NBER working papers on-line.

• Position: Current Working Papers - National Bureau of Economic Research

A complete list of all NBER Working Papers with searchable abstracts, and the full texts of Working Papers (issued since November 1994) are available at http://www.nber.org/wwp.html to anyone located at a university or other organization that subscribes to the (hard copy) Working Paper series.

If you believe that your organization subscribes, but you cannot access the online Working Paper service, please e-mail the NBER at wwp@nber.org for more information and assistance.

Individual copies of NBER Working Papers, Historical Factors in Long-Run Growth Papers, and Technical Papers are available free of charge to Corporate Associates. For all others, there is a charge of $10.00 per hardcopy or $5.00 per downloaded paper. (Outside the United States, add $10.00 per order for postage and handling.) Advance payment is required on all orders. To order, call the Publications Department at (617)868-3900 or visit www.nber.org/papers. Please have ready the number(s) of any Working Paper(s) you wish to order.

Subscriptions to the full NBER Working Paper series include all 700 or more papers published each year. Subscriptions are free to Corporate Associates. For others within the United States, the standard rate for a full subscription is $2420; for academic libraries and faculty members, $1400. Higher rates apply for foreign orders. The on-line standard rate for a full subscription is $1715 and the on-line academic rate is $700. Partial Working Paper subscriptions, delineated by program, are also available.

For further information, see our Web site, or please write: National Bureau of Economic Research, 1050 Massachusetts Avenue, Cambridge, MA 02138-5398.

Titles of all papers issued since July 2004 are presented below. For previous papers, see past issues of the NBER Reporter. Working Papers are intended to make results of NBER research available to other economists in preliminary form to encourage discussion and suggestions for revision before final publication. They are not reviewed by the Board of Directors of the NBER.

NBER Working Papers Paper Author(s) Title 10611 Jacob L. Vigdor Liquidity Constraints and Housing Prices: Theory and Evidence from the VA Mortgage 10612 Bennett T. McCallum Targeting vs. Instrument Rules for Monetary Policy Edward Nelson 10613 Tarun Khanna The Evolution of Concentrated Krishna Palepu Ownership in India: Broad Patterns and a History of the Indian Software Industry 10614 Chi-Young Choi Unbiased Estimation of the Half-life Nelson Mark to PPP Convergence in Panel Data Donggyu Sul 10615 Peter M. DeMarzo A Continuous-Time Agency Model of Yuliv Sannikov Optimal Contracting and Capital Structure 10616 Francis X. Diebold The Macroeconomy and the Yield Glenn D. Rudebusch Curve: A Dynamic Latent Factor S. Boragan Aruoba Approach 10617 Martin Eichenbaum Evaluating the Calvo Model of Jonas D.M. Fisher Sticky Prices 10618 Alexander Haupt Education, Redistribution, and the Eckhard Janeba Threat of Brain Drain 10619 Dhaval Dave The Effects of Cocaine and Heroin Price on Drug-Related Emergency Department Visits 10620 Robert C. Merton The Design of Financial Systems: Zvi Bodie Towards a Synthesis of Function and Structure 10621 William J. Collins The Wage Gains of African-American Martha J. Bailey Women in the 1940s 10622 Victor Lavy Performance Pay and Teachers' Effort, Productivity, and Grading Ethics 10623 Kenneth A. Carow How Have Borrowers Fared in Banking Edward J. Kane Mega-Mergers? Rajesh Narayanan 10624 Joshua Aizenman Sources for Financing...