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NBER Working Papers
Paper Author(s) Title
10750 Roberto Rigobon Rule of Law, Democracy, Openness,
Dani Rodrik and Income: Estimating the
Interrelationships
10751 Ricardo Hausmann The Long-Run Volatility Puzzle
Ugo Panizza of the Real Exchange Rate
Roberto Rigobon
10752 Robert W. Fogel High Performing Asian Economies
10753 John Joseph Wallis Sovereign Debt and Repudiation: The
Richard E. Sylla Emerging-Market Debt Crisis in the
Arthur Grinath III U.S. States, 1839-1843
10754 Steven Shavell The Appeals Process and Adjudicator
10755 Markus Brunnermeier Predatory Trading
Lasse Heje Pedersen
10756 Pierre Collin-Dufresne Can Interest Rate Volatility be
Robert S. Goldstein Extracted from the Cross Section
Christopher S. Jones of Bond Yields?
10757 Kanika Kapur Socioeconomic Status and Medical
Jeannette A. Rogowski Care Expenditures in Medicare
Vicki A. Freedman Managed Care
Steven L. Wickstrom
John L. Adams
Jose J. Escarce
10758 Richard A. Jensen Patent Licensing and the Research
Marie C. Thursby University
10759 Isaac Ehrlich Explaining Diversities in Age-
Yong Yin Specific Life Expectancies and
Values of Life Saving: A Numerical
Analysis
10760 A. Mitchell Polinsky Optimal Fines and Auditing When
Wealth is Costly to Observe
10761 A. Mitchell Polinsky The Optimal Use of Fines and
Imprisonment When Wealth is
Unobservable
10762 Nancy E. Reichman Effects of Child Health on Sources
Hope Corman of Public Support
Kelly Noonan
10763 David Autor Will Job Testing Harm Minority
David Scarborough Workers?
10764 Thomas Sargent Shocks and Government Beliefs: The
Noah Williams Rise and Fall of American Inflation
Tao Zha
10765 Jeremy Greenwood Technological Progress and Economic
Ananth Seshadri Transformation
10766 Ross Levine Finance and Growth: Theory and
Evidence
10767 Charles I. Jones Growth and Ideas
10768 Barry Eichengreen The Impact of China on the Exports
Yeongseop Rhee of Other Asian Countries
Hui Tong
10769 Manish Pandey Social Networks and Trade
John Whalley Liberalization
10770 Marcin Kacperczyk On the Industry Concentration of
Clemens Sialm Actively Managed Equity Mutual
Lu Zheng Funds
10771 Boyan Jovanovic The Pre-Producers
10772 Jeremy Greenwood Marriage and Divorce since World
Nezih Guner War II: Analyzing the Role of
Technological Progress on the
Formation of Households
10773 Sara B. Moeller Do Acquirers With More Uncertain
Frederik P. Schlingemann Growth Prospects Gain Less From
Rene M. Stulz Acquisitions?
10774 Christopher R. Knittel Compatibility and Pricing with
Victor Stango Indirect Network Effects: Evidence
from ATMs
10775 Edward Glaeser Corruption and Reform: An
Claudia Goldin Introduction
10776 Paul Beaudry When Can Changes in Expectations
Franck Portier Cause Business Cycle Fluctuation
in Neo-Classical Settings?
10777 Jeffrey R. Kling Neighborhood Effects on Crime for
Jens Ludwig Female and Male Youth: Evidence
Lawrence F. Katz from a Randomized Housing Voucher
Experiment
10778 Carol H. Shiue Markets in China and Europe on the
Wolfgang Keller Eve of the Industrial Revolution
10779 Courtney C. Coile Bulls, Bears, and Retirement
Phillip B. Levine Behavior
10780 Graciela L. Kaminsky When it Rains, it Pours:
Carmen M. Reinhart Procyclical Capital Flows
Carlos A. Vegh and Macroeconomic Policies
10781 Robert Dekle Financing Consumption in an Aging
Japan: The Role of Foreign Capital
Inflows Immigration
10782 Jeffrey R. Brown Supply or Demand: Why is the Market
Amy Finkelstein for Long-Term Care Insurance So
Small?
10783 Bruce A. Blonigen Working the System: Firm Learning
and the Antidumping Process
10784 David S. Johnson Household Expenditure and the
Jonathan A. Parker Income Tax Rebates of 2001
Nicholas S. Souleles
10785 Mihir A. Desai The Comovement of Returns and
C. Fritz Foley Investment Within the Multinational
Firm
10786 Ricardo J. Caballero Contingent Reserves Management: An
Stavros Panageas Applied Framework
10787 Alan S. Blinder What Does the Pubic Know about
Alan B. Krueger Economic Policy, and How Does
It Know It?
