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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..
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9475: A Reverse Holdup Problem: When workers’ lack of bargaining power slows economic adjustments Downloads
Antonio Estache and Renaud Foucart
9474: Moving to a Job: The Role of Home Equity, Debt, and Access to Credit Downloads
Yuliya Demyanyk, Dmytro Hryshko, Maria Luengo-Prado and Bent Sorensen
9473: Optimal fiscal policy Downloads
Jasper Lukkezen and C. N. Teulings
9472: Which Fundamentals Drive Exchange Rates? A Cross-Sectional Perspective Downloads
Lucio Sarno and Maik Schmeling
9471: Policy Coordination, Convergence, and the Rise and Crisis of EMU Imbalances Downloads
Giuseppe Bertola
9470: Dynamic Effects of Credit Shocks in a Data-Rich Environment Downloads
Jean Boivin, Marc Giannoni and Dalibor Stevanovic
9469: Tractable Latent State Filtering for Non-Linear DSGE Models Using a Second-Order Approximation Downloads
Robert Kollmann
9468: Conflict Resolution, Public Goods and Patent Thickets Downloads
Dietmar Harhoff, Georg von Graevenitz and Stefan Wagner
9467: Benchmarking Politicians Downloads
Antonio Estache and Renaud Foucart
9466: If Technology Has Arrived Everywhere, Why Has Income Diverged? Downloads
Diego Comin and Martí Mestieri
9465: Structured Debt Ratings: Evidence on Conflicts of Interest Downloads
Matthias Efing and Harald Hau
9464: Perturbation Methods for Markov-Switching DSGE Models Downloads
Andrew Foerster, Juan F Rubio-Ramirez, Daniel Waggoner and Tao Zha
9463: Opaque Selling: Static or Inter-Temporal Price Discrimination? Downloads
Pascal Courty and Wenyu Liu
9462: Product Launches and Buying Frenzies: A Dynamic Perspective Downloads
Pascal Courty and Javad Nasiry
9461: Manipulating Reliance on Intuition Reduces Risk and Ambiguity Aversion Downloads
Jeffrey Butler, Luigi Guiso and Tullio Jappelli
9460: Relational Knowledge Transfers Downloads
Luis Garicano and Luis Rayo
9459: Asset Prices with Heterogeneity in Preferences and Beliefs Downloads
Harjoat Bhamra and Raman Uppal
9458: Patents and Cumulative Innovation: Causal Evidence from the Courts Downloads
Alberto Galasso and Mark Schankerman
9457: How do Global Banks Scramble for Liquidity? Evidence from the Asset-Backed Commercial Paper Freeze of 2007 Downloads
Viral V Acharya, Gara Afonso and Anna Kovner
9456: Stock Return Serial Dependence and Out-of-Sample Portfolio Performance Downloads
Victor DeMiguel, Francisco J. Nogales and Raman Uppal
9455: Multitasking and Wages Downloads
Dennis Görlich and Dennis J. Snower
9454: The role of automatic stabilizers in the U.S. business cycle Downloads
Alisdair McKay and Ricardo Reis
9453: Radio and the Rise of the Nazis in Prewar Germany Downloads
Maja Adena, Ruben Enikolopov, Maria Petrova, Veronica Aoki Santarosa and Ekaterina Zhuravskaya
9452: Measuring Political Information Rents: Evidence from the European Agricultural Reform Downloads
Hans Peter Grüner and Daniel Muller
9451: Strategic Search Diversion, Product Affiliation and Platform Competition Downloads
Andrei Hagiu and Bruno Jullien
9450: South-South migration and the labor market: Evidence from South Africa Downloads
Giovanni Facchini, Anna Maria Mayda and Mariapia Mendola
9449: Climate, ecosystem resilience and the slave trade Downloads
James Fenske and Namrata Kala
9448: The Gender Unemployment Gap Downloads
Stefania Albanesi and Aysegul Sahin
9447: A bargaining theory of trade invoicing and pricing Downloads
Linda Goldberg and Cédric Tille
9446: Emotions and Political Unrest Downloads
Francesco Passarelli and Guido Tabellini
9444: European migration, national origin and long-term economic development in the US Downloads
Andrés Rodríguez-Pose and Viola von Berlepsch
9443: This Is Only a Test? Long-Run Impacts of Prenatal Exposure to Radioactive Fallout Downloads
Sandra Black, Aline Bütikofer, Paul Devereux and Kjell G Salvanes
9442: The Pruned State-Space System for Non-Linear DSGE Models: Theory and Empirical Applications Downloads
Martin M. Andreasen, Jesus Fernandez-Villaverde and Juan F Rubio-Ramirez
