NBER Working Papers

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4289: Policies to Encourage Inflows of Technology Through Foreign Multinationals

Magnus Blomstrom and Ari Kokko

4288: Internal Finance and Investment: Evidence from the Undistributed Profits Tax of 1936-1937

Charles Calomiris and Robert Hubbard

4287: Accuracy in the Assessment of Damages

Louis Kaplow and Steven Shavell

4286: Endogenous Growth and Cycles

Joseph Stiglitz

4285: How Important is the Credit Channel in the Transmission of Monetary Policy?

Valerie Ramey

4284: Medicaid and Medical Care for Children

Janet Currie and Duncan Thomas

4283: Demographic Characteristics and the Public Bundle

David Cutler, Douglas Elmendorf and Richard Zeckhauser

4282: An Analysis of Factors Influencing ITC Decisions in Antidumoing, Countervailing Duty and Safeguard Cases

Robert Baldwin and Jeffrey Steagall

4281: The Economic Consequences of Legislative Oversight: Theory and Evidencefrom the Medical Profession

Shawn Kantor and Patrick Legros

4280: Trade Wars and Trade Talks

Gene Grossman and Elhanan Helpman

4279: Gender Differences in Departure from a Large Firm

Nachum Sicherman

4278: Youth Alcohol Use and Public Policy

Adit Laixuthai and Frank Chaloupka

4277: Criminal Deterrence: Revisiting the Issue with a Birth Cohort

Helen Tauchen, Ann Dryden Witte and Harriet Griesinger

4276: 'Outside' Intervention in Japanese Companies: Its Determinants and Implications for Mangers

Steven Kaplan and Bernadette Minton

4275: Stochastic Trends and Short-Run Relationships Between Financial Variables and Real Activity

Toru Konishi, Valerie Ramey and Clive Granger

4274: Princes and Merchants: European City Growth before the Industrial Revolution

J. Bradford De Long and Andrei Shleifer

4273: The Design of Bank Loan Contracts, Collateral, and Renegotiation

Gary Gorton and James Kahn

4272: Generics and New Goods in Pharmaceutical Price Indexes

Zvi Griliches and Iain Cockburn

4271: Some Empirical Evidence on the Effects of Monetary Policy Shocks on Exchange Rates

Martin Eichenbaum and Charles Evans

4270: The Role of Fertility and Population in Economic Growth: Empirical ResultsFrom Aggregate Cross-National Data

James Brander and Steve Dowrick

4269: A Simple Theory of Multinational Corporations and Trade with a Trade-Off Between Proximity and Concentration

S. Lael Brainard

4268: Labor Market Returns to Two- and Four-Year Colleges: Is a Credit a Credit and Do Degrees Matter?

Thomas J. Kane and Cecilia E. Rouse

4267: Inflation and the Informativeness of Prices

Laurence Ball and David Romer

4266: Labor and the Emerging World Economy

David Bloom and Adi Brender

4265: Gender Gaps in Benefits Coverage

Janet Currie

4264: Automobile Prices in Market Equilibrium: Part I and II

Steven Berry, James Levinsohn and Ariel Pakes

4263: Shifting Plaintiffs' Fees versus Increasing Damage Awards

Louis Kaplow

4262: The Analysis of Inter-Firm Worker Mobility

Henry S. Farber

4261: Intertemporal Analysis of State and Local Government Spending: Theory ad Tests

Douglas Holtz-Eakin, Harvey Rosen and Schuyler Tilly

4260: Sex Discrimination and Women's Labor Market Interruptions

David Neumark

4259: Are OLS Estimates of the Return to Schooling Biased Downward? Another Look

McKinley Blackburn and David Neumark

4258: What do Firms do with Cash Windfalls?

Olivier Blanchard and Florencio Lopez- de-Silane

4257: The Swedish Wage Stucture: The Rise and Fall of Solidarity Wage Policy?

Per-Anders Edin and Bertil Holmlund

4256: Substitution and Complementarity in Endogenous Innovation

Alwyn Young

4255: Changes in the Demand for Skilled Labor within U.S. Manufacturing Industries: Evidence from the Annual Survey of Manufacturing

Eli Berman, John Bound and Zvi Griliches

4254: Capital Gains Taxation and Realizations: Evidence from Interstate Comparisons

William T. Bogart and William Gentry

4253: Progressivity of Capital Gains Taxation with Optimal Portfolio Selection

Michael Haliassos and Andrew Lyon

4252: The Lifetime Incidence of State and Local Taxes: Measuring Changes During the 1980s

Gilbert Metcalf

4251: What Do We Know about Enterprise Zones?

Leslie Papke

4250: Real Effects of Monetary Shocks in an Economy with Sequential Purchases

Robert Lucas and Michael Woodford

4249: Evaluating the Effects of Incomplete Markets on Risk Sharing and Asset Pricing

John Heaton and Deborah Lucas

4248: Stoking the Fires? Co2 Emissions and Economic Growth

Douglas Holtz-Eakin and Thomas Selden

4247: Corporate Control, Portfolio Choice, and the Decline of Banking

Gary Gorton and Richard Rosen

4246: Exchange Rates as Nominal Anchors

Sebastian Edwards

4245: International Growth Linkages: Evidence from Asia and the OECD

John Helliwell

4244: A Tax-Based Test of the Dividend Signaling Hypothesis

B. Douglas Bernheim and Adam Wantz

4243: Relative Price Movements in Dynamic General Equilibrium Models of International Trade

David Backus, Patrick Kehoe and Finn Kydland

4242: Dynamics of the Trade Balance and the Terms of Trade: The S-Curve

David Backus, Patrick Kehoe and Finn Kydland

4241: Aggregate Fluctuations from Independent Sectoral Shocks: Self-Organized Criticality in a Model of Production and Inventory Dynamics

Peter Bak, Kan Chen, Jose Scheinkman and Michael Woodford

4240: R&D Tax Policy During the Eighties: Success or Failure?

