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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of December 24 2001

New Book Chapters

• Cities and Warfare: The Impact of Terrorism on Urban Form
  Edward L. Glaeser and Jesse M. Shapiro #8696 (EFG, LE, PE)
  
• The Epidemiology of Macroeconomic Expectations
  Christopher D. Carroll #8695 (ME)
  
• Throwing Good Money After Bad? Board Connections and Conflicts in Bank Lending
  Randall S. Kroszner and Philip E. Strahan #8694 (CF)
  
• Political Competition with Campaign Contributions and Informative Advertising
  Stephen Coate #8693 (PE)
  
• The Welfare Cost of Autarky: Evidence from the Jeffersonian Trade Embargo, 1807-1809
  Douglas A. Irwin #8692 (DAE, ITI)
  
• The Impact of Tobacco Control Program Expenditures on Aggregate Cigarette Sales: 1981-1998
  Matthew C. Farrelly, Terry F. Pechacek and Frank J. Chaloupka #8691 (C, HE)
  
• A Note on Inflation Persistence
  Steinar Holden and John C. Driscoll #8690 (ME)
  
• The Optimal Tax on Antebellum U.S. Cotton Exports
  Douglas A. Irwin #8689 (DAE, ITI)
  
• Moral Rules and the Moral Sentiments: Toward a Theory of an Optimal Moral System
  Louis Kaplow and Steven Shavell #8688 (LE, PE)
  
• Household Electricity Demand, Revisited
  Peter C. Reiss and Matthew W. White #8687 (IO)
  
• Equity Portfolio Diversification
  William N. Goetzmann and Alok Kumar #8686 (AP)
  
• Economic Growth and the Demographic Transition
  David E. Bloom, David Canning and Jaypee Sevilla #8685 (A, HC, LS)
  
• Monetary Policy, Interest Rate Rules, and Inflation Targeting: Some Basic Equivalences
  Carlos A. Vegh #8684 (IFM, ME)
  
• Model Uncertainty and Liquidity
  Bryan R. Routledge and Stanley E. Zin #8683 (AP)
  
• An Evaluation of Multi-Factor CIR Models Using LIBOR, Swap Rates, and Cap and Swaption Prices
  Ravi Jagannathan, Andrew Kaplin and Steve Guoqiang Sun #8682 (AP)
  
• The Advantage of Transparent Instruments of Monetary Policy
  Andrew Atkeson and Patrick Kehoe #8681 (EFG, IFM, ME)
  
• Corporate Governance and the Home Bias
  Lee Pinkowitz, Rene M. Stulz and Rohan Williamson #8680 (CF, IFM, ITI)
  
• Competition and Intervention in Sovereign Debt Markets
  Bernhard Paasche and Stanley E. Zin #8679 (IFM)
  
• Expectations of Equity Risk Premia, Volatility and Asymmetry from a Corporate Finance Perspective
  John R. Graham and Campbell R. Harvey #8678 (AP)
  
• The Effect of New Drugs on Mortality from Rare Diseases and HIV
  Frank R. Lichtenberg #8677 (HC)
  
• The Transition to a New Economy After the Second Industrial Revolution
  Andrew Atkeson and Patrick J. Kehoe #8676 (DAE, EFG, PR)
  
• Specialization and the Volume of Trade: Do the Data Obey the Laws?
  James Harrigan #8675 (ITI)
  
• Monetary Policy in the Information Economy
  Michael Woodford #8674 (EFG, ME)
  
• Imperfect Common Knowledge and the Effects of Monetary Policy
  Michael Woodford #8673 (EFG, ME)
  
• Consumer Response to Tax Rebates
  Matthew D. Shapiro and Joel Slemrod #8672 (EFG, PE)
  
• Dollarization, Inflation and Growth
  Sebastian Edwards and I. Igal Magendzo #8671 (IFM, ME)
  
• The Supplemental Security Income Program and Incentives to Take Up Social Security Early Retirement: Empirical Evidence from Matched SIPP and Social Security Administrative Files
  Elizabeth Powers and David Neumark #8670 (A, LS, PE)
  
• Risk Taking, Limited Liability and the Competition of Bank Regulators
  Hans-Werner Sinn #8669 (ME, PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Comment by Charles I. Jones on "Globalization and Convergence" by Steven Dowrick and J. Bradford DeLong
  Comment by Mahani Zainal-Abidin on "Liberalization of Trade in Services and Productivity Growth in Korea" by Jong-Il Kim and June-Dong Kim
  Comment by Ramonette Serfica on "Korea's Telecom Services Reform through Trade Negotiations" by Nae-Chan Lee and Han-Young Lie
  Comment by Philip L. Williams on "Korean Corporate Governance and Firm Performance" by Sung Wook Joh
  "Antitrust Merger Policy: Lessons from the Australian Experience
  Philip L. Williams and Graeme Woodbridge
  "The Japanese Experience with Railway Restructuring
  Fumitoshi Mizutani and Kiyoshi Nakamura
  "Rail Reform: Privatise, Corporatise, Franchise or Contracts - The Australian Experience
  Helen Owens
  "Initial Public Offering and Corporate Governance in China's Transitional Economy
  Chen Chien-Hsun and Shih Hui-Tzu

