New Acquisitions - March 1998



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

     78     Demopoulos, George D. & Angeletos, George-Marios.  In and   
            out: the European Monetary Union: costs and dynamics of     
            economic convergence.  46p.                                 

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

     404    Brandts, Jordi & Figueras, Neus.  An exploration of         
            reputation formation in experimental games.  45p.           
     403    Gonzalez-Maestre, Miguel.  Divisionalization and delegation 
            in oligopoly.  14p.                                         
     402    Olivella, Pau & Pastor, Maite.  Cost reducing strategies.   
            38p.                                                        
     405    Quesada Arana, Antonio.  Manipulability, unanimity,         
            anonymity and assessment aggregation.  19p.                 
     406    Ramos Parreno, Jose Maria.  Labour adjustment costs in a    
            "right to manage" model.  23p.                              

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

     84     Ma, Ching-to Albert.  Cost and quality incentives in health 
            care: altruistic providers.  22p.                           
     85     Machado, Matilde Pinto.  Dollars and performance: cost      
            effectiveness of substance abuse treatment in Maine.  58p.  

     BROWN UNIVERSITY.  Department of Economics.                        

     9712   Andersen, Torben G., Chung, Hyung-Jin & Sorensen, Bent E.   
            Efficienct method of moments estimation of a stochastic     
            volatility model: a Monte Carlo study.  32p.                
     9713   Buchinsky, Moshe & Leslie, Phillip.  Educational attainment 
            and the changing U.S. wage structure: some dynamic          
            implications.  61p.                                         
     9710   Dagan, Nir, Serrano, Roberto & Volij, Oscar.  Remarks on    
            McLennan & Sonnenschein "Sequential bargaining as a non     
            cooperative foundation for Walrasian equilibrium.  4p.      
     9722   Feldman, Allan M.  Probabilistic value of life vs.          
            deterministic value of time.  21p.                          
     9711   Vohra, Rajiv.  Incomplete information, incentive            
            compatibility and the core.  27p.                           

     BANK OF CANADA.  Technical Reports.                                

     80     Clinton, Kevin & Zelmer, Mark.  Constraints on the conduct  
            of Canadian monetary policy in the 1990s: dealing with      
            uncertainty in financial markets.  55p.                     

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

     9711   Adda, Jerome & Cooper, Russell.  Balludurette and Juppette: 
            a discrete analysis of scrapping subsidies.  48p.           
     9720   Aghion, Philippe, Banerjee, Abhijit & Piketty, Thomas.      
            Dualism and macroeconomic volatility.  46p.                 
     9707   Askenazy, Philippe & Van, Cuong Le.  A model of optimal     
            growth strategy.  36p.                                      
     9709   Beaudry, Paul & Blackorby, Charles.  Taxes and employment   
            subsidies in an optimal redistribution program.  35p.       
     9713   Boyer, Robert.  En quoi et pourquoi les theories            
            macro-economiques contemporaines sont-elles nouvelles?.     
            28p.                                                        
     9719   Caroli, Eve, Greenan, Nathalie & Guellec, Dominique.        
            Organisational change and human capital accumulation.  28p. 
     9706   Clement, E., Gourieroux, C. & Monfort, A.  Econometric      
            specification of the risk neutral valuation model.  37p.    
     9704   Cohen, Daniel.  How will the Euro behave?.  27p.            
     9715   Cohen, Daniel.  Growth and external debt: a new perspective 
            on the African and Latin American tragedies.  33p.          
     9705   Cohen, Daniel & Saint-Paul, Gilles.  French unemployment: a 
            transatlantic perspective.  27p.                            
     9717   Collard, Fabrice, Feve, Patrick & Perraudin, Corinne.       
            Variable labor adjustment costs and aggregate nonlinear     
            dynamics: simulation based estimation and testing with U.S..
             32p.                                                       
     9721   Deghdak, Messaoud & Florenzano, Monique.  Decentralizing    
            Edgeworth equilibria in economies with many commodities.    
            15p.                                                        
     9702   Dumenil, Gerard & Levy, Dominique.  Being Keynesian in the  
            short term and classical in the long term: the traverse to  
            classical long term equilibrium.  34p.                      
     9710   Duran, Jorge.  On dynamic programming with unbounded        
            returns.  20p.                                              
     9716   Gourieroux, C., Tiomo, A. & Trognon, A.  Composition des    
            portefeuilles des manages: une analyse scores sur donnees   
            Francaises.  53p.                                           
     9714   Gourieroux, Christian & Le Fol, Gaelle.  Modes de           
            negociation et caracteristiques de marche.  38p.            
     9718   Hurlin, Christophe & Portier, Franck.  Taux d'actualisation 
            public, distorsions fiscales et croissance: Modelisation et 
            application l'econ. francaise.  35p.                        
     9712   Laffargue, Jean-Pierre & Saint-Martin, Anne.  Biais de      
            progres technique, imperfections de marche et inegalites en 
            France, de 1974 a 1993.  34p.                               
     9701   Lambert-Mogiliansky, Ariane.  Regulatory blackmail in       
            procurement relationships.  31p.                            
     9703   Laskar, Daniel.  Union monetaire a deux vitesses: asymetrie 
            du systeme de change entre pays membres et non membres.     
            38p.                                                        
     9708   Piketty, Thomas.  L'elasticite de la transition non-emploi -
            emploi: une estimation pour le cas francais.  36p.          

     UNIVERSITY OF COPENHAGEN.  Institute of Economics.                 

