Acquisitions - January-December 1999

     UNIVERSITY OF ADELAIDE.  Department of Economics.                  

     99-1   Hughes, Anthony W., King, Maxwell L. & Teng, Kwek Kian.     
            Selecting the order of an ARCH model.  10p.                 
     9818   Richardson, Sue.  Households, individuals and low wages.    
            28p.                                                        

     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     98-5   Tamaschke, R., Docwra, G. & Stillman, R.  Greenhouse gas    
            emissions and the competitive supply costs of electricity to
            class customers in a widespread sparsel.  22p.              
     99-3   Jenkins, Alexander W.  Integrating loss of estate and       
            dependency claims: economic assessments within the context  
            of Alberta's fatal accide.  13p.                            
     99-2   Landon, Stuart & Smith, C.E.  The risk premium, exchange    
            rate expectations, and the forward exchange rate: estimates 
            for the yen-dollar rate.  38p.                              
     99-1   Lindsey, Robin & West, Douglas S.  Predatory pricing in a   
            spatial market.  50p.                                       
     99-5   de Palma, Andre & Lindsey, Robin.  Competition between      
            congestible facilities and strategic choice of usage pricing
            technology.  63p.                                           
     99-4   Lindsey, Robin & Verhoef, Erik.  Congestion modelling.  25p.

     UNIVERSITY OF ALBERTA.  Institute for Public Economics.            

     99-1   van Egteren, Henry & Smith, R. Todd.  Strict liability      
            versus negligence in the harmonization of environmental     
            regulation.  41p.                                           
     99-2   LaCasse, Chantale, Ponsati, Clara & Barham, Vicky.  Chores. 
            48p.                                                        

     UNIVERSIDAD DE ALICANTE.  Dept. de Fundamentos de Analisis Econ.   

     9826   Alepuz, Dolores, Sempere-Monerris, Jose J. & Urbano, Amparo.
             Duopoly price communication.  43p.                         
     9825   Amoros, Pablo & Moreno, Bernardo.  Implementation of optimal
            contracts under adverse selection.  46p.                    
     9902   Chattopadhyay, Subir.  Information, stabilization and       
            welfare: the case of sunspots.  21p.                        
     9901   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and endogenous mergers in oligopoly.  25p.                  
     9903   Gonzalez-Maestre, Miguel & Lopez-Cunat, Javier.  Delegation 
            and mergers in oligopoly.  11p.                             
     9827   Urbano, Amparo & Vila, Jose E.  Unmediated communication in 
            repeated games with imperfect monitoring.  47p.             
     9911   Alba-Ramirez, Alfonso & Collado, Lola.  Do wives' earnings  
            contribute to reduce income inequality?: evidence from      
            Spain.  22p.                                                
     9913   Diaz, Antonia & Fauli-Oller, Ramon.  Competition and        
            privatization.  23p.                                        
     9904   Garella, Paolo G. & Peitz, Martin.  Intermediation can      
            replace certification.  46p.                                
     9910   Laruelle, Annick.  On the choice of a power index.  29p.    
     9905   Moner-Colonques, Rafael, Sempere-Monerris, Jose J. & Urbano,
            Amparo.  Strategic policy and international economic        
            integration.  39p.                                          
     9906   Peitz, Martin.  The circular road revisited: uniqueness and 
            supermodularity.  26p.                                      
     9908   Pena, Daniel & Sanchez, Ismael.  Properties of predictors in
            overdifferenced nearly nonstationary autoregression.  27p.  
     9909   Puy, M. Socorro.  Equilibrium in mobility and redistribution
            models.  32p.                                               
     9912   Tomas, Josefa.  Regret theory and the provision of binary   
            public goods: experimental analysis.  24p.                  
     9907   Urbano, Amparo & Vila, Jose E.  Unmediated talk under       
            incomplete information.  45p.                               
     9916   Alcalde, Jose & Romero-Medina, Antonio.  Sequential         
            decisions in the college admissions problem.  13p.          
     9915   Chattopadhyay, Subir & Gottardi, Piero.  Stochastic         
            overlapping generations models, market structure and        
            optimality.  43p.                                           
     9914   Halevy, Yoram & Feltkamp, Vincent.  A Bayesian approach to  
            uncertainty aversion.  25p.                                 

     ATHENS UNIVERSITY OF ECONOMICS & BUSINESS.  Dept. of Economics.    

     103    Caraveli, Helen.  Testing the intensification hypothesis for
            EU agriculture.  20p.                                       
     102    Magoula, Theocharoula & Prodromidis, Kyprianos P.  Education
            and economic growth in Greece.  18p.                        
     104    Petrakos, George, Caraveli, Helen & Mardakis, Prodromos.    
            Recent developments in the Greek system of urban centres.   
            21p.                                                        
     106    Drandakis, Emmanuel.  The envelope theorem in its proper    
            perspective.  34p.                                          
     107    Vlassis, Minas.  "Efficient bargains" as a wage-compliance  
            device in industries with market power.  32p.               
     108    Baltas, Nicholas C. & Xepapadeas, Anastasios.  Accelerating 
            vehicle replacement and environmental protection: the case  
            of passenger cars in Greece.  20p.                          
     110    Kollintzas, Tryphon, Philippopoulos, Apostolis &            
            Vassillatos, Vanghelis.  Is tax policy coordination         
            necessary?.  30p.                                           
     109    Kollintzas, Tryphon, Philippopoulos, Apostolis & Vasillatos,
            Vanghelis.  Normative aspects of fiscal policy in an        
            economic union: a theoretical review.  15p.                 
     111    Lianos, Theodore P.  Illegal migrants to Greece and their   
            choice of destination.  21p.                                

     UNIVERSITY OF AUCKLAND.  Department of Economics.                  

     173    Bandyopadhyay, Debasis.  Distribution of human capital and  
            economic growth.  58p.                                      
     194    Bandyopadhyay, Debasis.  Industry premium: what do we know  
            and what the New Zealand data say.  38p.                    
     192    Bandyopadhyay, Debasis & Basu, Parantap.  Redistributive tax
            and growth in a model with discrete occupational choice.    
            37p.                                                        
     193    Phillips, Peter C.B.  Discrete Fourier transforms of        
            fractional processes.  57p.                                 
     184    Phillips, Peter C.B.  New unit root asymptotics in the      
            presence of deterministic trends.  25p.                     

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     350    Benge, Matt & Wells, Graeme.  Growth in a small open        
            economy.  27p.                                              
     351    Che, Tuong Nhu, Kompas, Tom & Vousden, Neil.                
            Liberalisation, incentives and Vietnamese agricultural      
            growth.  37p.                                               
     347    Dennis, Richard.  Instability under nomimal GDP targeting:  
            the role of expectations.  32p.                             
     354    Francis, Johanna & Kompas, Tom.  Uzawa's transformation and 
            optimal control problems with variable rates of time        
            preference.  19p.                                           
     352    Gower, Luke & Wilson, Dominic.  Non-performing assets and   
            capital accumulation.  20p.                                 
     358    Harrison, Mark & Kline, J. Jude.  Quantity competition with 
            access fees.  27p.                                          
     359    Jones, Chris.  Subsidising private contributions to a pure  
            public good: a diagrammatic analysis.  17p.                 
     357    Kline, J. Jude.  Carrot and stick games.  34p.              
     355    Kline, J. Jude.  Heterogeneous or homogeneous quantity      
            competition.  8p.                                           
     356    Kline, J. Jude.  Research joint ventures and the cost       
            paradox.  15p.                                              
     349    Mailath, George J. & Morris, Stephen.  Repeated games with  
            imperfect private monitoring: notes on a coordination       
            perspective.  27p.                                          
     348    Menezes, Flavio M., Monteiro, Paulo K. & Temimi, Akram.     
            Discrete public goods with incomplete information.  16p.    
     364    Benge, Matt.  Marginal excess burden of taxes on capital and
            on labour income in a small open economy.  33p.             
     361    Dennis, Richard.  Conditionally optimal rules in a simple   
            closed economy model under discretion and commitment.  42p. 
     362    Dennis, Richard.  Optimal and conditionally optimal         
            targeting rules for small open economies.  42p.             
     363    Menezes, Flavio.  Auctions of identical objects with        
            single-unit demands: a survey.  26p.                        
     366    Menezes, Flavio & Monteiro, Paulo K.  Synergies and price   
            trends in sequential auctions.  18p.                        
     365    Pitchford, Rohan & Snyder, Christopher M.  Property rights, 
            incomplete contracts, and social harm.  43p.                
     367    Tyers, Rod & Yang, Yongzheng.  European unemployment U.S.   
            wages and the Asian emergence.  31p.                        
     369    Benge, Matt.  Gains to Australian shareholders from         
            perturbations in corporate financial policy.  30p.          
     371    Benge, Matt.  The Ralph Report depreciation proposals and   
            investment neutrality.  23p.                                
     370    Crossley, Thomas F., McDonald, James T. & Worswick,         
            Christopher.  Immigrant benefit receipt: sensitivity to the 
            choice of survey years and model specification.  21p.       
     368    Grant, Simon & Quiggin, John.  The risk premium for equity: 
            implications for Clinton's proposed diversification of the  
            Social Security trust fund.  12p.                           
     373    Jones, Chris.  Miller's equilibrium and uncertainty.  17p.  
     372    Yang, Yongzheng & Tyers, Rod.  The Asian recession and      
            northern labour markets.  29p.                              
     376    Browning, Martin & Crossley, Thomas.  Shocks, stocks and    
            socks: consumption smoothing and the replacement of durables
            during an unemployment spell.  46p.                         
     375    Grant, Simon, Kajii, Atsushi & Polak, Ben.  Third down with 
            a yard to go: the Dixit-Skeath conundrum on equilibria in   
            competitive games.  9p.                                     
     374    McCalman, Phillip.  Reaping what you sow: an empirical      
            analysis of international patent harmonization.  49p.       

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9825   Andres, Javier, Hernando, Ignacio & Lopez-Salido, J. David. 
            The long-run effect of permanent disinflations.  55p.       
     9902   Andres, J., Lopez-Salido, J.D. & Valles, J.  The liquidity  
            effect in a small open economy model.  45p.                 
     9903   Bover, Olympia & Gomez, Ramon.  Another look at unemployment
            duration: long-term unemployment and exit to a permanent    
            job.  74p.                                                  
     9908   Bover, Olympia & Arellano, Manuel.  Learning about migration
            decisions from the migrants: an exercise in endogenous      
            sampling & complementary datasets.  52p.                    
     9909   Bover, Olympia & Velilla, Pilar.  Migrations in Spain:      
            historical background and current trends.  47p.             
     9905   Mazon, Cristina & Nunez, Soledad.  Of the optimality of     
            Treasury bond auctions: the Spanish case.  46p.             
     9906   Watson, Nadine.  Bank lending channel evidence at the firm  
            level.  40p.                                                
     9911   Alvarez, Luis J. & Matea, M. de los Llanos.  Underlying     
            inflation measures in Spain.  46p.                          
     9913   Alberola, Enrique & Marques, Jose Manuel.  On the relevance 
            and nature of regional inflation differentials: the case of 
            Spain.  41p.                                                
     9912   Kaiser, Regina & Maravall, Agustin.  Estimation of the      
            business cycle: a modified Hodrick-Prescott filter.  41p.   
     9915   Kaiser, Regina & Maravall, Agustin.  Seasonal outliers in   
            time series.  34p.                                          
     9914   Maravall, Agustin.  An application of TRAMO and SEATS:      
            report for the seasonal adjustment research appraisal       
            project.  142p.                                             
     9916   Alberola, Enrique & Lopez, Humberto.  Internal and external 
            exchange rate equilibrium in a cointegration framework: an  
            application to the Spanish peseta.  30p.                    
     9918   Kaiser, Regina & Maravall, Agustin.  Short-term and         
            long-term trends, seasonal adjustment, and the business     
            cycle.  126p.                                               
     9917   Vinals, Jose & Valles, Javier.  On the real effects of      
            monetary policy.  43p.                                      
     9919   Andres, J., Lopez-Salido, J.D. & Valles, J.  Intertemporal  
            substitution and the liquidity effect in a sticky price     
            model.  38p.                                                


