Jump to the Navigation Bar

Archive of New National Bureau of Economic Research Working Papers and Books

New This Week Archive

• Currency Unions
  Alberto Alesina and Robert J. Barro #7927 (IFM)
  
• Prudential Supervision: Why Is It Important and What are the Issues?
  Frederic S. Mishkin #7926 (ME)
  
• On the Nature of Capital Adjustment Costs
  Russell W. Cooper and John C. Haltiwanger #7925 (EFG)
  
• Does Managed Care Change the Mission of Nonprofit Hospitals? Evidence From the Managerial Labor Market
  Richard Arnould, Marianne Bertrand, and Kevin F. Hallock #7924 (HC, LS)
  
• Does the Social Security Earnings Test Affect Labor Supply and Benefits Receipt?
  Jonathan Gruber and Peter Orszag #7923 (A, LS, PE)
  
• The Optimal Elasticity of Taxable Income
  Joel Slemrod and Wojciech Kopczuk #7922 (PE)
  
• Different Approaches to Bankruptcy
  Oliver Hart #7921 (CF)
  
• Taxing Multinationals
  Michael P. Devereux and R. Glenn Hubbard #7920 (IFM, PE)
  
• Causes of U.S. Bank Distress During the Depression
  Charles W. Calomiris and Joseph R. Mason #7919 (DAE, ME)
  
• Where Does State Street Lead? A First Look at Finance Patents, 1971-2000
  Josh Lerner #7918 (PR, CF)
  
• Environmental Levies and Distortionary Taxation: Pigou, Taxation, and Pollution
  Gilbert E. Metcalf #7917 (PE)
  
• The Present and Future of Monetary Policy Rules
  Bennett T. McCallum #7916 (EFG, ME)
  
• Timeless Perspectives vs. Discretionary Monetary Policy In Forward-Looking Models
  Bennett T. McCallum and Edward Nelson #7915 (EFG, ME)
  
• Endogenous Pricing to Market and Financing Costs
  Joshua Aizenman #7914 (ITI)
  
• A New Approach to Measuring Financial Contagion
  Kee-Hong Bae, G. Andrew Karolyi and René M. Stulz #7913 (AP, CF, IFM)
  
• Estimating the Rental Adjustment Process
  Patric H. Hendershott, Bryan D. MacGregor, and Raymond Y.C. Tse #7912 (EFG)
  
• International Data on Educational Attainment Updates and Implications
  Robert J. Barro and Jong-Wha Lee #7911 (CH, EFG, PE)
  
• Policy Rules and External Shocks
  Laurence Ball #7910 (ME, EFG)
  
• Treatment Effects for Discrete Outcomes when Responses to Treatment Vary Among Observationally Identical Persons: An Application to Norwegian Vocational Rehabilitation Programs
  Arild Aakvik, James J. Heckman, and Edward J. Vytlacil #T0262 (TWP)
  
• Aspects of Global Economic Integration: Outlook for the Future
  Martin Feldstein #7899 (IFM, ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Supplemental Security Income Program"
  Mary C. Daly and Richard V. Burkhauser
  "Dimensions of Credit Risk and Their Relationship to Economic Capital Requirements"
  Mark Carey
  "Market Discipline in Governance of U.S. Bank Holding Companies: Monitoring vs. Influencing"
  Robert R. Bliss and Mark J. Flannery
  "Can Emerging Market Bank Regulators Establish Credible Discipline? The Case of Argentina, 1992-1999"
  Charles W. Calomiris and Andrew Powell

• Are Two Heads Better Than One?: An Experimental Analysis of Group vs. Individual Decisionmaking
  Alan S. Blinder and John Morgan #7909 (ME)
  
• An Optimizing IS-LM Framework with Endogenous Investment
  Miguel Casares and Bennett T. McCallum #7908 (EFG, ME)
  
• How Do Doctors Behave When Some (But Not All) of Their Patients are in Managed Care?
  Sherry Glied and Joshua Zivin #7907 (HC)
  
