that a $1 increase in the deficit, controlling for the level of economic activity, appear to be associated with about a 30 cent increase in private saving, about a 35 ...
stressed by De Leeuw and Holloway (1983)), inflation adjustment (as stressed ...... DeLeeuw, Frank and Thomas M. Holloway, "The Measurement and ...
at the Federal Reserve Bank of Minneapolis. This paper is part of NBER's research program in. Growth. Any opinions expressed are those of the author and not ...
This paper uses CPS data to analyze gender differences in blackâwhite annual earnings trends over the 1970s and 1980s. We find that in at least two respects ...
Equilibrium in Competitive Insurance Markets with Moral Hazard* ...... the market may become monopolistically competitive and equilibrium may always exist.25.
(Consensus Economics), Thorsten Lang (Moody¶s Deutschland), Claire Pask (Standard and ..... the end of foreign currency deposit accounts in EMU legacy currencies. ...... than a third of the approximately $2, 240 bn worth of U.S. bonds.
INDUSTRIAL SHIFTS, SKILLS LEVELS,. AND THE LABOR MARKET FOR WHITE AND BLACK MALES. John Bound. Harry J. Holzer. Working Paper No. 3715.
insurance contracts is defined as a set of admissible contracts such that: i) all contracts offered at ... label throughout the paper as E. Furthermore, with full insurance, effort is zero. ..... [i â p(e(na + &, nf3 + ))J â p(e(n& + a, nf3 + ))
Performance Evaluation with Stochastic Discount Factors. Heber Farnsworth .... pricing errors is larger variances for the pricing errors on the original test assets.
and not those of the Federal Reserve Bank of Minneapolis nor of the Canadian Bureau of Competition Policy nor of the National. Bureau of Economic Research.
Jack Mintz. John Whalley. Working Paper No. 3628. NATIONAL BUREAU OF ECONOMIC RESEARCH. 1050 Massachusetts Avenue. Cambridge, MA 02138.
the model . Alberto Alesina John Londregan. Harvard University, Carnegie Mellon and NBER University. Howard Rosenthal. Carnegie Mellon. University ...
As a result this source of income is unaffected by carbon pricing, while wage and .... augmented by incorporating regional tax data from the NBER tax simulator to ... described in Ballard (2000), and assume for all income groups that the ... calculat
demand for these goods point by point throughout the future.1 As the econ- omy moves ... date the standard reference cycles.2 If the yield curve were always flat, or at least had .... maturity, say 10 or 20 years, that one feels includes the most imp
Rutherglen, Stewart Schwab, Peter Siegelman, Rip Verkerke, James. Walker, two anonymous referees , and participants in workshops at. Princeton University ...
We are indebted to the Statistics of income Division, Internal Revenue Service and. Eugene Steuerle for developing and allowing us access to the estate tax ...
We thank José Luis Mardones for several conversations on port franchising in Chile ... 2001 by Eduardo M.R.A. Engel, Ronald D. Fischer and Alexander Galetovic. .... optimally regulated `a la Baron and Myerson (1982) into an industry with ...
This paper studies overborrowing, financial crises and macro-prudential ...... 13 The three crises correspond to the Great Depression, the Savings and Loans ...
Our paper uses data on all graduate students who entered Ph.D. programs in ..... An economic model of doctoral students' timesâtoâdegree and completion.
average of past dividend growth to forecast future growth rates. Such a ... can be faulted for implicitly forecasting future dividends by extrapolating past dividend.
September 26, 1991. We gratefully acknowledge helpful coxrnents from Richard Frank, Barry Friedman, Mark Pauly, and David. Salkever. This research was ...
compatibility constraints required by underhand agreements imply rent sharing and .... First, the Antitrust Commission, at the request of the government, estab-.
We thank Robert Barsky, Olivier Blanchard, Charlie Brown, Tom. Cooley, David Cutler ... Quah, Larry Summers, Steve Zeldes and seminar participants at the.
THE "GAMBLER'S FALLACYâ IN LOTTERY PLAY. Charles T. Clotfelter. Philip J. Cook. Working Paper No. 3769. NATIONAL BUREAU OF ECONOMIC ...
