### Submissions from 2000

Confidence Intervals, Donald W.K. Andrews and Moshe Buchinsky

Bargaining and Markets: Complexity and the Walrasian Outcome, Hamid Sabourian

Default in a General Equilibrium Model with Incomplete Markets, Pradeep Dubey, John Geanakoplos, and Martin Shubik

Information Acquisition and Efficient Mechanism Design, Dirk Bergemann and Juuso Välimäki

### Submissions from 1999

Coordination Risk and the Price of Debt, Stephen Morris and Hyun Song Shin

Coordination Risk and the Price of Debt, Stephen Morris and Hyun Song Shin

Discrete Fourier Transforms of Fractional Processes, Peter C.B. Phillips

Maximum Likelihood Estimation in Panels with Incidental Trends, Hyungsik Roger Moon and Peter C.B. Phillips

Nonlinear Econometric Models with Cointegrated and Deterministically Trending Regressors, Yoosoon Chang, Joon Y. Park, and Peter C.B. Phillips

Political Correctness, Stephen Morris

Unit Root Log Periodogram Regression, Peter C.B. Phillips

Repeated Games with Almost-Public Monitoring, George J. Mailath and Stephen Morris

Stationary Multi Choice Bandit Problems, Dirk Bergemann and Juuso Välimäki

Strategic Buyers and Privately Observed Prices, Dirk Bergemann and Juuso Välimäki

Survey of Multifractality in Finance, Benoit Mandelbrot

World Income Components: Measuring and Exploiting Risk-Sharing Opportunities, Stefano G. Athanasoulis and Robert J. Shiller

Contractual Intermediaries, Garey Ramey and Joel Watson

Consistent Model and Moment Selection Criteria for GMM Estimation with Application to Dynamic Panel Data Models, Donald W.K. Andrews and Biao Lu

On Minsky's Agenda for Reform, James Tobin

Higher-order Improvements of a Computationally Attractive k-step Bootstrap for Extremum Estimators, Donald W.K. Andrews

Higher-order Improvements of a Computationally Attractive k-Step Bootstrap for Extremum Estimators, Donald W.K. Andrews

Testing When a Parameter Is on the Boundary of the Maintained Hypothesis, Donald W.K. Andrews

Vertical Integration, Networks, and Markets, Rachel E. Kranton and Deborah F. Minehart

Vertical Integration, Networks, and Markets], Rachel E. Kranton and Deborah F. Minehart

An Empirical Model of Inventory Investment by Durable Commodity Intermediaries, George J. Hall and John Rust

Descriptive Econometrics for Nonstationary Time Series with Empirical Illustrations, Peter C.B. Phillips

Entry and Innovation in Vertically Differentiated Markets, Dirk Bergemann and Juuso Välimäki

Estimation of Autoregressive Roots Near Unity Using Panel Data, Hyungsik Roger Moon and Peter C.B. Phillips

Linear Regression Limit Theory for Nonstationary Panel Data, Peter C.B. Phillips and Hyungsik Roger Moon

Nonstationary Binary Choice, Joon Y. Park and Peter C.B. Phillips

Nonstationary Panel Data Analysis: An Overview of Some Recent Developments, Peter C.B. Phillips and Hyungsik Roger Moon

Toward a Theory of Reinsurance and Retrocession, Michael R. Powers and Martin Shubik

Conditioning Institutions and Renegotiation, Garey Ramey and Joel Watson

Starting Small and Commitment, Joel Watson

Starting Small in an Unfamiliar Environment, James Rauch and Joel Watson

Contract-Theoretic Approaches to Wages and Displacement, Wouter J. den Haan, Garey Ramey, and Joel Watson

Experimentation in Markets, Dirk Bergemann and Juuso Välimäki

Liquidity Flows and Fragility of Business Enterprises, Wouter J. den Haan, Garey Ramey, and Joel Watson

Empirical Limits for Time Series Econometric Models, Werner Ploberger and Peter C.B. Phillips

Measuring Bubble Expectations and Investor Confidence, Robert J. Shiller

Rationalizable Trade, Stephen Morris and Costis Skiadas

The Hierarchical Approach to Modeling Knowledge and Common Knowledge, Ronald Fagin, John Geanakoplos, Joseph Y. Halpern, and Moshe Y. Vardi

Pareto Improving Price Regulation When the Asset Market Is Incomplete, Jean-Jacques Herings and Heracles M. Polemarchakis

Work Motivation, Truman F. Bewley

Decomposable Choice Under Uncertainty, Simon Grant, Atsushi Kajii, and Ben Polak

Preference for Information and Dynamic Consistency, Simon Grant, Atsushi Kajii, and Ben Polak

### Submissions from 1998

A Theory of the Onset of Currency Attacks, Stephen Morris and Hyun Song Shin

Cheap Talk and Co-ordination with Payoff Uncertainty, Sandeep Baliga and Stephen Morris

Dynamic Common Agency, Dirk Bergemann and Juuso Välimäki

Estimating Yield Curves by Kernel Smoothing Methods, Oliver B. Linton, E. Mammen, Jens Perch Nielsen, and C. Tanggaard

Fiat Money and the Efficient Financing of the Float, Production and Consumption. Part I: The Float, Martin Shubik

Jeffreys Prior Analysis of the Simultaneous Equations Model in the Case with n + 1 Endogenous Variables, John C. Chao and Peter C.B. Phillips

New Unit Root Asymptotics in the Presence of Deterministric Trends, Peter C.B. Phillips

Price Competition for an Informed Buyer, Giuseppe Moscarini and Marco Ottaviani

Requiem for Kyoto: An Economic Analysis of the Kyoto Protocol, William D. Nordhaus and Joseph G. Boyer

Rissanen's Theorem and Econometric Time Series, Werner Ploberger and Peter C.B. Phillips

The Health of Nations: Irving Fisher and the Contribution of Improved Longevity to Living Standard, William D. Nordhaus

Finance Applications of Game Theory, Franklin Allen and Stephen Morris

A Primer on Unit Root Testing, Peter C.B. Phillips and Zhijie Xiao

Higher Order Approximations for Wald Statistics in Cointegrating Regressions, Zhijie Xiao and Peter C.B. Phillips

How to Estimate Autoregressive Roots Near Units, Peter C.B. Phillips, Hyungsik Roger Moon, and Zhijie Xiao

Nonlinear Regressions with Integrated Time Series, Joon Y. Park and Peter C.B. Phillips

Social Security Money's Worth, John Geanakoplos, Olivia S. Mitchell, and Stephen P. Zeldes

