New Acquisitions - July 1998


     UNIVERSITY OF ALBERTA.  Department of Economics.                   

     98-1   Sharir, Shmuel.  Compensating for damages with the          
            "dedicated portfolio approach" and comparison with the      
            "discount rate" approach.  31p.                             
     98-2   Sharir, Shmuel.  Employer's tastes for discrimination,      
            nepotism and being boss: modeling and implication           
            for..discrimination.  20p.                                  

     UNIVERSITY OF ALBERTA.  Institute for Public Economics.            

     98-1   Boothe, Paul & Hermanutz, Derek.  Paying for ACCESS:        
            province by province.  34p.                                 

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

     9808   Alos-Ferrer, Carlos.  Dynamical systems with a continuum of 
            randomly matched agents.  33p.                              
     9809   Calzolari, Giorgio, Di Iorio, Francesca & Fiorentini,       
            Gabriele.  Control variates for variance reduction in       
            indirect inference: interest rate models in continuous time.
             19p.                                                       
     9811   Diaz, Antonia & Echevarria, Cristina.  Kinship related      
            altruistic preferences and intervivos transfers.  48p.      
     9804   Diaz, Antonia & Guillo, M. Dolores.  Some stylized facts of 
            Spanish unemployment.  49p.                                 
     9810   Fiorentini, Gabriele & Planas, Christophe.                  
            Non-admissibility and the specification of unobserved       
            components models.  44p.                                    
     9806   Gines, Miguel & Marhuenda, Francisco.  Welfarism in specific
            economic domains.  20p.                                     
     9807   Guerrero-Luchtenberg, Cesar.  A turnpike theorem for a      
            family of functions.  38p.                                  
     9812   Herrero, Carmen & Pinto, Jose L.  Comparison and evaluation 
            of states of health.  28p.                                  
     9805   Peris, Josep E. & Sanchez, M. Carmen.  Fixed agenda social  
            choice correspondences.  31p.                               

     AUSTRALIAN NATIONAL UNIVERSITY.  Faculty of Economics.             

     344    Crossley, Thomas F.  Firms and wages: evidence from         
            displaced workers.  34p.                                    
     346    Crossley, Thomas F.  What can we learn from displaced worker
            data about the returns to tenure?.  36p.                    
     345    Hahm, Joon-Ho & Steigerwald, Douglas G.  Consumption        
            adjustment under changing income uncertainty.  27p.         
     343    King, Stephen & Pitchford, Rohan.  Private or public?: a    
            taxonomy of optimal ownership and management regimes.  35p. 
     342    Pitchford, Rohan.  A simple theory of deregulation.  22p.   

     BANCO DE ESPANA.  Servicio de Estudios.                            

     9811   Kim, Soyoung.  Identifying European monetary policy         
            interactions: French and Spanish system with German         
            variables.  41p.                                            

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     98-5   Higo, Masahiro & Nakada, Sachiko Kuroda.  How can we extract
            a fundamental trend from an economic time series?.  67p.    

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

     416    Davila, Julio.  Overlapping generations economies and       
            symmetrical economies under extrinsic uncertainty.  10p.    
     415    Davila, Julio.  Time reversibility and extrinsic uncertainty
            in overlapping generations economies.  15p.                 
     417    De Fraja, Gianni.  Training, minimum wage, and employment: a
            simple dynamic analysis.  24p.                              
     396    Gonzalez-Maestre, Miguel & Granero, Luis M.  Industrial     
            loans and market structure.  20p.                           

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

     88     Yu, Wei, Ellis, Randall P. & Ash, Arlene.  Using the        
            diagnostic cost group model to measure risk selection in the
            Mass. state employee health insurance progra.  22p.         

     UNIVERSITY OF CALIFORNIA-BERKELEY.  Department of Economics.       

     260    Hall, Bronwyn H., et al.  Does cash flow cause investment   
            and R & D?: an exploration using panel data for French,     
            Japanese & U.S. sci. firms.  37p.                           
     261    Hall, Browyn H., Mairesse, Jacques & Mulkay, Benoit.  Firm  
            level investment in France and the United States: an        
            axploration of what we have learned in twenty years.  46p.  

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

     99     Obstfeld, Maurice.  Foreign resource inflows, saving, and   
            growth.  63p.                                               
     98     Obstfeld, Maurice.  The global capital market: benefactor or
            menace?.  36p.                                              

     UNIVERSITY OF CALIFORNIA-SAN DIEGO.  Department of Economics.      

