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  • Wooders, Myrna H.; Page, Frank H. Jr. (Center for Applied Economics and Policy Research, 2009-02-24)
    Modeling club structures as bipartite directed networks, we formulate the problem of club formation as a noncooperative game of network formation and identify conditions on network formation rules and players' network ...
  • Tran, Chung; Jung, Juergen (Center for Applied Economics and Policy Research, 2007-11-13)
    We investigate the effects of extending the coverage of social security to uncovered elderly individuals in the informal sector in developing countries. We use a stochastic overlapping generations framework and incorporate ...
  • Tran, Chung; Jung, Juergen (Center for Applied Economics and Policy Research, 2007-10-25)
    We analyze whether a consumer driven health care plan like the newly established Health Savings Accounts (HSAs) can reduce health care expenditures in the United States and increase the fraction of the population with ...
  • Murray, James (Center for Applied Economics and Policy Research, 2008-06-13)
    This paper examines the empirical significance of learning, a type of adaptive, boundedly rational expectations, in the U.S. economy within the framework of the New Keynesian model. Two popular specifications of the model ...
  • Park, Seok Gil (Center for Applied Economics and Policy Research, 2008-06-12)
    Sterilized foreign exchange market interventions have been suspected of being inefficient by many empirical studies, but they are plagued by endogeneity problems. To solve the problems, this paper identifies a system that ...
  • von Furstenberg, George (Center for Applied Economics and Policy Research, 2007-11-07)
    The International Financial Services (IFS) industry is restructuring internally and by location. This paper outlines the economic forces and analytical methods that may be applied to examine the economic drivers of these ...
  • Jung, Juergen; Tran, Chung (Center for Applied Economics and Policy Research, 2008-04-11)
    We analyze whether a consumer driven health care plan like the newly established Health Savings Accounts (HSAs) can reduce health care expenditures in the United States and increase the fraction of the population with ...
  • Escanciano, Juan Carlos; Velasco, Carlos (Center for Applied Economics and Policy Research, 2008-08-15)
    This article proposes omnibus specification tests of parametric dynamic quantile regression models. Contrary to the existing procedures, we allow for a flexible and general specification framework where a possibly continuum ...
  • de Araujo, Pedro (Center for Applied Economics and Policy Research, 2008-04-30)
    Using U.S. cross-sectional data, this paper calculates the welfare cost of a 10% inflation for different individuals and finds that the difference in cost between the poorest 10%, measured by their expenditure share on ...
  • Murray, James (Center for Applied Economics and Policy Research, 2008-04-30)
    This paper examines the "bad luck" explanation for changing volatility in U.S. inflation and output when agents do not have rational expectations, but instead form expectations through least squares learning with an ...
  • Murray, James (Center for Applied Economics and Policy Research, 2007-11-21)
    This paper examines the empirical significance of learning, a type of adaptive, boundedly rational expectations, in the U.S. economy within the framework of the New Keynesian model. Two popular specifications of the model ...
  • Rahman, M Saifur (Center for Applied Economics and Policy Research, 2008-09-19)
    In this paper, I analyze consumption, aggregate savings, output and welfare implications of five different social security arrangements whenever there is demographic uncertainty. Following Bohn (2002), I analyze the effect ...
  • Rahman, M Saifur (Center for Applied Economics and Policy Research, 2008-09-19)
    Traditionally, Dynamic Scoring calculations experiments are carried out using representative agent based macroeconomic models. Existing literature does not provide any objection to this approach. In this paper, I develop ...
  • Aytac, Ozlem (Center for Applied Economics and Policy Research, 2008-01-16)
    The literature on the exchange-rate-based stabilization has focused almost exclusively in Latin America. Many other countries however, such as Egypt, Lebanon and Turkey; have undertaken this sort of programs in the last ...
  • McCarthy, Ian (Center for Applied Economics and Policy Research, 2008-04-30)
    This paper studies advertising, price ceilings and taxes in a sequential search model with bilateral heterogeneities in production and search costs. We estimate equilibria using a genetic algorithm (GA) applied to over 100 ...
  • von Furstenberg, George (Center for Applied Economics and Policy Research, 2008-04-03)
    Overpromising remains ingrained in international agreements, clouding their expected aggregate outcomes and how to assess the Parties’ performance. This paper provides a theory-based explanation and evaluation of this ...
  • Yoon, Young-Ro (Center for Applied Economics and Policy Research, 2008-08-25)
    Can valuable information be disclosed intentionally by the informed agent even within a competitive environment? In this article, we bring our interest into the asymmetry in reward and penalty in the payoff structure and ...
  • McCarthy, Ian (Center for Applied Economics and Policy Research, 2008-01-24)
    We analyze an equilibrium search model in a duopoly setting with bilateral heterogeneities in production and search costs in which firms can advertise by announcing price and location. We study existence, stability, and ...
  • Yang, Shu-Chun Susan (Center for Applied Economics and Policy Research, 2007-10-10)
    This note provides a chronology of major tax events that involved changes in federal taxes on individual and corporate income from 1948 to 2006. For each event, the note provides background and policy motivation, major ...
  • Leeper, Eric M.; Walker, Todd B.; Yang, Shu-Chun Susan (Center for Applied Economics and Policy Research, 2008-05-12)
    Fiscal foresight---the phenomenon that legislative and implementation lags ensure that private agents receive clear signals about the tax rates they face in the future---is intrinsic to the tax policy process. This paper ...

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