New Acquisitions - December 1998


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

     9823   Amoros, Pablo.  Single-peaked preferences with several      
            commodities.  40p.                                          
     9824   Hammond, Peter & Villar, Antonio.  Valuation equilibrium    
            revisited.  20p.                                            
     9820   Herrero, Carmen.  Minimal rights in claims problems.  13p.  
     9819   Lamo, Ana E.  Unemployment in Europe and regional labor     
            fluctuations.  32p.                                         
     9822   Ortuno, Ignacio.  Ideological versus Downsian political     
            competition.  28p.                                          
     9821   Peitz, Martin.  A difficulty with the address models of     
            product differentiation.  18p.                              

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9823   Alberola-Ila, Enrique & Tyrvainen, Timo.  Is there scope for
            inflation differentials in EMU?: an empirical evaluation of 
            the Balassa-Samuelson model....  58p.                       
     9816   Manzano, Maria Cruz & Sanchez, Isabel.  Indicators of       
            short-term interest rate expectations: the information      
            contained in the options market.  50p.                      
     9821   Ortega, Eva.  Assessing the fit of simulated multivariate   
            dynamic models.  49p.                                       
     9820   Ortega, Eva.  Comparing evaluation methodologies for        
            stochastic dynamic general equilibrium models.  50p.        
     9819   Ortega, Eva.  The Spanish business cycle and its            
            relationship to Europe.  69p.                               

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     98-9   Ieda, Akira & Ohba, Toshikazu.  Risk management for equity  
            portfolios of Japanese banks.  32p.                         
     9811   Oda, Nobuyuki.  Estimating fair premium rates for deposit   
            insurance using option pricing theory: an empirical study of
            Japanese banks.  43p.                                         
     9810   Ohtake, Fuminobu, Oda, Nobuyuki & Yoshiba, Toshinao.  Market
            price analysis and risk management for convertible bonds.   
            47p.                                                        
     9813   Saito, Tsutomu, Takahashi, Teruhiko & Nishikawa, Yuichi.    
            Chemical study of the medieval Japanese Mochusen (bronze    
            coins).  71p.                                               
     9812   Saito, Makoto.  Dynamic allocation and pricing in incomplete
            markets: a survey.  48p.                                    

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

     9804   Bhattacharya, Joydeep & Haslag, Joseph.  Raising revenue: a 
            monetary policymaker's guide.  25p.                         
     9803   Harwitz, Mitchell, et al.  Optimal search on spatial paths  
            with recall: computational procedures and examples.  36p.   

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

     103    Eichengreen, Barry.  Does MERCOSUR need a single currency? 
            47p.                                                        

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     21/98  Constanides, George M., Donaldson, John B. & Mehra, Rajnish.
             Junior can't borrow: a new perspective on the equity       
            premium puzzle.  34p.                                       
     25/98  Cottica, Alberto, De Propris, Lisa & Ponti, Giovanni.       
            Friends do matter: strategic uncertainty and vertical       
            contractual relations.  20p.                                
     19/98  Kolstad, Charles D.  Energy and deletable resources:        
            economics and policy, 1973-98.  31p.                        
     22/98  Mehra, Rajnish & Sah, Raaj.  Can small fluctuations in      
            investors' subjective preferences induce large volatility in
            equity prices?  27p.                                       
     23/98  Mitchell, Glenn & Hunter, Gregory W.  Options for compliance
            with pollution control regulation: the relationship between 
            abatement costs and bankable permit prices.  23p.                   
     24/98  Moon, Hyungsik R.  A note on fully-modified estimation of   
            seemingly unrelated regressions models with integrated      
            regressors.  7p.                                            
     18/98  Phillips, Peter C.B. & Moon, Hyungsik R.  Linear regression 
            limit theory for nonstationary panel data.  54p.            
     17/98  Phillips, Peter C.B. & Moon, Hyungsik R.  Nonstationary     
            panel data analysis: an overview of some recent             
            developments.  22p.                                         
     20/98  Ponti, Giovanni.  Splitting the baby in two: how to solve   
            Solomon's Dilemma when agents are boundedly rational.  26p. 

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9816   Gastaldi, Francesca & Liberati, Paolo.  Towards a two-rate  
            VAT in Italy: distributional and welfare effects.  42p.     
     9817   O'Donoghue, Cathal & Evans, Martin.  Recasting safety nets: 
            reforming social assistance in Germany, Ireland and the     
            United Kingdom.  30p.                                       
     9819   Pedersen, C.S. & Satchell, S.E.  Utility functions with     
            parameters depending on initial wealth.  17p.               
     9818   Pesaran, M. Hashem.  Economic trends and macroeconomic      
            policies in post-revolutionary Iran.  36p.                  

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9814   Chib, Siddhartha & Winkelmann, Rainer.  Bayesian analysis of
            multivariate count data.  18p.                              
     9815   Guthrie, Graeme A.  Monetary conditions indices and the term
            structure of interest rates.  23p.                          
     9817   Papps, Kerry & Winkelmann, Rainer.  Unemployment and crime: 
            new answers to an old question.  24p.                       
     9816   Winkelmann, Rainer.  The economic progress of Maori men     
            1986-1996.  18p.                                            

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

     9811   Amable, Bruno, Chatelain, Jean-Bernard & de Bandt, Olivier. 
            Stability versus efficiency on the banking sector and       
            economic growth.  21p.                                      
     9815   Feve, Patrick & Henin, Pierre-Yves.  Assessing effective    
            sustainability of fiscal policy within the G-7.  32p.       
     9810   Feve, Patrick, Henin, Pierre-Yves & Jolivaldt, Philippe.    
            Feedback covariates unit root tests: an application to the  
            sustainability of fiscal policy.  36p.                      
     9809   Peaucelle, Irina.  Firms' innovation activity and patenting:
            Russian case in mind.  26p.                                 
     9812   Piketty, Thomas.  Les hauts revenus face aux modifications  
            des taux marginaux superieurs de l'impot sur le revenu en   
            France, 1970-1996.  176p.                                    

