New Acquisitions - June 2000


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

     115    Drandakis, Emmanuel.  Caratheodory's theorem on constrained 
            optimization and comparative statics.  30p.                 

     BANCO DE ESPANA.  Servicio de Estudios.                            

     2000-4 Andres, J., Ballabriga, F. & Valles, J.  Monetary policy and
            exchange rate behavior in the fiscal theory of the price    
            level.  45p.                                                
     2000-2 Cabrero, Alberto.  Seasonal adjustment in economic time     
            series: the experience of the Banco de Espana (with the     
            model-based method).  53p.                                  

     BANK OF JAPAN.  Institute for Monetary & Economic Studies.         

     2000-11 Fujiki, Hiroshi, Okina, Kunio & Shiratsuka, Shigenori.      
            Monetary policy under zero interest rate: viewpoints of     
            central bank economists.  46p.                              
     2000-10 Ieda, Akira, Marumo, Kohei & Yoshiba, Toshinao.  A          
            simplified method for calculating the credit risk of lending
            portfolios.  36p.                                           
     2000-13 Mori, Naruki, Shiratsuka, Shigenori & Taguchi, Hiroo.       
            Policy responses to the post-bubble adjustments in Japan: a 
            tentative review.  70p.                                     
     2000-12 Okina, Kunio, Shirakawa, Masaki & Shiratsuka, Shigenori.    
            The asset price bubble and monetary policy: Japan's         
            experience in the late 1980s and the lessons.  69p.         
     2000-9 Packer, Frank.  Credit ratings and the Japanese corporate   
            bond market.  32p.                                          

     UNIVERSITY OF CALIFORNIA-SANTA BARBARA.  Department of Economics.  

     7/2000 Foros, Oystein, Kind, Hans J. & Sorgard, Lars.  Access      
            pricing, quality degradation, and foreclosure in the        
            internet.  30p.                                             
     5/2000 Hoel, Michael & Shapiro, Perry.  Transboundary environmental
            problems with a mobile population: is there a need for      
            central policy?  20p.                                      
     4/2000 Khindanova, Irina N., Rachev, Svetlozar T. & Schwartz,      
            Eduardo.  Stable modeling of value at risk.  51p.           
     3/2000 Khindanova, Irina N. & Rachev, Svetlozar T.  Value at risk: 
            recent advances.  51p.                                      
     2/2000 Mathiesen, Lars & Hakonsen, Lars.  Comparing the cost of    
            emission reductions in first and second-best economies.     
            14p.                                                        
     6/2000 Nilssen, Tore & Sorgard, Lars.  TV advertising, program     
            quality, and product-market oligopoly.  44p.                
     1/2000 Rachev, Svetlozar & Tokat, Yesim.  Asset and liability      
            management: recent advances.  49p.                          

     BANK OF CANADA.  Technical Reports.                                

     88     Murray, John, Zelmer, Mark & Antia, Zahir.  International   
            financial crises and flexible exchange rates: some policy   
            lessons from Canada.  36p.                                  

     UNIVERSITY OF CANTERBURY.  Department of Economics.                

     2000-3 Guender, Alfred V. & Tam, Julie.  On the performance of     
            nominal income targeting as a strategy for monetary policy  
            in a small open economy.  37p.                              

     UNIVERSIDAD CARLOS III de MADRID.  Dept. de Economia.              

     2000-29 Mora, Ricardo & Siotis, George.  External factors in        
            emerging market recoveries: an empirical investigation.     
            46p.                                                        

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     2000-7 Hougaard, Jens L. & Keiding, Hans.  On the welfare economic 
            foundations of health status measures.  17p.                

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1255   Dubey, Pradeep & Wu, Chien-Wei.  Competitive prices: when   
            less scrutiny induces more effort.  41p.                    
     1257   Dubey, Pradeep & Geanakoplos, John.  Inside and outside     
            money, gains to trade, and IS-LM.  52p.                     
     1254   Dubey, Pradeep & Haimanko, Ori.  Optimal scrutiny in        
            multi-period promotion tournaments.  26p.                   
     1256   Mandelbrot, Benoit B.  Cartoons of the variation of         
            financial prices and of Brownian motions in multifractal    
            time.  47p.                                                 
     1253   Shubik, Martin.  The theory of money.  21p.                 