     9718   Juselius, Katarina.  Changing monetary transmission         
            mechanisms within the EU.  32p.                             
     9721   Juselius, Katarina.  Do prices move together in the long    
            run?: An I(2) analysis of six price indices.  20p.          
     9725   Guinnane, Timothy W. & Henriksen, Ingrid.  Why Danish credit
            cooperatives were so unimportant.  46p.                     
     9801   McIntosh, James & Sims, William A.  Duality theory and the  
            consistent estimation of technological parameters: why cost 
            function estimation can be wrong.  11p.                     
     9802   McIntosh, James.  Wage determination and employment in      
            traditional agriculture.  18p.                              
     9723   O'Grada, Cormac.  The great Irish famine: witness and       
            losers.  37p.                                               
     9724   O'Grada, Cormac.  Immigrants, savers, and runners: the      
            Emigrant Industrial Savings Bank in the 1850s.  31p.        

     COWLES FOUNDATION FOR RESEARCH IN ECONOMICS AT YALE UNIVERSITY.    

     1170   Brown, Donald J. & Shannon, Chris.  Uniqueness, stability,  
            and comparative statics in rationalizable Walrasian markets.
             16p.                                                       
     1169   Hall, George J.  Non-convex costs and capital utilization: a
            study of production scheduling at automobile assembly       
            plants.  37p.                                               
     1171   Shiller, Robert J.  Indexed units of account: theory and    
            assessment of historical experience.  25p.                  

     (ENGLAND) CENTRE FOR ECONOMIC POLICY RESEARCH.                     

     1772   Canzoneri, Matthew B., Cumby, Robert E. & Diba, Behzad T.   
            Is the price level determined by the needs of fiscal        
            solvency?.  37p.                                            
     1779   Danthine, Jean-Pierre, Donaldson, John B. & Johnsen, Thore. 
            Productivity growth, consumer confidence and the business   
            cycle.  43p.                                                
     1792   De Fraja, Gianni.  The design of optimal education policies.
             53p.                                                       
     1790   Degeorge, Francois, Patel, Jayendu & Zeckhauser, Richard.   
            Earnings management to exceed thresholds.  52p.             
     1783   De Grauwe, Paul, Dewachter, Hans & Veestraeten, Dirk.       
            Stochastic process switching and stage III of EMU.  44p.    
     1794   de la Fuente, Angel.  Convergence equations and income      
            dynamics: the sources of OECD convergence, 1970-95.  18p.   
     1796   Epstein, Gil S., Hillman, Arye L. & Weiss, Avi.  Creating   
            illegal immigrants.  31p.                                   
     1791   Golder, Stefan M. & Straubhaar, Thomas.  Migration to       
            Switzerland: some new evidence.  57p.                       
     1784   Grossman, Gene M. & Maggi, Giovanni.  Free trade versus     
            strategic trade: a peek into Pandora's box.  28p.           
     1787   Herrendorf, Berthold & Neumann, Manfred J.M.  The political 
            economy of inflation and central bank independence.  27p.   
     1786   Keuschnigg, Christian & Kohler, Wilhelm.  Eastern           
            enlargement of the EU: how much is it worth for Australia?. 
            24p.                                                        
     1795   Lettau, Martin.  Idiosyncratic risk and volatility bounds,  
            or, can models with idiosyncratic risk solve the equity     
            premium puzzle?.  30p.                                      
     1793   Lutz, Stefan, Lyon, Thomas P. & Maxwell, John W.  Strategic 
            quality choice with minimum quality standards.  20p.        
     1780   Mitchell, Janet.  Strategic creditor passivity, regulation  
            and bank bailouts.  39p.                                    
     1782   Puga, Diego & Venables, Anthony J.  Agglomeration and       
            economic development: import substitution versus trade      
            liberalization.  36p.                                       
     1777   Rajan, Raghuram G. & Zingales, Luigi.  Power in a theory of 
            the firm.  44p.                                             
     1776   Rodrik, Dani.  Democracies pay higher wages.  12p.          
     1789   Rodrik, Dani.  Where did all the growth go?: external       
            shocks, social conflict and growth collapses.  50p.         
     1788   Roller, Lars-Hendrik & Sickles, Robin C.  Capacity and      
            product market competition: measuring market power in a     
            `fat-cat' industry.  26p.                                   
     1785   van Rixtel, Adrian A.R.J.M. & Hassink, Wolter H.J.          
            Monitoring the monitors: Amakudari and the ex-post          
            monitoring of private banks.  31p.                          
     1778   Zingales, Luigi.  Survival of the fittest of the fattest:?  
            exit and financing in the trucking industry.  48p.          

     EUROPEAN UNIVERSITY INSTITUTE.  Department of Economics.           

     9715   Engsted, Tom & Johansen, Soren.  Granger's representation   
            theorem and multicointegration.  13p.                       
     9714   Johansen, Soren.  Mathematical and statistical modelling of 
            cointegration.  16p.                                        
     9716   Johansen, Soren & Schaumberg, Ernst.  Likelihood analysis of
            seasonal cointegration.  39p.                               
     97-8   Labory, Sandrine.  Firm structure and market structure: a   
            case study of the car industry.  41p.                       
     9711   Pelloni, Alessandra & Waldman, Robert.  Stability properties
            in a growth model.  10p.                                    
     9724   Rehme, Gunther.  Economic growth, (re-)distributive         
            policies, capital mobility and tax competition in open      
            economies.  53p.                                            
     9719   Versaevel, Bruno.  Production and organizational            
            capabilities.  28p.                                         
     9723   Vitale, Paolo.  Speculative noise trading and manipulation  
            in the foreign exchange market.  23p.                       

     FEDERAL RESERVE BANK OF CHICAGO.  Research Department.             

