New This Week Archive

NBER Working Papers released in the past, by week.

Week of Mar 28, 2011 - Apr 4, 2011

• The Great Inflation: Did the Shadow Know Better?
  William Poole, Robert H. Rasche, and David C. Wheelock #16910 (ME)
  
• Physician Response to Pay-for-Performance: Evidence from a Natural Experiment
  Jinhu Li, Jeremiah Hurley, Philip DeCicca, and Gioia Buckley #16909 (HC   HE)
  
• Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
  John A. List #16908 (EEE   PE)
  
• The Promise of Beijing: Evaluating the Impact of the 2008 Olympic Games on Air Quality
  Yuyu Chen, Ginger Zhe Jin, Naresh Kumar, and Guang Shi #16907 (IO)
  
• Generalized Transform Analysis of Affine Processes and Applications in Finance
  Hui Chen and Scott Joslin #16906 (AP)
  
• Firm Exports and Multinational Activity Under Credit Constraints
  Kalina Manova, Shang-Jin Wei, and Zhiwei Zhang #16905 (IFM   ITI)
  
• Factor Prices and International Trade: A Unifying Perspective
  Ariel Burstein and Jonathan Vogel #16904 (EFG   IFM   ITI)
  
• Inflation-Indexed Bonds and the Expectations Hypothesis
  Carolin E. Pflueger and Luis M. Viceira #16903 (AP   ME)
  
• Discussion Sessions Coupled with Microfinancing May Enhance the Role of Women in Household Decision-Making in Burundi
  Radha Iyengar and Giulia Ferrari #16902 (LS)
  
• HIV Status and Labor Market Participation in South Africa
  James A. Levinsohn, Zoë McLaren, Olive Shisana, and Khangelani Zuma #16901 (HE   LS)
  
• Economics of Individualization in Comparative Effectiveness Research and a Basis for a Patient-Centered Health Care
  Anirban Basu #16900 (HC   HE)
  
• Sovereign Default Risk and Bank Fragility in Financially Integrated Economies
  Patrick Bolton and Olivier Jeanne #16899 (CF   IFM   PE)
  
• The Short of It: Investor Sentiment and Anomalies
  Robert F. Stambaugh, Jianfeng Yu, and Yu Yuan #16898 (AP)
  
• Workday, Holiday and Calendar Adjustment with 21st Century Data: Monthly Aggregates from Daily Diesel Fuel Purchases
  Edward E. Leamer #16897 (TWP)
  

Week of Mar 21, 2011 - Mar 28, 2011

• Dividends and Bank Capital in the Financial Crisis of 2007-2009
  Viral V. Acharya, Irvind Gujral, Nirupama Kulkarni, and Hyun Song Shin #16896 (CF)
  
• Human Capital Accounts: Choice of Rates and Construction of Volume Indices
  Barbara M. Fraumeni #16895 (LS   PR)
  
• Identification and Estimation in Discrete Choice Demand Models when Endogenous Variables Interact with the Error
  Amit Gandhi, Kyoo il Kim, and Amil Petrin #16894 (IO   TWP)
  
• The Liquidation of Government Debt
  Carmen M. Reinhart and M. Belen Sbrancia #16893 (IFM   ME)
  
• An Empirical Decomposition of Risk and Liquidity in Nominal and Inflation-Indexed Government Bonds
  Carolin E. Pflueger and Luis M. Viceira #16892 (AP   ME)
  
• Trust in Public Institutions over the Business Cycle
  Betsey Stevenson and Justin Wolfers #16891 (EFG   LS   PE   POL)
  
• Were the Nigerian Banking Reforms of 2005 A Success ... And for the Poor?
  Lisa Cook #16890 (ME)
  
• What Explains the Lagged Investment Effect?
  Janice C. Eberly, Sergio Rebelo, and Nicolas Vincent #16889 (EFG)
  
• Testing for the Role of Prejudice in Emergency Departments Using Bounceback Rates
  Shamena Anwar and Hanming Fang #16888 (HC   HE   LE   LS   PE)
  
• When a Nudge Isn't Enough: Defaults and Saving Among Low-Income Tax Filers
  Erin Todd Bronchetti, Thomas S. Dee, David B. Huffman, and Ellen Magenheim #16887 (PE)
  
• Going to a Better School: Effects and Behavioral Responses
  Cristian Pop-Eleches and Miguel Urquiola #16886 (CH   ED)
  
• What Makes an Effective Teacher? Quasi-Experimental Evidence
  Victor Lavy #16885 (CH   ED   LS)
  
• Simple Variance Swaps
  Ian Martin #16884 (AP)
  
• Monetary Policy as Financial-Stability Regulation
  Jeremy C. Stein #16883 (CF   ME)
  
• Bye, Bye, Miss American Pie? The Supply of New Recorded Music Since Napster
  Joel Waldfogel #16882 (IO   LE)
  
• A Primer on the Economics of Prescription Pharmaceutical Pricing in Health Insurance Markets
  Ernst R. Berndt, Thomas G. McGuire, and Joseph P. Newhouse #16879 (HE   IO)
  
• Business Failures by Industry in the United States, 1895 to 1939: A Statistical History.
  Gary Richardson and Michael Gou #16872 (DAE)
  

Week of Mar 14, 2011 - Mar 21, 2011

• The Effects of Student Coaching in College: An Evaluation of a Randomized Experiment in Student Mentoring
  Eric Bettinger and Rachel Baker #16881 (ED)
  
• A Roy Model of Social Interactions
  Steve Cicala, Roland G. Fryer, Jr., and Jörg L. Spenkuch #16880 (CH   ED   LS)
  
• The Possibilities For Global Poverty Reduction Using Revenues From Global Carbon Pricing
  James B. Davies, Xiaojun Shi, and John Whalley #16878 (EEE)
  
