Acquisitions - January-December 2002
ATHENS UNIVERSITY OF ECONOMICS & BUSINESS. Dept. of Economics.
139 Cavounidis, Jennifer. Migration in Southern Europe and the
case of Greece. 34p.
137 Kandel, Anatoly F. & Tsionas, Efthymios G.
Entrepreneurship: getting nonnormality right. 36p.
140 Minoglou, Ioanna P. Ethnic minority groups in international
banking: Greek Diaspora banks of Constantinople and Ottoman
state finances,. 27p.
138 Pournarakis, Mike. Development integration and FDIs in the
Balkans. 19p.
136 Tsionas, Efthymios G. Likelihood-based comparison of stable
Paretian and competing models: evidence from daily exchange
rates. 18p.
142 Baltas, Nicholas C. The welfare effects of the Berlin CAP
agreement on Greek agriculture. 16p.
141 Tsionas, Efthymios G. Combining DEA and stochastic frontier
models: an empirical Bayes approach. 23p.
143 Episcopos, Athanasios. The implied bank insurance fund
under credit risk. 28p.
145 Bitros, George C. & Flytzanis, Elias G. A rehabilitation of
economic replacement theory. 32p.
144 Fiorito, Riccardo & Kollintzas, Tryphon. Public goods,
merit goods, and the relation between private and government
consumption. 35p.
146 Tsionas, Efthymios G. & Christopoulos, Dimitris K.
Cointegration modeling of interrelated factor demands, with
an application to labor import substitution in the Euro.
22p.
UNIVERSITY OF AUCKLAND. Department of Economics.
222 Aoki, Reiko. Cournot and Bertrand competition with vertical
quality differentiation. 31p.
224 Kennes, John, King, Ian & Julien, Benoit. "Residual" wage
disparity in directed search equilibrium. 34p.
223 Schiff, Aaron. Two-way interconnection with partial
consumer participation. 33p.
BANCO DE ESPANA. Servicio de Estudios.
200115 Ciccarelli, Matteo & Rebucci, Alessandro. The transmission
mechanism of European monetary policy: is there
heterogeneity? Is it changing over time?. 60p.
200114 Desmet, Klaus & Ortuno-Ortin, Ignacio. Rational
underdevelopment. 37p.
200116 Estrada, Angel & Lopez-Salido, J. David. Sectoral and
aggregate technology growth in Spain. 49p.
200121 Andres, Javier, Lopez-Salido, J. David & Valles, Javier.
Money in an estimated business cycle model of the Euro area.
41p.
200120 Blanco, Roberto. The Euro-area government securities
markets: recent developments and implications for market
functioning. 36p.
200119 Chatelain, J.B., et al. Firm investment and monetary policy
transmission in the Euro area. 41p.
200118 Ehrmann, Michael, et al. Financial systems and the role of
banks in monetary policy transmission in the Euro area.
52p.
200117 Hernando, Ignacio & Pages, Jorge M. Is there a bank lending
channel of monetary policy in Spain?. 45p.
2002-5 Estrada, Angel & Lopez-Salido, J. David. Understanding
Spanish dual inflation. 20p.
2002-4 Gali, Jordi, Gertler, Mark & Lopez-Salido, J. David.
Markups, gaps, and the welfare costs of business
fluctuations. 39p.
2002-3 Hernando, Ignacio & Nunez, Soledad. The contribution of ICT
to economic activity: a growth accounting exercise with
Spanish firm-level data. 42p.
2002-9 Benito, Andrew & Young, Garry. Financial pressure and
balance sheet adjustment by U.K. firms. 42p.
200211 Cabrero, Alberto, et al. Modelling the daily banknotes in
circulation in the context of the liquidity management of
the European Central Ban. 47p.
2002-8 Kaiser, Regina & Maravall, Agustin. A comlete model-based
interpretation of the Hodrick-Prescott filter: spuriousness
reconsidered. 35p.
2002-7 Maravall, Agustin. An application of TRAMO-SEATS: automatic
procedure and sectoral aggregation: the Japanese foreign
trade series. 43p.
200212 Willman, Alpo & Estrada, Angel. The Spanish block of the
ESCB-multi-country model. 70p.
200213 Alberola, Enrique, Buisan, Ana & Fernandez de Lis, Santiago.
The quest for nominal and real convergence through
integration in Europe and Latin America. 43p.
200214 Hernando, Ignacio & Tiomo, Andre. Financial constraints and
investment in France and Spain: a comparison using firm
level data. 35p.
200215 Benigno, Pierpaolo & Richardson, J. David. Inflation
persistence and optimal monetary policy in the Euro area.
41p.
200217 Gallego, Sonsoles, Garcia Herrero, Alicia & Saurina, Jesus.
The Asian and European banking systems: the case of Spain in
the quest for development and stability. 46p.
200216 Garcia Herrero, Alicia, et al. Latin American financial
development in perspective. 75p.
200219 Campa, Jose M. & Gonzalez-Minguez, Jose M.. Differences in
exchange rate pass-through in the Euro area. 39p.
BANK OF JAPAN. Institute for Monetary & Economic Studies.
200119 Fujuki, Hiroshi, Hsiao, Cheng & Shen, Yan. Is there a
stable money demand function under the low interest rate
policy? A panel data analysis. 43p.
200121 Saito, Makoto, et al. Liquidity demand and asset pricing:
evidence from the periodic settlement in Japan. 29p.
200120 Spiegel, Mark M. The disposition of failed Japanese bank
assets: lessons from the U.S. savings and loan crisis. 40p.
200118 Une, Masashi. The security evaluation of time stamping
schemes: the present situation and studies. 34p.
2002-1 Baba, Naohiko & Hisada, Takamasa. Japan's financial system:
its perspective and the authorities' roles in redesigning
and administering the system. 65p.
2002-3 Shirakawa, Masaaki. One year under `quantitative easing'.
64p.
2002-2 Yamai, Yasuhiro & Yoshiba, Toshinao. Comparative analyses
of expected shortfall and value-at-risk (3): their validity
under market stress. 70p.
2002-4 Fujuki, Hiroshi & Otani, Akira. Do currency regimes matter
in the 21st century?. 56p.
2002-5 Otani, Akira. Pricing-to-market (PTM) and the international
transmission effect of monetary policy: the new open economy
macroeco. 44p.
2002-9 Goyal, Rishi & McKinnon, Ronald. Japan's negative risk
premium in interest rates: the liquidity trap and fall in
bank lending. 32p.
2002-8 Hatase, Mariko. Devaluation and exports in interwar Japan:
the effects of sharp depreciation of the yen in the early
1930s. 52p.
2002-6 Nakada, Sachiko K. Analysis of changes in Japan's
unemployment rate using gross flow data. 43p.
2002-7 Shizume, Masato. Economic developments and monetary policy
responses to interwar Japan: evaluation based on the Taylor
rule. 55p.
200215 Jang, Kyungho & Ogaki, Masao. The effects of Japanese
monetary policy shocks on exchange rates: a structural
vector error correction model approa. 44p.
200217 Kawai, Masahiro. Exchange rate arrangements in East Asia:
lessons from the 1997-98 currency crisis. 51p.
200213 McKinnon, Ronald & Schanl, Gunther. Synchronized business
cycles in East Asia: fluctuations in the Yen/dollar exchange
rate and China's stabilizing rol. 70p.
200211 Meltzer, Allan H. New international financial arrangements.
14p.
200210 Nanjo, Takashi. Developments in land prices and bank
lending in interwar Japan: effects of the real estate
finance problem on the b. 40p.
200212 Obstfeld, Maurice. Exchange rates and adjustment:
perspectives from the new open economy macroeconomics. 37p.
200214 Watanabe, Toshiaki. Measuring business cycle turning points
in Japan with a dynamic Markov switching factor model. 48p.
200216 von Hagen, Jurgen & Bruckner, Matthias. Monetary and fiscal
policy in the European monetary union. 49p.
200218 Corbo, Vittorio. Exchange rate regimes in the Americas: is
dollarization the solution?. 32p.
BEN GURION UNIVERSITY. Monaster Center for Economic Research.
200123 Cohen-Zada, Danny & Justman, Moshe. Religious education and
school vouchers. 37p.
200120 Perez-Castrillo, David & Wettstein, David. Choosing wisely:
a multi-bidding approach. 30p.
200122 Justman, Moshe & Zuscovitch, Ehud. Economic impact of
subsidized industrial R & D in Israel. 23p.
200121 Justman, Moshe, Thisse, Jacques F. & van Ypersele, Tanguy.
Taking the bite out of fiscal competition. 26p.
UNIVERSITY OF CALIFORNIA-BERKELEY. Department of Economics.
309 Epstein, Roy J. & Rubinfeld, Daniel. Merger stimulation: a
simplified approach with new applications. 43p.
310 Rigotti, Luca & Shannon, Chris. Uncertainty and risk in
financial markets. 49p.
317 Charness, Gary & Rabin, Matthew. Understanding social
preferences with simple tests. 55p.
316 Echenique, Federico & Edlin, Aaron. Mixed equilibrium in
games of strategic complements are unstable. 22p.
311 Hall, Bronwyn H. The financing of research and development.
24p.
315 Hwang, Min & Quigley, John M. Price discovery in time and
space: the course of condominium prices in Singapore. 55p.
312 O'Donoghue, Ted & Rabin, Matthew. Addiction and
present-biased preferences. 52p.
314 O'Donoghue, Ted & Rabin, Matthew. Procrastination on
long-term projects. 40p.
313 Rabin, Matthew. A perspective on psychology and economics.
43p.
UNIVERSITY OF CALIFORNIA-SAN DIEGO. Department of Economics.
200116 Crawford, Vincent P. Lying for strategic advantage:
rational and boundedly rational misrepresentation of
intentions. 28p.
200114 Den Haan, Wouter J., Haefke, Christian & Ramey, Garey.
Shocks and institutions in a job matching model. 52p.
200115 Engle, Robert F. & Sheppard, Kevin. Theoretical and
empirical properties of dynamic conditional correlation
multivariate GARCH. 43p.
200111 Evans, George W. & Ramey, Garey. Adaptive expectations,
underparameterization and the Lucas critique. 18p.
200110 Hamilton, James D. & Herrera, Ana Maria. Oil shocks and
aggregate macroeconomic behavior: the role of monetary
policy. 31p.
200112 Machina, Mark J. Almost-objective uncertainty. 36p.
200119 Muller, Ulrich K. & Elliott, Graham. Tests for unit roots
and the initial observation. 43p.
200117 Patton, Andrew J. Establishment of copula models for time
series of possibly different lengths. 49p.
200120 Rauch, James E. & Watson, Joel. Entrepreneurship in
international trade. 36p.
200118 Rauch, James E & Casella, Alessandra. Overcoming
informational barriers to international resource allocation:
prices and ties. 36p.
200113 Schorderet, Yann. Revisiting Okun's law: an hysteric
perspective. 25p.
200121 Schwartz, Alan & Watson, Joel. The law and economics of
costly contracting. 44p.
UNIVERSITY OF CALIFORNIA-SANTA BARBARA. Department of Economics.
182001 Bech, Morten L. & Garratt, Rod. The intraday liquidity
management game. 40p.
152001 Bergstrom, Carl T. & Bergstrom, Theodore C. Do university
site licenses for academic journals benefit the scientific
community?. 8p.
132001 Bergstrom, Theodore C. The algebra of assortative
encounters and the evolution of cooperation. 21p.
142001 Bergstrom, Theodore C. Evolution of social behavior:
individual and group selection models. 53p.
162001 Bergstrom, Theodore C. Free labor for costly journals?.
22p.
