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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of December 18- December, 25 2006

• The Economics of Hurricanes in the United States
  William D. Nordhaus #12813 (PE)
  
• Restructuring Research: Communication Costs and the Democratization of University Innovation
  Ajay K. Agrawal and Avi Goldfarb #12812 (PR)
  
• Lucky Directors
  Lucian A. Bebchuk, Yaniv Grinstein, and Urs Peyer #12811 (CF, LE)
  
• Money Illusion and Housing Frenzies
  Markus K. Brunnermeier and Christian Julliard #12810 (AP, EFG, ME)
  
• Do Wealth Fluctuations Generate Time-varying Risk Aversion? Micro-Evidence on Individuals' Asset Allocation
  Markus K. Brunnermeier and Stefan Nagel #12809 (AP, EFG)
  
• Measuring the Impacts of FDI in Central and Eastern Europe
  Robert E. Lipsey #12808 (ITI)
  
• Debt Enforcement Around the World
  Simeon Djankov, Oliver Hart, Caralee McLiesh, and Andrei Shleifer #12807 (CF, LE)
  
• Decomposing the Effects of Financial Liberalization: Crises vs. Growth
  Romain Ranciere, Aaron Tornell, and Frank Westermann #12806 (IFM, EFG)
  
• Notional Defined Contribution Pension Systems in a Stochastic Context: Design and Stability
  Alan J. Auerbach and Ronald Lee #12805 (AG, PE)
  
• Price and Capacity Competition
  Daron Acemoglu, Kostas Bimpikis, and Asuman Ozdaglar #12804 (CF, EFG, IO)
  
• Black Box Warnings and Drug Safety: Examining the Determinants and Timing of FDA Warning Labels
  Allan Begosh, John Goldsmith, Ed Hass, Randall W. Lutter, Clark Nardinelli, and John A. Vernon #12803 (HC, HE, LE)
  
• Which Countries Become Tax Havens?
  Dhammika Dharmapala and James R. Hines Jr. #12802 (IFM, ITI, PE)
  
• Did Big Government's Largesse Help the Locals? The Implications of WWII Spending for Local Economic Activity, 1939-1958
  Joseph Cullen and Price V. Fishback #12801 (DAE, PE, EFG)
  
• Immigration and the Survival of Social Security: A Political Economy Model
  Edith Sand and Assaf Razin #12800 (IFM)
  
• We Can Work It Out - The Globalisation of ICT-enabled Services
  Desiree van Welsum and Xavier Reif #12799 (ITI, LS)
  
• Optimal Executive Compensation vs. Managerial Power: A Review of Lucian Bebchuk and Jesse Fried's "Pay without Performance: The Unfulfilled Promise of Executive Compensation"
  Michael S. Weisbach #12798 (CF, LS, LE)
  

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Week of December 11- December, 18 2006

• Multifrequency Jump-Diffusions: An Equilibrium Approach
  Laurent E. Calvet and Adlai J. Fisher #12797 (EFG)
  
• An Economic History of Fertility in the U.S.: 1826-1960
  Larry E. Jones and Michele Tertilt #12796 (CH, DAE)
  
• A Conceptual Framework for Interpreting Recorded Human History
  Douglass C North, John Joseph Wallis, and Barry R. Weingast #12795 (DAE)
  
• Coping with Disaster: The Impact of Hurricanes on International Financial Flows, 1970-2002
  Dean Yang #12794 (IFM, ITI)
  
• When Is It Optimal to Abandon a Fixed Exchange Rate?
  Sergio Rebelo and Carlos A. Vegh #12793 (IFM)
  
• Entrepreneurial Learning, the IPO Decision, and the Post-IPO Drop in Firm Profitability
  Lubos Pastor, Lucian Taylor, and Pietro Veronesi #12792 (AP, CF)
  
• Fixed-Term Employment Contracts in an Equilibrium Search Model
  Fernando Alvarez and Marcelo Veracierto #12791 (EFG, LS)
  
• Lead Them to Water and Pay Them to Drink: An Experiment with Services and Incentives for College Achievement
  Joshua Angrist, Daniel Lang, and Philip Oreopoulos #12790 (CH, ED, LS, PE)
  
• When is Democracy an Equilibrium?: Theory and Evidence from Colombia's "La Violencia"
  Mario Chacon, James A. Robinson, and Ragnar Torvik #12789 (DAE, POL)
  
• Monetary Policy Challenges in Emerging Markets: Sudden Stop, Liability Dollarization, and Lender of Last Resort
  Guillermo A. Calvo #12788 (ME, IFM)
  
• Housing Dynamics
  Edward L. Glaeser and Joseph Gyourko #12787 (PE, AP)
  
• Long-Term Changes in Labor Supply and Taxes: Evidence from OECD Countries, 1956-2004
  Lee Ohanian, Andrea Raffo, and Richard Rogerson #12786 (EFG, PE, LS)
  
