Acquisitions - January-December 2000
UNIVERSITY OF ADELAIDE. Department of Economics.
99-2 Cameron, Lisa & Williams, Jenny. Substitutes or
complements?: alcohol, cannabis and tobacco. 28p.
99-4 Damania, Richard. Regulation and monitoring with corrupt
bureaucrats. 29p.
99-6 Dao, Thuy. Capital flows and economic growth in a small
open economy. 28p.
99-7 Hughes, Anthony W. Hypothesis testing in the presence of
one-sided nuisance parameters. 26p.
99-5 Williams, Jenny. Getting tough on crime: will it win the
war?. 15p.
UNIVERSIDAD DE ALICANTE. Dept. de Fundamentos de Analisis Econ.
9919 Browning, Martin & Collado, Dolores. The response of
expenditures to anticipated income changes: panel data
estimates. 25p.
9917 Garella, Paolo G. & Peitz, Martin. Exclusive dealing
clauses facilitate entry. 38p.
9920 Herrero, Carmen & Guerrero, Ana M. Time preference and
individual health profiles. 20p.
9918 Puy, M. Socorro. Lobby groups and the financial support of
election campaigns. 35p.
ATHENS UNIVERSITY OF ECONOMICS & BUSINESS. Dept. of Economics.
114 Bitros, George C. & Panas, Epaminondas J. Another look at
the inflation-productivity trade off. 19p.
113 Petrakis, Emmanuel & Vlassis, Minas. The political economy
of the National Minimum Wage Institution. 32p.
115 Drandakis, Emmanuel. Caratheodory's theorem on constrained
optimization and comparative statics. 30p.
116 Gatsios, Konstantine. Capital mobility, the real exchange
rate, and the rate of return to capital in the presence of
non-traded goods. 17p.
117 Gatsios, Konstantine. Terms of trade shocks and domestic
prices under tariffs and quotas: a note. 8p.
UNIVERSITY OF AUCKLAND. Department of Economics.
195 Bandyopadhyay, Debasis. Can the distribution of highest
educational attainment be characterized by a discrete
probabillity distribution?. 19p.
197 Bandyopadhyay, Debasis & Yu, Jin. Do topics diffuse from
core to periphery journals?. 11p.
203 Bandyopadhyay, Debasis & Basu, Parantap. The
growth-inequality relationship in a model with discrete
occupational choice and redistributive tax. 35p.
196 Bandyopadhyay, Debasis, Lahiri, P. & Yu, Feng. On a new
measure of human capital and its impact on gross domestic
product. 22p.
205 Julien, Benoit, Kennes, John & King, Ian P. Matching
foundations. 29p.
204 Kennedy, Peter W. & King, Ian P. Economic progress and
skill obsolescence. 51p.
BANCO DE ESPANA. Servicio de Estudios.
9920 Andres, J., Hernando, I. & Lopez-Salido, J.D. The role of
the financial system in the growth-inflation link: the OECD
experience. 37p.
9922 Artola, Concha & Bell, Una-Louise. Identifying labour
market dynamics using labour force survey data. 47p.
9923 Ayuso, Juan & Blanco, Roberto. Has financial market
integration increased during the nineties?. 39p.
9921 Estrada, Angel & Hernando, Ignacio. Microeconomic price
adjustments and inflation: evidence from Spanish sectoral
data. 34p.
9924 Fuentes, Ignacio & Sastre, Teresa. Mergers and acquisitions
in the Spanish banking industry: some empirical evidence.
53p.
2000-1 Siotis, Georges. Market power, total factor productivity
growth, and structural change: an illustration for Spain
1983-1996. 46p.
2000-4 Andres, J., Ballabriga, F. & Valles, J. Monetary policy and
exchange rate behavior in the fiscal theory of the price
level. 45p.
2000-2 Cabrero, Alberto. Seasonal adjustment in economic time
series: the experience of the Banco de Espana (with the
model-based method). 53p.
2000-6 Alberola, Enrique & Molina, Luis. Fiscal discipline and
exchange rate regimes: a case for currency boards?. 38p.
2000-5 Binder, Michael, Hsiao, Cheng & Pesaran, M. Hashem.
Estimation and inference in short panel vector
autoregressions with unit roots and cointegration. 37p.
2000-8 Bover, Olympia & Watson, Nadine. Are there economies of
scale in the demand for money by firms?: some panel data
estimates. 42p.
2000-3 Gordo, Luis & Hernandez de Cos, Pablo. The financing
arrangements for the regional (Autonomous) governments for
the period 1997-2001. 41p.
2000-9 Estrade, Angel, Hernando, Ignacio & Lopez-Salido, J. David.
Measuring the NAIRU in the Spanish economy. 64p.
200016 Ayuso, Juan & Repullo, Rafael. A model of the open market
operations of the European Central Bank. 41p.
200015 Bover, Olympia, Bentolilia, Samuel & Arellano, Manuel. The
distribution of earnings in Spain during the 1980s: the
effects of skill, unemployment, and union power. 70p.
200012 Kaiser, Regina & Maravall, Agustin. Notes on time series
analysis, ARIMA models and signal extraction. 79p.
200014 Maravall, Agustin & Sanchez, Fernando J. An application of
TRAMO-SEATS: model selection and out-of-sample performance:
the Swiss CPI series. 37p.
BANK OF JAPAN. Institute for Monetary & Economic Studies.
2000-2 Baba, Naohiko. A note on hedging incentives for managers:
an application of the principal agent framework to risk
management. 30p.
2000-1 Baba, Naohiko & Fukao, Kyoji. Currency risk exposure of
Japanese firms with overseas production bases: theory and
evidence. 36p.
2000-4 Baba, Naohiko. A reexamination of ex ante pricing of
currency risk in the Japanese stock market: a pricing kernel
approach. 49p.
2000-5 Baba, Naohiko. Testing the ex ante relationship between
asset and investment returns in Japan: an application of the
P-CAPM to the. 48p.
2000-6 Forum on the development of electronic payment
technologies and its implications for monetary policy -
interim repo. 56p.
2000-3 Oda, Nobuyuki & Shimizu, Tokiko. Prospects for prudential
policy: toward achieving an efficient and stable banking
system. 29p.
2000-8 Danielsson, Jon & Morimoto, Yuji. Forecasting extreme
financial risk: a critical analysis of practical methods for
the Japanese market. 27p.
2000-7 Hoshi, Takao. What happened to Japanese banks?. 50p.
200011 Fujiki, Hiroshi, Okina, Kunio & Shiratsuka, Shigenori.
Monetary policy under zero interest rate: viewpoints of
central bank economists. 46p.
200010 Ieda, Akira, Marumo, Kohei & Yoshiba, Toshinao. A
simplified method for calculating the credit risk of lending
portfolios. 36p.
200013 Mori, Naruki, Shiratsuka, Shigenori & Taguchi, Hiroo.
Policy responses to the post-bubble adjustments in Japan: a
tentative review. 70p.
200012 Okina, Kunio, Shirakawa, Masaki & Shiratsuka, Shigenori.
The asset price bubble and monetary policy: Japan's
experience in the late 1980s and the lessons. 69p.
2000-9 Packer, Frank. Credit ratings and the Japanese corporate
bond market. 32p.
200018 Baba, Naohiko. Exploiting the role of money in asset
pricing in Japan: does monetary consideration significantly
improve the empir. 45p.
200017 Dow, James. What is systemic risk?: moral hazard, initial
shocks and propagation. 48p.
200016 Fujiki, Hiroshi. Budget deficits and inflation: a
theoretical and empirical survey. 49p.
200014 Hisata, Yoshifumi & Yamai, Yasuhiro. Research toward the
practical application of liquidity risk evaluation methods.
48p.
200015 Kato, Toshiyasu & Yoshiba, Toshinao. Model risk and its
control. 32p.
200020 Baba, Naohiko. Uncertainty, monitoring costs, and private
banks' lending decisions in a duopolistic loan market: a
game-theoretic . 35p.
200019 McKinnon, Ronald & Ohno, Kenichi. The foreign exchange
origins of Japan's economic slump and low interest liquidity
trap. 48p.
200021 Miyajima, Shigeki & Weber, Warren E. A comparison of
national banks in Japan and the United States between 1872
and 1885. 34p.
200023 Svensson, Lars E.O. The zero bound in an open economy: a
foolproof way of escaping from a liquidity trap. 44p.
200022 Tachibanaki, Toshiaki, Fujuki, Hiroshi & Nakada, Sachiko K.
Structural issues in the Japanese labor market: an era of
variety, equity and efficiency or an era of bipolarizatio.
80p.
200030 Cargill, Thomas F. Monetary policy, deflation, and economic
history: lessons for the Bank of Japan. 42p.
200029 Diamond, Douglas W. Should Japanese banks be
recapitalized?. 30p.
200027 Goodfriend, Marvin. Financial stability, deflation, and
monetary policy. 31p.
200025 Meltzer, Allan H. Monetary transmission at low inflation:
some clues from Japan in the 1990s. 36p.
200024 Oda, Nobuyuki & Okina, Kunio. Further monetary easing
policies under the non-negativity constraints of nominal
interest rates. 52p.
200028 Saito, Makoto & Shiratsuka, Shigenori. Financial crises as
the failure of arbitrage: implications for monetary policy.
39p.
200026 Taylor, John B. Low inflation, deflation, and policies for
future price stability. 26p.
200033 Mio, Hitoshi. The Phillips curve and underlying inflation.
25p.
200031 Shimuzu, Tokiko & Shiratsuka, Shigenori. The credit risk of
Japanese banks during the bubble period: a pilot study of
macro stress simulation. 14p.
200032 Shiratsuka, Shigenori. Is there a desirable rate of
inflation? A theoretical and empirical survey. 47p.
BEN GURION UNIVERSITY. Monaster Center for Economic Research.
9913 Arnon, A. & Weinblatt, J. Sovereignity and economic
development: the case of Israel and Palestine. 28p.
2000-2 Cohen-Zada, Danny & Justman, Moshe. Demand for public and
private education: theory and evidence. 42p.
2000-1 Einy, Ezra, Orzach, Ram & Sela, Aner. Dominance solvability
of second-price auctions with differential information.
28p.
9916 Gradstein, Mark & Justman, Moshe. Education, social
cohesion, and economic growth. 29p.
9914 Sonsino, Doron, Benzion, Uri & Mador, Galit. The complexity
effects on choice with uncertainty: experimental evidence.
43p.
2000-3 Einy, Ezra, Orzach, Ram & Sela, Aner. Information advantage
in second-price auctions. 14p.
2000-4 Justman, Moshe. Lerner's index meets the Coase conjecture.
14p.
2000-5 Kaplan, Todd, et al. All-pay auctions with variable
rewards. 19p.
BOSTON UNIVERSITY. Dept. of Economics-Industry Studies Program.
99 Ash, Arlene, et al. Using diagnoses to describe populations
and predict costs. 56p.
102 Biglaiser, Gary & Ma, Ching-to Albert. Price and quality
competition under adverse selection: organization and
efficiency. 29p.
101 Lu, Mingshan, Ma, Ching-to Albert & Yuan, Lasheng. Risk
selection and matching in performance-based contracting.
33p.
98 Rodriguez-Planas, Nuria. Can asymmetric information solve
puzzles from the reemployment bonus experiments?. 31p.
100 Rysman, Marc. Competition policy as strategic trade. 27p.
97 Shen, Yujing & Ellis, Randall P. Cost-minimizing risk
adjustment. 28p.
