David Romer : Citation Profile


Are you David Romer?

University of California-Berkeley (50% share)
National Bureau of Economic Research (NBER) (50% share)

42

H index

59

i10 index

19127

Citations

RESEARCH PRODUCTION:

56

Articles

52

Papers

1

Books

7

Chapters

EDITOR:

6

Books edited

RESEARCH ACTIVITY:

   43 years (1980 - 2023). See details.
   Cites by year: 444
   Journals where David Romer has often published
   Relations with other researchers
   Recent citing documents: 606.    Total self citations: 32 (0.17 %)

MORE DETAILS IN:
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   Permalink: http://citec.repec.org/pro406
   Updated: 2024-04-18    RAS profile: 2024-03-07    
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Relations with other researchers


Works with:

Romer, Christina (3)

Authors registered in RePEc who have co-authored more than one work in the last five years with David Romer.

Is cited by:

Asongu, Simplice (204)

Levy, Daniel (102)

Furceri, Davide (69)

Hubert, Paul (68)

Taylor, Alan (62)

Jalles, Joao (50)

Shahbaz, Muhammad (50)

Véganzonès, Marie-Ange (49)

Woessmann, Ludger (47)

Kose, Ayhan (47)

Schularick, Moritz (43)

Cites to:

Romer, Christina (32)

Reinhart, Carmen (26)

Rogoff, Kenneth (18)

Blanchard, Olivier (13)

Summers, Lawrence (12)

Bernanke, Ben (9)

Barro, Robert (8)

Kaminsky, Graciela (8)

Gertler, Mark (8)

Souleles, Nicholas (7)

Obstfeld, Maurice (7)

Main data


Where David Romer has published?


Journals with more than one article published# docs
American Economic Review13
The Quarterly Journal of Economics6
Journal of Economic Perspectives5
Journal of Monetary Economics4
Brookings Papers on Economic Activity4
Proceedings - Economic Policy Symposium - Jackson Hole3
The Review of Economic Studies3
Journal of Money, Credit and Banking3
AEA Papers and Proceedings2

Working Papers Series with more than one paper published# docs
NBER Working Papers / National Bureau of Economic Research, Inc39
Department of Economics, Working Paper Series / Department of Economics, Institute for Business and Economic Research, UC Berkeley2
Economics Working Papers / University of California at Berkeley2

Recent works citing David Romer (2024 and 2023)


YearTitle of citing document
2023Anticipation of Future Consumption, Excessive Savings, and Long-Run Growth. (2023). Trimborn, Timo ; Strulik, Holger ; Schnemann, Johannes. In: Economics Working Papers. RePEc:aah:aarhec:2023-10.

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2023.

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2023The Voice of Monetary Policy. (2023). Talavera, Oleksandr ; Pham, Tho ; Gorodnichenko, Yuriy. In: American Economic Review. RePEc:aea:aecrev:v:113:y:2023:i:2:p:548-84.

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2023Has the Information Channel of Monetary Policy Disappeared? Revisiting the Empirical Evidence. (2023). Sekhposyan, Tatevik ; Rossi, Barbara ; Hoesch, Lukas. In: American Economic Journal: Macroeconomics. RePEc:aea:aejmac:v:15:y:2023:i:3:p:355-87.

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2023Fiscal Stimulus and the Systematic Response of Monetary Policy. (2023). Wolf, Christian K. In: AEA Papers and Proceedings. RePEc:aea:apandp:v:113:y:2023:p:388-93.

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2023Convergencia entre distritos argentinos: Un enfoque de econometría espacial. (2023). Isabela, Sanchez Vargas ; de Arguibel, Costa ; Antonio, Dip Juan. In: Asociación Argentina de Economía Política: Working Papers. RePEc:aep:anales:4638.

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2023Bank Runs and Inequality. (2023). Sebastian, Monroy-Taborda. In: Asociación Argentina de Economía Política: Working Papers. RePEc:aep:anales:4672.

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2023Cliometrics of Learning-Adjusted Years of Schooling: Evidence from a New Dataset. (2023). DIEBOLT, Claude ; Altinok, Nadir. In: Working Papers. RePEc:afc:wpaper:02-23.

