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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of June 24, 2002

Latest NBER Working Papers

• It's Fourth Down and What Does the Bellman Equation Say? A Dynamic-Programming Analysis of Football Strategy
  David Romer #9024 (IO)
  
• Shipping the Good Apples Out? An Empirical Confirmation of the Alchian-Allen Conjecture
  David Hummels and Alexandre Skiba #9023 (ITI)
  
• Intra-national Home Bias: Some Explanations
  Russell Hillberry and David Hummels #9022 (ITI)
  
• The Impact of Social Policy and Economic Activity Throughout the Fertility Decision Tree
  Phillip B. Levine #9021 (HE, LS, PE)
  
• Explaining Home Bias in Consumption: The Role of Intermediate Input Trade
  Russell Hillberry and David Hummels #9020 (ITI)
  
• Globalization and Changing Patterns in the International Transmission of Shocks in Financial Markets
  Michael D. Bordo and Antu Panini Murshid #9019 (DAE, IFM, ME)
  
• Child Labor: The Role of Income Variability and Access to Credit Across Countries
  Rajeev Dehejia and Roberta Gatti #9018 (LS)
  
• Intermediaries in the U.S. Market for Technology, 1870-1920
  Naomi R. Lamoreaux and Kenneth L. Sokoloff #9017 (DAE, PR)
  
• Expenditure Switching and Exchange Rate Policy
  Charles Engel #9016 (IFM)
  
• Taxes and Entrepreneurial Activity: Theory and Evidence for the U.S.
  Roger H. Gordon and Julie Berry Cullen #9015 (CF, PE)
  
• Labor Supply Effects of Social Insurance
  Alan B. Krueger and Bruce D. Meyer #9014 (LS, PE)
  
• Women, War and Wages: The Effect of Female Labor Supply
  Daron Acemoglu, David H. Autor and David Lyle #9013 (EFG, LS)
  
• The Bush Tax Cut and National Saving
  Alan J. Auerbach #9012 (PE)
  
• How Could Everyone Have Been So Wrong? Forecasting the Great Depression with the Railroads
  John Landon-Lane and Eugene N. White #9011 (DAE)
  
• Bankruptcy and Small Firms' Access to Credit
  Jeremy Berkowitz and Michelle J. White #9010 (CF, LE)
  
• Bidder Discounts and Target Premia in Takeovers
  Boyan Jovanovic and Serguey Braguinsky #9009 (AP, CF)
  
• Gains from FDI Inflows with Incomplete Information
  Assaf Razin and Efraim Sadka #9008 (IFM)
  
• Biotech-Pharmaceutical Alliances as a Signal of Asset and Firm Quality
  Sean Nicholson, Patricia M. Danzon and Jeffrey McCullough #9007 (CF, HC)
  
• Endogenous Political Institutions
  Philippe Aghion, Alberto Alesina and Francesco Trebbi #9006 (EFG, PE)
  

  Chapters for Forthcoming NBER Books

  "FILP: How Much Has Been Lost? How Much More Will Be Lost?"
  Takero Doi and Takeo Hoshi
  Comment by Charles W. Calomiris on "Financial Systems, Economic Growth, and Globalization Peter L. Rousseau and Richard E. Sylla
  "Do Taxpayers Bunch at Kink Points?"
  Emmanuel Saez
  "Work Costs and Nonconvex Preferences in the Estimation of Labor Supply Models"
  Bradley T. Heim and Bruce D. Meyer
  "Green Preferences: Testable Empirical Implications of the Growth and Environment Literature"
  Debra Israel and Arik Levinson

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Week of June 17, 2002

Latest NBER Working Papers

• Monetary Policy in a Financial Crisis
  Lawrence J. Christiano, Christopher Gust and Jorge Roldos #9005 (EFG, ME)
  
• Heat or Eat? Cold Weather Shocks and Nutrition in Poor American Families
  Jayanta Bhattacharya, Thomas DeLeire, Steven Haider and Janet Currie #9004 (CH, HC)
  
