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Working Papers 2006 And Prior
Go to Current Papers
2006
UWEC-2006-01-P -
Equilibrium Consumption and Precautionary Savings in a Stochastically Growing Economy
, by Stephen Turnovsky; William Smith. Published in Journal of Economic Dynamics and Control
UWEC-2006-02-P -
Excludable and Non-excludable Public Inputs: Consequences for Economic Growth
, by Ott Ingrid; Stephen Turnovsky. Published in Economica
UWEC-2006-03-P -
Feedback Approximation of the Stochastic Growth Model by Genetic Neural Networks
, by Sibel Sirakaya; Stephen Turnovsky; N.M. Alemdar. Published in Computational Economics
UWEC-2006-04-P -
Growth and Income Inequality: A Canonical Model
, by Cecilia Garcia-Penalosa; Stephen Turnovsky. Published in Economic Theory
UWEC-2006-05 -
For a list of Theo Eicher's working papers please click here
, by Theo Eicher
UWEC-2006-06 -
The Clark Model with Correlated Components
, by Kum Hwa Oh; Eric Zivot
UWEC-2006-07-P -
The Zero-Information-Limit-Condition and Spurious Inference in Weakly Identified Models
, by Charles Nelson; Richard Startz. Published in Journal of Econometrics |
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UWEC-2006-08-R -
A Structural Analysis of Price Discovery Measures
, by Bingcheng Yan; Eric Zivot. Revised April 2007 |
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UWEC-2006-10-FC -
Binomial Autoregressive Moving Average Models with an Application to U.S. Recessions
, by Richard Startz. Forthcoming in Journal of Business and Economic Statistics |
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UWEC-2006-11-R -
A Closed-Form Asymptotic Variance-Covariance Matrix for the Maximum Likelihood Estimator of the GARCH(1,1) Model
, by Jun Ma. Revised October 2006 |
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UWEC-2006-12 -
Is There a Structural Break in the Risk Free Interest Rate Dynamics?
, by Jun Ma |
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UWEC-2006-13-P -
Business-Cycle Filtering of Macroeconomic Data Via A Latent Business-Cycle Index
, by Michael Dueker, Federal Reserve Bank of St. Louis; Charles Nelson. Published in Macroeconomics Dynamics |
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UWEC-2006-14-P -
Spurious Inference in the GARCH(1,1) Model When It Is Weakly Identified
, by Jun Ma; Charles Nelson; Richard Startz. Published in Studies in Nonlinear Dynamics & Econometrics |
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UWEC-2006-16 -
The Relationship between the Beveridge-Nelson Decomposition andUnobserved Component Models with Correlated Shocks
, by Kum Hwa Oh, Bank of Korea; Eric Zivot, University of Washington; Drew Creal, Free University Amsterdam |
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UWEC-2006-17 -
A Comparison of Univariate Stochastic Volatility Models for U.S. Short Rates Using EMM Estimation
, by Ying Gu; Eric Zivot |
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UWEC-2006-18 -
Evaluating Structural Models for the U.S. Short Rate Using EMM and Particle Filters
, by Drew Creal; Ying Gu; Eric Zivot |
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UWEC-2006-19-R -
Gone With the Wind? Hurricane Risk, Fertility and Education
, by Claus Portner. Revised February 2008 |
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UWEC-2006-21-R -
Consumption Persistence and the Equity Premium Puzzle: A Resolution or Not? (Job Market Paper)
, by Jun Ma. Revised November 2006 |
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UWEC-2006-22 -
A General Approach to Constructing a Valid Test in Weakly Identified Models Where Zero-Limit-Information Condition (ZILC) Holds
, by Jun Ma; Charles Nelson
UWEC-2006-23 -
Evaluating the Impact of Financial Development to Economic Performance When Instruments Are Weak
, by Jun Ma
UWEC-2006-24 -
Contract Completeness, Product Complexity, and Regulation: Evidence from Coal-Fired Power Plants
, by Maria Kozhevnikova; Ian Lange
UWEC-2006-26-FC -
Consumption Externalities, Production Externalities, and Efficient Capital Accumulation under Time Non-Separable Preferences
, by Stephen Turnovsky; Goncalo Monteiro. Forthcoming in European Economic Review
UWEC-2006-27-FC -
Growth, Income Inequality, and Fiscal Policy: What are the Relevant Tradeoffs?
, by Cecilia Garcia-Penalosa; Stephen Turnovsky. Forthcoming in Journal of Money, Credit, and Banking
Prior Years
UWEC-2002-01 -
Why Are Beveridge-Nelson and Unobserved-Component Decompositions of GDP So Different?
