Working Papers

The Benjamin H. Griswold III, Class of 1933, Center for Economic Policy Studies funds policy-related research projects within Princeton’s Department of Economics. Griswold Center for Economic Policy Studies (GCEPS) Working Papers, authored by Princeton faculty, on a variety of policy-related topics, are circulated prior to publication (pdf file links require the Adobe Reader plug-in).

• No. 295: Miyauchi, Yuhei, Kentaro Nakajima, and Stephen J. Redding, The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data (April 2022).
• No. 294: Ashenfelter, Orley, David Card, Henry S. Farber, and Michael R. Ransom, Monopsony in the Labor Market: New Empirical Results and New Public Policies (April 2022).
• No. 293: Fonseca, Julia, and Adrien Matray, The Real Effects of Banking the Poor: Evidence from Brazil (April 2022).
• No. 292: Kleinman, Benny, Ernest Liu, and Stephen J. Redding, International Friends and Enemies (April 2022).
• No. 291: Blinder, Alan S., Michael Ehrmann, Jakob de Haan, and David-Jan Jansen, Central Bank Communication with the General Public: Promise or False Hope? (April 2022).
• No. 256: Sims, Christopher A., Optimal Fiscal and Monetary Policy with Distorting Taxes (August 2019; revised version, February 2022).
• No. 290: Blinder, Alan S., Interactions between Monetary and Fiscal Policy: Yesterday, Today, and Tomorrow (September 2021).
• No. 289: Blinder, Alan S., Central Banking in the Time of Covid (September 2021).
• No. 288: Melitz, Marc J., and Stephen J. Redding, Trade and Innovation (June 2021).
• No. 287: Miyauchi, Yuhei, Kentaro Nakajima, and Stephen J. Redding, Consumption Access and Agglomeration: Evidence from Smartphone Data (June 2021).
• No. 286: Redding, Stephen J., Suburbanization in the United States 1970-2010 (May 2021).
• No. 285: Alfaro-Ureña, Alonso, Isabela Manelici, and Jose P. Vasquez, The Effects of Multinationals on Workers: Evidence from Costa Rican Microdata (April 2021).
• No. 284: Hazell, Jonathon, Juan Herreño, Emi Nakamura, and Jón Steinsson, The Slope of the Phillips Curve: Evidence from U.S. States (April 2021).
• No. 283: Bretton Woods Committee’s Sovereign Debt Working Group. William C. Dudley, Working Group Member. Sovereign Debt: A Critical Challenge (April 2021).
• No. 282: Braverman, Mark, and Sylvain Chassang, Data-Driven Incentive Alignment in Capitation Schemes (February 2021).
• No. 281: Ashenfelter, Orley, and Stepan Jurajda, Wages, Minimum Wages, and Price Pass-Through: The Case of McDonald’s Restaurants (January 2021).
• No. 280: Duquerroy, Anne, Adrien Matray, and Farzad Saidi, Sticky Deposit Rates and Allocative Effects of Monetary Policy (December 2020).
• No. 279: Acemoglu, Daron, David Autor, Jonathon Hazell, and Pascual Restrepo, AI and Jobs: Evidence from Online Vacancies (December 2020).
• No. 278: Chassang, Sylvain, Lucia Del Carpio, and Samuel Kapon, Making the Most of Limited Government Capacity: Theory and Experiment (October 2020).
• No. 277: Farber, Henry S., Daniel Herbst, Ilyana Kuziemko, and Suresh Naid, Unions and Inequality over the Twentieth Century: New Evidence from Survey Data (October 2020).
• No. 276: Matray, Adrien, and Charles Boissel, Higher Dividend Taxes, No Problem! Evidence from Taxing Entrepreneurs in France (September 2020).
• No. 275: Blickle, Kristian, Markus K. Brunnermeier, and Stephan Luck, Micro-evidence from a System-wide Financial Meltdown: The German Crisis of 1931 (June 2020).
• No. 274: Grossman, Gene M., and Elhanan Helpman, When Tariffs Disrupt Global Supply Chains (January 2021).
• No. 273: Agranov, Marina, Ahrash Dianat, Larry Samuelson, and Leeat Yariv, Paying to Match: Decentralized Markets with Information Frictions (January 2021).
• No. 272: Agersnap, Ole, and Owen Zidar, The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates (December 2020).
• No. 271: Echenique, Federico, Ruy Gonzalez, Alistair J. Wilson, and Leeat Yariv, Top of the Batch: Interviews and the Match (December 2020).
• No. 270: Baccara, Mariagiovanna, SangMok Lee, and Leeat Yariv, Task Allocation and On-the-job Training (October 2020).
• No. 269: Grossman, Gene M., and Elhanan Helpman, Electoral Competition with Fake News (October 2020).
• No. 268: Grossman, Gene M., Elhanan Helpman, Ezra Oberfield, and Thomas Sampson, Endogenous Education and Long-Run Factor Shares (September 2020).
• No. 267: Antras, Pol, Stephen J. Redding, and Esteban Rossi Hansberg, Globalization and Pandemics (September 2020).
• No. 266: Redding, Stephen J., Trade and Geography (September 2020).
• No. 265: Rodriguez-Clare, Andres, Mauricio Ulate, and Jose P. Vasquez, New-Keynesian Trade: Understanding the Employment and Welfare Effects of Trade Shocks (September 2020).