UNIVERSITY OF CALIFORNIA-BERKELEY. Department of Economics.
270 Hermalin, Benjamin E. & Isen, Alice M. The effect of affect
on economic and strategic decision making. 26p.
271 Shannon, Chris & Zame, William R. Quadratic concavity and
determinacy of equilibrium. 53p.
273 Echenique, Federico. Comparative statics by adaptive
dynamics and the correspondence principle. 35p.
272 Hermalin, Benjamin E. & Katz, Michael L. Corporate
diversification and agency. 36p.
275 David, Paul A. & Hall, Bronwyn H. Heart of darkness:
modeling public-private funding interactions inside the R &
D black box. 27p.
277 Hall, Bronwyn H., Jaffe, Adam & Trajtenberg, Manuel. Market
value and patent citations: a first look. 46p.
276 Hall, Bronwyn H., Link, Albert N. & Scott, John T.
Universities as research partners. 46p.
274 Revelt, David & Train, Kenneth. Customer-specific taste
parameters and mixed logit: households' choice of
electricity supplier. 32p.
278 Train, Kenneth. Halton sequences for mixed logit. 18p.
283 Charness, Gary & Rabin, Matthew. Social preferences: some
simple tests and a new model. 68p.
286 Farrell, Joseph & Katz, Michael L. Innovation, rent
extraction, and integration in systems markets. 38p.
289 Huber, Joel & Train, Kenneth. On the similarity of
classical and Bayesian estimates of individual mean
partworths. 16p.
284 Loewenstein, George, O'Donoghue, Ted & Rabin, Matthew.
Projection bias in predicting future utility. 51p.
281 O'Donoghue, Ted & Rabin, Matthew. Choice and
procrastination. 17p.
285 O'Donoghue, Ted & Rabin, Matthew. Risky behavior among
youths: some issues from behavioral economics. 42p.
280 Rabin, Matthew. Bargaining structure, fairness and
efficiency. 18p.
287 Rabin, Matthew. Diminishing marginal utility of wealth
cannot explain risk aversion. 10p.
282 Rabin, Matthew. Inference by believers in the law of small
numbers. 52p.
279 Rabin, Matthew. Risk aversion and expected-utility theory:
a calibration theorem. 13p.
288 Schankerman, Mark & Scotchmer, Suzanne. Damages and
injunctions in protecting proprietary research tools. 36p.
290 Hall, Bronwyn H., Link, Albert N. & Scott, John T. Barriers
inhibiting industry from partnering with universities:
evidence from the Advanced Technology Program. 25p.
UNIV. OF CALIFORNIA-BERKELEY. Ctr. for Int'l. & Devel. Econ. Res.
109 Bardhan, Pranab & Mookherjee, Dilip. Relative capture of
local and central governments: an essay in the political
economy of decentralization. 44p.
114 Eichengreen, Barry & Mody, Ashoka. Would collective action
clauses raise borrowing costs?: an update and additional
results. 17p.
113 Geraats, Patra M. Why adopt transparency?: the publication
of central bank forecasts. 33p.
110 Martin, Philippe & Roy, Helene. Financial super-markets:
size matters for asset trade. 28p.
112 Obstfeld, Maurice & Rogoff, Kenneth. The six major puzzles
in international economics: is there a common cause?. 65p.
111 Portes, Richard & Roy, Helene. The determinants of
cross-border equity flows: the geography of information.
47p.
115 Eichengreen, Barry & Arteta, Carlos. Banking crises in
emerging markets: presumptions and evidence. 60p.
UNIVERSITY OF CALIFORNIA-SAN DIEGO. Department of Economics.
9921 Avesani, Renzo G. & Gallo, Giampiero M. Interest rate
volatility regimes and exchange rate behavior in a target
zone. 19p.
9926 Carson, Richard T. Contingent valuation: a user's guide.
19p.
9925 Dardanoni, Valentino. A pedagogical proof of Arrow's
Impossibility Theorem. 5p.
9922 Elliott, Graham. Estimating restricted cointegrating
vectors. 27p.
9920 Engle, Robert F. & Manganelli, Simone. CAViaR: conditional
autoregressive value at risk by regression quantiles. 51p.
9918 Gallo, Giampiero M., Granger, Clive W.J. & Jeon, Yongil.
The impact of the use of forecasting in information sets.
23p.
9924 Gottschling, Andreas, Haefke, Christian & White, Halbert.
Closed form integration of artificial neural networks with
some applications to finance. 34p.
9916 Kirkley, James & Squires, Dale. Capacity and capacity
utilization in fishing industries. 38p.
9919 Pesaran, M. Hashem & Timmermann, Allan. Model instability
and choice of observation window. 60p.
9923 Starr, Ross M. Why is there money?: convergence to a
monetary equilibrium in a general equilibrium model with
transaction costs. 21p.
9917 Yi, Kang-Oh. A quantal response equilibrium model of order
statistic games. 40p.
2000-8 Barth, Marvin J. & Ramey, Valerie A. The cost channel of
monetary transmission. 48p.
2000-1 Bertail, Patrice, et al. A subsampling approach to
estimating the distribution of diverging statistics with
applications to assessing financ. 38p.
200018 Borjas, George J. & Ramey, Valerie A. Market responses to
interindustry wage differentials. 41p.
200016 Bull, Jesse & Watson, Joel. Evidence disclosure and
verifiability. 24p.
2000-2 Costa-Gomes, Miguel, Crawford, Vincent & Broseta, Bruno.
Cognition and behavior in normal-form games: an experimental
study. 65p.
200010 Crawford, Vincent P. & Kuo, Ping-Sing. A dual Dutch auction
in Taipei: the choice of numeraire and auction form in
multi-object auctions with bundling. 21p.
2000-3 Crawford, Vincent P. John Nash and the analysis of
strategic behavior. 6p.
200011 Den Haan, Wouter J. & Levin, Andrew T. Robust covariance
matrix estimation with data-dependent VAR prewhitening
order. 36p.
2000-7 Dittman, Ingolf & Granger, Clive W.J. Properties of
nonlinear transformations of fractionally integrated
processes. 22p.
2000-6 Elliott, Graham & Jansson, Michael. Testing for unit roots
with stationary covariates. 33p.
2000-9 Engle, Robert F. Dynamic conditional correlation: a simple
class of multivariate GARCH models. 27p.
200012 Haldrup, Niels & Lildholdt, Peter. Local power functions of
tests for double unit roots. 32p.
200015 Haldrup, Niels, Montanes, Antonio & Sanso, Andreu.
Measurement errors and outliers in seasonal unit root
testing. 43p.
200013 Haldrup, Niels & Lildholdt, Peter. On the robustness of
unit root tests in the presence of double unit roots. 20p.
200017 Hansen, Peter R. The Johansen-Granger representation
theorem: an explicit expression for I(1) processes. 17p.
200014 Jansson, Michael & Haldrup, Niels. Spurious regression,
cointegration, and near cointegration: a unifying approach.
40p.
2000-5 Schwartz, Alan & Watson, Joel. Economic and legal aspects
of costly recontracting. 36p.
2000-4 Stomberg, Christopher & White, Halbert. Bootstrapping the
information matrix test. 94p.
UNIVERSITY OF CALIFORNIA-SANTA BARBARA. Department of Economics.
7/2000 Foros, Oystein, Kind, Hans J. & Sorgard, Lars. Access
pricing, quality degradation, and foreclosure in the
internet. 30p.
5/2000 Hoel, Michael & Shapiro, Perry. Transboundary environmental
problems with a mobile population: is there a need for
central policy?. 20p.
4/2000 Khindanova, Irina N., Rachev, Svetlozar T. & Schwartz,
Eduardo. Stable modeling of value at risk. 51p.
3/2000 Khindanova, Irina N. & Rachev, Svetlozar T. Value at risk:
recent advances. 51p.
2/2000 Mathiesen, Lars & Hakonsen, Lars. Comparing the cost of
emission reductions in first and second-best economies.
14p.
6/2000 Nilssen, Tore & Sorgard, Lars. TV advertising, program
quality, and product-market oligopoly. 44p.
1/2000 Rachev, Svetlozar & Tokat, Yesim. Asset and liability
management: recent advances. 49p.
UNIVERSITY OF CAMBRIDGE. Department of Applied Economics.
9921 Chadha, Jagjit S. & Nolan, Charles. Inflation targeting,
transparency and interest rate volatility: ditching
`monetary mystique' in the U.K. 26p.
9920 Chadha, Jagjit S. & Schellekens, Philip. Monetary policy
loss functions: two cheers for the quadratic. 26p.
9919 Pesaran, M. Hashem. On aggregation of linear dynamic
models. 34p.
9918 Pesaran, M. Hashem & Weeks, Melvyn. Non-nested hypothesis
testing: an overview. 37p.
9917 Shimazaki, Masao & Solomou, Solomos. Effective exchange
rates in Japan 1879-1938. 25p.
2000-1 Pollitt, Michael G. The declining role of the state in
infrastructure investments in the U.K. 47p.
2000-3 Binder, Michael, Hsiao, Cheng & Pesaran, M. Hashem.
Estimation and inference in short panel vector
autoregressions with unit roots and cointegration. 61p.
2000-5 Coe, Patrick, Pesaran, M. Hashem & Vahey, Shaun P. The cost
efficiency of U.K. debt management: a recursive modelling
approach. 42p.
2000-4 Garratt, Anthony, et al. Forecast uncertainties to
macroeconometric modelling: an application to the U.K.
economy. 52p.
2000-2 Green, Richard & McDaniel, Tanga. Modelling RETA: a model
of forward trading and the balancing mechanism. 10p.
2000-2 Green, Richard. Rebidding in the balancing mechanism: an
economic analysis. 13p.
2000-6 Redmond, Gerry & Kattuman, Paul. Employment polarisation
and inequality in the U.K. and Hungary. 19p.
BANK OF CANADA. Technical Reports.
87 Freedman, Charles. The regulation of central securities
depositories and the linkages between CSDs and large-value
payment syustems. 16p.
88 Murray, John, Zelmer, Mark & Antia, Zahir. International
financial crises and flexible exchange rates: some policy
lessons from Canada. 36p.
UNIVERSITY OF CANTERBURY. Department of Economics.
9910 Haug, Alfred A. A currency of monetary union for New
Zealand?: an empirical study. 15p.
2000-2 Irmen, Andreas & Wigger, Berthold U. Trade union objectives
and economic growth. 20p.
2000-1 Siklos, Pierre L. & Bohl, Martin T. Do words speak louder
than actions?: monetary policy at the Bundesbank. 57p.
2000-3 Guender, Alfred V. & Tam, Julie. On the performance of
nominal income targeting as a strategy for monetary policy
in a small open economy. 37p.
2000-4 Dalziel, Paul. A finance theory of monetary policy in a
world without money. 20p.
UNIVERSIDAD CARLOS III de MADRID. Dept. de Economia.
9980 Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.
Youth labor markets in Spain: education, training and
crowding-out. 16p.
9982 Jimenez-Martin, Sergi, Labeaga, Jose M. & Martinez-Granado,
Maite. Health status and retirement decisions for older
European couples. 41p.
2000-6 Alba-Ramirez, Alfonso & Tugores, Maria. Training and
transitions out of employment in Spain. 40p.
9986 Barbera, Salvador & Perea, Andres. Supporting others and
the evolution of influence. 33p.