                                                           PAGE   5


     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     9814   Daigo, Satoshi, Yonetani, Tatsuya & Marumo, Kouhei.  Banks' 
            recapitalization policies in Japan and their impact on the  
            market.  27p.                                               
     9815   Diewert, W.E. & Fox, Kevin J.  The productivity paradox and 
            mismeasurement of economic activity.  26p.                  
     9816   Jones, Charles I.  The Japanese economy in a world of       
            knowledge-based growth.  30p.                               
     99-1   Kitamura, Yukinobu & Kobayakawa, Shuji.  Risk accumulation, 
            contagion and the rules for bank failure.  46p.             
     9817   Kosters, Marvin H.  Wages and job trends in the U.S. labor  
            market: an assessment.  45p.                                
     99-2   Muranaga, Jun & Shimuzu, Tokiko.  Effect of trading halt    
            system on market functioning: simulation analysis of market 
            behavior with artificial shutdow.  55p.                     
     9818   Nishimura, Kiyohiko G., Watanabe, Toshiaki & Iwatsubo,      
            Kentaro.  Effects of the developments of knowledge-based    
            economy on asset price movements : theory & evidence in the 
            Japanese.  35p.                                             
     99-3   Shimuzu, Tokiko & Ui, Takashi.  Contagious expectations and 
            malfunctions of markets: some lessons from Japanese         
            financial institution failures of 1.  21p.                  
     99-4   Bryan, Michael F. & Cecchetti, Stephen G.  The monthly      
            measurement of core inflation in Japan.  36p.               
     99-6   Fujiki, Hiroshi, Green, Edward J. & Yamazaki, Akira.        
            Sharing the risk of settlement failure: synopsis.  13p.     
     99-7   Marquis, Milton H.  The joint and several effects of        
            liquidity constraints, financing constraints, and financial 
            intermediation on the .  27p.                               
     99-5   Mio, Hitoshi & Higo, Masahiro.  Underlying inflation and the
            distribution of price changes: evidence from the Japanese   
            trimmed mean CPI.  45p.                                     
     99-8   Milhaupt, Curtis J.  Japan's experience with deposit        
            insurance and failing banks: implications for financial     
            regulatory design?.  42p.                                   
     9912   Gordon, Robert J.  Monetary policy in the age of information
            technology.  48p.                                           
     9911   Jorgenson, Dale W. & Yip, Eric.  Whatever happened to       
            productivity investment and growth in the G-7?.  75p.       
     9910   Kuroda, Masahiro & Nomura, Koji.  An explanation of the     
            productivity paradox: total factor productivity spillover   
            through capital accumulation.  44p.                         
     9915   Muranaga, Jun & Shimizu, Tokiko.  Expectations and market   
            microstructure when liquidity is lost.  17p.                
     9916   Muranaga, Jun.  Dynamics of market liquidity of Japanese    
            stocks: an analysis of tick-by-tick data of the Tokyo Stock 
            Exchange.  32p.                                             
     9914   Muranaga, Jun & Shimizu, Tokiko.  Market microstructure and 
            market liquidity.  36p.                                     
     9913   Stock, James H.  Monetary policy in a changing economy:     
            indicators, rules, and the shift towards intangible output. 
            36p.                                                        




                                                           PAGE   6

     99-9   Varian, Hal R.  Markets for information goods.  17p.        
     9919   Kobayakawa, Shuji & Nakamura, Hisashi.  A theoretical       
            analysis of narrow banking proposals.  25p.                 
     9918   Kuwayama, Patricia H.  Postal banking in the United States  
            and Japan: a comparative analysis.  47p.                    
     9920   Okina, Kunio.  Monetary policy under zero inflation: a      
            response to criticisms and questions regarding monetary     
            policy.  31p.                                               
     9921   Shiratsuka, Shigenori.  Asset price fluctuations and price  
            indices.  37p.                                              
     9917   Yonetani, Tatsuya & Oda, Nobuyuki.  Usefulness of market    
            information and accounting information from the perspective 
            of bank supervisory policy.  25p.                           
     9922   Higo, Masahiro.  What can inflation expectations and core   
            inflation tell us about monetary policy in Japan?.  23p.    
     9926   Bhala, Raj.  International dimensions of Japanese insolvency
            law: a contextual approach.  85p.                           
     9927   Gordon, Robert J.  The Boskin Commission Report and its     
            aftermath.  35p.                                            
     9924   Higo, Masahiro & Nakada, Sachiko K.  What determines the    
            relation between output gap and inflation?: an international
            comparison of inflation expectatio.  34p.                   
     9928   McKinnon, Ronald I., Meltzer, Allan H. & Okina, Kunio.      
            Monetary policy under zero inflation: a response to         
            criticisms and questions regarding monetary policy: comments
            an.  22p.                                                   
     9925   Roberds, William.  The incentive effects of settlement      
            systems: a comparison of gross settlement, net settlement,  
            and gross settlement.  36p.                                 
     9923   Shiratsuka, Shigenori.  Measurement errors in the Japanese  
            consumer price index.  54p.                                 

     UNIVERSIDAD AUTONOMA DE BARCELONA.  Dept. de Economia et de Emet.  

     424    Brandts, Jordi & Charness, Gary.  Hot vs. cold: sequential  
            responses and preference stability in experimental games.   
            11p.                                                        
     425    Brandts, Jordi & Sola, Carles.  Reference points and        
            negative reciprocity in simple sequential games.  28p.      
     422    Burguet, Roberto.  Auction theory: a guided tour.  49p.     
     423    Garcia-Alonso, Maria del Carmen.  The role of technology    
            security in a model of trade with horizontal                
            differentiation.  29p.                                      

     UNIV. DE BARCELONA.  Div. de Ciencies Juridiques, Econ i Socials.  

     44     Alvarez-Albelo, Carmen & Diaz-Serrano, Lluis.  Human capital
            and consumption over the life cycle: a synthesis.  37p.     
     42     Conesa, Juan Carlos & Carriga, Carlos.  Reforma del sistema 
            de seguridad social y adquisicion de formacion.  31p.       
     36     Conesa, Juan Carlos & Krueger, Dirk.  Voting on social      
            security reform with heterogeneous agents.  33p.            
     37     Fontanals, Hortensia, Galisteo, Merche & Gomez del Valle,   
            Lourdes.  Dynamics of the term structure of interest rates: 
            a two-factor model.  16p.                                   



                                                           PAGE   7

     33     Guillen-Estany, Montserrat & Bolance-Losilla, Catalina.  An 
            application to the transformed kernel density estimation to 
            labor earnings in Spain.  43p.                              
     32     Manresa, Antonio.  Can we identify Walrasian allocations?.  
            22p.                                                        
     41     Sole Olle, Albert.  The effects of tax deductability on the 
            mix of property taxes and user charges: an empirical        
            analysis of the Spanis.  38p.                               
     31     Vaya, Esther, Lopez-Bazo, Enrique & Artis, Manuel.  Growth  
            convergence and (why not?) regional externalities.  22p.    

     BEN GURION UNIVERSITY.  Monaster Center for Economic Research.     

     98-9   Arnon, A. & Spivak, A.  Economic aspects of the Oslo peace  
            process: the disappointing consequences of an incomplete    
            agreement.  17p.                                            
     98-6   Gradstein, M.  An economic rationale for public education:  
            the value of commitment.  14p.                              
     98-7   Gradstein, M.  Optimal taxation and fiscal constitution.    
            21p.                                                        
     98-5   Gutierrez, A.P., Regev, U. & Zilberman, D.  Examining God's 
            utility function: why nature knows how to manage renewable  
            resources but humans might not.  21p.                       
     99-1   Avishur, Arieh & Tsoref, Yigal.  On the predictability of   
            kibbutz financial distress: a principal component analysis  
            with bootstrap confidence...  70p.                          
     99-4   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     99-3   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     99-5   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  On the    
            core of an economy with differential information.  11p.     
     99-2   Tsur, Yacov & Zemel, Amos.  Sustainable water policies and  
            the optimal development of desalination technologies.  31p. 
     99-6   Hochman, Oded, Pines, David & Ruffle, Bradley.  The         
            agglomeration of clubs.  32p.                               
     99-8   Moldovanu, Benny & Sela, Aner.  The optimal allocation of   
            prizes in contests.  21p.                                   
     99-7   Perez-Castrillo, David & Wettstein, David.  Bidding for the 
            surplus: a non-cooperative approach to the Shapley value.   
            20p.                                                        
     9911   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.            
            Information advantage in Cournot oligopoly.  15p.           
     99-9   Gradstein, Mark & Justman, Moshe.  Public schooling, social 
            capital and growth.  16p.                                   
     9910   Kaplan, Todd R. & Ruffle, Bradley J.  The self-serving bias 
            and beliefs about rationality.  29p.                        
     9912   Preminger, Arie & Shalit, Haim.  Normality is a necessary   
            and sufficient condition for OLS to yield robust results.   
            6p.                                                         

     BOSTON UNIVERSITY.  Dept. of Economics-Industry Studies Program.   

     96     Ackerberg, Daniel A. & Botticini, Maristella.  Endogenous   
            matching and the empirical determinants of contract form.   
            39p.                                                        
                                                           PAGE   8

     94     Ma, Ching-to Albert & McGuire, Thomas G.  Network incentives
            in managed health care.  41p.                               
     95     Neeman, Zvika.  The effectiveness of simple auctions.  28p. 
     93     Neeman, Zvika.  The relevance of private information in     
            mechanism design.  32p.                                     
     92     Neeman, Zvika & Orosel, Gerhard O.  Herding and the winner's
            curse in markets with sequential bids.  31p.                

     BROWN UNIVERSITY.  Department of Economics.                        

     9817   Andrews, Donald W.K. & Buchinsky, Moshe.  Evaluation of a   
            three-step method of choosing the number of bootstrap       
            repetitions.  36p.                                          
     9821   Black, Duncan & Henderson, Vernon.  Urban evolution in the  
            USA.  50p.                                                  
     98-5   Blouin, R. Max & Serrano, Roberto.  A decentralized market  
            with common values uncertainty: non-steady states.  30p.    
     9816   Chinoy, Sajjid, Krishna, Pravin & Mitra, Devashish.  Trade  
            liberalization and labor demand elasticities: evidence from 
            Turkey.  20p.                                               
     9811   Cho, In-Koo, Jewell, Kevin & Vohra, Rajiv.  Auctions and    
            coalitions: joint bidding by budget constrained buyers.     
            38p.                                                        
     9823   Dall'Olio, Andrea & Vohra, Rajiv.  Efficiency in an economy 
            with fixed costs: a sequential approach.  19p.              
     9810   Elul, Ronel.  Collateral, credit-history and the financial  
            decelerator.  17p.                                          
     98-8   Fan, C. Simon & Grossman, Herschel I.  Incentives and       
            corruption in Chinese economic reform.  14p.                
     9813   Feldman, Allan M.  Value of life, value of time, and        
            constant relative risk aversion utility.  17p.              
     9814   Galor, Oded & Moav, Omer.  Ability biased technological     
            transition, wage inequality, and economic growth.  47p.     
     98-3   Galor, Oded & Weil, David N.  Population, technology, and   
            growth: from the Malthusian regime to the demographic       
            transition.  50p.                                           
     98-6   Grossman, Herschel I.  Producers and predators.  23p.       
     9812   Grossman, Herschel I. & Mendoza, Juan.  Scarcity, abundance,
            and appropriative conflict.  18p.                           
     9822   Henderson, Vernon.  Evidence on scale economies and         
            agglomeration.  34p.                                        
     9818   Kalemli-Ozcan, Sebnem, Ryder, Harl E. & Weil, David N.      
            Mortality decline, human capital investment, and economic   
            growth.  25p.                                               
     9820   Krebs, Tom.  Information, financial integration, and        
            international capital flows.  30p.                          
     9819   Krebs, Tom & Maloney, William F.  Quitting and labor        
            turnover: microeconomic evidence and macroeconomic          
            consequences.  37p.                                         
     9815   Krishna, Pravin.  Market structure, demand and endogenous   
            firm efficiency.  14p.                                      
     98-9   Lancaster, Tony.  The incidental parameter problem since    
            1948.  27p.                                                 
     9825   Malliaris, A.G. & Stein, Jerome L.  Methodological issues in
            asset pricing: random walk or chaotic dynamics?.  37p.      



                                                           PAGE   9

     98-4   Pitt, Mark M., et al.  Credit programs for the poor and the 
            nutritional status of children in rural Bangladesh.  43p.   
     9824   Ray, Debraj & Vohra, Rajiv.  Coalitional power and public   
            goods.  27p.                                                
     98-2   Ray, Debraj & Vohra, Rajiv.  A theory of endogenous         
            coalition structures.  54p.                                 
     98-7   Stein, Jerome L. & Paladino, Giovanna.  Exchange rate       
            misalignments and crises.  39p.                             

     STATE UNIVERSITY OF NEW YORK AT BUFFALO.  Department of Economics. 

     9901   Bhattacharya, Joydeep & Kudoh, Noritaka.  Tight money       
            policies and inflation revisited.  25p.                     

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     264    Blank, Rebecca M., Card, David & Robins, Philip K.          
            Financial incentives for increasing work and income among   
            low-income families.  62p.                                  
     263    Craine, Roger.  Exchange rate regime credibility, the agency
            cost of capital and devaluation.  42p.                      
     262    Edlin, Aaron S.  Per-mile premiums for auto insurance.  66p.
     265    Hall, Bronwyn H.  Innovation and market value.  34p.        
     267    Eissa, Nada & Hoynes, Hilary W.  The earned income tax      
            credit and the labor supply of married couples.  68p.       
     268    Hall, Bronwyn H. & Ham, Rose Marie.  The patent paradox     
            revisited: determinants of patenting in the U.S.            
            semiconductor industry, 1980-94.  44p.                      
     266    Scotchmer, Suzanne.  Delegating investment in a common-value
            project.  14p.                                              
     269    David, Paul A., Hall, Bronwyn H. & Toole, Andrew A.  Is     
            public R & D a complement or substitute for private R & D?: 
            a review of the econometric evidence.  66p.                 