• Do the Rich Save More?
  Karen E. Dynan, Jonathan Skinner, and Stephen P. Zeldes #7906 (EFG, PE)
  
• Occupation-Level Income Shocks and Asset Returns: Their Covariance and Implications for Portfolio Choice
  Steven J. Davis and Paul Willen #7905 (AP, LS)
  
• The World Technology Frontier
  Francesco Caselli and Wilbur John Coleman II #7904 (EFG, PR)
  
• The Effect of the Tax Reform Act of 1986 on the Location of Assets in Financial Services Firms
  Rosanne Altshuler and R. Glenn Hubbard #7903 (PE)
  
• International Capital Inflows, Domestic Financial Intermediation and Financial Crises under Imperfect Information
  Menzie D. Chinn and Kenneth M. Kletzer #7902 (IFM)
  
• Verifiability and the Vanishing Intermediate Exchange Rate Regime
  Jeffrey Frankel, Sergio Schmukler, and Luis Servén #7901 (IFM)
  
• Are Financial Crises Becoming Increasingly More Contagious? What is the Historical Evidence on Contagion?
  Michael D. Bordo and Antu P. Murshid #7900 (DAE, IFM, ME)
  
• Bootstrap Tests for the Effect of Treatment on the Distribution of an Outcome Variable
  Alberto Abadie #T0261 (TWP, LS)
  
• Semiparametric Estimation of Instrumental Variable Models for Causal Effects
  Alberto Abadie #T0260 (TWP, PE)
  
• Outside Funding of Community Organizations: Benefiting or Displacing the Poor?
  Mary Kay Gugerty and Michael Kremer #7896 (PE)
  

• Inventors and Pirates: Creative Activity and Intellectual Property Rights
  Herschel I. Grossman #7898 (EFG)
  
• The Creation of Effective Property Rights
  Herschel I. Grossman #7897 (EFG)
  
• Live Long, Live Well: Quantifying the Health of Heterogeneous Populations
  John Mullahy #7895 (HC, HE)
  
• Entrepreneurship and Household Saving
  William M. Gentry and R. Glenn Hubbard #7894 (CF, PE, EFG)
  
• The Asset Price Incidence of Capital Gains Taxes: Evidence from the Taxpayer Relief Act of 1997 and Publicly-Traded Real Estate Firms
  Todd Sinai and Joseph Gyourko #7893 (PE)
  
• The Regulation of Entry
  Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes, and Andrei Shleifer #7892 (CF, PE)
  
• Measuring the "Ideas" Production Function: Evidence from International Patent Output
  Michael E. Porter and Scott Stern #7891 (IO, PR)
  
• Upstairs, Downstairs: Computer-Skill Complementarity and Computer-Labor Substitution on Two Floors of a Large Bank
  David H. Autor, Frank Levy, and Richard J. Murnane #7890 (LS, PR)
  
• Optimal Exchange Rate Policy: The Influence of Price Setting and Asset Markets
  Charles Engel #7889 (IFM)
  
• The Impact of School Choice on Student Outcomes: An Analysis of the Chicago Public Schools
  Julie Berry Cullen, Brian Jacob, and Steven Levitt #7888 (CH, PE)
  
• The Impact of Information Technology on Emergency Health Care Outcomes
  Susan Athey and Scott Stern #7887 (HC, IO, PR)
  
• Paying our Presidents: What do Trustees Value?
  Ronald G. Ehrenberg, John L. Cheslock, and Julia Epifantseva #7886 (LS)
  
• One Kind of Freedom: Reconsidered (and Turbo Charged)
  Roger L. Ransom and Richard Sutch #H0129 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "The Effects of 401(k) Plans on Household Wealth: Differences Across Earnings Groups"
  Eric M. Engen and William G. Gale
  "Did U.S. Bank Supervisors Get Tougher During the Credit Crunch? Did They Get Easier During the Banking Boom? Did It Matter to Bank Lending?"
  Allen N. Berger, Margaret K. Kyle, and Joseph M. Scalise
  "Labor Mobility, Redistribution and Pensions Reform in Europe"
  Alain Jousten and Pierre Pestieau