1/2002 Bohn, Henning. Government asset and liability management in
an era of vanishing public debt. 60p.
9/2001 Charness, Gary & Grosskopf, Brit. Cheap talk, information,
and coordination: experimental evidence. 25p.
102001 Charness, Gary, Haruvy, Erman & Sonsino, Doron. Social
distance and reciprocity: the internet vs. the laboratory.
34p.
112001 Charness, Gary & Gneezy, Uri. What's in a name? Anonymity
and social distance in dictator and ultimatum games. 21p.
122001 Deschenes, Olivier. Unobserved ability, comparative
advantage, and the rising return to education in the United
States, 1979-2000. 49p.
3/2002 Kelly, David & LeRoy, Stephen F. Liquidity and liquidation.
24p.
2/2002 Kuhn, Peter & Weinberger, Catherine. Leadership skills and
wages. 51p.
172001 Steigerwald, Douglas C. & Vagnoni, Richard J. Option market
microstructure and stochastic volatility. 53p.
BANK OF CANADA. Technical Reports.
91 Freedman, Charles & Goodlet, Clyde. The financial services
sector: an update on recent developments. 15p.
90 Murray, John & Powell, James. Dollarization in Canada: the
buck stops there. 46p.
CENTRE D'ETUDES PROS. D'ECON MATH APPLIQUEES A LA PLANIFICATION.
2001-9 Askenazy, Philippe. Minimum wage, exports and growth. 25p.
2001-6 Askenazy, Philippe, Caroli, Eve & Marcus, Vincent. New
organizational practices and working conditions: evidence
from France in the 1990s. 52p.
200110 Barinci, Jean-Paul & Cheron, Arnaud. Real business cycles
and the animal spirits hypothesis in a cash-in-advance
economy. 13p.
2001-4 Duran, Jorge & Rillaers, Alexandra. Idiosyncratic risk,
investment in human capital, and growth. 24p.
2001-8 Henin, Pierre-Yves, Jolivaldt, Philippe & Nguyen, Anh.
Testing for unit roots on heterogeneous panels: a sequential
approach. 30p.
2001-7 Petit, Pascal. Distribution and growth: can the New Left
deal with the neo-Schumpeterian "accord"? Some comments on
the French ex. 25p.
UNIVERSITY OF COPENHAGEN. Centre for Industrial Economics.
2001-6 Hansen, Jorgen D., Jensen, Camilla & Madsen, Erik S. Green
subsidies and learning-by-doing in the windmill industry.
22p.
2002-1 Roy, Jaideep & Tranaes, Torben. Unrestricted duopoly
competition: equilibrium and survival. 16p.
2002-2 Schultz, Christian. Market transparency and product
differentiation. 10p.
COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.
1349 Comte, F. & Lieberman, O. Asymptotic theory for
multivariate GARCH processes. 23p.
1346r Dubey, Pradeep & Geanakoplos, John. Competitive pooling:
Rothschild-Stiglitz reconsidered. 33p.
1345 Fair, Ray C. Bootstrapping macroeconometric models. 28p.
1340 Gilboa, Itzhak & Schmeidler, David. Cognitive foundations
of probability. 33p.
1342 Gilboa, Itzhak & Schmeidler, David. A derivation of
expected utility maximization in the context of a game.
23p.
1339 Gilboa, Itzhak & Schmeidler, David. Inductive inference: an
axiomatic approach. 45p.
1341 Gilboa, Itzhak & Schmeidler, David. Subjective
distributions. 13p.
1348 Lieberman, Offer. Penalized maximum likelihood estimation
for fractional Gaussian processes. 14p.
1351 Lieberman, Offer, Rousseau, Judith & Zucker, David M. Valid
asymptotic expansions for the maximum likelihood estimator
of the parameter of a stationary, Gaussian, strong. 34p.
1343 Shubik, Martin. Money and monetization of credit. 22p.
1347 Sun, Ning & Yang, Zaifu. On fair allocations and
indivisibilities. 28p.
1350 Yang, Zaifu. An optimal fair job assignment problem. 18p.
1344 Yariv, Leeat. Believe and let believe: axiomatic
foundations for belief dependent utility functionals. 20p.
1354 Engel, Eduardo, Fischer, Ronald & Galetovic, Alexander.
Highway franchising and real estate values. 27p.
1353 Engel, Eduardo, Fischer, Ronald & Galetovic, Alexander. How
to auction an essential facility when underhand integration
is possible. 20p.
1356 Linton, Oliver, Maasoumi, Esfandiar & Whang, Yoon-Jae.
Consistent testing for stochastic dominance: a subsampling
approach. 36p.
1355 Nordhaus, William D. The health of nations: the
contribution of improved health to living standards. 55p.
1352 Yariv, Leeat. I'll see it when I believe it: a simple model
of cognitive consistency. 45p.
1370 Andrews, Donald W.K. The block-block bootstrap: improved
asymptotic refinements. 34p.
1369 Andrews, Donald W.K. End-of-sample instability tests. 41p.
1361 Andrews, Donald W.K. & Lieberman, Offer. Valid Edgeworth
expansions for the Whittle maximum likelihood estimator for
stationary long-memory Gaussian time se. 23p.
1372 Berry, Steven, Linton, Oliver B. & Pakes, Ariel. Limit
theorems for estimating the parameters of differentiated
product demand systems. 49p.
1360 Dubey, Pradeep & Geanakoplos, John. From Nash to Walras via
Shapley-Shubik. 11p.
1358 Engel, Eduardo, Fischer, Ronald & Galetovic, Alexander.
Competition in or for the field: which is better?. 17p.
1371 Gerardi, Dino. Unmediated communication in games with
complete and incomplete information. 72p.
1365 Hu, Ling & Phillips, Peter C.B. Dynamics of the federal
funds target rates: a nonstationary discrete choice
approach. 34p.
1364 Hu, Ling & Phillips, Peter C.B. Nonstationary discrete
choice. 37p.
1359 Juhl, Ted & Xiao, Zhijie. Partially linear models with unit
roots. 51p.
1374 Lieberman, Offer & Phillips, Peter C.B. Error bounds and
asymptotic expansions for Toeplitz product functionals of
unbounded spectra. 22p.
1368 Nordhaus, William D. The mildest recession: output,
profits, and stock prices as the U.S. emerges from the 2001
recession. 33p.
1362 Phillips, Peter C.B. & Sul, Donggyu. Dynamic panel
estimation and homogeneity testing under cross section
dependence. 56p.
1363 Phillips, Peter C.B., Guo, Binbin & Xiao, Zhijie. Efficient
regression in time series partial linear models. 44p.
1367 Shimotsu, Katsumi & Phillips, Peter C.B. Exact local
Whittle estimation of fractional integration. 34p.
1366 Sun, Yixiao & Phillips, Peter C.B. Nonlinear
log-periodogram regression for perturbed fractional
processes. 38p.
1357 Tobin, James. Macroeconomic strategy in wartime. 5p.
1373 Jin, Sainan & Phillips, Peter C.B. The KPSS test with
seasonal dummies. 26p.
1375 Xiao, Zhijie, et al. More efficient kernel estimation in
nonparametric regression with autocorrelated errors. 46p.
1378 Andrews, Donald W.K. & Lieberman, Offer. Higher-order
improvements of the parametric bootstrap for long-memory
Gaussian processes. 40p.
1314r Diamond, Peter & Geanakoplos, John. Social security
investment in equities. 30p.
1382 Fair, Ray C. Risk aversion and stock prices. 18p.
1381 Fair, Ray C. & Oster, John F. Comparing the predictive
information content of college football rankings. 19p.
1380 Geanakoplos, John, Magill, Michael & Quinzii, Martine.
Demography and the long-run predictability of the stock
market. 31p.
1376 Hall, George & Rust, John. Econometric methods for
endogenously sampled time series: the case of commodity
price speculation in the steel mark. 54p.
PAGE 8
1377 Morris, Stephen & Ui, Takashi. Best reponse equivalence.
31p.
1383 Bewley, Truman. Fairness, reciprocity, and wage rigidity.
34p.
THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.
2001-2 Moav, Omer. Cheap children and the persistence of poverty.
23p.
FEDERAL RESERVE BANK OF ATLANTA. Research Department.
2002-2 Baier, Scott L., Dwyer, Gerald P. & Tamura, Robert. How
important are capital and total factor productivity for
economic growth?. 49p.
200125 Evanoff, Douglas D. & Wall, Larry D. Measures of the
riskiness of banking organizations: subordinated debt
yields, risk-based capital, and examination r. 33p.
200127 Espinosa-Vega, Marco A. & Smith, Bruce D. Socially
excessive bankruptcy costs and the benefits of interest rate
ceilings on loans. 26p.
2002-1 Ono, Hiroshi & Zavodny, Madeline. Race, internet usage, and
E-commerce. 17p.
200126 Robotti, Cesare. The price of inflation and foreign
exchange risk in international equity markets. 50p.
2002-3 Stivers, Chris & Sun, Licheng. Stock market uncertainty and
the relation beteween stock and bond returns. 38p.
2002-5 Tamura, Robert. Human capital and economic development.
65p.
2002-6 Berger, Allen N., Frame, W. Scott & Miller, Nathan H.
Credit scoring and the availability, price, and risk of
small business credit. 38p.
FEDERAL RESERVE BANK OF CHICAGO. Research Department.
200120 Aaronson, Daniel & French, Eric. The effect of part-time
work on wages: evidence from the social security rules.
27p.
200121 Crowley, Meredith A. Antidumping policy under imperfect
competition. 24p.
200116 Evans, Charles L. & Marshall, David. Economic determinants
of the nominal Treasury yield curve. 44p.
200114 Fisher, Jonas D.M. A real explanation for heterogeneous
investment dynamics. 30p.
200119 French, Eric & Jones, John B. The effects of health
insurance and self-insurance on retirement behavior. 50p.
200117 Green, Edward J. & Zhou, Ruilin. Price level uniformity in
a random matching model with perfectly patient traders.
18p.
200122 Kouparitsas, Michael A. Is the United States an optimum
currency area? An empirical analysis of regional business
cycles. 37p.
200118 Mazumder, Bhashkar. Earnings mobility in the U.S.: a new
look at intergenerational inequality. 58p.
PAGE 9
200124 Mazumder, Bhashkar. The mis-measurement of permanent
earnings: new evidence from social security earnings data.
32p.
200123 Sullivan, Daniel G. A note on the estimation of linear
regression models with heteroskedastic measurement errors.
27p.
200113 Adao, Bernardino, Correia, Isabel & Teles, Pedro. Gaps and
triangles. 24p.
2001-7 Fisher, Jonas D.M. & Hornstein, Andreas. The role of real
wages, productivity, and fiscal policy in Germany's Great
Depression, 1928-1937. 40p.
FEDERAL RESERVE BANK OF CLEVELAND. Research Department.
3 Gomme, Paul. Evaluating the macroeconomic effects of a
temporary investment tax credit. 9p.
4 Humpage, Owen F. An incentive-compatible suggestion for
seigniorage sharing with dollarizing countries. 10p.
FEDERAL RESERVE BANK OF DALLAS. Research Department.
2002-1 Guzman, Mark G., Haslag, Joseph H. & Orrenius, Pia M.
Coyote crossings: the role of smugglers in illegal
immigration and border enforcement. 35p.
2002-2 Brown, Stephen P.A., Hayes, Kathy J. & Taylor, Lori L.
State and local policy, factor markets and regional growth.
28p.
2002-3 Gruben, William C., Koo, Jahyeong & Millis, Eric. How much
does international trade affect business cycle
synchronization?. 35p.
