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CEPR Discussion Papers
from C.E.P.R. Discussion Papers Centre for Economic Policy Research, 53--56 Great Sutton Street, London EC1V 0DG. Series data maintained by ().
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6051: Consumption Smoothing and Income Redistribution
Giuseppe Bertola and Winfried Koeniger
6050: The Age of Mass Migration: Economic and Institutional Determinants
Graziella Bertocchi and Chiara Strozzi
6049: Industry Reallocations in a Globalizing Economy
Kristian Behrens , Giordano Mion and Gianmarco I.P. Ottaviano
6048: International Profit Shifting within European Multinationals
Harry P. Huizinga and Luc Laeven
6047: Genetic Tests and Intertemporal Screening in Competitive Insurance Markets
Winand Emons
6046: What Do Independent Directors Know? Evidence from Their Trading
Enrichetta Ravina and Paola Sapienza
6045: Political Connections and Preferential Access to Finance: The Role of Campaign Contributions
Stijn Claessens , Erik Feijen and Luc Laeven
6044: Liquidity and Capital Structure
Ronald W Anderson and Andrew Carverhill
6043: A Two-Step Estimator for Large Approximate Dynamic Factor Models Based on Kalman Filtering
Catherine Doz , Domenico Giannone and Lucrezia Reichlin
6042: Delegation and Incentives
Helmut Bester and Daniel Krahmer
6041: Coarse Matching and Price Discrimination
Heidrun C. Hoppe , Benny Moldovanu and Emre Ozdenoren
6040: Optimal Debt Contracts under Costly Enforcement
Hans Hvide and Tore Leite
6039: Management of Knowledge Workers
Hans Hvide and Eirik Gaard Kristiansen
6038: Dynamic Choice, Independence, and Emotions
Astrid Hopfensitz and Frans A.A.M. van Winden
6037: Trade Agreements as Endogenously Incomplete Contracts
Henrik Horn , Giovanni Maggi and Robert W. Staiger
6036: Bank Imputed Interest Rates: Unbiased Estimates of Offered Rates?
Evren Örs and Tara Rice
6035: Optimal external debt and default
Bernardo Guimaraes
6034: Active Labour Market Policy Effects for Women in Europe - A Survey
Annette Bergemann and Gerard J. van den Berg
6033: Contractual Frictions and Global Sourcing
Pol Antras and Elhanan Helpman
6032: The Geography of Asset Trade and the Euro: Insiders and Outsiders
Nicolas Coeurdacier and Philippe Martin
6031: The Central Banker as a Risk Manager: Estimating the Federal Reserve's Preferences under Greenspan
Lutz Kilian and Simone Manganelli
6030: Pricing to Habits and the Law of One Price
Morten Ravn , Schmitt-Grohé, Stephanie and Martín Uribe
6029: Finance and Efficiency: Do Bank Branching Regulations Matter?
Viral V. Acharya , Jean M. Imbs and Jason Sturgess
6028: The Long-Term Consequences of Regional Specialization
Guy Michaels
6027: Evaluating An Estimated New Keynesian Small Open Economy Model
Malin Adolfson , Stefan Laséen , Jesper Lindé and Mattias Villani
6026: The Impact of ISO 9000 Diffusion on Trade and FDI: A New Institutional Analysis
Joseph A. Clougherty and Michal Grajek
6025: Pricing Patents for Licensing in Standard Setting Organisations: Making Sense of FRAND Commitments
Layne-Farrar, Anna , Atilano Jorge Padilla and Richard Schmalensee
6024: Loans or Grants
Daniel Cohen , Pierre Jacquet and Helmut Reisen
6023: Technological change and the demand for currency: An analysis with household data
Francesco Lippi and Alessandro Secchi
6022: The Evolution of Entrepreneurial Spirit and the Process of Development