• Contagion in Latin America: Definitions, Measurement, and Policy Implications
  Kristin Forbes and Roberto Rigobon #7885 (IFM)
  
• The Inexorable and Mysterious Tradeoff Between Inflation and Unemployment
  N. Gregory Mankiw #7884 (EFG, ME)
  
• Managed Care, Technology Adoption, and Health Care: The Adoption of Neonatal Intensive Care
  Laurence C. Baker and Ciaran S. Phibbs #7883 (HC)
  
• Aging and Housing Equity
  Steven F. Venti and David A. Wise #7882 (A)
  
• The Public-Private Mix in the Modern Health Care System - Concepts, Issues, and Policy Options Revisited
  Dov Chernichovsky #7881 (HE)
  
• Fin de Siècle Real Interest Parity
  Eiji Fujii and Menzie D. Chinn #7880 (IFM)
  
• A Debt Puzzle
  David Laibson, Andrea Repetto, and Jeremy Tobacman #7879 (AP, EFG)
  
• Does the Internet Increase Trading? Evidence from Investor Behavior in 401(k) Plans
  James J. Choi, David Laibson, and Andrew Metrick #7878 (AP)
  
• When Does Funding Research by Smaller Firms Bear Fruit?: Evidence from the SBIR Program
  Joshua S. Gans and Scott Stern #7877 (IO, PR)
  
• The Determinants of National Innovative Capacity
  Scott Stern, Michael E. Porter, and Jeffrey L. Furman #7876 (IO, PR)
  
• The Impact of Grading Standards on Student Achievement, Educational Attainment, and Entry-Level Earnings
  Julian R. Betts and Jeff Grogger #7875 (CH, LS)
  
• Educational Attainment in Blended Families
  Anne Case, I-Fen Lin, and Sara McLanahan #7874 (CH)
  
• Asset Liquidity and Segment Divestitures
  Frederik P. Schlingemann, René M. Stulz, and Ralph A. Walkling #7873 (AP, CF)
  
• Currency Unions and International Integration
  Andrew K. Rose, and Charles Engel #7872 (IFM)
  
• Money, Interest Rates, and Exchange Rates with Endogenously Segmented Asset Markets
  Fernando Alvarez, Andrew Atkeson, and Patrick J. Kehoe #7871 (EFG, IFM)
  
• International Business Cycles with Endogenous Incomplete Markets
  Patrick J. Kehoe and Fabrizio Perri #7870 (EFG, IFM)
  
• Can Sticky Price Models Generate Volatile and Persistent Real Exchange Rates?
  V.V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan #7869 (EFG, IFM)
  
• Diagnosing Market Power in California's Restructured Wholesale Electricity Market
  Severin Borenstein, James Bushnell, and Frank Wolak #7868 (IO)
  

• Peer Effects in the Classroom: Learning from Gender and Race Variation
  Caroline Hoxby #7867 (CH, LS, PE)
  
• Would School Choice Change the Teaching Profession?
  Caroline Hoxby #7866 (CH, LS, PE)
  
• Do Pharmaceutical Prices Respond to Insurance?
  Nina Pavcnik #7865 (HC, PR, PE)
  
• Do We Really Need a New International Monetary Compact?
  Maurice Obstfeld and Kenneth Rogoff #7864 (IFM, ME)
  
• The Economics of Religion, Jewish Survival and Jewish Attitudes Toward Competition in Torah Education
  Dennis W. Carlton and Avi Weiss #7863 (IO)
  
• Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate-Based-Stabilizations
  Ariel T. Burstein, João C. Neves, and Sergio Rebelo #7862 (EFG, IFM)
  
• Accumulated Pension Collars: A Market Approach to Reducing the Risk of Investment-Based Social Security Reform
  Martin Feldstein and Elena Ranguelova #7861 (A, AP, PE)
  
• Schooling and Labor Market Consequences of School Construction in Indonesia: Evidence from and Unusual Policy Experiment
  Esther Duflo #7860 (CH)
  
