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Content
2006
- 894 An Equilibrium Model of Global Imbalances and Low Interest Rates
by Ricardo J. Caballero & Emmanuel Farhi & Pierre-Olivier Gourinchas
- 893 Economic Development as Problem Solving
by Yaw Nyarko
- 892 Worker Reallocation and Labor Productivity Growth
by Rasmus Lentz & Dale T. Mortensen
- 888 Government Intervention as an Optimal Response to Government (not Market!) Failure
by Alberto Bisin & Adriano Rampini
- 884 Making Financial Markets: Contract Enforcement and the Emergence of Tradable Assets in Late Medieval Europe
by Lars Boerner & Albrecht Ritschl
- 883 Monetary Exchange with Multilateral Matching
by Benoit Julien & John Kennes & Ian King
- 882 What Do Outside Directors Know? Evidence From Outsider Trading
by Enrichetta Ravina & Paola Sapienza
- 881 Understanding Wage Inequality: Ben-Porath Meets Skill-Biased Technical Change
by Fatih Guvenen & Burhanettin Kuruscu
- 879 Herd Behavior and Fat Tails in Financial Markets
by Makoto Nirei
- 878 Politico economic consequences of rising income inequality
by Dean Corbae & Pablo D'Erasmo & Burhanettin Kuruscu
- 877 Stock-Flow Matching Model: A Quantitative Analysis
by Robert Shimer
- 875 Monetary Policy Rules and Exchange Rates:A Structural VAR Identified by No Arbitrage
by Sen Dong
- 872 A Habit-Based Explanation of the Exchange Rate Risk Premium
by Adrien Verdelhan
- 871 The role of information in repeated games with frequent actions
by Yuliy Sannikov & Andrzej Skrzypacz
- 869 Search in Asset Markets
by Ricardo Lagos & Guillaume Rocheteau
- 866 Interest Rate Swap and Corporate Default
by Urban Jermann & Vivian Z. Yue
- 865 The Power of Print
by Michelle Alexopoulos
- 864 The Returns to Currency Speculation
by Craig Burnside & Martin Eichenbaum & Isaac Kleshchelski & Sergio Rebelo
- 860 On the Provision of Public Goods in Dynamic Contracts: Lack of Commitment
by Christine Hauser & Gokce Uysal
- 857 Individuals and Institutions: Evidence from International Migrants in the U.S
by Anna Paulson & Una Okonkwo Osili
- 856 Control Function Corrections for Unobserved Factors in Differentiated Product Models
by Amil Petrin & Kenneth Train
- 853 Reputation and Career Concerns
by Leonardo Martinez
- 851 The Sunk Cost Bias and Managerial Pricing Practices
by Nabil Al-Najjar & Sandeep Baliga & David Besanko
- 849 Asymmetric Information and the Lack of International Portfolio
by Juan Carlos Hatchondo
- 847 Growth-Indexed Bonds in Emerging Markets: a Quantitative Approach
by Andre Faria
- 846 Firms' Heterogeneous Sensitivities to the Business Cycle, and the Cross-Section of Expected Returns
by Francois Gourio
- 845 Sovereign default risk with heterogenous borrowers
by Juan Carlos Hatchondo & Leonardo Martinez & Horacio Sapriza
- 844 Financial Frictions, Investment and Tobin's q
by Guido Lorenzoni & Karl Walentin
- 843 Why doesn't Luxembourg export all its capital to India
by Bart Taub & Rui Zhao
- 841 Why Do Emerging Economies Borrow Short Term?
by Fernando Broner & Guido Lorenzoni & Sergio Schmuckler
- 834 Pricing Patents through Citations
by Fernando Leiva B.
- 833 General Equilibrium with NonConvexities, Sunspots and Money
by Guillaume Rocheteau & Peter Rupert & Karl Shell & Randall Wright
- 831 How Important was the 19th Century Transportation Revolution for U.S. Development?