     9717   Christiano, Lawrence J., Eichenbaum, Martin & Evans, Charles
            L.  Modeling money.  43p.                                   
     9718   Christiano, Lawrence J., Eichenbaum, Martin & Evans, Charles
            L.  Monetary policy shocks: what have we learned and to what
            end?.  93p.                                                 
     9720   Kouparitsas, Michael A.  Would free trade have emerged in   
            North America without NAFTA?.  39p.                         
     9719   Segal, Lewis M., Mauser, Elizabeth & Weisbrod, Burton A.    
            Volunteer labor sorting across industries.  23p.            

     FEDERAL RESERVE BANK OF DALLAS.  Research Department.              

     9801   Haslag, Joseph H. & Young, Eric R.  Revenue-maximizing      
            monetary policy.  39p.                                      

     FEDERAL RESERVE BANK OF KANSAS CITY.  Research Division.           

     9709   Clark, Todd E.  Do producer prices help predict consumer    
            prices?.  22p.                                              
     9714   Hess, Gregory D. & Orphanides, Athanasios.  An investgation 
            into the magnitude of foreign conflicts.  37p.              
     9707   Hess, Gregory D. & Shin, Kwanho.  Risk sharing by households
            within and across regions and industries.  31p.             
     9708   Kozicki, Sharon & Tinsley, P.A.  Shifting endpoints in the  
            term structure of interest rates.  41p.                     
     9713   Laubach, Thomas.  Measuring the NAIRU: evidence from seven  
            economies.  41p.                                            

     FEDERAL RESERVE BANK OF MINNEAPOLIS.  Research Department.         

     244    Kilian, Lutz & Ohanian, Lee E.  Is there a trend break in   
            U.S. GNP?: a macroeconomic perspective.  45p.               

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

     31     Groschen, Erica L. & Schweitzer, Mark E.  Identifying       
            inflation's grease and sand effects in the labor market.    
            49p.                                                        
     37     van Wincoop, Eric.  How big are potential welfare gains from
            international risk sharing?.  26p.                          

     FEDERAL RESERVE BANK OF PHILADELPHIA.  Economic Research Division. 

     98-4   Crone, Theodore M. & Voith, Richard P.  Risk and return     
            within the single-family housing market.  22p.              
     9803   Hughes, Joseph P.  Measuring efficiency when market prices  
            are subject to adverse selection.  28p.                     
     9802   Hughes, Joseph P., et al.  Measuring the efficiency of      
            capital allocation in commercial banking.  22p.             

     FEDERAL RESERVE BOARD.  Finance & Economics Discussion Series.     

     9812   Coronado, Julia Lynn.  The effects of social security       
            privatization on household saving: evidence from the Chilean
            experience.  33p.                                           
     9806   David, Alexander.  Pricing the strategic value of poison put
            bonds.  49p.                                                
     9809   Elmendorf, Douglas W. & Mankiw, N. Gregory.  Government     
            debt.  71p.                                                 
     9805   French, Mark W.  Cleaning up the errors in the monthly      
            "Employment Situation" report: a multivariate state space   
            approach.  16p.                                             
     9808   Haller, Hans & Lengwiler, Yvan.  A discrete model of        
            discriminatory price auctions: an alternative to Menezes -  
            Monteiro.  15p.                                             
     9811   Heller, Daniel & Lengwiler, Yvan.  The auctions of Swiss    
            government bonds: should the Treasury price discriminate or 
            not?.  14p.                                                 
     9807   Hynes, Richard & Berkowitz, Jeremy.  Bankruptcy exemptions  
            and the market for mortgage loans.  41p.                    
     9810   Kupiec, Paul H. & O'Brien, James M.  Deposit insurance, bank
            incentives, and the design of regulatory policy.  49p.      

     FEDERAL RESERVE BOARD.  International Finance Papers.              

     603    Kamin, Steven B.  A multi-country comparison of the linkages
            between inflation and exchange rate competitiveness.  24p.  

     FEDERAL TRADE COMMISSION.  Bureau of Economics.                    

     216    Simpson, John David & Hosken, Daniel.  Are retailing mergers
            anticompetitive?: an event study analysis.  35p.            

     HEBREW UNIV. Center for Rationality & Interactive Decision Theory. 

     163    Bar-Hillel, Maya, Bar-Natan, Dror & McKay, Brendan.  The     
            Torah codes: puzzle and solution.  18p.                     

     INSTITUT NATIONAL DE LA STATISTIQUE ET DES ETUDES ECONOMIQUES.     

     9741   Bizid, A., Jouini, E. & Koehl, P.F.  Pricing in incomplete  
            markets: an equilibrium approach.  18p.                     
     9751   Bizid, A., Jouini, E. & Koehl, P.F.  Pricing of             
            non-redundant derivatives in a complete market.  18p.       
     9748   Boizot, C., Robin, J.M. & Visser, M.  The demand for food   
            products: an analysis of interpurchase times and purchased  
            quantities.  31p.                                           
     9745   Fougere, D., et al.  An econometric analysis of household   
            portfolio allocation.  35p.                                 
     9743   Frachot, A.  How to stabilize financial markets before EMU?.
             18p.                                                       
     9746   Ghysels, E., Gourieroux, C. & Jasiak, J.  Stochastic        
            volatility duration models.  37p.                           
     9750   Gourieroux, C. & Scaillet, O.  Multiregime term structure   
            models.  28p.                                               
     9749   Guegan, D. & Lisi, F.  Predictive dimension: an alternative 
            definition of the embedding dimension.  16p.                
     9742   Guerre, E.  Design adapative pointwise nearest neighbor     
            regression.  19p.                                           
     9753   Henry, M.  Semiparametric frequency domain estimation for   
            time series with conditional heteroscedasticity.  34p.      
     9744   Jouini, E., Koehl, P.F. & Touzi, N.  Optimal investment with
            taxes: an optimal control problem with endogenous delay.    
            36p.                                                        
     9752   Koehl, P.F. & Pham, H.  Sublinear price functionals under   
            portfolio constraints.  11p.                                
     9747   Magnac, T.  State dependence and heterogeneity in youth     
            employment histories.  45p.                                 

