NBER Working Papers

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2522: Sectoral Shocks and Structural Unemployment

Michael Riordan and Robert Staiger

2521: Tariffs and Saving in a Model with New Families

Charles Engel and Kenneth Kletzer

2520: The Role of Demand Management in the Maintenance of Full Employment

Bennett McCallum

2519: Capital Subsidies and Countervailing Duties in Oligopolistic Industries

Barbara Spencer

2518: Rules Versus Discretion in Monetary Policy

Stanley Fischer

2517: The Implications of Insurance for the Efficacy of Fiscal Policy

Andrew Abel

2516: Has State Redistribution Policy Grown More Conservative?

Robert Moffitt

2515: Heckscher-Olin Theory and Non-Competitive Markets

Robert Staiger

2514: Organized Labor and the Scope of International Specialization

Robert Staiger

2513: The Challenge to U.S. Leadership in High-Technology Industries (Can the United States Maintain Its Lead? Should It Try?)

Rachel McCulloch

2512: Randomness in Tax Enforcement

Suzanne Scotchmer and Joel Slemrod

2511: Stock Prices, Earnings and Expected Dividends

John Campbell and Robert Shiller

2510: The Deadweight Loss from `Non-Neutral' Capital Income Taxation

Alan Auerbach

2509: Why Do Pensions Reduce Mobility?

Steven Allen, Robert L. Clark and Ann A. McDermed

2508: Deterrence, Work and Crime: Revisiting the Issues with Birth Cohort Data

Helen V. Tauchen, Ann Dryden Witte and Harriet Griesinger

2507: Randomization with Asymmetric Information

Richard Arnott and Joseph Stiglitz

2506: The Efficiency of the Market for Single-Family Homes

Karl Case and Robert Shiller

2505: Obstacles to International Macroeconomic Policy Coordination

Jeffrey Frankel

2504: The Political Economy of Controls: American Sugar

Anne O. Krueger

2503: The Informational Content of Ex Ante Forecasts

Ray Fair and Robert Shiller

2502: Structural Adjustment Policies in Highly Indebted Countries

Sebastian Edwards

2501: The Baby Boom's Legacy: Relative Wages in the 21st Century

Phillip Levine and Olivia Mitchell

2500: Are Public Sector Workers Paid More Than Their Alternative Wage? Evidence From Longitudinal Data and Job Queues

Alan Krueger

2499: The Determinants of Queues for Federal Jobs

Alan Krueger

2498: International Evidence on the Persistence of Economic Fluctuations

John Campbell and N. Gregory Mankiw

2497: Firm Heterogeneity, Internal Finance, and `Credit Rationing'

Charles Calomiris and Robert Hubbard

2496: Consumption: Beyond Certainty Equivalence

Olivier Blanchard and N. Gregory Mankiw

2495: VAR Models as Structural Approximations

Ray Fair

2494: Financial Market Imperfections and Business Cycles

Bruce C. Greenwald and Joseph Stiglitz

2493: Multinational Firms and Manufactured Exports from Developing Countries

Magnus Blomstrom, Irving B. Kravis and Robert Lipsey

2492: Investment Tax Incentives and Frequent Tax Reforms

Alan Auerbach and James Hines

2491: The Real Exchange Rate, Employment, and Output in Manufacturing in the U.S. and Japan

William Branson and James P. Love

2490: Does the Consumption of Different Age Groups Move Together? A New Nonparametric Test of Intergenerational Altruism

Andrew Abel and Laurence Kotlikoff

2489: The Challenge of High Unemployment

Alan Blinder

2488: Consumer Durables and the Optimality of Usually Doing Nothing

Avner Bar-ilan and Alan Blinder

2487: The Implications of Knowledge-Based Growth for the Optimality of Open Capital Markets

Meir Kohn and Nancy Marion

2486: Financing vs. Forgiving a Debt Overhang

Paul Krugman

2485: Monopoly Wealth and International Debt

Jonathan Eaton

2484: The Basic Analytics of Moral Hazard

Richard Arnott and Joseph Stiglitz

2483: Some Empirical Evidence on Hysteresis in Aggregate US Import Prices

Richard Baldwin

2482: Fiscal Policies and the Dollar/Pound Exchange Rate: 1870-1984

Vittorio U. Grilli

2481: Target Zones and Exchange Rate Dynamics

Paul Krugman

2480: Real Business Cycle Models

Bennett McCallum

2479: The U.S. Japan Trade Imbalance from the Japanese Perspective

Ryuzo Sato

2478: The Taxation of Income from Capital in the United States, 1980-86

Don Fullerton and Marios Karayannis

2477: Productivity in American Whaling: The New Bedford Fleet in the Nineteenth Century

Lance Davis, Robert E. Gallman and Teresa Hutchins

2476: Real Rigidities and the Non-Neutrality of Money

Laurence Ball and David Romer

2475: Monetary Policy and Performance in the U.S., Japan and Europe, 1973-86

Stanley Fischer

2474: Recent Developments in Macroeconomics: A Very Quick Refresher Course

N. Gregory Mankiw

2473: Recent Developments in Macroeocnomics

Stanley Fischer

2472: The Case of the Negative Nominal Interest Rates: New Estimates of the Term Structure of Interest Rates During the Great Depression

Stephen Cecchetti

2471: The Dynamics of Housing Demand by the Elderly: Wealth, Cash Flow, and Demographic Effects