10788 Silvia Ardagna Fiscal Discipline and the Cost of
Francesco Caselli Public Debt Service: Some Estimates
Timothy Lane for OECD Countries
10789 Li Gan Subjective Mortality Risk and
Guan Gong Bequests
Michael Hurd
Daniel McFadden
10790 Enrique G. Mendoza Putting the Brakes on Sudden Stops:
Ceyhun Bora Durdu The Financial Frictions-Moral
Hazard Tradeoff of Asset Price
Guarantees
10791 Matthew Gentzkow The Rise of the Fourth Estate: How
Edward L. Glaeser Newspapers Became Informative and
Claudia Goldin Why it Mattered
10792 Mikhail Golosov Designing Optimal Disability
Aleh Tsyvinski Insurance: A Case for Asset Testing
10793 Jeremy Greenwood New Goods and the Transition to a
Gokce Uysal New Economy
10794 Lily Qiu Investor Sentiment Measures
Ivo Welch
10795 Orley Ashenfelter Anatomy of the Rise and Fall of a
Kathryn Graddy Price-Fixing Conspiracy: Auctions
at Sotheby's and Christie's
10796 Ted Joyce The Changing Association Between
Diane Gibson Prenatal Participation in WIC and
Silvie Colman Birth Outcomes in New York City
10797 Stephen Coate The Performance of the Pivotal-
Michael Conlin Voter Model in Small-Scale
Andrea Moro Elections: Evidence from Texas
10798 Hans-Werner Sinn Migration, Social Standards
and Replacement Incomes: How to
Protect Low-Income Workers in the
Industrialized Countries Against
the Forces of Globalization and
Market Integration
10799 Jose Escarce Healthcare Markets, the Safety
Carole Roan Gresenz Net, and Access to Care Among
Jeanette A. Rogowski the Uninsured
10800 Muhammed Dalgin Inequality, Nonhomothetic
Devashish Mitra Preferences, and Trade:
Vitor Trindade A Gravity Approach
10801 Gary D. Libecap Transaction Costs: Valuation
Disputes, Bi-Lateral Monopoly
Bargaining, and Third-Party
Effects in Water Rights Exchanges:
The Owens Valley Transfer to Los
Angeles
10802 Maryann Feldman Jurisdictional Advantage
Roger Martin
10803 Christopher Avery A Revealed Preference Ranking of
Mark Glickman U.S. Colleges and Universities
Caroline Hoxby
Andrew Metrick
10804 Christian A.L. Hilber Why Do Households Without Children
Christopher J. Mayer Support Local Public Schools?
10805 Robert P. Flood Estimating the Expected Marginal
Andrew K. Rose Rate of Substitution: Exploiting
Idiosyncratic Risk
10806 Mihir A. Desai Economic Effects of Regional Tax
C. Fritz Foley Havens
James R. Hines Jr.
10807 Ulrike Malmendier CEO Overconfidence and Corporate
Geoffrey Tate Investment
10808 Mary Amiti Fear of Service Outsourcing: Is It
Shang-Jin Wei Justified?
10809 Daniel S. Hamermesh The Effect of College Curriculum
Stephen G. Donald on Earnings: Accounting for Non-
Ignorable Non-Response Bias
10810 Courtney C. Coile Health Shocks and Couples' Labor
Supply Decisions
10811 Amitabh Chandra Testing a Roy Model with
Douglas Staiger Productivity Spillovers:
Evidence from the Treatment
of Heart Attacks
10812 Ulrike Malmendier Are Investors Naive About
Devin Shanthikumar Incentives?
10813 Ulrike Malmendier Who Makes Acquisitions?
Geoffrey Tate CEO Overconfidence and
the Market's Reaction
10814 Viral V Acharya Asset Pricing with Liquidity Risk
Lasse Hele Pedersen
10815 Li Gan Efficiency of Thin and Thick
Qi Li Markets
10816 Darrell Duffie Over-the-Counter Markets
Nicolae Garleanu
Lass Heje Pedersen
10817 David E. Bloom Global Demographic Change:
David Canning Dimensions and Economic
Significance
10818 Takatoshi Ito Inflation Targeting and Japan: Why
has the Bank of Japan not Adopted
Inflation Targeting?
