CESifo Working Paper Series

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4723: Monetary Policies of Large Industrialised Countries, Emerging Market Credit Cycles and Feedback Effects

Andreas Hoffmann and Gunther Schnabl

4722: Using Bankruptcy to Reduce Foreclosures: Does Strip-down of Mortgages Affect the Supply of Mortgage Credit?

Wenli Li, Ishani Tewari and Michelle White

4721: Deserving Poor and the Desirability of Minimum Wage Rules

Tomer Blumkin and Leif Danziger

4720: Carbon Tariffs Revisited

Christoph Böhringer, André Müller and Jan Schneider

4719: Growing Groups, Cooperation, and the Rate of Entry

Eva Ranehill, Frédéric Schneider and Roberto Weber

4718: Trust, Racial Fragmentation and Income Inequality: New Evidence from the U.S

Andrea Tesei

4717: Trade Liberalization and Environmental Taxation in Federal Systems

Per Fredriksson and Xenia Matschke

4716: Fiscal Transfers and Fiscal Sustainability

Niklas Potrafke and Markus Reischmann

4715: Risk-Sharing and Contagion in Networks

Antonio Cabrales, Piero Gottardi and Fernando Vega-Redondo

4714: Public Investment when Capital is Back - Distributional Effects of Heterogeneous Saving Behavior

Linus Mattauch, Ottmar Edenhofer, David Klenert and Sophie Bénard

4713: Robust Mechanism Design and Social Preferences

Felix Bierbrauer, Axel Ockenfels, Andreas Pollak and Désirée Rückert

4712: Innovation Contests

David Perez-Castrillo and David Wettstein

4711: Point and Density Forecasts for the Euro Area Using Bayesian VARs

Tim Berg and Steffen Henzel

4710: Anti Profit-Shifting Rules and Foreign Direct Investment

Thiess Buettner, Michael Overesch and Georg Wamser

4709: Pricing Internet Traffic: Exclusion, Signalling and Screening

Bruno Jullien and Wilfried Sand-Zantman

4708: The Evidence on Globalization

Niklas Potrafke

4707: Security Gradient and National Defense - The Optimal Choice between a Draft Army and a Professional Army

Vesa Kanniainen and Staffan Ringbom

4706: Government Guarantees and Bank Risk Taking Incentives

Markus Fischer, Christa Hainz, Jörg Rocholl and Sascha Steffen

4705: The Learning Process and Technological Change in Wind Power: Evidence from China's CDM Wind Projects

Tian Tang and David Popp

4704: Taxing Banks: An Evaluation of the German Bank Levy

Claudia Buch, Björn Hilberg and Lena Tonzer

4703: Robustness of a Simple Rule for the Social Cost of Carbon

Armon Rezai and Frederick (Rick) van der Ploeg

4702: Forward Guidance in a Simple Model with a Zero Lower Bound

Gerhard Illing and Thomas Siemsen

4701: Shocks to Bank Lending, Risk-Taking, Securitization, and their Role for U.S. Business Cycle Fluctuations

Gert Peersman and Wolf Wagner

4700: Bayesian Repeated Games and Reputations

Francoise Forges and Antoine Salomon

4699: Learning to Export from Neighbors

Ana Fernandes and Heiwai Tang

4698: Black Sheep or Scapegoats? Implementable Monitoring Policies under Unobservable Levels of Misbehavior

Berno Buechel and Gerd Mühlheusser

4697: Fixed Export Costs and Export Behavior

Luis Castro, Ben Li, Keith Maskus and Yiqing Xie

4696: Youth Unemployment in Europe: Persistence and Macroeconomic Determinants

Guglielmo Maria Caporale and Luis Gil-Alana

4695: Thin Capitalization Rules and Multinational Firm Capital Structure

Jennifer Blouin, Harry Huizinga, Luc Laeven and Gaëtan Nicodème

4694: Transfer Pricing: Roles and Regimes

Søren Bo Nielsen

4693: Fiscal Rules and Government Size in the European Union

Jochen Mierau and Eduard Suari-Andreu

4692: Complexity, Efficiency, and Fairness of Multi-Product Monopoly Pricing

Eugenio Miravete, Katja Seim and Jeff Thurk

4691: Foreign Bidders Going Once, Going Twice... Protection in Government Procurement Auctions

Matthew Cole and Ronald Davies

4690: Taxation and Parental Time Allocation under Different Assumptions on Altruism