Week of December 17 2001

New Book Chapters

• Consumer Information and Price Discrimination: Does the Internet Affect the Pricing of New Cars to Women and Minorities?
  Fiona Scott Morton, Florian Zettelmeyer and Jorge Silva-Risso #8668 (IO)
  
• Cowboys or Cowards: Why are Internet Car Prices Lower?
  Florian Zettelmeyer, Fiona Scott Morton and Jorge Silva-Risso #8667 (IO)
  
• Risk, Mispricing, and Asset Allocation: Conditioning on Dividend Yield
  Jay Shanken and Ane Tamayo #8666 (AP)
  
• Foreign Direct Investment and the Operations of Multinational Firms: Concepts, History, and Data
  Robert E. Lipsey #8665 (ITI)
  
• Selection and Oversight in the Public Sector, With The Los Angeles Police Department as an Example
  Canice Prendergast #8664 (PE)
  
• Attrition Bias in Economic Relationships Estimated with Matched CPS Files
  David Neumark and Daiji Kawaguchi #8663 (LS)
  
• Puzzles Over International Taxation of Cross Border Flows of Capital Income
  John Whalley #8662 (ITI, PE)
  
• Executive Compensation in America: Optimal Contracting or Extraction of Rents?
  Lucian Arye Bebchuk, Jesse M. Fried and David I. Walker #8661 (CF, LE, LS)
  
• Protective or Counter-Productive? European Labor Market Institutions and the Effect of Immigrants on EU Natives
  Joshua Angrist and Adriana Kugler #8660 (LS)
  
• Why International Equity Inflows to Emerging Markets are Inefficient and Small Relative to International Debt Inflows
  Assaf Razin, Efraim Sadka and Chi-Wa Yuen #8659 (IFM, ITI)
  
• The Retirement Incentive Effects of Canada's Income Security Programs
  Michael Baker, Jonathan Gruber and Kevin Milligan #8658 (A, LS, PE)
  
• Taxes and Health Insurance
  Jonathan Gruber #8657 (HC, PE)
  
• Enforcing Intellectual Property Rights
  Jean Olson Lanjouw and Mark Schankerman #8656 (PR)
  
• Defined Contribution Pensions: Plan Rules, Participant Decisions, and the Path of Least Resistance
  James J. Choi, David Laibson, Brigitte C. Madrian and Andrew Metrick #8655 (A, AP, PE)
  
• The Mysterious Growing Value of S&P 500 Membership
  Randall Morck and Fan Yang #8654 (AP)
  
• Copycat Funds: Information Disclosure Regulation and the Returns to Active Management in the Mutual Fund Industry
  Mary Margaret Myers, James M. Poterba, Douglas A. Shackelford and John B. Shoven #8653 (AP)
  
• The Optimal Concentration of Creditors
  Arturo Bris and Ivo Welch #8652 (CF)
  
• For Better or For Worse: Default Effects and 401(k) Savings Behavior
  James J. Choi, David Laibson, Brigitte C. Madrian and Andrew Metrick #8651 (A, AP, PE)
  
• The Rise of the Regulatory State
  Edward L. Glaeser and Andrei Shleifer #8650 (IO, LE, PE)
  
• On the Invariance of the Rate of Return to Convex Adjustment Costs
  Andrew B. Abel #8649 (AP, EFG)
  
• Airbus versus Boeing Revisited: International Competition in the Aircraft Market
  Douglas A. Irwin and Nina Pavcnik #8648 (ITI)
  
• What Does the European Union Do?
  Alberto Alesina, Ignazio Angeloni and Ludger Schuknecht #8647 (EFG, ME, PE)
  
• Institutional Rules for Federations
  Alberto Alesina, Ignazio Angeloni and Federico Etro #8646 (EFG, ME, PE)
  
• The Political Economy of International Unions
  Alberto Alesina, Ignazio Angeloni and Federico Etro #8645 (EFG, ME, PE)
  
• To Be or Not To Be Innovative: An Exercise in Measurement
  Jacques Mairesse and Pierre Mohnen #8644 (PR)
  
• Downside Risk and the Momentum Effect
  Andrew Ang, Joseph Chen and Yuhang Xing #8643 (AP)
  
• Efficiency in Marriage
  Shelly Lundberg and Robert A. Pollak #8642 (LS)
  
• The Modigliani and Miller Theorem and Market Efficiency
  Sheridan Titman #8641 (AP, CF)
  
• Labor Market Effects of Population Aging
  Axel Boersch-Supan #8640 (A, LS)
  