     UNIV. OF CALIFORNIA-BERKELEY. Ctr. for Int'l. & Devel. Econ. Res.  

     104    Bardhan, Pranab & Mookherjee, Dilip.  Expenditure           
            decentralization and the delivery of public services in     
            developing countries.  69p.                                 
     105    Geraats, Petra M.  Inflation and its variation: an          
            alternative explanation.  24p.                              
     106    della Paolera, Gerardo & Taylor, Alan M.  Internal versus   
            external convertibility and developing country financial    
            crises: lessons from the Argentine Bank ba.  34p.           
     108    Bardhan, Pranab & Ghatak, Maitreesh.  Inequality, market    
            imperfections, and collective action problems.  22p.        
     107    Obstfeld, Maurice & Rogoff, Kenneth.  New directions for    
            stochastic open economy models.  45p.                       

     UNIVERSITY OF CALIFORNIA-SAN DIEGO.  Department of Economics.      

     9820   Bansak, Cynthia & Raphael, Steven.  Immigration reform and  
            the earnings of Latino workers: do employer sanctions cause 
            discrimination?.  37p.                                      




                                                           PAGE  10

     9822   Costa-Gomes, Miguel, Crawford, Vincent & Brostea, Bruno.    
            Cognition and behavior in normal-form games: an experimental
            study.  71p.                                                
     9818   Granger, Clive W.J. & Hyung, Namwon.  Introduction to M-M   
            processes.  41p.                                            
     9825   Granger, Clive W.J., Hyung, Namwon & Jeon, Yongil.  Spurious
            regressions with stationary series.  11p.                   
     9827   Li, Li & Engle, Robert F.  Macroeconomic announcements and  
            volatility of Treasury futures.  61p.                       
     9824   Ramey, Valerie A. & Shapiro, Matthew D.  Displaced capital. 
            56p.                                                        
     9819   Raphael, Steven & Winter-Ebmer, Rudolf.  Identifying the    
            effect of unemployment on crime.  32p.                      
     9821   Sanchez, Ismael.  Testing for unit roots with prediction    
            errors.  31p.                                               
     9817   Sobel, Joel.  Manipulation of preferences and relative      
            utilitarianism.  18p.                                       
     9826   Squires, Dale, et al.  Where the land meets the sea:        
            integrated sustainable fisheries development and artisanal  
            fishing.  32p.                                              
     9823   Starr, Ross M.  Monetizing trade: a tatonnement example.    
            14p.                                                        
     9905   Cho, Young-Hye & Engle, Robert F.  Modeling the impacts of  
            market activity on bid-ask spreads in the option market.    
            41p.                                                        
     9902   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            27p.                                                        
     9913   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Job      
            destruction and the experiences of displaced workers.  48p. 
     9907   Den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  49p.          
     9915   Dufour, Alfonso & Engle, Robert F.  Time and the price      
            impact of a trade.  43p.                                    
     9911   Friedberg, Leora.  The impact of technological change on    
            older workers: evidence from data on computers.  42p.       
     9912   Granger, Clive W.J. & Sin, Chor-Yiu.  Modelling the absolute
            returns of different stock indices: exploring the           
            forecastability of an alternative measure .  31p.           
     9914   Granger, Clive W.J. & Hyung, Namwon.  Occasional structural 
            breaks and long memory.  38p.                               
     9903   Hamilton, James D.  A parametric approach to flexible       
            nonlinear inference.  91p.                                  
     9904   Kim, Tae-Hwan & White, Halbert.  James-Stein type estimators
            in large samples with application to the least absolute     
            deviation estimator.  31p.                                  
     9909   Ramey, Garey & Watson, Joel.  Conditioning institutions and 
            renegotiation.  47p.                                        
     9906   Rauch, James E. & Evans, Peter B.  Bureaucratic structure   
            and bureaucratic performance in less developed countries.   
            43p.                                                        
     9901   Riker, David.  Educational attainment as a determinant of   
            international trade flows.  34p.                            
     9910   Segal, Uzi & Sobel, Joel.  Tit for tat: foundations of      
            preferences for reciprocity in strategic settings.  28p.    



                                                           PAGE  11

     9908   Watson, Joel.  Starting small and commitment.  23p.         

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     26/98  Bohn, Henning.  Social security and demographic uncertainty:
            the risk sharing properties of alternative policies.  41p.  
     1/99   Moon, Hyungsik R. & Phillips, Peter C.B.  Estimation of     
            autoregressive roots near unity using panel data.  62p.     
     2/99   Sengupta, Jati K.  Stochastic growth in Schumpeterian       
            dynamics.  21p.                                             
     27/98  Trejo, Stephen J.  Immigrant participation in low-wage labor
            markets.  30p.                                              
     4/99   Garratt, Rod & Marshall, John M.  Equity risk, conversion   
            risk, and the demand for insurance.  24p.                   
     3/99   Garratt, Rod & Marshall, John M.  Exclusions and demand for 
            insurance.  14p.                                            
     8/99   Kelly, David L. & Kolstad, Charles D.  Solving infinite     
            horizon growth models with an environmental sector.  23p.   
     5/99   Mitchell, Glenn T.  Evolution of networks and the diffusion 
            of new technology.  27p.                                    
     7/99   Montgomery, Robert & Stuart, Charles.  Sex and fiscal       
            desire.  34p.                                               
     6/99   Moon, Hyungsik R. & Phillips, Peter C.B.  Maximum likelihood
            estimation in panels with incidental trends.  30p.          
     11/99  Deacon, Robert T.  The political economy of environment -   
            development relationships: a preliminary framework.  31p.   
     12/99  Garratt, Rod & Keister, Todd.  A characterization of robust 
            sunspot equilibria.  10p.                                   
     10/99  Kelly, David, Kolstad, Charles D. & Mitchell, Glenn.        
            Adjustment costs from environmental change induced by       
            incomplete information and learning.  43p.                  
     9/99   Phillips, Peter C.B., Moon, Hyungsik R. & Xiao, Zhijie.  How
            to estimate autoregressive roots near unity.  40p.          

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9821   Bond, Shaun A. & Satchell, Steve E.  Statistical properties 
            of the sample semi-variance with applications to emerging   
            markets data.  30p.                                         
     9823   Garratt, Anthony, et al.  A structural cointegrating VAR    
            approach to macroeconometric modelling.  31p.               
     9825   Garratt, Anthony, Psaradakis, Zacharias & Sola, Martin.  An 
            empirical reassessment of target-zone nonlinearities.  14p. 
     9904   Haque, Nadeem U., Pesaran, M.H. & Sharma, Sunil.  Neglected 
            heterogeneity and dynamics in cross-country savings         
            regressions.  36p.                                          
     9826   Hsiao, Cheng, Pesaran, M.H. & Tahmiscioglu, A.K.  Maximum   
            likelihood estimation of fixed effects dynamic panel data   
            models covering short time periods.  46p.                   
     9903   Kohler, Jonathan, Luhmann, Hans-Jochen & Wadeskog, Anders.  
            Expenditure on environmentally sensitive goods and services:
            household spending in Europe.  21p.                         
     9902   Nyblom, Jukka & Harvey, Andrew.  Tests of common stochastic 
            trends.  33p.                                               




                                                           PAGE  12

     9901   Pollitt, Michael G.  A survey of the liberalisation of      
            public enterprises in the U.K. since 1979.  45p.            
     9822   Robertson, Donald & Wright, Stephen.  The good news and the 
            bad news about long-run stock market returns.  41p.         
     9824   Sutherland, Holly.  A citizen's pension.  47p.              
     9820   Wright, Stephen.  Monetary policy, nominal interest rates,  
            and long horizon inflation uncertainty.  38p.               
     9910   Granger, Clive W.J. & Pesaran, M. Hashem.  Economic and     
            statistical measures of forecast accuracy.  34p.            
     9906   Kapetanios, G.  Model selection in threshold models.  34p.  
     9905   Kapetanios, G.  Threshold models for trended time series.   
            34p.                                                        
     9907   Pesaran, M.H., Shin, Y. & Smith, R.J.  Bounds testing       
            approaches to the analysis of long-run relationships.  40p. 
     9908   Sciubba, Emanuela.  Asymmetric information and survival in  
            financial markets.  43p.                                    
     9909   Sciubba, Emanuela.  The evolution of portfolio rules and the
            capital asset pricing model.  36p.                          
     9916   Giovannetti, Emanuele.  On the evolution of regional        
            asymmetries.  38p.                                          
     9911   Knight, John & Satchell, Stephen.  Testing for infinite     
            order stochastic dominance with applications to finance,    
            risk, and income inequality.  16p.                          
     9915   Solomou, Solomos & Wu, Weike.  Weather effects on European  
            agricultural output.  33p.                                  
     9913   Spagnolo, Giancarlo.  Issue linkage, delegation, and        
            international policy cooperation.  15p.                     
     9914   Spagnolo, Giancarlo.  On interdependent supergames:         
            multimarket contact, concavity, and collusion.  16p.        
     9912   Weeks, Melvyn & Orme, Chris.  The statistical relationship  
            between bivariate and multinomial choice models.  15p.      

     BANK OF CANADA.  Technical Reports.                                

     84     Bolder, David & Streliski, David.  Yield curve modelling at 
            the Bank of Canada.  56p.                                   
     85     Srour, Gabriel.  Inflation targeting under uncertainty.     
            31p.                                                        
     86     Muller, Philippe & Zelmer, Mark.  Greater transparency in   
            monetary policy: impact on financial markets.  30p.         

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9901   Cecchetti, Stephen G., Mark, Nelson C. & Sonora, Robert.    
            Price level convergence among United States cities: lessons 
            for the European Central Bank.  27p.                        
     9902   Guender, Alfred V.  Nominal income targeting vs. strict     
            inflation targeting: a comparison.  24p.                    
     9903   Guender, Alfred V. & McCaw, Sharon.  The inflationary bias  
            in a model of the open economy.  7p.                        
     9905   Clark, Jeremy.  The effects of altruism on the efficiency of
            public good mechanisms.  33p.                               
     9904   Clark, Jeremy.  In search of ethical preferences in private 
            markets: the demand for Chilean wine in Canada from 1962 to 
            1994.  28p.                                                 



                                                           PAGE  13

     9906   Clark, Jeremy.  House money effects in public good          
            experiments.  16p.                                          
     9907   Clark, Jeremy.  Recognizing large donations to public goods:
            an experimental test.  23p.                                 
     9908   Haug, Alfred A.  Money demand functions: data span and      
            tests.  22p.                                                
     9909   Woodfield, Alan.  Augmenting reference pricing of           
            pharmaceuticals with strategic cross-product agreements: the
            case of statins and AC.  36p.                               

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     9805   Alba-Ramirez, Alfonso.  The effect of unemployment          
            compensation on the re-employment probability in Spain.     
            41p.                                                        
     9739   Alba-Ramirez, Alfonso.  Labor force participation and       
            transitions of older workers in Spain.  34p.                
     9785   Alba-Ramirez, Alfonso.  Re-employment probabilities of young
            workers in Spain.  35p.                                     
     9754   Arguedas, Carmen & Kranich, Laurence.  Allocating           
            environmental costs among heterogeneous sources: the linear 
            damage equivalent mechanism.  40p.                          
     9771   Azariadis, Costas & Galasso, Vincenzo.  Fiscal constitutions
            and the determinacy of intergenerational transfers.  41p.   
     9722   Ben-El-Mechaiekh, H., et al.  A fixed point theorem without 
            convexity.  16p.                                            
     9829   Bester, Helmut & Petrakis, Emmanuel.  Wages and productivity
            growth in a competitive industry.  21p.                     
     9755   Boldrin, Michele, Jimenez-Martin, Sergi & Peracchi, Franco. 
            Social security and retirement in Spain.  77p.              
     9847   Castillo, Sonsoles, Dolado, Juan J. & Jimeno, Juan F.  The  
            fall in consumption from being unemployed in Portugal and   
            Spain.  19p.                                                
     9846   Castillo, Sonsoles, Dolado, Juan J. & Jimeno, Juan F.  A    
            tale of two neighbour economies: labour market dynamics in  
            Portugal and Spain.  39p.                                   
     9788   Castro Rodriguez, Fidel.  Wright tariffs in the Spanish     
            electricity industry: the case of the residential           
            consumption.  28p.                                          
     9852   Cechlarova, Katarina & Romero-Medina, Antonio.  Stability in
            one-sided matching markets.  17p.                           
     9793   Collado, M. Dolores.  Estimating binary choice models from  
            cohort data.  18p.                                          
     9736   Corcho, Paula & Ferreira, Jose Luis.  Credible equilibria in
            non-finite games and in games without perfect recall.  21p. 
     9828   de Frutos, M. Angeles.  Asymmetric price-benefit auctions.  
            32p.                                                        
     9734   de Frutos, Maria Angeles & Rosenthal, Robert W.  On some    
            myths about sequenced common-value auctions.  24p.          
     9767   del Rio, Coral & Ruiz Castillo, Javier.  Demographic trends 
            and living standards: the case of Spain during the 1980s.   
            37p.                                                        
     9742   del Rio, Coral & Ruiz-Castillo, Javier.  An inequality      
            decomposition method which minimizes equivalence scales     
            `contamination' problems.  33p.                             



