NBER Reporter articles from September 2006

NBER Reporter archives from September 2006

Economics of Education.
September 22, 2006... Over the past few years, the number of Working Papers issued by NBER's Economics of Education Program has grown rapidly, with about five new papers added each month. To cope with the large number of excellent submissions, a spring program...

Realized return volatility, asset pricing, and risk management.
September 22, 2006... It is now widely accepted that expected returns, volatility, and broader financial risk measures all vary over time. In particular, there is a pronounced clustering in return volatility; occasional extreme return outliers--especially on the...

Firms in International Trade.
September 22, 2006... For most of its lengthy history the field of international trade largely ignored the role of the firm in mediating the flow of goods and services. Traditional trade theory explained the flow of goods between countries in terms of comparative...

Economics of the Pharmaceutical Industry.
September 22, 2006... The pharmaceutical industry is important because it is a major source of medical innovation. The U.S. research-based industry invests about 17 percent of sales in R and D, and R and D drives performance of individual firms and industry...

Exchange-rate models.
September 22, 2006... Recent research that my co-authors and I have undertaken, as well as related research by other NBER researchers, suggests that theoretical models of foreign exchange rates are "not as bad as you think." Since the 1970s, models have emphasized...

NBER profile: Torben G. Andersen.(National Bureau of Economic Research)(Brief article)(Biography)
September 22, 2006... Associate in the NBER'S Program on Asset Pricing. He is also the Nathan S. and Mary P. Sharp Distinguished Professor of Finance at Northwestern University's Kellogg School of Management, and is the chair of the International Business and...

NBER profile: Andrew B. Bernard.(National Bureau of Economic Research)(Brief article)
September 22, 2006... Andrew Bernard is an NBER Research Associate in the Program on International Trade and Investment and the Jack Byrne Professor of International Economics at the Tuck School of Business at Dartmouth. Originally from New York City, he received...

NBER profile: Tim Bollerslev.
September 22, 2006... Tim Bollerslev is a Research Associate in the NBER's Program on Asset Pricing. He is also the first Juanita and Clifton Kreps Distinguished Professor of Economics at Duke University and is a Professor of Finance at Duke's Fuqua School of...

NBER profile: Patricia M. Danzon.(National Bureau of Economic Research)(Brief article)(Biography)
September 22, 2006... Patricia Danzon is a Research Associate in the NBER's Program on Health Care and the Celia Moh Professor at q-he Wharton School of Management, University of Pennsylvania. She is also Chair of the Health Care Systems Department and a Professor...

Conferences.(Report on The Private Pension Structure in the United States)(Report)
September 22, 2006... The private pension structure in the United States once was dominated by defined benefit (DB) plans, but currently is divided between DB and defined contribution (DC) plans. Wealth accumulation in DC plans depends on financial market returns,...

NBER conference in Beijing.(National Bureau of Economic Research-China Center for Economic Research )
September 22, 2006... The eighth annual NBER-CCER Conference on China and the World Economy, jointly sponsored by the National Bureau of Economic Research and the China Center for Economic Research at Beijing University, took place in Beijing on June 28-July 1. ...

Mishkin named to Fed board.(Federal Reserve Board appoints Frederic S. Mishkin )(Brief article)
September 22, 2006... NBER Research Associate Frederic S. Mishkin was confirmed by the Senate to fill a vacant seat on the Federal Reserve Board of Governors. His term extends until January 2014. At the Fed, Mishkin joins NBER colleagues Ben S. Bernanke, current...

Twenty-seventh NBER Summer Institute held in 2006.(NBER News)
September 22, 2006... In the summer of 2006, the NBER held its twenty-seventh annual Summer Institute. More than 1300 economists from universities and organizations throughout the world attended. The papers presented at dozens of different sessions during the...

Program and working group meetings.
September 22, 2006... Three of the most important recent facts in global macroeconomics--the sustained rise in the U.S. current account deficit, the stubborn decline in long-run real rates, and the rise in the share of U.S. assets in global portfolios--appear as...