, by James Morley, Washington University in St. Louis; Charles Nelson, University of Washington; Eric Zivot, University of Washington. Published in Review of Economics and Statistics |
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UWEC-2002-02 -
Why Were Changes in the Federal Funds Rate Smaller in the 1990s?
, by Arabinda Basistha, University of Washington; Richard Startz, University of Washington. Forthcoming in Journal of Applied Econometrics |
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UWEC-2002-03 -
A Markov Switching Model of Congressional Partisan Regimes
, by Bryan Jones; Chang-Jin Kim; Richard Startz |
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UWEC-2002-05 -
Optimal Partially Reversible Investment
, by Richard Hartman; Michael Hendrickson. Published in Journal of Economic Dynamics and Control
UWEC-2002-06 -
Relative Price Variability and Inflation
, by Richard Hartman. Published in Journal of Money, Credit, and Banking
UWEC-2002-07-P -
Production Risk and the Functional Distribution of Income in a Developing Economy: Tradeoffs and Policy Responses
, by Cecilia Garcia-Penalosa; Stephen Turnovsky. Published in Journal of Development Economics
UWEC-2002-08-P -
Substitutability of Capital, Investment Costs, and Foreign Aid
, by Santanu Chatterjee; Stephen Turnovsky. Published in Econ.Growth. and Macro Dyn. Dowrick et al. eds, CUP
UWEC-2002-09 -
Savings and Portfolio Decisions: Observable implications with Knightian Uncertainty
, by Wen-Fang Liu
UWEC-2002-10 -
Knightian Uncertainty and the Voting Paradox
, by Cyrus Chu; Wen-Fang Liu
UWEC-2002-11 -
Heterogeneous Agent Economies with Knightian Uncertainty
, by Wen-Fang Liu
UWEC-2002-13-P -
Consumption Externalities, Production Externalities, and the Accumulation of Capital
, by Wen-Fang Liu; Stephen Turnovsky. Published in Journal of Public Economics |
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UWEC-2002-14-P -
Renewable Resources in an Endogenously Growing Economy
, by Ludvik Eliasson; Stephen Turnovsky. Published in Journal of Environmental Economics and Management
UWEC-2002-16 -
Transaction Costs and Contract Choice
, by Yoram Barzel |
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UWEC-2002-17-P -
Sectoral Adjustment Costs and Real Exchange Rate Dynamics in a Two-Sector Dependent Economy
, by A.K.M. Mahbub Morshed; Stephen Turnovsky. Published in Journal of International Economics
UWEC-2002-18-P -
Why are Beveridge-Nelson and Unobserved-component decompositions of GDP so Different?
, by James Morley; Charles Nelson; Eric Zivot. Published in Review of Economics and Statistics |
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UWEC-2002-19-P -
To Spend the US Government Surplus or to Increase the Deficit? A Numerical Analysis of the Policy Options
, by Stephen Turnovsky; Santanu Chatterjee. Published in Journal of the Japanese and International Economies
UWEC-2002-20-P -
Intertemporal Substitution, Risk Aversion, and Economic Performance in a Stochastically Growing Open Economy
, by Paola Giuliano; Stephen Turnovsky. Published in Journal of International Money and Finance
UWEC-2002-21-P -
Bayesian and Classical Approaches to Instrumental Variable Regression
, by Frank Kleibergen; Eric Zivot. Published in Journal of Econometrics |
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UWEC-2002-22-P -
The Transitional Dynamics of Fiscal Policy: Long-run Capital Accumulation and Growth
, by Stephen Turnovsky. Published in Journal of Money, Credit, and Banking
UWEC-2003-01-P -
Optimal Task Design: to integrate or separate planning and implementation?
, by Fahad Khalil; Doyoung Kim; Dongsoo Shin. Published in Journal of Economics and Management Strategy |
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UWEC-2003-02-FC -
Incentives for Corruptible Auditors in the Absence of Commitment
, by Fahad Khalil; Jacques Lawarree. Forthcoming in Journal of Industrial Economics
UWEC-2003-04-P -
Monitoring a Common Agent: implications for financial contracting
, by Fahad Khalil; Bruno Parigi; David Martimort. Published in Journal of Economic Theory |
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UWEC-2003-11 -
The Prospects for Expansion of Trade in Oil and Gas in Northeast Asia
, by Judith Thornton
UWEC-2003-12 -
Patent Litigation Settlements
, by Keith Leffler. Forthcoming in Research in Law and Economics
UWEC-2003-13 -
Appendix to Patent Litigation Settlements
, by Keith Leffler. Forthcoming in Research in Law and Economics
UWEC-2003-14 -
Probabilistic Patent Rights
, by Keith Leffler. Forthcoming in Antitrust Magazine
UWEC-2003-17-R -
Child Gender and Father Involvement in Fragile Families
, by Elaina Rose; Shelly Lundberg; Sara McLanahan
UWEC-2003-18 -
Investments in Sons and Daughters: Evidence from the Consumer Expenditures Survey
, by Elaina Rose. Forthcoming in In Family Investments in Children: Resources and Behaviors that Promote Success,
UWEC-2003-19 -
"Decomposition of Distributional Impacts of Sectoral Growth and Some Policy Imperatives: A SAM-Based Investigation”
, by Abdul Basher. Published in The Bangladesh Development Studies”, September -December 1997; Nos. 3&4.