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     2462   Aghion, Philippe & Schankerman, Mark.  A model of market    
            enhancing infrastructure.  28p.                             
     2437   Anderson, Kym.  Agriculture, developing countries, and the  
            WTO millennium round.  37p.                                 
     2464   Angeletos, George-Marios & Kollintzas, Tryphon.  Rent       
            seeking/corruption and growth: a simple model.  32p.        
     2412   Anthony, Myrvin L. & Hughes Hallett, Andrew.  Should        
            Argentina adopt the U.S. dollar?  28p.                     
     2445   Bauer, Thomas K. & Haisken-De New, John P.  Employer        
            learning and the returns to schooling.  26p.                
     2436   Bayoumi, Tamim.  The morning after: explaining the slowdown 
            in Japanese growth in the 1990s.  39p.                      
     2411   Bayoumi, Tamim, Eichengreen, Barry & Mauro, Paolo.  On      
            regional monetary arrangements for ASEAN.  46p.             
     2446   Benabou, Roland.  Tax and education policy in a             
            heterogeneous agent economy: what levels of redistribution  
            maximize growth and effici.  58p.                           
     2443   Besanko, David, Regibeau, Pierre & Rockett, Katharine.  A   
            multi-task principal-agent approach to organizational form. 
            55p.                                                        
     2415   Bloom, Nick, Griffith, Rachel & van Reenen, John.  Do R & D 
            tax credits work?: evidence from a panel of countries       
            1979-97.  56p.                                              
     2420   Boeri, Tito, Nicoletti, Guiseppe & Scarpetta, Stefano.      
            Regulation and labour market performance.  45p.             
     2444   Brown, J. David & Earle, John S.  Competition and firm      
            performance: lessons from Russia.  33p.                     
     2425   Caner, Mehmet & Kilian, Lutz.  Size distortions of tests of 
            the null hypothesis of stationarity: evidence and           
            implications for the PPP debate.  29p.                      
     2438   Coakley, Jerry, Fuertes, Ana-Maria & Zoega, Gylfi.          
            Evaluating the persistence and structuralist theories of    
            unemployment.  33p.                                         
     2434   Compte, Olivier, Lambert-Mogiliansky, Ariane & Verdier,     
            Thierry.  Corruption and competition in public market       
            auctions.  28p.                                             
     2453   Corbett, Jenny & Mitchell, Janet.  Banking crises and bank  
            rescues: the role of reputation.  48p.                      
     2413   Danthine, Jean-Pierre, Giavazzi, Francesco & von Thadden,   
            Ernst-Ludwig.  European financial markets after EMU: a first
            assessment.  53p.                                           
     2465   de la Fuente, Angel.  Convergence across countries and      
            regions: theory and empirics.  34p.                         
     2466   de la Fuente, Angel & Domenech, Rafael.  Human capital in   
            growth regressions: how much difference does data quality   
            make?  58p.                                                
     2460   Dehejia, Vivek H. & Rowe, Nicholas.  Macroeconomic          
            stabilization: fixed exchange rates vs. inflation targeting 
            vs. price level targeting.  14p.                            
     2450   Dehejia, Vivek H. & Dwyer, Douglas W.  Output and           
            unemployment dynamics in transition.  32p.                  
     2461   Detken, Carsten & Hartmann, Philipp.  The Euro and          
            international capital markets.  59p.                        
     2454   Devereux, Michael B. & Engel, Charles.  Monetary policy in  
            the open economy revisited: price-setting rules and exchange
            rate flexibility.  43p.                                     
     2424   Diebold, Francis X. & Kilian, Lutz.  Measuring              
            predictability: theory and macroeconomic applications.  32p.
     2418   DiNardo, John, Hallock, Kevin F. & Pischke, Jorn-Steffen.   
            Unions and the labour market for managers.  44p.            
     2463   Disney, Richard, Haskel, Jonathan & Heden, Yiva.            
            Restructuring and productivity growth in U.K. manufacturing.
             31p.                                                       
     2441   Dolado, Juan J., Mariz-Dolores, Ramon & Naveira, Manuel.    
            Asymmetries in monetary policy: evidence for four central   
            banks.  32p.                                                
     2452   Dolado, Juan J., Felgueroso, Florentino & Jimeno, Juan F.   
            The role of the minimum wage in the welfare state: an       
            appraisal.  33p.                                            
     2427   Eichengreen, Barry & Ruehl, Christof.  The bail-in problem: 
            systematic goals, ad hoc means.  47p.                       
     2414   Epstein, Gil S. & Hillman, Arye L.  Social harmony at the   
            boundaries of the welfare state: immigrants and social      
            transfers.  30p.                                            
     2419   Euwals, Rob.  Female labour supply, flexibility of working  
            hours, and job mobility.  21p.                              
     2426   Farmer, Roger E.A.  Natural rate doubts.  29p.              
     2429   Friebel, Guido & Raith, Michael.  Strategic recruiting and  
            the chain of command.  32p.                                 
     2456   Galasso, Vincenzo.  The U.S. social security: a financial   
            appraisal for the median voter.  19p.                       
     2457   Griffith, Rachel, Redding, Stephan & Van Reenen, John.      
            Mapping the two faces of R & D: productivity growth in a    
            panel of OECD industries.  74p.                             
     2440   Gruber, Harald & Verboven, Frank.  The evolution of markets 
            under entry and standards regulation: the case of global    
            mobile telecommunications.  56p.                            
     2449   Guriev, Sergei & Kvassov, Dmitry.  Barter for price         
            discrimination?  34p.                                      
     2430   Hansen, Jorgen & Lofstrom, Magnus.  Immigrant assimilation  
            and welfare participation: do assimilate into or out of     
            welfare?  53p.                                             
     2417   Hege, Ulrich & Mella-Barral, Pierre.  Collateral,           
            renegotiation and the value of diffusely held debt.  44p.   
     2416   Hong, Harrison G. & Rady, Sven.  Strategic trading and      
            learning about liquidity.  37p.                             
     2459   Horn, Henrik & Levinsohn, James.  Merger policies and trade 
            liberalization.  37p.                                       
     2431   Hunt, Jennifer.  Why do people still live in East Germany? 
            47p.                                                        
     2421   Kaplan, Steven N. & Stromberg, Per.  Financial contracting  
            theory meets the real world: an empirical analysis of       
            venture capital contracts.  73p.                            
     2467   Knarvik, Karen H.M. & Steen, Frode.  Vertical industry      
            linkages: sources of productivity gains and cumulative      
            causation?  22p.                                           
     2433   La Ferrara, Eliana.  Inequality and group participation:    
            theory and evidence from rural Tanzania.  46p.              
     2451   Lalive, Rafael, van Ours, Jan C. & Zweimuller, Josef.  The  
            impact of active labour market policies and benefit         
            entitlement rules on the duration of unemployment.  45p.    
     2439   Manove, Michael, Padilla, A. Jorge & Pagano, Marco.         
            Collateral vs. project screening: a model of lazy banks.    
            26p.                                                        
     2432   Marin, Dalia, Kaufman, Daniel & Gorochowskij, Bogdan.       
            Barter in transition economies: competing explanations      
            confront Ukranian data.  35p.                               
     2442   Marin, Pedro L., Siotis, Georges & Hernan, Roberto.  An     
            empirical evaluation of the determinants of research joint  
            venture formation.  35p.                                    
     2435   Morsink, James & Bayoumi, Tamim.  A peek inside the black   
            box: the monetary transmission mechanism in Japan.  40p.    
     2428   Pischke, Jorn-Steffen.  Continuous training in Germany.     
            38p.                                                        
     2458   Povel, Paul & Raith, Michael.  Liquidity constraints,       
            production costs and output decisions.  35p.                
     2422   Richter, Kaspar.  Government case transfers, household      
            consumption and poverty alleviation: the case of Russia.    
            47p.                                                        
     2423   Saint-Paul, Gilles & Bentolila, Samuel.  Will EMU increase  
            Eurosclerosis.  48p.                                       
     2447   van den Berg, Gerald J., van der Klaauw, Bas & van Ours, Jan
            C.  Punitive sanctions and the transition rate from welfare 
            to work.  32p.                                              
     2448   Vassalou, Maria.  Exchange rate and foreign inflation risk  
            premiums in global equity returns.  54p.                    
     2455   Verdier, Thierry & Zenou, Yves.  Racial beliefs, location   
            and the causes of crime.  41p.                              

