NYU Stern

Working Papers

1993

The Community Reinvestment Act: Good Intentions Headed in the Wrong Direction, by Lawrence J. White, Working Paper EC-93-01, Stern School of Business, N.Y.U.


Estimating General Markov Switching Models, by Martin D.D. Evans, Working Paper EC-93-02, Stern School of Business, N.Y.U.


Improving Short-Run Macroeconomic Forecasts: The "Contribution" of a Borrowing-Constrained Representative Agent, by Angelos A. Antzoulatos, Working Paper EC-93-03, Stern School of Business, N.Y.U.

subsequently published in the International Journal of Forecasting, Vol. 12, No. 4, December 1996, pp. 439-453, with new title "Consumer Credit and Consumption Forecasts"


Long-Memory Inflation Uncertainty: Evidence from the Term Structure of Interest Rates, by David K. Backus, Working Paper EC-93-04, Stern School of Business, N.Y.U.


The Rationality of the OECD Foreign-Balance Forecasts, by Angelos A. Antzoulatos, Working Paper EC-93-05, Stern School of Business, N.Y.U.

subsequently published in the International Journal of Forecasting, Vol. 10, December 1994, pp. 435-443.


Do Expected Shifts in Inflation Affect Estimates of the Long-Run Fisher Relation? by Martin D.D. Evans and Karen K. Lewis, Working Paper EC-93-06, Stern School of Business, N.Y.U.


Competition Policy in the United States: An Overview, by Lawrence J. White, Working Paper EC-93-07, Stern School of Business, N.Y.U.


Anti Tax Revolutions, Hyperinflation and Symbolic Prosecutions, by Holger C. Wolf, Working Paper EC-93-08, Stern School of Business, N.Y.U.


The Benefits of Franchising and Vertical Disintergration in Monopolistic Competition for Locationally Differentiated Products, by Nicholas Economides, Working Paper EC-93-09, Stern School of Business, N.Y.U. [Abstract] [Postscript ~338K] [Zipped ~68K] [Acrobat ~144K]


The Economics of Disintegration in the Former Soviet Union, by Holger C. Wolf, Working Paper EC-93-10, Stern School of Business, N.Y.U.


Postwar Germany in the European Context: Domestic and External Determinants of Growth, by Holger C. Wolf, Working Paper EC-93-11, Stern School of Business, N.Y.U.


Do Long-Term Swings in the Dollar Affect Estimates of the Risk Premia? by Martin D.D. Evans and Karen K. Lewis, Working Paper EC-93-12, Stern School of Business, N.Y.U.


Measuring Current and Anticipated Future Credit Estimates for Brady Bonds, by Robert E. Cumby and Martin D.D. Evans, Working Paper EC-93-13, Stern School of Business, N.Y.U.


One-Way Networks, Two-Way Networks, Compatibility, and Antitrust, by Nicholas Economides and Lawrence J. White, Discussion Paper EC-93-14, Stern School of Business. [Abstract] [Postscript ~1102K] [Zipped ~191K] [Acrobat ~409K]


Higher Education in New York: Portrait of an Industry, by Paul Wachtel, Working Paper EC-93-15, Stern School of Business, N.Y.U.


Hysteresis in Perspective: A Discussion of Dixit's "Hysteresis and the Durations of the J-Curve," by David K. Backus, Working Paper EC-93-16, Stern School of Business, N.Y.U.


International Evidence on Tradables and Nontradables Inflation, by Jose De Gregorio, Alberto Giovannini, and Holger C. Wolf, Working Paper EC-93-17, Stern School of Business, N.Y.U.


Proposal to the Bank of Greece on the Organization of the Secondary Market for Greek State Bills, Notes, and Bonds, by Nicholas Economides, Working Paper EC-93-18, Stern School of Business, N.Y.U. [Abstract] [Postscript ~297K] [Zipped ~50K] [Acrobat ~91K]


Electronic Call Market Trading, by Nicholas Economides and Robert A. Schwartz, Working Paper EC-93-19, Stern School of Business, N.Y.U., Journal of Portfolio Management, vol. 21, no. 3, pp. 10-18, (Spring 1995). [Abstract] [Postscript ~127K] [Zipped ~32K] [Acrobat ~74K]


Frontier Production Functions, by William H. Greene, Working Paper EC-93-20, Stern School of Business, N.Y.U.


International Business Cycles: Theory and Evidence, by David K. Backus, Patrick J. Kehoe, and Finn E. Kydland, Working Paper EC-93-21, Stern School of Business, N.Y.U.


East German Economic Reconstruction, by Rudiger Dornbusch and Holger C. Wolf, Working Paper EC-93-22, Stern School of Business, N.Y.U.


The Political Economy of Branching Restrictions and Deposit Insurance: A Model of Monopolistic Competition Among Small and Large Banks, by Nicholas Economides, R. Glen Hubbard, and Darius Palia, Working Paper EC-93-23, Stern School of Business, N.Y.U., forthcoming, Journal of Law and Economics (October 1996) [Abstract]


Designing an Optimal Privatization Plan for Restructuring Firms and Industries in Transition, by Barbara G. Katz and Joel Owen, Working Paper EC-93-24, Stern School of Business, N.Y.U. subsequently published in the Journal of Comparative Economics, Vol. 21, No.1 (August 1995), pp.1-28


The Japanese Trade Balance: Recent History and Future Prospects, by David K. Backus, Working Paper EC-93-25, Stern School of Business, N.Y.U.


International Regulation of Securities Markets: Harmonization or Competition? by Lawrence J. White, Working Paper EC-93-26, Stern School of Business, N.Y.U.


The Response Function of the Central Bank of Israel with Respect to Foreign Exchange 1991-1992, by Gideon Fishelson, Working Paper EC-93-27, Stern School of Business, N.Y.U.


Borrowed Reserves and Deposit Variation: The Effectiveness of Federal Reserve Operating Methods, by Michael L. Tindall, Working Paper EC-93-28, Stern School of Business, N.Y.U.


Mixed Bundling in Duopoly, by Nicholas Economides, Working Paper EC-93-29, Stern School of Business, N.Y.U. [Abstract] [Postscript ~172K] [Zipped ~33K] [Acrobat ~53K]


Downstream Vertical Foreclosure, Upstream R&D Rivalry, and the Japanese Keiretsu, by Chris Stefanadis, Working Paper EC-93-30, Stern School of Business, N.Y.U.


Is Mixed Bundling an Incentive for Vertical Integration? by Chris Stefanadis, Working Paper EC-93-31, Stern School of Business, N.Y.U.