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Content
1987
- 2404 Energy, Obsolescence, and the Productivity Slowdown
by Charles R. Hulten & James W. Robertson & Frank C. Wykoff
- 2403 Trade in Risky Assets
by Lars E.O. Svensson
- 2402 What Do We Know About Worker Displacement in the U.S.?
by Daniel S. Hamermesh
- 2401 Heteroskedasticity-Consistent Estimation of the Variance-Covariance Matrix for the Almost Ideal Demand System
by Melvyn A. Fuss
- 2400 Can Futures Market Data Be Used to Understand the Behavior of Real Interest Rates?
by Frederic S. Mishkin
- 2399 Contraction and Expansion: The Divergence of Private Sector and Public Sector Unionism in tht U.S
by Richard B. Freeman
- 2398 Israel's Stabilization: A Two-Year Review
by Michael Bruno & Sylvia Piterman
- 2397 Disaggregating the Effect of the Business Cycle on the Distribution of Income
by Rebecca M. Blank
- 2396 Why are Wages Cyclical in the 1970's?
by Rebecca M. Blank
- 2395 The Economic Consequences of Noise Traders
by J. Bradford De Long & Andrei Shleifer & Lawrence H. Summers & Robert J. Waldmann
- 2394 Til Debt Do Us Part: The U.S. Capital Market and Foreign Lending, 1920-1955
by Barry Eichengreen
- 2393 Prices of Single Family Homes Since 1970: New Indexes for Four Cities
by Karl E. Case & Robert J. Shiller
- 2392 Asset Accumulation, Information, and the Life Cycle
by Mervyn A. King & Jonathan I. Leape
- 2391 How Much Care Do the Aged Receive from Their Children? A Bimodal Picture of Contact and Assistance
by Laurence J. Kotlikoff & John N. Morris
- 2390 U.S. and Swedish Direct Investment and Exports
by Magnus Blomstrom & Robert E. Lipsey & Ksenia Kulchycky
- 2389 Fiscal Policies and the Stock Market: International Dimensions
by Assaf Razin
- 2388 Dynamic Behavior of Imperfectly Competitive Economies with Multiple Equilibria
by Russell Cooper
- 2387 Financing Constraints and Corporate Investment
by Steven Fazzari & R. Glenn Hubbard & Bruce C. Petersen
- 2386 Imperfect Competition and the Keynesian Cross
by N. Gregory Mankiw
- 2385 Order Backlogs and Production Smoothing
by Kenneth D. West
- 2384 The Impact of Monetary Targeting in the United States: 1976-1984
by Carl E. Walsh
- 2383 Consumption Risk and International Asset Returns: Some Empirical Evidence
by Robert E. Cumby
- 2382 Social Security Reforms and Poverty Among Older Dual-Earner Couples
by Olivia S. Mitchell
- 2381 The Regularity of Business Cycles
by Victor Zarnowitz
- 2380 Is it Risk? Explaining Deviations from Uncovered Interest Parity
by Robert E. Cumby
- 2379 Debt Problems and the World Macro Economy
by Rudiger Dornbusch
- 2378 Argentina: Debt and Macroeconomic Instability
by Rudiger Dornbusch & Juan Carlos de Pablo
- 2377 The Interaction Between Capital Investment and R&D in Science-Based Firms
by Saul Lach & Mark Schankerman
- 2376 Finanial Policy and Speculative Runs with a Crawling Peg: Argentina 1979-1981
by Robert E. Cumby & Sweder van Wijnbergen
- 2375 Household Formation and Home Ownership: The Impacts of Demographics andTaxes
by Patric H. Hendershott
- 2374 Negotiated Trade Restrictions with Private Political Pressure
by Robert C. Feenstra & Tracy R. Lewis
