Recent Faculty Publications by Field

Economic Theory

Alger, Ingela, "Consumer Strategies Limiting the Monopolist's Power: Multiple and Joint Purchases," RAND Journal of Economics, 30, 736-757, 1999.

Konishi, Hideo, "Quasi-Linear Utility in a Discrete Choice Model," with Peter Fishburn, Economics Letters, 51, 197-200, 1996.

_____, "Equilibrium in a Model with Partial Rivalry," with Michel Le Breton and Shlomo Weber, Journal of Economic Theory, 72, 225-237, 1997.

_____, "Equivalence of Strong and Coalition-Proof Nash Equilibria in the Games without Spillovers," with Michel Le Breton and Shlomo Weber, Economic Theory, 9, 97-113, 1997.

_____, "Existence of Steady-State Equilibrium in an Overlapping Generations Model with Production," with Fernando Perera-Tallo, Economic Theory, 9, 529-537, 1997.

_____, "Group Formation in Games without Spillovers: A Noncooperative Game-Theoretical Approach," with Michel Le Breton and Shlomo Weber, in Carlo Carraro, ed., New Directions in the Economic Theory of the Environment, Cambridge: Cambridge University Press, 1997.

_____, "Pure Strategy Nash Equilibrium in a Group Formation Game with Positive Externality," with Michel Le Breton and Shlomo Weber, Games and Economic Behavior, 21, 161-182, 1997.

_____, "On Coalition-Proof Nash Equilibria in Common Agency Games without Spillovers," with Michel Le Breton and Shlomo Weber, Journal of Economic Theory, 85, 122-139, 1999.

_____, "Core in a Simple Coalition Formation Game," with Suryapratim Banerjee and Tayfun Sšnmez, Social Choice and Welfare, forthcoming.

Lewbel, Arthur, "A Theorem on Portfolio Separation with General Preferences," with William Perraudin, Journal of Economic Theory, 65:2, 624-626, 1995.

_____, "Utility Functions and Global Regularity of Fractional Demand Systems," International Economic Review, 36:4, 927-945, 1995.

_____, "Aggregation Without Separability: A Generalized Composite Commodity Theorem," American Economic Review, 86:3, 524-543, 1996.

Segal, Uzi, "How Complicated Are Betweenness Preferences?" with Zvi Safra, Journal of Mathematical Economics, 24, 371-381, 1995.

_____, "First-Order Risk Aversion and Non-Differentiability," with A. Spivak, Economic Theory, 9, 179-183, 1997.

_____, "Dynamic Consistency and Reference Points," Journal of Economic Theory, 72, 208-219, 1997.

_____, "Preferences over Solutions to the Bargaining Problems," with Kim C. Border, Econometrica, 65, 1-18, 1997.

_____, "Constant Risk Aversion," with Zvi Safra, Journal of Economic Theory, 83, 19-42, 1998.

_____, "Efficient Incentive Compatible Economies are Perfectly Competitive," with Louis Makowski and Joseph M. Ostroy, Journal of Economic Theory, 85, 169-225, 1999.

_____, "Let's Agree that All Dictatorships are Equally Bad," Journal of Political Economy, 108, 569-589, 2000.

_____, "Don't Fool Yourself to Believe You Won't Fool Yourself Again," Economics Letters, 67, 1-3, 2000.

Macroeconomics

Baum, Christopher F., "Tobin"s Q, Intangible Capital, and Financial Policy," with Mark Klock and Clifford Thies, Journal of Economics and Business, 48, 387-400, 1996.

_____, "Q, Cash Flow, and Investment: An Econometric Critique," with Clifford F. Thies, Review of Quantitative Finance and Accounting, 12, 35-47, 1999.

Ireland, Peter, "Customer Flows, Countercyclical Markups, and the Output Effects of Technology Shocks," Journal of Macroeconomics, 1998.

_____, "Technology Shocks and the Business Cycle: An Empirical Investigation," Journal of Economic Dynamics and Control, forthcoming.

Monacelli, Tommaso, "How Much (A)symmetry in Europe" Evidence from Industrial Sectors," with R. Helg, P. Manasse, and R. Rovelli, European Economic Review, 39:5, 1995.

