Front Matter

Nonparametric Pricing of Interest Rate Derivative Securities

Yacine Ait-Sahalia
p. 527-560

Asymptotically Optimal Smoothing with Arch Models

Daniel B. Nelson
p. 561-573

Consistency and Asymptotic Normality of the Quasi-Maximum Likelihood Estimator in IGARCH(1,1) and Covariance Stationary GARCH(1,1) Models

Robin L. Lumsdaine
p. 575-596

Testing for Parameter Constancy in Linear Regressions: An Empirical Distribution Function Approach

Jushan Bai
p. 597-622

Federal Fiscal Constitutions: Risk Sharing and Moral Hazard

Guido Tabellini, Torsten Persson
p. 623-646

Unemployment Insurance Rules, Joblessness, and Part-Time Work

Brian P. McCall
p. 647-682

Notes and Comments: Changes in Background Risk and Risk Taking Behavior

Christian Gollier, Harris Schlesinger, Louis Eeckhoudt
p. 683-689

Notes and Comments: Maintaining a Reputation Against a Long-Lived Opponent

David K. Levine, Drew Fudenberg, Marco Celetani, Wolfgang Pesendorfer
p. 691-704

Notes and Comments: Admissibility of the Likelihood Ratio Test when the Parameter Space is Restricted under the Alternative

Donald W. K. Andrews
p. 705-718

Notes and Comments: Convergence Rates of SNP Density Estimators

A. Ronald Gallant, Victor M. Fenton
p. 719-727

Announcements

p. 728-729

News Notes

p. 730-731

The Econometric Society Annual Reports, 1995: Report of the President

Christopher A. Sims
p. 732-735

1995 Election of Fellows to the Econometric Society

p. 736-740

Fellows of the Econometric Society, January, 1996

p. 741-761

[Photograph]: Christopher A. Sims, President of the Econometric Society, 1995

Back Matter