     9815   Bansak, Cynthia & Raphael, Steven.  Have employment         
            relationships in the United States become less stable?.     
            33p.                                                        
     9804   Betts, Julian R.  Educational crowding-out: do immigrants   
            affect the educational attainment of American minorities?.  
            44p.                                                        
     9812   Deb, Partha, Ming, Xing & Trivedi, Pravin K.  Moment-based  
            estimation of latent class models of event counts.  31p.    
     9808   Ejarque, Joao.  Investment irreversibility and precautionary
            savings in general equilibrium.  37p.                       
     9806   Elliott, Graham & Ito, Takatoshi.  Heterogeneous            
            expectations and tests of efficiency in the Yen/dollar      
            exchange rate market.  32p.                                 
     9803   Engle, Robert F. & Smith, Aaron D.  Stochastic permanent    
            breaks.  63p.                                               
     9807   Engle, Robert F & Lunde, Asger.  Trades and quotes: a       
            bivariate point process.  26p.                              
     9802   Flavin, Marjorie & Yamashita, Takashi.  Owner-occupied      
            housing and the composition of the household portfolio over 
            the life cycle.  42p.                                       
     9814   Gaviria, Alejandro.  Increasing returns and the evolution of
            violent crime: the case of Colombia.  38p.                  
     9813   Gaviria, Alejandro.  Intergenerational mobility, siblings'  
            inequality and borrowing constraints.  31p.                 
     9801   Granger, Clive W.J.  Extracting information from mega-panels
            and high-frequency data.  24p.                              
     9809   Granger, Clive W.J., Huang, Bwo-Nung & Yang, Chin Wei.  A   
            bivariate causality between stock prices and exchange rates:
            evidence from recent Asia flu.  21p.                        
     9811   Lunde, Asger, Timmermann, Allan & Blake, David.  The hazards
            of mutual fund underperformance: a Cox regression analysis. 
            37p.                                                        
     9805   Raphael, Steven, Stoll, Michael A. & Holzer, Harry J.  Are  
            suburban firms more likely to discriminate against          
            African-Americans?.  38p.                                   
     9810   Russell, Jeffrey R. & Engle, Robert F.  Econometric analysis
            of discrete-valued irregularly spaced financial transactions
            data....  31p.                                              
     9816   Sullivan, Ryan, Timmermann, Allan & White, Halbert.  Dangers
            of data-driven inference: the case of calendar effects in   
            stock returns.  53p.                                        

     UNIVERSITY OF CAMBRIDGE.  Department of Applied Economics.         

     9808   Binder, Michael, Pesaran, M. Hashem & Samiei, S. Hossein.   
            Analytical and numerical solution of finite-horizon         
            nonlinear rational expectations models.  34p.               
     9810   Cardarelli, Roberto & Vidal, Jean-Pierre.  Financial        
            integration and monetary competition.  38p.                 
     9807   Kuo, George W. & Satchell, S.E.  Global equity styles and   
            industry effects: portfolio construction via dummy          
            variables.  22p.                                            
     9809   Michel, Philippe & Vidal, Jean-Pierre.  Economic integration
            and growth under intergenerational financing of human       
            capital formation.  18p.                                    

     BANK OF CANADA.  Technical Reports.                                

     83     O'Reilly, Brian.  The benefits of low inflation: taking     
            stock.  74p.                                                

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     9801   Gunby, Philip.  Demon or saviour?: an assessment of the ISO 
            9000 quality assurance standards.  56p.                     
     9802   Guthrie, Graeme & Wright, Julian.  Market-implemented       
            monetary policy with open mouth operations.  34p.           
     9803   MacKinnon, James G., Haug, Alfred A. & Michelis, Leo.       
            Numerical distribution functions of likelihood ratio tests  
            for cointegration.  16p.                                    

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

     9715   Anderson, Ronald W., Pan, Yonghua & Sundaresan, Suresh.     
            Corporate bond yield spreads and the term structure.  45p.  
     9718   Browne, Sid.  Beating a moving target: optimal portfolio    
            strategies for outperforming a stochastic benchmark.  21p.  
     9717   Browne, Sid.  Stochastic differential portfolio games.  27p.
     9719   Danthine, Jean-Pierre & Donaldson, John B.  Non-falsified   
            expectations and general equilibrium asset pricing: the     
            power of the peso.  36p.                                    
     9716   Nyborg, Kjell G., Rydqvist, Kristian & Sundaresan, Suresh.  
            Bidder behavior in multiple unit auctions: evidence from    
            Swedish Treasury auctions.  45p.                            

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9807   Beyer, Andreas.  European money demand and the role of UK   
            for its stability: a cointegration analysis.  31p.          
     9808   Hansen, Claus T. & Jacobsen, Hans J.  Duration dependent    
            unemployment benefits in trade union theory.  28p.          
     9810   Hansen, Claus T. & Kyhl, Soren.  Pay-per-view television:   
            consequences of a ban.  25p.                                
     9809   Pedersen, Torben M.  The Hodrick-Prescott filter, the       
            Slutsky effect, and the distortionary effect of filters.    
            17p.                                                        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1182   Park, Joon Y & Phillips, Peter C.B.  Asymptotics for        
            nonlinear transformations of integrated time series.  26p.  
     1180   Phillips, Peter C.B.  Econometric analysis of Fisher's      
            equation.  33p.                                             
     1181   Phillips, Peter C.B & Park, Joon Y.  Nonstationary density  
            estimation and kernel autoregression.  24p.                 
     1179   Shiller, Robert.  Designing indexed units of account.  18p. 
     1177   Shiller, Robert & Weiss, Allan N.  Moral hazard in home     
            equity conversion.  25p.                                    

