NBER Reporter

Online publication provides economic research to policymakers, business professional and the academic community. The topics include, banks, financial markets, health insurance, labor market, technology and more.

Articles from Spring

Bliss and Flannery
Bliss and Flannery note that effective market discipline involves two distinct components: the ability of security holders to accurately assess the condition of a firm (monitoring) and the ability to have their assessments reflected in subsequent actions...
Brynjolfsson and Smith
Brynjolfsson and Smith analyze the characteristics of the Internet as a channel for two categories of homogeneous products: books and CDs. Comparing pricing behavior at 41 Internet and conventional retail outlets, the authors find that prices on the...
Corporate Finance
Raghuram G. Rajan [*] The NBER's Corporate Finance Program was established in 1991 with Robert W. Vishny as its first director; I became Program Director in 1998. Corporate finance, narrowly interpreted, is the study of the investment and financing...
Economic Impacts of Environmental Policies
Lawrence H. Goulder [*] Over the last three decades in the United States and other nations, there has been a significant increase in the use of economic analysis to guide the design and evaluation of environmental policies. Economic analysis has...
Feldstein
Feldstein opened the final session by questioning the wisdom of the IMF and World Bank's drive to reform the economy along multiple dimensions, He asked if they would have done that for any other OECD country. Arguing that there was a need to go back...
International Taxation
James R. Hines Jr. [*] The ability and evident willingness of taxpayers to relocate activity, to shift taxable income between jurisdictions, and to respond to incentives created by the interaction of domestic and foreign tax rules, mean that the...
K. N. Lee
In the second session the panelists considered how the creditor panic of late 1997 and early 1998 was resolved. Among the questions considered: How did the late-December 1997 program differ from the earlier December 4 program? What was the effect of...
Local Corruption and the Global Economy
Shang-Jin Wei [*] Corruption, like cockroaches, has co-existed with human society for a long time. Its role in economic development is controversial. According to Samuel P. Huntington, the distinguished Harvard political scientist "[i]n terms of...