Would a Privatized Social Security System Really Pay a Higher Rate of Return, John Geanakoplos, Olivia S. Mitchell, and Stephen P. Zeldes

A Monetary Policy: Recent Theory and Practice, James Tobin

Financial Globalization: Can National Currencies Survive?, James Tobin

Nonparametric Censored Regression, Arthur Lewbel and Oliver B. Linton

Social Security and Institutions for Intergenerational, Intragenerational and International Risk Sharing, Robert J. Shiller

A Strategic Market Game with Active Bankruptcy, John Geanakoplos, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

Asymptotics for Nonlinear Transformations of Integrated Time Series, Joon Y. Park and Peter C.B. Phillips

Econometric Analysis of Fisher’s Equation, Peter C.B. Phillips

Game Theory, Complexity and Simplicity. Part III: Critique and Prospective, Martin Shubik

Nonstationary Density Estimation and Kernel Autoregression, Peter C.B. Phillips and Joon Y. Park

Designing Indexed Units of Account, Robert J. Shiller

Moral Hazard in Home Equity Conversion, Robert J. Shiller and Allan N. Weiss

On the Skiadas ‘Conditional Preference Approach’ to Choice Under Uncertainty, Simon Grant, Atsushi Kajii, and Ben Polak

Wald Revisited: The Optimal Level of Experimentation, Giuseppe Moscarini and Lones Smith

Estimation of Nonparametric Functions in Simultaneous Equations Models, with an Application to Consumer Demand, Donald J. Brown and Rosa L. Matzkin

Some Simple Games for Teaching and Research. Part 1: Cooperative Games, Martin Shubik

The Equivalence of the Dekel-Fudenberg Iterative Procedure and Weakly Perfect Rationalizability, Jean-Jacques Herings and Vincent J. Vannetelbosch

Human Behavior and the Efficiency of the Financial System, Robert J. Shiller

Indexed Units of Account: Theory and Assessment of Historical Experience, Robert J. Shiller

Uniqueness, Stability, and Comparative Statics in Rationalizable Walrasian Markets, Donald J. Brown and Chris Shannon

### Submissions from 1997

Evaluating the Information Content and Money Making Ability of Forecasts from Exchange Rate Equations, Ray C. Fair

Non-Convex Costs and Capital Utilization: A Study of Production Scheduling at Automobile Assembly Plants, George J. Hall

Why Not Cut Pay?, Truman F. Bewley

A Multifractal Model of Asset Returns, Benoit Mandelbrot, Adlai Fisher, and Laurent Calvet

An ADF Coefficient Test for A Unit Root in ARMA Models of Unknown Order with Empirical Applications to the U.S. Economy, Zhijie Xiao and Peter C.B. Phillips

Band Spectral Regression with Trending Data, Dean Corbae, Sam Ouliaris, and Peter C.B. Phillips

Large Deviations and the Distribution of Price Changes, Laurent Calvet, Adlai Fisher, and Benoit Mandelbrot

Multifractality of Deutschemark/US Dollar Exchange Rates, Adlai Fisher, Laurent Calvet, and Benoit Mandelbrot

Regressions for Partially Identified, Cointegrated Simultaneous Equations, In Choi and Peter C.B. Phillips

The Existence and Asymptotic Properties of a Backfitting Projection Algorithm under Weak Conditions, Oliver B. Linton, E. Mammen, and Jens Perch Nielsen

A Model of a Predatory State, Boaz Moselle and Ben Polak

A Stochastic Infinite-horizon Economy with Secured Lending, or Unsecured Lending and Bankruptcy, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

Simple Counterexample to the Bootstrap, Donald W.K. Andrews

The Experiment in Applied Econometrics, James Tobin

Model Selection in Partially Nonstationary Vector Autoregressive Processes with Reduced Rank Structure, John C. Chao and Peter C.B. Phillips

Estimation When a Parameter Is on a Boundary: Theory and Applications, Donald W.K. Andrews

The Significance of the Market Portfolio, Stefano G. Athanasoulis and Robert J. Shiller

Beyond the CPI: An Augmented Cost of Living Index (ACOLI), William D. Nordhaus

Second Order Approximation in a Linear Regression with Heteroskedasticity for Unknown Form, Oliver B. Linton

Can We Grow Faster?, James Tobin

Supply Constraints on Employment and Output: NAIRU versus Natural Rate, James Tobin

Asset Markets and Investment Decisions, A. De Waegenaere, Heracles M. Polemarchakis, and L. Ventura

Some Higher Order Theory for a Consistent Nonparametric Model Specification Test, Yanqin Fan and Oliver B. Linton

Consistent Moment Selection Procedures for Generalized Method of Moments Estimation, Donald W.K. Andrews

Expanding the Scope of Individual Risk Management: Moral Hazard and Other Behavioral Considerations, Robert J. Shiller

Stochastic Algorithms for Dynamic Models: Markov Perfect Equilibrium, and the ‘Curse’ of Dimensionality, Ariel Pakes and Paul McGuire

### Submissions from 1996

Promises Promises, John Geanakoplos

The Generalized War of Attrition, Jeremy I. Bulow and Paul D. Klemperer

Bayesian Posterior Distributions in Limited Information Analysis of the Simultaneous Equations Model Using the Jeffreys’ Prior, John C. Chao and Peter C.B. Phillips

Conditional Independence Restrictions: Testing and Estimation, Oliver B. Linton and Pedro Gozalo

Hyperfinite Asset Pricing Theory, M. Ali Khan and Yeneng Sun

Market Diffusion with Two-Sided Learning, Dirk Bergemann and Juuso Välimäki

On the Number of Bootstrap Repetitions for Bootstrap Standard Errors, Confidence Internals, and Tests, Donald W.K. Andrews and Moshe Buchinsky

Prices, Asset Markets and Indeterminacy, Heracles M. Polemarchakis and P. Siconolfi

Spurious Regression Unmasked, Peter C.B. Phillips

Efficiency Gains from Quasi-Differencing under Nonstationarity, Peter C.B. Phillips and Chin Chin Lee

Exchange and Optimality, S. Ghosal and Heracles M. Polemarchakis

Price Variations in a Stock Market with Many Agents, Per Bak, Maya Paczuski, and Martin Shubik

Estimated Inflation Costs Had European Unemployment Been Reduced in the 1980s by Macro Prices, Ray C. Fair

Nash and Walras Equilibrium Via Brouwer, John Geanakoplos

Nash and Walras Equilibrium via Brouwer, John Geanakoplos

Nash and Walras Equilibrium via Brouwer, John Geanakoplos

The Limiting Behavior of Kernel Estimates of the Lyapunov Exponent for Stochastic Time Series, Yoon-Jae Whang and Oliver B. Linton