• Short-Term Loans and Long-Term Relationships: Relationship Lending in Early America
  Howard Bodenhorn #H0137 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Foreword
  Dora Costa
  "The Height of Union Army Recruits: Family and Community Influences"
  Sven E. Wilson and Clayne L. Pope
  "Internal Migration, Return Migration and Mortality: Evidence from Panel Data on Union Army Veterans"
  Mario A. Sánchez
  "The Effect of Hernias on the Labor Participation of Union Army Civil War Veterans"
  Chen Song and Louis L. Nguyen
  "Pensions and Labor Force Participation of Civil War Veterans"
  Tayatat Kanjanapipatkul
  Panelist remarks
  Niall Ferguson
  "Core, Periphery, Exchange Rate Regimes, and Globalization"
  Michael D. Bordo and Marc Flandreau
  "Commodity Market Integration, 1500-2000"
  Ronald Findlay and Kevin H. O'Rourke
  "Globalization in History: A Geographical Perspective"
  Nicholas Crafts and Anthony J. Venables, http://www.nber.org/books/global/index.html.
  "Technology in the Great Divergence"
  Gregory Clark and Robert Feenstra
  "Financial Systems, Economic Growth, and Globalization"
  Peter L. Rousseau and Richard E. Sylla
  "Monetary and Financial Reform in Two Eras of Globalization"
  Barry Eichengreen and Harold James

Week of December 10, 2001

New Book Chapters

• Pardons, Executions and Homicide
  H. Naci Mocan and R. Kaj Gittings #8639 (HE)
  
• The Response to Fines and Probability of Detection in a Series of Experiments
  Avner Bar-Ilan and Bruce Sacerdote #8638 (LE)
  
• The Factor Content of Trade
  Donald R. Davis and David E. Weinstein #8637 (ITI)
  
• The Curse of Non-Investment Grade Countries
  Roberto Rigobon #8636 (AP, IFM)
  
• On the Invariance of the Rate of Return to Convex Adjustment Costs
  Andrew B. Abel #8635 (EFG)
  
• The Role of Industrial Country Policies in Emerging Market Crises
  Jeffrey Frankel and Nouriel Roubini #8634 (IFM)
  
• Takeover bids vs. Proxy Fights in Contests for Corporate Control
  Lucian Bebchuk and Oliver Hart #8633 (CF, LE)
  
• Payer Type and the Returns to Bypass Surgery: Evidence from Hospital Entry Behavior
  Michael Chernew, Gautam Gowrisankaran and A. Mark Fendrick #8632 (HC)
  
• The Merits of Horizontal versus Vertical FDI in the Presence of Uncertainty
  Joshua Aizenman and Nancy Marion #8631 (ITI)
  
• DotCom Mania: The Rise and Fall of Internet Stock Prices
  Eli Ofek and Matthew Richardson #8630 (AP)
  
• Market Entry Costs, Producer Heterogeneity, and Export Dynamics
  Sanghamitra Das, Mark J. Roberts and James R. Tybout #8629 (ITI)
  
• Area Differences in Utilization of Medical Care and Mortality Among U.S. Elderly
  Victor R. Fuchs, Mark McClellan and Jonathan Skinner #8628 (A, HC)
  
• Cowards and Heroes: Group Loyalty in the American Civil War
  Dora L. Costa and Matthew E. Kahn #8627 (DAE)
  
• Estimation of a Dynamic Auction Game
  Mireia Jofre-Bonet and Martin Pesendorfer #8626 (IO)
  
• Redistribution in the Current U.S. Social Security System
  Jeffrey B. Liebman #8625 (A, PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Potential Paths of Social Security Reform"
  Martin Feldstein and Andrew Samwick
  "The Fiscal Impact of Population Aging in the US: Assessing the Uncertainties"
  Ronald Lee and Ryan Edwards
  Comments by Mario B. Lamberte on "Korean Corporate Governance and Firm Performance," by Sung Wook Joh and "The Japanese Experience with Railway Restructuring," by Fumitoshi Mizutani and Kiyoshi Nakamura

Week of December 3, 2001

New Book Chapters

• Intermedia Substitutability and Market Demand by National Advertisers
  Alvin J. Silk, Lisa R. Klein and Ernst R. Berndt #8624 (IO)
  
• Taxes, Regulations, and Asset Prices
  Ellen R. McGrattan and Edward C. Prescott #8623 (AP, EFG)
  
• The Stock Market Crash of 1929: Irving Fisher Was Right!
  Ellen R. McGrattan and Edward C. Prescott #8622 (AP, EFG)
  
• Hospitals, Managed Care, and the Charity Caseload in California
  Janet Currie and John Fahr #8621 (HC)
  
• Trading Inefficiencies in California's Electricity Markets
  Severin Borenstein, James Bushnell, Christopher R. Knittel and Catherine Wolfram #8620 (IO)
  
• Transferability of Migration Licenses and the Distribution of Potential Rents
  Laura L. Bivins and Kala Krishna #8619 (ITI, LS)
  
• Short Sales, Damages and Class Certifications in 10b-5 Actions
  Robert C. Apfel, John E. Parsons, G. William Schwert and Geoffrey S. Stewart #8618 (AP)
  
• The Transmission Mechanism and the Role of Asset Prices in Monetary Policy
  Frederic S. Mishkin #8617 (EFG, ME)
  