10819 Ulrike Malmendier Overestimating Self-Control:
Stefano DellaVigna Evidence from the Health Club
Industry
10820 Ravi Bansal Dynamic Trading Strategies and
Magnus Dahlquist Portfolio Choice
Campbell R. Harvey
10821 Edward L. Glaeser Corruption in America
Raven Saks
10822 Ernst R. Berndt Assessing the Impacts of the
Adrian H. B. Gottschalk Prescription Drug User Fee Acts
Tomas Philipson (PDUFA) on the FDA Approval Process
Matthew W. Strobeck
10823 Malcolm Baker Pseudo Market Timing and Predictive
Rvan Taliaferro Regressions
Jeffrey Wurgler
10824 Denise Mauzerall Charging Nox Emitters for Health
Babar Sultan Damages: An Exploratory Analysis
Namsoug Kim
David F. Bradford
10825 Daniel P. Kessler Empirical Study of the Civil
Daniel L. Rubinfeld Justice System
10826 Pravin Krishna Reciprocated Unilateralism in Trade
Devashish Mitra Reforms with Majority Voting
10827 Andres Velasco Monetary Policy and the Currency
Roberto Chang Denomination of Debt: A Tale of
Two Equilibria
10828 Francesco Caselli Accounting for Cross-Country Income
Differences
10829 Frederic S. Mishkin Can Central Bank Transparency Go
Too Far?
10830 Robert C. Feenstra Export Variety and Country
Hiau Looi Kee Productivity
10831 Michael J. Geske Why Do Computers Depreciate?
Valerie A. Ramey
Matthew D. Shapiro
10832 Nicola Cetorelli Finance as a Barrier to Entry: Bank
Philip E. Strahan Competition and Industry Structure
in Local U.S. Markets
10833 Michael D. Bordo Deflation and Monetary Policy in a
Andrew Filardo Historical Perspective: Remembering
the Past or Being Condemned to
Repeat it?
10834 Michael D. Bordo Keeping Capital Flowing: The Role
Ashoka Mody of the IMF
Nienke Oomes
10835 Edward L. Glaeser Strategic Extremism: Why
Giacomo A. M. Ponzetto Republicans and Democrats
Jesse M. Shapiro Divide on Religious Values
10836 Brian R. Copeland Trade, Tragedy, and the Commons
M. Scott Taylor
10837 Stefano DellaVigna Job Search and Impatience
M. Daniele Paserman
10838 Pierpaolo Benigno Inflation Stabilization and
Michael Woodford Welfare: The Case of a Distorted
Steady State
10839 Pierpaolo Benigno Optimal Stabilization Policy When
Michael Woodford Wages and Prices are Sticky: The
Case of a Distorted Steady State
10840 Gauti B. Eggertsson Optimal Monetary and Fiscal Policy
Michael Woodford in a Liquidity Trap
10841 Raj Chetty Dividend Taxes and Corporate
Emmanuel Saez Behavior: Evidence from the
2003 Dividend Tax Cut
10842 Jonathan Skinner The Measurement and Evolution of
Weiping Zhou Health Inequality: Evidence from
the U.S. Medicare Population
10843 Maurice Obstfeld External Adjustment
10844 Eric D. Gould Does Immigration Affect the Long-
Victor Lavy Term Educational Outcomes of
M. Daniele Paserman Natives? Quasi-Experimental
Evidence
10845 Raghuram C. Rajan Dollar Shortages and Crises
10846 Antonio Fatas Quantitative Goals for Monetary
Ilian Mihov Policy
Andrew K. Rose
10847 Edward J. Kane Charles Kindleberger: An
Impressionist in a Minimalist World
10848 Willem H. Buiter The Elusive Welfare Economics of
Price Stability as a Monetary
Policy Objective
10849 Maurice Obstfeld Globalization, Macroeconomic
Performance, and the Exchange
Rates of Emerging Economies
10850 William M. Gentry Do Stock Prices Really Reflect
Charles M. Jones Fundamental Values? The Case
Christopher J. Mayer of REITs
10851 James Poterba The Impact of Population Aging on
Financial Markets
10852 Andrew Ang The Cross-Section of Volatility
Robert J. Hodrick and Expected Returns
Yuhang Ring
Xiaoyan Zhang
10853 Francine D. Blau The U.S. Gender Pay Gap in the
Lawrence M. Kahn 1990s: Slowing Convergence
10854 William A. Brock Economic Growth and the
M. Scott Taylor Environment: A Review of
Theory and Empirics
10855 Robert Barsky Oil and the Macroeconomy Since the
Lutz Kilian 1970s
10856 Takatoshi Ito Microstructure of the Yen/Dollar
Yuko Hashi Foreign Exchange Market: Patterns
of Intra-day Activity in the
Electronic Broking System
10857 Robert C. Feenstra Re-Assessing the U.S. Quality
Christopher R. Knittel Adjustment to Computer Prices:
The Role of Durability and
Changing Software
10858 Joel Slemrod The Economics of Corporate Tax
Selfishness
10859 Alberto Abadie Poverty, Political Freedom,
and the Roots of Terrorism
10860 Kevin Milligan Life-Cycle Asset Accumulation
and Allocation in Canada
10861 Jeff DeSimone Compensating Wage Differentials
Edward J. Schumacher and AIDS Risk
10862 Susann Rohwedder Increases in Wealth among the
Steven J. Haider Elderly in the Early 1990s: How
Michael D. Hurd Much is Due to Survey Design?