     UNIVERSITY OF IOWA.  Department of Economics.                      

     9803   Camera, Gabriele & Corbae, Dean.  Money and price           
            dispersion.  33p.                                           

     BANCA DE ITALIA.  Research Department.                             

     322    Angeloni, Ignazio & Violi, Roberto.  Long-term interest rate
            convergence in Europe and the probability of EMU.  48p.     
     323    Fabiani, Silvia & Pellegrini, Guido.  Education,            
            infrastructure, geography and growth: an empirical analysis 
            of the development of Italian provinces.  61p.              
     321    Ferri, Giovanni & Mattesini, Fabrizio.  Finance, human      
            capital and infrastructure: an empirical investigation of   
            post war Italian growth.  54p.                              
     324    Grande, Guiseppe.  Properties of the monetary conditions    
            index.  55p.                                                

     JOHNS HOPKINS UNIVERSITY.  Department of Political Economy.        

     395    Hamilton, Bruce W.  The true cost of living: 1974-1991.     
            44p.                                                        
     396    Karni, Edi & Mongin, Philippe.  On the determination of     
            subjective probability by choices.  28p.                    

     LONDON SCHOOL OF ECONOMICS.  Financial Markets Group.              

     282    Huddart, Steven, Hughes, John S. & Brunnermeier, Markus.    
            Disclosure requirements and stock exchange listing choice in
            an international context.  40p.                             
     281    Lotz, Christopher.  Locally minimizing the credit risk.     
            39p.                                                        
     280    Vitale, Paolo.  Co-ordinated monetary and foreign exchange  
            intervention.  36p.                                         

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

     346    Hart, Oliver & Moore, John.  Cooperatives vs. outside       
            ownership.  52p.                                            
     341    Polak, Ben.  Epistemic conditions for Bayesian Nash         
            equilibrium, and common knowledge of rationality.  26p.     

     MACQUARIE UNIVERSITY.  Department of Economics.                    

     24/97  Dobbie, Michael.  Hysteresis and unemployment.  52p.        
     1/98   Ip, Pui Chi.  The role of monetary policy thirty years on.  
            14p.                                                        
     2/98   Sharir, Shmuel.  Compensating for damages with the          
            "dedicated-portfolio approach" and comparison with the      
            "discount-rate approach".  18p.                             

     MASSACHUSETTS INSTITUTE OF TECHNOLOGY.  Department of Economics.   

     9633   Acemoglu, Daron.  Good jobs versus bad jobs: theory and some
            evidence.  50p.                                             
     9626   Acemoglu, Daron.  Technology, unemployment and efficiency.  
            11p.                                                        
     9632   Acemoglu, Daron & Robinson, James A.  Why did the West      
            extend the franchise?: democracy, inequality and growth in  
            historical perspective.  46p.                               
     9627   Angrist, Joshus D.  Conditional independence in sample      
            selection models.  14p.                                     
     9622   Athey, Susan.  Comparative statics under uncertainty: single
            crossing properties and log supermodularity.  57p.          
     9630   Blanchard, Olivier & Kremer, Michael.  Disorganization.     
            36p.                                                        
     9629   Blanchard, Olivier & Katz, Lawrence F.  What we know and do 
            not know about the natural rate of unemployment.  37p.      
     9625   Caballero, Ricardo J. & Hammour, Mohamad L.  The            
            macroeconomics of specificity.  46p.                        
     9624   Ellison, Sara F., et al.  Characteristics of demand for     
            pharmaceutical products: an examination of four             
            cephalosporins.  38p.                                       
     9621   Holmstrom, Bengt & Tirole, Jean.  Private and public supply 
            of liquidity.  42p.                                         
     9623   Kremer, Michael & Maskin, Eric.  Wage inequality and        
            segregation by skill.  61p.                                 
     9634   Moscarini, Guiseppe, Ottaviani, Marco & Smith, Lones.       
            Social learning in a changing world.  11p.                  
     9628   Pischke, Jorn-Steffen.  Continuous training in Germany.     
            34p.                                                        
     9620   Smith, Lones.  Do rational traders frenzy?.  41p.           

     UNIVERSITY OF MELBOURNE.  Department of Economics.                 

     611    Creedy, John & Martin, Cameron.  How large are Australia's  
            greenhouse gas emissions?.  11p.                            
     609    Crosby, Mark & Olekalns, Nilss.  Some long run evidence on  
            tax smoothing.  27p.                                        
     608    Hirokawa, Midori & Sasaki, Dan.  Endogenously asynchronous  
            entries into an uncertain industry.  23p.                   
     610    Sherstyuk, Katerina.  Collusion without conspiracy: an      
            experimental study of one-sided auctions.  28p.             

     MICHIGAN STATE UNIVERSITY.  Department of Economics.               

     9702   Linz, Susan J.  Depreciation and Russian corporate finance: 
            a pragmatic approach to surviving the transition.  27p.     
     9703   Neumark, David & Wascher, William.  The New                 
            Jersey-Pennsylvania minimum wage experiment: a reevaluation 
            using payroll records.  67p.                                

