NBER Working Papers

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1836: Macroeconomic Responses by Developing Countries to Changes in External Economic Conditions

Willem Buiter

1835: Targeting Nominal Income: A Note

Kenneth West

1834: The Welfare Implications of Costly Litigation in the Theory of Liability

A. Mitchell Polinsky and Daniel L. Rubinfeld

1833: Dividend Innovations and Stock Price Volatility

Kenneth West

1832: On the Covariance Structure of Earnings and Hours Changes

John Abowd and David Card

1831: Intertemporal Labor Supply and Long Term Employment Contracts

John Abowd and David Card

1830: High Unemployment in Europe: Diagnosis and Policy Implications

Jeffrey Sachs

1829: The "Youth Problem": Age or Generational Crowding?

David Bloom and Richard Freeman

1828: The Term Structure of Interest Rates: Evidence and Theory

Angelo Melino

1827: The Contribution of Intergenerational Transfers to Total Wealth: A Reply

Laurence Kotlikoff and Lawrence Summers

1826: Savings and Bequests

Michael Hurd

1825: Layoffs, Recall and the Duration of Unemployment

Lawrence Katz

1824: Monetary Policies in Interdependent Economies with Stochastic Disturbances: A Strategic Approach

Stephen J Turnovsky and Vasco d'Orey

1823: The New Protectionism: A Response to Shifts in National Economic Power

Robert Baldwin

1822: Generating a Sharp Disinflation: Israel 1985

Michael Bruno

1821: Explorations in Monetary History: A Survey of the Literature

Michael Bordo

1820: Work Rules, Featherbedding, and Pareto-Optimal Union Management Bargaining

George Johnson

1819: Job Duration, Seniority, and Earnings

Katharine Abraham and Henry S. Farber

1818: A Time-Series Model of Housing Investment in the U.S

Sherwin Rosen and Robert Topel

1817: Fixed Price Versus Spot Price Contracts: A Study in Risk Allocation

A. Mitchell Polinsky

1816: Variation in Employment Growth in Canada: The Role of External, National, Regional and Industrial Factors

Joseph Altonji and John Ham

1815: Technological Opportunity and Spillovers of R&D: Evidence from Firms' Patents, Profits and Market Value

Adam Jaffe

1814: Estimated Macroeconomic Effects of Deficit Targeting

Ray Fair

1813: The Rigidity of Prices

Dennis Carlton

1812: The Response of Interest Rates to Money Announcements under Alternative Operating Prosedures and Reserve Requirement Systems

V. Vance Roley

1811: Inflation and Wage Dispersion

Allan Drazen and Daniel Hamermesh

1810: Stopping Hyperinflations Past and Present

Rüdiger Dornbusch and Stanley Fischer

1809: Public Sector Union Growth and Bargaining Laws: A Proportional Hazards Approach with Time-Varying Treatments

Casey Ichniowski

1808: Public Sector Recognition Strikes: Illegal and Ill-Fated

Casey Ichniowski

1807: The Economic Performance of Survivors after Layoffs: A Plant-Level Study

Casey Ichniowski

1806: Money Announcements, the Demand for Bank Reserves and the Behavior of the Federal Funds Rate Within the Statement Week

John Campbell

1805: Does Saving Anticipate Declining Labor Income? An Alternative Test of the Permanent Income Hypothesis

John Campbell

1804: Implications of the U.S. Net Capital Inflow

Benjamin M. Friedman

1803: Tax Reform, Investment, and the Value of the Firm

Alan Auerbach and James Hines

1802: Nutrition and the Decline in Mortality Since 1700: Some Additional Preliminary Findings

Robert Fogel

1801: Sectorial Wages and the Real Exchange Rate

Joshua Aizenman and Jacob A. Frenkel

1800: Coordination of Monetary and Fiscal Policies in the OECD

Warwick McKibbin and Jeffrey Sachs

1799: The International Transmission and Effects of Fiscal Policies

Jacob A. Frenkel and Assaf Razin

1798: The Invariance of R&D to the Number of Firms in the Industry

Raaj Sah and Joseph Stiglitz

1797: 1944, 1963 and 1985: Modiglianiesque Macro Models

Stanley Fischer

1796: Money in the Utility Function: An Empirical Implementation

James Poterba and Julio Rotemberg

1795: Discontinuities in Pension Benefit Formulas and the Spot Model of the Labor Market: Implications for Financial Economists

James Pesando

1794: Reputation in a Model of Monetary Policy with Incomplete Information

Robert Barro

1793: A Reformulation of the Economic Theory of Fertility

Gary Becker and Robert Barro

1792: Supply Side Economics: Old Truths and New Claims

Martin Feldstein

1791: The Effect of Federal Tax Deductibility on State and Local Taxes and Spending

Martin Feldstein and Gilbert Metcalf

1790: U.S. Budget Deficits and the European Economies: Resolving the Political Economy Puzzle

Martin Feldstein

1789: Long-Term Behavior of Yield Curves

Charles Nelson and Andrew F. Siegel

1788: The Equity Premium and the Concentration of Aggregate Shocks

N. Gregory Mankiw

1787: Monopolistic Competition, Relative Prices and Output Adjustment in the Open Economy

Joshua Aizenman

1786: The Allocation of Credit and Financial Collapse

N. Gregory Mankiw

1785: The Relation Between Price and Marginal Cost in U.S. Industry

Robert Hall

1784: Expected Fiscal Policy and the Recession of 1982

William Branson, Arminio Fraga and Robert A. Johnson

1783: A Multinominal Logistic Approach to the Labor Force Behavior of JapaneseMarried Women

Tadashi Yamada, Tetsuji Yamada and Frank Chaloupka

1782: The Crime Rate and the Condition of the Labor Market: A Vector Autoregressive Model

Tadashi Yamada

1781: The Second Best Theory of Differential Capital Taxation

Martin Feldstein

1780: The Dynamic Interaction of Exchange Rates and Trade Flows

William Branson

1779: Rational Bubbles in Stock Prices?

