New Acquisitions - January 2002


     BANCO DE ESPANA.  Servicio de Estudios.                            

     2001-15 Ciccarelli, Matteo & Rebucci, Alessandro.  The transmission 
            mechanism of European monetary policy: is there             
            heterogeneity? Is it changing over time?  60p.             
     2001-14 Desmet, Klaus & Ortuno-Ortin, Ignacio.  Rational            
            underdevelopment.  37p.                                     
     2001-16 Estrada, Angel & Lopez-Salido, J. David.  Sectoral and      
            aggregate technology growth in Spain.  49p.                 

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     2001-19 Fujuki, Hiroshi, Hsiao, Cheng & Shen, Yan.  Is there a      
            stable money demand function under the low interest rate    
            policy?  A panel data analysis.  43p.                       
     2001-21 Saito, Makoto, et al.  Liquidity demand and asset pricing:  
            evidence from the periodic settlement in Japan.  29p.       
     2001-20 Spiegel, Mark M.  The disposition of failed Japanese bank   
            assets: lessons from the U.S. savings and loan crisis.  40p.
     2001-18 Une, Masashi.  The security evaluation of time stamping     
            schemes: the present situation and studies.  34p.           

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     309    Epstein, Roy J. & Rubinfeld, Daniel.  Merger stimulation: a 
            simplified approach with new applications.  43p.            
     310    Rigotti, Luca & Shannon, Chris.  Uncertainty and risk in    
            financial markets.  49p.                                    

     UNIVERSITY OF CALIFORNIA-SAN DIEGO.  Department of Economics.      

     2001-16 Crawford, Vincent P.  Lying for strategic advantage:        
            rational and boundedly rational misrepresentation of        
            intentions.  28p.                                           
     2001-14 Den Haan, Wouter J., Haefke, Christian & Ramey, Garey.      
            Shocks and institutions in a job matching model.  52p.      
     2001-15 Engle, Robert F. & Sheppard, Kevin.  Theoretical and        
            empirical properties of dynamic conditional correlation     
            multivariate GARCH.  43p.                                   
     2001-11 Evans, George W. & Ramey, Garey.  Adaptive expectations,    
            underparameterization and the Lucas critique.  18p.         
     2001-10 Hamilton, James D. & Herrera, Ana Maria.  Oil shocks and    
            aggregate macroeconomic behavior: the role of monetary      
            policy.  31p.                                               
     2001-12 Machina, Mark J.  Almost-objective uncertainty.  36p.       
     2001-19 Muller, Ulrich K. & Elliott, Graham.  Tests for unit roots  
            and the initial observation.  43p.                          
     2001-17 Patton, Andrew J.  Establishment of copula models for time  
            series of possibly different lengths.  49p.                 
     2001-20 Rauch, James E. & Watson, Joel.  Entrepreneurship in        
            international trade.  36p.                                  
     2001-18 Rauch, James E & Casella, Alessandra.  Overcoming           
            informational barriers to international resource allocation:
            prices and ties.  36p.                                      
     2001-13 Schorderet, Yann.  Revisiting Okun's law: an hysteric       
            perspective.  25p.                                          
     2001-21 Schwartz, Alan & Watson, Joel.  The law and economics of    
            costly contracting.  44p.                                   

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     18/2001 Bech, Morten L. & Garratt, Rod.  The intraday liquidity     
            management game.  40p.                                      
     15/2001 Bergstrom, Carl T. & Bergstrom, Theodore C.  Do university  
            site licenses for academic journals benefit the scientific  
            community?  8p.                                            
     13/2001 Bergstrom, Theodore C.  The algebra of assortative          
            encounters and the evolution of cooperation.  21p.          
     14/2001 Bergstrom, Theodore C.  Evolution of social behavior:       
            individual and group selection models.  53p.                
     16/2001 Bergstrom, Theodore C.  Free labor for costly journals?    
            22p.                                                        
     1/2002 Bohn, Henning.  Government asset and liability management in
            an era of vanishing public debt.  60p.                      
     9/2001 Charness, Gary & Grosskopf, Brit.  Cheap talk, information, 
            and coordination: experimental evidence.  25p.              
     10/2001 Charness, Gary, Haruvy, Erman & Sonsino, Doron.  Social     
            distance and reciprocity: the internet vs. the laboratory.  
            34p.                                                        
     11/2001 Charness, Gary & Gneezy, Uri.  What's in a name?  Anonymity 
            and social distance in dictator and ultimatum games.  21p.  
     12/2001 Deschenes, Olivier.  Unobserved ability, comparative        
            advantage, and the rising return to education in the United 
            States, 1979-2000.  49p.                                    
     3/2002 Kelly, David & LeRoy, Stephen F.  Liquidity and liquidation.
             24p.                                                       
     2/2002 Kuhn, Peter & Weinberger, Catherine.  Leadership skills and 
            wages.  51p.                                                
     17/2001 Steigerwald, Douglas C. & Vagnoni, Richard J.  Option market
            microstructure and stochastic volatility.  53p.             