• Political Jurisdiction in Heterogeneous Communities
  Alberto Alesina, Reza Baqir, and Caroline Hoxby #7859 (PE)
  
• Globalization of the Economy
  Jeffrey A. Frankel #7858 (IFM, ITI)
  
• Estimating the Effect of Currency Unions on Trade and Output
  Jeffrey A. Frankel and Andrew K. Rose #7857 (IFM, ITI)
  
• Gold into Base Metals: Productivity Growth in the People's Republic of China during the Reform Period
  Alwyn Young #7856 (EFG)
  
• Instrumental Variables, Selection Models, and Tight Bounds on the Average Treatment Effect
  James J. Heckman and Edward J. Vytlacil #T0259 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Tax Policy, Venture Capital and Entrepreneurship"
  Christian Keuschnigg and Søren Bo Nielsen
  "Why is Productivity Procyclical? Why Do We Care?"
  Susanto Basu and John Fernald

• Managers, Investors, and Crises: Mutual Fund Strategies in Emerging Markets
  Graciela Kaminsky, Richard K. Lyons, and Sergio Schmukler #7855 (AP, IFM)
  
• Ability Tracking, School Competition, and the Distribution of Educational Benefits
  Dennis Epple, Elizabeth Newlon, and Richard Romano #7854 (CH, PE)
  
• Monetary Policy in a World Without Money
  Michael Woodford #7853 (EFG, ME)
  
• Trade Liberalization, Exit, and Productivity Improvements: Evidence from Chilean Plants
  Nina Pavcnik #7852 (ITI, PR)
  
• When Does Start-Up Innovation Spur the Gale of Creative Destruction?
  Joshua S. Gans, David H. Hsu, and Scott Stern #7851 (IO, PR)
  
• Neighborhood Schools, Choice, and the Distribution of Educational Benefits
  Dennis Epple and Richard Romano #7850 (CH, PE)
  
• Interactions-Based Models
  William A. Brock and Steven N. Durlauf #T0258 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Child Support: Interactions Between Private and Public Transfers"
  Robert I. Lerman and Elaine Sorensen
  "The Earned Income Tax Credit"
  V. Joseph Hotz and John Karl Scholz
  "Medicaid"
  Jonathan Gruber
  "U.S. Food and Nutrition Programs"
  Janet Currie
  "Tax Policy, Venture Capital and Entrepreneurship"
  Christian Keuschnigg and Søren Bo Nielsen
  "The Effects of 401(k) Plans on Household Wealth"
  Eric M. Engen and William G. Gale
  "Repatriation Taxes, Repatriation Strategies and Multinational Financial Policy"
  Rosanne Altshuler and Harry Grubert
  "The Impact of Corporate and Personal Income Taxes on the Location of Firms and on Employment Growth: Some Panel Evidence for the Swiss Cantons"
  Lars P. Feld and Gebhard Kirchgässner
  "Why Is The Corporate Tax Rate Lower Than The Personal Tax Rate?"
  Clemens Fuest, Bernd Huber, and Søren B. Nielsen
  "Child Care Subsidy Programs"
  David Blau

• Creative Destruction and Development: Institutions, Crises, and Restructuring
  Ricardo J. Caballero and Mohamad L. Hammour #7849 (EFG)
  
• Factor Supplies and Specialization in the World Economy
  James Harrigan and Egon Zakrajsek #7848 (ITI)
  
• A Model for the Federal Funds Rate Target
  James D. Hamilton and Oscar Jorda #7847 (EFG, ME)
  
• What Explains Skill Upgrading in Less Developed Countries?
  Nina Pavcnik #7846 (ITI)
  
• Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit
  Michael Klein, Joe Peek, and Eric Rosengren #7845 (IFM)
  
• Was There a Riverside Miracle? A Framework for Evaluating Multi-Site Programs
  Rajeev Dehejia #7844 (LS)
  
• Industry-University Cooperative Research Centers
  James D. Adams, Eric P. Chiang, and Katara Starkey #7843 (PR)
  
