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Staff

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WORKING PAPERS

This is a list of RCER Working Papers from 1996 to the present. For a list of the papers from 1991 to 1995, click here . See below for ordering information.

[2003 | 2002 | 2001 |2000 |1999 |1998 |1997 |1996 ] 

#506 

         "Engines of Liberation - Additional Notes"

          Jeremy Greenwood and Ananth Seshadri , January 2004 PDF Version 

#505 

         "Non-Bayesian Updating : A Theoretical Framework"

          Larry G. Epstein and Alvaro Sandroni, December 2003 PDF Version 

#504 

         "A Theory of the Exchange Rates and the Term Structure of Interest Rates"

          Hyoung-Seok Lim and Masao Ogaki, November 2003 PDF Version 

#503 

         "Engines of Liberation"

          Jeremy Greenwood, Ananth Seshadri and Mehmet Yorukoglu, October 2003 PDF Version 

#502 

         "Structural Error Correction Models : Instrumental Variables Method and an Application

          to an Exchange Rate Model"

         Jaebeom Kim, Masao Ogaki and Minseok Young. October 2003 PDF Version 

#501 

         "Government Finance in the Wake of Currency Crises"

          Craig Burnside,  Martin Eichenbaum and Sergio Rebelo, May 2003 PDF Version 

#500

"Risk Taking by Entrepreneurs"

Hugo A. Hopenhayn and Galina Vereshchagina, April 2003. PDF Version

#499

"A Parsimonious Macroeconomic Model for Asset Pricing: Habit Formation or Cross-sectional Heterogeneity?"

Fatih Guvenen, March 2003. PDF Version

#498 

"An Axiomatic Model of non-Bayesian Updating," 

Larry Epstein, October 2002. PDF Version

#497 

"Learning under Ambiguity," 

Larry Epstein and Martin Schneider, October 2002. PDF Version

#496 

"IID: Independently and Indistinguishably Distributed," 

Larry Epstein and Martin Schneider, October 2002. PDF Version

#495 

"Pairwise Comparison Estimation of Censored Transformation Models," 

Shakeeb Khan and Elie Tamer, October 2002. PDF Version

#494 

"Individual Accountability in Teams," 

Leslie M. Marx and Francesco Squintani, June 2002. PDF Version

#493 

"Optimal Lending Contracts and Firm Dynamics," 

Rui Albuquerque and Hugo Hopenhayn, June 2002. PDF Version

#492 

"A Theory of Financing Constraints and Firm Dynamics," 

Gian Luca Clementi and Hugo Hopenhayn, June 2002. PDF Version

#491 

"Reconciling Conflicting Evidence on the Elasticity of Intertemporal Substitution: A Macroeconomic Perspective," 

M. Fatih Guvenen, May 2002. PDF Version

#490 

"Does Stockholding Provide Perfect Risk Sharing?," 

M. Fatih Guvenen, May 2002. PDF Version

#489 

"More on Mariage, fertility and the Distribution of Income," 

Jeremy Greenwood, Nezih Gunner and John A. Knowles, March 2002. PDF Version

#488 

"Mobility and the Return to Education: Testing a Roy Model with Multiple Markets," 

Gordon B. Dahl, February 2002. PDF Version

#487 

"The US Demographic Transition,"

Jeremy Greenwood and Ananth Seshadri, January 2002. PDF Version

#486 

"Why Are Rates of Inflation So Low After Large Devaluations?,"

Ariel Burstein, Martin Eichenbaum and Sergio Rebelo, January 2002. PDF Version

#485 

"Recursive Multiple-Priors,"

Larry G. Epstein and Martin Schneider, August 2001. PDF Version

#484 

"Backward induction and Model Deterioration,"

Francesco Squintani, July 2001. PDF Version

#483 

"A Theoretical and Empirical Study of Individual Perceptions of the Criminal Justice System," 

Lance Lochner, June 2001. PDF Version

#482 

"On the Fiscal Implications of Twin Crises," 

Craig Burnside, Martin Eichenbaum and Sergio T.Rebelo, May 2001. PDF Version

#481 

"Efficient Investment in Children,"

S.Rao Aiyagari, Jeremy Greenwood and Ananth Seshadri, May 2001. PDF Version

#480 

"A Few Humble Observations on Overconfidence and Equilibrium,"

Francesco Squintani, April 2001. PDF Version

#479 

"Equilibrium Unemployment,"

Joao Gomes, Jeremy Greenwood and Sergio Rebelo, February 2001. PDF Version

#478 

"Two-Person Dynamic Equilibrium under Ambiguity,"

