This paper investigates the link between the optimal level of non-financial firms' liquid assets and industry-level uncertainty. We develop a structural model of a firm's value maximization problem that predicts that as industry-level uncertainty increases the firm will increase its optimal...

Traditionally, the effects of monetary policy actions on output are thought to be transmitted via monetary or credit channels. Real business cycle theory, by contrast, highlights the role of real price changes as a source of revisions in spending and production decisions. Motivated by the desire...

The American and some other constitutions entrench property rights by requiring super majoritarian voting amending or revoking their own provisions. Following Buchanan and Tullock [5], this paper analyzes individuals' interests behind a veil of ignorance, and shows that under some standard...

Instructional dataset, N=114, cross-sectional country data on openness to trade Accompanying Introductory Econometrics: A Modern Approach, Jeffrey M. Wooldridge, South-Western College Publishing, (c) 2000 and Jeffrey M. Wooldridge, Econometric Analysis of Cross Section and Panel Data, MIT...

Data from Introduction to Multiple Time Series Analysis, Springer-Verlag, 1993. Quarterly data on West German economy, 1960q1-1982q4.

Data from Geography and Economic Development. Center for International Development at Harvard University Working Paper no. 1. April 2001. 150 observations and 50 variables.

Instructional dataset, N=241, cross-sectional individual data on job offers Accompanying Introductory Econometrics: A Modern Approach, Jeffrey M. Wooldridge, South-Western College Publishing, (c) 2000 Datasets also accessible from http://wooldridge.swcollege.com.

Instructional dataset, N=714, state-level panel data on incarceration Accompanying Introductory Econometrics: A Modern Approach, Jeffrey M. Wooldridge, South-Western College Publishing, (c) 2000 and Jeffrey M. Wooldridge, Econometric Analysis of Cross Section and Panel Data, MIT Press,(c) 2001....

Instructional dataset, accompanying Introduction to Econometrics, James H. Stock and Mark W. Watson, Pearson Education, Inc. (c) 2003. The number of state traffic fatalities, 1982-1988. 336 observations.