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Content
1997
- 6073 Measuring Market Integration: A Model of Arbitrage with an Econometric Application to the Gold Standard, 1879-1913
by Gauri Prakash & Alan M. Taylor
- 6072 Eurowinners and Eurolosers: The Distribution of Seigniorage Wealth in EMU
by Hans-Werner Sinn & Holger Feist
- 6071 Money, Sticky Wages, and the Great Depression
by Michael D. Bordo & Christopher J. Erceg & Charles L. Evans
- 6070 Intergenerational Earnings Mobility, Inequality, and Growth
by Ann L. Owen & David N. Weil
- 6069 Intra-National, Intra-Continental, and Intra-Planetary PPP
by Charles Engel & Michael K. Hendrickson & John H. Rogers
- 6068 Debt and Corporate Performance: Evidence from Unsuccessful Takeovers
by Assem Safieddine & Sheridan Titman
- 6067 Recent Immigrants: Unexpected Implications for Crime and Incarceration
by Kristin F. Butcher & Anne Morrison Piehl
- 6066 Japanese Research Consortia: A Microeconometric Analysis of Industrial Policy
by Lee Branstetter & Mariko Sakakibara
- 6065 Are International R&D Spillovers Trade-Related? Analyzing Spillovers Among Randomly Matched Trade Partners
by Wolfgang Keller
- 6064 Excess Capital Flows and the Burden of Inflation in Open Economies
by Mihir A. Desai & James R. Hines Jr.
- 6063 The Legacy of Deposit Insurance: The Growth, Spread, and Cost of Insuring Financial Intermediaries
by Eugene N. White
- 6062 Does Inflation Harm Economic Growth? Evidence for the OECD
by Javier Andres & Ignacio Hernando
- 6061 Identifying Inflation's Grease and Sand Effects in the Labor Market
by Erica L. Groshen & Mark E. Schweitzer
- 6060 The Gold Standard and the Great Depression
by Barry Eichengreen & Peter Temin
- 6059 Were Trade and Factor Mobility Substitutes in History?
by William J. Collins & Kevin H. O'Rourke & Jeffrey Williamson
- 6058 Tax Rates and Work Incentives in the Social Security Disability Insurance Program: Current Law and Alternative Reforms
by Hilary Williamson Hoynes & Robert Moffitt
- 6057 Public Radio in the United States: Does It Correct Market Failure or Cannibalize Commercial Stations?
by Steven T. Berry & Joel Waldfogel
- 6056 What Do a Million Banks Have to Say About the Transmission of Monetary Policy?
by Anil K. Kashyap & Jeremy C. Stein
- 6055 The Economics of Prefunding Social Security and Medicare Benefits
by Martin Feldstein & Andrew Samwick
- 6054 Less of a Luxury: The Rise of Recreation since 1888
by Dora L. Costa
- 6053 Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited
by Maurice Obstfeld & Alan M. Taylor
- 6052 Productivity Measurement and the Impact of Trade and Technology on Wages: Estimates for the U.S., 1972-1990
by Robert C. Feenstra & Gordon H. Hanson
- 6051 Experimental Estimates of Education Production Functions
by Alan B. Krueger
- 6050 Labor Mobility from Academe to Commerce
by Lynne G. Zucker & Michael R. Darby & Maximo Torero
- 6049 An Economic Theory of GATT
by Kyle Bagwell & Robert W. Staiger
- 6048 Balladurette and Juppette: A Discrete Analysis of Scrapping Subsidies
by Jerome Adda & Russell Cooper
- 6047 The Effect of Welfare Payments on the Marriage and Fertility Behavior of Unwed Mothers: Results from a Twins Experiment
by Jeff Grogger & Stephen G. Bronars
- 6046 Inflation and the User Cost of Capital: Does Inflation Still Matter?