     FONDAZIONE ENI ENRICO MATTEI.                                      

     5/2000 Pindyck, Robert S.  Irreversibilities and the timing of     
            environmental policy.  31p.                                 

     FEDERAL RESERVE BANK OF ATLANTA.  Research Department.             

     2000-5 Ackert, Lucy F. & Athanassakos, George.  A simultaneous     
            equations analysis of analysts' forecast bias and           
            institutional ownership.  31p.                              
     2000-4 Bitler, Marianne & Zavodny, Madeline.  The effect of        
            Medicaid eligibility expansions on births.  29p.            
     2000-3 Waggoner, Daniel F. & Zha, Tao.  A Gibbs simulator for      
            restricted VAR models.  23p.                                

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     2000-2 French, Eric.  The effects of health, wealth, and wages on  
            labor supply and retirement behavior.  46p.                 

     FEDERAL RESERVE BANK OF CLEVELAND.  Research Department.           

     1      Hess, Gregory D. & Schweitzer, Mark E.  Does wage inflation 
            cause price inflation?  14p.                               

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     2000-2 Haslag, Joseph H.  On Fed watching and central bank         
            transparency.  39p.                                         

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     269    Mitchell, Matthew F.  The scale of production in            
            technological revolutions.  29p.                            

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     2000-26 Bertaut, Carol & Starr-McCluer, Martha.  Household          
            portfolios in the United States.  41p.                      
     2000-27 Cannon, Sandra A., et al.  Has compensation become more     
            flexible?  31p.                                            
     2000-21 Click, Reid W. & Harrison, Paul.  Does multinationality     
            matter?: evidence of value destruction in U.S. multinational
            corporations.  36p.                                         
     2000-30 Downing, Chris & Wallace, Nancy.  A real options approach to
            housing investment.  36p.                                   
     2000-25 Gibson, Michael S. & Pritsker, Matthew.  Improving          
            grid-based methods for estimating value at risk of          
            fixed-income portfolios.  29p.                              
     2000-22 Higgins, Matthew & Zakrajsek, Egon.  Purchasing power       
            parity: three stakes through the heart of the unit root     
            null.  44p.                                                 
     2000-24 McCarthy, Jonathan & Zakrajsek, Egon.  Microeconomic        
            inventory adjustment: evidence from U.S. firm-level data.   
            37p.                                                        
     2000-20 Oliner, Stephen D. & Sichel, Daniel E.  The resurgence of   
            growth in the late 1990s: is information technology the     
            story?  48p.                                               
     2000-23 Rudd, Jeremy B.  Assessing the productivity of public       
            capital with a locational equilibrium model.  35p.          
     2000-28 Tetlow, Robert J. & von zur Muehlen, Peter.  Robust monetary
            policy with misspecified models: does model uncertainty     
            always call for attenuated policy?  46p.                   
     2000-29 Weisbenner, Scott J.  Corporate share repurchases in the    
            1990s: what role fo stock options play?  42p.              

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     668    Ammer, John & Packer, Frank.  How consistent are credit     
            ratings?: a geographic and sectoral analysis of default     
            risk.  20p.                                                 
     666    Engel, Charles & Rogers, John H.  Deviations from purchasing
            power parity: causes and welfare costs.  26p.               
     667    Warnock, Francis E.  Exchange rate dynamics and the welfare 
            effects of monetary policy in a two country model with      
            home-product bias.  32p.                                    