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     9807   Amir, Rabah.  Modelling imperfectly appropriable R & D via  
            spillovers.  14p.                                           
     9809   Amir, Rabah & Wooders, John.  Effects of one-way spillovers 
            on market shares, industry price, welfare, and R & D        
            cooperation.  30p.                                          
     9806   Amir, Rabah & Lambson, Val E.  On the effects of entry in   
            Cournot markets.  31p.                                      
     9810   Amir, Rabah & Wooders, John.  One-way spillovers, endogenous
            innovator/imitator roles and research joint ventures.  31p. 
     9817   Bennedsen, Morten.  Political ownership.  34p.              
     9816   Bennedsen, Morten.  Public versus private ownership under   
            costly taxation.  19p.                                      
     9808   Dierker, Egbert & Grodal, Birgit.  The price normalization  
            problem in imperfect competition and the objective of the   
            firm.  31p.                                                 
     9820   Dilling-Hansen, Mogens, et al.  Market structure, publicly  
            and privately financed R & D spending: empirical evidence   
            for Denmark.  25p.                                          
     9818   Groes, Ebbe, et al.  Testing the intrasitivity explanation  
            of the Allais Paradox.  17p.                                
     9812   Hollard, Guillaume.  An asymmetric model of spatial         
            competition.  12p.                                          
     9814   Martin, Stephen.  Strategic and welfare implications of     
            bundling.  7p.                                              
     9813   Mollgaard, H. Peter & Overgaard, Per B.  Temporary          
            partnerships as an information transmission mechanism:      
            foreign investment in emerging markets.  25p.               
     9811   Moraga-Gonzalez, Jose Luis & Padron-Fumero, Noemi.  The     
            adverse effects of environmental policy in green markets.   
            24p.                                                        
     9819   Vincent, Stephanie.  Sequential auctions with heterogeneous 
            bidders.  19p.                                              

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9816   Ghatak, Maitreesh & Guinnane, Timothy W.  The economics of  
            lending with joint liability: theory and practice.  33p.    
     9814   Hansen, Per Svejstrup & Kaarboe, Oddvar M.  Equilibrium     
            selection and the rate of convergence in coordination games 
            with simultaneous play.  29p.                               
     9815   Jacobsen, Hans J.  Endogenous firm and endogenous business  
            cycles.  25p.                                               

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1178   Grant, Simon, Kajii, Atsushi & Polak, Ben.  On the Skiadis  
            "conditional preference approach" to choice under           
            uncertainty.  11p.                                          
     1186   Lewbel, Arthur & Linton, Oliver B.  Nonparametric censored  
            regression.  25p.                                           
     1185   Shiller, Robert J.  Social security and institions for      
            intergenerational, intragenerational, and international risk
            sharing.  36p.                                              
     1188   Tobin, James.  Financial globalization: can national        
            currencies survive?  23p.                                  
     1187   Tobin, James.  Monetary policy: recent theory and practice. 
            8p.                                                         