10863 Malcolm Baker Behavioral Corporate Finance: A
Richard S. Ruback Survey
Jeffrey Wurgler
10864 Assaf Razin Fixed Costs and FDI: The
Yona Rubinstein Conflicting Effects of
Efraim Sadka Productivity Shocks
10865 Patrick Bayer An Equilibrium -Model of Sorting
Robert McMillan in an Urban Housing Market
Kim Rueben
10866 Robert C. Feenstra Estimating Real Production and
Alan Heston Expenditures Across Nations: A
Marcel P. Timmer Proposal for Improving the Penn
Haiyan Deng World Tables
10867 Christopher Carroll Theoretical Foundation of Buffer
Stock Saving
10868 Elizabeth Brainerd Autopsy on an Empire: Understanding
David M. Cutler Mortality in Russia and the Former
Soviet Union
10869 Maurice Obstfeld The Unsustainable U.S. Current
Kenneth Rogoff Account Position Revisited
10870 Howard Kunreuther Policy Watch: Challenges for
Erwann Michel-Kerjan Terrorism Risk Insurance in
the United States
10871 Patrick Bayer Tiebout Sorting, Social
Fernando Ferreira Multipliers, and the
Robert McMillan Demand for School Quality
10872 Anusha Chari Acquiring Control in Emerging
Paige P. Ouimet Markets: Evidence from the
Linda L. Tesar Stock Market
10873 Melissa A. Thomasson From Home to Hospital:
Jaret Treber The Evolution of Childbirth
in the United States, 1927-1940
10874 Rafael Rob Piracy on the High C's: Music
Joel Waldfogel Downloading, Sales Displacement,
and Social Welfare in a Sample
of College Students
10875 James D. Adams Standing on Academic Shoulders:
J. Roger Clemmons Measuring Scientific Influence
Paula E. Stephan in Universities
10876 Alan L. Gustman Minimum Hours Constraints, Job
Thomas L. Steinmeier Requirements, and Retirement
10877 Juan Carlos Hallak Product Quality, Linder, and the
Direction of Trade
10878 Takatoshi Ito Two Decades of Japanese Monetary
Frederic S. Mishkin Policy and the Deflation Problem
10879 Paul Willen Educational Opportunity and Income
Igal Hendel Inequality
Joel Shapiro
10880 David Popp R&D Subsidies and Climate Policy:
Is There a "Free Lunch"?
10881 Richard G. Frank Behavioral Economics and Health
Economics
10882 Olivia S. Mitchell Aged-Care Support in Japan:
John Piggott Perspectives and Challenges
Satoshi Shimizutani
10883 Ricardo Reis Inattentive Consumers
10884 Frank R. Lichtenberg The Effect of Drug Vintage on
Survival: Micro Evidence from
Puerto Rico's Medicaid Program
10885 David W. Galenson One-Hit Wonders: Why Some of the
Most Important Works of Modern Art
Are Not By Important Artists
10886 William A. Hutchinson The Impace of the Civil War on
Robert A. Margo Capital Intensity and Labor
Productivity in Southern
Manufacturing
10887 Meghan Busse $1000 Cash Back: Asymmetric
Florian Zettelmeyer Information in Auto Manufacturer
Jorge Silva-Risso Promotions
10888 Arthur Kennickell Disentangling the Importance of the
Annamaria Lusardi Precautionary Saving Mode
10889 Matthew B. Canzoneri The Cost of Nominal Inertia in NNS
Robert E. Cumby Models
Behzad T. Diba
10890 Isaac Ehrlich The Dynamics of Income, Schooling,
Jinyoung Kim and Fertility Distributions Over
the Course of Economic Development:
A Human Capital Perspective
10891 Peter M. DeMarzo Bidding with Securities: Auctions
Ilan Kremer and Security Design
Andrzej Skrzypacz
10892 Casey B. Mulligan The Closing Gender Gap as a Roy
Yona Rubinstein Model Illusion
10893 Giovanni Peri Catching-Up to Foreign Technology?
Dieter Urban Evidence on the "Veblen-
Gerschenkron" Effect of Foreign
Investments
10894 Bruce Sacerdote What Happens When We Randomly
Assign Children to Families?
10895 Dae-Wook Kim Biases in Static Oligopoly Models?
Christopher R. Knittel Evidence from the California
Electricity Market
10896 John E Helliwell Well-Being and Social Capital: Does
Suicide Pose a Puzzle?