• The Effect of Evaluation on Performance: Evidence from Longitudinal Student Achievement Data of Mid-career Teachers
  Eric S. Taylor and John H. Tyler #16877 (ED)
  
• Intergeneration Transfer of Human Capital: Results from a Natural Experiment in Taiwan
  Wehn-Jyuan Tsai, Jin-Tan Liu, Shin-Yi Chou, and Michael Grossman #16876 (CH   ED   LS)
  
• Limits to Arbitrage and Hedging: Evidence from Commodity Markets
  Viral V. Acharya, Lars A. Lochstoer, and Tarun Ramadorai #16875 (AP   CF)
  
• Adoptive Expectations: Rising Sons in Japanese Family Firms
  Vikas Mehrotra, Randall Morck, Jungwook Shim, and Yupana Wiwattanakantang #16874 (CF)
  
• Adequate (or Adipose?) Yearly Progress: Assessing the Effect of "No Child Left Behind" on Children's Obesity
  Patricia M. Anderson, Kristin F. Butcher, and Diane Whitmore Schanzenbach #16873 (CH   ED   HE)
  
• Business Failures by Industry in the United States, 1895 to 1939: A Statistical History.
  Gary Richardson and Michael Gou #16872 (DAE)
  
• Monetary and Fiscal Stimuli, Ownership Structure, and China's Housing Market
  Yongheng Deng, Randall Morck, Jing Wu, and Bernard Yeung #16871 (CF)
  
• Finance and Governance in Developing Economies
  Randall Morck #16870 (CF)
  
• Math or Science? Using Longitudinal Expectations Data to Examine the Process of Choosing a College Major
  Todd R. Stinebrickner and Ralph Stinebrickner #16869 (ED)
  
• Can Psychological Aggregation Manipulations Affect Portfolio Risk-Taking? Evidence from a Framed Field Experiment
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian #16868 (AG   AP)
  
• Global Liquidity Trap
  Ippei Fujiwara, Tomoyuki Nakajima, Nao Sudo, and Yuki Teranishi #16867 (EFG)
  
• Policies to Encourage Job Creation: Hiring Credits vs. Worker Subsidies
  David Neumark #16866 (LS)
  
• Asset Prices, Credit Growth, Monetary and Other Policies: An Australian Case Study
  Paul Bloxham, Christopher Kent, and Michael Robson #16845 (ME)
  

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Week of March 7, 2011 - March 14, 2011

• From Natural Variation to Optimal Policy? The Lucas Critique Meets Peer Effects
  Scott E. Carrell, Bruce I. Sacerdote, and James E. West #16865 (CH   ED   LS   PE)
  
• Spillovers, Linkages, and Productivity Growth in the US Economy, 1958 to 2007
  Edward N. Wolff #16864 (PR)
  
• Fuel Tax Incidence and Supply Conditions
  Justin Marion and Erich Muehlegger #16863 (EEE   PE)
  
• Uncertainty Business Cycles - Really?
  Rüdiger Bachmann and Christian Bayer #16862 (EFG)
  
• Investment Dispersion and the Business Cycle
  Rüdiger Bachmann and Christian Bayer #16861 (EFG)
  
• The Effect of Allowing Pollution Offsets With Imperfect Enforcement
  Hilary Sigman and Howard F. Chang #16860 (EEE   LE)
  
• The Long-term Impact of Medicare Payment Reductions on Patient Outcomes
  Vivian Y. Wu and Yu-Chu Shen #16859 (HC)
  
• Exposure to Food Advertising On Television: Associations With Children’s Fast Food and Soft Drink Consumption and Obesity
  Tatiana Andreyeva, Inas Rashad Kelly, and Jennifer L. Harris #16858 (HE)
  
• Health Shocks, Insurance Status and Net Worth: Intra- and Inter-Generational Effects
  Dalton Conley and Jason Alan Thompson #16857 (AG   HC   HE)
  
• Mother's Schooling, Fertility, and Children's Education: Evidence from a Natural Experiment
  Victor Lavy and Alexander Zablotsky #16856 (CH   ED   LS)
  
• Learning by Doing with Asymmetric Information: Evidence from Prosper.com
  Seth M. Freedman and Ginger Zhe Jin #16855 (IO)
  
• Does Price Reveal Poor-Quality Drugs? Evidence from 17 Countries
  Roger Bate, Ginger Zhe Jin, and Aparna Mathur #16854 (IO)
  
• Does Input Quality Drive Measured Differences in Firm Productivity?
  Jeremy T. Fox and Valérie Smeets #16853 (IO   LS   PR)
  
• The Economics of Internet Markets
  Jonathan D. Levin #16852 (IO)
  
• Set-Asides and Subsidies in Auctions
  Susan Athey, Dominic Coey, and Jonathan Levin #16851 (IO   PE)
  
• Teacher Incentives and Student Achievement: Evidence from New York City Public Schools
  Roland G. Fryer #16850 (ED   LS)
  
• Did Securitization Affect the Cost of Corporate Debt?
  Taylor D. Nadauld and Michael S. Weisbach #16849 (CF)
  
• Wealth Effects Revisited 1978-2009
  Karl E. Case, John M. Quigley, and Robert J. Shiller #16848 (EFG)
  
• Pegs and Pain
  Stephanie Schmitt-Grohe and Martin Uribe #16847 (EFG   IFM   ME)
  
• Industrial Actions in Schools: Strikes and Student Achievement
  Michael Baker #16846 (ED   LS)
  
• Superfund Cleanups and Infant Health
  Janet Currie, Michael Greenstone, and Enrico Moretti #16844 (CH   EEE   HC   HE   PE)
  
• Dynamics of Entrepreneurship under Incomplete Markets
  Chong Wang, Neng Wang, and Jinqiang Yang #16843 (AP   CF   EFG)
  