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1997   Audretsch, David B.  Industrial organization and the new    
            industrial policy.  51p.                                    
     1991   Audretsch, David B. & Stephan, Paula E.  How and why does   
            knowledge spill over?: the case of biotechnology.  18p.     
     1986   Barros, Pedro P. & Nilssen, Tore.  Industrial policy and    
            firm heterogeneity.  23p.                                   
     1876   Bauer, Thomas, et al.  Immigrant labour and workplace       
            safety.  30p.                                               
     2003   Bauer, Thomas & Gang, Ira N.  Temporary migrants from Egypt:
            how long do they stay abroad?.  24p.                        
     1984   Bayoumi, Tamim & Masson, Paul R.  Liability-creating versus 
            non-liability-creating fiscal stabilization policies:       
            Ricardian equivalence, fiscal stabilization, and EMU.  37p.         
     2014   Biais, Bruno & Perotti, Enrico C.  Machiavellian            
            underpricing.  34p.                                         
     1987   Bisin, Alberto & Guaitoli, Danilo.  Moral hazard and        
            non-exclusive contracts.  26p.                              
     2018   Boone, Laurence & Maurel, Mathilde.  Economic convergence of
            the CEECs with the EU.  27p.                                
     1992   Burda, Michael C. & Dluhosch, Barbara.  Globalization and   
            European labour markets.  35p.                              
     2002   Cadot, Olivier, de Melo, Jaime & Olarreaga, Marcelo.        
            Harmonizing exterbal quotas in a free trade area: a step    
            backward?  24p.                                            
     2038   Canova, Fabio & Ravn, Morten O.  The macroeconomic effects  
            of German unification: real adjustments and the welfare     
            state.  31p.                                                
     2008   Card, David, Kramarz, Francis & Lemieux, Thomas.  Changes in
            the relative structure of wages and employment: a comparison
            of Canada, France and the U.S.  47p.                        
     2037   Chemla, Gilles & Faure-Grimaud, Antoine.  Dynamic adverse   
            selection and debt.  35p.                                   
     2011   Cordella, Tito.  Can short-term capital controls promote    
            capital inflows?  7p.                                      
     2010   Coutant, Sophie, Jondeau, Eric & Rockinger, Michael.        
            Reading interest rate and bond futures options' smiles      
            around the 1997 French snap elections.  46p.                
     1988   Djankov, Simeon & Hoekman, Bernard.  Conditions of          
            competition and multilateral surveillance.  26p.            
     2012   Dustmann, Christian & van Soest, Arthur.  Language and the  
            earnings of immigrants.  33p.                               
     2035   Feenstra, Robert C., Markusen, James R. & Rose, Andrew K.   
            Understanding the home market effect and the gravity        
            equation: the role of differentiating goods.  31p.          
     2004   Flandreau, Marc.  Caveat emptor: coping with sovereign risk 
            without the multilaterals.  40p.                            
     2006   Grant, Charles, Miniaci, Raffaele & Weber, Guglielmo.       
            Changes in consumption behaviour: Italy in the early 1990s. 
            42p.                                                        
     2005   Grossman, Gene M. & Maggi, Giovanni.  Diversity and trade.  
            40p.                                                        
     1960   Haton, Timothy J. & Price, Stephen W.  Migration, migrants  
            and policy in the United Kingdom.  65p.                     
     2039   Heinrich, Georges.  Ageing gracefully?: a bootstrap analysis
            of poverty among pensioners using evidence from the PACO    
            databases.  26p.                                            
     1969   Herrendorf, Berthold & Neumann, Manfred J.M.  The political 
            economy of inflation, labour market distortions and central 
            bank independence.  33p.                                    
     2007   Ichino, Andrea & Winter-Ebmer, Rudolf.  Lower and upper     
            bounds of returns to schooling: an exercise in IV estimation
            with different instruments.  11p.                           
     1990   Jeanne, Olivier & Masson, Paul.  Currency crises, sunspots  
            and Markov-switching regimes.  30p.                         
     2009   Jondeau, Eric & Rockinger, Michael.  Reading the smile: the 
            message conveyed by methods which infer risk neutral        
            densities.  41p.                                            
     2024   Kolev, Alexandre.  Labour supply in the informal economy in 
            Russia during transition.  35p.                             
     2025   Morris, Stephen & Shin, Hyun Song.  A theory of the onset of
            currency attacks.  31p.                                     
     1993   Palomino, Frederic.  Relative performance equilibrium in    
            financial markets.  37p.                                    
     1948   Perotti, Enrico C. & von Thadden, Ernst-Ludwig.  Dominant   
            investors and strategic transparency.  40p.                 
     2000   Puhani, Parick A.  Advantage through training?: a           
            microeconometric evaluation of the employment effects of    
            labor market programmes in Poland.  64p.                    
     1995   Rodriguez, Rosa, Restoy, Fernando & Pena, J. Ignacio.  Can  
            output explain the predictability and volatility of stock   
            returns?  30p.                                             
     1985   Rosenkranz, Stephanie.  To reveal or not to reveal: the case
            of research joint ventures with two-sided incomplete        
            information.  31p.                                          
     1999   Rudebusch, Glenn D. & Svensson, Lars E.  Policy rules for   
            inflation targeting.  51p.                                  
     2013   Schnitzer, Monika.  On the role of bank competition for     
            corporate finance and corporate control in transition       
            economies.  30p.                                            
     2023   Sinn, Hans-Werner.  The pay-as-you-go pension system as a   
            fertility insurance and enforcement device.  28p.           
     1998   Svensson, Lars E.O.  Inflation targeting as a monetary      
            policy rule.  50p.                                          
     2001   Tornell, Aaron & Lane, Phillip R.  Voracity and growth.     
            36p.                                                        

     UNIVERSITY OF ESSEX.  Department of Economics.                     

     486    Bergstrom, A.R.  Stability and wage acceleration in         
            macroeconomic models of cyclical growth.  26p.              
     488    Bhaskar, V. & Vega-Redondo, Fernando.  Asynchronous choice  
            and Markov equilibria: theoretical foundations and          
            applications.  29p.                                         
     485    Burdett, Ken, Trejos, Alberto & Wright, Randall.  Cigarette 
            money.  38p.                                                
     487    Markose, Sheri M.  On the advocacy of transparent monetary  
            policy rules: a critique.  35p.                             
     489    Symeonidis, George.  In which industries is collusion more  
            likely?: evidence from the U.K.  36p.                       

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     9807   Levy, Haim & Levy, Azriel.  The management of foreign       
            exchange reserves with balance of payments and external debt
            considerations: the case of Israel.  35p.                   

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     9818   Ackert, Lucy F. & Church, Bryan K.  The effects of subject  
            pool and design experience on rationality in experimental   
            asset markets.  50p.                                        
     9819   Becsi, Zsolt.  Fiscal competition and reality: a time series
            approach.  30p.                                             
     9815   Becsi, Zsolt, Wing, Ping & Wynne, Mark A.  Endogenous market
            structures and financial development.  37p.                 
     9817   Zhang, Ping, Church, Bryan K. & Ackert, Lucy F.  Uncertain  
            litigation cost and seller behavior: evidence from an       
            auditing game.  37p.                                        

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9811   Aaronson, Daniel.  School finance reform and school district
            income sorting.  37p.                                       
     9810   Rissman, Ellen R.  The quest for the natural rate: evidence 
            from a measure of labor market turbulence.  45p.            

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9804   Dolman, Jim & Huffman, Gregory W.  On the political economy 
            of immigration and income redistribution.  33p.             
     9805   Duca, John V. & Van Hoose, David D.  The rise of            
            goods-market competition and the fall of nominal wage       
            contracting: endogenous wage contracting in a multisector
	    economy.  39p.           

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9805   Amato, Jeffery D.  The real-time (in)significance of M2.    
            38p.                                                        
     9804   Clark, Todd E. & Shin, Kwanho.  The sources of fluctuations 
            within and across countries.  83p.                          
     9806   Roley, V. Vance & Sellon, Gordon H.  Market reaction to     
            monetary policy nonannouncements.  27p.                     

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     256    Atkeson, Andrew & Kehoe, Patrick J.  Paths of development   
            for early- and late-bloomers.  16p.                         