UWEC-2003-20 -
Partial Adjustment As Optimal Response in a Dynamic Brainard Model
, by Richard Startz |
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UWEC-2003-25 -
Measuring the Determinants of Average and Marginal Bank Interest Rate Spreads in Chile, 1994-2001
, by Philip Brock; Helmut Franken |
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UWEC-2003-27 -
Sakhalin Energy: Committing to an Energy Project, Is There a Successful Strategy?
, by Judith Thornton
UWEC-2003-28 -
Incentives and Performance of Russian Regional Government Officials
, by Judith Thornton
UWEC-2003-30 -
See my webpage
, by Sibel Sirakaya |
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UWEC-2003-35-P -
Third Party Purchasing of Health Services: Patient Choice and Agency
, by Fahad Khalil; Martin Chalkley. Published in Journal of Health Economics |
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UWEC-2003-36 -
The Dynamic Relationship Between Permanent and Transitory Components of U.S. Business Cycle
, by Chang-Jin Kim, Korea University; Jeremy Piger, Board of Governors; Richard Startz, UW |
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UWEC-2004-01 -
Different Property Rights Regimes in the Lake Victoria Multiple Species Fishery
, by Gardner Brown; B. Berger; M. Ikiara
UWEC-2004-03-FC -
The Zero-Information-Limit Condition and Spurious Inference in Weakly Identified Models
, by Charles Nelson; Richard Startz. Forthcoming in Journal of Econometrics |
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UWEC-2004-05-P -
Second-Best Optimal Taxation of Capital and Labor in a Developing Economy
, by Cecilia Garcia-Penalosa; Stephen Turnovsky. Published in Journal of Public Economics
UWEC-2004-06-P -
Macroeconomic Volatility and Income Inequality in a Stochastically Growing Economy
, by Cecilia Garcia-Penalosa; Stephen Turnovsky. Published in N. Salvadori (ed.) Economic Growth and Income Distribution, Edward Elgar, Cheltenham, UK
UWEC-2004-07-FC -
Foreign Aid and Economic Growth: The Role of flexible Labor Supply
, by Santanu Chatterjee; Stephen Turnovsky. Forthcoming in Journal of Development Economics |
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UWEC-2004-08-P -
The Welfare Gains from Stabilization in a Stochastically Growing Economy with Idiosyncratic Shocks and Flexible Labor Supply
, by Stephen Turnovsky; Marcelo Bianconi. Published in Macroeconomic Dynamics
UWEC-2004-09-P -
Habit Formation, Catching Up with the Joneses, and Economic Growth
, by Francisco Alvarez-Cuadrado; Goncalo Monteiro; Stephen Turnovsky. Published in Journal of Economic Growth
UWEC-2004-11 -
The Secondary Benefits of Market-Based Environmental Regulation: The Case of Scrubbers
, by Allen Bellas; Ian Lange |
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UWEC-2004-12 -
The Diffusion of Tractor Technology
, by Eugene Silberberg; Dinah Duffy-Martini
UWEC-2004-14 -
Growth and Transitional Dynamics:The Post-war European Experience
, by Francisco Alvarez-Cuadrado
UWEC-2004-15 -
A Quantitative Exploration of the Golden Age of European Growth: Structural Change, Public Investment, the Marshall Plan and Intra-European Trade.
, by Francisco Alvarez-Cuadrado
UWEC-2004-19 -
Respondable Risk and Incentives: Evidence From Executive Compensation
, by Lan Shi |
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UWEC-2004-20-R -
Does Oversight Reduce Policing? Evidence from the Cincinnati Police Department After the April 2001 Riot
, by Lan Shi |
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UWEC-2004-21 -
Is There a Cohabitation Premium in Men’s Earnings?
