlie and Bruce Meyer

6264: Aggregate Investment

Ricardo Caballero

6263: The Rate of Return to Corporate Capital and Factor Shares: New EstimatesUsing Revised National Income Accounts and Capital Stock Data

James Poterba

6262: International Trade and Labor-Demand Elasticities

Matthew J. Slaughter

6261: The Role of Discretion in the Criminal Justice System

Daniel P. Kessler and Anne Piehl

6260: Taxation by Telecommunications Regulation

Jerry Hausman

6259: On the Disutility and Discounting of Imprisonment and the Theory of Deterrence

A. Mitchell Polinsky and Steven Shavell

6258: Generating Real Persistent Effects of Monetary Shocks: How Much Nominal Rigidity Do We Really Need?

Olivier Jeanne

6257: Econometric Models of Limit-Order Executions

Andrew Lo, A. Craig MacKinlay and June Zhang

6256: The Big Players in the Foreign Exchange Market: Do They Trade on Information or Noise?

Shang-Jin Wei and Jungshik Kim

6255: Why is Corruption So Much More Taxing Than Tax? Arbitrariness Kills

Shang-Jin Wei

6254: Monetary Policy Rules in Practice: Some International Evidence

Richard Clarida, Jordi Galí and Mark Gertler

6253: Technology and Bilateral Trade

Jonathan Eaton and Samuel Kortum

6252: I Just Ran Four Million Regressions

Xavier Sala-i-Martin

6251: On the Superiority of Corrective Taxes to Quantity Regulation

Louis Kaplow and Steven Shavell

6250: Pricing and Hedging Derivative Securities in Incomplete Markets: An E-Aritrage Model

Dimitris Bertsimas, Leonid Kogan and Andrew Lo

6249: Persistence of Medicare Expenditures Among Elderly Beneficiaries

Alan M. Garber, Thomas E. MaCurdy and Mark B. McClellan

6248: Simulating U.S. Tax Reform

David Altig, Alan Auerbach, Laurence Kotlikoff, Kent Smetters and Jan Walliser

6247: Capital Mobility and Exchange Market Intervention in Developing Countries

Michael Dooley, Donald J. Mathieson and Liliana Rojas-Suarez

6246: Explaining National Differences in the Size and Industry Distribution of Employment

Steven Davis and Magnus Henrekson

6245: Consumer Beliefs and Buyer and Seller Behavior in the Vehicle Inspection Market

Thomas N. Hubbard

6244: Growth, Distribution and Demography: Some Lessons from History

Jeffrey Williamson

6243: International Competition and Exchange Rate Shocks: A Cross-Country Industry Analysis of Stock Returns

John M. Griffin and René Stulz

6242: Impact of a Managed Behavioral Health Care Carve-Out: A Case Study of One HMO

Anne E. Brisson, Richard G. Frank, Elizabeth S. Notman and Julie A. Gazmararian

6241: Foreign Direct Investment as a Catalyst for Industrial Development

James Markusen and Anthony Venables

6240: Projected Retirement Wealth and Savings Adequacy in the Health and Retirement Study

James F. Moore and Olivia Mitchell

6239: Higher Tariffs, Lower Revenues? Analyzing the Fiscal Aspects of the "Great Tariff Debate of 1888"

Douglas Irwin

6238: Is Bank-Centered Corporate Governance Worth It? A Cross-Sectional Analysis of the Performance of Japanese Firms during the Asset Price Deflation

Jun-Koo Kang and René Stulz

6237: State Fiscal Institutions and the U.S. Municipal Bond Market

James Poterba and Kim Rueben