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

     2001-9 Askenazy, Philippe.  Minimum wage, exports and growth.  25p.
     2001-6 Askenazy, Philippe, Caroli, Eve & Marcus, Vincent.  New     
            organizational practices and working conditions: evidence   
            from France in the 1990s.  52p.                             
     2001-10 Barinci, Jean-Paul & Cheron, Arnaud.  Real business cycles  
            and the animal spirits hypothesis in a cash-in-advance      
            economy.  13p.                                              
     2001-4 Duran, Jorge & Rillaers, Alexandra.  Idiosyncratic risk,    
            investment in human capital, and growth.  24p.              
     2001-8 Henin, Pierre-Yves, Jolivaldt, Philippe & Nguyen, Anh.      
            Testing for unit roots on heterogeneous panels: a sequential
            approach.  30p.                                             
     2001-7 Petit, Pascal.  Distribution and growth: can the New Left   
            deal with the neo-Schumpeterian "accord"?  Some comments on 
            the French experience.  25p.                                

     UNIVERSITY OF COPENHAGEN.  Centre for Industrial Economics.        

     2001-6 Hansen, Jorgen D., Jensen, Camilla & Madsen, Erik S.  Green 
            subsidies and learning-by-doing in the windmill industry.   
            22p.                                                        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1349   Comte, F. & Lieberman, O.  Asymptotic theory for            
            multivariate GARCH processes.  23p.                         
     1346r  Dubey, Pradeep & Geanakoplos, John.  Competitive pooling:   
            Rothschild-Stiglitz reconsidered.  33p.                     
     1345   Fair, Ray C.  Bootstrapping macroeconometric models.  28p.  
     1340   Gilboa, Itzhak & Schmeidler, David.  Cognitive foundations  
            of probability.  33p.                                       
     1342   Gilboa, Itzhak & Schmeidler, David.  A derivation of        
            expected utility maximization in the context of a game.     
            23p.                                                        
     1339   Gilboa, Itzhak & Schmeidler, David.  Inductive inference: an
            axiomatic approach.  45p.                                   
     1341   Gilboa, Itzhak & Schmeidler, David.  Subjective             
            distributions.  13p.                                        
     1348   Lieberman, Offer.  Penalized maximum likelihood estimation  
            for fractional Gaussian processes.  14p.                    
     1351   Lieberman, Offer, Rousseau, Judith & Zucker, David M.  Valid
            asymptotic expansions for the maximum likelihood estimator  
            of the parameter of a stationary, Gaussian, strongly dependent
	    process.  34p.   
     1343   Shubik, Martin.  Money and monetization of credit.  22p.    
     1347   Sun, Ning & Yang, Zaifu.  On fair allocations and           
            indivisibilities.  28p.                                     
     1350   Yang, Zaifu.  An optimal fair job assignment problem.  18p. 
     1344   Yariv, Leeat.  Believe and let believe: axiomatic           
            foundations for belief dependent utility functionals.  20p. 

     THE MAURICE FALK INSTITUTE FOR ECONOMIC RESEARCH IN ISRAEL.        

     2001-2 Moav, Omer.  Cheap children and the persistence of poverty. 
            23p.                                                        

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     2002-2 Baier, Scott L., Dwyer, Gerald P. & Tamura, Robert.  How    
            important are capital and total factor productivity for     
            economic growth?  49p.                                     
     2001-25 Evanoff, Douglas D. & Wall, Larry D.  Measures of the       
            riskiness of banking organizations: subordinated debt       
            yields, risk-based capital, and examination r.  33p.        
     2001-27 Espinosa-Vega, Marco A. & Smith, Bruce D.  Socially         
            excessive bankruptcy costs and the benefits of interest rate
            ceilings on loans.  26p.                                    
     2002-1 Ono, Hiroshi & Zavodny, Madeline.  Race, internet usage, and
            E-commerce.  17p.                                           
     2001-26 Robotti, Cesare.  The price of inflation and foreign        
            exchange risk in international equity markets.  50p.        

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     2001-20 Aaronson, Daniel & French, Eric.  The effect of part-time   
            work on wages: evidence from the social security rules.     
            27p.                                                        
     2001-21 Crowley, Meredith A.  Antidumping policy under imperfect    
            competition.  24p.                                          
     2001-16 Evans, Charles L. & Marshall, David.  Economic determinants 
            of the nominal Treasury yield curve.  44p.                  
     2001-14 Fisher, Jonas D.M.  A real explanation for heterogeneous    
            investment dynamics.  30p.                                  
     2001-19 French, Eric & Jones, John B.  The effects of health        
            insurance and self-insurance on retirement behavior.  50p.  
     2001-17 Green, Edward J. & Zhou, Ruilin.  Price level uniformity in 
            a random matching model with perfectly patient traders.     
            18p.                                                        
     2001-22 Kouparitsas, Michael A.  Is the United States an optimum    
            currency area?  An empirical analysis of regional business  
            cycles.  37p.                                               
     2001-18 Mazumder, Bhashkar.  Earnings mobility in the U.S.: a new   
            look at intergenerational inequality.  58p.                 
     2001-24 Mazumder, Bhashkar.  The mis-measurement of permanent       
            earnings: new evidence from social security earnings data.  
            32p.                                                        
     2001-23 Sullivan, Daniel G.  A note on the estimation of linear     
            regression models with heteroskedastic measurement errors.  
            27p.                                                        

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     298    Holmes, Tom.  The role of cities: evidence from the         
            placement of sales offices.  53p.                           

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     2001-16 Khan, Aubhik, King, Robert G. & Wolman, Alexander L.  The   
            pitfalls of discretionary monetary policy.  38p.            