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1889   Bacchetta, Philippe & van Wincoop, Eric.  Capital flows to  
            emerging markets: liberalization, overshooting and          
            volatility.  37p.                                           
     1879   Barrett, Alan & O'Connell, Philip J.  Does training         
            generally work?: the returns to in-company training.  19p.  
     1892   Bernard, Henri & Gerlach, Stefan.  Does the term structure  
            predict recessions?: the international evidence.  26p.      
     1877   Bilal, Sanoussi, Grether, Jean-Marie & de Melo, Jaime.      
            Determinants of attitudes towards immigration: a            
            trade-theoretic approach.  38p.                             
     1881   Burda, Michael.  The consequences of EU enlargement for     
            Central and East European labour markets.  37p.             
     1869   Burda, Michael & Mertens, Antje.  Wages and worker          
            displacement in Germany.  32p.                              
     1878   Cadot, Olivier, de Melo, Jaime & Olarreaga, Marcelo.  Can   
            bilateralism ease the pains of multilateral trade           
            liberalization?.  18p.                                      
     1899   Canzoneri, Matthew B., Cumby, Robert E. & Diba, Behzad T.   
            Fiscal discipline and exchange rate regimes.  34p.          
     1886   Cordella, Tito & Yeyati, Eduaro Levy.  Public disclosure and
            bank failures.  26p.                                        
     1896   Darby, Julia, et al.  The impact of exchange rate           
            uncertainty on the level of investment.  38p.               
     1890   Darvas, Zsolt M.  Spurious correlation in exchange rate     
            target zone modelling: testing the drift adjustment method  
            on the U.S. dollar.  42p.                                   
     1883   Djankov, Simeon & Hoekman, Bernard.  Avenues of technology  
            transfer: foreign investment and productivity change in the 
            Czech Republic.  21p.                                       
     1898   Eichengreen, Barry & Jeanne, Olivier.  Currency crisis and  
            unemployment: sterling in 1931.  58p.                       
     1888   Gehrig, Thomas, Regibeau, Pierre & Rockett, Kate.  Project  
            evaluation and organizational form.  30p.                   
     1882   Hoekman, Bernard, Konon, Denise & Maskus, Keith.  An        
            Egypt-United States free trade agreement: economic          
            incentives and effects.  35p.                               
     1895   Ichino, Andrea & Winter-Ebmer, Rudolf.  The long-run        
            educational cost of World War II: an example of local       
            average treatment effect estimation.  30p.                  
     1884   Lettau, Martin.  Inspecting the mechanism: the determination
            of asset prices in the real business cycle model.  28p.     
     1875   Marcet, Albert & Nicolini, Juan Pablo.  Recurrent           
            hyperinflations and learning.  42p.                         
     1885   Nielsen, Lars T & Vassalou, Maria.  Performance measures for
            dynamic portfolio management.  36p.                         
     1816   Rabick, Marcus E.  The importance of networks in the market 
            for university graduates in Japan: a longitudinal analysis  
            of hiring patte.  33p.                                      
     1891   Schnitzer, Monika.  Expropriation and control rights: a     
            dynamic model of foreign direct investment.  30p.           
     1880   Zweimuller, Josef.  Schumpeterian entrepreneurs meet Engel's
            law: the impact of inequality on innovation-driven growth.  
            31p.                                                        

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     98-6   Espinosa-Vega, Marco & Russell, Steven.  The long-run real  
            effects of monetary policy: Keynesian prediction from a     
            neoclassical model.  46p.                                   
     98-5   Kahn, Charles M. & Roberds, William.  Demandable debt as a  
            means of payment: banknotes versus checks.  31p.            

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     249    Geweke, John.  Using simulation methods for Bayesian        
            econometric models: inference, development, and             
            communication.  74p.                                        
     248    Ohanian, Lee E.  "The Defining Moment": a review essay.     
            10p.                                                        

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

     40     Davis, Donald R. & Weinstein, David E.  Economic geography  
            and regional production structure: an empirical             
            investigation.  48p.                                        
     41     McConnell, Margaret M. & Perez-Quiros, Gabriel.  Output     
            fluctuations in the United States: what has changed since   
            the early 1980s?.  32p.                                     

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     9813   Ball, Laurence & Croushore, Dean.  Expectations and the     
            effects of monetary policy.  21p.                           
     9811   Carlino, Gerald & Sill, Keith.  The cyclical behavior of    
            regional per capita incomes in the postwar period.  29p.    
     9815   Ceglowski, Janet.  Has the border narrowed?.  25p.          
     9816   Ceglowski, Janet.  Regionalization and home bias: the case  
            of Canada.  26p.                                            
     9814   Croushore, Dean.  Evaluating inflation forecasts.  36p.     
     9812   Stark, Tom.  A Bayesian vector error corrections model of   
            the U.S. economy.  56p.                                     