2002-4 Kydland, Finn E. & Zarazaga, Carlos E.J.M. Argentina's
recovery and "excess" capital shallowing of the 1990s. 22p.
2002-5 Vega, Juan-Luis & Wynne, Mark A. A first assessment of some
measures of core inflation for the Euro area. 39p.
FEDERAL RESERVE BANK OF MINNEAPOLIS. Research Department.
298 Holmes, Tom. The role of cities: evidence from the
placement of sales offices. 53p.
299 Blume, Andreas & Franco, April. Learning from failure.
32p.
301 Boldrin, Michele & Levine, David K. Factor saving
innovation. 26p.
303 Boldrin, Michele & Levine, David K. Perfectly competitive
innovation. 28p.
300 Klete, Tor Jakob & Kortum, Samuel. Innovating firms and
aggregate innovation. 43p.
302 Thomas, Julia K. Is lumpy investment relevant for the
business cycle?. 31p.
304 Holmes, Thomas J. & Stevens, John J. The home market and
the pattern of trade: round three. 19p.
305 Alvarez, Fernando, Kehoe, Patrick J. & Neumeyer, Pablo. The
time consistency of monetary and fiscal policies. 57p.
306 Khan, Aubhik & Thomas, Julia K. Nonconvex factor
adjustments in equilibrium business cycle models: do
nonlinearities matter?. 42p.
PAGE 10
307 Kehoe, Patrick J. & Perri, Fabrizio. Competitive equilibria
with limited enforcement. 31p.
309 McGrattan, Ellen R. & Prescott, Edward C. Taxes,
regulations, and the value of U.S. corporations: a general
equilibrium analysis. 38p.
310 Cooper, Russell & Willis, Jonathan L. The economics of
labor adjustment: mind the gap. 30p.
311 Cooper, Russell & Kempf, Hubert. Overturning Mundell:
fiscal policy in a monetary union. 34p.
312 Prescott, Edward C. Non-convexities in quantitative general
equilibrium studies of business cycles. 38p.
FEDERAL RESERVE BANK OF PHILADELPHIA. Economic Research Division.
200116 Khan, Aubhik, King, Robert G. & Wolman, Alexander L. The
pitfalls of discretionary monetary policy. 38p.
2002-4 Caskey, John P. Check-cashing outlets in a changing
financial system. 23p.
2002-1 Freixas, Xavier & Santomero, Anthony M. An overall
perspective on banking regulation. 25p.
2002-2 Hughes, Joseph P., et al. Do bankers sacrifice value to
build empires? Managerial incentives, industry
consolidation, and financial performa. 41p.
2002-3 Croushore, Dean & Stark, Tom. Is macroeconomic research
robust to alternative data sets?. 39p.
2002-6 Chatterjee, Satyajit, et al. A quantitative theory of
unsecured consumer credit with risk of default. 58p.
2002-8 DeFina, Robert H. The impact of unemployment on alternative
poverty measures. 37p.
2002-5 Khan, Aubhik & Ravikumar, B. Enduring relationships in an
economy with capital. 30p.
200210 Hilber, Christian A.L. & Mayer, Christopher J. Why do
households without children suport local public schools?
Linking house price capitalization to school spend. 48p.
2002-9 Leitner, Yaron. Fragile financial networks: a preliminary
analysis. 47p.
200212 Carlino, Gerald & Coulson, N. Edward. Compensating
differentials and the social benefits of the NFL. 22p.
200214 Carlino, Gerald, DeFina, Robert & Sill, Keith. The cyclical
behavior of state employment during the postwar period.
38p.
200215 Croushore, Dean & Stark, Tom. Forecasting coin demand.
49p.
200211 Dedola, Luca & Leduc, Sylvain. Why are business cycles
alike across exchange rate regimes?. 37p.
200213 Leduc, Sylvain, Sill, Keith & Stark, Tom. Self-fulfilling
expectations and the inflation of the 1970s: evidence from
the Livingston Survey. 34p.
200217 Saiz, Albert. Democracy to the road: the political economy
of potholes. 30p.
200216 Saiz, Albert & Zoido, Elena. The returns to speaking a
second language. 46p.
FEDERAL RESERVE BOARD. Finance & Economics Discussion Series.
200158 Amato, Jeffery D. & Laubach, Thomas. Implications of habit
formation for optimal monetary policy. 42p.
PAGE 11
200163 Berger, Allen N., Rosen, Richard J. & Udell, Gregory F. The
effect of market size structure on competition: the case of
small business lending. 37p.
200160 Calem, Paul S. & LaCour-Little, Michael. Risk-based capital
requirements for mortgage loans. 40p.
200159 Cohen, Darrel. Linear data transformations used in
economics. 25p.
200155 Demiralp, Selva. Monetary policy in a changing world:
rising role of expectations and the anticipation effect.
49p.
2002-1 Han, Song & Mulligan, Casey B. Inflation and the size of
government. 44p.
2002-2 Han, Song. On the economics of discrimination in credit
markets. 47p.
200156 Laubach, Thomas & Williams, John C. Measuring the natural
rate of interest. 26p.
200161 Lebow, David E. & Rudd, Jeremy B. Measurement error in the
consumer price index: where do we stand?. 60p.
2002-3 Li, Wenli & Sarte, Pierre-Daniel. Growth effects of
progressive taxes. 31p.
200157 Liang, Nellie & Weisbenner, Scott. Who benefits from a bull
market? An analysis of employee stock option grants and
stock prices. 42p.
200162 Orphanides, Athanasios. Monetary policy rules,
macroeconomic stability and inflation: a view from the
trenches. 34p.
2002-4 Rigobon, Roberto & Sack, Brian. The impact of monetary
policy on asset prices. 32p.
200213 Aizcorbe, Ana. Price measures for semiconductor devices.
32p.
2002-5 Amato, Jeffery D. & Laubach, Thomas. Rule-of-thumb
behaviour and monetary policy. 50p.
200211 Carlson, Mark. Causes of bank suspensions in the panic of
1893. 35p.
200210 Cummins, Jason G. & Violante, Giovanni L.
Investment-specific technical change in the U.S.
(1947-2000): measurement and macroeconomics consequences.
55p.
200212 Figura, Andrew. The cyclical behavior of short-term and
long-term job flows. 43p.
200214 Lehnert, Andreas & Maki, Dean M. Consumption, debt and
portfolio choice: testing the effect of bankruptcy law.
89p.
2002-8 Orphanides, Athanasios. Monetary policy rules and the great
inflation. 11p.
2002-6 Pence, Karen M. 401(k)s and household saving: new evidence
from the survey of consumer finances. 40p.
2002-7 Sharpe, Steven A. How does the market interpret analysts'
long-term growth forecasts?. 22p.
2002-9 Tetlow, Robert J. & von zur Muehlen, Peter. Avoiding Nash
inflation: Bayesian and robust reponses to model
uncertainty. 28p.
200221 Aaronson, Stephanie. The rise in lifetime earnings
inequality among men. 47p.
PAGE 12
200220 Aizcorbe, Ana. Why are semiconductor prices falling so
fast? Industry estimates and implications for productivity
measurement. 26p.
200219 Canner, Glenn B., et al. Does the Community Reinvestment
Act (CRA) cause banks to provide a subsidy to some mortgage
borrowers?. 84p.
200215 Cleveland, William P. Estimated variance of seasonally
adjusted series. 9p.
200216 Figura, Andrew. Is reallocation related to the cycle? A
look at permanent and temporary job flows. 47p.
200217 Holmes, Thomas J. & Stevens, John J. Geographic
concentration and establishment size analysis in an
alternative economic geography model. 33p.
200218 Robb, Alicia & Wolken, John. Firm, owner, and financing
characteristics: differences between female- and male-owned
small businesses. 28p.
200228 Bassett, William F. & Brady, Thomas. What drives the
persistent competitiveness of small banks?. 29p.
200226 Berger, Allen N., Frame, W. Scott & Miller, Nathan H.
Credit scoring and the availability, price, and risk of
small business credit. 38p.
200225 Berger, Allen N., et al. To what extent will the banking
industry be globalized? A study of bank nationality and
reach in 20 European natio. 36p.
200222 Dupor, William D. & Lehnert, Andreas. Increasing returns
and optimal oscillating labor supply. 76p.
200224 English, William B., Nelson, William R. & Sack, Brian P.
Interpreting the significance of lagged interest rates in
estimated monetary policy rules. 27p.
200223 Holmes, Thomas J. & Stevens, John J. The home market and
the pattern of trade: round three. 19p.
200227 Orphanides, Athanasios & Williams, John C. Imperfect
knowledge, inflation expectations, and monetary policy.
34p.
200231 Berger, Allen N. & DeYoung, Robert. Technological progress
and the geographic expansion of the banking industry. 40p.
200233 Pence, Karen M. Nature or nurture: why do 401(k)
participants save differently than other workers?. 27p.
200232 Sack, Brian & Elsasser, Robert. Treasury inflation-indexed
debt: a review of the U.S. experience. 39p.
200229 Oliner, Stephen D. & Sichel, Daniel E. Information
technology and productivity: where are we now and where are
we going?. 31p.
200230 Rudd, Jeremy & Whelan, Karl. Does the labor share of income
drive inflation?. 19p.
200237 Aizcorbe, Ana, Flamm, Kenneth & Khurshid, Anjum. The role
of semiconductor inputs in IT hardware price decline:
computers vs. communications. 42p.
200241 Borzekowski, Ron. Health care finance and the early
adoption of hospital information systems. 33p.
200242 Borzekowski, Ron. Measuring the cost impact of hospital
information systems, 1987-1994. 37p.
200235 Cavalluzzo, Ken & Wolken, John. Small business loan
turndowns, personal wealth and discrimination. 32p.
PAGE 13
200243 Cummins, Jason G. & Nyman, Ingmar. The dark side of
competitive pressure. 34p.
200239 Downing, Chris & Zhang, Frank. Trading activity and price
volatility in the municipal bond market. 30p.
200234 Durham, J. Benson. The extreme bounds of the cross-section
of expected stock returns. 46p.
200240 Gurkaynak, Refet S., Sack, Brian & Swanson, Eric.
Market-based measures of monetary policy expectations. 39p.
200236 Liang, Nellie & Weisbenner, Scott. Investor behavior and
the purchase of company stock in 401(k) plans: the
importance of plan design. 53p.
200238 Palumbo, Michael, Rudd, Jeremy & Whelan, Karl. On the
relationships between real consumption, income, and wealth.
27p.
200247 Amel, Dean, et al. Consolidation and efficiency in the
financial sector: a review of the international evidence.
52p.
200250 Berger, Allen N. The economic effects of technological
progress: evidence from the banking industry. 42p.
200248 Cooper, Daniel & Woglom, Geoffrey. The S&P 500 effect: not
such good news in the long run. 24p.
200245 Covitz, Dan & Downing, Chris. Insolvency of liquidity
squeeze?: Explaining very short-term corporate yield
spreads. 40p.
200246 Covitz, Daniel M., Hancock, Diana & Kwast, Myron L. Market
discipline in banking reconsidered: the roles of deposit
insurance reform, funding manager decisions and bon. 30p.
200249 Heitfield, Erik & Prager, Robin A. The geographic scope of
retail deposit markets. 28p.
200244 Kiser, Elizabeth K. Household switching behavior at
depository institutions: evidence from survey data. 29p.
FEDERAL RESERVE BOARD. International Finance Papers.
714 Faust, Jon, Rogers, John H. & Wright, Jonathan H. Exchange
rate forecasting: the errors we've really made. 33p.