10897 Jacques Mairesse The Importance of R&D for
Pierre Mohnen Innovation: A Reassessment
Using French Survey Data
10898 Andrew B. Bernard Is Mexico A Lumpy Country?
Raymond Robertson
Peter K. Schott
10899 Kala Krishna Unbalanced Growth
Cesar A. Perez
10900 Naomi R. Lamoreaux Corporate Governance and the Plight
Jean-Laurent Rosenthal of Minority Shareholders in the
United States Before the Great
Depression
10901 Bronwyn H. Hall Uncovering GPTS with Patent Data
Manuel Trajtenberg
10902 Dora L. Costa Race and Older Age Mortality:
Evidence from Union Army Veterans
10903 Craig Burnside Hiccups for HIPCs?
Domenico Fanizza
10904 Gianmarco I.P. Ottaviano The Economic Value of Cultural
Giovanni Peri Diversity: Evidence from U.S.
Cities
10905 Alan L. Gustman The Social Security Retirement
Thomas L. Steinmeier Earnings Test, Retirement, and
Benefit Claiming
10906 Greg Colman Vertical Equity Consequences of
Dahlia K. Remler Very High Cigarette Tax Increases:
If the Poor are the Ones Smoking,
How Could Cigarette Tax Increases
be Progressive?
10907 Jeffrey A. Frankel Managing Macroeconomic Crises
Shang-Jin Wei
10908 Stephen G. Cecchetti Deposit Insurance and External
Stefan Krause Finance
10909 Nobuhiro Kiyotaki Land Prices and Business Fixed
Kenneth D. West Investment in Japan
10910 Boyan Jovanovic The Product Cycle and Inequality
10911 Sandra E. Black Fast Times at Ridgemont High? The
Paul J. Devereaux Effect of Compulsory Schooling Laws
Kjell Salvanes on Teenage Births
10912 Pedro Santa-Clara Jump and Volatility Risk and Risk
Shu Yan Premia: A New Model and Lessons
from S&P 500 Options
10913 Eric Ghysels There is a Risk-Return Tradeoff
Pedro Santa-Clam After All
Rossen Valkanov
10914 Eric Ghysels Predicting Volatility: Getting the
Pedro Santa-Clara Most out of Return Data Sampled at
Rossen Valkanov Different Frequencies
10915 Julio J. Rotemberg Fair Pricing
10916 William A. Brock Model Uncertainty and Policy
Steven N. Durlauf Evaluation: Some Theory and
Kenneth D. West Empirics
10917 Ronald Lee Stochastic Infinite Horizon
Timothy Miller Forecasts for Social Security
Michael Anderson and Related Studies
10918 Janice Compton Why Are Power Couples Increasingly
Robert A. Pollak Concentrated in Large Metropolitan
Areas?
10919 David E. Bloom The Effect of Improvements in
David Canning Health and Longevity on Optimal
Michael Moore Retirement and Saving
10920 Karen Norberg Partnership Status and the Human
Sex Ratio at Birth
10921 Charles I. Jones The Steady-State Growth Theorem:
Dean Scrimgeour A Comment on Uzawa (1961)
10922 Diego Comin Diverging Trends in Macro and Micro
Sunil Mulani Volatility: Facts
10923 Naomi R. Lamoreaux Financing Invention During the
Margaret Levenstein Second Industrial Revolution:
Kenneth L. Sokoloff Cleveland, Ohio, 1870-1920
10924 John Landon-Lane Monetary Policy and Regional
Hugh Rockoff Interest Rates in the United
States, 1880-2002
10925 Jun Pan The Information of Option Volume
Allen Poteshman for Future Stock Prices
10926 Gadi Barlevy The Cost of Business Cycles and the
Benefits of Stabilization: A Survey
10927 Allan Drazen Can Public Discussion Enhance
Peter Isard Program Ownership?
10928 Allan Drazen Political Contribution Caps and
Nuno Lamao Lobby Formation: Theory and
Thomas Stratman Evidence
10929 Raymond Fisman Regulation of Entry and the
Virginia Sarria-Allende Distortion of Industrial
Organization
10930 Mark Duggan The Distortionary Effects of
Fiona Scott-Morton Government Procurement: Evidence
from Medicaid Prescription Drug
Purchasing
10931 Ann Dryden Witte The Structure of Early Care and
Marisol Trowbridge Education in the United States:
Historical Evolution and
International Comparisons
10932 Edward P Lazear Speeding, Tax Fraud, and Teaching
to the Test
10933 Ilan Guedj Organizational Scope and
David Scharfstein Investment: Evidence from the
Drug Development Strategies and
Performance of Biopharmaceutical
Firms
10934 Michael W. Brandt A Simulation Approach to Dynamic
Amit Goyal Portfolio Choice with an
Pedro Santa-Clara Application to Learning About
Jonathan Stroud Return Predictability
10935 Nada Eissa Evaluation of Four Tax Reforms in
Henrik Jacobsen Kleven the United States: Labor Supply and
Claus Thustrup Kreiner Welfare Effects for Single Mothers
10936 James R. Hines Do Tax Havens Flourish?
10937 Hyunbae Chun Patterns of Comovement: The Role of
Jung-Wook Kim Information Technology in the U.S.