• The Economics of Hedge Funds: Alpha, Fees, Leverage, and Valuation
  Yingcong Lan, Neng Wang, and Jinqiang Yang #16842 (AP   CF)
  
• The American Family in Black and White: A Post-Racial Strategy for Improving Skills to Promote Equality
  James J. Heckman #16841 (CH   ED)
  

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Week of Feb 28, 2011 - March 7, 2011

• Inheritances and the Distribution of Wealth or Whatever Happened to the Great Inheritance Boom? Results from the SCF and PSID
  Edward N. Wolff and Maury Gittleman #16840 (PR)
  
• Cross-Country Comparisons of Corporate Income Taxes
  Kevin S. Markle and Douglas A. Shackelford #16839 (PE)
  
• The Geography of Fear
  Daniel Treisman #16838 (POL)
  
• Why World Exports are so Susceptible to the Economic Crisis --The Prevailing "Export Overshooting" Phenomenon
  Bih Jane Liu #16837 (   ITI)
  
• Procyclicality and Monetary Aggregates
  Hyun Song Shin and Kwanho Shin #16836 (EFG)
  
• Does Less Income Mean Less Representation?
  Eric J. Brunner, Stephen Ross, and Ebonya L. Washington #16835 (POL)
  
• Deductions from the Export Basket: Capabilities, Wealth and Trade
  John Sutton and Daniel Trefler #16834 (ITI)
  
• Trends in the Transitory Variance of Male Earnings in the U.S., 1970-2004
  Robert A. Moffitt and Peter Gottschalk #16833 (PE)
  
• Reestablishing the Income-Democracy Nexus
  Jess Benhabib, Alejandro Corvalan, and Mark M. Spiegel #16832 (EFG   POL)
  
• Free vs. Controlled Migration: Bilateral Country Study
  Assaf Razin and Jackline Wahba #16831 (IFM)
  
• School Inputs, Household Substitution, and Test Scores
  Jishnu Das, Stefan Dercon, James Habyarimana, Pramila Krishnan, Karthik Muralidharan, and Venkatesh Sundararaman #16830 (CH   ED   PE)
  
• New Measures of the Costs of Unemployment: Evidence from the Subjective Well-Being of 2.3 Million Americans
  John F. Helliwell and Haifang Huang #16829 (EFG   LS   PE)
  
• Demographic Patterns and Household Saving in China
  Chadwick C. Curtis, Steven Lugauer, and Nelson C. Mark #16828 (IFM)
  
• A Decade of Debt
  Carmen M. Reinhart and Kenneth S. Rogoff #16827 (IFM   ME)
  
• Life Shocks and Homelessness
  Marah A. Curtis, Hope Corman, Kelly Noonan, and Nancy Reichman #16826 (HE)
  
• "To Establish a More Effective Supervision of Banking": How the Birth of the Fed Altered Bank Supervision
  Eugene N. White #16825 (DAE   ME)
  
• Commodity Price Volatility in the Biofuel Era: An Examination of the Linkage Between Energy and Agricultural Markets
  Thomas W. Hertel and Jayson Beckman #16824 (EEE)
  
• The Diversity of Concentrated Prescribing Behavior: An Application to Antipsychotics
  Anna A. Levine Taub, Anton Kolotilin, Robert S. Gibbons, and Ernst R. Berndt #16823 (HC   HE   PR)
  
• The Unofficial Economy in Africa
  Rafael La Porta and Andrei Shleifer #16821 (POL)
  
• The Geography of Crowdfunding
  Ajay K. Agrawal, Christian Catalini, and Avi Goldfarb #16820 (PR)
  
• Fiscal Limits in Advanced Economies
  Eric M. Leeper and Todd B. Walker #16819 (EFG)
  
• Freedom to Trade and the Competitive Process
  Aaron Edlin and Joseph Farrell #16818 (IO   LE)
  
• Single-Sex Schools, Student Achievement, and Course Selection: Evidence from Rule-Based Student Assignments in Trinidad and Tobago
  C. Kirabo Jackson #16817 (CH   ED   LS   PE)
  
• Learning, Large Deviations and Rare Events
  Jess Benhabib and Chetan Dave #16816 (EFG)
  
• Pride Goes Before a Fall: Federal Reserve Policy and Asset Markets
  Carmen M. Reinhart and Vincent Reinhart #16815 (IFM   ME)
  

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Week of Feb 21, 2011 - Feb 28, 2011

• Stock Option Exercise and Gift Exchange Relationships: Evidence for a Large US Company
  Peter Cappelli and Martin J. Conyon #16814 (   LS)
  
• The Returns to the Brain Drain and Brain Circulation in Sub-Saharan Africa: Some Computations Using Data from Ghana
  Yaw Nyarko #16813 (   LS)
  
• Does Tax Policy Affect Executive Compensation? Evidence from Postwar Tax Reforms
  Carola Frydman and Raven S. Molloy #16812 (   CF   DAE   LS   PE)
  
• The Impact of National Health Insurance on Birth Outcomes: A Natural Experiment in Taiwan
  Shin-Yi Chou, Michael Grossman, and Jin-Tan Liu #16811 (   HE)
  
• Advances in Consumption-Based Asset Pricing: Empirical Tests
  Sydney C. Ludvigson #16810 (   AP   EFG)
  
• Industrial Catching Up in the Poor Periphery 1870-1975
  Jeffrey G. Williamson #16809 (   DAE)
  
• Market Timing, Investment, and Risk Management
  Patrick Bolton, Hui Chen, and Neng Wang #16808 (   AP   CF)
  
• Has Consumption Inequality Mirrored Income Inequality?
  Mark A. Aguiar and Mark Bils #16807 (   EFG)
  
• The Evolution of Comparative Advantage: Measurement and Welfare Implications
  Andrei A. Levchenko and Jing Zhang #16806 (   IFM   ITI   PR)
  