716 Berger, Brett D. Putty-putty, two-sector, vintage capital
growth models. 40p.
717 Carlson, Mark & Hernandez, Leonardo. Determinants and
repercussions of the composition of capital inflows. 48p.
718 Egli, Dominik, Ongena, Steven & Smith, David C. On the
sequencing of projects, reputation building, and
relationship finance. 39p.
715 Guerrieri, Luca. Inflation dynamics. 26p.
720 Faust, Jon, Swanson, Eric & Wright, Jonathan H. Identifying
VARs based on high frequency futures data. 42p.
719 Kim, Jinill & Henderson, Dale W. Inflation targeting and
nominal income growth targeting: when and why are they
suboptimal?. 39p.
721 Meade, Ellen E. & Sheets, D. Nathan. Regional influences on
U.S. monetary policy: some implications for Europe. 36p.
724 Bertaut, Carol C. Equity prices, household wealth, and
consumption growth in foreign industrial countries: wealth
effects in the 1990. 43p.
PAGE 14
723 Meyer, Laurence H., et al. International coordination of
macroeconomic policies: still alive in the new millennium?.
46p.
722 Warnock, Francis E. & Cleaver, Chad. Financial centers and
the geography of capital flows. 43p.
725 Berger, Allen N., et al. To what extent will the banking
industry be globalized? A study of bank nationality and
reach in 20 European natio. 36p.
726 Carey, Mark. A guide to choosing absolute bank capital
requirements. 31p.
727 Gust, Christopher & Marquez, Jaime. International
comparisons of productivity growth: the role of information
technology and regulatory practices. 47p.
729 Ahearne, Alan, et al. Preventing deflation: lessons from
Japan's experiences in the 1990s. 62p.
730 Ahmed, Shaghil, Levin, Andrew & Wilson, Beth A. Recent U.S.
macroeconomic stability: good policies, good practices or
good luck?. 53p.
728 Berger, Brett D. Finding numerical results to large scale
economic models using path-following algorithms: a vintage
capital example. 30p.
731 Reeve, Trevor A. Factor endowments and industrial
structure. 41p.
732 Wright, Jonathan H. Testing the null of identification in
GMM. 41p.
733 Gruber, Joseph W. Productivity shocks, habits, and the
current account. 23p.
737 Ahmed, Shaghil, et al. Are depreciations as contractionary
as devaluations? A comparison of selected emerging and
industrial economies. 44p.
738 Arteta, Carlos O. Exchange rate regimes and financial
dollarization: does flexibility reduce bank currency
mismatches?. 41p.
734 Guerrieri, Luca. The inflation persistence of staggered
contracts. 34p.
736 Kamin, Steven B. Identifying the role of moral hazard in
international financial markets. 48p.
735 Marazzi, Mario. On the fragility of gains from trade under
continuously differentiated Bertrand competition. 35p.
739 Faust, Jon, et al. Identifying the effects of monetary
policy shocks on exchange rates using high frequency data.
45p.
740 Rogers, John H. Monetary union, price level convergence,
and inflation: how close is Europe to the United States?.
49p.
FEDERAL TRADE COMMISSION. Bureau of Economics.
247 Adams, Christopher P. Selection of "high performance work
systems" in U.S. manufacturing. 28p.
246 Hosken, Daniel, et al. Demand system estimation and its
application to horizontal merger analysis. 33p.
245 O'Brien, Daniel P. The welfare effects of third degree
price discrimination in intermediate good markets: the case
of bargaining. 33p.
PAGE 15
248 Reiffen, David & Ward, Michael R. Generic drug industry
dynamics. 52p.
244 Thomas, Charles J. & Wilson, Bart J. The effect of offer
verifiability on the relationship between auctions and
multilateral negotiations. 28p.
249 Murphy, R. Dennis. Price and quality relationships in local
service industries. 66p.
250 Nicholson, Michael W. Intellectual property rights,
internationalization and technology transfer. 34p.
251 DeGraba, Patrick. Efficient inter-carrier compensation for
completing networks when customers share the value of a
call. 29p.
252 Adams, Christopher P. Does size really matter? Empirical
evidence on group incentives. 20p.
HITOTSUBASHI UNIVERSITY. Institute for Economic Research.
420 Choe, Chongwoo. Leverage, volatility and executive stock
options. 24p.
419 Choe, Chongwoo. Optimal executive compensation: some
equivalence results. 32p.
416 Gotoh, Reiko & Suzumura, Kotaro. Constitutional democracy
and public judgements. 26p.
417 Suzumura, Kotaro. Introduction to the Handbook of Social
Choice and Welfare. 38p.
422 Suzumura, Kotaro & Xu, Yongsheng. Recoverability of choice
functions and binary relations: some duality results. 19p.
423 Bossert, Walter, Sprumont, Yves & Suzumura, Kotaro. Upper
semicontinuous extensions of binary relations. 16p.
428 Ito, Takatoshi. Is foreign exchange intervention effective?
The Japanese experience in the 1990s. 38p.
424 Yamada, Akira & Yoshihara, Naoki. A mechanism design for a
solution to the tragedy of the commons. 33p.
UNIVERSITY OF ICELAND. Faculty of Economics & Business Admin.
200015 Agnarsson, Sveinn. Development of efficiency in Icelandic
fish processing firms: a DEA approach. 33p.
200111 Agnarsson, Sveinn. Open access to a cultural heritage: an
economic analysis of the SagaNet project. 29p.
200014 Agnarsson, Sveinn. Productivity in the Icelandic fish
processing industry, 1985-1995: a comparison of methods.
28p.
200017 Arnason, Ragnar, Magnusson, Gylfi & Agnarsson, Sveinn. The
Norwegian spring spawning herring fishery: a stylized game
model. 29p.
200016 Danielsson, Jon, Jorgensen, Bjorn N. & de Vries, Casper G.
Risk management and regulation in incomplete markets. 26p.
2001-8 Einarsson, Tor & Marquis, Milton H. Bank intermediation and
persistent liquidity effects in the presence of a
frictionless bond market. 43p.
2001-7 Einarsson, Tor & Marquis, Milton H. Bank intermediation
over the business cycle. 36p.
2001-6 Gylfason, Thorvaldur. Lessons from the Dutch disease:
causes, treament, and cures. 25p.
PAGE 16
2001-3 Hall, Asta H. & Johannsdottir, Solveig F. Generational
equality in Iceland. 21p.
2001-1 Herbertsson, Tryggvi T. The economics of early retirement.
16p.
200110 Herbertsson, Truggvi T. Shrinking labour forces and early
retirement. 11p.
2001-2 Herbertsson, Tryggvi T. & Orszag, J. Michael. The costs of
early retirement in the OECD. 15p.
2001-5 Herbertsson, Tryggvi T. & Zoega, Gylfi. The Modigliani
"puzzle". 7p.
2001-9 Herbertsson, Tryggvi T., Phelps, Edmund S. & Zoega, Gylfi.
Demographics and unemployment. 31p.
200019 Tomasson, Helgi. Computation of Bayesian estimators in ARMA
models. 17p.
200018 Tomasson, Helgi. Estimation of correlation in financial
markets when trading is infrequent. 22p.
200020 Tomasson, HElgi. Monitoring the trading intensity of a
stock market under infrequent trading. 16p.
2001-4 Zoega, Gylfi & Chen, Yu-Fu. Exchange-rate volatility as
employment protection. 18p.
INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.
200133 Andrieu, Christophe & Robert, Christian P. Controlled MCMC
for optimal sampling. 37p.
200135 Ango Nze, Patrick & Doukhan, Paul. Weak dependence: models
and applications. 20p.
200132 Blundell, Richard, et al. Collective labor supply:
heterogeneity and non-participation. 58p.
200137 Cahuc, Pierre & Malherbet, Franck. Unemployment
compensation finance and labor market rigidity. 26p.
200129 Cappe, Olivier, Robert, Christian P. & Ryden, Tobias.
Reversible jump MCMC converging to birth-and-death MCMC and
more general continuous time samplers. 17p.
200138 Choirat, Christine & Seri, Raffaello. Estimation in
discrete parameter models. 45p.
200134 Chopin, Nicolas. Sequential inference and state number
determination for discrete state-space models through
particle filtering. 26p.
200130 Fevrier, Philippe, Linnemer, Laurent & Visser, Michael. Buy
or wait, that is the option: the buyer's option in
sequential laboratory auctions. 38p.
200131 Gourieroux, Christian & Jasiak, Joanna. Local likelihood
density estimation and value at risk. 35p.
200128 Gourieroux, Christian & Robert, Christian Y. Tails and
extremal behavior of stochastic unit root models. 70p.
200139 Hong, Ian, Scaillet, Olivier & Tamer, Elie. A fast
subsampling method for nonlinear dynamic models. 32p.
200136 L'Haridon, Olivier & Malherbet, Franck. Job protection and
aggregate employment fluctuations: a reappraisal. 34p.
200144 Chopin, Nicolas & Pelgrin, Florian. Bayesian hidden Markov
analysis of the information content of the yield curve about
inflation. 15p.
200140 Diaye, Marc-Arthur & Koskievic, Jean-Max. Attitude towards
information and non-expected utility preferences: a
characterization by choice functions. 45p.
PAGE 17
200141 Mas, Andre & Menneteau, Ludovic. Perturbation approach
applied to the asymptotic study of random operators. 13p.
200143 Niang, Sophie. Density estimation in a separable metric
space. 23p.
2002-4 Bourguignon, Francois, Fournier, Martin & Gurgand, Marc.
Selection bias correction based on the multinomial logit
model. 12p.
2002-2 Duncan, Greg J., et al. Panel and pseudo-panel estimation
of cross sectional and time series elasticities of food
consumption. 21p.
2002-6 Fermanian, Jean-David, Radulovic, Dragan & Wegkamp, Marten.
Weak convergence of empirical copula processes. 23p.
2002-9 Fevrier, Philippe, Preget, Rafaele & Visser, Michael.
Econometrics of share auctions. 36p.
2002-3 Gayraud, Ghislaine & Rousseau, Judith. Nonparametric
Bayesian estimation of level sets. 19p.
2002-5 Jardet, Caroline. Why did the term structure of interest
rates lose its predictive power?. 28p.
2002-1 Malinvaud, Edmond. Kunt Wicksell and the challenges faced
by capital theory. 23p.
2002-8 Mas, Andre. Testing for the mean of random curves: from
penalization to dimension selection. 16p.
200211 Chiappori, Pierre A & Salanie, Bernard. Testing contract
theory: a survey of some recent work. 34p.
200214 Fagart, Marie-Cecile & Sinclair-Desgagne, Bernard. Auditing
policies and information systems in a principal-agent model.
31p.
200215 Fagart, Marie-Cecile. Wealth effects, moral hazard and
adverse selection in a principal-agent model. 29p.
200213 Guihenneuc, Chantal & Rousseau, Judith. Laplace expansions
in MCMC algorithms for latent variable models. 19p.
200217 Kamionka, Thierry. Asymmetry of information, market
liquidity and the activity of the specialist on the NYSE.
27p.
200216 Lardjane, Salim. Optimal speed nonparametric density
estimation for one-dimensional dynamical systems. 10p.
200218 Magnac, Thierry. Panel binary variables and individual
effects: generalizing conditional logit. 44p.
200212 Robert, Christian P. & Rousseau, Judith. A mixture aproach
to Bayesian goodness of fit. 24p.
200225 Dedecker, Jerome & Doukhan, Paul. A new covariance
inequality and applications. 21p.