• Food Insecurity or Poverty? Measuring Need-Related Dietary Adequacy
  Jayanta Bhattacharya, Steven Haider and Janet Currie #9003 (CH, HE, LS, PE)
  
• The Performance of Performance Standards
  James Heckman, Carolyn Heinrich and Jeffrey Smith #9002 (LS, PE)
  
• Entrepreneurship in Equilibrium
  Denis Gromb and David Scharfstein #9001 (CF)
  
• Daily Cross-Border Equity Flows: Pushed or Pulled?
  John M. Griffin, Federico Nardari and Rene M. Stulz #9000 (AP)
  
• The Roots of Latin American Protectionism: Looking Before the Great Depression
  John H. Coatsworth and Jeffrey G. Williamson #8999 (DAE, ITI, LS)
  
• Where Do U.S. Immigrants Come From, and Why?
  Ximena Clark, Timothy J. Hatton and Jeffrey G. Williamson #8998 (DAE, ITI)
  
• Art Auctions: A Survey of Empirical Studies
  Orley Ashenfelter and Kathryn Graddy #8997 (AP, IO, LE)
  
• Benefits and Costs of Newer Drugs: An Update
  Frank Lichtenberg #8996 (HC, PE)
  
• When Does Trade Hurt? Market, Transition and Developing Economies
  Kala Krishna and Cemile Yavas #8995 (ITI)
  
• Are Financial Assets Priced Locally or Globally?
  G. Andrew Karolyi and Rene M. Stulz #8994 (AP, CF)
  
• The Impact of Unionization on Establishment Closure: A Regression Discontinuity Analysis of Representation Elections
  John DiNardo and David S. Lee #8993 (LS)
  
• U.S. Stock Market Crashes and Their Aftermath: Implications for Monetary Policy
  Frederic S. Mishkin and Eugene N. White #8992 (DAE, EFG, ME)
  
• Stock Valuation and Learning about Profitability
  Lubos Pastor and Pietro Veronesi #8991 (AP)
  
• The Market Price of Credit Risk: An Empirical Analysis of Interest Rate Swap Spreads
  Jun Liu, Francis A. Longstaff and Ravit E. Mandell #8990 (AP)
  

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Week of June 10, 2002

Latest NBER Working Papers

• Ownership Form and Trapped Capital in the Hospital Industry
  Henry Hansmann, Daniel Kessler, Mark McClellan #8989
  
• Risk Sharing and Asset Prices: Evidence From a Natural Experiment
  Anusha Chari, Peter Blair Henry #8988
  
• Stocks as Money: Convenience Yield and the Tech-Stock Bubble
  John H. Cochrane #8987
  
• The Relationship Between Education and Adult Mortality in the United States
  Adriana Lleras-Muney #8986
  
• A Pollution Theory of Discrimination: Male and Female Differences in Occupations and Earnings
  Claudia Goldin #8985
  
• Private and Social Incentives for Fertility: Israeli Puzzles
  Charles F. Manski, Joram Mayshar #8984
  
• Evaluating Welfare Reform in the United States
  Rebecca M. Blank #8983
  
• Industry Growth and Capital Allocation: Does Having a Market- or Bank-Based System Matter?
  Thorsten Beck, Ross Levine #8982
  
• The Allocation of Resources by Interest Groups: Lobbying, Litigation and Administrative Regulation
  John M. de Figueiredo, Rui J.P. de Figueiredo #8981
  
• Are All Patent Examiners Equal? The Impact of Examiner Characteristics
  Iain M. Cockburn, Samuel Kortum, Scott Stern #8980
  
• Social Networks and the Aggregation on Individual Decisions
  D. Lee Heavner, Lance Lochner #8979
  
• The Distribution of Tax Burdens: An Introduction
  Gilbert E. Metcalf, Don Fullerton #8978
  
• Patent Protection and Innovation Over 150 Years
  Josh Lerner #8977
  
• Intellectual Property, Antitrust and Strategic Behavior
  Dennis W. Carlton, Robert H. Gertner #8976
  