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     172    Goubitz, Shirranka, Keaser, Tamar & Shmida, Avi.            
            Age-related flower sampling in bumble bees: a survey of     
            unsuccessful foragers.  9p.                                 
     173    Neyman, Abraham & Okada, Daijiro.  Two-person repeated games
            with finite automata.  33p.                                 

     UNIVERSITY OF ICELAND.  Faculty of Economics & Business Admin.     

     9805   Gylfason, Thorvaldur, Herbertsson, Tryggvi Thor & Zoega,    
            Gylfi.  Ownership and growth.  22p.                         
     9806   Petursson, Thorarinn G.  Explaining the term structure: the 
            expectations hypothesis and time varying term premia.  21p. 
     9807   Petursson, Thorarinn G.  The representative household's     
            demand for money in a cointegrated VAR model.  28p.         

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9807   Baraud, Yannick, Comte, Fabianne & Viennet, Gabrielle.      
            Adaptive estimation in an autoregression and a geometrical  
            beta-mixing regression framework.  34p.                     
     9814   Boyer, Cecile & Le Fol, Gaelle.  Temps aleatoire et         
            dynamique du Carnet d'ordres.  36p.                         
     9811   Chamley, Christophe.  Capital income taxation, wealth       
            distribution and borrowing constraints.  27p.               
     9809   Chamley, Christophe.  Social learning, delays, and multiple 
            equilibria.  43p.                                           
     9810   Garcia, Rene & Renault, Eric.  Risk aversion, intertemporal 
            substitution, and option pricing.  47p.                     
     9815   Gourieroux, Christian & Le Fol, Gaelle.  Matching procedures
            and market characteristics.  36p.                           
     9808   Gruet, Marie Anne, Philippe, Anne & Robert, Christian P.    
            MCMC control spreadsheets for exponential mixture           
            estimation.  17p.                                           
     9806   Guerre, Emmanuel & Maes, Jules.  Optimal rate for           
            nonparametric estimation in deterministic dynamical systems.
             20p.                                                       
     9812   Jullien, Bruno, Salanie, Bernard & Salanie, Francois.       
            Should more risk-averse agents exert more effort?.  12p.    
     9804   Margolis, David N. & Viala, Pascale.  Wage concessions and  
            debt forgiveness as strategic responses to financial        
            distress.  33p.                                             
     9813   Menneteau, Ludovic.  Functional law of the iterated         
            logarithm for Kiefer processes.  28p.                       
     9805   Robert, Christian P., Ryden, Tobias & Titterington, D.M.    
            Convergence controls for MCMC algorithms with applications  
            to hidden Markov chains.  22p.                              

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9806   Hardle, W. & Horowitz, Joel.  Internet based econometric    
            computing.  11p.                                            
     9805   Horowitz, Joel L.  Nonparametric estimation of a generalized
            additive model with an unknown link function.  41p.         
     9807   Horowitz, Joel L. & Savin, N.E.  Empirically relevant       
            critical values for hypothesis tests: the bootstrap to the  
            rescue.  15p.                                               

     IOWA STATE UNIVERSITY.  Department of Economics.                   

     44     Currarini, Sergio & Marini, Marco.  The core of games with  
            Stackleberg leaders.  19p.                                  
     43     Tesfatsion, Leigh.  Gale-Shapley matching in an evolutionary
            trade network game.  40p.                                   

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     401    Caroll, Christopher D., Rhee, Byung-Kun & Rhee, Changyong.  
            Does cultural origin affect saving behavior?: evidence from 
            immigrants.  23p.                                           
     400    Chander, Parkash.  International treaties on global         
            pollution: a dynamic time-path analysis.  16p.              
     399    Chander, Parkash.  A stronger measure of risk aversion and a
            general characterization of optimal income tax enforcement. 
            24p.                                                        
     402    Moffitt, Robert A. & Wilhelm, Mark.  Taxation and the labor 
            supply decisions of the affluent.  76p.                     

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     295    Blake, David, Lehmann, Bruce N. & Timmermann, Allan.  Asset 
            applocation dynamics and pension fund performance.  33p.    
     294    Blake, David, Lehmann, Bruce N. & Timmermann, Allan.        
            Performance clustering and incentives in the UK pension fund
            industry.  23p.                                             
     293    Cerasi, Vittoria & Daltung, Sonja.  Close-relationships     
            between banks and firms: is it good or bad?.  25p.          

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

     46     Knight, John, Lin, Sinn-Juh & Satchell, Stephen.  Modelling 
            volatility and correlation for tick-by-tick returns data    
            using trading information & buy/sell signals.  53p.         
     47     Spencer, Peter D.  A model of perpetual bond value.  27p.   