Behzad Diba and Herschel Grossman

1778: R&D and Productivity Growth: Comparing Japanese and U.S. Manufacturing Firms

Zvi Griliches and Jacques Mairesse

1777: Causes of Appreciation and Volatility of the Dollar with Comment by Jacob Frenkel

William Branson and Jacob A. Frenkel

1776: Has Cost Containment Gone Too Far?

Victor Fuchs

1775: Should Social Security Be Means Tested?

Martin Feldstein

1774: New Estimates of Federal Government Tangible Capital and Net Investment

Michael J. Boskin, Marc S. Robinson and John Roberts

1773: International Capital Mobility and Crowding Out in the U.S. Economy: Imperfect Integration of Financial Markets or of Goods Markets?

Jeffrey Frankel

1772: Debt and Default in the 1930s: Causes and Consequences

Barry Eichengreen and Richard Portes

1771: The Wage Price Spiral

Olivier Blanchard

1770: Monopolistic Competition, Aggregate Demand Externalities and Real Effects of Nominal Money

Olivier Blanchard and Nobuhiro Kiyotaki

1769: Exchange Rates and Prices

Rüdiger Dornbusch

1768: The Deductibility of State and Local Taxes: Impact Effects by State and Income Class

Daniel Feenberg and Harvey Rosen

1767: Price Flexibility, Credit Rationing, and Economic Fluctuations: Evidence from the U.S., 1879-1914

Charles Calomiris and Robert Hubbard

1766: Changes in the Age Distribution of Income in the United States, 1968-1984

Michael J. Boskin, Laurence Kotlikoff and Michael Knetter

1765: The Impact of Tax Reform on Households

Joel Slemrod

1764: Testing Long-Run Productivity Models for the Canadian and U.S. Agricultural Sectors

Susan Capalbo and Michael Denny

1763: The Impact of Pollution Abatement Investment on Productivity Change: AnEmpirical Comparison of the U.S., Germany, and Canada

Klaus Conrad and Catherine Morrison Paul

1762: The Corporate Cost of Capital in Japan and the U.S.: A Comparison

Albert Ando and Alan Auerbach

1761: Estimating the Revenue Maximizing Top Personal Tax Rate

Lawrence B. Lindsey

1760: Taxpayer Behavior and the Distribution of the 1982 Tax Cut

Lawrence B. Lindsey

1759: The Optimal Size of a Tax Collection Agency

Joel Slemrod and Shlomo Yitzhaki

1758: The Antebellum "Surge" in Skill Differentials One More Time: New Evidence

Robert Margo and Georgia C. Villaflor

1757: The Impact of Induced Abortion on Birth Outcomes in the U.S

Ted Joyce

1756: The Return to Tax Simplification: An Econometric Analysis

Joel Slemrod

1755: Exchange Controls, Capital Controls, and International Financial Markets

Alan Stockman and Alejandro Hernandez D.

1754: Workers' Rights: Rethinking Protective Labor Legislation

Ronald Ehrenberg

1753: Taxes and Corporate Investment in Japanese Manufacturing

Fumio Hayashi

1752: Increasing Returns and the Theory of International Trade

Paul Krugman

1751: A Decomposition of the Elasticity of Medicaid Nursing Home Expenditures Into Price, Quality, and Quantity Effects

Paul Gertler

1750: A Latent Variable Model of Quality Determination

Paul Gertler

1749: The Covariation of Risk Premiums and Expected Future Spot Exchange Rates

Robert Hodrick and Sanjay Srivastava

1748: The Effect of the Union Wage Differential on Management Opposition and Union Organizing Success

Richard Freeman

1747: The Covariance Structure of Earnings and Income, Compensatory Behavior and On-the-Job Investments

J. R. Kearl

1746: Macroeconomic Policy Design in an Interdependent World Economy: An Analysis of Three Contingencies

Willem Buiter

1745: The Effectiveness of Equal Employment Law and Affirmative Action Regulation

Jonathan Leonard

1744: Labor Supply Incentives and Disincentives for the Disabled

Jonathan Leonard

1743: Foreign Currency Futures

Robert Hodrick and Sanjay Srivastava

1742: Employment While in College, Academic Achievement and Post-College Outcomes: A Summary of Results

Ronald Ehrenberg and Daniel R. Sherman

1741: Commodity Export Boom and the Real Exchange Rate: The Money-Inflation Link

Sebastian Edwards

1740: The Administration Tax Reform Proposal and Housing

Patric Hendershott and David Ling

1739: Inflation, Exchange Rates and Stabilization

Rüdiger Dornbusch

1738: Nominal Contracting and Price Flexibility in Product Markets

Robert Hubbard and Robert J. Weiner

1737: Life Insurance of the Elderly: Adequacy and Determinants

Alan Auerbach and Laurence Kotlikoff