• Understanding the Black-White Test Score Gap in the First Two Years of School
  Roland G. Fryer, Jr., Steven D. Levitt #8975
  

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Week of June 3, 2002

Latest NBER Working Papers

• IMF Programs: Who is Chosen and What Are the Effects?
  Robert J. Barro, Jong-Wha Lee #8951
  
• Economic Development as Self-Discovery
  Ricardo Hausmann, Dani Rodrik #8952
  
• Odious Debt
  Michael Kremer, Seema Jayachandran #8953
  
• Going Public When You Can in Biotechnology
  Michael R. Darby, Lynne G. Zucker #8954
  
• From Malthus to Ohlin: Trade, Growth and Distribution Since 1500
  Kevin H. O'Rourke, Jeffrey G. Williamson #8955
  
• Closed-Form Likelihood Expansions for Multivariate Diffusions
  Yacine Ait-Sahalia #8956
  
• The Complexion Gap: The Economic Consequences of Color among Free African Americans in the Rural Antebellum South
  Howard Bodenhorn #8957
  
• Social Security and Democracy
  Casey B. Mulligan, Ricard Gil, Xavier Sala-i-Martin #8958
  
• Micro Effects of Macro Announcements: Real-Time Price Discovery in Foreign Exchange
  Torben G. Andersen, Tim Bollerslev, Francis X. Diebold, Clara Vega #8959
  
• Trade Credit, Financial Intermediary Development and Industry Growth
  Raymond Fisman, Inessa Love #8960
  
• Equity Volatility and Corporate Bond Yields
  John Y. Campbell, Glen B. Taksler #8961
  
• Estimating Price Elasticities When there is Smuggling: The Sensitivity of Smoking to Price in Canada
  Jonathan Gruber, Anindya Sen, Mark Stabile #8962
  
• The Modern History of Exchange Rate Arrangements: A Reinterpretation
  Carmen M. Reinhart, Kenneth S. Rogoff #8963
  
• Where the boys aren't: Non-cognitive skills, returns to school and the gender gap in higher education
  Brian A. Jacob #8964
  
• Studying Ourselves: The Academic Labor Market
  Ronald G. Ehrenberg #8965
  
• Boom-Busts in Asset Prices, Economic Instability, and Monetary Policy
  Michael D. Bordo, Olivier Jeanne #8966
  
• Capital Account Liberalization, Institutions and Financial Development: Cross Country Evidence
  Menzie D. Chinn, Hiro Ito #8967
  
• Accountability, Incentives and Behavior: The Impact of High-Stakes Testing in the Chicago Public Schools
  Brian A. Jacob #8968
  
• Paper millionaires: How valuable is stock to a stockholder who is restricted from selling it?
  Matthias Kahl, Jun Liu, Francis A. Longstaff #8969
  
• Asset Prices in a Flexible Inflation Targeting Framework
  Stephen G. Cecchetti, Hans Genberg, Sushil Wadhwani #8970
  
• Technological Superiority and the Losses from Migration
  Donald R. Davis, David E. Weinstein #8971
  
• The Use and Meaning of Words in Central Banking: Inflation Targeting, Credibility, and Transparency
  Benjamin M. Friedman #8972
  
• Democratic Policy Making with Real-Time Agenda Setting: Part 1
  B. Douglas Bernheim, Antonio Rangel, Luis Rayo #8973
  
• The Powerful Antitakeover Force of Staggered Boards: Theory, Evidence and Policy
  Lucian Arye Bebchuk, John C. Coates IV, Guhan Subramanian #8974
  

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Week of May 20, 2002

Latest NBER Working Papers

• Why Should Emerging Economies Give up National Currencies: A Case for ‘Institutions Substitution'
  Enrique G. Mendoza #8950 (IFM)
  
• Efficiency and Equity in Schools around the World
  Eric A. Hanushek and Javier A. Luque #8949 (CH, LS, PE, EE)
  
