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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of June 30, 2003

Latest NBER Working Papers

• What Do People Buy When They Don't Buy Health Insurance and What Does that Say about Why They Are Uninsured?
  Helen Levy and Thomas DeLeire #9826 (HE)
  
• Grilichesian Breakthroughs: Inventions of Methods of Inventing and Firm Entry in Nanotechnology
  Michael R. Darby and Lynne G. Zucker #9825 (P)
  
• Guns, Drugs and Juvenile Crime: Evidence from a Panel of Siblings and Twins
  H. Naci Mocan and Erdal Tekin #9824 (C)
  
• Trade, Growth and the Environment
  Brian R. Copeland and M. Scott Taylor #9823 (ITI)
  
• Measuring Poverty in a Growing World (or Measuring Growth in a Poor World)
  Angus Deaton #9822 (EFG)
  
• Broken Down by Work and Sex: How Our Health Declines
  Anne C. Case and Angus Deaton #9821 (A, HE)
  
• Strict Dollarization and Economic Performance: An Empirical Investigation
  Sebastian Edwards and I.Igal Mendoza #9820 (IFM)
  
• What Happens After a Technology Shock?
  Lawrence J. Christiano, Martin Eichenbaum, and Robert Vigfusson (EFG, LS)
  
• The Determinants of Participation in a Social Program: Evidence from a Prototypical Job Training Program
  James J. Heckman and Jeffrey A. Smith #9818 (ED, LS, PE)
  
• Stock Market Cycles, Financial Liberalization and Volatility
  Sebastian Edwards, Javier Gomez Biscarri, and Fernando Perez de Gracia #9817 (IFM, AP)
  
• Entrepreneurial Spawning: Public Corporations and the Genesis of New Ventures, 1986-1999
  Paul Gompers, Josh Lerner, and David Scharfstein #9816 (CF)
  
• Causing Problems? The WTO Review of Causation and Injury Attribution in U.S. Section 201 Cases
  Douglas Irwin #9815 (ITI)
  
• The Case for Open-Market Purchases in a Liquidity Trap
  Alan J. Auerbach and Maurice Obstfeld #9814 (EFG, ME, PE)
  
• Executive Compensation as an Agency Problem
  Lucian Arye Bebchuk and Jesse M. Fried #9813 (CF, LS)
  
• Insurance and the Utilization of Medical Services
  Jonathan Meer and Harvey S. Rosen #9812 (HE, PE)
  
• The Marginal Propensity to Spend on Adult Children
  Joseph G. Altonji and Ernesto Villanueva #9811 (C)
  
• Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea
  Youngjae Lim and Chin Hee Hahn #9810 (CF, P)
  

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Week of June 23, 2003

Latest NBER Working Papers

• Choosing (and reneging on) exchange rate regimes
  Alberto Alesina and Alexander Wagner #9809 (EFG, IFM, ME)
  
• The Mirage of Exchange Rate Regimes for Emerging Market Countries
  Guillermo Calvo and Frederic S. Mishkin #9808 (IFM, ME)
  
• Private Equity Performance: Returns, Persistence, and Capital
  Steven Kaplan and Antoinette Schoar #9807 (CF)
  
• Transparency, Risk Management and International Financial Fragility
  Mario Draghi, Francesco Giavazzi, and Robert C. Merton #9806 (IFM)
  
• Social Learning and Coordination in High-Stakes Games: Evidence from Friend or Foe
  Felix Oberholzer-Gee, Joel Waldfogel, and Matthew White #9805 (IO, LE)
  
• Addressing the Natural Resource Curse: An Illustration from Nigeria
  Xavier Sala-i-Martin and Arvidn Subramanian #9804 (EFG)
  
• Did Expanding Medicaid Affect Welfare Participants?
  John C. Ham and Lara D. Shore-Sheppard #9803 (HE, C)
  

  Chapters for Forthcoming NBER Books

  "On the Welfare Consequences of the Increase in Inequality in the United States"
  Dirk Krueger and Fabrizio Perri
  Comments by Rod Falvey, André Sapir, Vanessa Strauss-Kahn, Anthony Venables, Robert Stern, Mari Kangasniemi and Keith Maskus on various chapters

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Week of June 16, 2003

Latest NBER Working Papers

• Incentives in Markets, Firms and Governments
  Daron Acemoglu, Michael Kremer, and Atif Mian #9802 (EFG, LS)
  
• Chasing the Smokestack: Strategic Policymaking With Multiple Instruments
  Per G. Fredriksson, John A. List, and Daniel L. Millimet #9801 (PE)
  
• Measuring the Impact of Minimum Wages: Evidence from Latin America
  William F. Maloney abd Jairo Nunez Mendez #9800 (LS)
  
• The Practice and Proscription of Affirmative Action in Higher Education: An Equilibrium Analysis
  Dennis Epple, Richard Romano, and Holger Sieg #9799 (ED, C)
  
• "Will Social Security Be There For You?" How Americans Perceive Their Benefits
  Jeff Dominitz, Charles F. Manski, and Jordan Heinz #9798 (PE)
  
