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CEPR Discussion Papers
from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 77 Bastwick Street, London EC1V 3PZ. Series data maintained by ().
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8988: Push-Me Pull-You: Comparative Advertising in the OTC Analgesics Industry
Simon P Anderson , Federico Ciliberto , Jura Liaukonyte and Régis Renault
8987: The Role of Borders, Languages, and Currencies as Obstacles to Labor Market Integration
Kevin Bartz and Nicola Fuchs-Schündeln
8986: Exchange rate regimes and fiscal multipliers
Benjamin Born , Falko Juessen and Gernot Müller
8985: Global Banks, Financial Shocks and International Business Cycles: Evidence from an Estimated Model
Robert Kollmann
8984: What's News in Business Cycles
Stephanie Schmitt-Grohé and Martín Uribe
8983: Managing Currency Pegs
Stephanie Schmitt-Grohé and Martín Uribe
8982: Vertical Exclusion with Endogenous Competiton Externalities
Stephen Hansen and Massimo Motta
8981: Care or Cash? The Effect of Child Care Subsidies on Student Performance
Sandra Black , Paul J. Devereux , Katrine Løken and Kjell G Salvanes
8980: Do Oil Prices Help Forecast U.S. Real GDP? The Role of Nonlinearities and Asymmetries
Lutz Kilian and Robert J. Vigfusson
8979: Bubble Thy Neighbor: Portfolio Effects and Externalities from Capital Controls
Kristin Forbes , Marcel Fratzscher and Roland Straub
8978: Slow Recoveries: A Structural Interpretation
Jordi Galí , Frank Smets and Rafael Wouters
8977: Genetic testing with primary prevention and moral hazard
David Bardey and Philippe De Donder
8976: Do Public Health Interventions Crowd Out Private Health Investments? Malaria Control Policies in Eritrea
Pedro Carneiro , Tewolde Ghebremeskel , Joseph Keating and Andrea Locatelli
8975: The Effects of Democratization on Public Goods and Redistribution: Evidence from China
Monica Martinez-Bravo , Gerard Padro , Nancy Qian and Yang Yao
8974: The ECB as Lender of Last Resort for Sovereigns in the Euro Area
Willem H. Buiter and Ebrahim Rahbari
8973: A Reconciliation of SVAR and Narrative Estimates of Tax Multipliers
Karel Mertens and Morten O Ravn
8972: Nonlinear Adventures at the Zero Lower Bound
Jesús Fernández-Villaverde , Grey Gordon , Pablo A. Guerron-Quintana and Juan Francisco Rubio-Ramírez
8971: The Sovereign Default Puzzle: Modelling Issues and Lessons for Europe
Daniel Cohen and Sébastien Villemot
8970: Switching Costs and Equilibrium Prices
Luís M B Cabral
8969: Local Bias and Stock Market Conditions
Mariassunta Giannetti and Luc Laeven
8968: Wage Rigidity and Job Creation
Christian Haefke , Marcus Sonntag and Thijs van Rens
8967: The Pricing of Art and the Art of Pricing: Pricing Styles in the Concert Industry
Pascal Courty and Mario Pagliero
8965: Sale of Visas: A Smuggler's Final Song?
Emmanuelle Auriol and Alice Mesnard
8964: Do Local Amenities Affect the Appeal of Regions in Europe for Migrants?
