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Content
1987
- 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
- 2206 International Adjustment Under the Classical Gold Standard: Evidence for the U.S. and Britain, 1879-1914
by Charles W. Calomiris & R. Glenn Hubbard
- 2205 Firm Size and R&D Intensity: A Re-Examination
by Wesley M. Cohen & Richard C. Levin & David C. Mowery
- 2204 Country Risk and the Organization of International Capital Transfer
by Jonathan Eaton & Mark Gersovitz
- 2203 Peso Problems, Bubbles, and Risk in the Empirical Assessment of Exchange-Rate Behavior
by Maurice Obstfeld
- 2202 Successful Adjustment in a Multi-Sectoral Economy
by Joshua Aizenman
- 2201 Imperfect Information and Staggered Price Setting
by Laurence Ball & Stephen G. Cecchetti
- 2200 Should Social Security Benefits Increase with Age?
by Martin Feldstein
- 2199 Why Was there Mandatory Retirement? or the Impossibility of Efficient Bonding Contracts
by Kevin Lang
- 2198 The Gold-Exchange Standard and the Great Depression
by Barry Eichengreen
- 2197 City Taxes and Property Tax Bases
by Katharine L. Bradbury & Helen F. Ladd
- 2196 Privatization, Information and Incentives
by David E. M. Sappington & Joseph E. Stiglitz
- 2195 The Importance of Economic Policy in Development: Contrasts Between Korea and Turkey
by Anne O. Krueger
- 2194 Incentives and Worker Behavior: Some Evidence
by Andrew Weiss
- 2193 Hegemonic Stability Theories of the International Monetary System
by Barry Eichengreen
- 2192 The Effects of Taxation on the Merger Decision
by Alan J. Auerbach & David Reishus
- 2191 The Effect of Takeover Activity on Corporate Research and Development
by Bronwyn H. Hall
- 2190 International Competition in the Products of U.S. Basic Industries
by Barry Eichengreen
- 2189 Pareto Efficient and Optimal Taxation and the New New Welfare Economics
by Joseph E. Stiglitz
- 2188 Money, Imperfect Information and Economic Fluctuations
by Bruce Greenwald & Joseph E. Stiglitz
- 2187 Existing Estimates, New Estimates, and New Interpretations of World War I and its Aftermath
by Christina D. Romer
- 2186 New Directions in the Relationship Between Public and Private Debt
by Benjamin M. Friedman
- 2185 Hiring Procedures in the Firm: Their Economic Determinants and Outcomes
by Harry J. Holzer
- 2184 Factors Affecting the Output and Quit Propensities of Production Workers
by Roger Klein & Richard H. Spady & Andrew Weiss
- 2183 Can People Compute? An Experimental Test of the Life Cycle Consumption Model
by Stephen Johnson & Laurence J. Kotlikoff & William Samuelson
- 2182 High Tech Trade Policy
by Kala Krishna
- 2181 Estimating Models with Intertemporal Substitution Using Aggregate Time Series Data
by Martin S. Eichenbaum & Lars Peter Hansen
- 2180 The Revenues-Expenditures Nexus: Evidence from Local Government Data
by Douglas Holtz-Eakin & Whitney K. Newey & Harvey S. Rosen
- 2179 Economic Liberalization and the Equilibrium Real Exchange rate in Developing Countries
by Sebastian Edwards
- 2178 The Theory and the Facts of How Markets Clear: Is Industrial Organization Valuable for Understanding Macroeconomics?
by Dennis W. Carlton
- 2177 Currency Incontrovertibility, Trade Taxes and Smuggling
by Jorge Braga de Macedo
- 2176 Carrots and Sticks: Pay, Supervision and Turnover
by Jonathan S. Leonard
- 2175 Tariffs, Terms of Trade, and the Real Exchange Rate in an Intertemporal Optimizing Model of the Current Account
by Sebastian Edwards
- 2174 Optimal Liability when the Injurer's Information about the Victim's Loss is Imperfect
by A. Mitchell Polinsky
- 2173 Measuring the Effect of Subsidized Training Programs on Movements In andOut of Employment
by David Card & Daniel Sullivan
- 2172 Public Debt Guarantees and Private Capital Flight
by Jonathan Eaton
- 2171 Are Prices Too Sticky?