• Outocme Versus Service Based Payments in Health Care: Lessons from African Traditional Healers
  Kenneth Leonard and Joshua Graff Zivin #9797 (HE)
  
• Disagreement about Inflation Expectations
  N. Gregory Mankiw, Ricardo Reis, and Justin Wolfers #9796 (EFG, ME)
  
• The Dominance of Retail Stores
  Alexandre Ziegler and Edward P. Lazear #9795 (IO)
  
• Distributional Disputes and Civil Conflict
  Herschel I. Grossman #9794 (EFG)
  
• ". . . and six hundred thousand men were dead."
  Herschel I. Grossman #9793 (EFG)
  
• Committee Structure and the Success of Connected Lending in Nineteenth Century New England Banks
  Christopher M. Meissner #9792 (DAE, ME)
  
• How to Tell if a Money Manager Knows More?
  Sergey Iskoz and Jiang Wang #9791 (AP)
  
• The Impact of Physician Intervention and Tobacco Control Policies on Average Daily Cigarette Consumption Among Adult Smokers
  John A. Tauras and Lan Liang #9790 (HE)
  
• Product Choice and Product Switching
  Andrew B. Bernard, Peter K. Schott and Stephen Redding #9789 (IO)
  
• From Cradle to Grave? The Lasting Impact of Childhood Helath and Circumstance
  Anne Case, Angela Fertig, and Christina Paxson #9788 (HE, LS, C)
  
• Short-Run Pain, Long-Run Gain: The Effects of Financial Liberalization
  Graciela L. Kaminsky and Sergio Schmukler #9787 (IFM, AP)
  
• Government Finance in the Wake of Currency Crises
  Craig Burnside, Martin Eichenbaum, and Sergio Rebelo #9786 (EFG, IFM, ME, PE)
  
• The Optimal Taxation of Unskilled Labor with Job Search and Social Assistance
  Jan Boone and Lans Bovenberg #9785 (LS, PE)
  
• The Trouble with Stock Options
  Brian J. Hall and Kevin J. Murphy #9784 (CF, LS, PE)
  
• House Prices and Consumer Welfare
  Patrick Bajari, C. Lanier Benkard, and John Krainer #9783 (EFG, IO)
  
• The Married Widow: Marriage Penalties Matter!
  Michael Baker, Emily Hanna, and Jasmin Kantarevic #9782 (A, LS, PE)
  

  Chapters for Forthcoming NBER Books

  "The Gaming of Pharmaceutical Patents"
  Jeremy Bulow
  "Prospects for Improving U.S. Patent Quality via Post-grant Opposition"
  Bronwyn H. Hall, Stuart J.H. Graham, Dietmar Harhoff and David C. Mowery
  "The Human Resources Revolution: Is It a Productivity Driver?"
  Kathryn Shaw
  "Technology Policy for Energy and the Environment"
  Adam B. Jaffe, Richard G. Newell and Robert N. Stavins

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Week of June 9, 2003

Latest NBER Working Papers

• Welfare Reform, Labor Supply, and Health Insurance in the Immigrant Population
  George J. Borjas #9781 (HE, LS)
  
• Measuring Success of Advanced Technology Program Participants Using Archival Data
  Lynne G. Zucker and Michael R. Darby #9780 (P)
  
• Phasing Into Retriement
  Steven G. Allen, Robert L. Clark, and Linda S. Ghent #9779 (A, LS)
  
• Hedging Sudden Stops and Precautionary Recessions: A Quantitative Framework
  Ricardo J. Caballero and Stavros Panageas #9778 (EFG, IFM, AP)
  
• One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smaller Traded Firms
  Kristin J. Forbes #9777 (IFM)
  
• Globalization and Dirty Industries: Do Pollution Havens Matter?
  Jean-Marie Grether and Jaime de Melo #9776 (ITI)
  
• Judicial Checks and Balances
  Rafael LaPorta, Florencio Lopez-de-Silanes, Christian Pop-Eleches, and Andrei Shleifer #9775 (EFG, LE)
  
• The Effect of Private Insurance on Health Outcomes: Evidence from the Health and Retirement Study
  Avi Dor, Joseph J. Sudano, and David W. Baker #9774 (HE)
  
• Fiscal Policy and Monetary Integration in Europe
  Jordi Gali and Roberto Perotti #9773 (EFG, ME, PE)
  
• Fiscal Shocks and Their Consequences
  Craig Burnside, Martin Eichenbaum, and Jonas Fisher #9772 (EFG, ME, PE)
  
• Secular Trends in Physiological Capital: Implications for Equity in Health Care
  Robert W. Fogel #9771 (A, DAE, CS)
  
• Historical Perspectives on Racial Differences in Schooling in the United States
  William J. Collins and Robert A. Margo #9770 (ED, DAE, LS)
  
• The Effect of Welfare Reform on Prenatal Care and Birth Weight
  Robert Kaestner and Won Chan Lee #9769 (HE, C)
  