200015 Alba, Alfonso, Alvarez, Gema & Carrasco, Raquel. The effect
of female participation on fertility in Spain: how does it
change as the birth comes closer?. 18p.
200022 Nicolo, Antonio & Perea, Andres. A non-welfarist solution
for two-person bargaining situations. 23p.
200020 Perez-Nievas, Mikel. Interim efficient allocation
mechanisms. 45p.
200021 Perez-Nievas, Mikel. Interim efficient mechanisms for
public decision making in a discrete framework. 35p.
200029 Mora, Ricardo & Siotis, George. External factors in
emerging market recoveries: an empirical investigation.
46p.
200031 Alcalde, Jose & Romero-Medina, Antonio. Coalition formation
and stability. 21p.
200024 Herguera, Inigo, Kujal, Praveen & Petrakis, Emmanuel. Trade
policies, time consistency, quality reversals and exit in
vertically differentiated industries. 46p.
200036 Moguerza, Javier M. & Prieto, Francisco J. An augmented
Lagrangian interior-point method using directions of
negative curvature. 17p.
9934 Moreno, Diego & Delgado, Juan. Coalition-proof supply
function equilibria in oligopoly. 24p.
200044 Roemer, John E, et al. To what extent do fiscal regimes
equalize opportunities for income acquisition among
citizens?. 51p.
200054 Ferreira, Jose Luis. Strategic interaction between futures
and spot markets. 20p.
200056 Ruiz-Castillo, Javier. The measurement of structural and
exchange income mobility. 35p.
200055 Zamora Talaya, Bernarda. Rationality in the joint
allocation of private and public goods. 28p.
200047 Escribano, Alvaro & Pascual, Roberto. Dynamic asymmetries
in bid-ask responses to innovations in the trading process.
43p.
200067 Jimenez-Martin, Sergi, Labeaga, Jose M. & Martinez-Granado,
Maite. An empirical analysis of the demand for health using
the European Community Household Panel. 31p.
200072 Roy, Jaideep. Learning with bounded memory. 38p.
CENTRE D'ETUDES PROS. D'ECON MATH APPLIQUEES A LA PLANIFICATION.
9919 Amable, Bruno & Petit, Pascal. Identifying the structure of
institutions to promote innovation and growth. 28p.
9912 Bourdieu, Jerome & Reynaud, Benedicte. Social aspects of
the decrease in working hours in 19th century France. 23p.
9914 Cahuc, Pierre & Zylberberg, Andre. Job protection, minimum
wage and unemployment. 25p.
9915 Cahuc, Pierre & Postel-Vinay, Fabien. On some undesirable
consequences of education and growth. 8p.
9916 Cahuc, Pierre & Lehmann, Etienne. Should unemployment
benefits decrease with unemployment spell?. 19p.
9917 Caroli, Eve & Van Reenen, John. Skill biased organizational
change?: evidence from a panel of British and French
establishments. 51p.
9911 Feve, F., Henin, P.Y. & Jolivaldt, P. Testing for
hysteresis: unemployment persistence and wage adjustment.
28p.
9921 Laffargue, Jean-Pierre. Les conditions de Blanchard et Kahn
dans un modele macro-econometrique a anticipations
parfaites. 21p.
9913 Laffargue, Jean-Pierre. Financement d'une baisse de
cotisations sociales employeurs sur le travail peu qualife:
une etude a l'aide du model. 39p.
9918 Piketty, Thomas. Attitudes toward income inequality in
France: do people really disagree?. 27p.
2000-2 Askenazy, Philippe. 35 heures: contrainte et laissez-faire.
5p.
2000-1 Boucekkine, Raouf, del Rio, Fernando & Licandro, Omar. The
importance of the embodied question revisited. 20p.
2000-3 Boucekkine, Raouf, del Rio, Fernando & Licandro, Omar.
Vintage capital and the dynamics of the AK model. 24p.
2000-5 Boyer, Robert & Yamada, Toshio. An epochal change but
uncertain futures: the Japanese capitalism in crisis. 40p.
9922 Collard, Fabrice & Juillard, Michel. Accuracy of stochastic
perturbation methods: the case of asset pricing models.
20p.
9920 Gourieroux, Christian & Jasiak, Joann. Nonlinear
persistence and copersistence. 31p.
2000-4 Ragot, Xavier. Croissance par division du travail. 29p.
COLUMBIA UNIVERSITY. Grad. School of Business-Paine Webber Series.
9905 Fan, Hua & Sundaresan, Suresh. Debt valuation,
renegotiations, and optimal dividend policy. 51p.
9907 Heal, Geoffrey. Biodiversity as a commodity. 26p.
9906 Huberman, Gur & Regev, Tomer. Speculating on a cure for
cancer: a non-event that made stock prices soar. 38p.
9909 Huberman, Gur & Halka, Dominika. Systematic liquidity.
40p.
9908 Jones, Charles M. & Lipson, Marc L. Price impacts and quote
adjustment on the NASDAQ and NYSE/AMEX. 34p.
9912 Amir, Eli, Lev, Baruch & Sougiannis, Theodore. What value
analysts?. 41p.
2000-2 Harris, Trevor S., Hubbard, R. Glenn & Kemsley, Deen. The
share price effects of dividend taxes and tax imputation
credits. 44p.
2000-1 Hodrick, Robert & Vassalou, Maria. Do we need multi-country
models to explain exchange rate and interest rate dynamics?.
25p.
9911 Liew, Jimmy & Vassalou, Maria. Can book-to-market, size and
momentum be risk factors that predict economic growth?.
30p.
2000-3 Sundaresan, Suresh M. Continuous-time methods in finance: a
review and an assessment. 101p.
9910 Vassalou, Maria. Exchange rate and foreign inflation risk
premiums in global equity returns. 55p.
UNIVERSITY OF COPENHAGEN. Centre for Industrial Economics.
2000-1 Hviid, Morten & Mollgaard, H. Peter. Countervailing power
and price transparency. 29p.
2000-3 Amir, Rabah. Market structure, scale economies and industry
performance. 30p.
2000-2 Bennedsen, Morten & Feldmann, Sven E. Informational
lobbying and political contributions. 32p.
2000-4 Bennedsen, Morten & Feldman, Sven E. Lobbying legislatures.
34p.
UNIVERSITY OF COPENHAGEN. Institute of Economics.
9924 Albaek, Karsten, et al. Dimensions of the wage-unemployment
relationship in the Nordic countries: wage flexibility
without wage curves. 50p.
9923 Ghiglino, Christian & Tvede, Mich. Optimal policy in
overlapping generations models. 25p.
9925 Gorgens, Tue. Semiparametric estimation of single-index
transition intensities. 42p.
9922 Juselius, Katarina & Toro, Juan. The effect of joining the
EMS: monetary transmission mechanisms in Spain. 42p.
9915 Mollgaard, H. Peter & Overgaard, Per B. Market
transparency: a mixed blessing?. 31p.
2000-1 Keiding, Hans & Tvede, Mich. Imperfect competition and the
firm: some equivalence results. 19p.
2000-6 Aloi, Marta, Jacobsen, Hans J. & Lloyd-Braga, Teresa.
Endogenous business cycles and stabilization policies. 30p.
2000-3 Hjertholm, Peter. Analytical history of heavily indebted
poor country (HIPC) debt sustainability targets. 45p.
2000-4 Hjertholm, Peter & White, Howard. Survey of foreign aid:
history, trends and allocation. 131p.
2000-5 Hjertholm, Peter, Laursen, Jytte & White, Howard.
Macroeconomic issues in foreign aid. 61p.
2000-7 Hougaard, Jens L. & Keiding, Hans. On the welfare economic
foundations of health status measures. 17p.
2000-8 Amir, Rabah. Market structure, scale economies and industry
performance. 30p.
2000-9 Amir, Rabah & Nannerup, Niels. Information structure and
the tragedy of the commons in resource extraction. 25p.
COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.
1245 Chang, Yoosoon, Park, Joon Y. & Phillips, Peter C.B.
Nonlinear econometric models with cointegrated and
deterministically trending regressors. 42p.
1247 Dubey, Pradeep, Geanakoplos, John & Shubik, Martin. Default
in a general equilibrium model with incomplete markets.
68p.
1246 Moon, Hyungsik R. & Phillips, Peter C.B. Maximum likelihood
estimation in panels with incidental trends. 30p.
1243 Phillips, Peter C.B. Discrete Fourier transforms of
fractional processes. 58p.
1244 Phillips, Peter C.B. Unit root log periodogram regression.
22p.
1248 Bergemann, Dirk & Valimaki, Jusso. Information acquisition
and efficient mechanism design. 49p.
1249 Sabourian, Hamid. Bargaining and markets: complexity and
the Walrasian outcome. 42p.
1250 Andrews, Donald W.K. & Buchinsky, Moshe. On the number of
bootstrap repetitions for BCa confidence intervals. 22p.
1252 Brown, Donald J. & Wegkamp, Marten H. Asymptotics in
minimum distance from independence estimation. 21p.
1251 Chang, Yoosoon. Bootstrap unit root tests in panels with
cross-sectional dependency. 40p.
1255 Dubey, Pradeep & Wu, Chien-Wei. Competitive prices: when
less scrutiny induces more effort. 41p.
1257 Dubey, Pradeep & Geanakoplos, John. Inside and outside
money, gains to trade, and IS-LM. 52p.
1254 Dubey, Pradeep & Haimanko, Ori. Optimal scrutiny in
multi-period promotion tournaments. 26p.
1256 Mandelbrot, Benoit B. Cartoons of the variation of
financial prices and of Brownian motions in multifractal
time. 47p.
1253 Shubik, Martin. The theory of money. 21p.
1263 Andrews, Donald W.K. & Guggenberger, Patrik. A bias-reduced
log-periodogram regression estimator for the long-memory
parameter. 36p.
1259 Diamond, Peter & Geanakoplos, John. Social security
investment in equities in an economy with short-term
production and land. 42p.
1261 Karatzas, Ioannis, Shubik, Martin & Sudderth, William D.
Information and the existence of stationary Markovian
equilibrium. 17p.
1262 Karatzas, Ioannis, Shubik, Martin & Sudderth, William D. A
stochastic overlapping generations economy with inheritance.
25p.
1260 Morris, Stephen & Shin, Hyun Song. Rethinking multiple
equilibria in macroeconomic modelling. 26p.
1268 Aura, Saku, Diamond, Peter & Geanakoplos, John. Savings and
portfolio choice in a two-period two-asset model. 9p.
1264 Phillips, Peter C.B. Trending time series and macroeconomic
activity: some present and future challenges. 7p.
1270 Scarf, Herbert E. Optimal inventory policies when sales are
discretionary. 10p.
1266 Shimotsu, Katsumi & Phillips, Peter C.B. Local Whittle
estimation in nonstationary and unit root cases. 37p.
1265 Shimotsu, Katsumi & Phillips, Peter C.B. Modified local
Whittle estimation of the memory parameter in the
nonstationary case. 54p.
1267 Shimotsu, Katsumi & Phillips, Peter C.B. Pooled log
periodogram regression. 46p.
1269 Andrews, Donald W.K. Equivalence of the higher-order
asymptotic efficiency of k-step and extremum statistics.
40p.
1276 Arozamena, Leandro & Cantillon, Estelle. Investment
incentives in procurement auctions. 40p.
1277 Bergemann, Dirk & Valimaki, Juuso. Entry and vertical
differentiation. 45p.
1272 Brainard, William C. & Scarf, Herbert E. How to compute
equilibrium prices in 1891. 20p.