Murphy, Robert, "Explaining the Term Structure of Interest Rates: A Panel Data Approach," with Scott Mayfield, Journal of Economics and Business, 1996.

_____, "The Long-run Relationship between Saving and Investment: Stylized Fact or Fiction?" with John Barkoulas and Alpay Filiztekin, Applied Economics Letters, 1996.

_____, "Macroeconomic Policy Implications of Oil in Colombia," in Colombia: An Opening Economy, F. Gunter, ed., 1996.

_____, "Household Debt and Consumer Spending," Business Economics, 1998.

_____, "Accounting for the Decline in the NAIRU," Business Economics, 1999.

Ng, Serena, "The Risky Spread, Investment, and Monetary Policy Transmission: Evidence on the Role of Asymmetric Information," with Huntley Schaller, Review of Economics and Statistics, 78, 375-383, 1996.

_____, "Excess Sensitivity and Asymmetries in Consumption," with A. Lusardi and R. Garcia, Journal of Money, Credit and Banking, 29:2, 154-176, 1997.

Schiantarelli, Fabio, "Production Smoothing, Firms' Heterogeneity, and Financial Constraints: Evidence from a Panel of UK Firms," with A. Guariglia, Oxford Economic Papers, 1998.

_____, "Variable Markups in a Model with Adjustment Costs: Econometric Evidence for U.S. Industry," with M. Galeotti, Oxford Bulletin of Economics and Statistics, 60:2, 1998.

_____, "Does Financial Reform Raise or Reduce Saving?" with O. Bandiera, G. Caprio Jr. and P. Honohan, Review of Economics and Statistics, 82, 239-263, 2000.

_____, "Monetary Instability, the Predictability of Prices and the Allocation of Investment: An Empirical Investigation using UK Panel Data," with P. Beaudry and M. Caglayan, American Economic Review, forthcoming.

Econometrics

Bai, Jushan, "Least Absolute Deviation Estimation of a Shift," Econometric Theory, 11, 403-436, 1995.

_____, "Testing for Parameter Constancy in Linear Regressions: an Empirical Distribution Function Approach," Econometrica, 64, 597-622, 1996.

_____, "Estimating Multiple Breaks One at a Time," Econometric Theory, 13, 315-352, 1997.

_____, "Estimation of a Change Point in Multiple Regressions," Review of Economics and Statistics, 551-563, 1997.

_____, "Testing for and Estimation of Multiple Structural Changes," with Pierre Perron, Econometrica, 66, 47-79, 1998.

_____, "A Note on Spurious Breaks and Changes in Cointegrating Relationships," Econometric Theory, 14, 663-669, 1998.

_____, "Testing for and Dating Common Breaks in Stationary and Nonstationary Multiple Time Series," with Robin Lumsdaine and James Stock, Review of Economic Studies, 65, 395-432, 1998.

_____, "Multiple-Regime Regression with Least Absolute Deviation Estimation," Journal of Statistical Planning and Inference, 74, 103-134, 1998.

Belsley, David, "The Relative Power of Zero-Padding when Testing for Serial Correlation Using Artificial Regressions," Computational Economics, 9, 181-198, 1996.

_____, "Doing Monte Carlo Studies using Mathematica," in Economic and Financial Modeling with Mathematica, Vol. II, H. Varian, ed., New York: Springer-Verlag, 1996.

_____, "Generating Random Numbers in Mathematica," in Computational Approaches to Economic Problems, Hans Amman, BerŤ Rźstem, and Andrew Whinston, eds., New York: Springer-Verlag, 1996.

_____, "A Small-Sample Correction for Testing for g-th Order Serial Correlation with Artificial Regressions," Computational Economics, 10, 197-229, 1997.

_____, "Conditioning Diagnostics," invited entry for the Encyclopedia of Statistical Science: Upgrade Volume 1, 148-155, 1997.

_____, "Mathematica as an Environment for Doing Economics and Econometrics," Computational Economics, 14, 69-87, 1999.

Gottschalk, Peter, "The Loss in Efficiency from Using Grouped Data to Estimate Coefficients on Group Level Variables," with Kathleen Lang, Computational Economics, 1996.

Lewbel, Arthur, "Consistent Nonparametric Hypothesis Testing with an Application to Slutsky Symmetry," Journal of Econometrics, 67, 379-401, 1995.