Jonathan Feinstein and Daniel McFadden

2470: A Dynamic Programming Model of Retirement Behavior

John Rust

2469: Quits, Moves, Spatial Equilibrium and Workplace Relocation

Jeffrey Zax

2468: The Politics of Ambiguity

Alberto Alesina and Alex Cukierman

2467: Dynamic Strategic Monetary Policies and Coordination in Interdependent Economies

Stephen J Turnovsky, Tamer Basar and Vasco d'Orey

2466: The Gains from Fiscal Cooperation in the Two Commodity Real Trade Model

Stephen J Turnovsky

2465: Industry Effects and Appropriability Measures in the Stock Markets Valuation of R&D and Patents

Iain Cockburn and Zvi Griliches

2464: The Flexible Exchange Rate System: Experience and Alternatives

Rüdiger Dornbusch and Jeffrey Frankel

2463: Pension Backloading, Wage Taxes, and Work Disincentives

Laurence Kotlikoff and David Wise

2462: The Incidence and Efficiency Costs of Corporate Taxation when Corporate and Noncorporate Firms Produce the Same Good

Jane Gravelle and Laurence Kotlikoff

2461: Some Notes on the Scientific Methods of Simon Kuznets

Robert Fogel

2460: International Capital Mobility and Tax Evasion

Alberto Giovannini

2459: Trigger Strategies and Price Dynamics in Equity and Foreign Exchange Markets

Paul Krugman

2458: Information and Multi-Period Optimal Income Taxation with Government Commitment

Dagobert Brito, Jonathan Hamilton, Steven M. Slutsky and Joseph Stiglitz

2457: Patents, Citations and Innovations: Tracing the Links

Manuel Trajtenberg

2456: Means of Payment in Takeovers: Results for the U.K. and U.S

Robert S. Harris, Julian Franks and Colin Mayer

2455: U.S. Commercial Banks and the Developing Country Debt Crisis

Jeffrey Sachs and Harry Huizinga

2454: Wage Gaps vs. Output Gaps: Is There a Common Story for All of Europe?

Robert Gordon

2453: Symmetric Pass-Through of Tariffs and Exchange Rates Under Imperfect Competition: An Empirical Test

Robert Feenstra

2452: Quality Upgrading and its Welfare Cost in U.S. Steel Imports, 1969-74

Randi Boorstein and Robert Feenstra

2451: Welfare Dominance: An Application to Commodity Taxation

Shlomo Yitzhaki and Joel Slemrod

2450: What Do We Learn from Unit Roots in Macroeconomic Time Series?

Danny Quah

2449: Trade Policy under Endogenous Credibility

Charles Engel and Kenneth Kletzer

2448: Economic Development and the Timing and Components of Population Growth

David Bloom and Richard Freeman

2447: Factor Prices and Welfare Under Integrated Capital Markets

Carol Osler

2446: Investor Behavior in the October 1987 Stock Market Crash: Survey Evidence

Robert Shiller

2445: Predicting Criminal Recidivism Using "Split Population" Survival Time Models

Peter Schmidt and Ann Dryden Witte

2444: Nutrition and Infant Health in Japan

Tadashi Yamada, Tetsuji Yamada and Frank Chaloupka

2443: Lending to an Insecure Sovereign

Herschel Grossman

2442: Social Security and Earlier Retirement in Japan: Cross-Sectional Evidence

Tetsuji Yamada and Tadashi Yamada

2441: Portfolio Diversification, Real Interest Rates, and the Balance of Payments

Carol Osler

2440: Changes in the Cyclical Behavior of Individual Production Series

Christina Romer

2439: Pension Wealth, Age-Wealth Profiles and the Distribution of Net Worth

Ann A. McDermed, Robert L. Clark and Steven Allen

2438: The Farm Labor Force by Region, 1820-1860: Revised Estimates and Implications for Growth

Thomas Weiss

2437: Trade Deficits in the Long Run

Barry Eichengreen

2436: Permanent Income, Current Income, and Consumption

John Campbell and N. Gregory Mankiw

2435: The Real Exchange Rate and Employment in U.S. Manufacturing: State and Regional Results

William Branson and James P. Love

2434: Macroeconomic Effects of Price Controls: The Role of Market Structure

Elhanan Helpman

2433: The Effect of Mental Distress on Income: Results from a Community Survey

Richard G. Frank and Paul Gertler

2432: The Equilibrium and Optimal Timing of Price Changes

Laurence Ball and David Romer

2431: Credible Commitment and Exchange Rate Stability: Canada's Interwar Experience

Michael Bordo and Angela Redish

2430: Tax Neutrality and Intangible Capital

Don Fullerton and Andrew Lyon

2429: Risk, Uncertainty and Exchange Rates

Robert Hodrick

2428: Equilibrium Political Budget Cycles

Kenneth Rogoff

2427: Federal Deductibility and Local Property Tax Rates

Douglas Holtz-Eakin and Harvey Rosen

2426: Pensions, Efficiency Wages, and Job Mobility

Alan Gustman and Thomas L. Steinmeier

2425: Inventories and the Propagation of Sectoral Shocks

Russell Cooper and John Haltiwanger

2424: Adjustment in the World Economy

Paul Krugman

2423: The Learning Curve and Optimal Production Under Uncertainty

Saman Majd and Robert Pindyck