1273 Corsetti, Giancarlo, et al. Does one Soros make a
difference?: a theory of currency crises with large and
small traders. 31p.
1274 Moon, Hyungsik Roger & Phillips, Peter C.B. GMM estimation
of autoregressive roots near unity with panel data. 54p.
1271 Morris, Stephen. Faulty communication. 27p.
1275 Morris, Stephen & Shin, Hyun Song. Global games: theory and
applications. 67p.
1278 Schiff, Aaron F. & Phillips, Peter C.B. Forecasting New
Zealand's real GNP. 32p.
1279 Cantillon, Estelle. The effect of bidder's asymmetries on
expected revenues in auctions. 37p.
(ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.
2278 Acemoglu, Daron & Robinson, James A. Democratization or
repression?. 12p.
2277 Acemoglu, Daron & Robinson, James A. A theory of political
transitions. 31p.
2284 Arora, Ashish & Fosfuri, Andrea. Licensing the market for
technology. 40p.
2281 Auriol, Emmanuelle, Friebel, Guido & Pechlivanos, Lambros.
Teamwork management in an era of diminishing commitment.
27p.
2279 Bottazzi, Laura & Peri, Giovanni. Innovation, demand and
knowledge spillovers: theory and evidence from European
regions. 33p.
2270 Branco, Fernando. Procurement favouritism and technology
adoption. 30p.
2299 Cadot, Olivier, de Melo, Jaime & Olarreaga, Marcelo.
Asymmetric regionalism in sub-Saharan Africa: where do we
stand?. 18p.
2291 Chui, Micheal, Levine, Paul & Pearlman, Joseph. Winners and
losers in a North-South model of growth, innovation and
product cycles. 30p.
2304 Cohen, Daniel, Kristensen, Nikolai & Verner, Dorte. Will
the Euro create a bonanza for Africa?. 23p.
2274 Currie, David, Levine, Paul & Rickman, Neil. Delegation and
the ratchet effect: should populations be pro-industry?.
34p.
2296 de Jong, Frank, et al. Price discovery on foreign exchange
markets with differentially informed traders. 38p.
2303 Favero, Carlo, Giavazzi, Francesco & Flabbi, Luca. The
transmission mechanism of monetary policy in Europe:
evidence from banks' balance sheets. 22p.
2272 Femminis, Gianluca. Monopolistic competition, dynamic
inefficiency and asset bubbles. 27p.
2271 Gerlach, Stefan & Schnabel, Gert. The Taylor rule and
interest rates in the EMU area. 8p.
2268 Grogan, Louise & van den Berg, Gerard J. The duration of
unemployment in Russia. 40p.
2280 Grossman, Gene M. & Helpman, Elhanan. Incomplete contracts
and industrial organization. 42p.
2288 Gual, Jordi. Deregulation, integration and market structure
in European banking. 32p.
2289 Guiso, Luigi & Schivardi, Fabiano. Information spillover
and factor adjustment. 40p.
2292 Haldane, Andrew & Quah, Danny. U.K. Phillips curves and
monetary policy. 28p.
2297 Hau, Harald. Information and geography: evidence from the
German stock market. 41p.
2273 Horstmann, Ignatius J & Scharf, Kimberley. The new
federalism: distributional conflict, voluntarism and
segregation. 31p.
2269 Inderst, Roman & Wambach, Achim. Competitive insurance
markets under adverse selection and capacity constraints.
20p.
2295 Kalemli-Ozcan, Sebnem, Sorensen, Bent E. & Yosha, Oved.
Risk-sharing and industrial specialization: regional and
international evidence. 47p.
2285 Kocenda, Evzen. Limited macroeconomic convergence in
transition countries. 21p.
2276 Lombardo, Davide & Pagano, Marco. Law and equity markets: a
simple model. 31p.
2275 Lombardo, Davide & Pagano, Marco. Legal determinants of the
return on equity. 54p.
2282 Martin, Philippe & Rey, Helene. Financial integration and
asset returns. 30p.
2283 Matouschek, Niko. Foreign direct investment and spillovers
through backward linkages. 29p.
2266 Petrongolo, Barbara. Re-employment probabilities and
returns to matching. 25p.
2298 Portes, Richard. Global financial markets and financial
stability: Europe's role. 39p.
2294 Quah, Danny. Cross-country growth comparison: theory to
empirics. 28p.
2293 Quah, Danny. Internet clusters emergence. 17p.
2287 Redding, Stephen. The dynamics of international
specialization. 45p.
2290 Saint-Paul, Gilles. On the distribution of income and
worker assignment under intra-firm spillovers with an
application to ideas & netw. 44p.
2300 Sonin, Constantin. Inequality, property rights protection,
and economic growth in transition economies: theory and
Russian evidence. 28p.
2286 Sorensen, Bent E., Wu, Lisa & Yosha, Oved. Output
fluctuations and fiscal policy: U.S. state and local
governments, 1978-1994. 43p.
2301 Symeonidis, George. In which industries is collusion more
likely?: evidence from the U.K. 37p.
2305 Venables, Anthony J. & Limao, Nuno. Geographical
disadvantage: a Heckscher-Ohlin-Von Thunen model of
international specialization. 32p.
2360 Andersen, Torben M. & Beier, Niels C. Noisy financial
signals and persistent effects of nominal shocks in open
economies. 40p.
2347 Barbosa, Natalia & Louri, Helen. Determinants of ownership
structure: a comparative analysis of multinational firms'
preferences in Greece & Portuga. 29p.
2324 Beetsma, Roel & Bovenberg, A. Lans. Inflation targets and
debt accumulation in a monetary union. 48p.
2316 Benhabib, Jess, Schmitt-Grohe, Stephanie & Uribe, Martin.
Monetary policy and multiple equilibria. 32p.
2314 Benhabib, Jess, Schmitt-Grohe, Stephanie & Uribe, Martin.
The perils of Taylor rules. 29p.
2359 Ber, Hedva, Yafeh, Yishay & Yosha, Oved. Conflict of
interest in universal banking: bank lending, stock
underwriting and fund management. 31p.
2353 Berger, Helge, de Haan, Jakob & Eijffinger, Sylvester C.W.
Central bank independence: an update of theory and evidence.
57p.
2367 Bianchi, Marco, Gudmundsson, Bjorn R. & Zoega, Gylfi.
Iceland's natural experiment in supply-side economics. 30p.
2350 Blomstrom, Magnus, Globerman, Steven & Kokko, Ari. The
determinants of host country spillovers from foreign direct
investment. 39p.
2361 Boone, Jan & van Ours, Jan C. Modelling financial
incentives to get unemployed back to work. 51p.
2323 Braconier, Henrik & Ekholm, Karolina. Swedish
multinationals and competition from high-and low-wage
locations. 44p.
2366 Buiter, Willem H. Optimal currency areas: why does the
exchange rate regime matter?. 65p.
2331 Caballero, Ricardo J. & Hammour, Mohamad L. The cost of
recessions revisited: a reserve-liquidationist view. 37p.
2336 Cadot, Olivier, Roller, Lars-Hendrik & Stephan, Andreas. A
political economy model of infrastructure allocation: an
empirical assessment. 33p.
2333 Canova, Fabio & Pina, Joaquim P. Monetary policy
misspecification in VAR models. 44p.
2330 Cassiman, Bruno & Veugelers, Reinhilde. R & D cooperation
and spillovers: some empirical evidence. 36p.
2327 Cherian, Joseph A. & Perotti, Enrico. Option pricing and
foreign investment under political risk. 32p.
2358 Crepon, Bruno & Kramarz, Francis. Employed 40 hours or
not-employed 39: lessons from the 1982 mandatory reduction
of the workweek. 49p.
2339 Croux, Christophe, Forni, Mario & Reichlin, Lucrezia. A
measure of comovement for economic variables: theory and
empirics. 22p.
2311 Demirguc-Kunt, Asli & Huizinga, Harry. Market discipline
and financial safety net design. 45p.
2335 Dranove, David & Gandal, Neil. Network effects,
standarization and the Internet: what have we learned from
the DVD vs. DIVX battle?. 19p.
2343 Eichengreen, Barry & Mody, Ashoka. Would collective action
clauses raise borrowing costs?. 36p.
2354 Eijffinger, Sylvester, Hoeberichts, Marco & Schaling, Eric.
A theory of central bank accountability. 16p.
2319 Epstein, Gil S. & Nitzan, Shmuel. The endogenous
determination of minimum wage. 23p.
2352 Fernandez, Raquel & Rogerson, Richard. Sorting and long-run
inequality. 37p.
2313 Fersterer, Josef & Winter-Ebmer, Rudolf. Are Austrian
returns to education falling over time?. 30p.
2338 Forni, Marco, et al. The generalized dynamic factor model:
identification and estimation. 24p.
2325 Freixas, Xavier, Parigi, Bruno & Rochet, Jean-Charles.
Systemic risk, interbank relations and liquidity provision
by the central bank. 33p.
2357 Fridolfsson, Sven-Olof & Stennek, Johan. Why mergers reduce
profits and raise share prices: a theory of pre-emptive
mergers. 43p.
2368 Friebel, Guido & Guriev, Sergei. Why Russian workers do not
move: attachment of workers through in-kind payments. 30p.
2307 Galor, Oded & Moav, Omer. From physical to human capital
accumulation: inequality in the process of development.
41p.
2345 Gourinchas, Pierre-Olivier & Parker, Jonathan A.
Consumption over the life cycle. 47p.
2356 Hau, Harald. Real exchange rate volatility and economic
openness: theory and evidence. 35p.
2364 Herbertsson, Tryggvi T., Skuladottir, Marta & Zoega, Gylfi.
Three symptoms and a cure: a contribution to the economics
of the Dutch disease. 31p.
2302 Horn, Henrik & Persson, Lars. The equilibrium ownership of
an international oligopoly. 43p.
2340 Horn, Henrik, Mavroidis, Petros C. & Nordstrom, Hakan. Is
the use of the WTO dispute settlement system biased?. 30p.
2341 Jensen, Henrik. Targeting nominal income growth or
inflation?. 42p.
2355 Kessler, Anke S. Optimal monitoring in hierarchical
relationships. 24p.
2334 Kilian, Lutz & Zha, Tao. Quantifying the half-life of
deviations from PPP: the role of economic priors. 33p.
2348 Kollintzas, Tryphon, Philippopoulos, Apostolis & Vassilatos,
Vanghelis. Is tax policy coordination necessary?. 30p.
2312 Konrad, Kai A., et al. Geography of the family. 25p.
2326 Konrad, Kai A. Privacy, time consistent optimal labour
income taxation and education policy. 19p.
2306 Lippi, Francesco. Revisiting the case for a populist
central banker. 25p.
2349 Motta, Massimo & Polo, Michele. Leniency programs and
cartel prosecution. 37p.
2332 Munich, Daniel, Svejnar, Jan & Terrell, Katherine. Returns
to human capital under the communist wage grid and during
the transition to a market economy. 54p.
2310 Olarreaga, Marcelo, Soloaga, Isidro & Winters, L. Alan.
What's behind Mercosur's common external tariff?. 41p.
2351 Reichlin, Pietro & Siconolfi, Paolo. Optimal debt contracts
and moral hazard along the business cycle. 43p.
2318 Riphahn, Regina T. Immigrant participation in social
assistance programs: evidence from German guestworkers.
38p.
2346 Rockinger, Michael & Urga, Giovanni. A time varying
parameter model to test for predictability and integration
in stock markets of transition economies. 30p.
