New Acquisitions - December, 1995


     UNIVERSITY OF ADELAIDE.  Department of Economics.                  

     95-2   Richardson, Sue.  Education and social justice.  27p.       

     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     9511   Arnott, Richard, de Palma, Andre & Lindsey, Robin.  Recent  
            developments in the bottleneck model.  47p.                 
     9510   Landon, Stuart.  Institutional structure and education      
            spending.  35p.                                             

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

     62     Cooper, Russell, Haltiwanger, John & Power, Laura.  Machine 
            replacement and the business cycle: lumps and bumps.  52p.  
     61     Ma, Ching-to Albert.  Option contracts and vertical         
            foreclosure.  24p.                                          

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     240    Branstetter, Lee, et al.  The time series relationship      
            between investment and cash flow in the scientific sector: a
            panel data study.  46p.                                     
     238    Edlin, Aaron S. & Shannon, Chris.  Strict monotonicity in   
            comparative statics.  15p.                                  
     239    O'Regan, Katherine M. & Quigley, John M.  Teenage employment
            and the spatial isolation of minority and poverty           
            households.  19p.                                           
     241    Rabin, Matthew.  Moral preferences, moral constraints, and  
            self-serving biases.  44p.                                  

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9507   Winkelmann, Liliana & Winkelmann, Rainer.  Unemployment:    
            where does it hurt?.  28p.                                  

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1255   Barro, Robert J. & Sala-i-Martin, Xavier.  Technological    
            diffusion, convergence, and growth.  43p.                   
     1248   Bayoumi, Tamim & Eichengreen, Barry.  The stability of the  
            gold standard and the evolution of the international        
            monetary system.  33p.                                      
     1259   Bentolila, Samuel & Jimeno, Juan F.  Regional unemployment  
            persistence (Spain, 1976-94).  38p.                         
     1257   Bofinger, Peter & Schachter, Andrea.  Alternative operating 
            procedures for monetary policy: a new look at the money     
            supply process.  32p.                                       
     1258   Gerlach, Stefan & Smets, Frank.  The term structure of      
            Euro-rates: some evidence in support of the expectations    
            hypothesis.  34p.                                           
     1251   Jappelli, Tullio.  The age-wealth profile and the life-cycle
            hypothesis: a cohort analysis with a time series of         
            cross-sections of Ita.  38p.                                
     1243   Leahy, Dermot & Neary, J. Peter.  Public policy towards R & 
            D in oligopolistic industries.  35p.                        
     1253   Neely, Christopher J., Weller, Paul A. & Corbae, P. Dean.   
            Endogenous realignments and the sustainability of a target  
            zone.  42p.                                                 
     1252   Razin, Assaf & Yuen, Chi-Wa.  Can capital controls alter the
            inflation-unemployment trade-off?.  18p.                    
     1254   Sala-i-Martin, Xavier.  The classical approach to           
            convergence analysis.  37p.                                 
     1249   Svensson, Lars E.O.  Optimal inflation targets,             
            `conservative' central banks, and linear inflation          
            contracts.  33p.                                            
     1215   van Wijnbergen, Sweder & Marcincin, Anton.  Voucher         
            privatization, corporate control and the cost of capital: an
            analysis of the Czech privatization programme.  23p.        

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     95-7   Cushman, David O. & Zha, Tao.  Identifying monetary policy  
            in a small open economy under flexible exchange rates.  40p.
     95-5   Goswami, Gautam, Noe, Thomas & Rebello, Michael.  Collusion 
            in uniform-price auctions: experimental evidence and        
            implications for Treasury auctions.  44p.                   
     95-9   Moen, Jon R & Tallman, Ellis W.  Clearinghouse access and   
            bank runs: comparing New York and Chicago during the panic  
            of 1907.  25p.                                              
     95-6   Sims, Christopher A. & Zha, Tao.  Error bands for impulse   
            responses.  53p.                                            
     95-8   Zha, Tao.  Bankruptcy law, capital allocation, & aggregate  
            effects:a dynamic heterogeneous agent model with incomplete 
            markets.  30p.                                              

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9516   Chang, Chih-Ping & Zhang, Huan.  The stock market and       
            monetary policy: the role of macroeconomic states.  28p.    
     9514   Duca, John V.  Credit availability, bank consumer lending,  
            and consumer durables.  33p.                                
     9513   Duca, John V.  The interest sensitivity of GDP and accurate 
            reg q measures.  23p.                                       
     9512   Duca, John V.  Regulatory changes and housing coefficients. 
            27p.                                                        
     9511   Haslag, Joseph H.  A comparison of alternative monetary     
            environments.  29p.                                         
     9515   Haslag, Joseph H.  Monetary policy, banking, and growth.    
            31p.                                                        

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9509   Engel, Charles & Rogers, John H.  How wide is the border?.  
            26p.                                                        
     9510   Hess, Gregory D. & Iwata, Shigeru.  Measuring business cycle
            features.  46p.                                             
     9508   Kahn, George A.  New estimates of the U.S. economy's        
            potential growth rate.  34p.                                

     FED RESERVE BANK OF MPLS-UNIV OF MINN.  Inst. for Empirical Macro. 

     105    Huggett, Mark.  The one-sector growth model with            
            idiosyncratic shocks.  19p.                                 
     106    Huggett, Mark & Ventura, Gustavo.  Understanding why high   
            income households save more than low income households.     
            33p.                                                        

     FEDERAL RESERVE BANK OF NEW YORK. Research & Market Analysis Group.

