NBER Working Papers

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906: Inflation Uncertainty and Interest Rates: Theory and Empirical Tests

Richard Hartman and John Makin

905: Are Bond-Financed Deficits Inflationary? A Ricardian Analysis

Bennett McCallum

904: Macroeconomic Implications of Alternative Exchange Rate Models

John Helliwell and Paul M. Boothe

903: Portfolio Composition and Pension Wealth: An Econometric Study

Louis Dicks-Mireaux and Mervyn A. King

902: Private Pensions and Public Pensions: Theory and Fact

Alan Blinder

901: Monetary and Fiscal Policy with Flexible Exchange Rates

William Branson and Willem Buiter

900: Price Asynchronization and Price Level Inertia

Olivier Blanchard

899: International Competition and the Unionized Sector

Gene Grossman

898: Intertemporal Substitution in Macroeconomics

N. Gregory Mankiw, Julio Rotemberg and Lawrence Summers

897: The Taxation of Risky Assets

Jeremy I. Bulow and Lawrence Summers

896: Retirement Annuity Design in an Inflationary Climate

Zvi Bodie and James Pesando

895: Productivity Measurement Using Capital Asset Valuation to Adjust for Variations in Utilization

Ernst R. Berndt and Melvyn A. Fuss

894: The Liquidity Trap and the Pigou Effect: A Dynamic Analysis with Rational Expectations

Bennett McCallum

893: Money Stock Control with Reserve and Interest Rate Instruments Under Rational Expectations

Bennett McCallum and James G. Hoehn

892: Replacing the U.S. Income Tax with a Progressive Consumption Tax: A Sequenced General Equilibrium Approach

Don Fullerton, John B. Shoven and John Whalley

891: The Production and Inventory Behavior of the American Automobile Industry

Olivier Blanchard

890: Changes in American and British Stature Since the Mid-Eighteenth Century: A Prelimanary Report on the Usefulness of Data on Height

Robert Fogel, Stanley L. Engerman, Roderick Floud, Richard Steckel and James Trussell

889: Inflationary Finance under Discrepion and Rules

Robert Barro

888: Time-Separable Preference and Intertemporal-Substitution Models of Business Cycles

Robert Barro and Robert King

887: Post-War Capital Accumulation and the Threat of Nuclear War

Joel Slemrod

886: Interest Rate Implications for Fiscal and Monetary Policies: A Postscript on the Government Budget Constraint

Benjamin M. Friedman

885: An Intertemporal Model of Saving and Investment

Andrew Abel and Olivier Blanchard

884: Stock Issues and Investment Policy When Firms Have Information That Investors Do Not Have

Stewart C. Myers and Nicholas S. Majluf

883: Measuring the Fed's Revenue from Money Creation

Robert Barro

882: The Effect of Liquidity Constraints on Consumption: A Cross-Sectional Analysis

Fumio Hayashi

881: The Economic Foundations of East-West Migration During the Nineteenth Century

Richard Steckel

880: Height and Per Capita Income

Richard Steckel

879: Piece Rate vs. Time Rate: The Effect of Incentives on Earnings

Eric Seiler

878: What! Another Minimum Wage Study?

Mary Eccles and Richard Freeman

877: Capital Taxation

Martin Feldstein

876: Economic Determinants of the Optimal Retirement Age: An Empirical Investigation

Gary Fields and Olivia Mitchell

875: Risk Attitudes in Health: An Exploratory Study

Friedrich Breyer and Victor Fuchs

874: Welfare Aspects of Government Issue of Indexed Bonds

Stanley Fischer

873: Aggregation and Stabilization Policy in a Multi-Contract Economy

Alan Blinder and N. Gregory Mankiw

872: The Tax Treatment of Married Couples and the 1981 Tax Law

Daniel Feenberg

871: Optimum Contracts for Research Personnel, Research Employment, and the Establishment of "Rival" Enterprises

Ariel Pakes and Shmuel Nitzan

870: The Trade-Off between Wages and Employment in Trade Union Objectives

John Pencavel

869: Rational Expectations, the Expectations Hypothesis, and Treasury Bill Yields: An Econometric Analysis

David S. Jones and V. Vance Roley

868: Macroeconomics of Stagflation under Flexible Exchange Rates

Pentti J.K. Kouri

867: Comment on T. J. Sargent and N. Wallace: "Some Unpleasant Monetarist Arithmetic"

Willem Buiter

866: Effects of Regulation on Utility Financing: Theory and Evidence

Robert A. Taggart, Jr.

865: A Reexamination of Purchasing Power Parity: A Multicountry and Multiperiod Study

Craig Hakkio

864: The Excess Sensitivity of Layoffs and Quits to Demand

Robert Hall and Edward Lazear

863: Rational Expectations and the Foreign Exchange Market

Peter Hartley

862: Stabilization Policies in the World Economy: Scope and Skepticism

Jeffrey Sachs

861: LDC Debt in the 1980s: Risk and Reforms

Jeffrey Sachs

860: Labor Supply under Disability Insurance

Frederic P. Slade

859: Aspects of the Current Account Behavior of OECD Economies

Jeffrey D. Sachs

858: New Methods for Estimating Labor Supply Functions: A Survey

James Heckman and Thomas E. MaCurdy

857: Models for the Analysis of Labor Force Dynamics

Christopher Flinn and James Heckman

856: New Methods for Analyzing Structural Models of Labor Force Dynamics

James Heckman and Christopher Flinn

855: Speculative Hyperinflations in Maximizing Models: Can We Rule Them Out?