     UNIVERSITY OF MINNESOTA.  Center for Political Economy.            

     96-1   Freeman, John R.  A computable equilibrium model for the    
            study of political economy.  59p.                           
     97-1   Mohtadi, Hamid & Roe, Terry L.  Democracy, rent seeking, and
            growth: is there a U curve?.  39p.                          

     MONASH UNIVERSITY.  Department of Economics.                       

     24/97  Aoki, Koji.  Japan's manufacturing foreign direct investment
            towards East Asian countries: an empirical analysis.  41p.  
     20/97  Bingley, Paul & Walker, Ian.  Household unemployment and the
            labour supply of married women.  28p.                       
     22/97  Krueger, Anne O.  Lessons for policy reform in light of the 
            Mexican experience.  29p.                                   
     21/97  Ng, Yew-Kwang.  A case for happiness, cardinalism and       
            interpersonal comparability.  13p.                          
     23/97  Prentice, David.  Estimating a short run cost function for a
            heterogeneous industry.  40p.                               
     19/97  Rich, Judith.  Gender, race and promotion in the U.S. civil 
            service: a comparative study of two cohorts of employees    
            entering the .  34p.                                        
     18/97  Yang, Xiaokai & Cheng, Wenli.  An inframarginal analysis of 
            the Heckscher-Ohlin model.  23p.                            

     UNIVERSITY OF MUNICH.  Center for Economic Studies.                

     144    Alvarez, Luis H.R. & Kanniainen, Vesa.  Valuation of        
            irreversible entry options under uncertainty and taxation.  
            18p.                                                        
     147    Apps, Patricia F. & Rees, Ray.  Individual vs. joint        
            taxation in models with household production.  12p.         
     146    Apps, Patricia F. & Rees, Ray.  On the taxation of trade    
            within and between households.  24p.                        
     145    Apps, Patricis F. & Rees, Ray.  The optimal taxation of     
            couples.  23p.                                              
     139    Dixit, Avinash & Olson, Mancur.  Does voluntary             
            participation undermine the Coase Theorem?.  31p.           
     143    Koskela, Erkki & Schob, Ronnie.  Payroll taxes vs. wage     
            taxes: non-equivalence results.  10p.                       
     140    Lichtenberg, Frank R.  The allocation of publicy-funded     
            biomedical research.  27p.                                  
     142    Sandmo, Agnar.  Redistribution and the marginal cost of     
            public funds.  19p.                                         
     141    Sinn, Hans-Werner.  The value of children & immigrants in a 
            pay-as-you-go pension system: a proposal for a partial      
            transition to a fund.  23p.                                 

     NATIONAL BUREAU OF ECONOMIC RESEARCH.  Working Papers.             