• Capital Controls: Myth and Reality - A Portfolio Balance Approach
  Nicolas E. Magud, Carmen M. Reinhart, and Kenneth S. Rogoff #16805 (   IFM   ME)
  
• Cream Skimming in Financial Markets
  Patrick Bolton, Tano Santos, and Jose A. Scheinkman #16804 (   CF)
  
• The Impact of Early Occupational Choice On Health Behaviors
  Inas Rashad Kelly, Dhaval M. Dave, Jody L. Sindelar, and William T. Gallo #16803 (   HE)
  
• New Evidence on Teacher Labor Supply
  Mimi Engel and Brian A. Jacob #16802 (   CH   ED   LS   PE)
  
• Hedge Fund Leverage
  Andrew Ang, Sergiy Gorovyy, and Gregory B. van Inwegen #16801 (   AP)
  
• Sex Ratios, Entrepreneurship, and Economic Growth in the People’s Republic of China
  Shang-Jin Wei and Xiaobo Zhang #16800 (   EFG   IFM   LS)
  
• Temporarily Unstable Government Debt and Inflation
  Troy Davig and Eric M. Leeper #16799 (   EFG)
  
• Inequality at Birth: Some Causes and Consequences
  Janet Currie #16798 (   CH   EEE   HE   LS   PE)
  
• Beaches, Sunshine, and Public-Sector Pay: Theory and Evidence on Amenities and Rent Extraction by Government Workers
  Jan K. Brueckner and David Neumark #16797 (   LS)
  
• The Elasticity of Trade: Estimates and Evidence
  Ina Simonovska and Michael E. Waugh #16796 (   ITI)
  
• Why Do Some People Want to Legalize Cannabis Use?
  Jenny Williams, Jan C. van Ours, and Michael Grossman #16795 (   HE)
  
• Occupational Status and Health Transitions
  G. Brant Morefield, David C. Ribar, and Christopher J. Ruhm #16794 (   HC   HE   LS   PE)
  
• Higher Order Properties of the Wild Bootstrap Under Misspecification
  Patrick M. Kline and Andres Santos #16793 (   TWP)
  
• The Economics of State and Local Public Pensions
  Jeffrey R. Brown, Robert Clark, and Joshua Rauh #16792 (   AG   PE)
  
• Who Is (More) Rational?
  Syngjoo Choi, Shachar Kariv, Wieland Müller, and Dan Silverman #16791 (   PE)
  
• Historical Oil Shocks
  James D. Hamilton #16790 (   EEE   EFG)
  
• International Risk Sharing in the Short Run and in the Long Run
  Marianne Baxter #16789 (   IFM)
  

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Week of Feb 14, 2011 - Feb 21, 2011

• Sex Ratios and Exchange Rates
  Qingyuan Du and Shang-Jin Wei #16788 (AP   IFM)
  
• Safety-Net Benefits Conferred on Difficult-to-Fail-and-Unwind Banks in the US and EU Before and During the Great Recession
  Santiago Carbo-Valverde, Edward J. Kane, and Francisco Rodriguez-Fernandez #16787 (CF   IFM   ME   PE   POL)
  
• The Effects of Tax Shocks on Output: Not So Large, But Not Small Either
  Roberto Perotti #16786 (EFG   PE)
  
• Counterfeiters: Foes or Friends?
  Yi Qian #16785 (IO   PR)
  
• Speculators and Middlemen: The Role of Flippers in the Housing Market
  Patrick Bayer, Christopher Geissler, and James W. Roberts #16784 (EFG   PE)
  
• School Admissions Reform in Chicago and England: Comparing Mechanisms by Their Vulnerability to Manipulation
  Parag A. Pathak and Tayfun Sönmez #16783 (ED   LS   PE)
  
• Fiscal Fatigue, Fiscal Space and Debt Sustainability in Advanced Economies
  Atish R. Ghosh, Jun I. Kim, Enrique G. Mendoza, Jonathan D. Ostry, and Mahvash S. Qureshi #16782 (IFM)
  
• Estimation and Evaluation of DSGE Models: Progress and Challenges
  Frank Schorfheide #16781 (EFG   ME)
  
• The Consequences of Financial Innovation: A Counterfactual Research Agenda
  Josh Lerner and Peter Tufano #16780 (CF   PR)
  
• Net Fiscal Stimulus During the Great Recession
  Joshua Aizenman and Gurnain Kaur Pasricha #16779 (IFM   PE)
  
• A Global View of Productivity Growth in China
  Chang-Tai Hsieh and Ralph Ossa #16778 (IFM   ITI   PR)
  
• Margin-Based Asset Pricing and Deviations from the Law of One Price
  Nicolae Gârleanu and Lasse Heje Pedersen #16777 (AP   EFG   ME)
  
• Rethinking America's Illegal Drug Policy
  John J. Donohue III, Benjamin Ewing, and David Peloquin #16776 (LE)
  
• Targeted Transfers and the Fiscal Response to the Great Recession
  Hyunseung Oh and Ricardo Reis #16775 (EFG   ME   PE)
  
• Transition to FDI Openness: Reconciling Theory and Evidence
  Ellen R. McGrattan #16774 (AP   EFG)
  
• The Fragility of Estimated Effects of Unilateral Divorce Laws on Divorce Rates
  Jin Young Lee and Gary Solon #16773 (LE   LS)
  
• Health Care Spending Growth and the Future of U.S. Tax Rates
  Katherine Baicker and Jonathan S. Skinner #16772 (HC   HE   PE)
  
• Why Are Saving Rates so High in China?
  Dennis Tao Yang, Junsen Zhang, and Shaojie Zhou #16771 (EFG)
  

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Week of Feb 7, 2011 - Feb 14, 2011