  Chapters for Forthcoming NBER Books

  Comment by Frederic S. Mishkin on "Inflation Targeting in Emerging Market Economies," by Arminio Fraga, Ilan Goldfajn and André Minella
  Comment by George-Marios Angeletos on "Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach," by Pierpaolo Benigno and Michael Woodford
  "The Case of the Missing Productivity Growth: Or, Does Information Technology Explain Why Productivity Accelerated in the United States but not the United Kingdom?"
  Susanto Basu, John G. Fernald, Nicholas Oulton and Sylaja Srinivasan

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Week of June 2, 2003

Latest NBER Working Papers

• The Vintage Effect in TFP Growth: An Analysis of the Age Structure of Capital
  Maury Gittleman, Thijs ten Raa, and Edward N. Wolff #9768 (P)
  
• Coordination and Policy Traps
  George-Marios Angeletos, Christian Hellwig, and Alessandro Pavan #9767 (EFG, IFM)
  
• International Migration, Remittances, and Schooling: Evidence from El Salvador
  Alejandra Cox Edwards and Manuelita Ureta #9766 (ED, LS)
  
• The Quantity and Quality of Life and the Evolution of World Inequality
  Gary S. Becker, Tomas J. Philipson, and Rodrigo R. Soares #9765 (EFG, HE)
  
• Idiosyncratic Production Risk, Growth, and the Business Cycle
  George-Marios Angeletos and Laurent E. Calvet #9764 (EFG)
  
• Bureaucracy as a Mechanism to Generate Information
  Walter Novaes and Luigi Zingales #9763 (CF)
  
• ENTICE: Endogenous Technological Change in the DICE Model of Global Warming
  David Popp #9762 (P)
  
• Differentiation Strategy and Market Deregulation: Local Telecommunication Entry in the Late 1990s
  Shane Greenstein and Michael Mazzeo #9761 (IO, P)
  
• Measuring the Well-Being of the Poor Using Income and Consumption
  Bruce D. Meyer and James X. Sullivan #9760 (LS, PE)
  
• Household Risk Management and Optimal Mortgage Choice
  John Y. Campbell and Joao F. Cocco #9759 (EFG, ME, AP)
  
• Equilibrium Asset Prices Under Imperfect Corporate Control
  James Dow, Gary Gorton, and Arvind Krishnamurty #9758 (CF, AP)
  
• Auctions Versus Negotiations in Procurement: An Empirical Analysis
  Patrick Bajari, Robert T. McMillan, and Steve Tadelis #9757 (IO)
  
• The Regulation of Labor
  Simeon Djankov, Rafael LaPorta, Florencio Lopez-de-Silanes, Andrei Shleifer, and Juan Botero #9756 (EFG, LS, LE, PE)
  
• The Labor Demand Curve is Downward Sloping: Reexamining the Impact of Immigration on the Labor Market
  George J. Borjas #9755 (LS)
  
• The impact of new drug launches on longevity: evidence from longitudinal, disease-level data from 52 countries, 1982-2001
  Frank R. Lichtenberg #9754 (HE, P)
  
• James Tobin: An Appreciation of his Contribution to Economics
  Willem H. Buiter #9753 (IFM, ME)
  
• Just and Reasonable Treatment: Racial Treatment in the Terms of Pauper Apprenticeship in Antebellum Maryland
  Howard Bodenhorn #9752 (DAE)
  
• The Negative Income Tax and the Evolution of the U.S. Welfare Policy
  Robert A. Moffitt #9751 (PE)
  
• Does Misery Love Company? Evidence from pharmaceutical markets before and after the Orphan Drug Act
  Frank R. Lichtenberg and Joel Waldfogel #9750 (HE)
  
• Voice and Growth: Was Churchill Right?
  Peter H. Lindert #9749 (DAE)
  
• Parochial Interests and the Centralized Provision of Local Public Goods: Evidence from Congressional Voting on Transportation Projects
  Brian Knight #9748 (PE)
  

  Chapters for Forthcoming NBER Books

  "Optimal Monetary and Fiscal Policy: A Linear-Quadratic Approach"
  Pierpaolo Benigno and Michael Wooford
  "Disagreement About Inflation Expectations"
  N. Gregory Mankiw, Ricardo Reis and Justin Wolfers
  "Perspectives on Behavioral Finance: Does "Irrationality" Disappear with Wealth? Evidence from Expectations and Actions"
  Annette Vissing-Jorgensen
  "Inflation Targeting in Emerging Market Economies"
  Arminio Fraga, Ilan Goldfajn, and André Minella
  Comment by Mark Gertler on "Does Inflation Targeting Matter?" by Laurence Ball and Niamh Sheridan
  "Bankruptcy Policy Reform and Total Factor Productivity Dynamics in Korea: Evidence from Micro Data"
  Youngjae Lim and Chin Hee Hahn
  Introduction to "Emerging Labor Market Institutions for the 21st Century"
  edited by Richard B. Freeman, Joni Hersch and Lawrence Mishel

