NBER Working Papers

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3206: Oligopolistic Pricing and the Effects of Aggregate Demand on Economic Activity

Julio Rotemberg and Michael Woodford

3205: Japan's Saving Rate: New Data and Reflections

Fumio Hayashi

3204: The Long-Run Behavior of Velocity: The Institutional Approach Revisited

Michael Bordo and Lars Jonung

3203: The Role of World War II in the Rise of Women's Work

Claudia Goldin

3202: Taxation, Corporate Capital Structure, and Financial Distress

Mark Gertler and Robert Hubbard

3201: Quality Ladders and Product Cycles

Gene Grossman and Elhanan Helpman

3200: Alcohol consumption and Tax Differentials Between Beer, Wine and Spirits

Henry Saffer

3199: Seigniorage and Political Instability

Alex Cukierman, Sebastian Edwards and Guido Tabellini

3198: Wages, Prices, and Labor Markets Before the Civil War

Claudia Goldin and Robert Margo

3197: The Effects of Mergers on Prices, Costs, and Capacity Utilization in the U.S. Air Transportation Industry, 1970-84

Frank Lichtenberg and Moshe Kim

3196: Saving and Liquidity Constraints

Angus Deaton

3195: Time-Series Tests of a Non-Expected-Utility Model of Asset Pricing

Alberto Giovannini and Philippe Jorion

3194: Explaining Japan's Innovation and Trade: A model of Quality Competition and Dynamic Comparive Advantage

Gene Grossman

3193: Signaling and Accounting Information

Stewart C. Myers

3192: Market Responses To Coordinated Central Bank Intervention

Kathryn Dominguez

3191: Predictable Stock Returns in the United States and Japan: A Study of Long-Term Capital Market Integration

John Campbell and Yasushi Hamao

3190: Externalities and Growth Accounting

Jess Benhabib and Boyan Jovanovic

3189: Financial Development, Growth, and the Distribution of Income

Jeremy Greenwood and Boyan Jovanovic

3188: Real Wage Determinatioan in Collective BArgaining Agreements

Louis Christofides and Andrew Oswald

3187: Do Union Wealth Concessions Explain Takeover Premiums? The Evidence on Contract Wages

Joshua Rosett

3186: The Declining Economic Position of Less-Skilled American Males

McKinley Blackburn, David Bloom and Richard Freeman

3185: Transitional Dynamics and Economic Growth in the Neoclassical Model

Robert King and Sergio Rebelo

3184: Interstate Business Tax Differentials and New Firm Location: Evidence from Panel Data

Leslie Papke

3183: Economic Analysis and the Political Economy of Policy Formation

Michael Bruno

3182: Does Unmeasured Ability Explain Inter-Industry Wage Differentials?

Robert Gibbons and Lawrence Katz

3181: The Wage Curve

David Blanchflower and Andrew Oswald

3180: Unionization and Employment Behavior

David Blanchflower, Neil Millward and Andrew Oswald

3179: Insider Power in Wage Determination

David Blanchflower, Andrew Oswald and Mario D. Garrett

3178: The "Gold Standard Paradox" and its Resolution

Willem Buiter and Vittorio U. Grilli

3177: Business Cycles and Fertility Dynamics in the U.S.: A Vector-Autoregressive Model

Naci Mocan

3176: Pro-Competitive Effects of Trade Reform: Results from a CGE Model of Cameroon

Shantayanan Devarajan and Dani Rodrik

3175: The Aggregate Matching Function

Olivier Blanchard and Peter Diamond

3174: Prices during the Great Depression: Was the Deflation of 1930-32 really unanticipated?

Stephen Cecchetti

3173: Human Capital And Growth: Theory and Evidence

Paul Romer

3172: A New Monthly Index of Industrial Production, 1884-1940

Christina Romer and Jeffrey Miron

3171: Bull and Bear Markets in the Twentieth Century

Robert Barsky and J. Bradford De Long

3170: Understanding Stock Price Behavior around the Time of Equity Issues

Robert Korajczyk, Deborah Lucas and Robert L. McDonald

3169: Equity Issues and Stock Price Dynamics

Deborah Lucas and Robert L. McDonald

3168: Two Tools for Analyzing Unemployment

Olivier Blanchard

3167: The Impact of Industrial Relations Legislation on British Union Density

Richard Freeman and Jeffrey Pelletier

3166: Measuring 1992's Medium-Term Dynamic Effects

Richard Baldwin

3165: Long Swings in the Exchange Rate: Are they in the Data and Do Markets Know It?

Charles Engel and James Hamilton

3164: National Saving and International Investment

Martin Feldstein and Philippe Bacchetta

3163: International Trade Effects of Value Added Taxation

Paul Krugman and Martin Feldstein

3162: Could A Monetary Base Rule Have Prevented the Great Depression?

Bennett McCallum

3161: Latin American Economic Development: 1950-1980

Eliana Cardoso and Albert Fishlow

3160: Real Business Cycles and the Test of the Adelmans

Robert King and Charles Plosser

3159: A Quasi-Experimental Approach to the Effects of Unemployment Insurance

Bruce Meyer

3158: Commodity Prices and Inflation: Evidence From Seven Large Industrial Countries

James M. Boughton, William Branson and Alphecca Muttardy

3157: Explaining the Variance of Price Dividend Ratios

John Cochrane

3156: Japanese Finance: A Survey

Jeffrey Frankel

3155: Job Security and Work Force Adjustment: How Different are U.S. and Japanese Practices?