Tobias Ketterer and Andrés Rodríguez-Pose
8963: Networked FDI: Sales and Sourcing Patterns of Japanese Foreign Affiliates
Richard Baldwin and Toshihiro Okubo
8962: The Dictator Effect: How Long Years in Office Affects Economic Development in Africa and the Near East
Jason Papaioannou and Jan Luiten van Zanden
8961: Prudential Policy for Peggers
Stephanie Schmitt-Grohé and Martín Uribe
8960: A Theory of Political Entrenchment
Gilles Saint-Paul , Davide Ticchi and Andrea Vindigni
8959: Some Properties of Autocoherent Models
Gilles Saint-Paul
8958: Current Account Imbalances in Europe
Philip R. Lane and Barbara Pels
8957: Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability
Roberto A De Santis , Carlo A. Favero and Barbara Roffia
8956: The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence
Roger E A Farmer
8955: Fiscal Consolidation in an Open Economy
Christopher Erceg and Jesper Lindé
8954: How Trade Credits Foster International Trade
Katharina Eck , Martina Engemann and Monika Schnitzer
8953: A dynamic analysis of bank bailouts and constructive ambiguity
Sylvester C W Eijffinger and Rob Nijskens
8952: Super-Additionality: A Neglected Force in Markets for Carbon Offsets
Antonio Bento , Ravi Kanbur and Benjamin Leard
8951: Structural Reforms and Regional Convergence
Natasha Xingyuan Che and Antonio Spilimbergo
8950: Asia’s Growth, the Changing Geography of World Trade, and Food Security: Projections to 2030
Kym Anderson and Anna Strutt
8949: Multi-Stage Sequential All-Pay Auctions
Ella Segev and Aner Sela
8948: Dynamic Moral Hazard, Learning and Belief Manipulation
Venkataraman Bhaskar
8947: The Return of Financial Repression
Carmen M. Reinhart
8946: A Theory of Optimal Capital Taxation
Thomas Piketty and Emmanuel Saez
8945: Does Misinformation Demobilize the Electorate? Measuring the Impact of Alleged 'Robocalls' in the 2011 Canadian Election
Tom Cornwall and Anke S. Kessler
8944: Money, credit, monetary policy and the business cycle in the euro area
Domenico Giannone , Michele Lenza and Lucrezia Reichlin
8943: The use of tax havens in exemption regimes
Anna Gumpert , James R Hines and Monika Schnitzer
8942: Trade liberalization and credit constraints: Why opening up may fail to promote convergence
Katrin Peters and Monika Schnitzer
8941: Choosing a Champion: Party Membership and Policy Platform
Simon Anderson and Kieron J Meagher
8940: Transfers, Diversification and Household Risk Strategies: Experimental evidence with lessons for climate change adaptation
Karen Macours , Patrick Premand and Renos Vakis
8939: Transparency, Tax Pressure and Access to Finance
Andrew Ellul , Tullio Jappelli , Marco Pagano and Fausto Panunzi
8938: Debt Deleveraging and the Exchange Rate
Pierpaolo Benigno and Federica Romei
8937: Protectionism Isn’t Counter-Cyclic (anymore)
Andrew Kenan Rose
8936: Competition for Managers, Corporate Governance and Incentive Compensation
Viral V Acharya , Marc Gabarro and Paolo Volpin
8935: (Re-) Shaping Hatred: Anti-Semitic Attitudes in Germany, 1890-2006
Nico Voigtländer and Hans-Joachim Voth
8934: Household Finance: An Emerging Field
Luigi Guiso and Paolo Sodini
8933: Inflation Forecast Contracts
Hans Gersbach and Volker Hahn
8932: The Role of Social Networks and Peer Effects in Education Transmission
Sebastian Bervoets , Antoni Calvó-Armengol and Yves Zenou
8931: Exports and Wages: Rent Sharing, Workforce Composition or Returns to Skills?
Mario Macis and Fabiano Schivardi
8930: Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence
Arnaud Costinot and Dave Donaldson
8929: Lifetime earnings inequality in Germany
Timm Bönke , Giacomo Corneo and Holger Lüthen
8928: Monetary policy responses to oil price fluctuations
Martin Bodenstein , Luca Guerrieri and Lutz Kilian
8927: A proposal for the resolution of systemically important assets and liabilities: The case of the repo market
Viral V Acharya and T Sabri Öncü
8926: Getting Ready: Preparation for Exporting
Leonardo Iacovone and Beata Javorcik
8925: The Optimal Control of Infectious Diseases via Prevention and Treatment
Robert Rowthorn and Flavio Toxvaerd
8924: Understanding Bubbly Episodes
Vasco Marques de Carvalho , Alberto Martin and Jaume Ventura
8923: Product quality, competition, and multi-purchasing
Simon Anderson , Øystein Foros and Hans Jarle Kind
8922: How Can Bill and Melinda Gates Increase Other People's Donations to Fund Public Goods?