• The Cross-Section of Hurdle Rates for Capital Budgeting: An Empirical Analysis of Survey Data
  Ravi Jagannathan, Iwan Meier, and Vefa Tarhan #16770 (AP   CF)
  
• Saints Marching In, 1590-2009
  Robert J. Barro and Rachel M. McCleary #16769 (EFG   LS   PE)
  
• Does the Indexing of Government Transfers Make Carbon Pricing Progressive?
  Don Fullerton, Garth Heutel, and Gilbert E. Metcalf #16768 (EEE   PE)
  
• Do Institutions Matter for FDI Spillovers? The Implications of China's "Special Characteristics"
  Luosha Du, Ann Harrison, and Gary Jefferson #16767 (EEE   ITI)
  
• Securitization without Adverse Selection: The Case of CLOs
  Efraim Benmelech, Jennifer Dlugosz, and Victoria Ivashina #16766 (CF)
  
• Is It Whom You Know or What You Know? An Empirical Assessment of the Lobbying Process
  Marianne Bertrand, Matilde Bombardini, and Francesco Trebbi #16765 (POL)
  
• Investor and Central Bank Uncertainty and Fear Measures Embedded in Index Options
  Alexander David and Pietro Veronesi #16764 (AP   EFG   ME)
  
• The Promise and Performance of the Federal Reserve as Lender of Last Resort 1914-1933
  Michael D. Bordo and David C. Wheelock #16763 (DAE   ME)
  
• The Value of Terroir: Hedonic Estimation of Vineyard Sale Prices
  Robin Cross, Andrew J. Plantinga, and Robert N. Stavins #16762 (EEE)
  
• Financial Integration, Entrepreneurial Risk and Global Imbalances
  George-Marios Angeletos and Vasia Panousi #16761 (IFM)
  
• The Distribution of the Size of Price Changes
  Alberto Cavallo and Roberto Rigobon #16760 (IFM)
  
• Did the Stimulus Stimulate? Real Time Estimates of the Effects of the American Readjustment and Recovery Act
  James Feyrer and Bruce Sacerdote #16759 (EFG   ME)
  
• Unconventional Fiscal Policy at the Zero Bound
  Isabel Correia, Emmanuel Farhi, Juan Pablo Nicolini, and Pedro Teles #16758 (EFG   ME)
  
• The Service Sector as India's Road to Economic Growth
  Barry Eichengreen and Poonam Gupta #16757 (IFM)
  
• Reducing Greenhouse Gas Emissions by Forest Protection: The Transaction Costs of REDD
  Lee J. Alston and Krister Andersson #16756 (EEE   LE   PE   POL)
  
• Monetary Policy Strategy: Lessons from the Crisis
  Frederic S. Mishkin #16755 (EFG   ME)
  
• Currency and Financial Crises of the 1990s and 2000s
  Assaf Razin and Steven Rosefielde #16754 (IFM)
  

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Week of Jan 31, 2011 - Feb 7, 2011

• The Network Structure of International Trade
  Thomas Chaney #16753 (ITI)
  
• Deposit Insurance Without Commitment: Wall St. Versus Main St
  Russell Cooper and Hubert Kempf #16752 (EFG)
  
• Consumption and Income Poverty over the Business Cycle
  Bruce D. Meyer and James X. Sullivan #16751 (CH   ED   LS   PE)
  
• Bubbly Liquidity
  Emmanuel Farhi and Jean Tirole #16750 (EFG   ME)
  
• Insurance and Taxation over the Life Cycle
  Emmanuel Farhi and Iván Werning #16749 (EFG   PE)
  
• Marital Sorting and Parental Wealth
  Kerwin Kofi Charles, Erik Hurst, and Alexandra Killewald #16748 (AG   EFG   LS   PE)
  
• Investment-Based Momentum Profits
  Laura Xiaolei Liu and Lu Zhang #16747 (AP   CF   EFG)
  
• Estimating the Returns to Urban Boarding Schools: Evidence from SEED
  Vilsa E. Curto and Roland G. Fryer, Jr. #16746 (ED   LS)
  
• Under Pressure: Job Security, Resource Allocation, and Productivity in Schools Under NCLB
  Randall Reback, Jonah Rockoff, and Heather L. Schwartz #16745 (ED)
  
• On the Persistent Financial Losses of U.S. Airlines: A Preliminary Exploration
  Severin Borenstein #16744 (IO   EFG)
  
• Sale Rates and Price Movements in Art Auctions
  Orley C. Ashenfelter and Kathryn Graddy #16743 (IO)
  
• Misallocation, Economic Growth, and Input-Output Economics
  Charles I. Jones #16742 (EFG   PR)
  
• The Long Slump
  Robert E. Hall #16741 (EFG)
  
• How Financial Literacy and Impatience Shape Retirement Wealth and Investment Behaviors
  Justine S. Hastings and Olivia S. Mitchell #16740 (AG   LS)
  
• Making friends with your neighbors? Agglomeration and tacit collusion in the lodging industry
  Li Gan and Manuel A. Hernandez #16739 (IO   LE)
  
• A Simple Test of Private Information in the Insurance Markets with Heterogeneous Insurance Demand
  Li Gan, Feng Huang, and Adalbert Mayer #16738 (AG   HC   HE)
  
• Capital-Market Effects of Securities Regulation: The Role of Implementation and Enforcement
  Hans B. Christensen, Luzi Hail, and Christian Leuz #16737 (AP   CF   LE   POL)
  
• Economic Impacts of Immigration: A Survey
  Sari Pekkala Kerr and William R. Kerr #16736 (LS   PR)
  
• Transaction Cost Regulation
  Pablo T. Spiller #16735 (LE   POL)
  
• Understanding Booms and Busts in Housing Markets
  Craig Burnside, Martin Eichenbaum, and Sergio Rebelo #16734 (AP   EFG)
  