The Hangman's Paradox and Newcomb's Paradox as Psychological Games, John Geanakoplos

A Scorecard for Indexed Government Debt, John Y. Campbell and Robert J. Shiller

Hedging with Derivatives in Incomplete Markets, Charalambos D. Aliprantis, Donald J. Brown, and J. Werner

Matrices with Identical Sets of Neighbors, Imre Bárány and Herbert E. Scarf

Tests of Seasonal and Non-Seasonal Serial Correlation, Donald W.K. Andrews, Xuemei Liu, and Werner Ploberger

Three Brief Proofs of Arrow's Impossibility Theorem, John Geanakoplos

A Stopping Rule for the Computation of Generalized Method of Moments Estimators, Donald W.K. Andrews

Market Experimentation and Pricing, Dirk Bergemann and Juuso Välimäki

Semiparametric Estimation of a Sample Selection Model, Donald W.K. Andrews and Marcia A. Schafgans

Testing the Standard View of the Long-Run Unemployment-Inflation Relationship, Ray C. Fair

Three Brief Proofs of Arrow's Impossibility Theorem, John Geanakoplos

Three Brief Proofs of Arrow's Impossibility Theorem, John Geanakoplos

Two Brief Proofs of Arrow's Impossibility Theorem, John Geanakoplos

An Asymptotic Expansion in the Garch(1,1) Model, Oliver B. Linton

Explaining the Labor Force Participation of Women 20-24, Ray C. Fair and Diane J. Macunovich

What is the Value of Scientific Knowledge? An Application to Global Warming Using the PRICE Model, William D. Nordhaus and David Popp

Why Do People Dislike Inflation?, Robert J. Shiller

Learning and Strategic Pricing, Dirk Bergemann and Juuso Välimäki

Preference for Information, Simon Grant, Atsushi Kajii, and Ben Polak

Time and Money, Martin Shubik

### Submissions from 1995

A Conditional Kolmogorov Test, Donald W.K. Andrews

Evaluating the Probability of Failure of a Banking Firm, Moshe Buchinsky and Oved Yosha

Labor Income Indices Designed for Use in Contracts Promoting Income Risk Management, Robert J. Shiller and Ryan Schneider

Testable Restrictions on the Equilibrium Manifold, Donald J. Brown and Rosa L. Matzkin

Information Externalities, Share-Price Based Incentives and Managerial Behaviour, Simon Grant, Stephen King, and Ben Polak

Testing Additivity in Generalized Nonparametric Regression Models, Pedro Gozalo and Oliver B. Linton

Adaptive Testing in ARCH Models, Oliver B. Linton and Douglas G. Steigerwald

Automated Forecasts of Asia-Pacific Economic Activity, Peter C.B. Phillips

Impulse Response and Forecast Error Variance Asymptotics in Nonstationary VAR's, Peter C.B. Phillips

Unit Root Tests, Peter C.B. Phillips

A Strategic Market Game with Secured Lending, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

Banks versus Bonds: A Simple Theory of Comparative Financial Institutions, Sandeep Baliga and Ben Polak

How Should We Measure Sustainable Income?, William D. Nordhaus

Mortgage Default Risk and Real Estate Prices: The Use of Index-Based Futures and Options in Real Estate, Robert J. Shiller, Karl E. Case, and Allan N. Weiss

World Income Components: Measuring and Exploiting International Risk Sharing Opportunities, Robert J. Shiller and Stefano G. Athanasoulis

Quantile Regression Model with Unknown Censoring Point, Moshe Buchinsky and Jinyong Hahn

An Overview of the General Theory, James Tobin

A Bound on the Number of Nash Equilibria in a Coordination Game, Thomas Quint and Martin Shubik

Conversation, Information, and Herd Behavior, Robert J. Shiller

Dumb Bugs and Bright Noncooperative Players: Games, Context and Behavior, Thomas Quint, Martin Shubik, and Dickey Yan

Evaluating Alternative Monetary Policy Rules, Ray C. Fair and E. Philip Howrey

Unemployment and Liquidity Constraints, Vassilis A. Hajivassiliou and Yannis M. Ioannides

### Submissions from 1994

A Model of Migration, Thomas Quint and Martin Shubik

On the Number of Nash Equilibria in a Bimatrix Game, Thomas Quint and Martin Shubik

The Topological Structure of Maximal Lattice Free Convex Bodies: The General Case, Imre Bárány, Herbert E. Scarf, and David F. Shallcross

Edgeworth Approximation for MINPIN Estimators in Semiparametric Regression Models, Oliver B. Linton

Error Bands for Impulse Responses, Christopher A. Sims and Tao Zha

The Effect of Economic Events on Votes for President: 1992 Update, Ray C. Fair

Do Real Output and Real Wage Measures Capture Reality? The History of Lighting Suggests Not, William D. Nordhaus

Fully Modified IV, GIVE and GMM Estimation with Possibly Non-stationary Regressions and Instruments, Yuichi Kitamura and Peter C.B. Phillips

Model Determination and Macroeconomic Activity, Peter C.B. Phillips

Nonstationary Time Series and Cointegration: Recent Books and Themes for the Future, Peter C.B. Phillips

Robust Tests of Forward Exchange Market Efficiency with Empirical Evidence from the 1920’s, Peter C.B. Phillips, James W. McFarland, and Patrick C. McMahon

Testing for Serial Correlation against an ARMA(1,1) Process, Donald W.K. Andrews and Werner Ploberger

Insurance Market Games: Scale Effects and Public Policy, Michael R. Powers, Martin Shubik, and Shuntian Yao

Local Nonlinear Least Squares Estimation: Using Parametric Information Nonparametrically, Pedro Gozalo and Oliver B. Linton

Home Equity Insurance, Robert J. Shiller and Allan N. Weiss

Financing Trade and the Price Level: Problems with the Description of Markets, Expectations, Money and Credit, Martin Shubik

Health Care Reform as Seen by a General Economist, James Tobin

Is Monetary Policy Becoming Less Effective?, Ray C. Fair

Ponzi Finance, Government Solvency and the Redundancy or Usefulness of Public Debt, Willem H. Buiter and Kenneth M. Kletzer

Applied Nonparametric Methods, Wolfgang Härdle and Oliver B. Linton

A Limit Theorem for a Smooth Class of Semiparametric Estimators, Ariel Pakes and Steven Olley

