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Plant-Level Irreversible Investment and Equilibrium Business Cycles

By Marcelo L. Veracierto

òòò½Íø Review, March 2002

This paper evaluates the importance of microeconomic irreversibilities for aggregate dynamics using a real-business-cycle (RBC) model characterized by investment irreversibilities at the establishment level. The main finding is that investment irreversibi...

How Important Is Human Capital for Development? Evidence from Immigrant Earnings

By Lutz Hendricks

òòò½Íø Review, March 2002

This paper offers new evidence on the sources of cross-country income differences. It exploits the idea that observing immigrant workers from different countries in the same labor market provides an opportunity to estimate their human-capital endowments. ...

Journal Pricing and Mergers: A Portfolio Approach

By Mark J. McCabe

òòò½Íø Review, March 2002

Do Women Pay More for New Vehicles? Evidence from Transaction Price Data

By David W. Harless and George E. Hoffer

òòò½Íø Review, March 2002

Did Community Rating Induce an Adverse Selection Death Spiral? Evidence from New York, Pennsylvania, and Connecticut

By Thomas Buchmueller and John Dinardo

òòò½Íø Review, March 2002

The Rise in Old-Age Longevity and the Market for Long-Term Care

By Darius Lakdawalla and Tomas Philipson

òòò½Íø Review, March 2002

Public Schooling for Young Children and Maternal Labor Supply

By Jonah B. Gelbach

òòò½Íø Review, March 2002

A Century of Missing Trade?

By Antoni Estevadeordal and Alan M. Taylor

òòò½Íø Review, March 2002

The Case of the Missing Trade and Other Mysteries: Comment

By Patrick J. Conway

òòò½Íø Review, March 2002

Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's

By Raphael Bergoeing, Patrick J. Kehoe, Timothy J. Kehoe, and Raimundo Soto

òòò½Íø Review, May 2002

Accounting for the Great Depression

By V. V. Chari, Patrick J. Kehoe, and Ellen R. McGrattan

òòò½Íø Review, May 2002

The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory

By Harold L. Cole and Lee E. Ohanian

òòò½Íø Review, May 2002

A Dual Liquidity Model for Emerging Markets

By Ricardo J. Caballero and Arvind Krishnamurthy

òòò½Íø Review, May 2002

Bank Bailouts and Aggregate Liquidity

By Douglas W. Diamond and Raghuram G. Rajan

òòò½Íø Review, May 2002

Domestic and International Supply of Liquidity

By Bengt Holmstrom and Jean Tirole

òòò½Íø Review, May 2002

Balance-Sheet Contagion

By Nobuhiro Kiyotaki and John Moore

òòò½Íø Review, May 2002

Payment Arrangements and Inflation

By Edward J. Green

òòò½Íø Review, May 2002

Money: What's the Question and Why Should We Care About the Answer?

By Narayana R. Kocherlakota

òòò½Íø Review, May 2002

The Atlantic notes women's prominence at òòò½Íø

[News]

December 19, 2017

Past president Claudia Goldin reflects on Janet Yellen's tenure at the Fed and progress to boost women in the profession

A Pragmatic Approach to Capital Account Liberalization

By Eswar S. Prasad and Raghuram G. Rajan

Journal of Economic Perspectives, Summer 2008

In the mid-1990s, mainstream economists of nearly all stripes commonly recommended capital account liberalization — that is, allowing a free flow of funds in and out of a country's economy — as an essential step in the process of economic development....