Dean S. Karlan and John List
8921: The Role of Salience in Performance Schemes: Evidence from a Field Experiment
Florian Englmaier , Andreas Roider and Uwe Sunde
8920: Sorting and local wage and skill distributions in France
Pierre-Philippe Combes , Gilles Duranton , Laurent Gobillon and Sébastien Roux
8919: Human Capital, Innovation, and Climate Policy: An Integrated Assessment
Carlo Carraro , Enrica De Cian and Massimo Tavoni
8918: Real exchange rate adjustment, wage-setting institutions, and fiscal stabilization policy: Lessons of the Eurozone’s first decade
Wendy Carlin
8917: Bayesian Model Averaging, Learning and Model Selection
George William Evans , Seppo Mikko Sakari Honkapohja , Thomas J Sargent and Noah Williams
8916: The Role of Speculation in Oil Markets: What Have We Learned So Far?
Bassam Fattouh , Lutz Kilian and Lavan Mahadeva
8915: Household Responses to Information on Child Nutrition: Experimental Evidence from Malawi
Emla Fitzsimons , Bansi Malde , Alice Mesnard and Marcos Vera-Hernández
8914: Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts
Ulf Axelson , Tim Jenkinson , Per Johan Strömberg and Michael Steven Weisbach
8913: Aggregate Risk and the Choice between Cash and Lines of Credit
Viral V Acharya , Heitor Almeida and Murillo Campello
8912: Greenfield FDI and Skill Upgrading
Ronald Davies and Rodolphe Desbordes
8911: Import Prices, Income, and Inequality
Eddy Bekkers , Joseph Francis Francois and Miriam Manchin
8910: Backwards Integration and Strategic Delegation
Matthias Hunold , Lars-Hendrik Röller and Konrad O Stahl
8909: Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy
Francesco Bosello , Carlo Carraro and Enrica De Cian
8908: Awareness and AIDS: A Political Economy Perspective
Gani Aldashev and Jean-Marie Baland
8907: Migration to the Cloud Ecosystem: Ushering in a New Generation of Platform Competition
Chaim Fershtman and Neil Gandal
8906: Bilateral Exchange Rates and Jobs
Eddy Bekkers and Joseph Francis Francois
8905: Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent
Viral V Acharya , Marco Pagano and Paolo Volpin
8904: Aspirations, Well-being, Risk-Aversion and Loss-Aversion
Kees Koedijk , Rachel A J Pownall and Meir Statman
8903: International trade in natural resources: Practice and policy
Michele Ruta and Anthony J. Venables
8902: The world’s oldest fiscal watchdog: CPB’s analyses foster consensus on economic policy
Frits Bos and C. N. Teulings
8901: Decentralized Deterrence, with an Application to Labor Tax Auditing
Edoardo Di Porto , Nicola Persico and Nicolas Sahuguet
8900: Prices, Markups and Trade Reform
Jan K. De Loecker , Pinelopi Koujianou Goldberg , Amit Kumar Khandelwal and Nina Pavcnik
8899: Can Rare Events Explain the Equity Premium Puzzle?
Anisha Ghosh and Christian Julliard
8898: Change You Can Believe In? Hedge Fund Data Revisions
Andrew Patton , Tarun Ramadorai and Michael Streatfield
8897: The Procyclical Effects of Bank Capital Regulation
Rafael Repullo and Javier Suarez
8896: Green Shoots and Double Dips in the Euro Area. A Real Time Measure
Maximo Camacho , Gabriel Pérez-Quirós and Pilar Poncela
8895: Energy and Climate Change in China
Carlo Carraro and Emanuele Massetti
8894: Common Drifting Volatility in Large Bayesian VARs
Andrea Carriero , Todd Clark and Massimiliano Marcellino
8892: Policy Change and Learning in the RBC Model
George William Evans , Seppo Mikko Sakari Honkapohja and Kaushik Mitra
8891: Fiscal Policy and Learning
George William Evans , Seppo Mikko Sakari Honkapohja and Kaushik Mitra
8890: On the optimal supply of liquidity with borrowing constraints
Francesco Lippi and Nicholas Trachter
8889: The Dynamics of Homeownership Among the 50+ in Europe
Viola Angelini , Agar Brugiavini and Guglielmo Weber
8888: Does the Current Account Still Matter?
Maurice Obstfeld
8887: The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico
Miriam Bruhn , Dean S. Karlan and Antoinette S Schoar