Marching to Different Drummers: Coordination and Independence in Monetary and Fiscal Policies, William D. Nordhaus

The Allocation of Resources in the Presence of Indivisibilities, Herbert E. Scarf

### Submissions from 1993

Second Order Approximation in the Partially Linear Regression Model, Oliver B. Linton

Robust Nonstationary Regression, Peter C.B. Phillips

Macroeconomic Shocks in an Aggregative Disequilibrium Model, Vassilis A. Hajivassiliou

The Natural Rate as New Classical Macroeconomics, James Tobin

A Simulation Estimation Analysis of the External Debt Crises of Developing Countries, Vassilis A. Hajivassiliou

Empirical Process Methods in Econometrics, Donald W.K. Andrews

The Theory of Money and Financial Institutions, Martin Shubik

Common Knowledge, John Geanakoplos

Forward Exchange Market Unbiasedness: The Case of the Australian Dollar Since 1984, Peter C.B. Phillips and James W. McFarland

Nonlinear Econometric Models with Deterministically Trending Variables, Donald W.K. Andrews and John McDermott

On the Sources and Significance of Interindustry Differences in Technological Opportunities, Alvin K. Klevorick, Richard C. Levin, Richard R. Nelson, and Sidney G. Winter

Admissibility of the Likelihood Ratio Test When a Nuisance Parameter Is Present Only under the Alternative, Donald W.K. Andrews and Werner Ploberger

Classical Estimation Methods for LDV Models Using Simulation, Vassilis A. Hajivassiliou and Paul A. Ruud

Simulating Normal Rectangle Probabilities and Their Derivatives: The Effects of Vectorization, Vassilis A. Hajivassiliou

Aggregate Income Risks and Hedging Mechanisms, Robert J. Shiller

The Money Rate of Interest and the Influence of Assets in a Multistage Economy with Gold or Paper Money: Part I, Martin Shubik and Shuntian Yao

The Money Rate of Interest and the Influence of Assets in a Multistage Economy with Gold or Paper Money: Part II, Martin Shubik and Shuntian Yao

Fully Modified Least Squares and Vector Autoregression, Peter C.B. Phillips

Hypothesis Testing with a Restricted Parameter Space, Donald W.K. Andrews

Measuring the Impact of Global Warming in Agriculture, Robert Mendelsohn, William D. Nordhaus, and Daigee Shaw

Adaptive Estimation in ARCH Models, Oliver B. Linton

An Old Keynesian Counterattacks, James Tobin

A Strategic Market Game with Seigniorage Costs of Fiat Money, Martin Shubik and Dimitrios P. Tsomocos

Behavioral Heterogeneity and Cournot Oligopoly Equilibrium, Jean-Michel Grandmont

### Submissions from 1992

An Alternative Theory of Firm and Industry Dynamics, Richard Ericson and Ariel Pakes

Hyper-Consistent Estimation of a Unit Root in Time Series Regression, Peter C.B. Phillips

Measuring Asset Values for Cash Settlement in Derivative Markets: Hedonic Repeated Measures Indices and Perpetual Futures, Robert J. Shiller

Some Dynamics of a Strategic Market Game with a Large Number of Agents, John M. Miller and Martin Shubik

Some Exact Distribution Theory for Maximum Likelihood Estimators of Cointegrating Coefficients in Error Correction Models, Peter C.B. Phillips

The Complex of Maximal Lattice Free Simplices, Imre Bárány, Roger Howe, and Herbert E. Scarf

The Large Sample Correspondence Between Classical Hypothesis Tests and Bayesian Posterior Odds Tests, Donald W.K. Andrews

Construction of Stationary Markov Equilibria in a Strategic Market Game, Ioannis Karatzas, Martin Shubik, and William D. Sudderth

Time Series Modeling with a Bayesian Frame of Reference: Concepts, Illustrations and Asymptotics, Peter C.B. Phillips and Werner Ploberger

Is Gold an Efficient Store of Value?, Pradeep Dubey, John Geanakoplos, and Martin Shubik

Poverty in Relation to Macroeconomic Trends, Cycles, and Policies, James Tobin

Tjalling Charles Koopmans (August 28, 1910–February 26, 1985), Herbert E. Scarf

Approximately Median-Unbiased Estimation of Autoregressive Models with Applications to U.S. Macroeconomic and Financial Time Series, Donald W.K. Andrews and Hong-Yuan Chen

Bayes Methods for Trending Multiple Time Series with an Empirical Application to the US Economy, Peter C.B. Phillips

Bayes Models and Forecasts of Australian Macroeconomic Time Series, Peter C.B. Phillips

Bayesian Model Selection and Prediction with Empirical Applications, Peter C.B. Phillips

On the Periodic Structure of the Business Cycle, Eric Ghysels

A Nine Variable Probabilistic Macroeconomic Forecasting Model, Christopher A. Sims

Expectations Driven Nonlinear Business Cycles, Jean-Michel Grandmont

Rolling the ‘Dice’: An Optimal Transition Path for Controlling Greenhouse Gases, William D. Nordhaus

An Introduction to Econometric Random Variables, Donald W.K. Andrews

A Note on the Dual Approach to the Existence and Characterization of Optimal Consumption Decisions under Uncertainty and Liquidity Constraints, Vassilis A. Hajivassiliou and Yannis M. Ioannides

Christmas, Spring and the Dawning of Economic Recovery, Eric Ghysels

Posterior Odds Testing for a Unit Root with Data-Based Model Selection, Peter C.B. Phillips and Werner Ploberger

Simulation of Multivariate Normal Orthant Probabilities: Theoretical and Computational Results, Vassilis A. Hajivassiliou, Daniel McFadden, and Paul A. Ruud

Optimal Changepoint Tests for Normal Linear Regression, Donald W.K. Andrews, Inpyo Lee, and Werner Ploberger

Optimal Tests When a Nuisance Parameter is Present Only under the Alternative, Donald W.K. Andrews and Werner Ploberger

Expanding the Scope of Expectations Data Collection: The U.S. and Japanese Stock Markets, Robert J. Shiller, Fumiko Kon-Ya, and Yoshiro Tsutsui

Interpreting the Macroeconomic Time Series Facts: The Effects of Moentary Policy, Christopher A. Sims

Money, James Tobin

Estimates of the Bias of Lagged Dependent Variable Coefficient Estimates in Macroeconomic Equations, Ray C. Fair

The Cowles Commission Approach, Real Business Cycle Theories, and New Keynesian Economics, Ray C. Fair