• Regulating Executive Pay: Using the Tax Code to Influence CEO Compensation
  Nancy L. Rose and Catherine Wolfram #7842 (IO, PE)
  
• Body Weight and Women's Labor Market Outcomes
  John Cawley #7841 (HE, LS)
  
• Balance Sheets and Exchange Rate Policy
  Luis Felipe Céspeds, Roberto Chang, and Andrés Velasco #7840 (IFM)
  
• 'Risky Habits' and the Marginal Propensity to Consume Out of Permanent Income, or, How Much Would a Permanent Tax Cut Boost Japanese Consumption?
  Christopher D. Carroll #7839 (ME, PE)
  
• The Behavioral Dynamics of Youth Smoking
  Donna B. Gilleskie and Koleman S. Strumpf #7838 (HC)
  
• Perspectives on the Budget Surplus
  Alan J. Auerbach and William G. Gale #7837 (PE)
  
• Bias from Classical and Other Forms of Measurement Error
  Dean R. Hyslop and Guido W. Imbens #T0257 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Service Sector Productivity Comparisons: Lessons for Measurement"
  Martin Neil Baily and Eric Zitzewitz
  "The Impact of Information Technology on Emergency Health Care Outcomes"
  Susan Athey and Scott Stern
  "Why is Productivity Procyclical? Why Do We Care?"
  Susanto Basu and John Fernald

• Explaining the Border Effect: The Role of Exchange Rate Variability, Shipping Costs, and Geography
  David C. Parsley and Shang-Jin Wei #7836 (ITI)
  
• Rebels, Conformists, Contrarians and Momentum Traders
  Evan Gatev and Stephen A. Ross #7835 (AP)
  
• Is Mobility of Technical Personnel a Source of R&D Spillovers?
  Jarle Moen #7834 (LS)
  
• Does the "New Economy" Measure up to the Great Inventions of the Past?
  Robert J. Gordon #7833 (EFG, PR)
  
• Enrollee Mix, Treatment Intensity, and Cost in Competing Indemnity and HMO Plans
  Daniel Altman, David M. Cutler, and Richard J. Zeckhauser #7832 (HC)
  
• Selection on Observed and Unobserved Variables: Assessing the Effectiveness of Catholic Schools
  Joseph G. Altonji, Todd E. Elder, and Christopher R. Taber #7831 (CH, PE)
  
• Social Security and Retirement
  Courtney Coile and Jonathan Gruber #7830 (A, LS, PE)
  
• Medicaid
  Jonathan Gruber #7829 (CH, HC, PE)
  
• The Razor's Edge: Distortions and Incremental Reform in the People's Republic of China
  Alwyn Young #7828 (EFG)
  
• Capital Gains Holding Periods and Equity Trading: Evidence from the 1998 Tax Act
  Jennifer L. Blouin, Jana Smith Raedy, and Douglas A. Shackelford #7827 (PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Does Managed Care Change the Mission of Nonprofit Hospitals? Evidence from the Managerial Labor Market"
  Richard Arnould, Marianne Bertrand, and Kevin F. Hallock
  "Obstacles to Optimal Policy: The Interplay of Politics and Economics in Shaping Bank Supervision and Regulation Reforms"
  Randall Kroszner and Philip Strahan
  "Hospitals, Managed Care and the Charity Caseload in California"
  Janet Currie and John Fahr
  "Numbers, Quality and Entry: How Has the Bayh-Dole Act Affected US University Patenting and Licensing?"
  David C. Mowery and Arvids A. Ziedonis
  "Noncontractible Quality and Organization Form in the U.S. Hospital Industry"
  Kevin A. Hassett and R. Glenn Hubbard
  "Efficiency and Monopoly as Explanations for Hospital Mergers"
  Jason R. Barro
  "Endowment Assets, Tax-Exempt Debt and the Capital Structure of Not-for-Profit Hospitals"
  William M. Gentry

• Portfolios of the Rich
  Christopher D. Carroll #7826 (ME)
  
• The Antebellum Tariff on Cotton Textiles Revisited
  Douglas A. Irwin and Peter Temin #7825 (DAE, ITI)
  
