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American Economic Review: Vol. 95 No. 1 (March 2005)

Rethinking Social Insurance (pp. 1-24)
Martin Feldstein
Abstract/Tools | Full-text Article

The Cyclical Behavior of Equilibrium Unemployment and Vacancies (pp. 25-49)
Robert Shimer
Abstract/Tools | Full-text Article | Download Data Set (256.61 KB)

Employment Fluctuations with Equilibrium Wage Stickiness (pp. 50-65)
Robert E. Hall
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Financial Reform: What Shakes It? What Shapes It? (pp. 66-88)
Abdul Abiad and Ashoka Mody
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Optimal Monetary Policy with Relative Price Distortions (pp. 89-109)
Tack Yun
Abstract/Tools | Full-text Article | Download Data Set (12.54 KB)

The Case for Open-Market Purchases in a Liquidity Trap (pp. 110-137)
Alan J. Auerbach and Maurice Obstfeld
Abstract/Tools | Full-text Article | Download Data Set (109.42 KB)

Bond Risk Premia (pp. 138-160)
John H. Cochrane and Monika Piazzesi
Abstract/Tools | Full-text Article | Download Data Set (130.21 KB) | Link to Appendix (290.32 KB)

Estimation and Inference of Impulse Responses by Local Projections (pp. 161-182)
Òscar Jordà
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The Baby Boom and Baby Bust (pp. 183-207)
Jeremy Greenwood, Ananth Seshadri and Guillaume Vandenbroucke
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An Empirical Assessment of the Comparative Advantage Gains from Trade: Evidence from Japan (pp. 208-225)
Daniel M. Bernhofen and John C. Brown
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Wealth as a Determinant of Comparative Advantage (pp. 226-254)
José Wynne
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Extracting Inflation from Stock Returns to Test Purchasing Power Parity (pp. 255-276)
Bhagwan Chowdhry, Richard Roll and Yihong Xia
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The Quantity and Quality of Life and the Evolution of World Inequality (pp. 277-291)
Gary S. Becker, Tomas J. Philipson and Rodrigo R. Soares
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Distance, Time, and Specialization: Lean Retailing in General Equilibrium (pp. 292-313)
Carolyn L. Evans and James Harrigan
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How to Protect Future Generations Using Tax-Base Restrictions (pp. 314-346)
Antonio Rangel
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A Political Economy Model of Congressional Careers (pp. 347-373)
Daniel Diermeier, Michael Keane and Antonio Merlo
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In Search of the Holy Grail: Policy Convergence, Experimentation, and Economic Performance (pp. 374-383)
Sharun W. Mukand and Dani Rodrik
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Deception: The Role of Consequences (pp. 384-394)
Uri Gneezy
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Will U.S. Agriculture Really Benefit from Global Warming? Accounting for Irrigation in the Hedonic Approach (pp. 395-406)
Wolfram Schlenker, W. Michael Hanemann and Anthony C. Fisher
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Are Delays in Academic Publishing Necessary? (pp. 407-413)
Derek Leslie
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Educational Reform, Ability, and Family Background (pp. 414-424)
Costas Meghir and Mårten Palme
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The Sensitivity of Long-Term Interest Rates to Economic News: Evidence and Implications for Macroeconomic Models (pp. 425-436)
Refet S. Gürkaynak, Brian Sack and Eric Swanson
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Why the Apple Doesn't Fall Far: Understanding Intergenerational Transmission of Human Capital (pp. 437-449)
Sandra E. Black, Paul J. Devereux and Kjell G. Salvanes
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Patent Citations and the Geography of Knowledge Spillovers: A Reassessment (pp. 450-460)
Peter Thompson and Melanie Fox-Kean
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Patent Citations and the Geography of Knowledge Spillovers: A Reassessment: Comment (pp. 461-464)
Rebecca Henderson, Adam Jaffe and Manuel Trajtenberg
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Patent Citations and the Geography of Knowledge Spillovers: A Reassessment: Reply (pp. 465-466)
Peter Thompson and Melanie Fox-Kean
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Demand Reduction in Multi-Unit Auctions: Evidence from a Sportscard Field Experiment: Comment (pp. 467-471)
Dan Levin
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Demand Reduction in Multi-Unit Auctions: Evidence from a Sportscard Field Experiment: Reply (pp. 472-476)
Richard Engelbrecht-Wiggans, John A. List and David H. Reiley
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