• No. 264: Smith, Matthew, Owen Zidar, and Eric Zwick, Top Wealth in America: New Estimates and Implications for Taxing the Rich (April 2020).
• No. 263: Bau, Natalie, and Adrien Matray, Misallocation and Capital Market Integration: Evidence from India (January 2020).
• No. 262: Delatte, Anne-Laure, Adrien Matray, and Noémie Pinardon-Touati, Private Credit under Political Influence: Evidence from France (January 2020).
• No. 261: Slattery, Cailin, and Owen Zidar, Evaluating State and Local Business Tax Incentives (January 2020).
• No. 260: Hombert, Johan, and Adrien Matray, Technology Boom, Labor Reallocation, and Human Capital Depreciation (September 2019).
• No. 259: Blinder, Alan S., What does Jerome Powell know that William McChesney Martin didn’t—and what role did academic research play in that? (September 2019).
• No. 258: Brunnermeier, Markus K., and Ricardo Reis, A Crash Course on the Euro Crisis (August 2019).
• No. 257: Brunnermeier, Markus K., Darius Palia, Karthik A. Sastry, and Christopher A. Sims, Feedbacks: Financial Markets and Economic Activity (August 2019).
• No. 256: Sims, Christopher A., Optimal Fiscal and Monetary Policy with Distorting Taxes (August 2019; revised version, February 2022).
• No. 255: Hombert, Johan, and Adrien Matray, The Long-Term Consequences of the Tech Bubble on Skilled Workers’ Earnings (June 2019).
• No. 254: Rosen, Harvey S., and Peter Koczanski, Are Millennials Really So Selfish? Preliminary Evidence from the Philanthropy Panel Study (May 2019).
• No. 253: Mody, Ashoka, and Milan Nedeljkovic, Central Bank Policies and Financial Markets: Lessons from the Euro Crisis (December 2018).
• No. 252: Blinder, Alan S., Economists’ Biggest Failure (August 2018).
• No. 251: Drukker, Austin J., Ted Gayer, and Harvey S. Rosen, The Mortgage Interest Deduction: Revenue and Distributional Effects (October 2017).
• No. 250: Rosen, Harvey S., and Alexander J. W. Sappington, The Impact of Endowment Shocks on Payouts (November 2016).
• No. 249: Rosen, Harvey S., and Alexander J. W. Sappington, To Borrow or Not to Borrow? An Analysis of University Leverage Decisions (January 2016).
• No. 248: Kang, Dae Woong, Nick Ligthart, and Ashoka Mody, The European Central Bank: Building a Shelter in a Storm (December 2015).
• No. 247: Parkinson, Martin, The Lucky Country: Has it Run out of Luck? (September 2015).
• No. 246: Parkinson, Martin, US Economic Diplomacy: A View from Afar (September 2015).
• No. 245: Lau, Yan, and Harvey S. Rosen, Are Universities Becoming More Unequal? (July 2015).
• No. 244: Rosen, Harvey S., and Alexander J. W. Sappington, What Do University Endowment Managers Worry About? An Analysis of Alternative Asset Investments and Background Income (June 2015).
• No. 243: Blinder, Alan S., What Did We Learn from the Financial Crisis, the Great Recession, and the Pathetic Recovery? (November 2014).
• No. 242: Blinder, Alan S., Financial Entropy and the Optimality of Over-Regulation (November 2014).
• No. 241: Blinder, Alan S., and Mark W. Watson, Presidents and the U.S. Economy: An Econometric Exploration (July 2014).
• No. 240: Kopelman, Jason L., and Harvey S. Rosen, Are Public Sector Jobs Recession-Proof? Were They Ever? (October 2014).
• No. 239: Kaplan, Greg, and Guido Menzio, The Morphology of Price Dispersion (February 2014).
• No. 238: Huggett, Mark, and Greg Kaplan, The Money Value of a Man (June 2013).
• No. 237: Bruno, Valentina, and Hyun Song Shin, Global Factors in Capital Flows and Credit Growth (June 2013).
  • No. 237a: Bruno, Valentina, and Hyun Song Shin, Capital Flows, Cross-Border Banking and Global Liquidity (June 2013).
  • No. 237b: Bruno, Valentina, and Hyun Song Shin, Capital Flows and the Risk-Taking Channel of Monetary Policy (June 2013).
  • No. 237c: Bruno, Valentina, and Hyun Song Shin, Assessing Macroprudential Policies: Case of Korea (June 2013).
• No. 236: Meer, Jonathan, and Harvey S. Rosen, Donative Behavior at the End of Life (June 2013).
• No. 235: Kim, Se-Jik, and Hyun Song Shin, Working Capital, Trade and Macro Fluctuations (June 2013).
• No. 234: Kaplan, Greg, and Guido Menzio, Shopping Externalities and Self-Fulfilling Unemployment Fluctuations (May 2013).
• No. 233: Sims, Christopher A., Gaps in the Institutional Structure of the Euro Area (May 2013).
• No. 232, Geruso, Michael, and Harvey S. Rosen, Fraud in the Workplace? Evidence from a Dependent Verification Program (April 2013).
• No. 231: De Loecker, Jan, Pinelopi K. Goldberg, Amit K. Khandelwal, and Nina Pavcnik, Prices, Markups and Trade Reform Appendix (September 2012).