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     216    Cahn, Amotz.  General procedures leading to correlated      
            equilibria.  47p.                                           
     218    Granot, Daniel, Maschler, Michael & Shalev, Jonathan.       
            Voting for voters: the unanimity case.  56p.                
     215    Nirel, Ronit & Gorfine, Malka.  Analysing data of intergroup
            prisoner's dilemma game.  35p.                              
     217    Sunstein, Cass R. & Ullmann-Margalit, Edna.  Solidarity in  
            consumption.  24p.                                          

     HITOTSUBASHI UNIVERSITY.  Institute for Economic Research.         

     389    Gotoh, Reiko & Yoshihara, Naoki.  A class of fair           
            distribution rules a la Rawls and Sen.  32p.                
     388    Kato, Ryo, Ui, Takashi & Watanabe, Tsutomu.  Asymmetric     
            effects of monetary policy: Japanese experience in the      
            1990s.  23p.                                                
     386    Saito, Osamu.  The frequency of famines as demographic      
            correctives in the Japanese past.  32p.                     
     390    Tsubouchi, Hiroshi.  Do imperfect capital markets           
            dynamically stabilize households' asset holding?  43p.     
     385    Tsuru, Tsuyoshi & Isa, Katsuhide.  Organizational           
            innovations in Japanese firms: workplace innovations, IT    
            adoption, and performance based HR systems.  18p.           
     387    Yoshihara, Naoki.  A characterization of natural and double 
            implementation in production economies.  33p.               

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     2000-3 Casella, George, Robert, Christian P. & Wells, Martin T.    
            Mixture models, latent variables and partitioned importance 
            sampling.  19p.                                             
     2000-9 Fermanian, J.D.  Lower bounds in hazard estimation.  31p.   
     2000-6 Fevrier, Philippe & Kramarz, Francis.  Coordination in      
            sender-receiver games with no common language.  25p.        
     2000-5 Gourieroux, C., Laurent, J.P. & Scaillet, O.  Sensitivity   
            analysis of values at risk.  27p.                           
     2000-4 Kaiser, Mark S., Cressie, Noel & Lee, Jaehyung.  Spatial    
            mixture models based on exponential family conditional      
            distributions.  35p.                                        
     2000-10 Kramarz, Francis & Philippon, Thomas.  The impact of        
            differential payroll tax subsidies on minimum wage          
            employment.  28p.                                           
     2000-1 Margolis, D.N.  Worker displacement in France.  59p.        
     2000-2 Mas, Andre.  The central limit theorem in the space of      
            nuclear operators.  6p.                                     
     2000-7 Maurin, E.  The European paradox: do flexible contracts     
            create rigid labor markets?  47p.                          
     2000-11 Menneteau, Ludovic.  Large deviations for local empirical   
            measures.  19p.                                             

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     350    Benhamou, Eric.  A generalisation of Malliavin weighted     
            scheme for fast computation of the Greeks.  26p.            
     351    Benhamou, Eric.  Pricing convexity adjustment with Wiener   
            chaos.  22p.                                                
     346    Connor, Gregory & Linton, Oliver.  Semiparametric estimation
            of a characteristic-based factor model of stock returns.    
            40p.                                                        
     348    Decamps, Jean-Paul & Faure-Grimaud, Antoine.  Excessive     
            continuation and dynamic agency costs of debt.  43p.        
     347    Faure-Grimaud, Antoine & Gromb, Denis.  Public trading and  
            private incentives.  32p.                                   
     349    Hellwig, Christian.  Money, intermediaries and              
            cash-in-advance constraints.  40p.                          

     UNIVERSITE CATH. DE LOUVAIN.  Ctr. for Op. Research & Econometrics.

     2000-24 Chiaporri, Pierre-Andre, et al.  The identification of      
            preferences from equilibrium prices.  20p.                  
     2000-18 DeMichelis, Stefano.  On the index and asymptotic stability 
            of dynamics.  5p.                                           
     2000-17 De Michelis, Stefano & Germano, Fabrizio.  On the indices of
            zeros of Nash fields.  26p.                                 
     2000-15 Dreze, Jacques H.  Economic and social security in the      
            twenty-first century, with attention to Europe.  33p.       
     2000-16 Giraud, Gael.  An algebraic index theorem for non-smooth    
            economies.  15p.                                            
     2000-14 Goemans, Michel X. & Skutella, Martin.  Cooperative facility
            location games.  21p.                                       
     2000-22 Laslier, Jean-Francois & Picard, Nathalie.  Distributive    
            politics: does electoral competition promote inequality?   
            29p.                                                        
     2000-20 Mutuswami, Suresh & Winter, Eyal.  Subscription mechanisms  
            for network formation.  19p.                                
     2000-13 Nesterov, Y & Vial, Jean-Philippe.  Confidence level        
            solutions for stochastic programming.  17p.                 
     2000-21 Page, Frank H.  Competitive selling mechanisms: the         
            delegation principle and farsighted stability.  29p.        
     2000-23 Pereira, Olivier & Wolsey, Laurence.  On the Wagner-Whitin  
            lot-sizing polyhedron.  11p.                                
     2000-19 Tirelli, Mario.  Constrained suboptimality and financial    
            innovation in GEI with a single commodity.  30p.            

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     1/2000 Abelson, Peter & Deodhar, Vinita.  The growth of urban areas
            in Australia.  19p.                                         

     UNIVERSITY OF MARYLAND.  Department of Economics.                  