• Online Auctions
  Axel Ockenfels, David Reiley, and Abdolkarim Sadrieh #12785 (IO)
  
• Regulating Misinformation
  Edward L. Glaeser and Gergely Ujhelyi #12784 (PE, IO)
  
• Sovereign Risk and Secondary Markets
  Fernando Broner, Alberto Martin, and Jaume Ventura #12783 (IFM)
  
• Multi-Product Firms and Trade Liberalization
  Andrew B. Bernard, Stephen J. Redding, and Peter K. Schott #12782 (IO, ITI)
  
• Heterogeneous Expectations and Bond Markets
  Wei Xiong and Hongjun Yan #12781 (AP, ME)
  
• State-Owned Enterprise Behaviour Responses to Trade Reforms: Some Analytics and Numerical Simulation Results Using Chinese Data
  John Whalley and Shunming Zhang #12780 (ITI)
  
• Rural Income Volatility and Inequality in China
  John Whalley and Ximing Yue #12779 (LS)
  
• Socially Optimal Coordination: Characterization and Policy Implications
  George-Marios Angeletos and Alessandro Pavan #12778 (EFG, ME)
  
• Is the Endangered Species Act Endangering Species?
  John A. List, Michael Margolis, and Daniel E. Osgood #12777 (PE)
  
• Mandatory Versus Voluntary Disclosure of Product Risks
  A. Mitchell Polinsky and Steven Shavell #12776 (LE, CF)
  
• State-Dependent Intellectual Property Rights Policy
  Daron Acemoglu and Ufuk Akcigit #12775 (EFG, IO, PR)
  
• The Dynamic Effects of an Earnings Subsidy for Long-Term Welfare Recipients: Evidence from the SSP Applicant Experiment
  David Card and Dean R. Hyslop #12774 (LS, PE)
  
• Corporate Financial and Investment Policies when Future Financing is not Frictionless
  Heitor Almeida, Murillo Campello, and Michael S. Weisbach #12773 (CF)
  
• DSGE Models in a Data-Rich Environment
  Jean Boivin and Marc Giannoni #12772 (EFG, ME)
  
• Lucky CEOs
  Lucian A. Bebchuk, Yaniv Grinstein, and Urs Peyer #12771 (CF, LE, LS)
  
• Population Aging and Intergenerational Transfers: Introducing Age into National Accounts
  Andrew Mason, Ronald Lee, An-Chi Tung, Mun-Sim Lai, and Tim Miller #12770 (AG, PE)
  

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Week of December 4- December 11, 2006

• Growth and Intellectual Property
  Michele Boldrin and David K. Levine #12769 (EFG)
  
• Economic Performance and Work Activity in Sweden after the Crisis of the Early 1990s
  Steven J. Davis and Magnus Henrekson #12768 (EFG, LS, PE)
  
• Information Cascades: Evidence from An Experiment with Financial Market Professionals
  Jonathan E. Alevy, Michael S. Haigh, and John List #12767 (AP)
  
• Can Housing Collateral Explain Long-Run Swings in Asset Returns?
  Hanno Lustig and Stijn Van Nieuwerburgh #12766 (AP)
  
• What Do Independent Directors Know? Evidence from Their Trading
  Enrichetta Ravina and Paola Sapienza #12765 (CF)
  
• Health Insurance and Ex Ante Moral Hazard: Evidence from Medicare
  Dhaval Dave and Robert Kaestner #12764 (HE, AG, HC)
  
• On the Welfare Costs of Consumption Uncertainty
  Robert J. Barro #12763 (EFG, ME, PE)
  
• Cross-Cohort Differences in Health on the Verge of Retirement
  Beth J. Soldo, Olivia S. Mitchell, Rania Tfaily, and John F. McCabe #12762 (AG, HC, LS)
  
• The International Migration of Knowledge Workers: When is Brain Drain Beneficial?
  Peter J. Kuhn and Carol McAusland #12761 (IO, ITI, LS)
  
• South African Trade Policy Matters: Trade Performance and Trade Policy
  Lawrence Edwards and Robert Z. Lawrence #12760 (ITI)
  
• China and the Multilateral Trading System
  Robert Z. Lawrence #12759 (ITI)
  
• Is Drug Coverage a Free Lunch? Cross-Price Elasticities and the Design of Prescription Drug Benefits
  Martin Gaynor, Jian Li, and William B. Vogt #12758 (HC)
  

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Week of November 27- December 4, 2006

• Job Security Does Affect Economic Efficiency: Theory, A New Statistic, and Evidence from Chile
  Amil Petrin and Jagadeesh Sivadasan #12757 (IO, LS, PR)
  
• Anomalies in Estimates of Cross-Price Elasticities for Marketing Mix Models: Theory and Empirical Test
  Andre Bonfrer, Ernst R. Berndt and Alvin Silk #12756 (PR)
  
