Inflation Targeting and Nonlinear Policy Rules: The Case of Asymmetric Preferences (new title: The Fed's monetary policy rule and U.S. inflation: The case of asymmetric preferences)

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July 2004

Cheng Hsiao and M. Hashem Pesaran, Random Coefficient Panel Data Models, July
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Frederick van der Ploeg, The Welfare State, Redistribution and the Economy,
Reciprocal Altruism, Consumer Rivalry and Second Best, July 2004

Thomas Fuchs and Ludger Woessmann, What Accounts for International Differences in
Student Performance? A Re-Examination Using PISA Data, July 2004

Pascalis Raimondos-M0ller and Alan D. Woodland, Measuring Tax Efficiency: A Tax
Optimality Index, July 2004

M. Hashem Pesaran, Davide Pettenuzzo, and Allan Timmermann, Forecasting Time
Series Subject to Multiple Structural Breaks, July 2004

Panu Poutvaara and Andreas Wagener, The Invisible Hand Plays Dice: Eventualities in
Religious Markets, July 2004

Eckhard Janeba, Moral Federalism, July 2004

Robert S. Chirinko, Steven M. Fazzari, and Andrew P. Meyer, That Elusive Elasticity:
A Long-Panel Approach to Estimating the Capital-Labor Substitution Elasticity, July
2004

Hans Jarle Kind, Karen Helene Midelfart, Guttorm Schjelderup, Corporate Tax
Systems, Multinational Enterprises, and Economic Integration, July 2004

Vankatesh Bala and Ngo Van Long, International Trade and Cultural Diversity: A
Model of Preference Selection, July 2004

Wolfgang Eggert and Alfons J. Weichenrieder, On the Economics of Bottle Deposits,
July 2004

Soren Blomquist and Vidar Christiansen, Taxation and Heterogeneous Preferences, July
2004

Rafael Lalive and Alois Stutzer, Approval of Equal Rights and Gender Differences in
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Paolo M. Panteghini, Wide vs. Narrow Tax Bases under Optimal Investment Timing,
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Marika Karanassou, Hector Sala, and Dennis J. Snower, Unemployment in the
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Engin Dalgic and Ngo Van Long, Corrupt Local Government as Resource Farmers: The
Helping Hand and the Grabbing Hand, July 2004

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