- 2373 Resolving the International Debt Crisis
by Stanley Fischer
- 2372 Open Economy Macroeconomics: New Directions
by Rudiger Dornbusch
- 2371 Exchange Rates and U.S. Auto Competitiveness
by J. David Richardson
- 2370 Market Power and Exchange Rate Adjustment in the Presence of Quotas
by Joshua Aizenman
- 2369 Asset Pricing and Optimal Portfolio Choice in the Presence of Illiquid Durable Consumption Goods
by Sanford J. Grossman & Guy Laroque
- 2368 Returns to Seniority in Union and Nonunion Jobs: A New Look at the Evidence
by Katharine G. Abraham & Henry S. Farber
- 2367 Recent Estimates of Time-Variation in the Conditional Variance and in the Exchange Risk Premium
by Jeffrey A. Frankel
- 2366 Firm Characteristics, Unanticipated Inflation, and Stock Returns
by Douglas K. Pearce & V. Vance Roley
- 2365 Tariffs, the Real Exchange Rate and the Terms of Trade: On Two Popular Propositions in International Economics
by Sebastian Edwards & Sweder van Wijnbergen
- 2364 On the Interpretation of Near Random-Walk Behavior in GNP
by Kenneth D. West
- 2363 New Hope for the Expectations Hypothesis of the Term Structure of Interest Rates
by Kenneth A. Froot
- 2362 Tests of Excess Forecast Volatility in the Foreign Exchange and Stock Markets
by Kenneth A. Froot
- 2361 The Evolution of Public Sector Bargaining Laws
by Henry S. Farber
- 2360 Seasonality, Cost Shocks, and the Production Smoothing Model of Inventories
by Jeffrey A. Miron & Stephen P. Zeldes
- 2359 Integrated Regressors and Tests of the Permanent Income Hypothesis
by James H. Stock & Kenneth D. West
- 2358 Credibility, Real Interest Rates, and the Optimal Speed of Trade Liberalization
by Kenneth A. Froot
- 2357 An Analysis of the Implications for Stock and Futures Price Volatility of Program Trading and Dynamic Hedging Strategies
by Sanford J. Grossman
- 2356 Employee Crime, Monitoring, and the Efficiency Wage Hypothesis
by William T. Dickens & Lawrence F. Katz & Kevin Lang & Lawrence H. Summers
- 2355 Taxes, Budget Deficits ad Consumer Spending: Some New Evidence
by Martin Feldstein & Douglas W. Elmendorf
- 2354 An Overlapping Generations Model of Electoral Competition
by Alberto Alesina & Stephen E. Spear
- 2353 The Marginal Excess Burden of Different Capital Tax Instruments
by Don Fullerton & Yolanda K. Henderson
- 2352 Government Saving, Capital Formation and Wealth in the United States, 1947-1985
by Michael J. Boskin & Marc S. Robinson & Alan M. Huber
- 2351 Arbitrator Behavior in Public Sector Wage Disputes
by David E. Bloom
- 2350 A Goodness of Fit Test of Dual Labor Market Theory
by William T. Dickens & Kevin Lang
- 2349 Imputing Corporate Tax Liabilities to Individual Taxpayers
by Martin Feldstein
- 2348 Exchange Controls, Devaluations and Real Exchange Rates: The Latin American Experience
by Sebastian Edwards
- 2347 One Share/One Vote and the Market for Corporate Control
by Sanford J. Grossman & Oliver D. Hart
- 2346 A Cost-Effectiveness Analysis of Strategies to Reduce Infant Mortality
by Hope Corman & Theodore Joyce & Michael Grossman
- 2345 The ECU - An Imaginary or Embryonic Form of Money: What Can We Learn from History?