by Berthold Herrendorf & James A. Schmitz & Arilton Teixeira
- 830 Nearly Optimal Pricing for Multiproduct Firms
by Chenghuan Sean Chu & Phillip Leslie & Alan Sorensen
- 828 Expectations and Asset Prices with Heterogeneous Households
by Monika Piazzesi & Martin Schneider
- 822 Dynamic choices of hyperbolic consumers: the continuous time case
by Ivar Ekeland & Lazrak Ali
- 815 The Young, the Old, and the Restless: Demographics and Business Cycle Volatility
by Henry Siu & Nir Jaimovich
- 814 The Role of Education in Economic Growth through the Sectoral Reallocation of Labor
by Soohyung Lee
- 813 Public vs. Private Offers in the Market for Lemons
by Johannes Hoerner & Nicolas Vieille
- 808 Distribution Costs and International Business Cycles
by P. Marcelo Oviedo & Rajesh Singh
- 801 The Return to Capital and the Business Cycle
by Paul Gomme & B. Ravikumar & Peter Rupert
- 796 Imports and Productivity
by Laszlo Halpern & Miklos Koren & Adam Szeidl
- 795 Firm Heterogeneity, Export Participation, and Trade Reform
by George Alessandria & Horag Choi
- 792 Financial Frictions and the Persistence of History
by Francisco J. Buera & Yongseok Shin
- 788 Trade Adjustment and the Composition of Trade
by Christopher Erceg & Luca Guerrieri & Christopher Gust
- 785 Measuring the Miracle: Market Imperfections and Asia's Growth Experience
by John Fernald & Brent Neiman
- 784 Life-Cyle Fertility Behavior and Human Capital Accumulation
by George-Levi Gayle & Robert A. Miller
- 781 Finite-Life, Private-Information Theory of Unsecured Debt
by Satyajit Chatterjee & Dean Corbae & Jose-Victor Rios-Rull
- 779 Between-Firm Redistribution of Profit in Competitive Industries: Why Labor Market Policies May Not Work
by Galina Vereshchagina
- 778 Motelling: A Hotelling Model with Money
by Dean Corbae & Borghan N. Narajabad
- 776 Rational Multi-Agent Search
by Andreas Blume & April Franco & Paul Heidhues
- 775 Lumpy Investment in Dynamic General Equilibrium
by Ruediger Bachmann & Eduardo Engel & Ricardo Caballero
- 774 House price fluctuations and residential sorting
by Markus Haavio & Heikki Kauppi
- 773 Wage Rigidity and Job Creation
by Christian Haefke & Marcus Sonntag & Thijs van Rens
- 771 Learning, Expectations and the Business Cycle
by Stefano Eusepi & Stefania D'Amico
- 770 Reevaluating the Evidence on Trade and Productivity
by Kim J. Ruhl
- 765 A Theory of Entry and Exit with Embodied Rate of Technical Change
by Roberto M Samaniego
- 758 Time-Varying U.S. Inflation Dynamics and the New Keynesian Phillips Curve
by Kevin J. Lansing
- 755 Individual Wage Bargaining and Business Cycles
by Monique Ebell
- 752 Lower-Frequency Macroeconomic Fluctuations: Living Standards and Leisure
by Ben Malin
- 750 Global Current Account Adjustments: A Decomposition
by Michael B. Devereux & Amartya Lahiri
- 747 The dynamics of labor markets in Europe and the US: Specific skills or employment protection?
by Alain Delacroix & Etienne Wasmer
- 746 Cross-National Trends in Earnings Instability and Earnings Inequality
by Mary C. Daly & Robert G. Valletta
- 744 Modeling the Effects of Labor Market Reforms in a Developing Economy
by James Albrecht & Lucas Navarro & Susan Vroman
- 739 International Competition, Growth and Optimal R&D Subsidies
by Giammario Impullitti
- 738 Efficient Propagation of Shocks and the Optimal Return of Money
by Ricardo Cavalcanti & Andres Erosa
- 737 On Flexibity and Productivity
by Bart Hobijn & Aysegul Sahin
- 734 Indivisible Labor and Its Supply Elasticity: Do Taxes Explain European Employment?
by Lars Ljungqvist & Thomas J. Sargent
- 733 How Important is the New Goods Margin in International Trade?