Alessandra Casarico and Alessandro Sommacal

4689: Using Military Build-Ups to Capture Fiscal Shocks: A Reassessment

Weonho Yang, Jan Fidrmuc and Sugata Ghosh

4688: Soft Paternalism, Merit Goods, and Normative Individualism

Gebhard Kirchgässner

4687: Incomplete Contracting, Renegotiation, and Expectation-Based Loss Aversion

Fabian Herweg, Heiko Karle and Daniel Müller

4686: Wood-Based Bioenergy

Michael Hoel and Thea Marcelia Sletten

4685: On the Optimal Composition of Committees

Ruth Ben-Yashar and Leif Danziger

4684: Education Promoted Secularization

Sascha Becker, Markus Nagler and Ludger Woessmann

4683: Can General Purpose Technology Theory Explain Economic Growth? Electrical Power as a Case Study

Cristiano Andrea Ristuccia and Solomos Solomou

4682: From One to Many Central Plans: Drug Advertising Inspections and Intra-National Protectionism in China

Markus Eberhardt, Zheng Wang and Zhihong Yu

4681: Rotten Spouses, Family Transfers and Public Goods

Helmuth Cremer and Kerstin Roeder

4680: The Impacts of Feed-in Tariffs on Innovation: Empirical Evidence from Germany

Christoph Böhringer, Alexander Cuntz, Dietmar Harhoff and Emmanuel Asane Otoo

4679: Productivity Response to a Contract Change

Rajshri Jayaraman, Debraj Ray and Francis de Véricourt

4678: The Lindahl Equilibrium in Schumpeterian Growth Models: Knowledge Diffusion, Social Value of Innovations and Optimal R&D Incentives

Elie Gray and André Grimaud

4677: International Student Migration: A Partial Identification Analysis

Romuald Méango

4676: The Roommate Problem - Is More Stable Than You Think

Pierre Chiappori, Alfred Galichon and Bernard Salanié

4675: Awareness Reduces Racial Bias

Devin G. Pope, Joseph Price and Justin Wolfers

4674: Bracelets of Pride and Guilt? An Experimental Test of Self-Signaling in Charitable Giving

Joël J. van der Weele and Ferdinand von Siemens

4673: Feeling the Heat: Temperature, Physiology & the Wealth of Nations

Geoffrey Heal and Jisung Park

4672: Do Land Use Policies Follow Road Construction

Miquel-Àngel Garcia-López, Albert Solé-Ollé and Elisabet Viladecans-Marsal

4671: Carbon Prices for the Next Hundred Years

Reyer Gerlagh and Matti Liski

4670: Foreign Languages and Trade

Jan Fidrmuc and Jarko Fidrmuc

4669: International Capital Markets Structure, Preferences and Puzzles: The US-China Case

Guglielmo Maria Caporale, Michael Donadelli and Alessia Varani

4668: Exporting and Labor Demand: Micro-level Evidence from Germany

Andreas Lichter, Andreas Peichl and Sebastian Siegloch

4667: Malthus and the Industrial Revolution: Evidence from a Time-Varying VAR

Alexander Rathke and Samad Sarferaz

4666: Firm Dynamics and Residual Inequality in Open Economies

Gabriel Felbermayr, Giammario Impullitti and Julien Prat

4665: Climate Change, Rice Crops and Violence. Evidence from Indonesia

Raul Caruso, Ilaria Petrarca and Roberto Ricciuti

4664: Hospital Treatment Rates and Spillover Effects: Does Ownership Matter?

Badi Baltagi and Yin-Fang Yen

4663: Measuring Individual Risk Attitudes in the Lab: Task or Ask? An Empirical Comparison

Jan-Erik Lönnqvist, Markku Verkasalo, Gari Walkowitz and Philipp Wichardt

4662: Markov Perfect Equilibria in Differential Games with Regime Switching Strategies

Ngo Long, Fabien Prieur, Klarizze Puzon and Mabel Tidball

4661: Does Female Empowerment Promote Economic Development

Matthias Doepke and Michele Tertilt

4660: Financial Development and Sustainable Exports: Evidence from Firm-Product Data

Melise Jaud, Madina Kukenova and Martin Strieborny

4659: Exchange-Rate Adjustment and Macroeconomic Interdependence between Stagnant and Fully Employed Countries

Yoshiyasu Ono

4658: Labor Market Effects of Sports and Exercise: Evidence from Canadian Panel Data