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

     49     Bennett, Paul, Peach, Richard & Peristiani, Stavros.        
            Implied mortgage refinancing thresholds.  23p.              
     45     Bennett, Paul, Peach, Richard & Peristiani, Stavros.        
            Structural change in the mortgage market and the propensity 
            to refinance.  22p.                                         
     52     Hamao, Yasushi, Packer, Frank & Ritter, Jay R.              
            Institutional affiliation and the role of venture capital:  
            evidence from initial public offerings in Japan.  44p.      
     48     Jaffe, Jeffrey F. & Mahoney, James M.  The performance of   
            investment newsletters.  24p.                               
     50     Morgan, Donald P. & Samolyk, Katherine A.  Piggy banks:     
            financial intermediaries as a commitment to save.  25p.     
     51     Park, Sangkyun.  Why did thrift goodwill matter in 1989?   
            36p.                                                        

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9822   Berlin, Mitchell & Mester, Loretta J.  Deposits and         
            relationship lending.  44p.                                 
     9819   Cummins, J. David, Weiss, Mary A. & Zi, Hongmin.            
            Organizational form and efficiency: an analysis of stock and
            mutual property liability insurers.  41p.                   
     9820   Cummins, J. David, Grace, Martin F. & Phillips, Richard D.  
            Regulatory solvency prediction in property-liability        
            insurance: risk-based capital, audit ratios, and cash flow
	    simulation.  52p.       

     HARVARD UNIVERSITY.  Institute of Economic Research.               

     1851   Berndt, Ernst R., et al.  Price indexes for medical care    
            goods and services: an overview of measurement issues.  64p.
     1849   Davis, Donald R. & Weinstein, David E.  An account of global
            factor trade.  74p.                                         
     1850   Davis, Donald R. & Weinstein, David E.  Market access,      
            economic geography and comparative advantage: an empirical  
            assessment.  60p.                                           
     1854   Dorfman, Robert.  Modernizing Bohm-Bawerk's theory of       
            interest (version 3.0).  30p.                               
     1856   Gallup, John L., Sachs, Jeffrey D. & Mellinger, Andrew D.   
            Geography and economic development.  57p.                   
     1852   Glaeser, Edward L. & Shleifer, Andrei.  Not-for-profit      
            entrepreneurs.  28p.                                        
     1846   Hart, Oliver & Moore, John.  Foundations of incomplete      
            contracts.  48p.                                            
     1848   Helpman, Elhanan.  The structure of foreign trade.  40p.    
     1847   La Porta, Rafael, et al.  The quality of government.  61p.  
     1845   Weitzman, Martin L.  The linearized Hamiltonian as          
            comprehensive NDP.  26p.                                    
     1855   Williamson, Jeffrey G.  Real wages & relative factor prices 
            in the Third World before 1940: what do they tell us about  
            the sources of growth?  40p.                                 
     1844   Williamson, Jeffrey G.  Real wages and relative factor      
            prices in the Third World 1820-1940: Asia.  11p.            
     1853   Williamson, Jeffrey G.  Real wages and relative factor      
            prices in the Third World 1820-1940: Latin America.  96p.   

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     180    Aumann, Robert & Guth, Werner.  Species survival and        
            evolutionary stability in sustainable habitats: the concept 
            of ecological stability.  14p.                              
     184    Bornstein, Gary & Gneezy, Uri.  Price competition between   
            teams.  23p.                                                
     182    Kalai, Gil, McKay, Brendan & Bar-Hillel, Maya.  The two     
            famous rabbis experiments: how similar is too similar?     
            17p.                                                        
     185    Keiding, Hans & Peleg, Bezalel.  Correlated equilibria of   
            games with many players.  13p.                              
     183    Neyman, Abraham.  Values of non-atomic vector measure games.
             27p.                                                       
     181    Perry, Motty, Wolfstetter, Elmer & Zamir, Shmuel.  A        
            sealed-bid auction that matches the English auction.  9p.   

     HEBREW UNIVERSITY.  Landau Center for Research in Math Analysis.   

     21     Kifer, Yuri.  "Random" random matrix products.  50p.        

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9833   Crepon, B., Duguet, E. & Mairesse, J.  Research, innovation 
            and productivity: an econometric analysis at the firm level.
             42p.                                                       
     9836   Fougere, D., Pradel, J. & Roger, M.  The influence of the   
            state employment service on the search effort and on the    
            probability of leaving unemployment.  43p.                  
     9837   Ghysels, E. & Guay, A.  Structural change tests for         
            simulated method of moments.  23p.                          
     9834   Gourieroux, C. & Monfort, A.  The econometrics of efficient 
            frontiers.  53p.                                            
     9835   Hobert, J.P., Robert, C.P. & Titterington, D.M.  One perfect
            simulation for some mixtures of distributions.  16p.        

     INSTITUTO TECNOLOGICO AUTONOMO DE MEXICO. Centro de Invest. Econ.  

     9809   Antinolfi, Gaetano & Huybens, Elisabeth.  On domestic       
            financial market frictions, unrestricted international      
            capital flows, and crises in small open economies.  56p.     
     9807   Marcet, Albert, Obiols-Homs, Francesc & Weil, Philippe.     
            Incomplete markets, labor supply and capital accumulation.  
            38p.                                                        
     9806   Lobato, Ignacio N. & Velasco, Carlos.  Long memory in stock 
            market trading volume.  63p.                                
     9808   Pratap, Sangeeta & Rendon, Silvio.  Firm investment under   
            imperfect capital markets: a structural estimation.  42p.   

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9811   Blume, Andreas.  Coordination and learning with a partial   
            language.  33p.                                             
     9810   Blume, Andreas & Gneezy, Uri.  An experimental investigation
            of optimal learning in coordination games.  11p.            
     9812   Blume, Andreas & Dieckmann, Tone.  Learning to communicate  
            in cheap-talk games.  30p.                                  