by Timothy J. Kehoe & Kim J. Ruhl
- 729 Income Risk and Household Debt with Endogenous Collateral Constraints
by Thomas Hintermaier & Winfried Koeniger
- 727 Fiscal Policy, Inflation Tax and Default Risk in Emerging Economies
by Horacio Sapriza & Gabriel Cuadra
- 724 Home production and discrimination: a joint explanation for recent trends of gender differentials in education and in the labor market
by Andrea Moro & Luca Flabbi
- 723 Price Discrimination with Experience Goods: a Structural Econometric Analysis
by Ronald Goettler & Karen Clay
- 719 Energy and the Macroeconomy: The Role of Consumer Durables
by Karsten Jeske & Rajeev Dhawan
- 717 Income dispersion, asymmetric information and fluctuations in market efficiency
by Chris Edmond & Laura Veldkamp
- 715 Money and the Variety of Goods
by Ken Burdett & Andrei Shevchenko
- 714 Stock market optimism and participation cost: a mean-variance estimation
by Andrea Tiseno & Monica Paiella
- 712 Transfers versus Public Investment: The Politics of Intergenerational Redistribution and Growth
by Martin Gonzalez-Eiras & Dirk Niepelt
- 709 On Multinational Firms, Diffusion of Skills and Development
by Alexander Monge-Naranjo
- 708 Directed Multilateral Matching in a Monetary Economy
by Manolis Galenianos & Philipp Kircher
- 707 Industry Restructuring, Mark-ups, and Exchange Rate Pass-Through
by Beverly Lapham & Danny Leung
- 706 Imported Capital Goods and Open Economy Business Cycles
by Reinout De Bock
- 704 Firm Dynamics with Infrequent Adjustment and Learning
by Eugenio Pinto
- 703 Relative Stagnation alla Turca
by Tasso Adamopoulos & Ahmet Akyol
- 698 Productivity Shocks and the Business Cycle: Reconciling Recent VAR Evidence
by James Costain & Beatriz de-Blas-Perez
- 697 Unemployment Insurance: Isn't Marriage Enough?
by Stephane Pallage & Michel Robe & Christian Zimmermann
- 694 Equilibrium Degeneracy and Reputation Effects in Continuous-Time Games
by Eduardo Faingold & Yuliy Sannikov
- 692 Technology adoption under uncertainty in general equilibrium
by Julien Hugonnier & Erwan Morellec & Aude Pommeret
- 691 Entrepreneurial wealth accumulation in equilibrium: collateral constraints
by Irasema Alonso
- 690 Paying to Make a Difference: Executive Compensation and Product Dynamics
by Antonio Falato
- 689 From Busts to Booms in Babies and Godies
by Michele Boldrin & Larry E. Jones & Alice Schoonbroodt
- 687 The macroeconomics of obesity
by Pere Gomis Porqueras & Adrian Peralta-Alva
- 681 A model of banknote discounts
by Laurence Ales & Francesca Carapella & Pricila Maziero & Warren Weber
- 680 Continuous Time Models of Repeated Games with Imperfect Public Monitoring
by Drew Fudenberg & David K. Levine
- 679 A Feasible Equilibrium Search Model of Individual Wage Dynamics with Experience Accumulation
by Jesper Bager & Francois Fontaine & Fabien Postel-Vinay & Jean-Marc Robin
- 677 Liquidity, Inflation, and Monetary Policy
by Marcus Hagedorn
- 676 Liquidity Cycles
by Matteo Iacoviello & Raoul Minetti
- 672 Allocation of Individual Risks in a Market Economy
by Pamela Labadie
- 670 Moral Hazard and Persistence
by Hugo Hopenhayn & Arantxa Jarque
- 668 Optimal Pre-Announced Tax Reforms Under Valuable And Productive Government Spending
by Mathias Trabandt
- 667 Intercity interactions: evidence from the US
by Andrea R. Lamorgese & Gianmarco I.P. Ottaviano
- 665 The Evolution of Labor Earnings Risk in the US Economy
by Flavio Cunha & James Heckman
- 663 Transportation Costs, Agricultural Productivity and Cross-Country Income Differences
by Tasso Adamopoulos
- 660 The Empirical Content of Models with Multiple Equilibria
by Alberto Bisin & Andrea Moro & Giorgio Topa
- 657 On the Cyclicality of Labor Market Mismatch and Aggregate Employment Flows
by Kenneth Beauchemin & Murat Tasci
- 656 A generalized options approach to aggregate migration with an application to US federal states
by Christian Bayer & Falko Juessen
- 652 Debt Dilution and Maturity Structure of Sovereign Bonds
by Ran Bi
- 651 Financial Integration, Credit Market Imperfections and Consumption Smoothing
by Asli Leblebicioglu
- 650 Reputation and Impermanent Types
by Thomas Wiseman
- 647 The Rate of Learning-by-Doing: Estimates from a Search-Matching Model
by Julien Prat
- 645 Health, Development, and the Demographic Transition
by Matteo Cervellati & Uwe Sunde
- 644 Measuring the TFP Costs of Barriers to Trade
by Pedro Cavalcanti Ferreira & Alberto Trejos
- 643 On the Consequences of Demographic Change for International Capital Flows, Rates of Returns to Capital, and the Distribution of Wealth and Welfare