200226 Doukhan, Paul & Leon, Jose R. Asymptotics for the
LP-deviation of the variance estimator of a diffusion. 20p.
200223 Fougere, Denis & Kamionka, Thierry. Bayesian inference for
the mover-stayer model in continuous time with an
application to labour market transition da. 40p.
INSTITUTO DE ESTUDIOS ECONOMICOS DE GALICIA PEDRO BARRIE de la MAZA
52 Cancelo, Jose Ramon & Uriz, Pilar. A nonparametric approach
for analyzing international cyclical comovements. 38p.
53 Cancelo, Jose Ramon & Uriz, Pilar. Regime switching models
for indicators derived from cyclical chronologies, with an
application to international cyc. 49p.
PAGE 18
IOWA STATE UNIVERSITY. Department of Economics.
2002-2 Edelman, Mark A. A preliminary assessment: 2001 court
restructuring plan impacts on three Iowa counties. 27p.
2002-5 Koesrindartoto, Deddy. Discrete double auctions with
artificial adaptive agents: a case study of an electricity
market using a double auct. 65p.
2002-4 Meyer, Rebecca, Orazem, Peter & Wachenheim, William A.
Labor supply responses to employer-provided health
insurance. 34p.
2002-3 Rousu, Matthew, et al. The value of verifiable information
in a controversial market: evidence from lab auctions of
genetically modified f. 52p.
2002-1 Tesfatsion, Leigh. Agent-based computational economics.
30p.
200211 Beghin, John C., Bureau, Jean-Christophe & Park, Sung Joon.
Food security and agricultural protection in South Korea.
36p.
200212 Doyle, Matthew. Informational externalities, strategic
delay, and the search for optimal policy. 30p.
200210 Hennessy, David A. & Lapan, Harvey E. Algebraic theory of
Pareto efficient exchange. 31p.
2002-8 Hennessy, David A. & Lapan, Harvey E. An algebraic theory
of the multiproduct firm. 34p.
2002-9 Hennessy, David A. & Lapan, Harvey E. An ordinal approach
to characterizing efficient allocations. 29p.
200213 Huffman, Wallace, et al. Should the United States regulate
mandatory labeling for genetically modified foods?. 44p.
2002-7 Lapan, Harvey E. & Melkonyan, Tigran. Trade policy under
asymmetric information. 25p.
2002-1 Rousu, Matthew, et al. Are U.S. consumers tolerant of
genetically modified (GM) foods?. 29p.
BANCA DE ITALIA. Research Department.
422 Brandolini, Andrea & Cipollone, Piero. Multifactor
productivity and labour quality in Italy, 1981-2000. 28p.
427 Brandolini, Andrea, Cipollone, Piero & Sestito, Paolo.
Earnings dispersion, low pay and household poverty in Italy,
1977-1998. 52p.
420 Bugamelli, Matteo & Pagano, Patrizio. Barriers to
investment in ICT. 35p.
418 Bugamelli, Matteo, et al. Ingredients for the new economy:
how much does finance matter?. 44p.
419 Caselli, Paola & Paterno, Francesco. ICT accumulation and
productivity growth in the United States: an analysis based
on industry data. 67p.
411 Dedola, Luca & Leduc, Sylvain. Why is the business cycle
behavior of fundamentals alike across exchange rate
regimes?. 42p.
414 Guiso, Luigi, Pistaferri, Luigi & Schivardi, Fabiano.
Insurance within the firm. 54p.
413 Krusell, Per, Kuruscu, Burhanettin & Smith, Anthony A.
Equilibrium welfare and government policy with
quasi-geometric discounting. 35p.
PAGE 19
424 Marchetti, Domenico J. & Nucci, Francesco. Labor effect
over the business cycle. 36p.
425 Neri, Stefano. Assessing the effects of monetary and fiscal
policy. 47p.
415 Paiella, Monica. Limited financial market participation: a
transaction cost-based explanation. 47p.
412 Persson, Torsten & Tabellini, Guido. Political institutions
and policy outcomes: what are the stylized facts?. 63p.
426 Rodano, Giorgio & Saltari, Enrico. Consumption and fiscal
policies: medium-run non-Keynesian effects. 32p.
423 Staderini, Alessandra. Tax reforms to influence corporate
financial policy: the case of the Italian business tax
reform of 1997-98. 30p.
417 Zollino, Francesco. Personal saving and social security in
Italy: fresh evidence from a time series analysis. 42p.
434 Altissimo, Filippo, et al. The construction of coincident
and leading indicators for the euro area business cycle.
59p.
436 Altissimo, Filippo, et al. A real time coincident indicator
of the euro area business cycle. 58p.
437 Busetti, Fabio. The use of preliminary data in econometric
forecasting: an application with the Bank of Italy Quarterly
Model. 40p.
431 Chatelain, J.B., et al. Firm investment and monetary
transmission in the euro area. 46p.
435 Cristadoro, Riccardo, et al. A core inflation index for the
euro area. 44p.
432 Ehrmann, Michael, et al. Financial systems and the role of
banks in monetary policy transmission in the euro area.
60p.
440 Focarelli, Dario. Bootstrap bias-correction procedure in
estimating long-run relationships from dynamic panels, with
an application t. 31p.
429 Gaiotti, Eugenio & Generale, Andrea. Does monetary policy
have asymmetric effects? A look at the investment decisions
of Italian firms. 55p.
430 Gambacorta, Leonardo. Bank-specific characteristics and
monetary policy transmission: the case of Italy. 39p.
438 Spadafora, Francesco. Financial crises, moral hazard and
the "speciality" of the international inter bank market.
58p.
442 Suzumura, Kotaro. Introduction to social choice and
welfare. 45p.
439 Tomat, Gian Maria. Durable goods, price indexes and quality
change: an application to automobile prices in Italy,
1988-1998. 46p.
433 van Els, Peter, et al. Monetary policy transmission in the
euro area: what do aggregate and national structural models
tell us?. 71p.
441 Zizza, Roberta. Forecasting the industrial production index
for the euro area through forecasts for the main countries.
33p.
445 Altissimo, Filippo, Gaiotti, Eugenia & Locarno, Alberto. Is
money informative? Evidence from a large model used for
policy analysis. 37p.
PAGE 20
448 Focarelli, Dario & Panetta, Fabio. Are mergers beneficial
to consumers? Evidence from the market for bank deposits.
39p.
447 Fornari, Fabio. The size of the equity premium. 54p.
444 Gerali, Andrea & Lippi, Francesco. On the `conquest' of
inflation. 21p.
443 Larcinese, Valentino. Rational ignorance and the public
choice of redistribution. 46p.
446 Prati, Alessandro & Sbracia, Massimo. Currency crises and
uncertainty about fundamentals. 54p.
449 Zaffaroni, Paolo. Contemporaneous aggregation of GARCH
processes. 52p.
LA TROBE UNIVERSITY. Department of Economics.
2001-7 Cardak, Buly A. Education choice, neoclassical growth and
class structure. 11p.
2001-6 Cardak, Buly A. Education vouchers, growth and income
inequality. 55p.
2001-5 D'Souza, Clare & Prentice, David. Auctioneer strategy and
pricing: evidence from an art auction. 24p.
2001-4 Nanere, Marthin G. & Hill, Railton. The structure and
dynamics of expectations and customer satisfaction in
channel member relationships in the Victori. 7p.
2001-3 Nanere, Marthin G. & Fraser, Iain. Total factor
productivity as a measure of weak sustainability. 27p.
2001-9 Harris, Michael. The income of nations: measurement with
(what?) theory. 55p.
2001-8 Harris, Michael. Revaluations and capital gains in the
context of natural resource accounting. 38p.
UNIVERSITE DE LAUSANNE. Dept. d'Econometrie d' Econ. Politique.
200112 Abul Naga, Ramses H. Social welfare orderings: a life-cycle
perspective. 29p.
200114 Aghion, Philippe, Bacchetta, Philippe & Banerjee, Abhijit.
A corporate balance sheet approach to currency crises. 39p.
200110 Barrios, Salvador, et al. A tale of two cycles:
co-fluctuations between U.K. regions and the Euro zone.
35p.
200113 Bacchetta, Philippe & van Wincoop, Eric. A theory of the
currency denomination of international trade. 41p.
200111 Brulhart, Marius & Trionfetti, Federico. A test of trade
theories when expenditure is home biased. 39p.
2002-8 Abul Naga, Ramses H. A test for correlation between signal
and noise within the errors in variables model. 8p.
2002-6 Arping, Stefan & Loranth, Gyongyi. Corporate leverage and
product differentiation strategy. 18p.
2002-7 Arping, Stefan. Strategic cannibalization in venture
financing. 31p.
2002-5 Danthine, Jean-Pierre & Donaldson, John B. Decentralizing
the stochastic growth model. 28p.
200210 Danthine, Jean-Pierre & Kurmann, Andre. Fair wages in a new
Keynesian model of the business cycle. 41p.
PAGE 21
2002-4 Danthine, Jean-Pierre & Donaldson, John B. A note on NNS
models: introducing physical capital; avoiding rationing.
9p.
2002-1 Von Thadden, Ernst-Ludwig. Liquidity. 16p.
2002-3 Ziegler, Alexandre. When are retail stores preferable to
auctions?. 25p.
LONDON SCHOOL OF ECONOMICS. ICERD-Devel. Econ. Discussion Series.
31 MacCulloch, Robert. Does social insurance help secure
property rights?. 39p.
30 MacCulloch, Robert. What makes a revolution?. 48p.
34 Bandiera, Oriana. Land distribution, incentives and the
choice of production techniques in Nicaragua. 36p.
33 Besley, Timothy & Burgess, Robin. Can labor regulation
hinder economic performance? Evidence from India. 49p.
32 Goldstein, Markus, de Janvry, Alain & Sadoulet, Elisabeth.
Is a friend in need a friend indeed? Inclusion and
exclusion in mutual insurance networks in Southern Ghana.
51p.
LONDON SCHOOL OF ECONOMICS. Financial Markets Group.
397 Guidolin, Massimo & Timmermann, Allan. Option prices under
Bayesian learning: implied volatility dynamics and
predictive densities. 59p.
396 Loss, Frederic. Hedging, agency cost and corporate size.
40p.
401 Abreu, Dilip & Brunnermeier, Markus K. Bubbles and crashes.
41p.
404 Acker, Daniella, Stalker, Matthew & Tonks, Ian. Spreads and
trading volumes around earning announcements. 34p.
406 Burkart, Mike, Panunzi, Fausto & Shleifer, Andrei. Family
firms. 47p.
403 Cerasi, Vittoria & Daltung, Sonja. Diversification and
delegation in firms. 33p.
402 Koufopoulos, Kostas. Asymmetric information, heterogeneity
in risk perceptions and insurance: an explanation to a
puzzle. 17p.
407 Linton, Oliver, Maasoumi, Esfandiar & Whang, Yoon-Jae.
Consistent testing for stochastic dominance: a subsampling
approach. 36p.
398 Loss, Frederic & Renucci, Antoine. The fallacy of new
business creation as a disciplining device for managers.
30p.
399 Loss, Frederic. Optimal hedging strategies and interactions
between firms. 48p.
400 Muermann, Alexander. Pricing catastrophe insurance
derivatives. 32p.
408 Rochet, Jean-Charles & Vives, Xavier. Coordination failures
and the lender of last resort: was Bagehot right after all?.
18p.
409 Rochet, Jean-Charles & Tirole, Jean. Platform competition
in two-sided markets. 47p.
PAGE 22
413 Bray, Margaret & Marseguerra, Giovanni. Dividends and
equity prices: the variance trade off. 98p.
