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New This Week Archive

NBER Working Papers released in the past, by week.

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Week of September 17, 2001

New Book Chapters

• Pharmaceutical Prices and Political Activity
  Sara Fisher Ellison and Catherine Wolfram #8482 (IO)
  
• Worms: Education and Health Externalities in Kenya
  Edward Miguel and Michael Kremer #8481 (HC, PE)
  
• Plant Vintage, Technology, and Environmental Regulation
  Wayne B. Gray and Ronald J. Shadbegian #8480 (PR, ENV)
  
• Disruption versus Tiebout Improvement: The Costs and Benefits of Switching Schools
  Eric A. Hanushek, John F. Kain and Steven G. Rivkin #8479 (C, LE, PE, EE)
  
• The Economic Costs of Conflict: A Case-Control Study for the Basque Country
  Alberto Abadie and Javier Gardeazabal #8478 (LS)
  
• Dynamic Pricing in the Presence of Antidumping Policy: Theory and Evidence
  Bruce A. Blonigen and Jee-Hyeong Park #8477 (ITI)
  
• Financial Super-Markets: Size Matters for Asset Trade
  Philippe Martin and Helene Rey #8476 (IFM)
  
• The Effects of Variable Capital Utilization on the Measurement and Properties of Sectoral Productivity: Some International Evidence
  Marianne Baxter and Dorsey D. Farr #8475 (EFG, ITI, PR)
  
• Making a Name
  Claudia Goldin and Maria Shim #8474 (DAE, LS)
  
• The Role of Permanent Income and Demographics in Black/White Differences in Wealth
  Joseph G. Altonji and Ulrich Doraszelski #8473 (LS, PE)
  
• The Information Content of International Portfolio Flows
  Kenneth A. Froot and Tarun Ramadorai #8472 (AP, IFM)
  
• U.S. Monetary Policy During the 1990s
  N. Gregory Mankiw #8471 (EFG, ME)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Shared Modes of Compensation and Firm Performance: UK Evidence"
  Martin J. Conyon and Richard B. Freeman
  Comment by James H. Stock on "Evolving Post-World War II U.S. Inflation Dynamics," by Timothy Cogley and Thomas J. Sargent
  Comment by David Romer on "Is Growth Exogenous? Taking Mankiw, Romer, and Weil Seriously," by Ben S. Bernanke and Refet S. Gürkaynak
  "Seasoning, Disease Environment, and Conditions of Exposure: New York Union Army Regiments and Soldiers"
  Daniel Scott Smith
  "Seeking a Premier League Economy: the Role of Privatisation"
  Richard Green and Jonathan Haskel
  "Prior Exposure to Disease, and Later Health and Mortality: Evidence from Civil War Medical Records"
  Chulhee Lee
  "Privatization and Corporate Governance"
  Simon Johnson and Andrei Shleifer

Week of September 10, 2001

New Book Chapters

• A Fuzzy Logic Approach Toward Solving the Analytic Maze of Health System Financing
  Dov Chernichovsky #8470 (HE)
  
• From Wild West to the Godfather: Enforcement Market Structure
  James E. Anderson and Oriana Bandiera #8469 (ITI)
  
• Limiting Currency Volatility to Stimulate Goods Market Integration: A Price Based Approach
  David C. Parsley and Shang-Jin Wei #8468 (IFM, ITI)
  
• Income Inequality in the United States, 1913-1998
  Thomas Piketty and Emmanuel Saez #8467 (PE)
  
• Accounting for the Black-White Wealth Gap: A Nonparametric Approach
  Robert Barsky, John Bound, Kerwin Charles and Joseph Lupton #8466 (A, LS)
  
• Pollution Havens and Foreign Direct Investment: Dirty Secret or Popular Myth?
  Beata K. Smarzynska and Shang-Jin Wei #8465 (IFM, ITI)
  
• The Economics of Has-Beens
  Glenn MacDonald and Michael Weisbach #8464 (CF, LS)
  
• Shocks and Institutions in a Job Matching Model
  Wouter J. Den Haan, Christian Haefke and Garey Ramey #8463 (EFG)
  
