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CEPR Discussion Papers
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8008: Why the current account may matter in a monetary union: Lessons from the financial crisis in the Euro area
Francesco Giavazzi and Luigi Spaventa
8007: Indian GDP Before 1870: Some Preliminary Estimates and a Comparison with Britain
Stephen Broadberry and Bishnupriya Gupta
8006: The Effects of Foreign Shocks When Interest Rates Are at Zero
Martin Bodenstein , Christopher John Erceg and Luca Guerrieri
8005: The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours
Luca Sala , Ulf Söderström and Antonella Trigari
8004: Empirical Evidence on the Role of Non Linear Wholesale Pricing and Vertical Restraints on Cost Pass-Through
Céline Bonnet , Pierre Dubois and Sofia Villas-Boas
8003: Selective Trials: A Principal-Agent Approach to Randomized Controlled Experiments
Sylvain Chassang , Gerard Padró Miquel and Erik Christopher Snowberg
8002: Spreading the Word: Geography, Policy and University Knowledge Diffusion
Sharon Belenzon and Mark Schankerman
8001: Government Debt Threshold Contracts
Hans Gersbach
8000: Two Monetary Tools: Interest Rates and Haircuts
Adam B. Ashcraft , Nicolae Bogdan Garleanu and Lasse Heje Pedersen
7999: Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education
Dmytro Hryshko , Maria Luengo-Prado and Bent E. Sorensen
7998: Household Inequality, Social Welfare, and Trade
Joseph Francis Francois and Hugo Rojas-Romagosa
7997: Social mobility and redistributive taxation
Kai A. Konrad and Florian Morath
7996: Migration and the Welfare State: Dynamic Political-Economy Theory
Assaf Razin , Efraim Sadka and Benjarong Suwankiri
7995: Economic Conditions and the Quality of Suicide Terrorism
Efraim Benmelech , Claude Berrebi and Esteban F. Klor
7994: Keeping it Simple: Financial Literacy and Rules of Thumb
Alejandro Drexler , Greg Fischer and Antoinette S Schoar
7993: Estimating the Wage Elasticity of Labour Supply to a Firm: What evidence is there for Monopsony?
Alison Lee Booth and Pamela Katic
7992: Competitive equilibrium in Markets for Votes
Alessandra Casella , Aniol Llorente-Saguer and Thomas R Palfrey
7991: Revisiting U. S. productivity Growth over the Past Century with a View of the Future
Robert J Gordon
7990: Solow Residuals without Capital Stocks
Michael Christopher Burda and Battista Severgnini
7989: Should Auctions Be Transparent?
Dirk Bergemann and Johannes Hörner
7988: Targeting in Advertising Markets: Implications for Offline vs. Online Media
Dirk Bergemann and Alessandro Bonatti
7987: Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky
Andrew Kenan Rose
7986: Modelling and Forecasting UK Mortgage Arrears and Possessions
Janine Aron and John Muellbauer
7985: Diversity and the Power of the Elites in Democratic Societies: A model and a test
Oriana Bandiera and Gilat Levy
7984: Payroll Taxes, Social Insurance and Business Cycles
Michael Christopher Burda and Mark Weder
7983: Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA
Timothy James Hatton and Mark Thomas
7982: Improving Human Development: A Long-run View
Leandro Prados de la Escosura
7981: The Distribution of Earnings under Monopsonistic/polistic Competition
Jacques François Thisse and Eric Toulemonde
7980: Technology Shocks: Novel Implications for International Business Cycles
Andrea Raffo
7979: A New Keynesian Open Economy Model for Policy Analysis
Wendy Carlin and David Soskice
7978: Entry and fixed costs in charitable sectors
Kimberley Scharf
7977: The Effect of Tracking Students by Ability into Different Schools: a Natural Experiment
Nina Guyon , Eric Maurin and Sandra McNally
7976: Should a principal hire one agent or two agents to perform two sequential tasks?
Patrick W. Schmitz
7975: Foreign Market Conditions and Export Performance: Does 'Crowdedness' Reduce Exports?