2329 Rose, Andrew K. One money, one market: estimating the
effect of common currencies on trade. 47p.
2317 Schmidt, Klaus M. Convertible securities and venture
capital finance. 31p.
2315 Schmitt-Grohe, Stephanie. Endogenous business cycles and
the dynamics of output, hours, and consumption. 35p.
2328 Sibert, Anne. Monetary policy committees: individual and
collective reputations. 31p.
2321 Snower, Dennis J. Inequality of earnings. 59p.
2344 Stoughton, Neal M. & Zechner, Josef. Optimal capital
allocation using RAROC and EVA. 33p.
2342 Svensson, Lars E.O. How should monetary policy be conducted
in an era of price stability?. 50p.
2308 Symeonidis, George. Price competition and market structure:
the impact of cartel policy on concentration in the U.K.
40p.
2322 Valletti, Tommaso M. Location choice and price
discrimination in a duopoly. 36p.
2320 Vanderbussche, Hylke, Veugelers, Reinhilde & Belderbos,
Rene. Undertakings and antidumping: jumping foreign direct
investment in Europe. 29p.
2363 van Ours, Jan C. & Ridder, Geert. Fast track or failure?: a
study of the completion rates of graduate students in
economics. 29p.
2337 Veugelers, Reinhilde & Cassiman, Bruno. Importance of
international linkages for local know-how flows: some
econometric evidence from Belgium. 24p.
2309 Zenou, Yves. Urban unemployment, agglomeration and
transportation policies. 44p.
2391 Almazan, Andres & Suarez, Javier. Optimal corporate
governance structures. 41p.
2392 Bams, Dennis & Wolff, Christian C.P. Risk premia in the
term structure of interest rates: a panel data approach.
30p.
2389 Barsky, Robert B. & Kilian, Lutz. A monetary explanation of
the Great Stagflation of the 1970s. 46p.
2390 Ben-David, Dan & Kimhi, Ayal. Trade and the rate of income
convergence. 29p.
2381 Besley, Timothy & Coate, Stephen. Elected versus appointed
regulators: theory and evidence. 51p.
2384 Boeri, Tito. Optimal speed of transition 10 years after.
30p.
2371 Boeri, Tito. Social Europe: dramatic visions and real
complexity. 43p.
2379 Bofinger, Peter & Wollmershaeuser, Timo. Options for the
exchange rate policies of the EU accession countries (and
other emerging market economies). 32p.
2365 Buiter, Willem H. Monetary misconceptions: new and old
paradigmata and other sad tales. 55p.
2393 De Grauwe, Paul. Monetary policies in the presence of
asymmetries. 23p.
2388 Dolado, Juan J. & Maria-Dolores, Ramon. Evaluating changes
in the Bank of Spain's intervention: an alternative approach
using marked point processes. 31p.
2376 Duranton, Gilles & Puga, Diego. Nursery cities: urban
diversity, process innovation, and the life-cycle products.
36p.
2375 Eijffinger, Sylvester, Schaling, Eric & Verhagen, Willem.
The term structure of interest rates and inflation forecast
targeting. 31p.
2377 Francois, Joseph & Wooton, Ian. Trade in international
transport services: the role of competition. 21p.
2374 Giavazzi, Francesco, Jappelli, Tullio & Pagano, Marco.
Searching for non-linear effects of fiscal policy: evidence
from industrial and developing countries. 35p.
2383 Guiso, Luigi, Sapienza, Paola & Zingales, Luigi. The role
of social capital in financial development. 56p.
2387 Ichino, Andrea & Maggi, Giovanni. Work environment and
individual background: explaining regional shirking
differentials in a large Italian firm. 42p.
2378 Lommerud, Kjell Erik & Vagstad, Steinar. Mommy tracks and
public policy: on self-fulfilling prophecies and gender gaps
in promotion. 36p.
2373 Lutz, Stefan & Turrini, Alessandro. Skills, labour costs
and vertically differentiated industries: a general
equilibrium analysis. 18p.
2385 Manzocchi, Stefano & Ottaviano, Gianmarco I.P. Outsiders in
economic integration: the case of a transition economy.
28p.
2369 Miles, David. Funded and unfunded pensions: risk, return
and welfare. 37p.
2372 O'Rourke, Kevin H. & Williamson, Jeffrey G. The
Heckscher-Ohlin model between 1400 and 2000: when it
explained factor price convergence, when it did not, and w.
65p.
2370 Rodrik, Dani. Institutions for high-quality growth: what
they are and how to acquire them. 48p.
2380 Svensson, Lars E.O. The first year of the Eurosystem:
inflation targeting or not?. 11p.
2386 von Hagen, Jurgen & Strauch, Rolf R. East Germany:
transition with unification - experiments and experiences.
26p.
2382 Winters, L. Alan. Trade, trade policy and poverty: what are
the links?. 59p.
2405 Altug, Sumru, Demers, Fanny S. & Demers, Michel. Political
risk and irreversible investment: theory and an application
to Quebec. 71p.
2408 Barrett, Alan & O'Connell, Philip J. Is there a wage
premium for returning Irish migrants?. 16p.
2402 Caseli, Francesco & Morelli, Massimo. Bad politicians.
41p.
2407 Coricelli, Fabrizio, Cukierman, Alex & Dalmazzo, Alberto.
Monetary institutions, monopolistic competition, unionized
labour markets, and economic performance. 44p.
2398 Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.
Explaining youth labour market problems in Spain: crowding
out, institutions, or technology shifts?. 33p.
2400 Forni, Mario, et al. Reference cycles: the NBER methodology
revisited. 22p.
2406 Green, Richard. Can competition replace regulation for
small utility customers?. 18p.
2410 Kugler, Adriana D. & Saint-Paul, Gilles. Hiring and firing
costs, adverse selection and the persistence of
unemployment. 45p.
2409 Petrongolo, Barbara & Pissarides, Christopher A. Looking
into the black box: a survey of the matching function. 51p.
2399 Roller, Lars-Hendrik & Waverman, Leonard.
Telecommunications infrastructure and economic development:
a simultaneous approach. 21p.
2401 Thoenig, Mathias & Verdier, Thierry. Trade-induced
technical bias and wage inequalities: a theory of defensive
innovations. 43p.
2462 Aghion, Philippe & Schankerman, Mark. A model of market
enhancing infrastructure. 28p.
2437 Anderson, Kym. Agriculture, developing countries, and the
WTO millennium round. 37p.
2464 Angeletos, George-Marios & Kollintzas, Tryphon. Rent
seeking/corruption and growth: a simple model. 32p.
2412 Anthony, Myrvin L. & Hughes Hallett, Andrew. Should
Argentina adopt the U.S. dollar?. 28p.
2445 Bauer, Thomas K. & Haisken-De New, John P. Employer
learning and the returns to schooling. 26p.
2436 Bayoumi, Tamim. The morning after: explaining the slowdown
in Japanese growth in the 1990s. 39p.
2411 Bayoumi, Tamim, Eichengreen, Barry & Mauro, Paolo. On
regional monetary arrangements for ASEAN. 46p.
2446 Benabou, Roland. Tax and education policy in a
heterogeneous agent economy: what levels of redistribution
maximize growth and effici. 58p.
2443 Besanko, David, Regibeau, Pierre & Rockett, Katharine. A
multi-task principal-agent approach to organizational form.
55p.
2415 Bloom, Nick, Griffith, Rachel & van Reenen, John. Do R & D
tax credits work?: evidence from a panel of countries
1979-97. 56p.
2420 Boeri, Tito, Nicoletti, Guiseppe & Scarpetta, Stefano.
Regulation and labour market performance. 45p.
2444 Brown, J. David & Earle, John S. Competition and firm
performance: lessons from Russia. 33p.
2425 Caner, Mehmet & Kilian, Lutz. Size distortions of tests of
the null hypothesis of stationarity: evidence and
implications for the PPP debate. 29p.
2438 Coakley, Jerry, Fuertes, Ana-Maria & Zoega, Gylfi.
Evaluating the persistence and structuralist theories of
unemployment. 33p.
2434 Compte, Olivier, Lambert-Mogiliansky, Ariane & Verdier,
Thierry. Corruption and competition in public market
auctions. 28p.
2453 Corbett, Jenny & Mitchell, Janet. Banking crises and bank
rescues: the role of reputation. 48p.
2413 Danthine, Jean-Pierre, Giavazzi, Francesco & von Thadden,
Ernst-Ludwig. European financial markets after EMU: a first
assessment. 53p.
2465 de la Fuente, Angel. Convergence across countries and
regions: theory and empirics. 34p.
2466 de la Fuente, Angel & Domenech, Rafael. Human capital in
growth regressions: how much difference does data quality
make?. 58p.
2460 Dehejia, Vivek H. & Rowe, Nicholas. Macroeconomic
stabilization: fixed exchange rates vs. inflation targeting
vs. price level targeting. 14p.
2450 Dehejia, Vivek H. & Dwyer, Douglas W. Output and
unemployment dynamics in transition. 32p.
2461 Detken, Carsten & Hartmann, Philipp. The Euro and
international capital markets. 59p.
2454 Devereux, Michael B. & Engel, Charles. Monetary policy in
the open economy revisited: price-setting rules and exchange
rate flexibility. 43p.
2424 Diebold, Francis X. & Kilian, Lutz. Measuring
predictability: theory and macroeconomic applications. 32p.
2418 DiNardo, John, Hallock, Kevin F. & Pischke, Jorn-Steffen.
Unions and the labour market for managers. 44p.
2463 Disney, Richard, Haskel, Jonathan & Heden, Yiva.
Restructuring and productivity growth in U.K. manufacturing.
31p.
2441 Dolado, Juan J., Mariz-Dolores, Ramon & Naveira, Manuel.
Asymmetries in monetary policy: evidence for four central
banks. 32p.
2452 Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.
The role of the minimum wage in the welfare state: an
appraisal. 33p.
2427 Eichengreen, Barry & Ruehl, Christof. The bail-in problem:
systematic goals, ad hoc means. 47p.
2414 Epstein, Gil S. & Hillman, Arye L. Social harmony at the
boundaries of the welfare state: immigrants and social
transfers. 30p.
2419 Euwals, Rob. Female labour supply, flexibility of working
hours, and job mobility. 21p.
2426 Farmer, Roger E.A. Natural rate doubts. 29p.
2429 Friebel, Guido & Raith, Michael. Strategic recruiting and
the chain of command. 32p.
2456 Galasso, Vincenzo. The U.S. social security: a financial
appraisal for the median voter. 19p.
2457 Griffith, Rachel, Redding, Stephan & Van Reenen, John.
Mapping the two faces of R & D: productivity growth in a
panel of OECD industries. 74p.
2440 Gruber, Harald & Verboven, Frank. The evolution of markets
under entry and standards regulation: the case of global
mobile telecommunications. 56p.
2449 Guriev, Sergei & Kvassov, Dmitry. Barter for price
discrimination?. 34p.
2430 Hansen, Jorgen & Lofstrom, Magnus. Immigrant assimilation
and welfare participation: do assimilate into or out of
welfare?. 53p.
2417 Hege, Ulrich & Mella-Barral, Pierre. Collateral,
renegotiation and the value of diffusely held debt. 44p.
2416 Hong, Harrison G. & Rady, Sven. Strategic trading and
learning about liquidity. 37p.
2459 Horn, Henrik & Levinsohn, James. Merger policies and trade
liberalization. 37p.