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Week of May 26, 2003

Latest NBER Working Papers

• Implementing Optimal Policy through Inflation-Forecast Targeting
  Lars E. O. Svensson and Michael Woodford #9747 (EFG, ME)
  
• A Quantitative Analysis of Tax Competition v. Tax Coordination under Perfect Capital Mobility
  Enrique G. Mendoza and Linda L. Tesar #9746 (IFM, PE)
  
• Why Parents Play Favorites: Explanations for Unequal Bequests
  Audrey Light and Kathleen McGarry #9745 (A)
  
• Airline Schedule Recovery After Airport Closures: Empirical Evidence Since September 11th
  Nicholas G. Rupp, George M. Holmes, and Jeff DeSimone #9744 (IO)
  
• Market Recations to Tangible and Intangible Information
  Kent Daniel and Sheridan Titman #9743 (AP)
  
• Prodigals and Projectors: An Economic History of Usury Laws in the United States from Colonial Times to 1900
  Hugh Rockoff #9742 (DAE)
  
• Why Are Prices Sticky? The Dynamics of Wholesale Gasoline Prices
  Michael C. Davis and James D. Hamilton #9741 (EFG)
  
• Firms, Contracts, and Trade Structure
  Pol Antras #9740 (ITI)
  
• Endogenous Nontradability and Macroeconomic Implications
  Paul R. Bergin and Reuven Glick #9739 (IFM)
  
• Health Inequality, Education and Medical Innovation
  Sherry Glied and Adriana Lleras-Muney #9738 (HE)
  
• Credit Market Imperfections in Middle Income Countries
  Aaron Tornell and Frank Westermann #9737 (IFM)
  
• Neoclassical Theory Versus Prospect Theory: Evidence From the Marketplace
  John A. List #9736 (AP)
  

  Chapters for Forthcoming NBER Books

  "International Migration, Remittances, and Schooling: Evidence from El Salvador"
  Alejandra Cox Edwards and Manuelita Ureta
  "Micro-Simulation of Social Security Reforms in Belgium"
  Raphael Desmet, Alain Jousten, Sergio Perelman and Pierre Pestieau
  "Simulating the Response to Reform of Canada's Income Security Programs"
  Michael Baker, Jonathan Gruber and Kevin Milligan
  "Fiscal Implications of Reforms in Retirement Systems in Denmark"
  Paul Bingley, Nabanita Datta Gupta and Peder J. Pedersen
  "Simulating Retirement Behavior: The Case of France"
  Emmanuelle Walraet and Ronan Mahieu
  "The Budget Impact of Reduced Early Retirement Incentives on the German Public Pension System"
  Axel Börsch-Supan, Simone Kohnz and Reinhold Schnabel
  "Fiscal Implications of Pension Reforms in Italy"
  Agar Brugiavini and Franco Peracchi
  "Financial Implications of Social Security Reforms in Japan"
  Akiko S. Oishi and Takashi Oshio
  "Simulation of Pension Reforms in The Netherlands"
  Arie Kapteyn and Klaas de Vos
  "Evaluating Spanish Pension Expenditure Under Alternative Reform Scenarios"
  Michele Boldrin, Sergi Jiménez-Martín
  "Financial Implications of Income Security Reforms in Sweden"
  Mårten Palme and Ingemar Svensson
  "Fiscal Effects of Reforming the UK State Pension System"
  Richard Blundell and Carl Emmerson
  "Fiscal Effects of Social Security Reform in the United States"
  Courtney Coile and Jonathan Gruber

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Week of May 19, 2003

Latest NBER Working Papers

• Appropriability and the timing of innovation: Evidence from MIT inventions
  Emmanuel Dechenaux, Brent Goldfarb, Scott A. Shane, and Marie C. Thursby #9735 (P)
  
• The Disclosure and Licensure of University Inventions
  Richard Jensen, Jerry G. Thursby, and Marie C. Thursby #9734 (P)
  
• Sprawl and Urban Growth
  Edward L. Glaeser and Matthew E. Kahn #9733 (ENV, LE, PE)
  
• Fifty Years of Mincer Earnings Regressions
  James J. Heckman, Lance J. Lochner, and Petra E. Todd #9732 (LS)
  
• Prospects for Improving U.S. Patent Quality via Post-grant Opposition
  Bronwyn H. Hall, Stuart J.H. Graham, Dietmar Harhoff, and David C. Mowery #9731 (IO, P)
  
• Adoption of New Technology
  Bronwyn H. Hall and Beethika Khan #9730 (IO, P)
  
• Distance, Time, and Specialization
  Carolyn L. Evans and James Harrigan #9729 (ITI)
  
• Product Differentiation, Search Costs, and Competition in the Mutual Fund Industry: A Case Study of S&P 500 Index Funds
  Ali Hortacsu and Chad Syverson #9728 (CF, IO)
  
• Incentives and Invention in Universities
  Saul Lach and Mark Schankerman #9727 (P)
  
• Identification and Estimation of Dynamic Games
  Martin Pesendorfer and Philipp Schmidt-Dengler #9726 (IO)
  