by Laurence M. Ball & David Romer
- 2170 Alternative Compensation Arrangements and Productive Efficiency in Partnerships: Evidence from Medical Group Practice
by Martin Gaynor & Mark Pauly
- 2169 Permanent and Transitory Components in Macroeconomic Fluctuations
by John Y. Campbell & N. Gregory Mankiw
- 2168 Stock Market Prices Do Not Follow Random Walks: Evidence From a Simple Specification Test
by Andrew W. Lo & A. Craig MacKinlay
- 2167 Validating Hiring Criteria
by Andrew Weiss & Henry Landau
- 2166 Central Policies for Local Debt: The Case of Teacher Pensions
by Robert P. Inman & David J. Albright
- 2165 Project Appraisal and Foreign Exchange Constraints: A Simple Exposition
by Charles R. Blitzer & Partha Dasgupta & Joseph E. Stiglitz
- 2164 Macro-Economic Equilibrium and Credit Rationing
by Joseph E. Stiglitz & Andrew Weiss
- 2163 The International Monetary System: Should it be Reconsidered?
by Jacob A. Frenkel
- 2162 The Liberalization of the Current Capital Accounts and the Real ExchangeRate
by Sebastian Edwards
- 2161 Suing Solely to Extract a Settlement Offer
by Lucian Arye Bebchuk
- 2160 Keynesian, New Keynesian, and New Classical Economics
by Bruce C. Greenwald & Joseph E. Stiglitz
- 2159 Infant-Industry Protection Reconsidered: The Case of Informational Barriers to Entry
by Gene M. Grossman & Henrik Horn
- 2158 Finite Lifetimes, Borrowing Constraints, and Short-Run Fiscal Policy
by R. Glenn Hubbard & Kenneth L. Judd
- 2157 Money: Theoretical Analysis of the Demand for Money
by Bennett T. McCallum & Marvin S. Goodfriend
- 2156 The Development of Keynesian Macroeconomics
by Bennett T. McCallum
- 2155 Dynamic Factor Models of Consumption, Hours, and Income
by Joseph G. Altonji & Ana Paula Martins & Aloysius Siow
- 2154 Specification of the Joy of Giving: Insights from Altruism
by Andrew B. Abel & Mark Warshawsky
- 2153 Inflation Stabilization with Incomes Policy Support: A Review of the Experience in Argentina, Brazil and Israel
by Rudiger Dornbusch & Mario Henrique Simonsen
- 2152 Monopolistic Competition and Labor Market Adjustment in the Open Economy
by Joshua Aizenman
- 2151 The Dollar and Real Interest Rates
by John Y. Campbell & Richard H. Clarida
- 2150 Optimal Choice of Monetary Policy Instruments in a Macroeconometric Model
by Ray C. Fair
- 2149 The Life-Cycle Permanent-Income Model and Consumer Durables
by Avner Bar-Ilan & Alan S. Blinder
- 2148 Incentive Effects of Price Rises and Payment-System Changes on Chinese Agricultural Productivity Growth
by John McMillan & John Whalley & Zhu Li Jing
- 2147 Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?
by Matthew D. Shapiro
- 2146 Supply Shocks in Macroeconomics
by Matthew D. Shapiro
- 2145 Compensation and Firm Performance
by Ronald G. Ehrenberg & George T. Milkovich
- 2144 Recent Evidence on Budget Deficits and National Savings
by James M. Poterba & Lawrence H. Summers
- 2143 Money and the Consumption Goods Market in China
by Richard Portes & Anita Santorum
- 2142 Brazil's Tropical Plan
by Eliana A. Cardoso & Rudiger Dornbusch
- 2141 Saving and Investment in an Open Economy with Non-Traded Goods
by Charles Engel & Kenneth Kletzer
- 2140 The Real Effects of Foreign Inflation in the Presence of Currency Substitution
by Charles Engel
- 2139 Divergent Expectations as a Cause of Disagreement in Bargaining: Evidence from a Comparison of Arbitration Schemes."
by Henry S. Farber & Max H. Bazerman
- 2138 Our LDC Debts
by Rudiger Dornbusch
- 2137 Collective Bargaining and the Division of the Value of the Enterprise
by John M. Abowd
- 2136 Optimal Monetary Growth
by Andrew B. Abel
- 2135 Why Do Fixed-Effects Models Perform So Poorly? The Case of Academic Salaries
by Daniel S. Hamermesh
- 2134 Is Consumption Too Smooth?