, by Arif Mamun |
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UWEC-2004-22 -
Measuring the NAIRU with Reduced Uncertainty: A Multiple Indicator-Common Component Approach
, by Arabinda Basistha; Richard Startz |
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UWEC-2004-23 -
A Joint Econometric Model of Marriage and Partner Choice
, by Elaina Rose |
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UWEC-2004-24 -
Bootstrap Methods for Inference in a SUR model with Autocorrelated Disturbances
, by Clarisse Messemer; Richard Parks |
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UWEC-2005-01-R -
The Dynamics of Price Discovery
, by Bingcheng Yan; Eric Zivot |
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UWEC-2005-02-FC -
Long Memory and Structural Breaks in the Forward Discount: An Empirical Investigation
, by Kyongwook Choi; Eric Zivot. Forthcoming in Journal of International Money and Finance
UWEC-2005-03 -
Analysis of High-Frequency Financial Data with S-PLUS
, by Bingcheng Yan; Eric Zivot
UWEC-2005-04 -
Inference on Unit Roots and Trend Breaks in Macroeconomic Time Series
, by Chris Murray; Eric Zivot
UWEC-2005-06-R -
Social Identity and Group Lending
, by Prabirendra Chatterjee; Sudipta, Sarangi |
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UWEC-2005-07 -
The Determinants of Specialization within Marriage
, by Shelly Lundberg; Elaina Rose |
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UWEC-2005-09-P -
Incentives for corruptible auditors in the absence of commitment
, by Fahad Khalil; Jacques Lawarree. Published in Journal of Industrial Economics
UWEC-2005-10 -
Replacing the Law of One Price with the Price Convergence Law
, by Yoram Barzel
UWEC-2005-11-R -
The State Dilemma in Guaranteeing Commodities and Services by Reputation
, by Yoram Barzel
UWEC-2005-12 -
Variable Retirement and the Effects of Social Insurance on Savings, Wealth and Welfare
, by Neil Bruce; Stephen Turnovsky |
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UWEC-2005-17 -
Equity as a Guarantee
, by Yoram Barzel; Wing Suen
UWEC-2005-18 -
Moral hazard, Monitoring Cost, and the Choice of Contract
, by Yoram Barzel; Wing Suen
UWEC-2005-23 -
Literacy, Skills and Welfare: Effects of Participation in an Adult Literacy Program
, by Niels-Hugo Blunch; Claus Portner |
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UWEC-2005-24 -
Incentives for corruptible auditors in the absence of commitment," in the "Journal of Industrial Economics" (2006)
, by Fahad Khalil; Jacques Lawarree
UWEC-2005-25 -
The Tradeoff between Inflation and the Real Economy: Forward-Looking Behavior and the Inflation Premium
, by Erika Gulyas; Richard Startz |
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(12/1/2001)
Marriage and Assortative Mating: How Have the Patterns Changed?
, by Elaina Rose
(11/7/2001)
Innovation in Pollution Control and the Fallacy of the Margin
, by Yoram Barzel
(11/7/2001)
Innovation in Pollution Control and the Fallacy of the Margin
, by Yoram Barzel
(3/1/2001)
Housing Market Bubbles and Currency Crisis: the case of Thailand
, by Kar-Yiu Wong |
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(3/1/2001)
The Less Volatile US Economy: A Bayesian Investigation of Timing, Breadth and Potential Explanations
, by Chang-Jin Kim; Charles Nelson; Jeremy Piger. Published in Journal of Bus. and Econ. Statistics
(3/1/2001)
Shipping the Good Apples Out: A Reinterpretation
, by Yoram Barzel |
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(2/28/2001)
Improved Inference for the Instrumental Variable Estimator
, by Richard Startz; Charles Nelson; Eric Zivot |
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(2/23/2001)
Why Are Beveridge-Nelson and Unobserved-Component Decompositions of GDP So Different?
, by James Morley; Charles Nelson; Eric Zivot |
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(2/1/2001)
Capital Income Taxes and Growth in a Stochastic Economy: A Numerical Analysis of the Role of Risk Aversion and Intertemporal Substitution
, by Santanu Chatterjee; Paola Giuliano; Stephen Turnovsky. Forthcoming in Journal of Public Economic Theory |
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(6/22/2000)
The Adjustment of Prices and the Adjustment of the Exchange Rate
, by Charles Engel; James Morley |
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(4/25/2000)
Sakhalin Energy; Problems and Prospects
, by Judith Thornton
(4/11/2000)
Monetary Policy in the Open Economy Revisited: Price Setting and Exchange Rate Flexibiity
, by Michael Devereux; Charles Engel |
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(4/1/2000)
Development of Sakhalin Energy; Can the Barriers be Overcome?