• Liquidity Risk and Expected Stock Returns
  Lubos Pastor and Robert F. Stambaugh #8462 (AP)
  
• Why Are Some People (and Countries) More Protectionist Than Others?
  Anna Maria Mayda and Dani Rodrik #8461 (IFM, ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Globalization and Capital Markets"
  Maurice Obstfeld and Alan M. Taylor
  Discussion summaries after each chapter
  "The Measurement of Quality-Adjusted Price Changes"
  Mick Silver and Saeed Heravi
  Comment by Paolo Pesenti on "Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asia"
  Robert Dekle and Kenneth Kletzer
  Comment by Martin Feldstein on "Negative Alchemy? Corruption, Composition of Capital Flows and Currency Crises"
  Shang-Jin Wei and Yi Wu
  Comment by Eduardo Borensztein on "Living with the Fear of Floating: An Optimal Policy Perspective"
  Amartya Lahiri and Carlos A. Végh
  Comment by Jaume Ventura on "The Role of Large Players in Currency Crises"
  Giancarlo Corsetti, Paolo Pesenti and Nouriel Roubini
  Comment by Joshua Aizenman on "What Hurts Most? G-3 Exchange Rate or Interest Rate Volatility?"
  Carmen M. Reinhart and Vincent Raymond Reinhart
  Comment by Liliana Rojas-Suarez on "Did the Malaysian Capital Controls Work"
  Ethan Kaplan and Dani Rodrik
  "Using Markets to Help Solve Public Problems"
  John McMillan
  "The Significance of Lead Water Mains in American Cities: Some Historical Evidence"
  Werner Troesken and Patricia E. Beeson
  "Government Commitment and the Outcome of Privatization in China"
  Yang Yao
  Comment by Charles L. Evans on "The Cost Channel of Monetary Transmission"
  Marvin J. Barth III and Valerie Ramey
  "Reflections on the 'Early Indicators Project': A Partial History"
  Larry T. Wimmer

Week of September 3, 2001

New Book Chapters

• Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution
  Daron Acemoglu, Simon Johnson and James A. Robinson #8460 (CF, DAE, EFG)
  
• A Tariff-Growth Paradox? Protection's Impact the World Around 1875-1997
  Michael A. Clemens and Jeffrey G. Williamson #8459 (DAE, ITI)
  
• Environmental Taxation and Regulation
  A. Lans Bovenberg and Lawrence H. Goulder #8458 (PE, ENV)
  
• Tax Credits, the Distribution of Subsidized Health Insurance Premiums, and the Uninsured
  Mark V. Pauly, Bradley Herring and David Song #8457 (HC)
  
• Instrumental Variables and the Search for Identification: From Supply and Demand to Natural Experiments
  Joshua Angrist and Alan B. Krueger #8456 (LS, PE)
  
• Health Policy in the Clinton Era: Once Bitten, Twice Shy
  David Cutler and Jonathan Gruber #8455 (HC, PE)
  
• U.S. Energy Policy During the 1990s
  Paul L. Joskow #8454 (IO)
  
• Exchange Rate Exposure
  Kathryn M.E. Dominguez and Linda L. Tesar #8453 (AP, IFM)
  
• The Effect of Capital Structure When Expected Agency Costs are Extreme
  Campbell R. Harvey, Karl V. Lins and Andrew H. Roper #8452 (AP)
  
• Social Security
  Martin Feldstein and Jeffrey B. Liebman #8451 (A, PE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "High-Frequency Substitution and the Measurement of Price Indexes"
  Robert C. Feenstra and Matthew D. Shapiro
  Introduction to Managing Currency Crises in Emerging Markets"
  edited by Michael P. Dooley and Jeffrey A. Frankel
  "Can School Choice and School Accountability Successfully Coexist?"
  David Figlio Marianne Page
  "HCFA Payments Necessary to Support HMO Participation in Medicare Managed Care"
  John Cawley, Michael Chernew and Catherine McLaughlin

Week of August 27, 2001

New Book Chapters

• The Economic Geography of the Internet Age
  Edward E. Leamer and Michael Storper #8450 (ITI, PR)
  
