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CEPR Discussion Papers
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8208: Reservation Wages of First and Second Generation Migrants
Amelie F. Constant , Annabelle Krause , Ulf Rinne and Klaus F. Zimmermann
8207: Economic Preferences and Attitudes of the Unemployed: Are Natives and Second Generation Migrants Alike?
Amelie F. Constant , Annabelle Krause , Ulf Rinne and Klaus F. Zimmermann
8206: Inefficiencies in technology transfer: theory and empirics
Marie-Laure Allain , Emeric Henry and Margaret K. Kyle
8205: Understanding the size and profitability of firms: The role of a biological factor
Luigi Guiso and Aldo Rustichini
8204: What drives women out of entrepreneurship? The joint role of testosterone and culture
Luigi Guiso and Aldo Rustichini
8203: Death by Market Power: Reform, Competition and Patient Outcomes in the National Health Service
Martin Gaynor , Rodrigo Moreno-Serra and Carol Propper
8202: Do Migrants Improve Governance at Home? Evidence from a Voting Experiment
Catia Batista and Pedro C. Vicente
8201: Credit Risk and Disaster Risk
Francois Gourio
8200: Equilibrium selection in a fundamental model of money
Luis Araujo and Bernardo Guimaraes
8199: Monetary Policy, Leverage, and Bank Risk-taking
Giovanni DellAriccia , Luc Laeven and Robert Marquez
8198: Optimal portfolio allocation for corporate pension funds
David McCarthy and David Kenneth Miles
8197: Repayment incentives and the distribution of gains from group lending
Jean-Marie Baland , Rohini Somanathan and Zaki Wahhaj
8196: Selective immigration policies, migrants' education and welfare at origin
Simone Bertoli and Herbert Brücker
8195: Contracts as Threats: on a Rationale For Rewarding A while Hoping For B
Elisabetta Iossa and Giancarlo Spagnolo
8194: Forecast Rationality Tests Based on Multi-Horizon Bounds
Andrew Patton and Allan Timmermann
8193: Unconventional Fiscal Policy at the Zero Bound
Isabel Correia , Emmanuel Farhi , Juan Pablo Nicolini and Pedro Teles
8192: Monetary Policy in the Media
Helge Berger , Michael Ehrmann and Marcel Fratzscher
8191: Trade and Labor Market Outcomes
Elhanan Helpman , Oleg Itskhoki and Stephen James Redding
8190: Who Should Pay for Certification?
Konrad O Stahl and Roland Strausz
8189: Does Fiscal Policy Matter? Blinder and Solow Revisited
Roger E. A. Farmer and Dmitry Plotnikov
8188: Import competition from and outsourcing to China: a curse or blessing for firms?
Giordano Mion and Linke Zhu
8187: Welfare regimes and the incentives to work and get educated
Andrés Rodríguez-Pose and Vassilis Tselios
8186: Multi-Product Firms at Home and Away: Cost- versus Quality-based Competence
Carsten Eckel , Leonardo Iacovone , Beata Smarzynska Javorcik and J. Peter Neary
8185: Criminal Networks: Who is the Key Player?