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     629    Atkinson, M.E., Creedy, John & Knox, David M.  The equity   
            implications of changing the tax basis for pension funds.   
            18p.                                                        
     632    Bardsley, Peter.  Dynamic addiction games.  32p.            
     631    Collins, Richard & Sherstyuk, Katerina.  Spatial competition
            with three firms: an experimental study.  38p.              
     633    Creedy, John.  Indirect tax reform in Australia: the welfare
            effects on different demographic groups.  44p.              
     628    Creedy, John & Gemmell, Norman.  The built-in flexibility of
            taxation: some basic analytics.  32p.                       
     627    Ferrier, Gary D. & Hirschberg, Joseph G.  Can we bootstrap  
            DEA scores?.  15p.                                          
     634    King, Stephen P.  Privatization: does reality match the     
            rhetoric?.  22p.                                            
     625    King, Stephen & Pitchford, Rohan.  Private or public?: a    
            taxonomy of optimal ownership and management regimes.  35p. 
     630    Lambertini, Luca & Sasaki, Dan.  Non-negative quantity      
            constraints and the duration of punishment.  19p.           
     635    Messinis, George.  Habit formation and the theory of        
            addiction.  39p.                                            
     626    Wen, Mei & Sasaki, Dan.  Excess capacity investment:        
            government versus private firms.  20p.                      

     MONASH UNIVERSITY.  Department of Economics.                       

     14/97  Bidarkota, Prasad V. & McCulloch, J. Huston.  Real stock    
            returns: non-normality, seasonality, and volatility         
            persistence, but no predictability.  39p.                   
     15/97  Chand, Satish.  Trade liberalisation and productivity       
            growth: time-series evidence from Australian manufacturing. 
            36p.                                                        
     17/97  Haag, Jamie R.  Capital market imperfections and the        
            regional transmission of monetary policy.  27p.             
     16/97  Smyth, Russell.  The township & village enterprise sector as
            a specific example of regionalism: some lessons for         
            socialist transform.  50p.                                  