• Economic Interpretations of Intergenerational Correlations
  Nathan D. Grawe and Casey B. Mulligan #8948 (EFG, PE)
  
• Growing by Leaps and Inches: Creative Destruction, Real Cost Reduction, and Inching Up
  Michael R. Darby and Lynne G. Zucker #8947 (PR)
  
• The Growth of Obesity and Technological Change: A Theoretical and Empirical Examination
  Darius Lakdawalla and Tomas Philipson #8946 (HE)
  
• Homeownership in the Immigrant Population
  George J. Borjas #8945 (LS, PE)
  
• Nonparametric Option Pricing under Shape Restrictions
  Yacine Ait-Sahalia and Jefferson Duarte #8944 (AP)
  
• Network Externalities and Technology Adoption: Lessons from Electronic Payments
  Gautam Gowrisankaran and Joanna Stavins #8943 (PR)
  
• The Curley Effect
  Edward L. Glaeser and Andrei Shleifer #8942 (PE)
  
• Estimation and Identification of Structural Parameters in the Presence of Multiple Equilibria
  Russell W. Cooper #8941 (EFG)
  
• The NAIRU in Theory and Practice
  Laurence Ball and N. Gregory Mankiw #8940 (EFG, ME)
  
• Debt Relief and Fiscal Sustainability
  Sebastian Edwards #8939 (IFM)
• The Mildest Recession: Output, Profits, and Stock Prices as the U.S. Emerges from the 2001 Recession
  William D. Nordhaus #8938 (EFG)
  
• Liquidity Shortages and Banking Crises
  Douglas W. Diamond and Raghuram G. Rajan #8937 (CF, EFG, IFM, ME)
  
• Medicaid Managed Care and Infant Health: A National Evaluation
  Robert Kaestner, Lisa Dubay and Genevieve Kenney #8936 (CH, HE)
  
• The New Economy and the Challenges for Macroeconomic Policy
  Stephen G. Cecchetti #8935 (ME)
  
• Exchange Rate Pass-Through into Import Prices: A Macro or Micro Phenomenon
  Jose Manuel Campa and Linda S. Goldberg #8934 (IFM, ITI)
  
• The World Distribution of Income (estimated from Individual Country Distributions)
  Xavier Sala-i-Martin #8933 (EFG)
  
• Has Welfare Reform Changed Teenage Behaviors?
  Robert Kaestner, Sanders Korenman and June O'Neill #8932 (CH, HE)
  
• Religion and Political Economy in an International Panel
  Robert J. Barro and Rachel M. McCleary #8931 (EFG)
  
• Modern Hyper- and High Inflations
  Stanley Fischer, Ratna Sahay and Carlos A. Vegh #8930 (EFG, IFM, ME)
  

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Week of May 13, 2002

Latest NBER Working Papers

• Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment
  Bruce A. Blonigen, Ronald B. Davies and Keith Head #8929 (ITI)
  
• Financial Intermediation
  Gary Gorton and Andrew Winton #8928 (CF)
  
• A Century of Current Account Dynamics
  Alan M. Taylor #8927 (DAE, IFM)
  

  Chapters for Forthcoming NBER Books

  "Barriers to Financial Restructuring: Japanese Banking and Life-Insurance Industries"
  Mitsuhiro Fukao
  "HMO Penetration, Ownership Status, and the Rise of Hospital Advertising"
  Jason R. Barro and Michael Chu
  "Does Governance Matter? The Case of Art Museums"
  Sharon Oster and William N. Goetzmann
  "Spending the US Government Surplus: A Numerical Analysis of the Policy Options"
  Stephen J. Turnovsky and Santanu Chatterjee
  "Spending Introduction to "Globalization in Historical Perspective"
  edited by Michael D. Bordo, Alan M. Taylor and Jeffrey G. Williamson

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Week of May 6, 2002

Latest NBER Working Papers

• The Effects of Gun Prevalence on Burglary: Deterrence vs Inducement
  Philip J. Cook and Jens Ludwig #8926 (HE)
  