• Corporate Governance and Equity Prices
  Paul A. Gompers, Joy L. Ishii and Andrew Metrick #8449 (AP, CF)
  
• Shared Modes of Compensation and Firm Performance: UK Evidence
  Martin J. Conyon and Richard B. Freeman #8448 (LS)
  
• Economic Expansions Are Unhealthy: Evidence from Microdata
  Christopher J. Ruhm #8447 (HC, HE)
  
• Ginis in General Equilibrium: Trade, Technology and Southern Inequality
  Susan Chun Zhu and Daniel Trefler #8446 (ITI)
  
• Consumers and Agency Problems
  Canice J. Prendergast #8445 (LS)
  
• The Limits to Wage Growth: Measuring the Growth Rate of Wages For Recent Welfare Leavers
  David Card, Charles Michalopoulos and Philip K. Robins #8444 (LS, PE)
  
• Between Meltdown and Moral Hazard
  J. Bradford DeLong and Barry Eichengreen #8443 (IFM)
  
• California's Electricity Crisis
  Paul L. Joskow #8442 (IO, ENV)
  
• The Electoral Advantage to Incumbency and Voters' Valuation of Politicians' Experience: A Regression Discontinuity Analysis of Elections to the U.S. House
  David S. Lee #8441 (LS, PE)
  
• Foreign Direct Investment in a World of Multiple Taxes
  Mihir A. Desai and James R. Hines Jr. #8440 (ITI, PE)
  
• Simulated Likelihood Estimation of Diffusions with an Application to Exchange Rate Dynamics in Incomplete Markets
  Michael W. Brandt and Pedro Santa-Clara #T0274 (TWP)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Productivity Effects of TVE Privatization: The Case Study of Garment and Metal Casting Enterprises in the Great Yangtze River Region"
  Tetsushi Sonobe and Keijiro Otsuka
  Comment by Helen Owens on "The Japanese Experience with Railway Restructuring"
  Fumitoshi Mizutani and Kiyoshi Nakamura
  "The Effects of Medicare on Health Care Utilization and Outcomes"
  Frank R. Lichtenberg
  "Tax Credits, the Distribution of Subsidized Health Insurance Premiums, and the Uninsured"
  Mark V. Pauly, Bradley Herring and David Song
  Comment by Jeffrey Frankel on "Long-Term Capital Movements"
  Philip R. Lane and Gian Maria Milesi-Ferretti
  Comment by Christopher Sims on "Evolving Post-World War II U.S. Inflation Dynamics"
  Timothy Cogley and Thomas Sargent
  "The Poor and the Dead: Socioeconomic Status and Mortality in the U.S., 1850-1860"
  Joseph P. Ferrie
  "Labor Market Reforms and Changes in Wage Inequality in the United Kingdom and the United States"
  Amanda Gosling and Thomas Lemieux
  "Shaping Future Rules for Trade in Services: Lessons from the GATS"
  Aaditya Mattoo
  Comment by James E. Duggan and David W. Wilcox
  Comments by Francesco Caselli and Olivier Blanchard
  Comments by Richard Snape, Chong-Hyun Nam, Deunden Nikomborirak and Yang Yao
  "Why Do Governments Dump State Enterprises? Evidence from China"
  David D. Li and Francis T. Lui
  "Do We Really Know that Oil Caused the Great Stagflation? A Monetary Alternative"
  Robert B. Barsky and Lutz Kilian

Week of August 20, 2001

• Stock Market Driven Acquisitions
  Andrei Shleifer and Robert W. Vishny #8439 (AP, CF)
  
• Does Direct Foreign Investment Affect Domestic Firms' Credit Constraints?
  Ann E. Harrison and Margaret S. McMillan #8438 (ITI)
  
• The Clinton Legacy for America's Poor
  Rebecca M. Blank and David T. Ellwood #8437 (C, LS, PE)
  
• Stock Volatility in the New Millennium: How Wacky Is Nasdaq?
  G. William Schwert #8436 (AP)
  
• "Hall of Fame" Voting: The Econometric Society
  Daniel S. Hamermesh and Peter Schmidt #8435 (LS)
  