by Dirk Krueger & Alexander Ludwig
- 641 Job Creation, Job Destruction and the Life Cycle
by Arnaud Cheron & Jean-Olivier Hairault & Francois Langot
- 640 Aggregating Phillips curves
by Jean Imbs & Eric Jondeau & Florian Pelgrin
- 631 Measuring unemployment composition over the cycle
by Alessandro Barbarino & Ronni Pavan
- 628 Investor Information, Long-Run Risk, and the Duration fo Risky Assets
by Mariano M. Croce & Martin Lettau & Sydney Ludvigson
- 625 A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application
by Pinelopi Koujianou Goldberg & Rebecca Hellerstein
- 623 Welfare Gain of Financial Liberalization
by Robert M Townsend & Kenichi Ueda
- 618 Divisible money with partially directed search
by Dror Goldberg
- 608 Optimal Fiscal Policy over the Business Cycle
by Filippo Occhino
- 598 How General is Specific Human Capital? Using Mobility Patterns to Study Skill Transferability in the Labor Market
by Uta Schoenberg & Christina Gathmann
- 597 Consumption, wealth, and expected asset returns in the United States. Implications of housing wealth and housing consumption
by Andrea Finicelli
- 596 Uninsured Idiosyncratic Investment Risk: Positive and Normative Implications
by George-Marios Angeletos
- 590 Incomplete self-enforcing labor contracts
by Guido Menzio & Espen Moen
- 588 The political economy of labor subsidies
by Marina Azzimonti & Eva de Francisco & Per Krusell
- 585 Household Debt and Income Inequality, 1963-2003
by Matteo Iacoviello
- 582 Welfare Costs, Long Run Consumption Risk, and a Production Economy
by Mariano M. Croce
- 580 Payments network in a search model of money
by Antoine Martin & Michael Orlando & David Skeie
- 578 Collateralized Borrowing And Life-Cycle Portfolio Choice
by Paul Willen & Felix Kubler
- 574 Strategic Asset Allocation, Asset Price Dynamics, and the Business Cycle
by Ivan Jaccard
- 572 Optimal Monetary Policy in a Channel System of Interest-Rate Control
by Aleksander Berentzen & Cyril Monnet
- 568 Ramsey Meets Hosios: The Optimal Capital Tax and Labor Market Efficiency
by David M. Arseneau & Sanjay K. Chugh
- 567 Debt and Maturity without Commitment
by Dirk Niepelt
- 565 Sovereign Risk and Secondary Markets
by Fernando Broner & Alberto Martin & Jaume Ventura
- 562 Social Preferences and Labor Market Policy
by Trine Filges & John Kennes & Torban Tranaes
- 559 Search, Market Power, and Inflation Dynamics
by Allen Head & Beverly Lapham
- 547 Does competition for (human) capital discipline governments? The role of commitment
by Roc Armenter & Francesc Ortega
- 546 Real Price and Wage Rigidities in a Model with Matching Frictions
by Keith Kuester
- 544 Identifying the Role of Labor Markets for Monetary Policy in an Estimated DSGE Model
by Kai Christoffel & Keith Kuester & Tobias Linzert
- 540 Debt Management Under Complete Markets
by Elisa Faraglia & Albert Marcet & Andrew Scott
- 536 Disentangling employment and wage rigidity
by Luigi Guiso & Luigi Pistaferri & Fabiano Schivardi
- 532 Endogenous Growth through Firm Entry, Exit and Imitation
by Alain Gabler & Omar Licandro
- 530 War, resource competition and development
by Nils-Petter Lagerlof
- 529 Slow(er) boom, sudden crash: Asymmetry on lending rates and financial frictions
by Guillermo Ordonez
- 524 Learning about Oneself: Technology Financing in a Tamil Fishing
by Xavier Gine & Stefan Klonner
- 521 Labor Market Complementarity: A Perspective on Inequality and Productivity Dynamics
by Hyeok Jeong & Yong Kim & Iourii Manovskii
- 520 Comparing Financial Systems: A structural Analysis
by Sylvain Champonnois
- 518 Why Has CEO Pay Increased So Much?
by Xavier Gabaix & Augustin Landier
- 516 Borrowing Constraints, Parental Altruism and Human Capital Accumulation
by Jorge Soares
- 515 Democracy and Growth Volatility: Exploring the Links
by Partha Chatterjee & Malik Shukayev
- 514 Do Switching Costs Make Markets Less Competitive?
by Jean-Pierre Dube & Guenter J. Hitsch & Peter Rossi
- 513 Central Counterparties
by Thorsten Koeppl & Cyril Monnet
- 512 The Bank Capital Channel of Monetary Policy
by Skander Van den Heuvel
- 509 The Marginal Worker and the Aggregate Elasticity of Labor Supply
by Francois Gourio & Pierre-Alexandre Noual
- 508 Technology Innovation and Market Turbulence: A Dotcom Example
by Zhu Wang
- 505 Evolutionary Learning in a Principal-Agent Model
by Jasmina Arifovic & Alexander Karaivanov
- 504 Career Choice and Wage Growth
by Ronni Pavan
- 503 What are the Gains from Trade in the Market for Patents?