2431 Hunt, Jennifer. Why do people still live in East Germany?.
47p.
2421 Kaplan, Steven N. & Stromberg, Per. Financial contracting
theory meets the real world: an empirical analysis of
venture capital contracts. 73p.
2467 Knarvik, Karen H.M. & Steen, Frode. Vertical industry
linkages: sources of productivity gains and cumulative
causation?. 22p.
2433 La Ferrara, Eliana. Inequality and group participation:
theory and evidence from rural Tanzania. 46p.
2451 Lalive, Rafael, van Ours, Jan C. & Zweimuller, Josef. The
impact of active labour market policies and benefit
entitlement rules on the duration of unemployment. 45p.
2439 Manove, Michael, Padilla, A. Jorge & Pagano, Marco.
Collateral vs. project screening: a model of lazy banks.
26p.
2432 Marin, Dalia, Kaufman, Daniel & Gorochowskij, Bogdan.
Barter in transition economies: competing explanations
confront Ukranian data. 35p.
2442 Marin, Pedro L., Siotis, Georges & Hernan, Roberto. An
empirical evaluation of the determinants of research joint
venture formation. 35p.
2435 Morsink, James & Bayoumi, Tamim. A peek inside the black
box: the monetary transmission mechanism in Japan. 40p.
2428 Pischke, Jorn-Steffen. Continuous training in Germany.
38p.
2458 Povel, Paul & Raith, Michael. Liquidity constraints,
production costs and output decisions. 35p.
2422 Richter, Kaspar. Government case transfers, household
consumption and poverty alleviation: the case of Russia.
47p.
2423 Saint-Paul, Gilles & Bentolila, Samuel. Will EMU increase
Eurosclerosis?. 48p.
2447 van den Berg, Gerald J., van der Klaauw, Bas & van Ours, Jan
C. Punitive sanctions and the transition rate from welfare
to work. 32p.
2448 Vassalou, Maria. Exchange rate and foreign inflation risk
premiums in global equity returns. 54p.
2455 Verdier, Thierry & Zenou, Yves. Racial beliefs, location
and the causes of crime. 41p.
2474 Aghion, Philippe, Howitt, Peter & Violante, Giovanni L.
General purpose technology and within-group inequality.
40p.
2475 Altissimo, Filippo & Violante, Giovanni L. The nonlinear
dynamics of output and unemployment in the U.S. 38p.
2491 Barros, Pedro P. & Martinez-Giralt, Xavier. Public and
private provision of health care. 11p.
2492 Belot, Michele & Van Ours, Jan C. Does the recent success
of some OECD countries in lowering their unemployment rates
lie in the clever design of the. 41p.
2469 Braconier, Henrik, Ekholm, Karolina & Knarvik, Karen H.M.
Does FDI work as a channel for R & D spillovers?: evidence
based on Swedish data. 27p.
2471 Bruno, Giovanni & Falzoni, Anna M. Multinational
corporations, wages and employment: do adjustment costs
matter?. 26p.
2490 Burgess, Simon & Turon, Helene. Unemployment dynamics,
duration and equilibrium: evidence from Britain. 64p.
2477 Collard, Fabrice & Kollinztas, Tryphon. Maintenance,
utilization, and depreciation along the business cycle.
28p.
2486 Dearden, Lorraine, Reed, Howard & Van Reenen, John. Who
gains when workers train?: training and corporate
productivity in a panel of British industries. 68p.
2483 Degeorge, Francois, et al. Selling company shares to
reluctant employees: France Telecom's experience. 52p.
2478 Dueker, Michael & Fischer, Andreas M. Austria's hard
currency policy: the mechanics of a successful exchange-rate
peg. 29p.
2487 Dustmann, Christian & Fabbri, Francesca. Language
proficiency and labour market performance of immigrants in
the U.K. 49p.
2479 Fischer, Andreas M. Do interventions smooth interest
rates?. 28p.
2468 Fumagalli, Chiara. On the welfare effects of competition
for foreign direct investments. 32p.
2476 Haskel, Jonathan. The trade and labour approaches to wage
inequality. 15p.
2473 Imbs, Jean. Sectors and the OECD business cycle. 18p.
2472 Jansen, Marion & Turrini, Alessandro. Job creation, job
destruction, and the international division of labour. 23p.
2485 Kogel, Tomas & Furnkranz-Prskawetz, Alexia. Agricultural
productivity growth and escape from the Malthusian trap.
28p.
2482 Lahiri, Sajal & Raimondos-Moller, Pascalis. Special
interest politics and aid fungibility. 18p.
2488 Lambert-Mogiliansky, Ariane, Sonin, Contantin & Zhuravskaya,
Ekaterina. Capture of bankruptcy: theory and evidence from
Russia. 41p.
2484 Ljungqvist, Alexander P., Jenkinson, Tim & Wilhelm, William
J. Has the introduction of bookbuilding increased the
efficiency of international IPOs?. 56p.
2481 Mattoo, Aaditya & Olarreaga, Marcelo. Reciprocity across
modes of supply in the WTO: a negotiating formula. 15p.
2470 Pennings, Enrico & Sleuwaegen, Leo. The choice and timing
of foreign market entry under uncertainty. 30p.
2489 Propper, Carol, Croxson, Bronwyn & Shearer, Arran. Waiting
times for hospital admissions: the impact of GP fundholding.
27p.
2498 Acemoglu, Daron & Zilibotti, Fabrizio. Productivity
differences. 43p.
2515 Artis, Michael J. & Buti, Marco. "Close to balance or in
surplus:" a policy-maker's guide to the implementation of
the Stability and Growth Pact. 31p.
2493 Barrett, Alan M., Fitzgerald, John & Nolan, Brian. Earnings
inequallity, returns to education and immigration into
Ireland. 34p.
2495 Besley, Timothy & Coate, Stephen. Centralized versus
decentralized provision of local public goods: a political
economy analysis. 43p.
2500 Bohelm, Rene & Taylor, Mark. Unemployment, duration and
exit states in Britain. 36p.
2517 Bonfiglioli, Alessandra & Favero, Carlo A. Measuring
co-movements between U.S. and European stock markets. 41p.
2514 Buonanno, Paolo, et al. Emission trading restrictions with
endogenous technological change. 16p.
2512 Burgess, Simon, et al. Measuring income risk. 39p.
2496 Casella, Alessandra. Games for central bankers: markets vs.
politics in public policy decisions. 29p.
2504 Decamps, Jean Paul & Faure-Grimaud, Antoine. Excessive
continuation and dynamic agency costs of debt. 43p.
2508 Dedola, Luca & Lippi, Francesco. The monetary transmission
mechanism: evidence from the industries of five OECD
countries. 43p.
2518 Denny, Kevin J. & Harmon, Colm P. Education policy reform
and the return to schooling from instrumental variables.
13p.
2505 Faure-Grimaud, Antoine & Gromb, Denis. Public trading and
private incentives. 32p.
2507 Flood, Robert P. & Jeanne, Olivier. An interest rate
defence of a fixed exchange rate?. 18p.
2509 Forni, Mario & Lippi, Marco. The generalized dynamic factor
model: representation theory. 32p.
2499 Giordani, Paolo & Soderlind, Paul. Inflation forecast
uncertainty. 23p.
2497 Hassler, John, Rodriguez-Mora, Jose V. & Zeira, Joseph.
Inequality and mobility. 27p.
2510 Hau, Harald, Killeen, William & Moore, Michael. The Euro as
an international currency: explaining puzzling first
evidence. 26p.
2511 Lane, Philip R. & Milesi-Ferretti, Gian Maria. The transfer
problem revisited: net foreign assets and real exchange
rates. 33p.
2503 Luttmer, Erzo G.J. & Mariotti, Thomas. Subjective discount
factors. 43p.
2502 Nielsen, Helena S., et al. Hit twice?: Danish evidence on
the double-negative effect on the wages of immigrant women.
21p.
2513 Propper, Carol, Rees, Hadley & Green, Katherine. The demand
for private medical insurance in the U.K.: a cohort
analysis. 24p.
2501 Roland, Gerard & Verdier, Thierry. Law enforcement and
transition. 32p.
2494 van den Berg, Gerard J. & van der Klaauw, Bas. Combining
micro and macro unemployment duration data. 39p.
2506 Ward, Melanie. Gender, salary and promotion in the academic
profession. 24p.
UNIVERSITY OF ESSEX. Department of Economics.
505 Coles, Melvyn G. & Muthoo, Abhinay. Bargaining equilibrium
in a non-stationary environment. 26p.
504 Guariglia, Alessandra & Kim, Byung-Yeon. Determinants and
dynamics of moonlighting: the case of Russian married men.
29p.
506 Lahiri, Sajal & Ono, Yoshiyasu. Protecting environment in
the presence of foreign direct investment: tax versus
quantity restriction. 22p.
503 Li, Carmen A. Export diversification and export-led growth
in Mexico. 27p.
509 Ercolani, Marco G. Inflation tax and the hidden economy.
18p.
510 Ercolani, Marco G. The price augmented risk premium, theory
and application. 20p.
508 Markose, Sheri M. & Loke, Yiing Jia. Changing trends in
payment systems for selected G10 and EU countries, 1990 -
1998. 12p.
507 Markose, Sheri M. & Loke, Yiing Jia. Network effects on
cash-card substitution in transactions and low interest rate
regimes. 29p.
512 Muthoo, Abhinay. On the foundations of basic property
rights, part 1: a model of the state of nature with two
players. 51p.
513 Richmond, J. & Lynde, Catherine. Cost inefficiencies in
U.K. manufacturing. 31p.
514 Richmond, J. & Lynde, Catherine. Measuring efficiency and
costing slack. 30p.
511 Symeonidis, George. Are cartel laws bad for business?:
evidence from the U.K. 45p.
515 Symeonidis, George. Cartel stability with multiproduct
firms. 19p.
EUROPEAN UNIVERSITY INSTITUTE. Department of Economics.
9924 Artis, Mike, Krolzig, Hans-Martin & Toro, Juan. The
European business cycle. 44p.
9935 Benhabib, Jess & Farmer, Roger E.A. The monetary
transmission mechanism. 81p.
9934 Bennett, Rosalind L. & Farmer, Roger E.A. Indeterminacy
with non-separable utility. 28p.
9933 Farmer, Roger E.A. Two new Keynesian theories of sticky
prices. 52p.
THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.
9904 Berman, Eli, Lang, Kevin & Siniver, Erez. Language skill
complementarity: returns to immigrant language acquisition.
33p.
9905 Perry, Motty & Reny, Philip J. An ex-post efficient
auction. 26p.
2000-1 Amir, Shmuel. Overseas foreign workers in Israel: policy
aims and labor market outcomes. 18p.
2000-4 Berman, Eli & Rzakhanov, Zaur. Fertility, migration and
altruism. 39p.
2000-3 Gould, Eric D., Moav, Omer & Weinberg, Bruce A.
Precautionary demand for education, inequality, and
technological progress. 47p.
2000-8 Ahituv, Avner. Employment and earnings structure: evidence
from Israel. 39p.
2000-9 Maoz, Yishay & Moav, Omer. Capital-skill complementarity,
inequality and development. 29p.
2000-7 Volij, Oscar. Public education, communities and vouchers.
28p.
200010 Chiswick, Barry R. & Repetto, Gaston. Immigrant adjustment
in Israel: literacy and fluency in Hebrew and earnings.
37p.
200011 Galor, Oded & Moav, Omer. From physical to human capital
accumulation: inequality in the process of development.