• The Return to Capital in China
  Chong-En Bai, Chang-Tai Hsieh, Yingyi Qian #12755 (EFG, IFM)
  
• Crime and Circumstance: The Effects of Infant Health Shocks on Fathers' Criminal Activity
  Hope Corman, Kelly Noonan, Nancy E. Reichman and Ofira Schwartz-Soicher #12754 (CH, HC, HE, LS)
  
• On the Macroeconomics of Asset Shortages
  Ricardo J. Caballero #12753 (EFG, IFM, AP)
  
• Uncertainty In Environmental Economics
  Robert S. Pindyck #12752 (IO)
  
• Party Influence in Congress and the Economy
  Erik Snowberg, Justin Wolfers and Eric Zitzewitz #12751 (AP, EFG, LS, PE, POL)
  
• Coalition Formation in Political Games
  Daron Acemoglu, Georgy Egorov and Konstantin Sonin #12749 (POl)
  
• Emergence and Persistence of Inefficient States
  Daron Acemoglu, Davide Ticchi and Andrea Vindigni #12748 (EFG, POL)
  
• Contractual Frictions and Global Sourcing
  Pol Antras and Elhanan Helpman #12747 (ITI)
  
• How Large Is the Housing Wealth Effect? A New Approach
  Christopher D. Carroll, Misuzu Otsuka and Jirka Slacalek #12746 (AP, EFG, ME)
  
• Trade Agreements as Endogenously Incomplete Contracts
  Henrik Horn, Giovanni Maggi and Robert W. Staiger #12745 (ITI)
  
• Unspanned Stochastic Volatility and the Pricing of Commodity Derivatives
  Anders B. Trolle and Eduardo S. Schwartz #12744 (AP)
  
• Does Increased Access Increase Equality? Gender and Child Health Investments in India
  Emily Oster #12743 (LS, HC)
  
• Catastrophe Bonds, Reinsurance, and the Optimal Collateralization of Risk-Transfer
  Darius Lakdawalla and George Zanjani #12742 (CF, PE, AP)
  
• The "Stern Review" on the Economics of Climate Change
  William D. Nordhaus #12741 (EFG, PE)
  
• Comparing Two Variants of Calvo-Type Wage Stickiness
  Stephanie Schmitt-Grohe and Martin Uribe #12740 (EFG, ME)
  
• Family Firms, Paternalism, and Labor Relations
  Holger M. Mueller and Thomas Philippon #12739 (CF, LS)
  
• The Political Economy of Warfare
  Edward L. Glaeser #12738 (POL, PE)
  
• Do Students Care about School Quality? Determinants of Dropout Behavior in Developing Countries
  Eric A. Hanushek, Victor Lavy and Kohtaro Hitomi #12737 (CS, ED, LS, PE)
  
• The Effects of the Ageing European Population on Economic Growth and Budgets: Implications for Immigration and Other Policies
  Martin S. Feldstein #12736 (LS, PE)
  
• Global Patterns of Income and Health: Facts, Interpretations, and Policies
  Angus Deaton #12735 (AG, EFG, HC)
  
• International Reserves Management and the Current Account
  Joshua Aizenman #12734 (ITI,IFM)
  
• Evaluating Effects of Tax Preferences on Health Care Spending and Federal Revenues
  John F. Cogan, R. Glenn Hubbard and Daniel P. Kessler #12733 (PE)
  
• Taxing Sales Under the FairTax: What Rate Works?
  Paul Bachman, Jonathan Haughton, Laurence J. Kotlikoff, Alfonso Sanchez-Penalver, and David G. Tuerck #12732(PE)
  

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Week of November 20- November 27, 2006

• Pricing to Habits and the Law of One Price
  Morten Ravn, Stephanie Schmitt-Grohe and Martin Uribe #12731 (EFG, IFM)
  
• Taxing Consumption and Other Sins
  James R. Hines Jr. #12730 (PE)
  
• The Nature of Exchange Rate Regimes
  Michael W. Klein and Jay C. Shambaugh #12729 (IFM)
  
• Is Home Bias in Assets Related to Home Bias in Goods?
  Eric van Wincoop and Francis E. Warnock #12728 (IFM)
  
• What Do Trade Negotiators Negotiate About? Empirical Evidence from the World Trade Organization
  Kyle Bagwell and Robert W. Staiger #12727 (ITI)
  
• Sudden Flight and True Sudden Stops
  Alexander D. Rothenberg, Francis E. Warnock #12726 (IFM)
  
• Do Trade Policy Differences Induce Sorting? Theory and Evidence from Bangladeshi Apparel Exporters
  Svetlana Demidova, Hiau Looi Kee and Kala Krishna #12725 (ITI)
  
• Security Issue Timing: What Do Managers Know, and When Do They Know It?
  Dirk Jenter, Katharina Lewellen and Jerold B. Warner #12724 (CF, AP)
  