• Inflation Targeting: Should It Be Modeled as an Instrument Rule or a Targeting Rule?
  Lars E.O. Svensson #8925 (AP, IFM, ME)
  
• Social Security Privatization Reform and Labor Markets: The Case of Chile
  Sebastian Edwards and Alejandra Cox Edwards #8924 (A, LS, PE)
  
• Does Local Financial Development Matter?
  Luigi Guiso, Paola Sapienza and Luigi Zingales #8923 (CF)
  
• Risk Reduction in Large Portfolios: Why Imposing the Wrong Constraints Helps
  Ravi Jagannathan and Tongshu Ma #8922 (AP)
  
• The Governance of Not-For-Profit Firms
  Edward L. Glaeser #8921 (LE, PE)
  
• Wealth Accumulation and the Propensity to Plan
  John Ameriks, Andrew Caplin and John Leahy #8920 (A, EFG)
  
• Stochastic Technical Progress, Nearly Smooth Trends and Distinct Business Cycles
  Julio J. Rotemberg #8919 (EFG, ME)
  
• Remedial Education and Student Achievement: A Regression-Discontinuity Analysis
  Brian A. Jacob and Lars Lefgren #8918 (CH, EE)
  
• Minimum Standards and Insurance Regulation: Evidence from the Medigap Market
  Amy Finkelstein #8917 (HC, PE)
  

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Week of April 29, 2002

Latest NBER Working Papers

• The Impact of Teacher Training on Student Achievement: Quasi-Experimental Evidence from School Reform Efforts in Chicago
  Brian A. Jacob and Lars Lefgren #8916 (CH, EE)
  
• The Rising (and then Declining) Significance of Gender
  Claudia Goldin #8915 (DAE, LS)
  
• Is Foreign Exchange Intervention Effective?: The Japanese Experiences in the 1990s
  Takatoshi Ito #8914 (IFM)
  
• The Property Tax as a Tax on Value: Deadweight Loss
  Richard Arnott and Petia Petrova #8913 (PE)
  
• Expectation Traps and Monetary Policy
  Stefania Albanesi #8912 (EFG, ME)
  
• Social Security and Elderly Living Arrangements
  Gary V. Engelhardt, Jonathan Gruber and Cynthia D. Perry #8911 (A, PE)
  
• Employment Relationships in the New Economy
  David Neumark and Deborah Reed #8910 (LS)
  
• On the Timeliness of Tax Reform
  James R. Hines Jr. #8909 (PE)
  
• Capital Account Liberalization: Allocative Efficiency or Animal Spirits?
  Anusha Chari and Peter Blair Henry #8908 (CF, IFM)
  
• Physician Income Prediction Errors: Sources and Implications for Behavior
  Sean Nicholson and Nicholas S. Souleles #8907 (EFG, HC)
  

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Week of April 22, 2002

Latest NBER Working Papers

• Junior Must Pay: Pricing the Implicit Put in Privatizing Social Security
  George M. Constantinides, John B. Donaldson and Rajnish Mehra #8906 (A, AP, PE)
  
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
  Tommaso Monacelli and Jordi Gali #8905 (EFG, IFM, ME)
  
• The Disturbing "Rise" of Global Income Inequality
  Xavier Sala-i-Martin #8904 (IFM, ITI)
  
• Can the New Deal's Three R's Be Rehabilitated? A Program-by-Program, County-by-County Analysis
  Price V. Fishback, Shawn Kantor and John Joseph Wallis #8903 (DAE)
  
• The Welfare of Children During the Great Depression
  Price V. Fishback, Michael R. Haines and Shawn Kantor #8902 (DAE)
  
• Cap and Trade Policies in the Presence of Monopoly and Distortionary Taxation
  Don Fullerton and Gilbert E. Metcalf #8901 (PE, ENV)
  
• Financial Opening: Evidence and Policy Options
  Joshua Aizenman #8900 (IFM, ITI)
  
