RCER Working Papers

From University of Rochester - Center for Economic Research (RCER)
University of Rochester, Center for Economic Research, Department of Economics, Harkness 231 Rochester, New York 14627 U.S.A..
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444: The Replacement Problem

Thomas Cooley, Jeremy Greenwood and Mehmet Yorukoglu

443: On the Determinant of Economic Growth

Sergio Rebelo

442: Semiparametric Efficient Estimation in Time Series

Douglas Hodgson

441: What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms

R. Sergio

440: The Bricks of an Empire 1415-1999, 585 Years of Portugues Emigration

S.L. Engerman and J.C. Das Neves

439: Optimal Dynamic Lending Contracts with Imperfect Enforceability

Rui Albuquerque and Hugo Hopenhayn

438: Beyong Balanced Growth

P. Kongsamut, Sergio Rebelo and Danyang Xie

437: Skilled Labor-Augmenting Technical Progress in U.S. Manufacturing

James Kahn and J.S. Lim

436: Effects of the Federal Individual Income Tax on Marriage and Divorce Decisions

George Clarke and Robert Strauss

435: The Third Industrial Revolution

Jeremy Greenwood

434: Education, Political Instability, and Growth

James Kahn

433: Finite Horizons, Political Economy, and Growth

James Kahn and J.S. Lim

432: Vertical Markets in International Trade

Ronald Jones

431: Monotonic Extension on Economic Domains

William Thomson

430: Aggreagate Employment Fluctuations with Microeconomic Asymmetries

Jeffrey Campbell and Jonas Fisher

429: 1974

Jeremy Greenwood and Mehmet Yorukoglu

428: What Inventory Behavior Tells Us About Business Cycles

Mark Bils and James Kahn

427: On the Optimality of Interest Rate Smoothing

Sergio Rebelo and Danyang Xie

426: A Strong Incompatibility Between Efficiency and Equity in Non-Convex Economics

Francois Maniquet

425: Technology for Sale

Hamid Beladi, Ronald Jones and Sugata Marjit

424: Assessing the Effects of School Resources on Student Performance: An Update

Eric Hanushek

423: Two Derivations of the Uniform Rule and an Application to Bankruptcy

James Schummer and William Thomson

422: Policy Variability and Economic Growth

Hugo Hopenhayn and M.E. Maniagurria

421: Optimal Unemployment Insurance

Hugo Hopenhayn and Juan Pablo Nicolini

420: Long-Run Implications of Investment-Specific Technological Change

Jeremy Greenwood, Zvi Hercowitz and Per Krusell

419: Collinearity and Two-Step Estimation of Sample Selection Models: Problems, Origins and Remedies

Siu Leung and S. Yu

418: Consistent Allocation Rules

William Thomson

417: Writing Papers

William Thomson

416: Robust Semiparametric Estimation in the Presence of Heterogeneity of Unknown Form

Douglas Hodgson

415: Macroeconomic Effects of Employment Reallocation

Jeffrey Campbell and Kenneth Kuttner

414: Matching Human Capital and Displacement

Varadarajan Chari and H.A. Hopenhayen

410: Adaptive Estimation of Error Correlation Models

Douglas Hodgson

409: Adaptive Estimation of Cointegrated Models Simulation, Evidence and Application to the Forward Exchange Market

Douglas Hodgson

408: Adaptive Estimation of Cointegrating Regressions with ARMA Errors

Douglas Hodgson

407: Entry, Exit, Technology, and Business Cycles

Jeffrey Campbell

406: Financial Markets in Development, and the Development of Financial Markets

Jeremy Greenwood and Bruce Smith

405: Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories

Sergio Rebelo and Carlos Vegh

404: Measuring Intertemporal Substitution: The Role of Durable Goods

Masao Ogaki and Carmen Reinhart

403: The Replacement Principle in Economies with Indivisible Goods

William Thomson

402: Capital Utilization and Returns to Scale

Craig Burnside, Martin Eichenbaum and Sergio Rebelo

400: Axiomatic Analysis of Resource Allocation

Herve Moulin and William Thomson

399: Income and Wealth Heterogeneity in the Macroeconomic

Per Krusell and Anthony Smith

398: The Competitive Equilibrium Turnpike II

Lionel McKenzie

397: Aggregation and the Estimated Effects of School Resources

Eric Hanushek, Steven Rivkin and Lori Taylor

396: Concepts of Implementation

William Thomson

395: Equilibrium, Trade, and Capital Accumulation

L.W. Mckinzie

394: The Cyclical Behavior of Job Creation and Job Destruction: A Sectoral Model

Jeremy Greenwood, Glenn MacDonald and J.G. Zhang

393: The Competitive Equilibrium Turnpike

Lionel McKenzie

392: The Existence of Steady States in Multisector Capital Accumulation Models with Recursive Preferences

John Boyd

391: Repairing the Safety Net: Is the EITC the Right Patch?

E.J. Bird