Jason Lee Economy
Randall Morck
10938 James Harrigan Lost Decade in Translation: Did the
Kenneth Kuttner U.S. Learn from Japan's Post-Bubble
Mistakes?
10939 Bruce A. Blonigen FDI in Space: Spatial
Ronald B. Davies Autoregressive Relationship
Glen R. Waddell in Foreign Direct Investment
Helen T. Naughton
10940 Enrique G. Mendoza Quantitative Implications of a
Katherine A. Smith Debt-Deflation Theory of Sudden
Stops and Asset Prices
10941 Fernando A. Broner When In Peril, Retrench: Testing
R. Gaston Gelos the Portfolio Channel of Contagion
Carmen Reinhart
10942 Eswar S. Prasad Financial Globalization, Growth,
Kenneth S. Rogoff and Volatility in Developing
Shang-Jin Wei Countries
M. Ayhan Kose
10943 Xinyu Hua Information and Externalities in
Kathryn E. Spier Sequential Litigation
10944 Randall Morck How to Eliminate Pyramidal Business
Groups--The Double Taxation of
Inter-Corporate Diviends and Other
Incisive Uses of Tax Policy
10945 John F. Helliwell Demographic Changes and
International Factor Mobility
10946 Robert Bornholz Measuring Disparate Impacts and
James J. Heckman Extending Disparate Impact Doctrine
to Organ Transplantation
10947 Nicola Persico Using Hit Rate Tests to Test for
Petra Todd Racial Bias in Law Enforcement:
Vehicle Searches in Wichita
10948 Michael Grossman Individual Behaviors and Substance
Use: The Role of Price
10949 Michael Grossman An Investigation of the Effects of
Robert Kaestner Alcohol Policies on Youth STDs
Sara Markowitz
10950 William Nordhaus Retrospective on the 1970s
Productivity Slowdown
10951 Charles W. Calomiris Resolving the Puzzle of the
Joseph R. Mason Underissuance of National Bank
Notes
10952 John Joseph Wallis The Concept of Systematic
Corruption in American Political
and Economic History
10953 Sita Naturaj Has the Unified Budget Undermined
John B. Shoven the Federal Government Trust Funds?
10954 Assaf Razin Globalization and Disinflation: A
Note
10955 Hanno Lustig A Theory of Housing Collateral,
Stijn Van Nieuwerburgh Consumption Insurance, and Risk
Premia
10956 Josh Lerner The Economics of Technology
Jean Tirole Sharing: Open Source and Beyond
10957 Jeffrey A. Frankel Does Openness to Trade Make
Eduardo A. Cavallo Countries More Vulnerable to
Sudden Stops, Or Less? Using
Gravity to Establish Causality
10958 Andreas Lange Using Tontines to Finance Public
John A. List Goods: Back to the Future?
Michael K. Price
10959 Franziska Ohnsorge Sorting it Out: International Trade
Daniel Trefler and Protection With Heterogeneous
Workers
10960 Marc D. Weidenmeier Gunboats, Reputation, and Sovereign
Repayment: Lessons from the
Southern Confederacy
10961 Ted Juhl Covered Interest Arbitrage: Then
William Miles vs. Now
Marc D. Weidenmeier
10962 Christopher R. Knittel Incompatibility, Product
Victor Stango Attributes, and Consumer
Welfare: Evidence from ATMs
10963 Bo E. Honore Bounds in Competing Risks Models
Adriana Lleras-Muney and the War on Cancer
10964 Zhou Yang Prescription Drugs, Medical Care,
Donna B. Gilleskie and Health Outcomes: A Model of
Edward C. Norton Elderly Health
10965 Stanley L. Engerman Digging the Dirt at Public Expense:
Kenneth L. Sokoloff Governance in the Building of the
Erie Canal and Other Public Works
10966 B. Zorina Khan Institutions and Technological
Kenneth L. Sokoloff Innovation During the Early
Economic Growth: Evidence from
the Great Inventors of the United
States, 1790-1930
10967 Assaf Razin Aging and the Welfare State: The
Efraim Sadka Role of Young and Old Voting Pivots
10968 Kevin Milligan The Integration of Child Tax
Mark Stabile Credits and Welfare: Evidence
from the National Child Benefit
Program
10969 Antoine Bommier Who Wins and Who Loses? Public
Ronald Lee Transfer Accounts for U.S.
