DISCUSSION PAPERS, 2008 (Nos. 1634–1684)

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No. Author(s) Title
CFDP 1634 Fair, Ray C. "Estimating Term Structure Equations Using Macroeconomic Variables" (January 2008) [24pp, abstract]
CFDP 1635 Fair, Ray C. "Estimating Exchange Rate Equations Using Estimated Expectations" (January 2008) [28pp, abstract]
CFDP 1636 Engel, Eduardo
Fischer, Ronald
"Optimal Resource Extraction Contracts under Threat of Expropriation" (January 2008) [32pp, abstract] Reprinted in W. Hogan and F. Sturzenegger (eds.), The Natural Resource Trap, Cambridge: MIT Press, 2010
CFDP 1637 Roemer, John E. "A Positive Theory of Income Taxation Where Politicians Focus upon Swing and Core Voters" (February 2008) [58pp, abstract] Reprinted as "A Theory of Income Taxation where Politicians Focus upon Core and Swing Voters." Social Choice and Welfare (2011), 36(3-4): 383-421 [CFP 1320]
CFDP 1638 Busso, Matias
Kline, Patrick
"Do Local Economic Development Programs Work? Evidence from the Federal Empowerment Zone Program" (February 2008) [58pp, abstract]
CFDP 1639 Anderlini, Luca
Gerardi, Dino
Lagunoff, Roger
"Communication and Learning" (February 2008) [41pp, abstract]
CFDP 1640 Chen, Xiaohong
Pouzo, Demian
"Efficient Estimation of Semiparametric Conditional Moment Models with Possibly Nonsmooth Residuals" (February 2008) [47pp, abstract]
CFDP 1640R Chen, Xiaohong
Pouzo, Demian
"Efficient Estimation of Semiparametric Conditional Moment Models with Possibly Nonsmooth Residuals" (Revised July 2009) [33pp, abstract] Reprinted in Journal of Econometrics (September 2009), 152: 46-60 [CFP 1277]
CFDP 1641 Rozen, Kareen "Conflict Leads to Cooperation in Nash Bargaining" (March 2008, revised June 2009) [17pp, abstract]
CFDP 1642 Rozen, Kareen "Foundations of Intrinsic Habit Formation" (March 2008) [67pp, abstract]
CFDP 1642R Rozen, Kareen "Foundations of Intrinsic Habit Formation" (Revised March 2009) [39pp, abstract, Supplemental Appendix] Reprinted in Econometrica (July 2010), 78(4): 1341-1373 [doi:10.3982/ecta7302]
CFDP 1643 Rozen, Kareen "A 'Dual'-Improved Shortcut to the Long Run" (March 2008) [29pp, abstract]
CFDP 1644 Chen, Xiaohong
Hong, Han
Tarozzi, Alessandro
"Semiparametric Efficiency in GMM Models of Nonclassical Measurement Errors, Missing Data and Treatment Effects" (March 2008) [50pp, abstract]  Reprinted as "Semiparametric Efficiency in GMM Models with Auxiliary Data," Annals of Statistics (2008), 36(2): 808-843 [CFP 1223]
CFDP 1645 Kline, Patrick "Understanding Sectoral Labor Market Dynamics: An Equilibrium Analysis of the Oil and Gas Field Services Industry" (March 2008) [44pp, abstract]
CFDP 1646 Fostel, Ana
Geanakoplos, John
"Emerging Markets in an Anxious Global Economy" (March 2008) [53pp, abstract] Reprinted as "Leverage Cycles and the Anxious Economy," American Economic Review (2008), 98(4): 1211-1244 [CFP 1233]
CFDP 1647 Farmer, J. Doyne
Geanakoplos, John
"The Virtues and Vices of Equilibrium and the Future of Financial Economics" (March 2008) [68pp, abstract]  Reprinted in Complexity (Jan/Feb 2009), 14(3): 11-38 [CFP 1274]
CFDP 1648 Shiller, Robert J. "Derivatives Markets for Home Prices" (March 2008) [27pp, abstract]