     6      Boldin, Michael D.  An efficient, three-step algorithm for  
            estimating error-correction models with an application to   
            the U.S. macroecon.  28p.                                   
     7      Park, Sangkyun.  The relationship between government        
            financial condition and expected tax rates reflected in     
            municipal bond yields.  35p.                                

     FEDERAL RESERVE BANK OF PHILDELPHIA.  Economic Research Division.  

     9519   McAndrews, James J. & Wasilyew, George.  Simulations of     
            failure in a payment system.  22p.                          
     9521   Nakamura, Leonard I.  Is U.S. economic performance really   
            that bad?.  50p.                                            
     9520   Sill, Keith.  Some empirical evidence on money demand from a
            cash-in-advance model.  29p.                                

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9546   Jovanovic, Boyan & Lach, Saul.  Product innovation and the  
            business cycle.  28p.                                       
     9545   Lebow, David E., Stockton, David J. & Wascher, William L.   
            Inflation, nominal wage rigidity, and the efficiency of     
            labor markets.  42p.                                        
     9544   Schmitt-Grohe, Stephanie & Uribe, Martin.  Balanced budget  
            rules, distortionary taxes, and aggregate instability.  37p.

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     528    Stevens, Guy V.G.  On the inverse of the covariance matrix  
            in portfolio analysis.  13p.                                
     529    Miller, Marcus & Zhang, Lei.  Hyperinflation and            
            stabilisation: Cagan revisited.  21p.                       

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1740   Ball, Laurence & Mankiw, N. Gregory.  What do budget        
            deficits do?.  37p.                                         
     1732   Barr, David G. & Campbell, John Y.  Inflation, real interest
            rates, and the bond market: a study of U.K. nominal and     
            index linked government bond price.  43p.                   
     1730   Bergson, Abram.  The big bang in Russia: an overview.  27p. 
     1734   Bohn, James & Hall, Brian J.  Property and casualty solvency
            funds as a tax and social insurance system.  48p.           
     1735   Christensen, Laurits R. & Caves, Richard E.  Cheap talk and 
            investment rivalry in the pulp and paper industry.  35p.    
     1738   Glaeser, Edward I., Sacerdote, Bruce & Scheinkman, Jose A.  
            Crime and social interactions.  55p.                        
     1736   Imbens, Guido W., Johnson, Phillip & Spady, Richard H.      
            Information theoretic approaches to inference in moment     
            condition models.  33p.                                     
     1731   Mankiw, N. Gregory.  The growth of nations.  60p.           
     1733   Sachs, Jeffrey & Warner, Andrew.  Economic reform and the   
            process of global integration.  114p.                       
     1741   Shleifer, Andrei & Vishny, Robert W.  A survey of corporate 
            governance.  82p.                                           
     1739   Tornell, Aaron.  Economic growth and decline with endogenous
            property rights.  37p.                                      
     1737   Weitzman, Martin L.  Sustainability and the welfare         
            significance of national product revisited.  13p.           

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     81     Granot, Daniel & Maschler, Michael.  The reactive bargaining
            set: structure, dynamics and extension to NTU games.  20p.  

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     312    Miyagawa, Tsutomu.  The role of technical progress in       
            Japanese environmental problems.  30p.                      

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9542   Abowd, J.M., Corbel, P. & Kramarz, F.  The entry and exit of
            workers and the growth of employment: an analysis of French 
            establishments.  29p.                                       
     9541   Broze, L. & Gourieroux, C.  Pseudo maximum likelihood       
            method, adjusted pseudo maximum likelihood method and       
            covariance estimators.  31p.                                

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9513   Eden, Benjamin & Horowitz, Joel L.  Inventories, time on the
            market and prices in an economy with uncertain and          
            sequential trade: theory & an empirical.  28p.              
     9514   Wu, S.Y.  A general equilibrium model of the three-sector   
            competitive economy.  45p.                                  

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9517   Choe, Chongwoo.  Complex security as an optimal contract    
            under private information.  30p.                            
     9521   Choe, Chongwoo.  Core of a production economy revisited.    
            23p.                                                        
     9513   Clarke, Harry R.  Forest rotation and streamflow benefits.  
            27p.                                                        
     9519   King, J.E.  The first post Keynesian: Joan Robinson's       
            "Essays in the Theory of Employment" (1937).  28p.          
     9520   King, J.E.  Hyman Minsky: the making of a post Keynesian.   
            19p.                                                        

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     219    Cumby, Robert E. & Evans, Martin D.D.  The term structure of
            credit risk: estimates and specifications.  45p.            
     218    Fremault Vila, Anne & Sandmann, Gleb.  Floor trading versus 
            electronic screen trading: an empirical analysis of market  
            liquidity & info transmission...  49p.                      
     217    Suarez, Javier & Sussman, Oren.  Endogenous cycles in a     
            Stiglitz-Weiss economy.  29p.                               

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     9/95   Blake, David & Nied, Angelika.  The demand for alcohol in   
            the United Kingdom.  52p.                                   
     10/95  Boyd, Derick & SMith, Ron.  Testing for stationarity of the 
            real exchange rate in developing countries.  12p.           
     8/95   Coakley, Jerry, Kulasi, Farida & Smith, Ron.  Current       
            account solvency and the Feldstein-Horioka puzzle.  25p.    

     UNIV. OF LONDON-BIRKBECK COLLEGE.  Papers in Financial Economics.  