by Darrel Cohen & Kevin A. Hassett & R. Glenn Hubbard
- 6045 Average Interest
by George Chacko & Sanjiv Ranjan Das
- 6044 Evidence from Patents and Patent Citations on the Impact of NASA and Other Federal Labs on Commercial Innovation
by Adam B. Jaffe & Michael S. Fogarty & Bruce A. Banks
- 6043 The Pricing of U.S. Catastrophe Reinsurance
by Kenneth A. Froot & Paul G. J. O'Connell
- 6042 The Future of Old-Age Longevity: Competitive Pricing of Mortality Contingent Claims
by Charles Mullin & Tomas Philipson
- 6041 Public Health Insurance and Private Savings
by Jonathan Gruber & Aaron Yelowitz
- 6040 The Impact and Organization of Publicly-Funded Research and Development in the European Community
by Maryann P. Feldman & Frank R. Lichtenberg
- 6039 Wage Dispersion and Country Price Levels
by Robert E. Lipsey & Birgitta Swedenborg
- 6038 Unemployment vs. Mismatch of Talents: Reconsidering Unemployment Benefits
by Ramon Marimon & Fabrizio Zilibotti
- 6037 Ohio School Milk Markets: An Analysis of Bidding
by Robert H. Porter & J. Douglas Zona
- 6036 Environmental Regulation, Investment Timing, and Technology Choice
by Wayne B. Gray & Ronald J. Shadbegian
- 6035 Insuring Consumption Against Illness
by Paul Gertler & Jonathan Gruber
- 6034 Abortion Legalization and Child Living Circumstances: Who is the "Marginal Child?"
by Jonathan Gruber & Phillip Levine & Douglas Staiger
- 6033 Complementarity and Cost Reduction: Evidence from the Auto Supply Industry
by Susan Helper
- 6032 Predation and Its Rate of Return: The Sugar Industry, 1887-1914
by David Genesove & Wallace P. Mullin
- 6031 Cohort Crowding and Youth Labor Markets: A Cross-National Analysis
by Sanders Korenman & David Neumark
- 6030 How Taxing is Corruption on International Investors?
by Shang-Jin Wei
- 6029 Impact of Augmented Prenatal Care on Birth Outcomes of Medicaid Recipients in New York City
by Theodore Joyce
- 6028 Testing Endogenous Growth in South Korea and Taiwan
by Robert C. Feenstra & Dorsati Madani & Tzu-Han Yang & Chi-Yuan Liang
- 6027 National Borders, Trade and Migration
by John F. Helliwell
- 6026 Does Parents' Money Matter?
by John Shea
- 6025 The Limited Financing of Catastrophe Risk: An Overview
by Kenneth A. Froot
- 6024 Openness, Country Size and the Government
by Alberto Alesina & Romain Wacziarg
- 6023 Answering the Critics: Yes, ARCH Models Do Provide Good Volatility Forecasts
by Torben G. Andersen & Tim Bollerslev
- 6022 Asymmetric Volatility and Risk in Equity Markets
by Geert Bekaert & Guojun Wu
- 6021 Garbage and Recycling in Communities with Curbside Recycling and Unit-Based Pricing
by Thomas C. Kinnaman & Don Fullerton
- 6020 Ethical Foundations of Financial Regulation
by Edward J. Kane
- 6019 Regional Integration and Foreign Direct Investment
by Magnus Blomstrom & Ari Kokko
- 6018 Public-Private Interaction and the Productivity of Pharmaceutical Research
by Iain Cockburn & Rebecca Henderson
- 6017 Sectoral Productivity, Government Spending and Real Exchange Rates: Empirical Evidence for OECD Countries
by Menzie David Chinn
- 6016 Issues in the Design of Monetary Policy Rules
by Bennett T. McCallum
- 6015 Understanding the Great Depression: Lessons for Current Policy
by Stephen G. Cecchetti
- 6014 The Control of Strategic Alliances: An Empirical Analysis of Biotechnology Collaborations
by Josh Lerner & Robert P. Merges
- 6013 The Incidence of Medicare
by Mark McClellan & Jonathan Skinner
- 6012 Spurts in Union Growth: Defining Moments and Social Processes
by Richard B. Freeman
- 6011 On The Pricing of Intermediated Risks: Theory and Application to Catastrophe Reinsurance
by Kenneth A. Froot & Paul G. J. O'Connell
- 6010 Do Wages Rise with Job Seniority? A Reassessment
by Joseph G. Altonji & Nicolas Williams
- 6009 Public Goods and Ethnic Divisions
by Alberto Alesina & Reza Baqir & William Easterly
- 6008 Urban Growth
by Duncan Black & Vernon Henderson
- 6007 Hot Money
by V. V. Chari & Patrick Kehoe
- 6006 International Trade Between Consumer and Conservationist Countries
by James Brander & M. Scott Taylor
- 6005 Industry Evolution and Transition: A Neoclassical Benchmark
by Andrew Atkeson & Patrick Kehoe
- 6004 The Optimal Tax Rate for Capital Income is Negative
by Kenneth L. Judd
- 6003 Local Violence, Educational Attainment, and Teacher Pay
by Jeff Grogger
- 6002 New Evidence on the Money's Worth of Individual Annuities
by Olivia S. Mitchell & James M. Poterba & Mark J. Warshawsky
- 6001 The History of Annuities in the United States
by James M. Poterba
- 6000 Government Debt and Social Security in a Life-Cycle Economy
by Mark Gertler
- 5999 A Clinical Exploration of Value Creation and Destruction in Acquisitions: Organizational Design, Incentives, and Internal Capital Markets
by Steven N. Kaplan & Mark L. Mitchell & Karen H. Wruck
- 5998 Can Higher Cigarette Taxes Improve Birth Outcomes?