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     2001-58 Amato, Jeffery D. & Laubach, Thomas.  Implications of habit 
            formation for optimal monetary policy.  42p.                
     2001-63 Berger, Allen N., Rosen, Richard J. & Udell, Gregory F.  The
            effect of market size structure on competition: the case of 
            small business lending.  37p.                               
     2001-60 Calem, Paul S. & LaCour-Little, Michael.  Risk-based capital
            requirements for mortgage loans.  40p.                      
     2001-59 Cohen, Darrel.  Linear data transformations used in         
            economics.  25p.                                            
     2001-55 Demiralp, Selva.  Monetary policy in a changing world:      
            rising role of expectations and the anticipation effect.    
            49p.                                                        
     2002-1 Han, Song & Mulligan, Casey B.  Inflation and the size of   
            government.  44p.                                           
     2002-2 Han, Song.  On the economics of discrimination in credit    
            markets.  47p.                                              
     2001-56 Laubach, Thomas & Williams, John C.  Measuring the natural  
            rate of interest.  26p.                                     
     2001-61 Lebow, David E. & Rudd, Jeremy B.  Measurement error in the 
            consumer price index: where do we stand?  60p.             
     2002-3 Li, Wenli & Sarte, Pierre-Daniel.  Growth effects of        
            progressive taxes.  31p.                                    
     2001-57 Liang, Nellie & Weisbenner, Scott.  Who benefits from a bull
            market?  An analysis of employee stock option grants and    
            stock prices.  42p.                                         
     2001-62 Orphanides, Athanasios.  Monetary policy rules,             
            macroeconomic stability and inflation: a view from the      
            trenches.  34p.                                             
     2002-4 Rigobon, Roberto & Sack, Brian.  The impact of monetary     
            policy on asset prices.  32p.                               

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     714    Faust, Jon, Rogers, John H. & Wright, Jonathan H.  Exchange 
            rate forecasting: the errors we've really made.  33p.       
     716    Berger, Brett D.  Putty-putty, two-sector, vintage capital  
            growth models.  40p.                                        
     717    Carlson, Mark & Hernandez, Leonardo.  Determinants and      
            repercussions of the composition of capital inflows.  48p.  
     718    Egli, Dominik, Ongena, Steven & Smith, David C.  On the     
            sequencing of projects, reputation building, and            
            relationship finance.  39p.                                 
     715    Guerrieri, Luca.  Inflation dynamics.  26p.                 

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     2001-33 Andrieu, Christophe & Robert, Christian P.  Controlled MCMC 
            for optimal sampling.  37p.                                 
     2001-35 Ango Nze, Patrick & Doukhan, Paul.  Weak dependence: models 
            and applications.  20p.                                     
     2001-32 Blundell, Richard, et al.  Collective labor supply:         
            heterogeneity and non-participation.  58p.                  
     2001-37 Cahuc, Pierre & Malherbet, Franck.  Unemployment            
            compensation finance and labor market rigidity.  26p.       
     2001-29 Cappe, Olivier, Robert, Christian P. & Ryden, Tobias.       
            Reversible jump MCMC converging to birth-and-death MCMC and 
            more general continuous time samplers.  17p.                
     2001-38 Choirat, Christine & Seri, Raffaello.  Estimation in        
            discrete parameter models.  45p.                            
     2001-34 Chopin, Nicolas.  Sequential inference and state number     
            determination for discrete state-space models through       
            particle filtering.  26p.                                   
     2001-30 Fevrier, Philippe, Linnemer, Laurent & Visser, Michael.  Buy
            or wait, that is the option: the buyer's option in          
            sequential laboratory auctions.  38p.                       
     2001-31 Gourieroux, Christian & Jasiak, Joanna.  Local likelihood   
            density estimation and value at risk.  35p.                 
     2001-28 Gourieroux, Christian & Robert, Christian Y.  Tails and     
            extremal behavior of stochastic unit root models.  70p.     
     2001-39 Hong, Ian, Scaillet, Olivier & Tamer, Elie.  A fast         
            subsampling method for nonlinear dynamic models.  32p.      
     2001-36 L'Haridon, Olivier & Malherbet, Franck.  Job protection and 
            aggregate employment fluctuations: a reappraisal.  34p.     

     LA TROBE UNIVERSITY.  Department of Economics.                     

     2001-7 Cardak, Buly A.  Education choice, neoclassical growth and  
            class structure.  11p.                                      
     2001-6 Cardak, Buly A.  Education vouchers, growth and income      
            inequality.  55p.                                           
     2001-5 D'Souza, Clare & Prentice, David.  Auctioneer strategy and  
            pricing: evidence from an art auction.  24p.                
     2001-4 Nanere, Marthin G. & Hill, Railton.  The structure and      
            dynamics of expectations and customer satisfaction in       
            channel member relationships in the Victorian fruit industry
	 .  7p.           
     2001-3 Nanere, Marthin G. & Fraser, Iain.  Total factor            
            productivity as a measure of weak sustainability.  27p.     

     LONDON SCHOOL OF ECONOMICS.  ICERD-Devel. Econ. Discussion Series. 

     31     MacCulloch, Robert.  Does social insurance help secure      
            property rights? 39p.                                     
     30     MacCulloch, Robert.  What makes a revolution?  48p.        