by Michael D. Bordo & Anna J. Schwartz
- 2344 The Worldwide Change in the Behavior of Interest Rates and Prices in 1914
by Robert B. Barsky & N. Gregory Mankiw & Jeffrey A. Miron & David N. Weil
- 2343 Mean Reversion in Stock Prices: Evidence and Implications
by James M. Poterba & Lawrence H. Summers
- 2342 Breach of Trust in Hostile Takeovers
by Andrei Shleifer & Lawrence H. Summers
- 2341 The Term Structure of Interest Rates
by Robert J. Shiller & J. Huston McCulloch
- 2340 Interest-Only/Principal-Only Mortgage-Backed Strips: A Valuation and Risk Analysis
by Alan J. Marcus & Arnold Kling
- 2339 Sources of Macroeconomic Imbalances in the World Economy: A Simulation Approach
by Jeffrey D. Sachs & Nouriel Roubini
- 2338 Household Dissolution and the Choice of Alternative Living Arrangements Among Elderly Americans
by Axel Borsch-Supan
- 2337 The Effects of Technological Change on Earnings and Income Inequality inthe United States
by McKinley L. Blackburn & David E. Bloom
- 2336 Risky Income, Life Cycle Consumption, and Precautionary Savings
by Jonathan S. Skinner
- 2335 Taxation and Output Growth: Evidence from African Countries
by Jonathan S. Skinner
- 2334 Sibling and Intergenerational Correlations in Welfare Program Participation
by Gary Solon & Mary Corcoran & Roger H. Gordon & Deborah Laren
- 2333 The Right Combination of Demand and Supply Policies: The Case for a Two-Handed Approach
by Willem H. Buiter
- 2332 Concepts and Measures of Federal Deficits and Debt and Their Impact on Economic Activity
by Michael J. Boskin
- 2331 Operative Gift and Bequest Motives
by Andrew B. Abel
- 2330 Ricardian Equivalence: An Evaluation of Theory and Evidence
by B. Douglas Bernheim
- 2329 The Role of Education: Mobility Increasing or Mobility Impeding?
by Axel Borsch-Supan
- 2328 Long-Term Care, Wealth, and Health of the Disabled Elderly Living in the Community
by Alan M. Garber
- 2327 Sticky Prices as Coordination Failure
by Laurence Ball & David Romer
- 2326 The Poverty of Widows: Future Prospects
by Michael D. Hurd
- 2325 The Wealth and Poverty of Widows: Assets Before and After the Husband's Death
by Michael D. Hurd & David A. Wise
- 2324 Aging, Moving, and Housing Wealth
by Steven F. Venti & David A. Wise
- 2323 Employee Retirement and a Firm's Pension Plan
by Laurence J. Kotlikoff & David A. Wise
- 2322 Treasury Bill Futures as Hedges Against Inflation Risk
by Jayendu Patel & Richard J. Zeckhauser
- 2321 The Mundell-Flemming Model: A Quarter Century Later
by Jacob A. Frenkel & Assaf Razin
- 2320 Declining Unionization in Construction: The Facts and the Reasons
by Steven G. Allen
- 2319 Why Have Private Saving Rates in the United States and Canada Diverged?
by Chris Carroll & Lawrence H. Summers
- 2318 Financial Fragility and Economic Performance
by Ben Bernanke & Mark Gertler
- 2317 No Room for Weak Links in the Chain of Deposit Insurance Reform
by Edward J. Kane
- 2316 Implicit Contracts, Labor Mobility and Unemployment
by Richard J. Arnott & Arthur Hosios & Joseph Stiglitz
- 2315 Costly Adjustment and Limited Borrowing: A Welfare Analysis of Policiesto Achieve External Balance
by Joshua Aizenman & Marcelo Selowsky
- 2314 Income Originating in the State and Local Sector
by Charles R. Hulten & Robert M. Schwab
- 2313 Sectoral and National Aggregate Disturbances to Industrial Output in Seven European Countries
by Alan C. Stockman
- 2312 Inflation: Theory and Evidence
by Bennett T. McCallum
- 2311 Menu Costs and the Neutrality of Money
by Andrew C. Caplin & Daniel F. Spulber
- 2310 Exchange Rate Policy Reconsidered
by Richard C. Marston
- 2309 Political vs. Currency Premia in International Real Interest Differentials: A Study of Forward Rates for 24 Countries
by Jeffrey A. Frankel & Alan T. MacArthur