by William N. Evans & Jeanne S. Ringel
- 5997 Sovereign Debt and Consumption Smoothing
by Herschel I. Grossman & Taejoon Han
- 5996 Capital-Market Imperfections and Investment
by R. Glenn Hubbard
- 5995 The Determinants of Public Education Expenditures: Evidence from the States, 1950-1990
by Raquel Fernandez & Richard Rogerson
- 5994 Business Cycles: Theory, Evidence and Implications
by Russell W. Cooper
- 5993 The Case for a Two-Part Instrument: Presumptive Tax and Environmental Subsidy
by Don Fullerton & Ann Wolverton
- 5992 Does Acquisition of a GED Lead to More Training, Post-Secondary Education, and Military Service for School Dropouts?
by Richard J. Murnane & John B. Willett & Kathryn Parker Boudett
- 5991 Are Countries with Official International Restrictions "Liquidity Constrained?"
by Karen K. Lewis
- 5990 U.S. Exports, 1972-1994: With State Exports and Other U.S. Data
by Robert C. Feenstra
- 5989 The Impact of Psychiatric Disorders on Labor Market Outcomes
by Susan L. Ettner & Richard G. Frank & Ronald C. Kessler
- 5988 Labor Earnings Mobility and Inequality in the United States and Germany During the Growth Years of the 1980s
by Richard V. Burkhauser & Douglas Holtz-Eakin & Stephen E. Rhody
- 5987 The Effect of Managed Care on Health Care Providers
by Laurence C. Baker & Martin L. Brown
- 5986 The Great Depression and the Regulating State: Federal Government Regulation of Agriculture: 1884-1970
by Gary D. Libecap
- 5985 The Technology of Birth: Health Insurance, Medical Interventions, and Infant Health
by Janet Currie & Jonathan Gruber
- 5984 Identifying the Common Component in International Economic Fluctuations
by Robin L. Lumsdaine & Eswar S. Prasad
- 5983 Market Wages and Youth Crime
by Jeff Grogger
- 5982 Cellular Telephone, New Products and the CPI
by Jerry Hausman
- 5981 The Sugar Institute Learns to Organize Information Exchange
by David Genesove & Wallace P. Mullin
- 5980 Alternative Strategies for Aggregating Prices in the CPI
by Matthew D. Shapiro & David W. Wilcox
- 5979 Economic Growth and Real Exchange Rate: An Overview of the Balassa-Samuelson Hypothesis in Asia
by Takatoshi Ito & Peter Isard & Steven Symansky
- 5978 Openness, Productivity and Growth: What Do We Really Know?
