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Series:Working Paper Series, Macroeconomic Issues 

Working Paper
The return from community college schooling for displaced workers

Working Paper Series, Macroeconomic Issues , Paper WP-97-16

Working Paper
Trade policy and union wage dynamics

Working Paper Series, Macroeconomic Issues , Paper 89-19

Working Paper
Wage growth and sectoral shifts: Phillips curve redux

Working Paper Series, Macroeconomic Issues , Paper 92-23

Working Paper
Production and inventory control at the General Motors Corporation during the 1920s and 1930s

Working Paper Series, Macroeconomic Issues , Paper 92-10

Working Paper
Evidence on structural instability in macroeconomic times series relations

Working Paper Series, Macroeconomic Issues , Paper 94-13

Working Paper
Why do countries pursue bilateral trade agreements: a case study of North America

Current trade theory argues that countries pursue bilateral trade agreements to escape from a terms-of-trade driven prisoners' dilemma. This paper offers an empirical test of the theory. Using simulation results from a quantitative trade model of North America I show that the non-cooperative and cooperative payoffs implicit in the CFTA and NAFTA take on the two essential elements of a prisoners' dilemma. First, my results suggest that irrespective of county size unilateral liberalization makes the liberalizing country worse off, while making its regional trading partner better off. Next, I ...
Working Paper Series, Macroeconomic Issues , Paper WP-97-20

Working Paper
Asset return volatility with extremely small costs of consumption adjustment

Working Paper Series, Macroeconomic Issues , Paper 94-23

Working Paper
Earnings losses of displaced workers

Working Paper Series, Macroeconomic Issues , Paper 92-28

Working Paper
Capital utilization and returns to scale

Working Paper Series, Macroeconomic Issues , Paper 95-5

Working Paper
North-South terms of trade: an empirical investigation

My empirical analysis a reveals a strong link between the terms of trade of industrial and developing countries. I show that the terms of trade developing countries are essentially the relative prices of commodity exports and manufactured imports. Similarly, I find that terms of trade fluctuations of industrial countries are heavily influenced by movements in the relative price of manufactured exports and commodity imports. This means that improvements in the terms of trade of developing countries imply a worsening in the terms of trade of developing industrial countries, and vice versa. One ...
Working Paper Series, Macroeconomic Issues , Paper WP-97-05

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