Maurice Obstfeld and Kenneth Rogoff

854: Severance Pay, Pensions, and Efficient Mobility

Edward Lazear

853: The Behavior of Money, Credit, and Prices in a Real Business Cycle

Robert King and Charles Plosser

852: Energy and Resource Allocation: A Dynamic Model of the "Dutch Disease"

Michael Bruno and Jeffrey Sachs

851: Input Price Shocks and the Slowdown in Economic Growth: The Case of U.K.Manufacturing

Michael Bruno and Jeffrey Sachs

850: R and D and Productivity at the Industry Level: Is There Still a Relationship?

Zvi Griliches and Frank Lichtenberg

849: The Effects of the Minimum Wage on the Employment and Earnings of Youth

Robert H. Meyer and David Wise

848: The New Economics of Accelerated Depreciation

Alan Auerbach

847: Wages and Prices Are Not Always Sticky: A Century of Evidence for the United States, United Kingdom, and Japan

Robert Gordon

846: The Effect of the Minimum Wage on Employment and Unemployment: A Survey

Charles Brown, Curtis Gilroy and Andrew Kohen

845: Expectations and Forecasts from Business Outlook Surveys

Victor Zarnowitz

844: The Labor Market Impact of Federal Regulation: OSHA, ERISA, EEO, and Minimum Wage

Olivia Mitchell

843: Tests of Rational Expectations and No Risk Premium in Forward Exchange Markats

David A. Hsieh

842: International Risk Sharing and the Choice of Exchange-Rate Regime

David A. Hsieh

841: Two Notes on Indeterminacy Problems

Robert Flood, Peter Garber and Louis O. Scott

840: A Comparison of Tournaments and Contracts

Jerry Green and Nancy Stokey

839: Structural Differences and Macroeconomic Adjustment to Oil Price Increases in a Three-Country Model

Nancy Marion and Lars Svensson

838: Consumption, Asset Markets, and Macroeconomic Fluctuations

Robert Shiller

837: The Impact of Collective Bargaining: Can the New Facts Be Explained by Monopoly Unionism?

Richard Freeman and James Medoff

836: The Nonadjustment of Nominal Interest Rates: A Study of the Fisher Effect

Lawrence Summers

835: Expectations, Life Expectancy, and Economic Behavior

Daniel Hamermesh

834: Transitory Terms-of-Trade Shocks and the Current Account: The Case of Constant Time Preference

Maurice Obstfeld

833: Can We Sterilize? Theory and Evidence

Maurice Obstfeld

832: Exchange Rate Dynamics and the Overshooting Hypothesis

Jacob A. Frenkel and Carlos Rodríguez

831: The Roles of Money and Credit in Macroeconomic Analysis

Benjamin M. Friedman

830: Debt Management Policy, Interest Rates, and Economic Activity

Benjamin M. Friedman

829: Dividend Taxes, Corporate Investment, and "Q"

James Poterba and Lawrence Summers

828: Long-Run Effects of the Accelerated Cost Recovery System

Don Fullerton and Yolanda K. Henderson

827: Estimating Wage-Fringe Trade-Offs: Some Data Problems

Robert S. Smith and Ronald Ehrenberg

826: Productivity and R and D at the Firm Level

Zvi Griliches and Jacques Mairesse

825: The Impacts on Capital Allocation of Some Aspects of the Economic Recovery Tax Act of 1981

Patric Hendershott and James D. Shilling

824: Inflation and the Valuation of Corporate Equities

Lawrence Summers

823: The Lender of Last Resort and the Run on the Savings and Loans

Peter Garber

822: Alternatives to the Current Maximum Tax on Earned Income

Lawrence B. Lindsey

821: New Measures of Labor Cost: Implications for Demand Elasticities and Nominal Wage Growth

Daniel Hamermesh

820: The Changing Economic Value of Higher Education in Developed Economies: A Report to the O.E.C.D

Richard Freeman

819: The Efficiency Gains from Dynamic Tax Reform

Alan Auerbach, Laurence Kotlikoff and Jonathan Skinner

818: Real Interest, Money Surprises and Anticipated Inflation

John Makin

817: Stockholder Tax Rates and Firm Attributes

Alan Auerbach

816: Troubled Workers in the Labor Market

Richard Freeman

815: Compliance with the Overtime Pay Provisions of the Fair Labor Standards Act

Ronald Ehrenberg and Paul L. Schumann

814: Adjustment and Structural Change under Supply Shocks

Michael Bruno

813: Health Care Incentives under Disability Insurance

Frederic P. Slade

812: Employment Effects of the Federal Minimum Wage

John F. Boschen and Herschel Grossman

811: Pensions and Mortality

Paul J. Taubman

810: Secular Patterns in Corporate Finance

Robert A. Taggart, Jr.

809: Why U.S. Wage and Employment Behavior Differs from That in Britain and Japan

Robert Gordon

808: Union Effects: Wages, Turnover, and Job Training

Jacob Mincer

807: A Positive Theory of Monetary Policy in a Natural-Rate Model

Robert Barro and David Gordon