• On the Benefits of Dollarization when Stabilization Policy is not Credible and Financial Markets are Imperfect
  Enrique G. Mendoza #7824 (IFM)
  
• Fiscal Policies in Open Cities with Firms and Households
  Andrew Haughwout and Robert P. Inman #7823 (PE)
  
• Strategic Trade, Competitive Industries and Agricultural Trade Disputes
  Kyle Bagwell and Robert W. Staiger #7822 (ITI)
  
• On the Marginal Source of Investment Funds
  Alan J. Auerbach and Kevin A. Hassett #7821 (CF, PE)
  
• Identifying the Role of Cognitive Ability in Explaining the Level of and Change in the Return to Schooling
  James Heckman and Edward Vytlacil #7820 (LS, PE)
  
• Estimating Production Functions Using Inputs to Control for Unobservables
  James Levinsohn and Amil Petrin #7819 (PR, ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Trade in Capital Goods"
  Jonathan Eaton and Samuel Kortum
  "Different Approaches to International Comparison of Total Factor Productivity"
  Nazrul Islam
  "The BLS Productivity Measurement Program"
  Edwin R. Dean and Michael J. Harper
  "Aggregate Productivity Growth: Lessons from Microeconomic Evidence"
  Lucia Foster, John Haltiwanger, and C.J. Krizan
  "Hedging and Financial Fragility in Fixed Exchange Rate Regimes"
  Craig Burnside, Martin Eichenbaum, and Sergio Rebelo
  (revised since last week's New This Week)
  "Sources of Productivity Growth in the American Coal Industry: 1972-95"
  Denny Ellerman, Thomas M. Stoker, and Ernst R. Berndt
  "Managed Care, Technology Adoption, and Health Care: The Adoption of Neonatal Intensive Care"
  Laurence Baker and Ciaran S. Phibbs

• Comments on Obstfeld and Rogoff's "The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?"
  Charles Engel #7818 (IFM)
  
• Technology, Unemployment, and Inflation
  Jacob Mincer and Stephan Danninger #7817 (LS)
  
• The Medical Treatment of Depression, 1991-1996: Productive Inefficiency, Expected Outcome Variations, and Price Indexes
  Ernst R. Berndt, Anupa Bir, Susan H. Busch, Richard G. Frank, and Sharon-Lise T. Normand #7816 (HC, PR)
  
• The Tenuous Tradeoff Between Risk and Incentives
  Canice Prendergast #7815 (LS)
  
• Elderly Asset Management and Health: An Empirical Analysis
  Jonathan S. Feinstein and Chih-Chin Ho #7814 (HC)
  
• Interest Rate Volatility and Contagion in Emerging Markets: Evidence from the 1990s
  Sebastian Edwards and Raul Susmel #7813 (IFM)
  
• Mortality Risk, Inflation Risk, and Annuity Products
  Jeffrey R. Brown, Olivia S. Mitchell, and James M. Poterba #7812 (A, PE)
  
• The Distributional Burden of Taxing Estates and Unrealized Capital Gains at the Time of Death
  James M. Poterba and Scott Weisbenner #7811 (A, PE)
  
• Interpreting Developed Countries' Foreign Direct Investment
  Robert E. Lipsey #7810 (ITI)
  
• The Expectations Trap Hypothesis
  Lawrence J. Christiano and Christopher J. Gust #7809 (EFG)
  
• Firm Value, Risk, and Growth Opportunities
  Hyun-Han Shin and René M. Stulz #7808 (AP, CF)
  
• The Asian Flu and Russian Virus: Firm-level Evidence on How Crises are Transmitted Internationally
  Kristin Forbes #7807 (IFM)
  
• Child Care Subsidy Programs
  David M. Blau #7806 (PE, CH)
  
• Evolving Standards for Academic Publishing: A q-r Theory
  Glenn Ellison #7805 (IO, PR)
  
• The Slowdown of the Economics Publishing Process
  Glenn Ellison #7804 (IO, PR)
  