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     397    Guidolin, Massimo & Timmermann, Allan.  Option prices under 
            Bayesian learning: implied volatility dynamics and          
            predictive densities.  59p.                                 
     396    Loss, Frederic.  Hedging, agency cost and corporate size.   
            40p.                                                        

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     11/2001 Horne, Jocelyn.  The current account debate in Australia:   
            changing policy perspectives.  33p.                         

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     825    Bardsley, Peter & Sherstyuk, Katerina.  Rat races and glass 
            ceilings: career paths in organizations.  31p.              
     824    Borland, Jeff & McDonald, James T.  Displaced workers in    
            Australia 1984-1996: macroeconomic conditions and structural
            change.  40p.                                               
     826    Chou, Yuan K. & Chin, Martin S.  Human capital, financial   
            innovations and growth: a theoretical approach.  30p.       
     823    Creedy, John & Duncan, Alan.  Aggregating labour supply and 
            feedback effects in microsimulation.  26p.                  
     822    Hyde, Charles E.  Multinationals and the relationship       
            between strategic and tax transfer prices.  23p.            
     821    Hyde, Charles E.  What motivates return policies?  22p.    

     UNIVERSITY OF MINNESOTA.  Center for Economic Research.            

     314    Hurwicz, Leonid & Marschak, Thomas.  The informational      
            efficiency of finite price mechanisms.  73p.                

     UNIVERSITY OF MINNESOTA.  Economic Development Center.             

     2001-3 Glewwe, Paul.  School skills and economic development:      
            education policies, student learning and socioeconomic      
            outcomes in developing countries.  73p.                     

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     11/2001 Hyndman, Rob J., et al.  Prediction intervals for           
            exponential smoothing state space models.  21p.             
     10/2001 Racine, Jeff & Hyndman, Rob J.  Using R to teach            
            econometrics.  14p.                                         