• HMO Penetration, Ownership Status, and the Rise of Hospital Advertising
  Jason R. Barro and Michael Chu #8899 (HC)
  
• Teacher Quality and the Future of America
  Peter Temin #8898 (DAE, LS, PE, EE)
  
• Geography, Economic Policy, and Regional Development in China
  Sylvie Demurger, Jeffrey D. Sachs, Wing Thye Woo, Shuming Bao, Gene Chang and Andrew Mellinger #8897 (EFG, IFM)
  

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Week of April 15, 2002

Latest NBER Working Papers

• Limited Asset Market Participation and the Elasticity of Intertemporal Substitution
  Annette Vissing-Jorgensen #8896 (EFG)
  
• Comovement
  Nicholas Barberis, Andrei Shleifer and Jeffrey Wurgler #8895 (AP)
  
• Exports and Manufacturing Productivity in East Asia: A Comparative Analysis with Firm-Level Data
  Mary Hallward-Driemeier, Giuseppe Iarossi and Kenneth L. Sokoloff #8894 (ITI, PR)
  
• The Policy Context and Infant and Toddler Care in the Welfare Reform Era
  Ann Witte, Magaly Queralt, Robert Witt and Harriet Griesinger #8893 (CH)
  
• Policy-Driven Productivity in Chile and Mexico in the 1980s and 1990s
  Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe and Raimundo Soto #8892 (EFG, IFM)
  
• Strengthening Employment-Based Pensions in Japan
  Robert L. Clark and Olivia S. Mitchell #8891 (A)
  
• Courts: the Lex Mundi Project
  Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer #8890 (CF, PE)
  
• Comparative Advantage, Learning, and Sectoral Wage Determination
  Robert Gibbons, Lawrence F. Katz, Thomas Lemieux and Daniel Parent #8889 (EFG, LS)
  
• Moving to Greener Pastures? Multinationals and the Pollution Haven Hypothesis
  Gunnar A. Eskeland and Ann E. Harrison #8888 (ITI, ENV)
  
• Global Capital Flows and Financing Constraints
  Ann E. Harrison, Inessa Love and Margaret S. McMillan #8887 (ITI)
  
• Take-Up Rates and Trade Offs After the Age of Entitlement: Some Thoughts and Empirical Evidence for Child Care Subsidies
  Ann Dryden Witte and Magaly Queralt #8886 (CH, LS, PE)
  
• The Role of Information and Social Interactions in Retirement Plan Decisions: Evidence from a Randomized Experiment
  Esther Duflo and Emmanuel Saez #8885 (A, LS, PE)
  
• Towards an Explanation of Household Portfolio Choice Heterogeneity: Nonfinancial Income and Participation Cost Structures
  Annette Vissing-Jorgensen #8884 (AP)
  
• Middlemen versus Market Makers: A Theory of Competitive Exchange
  John Rust and George Hall #8883 (IO)
  
• The Non-Optimality of Proposed Monetary Policy Rules Under Timeless-Perspective Commitment
  Christian Jensen and Bennett C. McCallum #8882 (EFG, ME)
  
• The Effects of Random and Discrete Sampling When Estimating Continuous-Time Diffusions
  Yacine Ait-Sahalia and Per A. Mykland #T0276 (TWP)
  

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Week of April 8, 2002

Latest NBER Working Papers

• The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity
  Mark J. Melitz #8881 (ITI)
  
• Credit Frictions and ‘Sudden Stops' in Small Open Economies: An Equilibrium Business Cycle Framework for Emerging Markets Crises
  Cristina Arellano and Enrique G. Mendoza #8880 (IFM)
  
• Dollarization and Trade
  Michael W. Klein #8879 (IFM, ITI)
  
• Why Did Employee Health Insurance Contributions Rise?
  Jonathan Gruber and Robin McKnight #8878 (HC)
  
• Confronting Information Asymmetries: Evidence from Real Estate Markets
  Mark J. Garmaise and Tobias J. Moskowitz #8877 (AP, CF)
  