• Learning Versus Stealing: How Important are Market-Share Reallocations to India's Productivity Growth?
  Ann E. Harrison, Leslie A. Martin, and Shanthi Nataraj #16733 (EEE   ITI)
  
• Electricity Consumption and Durable Housing: Understanding Cohort Effects
  Dora L. Costa and Matthew E. Kahn #16732 (EEE)
  
• If Drug Treatment Works So Well, Why Are So Many Drug Users in Prison?
  Harold Pollack, Peter Reuter, and Eric L. Sevigny #16731 (   LE)
  
• Why Is an Elite Undergraduate Education Valuable? Evidence from Israel
  Kevin Lang and Erez Siniver #16730 (LS)
  
• Does Indivisible Labor Explain the Difference Between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities
  Raj Chetty, Adam Guren, Dayanand S. Manoli, and Andrea Weber #16729 (EFG   LS   PE)
  
• Behavioral Economics Perspectives on Public Sector Pension Plans
  John Beshears, James J. Choi, David Laibson, and Brigitte C. Madrian #16728 (AG)
  
• Informational Rents, Macroeconomic Rents, and Efficient Bailouts
  Thomas Philippon and Philipp Schnabl #16727 (CF   EFG   ME   PE)
  
• Differences of Opinion and International Equity Markets
  Bernard Dumas, Karen K. Lewis, and Emilio Osambela #16726 (   AP   IFM)
  
• Credit Spreads as Predictors of Real-Time Economic Activity: A Bayesian Model-Averaging Approach
  Jon Faust, Simon Gilchrist, Jonathan H. Wright, and Egon Zakrajsek #16725 (ME)
  
• Liquidity Mergers
  Heitor Almeida, Murillo Campello, and Dirk Hackbarth #16724 (CF)
  
• Selection in Insurance Markets: Theory and Empirics in Pictures
  Liran Einav and Amy Finkelstein #16723 (AG   HC   IO   PE)
  
• Non-Production Benefits of Education: Crime, Health, and Good Citizenship
  Lance Lochner #16722 (CH   ED   HE   LS   PE   POL)
  
• Mobile Money: The Economics of M-PESA
  William Jack and Tavneet Suri #16721 (PR)
  
• Individual Rationality and Participation in Large Scale, Multi-Hospital Kidney Exchange
  Itai Ashlagi and Alvin E. Roth #16720 (HC)
  
• Social Security and Retirement around the World: Historical Trends in Mortality and Health, Employment, and Disability Insurance Participation and Reforms - Introduction and Summary
  Kevin S. Milligan and David A. Wise #16719 (AG)
  

---

Week of Jan 24, 2011 - Jan 31, 2011

• Fertility and the Plough
  Alberto Alesina, Paola Giuliano, and Nathan Nunn #16718 (POL)
  
• Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
  Nicholas Bloom, Mirko Draca, and John Van Reenen #16717 (EFG   IO   ITI   LS   PR)
  
• Risk Response in Agriculture
  Jeffrey LaFrance, Rulon Pope, and Jesse Tack #16716 (AP   PR   TWP)
  
• Is the Endowment Effect a Reference Effect?
  Ori Heffetz and John A. List #16715 (EEE   PE)
  
• Forecasts in a Slightly Misspecified Finite Order VAR
  Ulrich K. Müller and James H. Stock #16714 (TWP)
  
• Assessing China's Top-Down Securities Markets
  William T. Allen and Han Shen #16713 (LE)
  
• What Does Futures Market Interest Tell Us about the Macroeconomy and Asset Prices?
  Harrison Hong and Motohiro Yogo #16712 (AP   IFM)
  
• The Equal Environments Assumption in the Post-Genomic Age: Using Misclassified Twins to Estimate Bias in Heritability Models
  Dalton Conley and Emily Rauscher #16711 (CH   ED   HE)
  
• The Design of Performance Pay in Education
  Derek Neal #16710 (ED   LS)
  
• Supply and Effects of Specialty Crop Insurance
  Ethan Ligon #16709 (PR)
  
• One-node Quadrature Beats Monte Carlo: A Generalized Stochastic Simulation Algorithm
  Kenneth Judd, Lilia Maliar, and Serguei Maliar #16708 (EFG   TWP)
  
• Why Are Target Interest Rate Changes So Persistent?
  Olivier Coibion and Yuriy Gorodnichenko #16707 (EFG   IFM   ME)
  
• Modeling Processor Market Power and the Incidence of Agricultural Policy: A Non-parametric Approach
  Rachael E. Goodhue and Carlo Russo #16706 (EEE   IO)
  
• Implications of Population Aging for Economic Growth
  David E. Bloom, David Canning, and Günther Fink #16705 (   AG   EFG   LS)
  
• Determinants of Foreign Direct Investment
  Bruce A. Blonigen and Jeremy Piger #16704 (ITI)
  
• Six Distributional Effects of Environmental Policy
  Don Fullerton #16703 (EEE   PE)
  
• White Suburbanization and African-American Home Ownership, 1940-1980
  Leah Platt Boustan and Robert A. Margo #16702 (DAE)
  
• Negative Equity Does Not Reduce Homeowners' Mobility
  Sam Schulhofer-Wohl #16701 (EFG   PE)
  
• The Impact of Plant-level Resource Reallocations and Technical Progress on U.S. Macroeconomic Growth
  Amil Petrin, T. Kirk White, and Jerome P. Reiter #16700 (IO   PR)
  

---

Week of Jan 17, 2011 - Jan 24, 2011

• How Agricultural Biotechnology Boosts Food Supply and Accomodates Biofuels
  Steven Sexton and David Zilberman #16699 (EEE)
  
• Decreasing Delinquency, Criminal Behavior, and Recidivism by Intervening on Psychological Factors Other than Cognitive Ability: A Review of the Intervention Literature
  Patrick L. Hill, Brent W. Roberts, Jeffrey T. Grogger, Jonathan Guryan, and Karen Sixkiller #16698 (LE)
  