• The Quality Distribution of Jobs and the Structure of Wages in Search Equilibrium
  Steven J. Davis #8434 (EFG, LS)
  
• Expansion Strategies of U.S. Multinational Firms
  Gordon H. Hanson, Raymond J. Mataloni, Jr. and Matthew J. Slaughter #8433 (ITI)
  
• Teachers, Race and Student Achievement in a Randomized Experiment
  Thomas S. Dee #8432 (C, ED)
  
• Mobility as Progressivity: Ranking Income Processes According to Equality of Opportunity
  Roland Benabou and Efe A. Ok #8431 (PE)
  
• The Composite Index of Leading Economic Indicators: How to Make It More Timely
  Robert H. McGuckin, Ataman Ozyildirim and Victor Zarnowitz #8430 (EFG)
  
• The Inter-War Gold Exchange Standard: Credibility and Monetary Independence
  Michael D. Bordo and Ronald MacDonald #8429 (DAE, ME)
  

Week of August 13, 2001

New Book Chapters

• A "Vertical" Analysis of Crises and Intervention: Fear of Floating and Ex-ante Problems
  Ricardo J. Caballero and Arvind Krishnamurthy #8428 (EFG, IFM)
  
• Smoothing Sudden Stops
  Ricardo J. Caballero and Arvind Krishnamurthy #8427 (EFG, IFM)
  
• What Can the Price Gap between Branded and Private Label Products Tell Us about Markups?
  Robert Barsky, Mark Bergen, Shantanu Dutta and Daniel Levy #8426 (EFG, ME)
  
• New Products, Quality Changes and Welfare Measures Computed from Estimated Demand Systems
  Aviv Nevo #8425 (IO, PR)
  
• The Economic and Strategic Motives for Antidumping Filings
  Thomas J. Prusa and Susan Skeath #8424 (ITI)
  
• The Case for Price Stability
  Marvin Goodfriend and Robert G. King #8423 (EFG)
  
• Temporary Controls on Capital Inflows
  Carmen M. Reinhart and R. Todd Smith #8422 (IFM)
  
• Productivity Growth and the Phillips Curve
  Laurence Ball and Robert Moffitt #8421 (EFG, ME)
  
• A Framework to Compare Environmental Policies
  Don Fullerton #8420 (PE)
  
• What do Self-Reported, Objective, Measures of Health Measure?
  Michael Baker, Mark Stabile and Catherine Deri #8419 (HC, LS)
  
• Plant- and Firm-Level Evidence on "New" Trade Theories
  James R. Tybout #8418 (ITI)
  
• Luxury Goods and the Equity Premium
  Yacine Ait-Sahalia, Jonathan A. Parker and Motohiro Yogo #8417 (AP)
  
• Targeting Managerial Control: Evidence from Franchising
  Francine Lafontaine and Kathryn L. Shaw #8416 (IO)
  
• Toward a Framework for Improving Health Care Financing for an Aging Population: The Case of Israel
  Dov Chernichovsky and Sara Markowitz #8415 (A, HE)
  
• When Does Capital Account Liberalization Help More than It Hurts?
  Carlos Arteta, Barry Eichengreen and Charles Wyplosz #8414 (IFM)
  
• Labour Market Reforms and Changes in Wage Inequality in the United Kingdom and the United States
  Amanda Gosling and Thomas Lemieux #8413 (LS)
  
• The Poor and the Dead: Socioeconomic Status and Mortality in the U.S., 1850-1860
  Joseph P. Ferrie #H135 (DAE)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Taxation and Household Portfolio Composition: U.S. Evidence from the 1980s and 1990s"
  James M. Poterba and Andrew A. Samwick
  Comment by Andrew Samwick

Week of August 6, 2001

New Book Chapters

• Another Look at Whether a Rising Tide Lifts All Boats
  James R. Hines Jr., Hilary W. Hoynes and Alan B. Krueger #8412 (LS, PE)
  
• Economic Perspectives on Software Design: PC Operating Systems and Platforms
  Steven J. Davis, Jack MacCrisken and Kevin M. Murphy #8411 (PR)
  