Lung-Fei Lee , Xiaodong Liu , Eleonora Patacchini and Yves Zenou
8184: Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching
Lars Boerner and Albrecht Ritschl
8183: Sequential All-Pay Auctions with Head Starts
Ella Segev and Aner Sela
8182: Citizenship and Employment – comparing two cool countries
Pieter Bevelander and Ravi Pendakur
8181: Services Trade Liberalization and Regulatory Reform: Re-invigorating International Cooperation
Bernard Hoekman and Aaditya Mattoo
8180: Floats, pegs and the transmission of fiscal policy
Giancarlo Corsetti , Keith Kuester and Gernot Müller
8179: Inequality, Leverage and Crises
Michael Kumhof and Romain Ranciere
8178: On the development strategy of countries of intermediate size - An analysis of heterogenous firms in a multiregion framework
Rikard Forslid and Toshihiro Okubo
8177: Second Order Approximation of Dynamic Models with Time-Varying Risk
Gianluca D. Benigno , Pierpaolo Benigno and Salvatore Nisticò
8176: Anticipated Alternative Instrument-Rate Paths in Policy Simulations
Stefan Laséen and Lars E. O. Svensson
8175: Financial Crisis and Macro-Prudential Policies
Gianluca D. Benigno , Huigang Chen , Christopher Otrok , Alessandro Rebucci and Eric R. Young
8174: Nonlinearities in the Oil Price-Output Relationship
Lutz Kilian and Robert John Vigfusson
8173: Bilateral Financial Linkages and Global Imbalances: A View on The Eve of the Financial Crisis
Gian Maria Milesi-Ferretti , Francesco Strobbe and Natalia Tamirisa
8172: Oligopoly and Trade
Dermot Leahy and J. Peter Neary
8171: Rethinking the Effects of Financial Liberalization
Fernando Broner and Jaume Ventura
8170: Financial Frictions, Investment, and Institutions
Stijn Claessens , Kenichi Ueda and Yishay Yafeh
8169: Macroeconomics and Volatility: Data, Models, and Estimation
Jesus Fernandez-Villaverde and Juan F Rubio-Ramirez
8168: Urban Accounting and Welfare
Klaus Desmet and Esteban Rossi-Hansberg
8167: Public-private partnerships versus traditional procurement: An experimental investigation
Eva Isabel Hoppe , David Jakob Kusterer and Patrick W. Schmitz
8166: The Evaluation of Citation Distributions from an Economic Perspective
Javier Ruiz-Castillo
8165: Paved with Good Intentions: Global Financial Integration, the Eurozone, and the Imaginary Road to the Fabled Gold Standard
Geoffrey R D Underhill
8164: Theory and the Market after the Crisis: the Endogeneity of Financial Governance
Geoffrey R D Underhill
8163: Relocating the value chain: Off-shoring and agglomeration in the global economy
Richard Baldwin and Anthony J. Venables
8162: Unilateral tariff liberalisation
Richard Baldwin
8161: No trade, one-way or two-way trade?
Toshihiro Okubo , Pierre M. Picard and Jacques François Thisse
8160: What Drives the European Central Bank's Interest-Rate Changes?
Morten Aastrup and Henrik Jensen
8159: Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914
Jan Boone and Michiel Van Leuvensteijn
8158: How Useful Are Estimated DSGE Model Forecasts for Central Bankers?
Rochelle M Edge and Refet S. Gürkaynak
8157: Why crises happen - nonstationary macroeconomics
James Davidson , David Meenagh , A. Patrick L. Minford and Michael R. Wickens
8156: Ratings Quality over the Business Cycle
Heski Bar-Isaac and Joel Shapiro
8155: Colonial Rule, Apartheid and Natural Resources: Top Incomes in South Africa, 1903-2007
Facundo Alvaredo and Anthony Barnes Atkinson
8154: Risk, Uncertainty and Monetary Policy
Geert Bekaert , Marie Hoerova and Marco Lo Duca
8153: Exchange Rate Pass-through and Monetary Policy in South Africa
Janine Aron , Greg Farrell , John Muellbauer and Peter Sinclair
8152: Two-Tier Labor Markets in the Great Recession: France vs. Spain
Samuel Bentolila , Pierre Cahuc , Juan J. Dolado and Thomas Le Barbanchon
8151: Spatial Sorting: Why New York, Los Angeles and Detroit attract the greatest minds as well as the unskilled
Jan Eeckhout , Roberto Benjamin Pinheiro and Kurt Schmidheiny
8150: Asset Return Dynamics Under Bad Environment-Good Environment Fundamentals
Geert Bekaert and Eric Engstrom
8149: Aggregate Idiosyncratic Volatility
Geert Bekaert , Robert James Hodrick and Xiaoyan Zhang
8148: Snow and Leverage
Xavier Giroud , Holger M Mueller , Alex Stomper and Arne Westerkamp
8147: And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize
Joachim Henkel , Thomas Rønde and Marcus Wagner
8146: Cheap Talk with Multiple Audiences: an Experimental Analysis
Marco Battaglini and Uliana Makarov
8145: The R&D-patent relationship: An industry perspective
Jérôme Danguy , Gaetan de Rassenfosse and Bruno van Pottelsberghe de la Potterie
8144: Competitive quantity discounts
Giacomo Calzolari and Denicolo', Vincenzo
8143: Politics and Monetary Policy
Michael Ehrmann and Marcel Fratzscher
8142: What Segments Equity Markets?