Holger Breinlich and Alessandra Tucci
7974: Great Expectations: Past Wages and Unemployment Durations
René Böheim , Gerard Thomas Horvath and Rudolf Winter-Ebmer
7973: The First Global Recession in Decades
Jean M. Imbs
7972: Global Banking and International Business Cycles
Zeno Enders , Robert Kollmann and Gernot Müller
7971: Novel Indicators of the Trade and Welfare Effects of Agricultural Distortions in OECD Countries
Kym Anderson and Johanna L. Croser
7970: Pandering to Persuade
Yeon-Koo Che , Wouter Dessein and Navin Kartik
7969: Fifty Years of Fiscal Planning and Implementation in the Netherlands
Roel Maria Wilhelmus Jozef Beetsma , Massimo Giuliodori , Mark Walschot and Peter Wierts
7968: Business Cycles around the Globe: A Regime-switching Approach
Sumru Altug and Melike E. Bildirici
7967: Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis
Emine Boz and Enrique G. Mendoza
7965: Does Culture Matter?
Raquel Fernández
7964: Incentives, resources and the organization of the school system
Facundo Albornoz , Samuel Berlinski and Antonio Cabrales
7963: (Inter-state) Banking and (Inter-state) Trade: Does Real Integration Follow Financial Integration?
Tomasz Kamil Michalski and Evren Örs
7962: Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks
Karel Mertens and Morten Overgaard Ravn
7961: Theories of Heterogeneous Firms and Trade
Stephen James Redding
7960: Determinacy in New Keynesian Models: a role for money after all?
A. Patrick L. Minford and Naveen Srinivasan
7959: Electoral Incentives and Economic Policy across Political Regimes
Vincenzo Galasso and Salvatore Nunnari
7958: Creditor Rights and Debt Allocation within Multinationals
Basak Akbel and Monika Schnitzer
7957: Europe’s Great Depression: Coordination Failure after the First World War
Nikolaus Wolf
7956: Trade Crisis? What Trade Crisis?
Kristian Behrens , Gregory Corcos and Giordano Mion
7955: Sovereign Default, Domestic Banks and Financial Institutions
Nicola Gennaioli , Alberto Martin and Stefano Rossi
7954: The Cross-Country Incidence of the Global Crisis
Philip Lane and Gian Maria Milesi-Ferretti
7952: Foreign Currency Loans - Demand or Supply Driven?
Martin Brown , Karolin Kirschenmann and Steven Ongena
7951: Monetary transmission in low income countries
Prachi Mishra , Peter J. Montiel and Antonio Spilimbergo
7950: Hierarchical Growth: Basic and Applied Research
Christian Amon , Hans Gersbach and Gerhard Sorger
7949: Public and Private Learning from Prices, Strategic Substitutability and Complementarity, and Equilibrium Multiplicity
Carolina Manzano and Xavier Vives
7948: Endogenous Spatial Differentiation with Vertical Contracting
Frago Kourandi and Nikolaos Vettas
7947: Monopolistic Competition: Beyond the CES
Sergey Kokovin , Jacques François Thisse and Evgeny Zhelobodko
7946: Terrorism Networks and Trade: Does the Neighbor Hurt?
José de Sousa , Daniel Mirza and Thierry A. Verdier
7945: Income Distribution and Housing Prices: An Assignment Model Approach
Niku Määttänen and Marko Terviö
7944: Central Banks and the Financial System
Francesco Giavazzi and Alberto Giovannini
7943: A Unifying Approach to the Empirical Evaluation of Asset Pricing Models
Francisco Peñaranda and Enrique Sentana
7942: Insurance Search and Switching Behavior
Jonneke Bolhaar , Maarten Lindeboom and Bas van der Klaauw
7941: Quantifying the Distortionary Fiscal Cost of ‘The Bailout’
Francisco Gomes , Alexander Michaelides and Valery Polkovnichenko
7940: How Deep is the Annuity Market Participation Puzzle?