Bronwyn Hall

4239: State Mandated Benefits and Employer Provided Health Insurance

Jonathan Gruber

4238: Trade Policy and the Third World Metropolis

Raul Livas Elizondo and Paul Krugman

4237: License Price Paths: I. Theory II. Evidence from Hong Kong

Kala Krishna and Ling Hui Tan

4236: The Recent Failure of U.S. Monetary Policy

Martin Feldstein

4235: Capital Budgets, Borrowing Rules, and State Capital Spending

James Poterba

4234: The Effect of News on Bond Prices: Evidence from the United Kingdom 1900-1920

Douglas Elmendorf, Mary Hirshfeld and David Weil

4233: Specification of Policy Rules and Performance Measures in Multicountry Simulation Studies

Bennett McCallum

4232: Currency Substitution

Alberto Giovannini and Bart Turtelboom

4231: Real Exchange Rates and Relative Prices: An Empirical Investigation

Charles Engel

4230: International Migration and International Trade

Assaf Razin and Efraim Sadka

4229: Income Inequality and the Incomes of Very High Income Taxpayers: Evidence from Tax Returns

Daniel Feenberg and James Poterba

4228: Entrepreneurship, Happiness and Supernormal Returns: Evidence from Britain and the US

David Blanchflower and Andrew Oswald

4227: Tax Distortions to the Choice of Organizational Form

Roger Gordon and Jeffrey Mackie-Mason

4226: Trade and Technical Progress

John Helliwell

4225: The State of the North American and Japanese Motor Vehicle Industries: A Partially Calibrated Model to Examine the Impacts of Trade Policy Changes

Melvyn Fuss, Steven Murphy and Leonard Waverman

4224: The Gender Earnings Gap: Some International Evidence

Francine Blau and Lawrence Kahn

4223: Fiscal Policy and Economic Growth

Eric M. Engen and Jonathan Skinner

4222: Wages, Profits and Rent-Sharing

David Blanchflower, Andrew Oswald and Peter Sanfey

4221: Expenditures on Health Care for Children and Pregnant Women

Eugene M. Lewit and Alan C. Monheit

4220: Permanent International Productivity Growth Differentials in an Integrated Global Economy

Willem Buiter and Kenneth Kletzer

4219: A Dynamic Spatial Model

Paul Krugman

4218: Home Bias and the High Turnover

Linda Tesar and Ingrid M. Werner

4217: Foreign Equity Investment Restrictions and Shareholder Wealth Maximization

René Stulz and Walter Wasserfallen

4216: Union Membership in the United States: The Decline Continues

Henry S. Farber and Alan Krueger

4215: Private Saving and Public Policy

B. Douglas Bernheim and John Scholz

4214: Convergence in Growth Rates: The Role of Capital Mobility and International Taxation

Assaf Razin and Chi-Wa Yuen

4213: Are Rising Wage Profiles a Forced-Saving Mechanism?

David Neumark

4212: Alcohol, Marijuana, and American Youth: The Unintended Effects of Government Regulation

John DiNardo and Thomas Lemieux

4211: Credit Conditions and the Cyclical Behavior of Inventories: A Case Studyof the 1981-82 Recession

Anil Kashyap, Owen Lamont and Jeremy Stein

4210: Can the Markov Switching Model Forecast Exchange Rates?

Charles Engel

4209: What Directions for Labor Market Institutions in Eastern and Central Europe?

Richard Freeman

4208: Business Cycle Volatility and Openness: An Exploratory Cross-Section Analysis

Assaf Razin and Andrew Rose

4207: Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates

Lars Svensson

4206: Capital Mobility in Neoclassical Models of Growth

Robert Barro, N. Gregory Mankiw and Xavier Sala-i-Martin

4205: Privatization, Risk-Taking, and the Communist Firm

Dominique Demougin and Hans-Werner Sinn

4204: Turnover and the Dynamics of Labor Demand

Daniel Hamermesh and Gerard Pfann

4203: Accuracy in the Determination of Liability

Louis Kaplow and Steven Shavell

4202: Measuring the Cyclicality of Real Wages: How Important is Composition Bias

Gary Solon, Robert Barsky and Jonathan Parker

4201: Pension Plan Provisions and Retirement: Men & Women, Medicare, and Models

Robin L. Lumsdaine, James Stock and David Wise

4200: International Wage Curves

David Blanchflower and Andrew Oswald

4199: Participation in and Contributions to 401(k) Pension Plans: Evidence om Plan Data

Leslie Papke

4198: Hubs and Spokes, and Free Trade in the Americas

Carsten Kowalczyk and Ronald Wonnacott

4197: Policy Lessons from the U.S. Unemployment Experiments

Bruce Meyer

4196: Patterns and Determinants of Metropolitan House Prices, 1977-91

Patric Hendershott and Jesse M. Abraham

4195: The Effect of Unions on the Distribution of Wages: Redistribution or Relabelling?

David Card

4194: Market Conditions and Retirement of Physical Capital: Evidence fron Oil Tankers

Iain Cockburn and Murray Frank

4193: Trading Volume and Serial Correlation in Stock Returns

John Campbell, Sanford Grossman and Jiang Wang

4192: The Real Exchange Rate and Foreign Direct Investment in the United States: Relative Wealth vs. Relative Wage Effects

Michael Klein and Eric Rosengren

4191: Credit and Deferral as International Investment Incentives

James Hines

4190: The Effect of Price Shopping in Medical Markets: Hospital Responses to PPOs in California

Jonathan Gruber