- 2308 A Positive Theory of Fiscal Deficits and Government Debt in a Democracy
by Alberto Alesina & Guido Tabellini
- 2307 U.S. Firms in Latin American Service Industries
by Magnus Blomstrom & Robert E. Lipsey
- 2306 Wage Structures and Labor Turnover in the U.S. and in Japan
by Jacob Mincer & Yoshio Higuchi
- 2305 Homeownership Rates of Married Couples: An Econometric Investigation
by Donald R. Haurin & Patric H. Hendershott & David C. Ling
- 2304 Productivity Levels and Productivity Change Under Unionism
by Steven G. Allen
- 2303 Tests of International CAPM with Time-Varying Covariances
by Charles Engel & Anthony P. Rodrigues
- 2302 Monopolistic Competition, Credibility and the Output Costs of Disinflation Programs: An Analysis of Price Controls
by Sweder van Wijnbergen
- 2301 Breath Testing and the Demand for Drunk Driving
by Henry Saffer & Frank Chaloupka
- 2300 Monetary Policy Lessons of recent Inflation and Disinflation
by William Poole
- 2299 Are User Fees Regressive? The Welfare Implications of Health Care Financing Proposals in Peru
by Paul J. Gertler & Luis Locay & Warren C. Sanderson
- 2298 An Analysis of Fiscal Policy Under Operative and Inoperative Bequest Motives
by Andrew B. Abel
- 2297 The Efficiency of Investment in the Presence of Aggregate Demand Spillovers
by Andrei Shleifer & Robert W. Vishny
- 2296 Uncertainty and Liquidity
by Alberto Giovannini
- 2295 Characteristics of Hostile and Friendly Takeover Targets
by Randall Morck & Andrei Shleifer & Robert W. Vishny
- 2294 Private Saving in the United States: 1950-85
by Patric H. Hendershott & Joe Peek
- 2293 International Coordination of Trade Policy
by J. David Richardson
- 2292 Federal Deductibility of State and Local Taxes: A Test of Public Choiceby Representative Government
by Lawrence B. Lindsey
- 2291 The Timing of Retirement: A Comparison of Expectations and Realizations
by B. Douglas Bernheim
- 2290 Pricing Mortgages: An Interpretation of the Models and Results
by Patric H. Hendershott & Robert Van Order
- 2289 Understanding the Real Estate Provisions of Tax Reform: Motivation and Impact
by James R. Follain & Patric H. Hendershott & David C. Ling
- 2288 Intergenerational Altruism and Social Welfare: A Critique of the Dynastic Model
by B. Douglas Bernheim
- 2287 International Policy Coordination: The Case of the Developing Country Debt Crisis
by Jeffrey D. Sachs
- 2286 The Cost of Capital in the U.S. and Japan: A Comparison
by Albert Ando & Alan J. Auerbach
- 2285 Why Does Money Affect Output? A Survey
by Olivier J. Blanchard
- 2284 The Effect of Public Sector Labor laws on Collective Bargaining, Wages, and Employment
by Richard B. Freeman & Robert G. Valletta
- 2283 Federal Assistance and Local Services in the United States: The Evolution of a New Federalist Fiscal Order
by Robert P. Inman
- 2282 The Effect of Family Background on Economic Status: A Longitudinal Analysis of Sibling Correlations
by Gary Solon & Mary Corcoran & Roger H. Gordon & Deborah Laren
- 2281 Household Migration, Urban Growth, and Industrialization: The United States, 1850-1860
by Richard H. Steckel
- 2280 Effects of the Changing U.S. Age Distribution on Macroeconomic Equations
by Ray C. Fair & Kathryn M. Dominguez
- 2279 The Significance of Tax Law Asymmetries: An Empirical Investigation
by Rosanne Altshuler & Alan J. Auerbach
- 2278 Delay in Reporting Acquired Immune Deficiency Syndrome (AIDS)
by Jeffrey E. Harris
- 2277 Financial Innovations in International Financial Markets
by Richard M. Levich
- 2276 Developing the ECU Markets: Perspectives on Financial Innovation
by Richard M. Levich
- 2275 On the Definition and Magnitude of Recent Capital Flight
by Robert E. Cumby & Richard M. Levich
- 2274 Is the U.S. a Spendthrift Nation?