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2023A Gender Analysis of the Impact of Human Capital Development on Economic Growth in Nigeria. (2023). Happinessobi, Chibuzor. In: Working Papers of the African Governance and Development Institute.. RePEc:agd:wpaper:23/042.

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2023The nexus of foreign trade and economic growth in Tanzania. Examining the influence of COVID-19 pandemic. Evidence from vector error correction model. (2023). Mesiet, William. In: Theoretical and Applied Economics. RePEc:agr:journl:v:3(636):y:2023:i:3(636):p:273-296.

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2023Determinants of Bank Credit Supply to the Private Sector in Tanzania. (2023). Semu, Amanda M. In: African Journal of Economic Review. RePEc:ags:afjecr:333993.

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2023The Impact of Trade Openness on Economic Growth in Landlocked Developing Countries. (2023). Yan, Wenshou ; Cao, Liang ; Khurelchuluun, Bolor. In: International Journal of Science and Business. RePEc:aif:journl:v:28:y:2023:i:1:p:84-97.

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2023Does ICT access and usage reduce growth inefficiency in Sub-Saharan Africa?. (2023). Eyeffa, Sylvie ; Dufrenot, Gilles ; Avom, Desire. In: AMSE Working Papers. RePEc:aim:wpaimx:2306.

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2023.

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2023International Spillovers of ECB Interest Rates Monetary Policy & Information Effects. (2023). Camara, Santiago. In: Working Papers. RePEc:aoz:wpaper:250.

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2023Time-Varying Parameters as Ridge Regressions. (2020). Coulombe, Philippe Goulet. In: Papers. RePEc:arx:papers:2009.00401.

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2024Three Remarks On Asset Pricing. (2021). Olkhov, Victor. In: Papers. RePEc:arx:papers:2105.13903.

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2023Spillovers of US Interest Rates: Monetary Policy & Information Effects. (2021). Camara, Santiago. In: Papers. RePEc:arx:papers:2111.08631.

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2023Testing Overidentifying Restrictions with High-Dimensional Data and Heteroskedasticity. (2022). Mei, Ziwei ; Guo, Zijian ; Fan, Qingliang. In: Papers. RePEc:arx:papers:2205.00171.

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2023Policy Choice in Time Series by Empirical Welfare Maximization. (2022). Xu, Mengshan ; Wang, Weining ; Kitagawa, Toru. In: Papers. RePEc:arx:papers:2205.03970.

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2023On the instrumental variable estimation with many weak and invalid instruments. (2022). Fan, Qingliang ; Song, Xinyuan ; Windmeijer, Frank ; Lin, Yiqi. In: Papers. RePEc:arx:papers:2207.03035.

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2024Local Projection Inference in High Dimensions. (2022). Wilms, Ines ; Smeekes, Stephan ; Adamek, Robert. In: Papers. RePEc:arx:papers:2209.03218.

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2023An identification and testing strategy for proxy-SVARs with weak proxies. (2022). Fanelli, Luca ; Cavaliere, Giuseppe ; Angelini, Giovanni. In: Papers. RePEc:arx:papers:2210.04523.

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2023Why Does GDP Move Before G? Its all in the Measurement. (2022). Sellemi, Victor ; Briganti, Edoardo. In: Papers. RePEc:arx:papers:2212.06073.

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2023Estimating the non-Gaussian Dimension in Structural Linear Systems. (2022). Cabello, Miguel. In: Papers. RePEc:arx:papers:2212.07263.

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2024Estimating the Effects of Fiscal Policy using a Novel Proxy Shrinkage Prior. (2023). Pruser, Jan ; Klein, Mathias ; Keweloh, Sascha A. In: Papers. RePEc:arx:papers:2302.13066.

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2023Implicit Nickell Bias in Panel Local Projection. (2023). Shi, Zhentao ; Sheng, Liugang ; Mei, Ziwei. In: Papers. RePEc:arx:papers:2302.13455.

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2023Government Guarantees and Banks Income Smoothing. (2023). , Felipe ; Merkley, Kenneth J ; Dantas, Manuela M. In: Papers. RePEc:arx:papers:2303.03661.