• No. 230: Collard-Wexler, Allan, and Jan De Loecker, Reallocation and Technology: Evidence from the U.S. Steel Industry (September 2012).
• No. 229: Blinder, Alan S., Central Bank Independence and Credibility During and After a Crisis (September 2012).
• No. 228: Rosen, Harvey S., Growth, Distribution, and Tax Reform: Thoughts on the Romney Proposal (September 2012).
• No. 227: Bewerunge, Philipp, and Harvey S. Rosen, Wages, Pensions, and Public-Private Sector Compensation Differentials (June 2012).
• No. 226: Huck, Steffen, Imran Rasul, and Andrew Shephard, Comparing Charitable Fundraising Schemes: Evidence from a Field Experiment and a Structural Model (March 2012).
• No. 225: Ashenfelter, Orley C.,Economic History or History of Economics? A Review Essay on Sylvia Nasar’s Grand Pursuit: the Story of Economic Genius (January 2012).
• No. 224: Meer, Jonathan, and Harvey S. Rosen, Does Generosity Beget Generosity? Alumni Giving and Undergraduate Financial Aid (October 2011).
• No. 223:Shephard, Andrew J., Equilibrium Search and Tax Credit Reform (September 2011).
• No. 222: Chow, Gregory C., A Model for National Income Determination in Taiwan (September 2011).
• No. 221: Chow, Gregory C., Usefulness of Adaptive and Rational Expectations in Economics (September 2011).
• No. 220: Chow, Gregory C., A Model of Inflation in Taiwan (September 2011).
• No. 219: Chow, Gregory C., Economic Planning in China (June 2011).
• No. 218: Blundell, Richard, and Andrew Shephard, Employment, Hours of Work and the Optimal Taxation of Low Income Families (May 2011).
• No. 217: Krueger, Alan B., and Ilyana Kuziemko, The Demand for Health Insurance among Uninsured Americans: Results of a Survey Experiment and Implications for Policy (April 2011).
• No. 216: Dinkelman, Taryn, and Claudia Martinez A., Investing in Schooling in Chile: The Role of Information about Financial Aid for Higher Education (February 2011).
• No. 215: Krueger, Alan B., and Andreas Mueller, Job Search and Job Finding in a Period of Mass Unemployment: Evidence from High-Frequency Longitudinal Data (January 2011).
• No. 214: Ashenfelter, Orley C., and Kathryn Graddy, Sale Rates and Price Movements in Art Auctions (January 2011).
• No. 213: Spears, Dean, Economic Decision-making in Poverty Depletes Behavioral Control (December 2010).
• No. 212: Dix-Carneiro, Rafael, Trade Liberalization and Labor Market Dynamics (November 2010).
• No. 211: Bhattarai, Saroj, and Raphael Schoenle, Multiproduct Firms and Price-Setting: Theory and Evidence from U.S. Producer Prices (July 2010).
• No. 210: Rosen, Harvey S., and Stephen T. Sims, Altruistic Behavior and Habit Formation (July 2010).
• No. 209: Blinder, Alan S., The Squam Lake Report: Fifteen Economists in Search of Financial Reform (August 2010).
• No. 208: Kenen, Peter B., Renovation of the Global Reserve Regime: Concepts and Proposals (June 2010).
• No. 207: Blinder, Alan S., Teaching Macro Principles after the Financial Crisis (April 2010).
• No. 206: Chow, Gregory C., China’s Environmental Policy: A Critical Survey (April 2010).
• No. 205: Chow, Gregory C., Will China Have Serious Inflation? (April 2010).
• No. 204: Blinder, Alan S., Quantitative Easing: Entrance and Exit Strategies (March 2010).
• No. 203: Ashenfelter, Orley, and Kathryn Graddy, Art Auctions (March 2010).
• No. 202: Chow, Gregory C., Entrepreneurship Propelling Economic Changes in China (March 2010).
• No. 201: Sims, Christopher A., Commentary on Policy at the Zero Lower Bound (January 2010).
• No. 200: Malkiel, Burton G., Bubbles in Asset Prices (January 2010).
• No 199: Ashenfelter, Orley C., Kirk B. Doran, and Bruce Schaller, A Shred of Credible Evidence on the Long Run Elasticity of Labor Supply (January 2010).
• No. 198: Blinder, Alan S., How Central Should the Central Bank Be? (January 2010).
• No. 197: Vichyanond, Jade, Intellectual Property Protection and Patterns of Trade (November 2009).
• No. 196: Farber, Henry S., Rational Choice and Voter Turnout: Evidence from Union Representation Elections (October 2009).
• No. 195: Spears, Dean E., Bounded Rationality as Deliberation Costs: Theory and Evidence from a Pricing Field Experiment in India (October 2009).
• No. 194: Chow, Gregory C., Important Lessons from Studying the Chinese Economy (December 2009).
• No. 193: Goldberg, Pinelopi, and Rebecca Hellerstein, How Rigid Are Producer Prices? (November 2009).
• No. 192: Goldberg, Pinelopi, Amit Khandelwal, Nina Pavcnik, and Petia Topalova, Imported Intermediate Inputs and Domestic Product Growth: Evidence from India (September 2009).
• No. 191: Kleiner, Morris M., and Alan B. Krueger, Analyzing the Extent and Influence of Occupational Licensing on the Labor Market (August 2009).
• No. 190: Blinder, Alan S., and Alan B. Krueger, Alternative Measures of Offshorability: A Survey Approach (August 2009).