410 Bruche, Max. A structural model of corporate bond pricing
with co-ordination failure. 32p.
405 Hon, Mark T. & Tonks, Ian. Momentum in the U.K. stock
market. 36p.
411 Inderst, Roman & Muller, Holger M. Venture capital
contracts and market structure. 35p.
412 Pesaran, M. Hashem & Timmermann, Allan. Market timing and
return prediction under model instability. 21p.
416 Heinemann, Frank, Nagel, Rosemarie & Ockenfels, Peter.
Speculative attacks and financial architecture: experimental
analysis of coordination games with public and private.
37p.
415 Iacoviello, Matteo & Ortalo-Magne, Francois. Hedging
housing risk in London. 24p.
417 Maillet, Bertrand & Michel, Thierry. How deep was the
September 2001 stock market crisis? Putting recent events
on the American and French markets into. 14p.
414 Zigrand, Jean-Pierre. Rational asset pricing implications
from realistic trading frictions. 28p.
418 Bray, Margaret & Goodhart, Charles. "You might as well be
hung for a sheep as a lamb:" the loss function of an agent.
29p.
421 Burkart, Mike & Ellingsen, Tore. In-kind finance. 32p.
419 Jurczenko, Emmanuel, Maillet, Bertrand & Negrea, Bogdan.
Skewness and kurtosis implied by option prices: a second
comment. 32p.
420 Pagratis, Spyros. Co-ordination failure and the role of
banks in the resolution of financial distress. 21p.
LONDON SCHOOL OF ECONOMICS. Int'l. Centre for Econ & Related Disc.
431 Al-Najjar, Nabil I., Anderlini, Luca & Felli, Leonardo.
Unforseen contingencies. 48p.
441 Ghatak, Maitreesh, Morelli, Massimo & Sjostrom, Tomas.
Credit rationing, wealth inequality, and allocation of
talent. 28p.
440 Piccione, Michele & Rubinstein, Ariel. Modelling the
economic interaction of agents with diverse abilities to
recognise equilibrium patterns. 11p.
439 Prat, Andrea. The wrong kind of transparency. 47p.
MACQUARIE UNIVERSITY. Department of Economics.
112001 Horne, Jocelyn. The current account debate in Australia:
changing policy perspectives. 33p.
1/2002 Heaton, Chris & Solo, Victor. Identification and estimation
of causal factor models of stationary time series. 25p.
122001 Joyeux, Roselyne. How to deal with structural breaks in
practical cointegration analysis. 11p.
2/2002 Olive, Michael. Markup, returns to scale, and the business
cycle and openness: evidence from Australian manufacturing.
22p.
PAGE 23
4/2000 Bryant, W.D.A. The equilibrium set is a small finite set
and negligible. 17p.
102001 Hawtrey, K.M. The yield spread and real economic activity:
the impact of globalisation. 23p.
5/2002 Cooray, Arusha. Financial deregulation in Sri Lanka:
implications for capital mobility. 26p.
4/2002 O'Donnell, Rod. The thick and the thin of controversy: a
critique of Bateman on Keynes. 18p.
3/2002 O'Donnell, Rod. What kind of economics graduates do we
want? A constructive critique of Hansen's proficiencies
approach. 14p.
6/2002 Cooray, Arusha. The Fisher effect: a review of the
literature. 25p.
8/2002 Olive, Michael. Is average variable cost a good proxy for
short-run marginal cost and why is it important?. 25p.
7/2002 Turnell, Sean. Keynes, economics and war: a liberal does of
realism. 21p.
9/2002 Bryant, William D.A.. Samuelson's `curious case' revisited:
it turns out to be normal - indeed generic. 31p.
UNIVERSITY OF MARYLAND. Department of Economics.
2001-3 Oates, Wallace E. A reconsideration of environmental
federalism. 48p.
UNIVERSITY OF MELBOURNE. Department of Economics.
825 Bardsley, Peter & Sherstyuk, Katerina. Rat races and glass
ceilings: career paths in organizations. 31p.
824 Borland, Jeff & McDonald, James T. Displaced workers in
Australia 1984-1996: macroeconomic conditions and structural
change. 40p.
826 Chou, Yuan K. & Chin, Martin S. Human capital, financial
innovations and growth: a theoretical approach. 30p.
823 Creedy, John & Duncan, Alan. Aggregating labour supply and
feedback effects in microsimulation. 26p.
822 Hyde, Charles E. Multinationals and the relationship
between strategic and tax transfer prices. 23p.
821 Hyde, Charles E. What motivates return policies?. 22p.
829 Aliprantis, C.D., Polyrakis, I.A. & Tourky, R. The cheapest
hedge: a portfolio dominance approach. 29p.
832 Aliprantis, Charalambos D. & Tourky, Rabee. Markets that
don't replicate any option. 6p.
827 Chang, Hsiao-Chuan. A new look at the impact of migration
on the wage differential. 26p.
835 Chou, Yuan K. & Chin, Martin S. Using a 2-sector growth
model to assess the macroeconomic consequences of financial
liberalization. 30p.
828 Frijters, Paul, Haisken-DeNew, John P. & Shields, Michael A.
The value of reunification in Germany: an analysis of
changes in life satisfaction. 35p.
830 Kells, Stuart. The Australian book auction records. 22p.
831 Lim, G.C. & McNelis, Paul D. Central bank learning, terms
of trade shocks and currency risks: should only inflation
matter for monetary policy?. 25p.
PAGE 24
833 Soupourmas, Faye & Ironmonger, Duncan. Calculating
Australia's gross household product: measuring the economic
value of the household economy, 1970-2000. 20p.
834 Stachurski, John. Random dynamical systems with
multiplicative noise. 18p.
841 Asano, Akihito. Inequality and growth: non-monotonic
effects via education and fertility. 35p.
838 Basov, Suren. Heterogeneous human capital: life cycle
investment in health and education. 22p.
843 Basov, Suren. Imitation and social learning. 23p.
840 Basov, Suren. Why do social skills matter?. 19p.
837 Chang, Hsiao-chuan. Do foreign workers have an adverse
effect on the native unskilled labour in Taiwan?. 17p.
839 Chin, Martin S. Modelling social infrastructure and growth.
32p.
842 Dixon, Robert, Freebairn, John & Lim, G.C. Why are
recessions as deep as they are? The behavior over time of
the outflow from unemployment: a new perspective. 40p.
836 Hirschberg, Joseph G., Slottje, Daniel & Arize, Augustine C.
Antitrust issues in international comparisons of market
structure. 40p.
844 Osborne, Martin J. & Tourky, Rabee. Party formation in
collective decision making. 33p.
847 Basov, Suren. Evolution of social behavior in the global
economy: the replicator dynamics with migration. 43p.
845 Brown, Sarah, et al. Risk preference and employment
contract type. 31p.
846 Dixon, Robert. A simple model of unemployment rate
dynamics. 33p.
851 Dixon, Robert. A discussion of the appropriate method for
decomposing changes over time in a weighted aggregate into
its proximate. 23p.
849 McLaren, Zoe. The effectiveness of reserve bank of
Australia foreign exchange intervention. 40p.
848 Olekalns, Nilss. The teaching of first year economics in
Australian universities. 21p.
850 Phillips, Bruce & Griffiths, William. Female earnings and
divorce rates: some Australian evidence. 29p.
853 Chang, Hsiao-Chuan. Are foreign workers responsible for the
increasing unemployment rate in Taiwan?. 23p.
855 Chou, Yuan K. The Australian growth experience (1960-2000):
R&D-based, human capital-based, or just steady state
growth?. 27p.
856 Griffiths, William. A Gibb's sampler for the parameters of
a truncated multivariate normal distribution. 16p.
857 Henry, Olan T., Olekalns, Nilss & Sheilds, Kalvinder.
Non-linear co-movements in output growth: evidence from the
United States and Australia. 10p.
858 Herbert, Ric D. & Stemp, Peter J. Reverse shooting in a
multi-dimensional setting. 35p.
854 Hirschberg, J.G. & Slottje, D.J. Bounding estimates of wage
discrimination. 24p.
852 Lye, Jenny N. & Hirschberg, Joseph G. Tests of inference
for dummy variables in regressions with logarithmic
transformed dependent variables. 16p.
PAGE 25
UNIVERSITY OF MINNESOTA. Center for Economic Research.
314 Hurwicz, Leonid & Marschak, Thomas. The informational
efficiency of finite price mechanisms. 73p.
315 McLennan, Andrew. The expected number of Nash equilibria of
a normal form game. 39p.
UNIVERSITY OF MINNESOTA. Economic Development Center.
2001-3 Glewwe, Paul. School skills and economic development:
education policies, student learning and socioeconomic
outcomes in developi. 73p.
2002-1 Diao, Xinshen, Roe, Terry & Doukkali, Rachid. Economy-wide
benefits from establishing water user right markets in a
spatially heterogeneous agricultural economy. 34p.
MONASH UNIVERSITY. Department of Econometrics & Bus. Statistics.
112001 Hyndman, Rob J., et al. Prediction intervals for
exponential smoothing state space models. 21p.
102001 Racine, Jeff & Hyndman, Rob J. Using R to teach
econometrics. 14p.
9/2002 Athnasopoulos, George & Vahid, Farshid. Statistical
inference on changes in income inequality in Australia.
23p.
2/2002 Forbes, Catherine S., Martin, Gael M. & Wright, Jill.
Bayesian estimation of a stochastic volatility model using
option and spot prices. 40p.
7/2002 Fry, Tim R.L. & Harris, Mark N. The DOGEV model. 33p.
8/2002 Hanlon, Brian & Forbes, Catherine. Model selection criteria
for segmented time series from a Bayesian approach to
information compression. 27p.
102002 Hyndman, Rob J., et al. Local linear forecasts using cubic
smoothing splines. 19p.
1/2002 Lim, G.C., Martin, G.M. & Martin, V.L. Parametric pricing
of higher order moments in S&P 500 options. 47p.
4/2002 Lim, G.C., Martin, G.M. & Martin, V.L. Pricing currency
options in tranquil markets: modelling volatility frowns.
37p.
5/2002 Shami, Roland G. & Forbes, Catherine S. Non-linear
modelling of the Australian business cycle using a leading
indicator. 26p.
3/2002 Snyder, Ralph D., et al. Exponential smoothing for
inventory control: means and variances of lead-time demand.
13p.
6/2002 Wong, Gary K.K. & McLaren, Keith R. Modelling regular and
estimable inverse demand systems: a distance function
approach. 31p.
MONASH UNIVERSITY. Department of Economics.
2/2002 Booth, D. Ross. Labour market intervention, revenue sharing
and competitive balance in the VFL/AFL (Aust. football
leagues). 36p.
PAGE 26
5/2002 Dogan, Ergun & Fausten, Dietrich K. Productivity and
technical change in Malaysian banking. 57p.
8/2002 Li, Ke & Yang, Xiaokai. A general equilibrium model with
impersonal networking decisions and bundling sales. 58p.
102002 Li, Ke, Smyth, Russell & Shuntian, Yao. Institutionalized
corruption and privilege in China's socialist market
economy: A general equilibrium analysis. 30p.
4/2002 Maitra, Pushkar. Age at marriage and total fertility in
Nepal. 36p.
7/2002 Ng, Yew-Kwang. Intertemporal impartial welfare
maximization: replacing discounting by probability
weighting. 22p.
6/2002 Ng, Yew-Kwang & Ng, Siang. Why do governments encourage
improvements in infrastructure? Indirect network
externality of transaction efficienc. 17p.