by Sebastian Edwards
- 5977 Banks and Macroeconomics Disturbances under Predetermined Exchange Rates
by Sebastian Edwards & Carlos A. Vegh
- 5976 Taming the Skew: Higher-Order Moments in Modeling Asset Price Processes in Finance
by Sanjiv Ranjan Das & Rangarajan K. Sundaram
- 5975 Putting Things in Order: Patterns of Trade Dynamics and Growth
by Robert C. Feenstra & Andrew K. Rose
- 5974 The Forecasting Ability of Correlations Implied in Foreign Exchange Options
by Jose M. Campa & P. H. Kevin Chang
- 5973 The Demand for Hours of Labor: Direct Evidence from California
by Daniel S. Hamermesh & Stephen J. Trejo
- 5972 The Way We Were (And Are): Changes in Public Finance and Its Textbooks
by Harvey S. Rosen
- 5971 A Markup Interpretation of Optimal Rules for Irreversible Investment
by Avinash Dixit & Robert S. Pindyck & Sigbjorn Sodal
- 5970 Returns to Regionalism: An Evaluation of Non-Traditional Gains from RTAs
by Raquel Fernandez
- 5969 The Dark Side of Internal Capital Markets: Divisional Rent-Seeking and Inefficient Investment
by David S. Scharfstein & Jeremy C. Stein
- 5968 Nominal Anchor Exchange Rate Policies as a Domestic Distortion
by Anne O. Krueger
- 5967 When Can Carbon Abatement Policies Increase Welfare? The Fundamental Role of Distorted Factor Markets
by Ian W. H. Parry & Roberton C. Williams III & Lawrence H. Goulder
- 5966 Community Choice and Local Public Services: A Discrete Choice Approach
by Thomas J. Nechyba & Robert P. Strauss
- 5965 International Portfolio Diversification with Generalized Expected Utility Preferences
by Joshua Aizenman
- 5964 Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program
by Cecilia Elena Rouse
- 5963 Was the Great Depression a Watershed for American Monetary Policy?
by Charles W. Calomiris & David C. Wheelock
- 5962 Inflation Targeting: Some Extensions
by Lars E. O. Svensson
- 5961 Leverage and House-Price Dynamics in U.S. Cities
by Owen Lamont & Jeremy C. Stein
- 5960 The Great Depression as a Watershed: International Capital Mobility over the Long Run
by Maurice Obstfeld & Alan M. Taylor
- 5959 U.S. Multinationals and Competition from Low Wage Countries
by David A. Riker & S. Lael Brainard
- 5958 Are U.S. Multinationals Exporting U.S. Jobs?
by S. Lael Brainard & David A. Riker
- 5957 Consolidation in the Medical Care Marketplace: A Case Study from Masschusetts
by Jason R. Barro & David Cutler
- 5956 Computing Inequality: Have Computers Changed the Labor Market?
by David H. Autor & Lawrence F. Katz & Alan B. Krueger
- 5955 Entry, Exit, Embodied Technology, and Business Cycles
by Jeffrey R. Campbell
- 5954 The Optimum Quantity of Money: Theory and Evidence
by Casey B. Mulligan & Xavier X. Sala-i-Martin
- 5953 The Sociology of Groups and the Economics of Incentives: Theory and Evidence on Compensation Systems
by William E. Encinosa III & Martin Gaynor & James B. Rebitzer
- 5952 Efficient Rules for Monetary Policy
by Laurence Ball
- 5951 Lending Cycles
by Patrick K. Asea & S. Brock Blomberg
- 5950 Heterogeneous Information Arrival and Option Pricing
by Patrick K. Asea & Mthuli Ncube
- 5949 The Genesis and Evolution of Social Security
by Jeffrey A. Miron & David N. Weil
- 5948 Retiree Health Insurance and the Labor Force Behavior of Older Men in the 1990s
by David M. Blau & Donna B. Gilleskie
- 5947 On the Optimality of Interest Rate Smoothing
by Sergio Rebelo & Danyang Xie
- 5946 Accounting for Future Costs in Medical Cost-Effectiveness Analysis
by David Meltzer
- 5945 Empirical Patterns of Firm Growth and R&D Investment: A Quality Ladder Model Interpretation
by Tor Jakob Klette & Zvi Griliches
- 5944 Interest Rate Targeting and the Dynamics of Short-Term Rates
by Pierluigi Balduzzi & Giuseppe Bertola & Silverio Foresi & Leora Klapper
- 5943 Integration, Cointegration and the Forecast Consistency of Structural Exchange Rate Models