     6357   Acemoglu, Daron & Pischke, Jorn-Steffen.  The structure of  
            wages and investment in general training.  25p.             
     6383   Altshuler, Rosanne, Grubert, Harry & Newlon, T. Scott.  Has 
            U.S. investment abroad become more sensitive to tax rates?. 
            36p.                                                        
     6372   Arreaza, Adriana, Sorensen, Bent E. & Yosha, Oved.          
            Consumption smoothing through fiscal policy in OECD and EU  
            countries.  34p.                                            
     6379   Backus, David, et al.  Predictable changes in yields and    
            forward rates.  43p.                                        
     6376   Baldwin, Robert E. & Magee, Christopher S.  Is trade policy 
            for sale?: congressional voting on recent trade bills.  36p.
     6317   Barro, Robert J.  Myopia and inconsistency in the           
            neoclassical growth model.  31p.                            
     6355   Beaudry, Paul & Blackorby, Charles.  Taxes and employment   
            subsidies in optimal redistribution programs.  49p.         
     6365   Berger, Tommy, et al.  Another look at the capitalization of
            interest subsidies: evidence from Sweden.  24p.             
     6393   Bils, Mark & Klenow, Peter J.  Does schooling cause growth  
            or the other way around?.  41p.                             
     6343   Blank, Rebecca M.  What causes public assistance caseloads  
            to grow?.  67p.                                             
     6347   Brown, Stephen J., et al.  The Japanese open-end fund       
            puzzle.  43p.                                               
     6385   Cameron, Stephen V. & Heckman, James J.  Life cycle         
            schooling and dynamic selection bias: models and evidence   
            for five cohorts of American males.  91p.                   
     6374   Carroll, Robert, et al.  Entrepreneurs, income taxes, and   
            investment.  46p.                                           
     6388   Cawley, John, Heckman, James & Vytlacil, Edward.  Cognitive 
            ability and the rising return to education.  42p.           
     6354   Cecchetti, Stephen G., Lam, Pok-sang & Mark, Nelson C.      
            Asset pricing with distorted beliefs: are equity returns too
            good to be true?.  23p.                                     
     6371   Christiano, Lawrence J., Eichenbaum, Martin & Evans, Charles
            L.  Modeling money.  43p.                                   
     6362   Currie, Janet & Thomas, Duncan.  School quality and the     
            longer-term effects of Head Start.  29p.                    
     6363   DiPasquale, Denise & Glaeser, Edward L.  Incentives and     
            social capital: are homeowners better citizens?.  42p.      
     6373   Dixit, Avinash K. & Pindyck, Robert S.  Expandability,      
            reversibility, and optimal capacity choice.  28p.           
     6369   Dornbusch, Rudiger, Favero, Carlo A. & Giavazzi, Francesco. 
            The immediate challenges for the European Central Bank.     
            50p.                                                        
     6334   Edwards, Sebastian.  The Mexican peso crisis: how much did  
            we know?  When did we know it?.  38p.                       
     6370   Eichengreen, Barry & Rose, Andrew K.  Staying afloat when   
            the wind shifts: external factors and emerging market       
            banking crises.  45p.                                       
     6380   Flood, Robert & Marion, Nancy.  Perspectives on the recent  
            currency crisis literature.  63p.                           
     6331   Galenson, David W.  The careers of modern artists: evidence 
            from auctions of contemporary paintings.  53p.              
     6344   Goldberg, Linda S. & Klein, Michael W.  Foreign direct      
            investment, trade and real exchange rate linkages in        
            Southeast Asia and Latin America.  41p.                     
     6392   Goolsbee, Austan.  The business cycle, financial            
            performance, and the retirement of capital goods.  34p.     
     6333   Goolsbee, Austan.  What happens when you tax the rich?:     
            evidence from executive compensation.  35p.                 
     6342   Goolsbee, Austan & Cross, David B.  Estimating adjustment   
            costs with data on heterogeneous capital goods.  45p.       
     6353   Grogger, Jeff & Willis, Mike.  The introduction of crack    
            cocaine and the rise in urban crime rates.  36p.            
     6341   Hellerberg, Mark & von Hagen, Jurgen.  Electoral            
            institutions, cabinet negotiations, and budget deficits in  
            the European Union.  39p.                                   
     6384   Heckman, James J., Lochner, Lance & Taber, Christopher.     
            Explaining rising wage inequality: explorations with a      
            dynamic general equilibrium model of labor earnings...  82p.
     6321   Hellerstein, Judith K., Neumark, David & Troske, Kenneth R. 
            Market forces and sex discrimination.  36p.                 
     6324   Hong, Harrison & Stein, Jeremy C.  A unified theory of      
            underreaction, momemtum trading and overreaction in asset   
            markets.  56p.                                              
     6323   Hoxby, Caroline M.  How the changing market structure of    
            U.S. higher education explains college tuition.  77p.       
     6382   Jermann, Urban J.  International portfolio diversification  
            and labor/leisure choice.  28p.                             
     6340   Kaplow, Louis.  Transfer motives and tax policy.  12p.      
     6346   Kessler, Daniel P. & McClellan, Mark.  The effects of       
            malpractice pressure and liability reforms on physicians    
            perceptions of medical care.  36p.                          
     6335   Kim, Sukkoo.  Economic integration and convergence: U.S.    
            regions 1840-1987.  63p.                                    
     6322   Kim, Sukkoo.  Regions, resources, and economic geography:   
            sources of U.S. regional comparative advantage, 1880-1987.  
            51p.                                                        
     6327   Krueger, Anne O.  Whither the World Bank and the IMF?.  93p.
     6377   Lakdawalla, Darius & Philipson, Tomas.  Nonprofit production
            and competition.  54p.                                      
     6366   Lanjouw, Jean O.  The introduction of pharmaceutical product
            patents in India: "heartless exploitation of the poor &     
            suffering"?.  53p.                                          
     6351   Lewis, Karen K.  International home bias in international   
            finance and business cycles.  67p.                          
     6345   McGarry, Kathleen.  Inter vivos transfers and intended      
            bequests.  47p.                                             
     6359   Markowitz, Sara & Grossman, Michael.  Alcohol regulation and
            violence towards children.  33p.                            
     6361   Meade, Jose & Waldfogel, Joel.  Do sentencing guidelines    
            raise the cost of punishment?.  24p.                        
     6390   Mishkin, Frederic S.  International capital movements,      
            financial volatility and financial instability.  33p.       
     6316   Mitchell, Olivia S. & Barreto, Flavio Ataliba.  After Chile,
            what?: second-round pension reforms in Latin America.  40p. 
     6328   Mocan, H. Naci & Viola, Deborah.  The determinants of child 
            care workers' wages and compensation: sectoral difference,  
            human capital, race...  52p.                                
     6326   Mulligan, Casey B.  Pecuniary incentives to work in the U.S.
            during World War II.  55p.                                  
     6378   Neal, Derek & Rosen, Sherwin.  Theories of the distribution 
            of labor earnings.  54p.                                    
     6330   Neumark, David, Polsky, Daniel & Hansen, Daniel.  Has job   
            stability declined yet?: new evidence for the 1990s.  48p.  
     6348   Pacula, Rosalie L.  Adolescent alcohol and marijuana        
            consumption: is there really a gateway effect?.  43p.       
     6329   Persson, Torsten & Tabellini, Guido.  Political economics   
            and macroeconomic policy.  100p.                            
     6349   Piggott, John & Whalley, John.  Value added tax base        
            broadening, self supply, and the informal sector.  30p.     
     6337   Poterba, James.  The estate tax and after-tax investment    
            returns.  43p.                                              
     6368   Rajan, Raghuram, Servaes, Henri & Zingales, Luigi.  The cost
            of diversity: the diversification discount and inefficient  
            investment.  50p.                                           
     6338   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Channeling     
            domestic savings into productive investment under asymmetric
            information.  29p.                                          
     6339   Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Quantitative   
            implications of the home bias: foreign underinvestment,     
            domestic oversaving and corrective taxation.  23p.          
     6364   Rodrik, Dani.  Democracies pay higher wages.  12p.          
     6350   Rodrik, Dani.  Where did all the growth go?: external       
            shocks, social conflict, and growth collapses.  50p.        
     6352   Scharfstein, David S.  The dark side of internal capital    
            markets II: evidence from diversified conglomerates.  35p.  
     6381   Schwert, G. William.  Stock market volatility: ten years    
            after the crash.  43p.                                      
     6375   Shiller, Robert J.  Human behavior and the efficiency of the
            financial system.  56p.                                     
     6356   Shiller, Robert J.  Indexed units of account: theory and    
            assessment of historical experience.  40p.                  
     6358   Stein, Ernesto, Talvi, Ernesto & Grisanti, Alejandro.       
            Institutional arrangements and fiscal performance: the Latin
            American experience.  49p.                                  
     6336   Velasco, Andres.  A model of endogenous fiscal deficits and 
            delayed fiscal reforms.  33p.                               
     6332   Wu, Changqi & Cheng, Leonard K.  Hong Kong's business       
            regulation in transition.  34p.                             
     6367   Zarnowitz, Victor.  Has the business cycle been abolished?. 
            16p.                                                        
     6360   Zucker, Lynne G. & Darby, Michael R.  Capturing             
            technological opportunity vis Japan's star scientists:      
            evidence from Japanese firms' biotech patents & pr.  47p.   