Michael Lechner and Nazmi Sari

4657: Us and Them: Distributional Preferences in Small and Large Groups

Heiner Schumacher, Iris Kesternich, Michael Kosfeld and Joachim Winter

4656: Incentives to Motivate

Ola Kvaløy and Anja Schöttner

4655: An Empirical Study of Pricing Strategies in an Online Market with High-Frequency Price Information

Sara Ellison and Christopher M. Snyder

4654: Charitable Giving and Nonbinding Contribution-Level Suggestions - Evidence from a Field Experiment

Maja Adena, Steffen Huck and Imran Rasul

4653: On the Persistence of Strategic Sophistication

Sotiris Georganas, Paul J. Healy and Roberto Weber

4652: Stakeholder Governance, Competition and Firm Value

Franklin Allen, Elena Carletti and Robert Marquez

4651: Structural Vector Autoregressions: Checking Identifying Long-run Restrictions via Heteroskedasticity

Helmut Luetkepohl and Anton Velinov

4650: No Guarantees, No Trade: How Banks Affect Export Patterns

Friederike Niepmann and Tim Schmidt-Eisenlohr

4649: China's Exchange Rate and Financial Repression: The Conflicted Emergence of the Renminbi as an International Currency

Ronald McKinnon and Gunther Schnabl

4648: Walk the Line: Conflict, State Capacity and the Political Dynamics of Reform

Sanjay Jain, Sumon Majumdar and Sharun Mukand

4647: Credit Market Competition and Liquidity Crises

Elena Carletti and Agnese Leonello

4646: Optimal Redistribution and Monitoring of Labor Effort

Floris Zoutman and Bas Jacobs

4645: Microeconometric Evidence of Financing Frictions and Innovative Activity

Amaresh K. Tiwari, Pierre Mohnen, Franz Palm and Sybrand Schim van der Loeff

4644: Strategic Approaches to CO2 Emissions - The Case of the Cement Industry and of the Chemical Industry

Diane Laure Arjaliès, Cécile Goubet and Jean-Pierre Ponssard

4643: On the Sensitivity of Collective Action to Uncertainty about Climate Tipping Points

Scott Barrett and Astrid Dannenberg

4642: Transparency, Flexibility and Macroeconomic Stabilization

Petra Geraats

4641: Parenthood and Productivity of Highly Skilled Labor: Evidence from the Groves of Academe

Matthias Krapf, Heinrich Ursprung and Christian Zimmermann

4640: Does Short-Time Work Save Jobs? A Business Cycle Analysis

Almut Balleer, Britta Gehrke, Wolfgang Lechthaler and Christian Merkl

4639: The Green Paradox in Open Economies

Ngo Long

4638: Team Production in Competitive Labor Markets with Adverse Selection

Ferdinand von Siemens and Michael Kosfeld

4637: Can you Leave High School Behind?

Sandra Black, Jane Arnold Lincove, Jenna Cullinane and Rachel Veron

4636: A Ranking Method Based on Handicaps

Gabrielle Demange

4635: Technology Agreements with Heterogeneous Countries

Michael Hoel and Aart de Zeeuw

4634: Confidence Bands for Impulse Responses: Bonferroni versus Wald

Helmut Luetkepohl, Anna Staszewska-Bystrova and Peter Winker

4633: Monetary Emissions Trading Mechanisms

Cyril Monnet and Ted Temzelides

4632: Collective Memory and Nostalgia in The Dutch Radio2 Top2000 Chart 1999-2013

Elmer Sterken

4631: Analysing Party Preferences Using Google Trends

Mirko Seithe and Lena Calahorrano

4630: Explaining the Size Differences of Exporter Productivity Premia: Theory and Evidence

Ingo Geishecker, Philipp Schröder and Allan Sørensen

4629: Can Competition Reduce Quality?

Kurt Brekke, Luigi Siciliani and Odd Straume

4628: Smells Like Fiscal Policy? Assessing the Potential Effectiveness of the ECB's OMT Program

Nikolay Hristov, Oliver Hülsewig, Thomas Siemsen and Timo Wollmershäuser

4627: Capacity Decisions with Demand Fluctuations and Carbon Leakage

Guy Meunier and Jean-Pierre Ponssard

4626: Conservatism Correction for the Market-To-Book Ratio and Tobin's q

Maureen McNichols, Madhav V. Rajan and Stefan Reichelstein

4625: Prices vs. Quantities with Endogenous Cost Structure

Halvor Briseid Storrøsten

4624: Intergenerational Risk-Sharing through Funded Pensions and Public Debt

Damiaan H.J. Chen, Roel Beetsma, Eduard Ponds and Ward Romp