The ‘Dice’ Model: Background and Structure of a Dynamic Integrated Climate-Economy Model of the Economics of Global Warming, William D. Nordhaus

The Impact Climate on Agriculture: A Ricardian Approach, Robert Mendelsohn, William D. Nordhaus, and Daigee Shaw

Empirical Implications of Arbitrage-Free Asset Markets, S. Maheswaran and Christopher A. Sims

Index-Based Futures and Options Markets in Real Estate, Karl E. Case, Robert J. Shiller, and Allan N. Weiss

Simulation Estimation Methods for Limited Dependent Variable Models, Vassilis A. Hajivassiliou

Transactions Loans, Intertemporal Loans, Variable Velocity, the Rates of Interest and Commodity Money: Part 1. Transactions Loans, Martin Shubik and Shuntian Yao

### Submissions from 1991

A Bayesian Analysis of Trend Determination in Economic Time Series, Eric Zivot and Peter C.B. Phillips

A Reexamination of the Consumption Function Using Frequency Domain Regressors, Dean Corbae, Sam Ouliaris, and Peter C.B. Phillips

Classification of Two-Person Ordinal Bimatrix Games, Imre Bárány, Jon Lee, and Martin Shubik

Commentary on Irving Fisher, James Tobin

English Translation, Yale University Press, James Tobin

International Currency Regimes, Capital Mobility, and Macroeconomic Policy, James Tobin

On the Internationalization of Portfolios, William C. Brainard and James Tobin

Price Flexibility and Output Stability: An Old Keynesian View, James Tobin

The Long-Run Australian Consumption Function Reexamined: An Empirical Exercise in Bayesian Influence, Peter C.B. Phillips

The Tail Behavior of Maximum Likelihood Estimates of Cointegrating Coefficients in Error Correction Models, Peter C.B. Phillips

Unidentified Components in Reduced Rank Regression Estimation of ECM's, Peter C.B. Phillips

Unit Roots, Peter C.B. Phillips

Vector Autoregression and Causality: A Theoretical Overview and Simulation Study, Hiro Y. Toda and Peter C.B. Phillips

An Implementation of the Generalized Basis Reduction Algorithm for Integer Programming, William Cook, Thomas Rutherford, Herbert E. Scarf, and David F. Shallcross

Bayesian Routes and Unit Roots: de rebus prioribus semper est disputandum, Peter C.B. Phillips

Comment on ‘To Criticize the Critics’, by Peter C.B. Phillips, Christopher A. Sims

Dynamic Structural Models: Problems and Prospects. Mixed Continuous Discrete Controls and Market Interactions, Ariel Pakes

How Fast Do Old Men Slow Down?, Ray C. Fair

The Ecology of Markets, William D. Nordhaus

Transformations of the Commodity Space, Behavioral Heterogeneity and the Aggregation Problem, Jean-Michel Grandmont

Repeated Games: Cooperation and Rationality, David G. Pearce

Stabilizing the Soviet Economy, William D. Nordhaus

A Bound of the Proportion of Pure Strategy Equilibria in Generic Games, Faruk Gul, David G. Pearce, and Ennio Stacchetti

An ‘Average’ Lyapunov Convexity Theorem and Some Core Equivalence Results, Lin Zhou

Testing the Null Hypothesis of Stationarity Against the Alternative of a Unit Root: How Sure Are We That Economic Time Series Have a Unit Root?, Denis Kwiatkowski, Peter C.B. Phillips, and Peter Schmidt

The Spurious Effect of Unit Roots on Exogeneity Tests in Vector Autoregressions: An Analytical Study, Hiro Y. Toda and Peter C.B. Phillips

Time Series Modelling with a Bayesian Frame of Reference: I. Concepts and Illustrations, Peter C.B. Phillips and Werner Ploberger

Vector Autoregression and Causality, Hiro Y. Toda and Peter C.B. Phillips

Exactly Unbiased Estimation of First Order Autoregressive/Unit Root Models, Donald W.K. Andrews

-Person Game and Endogenous Coalition Formation, Lin Zhou

Dual Distribution in Franchising, Nancy Gallini and Nancy A. Lutz

Strictly Fair Allocations in Large Exchange Economies, Lin Zhou

Actual and Warranted Relations Between Asset Prices, Andrea E. Beltratti and Robert J. Shiller

Arithmetic Repeat Sales Price Estimators, Robert J. Shiller

Economic Equilibrium and Soviet Economic Reform, Herbert E. Scarf

Shortest Integer Vectors, Herbert E. Scarf and David F. Shallcross

Tests of Specification for Parametric and Semiparametric Models, Yoon-Jae Whang and Donald W.K. Andrews

The Invisible Hand in Modern Macroeconomics, James Tobin

The Method of Simulated Scores for the Estimation of LDV Models with an Application to External Debt Crisis, Vassilis A. Hajivassiliou and Daniel McFadden

### Submissions from 1990

A Strategic Market Game with a Mutual Bank with Fractional Reserves and Redemption in Gold (A Continuum of Traders), Martin Shubik and Dimitrios P. Tsomocos

Default and Bankruptcy in a Multistage Exchange Economy, Martin Shubik

A Strategic Market Game of a Finite Economy with a Mutual Bank, Martin Shubik and Jingang Zhao

On the Convex Hull of the Integer Points, Antal Balog and Imre Bárány

Estimation of Multinomial Models Using Weak Monotonicity Assumptions, Rosa L. Matzkin

Least Concavity and the Distribution-Free Estimation of Non-Parametric Concave Functions, Rosa L. Matzkin

The Price for the Widow's Cruse: Or the Value of an Infinitely Productive Asset, Martin Shubik

Inefficiency of Strategy-Proof Allocation Mechanisms in Pure Exchange Economies, Lin Zhou

Smooth Unbiased Multivariate Probability Simulators for Maximum Likelihood Estimation of Limited Dependent Variable Models, Vassilis A. Hajivassiliou and Axel Borsch-Supan

Stock Prices and Bond Yields: Can Their Co-Movements Be Explained in Terms of Present Value Models?, Robert J. Shiller and Andrea E. Beltratti

The Hybrid Solutions of an n-Person Game, Jingang Zhao

A Functional Central Limit Theorem for Strong Mixing Stochastic Processes, Donald W.K. Andrews and David Pollard

International Diversification of Social and Private Risk: The US and Japan, Stephen S. Golub

Popular Attitudes Towards Free Markets: The Soviet Union and the United States Compared, Robert J. Shiller, Maxim Boycko, and Vladimir Korobov