• Consumer Sentiment: Its Rationality and Usefulness in Forecasting Expenditure - Evidence from the Michigan Micro Data
  Nicholas A. Souleles #8410 (EFG, ME)
  
• An Empirical Analysis of Personal Bankruptcy and Delinquency
  David B. Gross and Nicholas A. Souleles #8409 (EFG)
  
• Australian Growth: A California Perspective
  Ian W. McLean and Alan M. Taylor #8408 (DAE, IFM, ITI)
  
• Pricing, Production and Persistence
  Michael Dotsey and Robert G. King #8407 (EFG)
  
• Imperfect Knowledge, Retirement and Saving
  Alan L. Gustman and Thomas L. Steinmeier #8406 (A, LS)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Evolving Post-World War II U.S. Inflation Dynamics"
  Timothy Cogley and Thomas J. Sargent
  "Hospital Ownership Conversions: Defining the Appropriate Public Oversight Role"
  Frank A. Sloan
  Remarks by Robert Rubin

Week of July 30, 2001

New Book Chapters

• The Aging Population and the Size of the Welfare State
  Assaf Razin, Efraim Sadka and Phillip Swagel #8405 (PE)
  
• International Risk Sharing is Better Than You Think (or Exchange Rates are Much Too Smooth)
  Michael W. Brandt, John H. Cochrane and Pedro Santa-Clara #8404 (AP, IFM)
  
• Nominal Rigidities and the Dynamic Effects of a Shock to Monetary Policy
  Lawrence J. Christiano, Martin Eichenbaum and Charles Evans #8403 (EFG, ME)
  
• Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market
  Pinelopi Koujianou Goldberg and Frank Verboven #8402 (IO, ITI)
  
• Alcohol and Marijuana Use Among College Students: Economic Complements or Substitutes?
  Jenny Williams, Rosalie Liccardo Pacula, Frank J. Chaloupka and Hanry Wechsler #8401 (C, HE)
  
• Attracting FDI in a Politically Risky World
  Eckhard Janeba #8400 (ITI)
  
• Using Deferred Compensation to Strengthen the Ethics of Financial Regulation
  Edward J. Kane #8399 (CF)
  
• Antidumping
  Bruce A. Blonigen and Thomas J. Prusa #8398 (ITI)
  
• One Decade of Inflation Targeting in the World: What Do We Know and What Do We Need to Know?
  Frederic S. Mishkin and Klaus Schmidt-Hebbel #8397 (ME)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "Using Scanner Data in the Consumer Price Index: Some Neglected Conceptual Considerations"
  Jack E. Triplett
  "Is Growth Exogenous? Taking Mankiw, Romer and Weil Seriously"
  Ben S. Bernanke and Refet S. Gurkaynak
  Comment by Michael P. Dooley on "Malaysia: Was It Different" by Rudiger Dornbusch
  Comment by Kristin J. Forbes on "Long-Term Capital Movements" by Philip R. Lane and Gian Maria Milesi-Ferretti

Week of July 23, 2001

New Book Chapters

• Financial Restructuring in Banking and Corporate Sector Crises: What Policies to Pursue?
  Stijn Claessens, Daniela Klingebiel and Luc Laeven #8386 (IFM)
  
• Measuring the Relative Performance of Providers of a Health Service
  Daniel A. Ackerberg, Matilde P. Machado and Michael H. Riordan #8385 (HC)
  
• Extensive or Intensive Generosity? The Price and Income Effects of Federal Grants
  Katherine Baicker #8384 (PE)
  
• The Spillover Effects of State Spending
  Katherine Baicker #8383 (PE)
  
• The Budgetary Repercussions of Capital Convictions
  Katherine Baicker #8382 (PE)
  
• The International Lender of Last Resort: How Large is Large Enough?
  Olivier Jeanne and Charles Wyplosz #8381 (IFM)
  
• The Impact of Separate Taxation on the Intra-Household Allocation of Assets: Evidence from the UK
  Melvin Stephens Jr. and Jennifer Ward-Batts #8380 (PE)
  