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     593    Ahsan, Syed M.  Institutional framework and poverty: a      
            transition economy perspective.  27p.                       
     612    Alstadsaeter, Annette.  Does the tax system encourage too   
            much education?  18p.                                      
     606    Alvarez, Luis H.R. & Koskela, Erkki.  Wicksellian theory of 
            forest rotation under interest rate variability.  22p.      
     555    Anderberg, Dan.  An equilibrium analysis of marriage,       
            divorce and risk-sharing.  35p.                             
     574    Andersen, Torben M.  European integration: a downwards bias 
            in employment policies?  29p.                              
     608    Andreassen, Harald M, et al.  Assessing monetary policy in  
            Norway.  45p.                                               
     567    Aronsson, Thomas, Backlund, Kenneth & Lofgren, Karl-Gustaf. 
            International cooperation over green taxes: on the          
            impossibility of achieving a probability one gain.  26p.    
     571    Bandholz, Harm & Funke, Michael.  In search of leading      
            indicators of economic activity in Germany.  27p.           
     569    Barrowclough, Diana.  Spilling over and crowding out: the   
            effects of public sector/private sector convergence and     
            competition, in the provision of public goods.  31p.        
     599    Beetsma, Roel, Debrun, Xavier & Klaassen, Frank.  Is fiscal 
            policy coordination in EMU desirable?  32p.                
     558    Blumkin, Tomer & Sadka, Efraim.  Estate taxation.  31p.     
     578    Bohm, Hjalmar & Funke, Michael.  Does the nominal exchange  
            rate regime matter for investment? 25p.                   
     564    Borensztein, Eduardo R. & Gelos, R. Gaston.  A panic-prone  
            pack? The behavior of emerging market mutual funds.  35p.   
     600    Bortolotti, Bernardo, Fantini, Marcella & Siniscalco,       
            Domenico.  Privatisation around the world: new evidence from
            panel data.  42p.                                           
     619    Bradford, David.  Reforming budgetary language.  34p.       
     566    Calthrop, Edward.  On subsidising auto-commuting.  32p.     
     618    Castronova, Edward.  Virtual worlds: a first-hand account of
            market and society on the cyberian frontier.  40p.          
     595    Christiansen, Vidar & Smith, Stephen.  The economics of     
            duty-free shopping.  34p.                                   
     601    Conconi, Paola & Perroni, Carlo.  Issue linkage and issue   
            tie-in in multilateral negotiations.  28p.                  
     577    De Grauwe, Paul & Vansteenkiste, Isabel.  Exchange rates and
            fundamentals: a non-linear relationship?  38p.             
     588    de Mooij, Ruud & Ederveen, Sjef.  Taxation and foreign      
            direct investment: a synthesis of empirical research.  30p. 
     626    Dittrich, Dennis, Guth, Werner & Maciejovsky, Boris.        
            Overconfidence in investment decisions: an experimental     
            approach.  21p.                                             
     589    Dixit, Avinash.  On modes of economic governance.  38p.     
     559    Doherty, Neil A. & Schlesinger, Harris.  Insurance contracts
            and securitization.  28p.                                   
     592    Dur, Robert A.J. & Teulings, Coen N.  Education and         
            efficient redistribution.  38p.                             
     573    Egger, Hartmut & Falkinger, Josef.  A complete              
            characterization of the distributional effects of           
            international outsourcing in the Heckscher-Ohlin model.     
            35p.                                                        
     613    Engstrom, Per, Holmlund, Bertil & Kolm, Ann-Sofie.  Optimal 
            taxation in search equilibrium with home production.  39p.  
     591    Erlenmaier, Ulrich & Gerbach, Hans.  The funds concentration
            effect and discriminatory bailout.  50p.                    
     611    Evans, George W., Honkapohja, Seppo & Marimon, Ramon.       
            Stable sunspot equilibria in a cash-in-advance economy.     
            28p.                                                        
     621    Fellner, Gerlinde, Guth, Werner & Maciejovsky, Boris.       
            Illusion of expertise in portfolio decisions: an            
            experimental approach.  26p.                                
     607    Flaig, Gebhard.  Trend and cycles in U.S. real GDP.  14p.   
     556    Flandreau, Marc & Komlos, John.  How to run a target zone?  
            Age old lessons from an Austro-Hungarian experiment.  39p.  
     622    Gersbach, Hans & Liessem, Verena.  Reelection threshold     
            contracts in politics.  29p.                                
     576    Glazer, Amihai, Kannianen, Vesa & Niskanen, Esko.  Bequests,
            control rights, and cost-benefit analysis.  18p.            
     625    Goerke, Laszlo.  Accident law: an excessive standard may be 
            efficient.  11p.                                            
     582    Goerke, Laszlo.  Redundancy pay and collective dismissals.  
            19p.                                                        
     584    Grimm, Veronika, Riedel, Frank & Wolfstetter, Elmar.  The   
            third generation (UMTS) spectrum auction in Germany.  22p.  
     565    Guinnane, Timothy W.  Delegated monitors, large and small:  
            the development of Germany's banking system, 1800-1914.     
            58p.                                                        
     594    Hamilton, Stephen F. & Requate, Till.  Vertical structure   
            and strategic environmental trade policy.  18p.             
     620    Hehenkamp, Burkhard, Leininger, Wolfgang & Possajennikov,   
            Alex.  Evolutionary rent-seeking.  16p.                     
     562    Hoel, Michael & Saether, Erik M.  Public health care with   
            waiting time: the role of supplementary private health care.
             26p.                                                       
     596    Ichino, Andrea & Riphahn, Regina T.  The effect of          
            employment protection on worker effort: a comparison of     
            absenteeism during and after probation.  18p.               
     590    Janeba, Eckhard & Smart, Michael.  Is targeted tax          
            competition less harmful than its remedies? 23p.          
     563    Jeanne, Olivier & Zettelmeyer, Jeromin.  International      
            bailouts, moral hazard, and conditionality.  28p.           
     617    Kirchgassner, Gebhard.  The effects of fiscal institutions  
            on public finance: a survey of the empirical evidence.  30p.
     605    Kleven, Henrik J. & Kreiner, Claus T.  On the optimality of 
            joint taxation with household production.  22p.             
     560    Komlos, John & Kriwy, Peter.  The biological standard of    
            living in the two Germanies.  20p.                          
     585    Lejour, Arjan M., de Mooij, Ruud A. & Nahuis, Richard.  E.U.
            enlargement: economic implications for countries and        
            industries.  30p.                                           
     604    Lutkepohl, Helmut & Wolters, Jurgen.  The transmission of   
            German monetary policy in the pre-Euro period.  23p.        
     572    Martimort, David & Stole, Lars.  Common agency equilibria   
            with discrete mechanisms and discrete types.  23p.          
     581    Martimort, David & Stole, Lars.  Contractual externalities  
            and common agency equilibria.  43p.                         
     575    Martimort, David & Stole, Lars.  The revelation and         
            delegation principles in common agency games.  17p.         
     597    Moraga, Jose Luis & Viaene, Jean-Marie.  Procompetitive     
            trade policies.  33p.                                       
     614    Nam, Chang Woon & Parsche, Rudiger.  Looking for appropriate
            forms of intergovernmental transfers for municipalities in  
            transition economies.  18p.                                 
     557    Niemann, Rainer.  Tax rate uncertainty and investment       
            behavior.  31p.                                             
     610    Peri, Giovanni.  Young people, skills and cities.  30p.     
     580    Perry, Craig W. & Rosen, Harvey S.  Insurance and the       
            utilization of medical services among the self-employed.    
            50p.                                                        
     586    Prendergast, Canice & Stole, Lars.  Barter, liquidity and   
            market segmentation.  35p.                                  
     598    Raff, Horst & von der Ruhr, Marc.  Foreign direct investment
            in producer services: theory and empirical evidence.  33p.  
     602    Redoano, Michela & Scharf, Kimberley A.  The political      
            economy of policy centralization: direct versus             
            representative democracy.  27p.                             
     624    Richter, Wolfram P.  Delayed integration of mobile labor: a 
            principle for coordinating taxation, social security, and   
            social assistance.  26p.                                    
     579    Sandmo, Agnar.  Bridging the tax expenditure gap: green     
            taxes and the marginal cost of funds.  23p.                 
     568    Santos, Georgina & Newbery, David.  Urban congestion        
            charging: theory, practice and environmental consequences.  
            20p.                                                        
     615    Schaltegger, Christoph A. & Feld, Lars P.  On government    
            centralization and budget referendums: evidence from        
            Switzerland.  35p.                                          
     623    Sinn, Hans-Werner.  The new systems competition.  24p.      
     603    Sinn, Hans-Werner.  Risk taking, limited liability and the  
            competition of bank regulators.  32p.                       
     561    Sinn, Hans-Werner & Ubelmesser, Silke.  When will the       
            Germans get trapped in their pension system?  19p.         
     583    Steigum, Erling & Thogersen, Oystein.  Borrow and adjust:   
            fiscal policy and sectoral adjustment in an open economy.   
            32p.                                                        
     587    Steigum, Erling.  Trade unions and the burden of the public 
            debt.  27p.                                                 
     570    van Aarle, Bas & Garretsen, Harry.  Keynesian, non-Keynesian
            or no effects of fiscal policy change?  The EMU case.  25p. 
     609    Walsh, Carl E.  Speed limit policies: the output gap and    
            optimal monetary policy.  30p.                              