_____, "Tax Reform and Welfare Measurement: Do We Need Demand System Estimation"," with James Banks and Richard Blundell, Economic Journal, 106:438, 1227-1241, 1996.

_____, "Demand Estimation With Measurement Errors on the Left and Right Hand Side," Review of Economics and Statistics, 78:4, 718-725, 1996.

_____, "Semiparametric Estimation of Location and Other Discrete Choice Moments," Econometric Theory, 13:1, 32-51, 1997.

_____, "Consumer Demand Systems and Household Equivalence Scales," in Handbook of Applied Econometrics: Microeconomics, Hashem Pesaran and Peter Schmidt, eds., Oxford: Basil Blackwell, 1997.

_____, "Quadratic Engel Curves and Consumer Demand," with James Banks and Richard Blundell, Review of Economics and Statistics, 79, 527-539, 1997.

_____, "Constructing Instruments for Regressions with Measurement Error When No Additional Data are Available, with an Application to Patents and R&D," Econometrica, 65:5, 1201-1213, 1997.

_____, "Semiparametric Latent Variable Model Estimation with Endogenous or Mismeasured Regressors," Econometrica, 66:1, 105-121, 1998.

_____, "Semiparametric Qualitative Response Model Estimation with Unknown Heteroskedasticity or Instrumental Variables," Journal of Econometrics, 97:1, 145-177, 2000.

_____, "Demand Systems With and Without Errors," American Economic Review, forthcoming.

_____, "Identification of the Binary Choice Model with Misclassification," Econometric Theory, forthcoming.

Ng, Serena, "Unit Root Tests in ARMA Models with Data Dependent Methods for the Truncation Lag," with P. Perron, Journal of the American Statistical Association, 429, 268-281, 1995.

_____, "Testing for Homogeneity in Demand Systems with Integrated Regressors," Journal of Applied Econometrics, 10, 147-164, 1995.

_____, "Testing for Unit Roots in Flow Data Sampled at Different Frequencies," Economics Letters, 47, 237-242, 1995.

_____, "Looking for Evidence of Speculative Stockholding in Commodity Markets," Journal of Economic Dynamics and Control, 20, 123-144, 1996.

_____, "The Exact Error of the Spectral Density at the Origin," with P. Perron, Journal of Time Series Analysis, 17, 379-408, 1996.

_____, "Useful Modifications to Unit Root Tests with Dependent Errors and their Local Asymptotic Properties," with P. Perron, Review of Economic Studies, 63, 435-464, 1996.

_____, "Estimation and Inference in Nearly Unbalanced Nearly Cointegrated Systems," with P. Perron, Journal of Econometrics, 79, 54-81, 1997.

_____, "Properties of the Autoregressive Spectral Density Estimator at Frequency Zero in ARIMA Processes," with P. Perron, Econometric Theory, 14, 560-603, 1998.

_____, "Parametric and Non-parametric Approaches to Price and Tax Policy Reform," with Angus Deaton, Journal of the American Statistical Association, 93, 900-909, 1998.

_____, "A Semi-Parametric Factor Model for Interest Rates and Spreads," with Eric Ghysels, Review of Economics and Statistics, 80, 489-502, 1998.

_____, "Testing for ARCH in the Presence of a Possibly Misspecified Mean," with R. L. Lumsdaine, Journal of Econometrics, 93, 257-280, 1999.

_____, "Estimating the Rational Expectations Model of Speculative Storage: A Monte Carlo Comparison of Three Simulation Estimators," with A. Michaelides, Journal of Econometrics, 96, 231-266, 2000.

_____, "Explaining the Persistence of Commodity Prices," with F. Ruge-Murcia, Computational Economics, forthcoming.

_____, "A Systematic Framework for Analysing the Dynamic Effects of Permanent and Transitory Shocks," with J. Gonzalo, Journal of Economic Dynamics and Control, forthcoming.

Development Economics

Cox, Donald, "Private Transfers and the Effectiveness of Public Income Redistribution in the Philippines," with Emmanuel Jimenez, in D. van de Walle and K. Nead, eds., Public Spending and the Poor: Theory and Evidence, Johns Hopkins University Press, 1995.