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2023The Federal Reserves Response to the Global Financial Crisis and Its Long-Term Impact: An Interrupted Time-Series Natural Experimental Analysis. (2023). KAMKOUM, Arnaud Cedric. In: Papers. RePEc:arx:papers:2305.12318.

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2023Significance Bands for Local Projections. (2023). Kuersteiner, Guido ; Jorda, Oscar ; Inoue, Atsushi. In: Papers. RePEc:arx:papers:2306.03073.

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2023International Spillovers of ECB Interest Rates: Monetary Policy & Information Effects. (2023). Camara, Santiago. In: Papers. RePEc:arx:papers:2306.04562.

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2023Systemic risk indicator based on implied and realized volatility. (2023). Ślepaczuk, Robert ; Sieradzki, Rafal ; Sakowski, Pawel. In: Papers. RePEc:arx:papers:2307.05719.

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2023Robust Impulse Responses using External Instruments: the Role of Information. (2023). Mazzali, Marco ; Franconi, Alessandro ; Brignone, Davide. In: Papers. RePEc:arx:papers:2307.06145.

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2023Modified Verhulst-Solow model for long-term population and economic growths. (2023). Figueiredo, Annibal ; Rocha, Tarcisio M ; Brenig, Leon ; da Silvab, Sergio ; Gleriaa, Iram. In: Papers. RePEc:arx:papers:2308.08315.

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2024Agree to Disagree: Measuring Hidden Dissents in FOMC Meetings. (2023). Yang, Zichao ; Tsang, Kwok Ping. In: Papers. RePEc:arx:papers:2308.10131.

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2024Forecasting with Feedback. (2023). Nieto-Barthaburu, Augusto ; Lieli, Robert P. In: Papers. RePEc:arx:papers:2308.15062.

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2024Safety, in Numbers. (2023). Whitmeyer, Mark ; Pease, Marilyn. In: Papers. RePEc:arx:papers:2310.17517.

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2023Examining the Effect of Monetary Policy and Monetary Policy Uncertainty on Cryptocurrencies Market. (2023). Mahmoudi, Mohammadreza. In: Papers. RePEc:arx:papers:2311.10739.

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2023Rural Roads and National Welfare: Are Local Methods of Evaluation Satisfactory?. (2023). Bell, Clive. In: Working Papers. RePEc:awi:wpaper:0740.

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2023Impact of Taxes on Economic Growth: An Empirical Study in the Eurozone. (2023). Pula, Leke ; Elshani, Alban. In: Economic Studies journal. RePEc:bas:econst:y:2023:i:2:p:24-41.

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2023A Nexus between Sustainability, Openness, Development, and Urbanization: Panel Data Evidence from QUAD Nations. (2023). Chaudhary, Nirmala ; Chander, Ramesh ; Kaushik, Namarta ; Royal, Saransh. In: Economic Studies journal. RePEc:bas:econst:y:2023:i:3:p:178-196.

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2023Convergence Determinants and Club Formation in the EU over 1999-2021. (2023). Ignatov, Ignat. In: Economic Studies journal. RePEc:bas:econst:y:2023:i:3:p:37-63.

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2023Central Bank Forecasting: A Survey. (2023). Sekkel, Rodrigo ; Binder, Carola Conces. In: Staff Working Papers. RePEc:bca:bocawp:23-18.

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2023.

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2023.

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2023.

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2023.

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2023.

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2023Inflation and energy price shocks: lessons from the 1970s. (2023). Pellegrino, Dario ; Gomellini, Matteo ; Corsello, Francesco. In: Questioni di Economia e Finanza (Occasional Papers). RePEc:bdi:opques:qef_790_23.

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2023Unconditional Convergence in the Mexican Manufacturing Sector (1988-2018). (2023). Alex, Rivadeneira. In: Working Papers. RePEc:bdm:wpaper:2023-06.

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2023MONETARY POLICY AND ECONOMIC GROWTH IN NIGERIA: EVIDENCE FROM BOUNDS AND BAYER-HANCK COINTEGRATION TECHNIQUES. (2023). Aina, Babatunde ; Adeleye, Bosede Ngozi ; Imandojemu, Kingsley. In: Economic Annals. RePEc:beo:journl:v:68:y:2023:i:236:p:81-103.