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     8635   Abel, Andrew B.  On the invariance of the rate of return to 
            convex adjustment costs.  19p.                              
     8649   Abel, Andrew B.  On the invariance of the rate of return to 
            convex adjustment costs.  19p.                              
     8646   Alesina, Alberto, Angeloni, Ignazio & Etro, Federico.       
            Institutional rules for federations.  42p.                  
     8645   Alesina, Alberto, Angeloni, Ignatio & Etro, Federico.  The  
            political economy of international unions.  51p.            
     8647   Alesina, Alberto, Angeloni, Ignazio & Schuknecht, Ludger.   
            What does the European Union do?  37p.                     
     8631   Aizenman, Joshua & Marion, Nancy.  The merits of horizontal 
            versus vertical FDI in the presence of uncertainty.  37p.   
     8643   Ang, Andrew, Chen, Joseph & Xing, Yuhang.  Downside risk and
            the momentum effect.  46p.                                  
     8660   Angrist, Joshua D. & Kugler, Adriana D.  Protective or      
            counter-productive?  European labor market institutions and 
            the effect of immigrants on EU natives.  48p.               
     8618   Apfel, Robert C., et al.  Short sales, damage and class     
            certification in 10B-5 actions.  41p.                       
     8681   Atkeson, Andrew & Kehoe, Patrick J.  The advantage of       
            transparent instruments of monetary policy.  39p.           
     8676   Atkeson, Andrew & Kehoe, Patrick J.  The transition to a new
            economy after the second Industrial Revolution.  53p.       
     8658   Baker, Michael, Gruber, Jonathan & Milligan, Kevin.  The    
            retirement incentive effects of Canada's income security    
            programs.  47p.                                             
     8638   Bar-Ilan, Avner & Sacerdote, Bruce.  The response to fines  
            and probability of detection in a series of experiments.    
            42p.                                                        
     8661   Bebchuk, Lucian A., Fried, Jesse M. & Walker, David I.      
            Executive compensation in America: optimal contracting or   
            extraction of rents?  109p.                                
     8703   Bebchuk, Lucian A. & Hamdani, Assaf.  Optimal defaults for  
            corporate law evolution.  42p.                              
     8633   Bebchuk, Lucian & Hart, Oliver.  Takeover bids vs. proxy    
            fights in contests for corporate control.  40p.             
     8619   Bivins, Laura L. & Krishna, Kala.  Transferability of       
            migration licenses and the distribution of potential rents. 
            30p.                                                        
     8685   Bloom, David E., Canning, David & Sevilla, Jaypee.  Economic
            growth and the demographic transition.  87p.                
     8640   Boersch-Supan, Axel.  Labor market effects of population    
            aging.  38p.                                                
     8620   Borenstein, Severin, et al.  Trading inefficiencies in      
            California's electricity markets.  42p.                     
     8652   Bris, Arturo & Welch, Ivo.  The optimal concentration of    
            creditors.  42p.                                            
     8594   Carow, Kenneth A. & Kane, Edward J.  Event-study evidence of
            the value of relaxing longstanding regulatory on banks,     
            1970-2000.  40p.                                            
     8695   Carroll, Christopher D.  The epidemiology of macroeconomic  
            expectations.  47p.                                         
     8615   Chattapadhyay, Raghabendra & Duflo, Esther.  Women as policy
            makers: evidence from a India-wide randomized policy        
            experiment.  39p.                                           
     8632   Chernew, Michael, Gowrisankaran, Gautam & Fendrick, A. Mark.
             Payer type and the returns to bypass surgery: evidence from
            hospital entry behavior.  34p.                              
     8655   Choi, James J., et al.  Defined contribution pensions: plan 
            rules, participant decisions, and the path of least         
            resistance.  56p.                                           
     8651   Choi, James J., et al.  For better or for worse: default    
            effects and 401(k) savings behavior.  49p.                  
     8596   Clark, Gregory & Feenstra, Robert.  Technology in the great 
            divergence.  59p.                                           
     8693   Coate, Stephen.  Political competition with campaign        
            contributions and informative advertising.  50p.            
     8627   Costa, Dora L. & Kahn, Matthew E.  Cowards and heroes: group
            loyalty in the American Civil War.  34p.                    
     8621   Currie, Janet & Fahr, John.  Hospitals, managed care, and   
            the charity caseload in California.  46p.                   
     8629   Das, Sanghamitra, Roberts, Mark J. & Tybout, James R.       
            Market entry costs, producer heterogeneity, and export      
            dynamics.  52p.                                             
     8637   Davis, Donald R. & Weinstein, David E.  The factor content  
            of trade.  43p.                                             
     8698   Desai, Mihir A., Foley, C. Fritz & Hines, James R.  Dividend
            policy inside the firm.  62p.                               
     8697   Dranove, David, et al.  Is more information better?  The    
            effects of `report cards' on health care providers.  31p.   
     8710   Duflo, Esther.  The medium run effect of educational        
            expansion: evidence from a large school construction program
            in Indonesia.  54p.                                         
     8671   Edwards, Sebastian & Magendzo, I. Igal.  Dollarization,     
            inflation and growth.  21p.                                 
     8691   Farrelly, Matthew C., Pechacek, Terry F. & Chaloupka, Frank 
            J.  The impact of tobacco control program expenditures on   
            aggregate cigarette sales, 1981-1998.  32p.                 
     8634   Frankel, Jeffrey A. & Roubini, Nouriel.  The role of        
            industrial country policies in emerging market crises.      
            110p.                                                       
     8628   Fuchs, Victor R., McClennan, Mark & Skinner, Jonathan.  Area
            differences in utilization of medical care and mortality    
            among U.S. elderly.  60p.                                   
     8696   Glaesser, Edward L. & Shapiro, Jesse M.  Cities and warfare:
            the impact of terrorism on urban form.  30p.                
     8613   Glaesser, Edward L.  Public ownership in the American city. 
            43p.                                                        
     8650   Glaesser, Edward L. & Shleifer, Andrei.  The rise of the    
            regulatory state.  39p.                                     
     8686   Goetzmann, William N. & Kumar, Alok.  Equity portfolio      
            diversification.  37p.                                      
     8612   Goetzmann, William N, Li, Ling-feng & Rouwenhorst, K. Geert.
             Long-term global market correlations.  50p.                
     8678   Graham, John R. & Harvey, Campbell R.  Expectations of      
            equity risk premia, volatility and asymmetry from a         
            corporate finance perspective.  38p.                        
     8705   Gray, Wayne B. & Shadbegian, Ronald J.  When do firms shift 
            production across states to avoid environmental regulation?
             30p.                                                       
     8657   Gruber, Jonathan.  Taxes and health insurance.  44p.        
     8675   Harrigan, James.  Specialization and the volume of trade: do
            the data obey the laws?  56p.                              
     8690   Holden, Steinar & Driscoll, John C.  A note on inflation    
            persistence.  13p.                                          
     8648   Irwin, Douglas A. & Pavcnik, Nina.  Airbus versus Boeing    
            revisited: international competition in the aircraft market.
             38p.                                                       