9441: The Causal Impact of Common Native Language on International Trade: Evidence from a Spatial Regression Discontinuity Design Downloads
Peter Egger and Andrea Lassmann
9440: The Geography of Inter-State Resource Wars Downloads
Francesco Caselli, Massimo Morelli and Dominic Rohner
9439: Resistance to Technology Adoption: The Rise and Decline of Guilds Downloads
Klaus Desmet and Stephen Parente
9438: How Elastic are Preferences for Redistribution? Evidence from Randomized Survey Experiments Downloads
Ilyana Kuziemko, Michael Norton, Emmanuel Saez and Stefanie Stantcheva
9437: The miracle of microfinance? Evidence from a randomized evaluation Downloads
Abhijit Banerjee, Esther Duflo, Rachel Glennerster and Cynthia Kinnan
9436: Time Variation in Macro-Financial Linkages Downloads
Sandra Eickmeier, Massimiliano Marcellino and Esteban Prieto
9435: Competitors, Complementors, Parents and Places: Explaining Regional Agglomeration in the U.S. Auto Industry Downloads
Luis Cabral, Zhu Wang and Yi Xu
9434: Quantifying Productivity Gains from Foreign Investment Downloads
Christian Fons-Rosen, Sebnem Kalemli-Ozcan, Bent Sorensen, Carolina Villegas-Sanchez and Vadym Volosovych
9433: The Spatial Development of India Downloads
Klaus Desmet, Ejaz Ghani, Stephen O'Connell and Esteban Rossi-Hansberg
9432: The "Greatest" Carry Trade Ever? Understanding Eurozone Bank Risks Downloads
Viral V Acharya and Sascha Steffen
9431: Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights Downloads
Viral V Acharya, Robert Engle and Diane Pierret
9430: Agglomeration, City Size and Crime Downloads
Carl Gaigne and Yves Zenou
9429: Playing the Fertility Game at Work: An Equilibrium Model of Peer Effects Downloads
Federico Ciliberto, Amalia Miller, Helena Nielsen and Marianne Simonsen
9428: Trade openness and spatial inequality in emerging countries Downloads
Roberto Ezcurra and Andrés Rodríguez-Pose
9427: Hot and Cold Seasons in the Housing Market Downloads
L. Rachel Ngai and Silvana Tenreyro
9426: European Cooperative R&D and Firm Performance: Evidence Based on Funding Differences in Key Actions Downloads
Luis Aguiar Wicht and Philippe Gagnepain
9425: Productivity Growth, Human Capital, and Technology Spillovers: Nonparametric Evidence for EU Regions Downloads
Harald Badinger, Peter Egger and Maximilian von Ehrlich
9424: Assessing International Efficiency Downloads
Jonathan Heathcote and Fabrizio Perri
9423: An Equilibrium Model of the African HIV/AIDS Epidemic Downloads
Jeremy Greenwood, Philipp Kircher, Cezar Santos and Michele Tertilt
9422: Banking and the Macroeconomy in China: A Banking Crisis Deferred? Downloads
Vo Phuong Mai Le, Kent Matthews, David Meenagh, A. Patrick Minford and Zhiguo Xiao
9421: Supply-chain trade: A portrait of global patterns and several testable hypotheses Downloads
Richard Baldwin and Javier Lopez-Gonzalez
9420: Does the market choose optimal health insurance coverage? Downloads
Jan Boone
9419: Bonus Culture: Competitive Pay, Screening, and Multitasking Downloads
Roland Benabou and Jean Tirole
9418: Inferring hawks and doves from voting records Downloads
Sylvester Eijffinger, Ronald Mahieu and Louis Raes
9417: Monopolistic Competition and Optimum Product Selection: Why and how heterogeneity matters Downloads
Antonella Nocco, Gianmarco Ottaviano and Matteo Salto
9416: The Economic Incentives of Cultural Transmission: Spatial Evidence from Naming Patterns across France Downloads
Yann Algan, Thierry Mayer and Mathias Thoenig
9415: Finance at Center Stage: Some Lessons of the Euro Crisis Downloads
Maurice Obstfeld
9414: Weathering the crisis and beyond: Perspectives for the Euro Area Downloads
Christoph Schmidt and Benjamin Weigert
9413: Which Firms are Left in the Periphery? - Spatial Sorting of Heterogeneous Firms with Scale Economies in Transportation Downloads
Rikard Forslid and Toshihiro Okubo
9412: Trade, Transboundary Pollution and Market Size Downloads
Rikard Forslid, Toshihiro Okubo and Mark Sanctuary
9411: A Monte Carlo procedure for checking identification in DSGE models Downloads
Vo Phuong Mai Le, A. Patrick Minford and Michael Wickens