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6524   Aizenman, Joshua.  Privatization in emerging markets.  21p. 
     6508   Ang, Andrew & Bekaert, Geert.  Regime switches in interest  
            rates.  68p.                                                
     6567   Attanasio, Orazio, Banks, James & Tanner, Sarah.  Asset     
            holding and consumption volatility.  30p.                   
     6560   Attanasio, Orazio & Jappelli, Tullio.  Intertemporal choice 
            and the cross-sectional variance of marginal utility.  37p. 
     6558   Aw, Bee Yan, Chung, Sukkyun & Roberts, Mark J.  Productivity
            and the decision to export: micro evidence from Taiwan and  
            South Korea.  34p.                                          
     6530   Bacchetta, Philippe & van Wincoop, Eric.  Capital flows to  
            emerging markets: liberalization, overshooting, and         
            volatility.  43p.                                           
     6521   Bebchuk, Lucian Arye & Guzman, Andrew T.  An economic       
            analysis of transnational bankruptcies.  33p.               
     6509   Bebchuk, Lucian Arye & Chang, Howard F.  The effect of      
            offer-of-settlement rules on the terms of settlement.  28p. 
     6538   Bernard, Andrew B. & Wagner, Joachim.  Export entry and exit
            by German firms.  24p.                                      
     6571   Bernard, Andrew B. & Jensen, J. Bradford.  Understanding    
            increasing and decreasing wage inequality.  43p.            
     6517   Besley, Timothy J. & Rosen, Harvey S.  Vertical             
            externalities in tax setting: evidence from gasoline and    
            cigarettes.  21p.                                           
     6566   Blanchard, Olivier.  Revisiting European unemployment:      
            unemployment, capital accumulation and factor prices.  48p. 
     6506   Borjas, George.  The economic progress of immigrants.  53p. 
     6555   Branson, William H., Braga de Macedo, Jorge & von Hagen,    
            Jurgen.  Macroeconomic policy and institutions during the   
            transition to European Union membership.  26p.              
     6522   Buiter, Willem H.  Notes on "a code for fiscal stability".  
            17p.                                                        
     6520   Card, David.  Falling union membership and rising wage      
            inequality: what's the connection?.  41p.                   
     6519   Card, David, DiNardo, John & Estes, Eugena.  The more things
            change: immigrants and the children of immigrants in the    
            1940s, the 1970s, and the 1990s.  60p.                      
     6549   Carroll, Christopher D.  Why do the rich save so much?.     
            29p.                                                        
     6568   Carroll, Christopher D., Rhee, Byung-Kun & Rhee, Changyong. 
            Does cultural origin affect saving behavior?: evidence from 
            immigrants.  23p.                                           
     6578   Carroll, Robert, et al.  Income taxes and enterpreneurs' use
            of labor.  37p.                                             
     6541   Chaloupka, Frank J. & Pacula, Rosalie L.  An examination of 
            gender and race differences in youth smoking responsiveness 
            to price and tobacco control policies.  15p.                
     6574   Cockburn, Iain M. & Anis, Aslam H.  Hedonic analysis of     
            arthritis drugs.  28p.                                      
     6533   Cummins, Jason G.  Taxation and the sources of growth:      
            estimates from United States multinational corporations.    
            33p.                                                        
     6514   Cutler, David, McClellan, Mark & Newhouse, Joseph.  The     
            costs and benefits of intensive treatment for cardiovascular
            disease.  48p.                                              
     6516   Edwards, Sebastian & Savastano, Miguel A.  The morning      
            after: the Mexican Peso in the aftermath of the 1994        
            currency crisis.  81p.                                      
     6510   Edwards, Sebastian & Lederman, Daniel.  The political       
            economy of unilateral trade liberalization: the case of     
            Chile.  74p.                                                
     6518   Estrella, Arturo & Mishkin, Frederic S.  Rethinking the role
            of NAIRU in monetary policy: implications of model          
            formulation and uncertainty.  46p.                          
     6529   Evenett, Simon J. & Keller, Wolfgang.  On theories          
            explaining the success of the gravity equation.  50p.       
     6523   Feldman, Sarah & Scharfstein, David.  Managed care and      
            provider volume.  29p.                                      
     65540  Feldstein, Martin & Samwick, Andrew.  Two percent personal  
            retirement accounts: their potential effects on social      
            security tax rates & national saving.  14p.                 
     6548   Friedberg, Leora.  The effect of old age assistance on      
            retirement.  36p.                                           
     6572   Froot, Kenneth A. & Dabora, Emil.  How are sticky prices    
            affected by the location of trade?.  22p.                   
     6525   Gentry, William M. & Milano, Joseph.  Taxes and investment  
            in annuities.  36p.                                         
     6537   Goldin, Claudia & Katz, Lawrence F.  The shaping of higher  
            education: the formative years in the United States, 1890 to
            1940.  54p.                                                 
     6532   Goolsbee, Austan.  Does government R & D policy mainly      
            benefit scientists and engineers?.  13p.                    
     6526   Goolsbee, Austan.  Investment subsidies and wages in capital
            goods industries: to the workers go the spoils?.  23p.      
     6543   Haldane, Andrew G. & Batini, Nicoletta.  Forward-looking    
            rules for monetary policy.  50p.                            
     6564   Hall, Robert E. & Jones, Charles I.  Why do some countries  
            produce so much more output per worker than others?.  49p.  
     6515   Hamermesh, Daniel S.  Changing inequality in markets for    
            workplace amenities.  48p.                                  
     6565   Haskel, Jonathan E. & Slaughter, Matthew J.  Does the sector
            bias of skill-biased technical change explain changing wage 
            inequality?.  41p.                                          
     6542   Heckman, James J. & Smith, Jeffrey A.  Evaluating the       
            welfare state.  95p.                                        
     6551   Helpman, Elhanan & Rangel, Antonio.  Adjusting to a new     
            technology: experience and training.  43p.                  
     6577   Hendel, Igal & Lizzeri, Alessandro.  The role of leasing    
            under adverse selection.  36p.                              
     6550   Holderness, Clifford G., Kroszner, Randall S. & Sheehan,    
            Dennis P.  Were the good old days that good?: changes in    
            managerial stock ownership since the Great Depression.  52p.
     6553   Hong, Harrison, Lim, Terence & Stein, Jeremy C.  Bad news   
            travels slowly: size, analyst coverage and the profitability
            of momentum strategies.  56p.                               
     6539   Hubbard, R. Glenn & Palia, Darius.  A re-examination of the 
            conglomerate merger wave in the 1960s: an internal capital  
            markets view.  28p.                                         
     6556   Inman, Robert P. & Rubinfeld, Daniel L.  Subsidiarity and   
            the European Union.  24p.                                   
     6507   Jaffe, Adam B. & Trajtenberg, Manuel.  International        
            knowledge flows: evidence from patent citations.  39p.      
     6580   Krishna, Kala & Winston, Tor.  A new model of quality.  36p.
     6544   Lafontaine, Francine & Slade, Margaret E.  Incentive        
            contracting and the franchise decision.  44p.               
     6547   Lakdawalla, Darius & Philipson, Tomas.  The rise in old age 
            longevity and the market for long-term care.  39p.          
     6535   Lazear, Edward P.  Diversity and immigration.  43p.         
     6579   Lazear, Edward P.  Globalization and the market for         
            teammates.  49p.                                            
     6569   Lichtenberg, Frank R.  Pharmaceutical innovation, mortality 
            reduction, and economic growth.  28p.                       
     6511   McGarry, Kathleen & Schoeni, Robert F.  Social security,    
            economic growth, and the rise in independence of elderly    
            widows in the 20th century.  33p.                           
     6546   Metcalf, Gilbert E.  A distributional analysis of an        
            environmental tax shift.  60p.                              
     6561   Myers, Stewart C.  Outside equity financing.  51p.          
     6573   Neumark, David.  Labor market information and wage          
            differentials by race and sex.  37p.                        
     6536   Neumark, David, Schweitzer, Mark & Wascher, William.  The   
            effects of minimum wages on the distribution of family      
            income: a non-parametric analysis.  43p.                    
     6559   Obstfeld, Maurice.  The global capital market: benefactor or
            menace?.  36p.                                              
     6512   Rudebusch, Glenn D. & Svensson, Lars E.O.  Policy rules for 
            inflation targeting.  51p.                                  
     6554   Ruhm, Christopher J.  Parental leave and child health.  47p.
     6534   Samwick, Andrew A.  New evidence on pensions, social        
            security, and the timing of retirement.  54p.               
     6531   Scheve, Kenneth F. & Slaughter, Matthew J.  What determines 
            individual trade policy preferences?.  38p.                 
     6552   Shiller, Robert J. & Weiss, Allan N.  Moral hazard in home  
            equity conversion.  39p.                                    
     6513   Skinner, Jonathan & Wennberg, John E.  How much in enough?: 
            efficiency and Medicare spending in the last six months of  
            life.  37p.                                                 
     6557   Slaughter, Matthew J.  International trade and per capita   
            income convergence: a difference-in- differences analysis.  
            22p.                                                        
     6528   Stock, James H. & Watson, Mark W.  Business cycle           
            fluctuations in U.S. macroeconomic time series.  80p.       
     6545   Svensson, Lars E.O.  Open-economy inflation targeting.  50p.
     6527   Yazici, Esel Y. & Kaestner, Robert.  Medicaid expansions and
            the crowding out of private health insurance.  22p.         