, by Judith Thornton |
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(3/27/2000)
Optimal Exchange Rate Policy:The Influence of Price-Setting and Asset Markets
, by Charles Engel |
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(3/21/2000)
Common Stochastic Trends, Common Cycles, and Asymmetry in Economic Fluctuations
, by Chang-Jin Kim; Jeremy Piger |
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(2/29/2000)
The Optimal Choice of Exchange-Rate Regime: Price-Setting Rules and Internationalized Production
, by Michael Devereux; Charles Engel |
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(2/26/2000)
Is There a Positive Relationship between Stock Market Volatility and the Equity Premium?
, by Chang-Jin Kim; James Morley; Charles Nelson |
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(2/25/2000)
Is There a Structural Break in the Equity Premium?
, by Chang-Jin Kim; James Morley; Charles Nelson |
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(2/1/2000)
Time Variation and Structural Change in the Forward Discount: Implications for the Forward Rate Unbiased Hypothesis
, by George Sakoulis; Eric Zivot
(1/31/2000)
Renewable Natural Resource Management and Use Without Markets
, by Gardner Brown |
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(1/11/2000)
Violating the Law of One Price: Should We Make a Federal Case Out of It?
, by Charles Engel; John Rogers |
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(12/7/1999)
Does an Intertemporal Tradeoff between Risk and Return Explain Mean Reversion in Stock Prices?
, by Chang-Jin Kim; James Morley; Charles Nelson |
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(11/30/1999)
Direct Investment Liberalization, Commodity Trade, and Income Distribution; What Can the WTO Do?
, by Kar-Yiu Wong |
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(9/9/1999)
Exchange-Rate Pass-Through and the Welfare Effects of the Euro
, by Michael Devereux; Charles Engel; Cedric Tille |
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(9/8/1999)
A Bayesian Approach to Testing for Markov Switching in Univariate and Dynamic Factor Models
, by Chang-Jin Kim; Charles Nelson |
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(9/4/1999)
Local-Currency Pricing and the Choice of Exchange-Rate Regime
, by Charles Engel |
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(8/31/1999)
A Tale of Two Ports
, by Ngo Van Long; Kar-Yiu Wong |
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(7/29/1999)
Deviations from Purchasing Power Parity:Causes and Welfare Costs
, by Charles Engel; John Rogers |
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(5/1/1999)
Permanent and Transitory Nature of Recessions
, by Chang-Jin Kim; Chris Murray |
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(4/1/1999)
Valuing Multiple Programs to Improve Fish Populations
, by David Layton; Gardner Brown; Mark Plummer |
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(1/2/1999)
The Asian Crisis: A Statistical Point of View
, by Ming Chien Lo; Kar_Yiu Wong |
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(1/2/1999)
Currency Crises and Capital Control: A Survey
, by Sweta Saxena; Kar_Yiu Wong |
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(12/7/1998)
Race, Information, and Segregation
, by Shelly Lundberg; Richard Startz. Forthcoming in Journal of Population Economics |
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(11/24/1998)
Long-Run PPP May Not Hold After All
, by Charles Engel |
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(8/11/1998)
Relative Price Volatility: What Role Does the Border Play?
, by Charles Engel; John Rogers |
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(8/3/1998)
Dynamic Gains from Trade and Industrialization
, by Kar-Yiu Wong; Chong Yip |
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(5/20/1998)
Intraindustry Trade, Intraindustry Investment, and Welfare
, by Kar-Yiu Wong |
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(4/28/1998)
Growth of Hong Kong Before and After Its Reversion to China: The China Factor
, by Kar-Yiu Wong; Yun Wing Sung |
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(2/23/1998)
Optimal Income Transfers and Tariffs
, by Kar-Yiu Wong; Sajal Lahiri; Pascalis Raimondo |
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(2/10/1998)
Industrialization, Economic Growth and International Trade
, by Kar-Yiu Wong; Chong Yip |
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(1/23/1998)
Education, Economic Growth, and Brain Drain
, by Kar-Yiu Wong; Chong Yip |
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(1/1/1998)
The Law of Comparative Advantage without Social Utility Functions
, by Kar-Yiu Wong; Koji Shimomura |
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(12/1/1997)
Economic Growth and International Trade: the case of Hong Kong
, by Kar-Yiu Wong; Win Lin Chou |
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(10/1/1997)
Specific and Ad Valorem Tariffs are not Equivalent in Trade Wars
, by Kar-Yiu Wong; Ben Lockwood |
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