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     49     Ghatak, Maitreesh, Morelli, Massimo & Sjostrom, Tomas.      
            Dynamic incentives, occupational mobility, and the American 
            dream.  47p.                                                
     48     Tesfatsion, Leigh.  Ex ante capacity effects in evolutionary
            labor markets with adaptive search.  38p.                   

     BANCA DE ITALIA.  Research Department.                             

     338    Altissimo, Filippo & Violante, Giovanni Luca.  Nonlinear    
            VAR: some theory and an application to U.S. GNP and         
            unemployment.  55p.                                         
     336    Caselli, Paola.  Fiscal considerations under fixed exchange 
            rates.  40p.                                                
     335    Drudi, Francesco & Prati, Alessandro.  Signaling fiscal     
            regime sustainability.  74p.                                
     339    Fornari, Fabio & Violi, Roberto.  The probability density   
            function of interest rates implied in the price of options. 
            47p.                                                        
     340    Gambacorta, Leonardo.  Heterogeneous "credit channels" and  
            optimal monetary policy in a monetary union.  58p.          

     LA TROBE UNIVERSITY.  Department of Economics.                     

     9802   Amiti, Mary.  Will labour intensive industries always locate
            in labour abundant countries?  20p.                        
     9803   Choe, Chongwoo.  Two comments on the industrial organisation
            of vertically related markets.  8p.                         
     9801   Prentice, David.  A microeconomic model of a short run cost 
            function with unobserved heterogeneity.  33p.               

     LONDON SCHOOL OF ECONOMICS.  Int'l. Centre for Econ & Related Disc.

     361    Anderlini, Luca & Felli, Leonardo.  Costly bargaining and   
            renegotiation.  40p.                                        
     362    Anderlini, Luca & Felli, Leonardo.  Costly Coasian          
            contracts.  54p.                                            

     UNIVERSITY OF LONDON-BIRKBECK COLLEGE.  Department of Economics.   

     11/98  Atkins, Fiona.  The impact of devaluation on output: a      
            Jamaican study.  16p.                                       
     12/98  Kapur, Sandeep & Rudi, Nils.  Inventory choice with         
            transshipments.  19p.                                       

     UNIV. OF LONDON-BIRKBECK COLLEGE.  Inst. for Financial Research.   

     50     El Jahel, Lena, Perraudin, William & Sellin, Peter.  Value  
            at risk for derivatives.  36p.                              
     51     Kumar, Mohan, Moorthy, Uma & Perraudin, William.  Predicting
            emerging market currency crashes.  61p.                     

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     17/98  Fan, C. Simon & Throsby, David.  The subsistence constraint 
            and consumption patterns in economic development: theory and
            evidence from Taiwan.  17p.                                 
     15/98  Freedman, Craig.  Choosing the right textbook: an agency    
            problem.  13p.                                              
     14/98  Freedman, Craig.  The Xistence of definitional economics:   
            Stigler's and Leibenstein's war of the words.  21p.         
     18/98  Horne, Jocelyn.  Searching for Schumpeter: biography in     
            economics.  17p.                                            
     16/98  Throsby, David & Withers, Glenn A.  Individual preferences  
            and the demand for military expenditure.  15p.              

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     658    Creedy, John & van de Ven, Justin.  The redistributive      
            effect of selected Australian taxes and transfers on annual 
            and lifetime inequality.  29p.                              
     659    Lloyd, Peter J. & MacLaren, Donald.  Measures of trade      
            openness using computable general equilibrium analysis.     
            18p.                                                        
     657    van de Ven, Justin, Creedy, John & Lambert, Peter J.  The   
            redistributive effect of taxation revisited.  17p.          

     UNIVERSITY OF MINNESOTA.  Economic Development Center.             

     98-5   Diao, Xinshen & Roe, Terry.  The effect of sequencing trade 
            and water market reform on interest groups in irrigated     
            agriculture:an intertemporal economy-wide analysis of the
	    Moroccan case.  34p.                         
     98-6   Peterson, Willis.  Monetary instability and economic growth.
             30p.                                                       

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     16/98  Bashtannyk, David M. & Hyndman, Rob J.  Bandwidth selection 
            for kernel conditional density estimation.  21p.            
     10/98  Bollen, Bernard & Inder, Brett.  A general volatility       
            framework and the generalised historical volatility         
            estimator.  41p.                                            
     12/98  Fraccaro, Richard, Hyndman, Rob & Veevers, Alan.  Residual  
            diagnostic plots for checking for model mis-specification in
            time series regression.  21p.                               
     15/98  Hossain, Md. Zakir & King, Maxwell L.  Model selection when 
            a key parameter is constrained to be in an interval.  25p.  
     11/98  Laskar, Mizan R. & King, Maxwell L.  Comparison of          
            estimators and tests based on modified likelihood and       
            message length functions.  28p.                             
     14/98  Nahar, Syfun & Inder, Brett.  Testing convergence in        
            economic growth for OECD countries.  31p.                   
     13/98  Snyder, Ralph D., Koehler, Anne B. & Ord, J. Keith.  Lead   
            time demand for simple exponential smoothing.  11p.         
     9/98   Strachan, Rodney W.  Bayesian estimation of the reduced rank
            regression model without ordering restrictions.  46p.       