     UNIVERSIDADE CATOLICA PORTUGUESA.  Departamento de Economia.       

     87     Machado, Fernando S.  Agricultural policy decisions when the
            politicians are sensitive to the environmental lobby...     
            16p.                                                        
     93     Martins, Ana Paula.  Unemployment and wages and             
            centralization in wage bargaining: some analytical          
            explanations.  13p.                                         
     88     Martins, Ana Paula.  Union duopoly with homogeneous labor.  
            70p.                                                        
     91     Martins, Ana Paula.  Union duopoly with homogeneous labor:  
            the effect of membership and employment constraints.  62p.  
     90     Martins, Ana Paula.  Union duopoly with homogeneous labor:  
            the effect of wage controls.  83p.                          
     92     Martins, Ana Paula.  Union membership and wage              
            determination: can monopsonist unions reduce unemployment?. 
            32p.                                                        
     89     Neves, Joao Cesar das.  Aquinas on wealth: a rejection of   
            Aristotle.  6p.                                             

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     401    Angrist, Joshua D. & Krueger, Alan B.  Empirical strategies 
            in labor economics.  118p.                                  
     400    Farber, Henry S.  Mobility and stability: the dynamics of   
            job change in labor markets.  65p.                          

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     207    Fischer, Stanley, et al.  Should the IMF pursue capital     
            account convertibility?.  75p.                              

     PRINCETON UNIVERSITY.  International Finance Section-Studies.      

     84     Buiter, Willem, Corsetti, Giancarlo M. & Pesenti, Paolo A.  
            Interpreting the European exchange rate mechanism crisis:   
            country specific and systemic issues.  70p.                 

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     972    Shi, Shouyong.  Product market and the size-wage            
            differential.  40p.                                         
     971    Shi, Shouyong.  Search, inflation, and capital accumulation.
             42p.                                                       

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     14     Banks, Jeffrey S., Duggan, John & Le Breton, Michel.  Bounds
            for mixed strategy equilibria and the spatial model of      
            elections.  19p.                                            

     UNIVERSITY OF SOUTHAMPTON.  Department of Economics.               

     9806   Balkenborg, Dieter, Jansen, Mathijs & Vermeulen, Dries.     
            Invariance properties of persistent equilibria and related  
            solution concepts.  17p.                                    
     9809   Bravo, Francesco.  A correction factor for unit root test   
            statistics.  21p.                                           
     9805   Larsen, Jens D.J.  The macroeconomic implications of        
            turnover costs and wage contracts.  37p.                    
     9808   Lu, Maozu & Zhang, Zhichao.  Exchange rate reform and its   
            inflationary consequences: an empirical analysis for China. 
            32p.                                                        
     9807   Lu, Maozu & Zhang, Zhichao.  Parallel exchange market as a  
            transition mechanism for foreign exchange reform: China's   
            experiment.  40p.                                           