CFDP 1649 Jeganathan, P. "Limit Theorems for Functionals of Sums that Converge to Fractional Brownian and Stable Motions" (March 2008) [80pp, abstract]
CFDP 1650 Chen, Xiaohong
Pouzo, Demian
"Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Moments" (April 2008, revised October 2008) [60pp, abstract]
CFDP 1650R Chen, Xiaohong
Pouzo, Demian
"Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Generalized Residuals" (Revised July 2009) [50pp, abstract]
CFDP 1650RR Chen, Xiaohong
Pouzo, Demian
"Estimation of Nonparametric Conditional Moment Models with Possibly Nonsmooth Generalized Residuals" (April 2008, Revised January 2011) [60pp, abstract] Reprinted in Econometrica (January 2012), 80(1): 277-321, plus Supplement, Econometrica Supplementary Material (January 2012), 80(1): 1-27 [CFP 1345]
CFDP 1651 Guggenberger, Patrik "The Impact of a Hausman Pretest on the Size of Hypothesis Tests" (April 2008) [45pp, abstract] Reprinted in Journal of Econometrics (June 2010), 156(2): 337-343 [doi:10.1016/j.jeconom.2009.11.003]
CFDP 1652 Chen, Xiaohong
Hansen, Lars P.
Carrasco, Marine
"Nonlinearity and Temporal Dependence" (May 2008) [31pp, abstract] Reprinted in Journal of Econometrics (April 2010) 155(2): 155-169 [CFP 1298]
CFDP 1652R Chen, Xiaohong
Hansen, Lars P.
Carrasco, Marine
"Nonlinearity and Temporal Dependence" (May 2008, revised October 2009) [40pp, abstract] Reprinted in Journal of Econometrics (April 2010) 155(2): 155-169 [CFP 1298]
CFDP 1653 Phillips, Peter C.B. "Unit Root Model Selection" (May 2008) [14pp, abstract]  Reprinted in Journal of the Japan Statistical Society (2008), 38(1): 65-74 [CFP 1231]
CFDP 1654 Phillips, Peter C.B. "Local Limit Theory and Spurious Nonparametric Regression" (May 2008) [31pp, abstract] Reprinted in Econometric Theory (2009), 25: 1466-1497 [doi:10.1017/S0266466609990223]
CFDP 1655 Phillips, Peter C.B.
Magdalinos, Tassos
"Unit Root and Cointegrating Limit Theory When Initialization Is in the Infinite Past" (May 2008) [31pp, abstract] Reprinted in Econometric Theory (December 2009), 25(6): 1682-1715 [doi:10/10.1017/S0266466609990296]
CFDP 1656 Phillips, Peter C.B. "Long Memory and Long Run Variation" (May 2008) [23pp, abstract] Reprinted in Journal of Econometrics (2009) 151: 150-158. [CFP 1267]
CFDP 1657 Wang, Qiying
Phillips, Peter C.B.
"Structural Nonparametric Cointegrating Regression" (May 2008) [25pp, abstract]   Reprinted in Econometrica (November 2009), 77(6): 1901-1948 [CFP 1289]
CFDP 1658 Cheng, Xu
Phillips, Peter C.B.
"Semiparametric Cointegrating Rank Selection" (May 2008) [23pp, abstract] Reprinted in Econometrics Journal (2009), 12: S83-S104 [CFP 1272]
CFDP 1659 Phillips, Peter C.B.
Magdalinos, Tassos
Giraitis, Liudas
"Smoothing Local-to-Moderate Unit Root Theory" (May 2008) [17pp, abstract] Reprinted in Journal of Econometrics (2010), 158: 274-279 [CFP 1309]
CFDP 1660 Otsu, Taisuke
Seo, Myung Hwan
Whang, Yoon-Jae
"Testing for Non-Nested Conditional Moment Restrictions Using Unconditional Empirical Likelihood" (May 2008) [29pp, abstract] Forthcoming in Journal of Econometrics
CFDP 1661 Sun, Yixiao
Phillips, Peter C.B.