• Does Diversification Destroy Value? Evidence From Industry Shocks
  Owen Lamont and Christopher Polk #7803 (AP, CF)
  
• Collective Choice and Voluntary Provision of Public Goods
  Dennis Epple and Richard Romano #7802 (CH, PE)
  
• Interest Rates, Contagion and Capital Controls
  Sebastian Edwards #7801 (IFM)
  
• Technical Change, Inequality, and The Labor Market
  Daron Acemoglu #7800 (LS, EFG)
  

• Market Responses to Interindustry Wage Differentials
  George J. Borjas and Valerie A. Ramey #7799 (EFG, LS)
  
• Winning Isn't Everything: Corruption in Sumo Wrestling
  Mark Duggan and Steven D. Levitt #7798 (LE)
  
• Looking for Contagion: Evidence from the ERM
  Carlo A. Favero and Francesco Giavazzi #7797 (IFM)
  
• On the Gains to International Trade in Risky Financial Assets
  Steven J. Davis, Jeremy Nalewaik, and Paul Willen #7796 (AP, EFG, IFM)
  
• Country Portfolios
  Aart Kraay, Norman Loayza, Luis Servén, and Jaume Ventura #7795 (IFM)
  
• When Unions "Mattered": Assessing the Impact of Strikes on Financial Markets: 1925-1937
  John DiNardo and Kevin F. Hallock #7794 (LS)
  
• Inequality and Growth: What Can the Data Say?
  Abhijit V. Banerjee and Esther Duflo #7793 (EFG)
  
• Dollarization of Liabilities: Underinsurance and Domestic Financial Underdevelopment
  Ricardo J. Caballero and Arvind Krishnamurthy #7792 (EFG, IFM, CF)
  
• Bequests as Signals: An Explanation for the Equal Division Puzzle
  B. Douglas Bernheim and Sergei Severinov #7791 (A, PE)
  
• Consumer City
  Ed Glaeser, Jed Kolko, and Albert Saiz #7790 (EFG, PE)
  
• Hospital Ownership and Public Medical Spending
  Mark G. Duggan #7789 (HC)
  
• Product Prices and the OECD Cycle
  Aart Kraay and Jaume Ventura #7788 (EFG)
  
• Simon S. Kuznets: April 30, 1901-July 9, 1985
  Robert W. Fogel #7787 (DAE, EFG)
  
• Building the IPO Order Book: Underpricing and Participation Limits With Costly Information
  Ann E. Sherman and Sheridan Titman #7786 (CF)
  
• The Dynamics of Car Sales: A Discrete Choice Approach
  Jérôme Adda and Russell Cooper #7785 (EFG)
  
• Land, Labor and Globalization in the Pre-Industrial Third World
  Jeffrey G. Williamson #7784 (DAE, ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Currency Crisis of Korea: Internal Weakness or External Interdependence?"
  Dongchul Cho and Kiseok Hong
  "Currency Crises and Monetary Policy in an Economy with Credit Constraints"
  Philippe Aghion, Philippe Bacchetta and Abhijit Banerjee
  "Hedging and Financial Fragility in Fixed Exchange Rate Regimes"
  Craig Burnside, Martin Eichenbaum and Sergio Rebelo
  "The Value of Publishing Official Central Bank Forecasts"
  Juha Tarkka and David Mayes
  "On the Gains to International Trade in Risky Financial Assets"
  Steven J. Davis, Jeremy Nalewaik and Paul Willen

• Why Stocks May Disappoint
  Andrew Ang, Geert Bekaert, and Jun Liu #7783 (AP)
  
• Macroeconomic Volatility in Latin America: A View and Three Case Studies
  Ricardo J. Caballero #7782 (EFG, IFM)
  
• Risky Behavior Among Youths: An Economic Analysis
  Jonathan Gruber #7781 (CH, HC)
  
• Youth Smoking in the U.S.: Evidence and Implications
  Jonathan Gruber and Jonathan Zinman #7780 (CH, HC, PE)
  
• Evaluating and Investing in Equity Mutual Funds
  Lubos Pastor and Robert F. Stambaugh #7779 (AP)
  