     STANFORD UNIV.  Center for Research on Econ. Devel. & Policy Reform

     4      Bell, Clive, Srinivasan, T.N. & Udry, Christopher.          
            Rationing, spillover and interlinking in credit markets: the
            case of rural Punjab.  54p.                                 
     16     Cao, Yuanzheng, Qian, Yingyi & Weingast, Barry.  From       
            federalism, Chinese style, to privatization, Chinese style. 
            38p.                                                        
     15     Haber, Stephen & Razo, Armando.  Political instability and  
            economic performance: evidence from revolutionary Mexico.   
            50p.                                                        
     14     Krishna, Pravin.  Are regional trading blocs "natural"?.    
            31p.                                                        
     13     Krishna, Pravin & Panagariya, Arvind.  On the existence of  
            necessarily welfare-enhancing free trade areas.  16p.       
     12     Krishna, Pravin & Panagariya, Arvind.  A unification of the 
            theory of second best.  36p.                                
     21     Krueger, Anne O.  Exchange rate policies for developing     
            countries: what has changed?.  26p.                         
     2      Krueger, Anne O.  Nominal anchor exchange rate policies as a
            domestic distortion.  38p.                                  
     1      Krueger, Anne O.  Trade policy and economic development: how
            we learn.  50p.                                             
     10     Lane, Philip R. & Tornell, Aaron.  Why aren't savings rates 
            in Latin America procyclical?.  25p.                        
     11     Lau, Lawrence J., Qian, Yingyi & Roland, Gerard.  Reform    
            without losers: an interpretation of China's dual-track     
            approach to transition.  36p.                               
     6      McKinnon, Ronald I.  Toward virtual exchange rate stability 
            in Western and Eastern Europe with or without EMU.  52p.    
     19     McKinnon, Ronald I. & Pill, Huw.  International             
            overborrowing: a decomposition of credit and currency risks.
             42p.                                                       
     3      McKinnon, Ronald I. & Pill, Huw.  The overborrowing         
            syndrome: are East Asian economies different?.  50p.        
     8      Razo, Armando & Haber, Stephen.  The rate of growth of      
            productivity in Mexico, 1850-1933: evidence from the cotton 
            textile industry.  43p.                                     
     18     Schaffner, Julie A.  Job stability in developing and        
            developed countries: evidence from Colombia and the United  
            States.  56p.                                               
     17     Srinivasan, T.N.  As the century turns: analytics, empirics 
            and politics of development.  72p.                          
     7      Stinivasan, T.N.  Democracy, markets, governance and        
            development.  54p.                                          
     5      Srinivasan, T.N.  India's export performance: a comparative 
            analysis.  49p.                                             
     9      Tornell, Aaron.  Rational atrophy: the U.S. steel industry. 
            51p.                                                        
     20     Tornell, Aaron.  Reform from within.  47p.                  

     UNIVERSITY OF VICTORIA (BC).  Department of Economics.             

     9803   Giles, David E.A.  Modelling the tax compliance profiles of 
            New Zealand firms: evidence from audit records.  32p.       

     UNIVERSITY OF VIRGINIA.  Center for Studies in Political Economy.  

     310    Levine, Ross, Loayza, Norman & Beck, Thorsten.  Financial   
            intermediation and growth: causality and causes.  47p.      

     UNIVERSITY OF WESTERN ONTARIO.  Department of Economics.           

     9806   Burgess, David & Fried, Joel.  Canadian tax deferred savings
            plans and the foreign property rule.  34p.                  
     9805   Goodhue, Rachel E., Rausser, Gordon C. & Simon, Leo K.      
            Privatization, market liberalization, and learning in       
            transition economies.  30p.                                 
     9804   Wintrobe, Ronald.  Privatization, the market for corporate  
            control, and capital flight from Russia.  15p.              

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     955    Kitamura, Yuichi & Phillips, Peter C.B.  Fully modified IV, 
            GIVE and GMM estimation with possibly non-stationary        
            regressors and instruments.                              
     957    Nordhaus, William D.  Do real-output and real-wage measures 
            capture reality?: the history of lighting suggests not. 
     956    Tobin, James, et al.  Irving Fisher (1867-1947) in          
            retrospect: six essays.                                
     960    Andrews, Donald W.K.  Hypothesis testing with a restricted  
            parameter space.                                        
     959    Barany, Imre, Scarf, Herbert E. & Shallcross, David.  The   
            topological structure of maximal lattice free convex bodies:
            the general case.                                       
     962    Fair, Ray C.  Estimated stabilization costs of the EMU.  
     961    Nordhaus, William D.  Quality change in price indexes.   
     958    Quint, Thomas & Shubik, Martin.  A theorem on the number of 
            Nash equilibria in a bimatrix game.                     

     YALE UNIVERSITY.  Economic Growth Center-Reprint Series.           

     535    Bell, Clive, Srinivasan, T.N. & Udry, Christopher.          
            Rationing, spillover, and interlinking in credit markets:   
            the case of rural Punjab.                                
     531    Guinnane, Timothy W.  Regional organizations in the German  
            cooperative banking system in the late 19th century.    
     536    Hamada, Koichi.  Developmentalism and the economics of      
            decreasing cost.                                        
     530    Ranis, Gustav.  The comparative development experience of   
            Mexico, the Philippines and Taiwan from a political economy 
            perspective.                                             
     532    Schultz, T. Paul & Tansel, Aysit.  Wage & labor supply      
            effects of illness in Cote d'Ivoire & Ghana: instrumental   
            variable estimates for days disabled.                    
     533    Srinivasan, T.N.  The common external tariff of a customs   
            union: alternative approaches.                           
     534    Srinivasan, T.N.  Democracy, markets and development.    

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