_____, "Family Safety Nets and Economic Transition: A Study of Worker Households in Poland," with Emmanuel Jimenez and Wlodek Okrasa, Review of Income and Wealth, 43:2, 129-167, 1997.

______, "Family Safety Nets During Economic Transition: A Study of Inter-household Transfers in Russia," with Zekeriya Eser and Emmanuel Jimenez, Poverty, Policy and Responses: The Russian Federation in Transition, J. Klugman, ed., Washington, DC: The World Bank, 1997.

______, "Motives for Private Transfers Over the Life-Cycle: An Analytical Framework and Evidence for Peru," with Zekeriya Eser and Emmanuel Jimenez, Journal of Development Economics, 55, 57-80, 1998.

______, "Risk Sharing and Private Transfers: What About Urban Households?" with Emmanuel Jimenez, Economic Development and Cultural Change, 46, 1998.

______, "Private Transfers in Vietnam," with James Fetzer and Emmanuel Jimenez, in Household Welfare and Vietnam's Transition to a Market Economy, D. Dollar, P. Glewwe and J. Litvack, eds., Washington, DC: The World Bank, forthcoming.

Marcouiller, Douglas, "The Black Hole of Graft: The Predatory State and the Informal Economy," with Leslie Young, American Economic Review, 85:3, 630-646,1995.

______, "Putting in Politics: A Review of Economic Models with Endogenous Determination of Policy," Forum for Social Economics, 25:1, 37-52, Fall 1995.

______, "The God of the Poor: Economics and Religion in Latin America," Forum for Social Economics, Spring 1996.

_____, "Formal Measures of the Informal-Sector Wage Gap in Mexico, El Salvador, and Peru," with Veronica Ru’z de Castilla and Christopher Woodruff, Economic Development and Cultural Change, 45:2, 367-392, January 1997.

Schiantarelli, Fabio, "Capital Market Imperfections Before and After Financial Liberalization: An Euler Equation Approach to Panel Data for Ecuadorian Firms," with F. Jaramillo and A. Weiss, Journal of Development Economics, 51, 367-386,1996.

Health, Education and Welfare

Gottschalk, Peter, "Is the Correlation in Welfare Participation across Generations Spurious"," Journal of Public Economics, 63, 1996.

Quinn, Joseph, "Social Security Reform: Marginal or Fundamental Change?" Journal of the American Society of CLU & ChFC, July 1997.

______, "Economic Implications of an Aging Society," Review of Income and Wealth, 511-520, 1997.

______, "Criteria for Social Security Reform," in Prospects for Social Security Reform, Olivia Mitchell, Robert Myers and Howard Young, eds., Philadelphia: University of Pennsylvania Press, 1998.

Segal, Uzi, "Criminal Law and Behavioral Law and Economics: Observations on the Neglected Role of Uncertainty in Deterring Crime," with Alon Harel, American Law and Economics Review, 1, 276-312, 2000.

Industrial Organization

Gollop, Frank M., "The Pin Factory Revisited: Product Diversification and Productivity Growth," Review of Industrial Organization, 12, 317-334, 1997.

_____, "From Total Factor to Total Resource Productivity: An Application to Agriculture," with Gregory Swinand, American Journal of Agricultural Economics, 80, 1998.

_____, Productivity and U.S. Economic Growth (Greek language edition), with Dale Jorgenson and Barbara Fraumeni, Gutenberg University Press, 1999.

_____, "Patterns of State Productivity Growth in the U.S. Farm Sector: Linking State and Aggregate Models," with V. Eldon Ball, Alison Kelly-Hawke, and Gregory Swinand, American Journal of Agricultural Economics, 81, 164-179, 1999.

_____, "Total Resource Productivity: Accounting for Changing Environmental Quality," with Gregory Swinand, in New Developments in Productivity Analysis: Conference on Research in Income and Wealth, Edwin Dean, Michael Harper, and Charles Hulten, eds., forthcoming.

_____, "The Cost of Capital and the Measurement of Productivity," in Issues in Measuring Productivity Growth, Lawrence Lau, ed., forthcoming.

_____, "The Effect of Ground Water Regulation on Productivity Growth in the Farm Sector," with Kelly Chaston, in Productivity Measurement and Analysis, U.S. Agriculture, George Norton and Eldon Ball, eds., forthcoming.