     2000-2 Binder, Michael, Hsiao, Cheng & Pesaran, M. Hashem.         
            Estimation and inference in short panel vector              
            autoregressions with unit roots and cointegration.  63p.    

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     741    Dixon, Robert & Thomson, James.  Okun's law and movements   
            over time in the unemployment rate in Australia.  22p.      
     742    Gangadharan, Lata & Maitra, Pushkar.  The effect of         
            education on the timing of marriage and first conception in 
            Pakistan.  29p.                                             
     745    Henry, Olan T. & Olekalns, Nilss.  The effect of recessions 
            on the relationship between output variability and growth.  
            18p.                                                        
     743    Hyde, Charles E.  The value of monitoring risk averse agents
            in teams.  9p.                                              
     744    Ironmonger, D.S., Lloyd-Smith, C.W. & Soupourmas, F.  New   
            products of the 80s and 90s: the diffusion of household     
            technology in the decade 1985-1995.  21p.                   

     MONASH UNIVERSITY.  Department of Econometrics & Bus. Statistics.  

     3/2000 Anderson, Heather M. & Vahid, Farshid.  Predicting the      
            probability of a recession with nonlinear autoregressive    
            leading indicator models.  29p.                             
     4/2000 Forbes, Catherine S. & Kofman, Paul.  Bayesian soft target  
            zones.  23p.                                                
     2/2000 Grose, Simone & McLaren, Keith.  An EM algorithm for        
            modeling variably-aggregated demand.  26p.                  
     1/2000 Grose, Sharon & McLaren, Keith.  Estimating demand with     
            varied levels of aggregation.  29p.                         

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     254    Anderson, Simon P. & Schmitt, Nicolas.  Non-tariff barriers 
            and trade liberalization.  34p.                             
     255    Berger, Helge, de Haan, Jakob & Eijffinger, Sylvester C.W.  
            Central bank independence: an update of theory and evidence.
             56p.                                                       
     263    Berger, Helge, Sturm, Jan-Egbert & de Haan, Jakob.  An      
            empirical investigation into exchange rate regime choice and
            exchange rate volatility.  31p.                             
     244    Bos, Dieter.  Privatization under asymmetric information.   
            30p.                                                        
     259    Casamatta, Georges, Cremer, Helmuth & Pestieau, Pierre.  The
            political economy of social security.  27p.                 
     251    Cheung, Yin-Wong & Chinn, Menzie D.  Currency traders and   
            exchange rate dynamics: a survey of the U.S. market.  42p.  
     243    Chirinko, Robert S.  Investment tax credits.  16p.          
     260    Dehejia, Vivek H. & Weichenrieder, Alfons J.  Tariff jumping
            foreign investment and capital taxation.  10p.              
     264    Flaig, Gebhard & Rottman, Horst.  Input demand and the      
            short- and long-run employment thresholds: an empirical     
            analysis for the German manufacturing .  18p.               
     246    Frey, Bruno S. & Stutzer, Alois.  Happiness, economy and    
            institutions.  34p.                                         
     245    Frey, Bruno S. & Jegen, Reto.  Motivation crowding theory: a
            survey of empirical evidence.  25p.                         
     250    Funke, Michael & Ruhwedel, Ralf.  Product variety and       
            economic growth: empirical evidence for the OECD countries. 
            23p.                                                        
     261    Gradstein, Mark & Milanovic, Branko.  Does liberte =        
            egalite?: a survey of the empirical evidence on the links   
            between political democracy and income inequality.  34p.    
     269    Grimm, Veronika, Riedel, Frank & Wolfstetter, Elmar.        
            Implementing efficient market structure.  22p.              
     248    Hecq, Alain, Palm, Franz C. & Urbain, Jean-Pierre.  Testing 
            for common cyclical features in nonstationary panel data    
            models.  31p.                                               
     270    Hefeker, Carsten.  Structural reforms and the enlargement of
            monetary union.  29p.                                       
     266    Herbert, Ric D. & Stemp, Peter J.  Exploiting model         
            structure to solve the dynamics of a macro model.  24p.     
     241    Huck, Steffen, Konrad, Kai A. & Muller, Wieland.  Merger in 
            contests.  15p.                                             
     268    Inklaar, Robert & de Haan, Jakob.  Is there really a        
            European business cycle?  15p.                             
     258    Jeitschko, Thomas D. & Wolfstetter, Elmar.  Auctions when   
            bidders prepare by investing in ideas.  7p.                 
     252    Kind, Hans J., Knarvik, Karen H.M. & Schjelderup, Guttorm.  
            Competing for capital in a "lumpy" world.  29p.             
     253    Kose, M. Ayhan & Riezman, Raymond.  Small countries and     
            preferential trade agreements: how severe is the innocent   
            bystander problem?  28p.                                   
     267    Lindbeck, Assar & Snower, Dennis J.  The division of labor  
            and the market for organizations.  29p.                     
     242    Mintz, Jack & Smart, Michael.  Tax-exempt investors and the 
            asset allocation puzzle.  17p.                              
     256    Peeters, Jolanda & Garretsen, Harry.  Globalisation, wages  
            and unemployment: an economic geography perspective.  29p.  
     249    Perry, Motty, Wolfstetter, Elmar & Zamir, Shmuel.  A        
            sealed-bid auction that matches the English auction.  10p.  
     240    Reutter, Michael.  Hysteresis in West German unemployment   
            reconsidered.  20p.                                         
     247    Sinn, Hans-Werner.  Germany's economic unification: an      
            assessment after ten years.  25p.                           
     265    Tabellini, Guido.  Constitutional determinants of government
            spending.  22p.                                             
     262    van Aarle, Bas, et al.  Monetary and fiscal policy design   
            under EMU: a dynamic game approach.  21p.                   
     272    van Dijk, Frans, Sonnemans, Joep & van Winden, Frans.       
            Incentive systems in a real effort experiment.  28p.        
     273    van Dijk, Frans, Sonnemans, Joep & van Winden, Frans.       
            Social ties in a public good experiment.  22p.              
     257    Weichenrieder, Alfons J.  Public procurement in the presence
            of capital taxation.  18p.                                  