     8689   Irwin, Douglas A.  The optimal tax on antebellum U.S. cotton
            exports.  27p.                                              
     8692   Irwin, Douglas A.  The welfare cost of autarky: evidence    
            from the Jeffersonian trade embargo, 1807-1809.  25p.       
     8682   Jagannathan, Ravi, Kaplin, Andrew & Sun, Steve G.  An       
            evaluation of multi-factor CIR models using LIBOR, swap     
            rates, and cap and swaption prices.  42p.                   
     8626   Jofre-Bonet, Mireia & Pesendorfer, Martin.  Estimation of a 
            dynamic auction game.  55p.                                 
     8688   Kaplow, Louis & Shavell, Steven.  Moral rules and the moral 
            sentiments: toward a theory of an optimal moral system.     
            59p.                                                        
     8609   Kogan, Leonid & Uppal, Raman.  Risk aversion and optimal    
            portfolio policies in partial and general equilibrium       
            economies.  34p.                                            
     8694   Kroszner, Randall S. & Strahan, Philip E.  Throwing good    
            money after bad?  Board connections and conflicts in bank   
            lending.  38p.                                              
     8656   Lanjouw, Jean O. & Schankerman, Mark.  Enforcing            
            intellectual property rights.  44p.                         
     8677   Lichtenberg, Frank R.  The effect of new drugs on mortality 
            from rare diseases and HIV.  27p.                           
     8625   Liebman, Jeffrey B.  Redistribution in the current U.S.     
            Social Security system.  41p.                               
     8665   Lipsey, Robert E.  Foreign direct investment and the        
            operations of multinational firms: concepts, history, and   
            data.  56p.                                                 
     8642   Lundberg, Shelly & Pollak, Robert A.  Efficiency in         
            marriage.  26p.                                             
     8622   McGrattan, Ellen R. & Prescott, Edward C.  The stock market 
            crash of 1929: Irving Fisher was right!.  37p.              
     8623   McGrattan, Ellen R. & Prescott, Edward C.  Taxes,           
            regulations and asset prices.  48p.                         
     8644   Mairesse, Jacques & Mohnen, Pierre.  To be or not to be     
            innovative: an exercise in measurement.  38p.               
     8614   Mankiw, N. Gregory & Reis, Ricardo.  Sticky information: a  
            model of monetary noneutrality and structural slumps.  40p. 
     8701   Mayer, Christopher & Sinai, Todd.  Network effects,         
            congestion externalities, and air traffic delays: or why all
            delays are not evil.  52p.                                  
     8617   Mishkin, Frederic S.  The transmission mechanism and the    
            role of asset prices in monetary policy.  21p.              
     8639   Mocan, H. Naci & Gittings, R. Kaj.  Pardons, executions and 
            homicide.  44p.                                             
     8654   Morck, Randall & Yang, Fan.  The mysterious growing value of
            S&P 500 membership.  48p.                                   
     8668   Morton, Fiona S., Zettelmeyer, Florian & Silva-Risso, Jorge.
            Consumer information and price discrimination: does the    
            Internet affect the pricing of new cars to women and minorities?
             33p.                                                       
     8653   Myers, Mary M, et al.  Copycat funds: information disclosure
            regulation and the returns to active management in the      
            mutual funds industry.  31p.                                
     8663   Neumark, David & Kawaguchi, Daiji.  Attrition bias in       
            economic relationships estimated with matched CPS files.    
            43p.                                                        
     8616   Niederle, Muriel & Roth, Alvin E.  Unraveling reduces the   
            scope of an entry level labor market: gastroenterology with 
            and without a centralized match.  28p.                      
     8630   Ofek, Eli & RIchardson, Matthew.  Dotcom mania: the rise and
            fall of internet stock prices.  56p.                        
     8679   Paasche, Bernhard & Zin, Stanley E.  Competition and        
            intervention in sovereign debt markets.  39p.               
     8680   Pinkowitz, Lee, Stulz, Rene M. & Williamson, Rohan.         
            Corporate governance and the home bias.  33p.               
     8610   Poterba, James M., Venti, Steven F. & Wise, David A.  The   
            transition to personal accounts and increasing retirement   
            wealth: macro and micro evidence.  90p.                     
     8670   Powers, Elizabeth T. & Neumark, David.  The Supplemental    
            Security Income program and incentives to take up Social    
            Security early retirement: empirical evidence from matched
	    SSIP and Social Security administrative files.  43p.        
     8664   Prendergast, Canice.  Selection and oversight in the public 
            sector, with the Los Angeles Police Department as an        
            example.  40p.                                              
     8708   Rauch, James E. & Watson, Joel.  Entrepreneurship in        
            international trade.  36p.                                  
     8659   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Why            
            international equity inflows to emerging markets are        
            inefficient and small relative to international debt inflo. 
            21p.                                                        
     8687   Reiss, Peter C. & White, Matthew W.  Household electricity  
            demand, revisited.  54p.                                    
     8636   Rigobon, Roberto.  The curse of non-investment grade        
            countries.  27p.                                            
     8683   Routledge, Bryan R. & Zin, Stanley E.  Model uncertainty and
            liquidity.  50p.                                            
     8699   Saffer, Henry & Dave, Dhaval.  Mental illness and the demand
            for alcohol, cocaine and cigarettes.  30p.                  
     8666   Shanken, Jay & Tamayo, Ane.  Risk, mispricing, and asset    
            allocation: conditioning on dividend yield.  54p.           
     8672   Shapiro, Matthew D. & Slemrod, Joel.  Consumer response to  
            tax rebates.  52p.                                          
     8624   Silk, Alvin J., Klein, Lisa R. & Berndt, Ernst R.           
            Intermedia substitutability and market demand by national   
            advertisers.  57p.                                          
     8669   Sinn, Hans-Werner.  Risk taking, limited liability and the  
            competition of bank regulators.  38p.                       
     8641   Titman, Sheridan.  The Modigliani and Miller theorem and    
            market efficiency.  25p.                                    
     8684   Vegh, Carlos A.  Monetary policy, interest rate rules, and  
            inflation targeting: some basic equivalence.  34p.          
     8608   Venti, Steven F. & Wise, David A.  Aging and housing equity:
            another look.  77p.                                         
     8611   Wei, Shang-Jin & Wu, Yi.  Globalization and inequality:     
            evidence from within China.  34p.                           
     8662   Whalley, John.  Puzzles over international taxation of cross
            border flows of capital income.  23p.                       
     8702   Williams, Jenny, Chaloupka, Frank J. & Wechsler, Henry.  Are
            there differential effects of price and policy on college   
            students' drinking intensity?  20p.                        
     8673   Woodford, Michael.  Imperfect common knowledge and the      
            effects of monetary policy.  44p.                           
     8674   Woodford, Michael.  Monetary policy in the information      
            economy.  69p.                                              
     8667   Zettelmeyer, Florian, Morton, Fiona S. & Silva-Risso, Jorge.
             Cowboys or cowards: why are Internet car prices lower?    
            33p.                                                        