• The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle?
  Tobias J. Moskowitz and Annette Vissing-Jorgensen #8876 (AP, CF)
  
• Economic Considerations and Class Size
  Alan B. Krueger #8875 (CH, LS, PE, EE)
  
• Informal Financial Networks: Theory and Evidence
  Mark J. Garmaise and Tobias J. Moskowitz #8874 (AP, CF)
  
• School Choice and School Productivity (or Could School Choice be a Tide that Lifts All Boats?)
  Caroline M. Hoxby #8873 (CH, LE, PE, EE)
  
• Do Cigarette Taxes Make Smokers Happier?
  Jonathan Gruber and Sendhil Mullainathan #8872 (CH, HC, PE)
  
• Interdependent Security: The Case of Identical Agents
  Howard Kunreuther and Geoffrey Heal #8871 (PE)
  
• A Simple Framework for International Monetary Policy Analysis
  Richard Clarida, Jordi Gali and Mark Gertler #8870 (ME)
  
• Competition in or for the Field: Which is Better?
  Eduardo Engel, Ronald Fischer and Alexander Galetovic #8869 (IO)
  

  Chapters for Forthcoming NBER Books

  Florentine Churches"
  Jonathan Katz Nelson and Richard J. Zeckhauser
  Comment by Francis T. Lui on "Sources of Corporate Financing and Economic Crisis in Korea: Micro-evidence," by Youngjae Lim

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Week of April 1, 2002

Latest NBER Working Papers

• The Role of Residual Claims and Self-Enforcement in Franchise Contracting
  Francine Lafontaine and Emmanuel Raynaud #8868 (IO)
  
• Stochastic Dominance Bounds on Derivative Prices in a Multiperiod Economy with Proportional Transaction Costs
  George M. Constantinides and Stylianos Perrakis #8867 (AP)
  
• The Corporate Profit Base, Tax Sheltering Activity, and the Changing Nature of Employee Compensation
  Mihir A. Desai #8866 (CF, LS, PE)
  
• The Costs of Price Stability - Downward Nominal Wage Rigidity in Europe
  Steinar Holden #8865 (EFG, ME)
  
• Can Subsidiaries of Foreign Banks Contribute to the Stability of the Forex Market in Emerging Economies? A Look at Some Evidence from the Mexican Financial System
  Alejandro Reynoso #8864 (IFM, ME)
  
• The Red Queen and the Hard Reds: Productivity Growth in American Wheat, 1800-1940
  Alan L. Olmstead and Paul W. Rhode #8863 (DAE)
  
• Technology, Agglomeration, and Regional Competition for Investment
  Bruce A. Blonigen and Van Kolpin #8862 (ITI)
  
• Collective Bargaining and Staff Salaries in American Colleges and Universities
  Daniel B. Klaff and Ronald G. Ehrenberg #8861 (LS, EE)
  
• Gallman's Annual Output Series for the United States, 1834-1909
  Paul W. Rhode #8860 (DAE)
  
• Contracting in the Absence of Specific Investments and Moral Hazard: Understanding Carrier-Driver Relations in U.S. Trucking
  Francine Lafontaine and Scott E. Masten #8859 (IO)
  
• Exchange Rate Pass-Through, Exchange Rate Volatility, and Exchange Rate Disconnect
  Michael B. Devereux and Charles Engel #8858 (IFM)
  
• The Reconstruction of the American Urban Landscape in the Twentieth Century
  Sukkoo Kim #8857 (DAE)
  
• Who Panics During Panics? Evidence from a Nineteenth Century Savings Bank
  Cormac O Grada and Eugene N. White #8856 (DAE, ME)
  
• The Cost of Accountability
  Caroline M. Hoxby #8855 (CH, LE, PE, EE)
  
• International Taxation
  Roger H. Gordon and James R. Hines Jr. #8854 (PE)
  

  Chapters for Forthcoming NBER Books

  Introduction, "Economic and Financial Crises in Emerging Market Economies"
  edited by Martin Feldstein

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