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2023MODELLING THE INFLUENCE OF FINANCIAL INCLUSION ON THE REMITTANCEGROWTH NEXUS IN NIGERIA. (2023). Raimi, Lukman ; Yinusa, Olumuyiwa Ganiyu ; Oduola, Musa Olanrewaju ; Ogede, Jimoh Sina. In: Economic Annals. RePEc:beo:journl:v:68:y:2023:i:237:p:137-163.

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2023Blowing against the Wind? A Narrative Approach to Central Bank Foreign Exchange Intervention. (2023). Naef, Alain. In: Working papers. RePEc:bfr:banfra:911.

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2023Asymmetric Monetary Policy Tradeoffs. (2023). Sala, Luca ; Gambetti, Luca ; Forni, Mario ; Debortoli, Davide. In: Working Papers. RePEc:bge:wpaper:1404.

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2023Firm Balance Sheet Liquidity, Monetary Policy Shocks, and Investment Dynamics. (2023). Jeenas, Priit. In: Working Papers. RePEc:bge:wpaper:1409.

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2023Prudential policy and financial dominance: exploring the link. (2023). SHIM, ILHYOCK ; Leonte, Cristina ; Borio, Claudio ; Boissay, Frederic. In: BIS Quarterly Review. RePEc:bis:bisqtr:2303e.

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2023Tackling the fiscal policy-financial stability nexus. (2023). BORIO, Claudio ; Zampolli, Fabrizio ; Farag, Marc. In: BIS Working Papers. RePEc:bis:biswps:1090.

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2023The term structure of inflation forecasts disagreement and monetary policy transmission. (2023). Zhu, Sonya ; Xia, Dora ; Barbera, Alessandro. In: BIS Working Papers. RePEc:bis:biswps:1114.

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2023The origins of monetary policy disagreement: the role of supply and demand shocks. (2023). Madeira, Carlos ; Monteiro, Paulo Santos. In: BIS Working Papers. RePEc:bis:biswps:1118.

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2023Did quantitative easing reduce the borrowing costs of firms? The risk?taking channel. (2023). Shen, YI ; Wang, Gang. In: Accounting and Finance. RePEc:bla:acctfi:v:63:y:2023:i:1:p:507-536.

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2023Country environmental, social and governance performance and economic growth: The international evidence. (2023). Zhong, Rui ; Yu, Jing ; Wang, Jiazhen. In: Accounting and Finance. RePEc:bla:acctfi:v:63:y:2023:i:4:p:3911-3941.

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2023Analysis of tax effort in WAEMU: How important are institutional/administrative reforms?. (2023). Koffi, Mounoufie V ; Diabate, Nahouse. In: African Development Review. RePEc:bla:afrdev:v:35:y:2023:i:1:p:1-10.

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2023The effect of agricultural trade openness on fruit prices in Korea. (2023). Kim, Sooeun ; Ho, Jun. In: Asian-Pacific Economic Literature. RePEc:bla:apacel:v:37:y:2023:i:2:p:165-179.

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2023Economic Growth Theory and Natural Resource Constraints: A Stocktake and Critical Assessment. (2023). Holmes, Mark ; Maris, Robbie. In: Australian Economic Review. RePEc:bla:ausecr:v:56:y:2023:i:2:p:255-268.

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2023The growth effect of trade openness on African countries: Evidence from using an instrumental variable panel smooth transition model. (2023). Bongabonga, Lumengo ; Kinfack, Emilie. In: Bulletin of Economic Research. RePEc:bla:buecrs:v:75:y:2023:i:2:p:366-379.

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2023Investment subsidies and redistributive capital income taxation in a neoclassical growth model. (2023). Rehme, Gunther. In: Bulletin of Economic Research. RePEc:bla:buecrs:v:75:y:2023:i:4:p:988-1012.

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2023Trade agreements and subnational income of border regions. (2023). Stadelmann, David ; Larch, Mario ; Adam, Hanna L. In: Economic Inquiry. RePEc:bla:ecinqu:v:61:y:2023:i:4:p:1034-1052.

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2023The long?run investment effect of taxation in OECD countries. (2023). Venturini, Francesco ; Madsen, Jakob ; Minniti, Antonio. In: Economica. RePEc:bla:econom:v:90:y:2023:i:358:p:584-611.