                                                           PAGE  14

     9738   del Rio, Coral & Ruiz-Castillo, Javier.  Intermediate       
            inequality and welfare: the case of Spain, 1980-81 to       
            1990-91.  30p.                                              
     9758   del Rio, Coral & Ruiz-Castillo, Javier.  TIPs for poverty   
            analysis: the case of Spain, 1980-81 to 1990-91.  44p.      
     9756   Dhillon, Amrita & Petrakis, Emmanuel.  Bertrand competition,
            employment rationing and collusion through centralized      
            negotiations.  19p.                                         
     9740   Dolado, Juan J., Gonzalez-Paramo, Jose M. & Vinals, Jose.  A
            cost-benefit analysis of going from low inflation to price  
            stability in Spain.  54p.                                   
     9753   Dolado, Juan J., Lopez-Salido, J. David & Vega, Juan Luis.  
            Spanish unemployment and inflation persistence: are there   
            Phillips trade-offs?.  33p.                                 
     9757   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            asymptotic nucleolus of large monopolistic games.  23p.     
     9735   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The core  
            of a class of non-atomic games which arise in economic      
            applications.  17p.                                         
     9871   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Existence 
            and equivalence of competitive and core allocations in large
            exchange economies with differential informa.  14p.         
     9894   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  On the    
            core of an economy with differential information.  10p.     
     9891   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Rational  
            expectations equilibria and the ex-post core of an economy  
            with asymmetric information.  16p.                          
     9721   Florig, Michael.  On the irreducibility of a competitive    
            economy.  9p.                                               
     9813   Garcia, Jaume & Jimenez-Martin, Sergi.  Claim, offer and    
            information in wage bargaining.  25p.                       
     9761   Hauk, Esther.  Discriminating to learn to discriminate.     
            39p.                                                        
     9760   Hauk, Esther.  Leaving the prison: a discussion of the      
            iterated prisoner's dilemma under preferential selection.   
            26p.                                                        
     9830   Hauk, Esther & Saez Marti, Maria.  On the cultural          
            transmission of corruption.  18p.                           
     9769   Hauk, Esther & Hurkens, Sjaak.  Secret information          
            acquisition in Cournot markets.  27p.                       
     9773   Herguera, Inigo, Kujal, Praveen & Petrakis, Emmanuel.       
            Non-credible policies and leap-frogging in a vertically     
            differentiated industry.  27p.                              
     9806   Jerison, Michael.  Nonrepresentative representative         
            consumers.  24p.                                            
     9717   Kranich, Laurence.  Equalizing opportunities through public 
            education when innate abilities are unobservable.  22p.     
     9853   Martinez-Granado, Maite.  Self-employment and labor market  
            transition: a multiple state model.  29p.                   
     9842   Martinez-Granado, Maite & Ruiz-Castillo, Javier.  The       
            decisions of Spanish youth: a cross-section study.  34p.    
     9770   Mauleon, Ignacio & Risueno, Marta.  A joint estimation of   
            the production function and the depreciation rate of the    
            capital stock: a disaggregated analy.  35p.                 




                                                           PAGE  15

     9837   Michelitsch, Roland & Kujal, Praveen.  Monopoly power and   
            terms of trade.  28p.                                       
     9745   Moraga, Jose Luis & Petrakis, Emmanuel.  Promoting sales    
            through coupons in oligopoly under imperfect price          
            information.  26p.                                          
     9746   Moraga Gonzalez, Jose Luis.  Quality uncertainty and        
            informative advertising.  28p.                              
     9836   Petrakis, Emmanuel.  Diffusion of abatement technologies in 
            a differentiated industry.  16p.                            
     9783   Petrakis, Emmanuel & Theotoky, Joanna Poyago.  Environmental
            impact of technology policy: R & D subsidies versus R & D   
            cooperation.  29p.                                          
     9869   Petrongolo, Barbara & San-Segundo, Maria J.  Staying-on at  
            school at sixteen: the impact of labor market conditions in 
            Spain.  27p.                                                
     9826   Romero-Medina, Antonio.  More on preference and freedom.    
            15p.                                                        
     9862   Romero-Medina, Antonio.  "Sex-equal" stable matching.  18p. 
     9774   Ruiz-Castillo, Javier.  Income mobility, permutations, and  
            rerankings.  43p.                                           
     9737   Ruiz-Castillo, Javier.  A simplified model for social       
            welfare analysis: an application to Spain, 1973-74 to       
            1980-81.  33p.                                              
     9884   San Juan Mesonada, Carlos.  Capital data for productivity   
            measurement.  13p.                                          
     9845   San Juan, Carlos & Decimavilla, Esther.  Productivity       
            comparisons: the European Union agriculture.  47p.          
     9848   Santos, Manuel S.  Accuracy of numerical solutions using the
            Euler equation residuals.  34p.                             
     9762   Torrubias, Juan A.C. & Romera, Rosario.  On robust partial  
            least squares (PLS) methods.  19p.                          
     9927   Aguirregabaria, Victor & Alonso-Borrego, Cesar.  Labor      
            contracts and flexibility: evidence from a labor market     
            reform in Spain.  49p.                                      
     9914   Alcalde, Jose & Romero-Medina, Antonio.  Sequential         
            decisions in the college admissions problem.  11p.          
     9913   Alcalde, Jose & Romero-Medina, Antonio.  Simple mechanisms  
            to implement the core of college admissions problems.  13p. 
     9918   Alvarez, Maria Jose & Rivera, Jaime.  An integrated typology
            of green manufacturing profiles.  31p.                      
     9902   Arguedas, Carmen.  Environmental standards and costly       
            monitoring.  33p.                                           
     9917   Arora, Ashish, Fosfuri, Andrea & Gambardella, Alfonso.      
            Markets for technology (why do we see them, why don't we see
            more of them, and why should we care?).  36p.               
     9922   Bajo, Oscar & Salas, Rafael.  Inequality foundations of     
            concentration measures: an application to the Hannah Kay    
            indices.  13p.                                              
     9907   Balbas, A., Longarela, I.R. & Lucia, J.  How does financial 
            theory apply to catastrophe-linked derivatives?: an         
            empirical test of several pricing models.  27p.             
     9925   de Frutos, M. Angeles & Pechlivanos, Lambros.  Second-price 
            common-value auctions under multidimensional uncertainty.   
            13p.                                                        




                                                           PAGE  16

     9920   Desmet, Klaus.  A perfect foresight model of regional       
            development and skill specialization.  26p.                 
     9921   Desmet, Klaus.  A simple dynamic model of uneven development
            and overtaking.  27p.                                       
     9911   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  The       
            bargaining set of a large economy with differential         
            information.  16p.                                          
     9916   Einy, Ezra, Moreno, Diego & Shitovitz, Benyamin.  Fine value
            allocations in large exchange economies with differential   
            information.  22p.                                          
     9888   Garcia Diaz, Anton & Kujal, Praveen.  List pricing and pure 
            strategy outcomes in a Bertrand Edgeworth duopoly.  23p.    
     9881   Guell-Rotllan, Maia & Petrongolo, Barbara.  The transition  
            of workers from temporary to permanent employment: the      
            Spanish case.  22p.                                         
     9910   Kaiser, Regina & Maravall, Agustin.  Short-term and         
            long-term trends, seasonal adjustment and the business      
            cycle: the Hodrick-Prescott filter revisited.  113p.        
     9912   Marmol, Francesc, Escribano, Alvaro & Aparicio, Felipe M.  A
            new instrumental variable approach for estimation and       
            testing in fractional cointegrating regressions.  28p.      
     9904   Martinez-Granado, Maite.  Testing labour supply and hours   
            constraints.  34p.                                          
     9898   Martinez-Ros, Ester.  Explaining the decisions to carry out 
            product and process innovation: the Spanish case.  29p.     
     9908   Mora, Ricardo.  Third-generation Mexican American workers in
            the South-West: a case of wage discrimination?.  26p.       
     9909   Mora, Ricardo.  Wage inequality and structural change.  19p.
     9899   O'Brien, Patrick K. & Prados de la Escosura, Leandro.       
            Balance sheets for the acquisition, retention and loss of   
            European empires overseas.  38p.                            
     9897   Ortega, Jaime.  Power and the economics of organization.    
            30p.                                                        
     9903   Profit, Stefan & Sperlich, Stefan.  Non-uniformity of job   
            matching in a transition economy: a non-parametric analysis 
            for the Czech Republic.  37p.                               
     9889   Roses, Joan R.  The choice of technology in the             
            Mediterranean Basin: some evidence from the Spanish,        
            Italian, British and U.S. cott.  36p.                       
     9905   Salas, Rafael.  Multilevel interterritorial convergence and 
            additive multidimensional inequality decomposition.  23p.   
     9893   Samartin, Margarita.  Bank runs, suspension of              
            convertibility versus deposit insurance.  35p.              
     9892   Samartin, Margarita.  The role of demand deposit in risk    
            sharing.  22p.                                              
     9880   Sanchez Leon, Pablo.  Market, institutions and cultures:    
            patterns of wine consumption in Europe, 1850-1950.  31p.    
     9915   Simpson, James.  Cooperation and cooperatives in Southern   
            European wine production: the nature of successful          
            institutional innovatio.  37p.                              
     9896   Tsay, Ruey S., Pena, Daniel & Pankratz, Alan E.  Outliers in
            multivariate time series.  20p.                             
     9930   Brusco, Sandro & Lopomo, Guiseppe.  Collusion via signalling
            in open ascending auctions with multiple objects and        
            complementarities.  28p.                                    



                                                           PAGE  17

     9931   Pascual, Lorenzo, Romo, Juan & Ruiz, Esther.  Effects of    
            parameter estimation on prediction densities: a bootstrap   
            approach.  32p.                                             
     9933   Samartin, Margarita.  Costly financial crises.  21p.        
     9928   Simpson, James.  The agrarian crisis in late 19th century   
            Spain: a reconsideration.  25p.                             
     9936   Boldrin, Michele & Alonso, Ana Montes.  Intergenerational   
            transfer institutions: public education and public pensions.
             45p.                                                       
     9951   Burgos, Albert.  Learning to deal with risk: what does      
            reinforcement learning tell us about risk attitudes.  16p.  
     9932   Moreno, Diego & Wooders, John.  Prices, delay, and the      
            dynamics of trade.  65p.                                    
     9943   Perea, Andres, Jansen, Mathijs & Vermeulen, Dries.  Player  
            splitting in extensive form games.  22p.                    
     9944   Perea, Andres & Swinkels, Jeroen.  Selling information in   
            extensive form games.  29p.                                 
     9957   Balmaseda, Manuel, Dolado, Juan J. & Lopez-Salido, David.   
            The dynamic effects of shocks to labour markets: evidence   
            from OECD countries.  30p.                                  
     9955   Boldrin, Michele, et al.  The future of pension systems in  
            Europe: a reappraisal.  51p.                                
     9956   Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.   
            The causes of youth labour market problems in Spain:        
            crowding-out, institutions, of technology shifts?.  34p.    
     9962   Celentani, Marco & Conde Ruiz, Jose I.  The political       
            economy of international private insurance and fiscal       
            policy.  33p.                                               
     9963   Garner, Thesia I., Ruiz-Castillo, Javier & Sastre, Mercedes.
             The influence of demographics and household specific price 
            indices on expenditure based inequality and welfare: a c.   
            51p.                                                        
     9971   Herrendorf, Berthold, Valentiny, Akos & Waldman, Robert.    
            Ruling out multiplicity and indeterminacy: the role of      
            heterogeneity.  21p.                                        
     9966   Kujal, Praveen & Cabral, Celia C.  The role of commitment   
            and the choice of trade policy instruments.  28p.           
     9959   Osuna, Victoria.  Job flow dynamics in segmented labor      
            markets: the effects of reduction in firing costs in Spain. 
            29p.                                                        

     CENTRE D'ETUDES PROS. D'ECON MATH APPLIQUEES A LA PLANIFICATION.   