Timothy Miller Generations Born 1850-2090
Stephane Zuber
10970 Raj Chetty Consumption Commitments:
Adam Szeidl Neoclassical Foundations
for Habit Formation
10971 Michael Kremer Incentives to Learn
Edward Miguel
Rebecca Thornton
10972 Bruce Hay Manufacturer Liability of Harms
Kathryn E. Spier Caused by Consumers to Others'
10973 Stephen G. Cecchetti Has Monetary Policy Become More
Alfonso Flores-Lagunes Efficient? A Cross-Country Analysis
Stefan Krause
10974 Susan H. Busch Tobacco Spending and its Crowd-Out
Mireia Jofre-Bonet of Other Goods
Tracy A. Falba
Jody L. Sindelar
10975 Joshua D. Angrist Semiparametric Causality Tests
Guido M. Kuersteiner Using the Policy Propensity Score
10976 Gary S. Becker The Economic Theory of Illegal
Kevin M. Murphy Goods: The Case of Drugs
Michael Grossman
10977 Jonathan Gruber Tax Policy for Health Insurance
10978 Mihir A. Desai Theft and Taxes
Alexander Dyck
Luigi Zingales
10979 Thorsten Beck Finance, Inequality, and Poverty:
Asli Demirguc-Kunt Cross-Country Evidence
Ross Levine
10980 Kathleen Beegle Why Should We Care About Child
Rajeev Dehejia Labor? The Education, Labor Market,
Roberta Gatti and Health Consequences of Child
Labor
10981 Charles Engel Some New Variance Bounds for Asset
Prices
10982 Philip E. Strahan How do Banks Manage Liquidity Risk?
Evan Gatev Evidence from Equity and Deposit
Tit Schuerman Markets in the Fall of 1998
10983 Thorsten Beck Finance, Firm Size, and Growth
Ash Demirguc-Kunt
Luc Laeven
Ross Levine
10984 Marc T. Law The Determinants of Progressive Era
Gary D. Libecap Reform: The Pure Food and Drugs Act
of 1906
10985 James Levinsohn Globalization and the Returns to
Speaking English in South Africa
10986 Ariel Burstein Large Devaluations and the Real
Martin Eichenbaum Exchange Rate
Sergio Rebelo
10987 Kyle Bagwell Enforcement, Private Political
Robert W Staiger Pressure, and the GATT/WTO Escape
Clause
10988 Christian Broda Happy News from the Dismal Science:
David E. Weinstein Reassessing Japanese Fiscal Policy
and Sustainability
10989 Jeffrey R. Brown The Interaction of Public and
Amy Finkelstein Private Insurance: Medicaid and
the Long-Term Care Insurance Market
10990 Geert Bekaert Global Growth Opportunities and
Campbell R. Harvey Market Integration
Christian Lundblad
Stephan Siegel
10991 Alwyn Young The Gift of the Dying: The Tragedy
of AIDS and the Welfare of Future
African Generations
10992 Agata Antkiewicz China's New Regional Trade
John Whalley Agreements
10993 Richard H. Steckel Fluctuations in a Dreadful
Childhood: Synthetic Longitudinal
Height Data, Relative Prices, and
Weather in the Short-Term Health
of American Slaves
10994 Anthony W Lynch Explaining the Magnitude of
Sinan Tan Liquidity Premia: The Roles
of Return Predictability, Wealth
Shocks, and State-dependent
Transaction Costs
10995 Charles Engel Taylor Rules and the Deutschmark-
Kenneth D. West Dollar Real Exchange Rate
10996 Michael W Brandt Parametric Portfolio Policies:
Pedro Santa-Clara Exploiting Characteristics in
Rossen Valkanov the Cross Section of Equity Returns
10997 Daron Acemoglu Vertical Integration and
Philippe Aghion Technology: Theory and Evidence
Rachel Griffith
Fabrizio Zilibotti
10998 Malcolm Baker Corporate Financing Decisions When
Joshua Coval Investors Take the Path of Least
Jeremy C. Stein Resistance
10999 Philippe Aghion Growth vs. Margins: Destabilizing
Jeremy C. Stein Consequences of Giving the Stock
Market What it Wants
11000 N. Gregory Mankiw Dynamic Sorting: A Back-of-the-
Matthew Weinzierl Envelope Guide
11001 Kira Markiewicz Does Competition Reduce Costs?
Nancy L. Rose Assessing the Impact of Regulatory
Catherine Wolfram Restructuring on U.S. Electric
Generation Efficiency
11002 Jeffrey R. Brown Executive Financial Incentives and
Nellie Liang Payout Policy: Firm Responses the
Scott Weisbenner 2003 Dividend Tax Cut
11003 Volker Nocke An Assignment Theory of Foreign
Stephen Yeaple Direct Investment
11004 Efraim Benmelech Do Liquidation Values Affect
Mark J. Garmaise Financial Contracts? Evidence
Tobias Moskowitz from Commercial Loan Contracts
and Zoning Regulation
11005 Luigi Guiso Cultural Biases in Economic
Paola Sapienza Exchange
Luigi Zingales
11006 Mark J. Garmaise Bank Mergers and Crime: The Real
Tobias J. Moskowitz and Social Effects of Credit Market
Competition
11007 Christopher J. Ruhm Macroeconomic Conditions, Health,
and Mortality
11008 Harold L. Cole Latin America in the Rearview
Lee E. Ohanian Mirror
Alvaro Riascos
James A. Schmitz, Jr.