     6/95   Acar, Emmanuel & Satchell, Stephen E.  A theoretical        
            analysis of trading rules: an application to the moving     
            average case with Markovian returns.  17p.                  
     7/95   Dacco, Roberto & Satchell, Stephen E.  Why do regime        
            switching models forecast so badly?.  26p.                  

     UNIVERSITY COLLEGE LONDON.  Department of Economics.               

     9510   Binmore, Ken.  Backward induction and rationality.  20p.    
     9519   Blundell, Richard, Griffith, Rachel & van Reenen, John.     
            Market share, market value and innovation in a panel of     
            British manufacturing firms.  45p.                          
     9514   Carlin, Wendy, Van Reenen, John & Wolfe, Toby.  Enterprise  
            restructuring in early transition: the case study evidence  
            from Central and Eastern Europe.  36p.                      
     9517   Chennells, Lucy & Van Reenen, John.  Wages and technology in
            British plants: do workers get a fair share of the plunder?.
             45p.                                                       
     9513   Chick, Victoria.  Finance and investment in the context of  
            development: a post Keynesian perspective.  16p.            
     9512   Chick, Victoria.  The multiplier and finance.  28p.         
     9515   Del Boca, Alessandra & Rota, Paula.  How much does hiring   
            and firing cost?: survey evidence from Italy.  35p.         
     9518   Geroski, Paul, Van Reenen, John & Walters, Chris.           
            Innovations, patents, and cash flow.  40p.                  
     9511   Menezes-Filho, Naercio, Ulph, David & Van Reenen, John.  R &
            D and union bargaining: evidence from British companies and 
            establishments.  60p.                                       
     9516   Thomas, Jonathan M.  The role of selective job search in    
            U.K. umemployment.  27p.                                    

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     9/95   Heaton, Chris.  The financial returns to investment in      
            overseas and local post-school education.  23p.             
     11/95  O'Donnell, Rod.  Keynes and formalism.  29p.                
     10/95  Sinha, Tapen & Sinha, Dipendra.  Is there a long-run        
            relationship between the Indian stock market and the stock  
            markets of the developed world?.  8p.                       
     12/95  Walters, David & Halliday, Michael.  The role of marketing  
            in creating shareholder value: implications for strategy    
            decisions.  20p.                                            

     UNIVERSITY OF MARYLAND.  Center for International Economics.       

     14     Calvo, Guillermo A. & Mendoza, Enrique G.  Explaining the   
            dollar: does monetary policy in developing countries        
            matter?.  27p.                                              
     15     Calvo, Guillermo.  Varieties of capital-market crises.  32p.
     16     Reinhart, Carmen M. & Reinhart, Vincent R.  On the use of   
            reserve requirements in dealing with capital flow problems. 
            46p.                                                        

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     9511   Barnett, Steven A. & Sakellaris, Plutarchos.  Non-linear    
            response of firm investment to q: testing a model of convex 
            and non convex adjustment costs.  37p.                      
     9513   Binder, Michael & Pesaran, M. Hashem.  Decision making in   
            the presence of heterogeneous information and social        
            interactions.  46p.                                         
     9512   Dellas, Harris & Sakellaris, Plutarchos.  On the cyclicality
            of the demand for education: theory and evidence.  49p.     

     MASSACHUSETTS INSTITUTE OF TECHNOLOGY.  Department of Economics.   

     9524   Acemoglu, Daron & Scott, Andrew.  Asymmetric business       
            cycles: theory and time series evidence.  35p.              
     9525   Acemoglu, Daron.  Matching, heterogeneity and the evolution 
            of income distribution.  51p.                               
     9518   Bai, Jushan.  Estimating multiple breaks one at a time.     
            44p.                                                        
     9517   Bai, Jushan & Perron, Pierre.  Estimating and testing linear
            models with multiple structural changes.  60p.              
     9521   Caballero, Ricardo J. & Hammour, Mohamad L.  On the ills of 
            adjustment.  34p.                                           
     9523   Eckaus, Richard S.  Economic reform and the opening of the  
            Chinese economy to international trade and finance.  67p.   
     9522   Eckaus, Richard S.  The metamorphosis of giants: China and  
            India in transition.  36p.                                  
     9520   Genesove, David & Mullin, Wallace P.  Validating the        
            conjectural variation method: the sugar industry, 1890-1914.
             48p.                                                       
     9519   Jappelli, Tullio, Pischke, Jorn-Steffen & Souleles, Nicholas
            S.  Testing for liquidity constraints in Euler equations    
            with complementary data sources.  74p.                      
     9526   Temin, Peter.  Two views of the British Industrial          
            Revolution.  49p.                                           

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     485    Creedy, John.  The optimal linear income tax: utility and   
            equivalent income.  17p.                                    
     486    Guest, Ross S. & McDonald, Ian M.  The volatility of the    
            socially optimal level of investment.  53p.                 
     487    Henry, Olan T.J.  Modeling the asymmetry of stock market    
            volatility.  22p.                                           

     UNIVERSITY OF MICHIGAN.  Ctr. for Research on Econ & Social Theory.