• Monetary Policy in a Data-Rich Environment
  Ben S. Bernanke and Jean Boivin #8379 (EFG, ME)
  
• Did the Elimination of Mandatory Retirement Affect Faculty Retirement Flows?
  Orley Ashenfelter and David Card #8378 (LS)
  
• Education, Segregation and Marital Sorting: Theory and an Application to UK Data
  Raquel Fernandez #8377 (EFG, LE, PE)
  
• The Urban Mortality Transition in the United States, 1800-1940
  Michael R. Haines #H134 (DAE)
  
• A New Use of Importance Sampling to Reduce Computational Burden in Simulation Estimation
  Daniel A. Ackerberg #T273 (TWP)
  
• Demand Estimation With Heterogeneous Consumers and Unobserved Product Characteristics: A Hedonic Approach
  Patrick Bajari and C. Lanier Benkard #T272 (TWP)
  
• Estimating Hedonic Models: Implications of the Theory
  Helen Tauchen and Ann Dryden Witte #T271 (TWP)
  
• Does a Currency Union Affect Trade? The Time Series Evidence
  Reuven Glick and Andrew K. Rose #8396 (IFM, ITI)
  
• The Efficiency of Medicare
  Jonathan Skinner, Elliott Fisher and John E. Wennberg #8395 (A, HC, PE)
  
• Intergenerational Fiscal Constitutions: How to Protect Future Generations Using Land Taxes and Federalism
  John P. Conley and Antonio Rangel #8394 (PE)
  
• Living Wages: Protection For or Protection From Low-Wage Workers
  David Neumark #8393 (LS)
  
• Variable Factor Utilization and International Business Cycles
  Marianne Baxter and Dorsey Farr #8392 (EFG, IFM, ITI)
  
• Living with the Fear of Floating: An Optimal Policy Perspective
  Amartya Lahiri and Carlos A. Vegh #8391 (IFM)
  
• Resource Curse or Debt Overhang?
  Osmel Manzano and Roberto Rigobon #8390 (EFG, IFM)
  
• Do We Really Know that Oil Caused the Great Stagflation?
  Robert B. Barsky and Lutz Kilian #8389 (ME)
  
• Ex Ante Costs of Violating Absolute Priority in Bankruptcy
  Lucian Arye Bebchuk #8388 (LE)
  
• A Theory of Consumption Function, With and Without Liquidity Constraints (Expanded Version)
  Christopher D. Carroll #8387 (ME)
  

  ---

  The following are new or updated chapters for forthcoming books:

  Comment by Gary Burtless
  "Long-Term Capital Movementss"
  Philip R. Lane and Gian Maria Milesi-Ferretti
  "The 6D Bias and the Equity Premium Puzzles"
  Xavier Gabaix and David Laibson
  "The Growth and Potential of Taiwan's Foreign Trade in Servicess"
  Li-min Hsueh, An-loh Lin and Su-wan Wang
  Comment by Nouriel Roubini
  Comment by Stephen C. Goss
  Introduction by Sebastian Edwards and Jeffrey Frankel
  "Domestic Bank Regulation and Financial Crises: Theory and Empirical Evidence from East Asias"
  Robert Dekle and Kenneth Kletzer

Week of July 9, 2001

New Book Chapters

• Favoritism Under Social Pressure
  Luis Garicano, Ignacio Palacios and Canice Prendergast #8376 (LS)
  
• Agricultural Labor Productivity in the Lower South, 1720-1800
  Peter C. Mancall, Joshua L. Rosenbloom and Thomas Weiss #8375 (DAE)
  
• Forced Out of the Closet: The Impact of the American Inventors Protection Act on the Timing of Patent Disclosures
  Daniel K.N. Johnson and David Popp #8374 (PR)
  
• Recovery and Sustainability in East Asia
  Yung Chul Park and Jong-Wha Lee #8373 (IFM)
  
• Global Production Sharing and Rising Inequality: A Survey of Trade and Wages
  Robert Feenstra and Gordon Hanson #8372 (ITI)
  
• Political Market Structure
  James E. Anderson and Thomas J. Prusa #8371 (IO)
  