• Defense R&D in the Anti-terrorist Era
  Manuel Trajtenberg #9725 (P, PE)
  
• Productivity Growth and R&D Expenditure in Taiwan's Manufacturing Firms
  Jiann-Chyuan Wang and Kuen-Hung Tsai #9724 (P)
  
• Vertical Production Networks in Multinational Firms
  Gordon H. Hanson, Raymond J. Mataloni, Jr., and Matthew J. Slaughter #9723 (ITI)
  
• Executive Compensation and Short-termist Behavior in Speculative Markets
  Patrick Bolton, Jose Scheinkman and Wei Xiong #9722 (CF, LS)
  
• A Model of Add-on Pricing
  Glenn Ellison #9721 (IO)
  
• Does the Format of a Financial Aid Program Matter? The Effect of State In-Kind Tuition Subsidies
  Bridget Terry Long #9720 (ED, PE)
  
• Specialization, Firms, and Markets: The Division of Labor Within and Between Law Firms
  Luis Garicano and Thomas N. Hubbard #9719 (IO)
  
• Footloose and Pollution-Free
  Josh Ederington, Arik Levinson, and Jenny Minier #9718 (ENV, ITI, PE)
  
• Business Method Patents, Innovation, and Policy
  Bronwyn H. Hall #9717 (IO,P)
  
• The Role of Globalization in the Within-Industry Shift Away from Unskilled Workers in France
  Vanessa Strauss-Kahn #9716 (ITI, LS)
  
• A Multinational Perspective on Capital Structure Choice and Internal Capital Markets
  Mihir A. Desai, C. Fritz Foley, and James R. Hines Jr. #9715 (CF, ITI, PE)
  
• Annuities and Individual Welfare
  Thomas Davidoff, Jeffrey R. Brown, and Peter A. Diamond #9714 (A, PE)
  

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Week of May 12, 2003

Latest NBER Working Papers

• IS-LM and Monetarism
  Michael D. Bordo and Anna J. Schwartz #9713 (DAE, ME)
  
• A Structural Empirical Model of Firm Growth, Learning, and Survival
  Jaap H. Abbring and Jeffrey R. Campbell #9712 (EFG, IO)
  
• Thy Neighbor's Portfolio: Word-of-Mouth Effects in the Holdings and Trades of Money Managers
  Harrison Hong, Jeffrey D. Kubik, and Jeremy C. Stein #9711 (AP, CF)
  
• Foreign Bank Entry and Business Volatility: Evidence from U.S. States and Other Countries
  Donald Morgan and Philip Strahan #9710 (CF, EFG, IFM, ME)
  
• Ideas and Education: Level or Growth Effects?
  Steve Dowrick #9709 (P)
  
• Treatment Effect Heterogeneity in Theory and Practice
  Joshua D. Angrist #9708 (LS)
  
• Job Loss in the United States, 1981-2001
  Henry S. Farber #9707 (LS)
  
• Is Tomorrow Another Day? The Labor Supply of New York Cab Drivers
  Henry S. Farber #9706 (LS)
  
• Nonunion Wage Rates and the Threat of Unionization
  Henry S. Farber #9705 (LS)
  
• Bank Integration and State Business Cycles
  Donald Morgan, Bertrand Rime, and Philip Strahan #9704 (CF, EFG, ME)
  
• A Quasi-Experimental Estimate of the Impact of Financial Aid on College-Going
  Thomas J. Kane #9703 (ED, PE, C)
  
• Living Wage Effects: New and Improved Evidence
  Scott Adams and David Neumark #9702 (LS))
  
• Relative Prices and Relative Prosperity
  Chang-Tai Hsieh and Peter J. Klenow #9701 (EFG)
  
• Economic Analysis of Welfare Economics, Morality and the Law
  Steven Shavell #9700 (LE)
  
• Economic Analysis of the General Structure of the Law
  Steven Shavell #9699 (LE)
  
• Economic Analysis of Public Law Enforcement and Criminal Law
  Steven Shavell #9698 (LE)
  
• Economic Analysis of Litigation and the Legal Process
  Steven Shavell #9697 (LE)
  
• Economic Analysis of Contract Law
  Steven Shavell #9696 (LE)
  
• Economic Analysis of Property Law
  Steven Shavell #9695 (LE)
  
• Economic Analysis of Accident Law
  Steven Shavell #9694 (LE)
  

  Chapters for Forthcoming NBER Books

  "Inflation Targeting and Sudden Stops"
  Ricardo J. Caballero and Arvind Krishnamurthy
  Comment by N. Gregory Mankiw on "Inflation Targeting, Price-Path Targeting, and Output Variability," by Stephen G. Cecchetti and Junhan Kim"
  

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Week of May 5, 2003

Latest NBER Working Papers

• Impacts of Eligibility Expansions and Provider Reimbursement Rate Increases on Child Care Subsidy Take-Up Rates, Welfare Use and Work
  Ann Dryden Witte and Magaly Queralt #9693 (LS, PE, C))
  