172001 Pillarisetti, J. Ram. Environmental trade and sustainable
agriculture: policy issues. 23p.
1/2002 Pillarisetti, J. Ram. World income distribution and tax
reform: do low-income countries need direct tax systems?.
28p.
3/2002 Smyth, Russell. Is Chinese provincial real GDP per capita
nonstationary? Evidence from panel data and multiple trend
break unit ro. 34p.
112002 Sun, Guang-Zhen & Ng, Yew-Kwang. Time is more precious for
the young, life is more valuable for the old. 17p.
9/2002 Yang, Xiaokai. Walrasian sequential equilibrium, bounded
rationality, and social experiments. 52p.
UNIVERSITE DE MONTREAL. Departement de Sciences Economiques.
2002-1 Bossert, Walter, Sprumont, Yves & Suzumura, Kotaro. Upper
semicontinuous extensions of binary relations. 16p.
200121 Castro, Rui & Coen-Pirani, Danielle. On the political
economy of sequential reform. 36p.
200123 Dufour, Jean-Marie & Farhat, Abdeljelil. Exact
nonparametric two-sample homogeneity tests for possibly
discrete distributions. 23p.
2002-3 Ehlers, Lars & Storcken, Ton. Arrow's theorem in spatial
environments. 34p.
200125 Ehlers, Lars. Multiple public goods and lexicographic
preferences: replacement principles. 20p.
200124 Ehlers, Lars. On fixed-path rationing methods. 6p.
200127 Ehlers, Lars & Klaus, Bettina. Probabilistic assignments of
identical indivisible objects and uniform probabilistic
rules. 25p.
200128 Gaudet, Gerard & Kanouni, Rams. Trade liberalization and
the profitability of domestic mergers. 10p.
200119 Goncalves, Silvia & White, Halbert. The bootstrap of the
mean for dependent heterogeneous arrays. 21p.
200118 Lluis, Stephanie. Wage policy of firms: an empirical
investigation. 36p.
200129 Meddahi, Nour. An eigenfunction approach for volatility
modeling. 44p.
200126 Meddahi, Nour. A theoretical comparison between integrated
and realized volatilities. 30p.
PAGE 27
200122 Ruge-Murcia, Francisco J. The inflation bias when the
central bank targets the natural rate of unemployment. 26p.
2002-2 Blackorby, Charles, Bossert, Walter & Donaldson, David. In
defense of welfarism. 18p.
200212 Bossert, Walter, Sprumont, Yves & Suzumura, Kotaro.
Consistent rationalizability. 16p.
200210 Bossert, Walter & Sprumont, Yves. Efficient and
non-deteriorating choice. 11p.
200211 Bossert, Walter, Pattanaik, Prasanta K. & Xu, Yongsheng.
Similarity of options and the measurement of diversity.
17p.
2002-8 Bouakez, Hafedh, Cardia, Emanuela & Ruge-Murcia, Francisco
J. Habit formation and the persistence of monetary shocks.
36p.
2002-5 Darolles, Serge, Florens, Jean-Pierre & Renault, Eric.
Nonparametric instrumental regression. 49p.
2002-9 Gaudet, Gerard & Salant, Stephen W. The effects of periodic
quotas limiting the stock of imports of durables. 27p.
2002-4 Maniquet, Francois & Sprumont, Yves. Fair production and
allocation of an excludable nonrival good. 14p.
2002-7 Ruge-Murcia, Francisco J. Does the Barro-Gordon model
explain the behavior of U.S. inflation? A reexamination of
the empirical evidence. 18p.
2002-6 Ruge-Murcia, Francisco J. Some implications of the zero
lower bound on interest rates for the term structure and
monetary policy. 45p.
UNIVERSITY OF MUNICH. Center for Economic Studies.
593 Ahsan, Syed M. Institutional framework and poverty: a
transition economy perspective. 27p.
612 Alstadsaeter, Annette. Does the tax system encourage too
much education?. 18p.
606 Alvarez, Luis H.R. & Koskela, Erkki. Wicksellian theory of
forest rotation under interest rate variability. 22p.
555 Anderberg, Dan. An equilibrium analysis of marriage,
divorce and risk-sharing. 35p.
574 Andersen, Torben M. European integration: a downwards bias
in employment policies?. 29p.
608 Andreassen, Harald M, et al. Assessing monetary policy in
Norway. 45p.
567 Aronsson, Thomas, Backlund, Kenneth & Lofgren, Karl-Gustaf.
International cooperation over green taxes: on the
impossibility of achieving a probability one gain. 26p.
571 Bandholz, Harm & Funke, Michael. In search of leading
indicators of economic activity in Germany. 27p.
569 Barrowclough, Diana. Spilling over and crowding out: the
effects of public sector/private sector convergence and
competition, in the pro. 31p.
599 Beetsma, Roel, Debrun, Xavier & Klaassen, Frank. Is fiscal
policy coordination in EMU desirable?. 32p.
558 Blumkin, Tomer & Sadka, Efraim. Estate taxation. 31p.
578 Bohm, Hjalmar & Funke, Michael. Does the nominal exchange
rate regime matter for investment?. 25p.
PAGE 28
564 Borensztein, Eduardo R. & Gelos, R. Gaston. A panic-prone
pack? The behavior of emerging market mutual funds. 35p.
600 Bortolotti, Bernardo, Fantini, Marcella & Siniscalco,
Domenico. Privatisation around the world: new evidence from
panel data. 42p.
619 Bradford, David. Reforming budgetary language. 34p.
566 Calthrop, Edward. On subsidising auto-commuting. 32p.
618 Castronova, Edward. Virtual worlds: a first-hand account of
market and society on the cyberian frontier. 40p.
595 Christiansen, Vidar & Smith, Stephen. The economics of
duty-free shopping. 34p.
601 Conconi, Paola & Perroni, Carlo. Issue linkage and issue
tie-in in multilateral negotiations. 28p.
577 De Grauwe, Paul & Vansteenkiste, Isabel. Exchange rates and
fundamentals: a non-linear relationship?. 38p.
588 de Mooij, Ruud & Ederveen, Sjef. Taxation and foreign
direct investment: a synthesis of empirical research. 30p.
626 Dittrich, Dennis, Guth, Werner & Maciejovsky, Boris.
Overconfidence in investment decisions: an experimental
approach. 21p.
589 Dixit, Avinash. On modes of economic governance. 38p.
559 Doherty, Neil A. & Schlesinger, Harris. Insurance contracts
and securitization. 28p.
592 Dur, Robert A.J. & Teulings, Coen N. Education and
efficient redistribution. 38p.
573 Egger, Hartmut & Falkinger, Josef. A complete
characterization of the distributional effects of
international outsourcing in the Heckscher-Ohlin model.
35p.
613 Engstrom, Per, Holmlund, Bertil & Kolm, Ann-Sofie. Optimal
taxation in search equilibrium with home production. 39p.
591 Erlenmaier, Ulrich & Gerbach, Hans. The funds concentration
effect and discriminatory bailout. 50p.
611 Evans, George W., Honkapohja, Seppo & Marimon, Ramon.
Stable sunspot equilibria in a cash-in-advance economy.
28p.
621 Fellner, Gerlinde, Guth, Werner & Maciejovsky, Boris.
Illusion of expertise in portfolio decisions: an
experimental approach. 26p.
607 Flaig, Gebhard. Trend and cycles in U.S. real GDP. 14p.
556 Flandreau, Marc & Komlos, John. How to run a target zone?
Age old lessons from an Austro-Hungarian experiment. 39p.
622 Gersbach, Hans & Liessem, Verena. Reelection threshold
contracts in politics. 29p.
576 Glazer, Amihai, Kannianen, Vesa & Niskanen, Esko. Bequests,
control rights, and cost-benefit analysis. 18p.
625 Goerke, Laszlo. Accident law: an excessive standard may be
efficient. 11p.
582 Goerke, Laszlo. Redundancy pay and collective dismissals.
19p.
584 Grimm, Veronika, Riedel, Frank & Wolfstetter, Elmar. The
third generation (UMTS) spectrum auction in Germany. 22p.
565 Guinnane, Timothy W. Delegated monitors, large and small:
the development of Germany's banking system, 1800-1914.
58p.
PAGE 29
594 Hamilton, Stephen F. & Requate, Till. Vertical structure
and strategic environmental trade policy. 18p.
620 Hehenkamp, Burkhard, Leininger, Wolfgang & Possajennikov,
Alex. Evolutionary rent-seeking. 16p.
562 Hoel, Michael & Saether, Erik M. Public health care with
waiting time: the role of supplementary private health care.
26p.
596 Ichino, Andrea & Riphahn, Regina T. The effect of
employment protection on worker effort: a comparison of
absenteeism during and after probation. 18p.
590 Janeba, Eckhard & Smart, Michael. Is targeted tax
competition less harmful than its remedies?. 23p.
563 Jeanne, Olivier & Zettelmeyer, Jeromin. International
bailouts, moral hazard, and conditionality. 28p.
617 Kirchgassner, Gebhard. The effects of fiscal institutions
on public finance: a survey of the empirical evidence. 30p.
605 Kleven, Henrik J. & Kreiner, Claus T. On the optimality of
joint taxation with household production. 22p.
560 Komlos, John & Kriwy, Peter. The biological standard of
living in the two Germanies. 20p.
585 Lejour, Arjan M., de Mooij, Ruud A. & Nahuis, Richard. E.U.
enlargement: economic implications for countries and
industries. 30p.
604 Lutkepohl, Helmut & Wolters, Jurgen. The transmission of
German monetary policy in the pre-Euro period. 23p.
572 Martimort, David & Stole, Lars. Common agency equilibria
with discrete mechanisms and discrete types. 23p.
581 Martimort, David & Stole, Lars. Contractual externalities
and common agency equilibria. 43p.
575 Martimort, David & Stole, Lars. The revelation and
delegation principles in common agency games. 17p.
597 Moraga, Jose Luis & Viaene, Jean-Marie. Procompetitive
trade policies. 33p.
614 Nam, Chang Woon & Parsche, Rudiger. Looking for appropriate
forms of intergovernmental transfers for municipalities in
transition economies. 18p.
557 Niemann, Rainer. Tax rate uncertainty and investment
behavior. 31p.
610 Peri, Giovanni. Young people, skills and cities. 30p.
580 Perry, Craig W. & Rosen, Harvey S. Insurance and the
utilization of medical services among the self-employed.
50p.
586 Prendergast, Canice & Stole, Lars. Barter, liquidity and
market segmentation. 35p.
598 Raff, Horst & von der Ruhr, Marc. Foreign direct investment
in producer services: theory and empirical evidence. 33p.
602 Redoano, Michela & Scharf, Kimberley A. The political
economy of policy centralization: direct versus
representative democracy. 27p.
624 Richter, Wolfram P. Delayed integration of mobile labor: a
principle for coordinating taxation, social security, and
social assistance. 26p.
579 Sandmo, Agnar. Bridging the tax expenditure gap: green
taxes and the marginal cost of funds. 23p.
PAGE 30
568 Santos, Georgina & Newbery, David. Urban congestion
charging: theory, practice and environmental consequences.
20p.
615 Schaltegger, Christoph A. & Feld, Lars P. On government
centralization and budget referendums: evidence from
Switzerland. 35p.
623 Sinn, Hans-Werner. The new systems competition. 24p.
603 Sinn, Hans-Werner. Risk taking, limited liability and the
competition of bank regulators. 32p.
561 Sinn, Hans-Werner & Ubelmesser, Silke. When will the
Germans get trapped in their pension system?. 19p.