• The Equity Premium and Structural Breaks
  Lubos Pastor and Robert F. Stambaugh #7778 (AP)
  
• The Six Major Puzzles in International Macroeconomics: Is There a Common Cause?
  Maurice Obstfeld and Kenneth Rogoff #7777 (EFG, IFM, ITI, ME)
  

• Tariff-Jumping Antidumping Duties
  Bruce A. Blonigen #7776 (ITI)
  
• A Framework for Assessing Estate and Gift Taxation
  Louis Kaplow #7775 (PE)
  
• Tax and Subsidy Combinations for the Control of Car Pollution
  Don Fullerton and Sarah E. West #7774 (PE)
  
• The Cost of Job Security Regulation: Evidence from Latin American Labor Markets
  James J. Heckman and Carmen Pagés #7773 (LS)
  
• Consumption Externalities and Diffusion in Pharmaceutical Markets: Anti-Ulcer Drugs
  Ernst R. Berndt, Robert S. Pindyck, and Pierre Azoulay #7772 (HC, PR)
  
• The Colonial Origins of Comparative Development: An Empirical Investigation
  Daron Acemoglu, Simon Johnson, James A. Robinson #7771 (DAE, EFG, LS)
  
• Pensions and Contemporary Socioeconomic Change
  Assar Lindbeck #7770 (A, PE)
  
• Estimating the Return of Schooling: Progress on Some Persistent Econometric Problems
  David Card #7769 (CH, LS)
  
• On the Instability of Variance Decomposition of the Real Exchange Rate Across Exchange-Rate-Regimes: Evidence from Mexico and the United States
  Enrique G. Mendoza #7768 (IFM)
  
• Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate
  Martin Feldstein and Andrew Samwick #7767 (PE)
  
• Quality of Bureaucracy and Open-Economy Macro Policies
  Chong-En Bai and Shang-Jin Wei #7766 (IFM)
  
• Natural Openness and Good Government
  Shang-Jin Wei #7765 (IFM, ITI)
  
• Banks, Short Term Debt and Financial Crises: Theory, Policy Implications and Applications
  Douglas W. Diamond and Raghuram G. Rajan #7764 (CF, IFM)
  
• Emerging Equity Markets and Economic Development
  Geert Bekaert, Campbell R. Harvey, and Christian Lundblad #7763 (AP, IFM)
  
• Generational Conflict, Human Capital Accumulation, and Economic Growth
  Douglas Holtz-Eakin, Mary E. Lovely, and Mehmet S. Tosun #7762 (PE)
  
• Borrowing Constraints and the Returns to Schooling
  Stephen Cameron and Christopher Taber #7761 (CH, PE)
  
• The Economic Impacts of the Tobacco Settlement
  David M. Cutler, Jonathan Gruber, Raymond S. Hartman, Mary Beth Landrum, Joseph P. Newhouse, and Meredith B. Rosenthal #7760 (HC, HE)
  
• The Boskin Commission Report and its Aftermath
  Robert J. Gordon #7759 (PR, EFG)
  
• Alcohol Consumption and Alcohol Advertising Bans
  Henry Saffer #7758 (HE)
  
• The US Economic Model at Y2K: Lodestar for Advanced Capitalism?
  Richard B. Freeman #7757 (LS)
  
• Hope for Whom? Financial Aid for the Middle Class and Its Impact on College Attendance
  Susan Dynarski #7756 (CH, PE)
  
• The Political Economy of Race, 1940-1964: The Adoption of State-Level Fair Employment Legislation
  William J. Collins #H0128 (DAE)
  
• "Rain Follows the Plow" and Dryfarming Doctrine: The Climate Information Problem and Homestead Failure in the Upper Great Plains, 1890-1925
  Gary D. Libecap and Zeynep Kocabiyik Hansen #H0127 (DAE)
  
• Encompassing Tests When No Model Is Encompassing
  Kenneth D. West #T0256 (TWP)
  

Papers by JEL Class

Papers Cited in the Press

Select Non-Technical Summaries