by Carlos J. Serrano
- 502 Inefficient Policies, Inefficient Institutions and Trade
by Ruben Segura-Cayuela
- 500 What Do Labor and Consumption Data Jointly Tell About Labor Income Risk?
by Anthony A Smith & Fatih Guvenen
- 496 The Rise of the Service Economy
by Francisco J. Buera & Joseph P. Kaboski
- 493 Methods for Robust Control
by Richard Dennis & Kai Leitemo & Ulf Soderstrom
- 492 Why Tax Capital?
by Yili Chien & Junsang Lee
- 491 Trade Costs, Limited Enforcement and Risk Sharing: A Joint Test
by Doireann Fitzgerald
- 488 Optimal Fiscal Policy and Sovereign Debt: A signaling model
by Guido Sandler
- 485 Expectations and Contagion in Self-fulfilling Currency Attacks
by Todd Keister
- 484 Sequential Equilibria with Infinite Histories
by Christopher Phelan & Andrzej Skrzypacz
- 479 Can Structural Small Open Economy Models Account for the Influence of Foreign Disturbances?
by Alejandro Justiniano & Bruce Preston
- 477 Women's Economic Progress and Inequality
by L Yuetyee Wong
- 475 Subsidies for FDI: Implications from a Model with Heterogenous Firms
by Davin Chor
- 473 "News" Shocks in International Business Cycles
by Martial Dupaigne & Franck Portier
- 472 Size, Geography, and Multinational Production
by Natalia Ramondo
- 468 A Dynamic Analysis of Cooperative Research in the Semiconductor Industry
by Minjae Song
- 466 The Colonial Origins of the Industrial Revolution
by Juan Carlos Cordoba
- 464 Banking Policy without Commitment: Suspension of Convertibility Taken Seriously
by Huberto M. Ennis & Todd Keister
- 462 Counterfeit $$$
by Elena Quercioli & Lones Smith
- 461 Leasing, Ability to Repossess, and Debt Capacity
by Andrea Eisfeldt & Adriano Rampini
- 459 Understanding Gross Workers Flows Across U.S. States
by Daniele Coen-Pirani
- 457 Precautionary Balances and the Velocity of Circulation of Money
by Miquel Faig & Belen Jerez
- 455 Capital Taxation
by Emannauel Farhi & Ivan Werning
- 453 Sovereign Default and Domestic Banking
by Igor Livshits
- 449 Valuing Lost Home Production of Dual Earner Households
by Christopher House & John Laitner & Dmitriy Stolyarov
- 448 Production, Collateral and the Risk-Free Rate
by Geoffrey Dunbar
- 445 Why are Married Men Working So Much?
by John Knowles
- 444 Demographic Trends, Fiscal Policy and Trade Deficits
by Andrea Ferrero
- 441 Endogenously Segmented Market in a Search-Theoretic Model of Monetary Exchange
by Jonathan Chiu & Miguel Molico
- 440 Adoption Lags, Implementation Gaps, and Economic Growth
by Diego Comin & Bart Hobijn
- 439 Robustifying Learnability
by Robert J. Tetlow & Peter von zur Muehlen
- 438 Does Regulation Reduce Productivity? Evidence From Regulation of the U.S. Beet-Sugar Manufacturing Industry During the Sugar Acts, 1934-74
by Benjamin Bridgman & Shi Qi & James Schmitz
- 435 Learning in Society
by Braz Camargo
- 432 First-Time Home Buyers
by Jonas Fisher & Martin Gervais
- 431 Intra- and Inter-sectoral Knowledge Spillovers and TFP Growth Rates
by Nuria Quella
- 430 Optimal Capital Taxation under Limited Commitment
by YiLi Chien & JunSang Lee
- 423 Altruism, Education and U.S. Wealth Inequality
by Christoph Winter
- 422 Market Structure and the Direction of Technological Change
by Matthew Mitchell & Andy Skrzypacz
- 420 Population Policy through Tradable Procreation Rights
by David de la Croix & Axel Gosseries
- 418 Coordination and Renegotiation: Sovereign Defaults in 1980s and 1990s
by Yan Bai & Jing Zhang
- 416 Longevity and Hours over the Lifetime: Data and Implications
by Moshe Hazan