NBER Working Papers

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2036: Pensions, Unions and Implicit Contracts

Alan Gustman and Thomas L. Steinmeier

2035: Hysteresis in Unemployment

Olivier Blanchard and Lawrence Summers

2034: Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment

Olivier Blanchard and Lawrence Summers

2033: Investment, Tobin's Q, and Multiple Capital Inputs

Bob Chirinko

2032: Consumption and Government-Budget Finance in a High-Deficit Economy

Leonardo Leiderman and Assaf Razin

2031: Country Risk and Incentives Schemes

Joshua Aizenman

2030: The Impact of Medicare's Prospective Payment System on Psychiatric Patients Treated in Scatterbeds

Richard G. Frank, Judith R. Lave, Carl A. Taube, Agnes Rupp and Howard H. Goldman

2029: Dividend and Share Changes: Is There a Financing Hierarchy?

Robert L. McDonald and Naomi Soderstrom

2028: Immigrants, Minorities, and Labor Market Competition

George Borjas

2027: Death, Population Growth, Productivity Growth and Debt Neutrality

Willem Buiter

2026: How Important is Welfare Dependence?

Rebecca Blank

2025: Do Deferred Wages Dominate Involuntary Unemployment as a Worker Discipline Device?

George Akerlof and Lawrence Katz

2024: Comparing the Performance of Alternative Exchange Arrangements

Warwick McKibbin and Jeffrey D. Sachs

2023: Structural and Stabilization Aspects of Fiscal and Financial Policy in the Dependent Economy

Willem Buiter

2022: Price Inertia and Inflation: Evidence and Theoretical Rationale

M. Ishaq Nadiri

2021: The Youth Labor Market in the 80s: Determinants of Re-Employment Probabilities for Young Men and Women

Lisa Lynch

2020: Tax Structure and Public Sector Growth

Daniel Feenberg and Harvey Rosen

2019: Can Union Labor Ever Cost Less?

Steven Allen

2018: Optimal Monetary Policy in an Open Economy

Peter J. Stemp and Stephen J Turnovsky

2017: Persistent Trade Effects of Large Exchage Rate Shocks

Richard Baldwin and Paul Krugman

2016: Two-Person Dynamic Equilibrium: Trading in the Capital Market

Bernard Dumas

2015: Agency Costs, Collateral, and Business Fluctuations

Ben Bernanke and Mark Gertler

2014: Interindustry Wage Differences and Industry Characteristics

William T. Dickens and Lawrence Katz

2013: Permanent Homelessness in America?

Richard Freeman and Brian Hall

2012: Testing the Response of Consumption to Income Changes with (Noisy) PanelData

Joseph Altonji and Aloysius Siow

2011: Export Supply and Import Demand Functions: A Production Theory Approach

Walter Diewert

2010: Hospital Admissions, Length of Stay, and Case-Mix Impacts of Per Case Payment: The Maryland Experience

David Salkever and Donald M. Steinwachs

2009: Government Purchases and Real Interest Rates

N. Gregory Mankiw

2008: Health Expenditures and Precautionary Savings

Laurence Kotlikoff

2007: Tax Policy and International Competitiveness

Lawrence Summers

2006: Inflationary Consequences of Anticipated Macroeconomic Policies

Allan Drazen and Elhanan Helpman

2005: Government Spending, Interest Rates, Prices, and Budget Deficits in the United Kingdom, 1701-1918

Robert Barro

2004: Rational Inflationary Bubbles

Behzad Diba and Herschel Grossman

2003: Propogation of Shocks in a High-Inflation Economy: Israel, 1980-85

Leonardo Leiderman and Assaf Razin

2002: Research and Development and Intraindustry Spillovers: An Empirical Application of Dynamic Duality

Jeffrey Bernstein and M. Ishaq Nadiri

2001: The Political Economy of the Smoot-Hawley Tariff

Barry Eichengreen

2000: Errors of Measurement in Output Deflators

Frank Lichtenberg and Zvi Griliches

1999: The Estimation of Prewar GNP Volatility, 1869-1938

Nathan Balke and Robert Gordon

1998: Labor Markets and the Choice of Technology in an Open Developing Economy

Joshua Aizenman

1997: The Ins and Outs of Unemployment: The Ins Win

Michael Darby, John Haltiwanger and Mark W. Plant

1996: The Empirical Analysis of Tax Reforms

Mervyn A. King

1995: Supply-Side Macroeconomics

John Helliwell

1994: Taxation of Asset Income in the Presence of a World Securites Market

Roger Gordon and Hal Varian

1993: The Cash Flow Corporate Income Tax

Mervyn A. King

1992: Measuring the Efficiency Cost of Taxing Risky Capital Income

Roger Gordon and John Wilson

1991: Consumer Spending and the After-Tax Real Interest Rate

N. Gregory Mankiw

1990: On the Inception of Rational Bubbles in Stock Prices

Behzad Diba and Herschel Grossman

1989: The Internationalization of American Banking and Finance: Structure, Risk, adn World Interest Rates

Michael Darby

1988: Supply Shocks and Optimal Monetary Policy

Stephen J Turnovsky

1987: Economic Events and Keynesian Ideas: The 1930s and the 1970s

Michael Darby and James Lothian

1986: Reputational Constraints on Monetary Policy

Kenneth Rogoff

1985: Ski-Lift Pricing, with an Application to the Labor Market

Robert Barro and Paul Romer

1984: Why Are Children Poor?