by John Y. Campbell & Angus Deaton
- 2133 Monetary Growth, Inflation, and Economic Activity in a Dynamic Macro Model
by Stephen J. Turnovsky
- 2132 Should Tax Reform Level the Playing Field?
by Lawrence H. Summers
- 2131 New Estimates of State and Local Government Tangible Capital and Net Investment
by Michael J. Boskin & Marc S. Robinson & Alan M. Huber
- 2130 Fiscal Deficits, Exchange Rate Crises and Inflation
by Sweder van Wijnbergen
- 2129 Ultimate Sources of Aggregate Variability
by Robert J. Shiller
- 2128 Tax Policy, Asset Prices, and Growth: A General Equilibrium Analysis
by Lawrence H. Goulder & Lawrence H. Summers
- 2127 Neoclassical and Sociological Perspectives on Segmented Labor Markets
by Kevin Lang & William T. Dickens
- 2126 The Anatomy of Financial Crises
by Barry Eichengreen & Richard Portes
- 2125 The Response of Interest Rates to the Federal Reserve's Weekly Money Announcements: The "Puzzle" of Anticipated Money
by Richard Deaves & Angelo Melino & James E. Pesando
- 2124 The Adjustment of Expectations to a Change in Regime: A Study of the Founding of the Federal Reserve
by N. Gregory Mankiw & Jeffrey A. Miron & David N. Weil
- 2123 Alternative Modes of Deficit Financing and Endogenous Monetary and Fiscal Policy 1923-1982
by Stephen J. Turnovsky
- 2122 How Far Has the Dollar Fallen?
by Philippe Bacchetta & Martin Feldstein
- 2121 Labor Supply Preferences, Hours Constraints, and Hours-Wage Tradeoffs
by Joseph G. Altonji & Christina H. Paxson
- 2120 Household Behavior and the Tax Reform Act of 1986
by Jerry A. Hausman & James M. Poterba
- 2119 Tax Evasion and Capital Gains Taxation
by James M. Poterba
- 2118 Why Have Corporate Tax Revenues Declined?
by Alan J. Auerbach & James M. Poterba
- 2117 Social Security and the American Family
by Michael J. Boskin & Douglas J. Puffert
- 2116 Testing for Real Effects of Monetary Policy Regime Shifts
by Carl E. Walsh
1986
- 2115 Market Structure and Cyclical Fluctuations in U.S. Manufacturing
by Ian Domowitz & R. Glenn Hubbard & Bruce C. Petersen
- 2114 A Note on Optimal Public Enforcement with Settlements and Litigation Costs
by A. Mitchell Polinsky & Daniel L. Rubinfeld
- 2113 A Guide to Target Zones
by Jacob A. Frenkel & Morris Goldstein
- 2112 Sources of Output and Price Variability in a Macroeconometric Model
by Ray C. Fair
- 2111 The Other Side of the Trade Imbalance: What Will Japan Do?
by Ryuzo Sato & John A. Rizzo
- 2110 Terms of Trade, Exchange Rates and Labor Markets Adjustment in Developing Countries
by Sebastian Edwards
- 2109 Real Business Cycles and the Lucas Paradigm
by Richard T. Froyen & Roger N. Waud
- 2108 Unions and Job Security in the Public Sector
by Steven G. Allen
- 2107 Regional Effects of Taxes in Canada: An Applied General Equilibrium Approach
by Rich Jones & John Whalley
- 2106 International Evidence on the Demand for Money
by Ray C. Fair
- 2105 Interest Rate and Exchange Rate Determination
by Ray C. Fair
- 2104 Married Women's Retirement Behavior
by Silvana Pozzebon & Olivia S. Mitchell
- 2103 Tax Reform and Adjustment Costs: The Impact on Investment and Market Value
by Alan J. Auerbach
- 2102 A Standard Monetary Model and the Variability of the Deutschemark-DollarExchange Rate
by Kenneth D. West
- 2101 Did Henry Ford Pay Efficiency Wages?