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6740   Acemoglu, Daron & Pischke, Jorn-Steffen.  Beyond Becker:    
            training in imperfect labor markets.  37p.                  
     6782   Agenor, Pierre-Richard & Aizenman, Joshua.  Volatility and  
            the welfare costs of financial market integration.  42p.    
     6747   Aiyagari, S. Rao & Gertler, Mark.  "Overreaction" of asset  
            prices in general equilibrium.  45p.                        
     6746   Alesina, Alberto, Baqir, Reza & Easterly, William.          
            Redistributive public employment.  29p.                     
     6739   Andreoni, James & Levinson, Arik.  The simple analytics of  
            the environmental Kuznets curve.  20p.                      
     6736   Backus, David, Foresi, Silverio & Telmer, Chris.            
            Discrete-time models of bond pricing.  36p.                 
     6760   Ball, Laurence.  Policy rules for open economies.  28p.     
     6789   Becker, Gary S. & Mulligan, Casey B.  Deadweight costs and  
            the size of government.  48p.                               
     6724   Bekaert, Geert, Harvey, Campbell R. & Lumsdaine, Robin L.   
            Dating the integration of world equity markets.  63p.       
     6745   Berk, Jonathan B., Green, Richard C. & Naik, Vasant.        
            Valuation and return dynamics of new ventures.  52p.        
     6776   Berman, Eli & Bui, Linda T.M.  Environmental regulation and 
            productivity: evidence from oil refineries.  34p.           
     6757   Betts, Julian R. & Lofstrom, Magnus.  The educational       
            attainment of immigrants: trends and implications.  83p.    
     6759   Blomquist, Soren, Eklof, Matias & Newey, Whitney.  Tax      
            reform evaluation using nonparametric methods: Sweden,      
            1980-1991.  36p.                                            
     6738   Bordo, Michael D., Eichengreen, Barry & Kim, Jongwoo.  Was  
            there really an earlier period of international financial   
            integration comparable to today?  67p.                     
     6780   Borsch-Supan, Axel.  Incentive effects of social security on
            labor force participation: evidence in Germany and across   
            Europe.  27p.                                               
     6777   Bound, John, et al.  The dynamic effects of health on the   
            labor force transitions of older workers.  40p.             
     6749   Campa, Jose Manuel & Goldberg, Linda S.  Employment versus  
            wage adjustment and the U.S. dollar.  37p.                  
     6766   Card, David & Payne, A. Abigail.  School finance reform, the
            distribution of school spending, and the distribution of SAT
            scores.  57p.                                               
     6773   Carr, David L., Markusen, James R. & Maskus, Keith E.       
            Estimating the knowledge capital model of the multinational 
            enterprise.  43p.                                           
     6771   Cochrane, John H.  Long-term debt and optimal policy in the 
            fiscal theory of the price level.  39p.                     
     6783   Corsetti, Giancarlo, Pesenti, Paolo & Roubini, Nouriel.     
            Paper tigers?: a model of the Asian crisis.  43p.           
     6785   Davis, Donald R. & Weinstein, David E.  An account of global
            factor trade.  78p.                                         
     6787   Davis, Donald R. & Weinstein, David E.  Market access,      
            economic geography and comparative advantage: an empirical  
            assessment.  60p.                                           
     6767   della Paolera, Gerardo & Taylor, Alan M.  Economic recovery 
            from the Argentine Great Depression: institutions,          
            expectations and the change of macroeconomic regime.  36p.          
     6737   Edelberg, Wendy, Eichenbaum, Martin & Fisher, Jonas D.M.    
            Understanding the effects of shock to government purchases. 
            46p.                                                        
     6756   Edwards, Sebastian.  Interest rate volatility, capital      
            controls and contagion.  40p.                               
     6770   Feldstein, Martin.  Income inequality and poverty.  12p.    
     6750   Freeman, Richard B. & Kleiner, Morris M.  The last American 
            shoe manufacturers: changing the method of pay to survive   
            foreign competition.  46p.                                  
     6755   Fuchs, Victor B.  Health care for the elderly: how much? who
            will pay for it?  16p.                                     
     6735   Fuhrer, Jeffrey C. & Klein, Michael W.  Risky habits: on    
            risk sharing, habit formation, and the interpretation of    
            international consumption correlations.  46p.               
     6748   Garber, Alan M., MaCurdy, Thomas E. & McClellan, Mark L.    
            Medical care at the end of life: diseases, treatment        
            patterns, and costs.  12p.                                  
     6722   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Social security money's worth.  91p.                        
     6713   Geanakoplos, John, Mitchell, Olivia S. & Zeldes, Stephen P. 
            Would a privatized social security system really pay a      
            higher rate of return?  42p.                               
     6725   Gompers, Paul A & Lerner, Josh.  The determinants of        
            corporate venture capital success: organizational           
            structure, incentives, and complementarities.  48p.          
     6723   Gompers, Paul A. & Metrick, Andrew.  Institutional investors
            and equity prices.  47p.                                    
     6731   Goolsbee, Austan.  Taxes and the quality of capital.  33p.  
     6741   Grossman, Gene M. & Maggi, Giovanni.  Diversity and trade.  
            40p.                                                        
     6762   Gruber, Jonathan.  Health insurance and the labor market.   
            86p.                                                        
     6744   Gruber, Jonathan, Kim, John & Mayzalin, Dina.  Physician    
            fees and procedure intensity: the case of Cesarean delivery.
             25p.                                                       
     6761   Hamermesh, Daniel S. & Oster, Sharon M.  Tools or toys?: the
            impact of high technology on scholarly productivity.  27p.  
     6726   Hart, Oliver & Moore, John.  Foundations of incomplete      
            contracts.  48p.                                            
     6752   Helpman, Elhanan.  The structure of foreign trade.  40p.    
     6728   Hines, James R.  "Tax sparing" and direct investment in     
            developing countries.  47p.                                 
     6765   Holderness, Clifford G. & Sheehan, Dennis P.  Constraints on
            large-block shareholders.  41p.                             
     6729   Ito, Takatoshi, Ogawa, Eiji & Sasaki, Yuri Nagataki.  How   
            did the dollar peg fail in Asia?  66p.                     
     6730   Ito, Takatoshi & Sasaki, Yuri Nagataki.  Impacts on the     
            Basle capital standard on Japanese banks' behavior.  52p.   
     6772   Jaeger, David A., et al.  Coding geographic areas across    
            census years: creating consistent definitions of            
            metropolitan areas.  43p.                                   
     6764   Jasso, Guillermina, Rosenzweig, Mark R. & Smith, James P.   
            The changing skill of new immigrants to the United States:  
            recent trends and their determinants.  44p.                 
     6753   Klette, Tor Jakob & Griliches, Zvi.  Empirical patterns of  
            firm growth and R & D investment: a quality ladder model    
            interpretation.  27p.                                       
     6727   La Porta, Rafael, et al.  The quality of government.  61p.  
     6732   Lemieux, Thomas & MacLeod, W. Bentley.  Supply side         
            hysteresis: the case of the Canadian unemployment insurance 
            system.  51p.                                               
     6743   Morton, Fiona M. Scott & Podolny, Joel M.  Love or money?:  
            the effects of owner motivation in the California wine      
            industry.  43p.                                             
     6769   Norberg, Karen.  The effects of daycare reconsidered.  44p. 
     6751   Pesendorfer, Martin.  Horizontal mergers in the paper       
            industry.  39p.                                             
     6774   Poterba, James M.  Population age structure and asset       
            returns: an empirical investigation.  39p.                  
     6775   Ramey, Valerie A. & Shapiro, Matthew D.  Displaced capital. 
            58p.                                                        
     6778   Razin, Assaf & Sadka, Efraim.  Migration and pension.  20p. 
     6734   Razin, Assaf, Sadka, Efraim & Swagel, Phillip.  Tax burden  
            and migration: a political economy theory and evidence.     
            27p.                                                        
     6733   Rowland, Patrick F. & Tesar, Linda L.  Multinationals and   
            the gains from international diversification.  59p.         
     6768   Taylor, John B.  An historical analysis of monetary policy  
            rules.  53p.                                                
     6754   Taylor, John B.  Staggered price and wage setting in        
            macroeconomics.  98p.                                       
     6742   Wei, Shang-Jin.  Currency hedging and goods trade.  32p.    
     6786   Witt, Robert & Witte, Ann D.  Crime, imprisonment, and      
            female labor force participation: a time-series approach.   
            20p.                                                        