Konishi, Hideo, "Stable Cartels with a Cournot Fringe in a Symmetric Oligopoly," with Ping Lin, Keio Economic Studies, 36, 1-10, 1999.

International Economics

Anderson, James, "Domestic Distortions and International Trade," with Peter Neary, International Economic Review, 36, 139-158, February 1995.

_____, "Tariff Index Theory," Review of International Economics, 3, 156-173, 1995.

_____, "A New Approach to Evaluating Trade Policy," with Peter Neary, Review of Economic Studies, 63, 107-125, 1996.

_____, "Effective Protection Redux," Journal of International Economics, 44, 21-44, 1998.

_____, "The Uruguay Round and Welfare in Some Distorted Agricultural Economies," Journal of Development Economics, 56, 393-410, 1998.

_____, "Trade Restrictiveness Benchmarks," Economic Journal, 108, 1111-1125, 1998.

______, "Trade Reform with a Government Budget Constraint," in Trade Policy and the Pacific Rim, J. Piggott and A. Woodland, eds., Macmillan for the International Economic Association, 1999.

_____, "Why Do Nations Trade (So Little)," Pacific Economic Review, forthcoming.

_____, "Trade Reform Diagnostics with Many Households, Quotas and Tariffs," Review of International Economics, forthcoming.

Baum, Christopher F., "A Model of Tied and Untied Foreign Aid: A Theoretical and Empirical Analysis," with Mak Arvin, Keio Economic Studies, 34:2, 71-79, 1997.

Konishi, Hideo, "Endogenous Trade Policy under Foreign Direct Investment," with Kamal Saggi and Shlomo Weber, Journal of International Economics, 47, 939-958, 1999.

Labor Economics

Butcher, Kristin, "Immigration and the Wages and Employment of U.S.-born Workers in New Jersey," with Anne M. Piehl, Keys to Successful Immigration: Implications of the New Jersey Experience, Thomas Espenshade, ed., Urban Institute Press, 1997.

______, "Cross-City Evidence on the Relationship Between Immigration and Crime," with Anne Piehl, Journal of Policy Analysis and Management, 17:3, 1998.

______, "Recent Immigrants: Unexpected Implications for Crime and Incarceration," with Anne Piehl, Industrial and Labor Relations Review, 51:4, 1998.

______, "An Investigation of the Effect of Immigration on the Labor Market Outcomes of African-Americans," Help or Hindrance: the Economic Implications of Immigration for African-Americans, Daniel Hamermesh and Frank Bean, eds., New York: Russell Sage, 1998.

Cox, Donald, "Discussion of Davies" "Explaining Intergenerational Transfers,?" in Household and Family Economics, P. Menchik, ed., Boston: Kluwer Academic Publishers, 1996.

Gottschalk, Peter, "The Impact of Cohort Composition on School Enrollments," with Rachel Connelly, Journal of Labor Economics, January 1995.

_____, America Unequal, with Sheldon Danziger, Harvard University Press and Russell Sage Foundation Press, 1995.

_____, "Inequality, Income Growth and Mobility: the Basic Facts," Journal of Economic Perspectives, Spring 1997.

_____, "Cross-National Comparisons of Earnings and Income Inequality," with Timothy Smeeding, Journal of Economic Literature, 35:2, 1997.

_____, "An Analysis of Sample Attrition in Panel Data: the Michigan Panel of Income Dynamics," with John Fitzgerald and Robert Moffitt, Journal of Human Resources, 33:2, 251-299, 1998.

_____, "An Analysis of the Impact of Sample Attrition on the Second Generation of Respondents in the Michigan Panel of Income Dynamics," with John Fitzgerald and Robert Moffitt, Journal of Human Resources, 33:2, 300-344, 1998.

______, "Family Income Mobility-How Much is There and Has It Changed?" with Sheldon Danziger, in The Inequality Paradox: Growth of Income Disparity, James Auerbach and Richard Belous, eds., Washington, DC: National Policy Association, 1998.

______, "The Impact of Changes in Public Employment on Low Wage Labor Markets," in Generating Jobs: How to Increase Demand for Less-Skilled Workers, edited with Richard Freeman, New York: Russell Sage Foundation Press, 1998.