"Optimal Bandwidth Choice for Interval Estimation in GMM Regression" (May 2008) [93pp, abstract]
CFDP 1662 Geanakoplos, John
Polemarchakis, H.M.
"Pareto Improving Taxes" (May 2008) [28pp, abstract] Reprinted in Journal of Mathematical Economics (2008), 44: 682-696 [CFP 1235]
CFDP 1663 Geanakoplos, John "Overlapping Generations Models of General Equilibrium" (May 2008) [40pp, abstract] Reprinted in Steven N. Durlauf and Lawrence E. Blume, eds., The New Palgrave Dictionary of Economics, 2d ed. Palgrave Macmillan, 2008 [CFP 1275]
CFDP 1664 Geanakoplos, John
Zeldes, Stephen P.
"Reforming Social Security with Progressive Personal Accounts" (May 2008) [55pp, abstract] Reprinted in Jeffrey R. Brown, Jeffrey B. Liebman and David A. Wise, eds., Social Security Policy in a Changing Environment. University of Chicago Press, 2009, pp. 73-121 [CFP 1276]
CFDP 1665 Andrews, Donald W.K.
Guggenberger, Patrik
"Asymptotics for LS, GLS, and Feasible GLS Statistics in an AR(1) Model with Conditional Heteroskedaticity" (June 2008) [46pp, abstract]
CFDP 1665R Andrews, Donald W.K.
Guggenberger, Patrik
"Asymptotics for LS, GLS, and Feasible GLS Statistics in an AR(1) Model with Conditional Heteroskedasticity" (June 2008, Revised March 2010) [53pp, abstract]
CFDP 1665RR Andrews, Donald W.K.
Guggenberger, Patrik
"Asymptotics for LS, GLS, and Feasible GLS Statistics in an AR(1) Model with Conditional Heteroskedasticity" (June 2008, Revised February 2012) [55pp, abstract] Reprinted in Journal of Econometrics (August 2012), 169(2): 196-210 [CFP 1365]
CFDP 1666 Bergemann, Dirk
Morris, Stephen
"Robust Implementation in General Mechanisms" (June 2008) [51pp, abstract] Reprinted in Games and Economic Behavior (2011), 71: 261-281 [CFP 1316]
CFDP 1666R Bergemann, Dirk
Morris, Stephen
"Robust Implementation in General Mechanisms" (June 2008, revised January 2009) [41pp, abstract] Reprinted in Games and Economic Behavior (2011), 71: 261-281 [CFP 1316]
CFDP 1667 Bracha, Anat
Brown, Donald J.
"Affective Decision Making and the Ellsberg Paradox" (June 2008) [9pp, abstract]
CFDP 1667R Bracha, Anat
Brown, Donald J.
"Affective Decision Making and the Ellsberg Paradox" (June 2008, revised August 2008) [19pp, abstract]
CFDP 1668 Altonji, Joseph G.
Ichimura, Hidehiko
Otsu, Taisuke
"Estimating Derivatives in Nonseparable Models with Limited Dependent Variables" (July 2008) [41pp, abstract]
CFDP 1668R Altonji, Joseph G.
Ichimura, Hidehiko
Otsu, Taisuke
"Estimating Derivatives in Nonseparable Models with Limited Dependent Variables" (July 2008, Revised May 2011) [20pp, abstract] Reprinted in Econometrica (July 2012), 80(4): 1701-1719 [CFP 1369]
CFDP 1669 Chen, Keith "Rationalization and Cognitive Dissonance: Do Choices Affect or Reflect Preferences?" (July 2008) [18pp, abstract]
CFDP 1670 Ambrus, Attila
Rozen, Kareen
"Rationalizing Choice with Multi-Self Models" (July 2008, revised July 2011) [41pp, abstract]
CFDP 1671 Andrews, Donald W.K.