by Yin-Wong Cheung & Menzie D. Chinn
- 5942 Protection for Sale: An Empirical Investigation
by Pinelopi Koujianou Goldberg & Giovanni Maggi
- 5941 Technological Change and Wages: An Inter-Industry Analysis
by Ann P. Bartel & Nachum Sicherman
- 5940 Technology, Trade, and Wages
by James D. Adams
- 5939 Patterns of Intra- and Inter-State Trade
by Holger C. Wolf
- 5938 Location and Technological Change in the American Glass Industry During the Late Nineteenth and Early Twentieth Centuries
by Naomi R. Lamoreaux & Kenneth L. Sokoloff
- 5937 Neglected Effects on the Uses Side: Even a Uniform Tax Would Change Relative Goods Prices
by Don Fullerton & Diane Lim Rogers
- 5936 Is There Private Information in the FX Market? The Tokyo Experiment
by Takatoshi Ito & Richard K. Lyons & Michael T. Melvin
- 5935 Understanding China's Economic Performance
by Jeffrey D. Sachs & Wing Thye Woo
- 5934 Shifts in U.S. Relative Wages: The Role of Trade, Technology and Factor Endowments
by Robert E. Baldwin & Glen G. Cain
- 5933 Macroeconomic Fluctuations and the Allocation of Time
by Robert E. Hall
- 5932 Reciprocity, Non-discrimination and Preferential Agreements in the Multilateral Trading System
by Kyle Bagwell & Robert W. Staiger
- 5931 Within Group "Structural" Tests of Labor-Market Discrimination: A Study of Persons with Serious Disabilities
by David S. Salkever & Marisa E. Domino
- 5930 To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints
by Raquel Fernandez & Jordi Gali
- 5929 The Evolution of Advanced Large Scale Information Infrastructure in the United States
by Shane M. Greenstein & Mercedes M. Lizardo & Pablo T. Spiller
- 5928 Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack
by Ian Ayres & Steven D. Levitt
- 5927 Immigrant Inflows, Native Outflows, and the Local Labor Market Impacts of Higher Immigration
by David Card
- 5926 A Model of Investor Sentiment
by Nicholas Barberis & Andrei Shleifer & Robert W. Vishny
- 5925 Uncertain Duration of Reform: Dynamic Implications
by Guillermo A. Calvo & Allan Drazen
- 5924 Labor Market Shifts and the Price Puzzle Revisited
by Alan B. Krueger
- 5923 The Uruguay Round and Welfare in Some Distorted Agricultural Economies
by James E. Anderson
- 5922 Equilibrium Unemployment
by Joao Gomes & Jeremy Greenwood & Sergio Rebelo
- 5921 Regionalism and Multilateral Tariff Cooperation
by Kyle Bagwell & Robert W. Staiger
- 5920 On the Uses of Benefit-Cost Reasoning in Choosing Policy Toward Global Climate Change
by David F. Bradford
- 5919 The Evolving External Orientation of Manufacturing Industries: Evidence from Four Countries
by Jose Campa & Linda S. Goldberg
- 5918 Analyzing Investments Whose Histories Differ in Length
by Robert F. Stambaugh
- 5917 Employment Policy of the Middle Reagan Years: What Didn't Happen and Why It Didn't Happen
by Martin Feldstein
- 5916 Contract Form and Procurement Costs: The Impact of Compulsory Multiple Contractor Laws in Construction
by Orley Ashenfelter & David Ashmore & Randall Filer
- 5915 Cyclical Productivity with Unobserved Input Variation
by Susanto Basu & Miles S. Kimball
- 5914 TFPG Controversies, Institutions, and Economic Performance in East Asia
by Dani Rodrik
- 5913 Reinsurance for Catastrophes and Cataclysms
by David M. Cutler & Richard J. Zeckhauser
- 5912 Pension and Social Security Wealth in the Health and Retirement Study
by Alan L. Gustman & Olivia S. Mitchell & Andrew A. Samwick & Thomas L. Steinmeier
- 5911 The Moral Hazard of Insuring the Insurers
by James G. Bohn & Brian J. Hall
- 5910 World Trade Flows, 1970-1992, with Production and Tariff Data
by Robert C. Feenstra & Robert E. Lipsey & Harry P. Bowen
- 5909 Offshore Hedge Funds: Survival and Performance 1989-1995
by Stephen J. Brown & William N. Goetzmann & Roger G. Ibbotson