A Shortcut to LAD Estimator Asymptotics, Peter C.B. Phillips

Operational Algebra and Regression t-Tests, Peter C.B. Phillips

Testing Covariance Stationarity under Moment Condition Failure with an Application to Common Stock Returns, Peter C.B. Phillips and Mico Loretan

To Criticize the Critics: An Objective Bayesian Analysis of Stochastic Trends, Peter C.B. Phillips

The Frobenius Problem and Maximal Lattice Free Bodies, Herbert E. Scarf and David F. Shallcross

The Generalized Basis Reduction Algorithm, Herbert E. Scarf and László Lovász

Further Evidence on the Great Crash, the Oil Price Shock, and the Unit Root Hypothesis, Eric Zivot and Donald W.K. Andrews

Voting by Committees, Salvador Barberà, Hugo Sonnenschein, and Lin Zhou

Tests for Parameter Instability and Structural Change with Unknown Change Point, Donald W.K. Andrews

An Improved Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimator, Donald W.K. Andrews and Christopher J. Monahan

Financial Integration, Liquidity and Exchange Rates, Vittorio Grilli and Nouriel Roubini

Generic Uniform Convergence, Donald W.K. Andrews

A Colored Version of Tverberg's Theorem, Imre Bárány and D. G. Larman

Aggregation and Imperfect Competition: On the Existence of Equilibrium, Andrew S. Caplin and Barry Nalebuff

Aggregation and Social Choice: A Mean Voter Theorem, Andrew S. Caplin and Barry Nalebuff

Growth and Distribution: A Neoclassical Kaldor-Robinson Exercise, James Tobin

Testing Game-Theoretic Models of Price-Fixing Behaviour, Vassilis A. Hajivassiliou

### Submissions from 1989

On the Theory of Macroeconomic Policy, James Tobin

Mathematical Programming and Economic Theory, Herbert E. Scarf

Alternative Approaches to the Political Business Cycle, William D. Nordhaus

Asymptotic and Finite Sample Distribution Theory for IV Estimators and Tests in Partially Identified Structural Equations, In Choi and Peter C.B. Phillips

Asymptotics for Linear Processes, Peter C.B. Phillips and Victor Solo

Estimating Long Run Economic Equilibria, Peter C.B. Phillips and Mico Loretan

Observability and Optimality, John Geanakoplos and Heracles M. Polemarchakis

Solving Systems of Simultaneous Equations in Economics, John Geanakoplos and Wayne Shafer

Testing for a Unit Root in the Presence of Deterministic Trends, Peter C.B. Phillips and Peter Schmidt

Additive Interactive Regression Models: Circumvention of the Curse of Dimensionality, Donald W.K. Andrews and Yoon-Jae Whang

Inflationary Expectations and Price Setting Behavior, Ray C. Fair

Risk Analysis in Economics: An Application to University Finances, William D. Nordhaus

Full Information Estimation and Stochastic Simulation of Models with Rational Expectations, Ray C. Fair and John B. Taylor

Warranties, Durability, and Maintenance: Two Sided Moral Hazard in a Continuous-Time Model, Philip H. Dybvig and Nancy A. Lutz

An Introduction to General Equilibrium with Incomplete Asset Markets, John Geanakoplos

A Nonparametric Maximum Rank Correlation Estimator, Rosa L. Matzkin

Existence of Walras Equilibrium without a Price Player of Generalized Game, John Geanakoplos and Pradeep Dubey

Neighbors of the Origin for Four by Three Matrices, David F. Shallcross

On Integer Points in Polyhedra: A Lower Bound, Imre Bárány, Roger Howe, and László Lovász

The Reconciliation of Micro and Macro Economics, Martin Shubik

An Empirical Process Central Limit Theorem for Dependent Non-Identically Distributed Random Variables, Donald W.K. Andrews

Asymptotic Optimality of Generalized CL, Cross-Validation, and Generalized Cross-Validation in Regression with Heteroskedastic Errors, Donald W.K. Andrews

Asymptotics for Semiparametric Econometric Models: I. Estimation, Donald W.K. Andrews

Asymptotics for Semiparametric Econometric Models: III. Testing and Examples, Donald W.K. Andrews

Do the Secondary Markets Believe in Life After Debt?, Vassilis A. Hajivassiliou

Game Theory without Partitions, and Applications to Speculation and Consensus, John Geanakoplos

Renegotiation and Symmetry in Repeated Games, Dilip Abreu, David G. Pearce, and Ennio Stacchetti

The Capital Asset Pricing Model as a General Equilibrium with Incomplete Markets, John Geanakoplos and Martin Shubik

Gold, Liquidity and Secured Loans in a Multi-Stage Economy. Part II. Many Durables, Land and Gold, Martin Shubik and Shuntian Yao

Market Innovation and Entrepreneurship: A Knightian View, Truman F. Bewley

Time Series Regression with a Unit Root and Infinite Variance Errors, Peter C.B. Phillips

Asymptotics for Semiparametric Econometric Models: II. Stochastic Equicontinuity and Nonparametric Kernel Estimation, Donald W.K. Andrews

Testing for a Unit Root by Generalized Least Squares Methods in the Time and Frequency Domains, In Choi and Peter C.B. Phillips

The Transactions Cost of Money (A Strategic Game Analysis), Martin Shubik and Shuntian Yao

Liquidity and Bankruptcy with Incomplete Markets: Pure Exchange, Pradeep Dubey and John Geanakoplos

The Production Smoothing Model Is Alive and Well, Ray C. Fair

Repeated Trade and the Velocity of Money, Pradeep Dubey, Siddhartha Sahi, and Martin Shubik

The Durbin-Watson Ratio under Infinite Variance Errors, Peter C.B. Phillips and Mico Loretan

### Submissions from 1988

Nonparametric Tests of Maximizing Behavior Subject to Nonlinear Sets, Rosa L. Matzkin

Reflections on Econometric Methodology, Peter C.B. Phillips

The Interaction of Implicit and Explicit Contracts in Repeated Agenc, David G. Pearce and Ennio Stacchetti

The Behavior of Home Buyers in Boom and Post-Boom Markets, Robert J. Shiller and Karl E. Case

The Interaction of Implicit and Explicit Contracts in Repeated Agency, Martin Shubik

A Little Magic with the Cauchy Distribution, Peter C.B. Phillips

A New Proof of Knight's Theorem on the Cauchy Distribution, Peter C.B. Phillips

The Macroeconomics of Government Finance, Michael Haliassos and James Tobin

Nonparametric and Distribution-Free Estimation of the Binary Choice and the Threshold-Crossing Models, Rosa L. Matzkin