     NEW YORK UNIVERSITY.  Salomon Center (Stern School of Business).   

     9840   Backus, David, Foresi, Silverio & Telmer, Chris.            
            Discrete-time models of bond pricing.  34p.                 
     9841   Diebold, Francis X., Schuermann, Til & Stroughair, John D.  
            Pitfalls and opportunities in the use of extreme value      
            theory in risk management.  10p.                            
     9842   Diebold, Francis X., Hahn, Jinyong & Tay, Anthony S.        
            Real-time multivariate density forecast evaluation and      
            calibration: monitoring the risk of high frequency          
            returns on foreign exchange.  35p.                                  
     9837   Gao, Bin, Huang, Jin-Zhi & Subramanyam, Marti.  The         
            valuation of American barrier options using the             
            decomposition technique.  38p.                              
     9839   Garbade, Kenneth G.  Managerial discretion and the          
            contingent valuation of corporate securities.  17p.         
     9838   Shapira, Zur & Venezia, Itzhak.  Patterns of behavior in    
            professionally managed and independent investors.  32p.     

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     24/98  Brun, Bernt Christian & Tungodden, Bertil.  The indexing    
            impasse: is the "intersection approach" a solution?  14p.  
     19/98  Haaland, Jan I., et al.  What determines the economic       
            geography of Europe?  33p.                                 
     20/98  Klette, Tor Jakob & Moen, Jarle.  From growth theory to     
            technology policy: coordination problems in theory and      
            practice.  27p.                                             
     21/98  Moen, Jarle.  Trade and development: is south-south         
            cooperation a feasible strategy?  24p.                     
     18/98  Salvanes, Kjell G., Steen, Froda & Sorgard, Lars.  Collude, 
            compete, or both?: deregulation in the Norwegian airline    
            industry.  30p.                                             
     22/98  Salvanes, Kjell G., Burgess, Simon & Lane, Julia.  Sources  
            of earnings dispersion in a linked employer-employee        
            dataset: evidence from Norway.  33p.                        
     23/98  Tungodden, Bertil.  Poverty measurement: the critical       
            comparison value.  12p.                                     

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     261    Arrunada, Benito & Gonzalez, Manuel.  How competition       
            controls team production: the case of fishing firms.  40p.  
     269    Bosch-Domenech, Antoni & Vriend, Nicolaas J.  Do boundedly  
            rational people imitate?  23p.                             
     259    Cabrales, Antonio & Motta, Massimo.  Country asymmetries,   
            endogenous product choice and the speed of trade            
            liberalization.  35p.                                       
     260    Cabrales, Antonio & Hopenhayn, Hugo A.  Job dynamics,       
            correlated shocks and wage profiles.  23p.                  
     255    Jardi, Anna Cuxart, Recober, Manuel M. & Julia, Ferran F.   
            Algunos factores que inciden en el rendimiento y an la      
            evaluacion de los alumnos en las PAAU.  28p.                
     254    Moreno, Manuel.  Risk management under a two-factor model of
            the term structure of interest rates.  47p.                 
     266    Paradis, Jaume, Viader, Pelegri & Biblioni, Lluis.  A total 
            order in [0,1] defined through a `next' operator.  14p.     
     256    Saint-Paul, Gilles.  Employment protection, international   
            specialization, and innovation.  26p.                       

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     407    Ashenfelter, Orley & Rouse, Cecilia.  Schooling,            
            intelligence, and income in America: cracks in the Bell     
            Curve.  29p.                                                
     409    Dale, Stacy B. & Krueger, Alan B.  Estimating the payoff to 
            attending a more selective college: an application of       
            selection on observables and unobservables.  50p.                 
     408    Greenstone, Michael.  The impacts of environmental          
            regulation on industrial activity: evidence from the 1970 and   
            1977 Clean Air Act amendments and the Census of Manufactures. 
            57p.                         