9410: Migration and Wage Effects of Taxing Top Earners: Evidence from the Foreigners' Tax Scheme in Denmark Downloads
Henrik Kleven, Camille Landais, Emmanuel Saez and Esben Schultz
9409: Why is hedge fund activism procyclical? Downloads
Mike Burkart and Amil Dasgupta
9408: Subjective and Objective Indicators of Racial Progress Downloads
Betsey Stevenson and Justin Wolfers
9407: Bond Market Clienteles, the Yield Curve, and the Optimal Maturity Structure of Government Debt Downloads
Stéphane Guibaud, Yves Nosbusch and Dimitri Vayanos
9406: Consumption Growth, the Interest Rate, and Financial Literacy Downloads
Tullio Jappelli and Mario Padula
9405: Firm Heterogeneity and Aggregate Welfare Downloads
Marc Melitz and Stephen Redding
9404: Political Credit Cycles: The Case of the Euro Zone Downloads
Jesus Fernandez-Villaverde, Luis Garicano and Tano Santos
9403: The Market for OTC Derivatives Downloads
Andrew Atkeson, Andrea Eisfeldt and Pierre-Olivier Weill
9402: The Macroeconomics of Modigliani-Miller Downloads
Hans Gersbach, Hans Haller and Jürg Müller
9401: Do large departments make academics more productive? Agglomeration and peer effects in research Downloads
Clement Bosquet and Pierre-Philippe Combes
9400: How Much do Bank Shocks Affect Investment? Evidence from Matched Bank-Firm Loan Data Downloads
Mary Amiti and David Weinstein
9399: Life Expectancy, Schooling, and Lifetime Labor Supply: Theory and Evidence Revisited Downloads
Matteo Cervellati and Uwe Sunde
9398: Trade Theory with Numbers: Quantifying the Consequences of Globalization Downloads
Arnaud Costinot and Andres Rodriguez-Clare
9397: Screening-Based Competition Downloads
Thomas Gehrig and Rune Stenbacka
9396: Investments in physical capital, relationship-specificity, and the property rights approach Downloads
Patrick Schmitz
9395: Rational Inattention and Organizational Focus Downloads
Wouter Dessein, Andrea Galeotti and Tano Santos
9394: Firewood Collections and Economic Growth in Rural Nepal 1995-2010: Evidence from a Household Panel Downloads
Jean-Marie Baland, François Libois and Dilip Mookherjee
9393: Roads and Trade: Evidence from the US Downloads
Gilles Duranton, Peter Morrow and Matthew Turner
9392: What causes banking crises? An empirical investigation for the world economy Downloads
Vo Phuong Mai Le, David Meenagh, A. Patrick Minford and Zhirong Ou
9391: What's Holding Back EU Exports to China? Downloads
Simon Evenett, Johannes Fritz and Martin Wermelinger
9390: Demographic Dividends Revisited Downloads
Jeffrey G Williamson
9389: Search and Work in Optimal Welfare Programs Downloads
Nicola Pavoni, Ofer Setty and Giovanni L Violante
9388: Identification and Inference Using Event Studies Downloads
Refet Gürkaynak and Jonathan Wright
9387: The Trade Impact of the Zollverein Downloads
Wolfgang Keller and Carol Hua Shiue
9386: Sectoral Technology and Structural Transformation Downloads
Berthold Herrendorf, Christopher Herrington and Akos Valentinyi
9385: Selling to a cartel of retailers: a model of hub-and-spoke collusion Downloads
Nicolas Sahuguet and Alexis Walckiers
9384: Deception detection and the role of self-selection Downloads
Kai Konrad, Tim Lohse and Salmai Qari
9383: Spending-based austerity measures and their effects on output and unemployment Downloads
Dimitrios Bermperoglu, Evi Pappa and Eugenia Vella
9382: Do Institutions and Culture Matter for Business Cycles? Downloads
Sumru Altug and Fabio Canova
9381: Choosing the variables to estimate singular DSGE models Downloads
Fabio Canova, Filippo Ferroni and Christian Matthes
9380: Panel Vector Autoregressive Models: A Survey Downloads
Fabio Canova and Matteo Ciccarelli
9379: Bridging DSGE Models and the raw data Downloads
Fabio Canova
9378: Is the UK triple-A? Downloads
Vito Polito and Michael Wickens
9377: Forecasting Stock Returns under Economic Constraints Downloads
Davide Pettenuzzo, Allan G Timmermann and Rossen Valkanov
9376: Cooperative Investment, Uncertainty and Access Downloads
Marc Bourreau, Carlo Cambini and Steffen Hoernig
9375: Worker Matching and Firm Value Downloads
Espen Moen and Eran Yashiv
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