NBER Reporter articles from December 1999

NBER Reporter archives from December 1999

International Finance and Macroeconomics.
December 22, 1999... Jeffrey A. Frankel [*] This summary of research by members of the NBER's Program on International Finance and Macroeconomics describes work on particular parts of the world, including the emerging markets, Japan, and Europe, as well as...

Emerging Equity Markets and Market Integration.
December 22, 1999... Geert Bekaert [*] Overview In the early 1990s, developing countries shrugged off a decade lost in the costly complications of the Debt Crisis and regained access to foreign capital. Not only did capital flows to emerging markets...

Forecasting and Empirical Methods in Finance and Macroeconomics.
December 22, 1999... Francis X. Diebold [*] All economic agents forecast all the time, and forecasting figures especially prominently in financial and macroeconomic contexts. Central to finance, for example, is the idea of expected present value of earnings...

The Effects of Liability Rules on Medical Practice.
December 22, 1999... Daniel P. Kessler [*] Medical malpractice liability law has two principal objectives: to compensate patients who are injured through the negligence of health care providers, and to deter providers from practicing negligently. Considerable...

International Economic Organizations, Developing Country Reforms, and Trade.
December 22, 1999... Anne O. Krueger [*] International Economic Organizations The three major international economic organizations are the World Bank, the International Monetary Fund (IMF), and the World Trade Organization (WTO). The WTO emerged out of the...

Geert Bekaert.(Brief Article)
December 22, 1999... Geert Bekaert is a Research Associate in the NBER's Program on Asset Pricing and a professor of finance at Columbia University's business school. He is on leave from Stanford University's Graduate School of Business. Bekaert received his...

Francis X. Diebold.(Brief Article)
December 22, 1999... Francis X. Diebold is a Research Associate in the NBER's Program on Asset Pricing. He is the Armellino Visiting Professor of Finance at New York University's Stern School of Business, and the Lawrence R. Klein Professor of Economics and...

Daniel P. Kessler.
December 22, 1999... Daniel P. Kessler is a Research Associate in the NBER's Programs on Health Care and Law and Economics. He is also an associate professor at the Stanford University Graduate School of Business, a Research Fellow at the Hoover Institution, and an...

Judy C. Lewent.(Brief Article)
December 22, 1999... Judy C. Lewent, a newly elected Director of the NBER, is Senior Vice President and Chief Financial Officer of Merck & Co., Inc. She is responsible for worldwide financial, corporate, and human health business development matters, as well as for...

Richard D. Rippe.(Brief Article)
December 22, 1999... Richard D. Rippe was recently elected a member of the NBER's Board of Directors representing the National Association for Business Economics. He is a Senior Vice President and Chief Economist of Prudential Securities Incorporated. He joined the...

Martin B. Zimmerman.(Brief Article)
December 22, 1999... Martin B. Zimmerman, a new director-at-large of the National Bureau of Economic Research, has been vice president-governmental affairs of the Ford Motor Corporation since January 1, 1999. Zimmerman joined Ford in August 1987 as the company's...

The Distributional Effects of Social Security Reform.(conference)
December 22, 1999... An NBER conference on "The Distributional Effects of Social Security Reform," organized by NBER President Martin S. Feldstein and Faculty Research Fellow Jeffrey B. Liebman, both of Harvard University, was held on October 22 and 23. The...

Tax Policy and the Economy.(National Bureau of Economic Research conference)
December 22, 1999... The NBER held its Fourteenth Annual Conference on "Tax Policy and the Economy" in Washington on November 2. Organizer James M. Poterba, NBER and MIT, selected these papers for the program: Brian J. Hall and Jeffrey B. Liebman, NBER and...

The Economic Effects of Taxation.(conference)
December 22, 1999... The NBER held a conference on "The Economic Effects of Taxation" on November 19 and 20 in Cambridge. Organizer James M. Poterba, NBER and MIT, selected the following papers for discussion: Matthew Eichner, NBER and Columbia University, and...

InterAmerican Seminar on Economics.
December 22, 1999... The NBER and the Universidad del CEMA in Buenos Aires jointly sponsored the Twelfth Annual InterAmerican Seminar on Economics, on the topic "Economic Integration: Financial and Real," on December 2-4. Sebastian Edwards, NBER and University of...

An Economic Analysis of Risky Behavior among Youths.(National Bureau for Economic Research's Program on Children conference)
December 22, 1999... The NBER's Program on Children, which is directed by Jonathan Gruber of NBER and MIT, convened researchers on December 10 and 11 to discuss "Risky Behavior among Youths." The following papers were presented at the two-day session: Jonathan...

Macroeconomic Effects of Corporate Finance.(National Bureau for Economic Research - Universities Research Conference)
December 22, 1999... An NBER--Universities Research Conference on "The Macroeconomic Effects of Corporate Finance" took place in Cambridge on December 10 and 11. Organizers Jeremy C. Stein, NBER and Harvard University, and Luigi Zingales, NBER and University of...

Economic Reform in India.(Brief Article)
December 22, 1999... On December 13-15, the NBER and India's National Council for Applied Economic Research (NCAER) brought together a group of ten NBER economists and about two dozen economists from Indian universities, research institutions, and government...

Kathryn Shaw Nominated to CEA.(Brief Article)
December 22, 1999... NBER Research Associate Kathryn L. Shaw, a Professor of Economics at Carnegie Mellon University's Graduate School of Industrial Administration, was nominated by President Clinton to be a Member of the Council of Economic Advisers on November...

Ten NBER National Fellows Named.(National Bureau of Economic Research)(Brief Article)
December 22, 1999... The NBER recently announced the selection of National Fellows for 2000/1 and 2001/2. These National Fellows will spend one academic year at the Bureau's office in Cambridge, and will devote their time to research and writing in the area of...