     9507   Bergstrom, Ted.  Economics in a family way.  39p.           
     9508   Bergstrom, Ted.  Evolution of behavior in family games.     
            20p.                                                        
     9510   Brooks, Robin, et al.  When is the standard analysis of     
            common property extraction under free access correct?: a    
            game theoretic justificat.  18p.                            
     9506   Bui, Linda T.M.  Gains from trade in the optimal control of 
            environmental externalities: evidence from acid rain        
            abatement...  45p.                                          
     9504   De Arcangelis, Guiseppe.  Collapse of fixed exchange rate   
            regimes as breakdown in cooperation: the EMS in 1992-93 and 
            the transition to EMU.  39p.                                
     9505   Deardorff, Alan V.  Determinants of bilateral trade: does   
            gravity work in a neoclassical world?.  27p.                
     9509   Salant, Stephen, Kalat, Karen L. & Wheatcroft, Ana-Maria.   
            Deducing implications of fitness maximization when a        
            tradeoff exists among alternative currencies.  40p.         
     9503   Sonmez, Tayfun.  Implementation in generalized matching     
            problems.  15p.                                             
     9502   Sonmez, Tayfun.  Strategy-proofness and singleton cores in  
            generalized matching problems.  16p.                        
     9501   Sonmez, Tayfun.  Strategy-proofness in many-to-one matching 
            problems.  21p.                                             

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     284    Gjerstad, Steven & Dickhaut, John.  Price formation in      
            double auctions.  27p.                                      

     MONASH UNIVERSITY.  Department of Econometrics.                    

     12/95  Ara, Ismat & King, Maxwell L.  Marginal likelihood based    
            tests of a subvector of the parameter vector of linear      
            regression disturbances.  39p.                              
     15/95  Forbes, Catherine S., King, Maxwell L. & Morgan, Alan.  A   
            small sample variable selection procedure.  24p.            
     11/95  Kalb, Guyonne R.J., Kofman, Paul & Vorst, Ton C.F.  Mixtures
            of tails in clustered automobile collision claims.  30p.    
     14/95  Martens, Martin, Kofman, Paul & Vorst, Ton C.F.  A          
            threshhold error correction model for intraday futures and  
            index returns.  32p.                                        
     13/95  Powell, Alan A.  From Dornbusch to Murphy: stylized monetary
            dynamics of a contemporary macroeconometric model.  29p.    

     MONASH UNIVERSITY.  Department of Economics.                       

     23/95  Cheng, Wenli & Ng, Yew-Kwang.  Intra-firm branch competition
            for a monopolist.  30p.                                     
     14/95  Cobb-Clark, Deborah A., Shiells, Clinton R. & Lowell, B.    
            Lindsay.  Immigration reform: the effects of employer       
            sanctions and legalization on wages.  47p.                  
     22/95  Guttman, Joel M.  Rational actors, tit-for-tat types, and   
            the evolution of cooperation.  37p.                         
     13/95  Kemp, Murray C. & Sinn, Hans-Werner.  A simple model of     
            privately profitable but socially harmful speculation.  14p.
     21/95  King, Stephen & Pitchford, Rohan.  Economic theories of     
            privatisation and corporatisation.  22p.                    
     15/95  Mei, Wen.  Per capita resource, division of labour, and     
            productivity.  22p.                                         
     16/95  Ng, Yew-Kwang.  Relative income and Diamond effects: a case 
            for burden-free taxes and higher public expenditures.  9p.  
     24/95  Yang, Xiaokai & Ng, Siang.  Specialization and division of  
            labor: a survey.  41p.                                      

     UNIVERSITE DE MONTREAL.  Departement de Sciences Economiques.      

     9545   Arcand, Jean-Louis.  Land ownership, working capital, and   
            agricultural output: Egypt, 1913-1958.  91p.                
     9546   Arcand, Jean-Louis & Dagenais, Marcel G.  The empirics of   
            economic growth in a cross section of countries: do errors  
            in variables really not matter?.  63p.                      
     9522   Bronsard, Camille, Salvas-Bronsard, Lise & Trognon, Alain.  