Joachim Inkmann , Paula Lopes and Alexander Michaelides
7939: Non-homothetic preferences, parallel imports and the extensive margin of international trade
Reto Foellmi , Christian Hepenstrick and Josef Zweimüller
7938: Signaling in Tender Offer Games
Mike Burkart and Samuel Lee
7937: Public Funding of Charities and Competitive Charity Selection
Kimberley Scharf
7936: Performance Pay and the Gender Wage Gap: Evidence from Spain
Sara De La Rica , Juan J. Dolado and Raquel Vegas
7935: Short and Long Interest Rate Targets
Bernardino Adao , Isabel Correia and Pedro Teles
7934: Institutional Investors as Minority Shareholders: Do They Matter When Ownership Is Concentrated?
Assaf Hamdani and Yishay Yafeh
7933: The Zero Lower Bound, ECB Interest Rate Policy and the Financial Crisis
Stefan Gerlach and John Lewis
7932: Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data
Sanvi Avouyi-Dovi , Denis Fougere and Erwan Gautier
7931: Fiscal Policy in an Expectations Driven Liquidity Trap
Karel Mertens and Morten Overgaard Ravn
7930: A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier
Ryan Chahrour , Stephanie Schmitt-Grohé and Martín Uribe
7929: Interaction Effects in Econometrics
Hatice Ozer Balli and Bent E. Sorensen
7928: Spillovers in Space: Does Geography Matter?
Sergey Lychagin , Joris Pinkse , Margaret Emily Slade and John Michael van Reenen
7927: Intra-firm Trade and Product Contractibility
Andrew B. Bernard , J. Bradford Jensen , Stephen James Redding and Peter K. Schott
7926: Protection for Free? The Political Economy of U.S. Tariff Suspensions
Rodney D. Ludema , Anna Maria Mayda and Prachi Mishra
7925: Maternal Health and the Baby Boom
Stefania Albanesi and Claudia Olivetti
7924: Carrot and Stick: How Reemployment Bonuses and Benefit Sanctions Affect Job Finding Rates
Bas van der Klaauw and Jan C. van Ours
7923: Product adjustments: A firm-level analysis of the impact of a real exchange rate shock
Andreas Moxnes and Karen Helene Ulltveit-Moe
7922: Productive cities: Sorting, selection and agglomeration
Kristian Behrens , Gilles Duranton and Frédéric Robert-Nicoud
7921: The quality factor in patent systems
Bruno van Pottelsberghe de la Potterie
7920: Self-Fulfilling Risk Panics
Philippe Bacchetta , Cédric Tille and Eric van Wincoop
7919: Employment protection versus flexicurity: on technology adoption in unionised firms
Kjell Erik Lommerud and Odd Rune Straume
7918: Inequality in Vietnamese Urban-Rural Living Standards, 1993-2006
Alison Lee Booth and Huong Thu Le
7917: The Good, the Bad, and the Different: Can Gender Quotas Raise the Quality of Politicians?
Paulo Fernando Júlio and Jose Tavares
7916: Innovation, antidumping, and retaliation
Kaz Miyagiwa , Huasheng Song and Hylke Vandenbussche
7915: Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt, 1815-1913
Marc Flandreau and Juan Huitzilihuitl Flores Zendejas
7914: Optimal Incentive Contracts under Moral Hazard When the Agent is Free to Leave
Florian Englmaier , Gerd Muehlheusser and Andreas Roider
7913: Does Racial and Ethnic Discrimination Vary Across Minority Groups? Evidence From a Field Experiment
Alison Lee Booth , Andrew Keith Leigh and Elena Varganova
7912: Modes of Delivery in Services
Elisabeth M. Christen and Joseph Francis Francois
7911: A Dynamic Model of Housing Demand: Estimation and Policy Implications
Patrick Bajari , Phoebe Chan , Dirk Krueger and Daniel Patrick Miller
7910: Communication in Federal Politics: Universalism, Policy Uniformity, and the Optimal Allocation of Fiscal Authority
Anke S. Kessler
7909: The Spanish Crisis: Background and Policy Challenges
Javier Suarez
7908: The intergenerational transmission of cognitive and non-cognitive abilities
Erik Grönqvist , Björn Öckert and Jonas Vlachos
7907: Getting to the Top of Mind: How Reminders Increase Saving
Dean S. Karlan , Margaret McConnell , Sendhil Mullainathan and Jonathan Zinman