• No. 189: Lee, David S., and Justin McCrary, The Deterrence Effect of Prison: Dynamic Theory and Evidence (July 2009).
• No. 188: Malkiel, Burton G., and Derek Jun, The “Value” Effect and the Market for Chinese Stocks (July 2009).
• No. 187: Meer, Jonathan, and Harvey S. Rosen, Family Bonding with Universities (June 2009).
• No. 186: Malkiel, Burton G., Atanu Saha, and Alex Grecu, The Clustering of Extreme Movements: Stock Prices and the Weather (February 2009).
• No. 185: Goldberg, Pinelopi Koujianou, and Rebecca Hellerstein, A Framework for Identifying the Sources of Local-Currency Price Stability with an Empirical Application (March 2008).
• No. 184: Rothstein, Jesse, Is the EITC as Good as an NIT? Conditional Cash Transfers and Tax Incidence (January 2009).
• No 183: Ashenfelter, Orley C., Daniel Hosken, and Matthew Weinberg, Generating Evidence to Guide Merger Enforcement (March 2009).
• No. 182: Lee, David S., and Alexandre Mas, Long-Run Impacts of Unions on Firms: New Evidence from Financial Markets, 1961-1999 (January 2009).
• No. 181: Farber, Henry S., Increasing Voter Turnout: Is Democracy Day the Answer? (February 2009).
• No. 180: Cellini, Stephanie Riegg, Fernando Ferreira, and Jesse Rothstein, The Value of School Facilities: Evidence from a Dynamic Regression Discontinuity Design (November 2008).
• No. 178: Lee, David, and Emmanuel Saez, Optimal Minimum Wage Policy in Competitive Labor Markets (September 2008).
• No. 177: Gonzalez-Navarro, Marco, Deterrence and Displacement in Auto Theft (October 2008).
• No. 176: Blinder, Alan S., and Jeremy B. Rudd, The Supply Shock Explanation of the Great Stagflation Revisited (November 2008).
• No. 175: Krueger, Alan B., and Andreas Mueller, Job Search and Unemployment Insurance: New Evidence from Time Use Data (August 2008).
• No. 174: Krueger, Alan B., and Morris M. Kleiner, The Prevalence and Effects of Occupational Licensing (August 2008).
• No. 173: Meer, Jonathan, and Harvey S. Rosen, The ABCs of Charitable Solicitation (May 2009).
• No. 172: Farber, Henry S., Employment Insecurity: The Decline in Worker-Firm Attachment in the United States (January 2008).
• No. 171: Farber, Henry S., Job Loss and the Decline in Job Security in the United States (June 2008).
• No. 170: Rothstein, Jesse, Student Sorting and Bias in Value Added Estimation:Selection on Observables and Unobservables (June 2008).
• No. 169: Romero, Roman E., Monetary Policy in Oil-Producing Economies (January 2008).
• No. 168: Paxson, Christina, and Cecilia Elena Rouse, Returning to New Orleans after Hurricane Katrina (January 2008).
• No. 167: Blinder, Alan S., Making Monetary Policy by Committee (June 2008).
• No. 166: Malkiel, Burton G., and Derek Jun, New Paradigms in Stock Market Indexing (January 2008).
• No. 165: Rothstein, Jesse, The Unintended Consequences of Encouraging Work: Tax Incidence and the EITC (May 2008).
• No. 164: Blinder, Alan S., Talking about Monetary Policy:The Virtues (and Vices?) of Central Bank Communication (May 2008).
• No. 163: Blinder, Alan S., Education for the Third Industrial Revolution (February 2008).
• No. 162: Meer, Jonathan, and Harvey S. Rosen, The Impact of Athletic Performance on Alumni Giving:An Analysis of Micro Data (March 2008).
• No. 161: Blinder, Alan S., Michael Ehrmann, Marcel Fratzscher, Jakob De Haan, and David-Jan Jansen,Central Bank Communication and Monetary Policy:
  A Survey of Theory and Evidence (March 2008).
• No 160: Ashenfelter, Orley C., and Daniel Hosken, The Effect of Mergers on Consumer Prices: Evidence from Five Selected Case Studies (February 2008).
• No. 159: Rothstein, Jesse, Do Value-Added Models Add Value?Tracking, Fixed Effects, and Causal Inference (November 2007).
• No. 158: Forslund, Anders, and Alan Krueger, Did Active Labour Market Policies Help Sweden Rebound from the Depression of the Early 1990s? (March 2008).
• No. 157: Krueger, Alan B., Daniel Kahneman, David Schkade, Norbert Schwarz, and Arthur A. Stone, National Time Accounting: The Currency of Life (November 2007).
• No. 156: Rouse, Cecilia Elena, Jane Hannaway, Dan Goldhaber, and David Figlio, Feeling the Florida Heat? How Low-Performing Schools Respond to Voucher and Accountability Pressure (November 2007).
• No. 155: Sims, Christopher A., Monetary Policy Models (November 2007).
• No. 154: Malkiel, Burton G., The Efficiency of the Chinese Stock Markets: Some Unfinished Business on the Road to Economic Transformation (December 2007).
• No. 153: Blinder, Alan S., On the Design of Monetary Policy Committees (September 2007).
• No. 152: Chow, Gregory C., China�s Energy and Environmental Problems and Policies (August 2007).