• Spaghetti Regionalism or Strategic Foreign Trade: Some Evidence for Mexico
  Alejandro Ibarra-Yunez #9692 (ITI)
  
• Social Security, Retirement, and the Single-Mindedness of the Electorate
  Casey B. Mulligan and Xavier Sala-i-Martin #9691 (A, PE)
  
• Marijuana Decriminalization: What does it mean in the United States?
  Rosalie Liccardo Pacula, Jamie F. Chriqui, and Joanna King #9690 (HE)
  
• The Effect of Drug Prohibition on Drug Prices: Evidence from the Markets for Cocaine and Heroin
  Jeffrey A. Miron #9689 (HE)
  
• Do Minimum Wages Affect Non-wage Job Attributes? Evidence on Fringe Benefits and Working Conditions
  Kosali Ilayperuma Simon and Robert Kaestner #9688 (LS)
  
• Globalization and Latin America Before 1940
  Luis Bertola and Jeffrey G. Williamson #9687 (DAE, ITI)
  
• Local Revenue Hills: Evidence from Four U.S. Cities
  Andrew F. Haughwout, Robert P. Inman, Steven Craig, and Thomas Luce #9686 (PE)
  
• Local Does as Local Is: Information Content of the Geography of Individual Investors' Common Stock Investments
  Zoran Ivkovich and Scott Weisbenner #9685 (AP)
  
• The Elusive Gains from International Financial Integration
  Pierre Olivier Gourinchas and Olivier Jeanne #9684 (IFM)
  
• Does School Choice Increase School Quality?
  George M. Holmes, Jeffrey DeSimone, and Nicholas G. Rupp #9683
  
• Religion and Economic Growth
  Robert J. Barro and Rachel M. McCleary #9682 (EFG)
  
• Alcohol Prohibition and Cirrhosis
  Angela K. Dills and Jeffrey A. Miron #9681 (HE)
  
• Cooperative Marketing, Agreements Between Competitors: Evidence from Patent Pools
  Josh Lerner, Jean Tirole, and Marcin Strojwas #9680 (CF)
  
• Firm-Specific Human Capital: A Skill-Weights Approach
  Edward P. Lazear #9679 (LS)
  
• Risk Aversion, Liability Rules, and Safety
  Joshua Graff Zivin, Richard Just, and David Zilberman #9678 (ENV)
  
• Do Demographic Changes Affect Risk Premiums? Evidence from International Data
  Andrew Ang and Angela Maddaloni #9677 (AP)
  
• Alcohol Advertising and Alcohol Consumption by Adolescents
  Henry Saffer and Dhaval Dave #9676 (HE, C)
  
• Product Quality and Market Size
  Steven Berry and Joel Waldfogel #9675 (IO, P)
  
• Diversification and the Taxation of Capital Gains and Losses
  Richard J. Rendleman, Jr. and Douglas A. Shackelford #9674 (PE)
  
• Maximum Likelihood Estimation of Latent Affine Processes
  David S. Bates #9673 (AP)
  
• Inflation Targeting, Price-Path Targeting and Output Variability
  Stephen G. Cecchetti and Junhan Kim #9672 (EFG, ME)
  

  Chapters for Forthcoming NBER Books

  "The Human Resources Revolution: Is It a Productivity Driver?"
  Kathryn Shaw
  "Prospects for Improving U.S. Patent Quality via Post-grant Opposition"
  Bronwyn H. Hall, Stuart J. H. Graham, Dietmar Harhoff and David C. Mowery
  "Has "In Work" Benefit Reform Helped the Labour Market?"
  Richard Blundell and Hilary Hoynes
  "Characteristics of Foreign-Owned Firms in British Manufacturing"
  Rachel Griffith and Helen Simpson
  "Pension Reform and Economic Performance in Britain in the 1980s and 1990s"
  Richard Disney, Carl Emmerson and Sarah Smith
  "Crafting Defense R&D Policy in the Anti-Terrorist Era"
  Manuel Trajtenberg
  Comment by Stephanie Schmitt-Grohé on "Limits to Inflation Targeting," by Christopher A. Sims"
  

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Week of April 28, 2003

Latest NBER Working Papers

• Teacher Incentives
  Paul Glewwe, Nauman Ilias, and Michael Kremer #9671 (C, ED)
  
• Twin Fallacies About Exchange Rate Policy in Emerging Markets
  Carmen M. Reinhart and Vincent R. Reinhart #9670 (IFM)
  
• The Effects of Multinational Production on Wages and Working Conditions in Developing Countries
  Drusilla K. Brown, Alan V. Deardorff, and Robert M. Stern #9669 (LS, ITI)
  
• Globalization and International Commodity Trade with Specific Reference to the West African Cocoa Producers
  Christopher L. Gilbert and Panos Varangis #9668 (ITI)
  
• Inflation Targeting in Transition Countries: Experience and Prospects
  Jiri Jones and Frederic S. Mishkin #9667 (EFG, ME)
  
• The Monetary Consequences of a Free Trade Area of the Americas
  Barry Eichengreen and Alan M. Taylor #9666 (IFM, ME)
  