• The Determinants of Household Saving in China: A Dynamic Panel Analysis of Provincial Data
  Charles Yuji Horioka and Junmin Wan #12723 (AG, EFG)
  
• Innovation and Productivity across Four European Countries
  Rachel Griffith, Elena Huergo, Jacques Mairesse and Bettina Peters #12722 (PR)
  
• Trading Tasks: A Simple Theory of Offshoring
  Gene M. Grossman and Esteban Rossi-Hansberg #12721 (EFG, ITI)
  
• Coarse Thinking and Persuasion
  Sendhil Mullainathan, Joshua Schwartzstein, Andrei Shleifer #12720 (AP, CF, IO)
  
• A Comment Concerning Deposit Insurance and Moral Hazard
  Gary Richardson #12719 (DAE, CF, ME)
  
• Financial Versus Monetary Mercantilism-Long-run View of Large International Reserves Hoarding
  Joshua Aizenman and Jaewoo Lee #12718 (IFM, ITI)
  
• Bank Distress during the Great Depression: The Illiquidity-Insolvency Debate Revisited
  Gary Richardson #12717 (DAE, ME)
  
• Correspondent Clearing and the Banking Panics of the Great Depression
  Gary Richardson #12716 (DAE, ME)
  
• Quarterly Data on the Categories and Causes of Bank Distress During the Great Depresssion
  Gary Richardson #12715 (DAE, ME)
  
• Painting by Proxy: The Conceptual Artist as Manufacturer
  David W. Galenson #12714 (LS, PR)
  
• The Effect of Monetary Policy on Real Commodity Prices
  Jeffrey A. Frankel #12713 (ME)
  
• A Product-Quality View of the Linder Hypothesis
  Juan Carlos Hallak #12712 (ITI)
  

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Week of November 6- November 13, 2006

• Vector Multiplicative Error Models: Representation and Inference
  Fabrizio Cipollini, Robert F. Engle, and Giampiero M. Gallo #t0331 (TWP)
  
• A Stable International Monetary System Emerges: Inflation Targeting is Bretton Woods, Reversed
  Andrew K. Rose #12711 (IFM, ME)
  
• Gold Rush Fever in Business Cycles
  Paul Beaudry, Fabrice Collard and Franck Portier #12710 (EFG)
  
• Who Misvotes? The Effect of Differential Cognition Costs on Election Outcomes
  Kelly Shue and Erzo F. P. Luttmer #12709 (PE, POL)
  
• The "Great Moderation" and the US External Imbalance
  Fabrizio Perri, Alessandra Fogli #12708 (EFG, IFM)
  
• What Drives Media Slant? Evidence from U.S. Daily Newspapers
  Matthew Gentzkow and Jesse M. Shapiro #12707 (IO, POL)
  
• Contracts as Reference Points
  Oliver Hart and John Moore #12706 (CF, LE, LS)
  
• Basel II: A Contracting Perspective
  Edward J. Kane #12705 (CF)
  
• Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
  Hamid Faruqee, Douglas Laxton, Dirk Muir and Paolo Pesenti #12704 (IFM, ITI)
  
• Deflationary Shocks and Monetary Rules: an Open-Economy Scenario Analysis
  Douglas Laxton, Papa N'Diaye and Paolo Pesenti#12703 (IFM, ME)
  
• Repugnance as a Constraint on Markets
  Alvin E. Roth #12702 (HC, LE)
  
• Bequest and Tax Planning: Evidence From Estate Tax Returns
  Wojciech Kopczuk #12701 (AG, PE)
  
• Instruments of Commerce and Knowledge: Probe Microscopy, 1980-2000
  Cyrus C. M. Mody #12700 (ED, LS, PR)
  
• Pricing-to-Market, the Interest-Rate Rule, and the Exchange Rate
  Maurice Obstfeld #12699 (IFM, ITI)
  
• Capital Account Liberalization: Theory, Evidence, and Speculation
  Peter Blair Henry #12698 (AP, CF, EFG, IFM, ITI, ME, POL)
  
• Is the International Diversification Potential Diminishing? Foreign Equity Inside and Outside the US
  Karen K. Lewis #12697 (AP, IFM)
  
• Americans' Dependency on Social Security
  Laurence J. Kotlikoff, Ben Marx and Pietro Rizza #12696 (AG)
  
• The Economics of Conflicts of Interest in Financial Institutions
  Hamid Mehran and Rene M. Stulz #12695 (CF)
  
• The Evolution of Work
  Markus Mobius and Raphael Schoenle #12694 (IO, lS, PR)
  
• Educational Mismatch Among Ph.D.s: Determinants and Consequences
  Keith A. Bender, John S. Heywood #12693 (ED)
  
• International Knowledge Flows: Evidence from an Inventor-Firm Matched Data Set
  Jinyoung Kim, Sangjoon John Lee and Gerald Marschke #12692 (PR, ITI)
  