            On the residual dynamics implied by the rational            
            expectations hypothesis.  16p.                              
     9532   Bronsard, Camille, Michel, Philippe & Salvas-Bronsard, Lise.
             Singular demand systems as an instrument of scientific     
            discovery.  15p.                                            
     9523   Campbell, Bryan & Ghysels, Eric.  An empirical analysis of  
            the Canadian budget process.  28p.                          
     9520   Charles, Sandra, Vaillancourt, Francois & Marceau, Nicholas.
             The impact of decentralization on growth and democracy: a  
            note.  11p.                                                 
     9533   Dionne, Georges & Fluet, Claude.  Incentives in multiperiod 
            regulation and procurement: a graphical analysis.  44p.     
     9531   Dionne, G. & Fombaron, Nathalie.  Non-convexities and       
            efficiency of equilibria in insurance markets with          
            asymmetric information.  20p.                               
     9537   Dionne, Georges, Gagne, Robert & Vanasse, Charles.          
            Inferring technological parameters from incomplete panel    
            data.  38p.                                                 
     9528   Dionne, G., Artis, M. & Guillen, M.  On the repayment of    
            personal loans under asymmetrical information: a count data 
            model approach.  31p.                                       
     9539   Dufour, Jean-Marie.  Some impossibility theorems in         
            econometrics with applications to instrumental variables,   
            dynamic models & cointegration.  40p.                           
     9548   Dufour, Jean-Marie & Kiviet, Jan F.  Exact tests for        
            structural change in first-order dynamic models.  37p.      
     9538   Dufour, Jean-Marie & Renault, Eric.  Short-run and long-run 
            causality in time series: theory.  38p.                     
     9525   Ghysels, Eric.  On stable factor structures in the pricing  
            of risk.  36p.                                              
     9536   Ghysels, Eric, Gouieroux, Christian & Jasiak, Joana.  Market
            time and asset price movements: theory and estimation.  59p.
     9524   Ghysels, Eric, Guay, Alain & Hall, Alastair.  Predictive    
            tests for structural change with unknown breakpoint.  27p.  
     9544   Kichian, Maral, Garcia, Rene & Ghysels, Eric.  On the       
            dynamic specification of international asset pricing models.
             27p.                                                       
     9549   Kiviet, Jan F. & Dufour, Jean-Marie.  Exact tests in single 
            equation autoregressive distributed lag models.  36p.       
     9526   Kollmann, Robert.  Mark up fluctuations in U.S.             
            manufacturing and trade: new empirical evidence based on a  
            model of optimal storage.  20p.                             
     9527   Laberge-Nadeau, Claire, et al.  Medical conditions and the  
            severity of commercial motor vehicle (CMV) drivers' road    
            accidents.  24p.                                            
     9541   Loranger, Jean-Guy.  Neoliberalism and the overwhelming     
            influence of financial markets: a comprehensive analysis... 
            31p.                                                        
     9540   Mercenier, Jean & Michel, Philippe.  Temporal aggregation in
            a multi-sector economy with endogenous growth.  15p.        
     9534   Ng, Serena & Perron, Pierre.  Estimation and inference in   
            nearly unbalanced, nearly cointegrated systems.  36p.       
     9535   Ng, Serena & Perron, Pierre.  The exact error in estimating 
            the spectral density at the origin.  31p.                   
     9530   Pesaran, M. Hashem & Ruge-Murcia, Francisco J.  A           
            discrete-time version of target zone models with jumps.     
            48p.                                                        
     9529   Ruge-Murcia, Francisco J.  Government expenditure and the   
            dynamics of high inflation.  43p.                           
     9521   Sprumont, Yves.  Balanced egalitarian redistribution of     
            income.  15p.                                               
     9519   Sprumont, Yves.  On the game-theoretic structure of         
            public-good economies.  19p.                                