by Daniel M.G. Raff & Lawrence H. Summers
- 2100 The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors
by John Y. Campbell & Robert J. Shiller
- 2099 The Record and Improvability of Economic Forecasting
by Victor Zarnowitz
- 2098 Real Estate and the Tax Reform Act of 1986
by Patric H. Hendershott & James R. Follain & David C. Ling
- 2097 Assessing Dynamic Efficiency: Theory and Evidence
by Andrew B. Abel & N. Gregory Mankiw & Lawrence H. Summers & Richard J. Zeckhauser
- 2096 Amnesty, Enforcement and Tax Policy
by Herman B. Leonard & Richard J. Zeckhauser
- 2095 Forecasting the Depression: Harvard Versus Yale
by Ray C. Fair & Matthew D. Shapiro & Kathryn M. Dominguez
- 2094 Tax Policy and Stock Prices
by Thomas Downs & Patric H. Hendershott
- 2093 Imperfect Information, Credit Markets and Unemployment
by Bruce C. Greenwald & Joseph E. Stiglitz
- 2092 Firm Size and Foreign Direct Investment
by Magnus Blomstrom & Robert E. Lipsey
- 2091 New Developments in Corporate Finance and Tax Avoidance: Some Evidence
by John B. Shoven
- 2090 Comparable Worth in a General Equilibrium Model of the U.S. Economy
by Perry C. Beider & B. Douglas Bernheim & Victor R. Fuchs & John B. Shoven
- 2089 Employee Response to Compulsory Short-Time Work
by Victor R. Fuchs & Joyce P. Jacobsen
- 2088 A Constant Recontracting Model of Sovereign Debt
by Jeremy I. Bulow & Kenneth Rogoff
- 2087 Does the Estate Tax Raise Revenue?
by B. Douglas Bernheim
- 2086 Is Everything Neutral?
by B. Douglas Bernheim & Kyle Bagwell
- 2085 Growing in Debt: The 'Farm Crisis' and Public Policy
by Charles W. Calomiris & R. Glenn Hubbard & James H. Stock
- 2084 Optimal Monetary Growth with Accomodating Fiscal Policy in a Small Open Economy
by Stephen J. Turnovsky
- 2083 The Value of Patents as Indicators of Inventive Activity
by Zvi Griliches & Ariel Pakes & Bronwyn H. Hall
- 2082 Tobin's Q and Financial Policy
by Robert S. Chirinko
- 2081 The Export Performance of Swedish and U.S. Multinationals
by Magnus Blomstrom & Robert E. Lipsey
- 2080 Deficits with Distortionary Taxes: International Dimensions
by Jacob A. Frenkel & Assaf Razin
- 2079 Why did the Bank of Canada Emerge in 1935?
by Michael D. Bordo & Angela Redish
- 2078 Contractionary Devaluation, and Dynamic Adjustment of Exports and Wages
by Felipe Larrain & Jeffrey Sachs
- 2077 International Finance
by Maurice Obstfeld
- 2076 International Debt Service and Economic Growth: Some Simple Analytics
by Martin Feldstein
- 2075 How Integrated are World Capital Markets? Some New Tests
by Maurice Obstfeld
- 2074 The Global Velocity Curve 1952-1982
by Michael D. Bordo & Lars Jonung
- 2073 The Bolivian Hyperinflation and Stabilization
by Jeffrey Sachs
- 2072 Increasing Indebtedness and Financial Stability in the United States
by Benjamin M. Friedman
- 2071 Exchange Rate Economics: 1986
by Rudiger Dornbusch
- 2070 Productivity, Wages, and Prices Inside and Outside of Manufacturing in the U.S., Japan, and Europe
by Robert J. Gordon
- 2069 Individual Taxpayer Response to Tax Cuts 1982-1984 with Implications forthe Revenue Maximizing Tax Rate
by Lawrence B. Lindsey
- 2068 Laws as Assets: A Possible Solution to the Time Consistency Problem
by Laurence J. Kotlikoff & Torsten Persson & Lars E.O. Svensson
- 2067 A Specification Test for Speculative Bubbles
by Kenneth D. West
- 2066 Forecasting Recessions Under the Gramm-Rudman-Hollings Law
by Victor Zarnowitz & Geoffrey H. Moore
- 2065 Fiscal Policies and Real Exchange Rates in the World Economy
by Jacob A. Frenkel & Assaf Razin
- 2064 The Economic Consequences of the Franc Poincare
by Barry Eichengreen & Charles Wyplosz
- 2063 Trends and Deviations in Federal, State and Local Finance
by Jeffrey S. Zax
- 2062 The Effects of Fiscal Policies When Incomes are Uncertain: A Contradiction to Ricardian Equivalence
by Martin Feldstein
- 2061 Debt Problems and Macroeconomic Policies
by Lawrence H. Summers
- 2060 Optimal Labor Contracts, Imperfect Competition and Underemployment Equilibria: A Framework for Analysis
by Russell Cooper
- 2059 International Macroeconomic Policy Coordination When Policy-Makers Disagree on the Model
by Jeffrey A. Frankel & Katharine Rockett
- 2058 Structural Change and Patterns of International Trade
by Robert E. Baldwin
- 2057 Business Cycles and Oligopoly Supergames: Some Empirical Evidence on Prices and Margins
by Ian Domowitz & R. Glenn Hubbard & Bruce C. Petersen
- 2056 The Demand for Workers and Hours and the Effects of Job Security Policies: Theory and Evidence
by Daniel S. Hamermesh
- 2055 Management Ownership and Corporate Performance: An Empirical Analysis
by Randall Morck & Andrei Shleifer & Robert W. Vishny
- 2054 A Test of International CAPM
by Charles Engel & Anthony P. Rodrigues
- 2053 Is Debt Neutral in the Life Cycle Model?