• Unraveling Reduces the Scope of an Entry Level Labor Market: Gastroenterology With and Without a Centralized Match
  Muriel Niederle and Alvin E. Roth #8616 (LS)
  
• Women as Policy Makers: Evidence from a India-Wide Randomized Policy Experiment
  Raghabendra Chattopadhyay and Esther Duflo #8615 (C, PE)
  
• Sticky Information: A Model of Monetary Nonneutrality and Structural Slumps
  N. Gregory Mankiw and Ricardo Reis #8614 (EFG, ME)
  
• Public Ownership in the American City
  Edward L. Glaeser #8613 (EFG, LE, PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Taxes and Health Insurance"
  Jonathan Gruber, http://www.nber.org/books/tpe16/index.html
  "Does Globalization Make the World More Unequal?"
  Peter H. Lindert and Jeffrey G. Williamson, http://www.nber.org/books/global/index.html

Week of November 19, 2001

New Book Chapters

• Long-Term Global Market Correlations
  William N. Goetzmann, Lingfeng Li and K. Geert Rouwenhorst #8612 (AP)
  
• Globalization and Inequality: Evidence from Within China
  Shang-Jin Wei and Yi Wu #8611 (ITI)
  
• The Transition to Personal Accounts and Increasing Retirement Wealth: Macro and Micro Evidence
  James M. Poterba, Steven F. Venti and David A. Wise #8610 (A, AP, DAE, LS, PE)
  
• Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies
  Leonid Kogan and Raman Uppal #8609 (AP)
  
• Aging and Housing Equity: Another Look
  Steven F. Venti and David A. Wise #8608 (A, PE)
• Catching Up with the Joneses: Heterogeneous Preferences and the Dynamics of Asset Prices
  Yeung Lewis Chan and Leonid Kogan #8607 (AP)
  
• Comparing Wealth Effects: The Stock Market Versus the Housing Market
  Karl E. Case, Robert J. Shiller and John M. Quigley #8606 (EFG)
  
• The Effect of Education on Crime: Evidence from Prison Inmates, Arrests, and Self-Reports
  Lance Lochner and Enrico Moretti #8605 (LS, PE)
  
• Optimal Monetary Policy in Closed versus Open Economies: An Integrated Approach
  Richard Clarida, Jordi Gali and Mark Gertler #8604 (EFG, IFM, ME)
  
• The Empirics of Monetary Policy Rules in Open Economies
  Richard Clarida #8603 (IFM, ME)
  
• Living Rationally Under the Volcano? An Empirical Analysis of Heavy Drinking and Smoking
  Peter Arcidiacono, Holger Sieg and Frank Sloan #8602 (HC)
  
• The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond
  Richard Clarida, Lucio Sarno, Mark Taylor and Giorgio Valente #8601 (IFM)
  
• Trade Linkages and Output-Multiplier Effects: A Structural VAR Approach with a Focus on Asia
  Tilak Abeysinghe and Kristin J. Forbes #8600 (EFG, IFM)
  
• Why Public Schools Lose Teachers
  Eric A. Hanushek, John F. Kain and Steven G. Rivkin #8599 (C, LS, PE, EE)
  
• Urban Decline and Durable Housing
  Edward L. Glaeser and Joseph Gyourko #8598 (EFG, PE)
  
• Liquidity Effects in the Bond Market
  Boyan Jovanovic and Peter L. Rousseau #8597 (ME)
  
• Technology in the Great Divergence
  Gregory Clark and Robert Feenstra #8596 (ITI, PR)
  
• The Changing Role of America's Veterans
  Hugh Rockoff #8595 (DAE)
  
• Event-Study Evidence of the Value of Relaxing Longstanding Regulatory Restraints on Banks, 1970-2000
  Kenneth A. Carow and Edward J. Kane #8594 (CF)
  
• Pollution Control Innovations and the Clean Air Act of 1990
  David Popp #8593 (PE, ENV)
  
• Potential Paths of Social Security Reform
  Martin Feldstein and Andrew Samwick #8592 (A, PE)
  
• Using Weights to Adjust for Sample Selection When Auxiliary Information is Available
  Aviv Nevo #T0275 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Introduction, NBER Macroeconomics Annual 2001"
  edited by Ben Bernanke and Kenneth Rogoff
  Comment by Simon Gilchrist on "The Cost Channel of Monetary Transmission," by Marvin J. Barth III and Valerie A. Ramey
  Introduction, Tax Policy and the Economy, Volume 16"
  edited by James M. Poterba
  "Roundtable Discussions, Scanner Data and Price Indexes"
  edited by Matthew Shapiro and Robert Feenstra
  "The Role of Industrial Country Policies in Emerging Market Crises"
  Jeffrey Frankel and Nouriel Roubini
  Introduction and "School Choice and School Productivity (or, Could School Choice be a Tide that Lifts all Boats?)"
  Caroline M. Hoxby
  Comment by Takatoshi Ito on "Regulating Services Trade: Matching Policies to Objectives," by Richard H. Snape