Erratum.(Fall 1999 )(Correction Notice)
December 22, 1999... The Vice Minister for International Affairs, Ministry of Finance, Japan, is Haruhiko Kuroda. He was incorrectly identified in the Fall 1999 NBER Reporter.

Economic Fluctuations and Growth.(Brief Article)
December 22, 1999... Fifty members and guests of the NBER's Program on Economic Fluctuations and Growth gathered in Chicago on October 22. Andrew Atkeson, NBER and University of Minnesota, and Matthew D. Shapiro, NBER and University of Michigan, organized this...

Higher Education Project.
December 22, 1999... Members and guests of the NBER's Research Group on Higher Education met in Cambridge on October 29. Director Charles T. Clotfelter, NBER and Duke University, organized this program: Dominic J. Brewer, RAND; Eric R. Eide, Brigham Young...

Asset Pricing.
December 22, 1999... Members and guests of the NBER's Program on Asset Pricing met in Chicago on November 5. Program Director John H. Cochrane of the University of Chicago chose the following papers for discussion: George Chacko, Harvard University, and Luis M....

Labor Studies Program.
December 22, 1999... The NBER's Program on Labor Studies held its fall meeting in Cambridge on November 5. Program Director Richard B. Freeman and Lawrence F. Katz, both of NBER and Harvard University, organized this program: Brigitte C. Madrian, NBER and...

Monetary Economics Program.(National Bureau of Economic Research conference papers discussed)(Industry Trend or Event)(Critical Essay)
December 22, 1999... Members and guests of the NBER's Program on Monetary Economics, directed by N. Gregory Mankiw, NBER and Harvard University; met in Cambridge on November 12. Organizers Christopher L. Foote, Harvard University, and Stephen P. Zeldes, NBER and...

Macroeconomics and Individual Decisionmaking.(National Bureau of Economic Research conference papers)(Industry Trend or Event)(Brief Article)(Critical Essay)
December 22, 1999... George A. Akerlof, University of California, Berkeley, and Robert J. Shiller, NBER and Yale University, organized a meeting on "Macroeconomics and Individual Decisionmaking," which was held at the NBER's Cambridge office on November 13. The...

Public Economics Program.(Program on Public Economics)(Industry Trend or Event)(Brief Article)(Critical Essay)
December 22, 1999... Members and guests of the NBER's Program on Public Economics met in Cambridge on November 18. Program Director James M. Poterba, NBER and MIT, organized the meeting and this program: Bruce D. Meyer, NBER and Northwestern University; "Do the...

Corporate Finance Program Meeting.(National Bureau of Economic Research conference papers)(Industry Trend or Event)(Critical Essay)
December 22, 1999... The NBER's Program on Corporate Finance, directed by Raghuram Rajan, NBER and University of Chicago, met in Chicago on November 19. David S. Scharfstein, NBER and MIT, organized this program: Lucian A. Bebchuk, NBER and Harvard University,...

Market Microstructure Project.(National Bureau of Economic Research conference papers)(Industry Trend or Event)(Critical Essay)
December 22, 1999... Members and guests of the Market Microstructure Project gathered in Cambridge on December 3 to discuss their recent research. The meeting was organized by Tim Bollerslev, NBER and Duke University; Eric Ghysels, Pennsylvania State University;...

Productivity Program.(National Bureau of Economic Research conference papers)(Industry Trend or Event)(Critical Essay)(Brief Article)
December 22, 1999... Members and guests of the NBER's Program on Productivity, directed by Ernst R. Berndt of MIT, met in Cambridge on December 3. Ariel Pakes, NBER and Harvard University, organized the meeting and chose the following papers for discussion: ...

Behavioral Finance Meeting.(National Bureau of Economic Research conference papers)(Industry Trend or Event)(Critical Essay)
December 22, 1999... The NBER Group on Behavioral Finance held its fall meeting in Cambridge on December 9. Robert J. Shiller, NBER and Yale University, and Richard H. Thaler, NBER and University of Chicago, organized this program: Joseph Chen and Harrison...

Japan Project.(Brief Article)
December 22, 1999... Members and guests of the NBER's Japan Project convened in Tokyo on December 15. Fumio Hayashi, NBER and University of Tokyo, and Anil K Kashyap, NBER and University of Chicago, organized the meeting. The program was: Heather Berry and...

Youth Employment and Joblessness in Advanced Countries.(Review)
December 22, 1999... Youth Employment and Joblessness in Advanced Countries, edited by David G. Blanchflower and Richard B. Freeman, is available from the University of Chicago Press for $68.50. Drawing on comparative data from Canada, Germany, France, Sweden, and...

Issues in the Economics of Immigration.(Review)
December 22, 1999... Issues in the Economics of Immigration, edited by George J. Borjas, is now available from the University of Chicago Press for $55.00. This NBER Conference Report analyzes the economic consequences of immigration across the social spectrum, and...

Deregulation and Interdependence in the Asia-Pacific Region.(Review)
December 22, 1999... Deregulation and Interdependence in the Asia-Pacific Region, edited by Takatoshi Ito and Anne O. Krueger, is available from the University of Chicago Press for $78.00. Real and artificial barriers to international transactions have fallen...

Mergers and Productivity.(Review)
December 22, 1999... Mergers and Productivity, edited by Steven N. Kaplan, is now available from the University of Chicago Press for $40.00. This NBER Conference Report looks at high-profile mergers in a variety of industries. Focusing on specific acquisitions, it...

Wages and Labor Markets in the United States, 1820-60.(Review)
December 22, 1999... Wages and Labor Markets in the United States, 1820-60, written by Robert A. Margo, is available from the University of Chicago Press for $28.00. This is the latest volume in the NBER series on Long-Term Factors in Economic Development. ...