Oded Galor and Stelios Michalopoulos
6021: Risk-bearing and Entrepreneurship
Andrew F. Newman
6020: A Survey of the Literature on the WTO Dispute Settlement System
Henrik Horn and Petros C Mavroidis
6019: Organizing for Synergies
Wouter Dessein , Luis Garicano and Robert Gertner
6018: Infrastructure and Public Utilities Privatization in Developing Countries
Emmanuelle Auriol and Pierre M. Picard
6017: Family Firms, Paternalism and Labour Relations
Holger M Mueller and Thomas Philippon
6016: Two-Part Tariffs versus Linear Pricing Between Manufacturers and Retailers: Empirical Tests on Differentiated Products Markets
Céline Bonnet , Pierre Dubois and Michel Simioni
6015: National Labour Markets, International Factor Mobility and Macroeconomic Instability
Marta Aloi and Teresa Lloyd-Braga
6014: Dictators, Repression and the Median Citizen: An “Eliminations Model” of Stalin’s Terror (Data from the NKVD Archives)
Paul Gregory , Philipp J.H. Schröder and Konstantin Sonin
6013: Lucas and Anti-Lucas Paradoxes
Orsetta Causa , Daniel Cohen and Marcelo Soto
6012: A Simple Benchmark for Forecasts of Growth and Inflation
Massimiliano Marcellino
6011: Optimal Incentives under Moral Hazard and Heterogeneous Agents: Evidence from Production Contracts Data
Pierre Dubois and Tomislav Vukina
6010: The 'Great Moderation' and the US External Imbalance
Alessandra Fogli and Fabrizio Perri
6009: Competition Fosters Trust
Steffen Huck , Gabriele K. Ruchala and Jean-Robert Tyran
6008: Offshoring and Product Innovation
Alireza Naghavi and Gianmarco I.P. Ottaviano
6007: The Marginal Cost of Public Funds in Developing Countries: An Application to 38 African Countries
Emmanuelle Auriol and Michael Warlters
6006: From Farmers to Merchants, Voluntary Conversions and Diaspora: A Human Capital Interpretation of Jewish History
Maristella Botticini and Zvi Eckstein
6005: Direct Evidence of Dividend Tax Clienteles
Magnus Dahlquist , Göran Robertsson and Kristian Rydqvist
6004: Heterogeneity of Preferences, Limited Commitment and Coalitions: Empirical Evidence on the Limits to Risk Sharing in Rural Pakistan
Pierre Dubois
6003: Wage Gaps and Job Sorting in African Manufacturing
Najy Benhassine , Marcel Fafchamps and Mans M. Soderbom
6002: Subjective Welfare, Isolation and Relative Consumption
Marcel Fafchamps and Forhad Shilpi
6001: Isolation and Subjective Welfare
Marcel Fafchamps and Forhad Shilpi
6000: Fear and Market Failure: Global Imbalances and 'Self-insurance'
Marcus Miller and Lei Zhang
5999: Insecurity and Welfare
Marcel Fafchamps and Bart Minten
5998: Are Russian Commercial Courts Biased? Evidence from a Natural Bankruptcy Experiment
Ariane Lambert-Mogiliansky , Konstantin Sonin and Ekaterina Zhuravskaya
5997: Deflationary Shocks and Monetary Rules: An Open-Economy Scenario Analysis
Douglas Laxton , N'Diaye, Papa and Paolo A. Pesenti
5996: Red Tape and Delayed Entry
Antonio Ciccone and Elias Papaioannou
5994: Not All Oil Price Shocks Are Alike: Disentangling Demand and Supply Shocks in the Crude Oil Market
Lutz Kilian
5993: Would Protectionism Defuse Global Imbalances and Spur Economic Activity? A Scenario Analysis
Hamid Faruqee , Douglas Laxton , Dirk Muir and Paolo A. Pesenti
5992: The Social Assimilation of Immigrants
Domenico de Palo , Riccardo Faini and Alessandra Venturini
5991: The Economics of Prozac (Do Employees Really Gain from Strong Employment Protection?)