• Does Science Promote Women? Evidence from Academia 1973-2001
  Donna K. Ginther and Shulamit Kahn #12691 (ED, LS)
  
• Vector Multiplicative Error Models: Representation and Inference
  Fabrizio Cipollini, Robert F. Engle, Giampiero M. Gallo #12690 (AP)
  
• AIDS Treatment and Intrahousehold Resource Allocations: Children's Nutrition and Schooling in Kenya
  Joshua S. Graff Zivin, Harsha Thirumurthy, Markus Goldstein #12689 (CH, HC, HE)
  
• The Effect of Subjective Survival Probabilities on Retirement and Wealth in the United States
  David E. Bloom, David Canning, Michael Moore and Younghwan Song #12688 (AG, HC, HE, LS, PE)
  
• Has Globalization Changed Inflation?
  Laurence M. Ball #12687 (EFG, ME)
  

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Week of October 30-November 6, 2006

• Health Shocks, Village Elections, and Long-Term Income: Evidence from Rural China
  Li Gan, Lixin Colin Xu and Yang Yao #12686 (HE, LS, PE)
  
• The Optimal Income Taxation of Couples
  Henrik Jacobsen Kleven, Claus Thustrup Kreiner and Emmanuel Saez #12685 (PE)
  
• Optimal exchange rate regimes: Turning Mundell-Fleming's dictum on its head
  Amartya Lahiri, Rajesh Singh and Carlos A. Vegh #12684 (IFM)
  
• The Growing Allocative Inefficiency of the U.S. Higher Education Sector
  James D. Adams and J. Roger Clemmons #12683 (PR)
  
• Price Impacts of Deals and Predictability of the Exchange Rate Movements
  Takatoshi Ito and Yuko Hashimoto #12682 (IFM, AP)
  
• Health Insurance as a Two-Part Pricing Contract
  Darius Lakdawalla and Neeraj Sood #12681 (HE, HC, IO)
  
• Economic Well-Being at Older Ages: Income- and Consumption-Based Poverty Measures in the HRS
  Michael D. Hurd and Susann Rohwedder #12680 (AG)
  
• Judicial Fact Discretion
  Nicola Gennaioli and Andrei Shleifer #12679 (CF, LE)
  
• Is Terrorism Eroding Agglomeration Economies in Central Business Districts? Lessons from the Office Real Estate Market in Downtown Chicago
  Alberto Abadie and Sofia Dermisi #12678 (AP, LS)
  
• World Technology Usage Lags
  Diego A. Comin, Bart Hobijn and Emilie Rovito #12677 (EFG, PR)
  
• European Pharmaceutical Price Regulation, Firm Profitability, and R&D Spending
  Joseph H. Golec and John A. Vernon #12676 (HE, LE)
  
• Complex Ownership Structures and Corporate Valuations
  Luc Laeven and Ross Levine #12675 (CF, IFM)
  
• The SES Health Gradient on Both Sides of the Atlantic
  James Banks, Michael Marmot, Zoe Oldfield, James P. Smith #12674 (AG, HE, HC)
  
• Euros and Zeros: The Common Currency Effect on Trade in New Goods
  Richard E. Baldwin and Virginia Di Nino #12673 (IFM, ITI)
  
• Linear-Quadratic Approximation of Optimal Policy Problems
  Pierpaolo Benigno and Michael Woodford #12672 (EFG, ME)
  
• Testing Models of Low-Frequency Variability
  Ulrich Mueller and Mark W. Watson #12671 (EFG, ME)
  
• A Search-Based Theory of the On-the-Run Phenomenon
  Dimitri Vayanos and Pierre-Olivier Weill #12670 (AP)
  
• Minerva Unbound: Knowledge Stocks, Knowledge Flows and New Knowledge Production
  Lynne G. Zucker, Michael R. Darby, Jonathan Furner, Robert C. Liu and Hongyan Ma #12669 (ED, PR)
  
• A Solution to Two Paradoxes of International Capital Flows
  Jiandong Ju, Shang-Jin Wei #12668 (IFM, ITI)
  
• Do External Interventions Work? The Case of Trade Reform Conditions in IMF Supported Programs
  Shang-Jin Wei and Zhiwei Zhang #12667 (IFM, ITI)
  
• On the Origins of "A Monetary History"
  Hugh Rockoff #12666 (DAE, ME, EFG)
  
• Origins and Consequences of Child Labor Restrictions: A Macroeconomic Perspective
  Matthias Doepke and Dirk Krueger #12665 (CH, ED, EFG, PE, LS)
  
• Quality-Consistent Estimates of International Returns to Skill
  Eric A. Hanushek and Lei Zhang #12664 (ED, LS)
  
• Minimum Wages and Employment: A Review of Evidence from the New Minimum Wage Research
  David Neumark and William Wascher #12663 (LS)
  