11009 Peter J. Klenow Externalities and Growth
Andres Rodriguez-Clare
11010 Anthony W. Lynch Labor Income Dynamics at Business-
Sinan Tan Cycle Frequencies: Implications for
Portfolio Choice
11011 David J. Brophy PIPE Dreams? The Performance of
Paige P. Ouimet Companies Issuing Equity Privately
Clemens Sialm
11012 Morten O. Ravn The Macroeconomics of Subsistence
Stephanie Schmitt-Grohe Points
Martin Uribe
11013 Dora L. Costa Forging a New Identity: The Costs
Matthew E. Kahn and Benefits of Diversity in Civil
War Combat Units for Black Slaves
and Freemen
11014 Gene M. Grossman A Protectionist Bias in
Elhanan Helpman Majoritarian Politics
11015 George-Marios Angeletos Crises and Prices: Information,
Ivan Werning Aggregation, Multiplicity, and
Volatility
11016 George-Marios Angeletos Incomplete Market Dynamics in a
Laurent-Emmanuel Calvet Neoclassical Production Economy
11017 George-Marios Angeletos Information Dynamics and
Christian Hellwig Equilibrium Multiplicity
Alessandro Pavan in Global Games of Regime Change
11018 Randolph B. Cohen Money Illusion in the Stock Market:
Christopher Polk The Modigliani-Cohn Hypothesis
Tuomo Vuolteenaho
11019 Patrick Bayer Place of Work and Place of
Stephen Ross Residence: Informal Hiring
Giorgio Topa Networks and Labor Market Outcomes
11020 Wayne E. Ferson Mimicking Portfolios with
Andrew F. Siegel Conditioning Information
Pisun (Tracy) Xu
11021 Wayne E. Ferson Weak and Semi-Strong Form Stock
Andrea Heuson Return Predictability Revisited
Tie Su
11022 Diego Comin Lobbies and Technology Diffusion
Bart Hobijn
11023 Ross Levine Internationalization and the
Sergio L. Schmukler Evolution of Corporate Valuation
11024 Flavio Cunha Separating Uncertainty from
James J. Heckman Heterogeneity in Life-Cycle
Salvador Navarro Earnings
11025 David Joulfaian Choosing Between Gifts and
Bequests: How Taxes Affect
the Timing of Wealth Transfers
11026 Ravi Jagannathan Consumption Risk and the Cost of
Yong Wang Equity Capital
11027 Gordon H. Hanson Globalization, Labor Income, and
Poverty in Mexico
11028 Gordon H. Hanson Public Finance and Individual
Kenneth F. Scheve Preferences over Globalization
Matthew J. Slaughter Strategies
11029 Pierpaolo Benigno Optimal Taxation in an RBC Model:
Michael Woodford A Linear-Quadratic Approach
11030 Marco Bassetto Politics and Efficiency of
Thomas J. Sargent Separating Capital and Ordinary
Government Budgets
11031 Lalith Munasinghe Wage Dynamics and Unobserved
Nachum Sicherman Heterogeneity: Time Preference
or Learning Ability?
11032 James J. Heckman Allander Series: Skill Policies
Dimitriy V. Masterov for Scotland
11033 Menzie D. Chinn The Predictive Content of Energy
Michael LeBlanc Futures: an Update on Petroleum,
Olivier Coibion Natural Gas, Heating Oil, and
Gasoline
11034 David Altig Firm-Specific Capital, Nominal
Lawrence Christiano Rigidities, and the Business Cycle
Martin Eichenbaum
Jesper Linde
11035 Jeff DeSimone Drinking and Academic Performance
Amy M. Wolaver in High School
11036 Sven Wilson Work and the Disability Transition
Joseph Burton in 20th Century America
Benjamin Howell
TECHNICAL PAPERS
302 Marcelo J. Moreira Bootstrap and Higher-Order
Jack R. Porter Expansion Validity When
Gustavo A. Suarez Instruments May Be Weak
303 Michael Jansson Optimal Inference in Regression
Marcelo J. Moreira Models with Nearly Integrated
Regressors
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