NBER Working Papers

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2557: On The Difference Between Tax And Spending Policies In Models With Finite Horizons

William Branson and Giampaolo Galli

2556: A Structural Equation Model for Tax Compliance and Auditing

Kurt Beron, Helen V. Tauchen and Ann Dryden Witte

2555: Resolving Debt Crises: An Historical Perspective

Barry Eichengreen

2554: Interindustry R&D Spillovers, Rates Of Return, and Production In High-Tech Industries

Jeffrey Bernstein and M. Ishaq Nadiri

2553: The Tax Reform Act Of 1986 And Economic Growth

Patric Hendershott

2552: Monetary Policy Without Quantity Variables

Benjamin M. Friedman

2551: Lessons On Monetary Policy From The 1980's

Benjamin M. Friedman

2550: Strikes and Wages: A Test of a Signalling Model

David Card

2549: The Contribution of a Monetary History of the United States: 1867 to 1960 To Monetary History

Michael Bordo

2548: Workers' Trust Funds and the Logic of Wage Profiles

George Akerlof and Lawrence Katz

2547: Learning In Equilibrium Models of Arbitration

Robert Gibbons

2546: Unemployment Insurance And Unemployment Spells

Bruce Meyer

2545: Hysteresis In Import Prices: The Beachhead Effect

Richard Baldwin

2544: The Macroeconomics of Exchange-rate and Price-level Interactions: Empirical Evidence for West Germany

Alberto Giovannini

2543: Compositional Effects of Government Spending in a Two-Country Two-SectorProduction Model

Steven Durlauf and Robert Staiger

2542: Exchange Rate Pass-Through When Market Share Matters

Kenneth Froot and Paul Klemperer

2541: LDC Debt: Forgiveness, Indexation, and Investment Incentives

Kenneth Froot, David Scharfstein and Jeremy Stein

2540: Product Development and International Trade

Gene Grossman and Elhanan Helpman

2539: Competitiveness, Realignment, and Speculation: The Role of Financial Markets

Maurice Obstfeld

2538: What Moves Stock Prices?

David Cutler, James Poterba and Lawrence Summers

2537: The Effect Of The Investment Tax Credit On The Value Of The Firm

Andrew Lyon

2536: National Price Levels and the Prices of Tradables and Nontradables

Irving B. Kravis and Robert Lipsey

2535: An Analysis Of Pension Benefit Formulas, Pension Wealth And Incentives From Pensions

Alan Gustman and Thomas L. Steinmeier

2534: Credit, Money, and Aggregate Demand

Ben Bernanke and Alan Blinder

2533: Fads, Martingales, and Market Efficiency

Bruce N. Lehmann

2532: Alternative Mechanisms for Corporate Control

Randall Morck, Andrei Shleifer and Robert Vishny

2531: The Line Item Veto and Public Sector Budgets: Evidence from the States

Douglas Holtz-Eakin

2530: Change in Market Assessments of Deposit-Institution Riskiness

Edward Kane and Haluk Unal

2529: On the Determinants of the Value of Call Options on Default-Free Bonds

Stephen A. Buser, Patric Hendershott and Anthony Sanders

2528: Can Public Spending Cuts be Inflationary?

Willem Buiter

2527: Optimal Policies with Strategic Distortions

Kala Krishna and Marie Thursby

2526: The Compliance Cost of Itemizing Deductions: Evidence from Individual Tax Returns

Mark Pitt and Joel Slemrod

2525: The Poor at Birth: Infant Auxology and Mortality at Philadelphia's Almshouse Hospital, 1848-1873

Claudia Goldin and Robert Margo

2524: Takeover Bids below the Expected Value of Minority Shares

Lucian Bebchuk

2523: Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment

Martin Eichenbaum

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