Victor Fuchs

1983: The Failure of Ricardian Equivalence Under Progressive Wealth Taxation

Andrew Abel

1982: Endogenous Drinking Age Laws and Highway Mortality Rates of Young Drivers

Henry Saffer and Michael Grossman

1981: A Time Series Analysis of Representative Agent Models of Consumption andLeisure Choice Under Uncertainty

Martin Eichenbaum, Lars Hansen and Kenneth Singleton

1980: Irreversible Investment, Capacity Choice, and the Value of the Firm

Robert Pindyck

1979: In the Wrong Place at the Wrong Time: The Extent of Frictional and Structural Unemployment

Jonathan Leonard

1978: Gains from Trade in Differentiated Products: Japanese Compact Trucks

Robert Feenstra

1977: Incentive Compatible Trade Policies

Robert Feenstra

1976: The Wage-Productivity Hypothesis: Its Economic Consequences and Policy Implications

Joseph Stiglitz

1975: Issues in the Measurement and Interpretation of Effective Tax Rates

David Bradford and Charles Stuart

1974: Private Investment in R&D to Signal Ability to Perform Government Contracts

Frank Lichtenberg

1973: Chronic Excess Capacity in U.S. Industry

Robert Hall

1972: Dollar Appreciation and Manufacturing Employment and Output

William Branson and James P. Love

1971: An Evaluation of Recent Evidence on Stock Market Bubbles

Robert Flood, Robert Hodrick and Paul Kaplan

1970: Budget Deficits, Tax Rules, and real Interest Rates

Martin Feldstein

1969: The Prewar Business Cycle Reconsidered: New Estimates of Gross NationalProduct, 1869-1918

Christina Romer

1968: Reflections on the Inter-Industry Wage Structure

Alan Krueger and Lawrence Summers

1967: Money and the Open Economy Business Cycle: A Flexible Price Model

Robert Flood and Robert Hodrick

1966: The Demand for Health Inputs and Their Impact on the Black Neonatal Mortality Rate in the U.S

Ted Joyce

1965: The Relationship Between Firm Size and Firm Growth in the U.S. Manufacturing Sector

Bronwyn Hall

1964: Speculative Behavior of Institutional Investors

John Pound and Robert Shiller

1963: Interpreting Tests of Forward Discount Bias Using Survey Data on Exchange Rate Expectations

Kenneth Froot and Jeffrey Frankel

1962: Is the Japan Problem Over?

Paul Krugman

1961: Fiscal Policies and International Financial Markets

Alan Stockman

1960: Price Contracts, Output, and Monetary Disturbances

Alan Stockman

1959: Mortgage Pricing: What Have We Learned So Far?

Patric Hendershott

1958: The Valuation of Security Analysis

Alex Kane and Alan Marcus

1957: Industrial Organization and International Trade

Paul Krugman

1956: The Intrafamily Allocation of Goods - How to Separate the Men From the Boys

Reuben Gronau

1955: Finite Lifetimes and the Crowding Out Effects of Budget Deficits

James Poterba and Lawrence Summers

1954: Merit Pay for School Superintendents?

Ronald Ehrenberg, Richard P. Chaykowski and Randy A. Ehrenberg

1953: The Canada-U.S. Auto Pact of 1965: An Experiment in Selective Trade Liberalization

Melvyn Fuss and Leonard Waverman

1952: Efficiency Wages and the Wage Structure

Alan Krueger and Lawrence Summers

1951: On the Size Distribution of Employment and Establishments

Jonathan Leonard

1950: Hysteresis and the European Unemployment Problem

Olivier Blanchard and Lawrence Summers

1949: Maximum Hours Legislation and Female Employment in the 1920s: A Reasse ssment

Claudia Goldin

1948: Quotas and the Stability of Implicit Collusion

Julio Rotemberg and Garth Saloner

1947: The Welfare Cost of Uncertain Tax Policy

Jonathan Skinner

1946: The Term Structure of Euromarket Interest Rates: An Empirical Investigation

John Campbell and Richard Clarida

1945: The Balance of Payments Adjustment Mechanism in a Rational Expectations Equilibrium

Richard Clarida

1944: International Lending and Borrowing in a Stochastic Sequence Equilibrium

Richard Clarida

1943: The Relative Rigidity of Monopoly Pricing

Julio Rotemberg and Garth Saloner

1942: The Self-Employment Experience of Immigrants

George Borjas

1941: Investment Incentives and the Discounting of Depreciation Allowances

Lawrence Summers

1940: Political Parties and the Business Cycle in the United States, 1948-1984

Alberto Alesina and Jeffrey Sachs

1939: News or Noise? An Analysis of GNP Revisions

N. Gregory Mankiw and Matthew Shapiro

1938: An Analysis of the Selection of Arbitrators

David Bloom and Christopher L. Cavanagh

1937: Marginal Costs of Income Redistribution at the State Level

William Johnson