by Robert E. Lipsey & Irving B. Kravis
- 2273 The Impact of Firm Acquisitions on Labor
by Charles Brown & James L. Medoff
- 2272 Housing Finance Imperfections and Private Saving: A Comparative Simulation Analysis of the U.S. and Japan
by Fumio Hayashi & Takatoshi Ito & Joel Slemrod
- 2271 Inter-Industry Wage Differences and Theories of Wage Determination
by William T. Dickens & Lawrence F. Katz
- 2270 The Optimal Collection of Seigniorage: Theory and Evidence
by N. Gregory Mankiw
- 2269 Regulation and the Provision of Quality to Heterogenous Consumers: The Case of Prospective Pricing of Medical Services
by Robin Allen & Paul J. Gertler
- 2268 Stabilization with Exchange Rate Management under Uncertainty
by Allan Drazen & Elhanan Helpman
- 2267 The Decline of Unionization in the United States: What can Be Learned from Recent Experience?
by Henry S. Farber
- 2266 Pensions and Firm Performance
by Steven G. Allen & Robert L. Clark
- 2265 Consumption
by Robert E. Hall
- 2264 Investment Under Uncertainty: Theory and Tests with Industry Data
by Robert E. Hall
- 2263 Longitudinal Analysis of Strike Activity
by David Card
- 2262 Excess Capacity, Monopolistic Competition, and International Transmission of Monetary Disturbances
by Lars E.O. Svensson & Sweder van Wijnbergen
- 2261 Tariffs, Employment and the Current Account: Real Wage Resistance and the Macroeconomics of Protectionism
by Sweder van Wijnbergen
- 2260 Who Should Learn What From the Failure and Delayed Bailout of the ODGF?
by Edward J. Kane
- 2259 Nominally Sovereign Debt, Risk Shifting, and Reputation
by Herschel I. Grossman & John B. Van Huyck
- 2258 Testing Ricardian Neutrality with an Intertemporal Stochastic Model
by Leonardo Leiderman & Assaf Razin
- 2257 Social Security Benefits: An Empirical Study of Expectations and Realizations
by B. Douglas Bernheim
- 2256 Future Social Security Financing Alternatives and National Saving
by Michael J. Boskin
- 2255 The Stochastic Properties of Velocity: A New Interpretation
by Michael D. Bordo & Lars Jonung
- 2254 Unions and Efficiency in Private Sector Construction: Further Evidence
by Steven G. Allen
- 2253 Implicit Estimates of Natural, Trend, and Cyclical Components of Real GNP
by Charles R. Nelson
- 2252 The Insensitivity of Consumption to News About Income
by Kenneth D. West
- 2251 Efficient "Myopic" Asset Pricing in General Equilibrium: A Potential Pitfall in Excess Volatility Tests
by Willem H. Buiter
- 2250 Capital Controls and the Timing of Exchange Regime Collapse
by Daekuen Park & Jeffrey Sachs
- 2249 Are Exchange Rates Excessively Variable?