Katharine Abraham and Susan Houseman

3154: Stock Market Forecastability and Volatility: A Statistical Appraisal

N. Gregory Mankiw, David Romer and Matthew Shapiro

3153: Yield Spreads and Interest Rate Movements: A Bird's Eye View

John Campbell and Robert Shiller

3152: International Tax Competition and Gains from Tax Harmonization

Assaf Razin and Efraim Sadka

3151: Endogenous Growth and the role of History

Mervyn A. King and Mark Robson

3150: Demographics, Fiscal Policy, and U.S. Saving in the 1980s and Beyond

Alan Auerbach and Laurence Kotlikoff

3149: Does Performance-Based Managerial Compensation Affect Subsequent Corporate Performance?

John Abowd

3148: The Effects of Human Resource Management Decisions on Shareholder Value

John Abowd, George T. Milkovich and John M. Hannon

3147: Measureable Dynamic Gains from Trade

Richard Baldwin

3146: Real Wages, Monetary Accommodation, and Inflation

Elhanan Helpman and Leonardo Leiderman

3145: A Framework for studying Monetary Non-Neutrality

Robert Hall

3144: Spontaneous Volatility of Output and Investment

Robert Hall

3143: Temporal Agglomeration

Robert Hall

3142: Corporate Taxation and the Efficiency Gains of the 1986 Tax Reform Act

Jane Gravelle and Laurence Kotlikoff

3141: Multinational Corporations and Productivity Convergence in Mexico

Magnus Blomstrom and Edward Wolff

3140: What Do Rich Countries Trade with Each Other? R&D and the Composition of U.S. and Swedish Trade

Magnus Blomstrom, Robert Lipsey and Lennart Ohlsson

3139: Promoting Investment under International Capital Mobility: An Intertemporal General Equilibrium Analysis

Lans Bovenberg and Lawrence H. Goulder

3138: On the Sequencing of Structural Reforms

Sebastian Edwards

3137: Tax Credits for Debt Reduction

Michael Dooley and Elhanan Helpman

3136: Market Forces and the Public Good: Competition Among Hospitals and Provision of Indigent Care

Richard G. Frank, David Salkever and Jean Mitchell

3135: Public Confidence and Debt Management: A Model and A Case Study of Italy

Alberto Alesina, Alessandro Prati and Guido Tabellini

3134: Staggered Price Setting with Endogenous Frequency of Adjustment

David Romer

3133: Forecasting Aggregate Period Specific Birth Rates: The Time Series Properties of a Microdynamic Neoclassical Model of Fertility

James Heckman and James Walker

3132: Cost and Price Movements in Business Cycle Theories and Experience: Causes and Effects of OBserved Changes (SEE ALSO WP3131-Send out together)

Victor Zarnowitz

3131: Cost and Price Movements in Business Cycle Theories and Experience: Hypotheses of Sticky Wages and Prices (SEE ALSO WP3132-send out together)

Victor Zarnowitz

3130: Unit Roots in Real GNP: Do We Know, and Do We Care?

Lawrence Christiano and Martin Eichenbaum

3129: International Differences in Capital Taxation and Corporate Borrowing Behavior: Evidence from the U.S. Withholding Tax

Leslie Papke

3128: Endogenous Election Timings and Political Business Cycles in Japan

Takatoshi Ito

3127: The Evolution of Unjust-Dismissal Legislation in the United States

Alan Krueger

3126: The Information in the Longer Maturity Term Structure about Future Inflation

Frederic Mishkin

3125: A Multi-Country Study of the Information in the Term Structure about Future Inflation

Frederic Mishkin

3124: International Monetary Instability Between the Wars: Structural Flaws or Misguided Policies?

Barry Eichengreen

3123: The Effects of Immigration on the Labor Market Outcomes of Natives

Joseph Altonji and David Card

3122: The Gold Standard Since Alec Ford

Barry Eichengreen

3121: Debt Write-Downs and Debt-Equity Swaps in the Two Sector Model

Linda Goldberg and Mark Spiegel

3120: Economic Growth in a Cross Section of Countries

Robert Barro

3119: The Growth Effects of 1992

Richard Baldwin

3118: The Non-Optimality of Optimal Trade Policy: The U.S. Automobile Indust ry Revisited, 1979-1985

Kala Krishna, Kathleen Hogan and Phillip Swagel

3117: Solving Nonlinear Stochastic Growth Models: A Comparison of Alternative Solution Methods

John Taylor and Harald Uhlig

3116: Investment, Finacial Factors and Cash Flow: Evidence From UK Panel Data

Michael Devereux and Fabio Schiantarelli

3115: AIL Theory and the Ailing Phillips Curve: A Contract Based Approach to Aggregate Supply

Roger Farmer

3114: Introducing Risky Housing and Endogenous Tenure Choice into Portfolio- Based General Equilibrium Models

Patric Hendershott and Yunhi Won

3113: Social Security and the Determinants of Full and Partial Retirement: A Competing Risks Analysis

Glenn T. Sueyoshi

3112: Capital Controls and International Trade Finance

Alberto Giovannini and Jan Won Park

3111: Corporate Payouts and the Tax Price of Corporate Retentions: Evidence from the Undistributed Profits Tax of 1936-1938

Robert Hubbard and Peter C. Reiss

3110: The Stolper-Samuelson Theorem Reconsidered: An Example of Ricardian Dynamic Trade Effects

Richard Baldwin

3109: Asset Prices and Interest Rates in Cash-In-Advance Models

Alberto Giovannini and Pamela Labadie

3108: Striking for a Bargain Between Two Completely Informed Agents

Raquel Fernandez and Jacob Glazer

3107: Liquidity Constraints in Production Based Asset Pricing Models

William Brock and Blake Lebaron