• Meeting the Mandate for Biofuels: Implications for Land Use, Food and Fuel Prices
  Xiaoguang Chen, Haixiao Huang, Madhu Khanna, and Hayri Önal #16697 (EEE)
  
• Heterogeneity and Risk Sharing in Village Economies
  Pierre-André Chiappori, Krislert Samphantharak, Sam Schulhofer-Wohl, and Robert M. Townsend #16696 (AP   EFG)
  
• Water Quality Violations and Avoidance Behavior: Evidence from Bottled Water Consumption
  Joshua Graff Zivin, Matthew Neidell, and Wolfram Schlenker #16695 (EEE   HE)
  
• Provincial and Local Governments in China: Fiscal Institutions and Government Behavior
  Roger H. Gordon and Wei Li #16694 (PE)
  
• The Buck Stops Where? The Distribution of Agricultural Subsidies
  Barry K. Goodwin, Ashok K. Mishra, and François Ortalo-Magné #16693 (PE   POL)
  
• Investigating the Dynamic Effects of Counterfeits with a Random Changepoint Simultaneous Equation Model
  Yi Qian and Hui Xie #16692 (PR)
  
• Matching Firms, Managers and Incentives
  Oriana Bandiera, Andrea Prat, Luigi Guiso, and Raffaella Sadun #16691 (PR)
  
• Does Decreased Access to Emergency Departments Affect Patient Outcomes? Analysis of AMI Population 1996-2005
  Yu-Chu Shen and Renee Y. Hsia #16690 (HC)
  
• Partnership Law and Credit Availability
  Howard Bodenhorn #16689 (DAE)
  
• Did Doubling Reserve Requirements Cause the Recession of 1937-1938? A Microeconomic Approach
  Charles W. Calomiris, Joseph Mason, and David Wheelock #16688 (DAE   EFG   ME)
  
• Letting Down the Team? Evidence of Social Effects of Team Incentives
  Philip Babcock, Kelly Bedard, Gary Charness, John Hartman, and Heather Royer #16687 (HC   HE)
  
• Rebalancing and the Chinese VAT: Some Numerical Simulation Results
  Chunding Li and John Whalley #16686 (ITI)
  
• Foreclosures, House Prices, and the Real Economy
  Atif Mian, Amir Sufi, and Francesco Trebbi #16685 (EFG)
  
• Consumer Spending and the Economic Stimulus Payments of 2008
  Jonathan A. Parker, Nicholas S. Souleles, David S. Johnson, and Robert McClelland #16684 (EFG   ME   PE)
  
• The Diffusion of Scientific Knowledge Across Time and Space: Evidence from Professional Transitions for the Superstars of Medicine
  Pierre Azoulay, Joshua S. Graff Zivin, and Bhaven N. Sampat #16683 (PR)
  
• A Dynamic Theory of Resource Wars
  Daron Acemoglu, Mikhail Golosov, Aleh Tsyvinski, and Pierre Yared #16682 (EFG   POL)
  
• Stochastic Growth in the United States and Euro Area
  Peter N. Ireland #16681 (ME)
  
• Best Prices
  Judith A. Chevalier and Anil K Kashyap #16680 (EFG   IO   ME)
  
• Revisiting Instrumental Variables and the Classic Control Function Approach, with Implications for Parametric and Non-Parametric Regressions
  Kyoo il Kim and Amil Petrin #16679 (TWP)
  
• Economics, History, and Causation
  Randall Morck and Bernard Yeung #16678 (CF)
  
• U.S. International Equity Investment and Past and Prospective Returns
  Stephanie E. Curcuru, Charles P. Thomas, Francis E. Warnock, and Jon Wongswan #16677 (IFM)
  

---

Week of Jan 10, 2011 - Jan 17, 2011

• Globalization, Governance, and the Returns to Cross-Border Acquisitions
  Jesse Ellis, Sara B. Moeller, Frederik P. Schlingemann, and René M. Stulz #16676 (CF)
  
• The Drawdown of Personal Retirement Assets
  James M. Poterba, Steven F. Venti, and David A. Wise #16675 (AG)
  
• The Role of Currency Realignments in Eliminating the US and China Current Account Imbalances
  Martin S. Feldstein #16674 (IFM)
  
• Is Being in School Better? The Impact of School on Children's BMI When Starting Age is Endogenous
  Patricia M. Anderson, Kristin F. Butcher, Elizabeth U. Cascio, and Diane Whitmore Schanzenbach #16673 (CH   HE)
  
• Gravity Chains: Estimating Bilateral Trade Flows When Parts And Components Trade Is Important
  Richard Baldwin and Daria Taglioni #16672 (ITI)
  
• The War at Home: Effects of Vietnam-Era Military Service on Post-War Household Stability
  Dalton Conley and Jennifer Heerwig #16671 (   CH   LS   PE)
  
• Tax Competition and Migration: The Race-to-the-Bottom Hypothesis Revisited
  Assaf Razin and Efraim Sadka #16670 (IFM)
  
• Insurance Mandates and Mammography
  Marianne P. Bitler and Christopher S. Carpenter #16669 (HC   HE)
  
• International Happiness
  David G. Blanchflower and Andrew J. Oswald #16668 (HE   LS)
  
• Kosher Pork
  Allan Drazen and Ethan Ilzetzki #16667 (IFM   POL)
  
• Trade and the Global Recession
  Jonathan Eaton, Samuel Kortum, Brent Neiman, and John Romalis #16666 (EFG   IFM   ITI   PR)
  
• Race and Home Ownership from the Civil War to the Present
  William J. Collins and Robert A. Margo #16665 (DAE)
  