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     5329   Atkeson, Andrew & Rios-Rull, Jose-Victor.  How Mexico lost  
            its foreign exchange reserves.  45p.                        
     5282   Attanasio, Orazio P.  Consumer durables and inertial        
            behavior: estimation and aggregation of (S,s) rules.  42p.  
     5326   Barro, Robert J.  Inflation and economic growth.  34p.      
     5327   Barro, Robert J.  Optimal debt management.  36p.            
     5323   Bartov, Eli, Bodnar, Gordon M. & Kaul, Aditya.  Exchange    
            rate variability and the riskiness of U.S. multinational    
            firms.  30p.                                                
     5283   Bayoumi, Tamim & Eichengreen, Barry.  Is regionalism simply 
            a diversion?: evidence from the evolution of the EC and     
            EFTA.  40p.                                                 
     5307   Bekaert, Geert & Harvey, Campbell R.  Emerging equity market
            volatility.  77p.                                           
     5308   Boone, Peter.  Politics and the effectiveness of foreign    
            aid.  56p.                                                  
     5290   Bradford, David F.  Consumption taxes: some fundamental     
            transition issues.  45p.                                    
     5291   Brock, William A. & Durlauf, Steven N.  Discrete choice with
            social interactions I: theory.  39p.                        
     5286   Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Sectoral Solow residuals.  11p.                             
     5310   Cecchetti, Stephen G. & Kashyap, Anil K.  International     
            cycles.  40p.                                               
     5319   Chaloupka, Frank J. & Wechsler, Henry.  The impact of price,
            availibility, and alcohol control policies on binge drinking
            in college.  34p.                                           
     5324   Chen, Tai-Jy & Liu, Meng-chun.  Bilateral negotiations and  
            multilateral trade: the case of Taiwan-U.S. trade talks.    
            44p.                                                        
     5280   Chinn, Menzie & Dooley, Michael.  Asia-Pacific capital      
            markets: integration and implications for economic activity.
             40p.                                                       
     5292   Christiano, Lawrence J. & Fisher, Jonas.  Tobin's q and     
            asset returns: implications for business cycle analysis.    
            62p.                                                        
     5328   Costa, Dora L.  The political economy of state provided     
            health insurance in the progressive era: evidence from      
            California.  35p.                                           
     5296   Deaton, Angus & Paxson, Christina.  Measuring poverty among 
            the elderly.  50p.                                          
     5316   Dick, Andrew W. & Edlin, Aaron S.  The implicit taxes from  
            college financial aid.  36p.                                
     5297   Dwyer, Debra S., et al.  Evaluating mental health capitation
            treatment: lessons from panel data.  27p.                   
     5299   Dynan, Karen E. & Rouse, Cecilia E.  The underepresentation 
            of women in economics: a study of undergraduate economic    
            students.  27p.                                             
     5312   Engel, Charles.  The forward discount anomaly and the risk  
            premium: a survey of recent evidence.  11p.                 
     5281   Feldstein, Martin.  Would privatizing social security raise 
            economic welfare?.  27p.                                    
     5318   Flood, Robert P., Garber, Peter M. & Kramer, Charles.       
            Collapsing exchange rate regimes: another linear example.   
            23p.                                                        
     5306   Frank, Richard G. & Salkever, David S.  Generic entry and   
            the pricing of pharmaceuticals.  23p.                       
     5314   Genesove, David & Mullin, Wallace P.  Validating the        
            conjectural variation method: the sugar industry, 1890-1914.
             48p.                                                       
     5332   Giavazzi, Francesco & Pagano, Marco.  Non-Keynesian effects 
            of fiscal policy changes: international evidence and the    
            Swedish experience.  46p.                                   
     5325   Goto, Junichi & Hamada, Koichi.  EU, NAFTA, and Asian       
            responses: a perspective from the calculus of participation.
             38p.                                                       
     5315   Hamermesh, Daniel S. & Slesnick, Daniel T.  Unemployment    
            insurance and household welfare: microeconomic evidence,    
            1980-93.  27p.                                              
     5225   Harrison, Ann & Revenga, Ana.  The effects of trade policy  
            reform: what do we really know?.  48p.                      
     5288   Heckman, James, Layne-Farrar, Anne & Todd, Petra.  The      
            schooling quality earnings relationship: using economic     
            theory to interpret functional forms consistent w/ evid.    
            63p.                                                        
     5309   Helpman, Elhanan.  Politics and trade policy.  34p.         
     5295   Holtz-Eakin, Douglas & Lovely, Mary E.  Scale economies,    
            returns to variety, and the productivity of public          
            infrastructure.  27p.                                       
     5333   Ichniowski, Casey, Shaw, Kathryn & Prennushi, Giovanna.  The
            effects of human resource management practices on           
            productivity.  52p.                                         
     5321   Jovanovic, Boyan & Nyarko, Yaw.  Research and productivity. 
            25p.                                                        
     5330   Kotlikoff, Laurence J.  Privatization of social security:   
            how it works and why it matters.  45p.                      
     5302   Krueger, Alan & Kruse, Douglas.  Labor market effects of    
            spinal cord injuries in the dawn of the computer age.  36p. 
     5284   Lamont, Owen.  Macroeconomic forecasts and microeconomic    
            forecasters.  35p.                                          
     5311   La Porta, Rafael, et al.  Good news for value stocks:       
            further evidence on market efficiency.  23p.                
     5334   Lazear, Edward P.  Hiring risky workers.  24p.              
     5289   Lewis, Karen K.  Stochastic regime switching and stabilizing
            policies within regimes.  32p.                              
     5320   Liebeskind, Julia P., et al.  Social networks, learning, and
            flexibility: sourcing scientific knowledge in new           
            biotechnology firms.  42p.                                  
     5331   Loeb, Susana & Bound, John.  The effect of measured school  
            inputs on academic achievement: evidence from the 1920s,    
            1930s, and 1940s birth cohor.  42p.                         
     5294   McClellan, Mark B. & Wise, David A.  Where the money goes:  
            medical expenditures in a large corporation.  47p.          
     5317   Milesi-Ferretti, Gian Maria & Roubini, Nouriel.  Growth     
            effects of income and consumption taxes: positive and       
            normative analysis.  40p.                                   
     5293   Mocan, H. Naci.  The child care industry: cost functions,   
            efficiency, and quality.  47p.                              
     5285   Obstfeld, Maurice.  Models of currency crises with          
            self-fulfilling features.  19p.                             
     5301   Paxson, Christina.  Saving and growth: evidence from micro  
            data.  51p.                                                 
     5287   Poterba, James M., Venti, Steven F. & Wise, David A.  The   
            effects of special saving programs on saving and wealth.    
            49p.                                                        
     5298   Poterba, James M., Venti, Steven F. & Wise, David A.        
            Lump-sum distributions from retirement saving plans: receipt
            and utilization.  42p.                                      
     5313   Roubini, Nouriel & Grilli, Vittorio.  Liquidity models in   
            open economies: theory and empirical evidence.  15p.        
     5304   Shea, John.  Comovement in cities.  46p.                    
     5305   Shea, John.  Complementarities and comovements.  40p.       
     5303   Slaughter, Matthew J.  The antebellum transportation        
            revolution and factor price convergence.  51p.              
     5300   Tornell, Aaron & Velasco, Andres.  Money-based versus       
            exchange rate-based stabilization with endogenous fiscal    
            policy.  37p.                                               
     5322   Tornell, Aaron & Esquivel, Gerardo.  The political economy  
            of Mexico's entry into NAFTA.  49p.                         