Larry G. Epstein and Jianjun Miao, January 2001. PDF Version

#477 

"Optimal Contracts under Generalized Verifiability Correspondences,"

Francesco Squintani, January 2001. PDF Version

#476 

"Signaling Quality by Delaying Sales,"

Francesco Squintani, October 2000. PDF Version

#475 

"Accounting for Growth,"

Jeremy Greenwood and Boyan Jovanovic, July 2000. PDF Version

#474 

"Ambiguity, Risk and Asset Returns in Continuous Time,"

Zengjing Chen and Larry G. Epstein , July 2000. PDF Version

#473 

"Distribution Costs and Real Exchange Rate Dynamics During Exchange-Rate- Based-Stabilizations,"

Ariel T. Burstein, Joao C. Neves and Sergio Rebelo, May 2000. PDF Version

#472 

"Higher Education Subsidies and Heterogeneity, A Dynamic Analysis,"

Elizabeth M. Caucutt and Krishna B. Kumar, May 2000. PDF Version

#471 

"Macroeconomic Impacts of the Korean Financial Crisis: Comparison with the Cross-country Patterns,"

Jong-Wha Lee and Changyong Rhee, May 2000. PDF Version

#470 

"Measuring the Degree of Currency Misalignement Using Offshore Forward Exchange Rates: The Case of the Korean Financial Crisis,"

Daekun Park and Changyong Rhee, May 2000. PDF Version

#469 

"The Core of Large differentiable TU-Games,"

Larry G.Epstein and Massimo Marinacci, April 2000. PDF Version

#468 

"On the Fundamentals of Self-Fulfilling Speculative Attacks," 

Craig Burnside, Martin Eichenbaum and Sergio T.Rebelo, January 2000. PDF Version

#467 

"Resuscitating Real Business Cycles," 

Robert G.King and Sergio T.Rebelo, January 2000. PDF Version

#466 

"Women on Welfare: A Macroeconomic Analysis," 

Jeremy Greenwood, Nezih Guner and John A. Knowles, January 2000. PDF Version

#465 

"Education, Work, and Crime: Theory and Evidence," 

Lance Lochner, October 1999. PDF Version

#464 

"Are Probabilities Used in Markets?,"

Larry G.Epstein, August 1999. PDF Version

#463 

"Bidding Rings in repeated Auctions," 

Andrzej Skrzypacz and Hugo Hopenhayn, July 1999. PDF Version

#462 

"On the State of the Union," 

S.Rao Aiyagari, Jeremy Greenwood and Nezih Guner, June 1999. 

#461 

"Hedging and Financial Fragilities in Fixed Exchange Rate Regimes,"

Craig Burnside, Martin Eichenbaum and Sergio Rebelo, May 1999. PDF Version

#460 

"The IT Revolution and the Stock Market,"

Jeremy Greenwood and Boyan Jovanovic, January 1999. PDF Version

#459 

"The First Conferences on the Theory of Economic Growth," 

Lionel McKenzie, January 1999. PDF Version

#458 

"Prospective Deficits and the Asian Currency Crisis," 

Craig Burnside, Martin Eichenbaum, and Sergio Rebelo, November 1998. 

#457 

"Measuring the Rate of Technological Progress in Structures,"

Michael Gort, Jeremy Greenwood, and Peter Rupert, October 1998. 

#456 

"Subjective Probabilities On Subjectively Unambiguous Events,"

Larry G. Epstein and Jiankang Zhang, October 1998. PDF Version

#455 

"Economies With Public Goods: An Elementary Geometric Exposition,"

William Thomson, August 1998. 

#454 

"On The Dynamics of Trade Reform,"

Rui Albuquerque and Sergio Rebelo, July 1998 

#453 

"A Definition of Uncertainty Aversion,"

Epstein, Larry G., July 1998. PDF Version

#452 

"A Revelation Principle for Competing Mechanisms," 

Epstein, Larry G., and Michael Peters, July 1998. PDF Version

#451 

"Guidelines on Writing Referee Reports,"

William Thomson, July 1998. 

#450 

"Constrained Egalitarianism: A New Solution For Claims Problems,"

Chun, Youngsub, James Schummer, and William Thomson, July 1998. 

#449 

"The Role of Investment-Specific Technological Change in the Business Cycle"

Greenwood, Jeremy, Hercowitz, Zvi, Krusell, Per, May 1998. PDF Version

#448 

"Consistency and Its Converse: An Introduction,"

Thomson, William, February 1998. 

