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Browsing Economics Working Papers by Issue Date
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Now showing items 81-100 of 159
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(University of Oregon, Dept. of Economics, 2004-03)We develop a structural option price model in which individuals choose among competing risk-mitigating programs to alter their probability of experiencing future years in various degraded health states. The novel aspects ...
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(University of Oregon, Dept. of Economics, 2004-03)Long-term care currently comprises almost 10% of national health expenditures and is projected to rise rapidly over coming decades. A key, and relatively poorly understood, element of long-term care is home health care. I ...
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(University of Oregon, Dept. of Economics, 2004-03-29)We examine existence and stability under learning of sunspot equilibria in a New Keynesian model incorporating inertia. Indeterminacy remains prevalent, stable sunspots abound, and inertia in IS and AS relations do not ...
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(University of Oregon, Dept of Economics, 2004-06-11)We develop a model of fertility and marriage that implies a magnified effect of marriage rates on the share of births to unmarried women. For U.S. data, plots and regression estimates support the prediction that the share ...
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(University of Oregon, Dept. of Economics, 2004-09)Recent publicity about “concierge physicians” has raised concerns about the potential adverse effects of allowing physicians to bill their patients for fees that are above normal copayments and insurance reimbursements. ...
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(University of Oregon, Dept of Economics, 2004-09-01)The paper analyzes the choice of an exchange rate regime for a small open economy indebted in foreign currency, incorporating the ¯nancial accelerator. Conventional wisdom suggests that floating regimes should insulate the ...
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(University of Oregon, Dept. of Economics, 2004-09-20)Previous models of the popular vote in U.S. Presidential elections emphasize economic growth and price stability, the role of parties and incumbency, and pre-election expectations for the future. Despite the closeness of ...
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(University of Oregon, Dept of Economics, 2004-10-01)The Forward Premium Puzzle is one of the most prominent empirical anomalies in international finance. The forward premium predicts exchange rate depreciation but typically with the opposite sign and smaller magnitude than ...
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(University of Oregon, Dept of Economics, 2004-10-20)In choosing an exchange rate regime for a small open economy, the common wisdom (Friedman (1953), Meade (1950)) calls for a °oating regime to outperform a peg because of the ability of the former to cope with relative price ...
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(University of Oregon, Dept of Economics, 2004-11-01)Much of the sharp rise in the share of nonmarital births in the United States has been attributed to changes in the fertility choices of unmarried and married women - in response, it is often argued, to various public ...
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(University of Oregon, Dept of Economics, 2004-12-02)We revisit the well-known decomposition of the Gini coefficient into between-groups, within-groups and overlap terms in the context of two groups in which the incomes in one group may be scaled and that group’s population ...
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(University of Oregon, Dept of Economics, 2004-12-07)This paper addresses the output-price volatility puzzle by studying the interaction of optimal monetary policy and agents' beliefs. We assume that agents choose their information acquisition rate by minimizing a loss ...
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(University of Oregon, Dept of Economics, 2005-01-01)In hedonic property value models, economists typically assume that changing perceptions of environmental risk should be captured by changes in housing prices. However, for long-lived environmental problems, we find that ...
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(University of Oregon, Dept of Economics, 2005-01-01)Poverty evaluations differ from welfare evaluations in one significant aspect, the existence of a threshold or reference point, the poverty line. It is therefore possible to build up normative evaluation models in which ...
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(University of Oregon, Dept of Economics, 2005-01-11)This is the text of an interview with Thomas J. Sargent. The interview will be published in Macroeconomic Dynamics.
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(University of Oregon, Dept of Economics, 2005-01-15)This note explores the insidious empirical trap posed by two common equality restrictions in regression analysis. The trap is that restricted coefficients can lie outside the interval of unrestricted coefficients and even ...
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(University of Oregon, Dept of Economics, 2005-02-01)We compare the performance of alternative recursive forecasting models. A simple constant gain algorithm, used widely in the learning literature, both forecasts well out of sample and also provides the best fit to the ...
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(University of Oregon, Dept of Economics, 2005-03-01)Several empirical studies have found a negative relationship between corruption and the decentralization of the powers to tax and spend. In this paper we explain this phenomenon using a model of Yardstick Competition. ...
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(University of Oregon, Dept of Economics, 2005-04-06)This is a revised and shortened version of Working Paper 2002-11. Commitment in monetary policy leads to equilibria that are superior to those from optimal discretionary policies. A number of interest rate reaction functions ...
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(University of Oregon, Dept of Economics, 2005-04-26)A well-known criterion to make heterogeneous welfare comparisons is Atkinson and Bourguignon’s (1987) sequential generalized Lorenz dominance (SGLD) criterion. Recently, Fleurbaey, Hagneré and Trannoy (2003) convincingly ...
Now showing items 81-100 of 159