Geert Bekaert , Campbell R. Harvey , Christian T Lundblad and Stephan Siegel
8141: Innovation and Foreign Ownership
Maria Guadalupe , Olga Kuzmina and Catherine Thomas
8140: Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth
Nauro F. Campos , Ralitza Dimova Dimova and Ahmad Saleh
8139: Legal Institutions and Economic Development
Thorsten Beck
8138: Public Ownership of Banks and Economic Growth - The Role of Heterogeneity
Tobias Körner and Isabel Schnabel
8137: Financial Integration and Growth - Is Emerging Europe Different?
Christian Friedrich , Isabel Schnabel and Jeromin Zettelmeyer
8136: Dynamic Incentive Contracts under Parameter Uncertainty
Boyan Jovanovic and Julien Prat
8135: Job Contact Networks and the Ethnic Minorities
Harminder Battu , Paul Timothy Seaman and Yves Zenou
8134: Taxation and International Migration of Superstars: Evidence from the European Football Market
Henrik Kleven , Camille Landais and Emmanuel Saez
8133: Interregional Redistribution and Regional Disparities: How Equalization Does (Not) Work
Anke S. Kessler and Christian Lessmann
8132: Optimal Unemployment Insurance over the Business Cycle
Camille Landais , Pascal Michaillat and Emmanuel Saez
8131: International Capital Flows and Credit Market Imperfections: A Tale of Two Frictions
Alberto Martin and Filippo Taddei
8130: Globalization and Inflation in Europe
Raphael Anton Auer , Kathrin Degen and Andreas M Fischer
8129: Credit Supply and the Price of Housing
Giovanni Favara and Jean M. Imbs
8128: Housing purchases and the dynamics of housing wealth
Olympia Bover
8127: Social Interactions and Spillovers
Antonio Cabrales , Antoni Calvó-Armengol and Yves Zenou
8126: The Skewness of Science in 219 Sub-Fields and a Number of Aggregates
Pedro Albarran , Juan Alfonso Crespo , Ignacio Ortuño-Ortín and Javier Ruiz-Castillo
8125: Non-standard Monetary Policy Measures and Monetary Developments
Domenico Giannone , Michele Lenza , Huw Pill and Lucrezia Reichlin
8124: A flying start? Long term consequences of maternal time investments in children during their first year of life
Pedro Carneiro , Katrine Vellesen Løken and Kjell G Salvanes
8123: Rural-Urban Migration and Unemployment: Theory and Policy Implications
Yves Zenou
8122: How Should Financial Intermediation Services be Taxed?
Ben Lockwood
8121: A Note on Detecting Learning by Exporting
Jan K. De Loecker
8120: The Henry George Theorem in a second-best world
Kristian Behrens , Yoshitsugu Kanemoto and Yasusada Murata
8119: The Identification of Agglomeration Economies
Pierre-Philippe Combes , Gilles Duranton and Laurent Gobillon
8118: China’s Foreign Trade: Perspectives From the Past 150 Years
Wolfgang Keller , Ben Li and Carol Hua Shiue
8117: Spatial Relocation with Heterogeneous Firms and Heterogeneous Sectors
Rikard Forslid and Toshihiro Okubo
8116: Temporary Contracts, Incentives and Unemployment
Maia Güell and José Vicente Rodríguez Mora
8115: Sales, Quantity Surcharge, and Consumer Inattention
Sofronis Clerides and Pascal Courty
8114: Calling Circles: Network Competition with Non-Uniform Calling Patterns
Steffen H. Hoernig , Roman Inderst and Tommaso Valletti
8113: Stockholding: Participation, Location, and Spillovers
Dimitris Christelis , Dimitris Georgarakos and Michael Haliassos
8112: Recurrent Infection and Externalities in Prevention
Flavio Toxvaerd
8111: Infection, Acquired Immunity and Externalities in Treatment
Flavio Toxvaerd
8110: Search, Migration, and Urban Land Use: The Case of Transportation Policies
Yves Zenou
8109: Brothers in Alms? Coordination between NGOs on Markets for Development Donations
Gani Aldashev , Marco Marini and Thierry A. Verdier