• The Historical Origins of U.S. Exchange Market Intervention Policy
  Michael D. Bordo, Owen Humpage and Anna J. Schwartz #12662 (DAE, ME, IFM)
  
• Anticipating the Stock Market Crash of 1929: The View from the Floor of the Stock Exchange
  Eugene N. White #12661 (AP, DAE)
  
• Thin-Slice Forecasts of Gubernatorial Elections
  Daniel J. Benjamin and Jesse M. Shapiro #12660 (POL)
  

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Week of October 23-October 30, 2006

• Simplification and Saving
  John Beshears, James J. Choi, David Laibson and Brigitte C. Madrian #12659 (AG, LS, PE)
  
• Asset Pricing Models with Conditional Betas and Alphas: The Effects of Data Snooping and Spurious Regression
  Wayne E. Ferson, Sergei Sarkissian and Timothy Simin #12658 (AP)
  
• Was the Wealth of Nations Determined in 1000 B.C.?
  Diego Comin, William Easterly and Erick Gong #12657 (DAE, EFG, PR)
  
• Bankruptcy and Collateral in Debt Constrained Markets
  Timothy J. Kehoe and David K. Levine #12656 (CF, EFG)
  
• Is the Eldest Son Different? The Residential Choice of Siblings in Japan
  Midori Wakabayashi and Charles Y. Horioka #12655 (AG, CH)
  
• Inflation Implications of Rising Government Debt
  Chryssi Giannitsarou and Andrew Scott #12654 (IFM, ME, PE)
  
• Political Competitiveness
  Casey B. Mulligan and Kevin K. Tsui #12653 (IO, PE, POL)
  
• The Effects of Education Quality on Income Growth and Mortality Decline
  Eliot A. Jamison, Dean T. Jamison and Eric A. Hanushek #12652 (CH, ED, EFG, ITI, LS)
  
• School Quality and the Black-White Achievement Gap
  Eric A. Hanushek and Steven G. Rivkin #12651 (CH, ED, HE, LS ,PE)
  
• Long Term Risk: An Operator Approach
  Lars Peter Hansen and Jose Scheinkman #12650 (AP)
  
• Why do firms hold so much cash? A tax-based explanation
  C. Fritz Foley, Jay C. Hartzell, Sheridan Titman and Garry Twite #12649 (CF, ITI, PE)
  
• Learning and Disagreement in an Uncertain World
  Daron Acemoglu, Victor Chernozhukov and Muhamet Yildiz #12648 (AP, EFG)
  
• Two Flaws In Business Cycle Accounting
  Lawrence J. Christiano and Joshua M. Davis #12647 (EFG)
  
• Product Differentiation and Film Programming Choice: Do First-Run Movie Theatres Show the Same Films?
  Darlene C. Chisholm, Margaret S. McMillan and George Norman #12646 (IO)
  

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Week of October 16-October 23, 2006

• The Economics of Earnings Manipulation and Managerial Compensation
  Keith J. Crocker and Joel Slemrod #12645 (CF, LS)
  
• Devaluation with Contract Redenomination in Argentina
  Charles Calomiris #12644 (CF, IFM, ME)
  
• Cost-Offsets of New Medications for Treatment of Schizophrenia
  Richard G. Frank, Thomas G. McGuire and Sharon-Lise Normand #12643 (HC)
  
• Welfare Reform and Indirect Impacts on Health
  Marianne Bitler and Hilary W. Hoynes #12642 (HE, HC, PE)
  
• Crime and Punishment in the "American Dream"
  Rafael Di Tella and Juan Dubra #12641 (LS, PE)
  
• University Patenting: Estimating the Diminishing Breadth of Knowledge Diffusion and Consumption
  Carlos Rosell and Ajay Agrawal #12640 (PR)
  
• Cash-on-Hand and Competing Models of Intertemporal Behavior: New Evidence from the Labor Market
  David Card, Raj Chetty, and Andrea Weber #12639 (AG, EFG, LS, PE)
  
• Revealing the Secrets of the Temple: The Value of Publishing Central Bank Interest Rate Projections
  Glenn D. Rudebusch and John C. Williams #12638 (AP)
  
• A New Framework for Analyzing and Managing Macrofinancial Risks of an Economy
  Dale F. Gray, Robert C. Merton and Zvi Bodie #12637 (EFG,IFM, ME)
  
• When Bioterrorism Was No Big Deal
  Patricia E. Beeson and Werner Troesken #12636 (DAE, HC)
  
• Tacit Collusion in the Presence of Cyclical Demand and Endogenous Capacity Levels
  Christopher R. Knittel and Jason J. Lepore #12635 (IO)
  
• The Irrelevance of Market Incompleteness for the Price of Aggregate Risk
  Dirk Krueger and Hanno Lustig #12634 (AP, EFG)
  