     UNIVERSITY OF NEW SOUTH WALES.  School of Economics.               

     98-7   Harcourt, Geoff C. & Monadjemi, Mehdi S.  The vital         
            contributions of John Cornwall to economic theory and       
            policy.  22p.                                               
     98-3   Lim, Jaekyu.  Domestic environmental policies and trade     
            competitiveness: some empirical evidence from South Korea.  
            28p.                                                        
     98-2   Lim, Jaekyu.  Economic growth and environment: some         
            empirical evidence from South Korea.  20p.                  
     98-1   Meagher, Kieron & Rogers, Mark.  Networks, spillovers and   
            models of economic growth.  34p.                            
     98-5   Monadjemi, Mehdi S.  Money, prices and the exchange rate:   
            evidence from four OECD countries.  17p.                    
     98-4   Stegman, Trevor.  On the role of regulation in              
            union-employer bargaining.  19p.                            
     98-6   YeungLamKo, Louis.  The economic development of Mauritius   
            since independence.  65p.                                   

     NEW YORK UNIVERSITY.  Stern School of Business.                    

     9803   Economides, Nicholas.  Raising rivals' costs in             
            complementary goods markets: LECs entering into long        
            distance & Microsoft bundling IE.  25p.                     
     9801   Economides, Nicholas.  The tragic inefficiency of the M-ECPR
            (market determined efficient component pricing rule).  17p. 
     9804   Economides, Nicholas.  U.S. telecommunications today.  10p. 
     9802   Economides, Nicholas & Flyer, Fredrick.  Compatability and  
            market structure for network goods.  40p.                   
     9709   Ghosh, Atish R., et al.  Does the nominal exchange rate     
            regime matter?.  29p.                                       
     9710   Sato, Ryuzo, Ramachandran, Rama & Kim, Youngduk.  Estimation
            of biased technical progress.  19p.                         

     NORWEGIAN SCHOOL OF ECONOMICS & BUSINESS ADMINISTRATION.           

     4/98   Klovland, Jan Tore.  Monetary policy and business cycles in 
            the interwar years: the Scandinavian experience.  37p.      
     1/98   Lommerud, Kjell Erik & Sorgard, Lars.  Trade liberalization 
            and cartel stability.  24p.                                 
     6/98   Osmundsen, Petter.  Corporate taxation under endogenous     
            mobility.  26p.                                             
     3/98   Sandmo, Agnar.  The welfare state: a theoretical framework  
            for justification and criticism.  30p.                      
     5/98   Schjelderup, Guttorm & Weichenrieder, Alfons J.  Trade,     
            multinationals, and transfer pricing regulations.  24p.     
     2/98   Tungodden, Bertil.  Social choices with independent norm    
            levels.  27p.                                               

     OSAKA UNIVERSITY.  Institute of Social and Economic Research.      

     451    Choi, Jay Pil.  Brand extension as informational leverage.  
            27p.                                                        
     453    Gotoh, Reiko & Yoshihara, Naoki.  A game form approach to   
            theories of distributive justice: formalizing needs         
            principle.  36p.                                            
     447    Horioka, Charles Y.  Japan's public pension system: what's  
            wrong with it and how to fix it.  13p.                      
     449    Kidokoro, Yukihiro.  Rate of return and price cap           
            regulations for urban railways.  50p.                       
     452    Kiyono, Kazuharu & Okuno-Fujiwara, Masahiro.  Global        
            environmental management: incentives for abatement          
            investment anticipating an international bargaining.  44p.  
     450    Matsui, Akihiko & Okuno-Fujiwara, Masahiro.  Evolution and  
            interaction of social norms.  29p.                          
     448    Sjostrom, Tomas.  Undominated Nash implementation with      
            collusion and renegotiation.  14p.                          

     UNIVERSITY OF OTTAWA.  Department of Economics.                    

     9710   Coulombe, Serge & Day, Kathleen M.  Regional convergence in 
            Canada and the United States: does the border matter?.  41p.
     9708   Day, Kathleen M. & Devlin, Rose Anne.  The nonprofit sector 
            and public policy in Canada.  24p.                          
     9711   Grafton, R. Quentin & Barham, Vicky.  Rewriting Rio: what's 
            wrong with the convention on climate change?.  33p.         
     9713   White, Graham.  Increasing flexibility in relative labour   
            costs as a means of reducing unemployment: do theoretical   
            foundations exi.  33p.                                      
     9712   White, Graham.  Macroeconomics and the choice of technique: 
            long-period coherence and the "Keynes effect".  50p.        

     UNIVERSITY OF OXFORD.  Nuffield College.                           