Week of November 12, 2001

New Book Chapters

• Labor Market Search and Optimal Retirement Policy
  Joydeep Bhattacharya, Casey B. Mulligan and Robert R. Reed III #8591 (A, EFG, LS, PE)
  
• The Empirical Frequency of a Pivotal Vote
  Casey B. Mulligan and Charles G. Hunter #8590 (EFG, PE)
  
• Learning and the Value of Information: The Case of Health Plan Report Cards
  Michael Chernew, Gautam Gowrisankaran and Dennis P. Scanlon #8589 (HC, PR)
  
• Redistribution through Education and Other Transfer Mechanisms
  Eric Hanushek, Charles Ka Yui Leung and Kuzey Yilmaz #8588 (C, LS, PE, EE)
  
• The Effect of Health on Economic Growth: Theory and Evidence
  David E. Bloom, David Canning and Jaypee Sevilla #8587 (A, HC, IFM, LS)
  
• Biases in the IPO Pricing Process
  Michelle Lowry and G. William Schwert #8586 (AP)
  
• International Spillovers and Water Quality in Rivers: Do Countries Free Ride?
  Hilary Sigman #8585 (PE)
  
• Core, Periphery, Exchange Rate Regimes, and Globalization
  Michael D. Bordo and Marc Flandreau #8584 (DAE, IFM, ME)
  
• Aggregate Price Shocks and Financial Stability: The United Kingdom 1796-1999
  Michael D. Bordo, Michael J. Dueker and David C. Wheelock #8583 (DAE, ME)
  
• Bond Market Inflation Expectations in Industrial Countries: Historical Comparisons
  Michael D. Bordo and William G. Dewald #8582 (DAE, ME)
  
• Affiliate Activity in Japanese and U.S. Multinationals and Japanese Exports, 1986-1995
  Robert E. Lipsey and Eric D. Ramstetter #8581 (ITI)
  
• The Property Tax as a Coordinating Device: Financing Indiana's Mammoth Internal Improvement System, 1835 to 1842
  John Joseph Wallis #H0136 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Globalization and Capital Markets"
  Maurice Obstfeld and Alan M. Taylor
  Comment by Gian Maria Milesi-Ferretti on "A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs," by Michael Hutchison

Week of November 5, 2001

• Love and Money: A Theoretical and Empirical Analysis of Household Sorting and Inequality
  Raquel Fernandez, Nezih Guner and John Knowles #8580 (EFG)
  
• Commodity Market Integration, 1500-2000
  Ronald Findlay and Kevin H. O'Rourke #8579 (ITI)
  
• Job Displacement, Disability, and Divorce
  Kerwin Kofi Charles and Melvin Stephens Jr. #8578 (LS)
  
• Are the Japanese Selfish, Altruistic, or Dynastic?
  Charles Yuji Horioka #8577 (A, PE)
  
• Antidumping and Retaliation Threats
  Bruce A. Blonigen and Chad P. Bown #8576 (ITI)
  
• Trade Protection and Wages: Evidence from the Colombian Trade Reforms
  Pinelopi K. Goldberg and Nina Pavcnik #8575 (ITI)
  
• Gender, Occupation Choice and the Risk of Death at Work
  Thomas DeLeire and Helen Levy #8574 (HC)
  

Week of October 29 2001

• International Technology Diffusion
  Wolfgang Keller #8573 (ITI, PR)
  
• Courts and Relational Contracts
  Simon Johnson, John McMillan and Christopher Woodruff #8572 (CF)
  
• After the Epidemic: Recent Trends in Youth Violence in the United States
  Philip J. Cook and John H. Laub #8571 (HE)
  
• State and Local Prevalence of Firearms Ownership: Measurement, Structure, and Trends
  Deborah Azrael, Philip J. Cook and Matthew Miller #8570 (HC, HE)
  
• Financial Markets in Times of Stress
  Graciela L. Kaminsky and Carmen M. Reinhart #8569 (IFM)
  
• The Geographic Reach of Market and Non-Market Channels of Technology Transfer: Comparing Citations and Licenses of University Patents
  David S. Mowery and Arvids A. Ziedonis #8568 (PR)
  
• Developments in Decumulation: The Role of Annuity Products in Financing Retirement
  Olivia S. Mitchell #8567 (A, LS)
  
• A Multivariate Model of Strategic Asset Allocation
  John Y. Campbell, Yeung Lewis Chan and Luis M. Viceira #8566 (AP)
  
• Trading Volume: Implications of An Intertemporal Capital Asset Pricing Model
  Andrew W. Lo and Jiang Wang #8565 (AP)
  
• The Distributional Impacts of Indonesia's Financial Crisis on Household Welfare: A "Rapid Response" Methodology
  Jed Friedman and James Levinsohn #8564 (IFM, ITI)
  
• Were Compulsory Attendance and Child Labor Laws Effective?
  Adriana Lleras-Muney #8563 (LS, EE)
  