• Illiquid Assets and Optimal Portfolio Choice
  Eduardo S. Schwartz and Claudio Tebaldi #12633 (AP)
  
• Does Television Cause Autism?
  Michael Waldman, Sean Nicholson and Nodir Adilov #12632 (CH, HC)
  
• The Impact of Incentives on Human Behavior: Can We Make It Disappear? The Case of the Death Penalty
  Naci H. Mocan and R. Kaj Gittings #12631 (HE)
  
• On the Heterogeneity of Dowry Motives
  Raj Arunachalam and Trevon D. Logan #12630 (CH, LS)
  
• Real Business Cycles in Emerging Countries?
  Javier Garcia-Cicco, Roberto Pancrazi and Martin Uribe #12629 (EFG, IFM)
  
• Cramming: The Effects of School Accountability on College-Bound Students
  Colleen Donovan, David N. Figlio and Mark Rush #12628 (CH, ED)
  
• Individual Teacher Incentives And Student Performance
  David N. Figlio and Lawrence Kenny #12627 (CH, ED)
  
• The Performance of Reverse Leveraged Buyouts
  Jerry Cao and Josh Lerner #12598 (CF)
  

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Week of October 9-October 16, 2006

• Moving the Goalposts: Addressing Limited Overlap in the Estimation of Average Treatment Effects by Changing the Estimand
  Richard K. Crump, V. Joseph Hotz, Guido W. Imbens, and Oscar A. Mitnik #t0330 (TWP)
  
• On the Existence and Efficiency of Equilibria Under Liability Rules
  Ram Singh #12625 (LE)
  
• Welfare Reform and Family Expenditures: How are Single Mothers Adapting to the New Welfare and Work Regime?
  Neeraj Kaushal, Qin Gao and Jane Waldfogel #12624 (CH, PE)
  
• Tradeoffs from Integrating Diagnosis and Treatment in Markets for Health Care
  Christopher C. Afendulis and Daniel P. Kessler #12623 (HC)
  
• Relationship Banking and the Pricing of Financial Services
  Charles Calomiris and Thanavut Pornrojnangkool #12622 (CF, IO, LE)
  
• Demographic Change, Social Security Systems, and Savings
  David E. Bloom, David Canning, Rick Mansfield and Michael Moore #12621 (AP, EFG, LS, PE)
  
• External Imbalances in an Advanced, Commodity-Exporting Country: The Case of New Zealand
  Sebastian Edwards #12620 (IFM)
  
• An Instrumental Variable Evaluation of Antidepressant Use on Employment Among HIV-Infected Women Using Highly-Active Antiretroviral Therapy in the United States: 1996-2004
  Omar Galarraga, David S. Salkever, Judith A. Cook and Stephen J. Gange #12619 (LS, HC, HE)
  
• Reservation Wages and Unemployment Insurance
  Robert Shimer and Ivan Werning #12618 (EFG, PE, LS)
  
• Regulation – the Corridor to Liberalization: The Experience of the Israeli Phone Market 1984-2005
  Reuben Gronau #12617 (IO)
  
• A Simple Test of the Effect of Interest Rate Defense
  Allan Drazen and Stefan Hubrich #12616 (DAE, IFM)
  
• Time Preference, Time Discounting, and Smoking Decisions
  Ahmed Khwaja, Dan Silverman and Frank Sloan #12615 (HE)
  
• Bubbles and Self-Enforcing Debt
  Christian Hellwig and Guido Lorenzoni #12614 (AP, EFG, IFM)
  
• British Colonial Institutions and Economic Development in India
  Shilpi Kapur and Sukkoo Kim #12613 (DAE, CF)
  
• Tracing the Impact of Bank Liquidity Shocks: Evidence from an Emerging Market
  Atif Mian and Asim Ijaz Khwaja #12612 (CF, IFM, ME)
  
• Evaluating the Economic Significance of Downward Nominal Wage Rigidity
  Michael W. Elsby #12611 (LS, ME, EFG)
  
• Lost Decades: Lessons from Post-Independence Latin America for Today's Africa
  Robert H. Bates, John H. Coatsworth and Jeffrey G. Williamson #12610 (EFG, POL)
  
• Equilibrium Yield Curves
  Monika Piazzesi and Martin Schneider #12609 (AP, EFG, ME)
  
• Methodological Issues in the Evaluation of Parental Involvement Laws: Evidence from Texas
  Silvie Colman, Theodore J. Joyce and Robert Kaestner #12608 (HE)
  
• Further Tests of Abortion and Crime: A Response to Donohue and Levitt (2001,2004, 2006)
  Theodore J. Joyce #12607 (HE, LE)
  
• The Conquest of South American Inflation
  Thomas Sargent, Noah Williams and Tao Zha #12606 (EFG, ME)
  
• Sticky Information in General Equilibrium
  N. Gregory Mankiw and Ricardo Reis #12605 (EFG, ME)
  