The Power of Commitment, Chien-fu Chou and John Geanakoplos

The Shapes of Polyhedra, Ravi Kannan, László Lovász, and Herbert E. Scarf

Correlated Equilibrium with Generalized Information Structures, Adam Brandenburger, Eddie Dekel, and John Geanakoplos

Capital Structure and Dividend Irrelevance with Asymmetric Information, Philip H. Dybvig and Jaime F. Zender

Default and Efficiency in a General Equilibrium Model with Incomplete Markets, Pradeep Dubey, John Geanakoplos, and Martin Shubik

Estimation and Inference in Models of Cointegration: A Simulation Study, Bruce E. Hansen and Peter C.B. Phillips

Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation, Donald W.K. Andrews

Heteroskedasticity and Autocorrelation Consistent Covariance Matrix Estimation, Donald W.K. Andrews

The Stabilization of the U.S. Economy: Evidence from the Stock Market, Matthew D. Shapiro

Error Correction and Long Run Equilibrium in Continuous Time, Peter C.B. Phillips

Spanning, Valuation and Options, Donald J. Brown and Stephen A. Ross

Spectral Regression for Cointegrated Time Series, Peter C.B. Phillips

Testing for a Unit Root in the Presence of a Maintained Trend, Sam Ouliaris, Joon Y. Park, and Peter C.B. Phillips

Asymptotic Normality of Series Estimators for Nonparametric and Semiparametric Regression Models, Donald W.K. Andrews

Information and Timing in Repeated Partnerships, Dilip Abreu, Paul R. Milgrom, and David G. Pearce

Sources of Business Cycle Fluctuations, Matthew D. Shapiro and Mark W. Watson

Gold, Liquidity and Secured Loans in a Multistage Economy. Part I: Gold as Money, Martin Shubik and Shuntian Yao

Knightian Decision Theory and Econometric Inference, Truman F. Bewley

Statistical Inference in Instrumental Variables Regression with I(1) Processes, Peter C.B. Phillips and Bruce E. Hansen

Warranties as Signals under Consumer Moral Hazard, Nancy A. Lutz

A Centered Projective Algorithm for Linear Programming, Michael J. Todd and Yinyu Ye

Appropriating the Returns from Industrial R&D, Richard C. Levin, Alvin K. Klevorick, Richard R. Nelson, and Sidney G. Winter

Common Knowledge of Summary Statistics, Adam Brandenburger and John Geanakoplos

Distributions, Peter C.B. Phillips

Generic Inefficiency of Stock Market Equilibrium When Markets Are Incomplete, John Geanakoplos, Michael Magill, Martine Quinzii, and Jacques Dréze

Increases in Risk Aversion and Portfolio Choice in a Complete Market, Philip H. Dybvig

Nonnegative Wealth, Absence of Arbitrage, and Feasible Consumption Plans, Philip H. Dybvig and Chi-fu Huang

Optimal Inference in Cointegrated Systems, Peter C.B. Phillips

Stock Prices, Earnings and Expected Dividends, John Y. Campbell and Robert J. Shiller

The Informational Content of Ex Ante Forecasts, Ray C. Fair and Robert J. Shiller

### Submissions from 1987

Renegotiation-Proof Equilibria: Collective Rationality and Intertemporal Cooperation, David G. Pearce

VAR Models as Structural Approximations, Ray C. Fair

A Note on an Optimal Garnishing Rule, Martin Shubik and Pradeep Dubey

Investor Behavior in the October 1987 Stock Market Crash: Survey Evidence, Robert J. Shiller

Multiple Regression with Integrated Time Series, Peter C.B. Phillips

Prices of Single Family Homes Since 1970: New Indexes for Four Cities, Karl E. Case and Robert J. Shiller

Inventories, Investment, Inflation and Taxes, James Tobin

The Noncooperative Equilibria of a Trading Economy with Complete Markets and Consistent Prices, Siddhartha Sahi and Shuntian Yao

An Aggregative Disequilibrium Model of the U.S. Labour Market, Vassilis A. Hajivassiliou

Bimodal t-Ratios, Peter C.B. Phillips and Vassilis A. Hajivassiliou

Partially Identified Econometric Models, Peter C.B. Phillips

Testing Strictly Concave Rationality, Rosa L. Matzkin and Marcel K. Richter

The Term Structure of Interest Rates (with U.S. Government Term Structure Data), Robert J. Shiller and J. Huston McCulloch

Weak Convergence of Sample Covariance Matrices to Stochastic Integrals via Martingale Approximations, Peter C.B. Phillips

Asymptotic Properties of Residual Based Tests for Cointegration, Peter C.B. Phillips and Sam Ouliaris

Effects of the Changing U.S. Age Distribution on Macroeconomic Equations, Ray C. Fair and Kathryn M. Dominguez

Joint Distribution Theory for Some Statistics Based on LIML and TSLS, Grant H. Hillier

Silver and Gold and Liquidity, Martin Shubik

Valuation and Optimality in Exchange Economies with a Countable Number of Agents, Charalambos D. Aliprantis, Donald J. Brown, and Owen Burkinshaw

Implementational Issues and Computational Performance Solving Applied General Equilibrium Models with SLCP, Thomas Rutherford

Knightian Decision Theory, Part II: Intertemporal Problems, Truman F. Bewley

Equilibria in Exchange Economies with a Countable Number of Agents, Charalambos D. Aliprantis, Donald J. Brown, and Owen Burkinshaw

Distributional Analysis of Portfolio Choice, Philip H. Dybvig

Econometric Modeling as Information Aggregation, Ray C. Fair and Robert J. Shiller

Inference in Econometric Models with Structural Change, Donald W.K. Andrews and Ray C. Fair

Measuring Market Power in U.S. Industry, Matthew D. Shapiro

Semiparametric Estimation of Monotonic and Concave Utility Functions: The Discrete Choice Case, Rosa L. Matzkin

The Effect of Economic Events on Votes for President: 1984 Update, Ray C. Fair

Game Theory. Models of Strategic Behavior and Nuclear Deterrence, Martin Shubik

Inefficient Dynamic Portfolio Strategies or How to Throw Away a Million Dollars in the Stock Market, Philip H. Dybvig

Sequential Games of Resource Extraction: Existence of Nash Equilibria, Rabah Amir

Are Cyclical Fluctuations in Productivity Due More to Supply Shocks or Demand Shocks?, Matthew D. Shapiro