_____, "Cross-National Differences in the Rise in Earnings Inequality"Market and Institutional Forces," with Mary Joyce, Review of Economics and Statistics, 1999.

_____, "Changes in Job Instability and Insecurity Using Monthly Survey Data," with Robert Moffitt, Journal of Labor Economics, 17, S91-S126, 1999.

_____, "Sample Attrition in Panel Data: The Role of Selection on Observables," with Robert Moffitt and John Fitzgerald, Annales d'Economie et de Statistique, 55-56, 129-152, 1999.

McLaughlin, Francis, "The Replacement of the Knights of Labor by the International Longshoremen's Association in the Port of Boston," Historical Journal of Massachusetts, 26:1, 27-45, 1998.

_____, "The Boston Longshoremen's Strike of 1931," Historical Journal of Massachusetts, 26:2, 1998.

Quinn, Joseph, "The Labour Market and Older Workers: United States," in The Labour Market and Older Workers, John Blackwell, ed., Social Policy Studies No. 17, Paris: OECD, 1995.

______, "Towards Pro-Work Policies and Programs for Older Americans," with Scott Bass and Richard Burkhauser, in Active and Aging: How Americans Over 55 Are Contributing to Society, Scott Bass, ed., New Haven: Yale University Press, 1995.

______, "The Roles of Bridge Jobs in the Retirement Transition: Gender, Race, and Ethnicity," with Michael Kozy, The Gerontologist, 36:3, 1996.

______, "Does Social Security Discourage Work?" with Jill Quadagno, in Retirement in the 21st Century, Eric Kingson and James Schulz, eds., New York: Oxford University Press, 1997.

______, "Cross-National Patterns of Labor Force Withdrawal," with Timothy Smeeding, in The State of Social Welfare, Peter Flora, Philip deJong, Julian le Grand and Jun-Young Kim, eds., Aldershot, UK: Ashgate Publishing Ltd., 1998.

______, "Employment and the Elderly," The Gerontologist, 1998.

______, "Retirement Patterns and Bridge Jobs in the 1990s," Employee Benefit Research Institute Policy Brief No. 206, Washington, DC:EBRI, 1999.

______, "New Paths to Retirement," in Forecasting Retirement Needs and Retirement Wealth, Brett Hammond, Olivia Mitchell and Anna Rappaport, eds., Philadelphia, PA: University of Pennsylvania Press, 1999.

______, "The Labour Market, Retirement and Disability," Australian Social Policy, 133-162, 1999.

______, "The Effects of Pensions on Labor Markets and Retirement," with Robert L. Clark, in ERISA After 25 Years: A Framework for Evaluating Pension Reform, William Gale, David Warshawsky and John Shoven, eds., Washington, DC: Brookings Institution Press, forthcoming.

Monetary Economics and Finance

Baum, Christopher F., "Time-Varying Risk Premia in the Foreign Currency Futures Basis," with John Barkoulas, Journal of Futures Markets, 16:7, 735-755, 1996.

______, "Long Term Dependence in Stock Returns," with John Barkoulas, Economics Letters, 53:3, 253-259, 1996.

______, "Fractional Differencing Modeling and Forecasting of Eurocurrency Deposit Rates," with John Barkoulas, Journal of Financial Research, 20:3, 355-372, 1997.

______, "Factor-GARCH Modeling of the Treasury Term Structure," with Basma Bekdache, in Computational Approaches to Economic Problems, A. Whinston, ed., Dordrecht: Kluwer Academic Publishers, 1997.

______, "A Re-examination of the Fragility of Evidence from Cointegration-Based Tests of Foreign Exchange Market Efficiency," with John Barkoulas, Applied Financial Economics, 7, 635-643, 1997.

______, "A Nonparametric Investigation of the 90-Day T-Bill Rate," with John Barkoulas and Joseph Onochie, Review of Financial Economics, 6:2, 187-198, 1997.

______, "Long Memory and Forecasting in Euroyen Deposit Rates," with John Barkoulas, Financial Engineering and the Japanese Markets, 4,189-201, 1997.

______, "Fractional Dynamics in Japanese Financial Time Series," with John Barkoulas, Pacific-Basin Finance Journal, 6:1-2, 115-124, 1998.