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     7674   Abrego, Lisandro & Whalley, John.  Demand side              
            considerations and the trade and wages debate.  13p.        
     7702   Anderson, James E. & Young, Leslie.  Trade implies law: the 
            power of the weak.  30p.                                    
     7694   Attanasio, Orazio, Goldberg, Pinelopi K. & Kyriazidou,      
            Ekaterini.  Credit constraints in the market for consumer   
            durables: evidence from micro data on car loans.  41p.      
     7662   Auerbach, Alan J. & Feenberg, Daniel.  The significance of  
            federal taxes as automatic stabilizers.  31p.               
     7675   Barth, Marvin J. & Ramey, Valerie A.  The cost channel of   
            monetary transmission.  48p.                                
     7697   Beaudry, Paul & Green, David.  The changing structure of    
            wages in the U.S. and Germany: what explains the            
            difference?  47p.                                          
     7710   Benkard, C. Lanier.  A dynamic analysis of the market for   
            wide-bodied commercial aircraft.  54p.                      
     7689   Berger, Allen N., Kyle, Margaret K. & Scalise, Joseph M.    
            Did U.S. bank supervisors get tougher during the credit     
            crunch?  Did they get easier during the banking boom?  Did  
            it matter to bank lending? 53p.                             
     7693   Blomstrom, Magnus, Konan, Denise & Lipsey, Robert E.        
            Foreign direct investment in the restructuring of the       
            Japanese economy.  32p.                                     
     7688   Bernard, Andrew B., Jensen, J. Bradford & Kortum, Samuel.   
            Plants and productivity in international trade.  51p.       
     7686   Bhattacharya, Jay & Currie, Janet.  Youths at nutritional   
            risk: malnourished or misnourished?  54p.                  
     7695   Bils, Mark & Klenow, Peter J.  Quantifying quality growth.  
            43p.                                                        
     7701   Bordo, Michael & Schwartz, Anna J.  Measuring real economic 
            effects of bailouts: historical perspectives on how         
            countries in financial distress have fared with and without
	    bailouts.  96p.              
     7681   Case, Anne & Paxson, Christina.  Mother and others: who     
            invests in children's health?  39p.                        
     7681   Cecchetti, Stephen G., Mark, Nelson C. & Sonora, Robert J.  
            Price level convergence among United States cities: lessons 
            for the European Central Bank.  26p.                        
     7692   Chatterji, Pinka & Markowitz, Sara.  The impact of material 
            alcohol and illicit drug use on children's behavior         
            problems: evidence from children of the National Longitudinal
	    Survey of Youth .  33p.             
     7687   Chen, Joseph, Hong, Harrison & Stein, Jeremy C.  Forecasting
            crashes: trading volume, past returns and conditional       
            skewness in stock prices.  47p.                             
     7668   Christiano, Lawrence J. & Fitzgerald, Terry J.              
            Understanding the fiscal theory of the price level.  65p.   
     7657   Copeland, Brian R. & Taylor, M. Scott.  Free trade and      
            global warming: a trade theory view of the Kyoto Protocol.  
            48p.                                                        
     7667   Currie, Janet & Grogger, Jeffrey.  Medicaid expansions and  
            welfare contractions: offsetting effects on prenatal care   
            and infant health?  38p.                                   
     7683   Degeorge, Francois, et al.  Selling company shares to       
            reluctant employees: France Telecom's experience.  52p.     
     7665   Devereux, Michael B. & Engel, Charles.  Monetary policy in  
            the open economy revisited: price setting and exchange rate 
            flexibility.  43p.                                          
     7669   Dickson, Joel M., Shoven, John B. & Sialm, Clemens.  Tax    
            externalities of equity mutual funds.  45p.                 
     7653   Eichengreen, Barry & Ruhl, Christof.  The bail-in problem:  
            systematic goals, ad hoc means.  47p.                       
     7696   Ghosh, Madanmohan & Whalley, John.  State-owned enterprises,
            shirking and trade liberalization.  31p.                    
     7676   Glaeser, Edward L. & Sacerdote, Bruce.  The determinants of 
            punishment: deterrence, incapacitiation and vengeance.  30p.
     7690   Greenstein, Shane.  Building and delivering the virtual     
            world: commercializing services for internet access.  39p.  
     7709   Grogger, Jeff.  Time limits and welfare use.  43p.          
     7678   Han, SOng & Mulligan, Casey B.  Human capital,              
            heterogeneity, and estimated degrees of intergenerational   
            mobility.  42p.                                             
     7670   Hao, Lingxin, Hotz, V. Joseph & Jin, Ginger Zhe.  Games     
            daughters and parents play: teenage childbearing, parental  
            reputation, and strategic transfers.  56p.                  
     7684   Hobijn, Bart & Jovanovic, Boyan.  The information technology
            revolution and the stock market: evidence.  38p.            
     7672   Leahy, John V. & Zeira, Joseph.  The timing of purchases and
            aggregate fluctuations.  31p.                               
     7699   Lewellen, Jonathan & Shanken, Jay.  Estimation risk, market 
            efficiency, and the predictability of returns.  51p.        
     7677   McCallum, Bennett T.  Theoretical analysis regarding a zero 
            lower bound on nominal interest rates.  54p.                
     7682   Madrian, Brigitte C. & Shea, Dennis F.  The power of        
            suggestion: inertia in 401(K) participation and savings     
            behavior.  68p.                                             
     7700   Markusen, James, Rutherford, Thomas F. & Tarr, David.       
            Foreign direct investment in services and the domestic      
            market for expertise.  37p.                                 
     7707   Mitrusi, Andrew & Poterba, James.  The distribution of      
            payroll and income tax burdens, 1979-1999.  46p.            
     7673   Mocan, H. Naci, Tekin, Erdal & Zax, Jeffrey S.  The demand  
            for medical care in urban China.  41p.                      
     7680   Mulligan, Casey B.  Can monopoly unionism explain publicly  
            induced retirement?  26p.                                  
     7679   Mulligan, Casey B.  Induced retirement, social security, and
            the pyramid mirage.  46p.                                   
     7698   Mulligan, Casey B. & Philipson, Tomas J.  Merit motives and 
            government motivation: public finance in reverse.  55p.     
     7685   Petersen, Mitchell A. & Rajan, Raghuran G.  Does distance   
            still matter?: the information revolution in small business 
            lending.  61p.                                              
     7671   Rauch, James E. & Trindade, Vitor.  Information and         
            globalization: wage co-movements, labor demand elasticity,  
            and conventional trade liberalization.  41p.                
     7708   Saez, Emmanuel.  Optimal income transfer programs: intensive
            versus extensive labor supply responses.  45p.              
     7709   Sigman, Hilary.  The pace of progress at Superfund sites:   
            policy goals and interest group influence.  36p.            
     7705   Stein, Jeremy C.  Information production and capital        
            allocation: decentralized vs. hierarchical firms.  47p.     
     7706   Zingales, Luigi.  In search of new foundations.  52p.       