• Alcohol Taxes and Labor Market Outcomes
  Dhaval Dave and Robert Kaestner #8562 (HE, LS, PE)
  
• Population Aging, Savings Behavior and Capital Markets
  Axel H. Boersch-Supan and Joachim K. Winter #8561 (A, PE)
  
• Migration Consequences of Welfare Reform
  Robert Kaestner, Neeraj Kaushal and Gregg Van Ryzin #8560 (LS, PE)
  
• Endogenous Currency of Price Setting in a Dynamic Open Economy Model
  Michael B. Devereux and Charles Engel #8559 (IFM)
  
• Real Exchange Rate Fluctuations and the Dynamics of Retail Trade Industries on the U.S-Canada Border
  Jeffrey R. Campbell and Beverly Lapham #8558 (EFG, IFM, ITI)
  

Week of October 22, 2001

New Book Chapters

• The Market for Crash Risk
  David S. Bates #8557 (AP)
  
• Changes in the Age Distribution of Mortality Over the 20th Century
  David Cutler and Ellen Meara #8556 (A, C, HC)
  
• Trade in University Training: Cross-State Variation in the Production and Use of College-Educated Labor
  John Bound, Jeffrey Groen, Gabor Kezdi and Sarah Turner #8555 (LS)
  
• Theoretical and Empirical properties of Dynamic Conditional Correlation Multivariate GARCH
  Robert F. Engle and Kevin Sheppard #8554 (AP)
  
• Aging and International Capital Flows
  Axel Boersch-Supan, Alexander Ludwig and Joachim Winter #8553 (A, IFM)
  
• Firm Age and Wages
  Charles Brown and James L. Medoff #8552 (LS)
  
• Tax Rates and Tax Evasion: Evidence from "Missing Imports" in China
  Raymond Fisman and Shang-Jin Wei #8551 (ITI, PE)
  
• The Adjustment of Prices and the Adjustment of the Exchange Rate
  Charles Engel and James C. Morley #8550 (IFM)
  
• Masterpieces and Markets: Why the Most Famous Modern Paintings Are Not by American Artists
  David W. Galenson #8549 (LS)
  
• An Empirical Model of Heterogeneous Consumer Search for Retail Prescription Drugs
  Alan T. Sorensen #8548 (HC, IO)
  
• Entry, Pricing and Product Design in an Initially Monopolized Market
  Steven J. Davis, Kevin M. Murphy and Robert H. Topel #8547 (IO)
  
• Has "In-Work" Benefit Reform Helped the Labour Market?
  Hilary Hoynes and Richard Blundell #8546 (LS, PE)
  
• The Adam Klug Memorial Lecture: Haberler versus Nurkse: The Case for Floating Exchange Rates as an Alternative to Bretton Woods?
  Michael D. Bordo and Harold James #8545 (IFM, ME)
  
• The Mismatch Between Life Insurance Holdings and Financial Vulnerabilities: Evidence from the Survey of Consumer Finances
  B. Douglas Bernheim, Katherine Grace Carman, Jagadeesh Gokhale and Laurence J. Kotlikoff #8544 (A, PE)
  
• What Role for Empirics in International Trade?
  Donald R. Davis and David E. Weinstein #8543 (ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Price Index Estimation Using Price Imputation for Unsold Items"
  Ralph Bradley

Week of October 15, 2001

New Book Chapters

• Health and Nutrition in the Preindustrial Era: Insights from a Millennium of Average Heights in Northern Europe
  Richard H. Steckel #8542 (DAE)
  
• Immigrant and Native Responses to Welfare Reform
  Robert Kaestner and Neeraj Kaushal #8541 (LS, PE)
  
• International Trade and the Environment: A Framework for Analysis
  Brian R. Copeland and M. Scott Taylor #8540 (ITI, ENV)
  
• Money Growth Monitoring and the Taylor Rule
  Lawrence J. Christiano and Massimo Rostagno #8539 (EFG, ME)
  
• Why are Foreign Firms Listed in the U.S. Worth More?
  Craig Doidge, G. Andrew Karolyi and Rene M. Stulz #8538 (AP, CF)
  
• The Effects of Hospital Ownership on Medical Productivity
  Daniel Kessler and Mark McClellan #8537 (HC, PR)
  
• Physician Income Expectations and Specialty Choice
  Sean Nicholson and Nicholas S. Souleles #8536 (EFG, HC, LS)
  
• What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility
  Carmen M. Reinhart and Vincent R. Reinhart #8535 (IFM)
  
• Mortality, Income, and Income Inequality Over Time in Britain and the United States
  Angus Deaton and Christina Paxson #8534 (A, HC)
  
• A Rehabilitation of Stochastic Discount Factor Methodology
  John H. Cochrane #8533 (AP)
  
• Bad Politicians
  Francesco Caselli and Massimo Morelli #8532 (EFG, PE)
  