Han, Sukjin
"Invalidity of the Bootstrap and the m Out of n Bootstrap for Interval Endpoints Defined by Moment Inequalities" (July 2008) [23pp, abstract]  Reprinted in Econometrics Journal (2009), 12: S172-S199 [CFP 1273]
CFDP 1672 Bergemann, Dirk
Välimäki, Juuso
"The Dynamic Pivot Mechanism" (August 2008) [28pp, abstract]
CFDP 1672R Bergemann, Dirk
Välimäki, Juuso
"The Dynamic Pivot Mechanism" (Revised December 2009) [30pp, abstract] Reprinted in Econometrica (March 2010), 78(2): 771-789 [CFP 1293]
CFDP 1673 Llavador, Humberto
Roemer, John E.
Silvestre, Joaquim
"A Dynamic Analysis of Human Welfare in a Warming Planet" (August 2008) [69pp, abstract]
CFDP 1673R Llavador, Humberto
Roemer, John E.
Silvestre, Joaquim
"A Dynamic Analysis of Human Welfare in a Warming Planet" (Revised April 2009) [69pp, abstract]
CFDP 1674 Shubik, Martin "Innovation and Equilibrium?" (September 2008) [16pp, abstract]
CFDP 1675 Huber, Juergen
Shubik, Martin
Sunder, Shyam
"The Value of Fiat Money with an Outside Bank: An Experimental Game" (September 2008, revised April 2010) [45pp, abstract]
CFDP 1675R Huber, Juergen
Shubik, Martin
Sunder, Shyam
"Sufficiency of an Outside Bank and a Default Penalty to Support the Value of Fiat Money: Experimental Evidence" (September 2008, April 2010, Revised July 2013) [47pp, abstract]
CFDP 1676 Andrews, Donald W.K.
Jia, Panle
"Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure" (September 2008) [81pp, abstract]
CFDP 1676R Andrews, Donald W.K.
Jia, Panle
"Inference for Parameters Defined by Moment Inequalities: A Recommended Moment Selection Procedure," Supplement (September 2008, Revised August 2011) [26pp, abstract] Reprinted in Econometrica (November, 2012), 80(6): 2805–2826 [CFP 1372]
CFDP 1677 Che, Yeon-Koo
Kojima, Fuhito
"Asymptotic Equivalence of Probabilistic Serial and Random Priority Mechanisms" (October 2008) [37pp, abstract]
CFDP 1678 Robson, Arthur
Samuelson, Larry
"The Evolution of Decision and Experienced Utilities" (October 2008, revised February 2010) [29pp, abstract]
CFDP 1679 Chen, Xiaohong
Koenker, Roger
Xiao, Zhijie
"Copula-Based Nonlinear Quantile Autoregression" (October 2008) [30pp, abstract] Reprinted in Econometrics Journal (January 2009), 12(1): S50-S67 [CFP 1281]
CFDP 1680 Gerardi, Dino
Maestri, Lucas
"A Principal-Agent Model of Sequential Testing" (October 2008) [47pp, abstract]
CFDP 1681 Karatzas, I.
Shubik, M.
Sudderth, W.D.
"Financial Control of a Competitive Economy without Randomness" (October 2008) [31pp, abstract]
CFDP 1682 Bergemann, Dirk
Hege, Ulrich
Peng, Liang
"Venture Capital and Sequential Investments" (November 2008) [59pp, abstract]
CFDP 1682R Bergemann, Dirk
Hege, Ulrich
Peng, Liang
"Venture Capital and Sequential Investments" (Revised March 2009) [61pp, abstract]
CFDP 1682RR Bergemann, Dirk
Hege, Ulrich
Peng, Liang
"Venture Capital and Sequential Investments" (Revised October 2009) [64pp, abstract]
CFDP 1683 Chen, Xiaohong
Fan, Yanqin
Pouzo, Demian
Ying, Zhiliang
"Estimation and Model Selection of Semiparametric Multivariate Survival Functions under General Censorship" (November 2008) [38pp, abstract]  Reprinted in Journal of Econometrics (July 2010), 157(1): 129-142 [CFP 1299]
CFDP 1684R Hörner, Johannes
Samuelson, Larry
"Managing Strategic Buyers" (November 2008, revised September 2010) [67pp, abstract] Reprinted in Journal of Political Economy (June 2011), 119(2): 379-425 [http://www.jstor.org/stable/10.1086/660902]
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