• Mortality, Inequality and Race in American Cities and States
  Angus Deaton and Darren Lubotsky #8370 (A, C, HC)
  
• International Macroeconomics: Beyond the Mundell-Fleming Model
  Maurice Obstfeld #8369 (EFG, IFM)
  
• Young Geniuses and Old Masters: The Life Cycles of Great Artists from Masaccio to Jasper Johns
  David W. Galenson and Robert Jensen #8368 (LS)
  
• Referrals
  Luis Garicano and Tano Santos #8367 (AP)
  
• Long-Term Capital Movements
  Philip R. Lane and Gian Maria Milesi-Ferretti #8366 (IFM)
  
• Is Growth Exogenous? Taking Mankiw, Romer, and Weil Seriously
  Ben S. Bernanke and Refet S. Gurkaynak #8365 (EFG)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "School Vouchers as a Redistributive Device: An Analysis of Three Alternative Systems"
  Raquel Fernández and Richard Rogerson
  "Living with the Fear of Floating: An Optimal Policy Perspective"
  Amartya Lahiri and Carlos A. Végh
  "Foreign Direct Investment and Service Trade: The Case of Japan"
  Kyoji Fukao and Keiko Ito

Week of July 2, 2001

New Book Chapters

• Social Dumping in the Transformation Process?
  Hans-Werner Sinn #8364 (ITI, PE)
  
• A No-Arbitrage Vector Autoregression of Term Structure Dynamics with Macroeconomic and Latent Variables
  Andrew Ang and Monika Piazzesi #8363 (AP, ME)
  
• Rational Speculation and Exchange Rates
  Margarida Duarte and Alan C. Stockman #8362 (IFM)
  
• Current Accounts and Exchange Rates: A New Look at the Evidence
  Greg Leonard and Alan C. Stockman #8361 (IFM)
  
• The Size of the Permanent Component of Asset Pricing Kernels
  Fernando Alvarez and Urban J. Jermann #8360 (AP, EFG, IFM)
  
• Productivity Growth in the 1990s: Technology, Utilization, or Adjustment?
  Susanto Basu, John G. Fernald and Matthew D. Shapiro #8359 (EFG, PR)
  
• Social Interaction and Stock-Market Participation
  Harrison Hong, Jeffrey D. Kubik and Jeremy C. Stein #8358 (AP, CF)
  
• Is There a New Urbanism? The Growth of U.S. Cities in the 1990s
  Edward L. Glaeser and Jesse Shapiro #8357 (PE)
  
• Portfolio Balance, Price Impact, and Secret Intervention
  Martin D. D. Evans and Richard K. Lyons #8356 (IFM)
  
• Centralization, Fiscal Federalism and Private School Attendance
  Thomas J. Nechyba #8355 (EE, PE)
  
• Financial Structure, Macroeconomic Stability and Monetary Policy
  Stephen G. Cecchetti and Stefan Krause #8354 (ME)
  
• The Impact of Employee Stock Options on the Evolution of Compensation in the 1990s
  Hamid Mehran and Joseph Tracy #8353 (ME)
  
• Why Has the Euro Been Falling? An Investigation into the Determinants of the Exchange Rate
  Hans-Werner Sinn and Frank Westermann #8352 (IFM)
  
• Competition in the Computer Industry: Online Versus Retail
  Austan Goolsbee #8351 (IO, PR)
  
• Measuring the Reaction of Monetary Policy to the Stock Market
  Roberto Rigobon and Brian Sack #8350 (AP, IFM, ME)
  
• Why Some Firms Export
  Andrew B. Bernard and J. Bradford Jensen #8349 (ITI)
  

  ---

  The following are new or updated chapters for forthcoming books:

  "External Wealth, the Trade Balance, and the Real Exchange Rate"
  Philip R. Lane and Gian Maria Milesi-Ferretti
  "Prospects for an Information Technology-Led Productivity Surge"
  Timothy F. Bresnahan
  "What Can the Price Gap between Branded and Private Label Goods Tell Us About Markups?"
  Robert Barsky, Mark Bergen, Shantanu Dutta and Daniel Levy

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