583 Steigum, Erling & Thogersen, Oystein. Borrow and adjust:
fiscal policy and sectoral adjustment in an open economy.
32p.
587 Steigum, Erling. Trade unions and the burden of the public
debt. 27p.
570 van Aarle, Bas & Garretsen, Harry. Keynesian, non-Keynesian
or no effects of fiscal policy change? The EMU case. 25p.
609 Walsh, Carl E. Speed limit policies: the output gap and
optimal monetary policy. 30p.
630 Beetsma, Roel, Bettendorf, Leon & Broer, Peter. The
budgeting and economic consequences of ageing in the
Netherlands. 28p.
616 Boone, Jan, et al. Optimal unemployment insurance with
monitoring and sanctions. 26p.
628 Haufler, Andreas & Wooton, Ian. Regional tax coordination
and foreign direct investment. 23p.
627 Ochel, Wolfgang. Financial incentives to work: conceptions
and results in Great Britain, Ireland and Canada. 22p.
629 Uhlig, Harald. Did the Fed surprise the markets in 2001? A
case study for VARs with sign restrictions. 23p.
NATIONAL BUREAU OF ECONOMIC RESEARCH. Working Papers.
8635 Abel, Andrew B. On the invariance of the rate of return to
convex adjustment costs. 19p.
8649 Abel, Andrew B. On the invariance of the rate of return to
convex adjustment costs. 19p.
8646 Alesina, Alberto, Angeloni, Ignazio & Etro, Federico.
Institutional rules for federations. 42p.
8645 Alesina, Alberto, Angeloni, Ignatio & Etro, Federico. The
political economy of international unions. 51p.
8647 Alesina, Alberto, Angeloni, Ignazio & Schuknecht, Ludger.
What does the European Union do?. 37p.
8631 Aizenman, Joshua & Marion, Nancy. The merits of horizontal
versus vertical FDI in the presence of uncertainty. 37p.
8643 Ang, Andrew, Chen, Joseph & Xing, Yuhang. Downside risk and
the momentum effect. 46p.
8660 Angrist, Joshua D. & Kugler, Adriana D. Protective or
counter-productive? European labor market institutions and
the effect of immigrants on EU natives. 48p.
8618 Apfel, Robert C., et al. Short sales, damage and class
certification in 10B-5 actions. 41p.
8681 Atkeson, Andrew & Kehoe, Patrick J. The advantage of
transparent instruments of monetary policy. 39p.
PAGE 31
8676 Atkeson, Andrew & Kehoe, Patrick J. The transition to a new
economy after the second Industrial Revolution. 53p.
8658 Baker, Michael, Gruber, Jonathan & Milligan, Kevin. The
retirement incentive effects of Canada's income security
programs. 47p.
8638 Bar-Ilan, Avner & Sacerdote, Bruce. The response to fines
and probability of detection in a series of experiments.
42p.
8661 Bebchuk, Lucian A., Fried, Jesse M. & Walker, David I.
Executive compensation in America: optimal contracting or
extraction of rents?. 109p.
8703 Bebchuk, Lucian A. & Hamdani, Assaf. Optimal defaults for
corporate law evolution. 42p.
8633 Bebchuk, Lucian & Hart, Oliver. Takeover bids vs. proxy
fights in contests for corporate control. 40p.
8619 Bivins, Laura L. & Krishna, Kala. Transferability of
migration licenses and the distribution of potential rents.
30p.
8685 Bloom, David E., Canning, David & Sevilla, Jaypee. Economic
growth and the demographic transition. 87p.
8640 Boersch-Supan, Axel. Labor market effects of population
aging. 38p.
8620 Borenstein, Severin, et al. Trading inefficiencies in
California's electricity markets. 42p.
8652 Bris, Arturo & Welch, Ivo. The optimal concentration of
creditors. 42p.
8594 Carow, Kenneth A. & Kane, Edward J. Event-study evidence of
the value of relaxing longstanding regulatory on banks,
1970-2000. 40p.
8695 Carroll, Christopher D. The epidemiology of macroeconomic
expectations. 47p.
8615 Chattapadhyay, Raghabendra & Duflo, Esther. Women as policy
makers: evidence from a India-wide randomized policy
experiment. 39p.
8632 Chernew, Michael, Gowrisankaran, Gautam & Fendrick, A. Mark.
Payer type and the returns to bypass surgery: evidence from
hospital entry behavior. 34p.
8655 Choi, James J., et al. Defined contribution pensions: plan
rules, participant decisions, and the path of least
resistance. 56p.
8651 Choi, James J., et al. For better or for worse: default
effects and 401(k) savings behavior. 49p.
8596 Clark, Gregory & Feenstra, Robert. Technology in the great
divergence. 59p.
8693 Coate, Stephen. Political competition with campaign
contributions and informative advertising. 50p.
8627 Costa, Dora L. & Kahn, Matthew E. Cowards and heroes: group
loyalty in the American Civil War. 34p.
8621 Currie, Janet & Fahr, John. Hospitals, managed care, and
the charity caseload in California. 46p.
8629 Das, Sanghamitra, Roberts, Mark J. & Tybout, James R.
Market entry costs, producer heterogeneity, and export
dynamics. 52p.
8637 Davis, Donald R. & Weinstein, David E. The factor content
of trade. 43p.
PAGE 32
8698 Desai, Mihir A., Foley, C. Fritz & Hines, James R. Dividend
policy inside the firm. 62p.
8697 Dranove, David, et al. Is more information better? The
effects of `report cards' on health care providers. 31p.
8710 Duflo, Esther. The medium run effect of educational
expansion: evidence from a large school construction program
in Indonesia. 54p.
8671 Edwards, Sebastian & Magendzo, I. Igal. Dollarization,
inflation and growth. 21p.
8691 Farrelly, Matthew C., Pechacek, Terry F. & Chaloupka, Frank
J. The impact of tobacco control program expenditures on
aggregate cigarette sales, 1981-1998. 32p.
8634 Frankel, Jeffrey A. & Roubini, Nouriel. The role of
industrial country policies in emerging market crises.
110p.
8628 Fuchs, Victor R., McClennan, Mark & Skinner, Jonathan. Area
differences in utilization of medical care and mortality
among U.S. elderly. 60p.
8696 Glaesser, Edward L. & Shapiro, Jesse M. Cities and warfare:
the impact of terrorism on urban form. 30p.
8613 Glaesser, Edward L. Public ownership in the American city.
43p.
8650 Glaesser, Edward L. & Shleifer, Andrei. The rise of the
regulatory state. 39p.
8686 Goetzmann, William N. & Kumar, Alok. Equity portfolio
diversification. 37p.
8612 Goetzmann, William N, Li, Ling-feng & Rouwenhorst, K. Geert.
Long-term global market correlations. 50p.
8678 Graham, John R. & Harvey, Campbell R. Expectations of
equity risk premia, volatility and asymmetry from a
corporate finance perspective. 38p.
8705 Gray, Wayne B. & Shadbegian, Ronald J. When do firms shift
production across states to avoid environmental regulation?.
30p.
8657 Gruber, Jonathan. Taxes and health insurance. 44p.
8675 Harrigan, James. Specialization and the volume of trade: do
the data obey the laws?. 56p.
8690 Holden, Steinar & Driscoll, John C. A note on inflation
persistence. 13p.
8648 Irwin, Douglas A. & Pavcnik, Nina. Airbus versus Boeing
revisited: international competition in the aircraft market.
38p.
8689 Irwin, Douglas A. The optimal tax on antebellum U.S. cotton
exports. 27p.
8692 Irwin, Douglas A. The welfare cost of autarky: evidence
from the Jeffersonian trade embargo, 1807-1809. 25p.
8682 Jagannathan, Ravi, Kaplin, Andrew & Sun, Steve G. An
evaluation of multi-factor CIR models using LIBOR, swap
rates, and cap and swaption prices. 42p.
8626 Jofre-Bonet, Mireia & Pesendorfer, Martin. Estimation of a
dynamic auction game. 55p.
8688 Kaplow, Louis & Shavell, Steven. Moral rules and the moral
sentiments: toward a theory of an optimal moral system.
59p.
PAGE 33
8609 Kogan, Leonid & Uppal, Raman. Risk aversion and optimal
portfolio policies in partial and general equilibrium
economies. 34p.
8694 Kroszner, Randall S. & Strahan, Philip E. Throwing good
money after bad? Board connections and conflicts in bank
lending. 38p.
8656 Lanjouw, Jean O. & Schankerman, Mark. Enforcing
intellectual property rights. 44p.
8677 Lichtenberg, Frank R. The effect of new drugs on mortality
from rare diseases and HIV. 27p.
8625 Liebman, Jeffrey B. Redistribution in the current U.S.
Social Security system. 41p.
8665 Lipsey, Robert E. Foreign direct investment and the
operations of multinational firms: concepts, history, and
data. 56p.
8642 Lundberg, Shelly & Pollak, Robert A. Efficiency in
marriage. 26p.
8622 McGrattan, Ellen R. & Prescott, Edward C. The stock market
crash of 1929: Irving Fisher was right!. 37p.
8623 McGrattan, Ellen R. & Prescott, Edward C. Taxes,
regulations and asset prices. 48p.
8644 Mairesse, Jacques & Mohnen, Pierre. To be or not to be
innovative: an exercise in measurement. 38p.
8614 Mankiw, N. Gregory & Reis, Ricardo. Sticky information: a
model of monetary noneutrality and structural slumps. 40p.
8701 Mayer, Christopher & Sinai, Todd. Network effects,
congestion externalities, and air traffic delays: or why all
delays are not evil. 52p.
8617 Mishkin, Frederic S. The transmission mechanism and the
role of asset prices in monetary policy. 21p.
8639 Mocan, H. Naci & Gittings, R. Kaj. Pardons, executions and
homicide. 44p.
8654 Morck, Randall & Yang, Fan. The mysterious growing value of
S&P 500 membership. 48p.
8668 Morton, Fiona S., Zettelmeyer, Florian & Silva-Risso, Jorge.
Consumer information and price discrimination: does the
Internet affect the pricing of new cars to women and minori.
33p.
8653 Myers, Mary M, et al. Copycat funds: information disclosure
regulation and the returns to active management in the
mutual funds industry. 31p.
8663 Neumark, David & Kawaguchi, Daiji. Attrition bias in
economic relationships estimated with matched CPS files.
43p.
8616 Niederle, Muriel & Roth, Alvin E. Unraveling reduces the
scope of an entry level labor market: gastroenterology with
and without a centralized match. 28p.
8630 Ofek, Eli & RIchardson, Matthew. Dotcom mania: the rise and
fall of internet stock prices. 56p.
8679 Paasche, Bernhard & Zin, Stanley E. Competition and
intervention in sovereign debt markets. 39p.
8680 Pinkowitz, Lee, Stulz, Rene M. & Williamson, Rohan.
Corporate governance and the home bias. 33p.
8610 Poterba, James M., Venti, Steven F. & Wise, David A. The
transition to personal accounts and increasing retirement
wealth: macro and micro evidence. 90p.
PAGE 34
8670 Powers, Elizabeth T. & Neumark, David. The Supplemental
Security Income program and incentives to take up Social
Security early retirement: empirical evid. 43p.
8664 Prendergast, Canice. Selection and oversight in the public
sector, with the Los Angeles Police Department as an
example. 40p.
8708 Rauch, James E. & Watson, Joel. Entrepreneurship in
international trade. 36p.
8659 Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa. Why
international equity inflows to emerging markets are
inefficient and small relative to international debt inflo.
21p.
8687 Reiss, Peter C. & White, Matthew W. Household electricity
demand, revisited. 54p.