Spherical Matrix Distributions and Cauchy Quotients, Peter C.B. Phillips

Supply Shocks in Macroeconomics, Matthew D. Shapiro

The Future of Social Security: One Economist's Assessment, James Tobin

Conditional and Unconditional Statistical Independence, Peter C.B. Phillips

Financial Intermediaries, James Tobin

Optimal Choice of Monetary Policy Instruments in a Macroeconometric Model, Ray C. Fair

Sources of Output and Price Variability in a Macroeconometric Model, Ray C. Fair

Statistical Inference in Regressions with Integrated Processes: Part 2, Joon Y. Park and Peter C.B. Phillips

Ultimate Sources of Aggregate Variability, Robert J. Shiller

### Submissions from 1986

Statistical Inference in Regressions with Integrated Processes: Part 1, Joon Y. Park and Peter C.B. Phillips

A Strategic Market Game with Complete Markets, Rabah Amir, Siddhartha Sahi, and Martin Shubik

Interest Rate and Exchange Rate Determination, Ray C. Fair

International Evidence on the Demand for Money, Ray C. Fair

The Dividend-Price Ratio and Expectations of Future Dividends and Discount Factors, John Y. Campbell and Robert J. Shiller

A Game Theoretic Approach to the Theory of Money and Financial Institutions, Martin Shubik

Forecasting the Depression: Harvard versus Yale, Ray C. Fair, Matthew D. Shapiro, and Kathryn M. Dominguez

Knightian Decision Theory: Part 1, Truman F. Bewley

Enough Commodity Money and the Selection of a Unique Competitive Equilibrium, Martin Shubik

Testing for Cointegration Using Principal Component Methods, Peter C.B. Phillips and Sam Ouliaris

The Unique Minimal Cash Flow Competitive Equilibrium, Martin Shubik

Asymptotic Equivalence of OLS and GLS in Regressions with Integrated Regressors, Peter C.B. Phillips and Joon Y. Park

On the Formulation of Wald Tests of Nonlinear Restrictions, Peter C.B. Phillips and Joon Y. Park

Limiting Distributions of the Number of Pure Strategy Nash Equilibria in n-Person Games, Imelda Yeung Powers

Power in Econometric Applications, Donald W.K. Andrews

Temporal Dependence in Limited Dependent Variable Models: Theoretical and Monte-Carlo Results, Vassilis A. Hajivassiliou

Quasirents, Influence and Organization Form, Paul R. Milgrom

Testing for a Unit Root in Time Series Regression, Peter C.B. Phillips and Pierre Perron

Weak Convergence to the Matrix Stochastic Integral BdB, Peter C.B. Phillips

Resources, Technology, and Development: Will the Table Be Bare When Poor Countries Get There?, William D. Nordhaus

Survey Evidence on Diffusion of Interest Among Institutional Investors, Robert J. Shiller and John Pound

Consistency in Nonlinear Econometric Models: A Generic Uniform Law of Large Numbers, Donald W.K. Andrews

Defense Economics and Economic Warfare Revisited, J. Hoult Verkerke and Martin Shubik

Issues Arising in Management and Control of Naval Forces, Paul Bracken and Martin Shubik

Toward a Theory of Discounted Repeated Games with Imperfect Monitoring, Dilip Abreu, David G. Pearce, and Ennio Stacchetti

Trends versus Random Walks in Time Series Analysis, Steven N. Durlauf and Peter C.B. Phillips

Two Misspecification Tests for the Simple Switching Regressions Disequilibrium Model, Vassilis A. Hajivassiliou

Best Median Unbiased Estimation in Linear Regression with Bounded Asymmetric Loss Functions, Ray C. Fair

Cointegration and Tests of Present Value Models, John Y. Campbell and Robert J. Shiller

Edgeworth Equilibria in Production Economies, Charalambos D. Aliprantis, Donald J. Brown, and Owen Burkinshaw

The Share Economy: A Symposium, William D. Nordhaus and Andrew John

Towards a Unified Asymptotic Theory for Autoregression, Peter C.B. Phillips

Towards a Unified Asymptotic Theory for Autoregression, Peter C.B. Phillips

Regression Theory for Near-Integrated Time Series, Peter C.B. Phillips

Regression Theory for Near-Integrated Time Series, Peter C.B. Phillips

The Monetary-Fiscal Mix: Long-Run Implications, James Tobin

### Submissions from 1985

Auction Theory, Paul R. Milgrom

Comparative Statics and Local Indeterminacy in OLG Economies: An Application of the Multiplicative Ergodic Theorem, John Geanakoplos and Donald J. Brown

On Finitely Repeated Games and Pseudo-Nash Equilibria, Chien-fu Chou and John Geanakoplos

The Uses, Value and Limitation of Game Theoretic Methods in Defense Analysis, Martin Shubik

Walrasian Indeterminacy and Keynesian Macroeconomics, John Geanakoplos and Heracles M. Polemarchakis

Asymptotic Results for Generalized Wald Tests, Donald W.K. Andrews

A Theory of Hierarchies Based on Limited Managerial Attention, John Geanakoplos and Paul R. Milgrom

Forecasting Efficiency: Concepts and Applications, William D. Nordhaus

Fractional Matrix Calculus and the Distribution of Multivariate Tests, Peter C.B. Phillips

Multiple Time Series Regression with Integrated Processes, Peter C.B. Phillips and Steven N. Durlauf

Neoclassical Theory in America: J. B. Clark and Fisher, James Tobin

Random Cell Chi-Square Diagnostic Tests for Econometric Models: I. Introduction and Applications, Donald W.K. Andrews

Random Cell Chi-Square Diagnostic Tests for Econometric Models: II. Theory, Donald W.K. Andrews

The Many Properties of Money: A Strategic Market Game Analysis, Martin Shubik

The Term Structure of Euromarket Interest Rates: An Empirical Investigation, John Y. Campbell and Richard H. Clarida

Asymptotic Expansions in Nonstationary Vector Autoregressions, Peter C.B. Phillips

Existence, Regularity, and Constrained Suboptimality of Competitive Allocations When the Asset Market Is Incomplete, John Geanakoplos and Heracles M. Polemarchakis

Sections and Extensions of Concave Functions, Roger Howe

On the Performance of Least Squares in Linear Regression with Undefined Error Means, Donald W.K. Andrews

A Characterization of Globally Optimal Paths in the Non-Classical Growth Model, Rabah Amir

Edgeworth Equilibria, Charalambos D. Aliprantis, Donald J. Brown, and Owen Burkinshaw

Enough Gold in a Society without and with Money-Lenders, Martin Shubik

Understanding Spurious Regressions in Econometrics, Peter C.B. Phillips