     9813   Boyer, Robert.  An essay on the political and institutional 
            deficits of the Euro: the unanticipated fallout of the EMU. 
            125p.                                                       
     9814   Boyer, Robert.  Le lien salaire/emploi dans la theorie de la
            regulation: autant de relations que de configurations       
            institutionnelle.  65p.                                     
     9817   Dimaria, Charles-Henri & Le Van, Cuong.  Debt, corruption, R
            & D and growth in developing countries.  34p.               
     9816   Laffargue, Jean-Pierre & Saint-Martin, Anne.  Un modele     
            d'equilibre general calculable de la France: Julien 4.  53p.
     9818   Petit, Pascal.  Formes structurelles et regimes de          
            croissance de l'apres fordisme.  28p.                       



                                                           PAGE  18

     9903   Aubert, Ludovic & Laskar, Daniel.  Private information: an  
            argument for a fixed exchange rate system.  38p.            
     9901   Boucekkine, Raouf, del Rio, Fernando & Licandro, Omar.      
            Endogenous vs. exogenously driven fluctuations in vintage   
            capital models.  25p.                                       
     9820   Boyer, Robert.  Le politique a l'ere de la mondialisation et
            de la finance: le point sur quelques recherches             
            regulationnistes.  74p.                                     
     9822   Boyer, Robert & Juillard, Michel.  The contemporary Japanese
            crisis and the transformations of the wage labor nexus.     
            70p.                                                        
     9902   Cheron, A. & Langot, F.  Labor-market search, welfare       
            ranking and the real wage over the business cycle.  21p.    
     9904   Cohen, Daniel.  Welfare differentials across French and U.S.
            labor markets: a general equilibrium interpretation.  40p.  
     9821   Marakulin, Valeri M.  Production equilibria in vector       
            lattices with unordered preferences: an approach using      
            finite-dimensional...  29p.                                 
     9819   Petit, Pascal & Soete, Luc.  Globalization in search of a   
            future: the contemporary challenge to national policies.    
            23p.                                                        
     9908   Aghion, Philippe, Caroli, Eve & Garcia-Penalosa, Cecilia.   
            Inequality and economic growth: the perspective of the new  
            growth theories.  87p.                                      
     9907   Boyer, Robert.  Etat, marche et developpement: une nouvelle 
            synthese pour le XXI siecle?.  21p.                         
     9905   Cheron, A. & Langot, F.  The Phillips and Beveridge curves  
            revisited.  25p.                                            
     9910   Collard, Fabrice, et al.  A structural model for U.S.       
            aggregate job flows.  28p.                                  
     9906   Gourieroux, Christian & Jasiak, Joanna.  Nonlinear          
            innovations and impulse responses.  38p.                    
     9909   Petit, Pascal.  Les aleas de la croissance dans une economie
            fondee sur le savoir.  35p.                                 

     COLUMBIA UNIVERSITY. Grad. School of Business-Paine Webber Series. 

     9804   Broadie, Mark & Glasserman, Paul.  A stochastic mesh method 
            for pricing high-dimensional American options.  37p.        
     9803   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P..
             Would a privatized social security system really pay a     
            higher rate of return?.  32p.                               
     9802   Heal, Geoffrey.  Markets and sustainability.  10p.          
     9801   Heal, Geoffrey & Kristrom, Bengt.  National income and the  
            environment.  22p.                                          
     9808   Amir, Eli & Sougiannis, Theodore.  Analysts' interpretation 
            and investors' valuation of tax carryforwards.  47p.        
     9806   Edwards, Franklin R. & Liew, Jimmy.  Managed commodity      
            funds.  43p.                                                
     9805   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Social security money's worth.  69p.                        
     9809   Glasserman, Paul & Zhao, Xiaoliang.  Arbitrage-free         
            discretization of lognormal forward LIBOR and swap rate     
            models.  33p.                                               




                                                           PAGE  19

     9811   Heal, Geoffrey.  New strategies for the provision of global 
            public goods: learning from international environmental     
            challenges.  32p.                                           
     9812   Heal, Geoffrey.  Valuing ecosystem services.  10p.          
     9810   Heal, Geoffrey.  Valuing the future: economic theory and    
            sustainability.  35p.                                       
     9807   Rausser, Gordon C. & Small, Arthur A.  Bioprospecting with  
            patent races.  17p.                                         
     9904   Chang, Ganlin & Sundaresan, Suresh M.  Asset prices and     
            default-free term structure in an equilibrium model of      
            default.  49p.                                              
     9902   Chen, Fangruo.  Market segmentation, advanced demand        
            information and supply chain performance.  31p.             
     9901   Jones, Charles M. & Lipson, Marc L.  Execution costs of     
            institutional equity orders.  27p.                          
     9903   Jones, Charles M. & Lipson, Marc L.  Sixteenths: direct     
            evidence on institutional execution costs.  37p.            

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     9901   Krishna, Kala & Tranaes, Torben.  Efficient competition with
            small numbers, with applications to privatisation and       
            mergers.  26p.                                              
     9902   Martin, Stephen & Scott, John T.  The nature of innovation  
            market failure and the design of public support for private 
            innovation.  28p.                                           
     9903   Monteiro, Paulo K. & Moraga-Gonzalez, Jose.  "We sold a     
            million copies": the role of advertising past sales.  25p.  
     9904   Schultz, Christian.  Export cartels and domestic markets.   
            24p.                                                        
     9905   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      
     9907   Amir, Rabah.  R & D returns, market structure and research  
            joint ventures.  20p.                                       
     9906   Amir, Madjid, Amir, Rabah & Jin, Jim.  Sequencing R & D     
            decisions in a two-period duopoly with spillovers.  26p.    
     9908   Macho-Stadler, Ines & Perez-Castrillo, David.  Auditing with
            signals.  29p.                                              
     9910   Arbatskaya, Maria, Hviid, Morten & Shaffer, Greg.  On the   
            incidence and variety of low-price guarantees.  38p.        
     9909   Arocena, Pablo & Price, Catherine W.  Generating efficiency:
            economic and environmental regulation of public and private 
            electricity generators in Spain.  28p.                      
     9911   Martin, Stephen.  Kreps and Scheinkman with product         
            differentiation: an expository note.  68p.                  
     9912   Perez-Castrillo, David & Riedinger, Nicolas.  Auditing cost 
            overrun claims.  30p.                                       
     9913   Chanel, Olivier & Vincent, Stephanie.  The declining price  
            effect in sequential auctions: what theory does not predict.
             35p.                                                       
     9914   Jacobsen, Hans J., Jensen, Mogens & Sloth, Birgitte.        
            Evolutionary learning in signalling games.  34p.            

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9819   Ejrnaes, Mette & Persson, Karl G.  Market integration and   
            transport costs in France 1825-1903: a threshold error      
            correction approach to the law of one.  33p.                
                                                           PAGE  20

     9818   Hansen, Claus T.  Monetary stabilization policy in a dynamic
            stochastic menu cost model.  21p.                           
     9821   Hougaard, Jens L. & Tvede, Mich.  The Kalai-Smorodinsky     
            solution: a generalization to nonconvex n-person bargaining.
             5p.                                                        
     9820   Hougaard, Jens L. & Tvede, Mich.  Nonconvex n-person        
            bargaining: efficient maxmin solutions.  18p.               
     9817   Schultz, Christian.  Monetary policy, delegation and        
            polarization.  31p.                                         
     9901   Jacobsen, Hans Jorgen, Jensen, Mogens & Sloth, Birgitte.    
            Evolutionary learning in signalling games.  31p.            
     9822   Kongsted, Hans Christian.  An I(2) cointegration analysis of
            small-country import price determination.  27p.             
     9824   Pedersen, Torben M.  How long are business cycles?:         
            reconsidering fluctuations and growth.  44p.                
     9823   Pedersen, Torben M. & Elmer, Anne Marie.  International     
            evidence on the connection between business cycles and      
            economic growth.  24p.                                      
     9903   Dierker, Egbert, Dierker, Hildegard & Grodal, Birgit.       
            Incomplete markets and the firm.  28p.                      
     9904   Ellickson, Bryan, et al.  Clubs and the market.  43p.       
     9905   Ellickson, Bryan, et al.  Clubs and the market: large finite
            economies.  43p.                                            
     9902   Jebjerg, Lars.  Debt as a regulatory constraint.  15p.      
     9911   Albaek, Karsten, van Audenrode, Marc & Browning, Martin.    
            Employment protection and the consequences for displaced    
            workers: a comparison of Belgium and Denmark.  33p.         
     9907   Blundell, Richard, Browning, Martin & Crawford, Ian.        
            Nonparametric Engel curves and revealed preference.  59p.   
     9908   Browning, Martin.  Modelling commodity demands and labour   
            supply with m-demands.  30p.                                
     9909   Chiappori, Pierre-Andre, Ekeland, Ivar & Browning, Martin.  
            Local disaggregation of demand and excess demand functions: 
            a new question.  11p.                                       
     9906   Hansen, Claus T. & Tranaes, Torben.  Optimal workfare in    
            unemployment insurance.  24p.                               
     9913   Juselius, Katarina.  Models and relations in economics and  
            econometrics.  37p.                                         
     9912   Juselius, Katarina & Gennari, Elena.  Dynamic modeling and  
            structural shift: monetary transmission mechanisms in Italy 
            before and after EMS.  33p.                                 
     9910   Browning, Martin, Hansen, Lars Peter & Heckman, James J.    
            Micro data and general equilibrium models.  163p.           
     9914   Jebjerg, Lars.  Credit market structure and product market  
            competition.  30p.                                          
     9915   Albaek, Karsten & Hansen, Henrik.  The rise in Danish       
            unemployment: reallocation or mismatch?.  21p.              
     9919   Albaek, Karsten.  An evaluation of paid leave: participation
            and labor market tightness.  36p.                           
     9917   Gyntelberg, Jacob & Kyhl, Soren.  Ownership structure as a  
            signal of managerial ability.  32p.                         
     9918   Jebjerg, Lars & Kyhl, Soren.  The choice between bank debt  
            and equity.  27p.                                           
     9921   Keiding, Hans & Peleg, Bezalel.  Representation of          
            effectivity functions in coalition proof Nash equilibrium: a
            complete characterization.  24p.                            


                                                           PAGE  21

     9920   Keiding, Hans & Peleg, Bezalel.  Stable voting procedures   
            for committees in economic environments.  27p.              
     9916   Kyhl, Soren.  Enforcement of contracts when markets are     
            incomplete.  24p.                                           

     CORNELL UNIVERSITY.  Center for Analytic Economics.                

     9805   Alvarez, Fernando & Veracierto, Marcelo.  Search,           
            self-insurance, and job security provisions.  54p.          
     9707   Basu, Kaushik.  Paradoxes of game theory.  18p.             
     9606r  Basu, Kaushik & Foster, James E.  On measuring literacy.    
            30p.                                                        
     9708   Bhattacharya, Rabi & Majumdar, Mukul.  Convergence to       
            equilibrium of random dynamical systems generated by I.I.D. 
            monotone maps, with applications to econ.  38p.             
     9714   Garratt, Rod, et al.  Equilibrium prices when the sunspot   
            variable is continuous.  29p.                               
     9801   Ghiglino, Christian & Shell, Karl.  The economic effects of 
            restrictions on government budget deficits.  31p.           
     9802   Keister, Todd.  Nominal taxation and excess volatility.     
            30p.                                                        
     9803   Kiefer, Nicholas M., Vogelsang, Timothy J. & Bunzel, Helle. 
            Simple robust testing of regression hypotheses.  19p.       
     9807   Lee, Jin & Hong, Yongmiao.  Testing for serial correlation  
            of unknown form using wavelet methods.  30p.                
     9804   Majumdar, Mukul & Rotar, Vladimir.  Equilibrium prices in a 
            random exchange economy with dependent agents.  32p.        
     9806   Majumdar, Mukul & Ossella, Illaria.  Identifying leading    
            sectors that accelerate the optiomal growth rate: a         
            computational approach.  26p.                               
     9712   Ng, Serena & Vogelsang, Timothy J.  Analysis of vector      
            autoregressions in the presence of shifts in mean.  32p.    
     9709   Tomljanovich, Marc & Vogelsang, Timothy J.  Are U.S. regions
            converging?: using new econometric methods to examine old   
            issues.  22p.                                               
     9711   Vogelsang, Timothy J.  Testing for a shift in trend when    
            serial correlation is of unknown form.  55p.                
     9713   Zambrano, Eduardo & Vogelsang, Timothy J.  A simple test of 
            the law of demand for the United States.  20p.              