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

     2001-24 Altman, Edward I.  Managing credit risk: a challenge for the
            new millennium.  20p.                                       
     2001-23 Basak, Suleyman, Shapiro, Alex & Tepla, Lucie.  Risk        
            management with benchmarking.  36p.                         
     2001-22 Dahiya, Sandeep, Saunders, Anthony & Srinivasan, Anand.     
            Financial distress and bank lending relationships.  38p.    
     2001-25 Lange, Jeffrey & Economides, Nicholas.  A parimutuel market 
            microstructure for contingent claims trading.  47p.         
     2001-21 Saunders, Anthony & Srinivasan, Anand.  Investment banking  
            relationships and merger fees.  38p.                        

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     24     Banks, Jeffrey S. & Duggan, John.  A multidimensional model 
            of repeated elections.  51p.                                
     22     Bernhardt, Dan & Chambers, Christopher.  Profit sharing     
            (with workers) facilitates collusion (among firms).  23p.   
     23     Cho, Seok-ju & Duggan, John.  Uniqueness of stationary      
            equilibria in a one-dimensional model of bargaining.  14p.  

     UNIVERSITY OF SAARLAND.  Department of Economics.                  

     2001-1 Breit, Joachim, Schmidt, Gunter & Strusevich, Vitaly A.     
            Non-preemprive two-machine open shop scheduling with        
            non-availability constraints.  17p.                         

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     2001-12 Agell, Jonas.  On the determinants of labour market         
            institutions: rent seeking vs. social insurance.  41p.      
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