Working Papers

1992

EC-92-1 Lawrence J. White, "A Cautionary Tale of Deregulation Gone Awry: The S&L Debacle," January 1992.


EC-92-2 Nicholas Economides, "Network Externalities and Invitations to Enter," January 1992.


EC-92-3 Nicholas Economides and Susan Rose-Ackerman, "Differentiated Public Goods: Privatization and Optimality," January 1992.


EC-92-4 David K. Backus, "Interpreting Comovements in the Trade Balance and the Terms of Trade," February 1992.


EC-92-5 David K. Backus and Patrick J. Kehoe, "International Evidence on the Historical Properties of Business Cycles," February 1992.


EC-92-6 David K. Backus, Patrick Kehoe, and Finn Kydland, "Dynamics of the Trade Balance and the Terms of Trade: The J-Curve Revisited," February 1992.


EC-92-7 David K. Backus and Gregor W. Smith, "Consumption and Real Exchange Rates in Dynamic Exchange Economies with Nontraded Goods," February 1992.


EC-92-8 Angelos A. Antzoulatos, "Borrowing Constraints, Income Expectations and The Euler Equation: Theoretical and Empirical Analysis," March 1992.


EC-92-9 Eran Yashiv, "Inflation, Wages and the Role of Money Under Discretion and Rules: A New Interpretation," March 1992.

subsequently published in Economic Letters, Vol. 45, July 1994, pp. 323-327


EC-92-10 Eran Yashiv, "Sustainable Stabilization Policies and Private Sector Optimal Behaviour," March 1992.


EC-92-11 Martin D. Evans and Karen K. Lewis, "Do Stationary Risk Premia Explain It All? Evidence from the Term Structure," March 1992.


EC-92-12 Martin Evans and Paul Wachtel, "Were Price Changes during the Great Depression Anticipated? Evidence from Nominal Interest Rates," March 1992.


EC-92-13 Martin D. Evans and Karen K. Lewis, "Peso Problems and Heterogeneous Trading: Evidence from Excess Returns in Foreign Exchange and Euromarkets," March 1992.


EC-92-14 Martin D. Evans, "Expected Returns, Time-Varying Risk and Risk Premia," March 1992.
 


EC-92-15 Angelos A. Antzoulatos, "Credit Rationing and Rational Behavior: Theory and Evidence," April 1992.

subsequently published in the Journal of Money, Credit and Banking, Vol. 26, No. 2, May 1994, pp. 182-202


EC-92-16 Martin D. Evans and James R. Lothian, "The Response of Exchange Rates to Permanent and Transitory Shocks under Floating Exchange Rates," April 1992.


EC-92-17 Martin D. Evans, "The Changing Nature of the Output-Inflation Trade-off," April 1992.


EC-92-18a David K. Backus and Allan W. Gregory, "Theoretical Relations Between Risk Premiums and Conditional Variances," April 1992.


EC-92-18b David K. Backus, Allan W. Gregory, and Chris I. Telmer, "Accounting for Forward Rates in Markets for Foreign Currency," April 1992.


EC-92-19 Lawrence J. White, "Change and Turmoil in U.S. Banking: Causes, Consequences, and Lessons," May 1992.


EC-92-20 Martin D. Evans and Karen K. Lewis, "Trends in Expected Returns in Currency and Bond Markets," May 1992.


EC-92-21 Eran Yashiv, "On the Causes of High Unemployment: Lessons from the Israeli Experience," June 1992.


EC-92-22 Martin D. Evans and Karen K. Lewis, "Do Expected Shifts in Inflation Policy Affect Real Rates?" June 1992.


EC-92-23 Nicholas Economides, "Hotelling's `Main Street’ With More Than Two Competitors," July 1992.


EC-92-24 Angelos A. Antzoulatos, "Borrowing, Saving, and Aggregate Dynamics," August 1992.


EC-92-25 David K. Backus, Patrick J. Kehoe, and Finn E. Kydland, "Relative Price Movements in Dynamic General Equilibrium Models of International Trade," August 1992.


EC-92-26 Replaced by EC-93-20 William H. Greene, "Frontier Production Functions," September 1993.


EC-92-27 William Greene, Laura Greene Knapp and Terry G. Seaks, "Estimating the Functional Form of the Independent Variables in Probit Models," September 1992.


EC-92-28 Jiawen Yang, "Exchange Rate Pass-Through in U.S. Manufacturing Industries," October 1992.


EC-92-29 William H. Greene, "A Statistical Model for Credit Scoring," October 1992.


EC-92-30 Lawrence J. White and Michael Rothschild, "Some Simple Analytics of the Pricing of Higher Education," November 1992.


EC-92-31 Nicholas S. Economides and Glenn A. Woroch, "Benefits and Pitfalls of Network Interconnection," November 1992.


EC-92-32 Martin D. Evans and Karen K. Lewis, "Trends in Excess Returns in Currency and Bond Markets," December 1992.