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9514   Cumby, Robert E. & Evans, Martin D.D.  The term structure of
            credit risk: estimates and specification tests.  28p.       
     9512   Economides, Nicholas & Flyer, Frederick.  Technological     
            standards coalitions for network goods.  32p.               
     9513   Evans, Martin D.D.  Dividend variability and stock market   
            swings.  44p.                                               
     9517   Grilli, Vittorio & Roubini, Nouriel.  Liquidity and exchange
            rates: puzzling evidence from the G-7 countries.  44p.      
     9516   Grilli, Vittorio & Roubini, Nouriel.  Liquidity models in   
            open economies: theory and empirical evidence.  15p.        
     9503   Lopomo, Guiseppe.  Optimality and robustness of the English 
            auction.  43p.                                              
     9518   Milesi-Feretti, Gian Maria & Roubini, Nouriel.  Growth      
            effects of income and consumption taxes: positive and       
            normative analysis.  40p.                                   
     9515   Schein, Andrew.  The variance of wholesale and retail       
            prices: tests of a Marshallian hypothesis.  22p.            

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     15/95  Hagen, Kare P., Osmundsen, Petter & Schjelderup, Guttorm.   
            Personal income taxation and welfare appropriation in an    
            open economy.  31p.                                         
     12/95  Salvanes, Kjell G.  The flexibility of the Norwegian labour 
            market: job creation and job destruction in manufacturing   
            1977-86.  43p.                                              
     11/95  Salvanes, Kjell G. & Tjotta, Sigve.  Local properties of    
            estimated flexible functional forms.  7p.                   
     16/95  Schjelderup, Guttorm & Sorgard, Lars.  The multinational    
            firm, transfer pricing and the nature of competition.  28p. 
     10/95  Squires, Dale & Salvanes, Kjell G.  Quasi-concavity of fixed
            factors.  9p.                                               
     13/95  Steen, Frode & Salvanes, Kjell G.  Testing for market power 
            using a dynamic oligopoly model.  40p.                      

     OHIO STATE UNIVERSITY.  Department of Economics.                   

     9505   Cecchetti, Stephen G. & Kashyap, Anil K.  International     
            cycles.  32p.                                               
     9502   McCulloch, J. Huston.  Financial applications of stable     
            distributions.  46p.                                        
     9501   McCulloch, J. Huston.  Measured tail thickness in order to  
            estimate the stable index alpha: a critique.  24p.          
     9503   McCulloch, J. Huston.  On the parameterization of the afocal
            stable distributions.  7p.                                  
     9504   McCulloch, J. Huston.  Precise fractiles and fractile       
            densities of the maximially-skewed stable distributions.    
            24p.                                                        

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     350    Parent, Daniel.  Industry-specific capital and the wage     
            profile: evidence from the NLSY and the PSID.  26p.         
     351    Parent, Daniel.  Matching, human capital, and the covariance
            structure of earnings.  52p.                                

     PURDUE UNIVERSITY.  Inst. for Research in Behav, Econ & Mgmt Sci.  

     1081   Kazaz, Burak & Sepil, Canan.  Projected scheduling with     
            discounted cash flows and progress payments.  19p.          

     UNIVERSITE DU QUEBEC A MONTREAL.  Dept. des Sciences Economiques.  

     9511   Dionne, Georges & Fluet, Claude.  Incentives in multi-period
            regulation and procurement: a graphical analysis.  44p.     
     9510   Fluet, Claude & Pannequin, Francois.  Insurance contracts   
            under adverse selection with random loss severity.  25p.    

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     927    Alexander-Cook, Kim, Bernhardt, Dan & Roberts, Joanne.      
            Riding free on the signals of others.  20p.                 
     928    Nakanishi, Noritsugu.  Reexamnation of the international    
            export quota game through the theory of social situations.  
            34p.                                                        
     926    Spicer, John & Bernhardt, Dan.  Roller coastering up and    
            down the demand curve of a durable goods monopolist.  16p.  
     925    Spicer, John & Bernhardt, Dan.  Scab labor.  15p.           

     SANTA FE INSTITUTE.  Economics Research Program.                   

     9584   Brock, William A. & Durlauf, Steven N.  Discrete choice with
            social interactions I: theory.  39p.                        
     9577   Brock, William A. & de Lima, Pedro J.F.  Nonlinear time     
            series, complexity theory, and finance.  65p.               

     UNIVERSITY OF STOCKHOLM.  Institute for Int'l. Economic Studies.   

     590    Calmfors, Lars & Skedinger, Per.  Does active labour market 
            policy increase employment?: theoretical consideratio s and 
            some empirical evidence from .  40p.                        
     591    Flam, Harry & Nordstrom, Hakan.  Why do pre-tax car prices  
            differ so much across European countries?.  29p.            
     593    Jonsson, Gunnar.  Monetary politics and unemployment        
            persistence.  40p.                                          
     592    Jonsson, Gunnar & Klein, Paul.  Stochastic fiscal policy and
            the Swedish business cycle.  36p.                           
     594    Soderlind, Paul.  Forward interest rates as indicators of   
            inflation expectations.  28p.                               
     595    Svensson, Lars E.O.  Optimal inflation targets,             
            `conservative' central banks, and linear inflation          
            contracts.  39p.                                            

     TEL-AVIV UNIVERSITY.  Foerder Institute of Economic Research.      

     27/95  Aiyagari, S. Rao, Braun, Toni & Eckstein, Zvi.  Transaction 
            services, inflation and welfare.  44p.                      
     28/95  Bental, Benjamin & Eckstein, Zvi.  A neoclassical           
            interpretation of inflation and stabilization in Israel.    
            28p.                                                        
     24/95  Eckstein, Zvi & Wolpin, Kenneth I.  Estimating the effect of
            labor market discrimination of black-white differences in   
            wage offers using a search-match.  38p.                     
     22/95  Frankel, David M.  A simple model of creative bargaining.   
            38p.                                                        
     25/95  Kahneman, Michael.  A model of bargaining between delegates.
             28p.                                                       
     23/95  Rubinstein, Ariel, Tversky, Amos & Heller, Dana.  Naive     
            strategies in competitive games.  19p.                      
     26/95  Serrano, Roberto & Yosha, Oved.  Decentralized information  
            and the Walrasian outcome: a pairwise meetings market with  
            private values.  27p.                                       
     21/95  Spiegler, Ran.  Coordination and matchmakers.  21p.         

     UNIVERSITY OF TOKYO.  Faculty of Economics.                        