• Long-run Impacts of School Desegregation & School Quality on Adult Attainments
  Rucker C. Johnson #16664 (CH   LS)
  
• Jockeying for Position: Strategic High School Choice Under Texas' Top Ten Percent Plan
  Julie Berry Cullen, Mark C. Long, and Randall Reback #16663 (CH   ED   LS   PE)
  
• Trade and Labor Market Outcomes
  Elhanan Helpman, Oleg Itskhoki, and Stephen Redding #16662 (ITI)
  
• Fifteen Years On: Household Incomes in South Africa
  Murray Leibbrandt and James Levinsohn #16661 (ITI)
  
• International Trade, Offshoring and Heterogeneous Firms
  Richard Baldwin and Toshihiro Okubo #16660 (ITI)
  
• Effects of Welfare Reform on Vocational Education and Training
  Dhaval M. Dave, Nancy E. Reichman, Hope Corman, and Dhiman Das #16659 (ED   HE   PE)
  
• Does Management Matter? Evidence from India
  Nicholas Bloom, Benn Eifert, Aprajit Mahajan, David McKenzie, and John Roberts #16658 (EFG   IO   LS   PR)
  
• The Propagation of Regional Recessions
  James D. Hamilton and Michael T. Owyang #16657 (EFG)
  
• A Structural Approach to Market Definition With an Application to the Hospital Industry
  Martin Gaynor, Samuel A. Kleiner, and William B. Vogt #16656 (HC)
  
• Valuing the Benefits of Superfund Site Remediation: Three Approaches to Measuring Localized Externalities
  Shanti Gamper-Rabindran, Ralph Mastromonaco, and Christopher Timmins #16655 (EEE)
  

---

Week of Jan 3, 2011 - Jan 10, 2011

• Inflation Targeting
  Lars E.O. Svensson #16654 (IFM   ME)
  
• The Equity and Efficiency of Two-Part Tariffs in U.S. Natural Gas Markets
  Severin Borenstein and Lucas W. Davis #16653 (EEE   IO)
  
• Venture Capital and Other Private Equity: A Survey
  Andrew Metrick and Ayako Yasuda #16652 (AP   CF)
  
• Equity Prices and Equity Flows: Testing Theory of the Information-Efficiency Tradeoff
  Assaf Razin and Anuk Serechetapongse #16651 (IFM)
  
• Entry and Selection in Auctions
  James W. Roberts and Andrew Sweeting #16650 (IO)
  
• Dynamic Incentive Contracts Under Parameter Uncertainty
  Julien Prat and Boyan Jovanovic #16649 (IO)
  
• Predictability of Returns and Cash Flows
  Ralph S.J. Koijen and Stijn Van Nieuwerburgh #16648 (AP   EFG)
  
• U.S. Foreign-Exchange-Market Intervention and the Early Dollar Float: 1973 – 1981
  Michael D. Bordo, Owen F. Humpage, and Anna J. Schwartz #16647 (ME)
  
• The Wage Effects of Immigration and Emigration
  Frédéric Docquier, Çağlar Özden, and Giovanni Peri #16646 (EFG   ITI   LS)
  
• Conveniently Upset: Avoiding Altruism by Distorting Beliefs About Others
  Rafael Di Tella and Ricardo Pérez-Truglia #16645 (POL)
  
• Does Fiscal Policy Matter? Blinder and Solow Revisited
  Roger E.A. Farmer and Dmitry Plotnikov #16644 (EFG)
  
• When Opportunity Knocks, Who Answers? New Evidence on College Achievement Awards
  Joshua Angrist, Philip Oreopoulos, and Tyler Williams #16643 (CH   ED   LS   PE)
  
• Fire Sales in Finance and Macroeconomics
  Andrei Shleifer and Robert W. Vishny #16642 (CF   EFG)
  
• The Extensive Margin of Exporting Products: A Firm-level Analysis
  Costas Arkolakis and Marc-Andreas Muendler #16641 (ITI)
  
• The General Theory of Employment, Interest, and Money After 75 Years: The Importance of Being in the Right Place at the Right Time
  Matthew N. Luzzetti and Lee E. Ohanian #16631 (EFG)
  

---

Week of Dec 27, 2010 - Jan 3, 2011

• Rethinking the Effects of Financial Liberalization
  Fernando A. Broner and Jaume Ventura #16640 (EFG)
  
• Agglomerative Forces and Cluster Shapes
  William R. Kerr and Scott Duke Kominers #16639 (IO   LS   PR)
  
• How Does the Business Cycle Affect Eating Habits?
  Dhaval M. Dave and Inas Rashad Kelly #16638 (HE)
  
• Stopping Suicide Attacks: Optimal Strategies and Unintended Consequences
  Michael McBride and Gary Richardson #16637 (POL)
  
• Individual and Aggregate Labor Supply With Coordinated Working Times
  Richard Rogerson #16636 (EFG)
  
• Local Electoral Incentives and Decentralized Program Performance
  Alain de Janvry, Frederico Finan, and Elisabeth Sadoulet #16635 (ED   POL)
  
• Identification and Inference in Linear Stochastic Discount Factor Models
  Craig Burnside #16634 (AP   EFG)
  
• Second-Order Approximation of Dynamic Models with Time-Varying Risk
  Gianluca Benigno, Pierpaolo Benigno, and Salvatore Nisticò #16633 (EFG   ME   TWP   AP)
  
• Holdouts in Sovereign Debt Restructuring: A Theory of Negotiation in a Weak Contractual Environment
  Rohan Pitchford and Mark L. J. Wright #16632 (IFM)
  
• International Macro-Finance
  Anna Pavlova and Roberto Rigobon #16630 (IFM)
  
• Unexploited Gains from International Diversification: Patterns of Portfolio Holdings Around the World
  Tatiana Didier, Roberto Rigobon, and Sergio L. Schmukler #16629 (IFM)
  

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