______, "Stochastic Long Memory in Traded Goods Prices," with John Barkoulas and Gurkan Oguz, Applied Economics Letters, 5, 135-138, 1998.

______, "Modelling Federal Reserve Discount Policy," with Meral Karasulu, Computational Economics, 11, 53-70, 1998.

______, "Persistence in International Inflation Rates," with John Barkoulas and Mustafa Caglayan, Southern Economic Journal, 65:4, 900-913, 1999.

______, "Fractional Monetary Dynamics," with John Barkoulas and Mustafa Caglayan, Applied Economics, 31, 1393-1400, 1999.

______, "Long Memory or Structural Breaks: Can Either Explain Nonstationary Real Exchange Rates under the Current Float?" with John Barkoulas and Mustafa Caglayan, Journal of International Financial Markets, Institutions, and Money, 9, 359-376, 1999.

______, "Long Memory in the Greek Stock Market," with John Barkoulas and Nickolaos Travlos, Applied Financial Economics, 10, 177-184, 2000.

______, "Nonlinear Adjustment to Purchasing Power Parity in the post-Bretton Woods Era," with John Barkoulas and Mustafa Caglayan, Journal of International Money and Finance, forthcoming April 2001.

Ghironi, Fabio, "European Monetary Unification: The Challenges Ahead," with Barry Eichengreen, in Monetary Reform in Europe, F. Torres, ed., Lisbon: Universidade Cátolica Editora, 1996.

_____, "Out in the Sunshine" Outsiders, Insiders, and the United States in 1998," with Francesco Giavazzi, in Quo Vadis Europe", H. Siebert, ed., Tźbingen: J.C.B. Mohr, 1997.

_____, "Policy Implications of the Size of EMU for Europe and the United States," with Francesco Giavazzi, in EMU and the International Monetary System, P.R. Masson, T.H. Krueger and B.G. Turtelboom, eds., Washington, DC: International Monetary Fund, 1997.

_____, "How Will Transatlantic Policy Interactions Change with the Advent of EMU?" with Barry Eichengreen, in European Monetary Unification: Theory, Practice, and Analysis, B. Eichengreen, ed., Cambridge, MA: MIT Press, 1997.

_____, "European Monetary Unification and International Monetary Cooperation," with Barry Eichengreen, in Transatlantic Economic Relations in the Post-Cold War Era, B. Eichengreen, ed., Washington, DC: Brookings Institution Press, 1998.

_____, "Currency Areas, International Monetary Regimes, and the Employment-Inflation Tradeoff," with Francesco Giavazzi, Journal of International Economics, 45, 259-296, 1998.

Ireland, Peter, "Endogenous Financial Innovation and the Demand for Money," Journal of Money, Credit, and Banking, 27:1, 107-123, 1995.

_____, "Liquidity Effects and Transactions Technologies," with Michael Dotsey, Journal of Money, Credit, and Banking, 27:4, pt. 2, 1441-1456, 1995.

_____, "The Welfare Cost of Inflation in General Equilibrium," with Michael Dotsey, Journal of Monetary Economics, 1996.

_____, "The Role of Countercyclical Monetary Policy," Journal of Political Economy, 104:4, 704-723, 1996.

_____, "The Optimal Monetary Response to Technology Shocks," Economic Inquiry, 1997.

_____, "Sustainable Monetary Policies," Journal of Economic Dynamics and Control, 22:1, 87-108, 1997.

_____, "Stopping Inflations, Big and Small," Journal of Money, Credit, and Banking, 29:4, pt. 2, 759-775, 1997.

_____, "A Small, Structural, Quarterly Model for Monetary Policy Evaluation," Carnegie-Rochester Conference Series on Public Policy, 47, 83-108, 1997.

_____, "Alternative Nominal Anchors," Canadian Journal of Economics, 1998.

_____, "Does the Time-Consistency Problem Explain the Behavior of Inflation in the United States?" Journal of Monetary Economics, 44, 279-291, 1999.

_____, "Expectations, Credibility, and Time-Consistent Monetary Policy," Macroeconomic Dynamics, forthcoming.

_____, "Interest Rates, Inflation, and Federal Reserve Policy Since 1980," Journal of Money, Credit and Banking, forthcoming.

_____, "Sticky-Price Models of the Business Cycle: Specification and Stability," Journal of Monetary Economics, forthcoming.