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     210    Ethier, Wilfred J.  The international commercial system.    
            33p.                                                        

     PRINCETON UNIVERSITY.  Woodrow Wilson School-Papers in Economics.  

     202    Bertrand, Marianne & Mullainathan, Sendhil.  Executive      
            compensation and incentives: the impact of takeover         
            legislation.  38p.                                          
     203    Bertrand, Marianne & Mullainathan, Sendhil.  Is there       
            discretion in wage setting?: a test using takeover          
            legislation.  37p.                                          
     201    Bertrand, Marianne, Luttmer, Erzo F.P. & Mullainathan,      
            Sendhil.  Network effects and welfare cultures.  49p.       

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

     1120   Lei, Vivian, Noussair, Charles N. & Plott, Charles R.       
            Non-speculative bubbles in experimental asset markets: lack 
            of common knowledge of rationality vs. actual irrationality.  
            32p.                                                        
     1119   Noussair, Charles, Robin, Stephane & Ruffieux, Bernard.     
            Bubbles and anti-crashes in laboratory asset markets with   
            constant fundamental values.  35p.                          

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     973    Gregory, Allan W. & Haug, Alfred A.  Conflicts among tests  
            for cointegration.  8p.                                     

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     458    Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.       
            Prospective deficits and the Asian currency crisis.  54p.   
     456    Epstein, Larry G. & Zhang, Jiankang.  Subjective            
            probabilities on subjectively unambiguous events.  42p.     
     457    Gort, Michael, Greenwood, Jeremy & Rupert, Peter.  Measuring
            the rate of technological progress in structures.  38p.     

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     17     Calvert, Randall L.  Establishing cooperation without       
            pre-play communication.  22p.                               
     15     Calvert, Randall L. & Johnson, James.  Interpretation and   
            coordination in constitutional politics.  37p.              
     16     Calvert, Randall L. & Dietz, Nathan.  Legislative coalitions
            in a bargaining model with externalities.  16p.             
     18     Duggan, John & Martinelli, Cesar.  A Bayesian model of      
            voting in juries.  35p.                                     

     UNIVERSITA DI ROMA.  Centro Interdipartimentale di Economia Int'l. 

     45     Della Chiesa d'Isasca, Alfonso & Ginebri, Sergio.  Interest 
            rate differentials and maturity of the public debt in Italy:
            an econometric investigation.  11p.                         
     48     DiGioacchino, Debora, Ginebri, Sergio & Sabani, Laura.      
            Bribing and public debt repudiation.  14p.                  
     46     Donaghy, Kieran P.  Income policies revisited.  52p.        
     47     Verrue, Johan L. & Colpaert, Jan.  A dynamic model of the   
            real Belgian Franc.  31p.                                   

     UNIVERSITY OF SOUTHAMPTON.  Department of Economics.               

     9818   Chadha, Jagjit & Schellekens, Philip.  Utility functions for
            central bankers: the not so drastic quadratic.  35p.        
     9816   Gibbens, Richard, Mason, Robin & Steinberg, Richard.        
            Multiproduct competition between congestible networks.  40p.
     9817   Mateos-Planas, Xavier.  Education, technology adoption, and 
            productivity.  36p.                                         
     9819   Ulph, Alistair & Valentini, Laura.  Is environmental dumping
            greater when firms are footloose?  37p.                    

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     98-1   Dufwenberg, Martin & Kirchsteiger, Georg.  A theory of      
            sequential reciprocity.  39p.                               
     98-2   Fukushima, Yoshihiko.  Active labour market programmes and  
            unemployment in a dual labour market.  35p.                 

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     19/98  Billot, Antoine, et al.  Sharing beliefs: between agreeing  
            and disagreeing.  21p.                                      
     21/98  Cukierman, Alex & Spiegel, Yossi.  When do representative   
            and direct democracies lead to similar policy choices?     
            59p.                                                        
     20/98  Kasher, Asa & Rubinstein, Ariel.  On the question "who is a 
            J": a social choice approach.  13p.                         
     22/98  Papageorgiou, Yorgos & Pines, David.  Externalities,        
            nonconvexity, and agglomeration.  28p.                      

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9807   Alos-Ferrer, Carlos.  Individual randomness in economic     
            models with a continuum of agents.  25p.                    
     9808   Ania, Ana B., Troger, Thomas & Wambach, Achim.  An          
            evolutionary analysis of insurance markets under adverse    
            selection.  21p.                                            
     9803   Gugler, Klaus.  Dividends and agency costs.  23p.           
     9802   Hofbauer, Josef & Sorger, Gerhard.  Perfect foresight and   
            equilibrium selection in symmetric potential games.  22p.   
     9806   Kerschbamer, Rudolf & Maderner, Nina.  Are two a good       
            representative for many?  47p.                             
     9805   Kerschbamer, Rudolf & Maderner, Nina.  Optimal incentives to
            reduce downstream pollution under asymmetric information.   
            32p.                                                        

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     963    Bewley, Truman F.  Why not cut pay? (Alfred Marshall        
            Lecture).                                                

     YALE UNIVERSITY.  Economic Growth Center-Reprint Series.           

     537    Hamada, Koichi.  Bubbles, bursts and bailouts: a comparison 
            of three episodes of financial crises in Japan.          
     539    Hamada, Koichi.  The incentive structure of a "managed      
            market economy": can it survive the milennium?          
     538    Hamada, Koichi.  The role of the United States and Japan in 
            foreign direct investment and the transfer of technology.   
     541    Nakajima, Takanobu & Hamada, Koichi.  Issues on Japan's     
            intellectual product.                                    
     540    Schultz, T. Paul & Mwabu, Germano.  Labor unions and the    
            distribution of wages and employment in South Africa.    
     542    Srinivasan, T.N.  Democracy, markets, governance and        
            development.                                             

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