     140    Redding, Stephen.  Dynamic comparative advantage and the    
            welfare effects of trade.  35p.                             
     139    Smith, Lones & Sorensen, Peter.  Informational herding and  
            optimal experimentation.  24p.                              

     UNIVERSITY OF PENNSYLVANIA.  Institute for Economic Research.      

     9744   Coate, Stephen.  Welfare economics and the evaluation of    
            policy changes.  26p.                                       
     9801   Mailath, George J.  Do people play Nash equilibrium?:       
            lessons from evolutionary game theory.  42p.                

     UNIVERSITAT POMPEU FABRA.  Economics Working Papers.               

     224    Courty, Pascal & Hao, Li.  Sequential screening.  33p.      
     234    Fuster, Luisa.  Is altruism important for understanding the 
            long-run effects of social security?.  32p.                 
     233    Hauk, Esther & Hurkens, Sjaak.  Secret information          
            acquisition in Cournot markets.  27p.                       
     227    Marianov, Vladimir, Serra, Daniel & Revelle, Charles.       
            Location of hubs in a competitive environment.  21p.        
     225    Marin, Jose M. & Olivier, Jacques.  Constraints and         
            non-existence of rational expectations equilibria.  22p.    
     223    Marin, Jose M. & Rahi, Rohit.  Speculative securities.  21p.
     229    Mulligan, Casey B. & Sala-i-Martin, Xavier.  The optimum    
            quantity of money: theory and evidence.  51p.               
     230    Nagel, Rosemarie & Vriend, Nicholaas J.  An experimental    
            study of adaptive behavior in an oligopolistic market game. 
            37p.                                                        
     231    Oliva, Maria-Angels & Rivera-Batiz, Luis A.  Multinationals,
            technology networks and international takeovers.  43p.      
     235    Shioji, Etsuro.  Convergence in panel data: evidence from   
            the skipping estimation.  20p.                              
     236    Shioji, Etsuro.  It's still 2%: evidence on convergence from
            116 years of the U.S. states panel data.  15p.              
     226    Viader, Pelegri, Paradis, Jaume & Bibiloni, Lluis.  A new   
            light on Minkowski's ? (x) function.  19p.                  

     PRINCETON UNIVERSITY.  International Finance Section-Essays.       

     205    McCauley, Robert N.  The Euro and the dollar.  83p.         

     QUEEN'S UNIVERSITY.  Institute for Economic Research.              

     963    Boadway, Robin, Marchand, Maurice & Vigneault, Marianne.    
            The consequences of overlapping tax bases for redistribution
            and public spending in a federation.  32p.                  
     962    Boadway, Robin & Sato, Motohiro.  Information acquisition   
            and government intervention in credit markets.  34p.        
     966    Shi, Shouyong.  Search for a monetary propagation mechanism.
             48p.                                                       
     967    Shi, Shouyong.  Tariffs, unemployment, and the current      
            account: an intertemporal equilibrium model.  39p.          

     UNIVERSITY OF ROCHESTER.  Wallis Inst. of Political Economy.       

     12     Bird, Edward J.  Does the welfare state induce risk taking?.
             53p.                                                       
     13     Bird, Edward J.  Politics, altruism, and the definition of  
            poverty.  36p.                                              
     11     Bird, Edward J.  Welfare policy and endogenous selective    
            norms.  32p.                                                

     TEL-AVIV UNIVERSITY.  Eitan Berglas School of Economics.           

     35/97  Artstein, Yael.  Wage rigidity in Israel: institutions vs.  
            market forces.  32p.                                        
     34/97  Hochman, Oded & Pines, David.  On the agglomeration of      
            non-residential activities in an urban area.  33p.          
     36/97  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Channelling    
            domestic savings into productive investment under asymmetric
            information: the role of foreign direct in.  30p.           
     32/97  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Implications of
            the home bias: a pecking order of capital inflows and       
            corrective taxation.  32p.                                  
     33/97  Razin, Assaf, Sadka, Efraim & Yuen, Chi-Wa.  Quantitative   
            implications of the home bias: foreign underinvestment,     
            domestic oversaving and corrective taxation.  25p.          

     UNIVERSITA DEGLI STUDI DI VENEZIA.  Dipartimento di Scienze Econ.  

     9802   Chattopadhyay, Subir & Gottardi, Piero.  Stochastic         
            overlapping generations models, market structure, and       
            optimality.  40p.                                           
     9714   Giacomin, Alberto.  Cantillon's monetary theory of          
            production.  23p.                                           

     UNIVERSITY OF VIENNA.  Department of Economics.                    

     9801   Alos-Ferrer, Carlos.  Dynamical systems with a continuum of 
            randomly matched agents.  60p.                              
     9710   Kaufman, Sylvia.  Measuring business cycles with a dynamic  
            Markov switching factor model.  23p.                        
     9711   Neeman, Zvika & Orosel, Gerhard O.  Herding and the winner's
            curse in markets with sequential bids.  35p.                

     UNIVERSITY OF VIRGINIA.  Center for Studies in Political Economy.  

     305    Goeree, Jacob K. & Holt, Charles A.  Classroom games: rent  
            seeking and the inefficiency of non-market allocations.     
            13p.                                                        
     306    Holt, Charles A. & Sherman, Roger.  Classroom games: a      
            market for lemons.  12p.                                    
     307    Levine, Ross.  The legal environment, banks, and long-run   
            economic growth.  33p.                                      
     308    Manski, Charles F. & Pepper, John V.  Monotone instrumental 
            variables with an application to the returns to schooling.  
            39p.                                                        

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