32p.
FONDAZIONE ENI ENRICO MATTEI.
91/99 Bartolini, Stefano & Bonatti, Luigi. Endogenous growth and
negative externalities. 25p.
100/99 Spagnolo, Giancarlo. Markets and cooperation. 20p.
5/2000 Pindyck, Robert S. Irreversibilities and the timing of
environmental policy. 31p.
472000 Gautier, Axel & Paoloni, Dimitri. Delegation and
information revelation. 29p.
482000 Papandreou, Andreas. Externality, convexity and
institutions. 28p.
FEDERAL RESERVE BANK OF ATLANTA. Research Department.
9923 Eisenbeis, Robert A., Ferrier, Gary D. & Kwan, Simon H. The
informativeness of stochastic frontier and programming
frontier efficiency scores: cost efficiency and other me.
38p.
9919 Espinosa-Vega, Marco & Russell, Steven. A public finance
analysis of multiple reserve requirements. 92p.
9918 Fisher, Mark. Consumption and asset prices with recursive
preferences: continuous-time approximations to discrete time
models. 41p.
9917 Fisher, Mark & Gilles, Christian. Consumption and asset
prices with homothetic recursive preferences. 54p.
9920 Heston, Steven L. & Nandi, Saikat. A discrete-time
two-factor model for pricing bonds and interest rate
derivatives under random volatility. 29p.
9921 Kilian, Lutz & Zha, Tao. Quantifying the half-life of
deviations from PPP: the role of economic priors. 34p.
9922 Leeper, Eric M. & Zha, Tao. Modest policy intervention.
63p.
9916 Moen, Jon R. & Tallman, Ellis W. Why didn't the United
States establish a central bank after the Panic of 1907?.
29p.
2000-2 Nachman, David C. & Smith, Stephen D. Decentralized
production and public liquidity with private information.
40p.
2000-1 Rodriguez, Daniel & Zavodny, Madeline. Explaining changes
in the age distribution of displaced workers. 34p.
2000-5 Ackert, Lucy F. & Athanassakos, George. A simultaneous
equations analysis of analysts' forecast bias and
institutional ownership. 31p.
2000-4 Bitler, Marianne & Zavodny, Madeline. The effect of
Medicaid eligibility expansions on births. 29p.
2000-3 Waggoner, Daniel F. & Zha, Tao. A Gibbs simulator for
restricted VAR models. 23p.
2000-6 Hiraki, Takato & Maberly, Edwin D. An analysis of Japanese
stock return dynamics conditional on U.S. Monday holiday
closures. 24p.
2000-8 Waggoner, Daniel F. & Zha, Tao. Likelihood-preserving
normalization in multiple equation models. 26p.
2000-7 Zavodny, Madeline. Technology and job retention among young
adults, 1980-98. 36p.
200014 Becsi, Zsolt, Wang, Ping & Li, Victor. Financial
matchmakers in credit markets with heterogeneous borrowers.
35p.
200018 Benston, George, et al. Bank capital structure, regulatory
capital, and securities innovations. 38p.
200017 Espinosa-Vega, Marco A. & Yip, Chong K. Government
financing in an endogenous growth moel with financial market
restrictions. 29p.
200016 Espinosa-Vega, Marco A., Smith, Bruce D. & Yip, Chong K.
Barriers to international capital flows: when, why, how big,
and for whom?. 41p.
200010 Gillette, Ann B., Noe, Thomas H. & Rebello, Michael J.
Corporate board composition, protocols, and voting behavior:
experimental evidence. 62p.
2000-9 Gillette, Ann B. & Noe, Thomas H. If at first you don't
succeed: an experimental investigation of the impact of
repetition options on corporate takeo. 63p.
200013 Ginther, Donna K. & Pollak, Robert A. Does family structure
affect children's educational outcomes?. 53p.
200015 Kahn, Charles M. & Roberds, William. The CLS bank: a
solution to the risks of international payments settlement?.
48p.
200011 Maberly, Edwin D. & Waggoner, Daniel F. Closing the
question on the continuation of turn-of-the-month effects:
evidence from the S&P 500 index futures cont. 26p.
200012 Zavodny, Madeline. Immigrant selectivity: evidence from
occupational distributions. 29p.
200021 Del Guercio, Diane & Tkac, Paula A. The determinants of the
flow of funds of managed portfolios: mutual funds versus
pension funds. 45p.
200020 Heston, Steven L. & Nandi, Saikat. Derivatives on
volatility: some simple solutions based on observables.
19p.
200022 Kahn, Charles M., McAndrews, James & Roberds, William. A
theory of transactions privacy. 27p.
200019 Leeper, Eric M. & Zha, Tao. Assessing simple policy rules:
a view from a complete macro model. 55p.
FEDERAL RESERVE BANK OF CHICAGO. Research Department.
9918 Burnside, Craig, Eichenbaum, Martin & Fisher, Jonas D.M.
Assessing the effects of fiscal shocks. 42p.
9919 Burnside, Craig, Eichenbaum, Martin & Fisher, Jonas D.M.
Fiscal shocks in an efficiency wage model. 28p.
9923 Aaronson, Daniel. A note on the benefits of homeownership.
17p.
9926 Ackert, Lucy F. & Hunter, William C. Intrinsic bubbles: the
case of stock prices, a comment. 14p.
9924 Barrow, Lisa & McGranahan, Leslie. The earned income credit
and durable goods purchases. 70p.
9927 Hao, Jonathan, Hunter, William C. & Yang, Won Keun.
Deregulation and efficiency: the case of private Korean
banks. 33p.
9928 Jacobson, Louis, LaLonde, Robert & Sullivan, Daniel.
Measures of program performance and the training choices of
displaced workers. 39p.
9922 Kouparitsas, Michael A. Is there evidence of the new
economy in the data?. 25p.
9929 Worthington, Paula R. The value of relationships between
small firms and their lenders. 21p.
9930 Aaronson, Daniel & Sullivan, Daniel G. Worker insecurity
and aggregate wage growth. 28p.
2000-2 French, Eric. The effects of health, wealth, and wages on
labor supply and retirement behavior. 46p.
2000-2 French, Eric. The effects of health, wealth, and wages on
labor supply and retirement behavior. 46p.
2000-4 Barrow, Lisa & Rouse, Cecilia E. Using market valuation to
assess the importance and efficiency of public school
spending. 40p.
2000-5 Veracierto, Marcelo. Employment flows, capital mobility,
and policy analysis. 40p.
2000-8 French, Eric. The labor supply response to (mismeasured
but) predictable wage changes. 36p.
FEDERAL RESERVE BANK OF CLEVELAND. Research Department.
1 Hess, Gregory D. & Schweitzer, Mark E. Does wage inflation
cause price inflation?. 14p.
FEDERAL RESERVE BANK OF DALLAS. Research Department.
9911 Balke, Nathan S., Brown, Stephen P.A. & Yucel, Mine K. Oil
price shocks and the U.S. economy: where does the asymmetry
originate?. 31p.
9909 Haslag, Joseph H. & Bhattacharya, Joydeep. Central bank
responsibility, seigniorage, and welfare. 42p.
9910 Orrenius, Pia M. The role of family networks, coyote prices
and the rural economy in migration from Western Mexico,
1965-1994. 44p.
9912 Santore, Rudy & Viard, Alan D. Legal fee restrictions,
moral hazard, and attorney profits. 25p.
2000-1 Balke, Nathan S. & Wohar, Mark E. Why are stock prices so
high?: dividend growth or discount factor?. 70p.
2000-2 Haslag, Joseph H. On Fed watching and central bank
transparency. 39p.
2000-3 Brown, Stephen P.A. & Huntington, Hillard G. Unilateral
OECD policies to mitigate global climate change. 39p.
2000-4 Koenig, Evan F., Dolmas, Sheila & Piger, Jeremy. The use
and abuse of "real-time" data in economic forecasting. 29p.
FEDERAL RESERVE BANK OF DALLAS. Financial Industry Studies.
3/99 Barr, Richard S., et al. Evaluating the productive
efficiency and performance of U.S. commercial banks. 47p.
1/2000 Gunther, Jeffery W. & Moore, Robert R. Early warning models
in real time. 26p.
FEDERAL RESERVE BANK OF KANSAS CITY. Research Division.
9910 Amato, Jeffery D. & Laubach, Thomas. Forecast-based
monetary policy. 33p.
9909 Amato, Jeffery D. & Laubach, Thomas. Monetary policy in an
estimated optimization-based model with sticky prices and
wages. 38p.
9911 Clark, Todd E. & McCracken, Michael W. Tests of equal
forecast accuracy and encompassing for nested models. 52p.
9908 Kozicki, Sharon & Hoffman, Barak. Implications of rounding
and rebasing for empirical analyses using consumer price
inflation. 20p.
9912 Rappaport, Jordan. How does labor mobility affect income
convergence?. 37p.
9913 Rappaport, Jordan. Why are population flows so persistent?.
46p.
2000-2 Orlando, Michael J. On the importance of geographic and
technological proximity for R & D spillovers: an empirical
investigation. 45p.
2000-1 Schreft, Stacey L. Private money, settlement, and discount:
a comment. 8p.
FEDERAL RESERVE BANK OF MINNEAPOLIS. Research Department.
264 Gowrisankaran, Gautam & Holmes, Thomas J. Do mergers lead
to monopoly in the long run?: results from the dominant firm
model. 36p.
265 Kehoe, Patrick J. & Perri, Fabrizio. International business
cycles with endogenous incomplete markets. 38p.
267 Chin, Dan, Geweke, John & Miller, Preston. Predicting
turning points. 31p.
266 Miller, Preston. Some fresh perspectives on price-support
policies. 46p.
268 Phelan, Christopher. On the irrelevance of government debt
without commitment. 19p.
269 Mitchell, Matthew F. The scale of production in
technological revolutions. 29p.
270 Cole, Harold L. & Ohanian, Lee E. Re-examining the
contributions of money and banking shocks to the U.S. Great
Depression. 53p.
271 Jones, Larry E., Manuelli, Rodolfo E. & Siu, Henry E.
Growth and business cycles. 49p.
274 Kocherlakota, Narayana R. Risky collateral and deposit
insurance. 23p.
275 Kocherlakota, Narayana R. Societal benefits of nominal
bonds. 22p.
273 Llobet, Gerard, Hopenhayn, Hugo & Mitchell, Matthew.
Rewarding sequential innovators: prizes, patents and
buyouts. 41p.
272 Mitchell Franco, April & Filson, Darren. Knowledge
diffusion through employee mobility. 58p.
278 Alvarez, Fernando, Atkeson, Andrew & Kehoe, Patrick J.
Money, interest rates, and exchange rates with endogenously
segmented markets. 38p.
256r Atkeson, Andrew & Kehoe, Patrick J. Paths of development
for early- and late-bloomers in a dynamic Heckscher-Ohlin
model. 20p.
279 Boldrin, Michele & Levine, David K. Growth cycles and
market crashes. 33p.
277 Chari, V.V., Kehoe, Patrick J. & McGrattan, Ellen R. Can
sticky price models generate volatile and persistent real
exchange rates?. 51p.
276 Jones, Larry E. & Manuelli, Rodolfo E. Endogenous policy
choice: the case of pollution and growth. 51p.
280 Boldrin, Michele, Christiano, Lawrence J. & Fisher, Jonas
D.M. Habit persistence, asset returns and the business
cycle. 73p.