Etienne Wasmer
5990: Academic Journals as Two-Sided Platforms: Empirical Evidence from Data on French Libraries
Pierre Dubois , Hernandez-Perez, Adriana and Marc IVALDI
5989: The Long Run Health and Economic Consequences of Famine on Survivors: Evidence from China's Great Famine
Xin Meng and Nancy Qian
5988: Structural Reforms and Growth: Product and Labor Market Deregulations
Sylvester Eijffinger and Alberto Rossi
5987: Licensing Complementary Patents and Vertical Integration
Klaus M. Schmidt
5986: Missing Women and the Price of Tea in China: The Effect of Sex-Specific Earnings on Sex Imbalance
Nancy Qian
5985: Businessman Candidates
Scott Gehlbach , Konstantin Sonin and Ekaterina Zhuravskaya
5984: Tax Competition and the International Distribution of Firm Ownership: An Invariance Result
Ben Ferrett and Ian Wooton
5983: Gender, Ethnic Identity and Work
Amelie Constant , Liliya Gataullina and Klaus F. Zimmermann
5982: Measuring Competitiveness
J. Peter Neary
5981: A Solution to Two Paradoxes of International Capital Flows
Jiandong Ju and Shang-Jin Wei
5980: Beyond Trade Costs: Firms' Endogenous Access to International Markets
Armando Jose Garcia Pires
5979: Losers, Winners and Prisoner's Dilemma in International Subsidy Wars
Armando Jose Garcia Pires
5978: The Optimal Income Taxation of Couples
Henrik Kleven , Claus Thustrup Kreiner and Emmanuel Saez
5977: Industry Concentration and Welfare - On the Use of Stock Market Evidence from Horizontal Mergers
Sven-Olof Fridolfsson and Johan Stennek
5976: Enforcement of Regulation, Informal Labour, Firm Size and Firm Performance
Rita Almeida and Pedro Carneiro
5975: Redistributive Politics with Distortionary Taxation
Benoît SY Crutzen and Nicolas Sahuguet
5974: International Taxation and the Direction and Volume of Cross-Border M&As
Harry P. Huizinga and Johannes Voget
5973: Euros and Zeros: The Common Currency Effect on Trade in New Goods
Richard Baldwin and Virginia Di Nino
5972: Mortality Risks, Education and Child Labour
Jean-Marie Baland and Fernanda Estevan
5971: Claiming More: The Increased Voluminosity of Patent Applications and its Determinants
Dominique Guellec , Bruno van Pottelsberghe de la Potterie and Nicolas van Zeebroeck
5970: When Small is Beautiful: Measuring the Evolution and Consequences of the Voluminosity of Patent Applications at the EPO
Eugenio Archontopoulos , Dominique Guellec , Niels Stevnsborg , Bruno van Pottelsberghe de la Potterie and Nicolas van Zeebroeck
5969: Adjustment to Target Capital, Finance and Growth
Antonio Ciccone and Elias Papaioannou
5968: The Economic Lives of the Poor
Abhijit Banerjee and Esther Duflo
5967: Staying on the Dole
Holger Strulik , Jean-Robert Tyran and Paolo Vanini
5966: Solving for Country Portfolios in Open Economy Macro Models
Michael B. Devereux and Alan Sutherland
5965: A Search-Based Theory of the On-the-Run Phenomenon
Dimitri Vayanos and Pierre-Olivier Weill
5964: Linear-Quadratic Approximation of Optimal Policy Problems
Pierpaolo Benigno and Michael Woodford
5963: Longevity and Lifetime Labour Input: Data and Implications
Moshe Hazan
5962: Monitoring and Pay: An Experiment on Employee under Endogenous Supervision
Dennis Alexis Valin Dittrich and Martin Georg Kocher
5961: Inflation Implications of Rising Government Debt
Chryssi Giannitsarou and Andrew Scott
5960: Hub-and-Spoke Free Trade Areas
George Deltas , Klaus Desmet and Giovanni Facchini
5959: Governance Reform in Legal Service Markets
Paul A Grout , Ian Jewitt and Silvia Sonderegger
5958: Garbled Elections
Patrick W. Schmitz and Thomas Troger
5957: Euro-Dollar Real Exchange Rate Dynamics in an Estimated Two-Country Model: What is Important and What is Not
Pau Rabanal and Vicente Tuesta
5956: New-Keynesian Macroeconomics and the Term Structure
Geert Bekaert , Seonghoon Cho and Antonio Moreno
5955: International Stock Return Comovements
Geert Bekaert , Robert James Hodrick and Xiaoyan Zhang
5954: Entry of Foreign Banks and their Impact on Host Countries
Maria Lehner and Monika Schnitzer
5953: Origins and Consequences of Child Labour Restrictions: A Macroeconomic Perspective
Matthias Doepke and Dirk Krüger (Dirk Krueger )
5952: Taxes and Decision Rights in Multinationals
Soren Bo Nielsen , Pascalis Raimondos-Møller and Guttorm Schjelderup
5951: Stock and Bond Returns with Moody Investors
Geert Bekaert , Eric Engstrom and Steve Grenadier