• No. 151: Blinder, Alan S., and John Morgan, Leadership in Groups: A Monetary Policy Experiment (July 2007).
• No. 150: Meer, Jonathan, and Harvey S. Rosen, Altruism and the Child-Cycle of Alumni Donations (May 2007).
• No. 149: Blinder, Alan S., Offshoring: Big Deal, or Business as Usual? (June 2007).
• No. 148: Rothstein, Jesse, and Albert H. Yoon, Affirmative Action in Law School Admissions:What Do Racial Preferences Do? (March 2007).
• No. 147: Card, David, Alexandre Mas, and Jesse Rothstein, Tipping and the Dynamics of Segregation (April 2007).
• No. 146: Rothstein, Jesse, and Cecilia Elena Rouse, Constrained After College:
  Student Loans and Early Career Occupational Choices(May 2007).
• No. 145: Paxson, Christina, and Norbert Schady, Does Money Matter? The Effects of Cash Transfers on
  Child Health and Development in Rural Ecuador (March 2007).
• No. 144: Svensson, Lars E.O., Inflation Targeting (May 2007).
• No. 143: Ashenfelter, Orley C., Stephen Ciccarella, and Howard J. Shatz, French Wine and the U.S. Boycott of 2003: Does Politics Really Affect Commerce? (May 2007).
• No. 142: Blinder, Alan S., How Many U.S. Jobs Might Be Offshorable? (March 2007).
• No. 141: Gerardi, Kristopher, Harvey S. Rosen, and Paul Willen, Do Households Benefit from Financial Deregulation and Innovation? The Case of the Mortgage Market, (March 2007).
• No. 140: Weinberg, Matthew, The Price Effects of Horizontal Mergers: A Survey, (January 2007).
• No. 139: Krueger, Alan B., and David A. Schkade, Sorting in the Labor Market: Do Gregarious Workers Flock to Interactive Jobs? (February 2007).
• No. 138: Krueger, Alan B., and David A. Schkade, The Reliability of Subjective Well-Being Measures, (January 2007).
• No. 137: Mastrobuoni, Giovanni, and Matthew Weinberg, Heterogeneity in Intra-Monthly Consumption Patterns, Self-Control, and Savings at Retirement, (January 2007).
• No. 136: Mastrobuoni, Giovanni, Labor Supply Effects of the Recent Social Security Benefit Cuts: Empirical Estimates Using Cohort Discontinuities, (December 2006).
• No. 135: Blinder, Alan S., Preparing America’s Workforce: Are We Looking in the Rear-View Mirror? (October 2006).
• No. 134: Chow, Gregory C., Rural Poverty in China: Problem and Policy, (September 2006).
• No. 133: Mastrobuoni, Giovanni, The Social Security Earnings Test Removal: Money Saved or Money Spent by the Trust Fund? (August 2006).
• No. 132: Chow, Gregory C., An Economic Analysis of Health Care in China, (August 2006).
• No. 131: Dixit, Avinash K., Predatory States and Failing States: An Agency Perspective, (August 2006).
• No 130: Ashenfelter, Orley C., and Karl Storchmann, Using a Hedonic Model of Solar Radiation to Assess the Economic Effect of Climate Change: The Case of Mosel Valley Vineyards, (July 2006).
• No 129: Blinder, Alan S., Monetary Policy Today: Sixteen Questions and about Twelve Answers, (July 2006).
• No 128: Sims, Christopher A., Improving Monetary Policy Models, (May 2006).
• No. 127: Svensson, Lars E.O., The Instrument-Rate Projection under Inflation Targeting:The Norwegian Example, (February 2006).
• No. 126: Svensson, Lars E.O., Monetary Policy and Japan’s Liquidity Trap, (January 2006).
• No 125: Kahneman, Daniel, Alan B. Krueger, David Schkade, Norbert Schwarz, and Arthur A. Stoneger, Would You Be Happier If You Were Richer? A Focusing Illusion, (May 2006).
• No 124: Grecu, Alex, Burton G. Malkiel, and Atanu Saha, Why Do Hedge Funds Stop Reporting Their Performance? (March 2006).
• No 123: Rothstein, Jesse, and Albert Yoon, Mismatch in Law School, (February 2006).
• No 122: Malkiel, Burton G., Jianping Mei, and Rui Yang, Investment Strategies to Exploit Economic Growth in China, (December 2005).
• No 121: Battaglini, Marco, Rebecca Morton, and Thomas R. Palfrey, Efficiency, Equity, and Timing in Voting Mechanisms, (September 2005).
• No 120: Willard, Luke B., Does Inflation Targeting Matter? A Reassessment, (February 2006).
• No 119: Blinder, Alan S., Fear of Offshoring, (December 2005).
• No 118: Blinder, Alan S., Monetary Policy by Committee: Why and How? (November 2005).
• No 117: Kling, Jeffrey R., and Jens Ludwig, Is Crime Contagious? (October 2005).
• No 116: Chow, Gregory C., Corruption and China’s Economic Reform in the Early 21st Century, (October 2005).
• No 115: Chow, Gregory C., Globalization and China’s Economic and Financial Development, (September 2005).
• No 114: Blinder, Alan S., and Ricardo Reis, Understanding the Greenspan Standard, (September 2005).
• No 113: Hornstein, Andreas, Per Krusell, and Giovanni L. Violante, The Effects of Technical Change on Labor Market Inequalities, (July 2005).