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1195   Allen, Franklin & Morris, Stephen.  Finance applications of 
            game theory.  45p.                                          
     1193   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Social security money's worth.  69p.                        
     1194   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Would a privatized social security system really pay a      
            higher rate of return?.  32p.                               
     1199   Moscarini, Guiseppe & Ottaviani, Marco.  Price competition  
            for an informed buyer.  42p.                                
     1200   Nordhaus, William D.  The health of nations: Irving Fisher  
            and the contributions of improved longevity to living       
            standards.  33p.                                            




                                                           PAGE  22

     1201   Nordhaus, William D. & Boyer, Joseph G.  Requiem for Kyoto: 
            an economic analysis of the Kyoto Protocol.  50p.           
     1203   Baliga, Sandeep & Morris, Stephen.  Cheap talk and          
            coordination with payoff uncertainty.  19p.                 
     1206   Bergemann, Dirk & Valimaki, Juuso.  Dynamic common agency.  
            61p.                                                        
     1207   Grant, Simon, Kajii, Atsushi & Polak, Ben.  Decomposable    
            choice under uncertainty.  33p.                             
     1208   Grant, Simon, Kajii, Atsushi & Polak, Ben.  Preference for  
            information and dynamic consistency.  18p.                  
     1205   Linton, Oliver, et al.  Estimating yield curves by kernel   
            smoothing methods.  46p.                                    
     1204   Morris, Stephen & Shin, Hyun Song.  A theory of the onset of
            currency attacks.  31p.                                     
     1202   Shubik, Martin.  Fiat money and the efficient financing of  
            the float, production and consumption part I: the float.    
            13p.                                                        
     1209   Bewley, Truman.  Work motivation.  31p.                     
     1210   Herings, P.J.J. & Polemarchakis, H.M.  Pareto improving     
            price regulation when the asset market is incomplete.  43p. 
     1211   Morris, Stephen & Skiadis, Costis.  Rationalizable trade.   
            14p.                                                        
     1212   Shiller, Robert.  Measuring bubble expectations and investor
            confidence.  24p.                                           
     1214   Bergemann, Dirk & Valimaki, Juuso.  Experimentation in      
            markets.  37p.                                              
     1216   den Haan, Wouter J., Ramey, Garey & Watson, Joel.           
            Contract-theoretic approaches to wages and displacement.    
            27p.                                                        
     1215   den Haan, Wouter J., Ramey, Garey & Watson, Joel.  Liquidity
            flows and fragility of business enterprises.  50p.          
     1213   Fagin, Ronald, et al.  The hierarchical approach to modeling
            knowledge and common knowledge.  30p.                       
     1225   Ramey, Garey & Watson, Joel.  Conditioning institutions and 
            renegotiation.  39p.                                        
     1218   Rauch, James E. & Watson, Joel.  Starting small in an       
            unfamiliar environment.  33p.                               
     1217   Watson, Joel.  Starting small and commitment.  23p.         
     1226   Bergemann, Dirk & Valimaki, Juuso.  Entry and innovation in 
            vertically differentiated markets.  51p.                    
     1227   Powers, Michael R. & Shubik, Martin.  Toward a theory of    
            reinsurance and retrocession.  47p.                         
     1230   Andrews, Donald W.K.  Higher-order improvements of a        
            computationally attractive k-step bootstrap for extremum    
            estimators.  72p.                                           
     1229   Andrews, Donald W.K.  Testing when a parameter is on the    
            boundary of the maintained hypothesis.  48p.                
     1228   Hall, George & Rust, John.  An empirical model of inventory 
            investment by durable commodity intermediaries.  45p.       
     1233   Andrews, Donald W.K. & Lu, Biao.  Consistent model and      
            moment selection criteria for GMM estimation with           
            application to dynamic panel data models.  43p.             
     1239   Athanasoulis, Stefano G. & Shiller, Robert J.  World income 
            components: measuring and exploiting risk-sharing           
            opportunities.  41p.                                        



                                                           PAGE  23

     1240   Bergemann, Dirk & Valimaki, Juuso.  Stationary multi-choice 
            bandit problems.  12p.                                      
     1237   Bergemann, Dirk & Valimaki, Juuso.  Strategic buyers and    
            privately observed prices.  20p.                            
     1232   Kranton, Rachel E. & Minehart, Deborah F.  Competition for  
            goods in buyer-seller networks.  38p.                       
     1231   Kranton, Rachel E. & Minehart, Deborah F.  Vertical         
            integration, networks, and markets.  43p.                   
     1236   Mailath, George J. & Morris, Stephen.  Repeated games with  
            almost-public monitoring.  52p.                             
     1238   Mandelbrot, Benoit.  Survey of multifractality in finance.  
            26p.                                                        
     1242   Morris, Stephen.  Political correctness.  38p.              
     1241   Morris, Stephen & Shin, Hyun Song.  Coordination risk and   
            the price of debt.  28p.                                    
     1235   Ramey, Garey & Watson, Joel.  Contractual intermediaries.   
            38p.                                                        
     1234   Tobin, James.  On Minsky's agenda for reform.  5p.          

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2044   Anderson, James E. & Neary, J. Peter.  The mercantilist     
            index of trade policy.  32p.                                
     2034   Bams, Dennis & Schotman, Peter C.  Direct estimation of the 
            risk neutral factor dynamics of affine term structure       
            models.  36p.                                               
     2047   Bauer, Thomas, et al.  Portuguese migrants in the German    
            labour market: performance and self-selection.  34p.        
     2031   Bester, Helmut & Petrakis, Emmanuel.  Wages and productivity
            growth in a competitive industry.  21p.                     
     2048   Blomstrom, Magnus & Sjoholm, Frederik.  Technology, transfer
            and spillovers: does local participation with multinationals
            matter?.  16p.                                              
     2032   Bester, Helmut & Ritzberger, Klaus.  Strategic pricing,     
            signalling and costly information acquisition.  20p.        
     2027   Brocas, Isabelle & Carrillo, Juan D.  A theory of haste with
            applications to construction of nuclear power plants and    
            extinction of endangered species.  35p.                     
     2015   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Prospective deficits and the Asian currency crisis.  52p.   
     2040   Canova, Fabio & Ravn, Morten O.  Crossing the Rio Grande:   
            migrations and the welfare state.  36p.                     
     2028   Canova, Fabio & De Nicolo, Gianni.  Did you know that       
            monetary disturbances matter for business cycles            
            fluctuations?: evidence from the G-7 countries.  34p.       
     2017   Carrillo, Juan D.  Self-control, moderate consumption and   
            craving.  35p.                                              
     2021   Chemla, Gilles.  Hold-up, industrial relations and takeover 
            threats.  30p.                                              
     2030   Cornelli, Francesca & Felli, Leonardo.  Revenue efficiency  
            and change of control: the case of bankruptcy.  33p.        
     2026   Cornelli, Francesca & Li, David.  Risk arbitrage in         
            takeovers.  41p.                                            
     2041   Emons, Winand.  Product differentiation and price           
            competition between a safe and risky seller.  21p.          



                                                           PAGE  24

     2033   Faini, Riccardo, et al.  Importing jobs or exporting firms?:
            a close look at the labour market implications of Italy's   
            trade and foreign dir.  43p.                                
     2016   Giovannetti, Giorgia & Marimon, Ramon.  An EMU with         
            different transmission mechanisms.  43p.                    
     2029   Goldberg, Pinelopi K. & Verboven, Frank.  The evolution of  
            price dispersion in the European car market.  60p.          
     2050   Guiso, Luigi & Jappelli, Tullio.  Private transfers,        
            borrowing constraints, and the timing of home ownership.    
            36p.                                                        
     2043   Guiso, Luigi, Jappelli, Tullio & Pistaferri, Luigi.  What   
            determines earnings and employment risk?.  31p.             
     2020   Helpman, Elhanan.  The structure of foreign trade.  40p.    
     2042   Lanjouw, Jean O. & Schankerman, Mark.  Patent suits: do they
            distort research incentives?.  37p.                         
     2046   Lockwood, Ben.  Distributive politics and the costs of      
            centralization.  38p.                                       
     2036   McMillan, John & Woodruff, Christopher.  Inter-firm         
            relationships and informal credit in Vietnam.  41p.         
     2022   Remolana, Eli M., Wickens, Michael R. & Gong, Frank F.  What
            was the market's view of U.K. monetary policy?: estimating  
            inflation risk and expected inflation w/ indexed bo.  42p.  
     1996   Restoy, Fernando & Rodriguez, Rosa.  Can fundamentals       
            explain cross-country correlations of asset returns?.  20p. 
     2045   Schnitzer, Monika.  Bank competition and enterprise         
            restructuring in transition economies.  25p.                
     2049   Schnitzer, Monika & Wambach, Achim.  Inside versus outside  
            financing and product market competition.  29p.             
     1989   Svensson, Lars E.O.  Open-economy inflation targeting.  30p.
     1994   Vettas, Nikolaos.  Investment dynamics in markets with      
            endogenous demand.  55p.                                    
     2019   Vives, Xavier.  Information aggregation, strategic behaviour
            and efficiency in Cournot markets.  42p.                    
     2052   Aghion, Philippe & Schankerman, Mark.  Competition, entry   
            and the social returns to infrastructure in transition      
            economies.  24p.                                            
     2079   Bagliano, Fabio C., Favero, Carlo A. & Franco, Francesco.   
            Measuring monetary policy in open economies.  36p.          
     2085   Baldwin, Richard E.  The core-periphery model with          
            forward-looking expectations.  22p.                         
     2080   Bennett, John, Estrin, Saul & Hare, Paul.  Output and       
            exports in transition economies: a labour management model. 
            42p.                                                        
     2070   Burguet, Roberto, Caminal, Ramon & Matutes, Carmen.  Golden 
            cages for showy birds: optimal switching costs in labour    
            markets.  39p.                                              
     2064   Coudouel, Aline, Marnie, Sheila & Micklewright, John.       
            Targeting social assistance in a transition economy: the    
            Mahallas in Uzbekistan.  36p.                               
     2090   De Fraja, Gianni.  Equal opportunities in education: market 
            equilibrium and public policy.  34p.                        
     2067   De Grauwe, Paul, Dewachter, Hans & Aksoy, Yunus.  The       
            European Central Bank: decision rules and macroeconomic     
            performance.  31p.                                          




                                                           PAGE  25

     2065   de Jong, Frank.  Time-series and cross-section information  
            in affine term structure models.  43p.                      
     2058   Demertzis, Maria & Hughes Hallett, Andrew.  EMU and the     
            external value of the Euro.  38p.                           
     2077   Dustmann, Christian & Meghir, Costas.  Wages, experience and
            seniority.  50p.                                            
     2082   Galor, Oded & Weil, David N.  From Malthusian stagnation to 
            modern growth.  13p.                                        
     2078   Gandal, Neil, Kende, Michael & Rob, Rafael.  The dynamics of
            technological adoption in hardware/software systems: the    
            case of compact disc players.  32p.                         
     2073   Gordon, Robert J.  The aftermath of the 1922 ERM breakup:   
            was there a macroeconomic free lunch?.  71p.                
     2054   Gruber, Harald & Verboven, Frank.  The diffusion of mobile  
            telecommunications services in the European Union.  26p.    
     2072   Haaland, Jan I., et al.  What determines the economic       
            geography of Europe?.  33p.                                 
     2068   Hughes Hallett, Andrew & Piscitelli, Laura.  EMU in reality:
            the effect of a common monetary policy on economies with    
            different transmission mechanisms.  56p.                    
     2074   Huizinga, Harry & Eijffinger, Sylvester.  Should monetary   
            policy be adjusted frequently?.  30p.                       
     2081   Johnson, Simon, McMillan, John & Woodruff, Christopher.     
            Contract enforcement in transition.  51p.                   
     2087   Joskow, Paul & Tirole, Jean.  Transmission rights and market
            power on electric power networks, II: physical rights.  35p.
     2059   Kluve, Jochen, Lehmann, Hartmut & Schmidt, Christoph M.     
            Active labour market policies in Poland: human capital      
            enhancement, stigmatization or benefit churning?.  50p.     
     2089   Koskela, Erkki, Schob, Ronnie & Sinn, Hans-Werner.  Green   
            tax reform and competitiveness.  15p.                       
     2075   Loisel, Olivier & Martin, Philippe.  Coordination,          
            cooperation, contagion and currency crises.  25p.           
     2062   Maclennan, Duncan, Muellbauer, John & Stephens, Mark.       
            Asymmetries in housing and financial market institutions and
            European Monetary Union.  45p.                              
     2055   Melitz, Jacques.  English-language dominance, literature and
            welfare.  39p.                                              
     2063   Micklewright, John & Nagy, Gyula.  The informational value  
            of job search data and the dynamics of search behaviour:    
            evidence from Hungary.  21p.                                
     2061   Micklewright, John & Nagy, Gyula.  Living standards and     
            incentives in transition: the implications of unemployment  
            insurance exhaustion in Hungary.  28p.                      
     2053   Mortensen, Dale T. & Pissarides, Christopher A.  New        
            developments in models of search in the labour market.  81p.
     2056   Palomino, Frederic & Prat, Andrea.  Risk taking and optimal 
            contracts for money managers.  29p.                         
     2051   Persson, Torsten & Tabellini, Guido.  The size and scope of 
            government: comparative politics with rational politicians. 
            46p.                                                        
     2076   Rankin, Neil & Roffia, Barbara.  Maximum sustainable        
            government debt in the overlapping generations model.  28p. 
     2060   Repullo, Rafael & Suarez, Javier.  Entrepreneurial moral    
            hazard and bank monitoring: a model of the credit channel.  
            26p.                                                        