• The Determinants and Consequences of Child Care Subsidies for Single Mothers
  David Blau and Erdal Tekin #9665 (HE, PE)
  
• A No-Arbitrage Approach to Range-Based Estimation of Return Covariances and Correlations
  Michael W. Brandt and Francis X. Diebold #9664 (AP)
  
• Do all networks facilitate international commerce? US law firms and the international market for corporate control
  Simon J. Evenett #9663 (ITI)
  
• The Role of Information in Driving FDI Flows: Host-Country Transparency and Source Country Specialization
  Ashoka Mody, Assaf Razin, and Efraim Sadka #9662 (IFM, ITI)
  
• Charitable Bequests and Taxes on Inheritance and Estates: Aggregate Evidence from across States and Time
  Jon Bakija, William Gale, and Joel Slemrod #9661 (PE)
  

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Week of April 21, 2003

Latest NBER Working Papers

• Identifying the Effects of Monetary Policy Shocks on Exchange Rates Using High Frequency Data
  Jon Faust, John H. Rogers, Eric Swanson, and Jonathan H. Wright #9660 (IFM, ME)
  
• Does Competition Encourage Credit Provision? Evidence from African Trade Credit Relationships
  Raymond Fisman and Mayank Raturi #9659 (CF)
  
• Financial Crises as Herds: Overturning the Critiques
  V.V. Chari and Patrick J. Kehoe #9658 (EFG, IFM)
  
• Payout Policy in the 21st Century
  Alon Brav, John R. Graham, Campbell R. Harvey, and Roni Michaely #9657 (CF, AP)
  
• Was it Stolper-Samuelson, Infant Industry or Something Else? World Trade Tariffs 1789-1938
  Jeffrey G. WIlliamson #9656 (DAE, ITI)
  
• The Cross Border Mergers and Acquisitions Wave of the Late 1990s
  Simon J. Evenett #9655 (ITI)
  
• Exchange Rate Regime Choice in Historical Perspective
  Michael D. Bordo #9654 (DAE, IFM)
  
• Are Idle Hands the Devil's Workshop? Incapacitation, Concentration and Juvenile Crime
  Brian A. Jacob and Lars Lefgren #9653 (ED, C)
  
• Public Housing, Housing Vouchers and Student Achievement: Evidence from Public Housing Demolitions in Chicago
  Brian A. Jacob #9652 (ED, C)
  
• Why Some Double Taxation Might Make Sense: The Special Case of Inter-corporate Dividends
  Randall Morck #9651 (CF, PE)
  
• Time Vs. Goods: The Value of Measuring Household Production Technologies
  Reuben Gronau and Daniel S. Hamermesh #9650 (LS)
  
• Barriers to Entering Medical Specialties
  Sean Nicholson #9649 (HE)
  
• Effectiveness of Official Daily Foreign Exchange Market Intervention Operations in Japan
  Rasmus Fatum and Michael Hutchison #9648 (IFM)
  
• Household Portfolios in Japan
  Takuo Iwaisako #9647 (AP)
  
• Financial Distress and Employment: The Japanese Case in the 90s
  Kazuo Ogawa #9646 (EFG, LS, ME)
  
• Sources of Funds and Investment Activities of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK
  Colin Mayer, Koen Schoors, and Yishay Yafeh #9645 (CF)
  
• Bank Ties and Bond Market Access: Evidence on Investment-Cash Flow Sensitivity in Japan
  Patrick M. McGuire #9644 (CF, EFG)
  
• Unnatural Selection: Perverse Incentives and the Misallocation of Credit in Japan
  Joe Peek and Eric S. Rosengren #9643 (CF, EFG)
  
• Idiosyncratic Risk and the Creative Destruction in Japan
  Yasushi Hamao, Jianping Mei and Yexiao Xu #9642 (EFG, IFM, AP)
  
• Human Capital Externalities in Cities
  Enrico Moretti #9641 (ED, C)
  
• Spillovers Across U.S. Financial Markets
  Roberto Rigobon and Brian Sack #9640 (AP)
  
• Falling Trade Costs, Heterogeneous Firms, and Industry Dynamics
  Andrew B. Bernard, J. Bradford Jensen, and Peter K. Schott #9639 (ITI)
  
• Alcohol Abuse and Suicide Attempts Among Youth - Correlation or Causation?
  Pinka Chatterji, Dhaval Dave, Robert Kaestner, and Sara Markowitz #9638 (HE, C)
  
• Geography and Export Performance: External Market access and Internal Supply Capacity
  Stephen Redding and Anthony J. Venables #9637 (ITI)
  
• Do Airline Bankruptcies Reduce Air Service?
  Severin Borenstein and Nancy L. Rose #9636 (IO)
  