• Medicare Policy in the 1990s
  Joseph P. Newhouse #8531 (HE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River Region"
  Tetsushi Sonobe and Keijiro Otsuka
  "School Vouchers: Results from Randomized Experiments"
  Paul E. Peterson, William G. Howell, Patrick J. Wolf and David E. Campbell
  "The Role of Special Education in School Choice"
  Julie Berry Cullen and Steven G. Rivkin
  Remarks by Yung Chul Park on IMF Structural Programs
  Introduction to Frontiers in Health Policy Research, Volume 5, edited by Alan M. Garber
  "Effects of Competition under Prospective Payment on Hospital Costs among High and Low Cost Admissions: Evidence from California, 1983-1993"
  Jeanette Chung and David Meltzer
  "The Cost Channel of Monetary Transmission"
  Marvin J. Barth III and Valerie A. Ramey
  Comment by Anthony Lynch on "The 6D Bias and the Equity Premium Puzzle," by Xavier Gabaix and David Laibson
  Comment by Alan S. Blinder on "Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative" by Robert B. Barsky and Lutz Kilian
  Comment by Monika Piazzesi on "The 6D Bias and the Equity Premium Puzzle" by Xavier Gabaix and David Laibson

Week of October 8, 2001

New Book Chapters

• Demographic Fluctuations, Generational Welfare and Intergenerational Transfers
  Alwyn Young #8530 (EFG)
  
• Exchange Rate Regimes, Capital Flows and Crisis Prevention
  Sebastian Edwards #8529 (IFM, ITI)
  
• Patent Citations and International Knowledge Flow: The Cases of Korea and Taiwan
  Albert G.Z. Hu and Adam B. Jaffe #8528 (PR)
  
• The Economics of Labor Adjustment: Mind the Gap
  Russell W. Cooper and Jonathan L. Willis #8527 (EFG, LS)
  
• Comparative Analysis of Labor Market Outcomes: Lessons for the US from International Long-Run Evidence
  Giuseppe Bertola, Francine D. Blau and Lawrence M. Kahn #8526 (LS)
  
• Information, Decisions, and Productivity: On-Board Computers and Capacity Utilization in Trucking
  Thomas N. Hubbard #8525 (IO, PR)
  
• Why Doesn't the US Have a European-Style Welfare System?
  Alberto Alesina, Edward Glaeser and Bruce Sacerdote #8524 (PE)
  
• Household Responses to Public Home Care Programs
  Peter C. Coyte and Mark Stabile #8523 (HC)
  
• Incentives in HMOs
  Martin Gaynor, James B. Rebitzer and Lowell J. Taylor #8522 (HC, LS)
  
• Cronyism and Capital Controls: Evidence from Malaysia
  Simon Johnson and Todd Mitton #8521 (IFM)
  
• A Decade Lost and Found: Mexico and Chile in the 1980s
  Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto #8520 (EFG, IFM)
  
• The Economics of Family Structure
  Derek Neal #8519 (C, LS)
  
• Market Size, Linkages, and Productivity: A Study of Japanese Regions
  Donald R. Davis and David E. Weinstein #8518 (EFG, ITI, PR)
  
• Bones, Bombs and Break Points: The Geography of Economic Activity
  Donald R. Davis and David E. Weinstein #8517 (EFG, ITI)
  
• Do Factor Endowments Matter for North-North Trade?
  Donald R. Davis and David E. Weinstein #8516 (ITI)
  
• Borders, Trade and Welfare
  James E. Anderson and Eric van Wincoop #8515 (ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "What Can the Price Gap Between Branded and Private Label Products Tell Us About Markups?"
  Robert Barsky, Mark Bergen, Shantanu Dutta and Daniel Levy
  Comment by Gian Maria Milesi-Ferretti on "A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs" by Michael M. Hutchison
  Comment by Peter B. Kenen on "Monetary and Financial Reform in Two Eras of Globalization (and In Between), by Barry Eichengreen and Harold James
  "The Prevalence of Chronic Respiratory Disease in the Industrial Era: The United States, 1895-1910"
  Sven E. Wilson
  Comment by David D. Li on "Government Commitment and the Outcome of Privatization in China" by Yang Yao
  "Privatization and Corporate Governance"
  Simon Johnson and Andrei

Week of October 1, 2001

New Book Chapters

• The Measurement of Medicaid Coverage in the SIPP: Evidence from California, 1990-1996
  David Card, Andrew K. G. Hildreth and Lara D. Shore-Sheppard #8514 (HC, PE)
  
• Changes in Unemployment Duration and Labor Force Attachment
  Katharine G. Abraham and Robert Shimer #8513 (EFG, LS)
  
• The Evolution of Suffrage Institutions in the New World
  Stanley L. Engerman and Kenneth L. Sokoloff #8512 (DAE, EFG)
  
• Does Drinking Really Decrease in Bad Times?
  Christopher J. Ruhm and William E. Black #8511 (HE)
  
• An Empirical Investigation of Continuous-Time Equity Return Models
  Torben G. Andersen, Luca Benzoni and Jesper Lund #8510 (AP)
  
• The Demand for Variety: A Household Production Perspective
  Reuben Gronau and Daniel S. Hamermesh #8509 (LS)
  