                                                           PAGE  26

     2057   Schmidt, Christoph M.  Persistence and the German           
            unemployment problem: empirical evidence on German labour   
            market flows.  56p.                                         
     2071   Scott, Andrew & Uhlig, Harald.  Fickle investors: an        
            impediment to growth?.  30p.                                
     2088   Sentana, Enrique.  Least square predictions and             
            mean-variance analysis.  25p.                               
     2084   Taylor, Mark.  Self-employment and windfall gains in        
            Britain: evidence from panel data.  37p.                    
     2086   Tirole, Jean.  Corporate governance.  47p.                  
     2069   Verboven, Frank.  The markets for gasoline and diesel cars  
            in Europe.  46p.                                            
     2056   Weigand, Jurgen & Audretsch, David B.  Does science make a  
            difference?: investment, finance and corporate governance in
            German industries.  32p.                                    
     2098   Boeri, Tito & Flinn, Christopher J.  Returns to mobility in 
            the transition to a market economy.  38p.                   
     2119   Boone, Laurence & Maurel, Mathilde.  An optimal currency    
            area perspective of the EU enlargement to the Central and   
            Eastern European countries.  14p.                           
     2103   Brusco, Sandro.  Short-termism as optimal investment policy.
             25p.                                                       
     2114   Cohen, Daniel.  Welfare differentials across French and U.S.
            labour markets: a general equilibrium interpretation.  40p. 
     2104   Fidrmuc, Jan.  Stochastic shocks and incentives for         
            (dis)integration.  19p.                                     
     2102   Forslid, Rikard.  Agglomeration with human physical capital:
            an analytically solvable case.  17p.                        
     2118   Forslid, Rikard & Wooton, Ian.  Comparative advantage and   
            the location of production.  22p.                           
     2092   Geroski, Paul A.  The growth of firms in theory and in      
            practice.  26p.                                             
     2100   Golder, Stefan M. & Straubhaar, Thomas.  Discrimination in  
            the Swiss labour market: an empirical analysis.  22p.       
     2091   Haskel, Jonathan & Slaughter, Matthew J.  Trade, technology 
            and U.K. wage inequality.  35p.                             
     2095   Hoekman, Bernard & Konan, Denise Eby.  Deep integration,    
            non-discrimination and Euro-Meditteranean free trade.  37p. 
     2096   Hoekman, Bernard & Anderson, Kym.  Developing country       
            agriculture and the new trade agenda.  23p.                 
     2106   Hunt, Jennifer.  Post-unification wage growth in East       
            Germany.  43p.                                              
     2105   Johnson, Simon, McMillan, John & Woodruff, Christopher.  Why
            do firms hide?: bribes and unofficial activity after        
            Communism.  57p.                                            
     2093   Joskow, Paul & Tirole, Jean.  Transmission rights and market
            power on electric power networks I: financial rights.  38p. 
     2108   Padoa Schioppa Kostoris, Fiorella.  Regional aspects of     
            unemployment in Europe and in Italy.  50p.                  
     2101   Rochet, Jean-Charles & Tirole, Jean.  Cooperation among     
            competitors: the economics of credit card associations.     
            26p.                                                        
     2110   Saggi, Kamal & Vettas, Nikolaos.  On intraband and          
            interbrand competition: the strategic role of fees and      
            royalties.  48p.                                            



                                                           PAGE  27

     2109   Saint-Paul, Gilles.  The political economy of employment    
            protection.  55p.                                           
     2099   Stevens, Margaret.  Should firms be required to pay for     
            vocational training?.  38p.                                 
     2122   Acemoglu, Daron & Robinson, James A.  Inefficienct          
            redistribution.  27p.                                       
     2130   Aghion, Philippe, Dewatripont, Mathias & Rey, Patrick.      
            Agendy costs, firm behaviour and the nature of competition. 
            40p.                                                        
     2083   Aghion, Philippe, Bacchetta, Philippe & Banerjee, Abhijit.  
            Capital markets and the instability of open economies.  54p.
     2128   Aghion, Philippe, Dewatripoint, Mathias & Rey, Patrick.     
            Competition, financial discipline, and growth.  49p.        
     2121   Altug, Sumru & Filiztekin, Alpay.  Estimates of the returns 
            to scale for U.S. manufacturing.  41p.                      
     2116   Beetsma, Roel M.W.J. & Jensen, Henrik.  Structural          
            convergence under reversible and irreversible monetary      
            unification.  27p.                                          
     2132   Bevelander, Pieter & Nielsen, Helena S.  Declining          
            employment assimilation of immigrants in Sweden: observed or
            unobserved characteristics?.  40p.                          
     2117   Bosello, Francesco, Carraro, Carlo & Galeotti, Marzio.  The 
            double dividend issue: modelling strategies and empirical   
            findings.  43p.                                             
     2125   Bulow, Jeremy & Klemperer, Paul.  The tobacco deal.  63p.   
     2113   de la Fuente, Angel & Domenech, Rafael.  The redistributive 
            effects of the EU budget: an analysis of some reflections on
            the agenda 2000 negotiations.  32p.                         
     2112   Diwan, Ishac & Hoekman, Bernard.  Competition,              
            complementarity and contagion in East Asia.  35p.           
     2131   Djankov, Simeon.  The enterprise isolation programme in     
            Romania.  23p.                                              
     2107   Fershtman, Chaim, Gandal, Neil & Markovich, Sarit.          
            Estimating the effects of tax reform in differentiated      
            product oligopolistic markets.  35p.                        
     2124   Hardouvelis, Gikas, Malliaropulos, Dimitrios & Priestley,   
            Richard.  EMU and European stock market integration.  66p.  
     2126   Hassler, John, et al.  Equilibrium unemployment insurance.  
            41p.                                                        
     2120   Kuo, Biing-Shen & Mikkola, Anne.  How sure are we about     
            PPP?: Panel evidence with the null of stationary real       
            exchange rates.  29p.                                       
     2123   Lane, Philip R.  Do international investment income flows   
            smooth income?.  31p.                                       
     2115   Lane, Philip R.  The new open economy macroeconomics: a     
            survey.  44p.                                               
     2127   Marimon, Ramon & Zilibotti, Fabrizio.  Employment and       
            distributional effects of restricting working time.  44p.   
     2135   Profit, Stefan.  Twin peaks in regional unemployment and    
            returns to scale in job matching in the Czech Republic.     
            33p.                                                        
     2094   Quah, Danny.  The weightless economy in economic            
            development.  45p.                                          
     2129   Raphael, Steven & Winter-Ebmer, Rudolf.  Identifying the    
            effect of unemployment on crime.  35p.                      



                                                           PAGE  28

     2097   Repullo, Rafael & Suarez, Javier.  Venture capital finance: 
            a security design approach.  43p.                           
     2136   Saint-Paul, Gilles.  Assessing the political viability of   
            labour market reform: the case of employment protection.    
            31p.                                                        
     2111   Sinn, Hans-Werner.  Inflation and welfare: comment on Robert
            Lucas.  12p.                                                
     2133   Valletti, Tommaso M. & Estache, Antonio.  The theory of     
            access pricing: an overview for infrastructure regulators.  
            47p.                                                        
     2134   Zalewska-Mitura, Anna.  Does market organization speed up   
            market stabilization?: first lessons from the Budapest and  
            Warsaw stock exchanges.  44p.                               
     2159   Abowd, John, Kramarz, Francis & Margolis, David N.  Minimum 
            wages and employment in France and the United States.  30p. 
     2155   Baldwin, Richard E., Braconier, Henrik & Forslid, Rikard.   
            Multinationals, endogenous growth and technological         
            spillovers: theory and evidence.  24p.                      
     2169   Bansal, Ravi & Dahlquist, Magnus.  The forward premium      
            puzzle: different tales from developed and emerging         
            economies.  46p.                                            
     2167   Beetsma, Roel M.W.J. & Jensen, Henrik.  Risk sharing and    
            moral hazard with a stability pact.  31p.                   
     2156   Bertocchi, Graziella & Spagat, Michael.  The politics of    
            cooptation.  14p.                                           
     2181   Buiter, Willem H.  The EMU and the NAMU: what is the case   
            for North American monetary union?.  40p.                   
     2138   Buiter, Willem H. & Sibert, Anne C.  UDROP: a small         
            contribution to the new international financial             
            architecture.  25p.                                         
     2171   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Hedging and financial fragility in fixed exchange rate      
            regimes.  58p.                                              
     2179   Chang, Won & Winters, L. Alan.  How regional blocs affect   
            excluded countries: the price effects of MERCOSUR.  57p.    
     2139   Clarida, Richard, Gali, Jordi & Gertler, Mark.  The science 
            of monetary policy: a new Keynesian perspective.  103p.     
     2160   Cornelli, Francesca & Goldreich, David.  Bookbuilding and   
            strategic allocation.  42p.                                 
     2158   Crepon, Bruno & Kramarz, Francis.  Working 40 hours or not  
            working 39: lessons from the 1981 mandatory reduction of    
            weekly working hours.  16p.                                 
     2166   Dahlquist, Magnus, Engstrom, Stefan & Soderlind, Paul.      
            Performance and characteristics of Swedish mutual funds,    
            1993-97.  38p.                                              
     2168   Eijffinger, Sylvester, Schaling, Eric & Verhagen, Willem.  A
            theory of interest rate stepping: inflation targeting in a  
            dynamic menu cost model.  48p.                              
     2178   Favero, Carlo A. & Rovelli, Riccardo.  Modelling and        
            identifying central banks' preferences.  29p.               
     2144   Francois, Joseph F. & Schuknecht, Ludger.  Trade in         
            financial services: procompetitive effects and growth       
            performance.  25p.                                          
     2164   Garibaldi, Pietro.  Search unemployment with advance notice.
             37p.                                                       



                                                           PAGE  29

     2146   Geroski, Paul A.  Models of technology diffusion.  47p.     
     2176   Grether, Jean-Marie, de Melo, Jaime & Olarreaga, Marcelo.   
            Who determines Mexican trade policy?.  36p.                 
     2141   Hamilton, Jonathan, Thisse, Jacques-Francois & Zenou, Yves. 
            Wage competition with heterogeneous workers and firms.  22p.
     2162   Hoem, Jan M., Prskawetz, Alexia & Neyer, Gerda.  Third      
            births in Austria: the effect on public policies,           
            educational attainment and labour-force attachment.  50p.   
     2182   Hunt, Jennifer.  Determinants of non-employment and         
            unemployment durations in East Germany.  37p.               
     2149   Irwin, Gregor & Vines, David.  A Krugman-Dooley-Sachs third 
            generation model of the Asian financial crisis.  22p.       
     2148   Jappelli, Tullio & Pistaferri, Luigi.  Consumption insurance
            or consumption mobility.  28p.                              
     2184   Jappelli, Tullio & Pagano, Marco.  Information sharing,     
            lending and defaults: cross-country evidence.  38p.         
     2170   Jeanne, Olivier.  Currency crises: a perspective on recent  
            theoretical developments.  43p.                             
     2142   Jeanne, Olivier & Rose, Andrew K.  Noise trading and        
            exchange rate regimes.  38p.                                
     2163   Klemperer, Paul.  Auction theory: a guide to the literature.
             88p.                                                       
     2173   Konrad, Kai A. & Skaperdas, Stergios.  The market for       
            protection and the origin of the state.  43p.               
     2180   Liew, Jimmy & Vassalou, Maria.  Can book-to-market, size and
            momentum be risk factors that predict economic growth?.     
            32p.                                                        
     2161   Longin, Francois M.  From value at risk to stress testing:  
            the extreme value approach.  52p.                           
     2154   Melitz, Jacques & Zumer, Frederic.  Interregional and       
            international risk sharing and lessons for EMU.  45p.       
     2151   Ottaviano, Gianmarco I.P. & Thisse, Jacques-Francois.       
            Monopolistic competition, multiproduct firms and optimum    
            product diversity.  27p.                                    
     2143   Rodriguez, Francisco & Rodrik, Dani.  Trade policy and      
            economic growth: a skeptic's guide to the cross-national    
            evidence.  79p.                                             
     2140   Rossi, Nicola, Toniolo, Gianni & Vecchi, Giovanni.  Is the  
            Kuznets curve still alive?: evidence from Italy's household 
            budgets, 1881-1961.  57p.                                   
     2153   Rubinstein, Yona & Tsiddon, Daniel.  Coping with            
            technological progress: the role of ability in making       
            inequality so persistent.  56p.                             
     2150   Sarno, Lucio & Taylor, Mark P.  The persistence of capital  
            inflows and the behaviour of stock prices in East Asia      
            emerging markets: some empirical .  45p.                    
     2172   Scott, Andrew.  Does tax smoothing imply smooth taxes?.     
            20p.                                                        
     2174   Sinn, Hans-Werner.  EU enlargement, migration and lessons   
            from German unification.  20p.                              
     2183   Soloaga, Isidro & Winters, L. Alan.  Regionalism in the     
            nineties: what effect on trade?.  28p.                      
     2137   Uhlig, Harald.  What are the effects of monetary policy on  
            output?: results from an agnostic identification procedure. 
            34p.                                                        