• No 112: Blinder, Alan S., Economic Advice and Political Decisions: A Clash of Civilizations? (July 2005).
• No 111: Palfrey, Thomas R., Laboratory Experiments in Political Economy, (July 2005).
• No 110: Sims, Christopher A.,and Tao Zha, Were There Regime Switches in U.S. Monetary Policy? (May 2005).
• No 109:Card, David, and Jesse Rothstein, Racial Segregation and the Black White Test Score Gap, (May 2005).
• No 108: Krueger, Alan B., Jesse Rothstein, and Sarah Turner, Race, Income and College in 25 Years: The Continuing Legacy of Segregation and Discrimination, (May 2005).
• No 107: Kling, Jeffrey R., and Mark E. Votruba, Effects of Neighborhood Characteristics on the Mortality of Black Male Youth: Evidence from Gautreaux, (May 2005).
• No 106: Chow, Gregory C., and Yan Shen, Demand for Education in China, (April 2005).
• No 105: Blinder, Alan S., What Have We Learned since October 1979? (April 2005).
• No 104: Malkiel, Burton G., andAtanu Saha, Hedge Funds: Risk and Return, (October 2004).
• No 103: Mauzerall, Denise L., Babar Sultan, Namsoug
  Kim, and David F. Bradford, Charging NOx Emitters for Health Damages: An Exploratory Analysis, (September 2004).
• No 102: Ashenfelter, Orley, and Kathryn Graddy,Anatomyof the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby’s and Christie’s, (September 2004).
• No 101: Mastrobuoni, Giovanni, The Effects of the Euro-Conversion on Prices and Price Perceptions, (September 2004).
• No 100: Blinder, Alan S., The Case Against the Case Against Discretionary Fiscal
  Policy, (June 2004).
• No 99: Blinder, Alan S., and Alan B. Krueger, WhatDoes the Public Know about Economic Policy, and How
  Does It Know It? (May 2004).
• No. 98: Chow, Gregory C., and Yan Shen, Money, Price Level and Output in the Chinese Macro Economy, (May 2004).
• No. 97: Ashenfelter, Orley, and Michael Greenstone, Estimating
  the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias, (January 2004).
• No. 96: Bradford, David F., Improving
  on Kyoto: Greenhouse Gas Control as the Purchase of
  a Global Public Good, (January 2004).
• No. 95: Votruba, Mark E., Social Security and Retirees’ Decision to Work,
  (November 2003).
• No. 94: Keller, Klaus, Zili Yang, Matt Hall, and
  David F. Bradford, Carbon Dioxide Sequestration: When and How Much? (September 2003).
• No. 93: Bradford, David F., The X-Tax in the World Economy, (August 2003).
• No. 92: Farber, Henry S., Is Tomorrow Another Day? The Labor Supply of New York Cab Drivers, (May 2003).
• No. 91: Malkiel, Burton G., The
  Efficient Market Hypothesis and Its Critics,
  (April 2003).
• No. 90: Farber, Henry S., Nonunion Wage Rates and the Threat of Unionization, (April 2003).
• No. 89: Farber, Henry S., Job Loss in the United States, 1981-2001, (January 2003).
• No. 88: Krueger, Alan B., and Kenneth N. Forston, Do Markets Respond More to More Reliable Labor Market Data? A Test of Market Rationality, (January 2003).
• No. 87: Krueger, Alan B., Inequality, Too Much of a Good Thing, (August 2002).
• No. 86: Blinder, Alan S., Through the Looking Glass: Central Bank Transparency, (December 2002).
• No. 85: Meer, Jonathan, and Harvey S. Rosen, Insurance, Health, and the Utilization of Medical Services, (October 2002).
• No. 84: Svensson, Lars E.O., What Is Wrong with Taylor Rules? Using Judgment in Monetary Policy through Targeting Rules, (October 2002).
• No. 83: Svensson, Lars E.O., Monetary Policy and Real Stabilization, (September 2002).
• No. 82: Svensson, Lars E.O., Kjetil Houg, Alfred Berg, Haakon O.Aa.Solheim, and Erling Steigum, An Independent Review of Monetary Policy and Institutions in Norway, (September 2002).
• No. 81: Ashenfelter, Orley, and Kathryn Graddy, Art Auctions: A Survey of Empirical Studies, (April 2002).
• No. 80: Rosen, Harvey S., Public Finance: Essay for the Encyclopedia of Public Choice, (March 2002).
• No. 79: Hsieh, Chang-Tai, and Miguel Urquiola, When Schools Compete, How Do They Compete?: An Assessment of Chile’s Nationwide School Voucher Program, (February 2002).
• No. 78: Hsieh, Chang-Tai, and Enrico Moretti, Uncovering Rent-Seeking and Social Waste: A Parable from the Real Estate Market, (February 2002).
• No. 77: Krueger, Alan B., and Alexandre Mas, Strikes, Scabs and Tread Separations: Labor Strife and the Production of Defective Bridgestone/Firestone Tires, (February 2002).
• No. 76: Linsenmeier, David M., Harvey S. Rosen, and Cecilia E. Rouse, Financial Aid Packages and College Enrollment Decisions: An Econometric Case Study, (November 2001).
• No. 75: Rosen, Harvey S., and Stephen Wu, Health Status and Portfolio Choice, (October 2001).