by Laurence J. Kotlikoff
- 2052 New Evidence on the Effects of Exchange Rate Intervention
by Martin Feldstein
- 2051 The Competitiveness and Comparative Advantage of U.S. Multinationals, 1957-1983
by Robert E. Lipsey & Irving B. Kravis
- 2050 Investment and Sales: Some Empirical Evidence
by Andrew B. Abel & Olivier J. Blanchard
- 2049 Location Decisions of the New Immigrants to the United States
by Ann P. Bartel
- 2048 The Intra-Daily Exchange Rate Dynamics and Monetary Policies After the G5 Agreement
by Takatoshi Ito
- 2047 Why Don't the Prices of Stocks and Bonds Move Together?
by Robert B. Barsky
- 2046 Capital Accumulation and Annuities in an Adverse Selection Economy
by Martin S. Eichenbaum & Dan S. Peled
- 2045 Alternative Liberalization Strategies
by Robert E. Baldwin
- 2044 Empirical Structural Evidence on Wages, Prices and Employment in the US
by Olivier J. Blanchard
- 2043 International Capital Mobility in Developing Countries vs. Industrial Countries: What do Saving-Investment Correlations Tell Us?
by Jeffrey A. Frankel & Michael P. Dooley & Donald Mathieson
- 2042 Optimal Monetary Policy and Wage Indexation Under Alternative Disturbances and Information Structures
by Stephen J. Turnovsky
- 2041 Fiscal Prerequisites for a Viable Managed Exchange Rate Regime: A Non-technical Eclectic Introduction
by Willem H. Buiter
- 2040 The Importance of Local Fiscal Conditions in Analyzing Local Labor Markets
by Joseph Gyourko & Joseph S. Tracy
- 2039 Seniority Rules and the Gains from Union Organization
by Joseph S. Tracy
- 2038 International Oligopoly and Asymmetric Labour Market Institutions
by James A. Brander & Barbara J. Spencer
- 2037 Wages, Employment, Training and Job Attachment in Low Wage Labor Marketsfor Women
by Alan L. Gustman & Thomas L. Steinmeier
- 2036 Pensions, Unions and Implicit Contracts
by Alan L. Gustman & Thomas L. Steinmeier
- 2035 Hysteresis in Unemployment
by Olivier J. Blanchard & Lawrence H. Summers
- 2034 Fiscal Increasing Returns, Hysteresis, Real Wages and Unemployment
by Olivier J. Blanchard & Lawrence H. Summers
- 2033 Investment, Tobin's Q, and Multiple Capital Inputs
by Robert S. Chirinko
- 2032 Consumption and Government-Budget Finance in a High-Deficit Economy
by Leonardo Leiderman & Assaf Razin
- 2031 Country Risk and Incentives Schemes
by Joshua Aizenman
- 2030 The Impact of Medicare's Prospective Payment System on Psychiatric Patients Treated in Scatterbeds
by Richard G. Frank & Judith R. Lave & Carl A. Taube & Agnes Rupp & Howard H. Goldman
- 2029 Dividend and Share Changes: Is There a Financing Hierarchy?
by Robert L. McDonald & Naomi Soderstrom
- 2028 Immigrants, Minorities, and Labor Market Competition
by George J. Borjas
- 2027 Death, Population Growth, Productivity Growth and Debt Neutrality
by Willem H. Buiter
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