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     9915   Emhjellen, Magne & Alaouze, Chris M.  A comparison of oil   
            project net present values in the North Sea obtained using  
            the weighted average cost of capital discounting method and
	    a modern asset pricing method.  25p.                 
     9914   Halevi, Joseph & Kriesler, Peter.  On the limitations of    
            fiscal policy: a radical Kaleckian view.  18p.              
     9913   Kupchak, R. & Monadjemi, M.  Changes in international       
            capital flows and monetary dominance: a study of small and  
            large economies.  28p.                                      
     9912   Landon-Lane, John S. & Quinn, J. Arnold.  A Bayesian        
            exploration of growth and convergence.  42p.                
     9916   Stegman, A. & Stegman, T.  Labour market flexibility, the   
            Beveridge Curve, and the output-employment ratio in         
            Australia.  47p.                                            

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

     2000-29 Acharya, Viral V.  Banks, systemic risk, and design of      
            prudential regulation.  52p.                                
     2000-28 Acharya, Viral V.  Is the international convergence of      
            capital adequacy regulation desirable?  51p.               
     2000-30 Goldberg, Lawrence G. & White, Lawrence J.  The role of     
            banks in the transition economies.  35p.                    
     2000-27 Li, Kai, Deo, Rohit & Hurvich, Clifford.  On estimation,    
            diagnostic testing and smoothing of long memory stochastic  
            volatility models.  19p.                                    
     2000-26 Taylor, Scott T.  An assessment of the factors affecting the
            credit quality of private power developers.  18p.           
     2000-26 Tumarkin, Robert M.  Internet message board activity and    
            market efficiency: a case study of the internet service     
            sector using Raging.Bull.com.  23p.                         
     2000-32 White, Lawrence J.  Bank regulation in the United States:   
            understanding the lessons of the 1980s and 1990s.  35p.     
     2000-31 White, Lawrence J.  Reducing the barriers to international  
            trade in accounting services: why it matters, and the road  
            ahead.  48p.                                                

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     4/2000 Bratberg, Espen, Holmas, Tor Helge & Thogerson, Oystein.    
            Assessing the effects of early retirement programs.  18p.   

     UNIVERSITY OF OXFORD.  Nuffield College.                           

     2000-4 Cameron, Gavin.  R & D and growth at the industry level.    
            22p.                                                        
     2000-7 Myatt, David P.  Strategic voting under the qualified       
            majority rule.  29p.                                        
     2000-5 Myatt, David P. & Wallace, Chris.  Dominated strategies and 
            equilibrium selection.  24p.                                
     2000-6 Quah, John K.H.  An elementary equilibrium existence        
            theorem.  11p.                                              

     PRINCETON UNIVERSITY.  Industrial Relations Section.               

     441    Katz, Lawrence F., Kling, Jeffrey R. & Liebman, Jeffrey B.  
            Moving to opportunity in Boston: early results of a         
            randomized mobility experiment.  50p.                       
     439    Krashinsky, Harry A.  Do marital status and computer usage  
            really change the wage structure?: evidence from a sample of
            twins.  28p.                                                
     440    Rouse, Cecilia E.  School reform in the 21st century: a look
            at the effect of class size and school vouchers on the      
            academic achievement of minority students.  39p.            