• No. 74: Bradford, David, Reforming Budgetary Language, (August 2001).
• No. 73: Meer, Jonathan, Douglas Miller, and Harvey S. Rosen, Exploring the Health-Wealth Nexus (August 2001).
• No. 72: Perry, Craig W., and Harvey S. Rosen, Insurance and the Utilization of Medical Services among the Self-Employed, (August 2001).
• No. 71: Perry, Craig W., and Harvey S. Rosen, The Self-Employed Are Less Likely to Have Health Insurance Than Wage-Earners.  So What?, (June 2001).
• No. 70: Blinder, Alan S., and John Morgan, Are Two Heads Better Than One?: An Experimental Analysis of Group vs. Individual Decisionmaking, (May 2001).
• No. 69: Auerbach, Alan J., and David F. Bradford, Generalized Cash Flow Taxation, (May 2001).
• No. 68: Carroll, Robert, Douglas Holtz-Eakin, Mark Rider, and Harvey Rosen, Personal Income Taxes and the Growth of Small Firms, (October 2000).
• No. 67: Katz, Lawrence F., Jeffrey R. Kling, and Jeffrey B. Liebman, The Early Impacts of Moving to Opportunity in Boston, (October 2000).
• No. 66: Bradford, David F., Rebecca Schlieckert, and Stephen H. Shore, The Environmental Kuznets Curve: Exploring A Fresh Specification, (August 2000).
• No. 65: Chow, Gregory C., China’s Economic Policy in the Context of the Asian Financial Crisis, (August 2000)
• No. 64: Chow, Gregory C., and Kui-Wai-Li, China’s Economic Growth: 1952-2010, (August 2000).
• No. 63: Bolton, Patrick, Joseph Brodley, and Michael Riordan, Predatory Pricing: Strategic Theory and Legal Policy, (September 1999).
• No. 62: Holtz-Eakin, Douglas, and Harvey Rosen, Cash Constraints and Business Start-Ups: Deutschmarks versus Dollars,(September 1999).
• No. 61: Katz, Lawrence, and Alan B. Krueger, The High-Pressure U.S. Labor Market of the 1990s, (August 1999).
• No. 60: Holtz-Eakin, Douglas, David Joulfaian, and Harvey Rosen, Estimating the Income Effect on Retirement, (August 1999).
• No 59: Farber, Henry, and Kevin Hallock, Have Employment Reductions Become Good News for Shareholders?: The Effect of Job Loss Announcements on Stock Prices, 1970-97, (June 1999).
• No. 58: Blinder, Alan, Redesigning the Global Financial Architecture, (June 1999).
• No. 57: Blinder, Alan, Economics Becomes a Science – Or Does It?, (June 1999).
• No. 56: Bradford, David, and Daniel Shaviro, The Economics of Vouchers, (April 1999).
• No. 55: Holtz-Eakin, Douglas, John Phillips, and Harvey Rosen, Estate Taxes, Life Insurance, and Small Business, (April 1999).
• No. 54: Blinder, Alan S., Central Bank Credibility: Why Do We Care?  How Do We Build It?, (January 1999).
• No. 53: Bradford, David, and Klaus Keller, Francois M.M. Morel, and Kelvin Tan, The North Atlantic Thermohaline Circulation Collapse as a Constraint on Economically Optimal Carbon Dioxide Emissions, (December 1998).
• No. 52: Fluck, Zsuzsanna, and Douglas Holtz-Eakin and Harvey S. Rosen, Where Does the Money Come From?  The Financing of Small Entrepreneurial Enterprises, (February 1998).
• No  51: Carroll, Robert, and Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen, Entrepreneurs, Income Taxes, and Investments, (January 1988).
• No. 50: Bradford, David F., Transition to and Tax Rate Flexibility in a Cash-Flow Type Tax, (December 1997).
• No. 49: Holtz-Eakin, Douglas, and Harvey S. Rosen and Robert Weathers, Horatio Alger Meets the Mobility, (October 1997).
• No. 48: Dahl, Gordon B., and Michael R. Ransom, Does Where You Stand Depend on Where You Sit?: Tithing Donations and Self-Serving Beliefs, (September 1997)
• No. 47: Malkiel, Burdon G., Investment Opportunities in Emerging Markets,(August 1997)
• No. 46: Besley, Timothy J., and Harvey S. Rosen, Vertical Externalities in Tax Setting: Evidence from Gasoline and Cigarettes,(June 1997).
• No. 45: Blinder, Alan S., Fact and Fancy in the Growth Debate,(June 1997).
• No. 44: Dahl, Gordon B., and Michael R. Ransom, The Ten Percent Flat Tax: Tithing and the Definition of Income,(May 1997).
• No. 43: Thurston, Norman K., Physician Behavioral Responses to Variation in Marginal Income Tax Rates: Logitudinal Evidence, (May 1997).
• No. 42: Blinder, Alan S., and Richard E. Quandt, Waiting for Godot: Information Technology and the Productivity Miracle? (May 1997).
• No. 41: Leventis, Andrew, Cardiac Surgeons under Scrutiny: A Testable Patient-Selection Model (May 1997).
• No. 40: Blinder, Alan B., From Both Sides Now: What Central Bankers Could Learn from Academics — and Vice-Versa (May 1997).
• No. 39: Rouse, Cecilia Elena, Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program,(February 1997).