     9526   Hamoka, Yutaka, Furukawa, Ichiro & Katahira, Hotaka.  A     
            maximum likelihood non-compensatory model: you trade-off or 
            satisfice?.  30p.                                           
     9518   Itoh, Motoshige & Tanimoto, Masayuki.  Rural entrepreneurs  
            in the cotton weaving industry in Japan.  34p.              
     9520   Jinno, Naohiko.  Reinforcing the fiscal resources of the    
            local authorities: the Japanese experience.  21p.           
     9527   Kamiya, Kazuya & Ichimura, Hidehiko.  Nonparametric         
            restrictions of dynamic optimization behavior under risk:   
            the case of time-additive expected utility.  26p.           
     9523   Kamiya, Hidehiko & Takemura, Akimichi.  On rankings         
            generated by pairwise linear discriminant analysis of m     
            populations.  34p.                                          
     9519   Kunitomo, Naoto & Takahashi, Akihiko.  The asymptotic       
            expansion approach to the valuation of interest rates       
            contingent claims.  34p.                                    
     9524   Kuriki, Satoshi & Takemura, Akimichi.  Asymptotic expansion 
            of null distribution of likelihood ratio statistics in      
            multiparameter exponential family.....  19p.                
     9522   Matsushima, Hitoshi.  Multimarket contract, imperfect       
            monitoring, and implicit collusion.  35p.                   
     9521   Miwa, Yoshiro.  Development of an inter-firm computerized   
            information system in distribution.  35p.                   
     9528   Takemura, Akimichi & Kuriki, Satoshi.  Weights of           
            chi-bar-squared distribution for smooth or piecewise smooth 
            cone alternatives.  29p.                                    

     UNIVERSITY OF VICTORIA (BC).  Department of Economics.             

     9508   DeBenedictis, Linda F.  A vector autoregressive model of the
            British Columbia regional economy.  34p.                    
     9507   Jacobsen, Peter W.F. & Giles, David E.A.  Income            
            distribution in the United States: Kuznets' inverted-U      
            hypothesis and data non-stationarity.  21p.                 
     9509   Zhang, Anming & Zhang, Yimin.  Stability of Cournot-Nash    
            equilibrium: the multiproduct case.  25p.                   

     UNIVERSITY OF WASHINGTON.  Institute of Economic Research.         

     9509   Barzel, Yoram.  Transaction costs and contract choice.  27p.
     9511   Barzell, Yoram & Kiser, Edgar.  The development and decline 
            of medieval voting institutions: a comparison of England and
            France.  37p.                                               
     9514   Eicher, Theo.  Interaction between endogenous human capital 
            and technological change.  28p.                             
     9513   Eicher, Theo S.  Trade, development and converging growth   
            rates: dynamic gains from trade reconsidered.  36p.         
     9510   Jaeger, William K.  Optimal environmental taxation.  29p.   
     9517   Kim, Chang-Jin & Nelson, Charles R.  Business cycle turning 
            points, a new coincident index, and tests of duration       
            dependence based on a dynamic factor m.  35p.               
     9512   Klepinger, Daniel, Lundberg, Shelly & Plotnick, Robert.     
            Instrument selection: the case of teenage childbearing and  
            women's educational attainment.  22p.                       
     9516   Lundberg, Shelly & Pollak, Robert A.  Bargaining and        
            distribution in marriage.  30p.                             
     9515   Turnovsky, Stephen J.  Endogenous growth in a dependent     
            economy with traded and nontraded capital.  37p.            

     UNIVERSITY OF WATERLOO.  Department of Economics.                  

     9508   Amano, Robert A. & Wirjanto, Tony S.  Intertemporal         
            substitution, imports and the permanent income.  25p.       
     9502   Andolfatto, David & Gomme, Paul.  Unemployment insurance,   
            labor market dynamics, and social welfare.  39p.            
     9507   Ho, Wai-Ming.  Imperfect information, money and economic    
            growth.  28p.                                               
     9509   Kardasz, Stanley W. & Stollery, Kenneth R.  International   
            competitiveness and price formation in Canadian             
            manufacturing industries.  20p.                             

     UNIVERSITY OF WISCONSIN.  Social Systems Research Institute.       

     9504   Bagwell, Kyle & Staiger, Robert W.  Collusion over the      
            business cycle.  52p.                                       
     9511   Bagwell, Kyle & Staiger, Robert W.  Protection and the      
            business cycle.  43p.                                       
     9503   Baker, Carol L. & Lin, Wen-Ling.  Credibility of Mexico's   
            crawling peg policy: evidence from expectations panel data. 
            34p.                                                        
     9506   Brock, William A. & Hommes, Cars H.  Rational routes to     
            randomness.  93p.                                           
     9509   Che, Yeon-Koo.  Customer return policies for experience     
            goods.  13p.                                                
     9510   Che, Yeon-Koo & Gale, Ian.  Entry fees vs. reserve prices in
            first price sealed bid auctions.  18p.                      
     9501   Che, Yeon-Koo & Earnhart, Dietrich.  Optimal use of         
            information in litigation: should regulatory information be 
            withheld to deter frivolous suits?.  28p.                   
     9508   Deneckere, Raymond & McAfee, R. Preston.  Damaged goods.    
            27p.                                                        
     9507   Deneckere, Raymond, Marvel, Howard P. & Peck, James.  Demand
            uncertainty and price maintenance: markdowns as destructive 
            competition.  31p.                                          
     9502   Goldberger, Arthur S. & Manski, Charles F.  Review article: 
            "The Bell Curve" by Herrnstein and Murray.  36p.            
     9505   Manski, Charles F.  Learning about social programs from     
            experiments with random assignment of treatments.  52p.     



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