- 5908 The CEA: From Stabilization to Resource Allocation
by Martin Feldstein
- 5907 Default and Renegotiation: A Dynamic Model of Debt
by Oliver Hart & John Moore
- 5906 Re-emerging Markets
by William N. Goetzmann & Philippe Jorion
- 5905 Trade, Social Insurance, and the Limits to Globalization
by Dani Rodrik
- 5904 The Valuation of the Foreign Income of U.S. Multinational Firms: A Growth Opportunities Perspective
by Gordon M. Bodnar & Joseph Weintrop
- 5903 Orchestrating Impartiality: The Impact of "Blind" Auditions on Female Musicians
by Claudia Goldin & Cecilia Rouse
- 5902 The Influence of Income Tax Rules on Insurance Reserves
by David F. Bradford & Kyle D. Logue
- 5901 A Century of Global Stock Markets
by William N. Goetzmann & Philippe Jorion
- 5900 Financial Factors and Investment in Belgium, France, Germany and the UK:A Comparison Using Company Panel Data
by Stephen Bond & Julie Elston & Jacques Mairesse & Benoit Mulkay
- 5899 Order from Chaos? The Effects of Early Labor Market Experiences on Adult Labor Market Outcomes
by Rosella Gardecki & David Neumark
- 5898 A Simple Model of Trade, Capital Mobility, and the Environment
by Brian R. Copeland & M. Scott Taylor
- 5897 Per Capita Income Convergence and the Role of International Trade
by Matthew J. Slaughter
- 5896 Trade Policy and Economic Development: How We Learn
by Anne O. Krueger
- 5895 From Smoot-Hawley to Reciprocal Trade Agreements: Changing the Course of U.S. Trade Policy in the 1930s
by Douglas A. Irwin
- 5894 Post-'87 Crash Fears in S&P 500 Futures Options
by David S. Bates
- 5893 Inflation Targeting: A New Framework for Monetary Policy?
by Ben S. Bernanke & Frederic S. Mishkin
- 5892 Policy Signaling in the Open Economy: A Re-Examination
by Allan Drazen
- 5891 Accounting for the Slowdown in Employer Health Care Costs
by Alan B. Krueger & Helen Levy
- 5890 Towards a Political-Economic Theory of Domestic Debt
by Allan Drazen
- 5889 A Distinctive System: Origins and Impact of U.S. Unemployment Compensation
by Katherine Baicker & Claudia Goldin & Lawrence F. Katz
- 5888 Using Maimonides' Rule to Estimate the Effect of Class Size on Student Achievement
by Joshua D. Angrist & Victor Lavy
- 5887 Business Groups and Trade in East Asia: Part 2, Product Variety
by Robert C. Feenstra & Maria Yang & Gary G. Hamilton
- 5886 Business Groups and Trade in East Asia: Part 1, Networked Equilibria
by Robert C. Feenstra & Deng-Shing Huang & Gary G. Hamilton
- 5885 Distributional Effects of Adopting a National Retail Sales Tax
by Daniel R. Feenberg & Andrew W. Mitrusi & James M. Poterba
- 5884 Cost of Capital for the United States, Japan, and Canada: An Attempt at Measurement Based on Individual Company Records and Aggregate National Acccoun
by Albert Ando & John Hancock & Gary Sawchuk
- 5883 Implications of the Great Depression for the Development of the International Monetary System
by Michael D. Bordo & Barry Eichengreen
- 5882 A Portfolio Approach to a Cross-Sectoral and Cross-National Investment Strategy in Transition Economies
by Willem H. Buiter & Ricardo Lago & Helene Rey
- 5881 The Rise and Decline of the American Ghetto
by David M. Cutler & Edward L. Glaeser & Jacob L. Vigdor
- 5880 Manufacturing Plant Location: Does State Pollution Regulation Matter?
by Wayne B. Gray
- 5879 Legal Determinants of External Finance
by Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer & Robert W. Vishny
- 5878 The Segmentation of International Markets: Evidence from The Economist
by Michael M. Knetter
- 5877 New Techniques to Extract Market Expectations from Financial Instruments
by Paul Soderlind & Lars E. O. Svensson
- 5876 Monetary Shocks and Real Exchange Rates in Sticky Price Models of International Business Cycles
by V. V. Chari & Patrick J. Kehoe & Ellen R. McGrattan