by Jeffrey A. Frankel & Richard Meese
- 2248 Self-Selection and the Earnings of Immigrants
by George J. Borjas
- 2247 Intertemporal Constraints, Shadow Prices, and Financial Asset Values
by Robert S. Chirinko
- 2246 Implicit Taxation in Lottery Finance
by Charles T. Clotfelter & Philip J. Cook
- 2245 Home Ownership and Real House Prices: Sources of Change, 1965-85
by Patric H. Hendershott
- 2244 International Macroeconomic Policy Coordination
by Stanley Fischer
- 2243 Share Repurchases and Acquisitions: An Analysis of Which Firms Participate
by John B. Shoven & Laurie Blair Simon
- 2242 Accounting for Racial Differences in School Attendance in the American South, 1900: The Role of Separate-But-Equal
by Robert A. Margo
- 2241 Institutional Aspects of High Unemployment in the Federal Republic of Germany
by Michael C. Burda & Jeffrey D. Sachs
- 2240 Changing Patterns of International Investment In and By the United States
by Robert E. Lipsey
- 2239 A Generic Model of Monetary Policy, Inflation, and Reputation
by Herschel I. Grossman
- 2238 Constraints on the Choice of Work Hours: Agency vs. Specific-Capital
by Shulamit Kahn & Kevin Lang
- 2237 Intergenerational Transfers and Savings
by Laurence J. Kotlikoff
- 2236 Country Risk and Contingencies
by Joshua Aizenman
- 2235 International Competition in Services
by Rachel McCulloch
- 2234 The Social Security Cost of Smoking
by John B. Shoven & Jeffrey O. Sundberg & John P. Bunker
- 2233 Econometric Modeling as Information Aggregation
by Ray C. Fair & Robert J. Shiller
- 2232 Loan Commitments and Monetary Policy
by George Sofianos & Arie Melnik & Paul Wachtel
- 2231 The Marriage Tax is Down But Not Out
by Harvey S. Rosen
- 2230 Real-Financial Linkages Among Open Economies
by Sven W. Arndt & J. David Richardson
- 2229 Stochastic Trends and Economic Fluctuations
by Robert G. King & Charles I. Plosser & James H. Stock & Mark W. Watson
- 2228 Interpreting Evidence on Money-Income Causality
by James H. Stock & Mark W. Watson
- 2227 The Postwar Evolution of Computer Prices
by Robert J. Gordon
- 2226 Trade and Exchange Rate Policies in Growth-Oriented Adjustment Programs
by Jeffrey D. Sachs
- 2225 The Financial Impact of Social Security by Cohort Under Alternative Financing Assumptions
by Michael J. Boskin & Douglas J. Puffert
- 2224 Tax Deductibility and Municipal Budget Structure
by Douglas Holtz-Eakin & Harvey S. Rosen
- 2223 Household Saving and Permanent Income in Canada and the United Kingdom
by John Y. Campbell & Richard H. Clarida
- 2222 The Effect of Economic Events on Votes for President: 1984 Update
by Ray C. Fair
- 2221 Relative Wage Variability in the United States, 1860-1983
by Steven G. Allen
- 2220 Smuggler's Blues at the Central Bank: Lessons from Sudan
by William H. Branson & Jorge Braga de Macedo
- 2219 Discounting Rules for Risky Assets
by Stewart C. Myers & Richard S. Ruback
- 2218 The United States and Foreign Competition in Latin America
by Sebastian Edwards
- 2217 Have IRAs Increased U.S. Saving?: Evidence from Consumer Expenditure Surveys
by Steven F. Venti & David A. Wise
- 2216 Short-term and Long-Term Expectations of the Yen/Dollar Exchange Rate: Evidence from Survey Data
by Jeffrey A. Frankel & Kenneth A. Froot
- 2215 Capital Gains Taxes Under the Tax Reform Act of 1986: Revenue EstimatesUnder Various Assumptions
by Lawrence B. Lindsey
- 2214 Anticipated Protectionist Policies, Real Exchange Rates and the Current Account
by Sebastian Edwards & Jonathan D. Ostry
- 2213 Dynamic Optimization in Two-Party Models
by Warwick J. McKibbin & Nouriel Roubini & Jeffrey Sachs
- 2212 Measuring Market Power in U.S. Industry
by Matthew D. Shapiro
- 2211 Negotiator Behavior Under Arbitration
by David E. Bloom & Christopher L. Cavanagh
- 2210 International Capital Flows and Domestic Economic Policies
by Jeffrey A. Frankel
- 2209 The Permanent Income Hypothesis Revisited
by Lawrence J. Christiano & Martin Eichenbaum & David Marshall
- 2208 U.S. and Foreign Competition in the Developing Countries of the Asian Pacific Rim
by Robert E. Baldwin
- 2207 Economic Rents Derived from Hospital Privileges in the Market for Podiatric Services
by Richard G. Frank & Jonathan P. Weiner & Donald M. Steinwachs & David S. Salkever