281 Jones, Larry E., Manuelli, Rodolfo E. & Stacchetti, Ennio.
Technology (and policy) shocks in models of endogenous
growth. 51p.
282 Prescott, Edward C. & Rios-Rull, Jose-Victor. On the
equilibrium concept for overlapping generations
organizations. 23p.
FED RESERVE BANK OF MPLS-UNIV OF MINN. Inst. for Empirical Macro.
132 Aiyagari, S. Rao, Greenwood, Jeremy & Seshardi, Ananth.
Efficient investment in children. 43p.
133 Bassetto, Marco. Political economy of taxation in an
overlapping generations economy. 52p.
134 Caselli, Francesco & Morelli, Massimo. Bad politicians.
41p.
135 Berliant, Marcus, Reed, Robert R. & Wang, Ping. Knowledge
exchange, matching, and agglomeration. 41p.
136 Imrohoroglu, Ayse, Imrohoroglu, Selahattin & Joines, Douglas
H. Time inconsistent preferences and social security. 42p.
FEDERAL RESERVE BANK OF PHILADELPHIA. Economic Research Division.
9918 Chatterjee, Satyajit & Corbae, Dean. Competitive theories
for economies with general transactions technology. 19p.
9919 Crone, Theodore M. Using state indexes to define economic
regions in the U.S. 29p.
9921 Croushore, Dean & Stark, Tom. A real-time data set for
macroeconomists: does the date vintage matter?. 54p.
9920 Phillips, Kerk & Wrase, Jeffrey. Schumpeterian growth and
endogenous business cycles. 37p.
9922 Voith, Richard. Does the U.S. tax treatment of housing
create an incentive for exclusionary zoning and increased
decentralization?. 47p.
2000-1 Berlin, Mitchell & Mester, Loretta J. Optimal financial
contracts for large investors: the role of lender liability.
33p.
2000-2 Stark, Tom. Does current-quarter information improve
quarterly forecasts for the U.S. economy?. 56p.
2000-3 Leduc, Sylvain. Incomplete markets, borrowing constraints,
and the foreign exchange risk premium. 26p.
2000-4 Hughes, Joseph P., Mester, Loretta J. & Moon, Choon-Geol.
Are scale economies in banking elusive or illusive?:
evidence obtained by incorporating capital structure and
risk-. 44p.
2000-5 Hughes, Joseph P., et al. Recovering risky technologies
using the almost ideal demand system: an application to U.S.
banking. 32p.
2000-6 Croushore, Dean & Stark, Tom. A real-time data set for
macroeconomists: does data vintage matter for forecasting?.
29p.
2000-7 Khan, Aubhik & Ravikumar, B. Costly technology adoption and
capital accumulation. 39p.
2000-8 Carlino, Gerald & Sill, Keith. Regional income
fluctuations: common trends and common cycles. 33p.
2000-9 Carlino, Gerald A., DeFina, Robert H. & Sill, Keith.
Sectoral shocks and metropolitan employment growth. 30p.
200010 Khan, Aubhik & Thomas, Julia K. Nonconvex factor
adjustments in equilibrium business cycle models: do
nonlinearities matter?. 47p.
200011 Leduc, Sylvain. Exchange-rate puzzles in a model with
arbitrage. 37p.
200012 Voith, Richard & Gyourko, Joseph. Capitalization of federal
taxes, the relative price of housing, and urban form:
density and sorting effects. 27p.
FEDERAL RESERVE BOARD. Finance & Economics Discussion Series.
9954 Bomfin, Antulio N. Measurement error in general
equilibrium: the aggregate effects of noisy economic
indicators. 27p.
9964 Cohen, Darrel & Follette, Glenn. The automatic fiscal
stabilizers: quietly doing their thing. 70p.
9962 Downing, Chris. Nonparametric estimation of multifactor
continuous time interest rate models. 46p.
9958 Estevao, Marcello & Lach, Saul. The evolution of the demand
for temporary help supply employment in the United States.
25p.
9957 Estevao, Marcello & Lach, Saul. Measuring temporary labor
outsourcing in U.S. manufacturing. 46p.
9951 Finan, Frederico S. & Tetlow, Robert. Optimal control of
large, forward-looking models: efficient solutions and two
examples. 11p.
9953 Fleischman, Charles A. The causes of business cycles and
the cyclicality of real wages. 36p.
9963 Gibson, Michael S. Is corporate governance ineffective in
emerging markets?. 38p.
9965 Hooker, Mark A. Are oil shocks inflationary?: asymmetric
and nonlinear specifications versus changes in regime. 23p.
9955 Jones, Barry E. & Nesmith, Travis D. Tests for non-linear
dynamics in systems of non-stationary economic time series:
the case of short-term U.S. intere. 45p.
9959 Liang, J. Nellie & Sharpe, Steven A. Share repurchases and
employee stock options and their implications for S&P 500
share retirements and expected retu. 19p.
9960 Otoo, Maria W. Consumer sentiment and the stock market.
19p.
9966 Otoo, Maria W. Temporary employment and the natural rate of
unemployment. 17p.
9956 Roberts, John M. & Morin, Norman J. Is hysteresis important
for U.S. unemployment?. 43p.
9952 Swanson, Eric T. Measuring the cyclicality of real wages:
how important is aggregation across industries?. 31p.
9961 Weisbenner, Scott. Do pension plans with participant
investment choice teach households to hold equity?. 36p.
9968 Johnson, Kathleen W. Credit constraints, consumer leasing
and the automobile replacement decision. 23p.
9967 Orphanides, Athanasios & Wieland, Volker. Efficient
monetary policy design near price stability. 50p.
2000-4 Berger, Allen N., et al. Globalization of financial
institutions: evidence from cross-border banking
performance. 113p.
2000-7 Berkowitz, Jeremy. On identification of continuous time
stochastic processes. 16p.
200010 Covitz, Dan & Harrison, Paul. The timing of debt issuance
and rating migration: theory and evidence. 43p.
2000-9 Cutler, David M. & Sheiner, Louise. Generational aspects of
Medicare. 12p.
2000-3 Elmendorf, Douglas W. & Sheiner, Louise M. Should America
save for its old age?: population aging, national saving,
and fiscal policy. 46p.
2000-5 Kiley, Michael T. Stock prices and fundamentals in a
production economy. 32p.
200012 Maki, Dean M. The growth of consumer credit and the
household debt service burden. 26p.
200013 Orphanides, Athanasios. Activist stabilization policy and
inflation: the Taylor rule in the 1970s. 20p.
2000-8 Starr-McCluer, Martha. The effects of weather on retail
sales. 25p.
2000-1 Tetlow, Robert. Inflation targeting and target stability.
56p.
200011 Tevlin, Stacey & Whelan, Karl. Explaining the investment
boom of the 1990s. 33p.
2000-6 Whelan, Karl. Computers, obsolescence, and productivity.
40p.
2000-2 Whelan, Karl. Real wage dynamics and the Phillips curve.
25p.
200019 Bartlesman, Eric J. & Doma, Mark. Understanding
productivity: lessons from longitudinal microdata. 40p.
200016 Bomfin, Antulio N. Heterogeneous forecasts and aggregate
dynamics. 18p.
200014 Bomfin, Antulio N. & Reinhart, Vincent R. Making news:
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practices. 36p.
200015 Calem, Paul S. & Longhofer, Stanley D. Anatomy of a
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200018 Carey, Mark. Dimensions of credit risk and their
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200017 Estevao, Marcello & Tevlin, Stacey. Do firms share their
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200026 Bertaut, Carol & Starr-McCluer, Martha. Household
portfolios in the United States. 41p.
200027 Cannon, Sandra A., et al. Has compensation become more
flexible?. 31p.
200021 Click, Reid W. & Harrison, Paul. Does multinationality
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corporations. 36p.
200030 Downing, Chris & Wallace, Nancy. A real options approach to
housing investment. 36p.
200025 Gibson, Michael S. & Pritsker, Matthew. Improving
grid-based methods for estimating value at risk of
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200022 Higgins, Matthew & Zakrajsek, Egon. Purchasing power
parity: three stakes through the heart of the unit root
null. 44p.
200024 McCarthy, Jonathan & Zakrajsek, Egon. Microeconomic
inventory adjustment: evidence from U.S. firm-level data.
37p.
200020 Oliner, Stephen D. & Sichel, Daniel E. The resurgence of
growth in the late 1990s: is information technology the
story?. 48p.
200023 Rudd, Jeremy B. Assessing the productivity of public
capital with a locational equilibrium model. 35p.
200028 Tetlow, Robert J. & von zur Muehlen, Peter. Robust monetary
policy with misspecified models: does model uncertainty
always call for attenuated policy?. 46p.
200029 Weisbenner, Scott J. Corporate share repurchases in the
1990s: what role fo stock options play?. 42p.
200036 Berger, Allen N. The integration of the financial services
industry: where are the efficiencies?. 39p.
200031 Bostic, Raphael W. & Surette, Brian J. Have the doors
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income. 30p.
200034 Cohen, Darrel. A quantitative defense of stabilization
policy. 17p.
200033 Sack, Brian. Deriving inflation expectations from nominal
and inflation-indexed Treasury yields. 24p.
200032 Swanson, Eric T. On signal extraction and non-certainty
equivalence in optimal monetary policy rules. 30p.
200038 Tulip, Peter. Do minimum wages raise the NAIRU. 36p.
200035 Whelan, Karl. A guide to the use of chain aggregated
national income and product accounts data. 20p.
200039 Berger, Allen N., Kyle, Margaret K. & Scalise, Joseph M.
Did U.S. bank supervisors get tougher during the credit
crunch? Did they get easier during the banking boom? Did .
54p.
200037 Berger, Allen N., DeYoung, Robert & Udell, Gregory F.
Efficiency barriers to the consolidation of the European
financial services industry. 18p.
200047 Carey, Mark & Hrycay, Mark. Parameterizing credit risk
models with rating data. 91p.
200043 Harrigan, James & Zakrajsek, Egon. Factor supplies and
specialization in the world economy. 42p.
200044 Heuson, Andrea, Passmore, Wayne & Sparks, Roger. Credit
scoring and mortgage securitization: do they lower mortgage
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200049 Knight, Brian. The flypaper effect unstuck: evidence on
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49p.
200046 Rudd, Jeremy. Empirical evidence on human capital
spillovers. 35p.
200048 Sabarwal, Tarun. Bankruptcy in general equilibrium. 42p.
200042 Sack, Brian. Using Treasury STRIPS to measure the yield
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200041 Sironi, Andrea. An analysis of European banks SND issues
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200040 Sironi, Andrea. Testing for market discipline in the
European banking industry: evidence from subordinated debt
issues. 36p.
200045 Zhou, Hao. A study of the finite sample properties of EMM,
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FEDERAL RESERVE BOARD. International Finance Papers.
651 Faust, Jon & Svensson, Lars E.O. The equilibrium degree of
transparency and control in monetary policy. 24p.
652 Faust, Jon & Rogers, John H. Monetary policy's role in
exchange rate behavior. 31p.
653 Kamin, Steven B. & von Kleist, Karsten. The evolution and
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650 Wright, Jonathan H. Long memory in emerging market stock
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649 Wright, Jonathan H. & Bollerslev, Tim. High frequency data,
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656 Ahmed, Shaghil. Sources of economic fluctuations in Latin
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664 Ihrig, Jane & Moe, Karine S. The dynamics of informal
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668 Ammer, John & Packer, Frank. How consistent are credit
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