• No. 38: Besley, Timothy J., and Harvey S. Rosen, Sales Taxes and Prices: An Empirical Analysis(February 1997).
• No. 37: Bradford, David F., On the Uses of Benefit-Cost Reasoning in Choosing Policy Toward Global Climate Change, (January 1997).
• No. 36: Bradford, David F., and Kyle D. Logue, The Influence of Income Tax Rules on Insurance Reserves(January 1997).
• No. 35: Blinder, Alan S., Central Banking in Theory and Practice, (October 1996).
• No. 34: Bradford, David F., Treatment of Financial Services Under Income and Consumption Taxes, (October 1996).
• No. 33: Bradford, David F., Fixing Capital Gains: Symmetry, Consistency and Correctness in the Taxation of Financial Instruments, (September 1996).
• No. 32: Carroll, Robert, and Douglas Holtz-Eakin, Mark Rider, and Harvey S. Rosen, Income Taxes and Entrepreneurs’ Use of Labor (July 1996).
• No. 31: Farber, Henry S., The Changing Face of Job Loss in the United States, 1981-1993, (June 1996).
• No. 30: Kruse, Douglas, and Alan Krueger and Susan Drastal, Computer Use, Computer Training, and Employment Outcomes among People with Spinal Cord Injuries, (November 1995)
• No  29: Kenen, Peter B., The Feasibility of Taxing Foreign-Exchange Transactions, (November 1995).
• No. 28: Bradford, David F., Consumption Taxes: Some Fundamental Transition Issues, (September 1995).
• No. 27: Grundy, Kevin, and Burton G. Malkiel, Reports of Beta’s Death Have Been Greatly Exaggerated, (September 1996).
• No. 26: Lumsdaine, Robin L., Factors Affecting Labor Supply Decisions and Retirement Income, (July 1995).
• No. 25: Boozer, Michael, and Cecilia Rouse, Intraschool Variation in Class Size: Patterns and Implications, (May 1995).
• No. 24: Farber, Henry S., Are Lifetime Jobs Disappearing? Job Duration in the United States: 1973-1995, (May 1995).
• No. 23: Ashenfelter, Orley, and David Ashmore, and Randall Filer, Evaluating the Effect of a Compulsory Multiple Contractor Law on Construction Costs Using Almost Randomized Trials, ( May 1995).
• No. 22: Canes, Brandice J., and Harvey S. Rosen, Following in Her Footsteps? Women’s Choices of College Majors and Faculty Gender Composition, (October 1994).
• No. 21: Holtz-Eakin, Douglas, and John R. Penrod, and Harvey S. Rosen, Health Insurance and the Supply of Entrepreneurs, (October 1994).
• No. 20: Krueger, Alan, and Cecilia Rouse, New Evidence on Workplace Education, (September 1994).
• No. 19: Feenberg, Daniel, and Harvey S. Rosen, President Clinton’s Marriage Tax, (March 1994).
• No. 18: Holtz-Eakin, Douglas, and David Joulfaian, and Harvey S. Rosen, Entrepreneurial Decisions and Liquidity Constraints, (February 1994).
• No. 17: Firstenberg, Paul B., and Burton G. Malkiel, The Twenty-First Century Board Room: Who Will Be In Charge?, (January 1994).
• No. 16: Krueger, Alan B., Observations on Employment-Based Government Mandates, with Particular Reference to Health Insurance, (January 1994).
• No. 15: Malkiel, Burton G., Returns from Investing in Equity Mutual Funds 1971-1991, (December 1993).
• No. 14: Grossman, Gene M., Pollution and Growth: What Do We Know?, (July 1993).
• No. 13: Holtz-Eakin, Douglas, and David Joulfaian, and Harvey S. Rosen, The Carnegie Conjecture: Some Empirical Evidence, (March 1993).
• No. 12: Krueger, Alan B., and William G. Bowen, Policy Watch: Income-Contingent College Loans, (March 1993).
• No. 11: Baker, Laurence C., and Alan B. Krueger, Twenty-Four Hour Coverage and Workers’ Compensation Insurance, (December 1992).
• No. 10: Baumol, William J., and Burton G. Malkiel, Redundant Regulation of Foreign Security Trading and U.S. Competitiveness, (December 1992).
• No. 9: Malkiel, Burton G., The Regulation of Mutual Funds: An Agenda for the Future, (December 1992).
• No. 8: Blinder, Alan S., Should the Former Socialist Economies Look East or West for a Model?, (December 1992).
• No. 7: Jaffee, Dwight M., and T. Russell, The Effects of Fairness on Loan Market Structure: An Introduction, (May 1992).
• No. 6: Blinder, Alan S., Two Papers on the Japanese Economy, (April 1992).
• No. 5: Brown, John, and Timothy Guinnane, and Marion Lupprian, Fertility Decline in Nineteenth-Century Munich: Background Issues and Some Preliminary Results, (April 1992).
• No. 4: Banerjee, Abhijit V., and Timothy Besley, Peer Group Effects in Education, (April 1992).
• No. 3: Rosen, Harvey S., Tax Policy and Competitiveness, (April 1992).
• No. 2: Malkiel, Burton G., The Influence of Conditions in Financial Markets on the Time Horizons of Business Managers: An International Comparison, (March 1991).
• No. 1: Blinder, Alan S., Why Are Prices Sticky? Preliminary Results from an Interview Study, (February 1991).