  Chapters for Forthcoming NBER Books

  General Equilibrium Benefit Estimates for Environmental Improvements: Projected Ozone Reductions for the Los Angeles Air Basin"
  V. Kerry Smith, Holger Sieg, H. Spencer Banzhaf and Randy Walsh
  "Sources for Corporate Financing and Economic Crisis in Korea: Micro-evidence"
  Youngjae Lim
  "How Financial Aid Affects Persistence"
  Eric Bettinger
  "Technology Policy for Energy and the Environment"
  Adam B. Jaffe, Richard G. Newell and Robert N. Stavins
  "The Gaming of Pharmaceutical Patents"
  Jeremy Bulow
  "The Case of the Missing Productivity Growth: Or, Why Has Productivity Accelerated in the United States but not the United Kingdom?"
  Susanto Basu, John G. Fernald, Nicholas Oulton and Sylaja Srinivasan
  "Disagreement About Inflation Expectations"
  N. Gregory Mankiw, Ricardo Reis and Justin Wolfers
  "On the Welfare Consequences of the Increase in Inequality in the United States"
  Dirk Krueger and Fabrizio Perri
  "Behavioral Finance: An Impartial Assessment or, Does "Irrationality" Disappear With Wealth? Evidence from Expectations and Actions"
  Annette Vissing-Jorgensen
  "Optimal Targeting Rules for Monetary and Fiscal Policy"
  Pierpaolo Benigno and Michael Woodford

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Week of April 14, 2003

Latest NBER Working Papers

• "Fifty-four Forty or Fight!"
  Herschel Grossman #9635 (EFG, ITI)
  
• Continuing Dangers of Disinformation in Corporate Accounting Reports
  Edward J. Kane #9634 (CF)
  
• The Flattening Firm: Evidence from Panel Data in the Changing Nature of Corporate Hierarchies
  Raghuram Rajan and Julie Wulf #9633 (CF, LS)
  
• Teen Births Keep American Crime High
  Jennifer Hunt #9632 (LS, PE)
  
• Reciprocated Unilateralism: An Interest-Group Approach
  Pravin Krishna and Devashish Mitra #9631 (ITI)
  
• Does Returning to Work After Childbirth Affect Breastfeeding Practices?
  Pinka Chatterji and Kevin Frick #9630 (HE, C)
  
• Collective Investment Decision Making with Heterogeneous Time Preferences
  Christian Gollier and Richard Zeckhauser #9629 (EFG)
  
• Does Family Structure Affect Children's Educational Outcomes?
  Robert A. Pollak and Donna K. Ginther #9628 (ED, LS)
  
• Who Bears the Growing Cost of Science at Universities?
  Ronald G. Ehrenberg, Michael J. Rizzo, and George H. Jakubson #9627 (ED)
  
• Does Medicaid Pay Too Much for Prescription Drugs? A Case Study of Atypical Anti-Psychotics
  Mark G. Duggan #9626 (HE)
  
• Evolving Discretionary Practices of U.S. Anti-dumping Actvity
  Bruce A. Blonigen #9625 (ITI)
  
• How to Restructure Failed Banking Systems: Lessons from the U.S. in the 1930's and Japan in the 1990's
  Charles W. Calomiris and Joseph R. Mason #9624 (DAE, ME)
  
• Deflation: Prevention and Cure
  Willem H. Buiter #9623 (IFM, ME)
  

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Week of April 7, 2003

Latest NBER Working Papers

• Fairness Versus Welfare: Notes on the Pareto Principle, Preferences, and Distributive Justice
  Louis Kaplow and Steven Shavell #9622 (LE, PE)
  
• Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Greater Yangtze River
  Tetsushi Sonobe and Keijiro Otsuka #9621 (P)
  
• Bank Supervision and Corporate Finance
  Thorsten Beck, Asli Demirguc-Kunt, and Ross Levine #9620(AP, CF, ME)
  
• Is Business Cycle Volatility Costly? Evidence from Surveys of Subjective Well-being
  Justin Wolfers #9619 (EFG, LS)
  
• Military Expenditure, Threats, and Growth
  Joshua Aizenman and Reuven Glick #9618 (EFG, ITI)
  
• Why Plant-Level Productivity Studies are Often Misleading, and an Alternative Approach to Inference
  Haijime Katayama, Shihua Lu, and James R. Tybout #9617 (ITI, P)
  
• New Estimates of the Average Tariff of the United States, 1790-1820
  Douglas A. Irwin #9616 (DAE, ITI)
  
• Productivity in Pharmaceutical Biotechnology R&D: The Role of Experience and Alliances
  Patricia M. Danzon, Sean Nicholson, and Nuno Sousa Pereira #9615 (HE)
  
• Migration, Spillovers, and Trade Diversion: The Impact of Internalization on Stock Market Liquidity
  Ross Levine and Sergio L. Schmukler #9614 (IFM, AP)
  
• The State of U.S. Corporate Governance: What's Right and What's Wrong?
  Bengt Holmstrom and Steven N. Kaplan #9613 (CF, PE)
  
• Hog Round Marketing, Seed Quality, and Government Policy: Institutional Change in U.S. Cotton Production, 1920-1960
  Alan L. Olmstead and Paul W. Rhode #9612 (DAE)
  

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