                                                           PAGE  30

     2165   Vettas, Nikolaos.  Location as a signal of quality.  53p.   
     2157   Wasmer, Etienne & Zenou, Yves.  Does space affect search?: a
            theory of local unemployment.  37p.                         
     2175   Werner-Sinn, Hans.  The crisis of Germany's pension         
            insurance system and how it can be resolved.  25p.          
     2177   Acemoglu, Daron & Pischke, Jorn-Steffen.  Minimum wages and 
            on-th-job training.  43p.                                   
     2200   Booth, Alison L, Zoega, Gylfi & Francesconi, Marco.         
            Training, rent-sharing and unions.  41p.                    
     2203   Buiter, Willem H. & Panigirtzoglou, Nikolaos.  Liquidity    
            traps: how to avoid them and how to escape them.  69p.      
     2201   Canova, Fabio.  Testing for convergence clubs in income per 
            capita: a predictive density approach.  34p.                
     2191   Caselli, Francesco & Coleman, Wilbur J.  How regions        
            converge.  51p.                                             
     2199   Ciccone, Antonio, Peri, Giovanni & Almond, Douglas.         
            Capital, wages and growth: theory and evidence.  52p.       
     2145   Claessens, Stijn & Djankov, Simeon.  Ownership concentration
            and corporate performance in the Czech Republic.  33p.      
     2202   Conde Ruiz, Jose I. & Galasso, Vincenzo.  Positive          
            arithmetic of the welfare state.  51p.                      
     2186   De Grauwe, Paul & Skudelny, Frauke.  Social conflict and    
            growth in Euroland.  30p.                                   
     2190   Fauli-Oller, Ramon & Corchon, Luis.  To merge or not to     
            merge: that is the question.  27p.                          
     2192   Gruner, Hans P.  On the role of conflicting national        
            interests in the European Central Bank Council.  25p.       
     2187   Haskel, Jonathan & Wolf, Holger.  Why does the `law of one  
            price' fail?: a case study.  25p.                           
     2147   Hatton, Timothy J. & Bailey, Roy E.  Seebohm Rowntree and   
            the post-war poverty puzzle.  35p.                          
     2188   Kind, Hans J., Knarvik, Karen H.M. & Schjelderup, Guttorm.  
            Competing for capital in a `lumpy' world.  25p.             
     2221   Li, David D., et al.  Anonymous banking and financial       
            repression: how does China's reform limit government        
            predation without reducing its.  54p.                       
     2194   Motta, Massimo, Fosfuri, Andrea & Ronde, Thomas.  Foreign   
            direct investment and spillovers through workers' mobility. 
            24p.                                                        
     2185   Ottaviano, Gianmarco I.P. & Thisse, Jacques-Francois.       
            Integration, agglomeration and the political economics of   
            factor mobility.  27p.                                      
     2204   Perotti, Enrico C. & Gelfer, Stanislav.  Red barons or      
            robber barons?: goverance and financing in Russian financial
            industrial groups (FIGs).  24p.                             
     2152   Prat, Andrea.  Campaign advertising and voter welfare.  47p.
     2198   Svensson, Lars E.O.  Does the p* model provide any rationale
            for monetary targeting?.  14p.                              
     2197   Svensson, Lars E.O.  Monetary policy issues for the         
            Eurosystem.  52p.                                           
     2196   Svensson, Lars E.O.  Price stability as a target for        
            monetary policy: defining and maintaining price stability.  
            49p.                                                        
     2195   Svensson, Lars E.O. & Faust, Jon.  The equilibrium degree of
            transparency and control in monetary policy.  24p.          



                                                           PAGE  31

     2189   Wambach, Achim.  Renegotiation before contract execution.   
            38p.                                                        
     2207   Widgren, Mika.  Flexible integration as an efficient        
            decision making rule.  18p.                                 
     2220   Anderson, Frederik & Forslid, Rikard.  Tax competition and  
            economic geography.  21p.                                   
     2206   Artis, Michael J. & Marcellino, Massimilliano.  Fiscal      
            forecasting: the track record of the IMF, OECD and EC.  34p.
     2208   Benkwitz, Alexander, Lutkepohl, Helmut & Wolters, Jurgen.   
            Comparison of bootstrap confidence intervals for impulse    
            responses of German monetary systems.  22p.                 
     2213   Brocas, Isabelle & Carrillo, Juan D.  Entry mistakes,       
            entrepreneurial boldness and optimism.  35p.                
     2205   Buiter, Willem H.  The fallacy of the fiscal theory of the  
            price level.  67p.                                          
     2217   Burda, Michael C.  European labour markets and the Euro: how
            much flexibility do we really need?.  38p.                  
     2219   Demertzis, Maria, Hughes-Hallett, Andrew J. & Viegi, Nicola.
             An independent central bank faced with elected governments.
             38p.                                                       
     2193   Dolado, Juan J. & Maria-Dolores, Ramon.  An empirical study 
            of the cyclical effects of monetary policy in Spain, 1977 - 
            1997.  41p.                                                 
     2222   Foucault, Thierry & Parlour, Christine.  Competition for    
            listings.  49p.                                             
     2216   Gruner, Hans Peter.  Unemployment and labor market reform: a
            contract theory approach.  21p.                             
     2212   Kollintzas, Tryphon, Philippopoulos, Apostolis & Vassilatos,
            Vanghelis.  Normative aspects of fiscal policy in an        
            economic union: a review.  15p.                             
     2218   Lippi, Francesco.  Strategic monetary policy with           
            non-atomistic wage setters: a case for non neutrality.  30p.
     2210   MacDonald, Ronald & Marsh, Ian.  Currency spillovers and    
            tri-polarity: a simultaneous model of the U.S. dollar,      
            German mark and Japanese yen.  38p.                         
     2215   Minford, Patrick, Nowell, Eric & Webb, Bruce.  Nominal      
            contrasting and monetary targets.  44p.                     
     2209   Neuman, Shoshana & Danziger, Leif.  On the age at marriage: 
            theory and evidence from Jews and Moslems in Israel.  26p.  
     2214   Sinn, Hans-Werner.  The competition between competition     
            rules.  33p.                                                
     2211   Zingales, Luigi, Rajan, Raghuran G. & Kumar, Krishna.  What 
            determines firm size?.  51p.                                
     2250   Alesina, Alberto, et al.  Fiscal policy, profits and        
            investment.  49p.                                           
     2242   Artis, Michael J., Krolzig, Hans-Martin & Toro, Juan.  The  
            European business cycle.  31p.                              
     2251   Bhattacharya, Sudipto & Nicodano, Giovanni.  Insider        
            trading, investment and liquidity: a welfare analysis.  29p.
     2257   Boot, Arnoud W.A. & Macey, Jonathan R.  Objectivity,        
            proximity and adaptability in corporate governance.  47p.   
     2248   Braga de Macedo, Jorge, Nunes, Luis Catela & Covas,         
            Francisco.  Moving the escudo into the Euro.  37p.          
     2258   Brana, Sophie & Maurel, Mathilde.  Barter in Russia:        
            liquidity shortage versus lack of restructuring.  25p.      



                                                           PAGE  32

     2237   Brocas, Isabelle & Carrillo, Juan D.  On rush and           
            procrastination.  26p.                                      
     2233   Carlin, Wendy & Mayer, Colin.  Finance, investment and      
            growth.  42p.                                               
     2230   Cheung, Yin-Wong, Chinn, Menzie D. & Marsh, Ian W.  How do  
            UK-based foreign exchange dealers think their market        
            operates?.  29p.                                            
     2227   Colombo, Emilio.  Restructuring as a signal: a simple       
            formalization.  29p.                                        
     2236   Cukierman, Alex & Lippi, Francesco.  Labour markets and     
            monetary union: a strategic analysis.  33p.                 
     2256   Duranton, Gilles & Puga, Diego.  Diversity and              
            specialization in cities: why, where and when does it       
            matter?.  28p.                                              
     2249   Dutz, Mark & Hayri, Aydin.  Does more intense competition   
            lead to higher growth?.  39p.                               
     2261   Faggio, Giulia & Konings, Jozef.  Gross job flows and firm  
            growth in transition countries: evidence using firm level   
            data on five countries.  42p.                               
     2259   Fatas, Antonio & Mihov, Ilian.  Government size and         
            automatic stabilizers: international and intranational      
            evidence.  30p.                                             
     2264   Femminis, Gianluca.  On the optimality of risk-sharing in   
            growth models: the role of `education'.  15p.               
     2247   Forslid, Rikard, Haaland, Jan I. & Knarvik, Karen H.M.  A   
            U-shaped Europe?: a simulation study of industrial location.
             30p.                                                       
     2265   Foucault, Thierry, Roell, Ailsa & Sandas, Patrik.  Imperfect
            market-monitoring and SOES trading.  55p.                   
     2238   Freixas, Xavier.  Optimal bail-out, conditionality and      
            creative ambiguity.  30p.                                   
     2246   Gali, Jordi & Gertler, Mark.  Inflation dynamics: a         
            structural economic analysis.  29p.                         
     2224   Grosfeld, Irena, et al.  Dynamics and inertia on the Russian
            labour market: a model of segmentation.  33p.               
     2240   Grossman, Gene M.  Imperfect labour contracts and           
            international trade.  39p.                                  
     2234   Honkapohja, Seppo & Turunen-Red, Arja.  Complementarity,    
            growth and trade.  38p.                                     
     2267   Imbs, Jean.  Co-fluctuations.  47p.                         
     2231   Lane, Philip & Milesi-Ferretti, Gian Maria.  The external   
            wealth of nations: measures of foreign assets and           
            liabilities for industrial and developing countries.  53p.  
     2239   Laroque, Guy & Salanie, Bernard.  Breaking down married     
            female non-employment in France.  45p.                      
     2260   Leahy, Dermot & Montagna, Catia.  Unionization and foreign  
            direct investment: challenging conventional wisdom?.  25p.  
     2223   Lettau, Martin & Ludvigson, Sydney.  Consumption, aggregate 
            wealth and expected stock returns.  57p.                    
     2262   Manasse, Paolo & Turrini, Alessandro.  Trade, wages and     
            superstars.  31p.                                           
     2245   Marin, Dalia & Schnitzer, Monika.  Disorganization and      
            financial collapse.  31p.                                   
     2232   Martin, Philippe & Rey, Helene.  Financial super-markets:   
            size matters for asset trade.  25p.                         



                                                           PAGE  33

     2255   Overman, Henry G. & Puga, Diego.  Unemployment clusters     
            across European regions and countries.  36p.                
     2243   Perotti, Enrico C. & van Oijen, Pieter.  Privatization,     
            political risk and stock market development.  30p.          
     2235   Persson, Torsten & Tabellini, Guido.  Political economics   
            and public finance.  131p.                                  
     2225   Portes, Richard & Roy, Helene.  The determinants of         
            cross-border equity flows.  33p.                            
     2244   Puhani, Patrick A.  Public training and outflows from       
            unemployment: an augmented matching function approach on    
            Polish regional data.  47p.                                 
     2226   Rey, Helene.  International trade and currency exchange.    
            48p.                                                        
     2229   Schoors, Koen.  The credit squeeze during Russia's early    
            transition: a bank-based view.  46p.                        
     2228   Smarzynska, Beata.  Composition of foreign direct investment
            and protection of intellectual property rights in transition
            economies.  49p.                                            
     2263   Sorm, Vit & Terrell, Katherine.  A comparative look at      
            labour mobility in the Czech Republic: where have all the   
            workers gone?.  37p.                                        
     2241   Vinals, Jose & Valles, Javier.  On the real effects of      
            monetary policy: a central banker's view.  38p.             
     2253   Wyplosz, Charles.  Financial restraints and liberalization  
            in postwar Europe.  50p.                                    
     2252   Wyplosz, Charles.  Towards a more perfect EMU.  34p.        

     UNIVERSITY OF ESSEX.  Department of Economics.                     

     492    Dhami, Sanjit.  Income uncertainty, measurement problems and
            optimal multidimensional income taxation.  24p.             
     490    Dhami, Sanjit.  A multitask agency theory of optimal        
            agrarian labor contracts.  20p.                             
     494    Guariglia, Alessandra.  Liquidity constraints and firms'    
            investment return behaviour.  26p.                          
     49