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2023Retail pricing format and rigidity of regular prices. (2023). Levy, Daniel ; Snir, Avichai ; Ray, Sourav. In: Economica. RePEc:bla:econom:v:90:y:2023:i:360:p:1173-1203.

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2023The transmission of euro area monetary policy to financially euroized countries. (2023). Moder, Isabella. In: Economics and Politics. RePEc:bla:ecopol:v:35:y:2023:i:3:p:718-751.

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2023The role of sentiment in the US economy: 1920 to 1934. (2023). Nyman, Rickard ; Tuckett, David ; Landonlane, John ; James, Harold ; Kabiri, Ali. In: Economic History Review. RePEc:bla:ehsrev:v:76:y:2023:i:1:p:3-30.

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2023What about the race between education and technology in the Global South? Comparing skill premiums in colonial Africa and Asia. (2023). van Waijenburg, Marlous ; Frankema, Ewout. In: Economic History Review. RePEc:bla:ehsrev:v:76:y:2023:i:3:p:941-978.

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2023Regional inequalities and the West–East divide in Turkey since 1913. (2023). Asik, Gunes ; Aik, Gune ; Pamuk, Evket ; Karako, Ula. In: Economic History Review. RePEc:bla:ehsrev:v:76:y:2023:i:4:p:1305-1332.

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2023Uncertainty and corporate investments in response to the Feds dual shocks. (2023). Menassa, Elie ; Adra, Samer. In: The Financial Review. RePEc:bla:finrev:v:58:y:2023:i:3:p:463-484.

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2023Understanding and governing global systemic crises in the 21st century: A complexity perspective. (2023). Levrat, Nicolas ; Masood, Maria ; Kaspiarovich, Yuliya ; Vanackere, Flore ; Bottcher, Lucas ; Wernli, Didier. In: Global Policy. RePEc:bla:glopol:v:14:y:2023:i:2:p:207-228.

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2023Human capital, innovation, and growth. (2023). Papahristodoulou, Christos ; Linden, Johan ; Eriksson, Clas. In: International Journal of Economic Theory. RePEc:bla:ijethy:v:19:y:2023:i:2:p:343-369.

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2023Relative deprivation, time preference, and economic growth. (2023). Chakrabarty, Debajyoti. In: International Journal of Economic Theory. RePEc:bla:ijethy:v:19:y:2023:i:3:p:489-525.

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2023When does FDI make a difference for growth? A comparative analysis of resource?rich and resource?scarce African economies. (2023). Yimer, Addis. In: International Finance. RePEc:bla:intfin:v:26:y:2023:i:1:p:82-110.

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2023Financialization and sluggish recovery of firms investment: Global evidence from the 2007–2008 financial crisis. (2023). Wang, Shenqguan ; Luo, Mingjin. In: International Finance. RePEc:bla:intfin:v:26:y:2023:i:3:p:344-363.

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2023.

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2023Macroeconomic News in Asset Pricing and Reality. (2023). Duffee, Gregory R. In: Journal of Finance. RePEc:bla:jfinan:v:78:y:2023:i:3:p:1499-1543.

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2023Rediscovering regional science: Positioning the fields evolving location in science and society. (2023). Schintler, Laurie A ; Chen, Zhenhua. In: Journal of Regional Science. RePEc:bla:jregsc:v:63:y:2023:i:3:p:617-642.

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2023How capital intensity affects technical progress: An empirical analysis for 17 advanced economies. (2023). Vitali, Beatrice ; Travaglini, Giuseppe ; Bellocchi, Alessandro. In: Metroeconomica. RePEc:bla:metroe:v:74:y:2023:i:3:p:606-631.

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2023.

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2023Quantitative Easing and Wealth Inequality: The Asset Price Channel. (2023). Feldkircher, Martin ; Schuberth, Helene ; Poyntner, Philipp ; de Luigi, Clara. In: Oxford Bulletin of Economics and Statistics. RePEc:bla:obuest:v:85:y:2023:i:3:p:638-670.

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More than 100 citations found, this list is not complete...