#447 

"Turnpikes,"

McKenzie, Lionel W., January 1998. 

#446 

"On the Axiomatic Method Part II: Its Scope and Recent Applications to Game Theory and Resource Allocation,"

Thomson, William, November 1997. 

#445 

"On the Axiomatic Method Part I: A User's Guide," 

Thomson, William , November 1997. 

#444 

"The Replacement Problem"

Cooley, Thomas F., Greenwood, Jeremy, and Mehmet Yorukoglu, August 1997. PDF Version

# 443 

"On the Determinants of Economic Growth"

Rebelo, Sergio, August 1997. 

#442 

"Semiparametric Efficient Estimation in Time Series"

Hodgson, Douglas J., August 1997. 

#441 

"What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms"

Rebelo, Sergio, August 1997. 

#440 

"The Bricks of an Empire 1415-1999: 585 Years of Portuguese Emigration"

das Neves, Joao Cesar, and Stanley L. Engerman, June 1997. 

#439 

"Optimal Dynamic Lending Contracts with Imperfect Enforceability,"

Albuquerque, Rui and Hugo A. Hopenhayn, April 1997. PDF Version

#438 

"Beyond Balanced Growth,"

Kongsamut, Piyabha, Sergio Rebelo and Danyang Xie, April 1997. 

#437 

"Skilled Labor-Augmenting Technical Progress in U.S. Manufacturing,"

Kahn, James A., and Jong-soo Lim, February 1997. 

#435 

"The Third Industrial Revolution,"

Greenwood, Jeremy, October 1996. Abstract

#434 

"Education, Political Instability, and Growth,"

Kahn, James A., October 1996. 

#433 

"Finite Horizons, Political Economy, and Growth,"

Kahn, James A., and Jong-Soo Lim, October 1996. 

#432 

"Vertical Markets in International Trade,"

Jones, Ronald W., October 1996. 

#431 

"Monotonic Extensions on Economic Domains,"

Thomson, William, September 1996. 

#430 

"Aggregate Employment Fluctuations with Microeconomic Asymmetries,"

Campbell, Jeffrey R.Campbell and Jonas D.M. Fisher, September 1996. 

#429 

"1974," 

Greenwood, Jeremy and Mehmet Yorukoglu, September 1996. Abstract

#428 

"What Inventory Behavior Tells Us About Business Cycles,"

Bills, Mark and James A. Kahn, September 1996. 

#427 

"On the Optimality of Interest Rate Smoothing,"

Rebelo, Sergio and Danyang Xie, September 1996. 

#426 

"A Strong Incompatibility Between Efficiency and Equity in Non-Convex Economies,"

Maniquet, François, August 1996. 

#425 

"Technology for Sale,"

Beladi, Hamid, Ronald W. Jones and Sugata Marjit, August 1996. 

#424 

"Assessing the Effects of School Resources on Student Performance: An Update,"

Hanushek, Eric A., August 1996. 

#423 

"Two Derivations of the Uniform Rule and an Application to Bankruptcy,"

Schummer, James and William Thomson, July 1996. 

#422 

"Policy Variability and Economic Growth," 

Hopenhayn, Hugo and Maria E. Muniagurria, July 1996. 

#421 

"Optimal Unemployment Insurance," 

Hopenhayn, Hugo and Juan Pablo Nicolini, July 1996. 

#420 

"Long-Run Implications of Investment Specific Technological Change,"

Greenwood, Jeremy, Zvi Hercowitz, and Per Krusell, June 1996. Abstract

#419 

"Collinearity and Two-step Estimatino of Sample Selection Models: Problems, Origins, and Remedies,"

Leung, Siu Fai and Shihti Yu, June 1996. 

#418 

"Consistent Allocation Rules,"

Thomson, William, June 1996. Abstract

#417 

"Writing Papers," 

Thomson, William, June 1996. 

#416 

"Robust Semiparametric Estimation in the Presence of Heterogeneity of Unknown Form,"

Hodgson, Douglas J., April 1996. 

#415 

"Macroeconomic Effects of Employment Reallocation,"

Campbell, Jeffrey R. and Kenneth N. Kuttner, March 1996. Abstract

#414 

"Matching Human Capital and Displacement,"

Chari, V.V. and Hugo A. Hopenhayn, February 1996. 

Ordering Information 

If you wish to order more than three papers, you must mail a paper form with payment. If you are ordering no more than your first three papers for this year, you may use either the paper form, or our electronic form . 
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