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     218    Willett, Thomas D.  International financial markets as      
            sources of crises or discipline: the too much, too late     
            hypothesis.  39p.                                           

     PRINCETON UNIVERSITY.  International Finance Section-Special Papers

     20     Jeanne, Olivier.  Currency crises: a perspective on recent  
            theoretical developments.  48p.                             

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

     1132   Healy, Paul & Noussair, Charles.  Bidding behavior in the   
            Price is Right game: an experimental study.  31p.           
     1131   Lei, Vivian & Noussair, Charles.  An experimental test of an
            optimal growth model.  47p.                                 

     UNIVERSITY OF ROCHESTER.  Center for Economic Research.            

     468    Burnside, Craig, Eichenbaum, Martin & Rebelo, Sergio.  On   
            the fundamentals of self-fulfilling speculative attacks.    
            46p.                                                        
     473    Burstein, Ariel T., Neves, Joan C. & Rebelo, Sergio.        
            Distribution costs and real exchange rate dynamics during   
            exchange-rate based stabilizations.  50p.                   
     472    Caucutt, Elizabeth M. & Kumar, Krishna B.  Higher education 
            subsidies and heterogeneity: a dynamic analysis.  45p.      
     469    Epstein, Larry G. & Marinacci, Massimo.  The core of large  
            differentiable TU games.  40p.                              
     466    Greenwood, Jeremy, Guner, Nezih & Knowles, John A.  Women on
            welfare: a macroeconomic analysis.  14p.                    
     467    King, Robert G. & Rebelo, Sergio T.  Resuscitating real     
            business cycles.  100p.                                     
     471    Lee, John-Wha & Rhee, Changyong.  Macroeconomic impacts of  
            the Korean financial crisis: comparison with the            
            cross-country patterns.  37p.                               
     470    Park, Daekeun & Rhee, Changyong.  Measuring the degree of   
            currency misalignment using offshort forward exchange rates:
            the case of the Korean financi.  41p.                       

     UNIVERSITY OF STOCKHOLM.  Department of Economics.                 

     2000-5 Andersson, Frederik & Forslid, Rikard.  Tax competition and 
            economic geography.  21p.                                   
     2000-6 Asheim, Geir B. & Dufwenberg, Martin.  Admissibility and    
            common belief.  28p.                                        
     2000-7 Asheim, Geir B. & Dufwenberg, Martin.  Deductive reasoning  
            in extensive games.  20p.                                   

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     8/2000 Ben-Porath, Elchanan.  Cheap talk in games with incomplete  
            information.  44p.                                          
     9/2000 Fershtman, Chaim & Gneezy, Uri.  Discrimination in a        
            segmented society: an experimental approach.  35p.          
     10/2000 Rubinstein, Ariel.  A, A, A, A, A, or A, A, B, C, D?:       
            over-diversification in repeated decision problems.  12p.   

     UNIVERSITY OF TOKYO. Ctr. for Int'l. Research on the Japanese Econ.

     68     Ihori, Toshihiro.  Defense expeditures and allied           
            cooperation.  23p.                                          
     71     Kanemoto, Yoshitsugu.  Global warming and transport         
            policies.  28p.                                             
     72     Kobayashi, Takao & Yamada, Hiroyuki.  Publicly listed       
            parent/subidiary pairs: benchmarking to TOPIX and market    
            distortion.  16p.                                           
     67     Kunitomo, Naoto & Kim, Yong-Jin.  Effects of stochastic     
            interest rates and volatility on contingent claims.  46p.   
     70     Miwa, Yoshiro & Ramseyer, J. Mark.  Rethinking              
            relationship-specific investments: subcontracting in the    
            Japanese automobile industry.  28p.                         
     66     Nakamura, Tsuyoshi.  The role of R & D diversification in   
            exploiting knowledge spillover: evidence from major Japanese
            chemical and phar.  37p.                                    
     69     Okazaki, Tetsuji.  Government-firm relationship in postwar  
            Japan: success and failure of the bureau-pluralism.  26p.   

     U.S. DEPARTMENT OF JUSTICE.  Economic Analysis Group.              

     2000-1 Helfat, Constance E. & Raubitschek, Ruth S.  Product        
            sequencing: co-evolution of knowledge, capabilities and     
            products.  34p.                                             
     2000-3 Nye, William W.  Fable in another key path dependence and   
            the licensing of music performance rights.  35p.            
     2000-4 Schwartz, Marius.  The economic logic for conditioning Bell 
            entry into long distance on the prior opening of local      
            markets.  49p.                                              
     2000-2 Sullivan, Mary W.  The effect of the Big Eight accounting   
            firm mergers on the market for audit services.  20p.        

     COWLES FOUNDATION AT YALE UNIVERSITY.  Reprint Series.             

     992    Chao, John C. & Phillips, Peter C.B.  Model selection in    
            partially nonstationary vector autoregressive processes with
            reduced rank struture.                                   
     990    Coate, Stephen & Morris, Stephen.  Policy persistence.   
     991    Mandelbrot, Benoit.  Multifractal structure of financial    
            prices and its implications.                             
     993    Shiller, Robert J.  Social security and institutions for    
            intergenerational, intragenerational, and international     
            risk-bearing.                                           

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