• Strategic Incompatibility in ATM Markets
  Christopher R. Knittel and Victor Stango #12604 (IO, LE)
  
• Lead Pipes and Child Mortality
  Karen Clay, Werner Troesken and Michael Haines #12603 (CH, DAE, HE)
  
• Trade Costs in the First Wave of Globalization
  David S. Jacks, Christopher M. Meissner and Dennis Novy #12602 (DAE)
  
• The Causes and Consequences of Land Use Regulation: Evidence from Greater Boston
  Edward L. Glaeser and Bryce A. Ward #12601 (EFG, PE)
  
• Progressive Estate Taxation
  Emmanuel Farhi and Ivan Werning #12600 (EFG, PE)
  
• You Cannot be Serious: The Conceptual Innovator as Trickster
  David Galenson #12599 (LS)
  
• The Assignment of Property Rights on the Western Frontier: Lessons for Contemporary Environmental and Resource Policy
  Gary D. Libecap #12598 (DAE)
  
• Defined Contribution Plans, Defined Benefit Plans, and the Accumulation of Retirement Wealth
  James Poterba, Joshua Rauh, Steven Venti, and David Wise #12597 (AG, CF, LS, PE)
  
• Professor Qualities and Student Achievement
  Florian Hoffmann and Philip Oreopoulos #12596 (CH, ED)
  
• What Drove First Year Premiums in Stand-Alone Medicare Drug Plans?
  Kosali I. Simon and Claudio Lucarelli #12595 (AG, HC, HE)
  
• Deposit Insurance and the Composition of Bank Suspensions in Developing Economies: Lessons from the State Deposit Insurance Experiments of the 1920S
  Ching-Yi Chung and Gary Richardson #12594 (DAE, ME)
  
• David Laidler on Monetarism
  Michael Bordo and Anna J. Schwartz #12593 (ME)
  
• Skill vs. Luck in Entrepreneurship and Venture Capital: Evidence from Serial Entrepreneurs
  Paul Gompers, Anna Kovner, Josh Lerner, and David Scharfstein #12592 (CF)
  
• Monetary Intervention Mitigated Banking Panics During the Great Depression: Quasi-Experimental Evidence from the Federal Reserve District Border in Mississippi, 1929 to 1933
  Gary Richardson #12591 (DAE, ITI)
  
• Bank Distress During the Great Contraction, 1929 to 1933, New Data from the Archives of the Board of Governors
  Gary Richardson #12590 (DAE, ME)
  

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Week of October 2-October 9, 2006

• Cross-border Listings, Capital Controls, and Equity Flows To Emerging Markets
  Hali J. Edison and Francis E. Warnock #12589 (IFM)
  
• Optimal Inequality/Optimal Incentives: Evidence from a Tournament
  Richard B. Freeman and Alexander M. Gelber #12588 (LS, POL)
  
• Volatility in International Financial Market Issuance: The Role of the Financial Center
  Marco Cipriani and Graciela L. Kaminsky #12587 (IFM)
  
• Fiscal Policy and Macroeconomic Uncertainty in Developing Countries: The Tale of the Tormented Insurer
  Enrique G. Mendoza and P. Marcelo Oviedo #12586 (IFM)
  
• Baby Boomer Retirement Security: the Roles of Planning, Financial Literacy, and Housing Wealth
  Annamaria Lusardi and Olivia S. Mitchell #12585 (AG)
  
• Shooting the Auctioneer
  Roger E. A. Farmer and Andrew Hollenhorst #12584 (EFG)
  
• When Knowledge is an Asset: Explaining the Organizational Structure of Large Law Firms
  James B. Rebitzer and Lowell J. Taylor #12553 (IO, LS)
  
• National Survey Evidence on Disasters and Relief: Risk Beliefs, Self-Interest, and Compassion
  W. Kip Viscusi and Richard J. Zeckhauser #12582 (LE)
  
• Technology and Labor Regulations
  Alberto Alesina and Joseph Zeira #12581 (EFG, LS, ME)
  
• Losing our Marbles in the New Century? The Great Rebalancing in Historical Perspective
  Christopher M. Meissner and Alan M. Taylor #12580 (DAE, IFM, ITI)
  
• Testing the Theory of Trade Policy: Evidence from the Abrupt End of the Multifibre Arrangement
  James Harrigan and Geoffrey Barrows #12579 (ITI)
  
• Optimal Liability for Terrorism
  Darius Lakdawalla and Eric Talley #12578 (LE)
  
• Intellectual Property and Marketing
  Darius Lakdawalla, Tomas Philipson and Y. Richard Wang #12577 (AG, HC, HE)
  
• Commercial Policy in a Predatory World
  James E. Anderson #12576 (DAE, ITI)
  
• How to Advance Theory with Structural VARs: Use the Sims-Cogley-Nason Approach
  Patrick J. Kehoe #12575 (EFG, IFM, ME)
  

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