David Romer has edited the books:


YearTitleTypeCited

Works by David Romer:


YearTitleTypeCited
2010The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks In: American Economic Review.
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article1388
2007The Macroeconomic Effects of Tax Changes: Estimates Based on a New Measure of Fiscal Shocks.(2007) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 1388
paper
2013The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesnt Matter In: American Economic Review.
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article36
2013The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression In: American Economic Review.
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article25
2013The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression.(2013) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 25
paper
2013Report: Ad Hoc Search Committee for the Editor of the American Economic Journal: Economic Policy In: American Economic Review.
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article0
2017New Evidence on the Aftermath of Financial Crises in Advanced Countries In: American Economic Review.
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article104
2023Presidential Address: Does Monetary Policy Matter? The Narrative Approach after 35 Years In: American Economic Review.
[Full Text][Citation analysis]
article1
1991Sticky Prices as Coordination Failure. In: American Economic Review.
[Full Text][Citation analysis]
article165
1987Sticky Prices as Coordination Failure.(1987) In: NBER Working Papers.
[Full Text][Citation analysis]
This paper has nother version. Agregated cites: 165
paper
1993Rational Asset-Price Movements without News. In: American Economic Review.
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article99
1992Rational Asset Price Movements Without News.(1992) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 99
paper
1999Does Trade Cause Growth? In: American Economic Review.
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article2542
2000Federal Reserve Information and the Behavior of Interest Rates In: American Economic Review.
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article730
2002A Rehabilitation of Monetary Policy in the 1950s In: American Economic Review.
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article34
2002A Rehabilitation of Monetary Policy in the 1950s.(2002) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 34
paper
2004A New Measure of Monetary Shocks: Derivation and Implications In: American Economic Review.
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article1028
2003A New Measure of Monetary Shocks: Derivation and Implications.(2003) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 1028
paper
2008The FOMC versus the Staff: Where Can Monetary Policymakers Add Value? In: American Economic Review.
[Full Text][Citation analysis]
article131
2008The FOMC versus the Staff: Where Can Monetary Policymakers Add Value?.(2008) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 131
paper
2016Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Increases, 1952-1991 In: American Economic Journal: Macroeconomics.
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article26
2014The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era In: American Economic Journal: Economic Policy.
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article21
2012The Incentive Effects of Marginal Tax Rates: Evidence from the Interwar Era.(2012) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 21
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2020In Praise of Confidence Intervals In: AEA Papers and Proceedings.
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article12
2020In Praise of Confidence Intervals.(2020) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 12
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2023Report of the Editor, Journal of Economic Literature In: AEA Papers and Proceedings.
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article0
2000Keynesian Macroeconomics without the LM Curve In: Journal of Economic Perspectives.
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article287
2000Keynesian Macroeconomics without the LM Curve.(2000) In: NBER Working Papers.
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This paper has nother version. Agregated cites: 287
paper
2004Choosing the Federal Reserve Chair: Lessons from History In: Journal of Economic Perspectives.
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article105
2003Choosing the Federal Reserve Chair: Lessons from History.(2003) In: NBER Working Papers.
[Full Text][Citation analysis]
This paper has nother version. Agregated cites: 105
paper
2022A Social Insurance Perspective on Pandemic Fiscal Policy: Implications for Unemployment Insurance and Hazard Pay In: Journal of Economic Perspectives.
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article2
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1996Trade and Growth in East Asian Countries: Cause and Effect?.(1996) In: NBER Working Papers.
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1989Stock Market Forecastability and Volatility: A Statistical Appraisal.(1989) In: NBER Working Papers.
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1988WHAT ARE THE COSTS OF EXCESSIVE DEFICITS? In: Princeton, Woodrow Wilson School - Discussion Paper.
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2014Transfer Payments and the Macroeconomy: The Effects of Social Security Benefit Changes, 1952-1991 In: NBER Working Papers.
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1987The Equilibrium and Optimal Timing of Price Changes.(1987) In: NBER Working Papers.
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2023Does Monetary Policy Matter? The Narrative Approach after 35 Years In: NBER Working Papers.
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1996Trade and Growth: An Empirical Investigation In: NBER Working Papers.
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2002Its Fourth Down and What Does the Bellman Equation Say? A Dynamic Programming Analysis of Football Strategy In: NBER Working Papers.
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