• The Psychophysiology of Real-Time Financial Risk Processing
  Andrew W. Lo and Dmitry V. Repin #8508 (AP)
  
• Repatriation Taxes and Dividend Distortions
  Mihir A. Desai, C. Fritz Foley and James R. Hines Jr. #8507 (ITI, PE)
  
• Volatility Dependence and Contagion in Emerging Equity Markets
  Sebastian Edwards and Raul Susmel #8506 (IFM)
  
• The Really Long-Run Performance of Initial Public Offerings: The Pre-NASDAQ Evidence
  Paul A. Gompers and Josh Lerner #8505 (CF)
  
• Telling from Discrete Data Whether the Underlying Continuous-Time Model is a Diffusion
  Yacine Ait-Sahalia #8504 (AP)
  
• When Will the Germans Get Trapped in their Pension System?
  Hans-Werner Sinn and Silke Uebelmesser #8503 (A, PE)
  
• Does Peer Ability Affect Student Achievement?
  Eric A. Hanushek, John F.Kain, Jacob M. Markman and Steven G. Rivkin #8502 (C, EE)
  
• The Assignment of Workers to Jobs In an Economy with Coordination Frictions
  Robert Shimer #8501 (EFG)
  
• Reforming Budgetary Language
  David F. Bradford #8500 (PE)
  
• Commercializing Knowledge: University Science, Knowledge Capture, and Firm Performance in Biotechnology
  Lynne G. Zucker, Michael R. Darby and Jeff S. Armstrong #8499 (PR)
  
• The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools
  Bronwyn H. Hall, Adam B. Jaffe and Manuel Trajtenberg #8498 (IO, PR)
  
• Bayesian Inference for Hospital Quality in a Selection Model
  John Geweke, Gautam Gowrisankaran and Robert J. Town #8497 (HC, PR)
  
• Liquidity Constraints and Precautionary Saving
  Christopher D. Carroll and Miles S. Kimball #8496 (EFG, ME)
  
• Does Money Protect Health Status? Evidence from South African Pensions
  Anne Case #8495 (A, PE)
  
• Short Sale Constraints and Stock Returns
  Charles M. Jones and Owen A. Lamont #8494 (AP)
  
• Deposit Insurance Around the Globe: Where Does it Work?
  Edward J. Kane and Asli Demirguc-Kunt #8493 (CF)
  
• Do Rich and Poor Countries Specialize in a Different Mix of Goods? Evidence from Product-Level US Trade Data
  Peter K. Schott #8492 (ITI)
  
• Fixed versus Flexible: Lessons from EMS Order Flow
  William P. Killeen, Richard K. Lyons and Michael J. Moore #8491 (IFM)
  
• Insurance and the Utilization of Medical Services Among the Self-Employed
  Craig William Perry and Harvey S. Rosen #8490 (HC, PE)
  
• An Empirical Analysis of Imprisoning Drug Offenders
  Ilyana Kuziemko and Steven D. Levitt #8489 (HE, LE, PE)
  
• Fiscal Policy and Social Security Policy During the 1990s
  Douglas W. Elmendorf, Jeffrey B. Liebman and David W. Wilcox #8488 (A, EFG, PE)
  
• The Future of Social Security Pensions in Europe
  Martin Feldstein #8487 (A, PE)
  
• Dividend Taxes and Share Prices: Evidence from Real Estate Investment Trusts
  William M. Gentry, Deen Kemsley and Christopher J. Mayer #8486 (PE)
  
• A General Purpose Technology at Work: The Corliss Steam Engine in the late 19th Century US
  Nathan Rosenberg and Manuel Trajtenberg #8485 (DAE, PR)
  
• The Impacts of Environmental Regulations on Industrial Activity: Evidence from the 1970 and 1977 Clean Air Act Amendments and the Census of Manufactures
  Michael Greenstone #8484 (ENV)
  
• Will Unionism Prosper in Cyber-Space? The Promise of the Internet for Employee Organization
  Wayne J. Diamond and Richard B. Freeman #8483 (LS)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930s and Japan in the 1990s"
  Charles W. Calomiris and Joseph R. Mason
  "What Can the Price Gap Between Branded and Private Label Products Tell Us About Markups?"
  Robert Barsky, Mark Bergen, Shantanu Dutta and Daniel Levy
  Comment by Gian Maria Milesi-Ferretti on "A Cure Worse Than The Disease? Currency Crises and the Output Costs of IMF-Supported Stabilization Programs" by Michael M. Hutchison
  Comment by Peter B. Kenen on "Monetary and Financial Reform in Two Eras of Globalization (and In Between), by Barry Eichengreen and Harold James
  "The Prevalence of Chronic Respiratory Disease in the Industrial Era: The United States, 1895-1910"
  Sven E. Wilson
  Comment by David D. Li on "Government Commitment and the Outcome of Privatization in China" by Yang Yao
  "Privatization and Corporate Governance"
  Simon Johnson and Andrei Shleifer

---

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