Schiantarelli, Fabio, "Financial Constraints and Investment: Methodological Issues and International Evidence," Oxford Review of Economic Policy, 70-89, 1996.

______, "Investment and Financial Constraints: A Switching Regression Approach for US Panel Data," with Xiaoqiang Hu, Review of Economics and Statistics, 80:3, 1998.

______, "Form of Ownership and Financial Constraints," with A. Sembenelli, Empirica, forthcoming.

Public Finance

Arnott, Richard, "William Vickrey: Contributions to Public Policy," International Tax and Public Finance, 5, 93-113, 1998.

Cox, Donald, "The Connection Between Public Transfers and Private Interfamily Transfers," with George Jakubson, Journal of Public Economics, 57, 129-167, 1995.

Konishi, Hideo, "A Pareto-Improving Commodity Tax Reform under a Smooth Nonlinear Income Tax," Journal of Public Economics, 56, 413-446, 1995.

_____, "Voting with Ballots and Feet: Existence of Equilibrium in a Local Public Good Economy," Journal of Economic Theory, 68, 480-509, 1996.

_____, "Equilibrium in Abstract Political Economies: with an Application to a Public Good Economy with Voting," Social Choice and Welfare, 13, 43-50, 1996.

_____, "Free Mobility Equilibrium in a Local Public Good Economy," with Michel Le Breton and Shlomo Weber, Research in Economics, 51, 19-30, 1997.

_____, "Equilibrium in a Finite Local Public Goods Economy," with Michel Le Breton and Shlomo Weber, Journal of Economic Theory, 79, 224-244, 1998.

Kraus, Marvin, "Self-Financing of Congestible Facilities in a Growing Economy," with Richard Arnott, in Topics in Public Economics, David Pines, Efraim Sadka and Itzhak Zilcha, eds., Cambridge University Press, 161-184, 1998.

_____, "When Are Anonymous Congestion Charges Consistent with Marginal Cost Pricing?" with Richard Arnott, Journal of Public Economics, 67, 45-64, 1998.

Quinn, Joseph, Entitlements and the Federal Budget: Securing Our Future, National Institute on Aging, Washington, D.C., May 1996.

Tresch, Richard W., Public Finance, revised edition, McGraw-Hill, forthcoming.

Real Estate Economics

Arnott, Richard, "Time for Revisionism on Rent Control?" Journal of Economic Perspectives, 9, 99-120, 1995.

_____,"Are Brokers' Commission Rates on Home Sales Too High" A Conceptual Analysis," with Paul Anglin, Real Estate Economics, 27, 719-749, 1999.

_____,"Rent Control, Mismatch Costs, and Search Efficiency," with Masahiro Igarashi, Regional Science and Urban Economics, 30, 249-288, 2000.

Murphy, Robert, "Reputation and the Real Estate Brokerage Contract," with Mak Arvin, Journal of Housing Economics, 1996.

_____,"Optimal Reputation and Selling Effort in Real Estate Brokerage Under Dynamic Conditions," with Mak Arvin, Kentucky Journal of Economics and Business, 1997.

Urban Economics

Arnott, Richard, "Information and Usage of Free-Access Congestible Facilities with Stochastic Capacity and Demand," with André de Palma and Robin Lindsey, International Economic Review, 37, 181-203, 1996.

_____, "Taxi Travel Should be Subsidized," Journal of Urban Economics, 40, 316-333, 1996.

_____, "A Filtering Model with Steady-State Housing," with Ralph Braid, Regional Science and Urban Economics, 27, 514-546, 1997.

_____, "Urban Spatial Structure," with Alex Anas and Kenneth Small, Journal of Economic Literature, 36, 1426-1464, 1998.

_____, "Information and Stochastic Capacity and Demand in the Bottleneck Model," with AndrŽ de Palma and Robin Lindsey, European Economic Review, 43, 523-548, 1999.

_____, "A General Equilibrium Spatial Model of Housing Quality and Quantity," with R. Braid, R. Davidson and D. Pines, Regional Science and Urban Economics, 29, 183-216, 1999.

_____, "Modeling Parking," with John Rowse, Journal of Urban Economics, 45, 97-124, 1999.

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Last updated: 04 August 2000