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Articles from Vol. 2012, No. 4, Winter

Conference on Household Finance
The NBER, the Said Business School at the University of Oxford, the Center for Financial Studies (CFS) of the Goethe University-Frankfurt, and the Einaudi Institute for Economics and Finance (EIEF) at the University of Naples Federico II jointly organized...
Cross-Border Capital Flows, Fluctuations and Growth
What is the extent of international financial integration, and how does such integration affect economic fluctuations and growth? Does the effect differ during tranquil times versus times of financial crisis? Does financial integration transmit shocks...
Designing Pension Plans for the Twenty-First Century
The NBER held a conference on "Retirement Benefits for State and Local Employees: Designing Pension Plans for the Twenty-First Century" at the Jackson Lake Lodge on August 17 and 18, 2012. NBER Research Associates Robert Clark, North Carolina State...
Historical Perspectives on Bank Supervision, Asset Bubbles, and Market Microstructure
Evaluating the appropriate policy responses to financial crises and banking scandals represents one of the major challenges of macroeconomics and financial economics. My research on earlier financial crises and regulatory regimes provides useful comparative...
Human Capital and History: The American Record
An NBER Conference on "Human Capital and History: The American Record" took place in Cambridge on December 7 and 8, 2012. NBER Research Associates Leah Boustan of the University of California, Los Angeles, and Robert Margo of Boston University, and...
Industrial Organization
The NBER's Program on Industrial Organization (IO) begins its third decade with a core of 60 program members, including 15 whose primary affiliations are in another NBER Program. The Program's meetings attract submissions from a large and diverse set...
Kidney Exchange
More than 90,000 patients are on the U.S. waiting list for a kidney transplant from a deceased donor, and only 11,000 or so such transplants are accomplished each year. So, the waiting is long and costly, sometime fatally so. But healthy people have...
Market Design Working Group
The NBER's Working Group on Market Design, directed by Susan Athey and Parag Pathak of NBER and MIT, met in Cambridge on October 19 and 20, 2012. These papers were discussed: * William Fuchs, University of California, Berkeley, and Andrzej Skrzypacz,...
NBER Researcher Wins Nobel Prize in Economics
NBER Research Associate Alvin Roth shared the 2012 Nobel Prize in Economics with Lloyd Shapley. Roth is currently the George Gund Professor of Economics and Business Administration at Harvard University. At the end of this year, he will move to emeritus...
Public Economics
The NBER's Program on Public Economics met in Cambridge on November 1 and 2, 2012. Research Associates Raj Chetty of Harvard University and Justine Hastings of Brown University organized the meeting. These papers were discussed: * Sara LaLumia,...
The Sources and Consequences of Productivity Differences
Economists have consistently found both large and persistent differences in measured productivity across producers, even within narrowly defined industries. The size of these differences is striking: for instance, within U.S. 4-digit SIC manufacturing...
Working Group on the Chinese Economy
The NBER's Working Group on the Chinese Economy met in Cambridge on October 5 and 6, 2012. Hanming Fang, University of Pennsylvania and NBER, and Shang-Jin Wei of Columbia University who directs the group, organized the conference. These papers were...
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