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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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3239: On the Consequences of the US Withdrawal from the Kyoto/Bonn Protocol Downloads
Barbara Buchner, Carlo Carraro and Igor Cersosimo
3238: Fiscal Policy: Institutions versus Rules Downloads
Charles Wyplosz
3237: Market Entry and Roll-out With Product Differentiation Downloads
Paul Levine, Neil Rickman and Dionisia Tzavara
3236: Using Stationarity Tests in Antitrust Market Definition Downloads
Mario Forni
3235: Culture, Politics and Innovation: Evidence from the Creameries Downloads
Kevin O'Rourke
3234: Family Firms Downloads
Mike Burkart, Fausto Panunzi and Andrei Shleifer
3233: Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All? Downloads
Jean Rochet and Xavier Vives
3232: Fiscal Stabilization Policy in a Monetary Union with Inflation Targeting Downloads
Torben M Andersen
3231: The Political Economy of Finance Downloads
Marco Pagano and Paolo Volpin
3230: Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities Downloads
Rui Coimbra, Teresa Lloyd-Braga and Leonor Modesto
3229: Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy Downloads
Paolo Volpin
3228: Traders, Courts and the Home Bias Puzzle Downloads
Alessandro Turrini and Tanguy van Ypersele
3227: Explaining Leakage of Public Funds Downloads
Ritva Reinikka and Jakob Svensson
3226: Implementing Monetary Cooperation Through Inflation Targeting Downloads
Gianluca Benigno and Pierpaolo Benigno
3225: The Dynamic Relationship Between the Federal Funds rate and the Treasury Bill Rate: An Empirical Investigation Downloads
Lucio Sarno and Daniel Thornton
3224: Does Market Liberalization Jeopardize Export Quality? Cameroonian Cocoa, 1995-2000 Downloads
Christopher L Gilbert and Eric Tollens
3223: The Cost of Heterogeneity in a Monetary Union Downloads
Andrew Hughes Hallett and Diana Weymark
3222: The Perception of Foreigners and Jews in Germany - A Structural Analysis of a Large Opinion Survey Downloads
Michael Fertig and Christoph Schmidt
3221: The Use of Flow Analysis in Foreign Exchange: Explanatory Analysis Downloads
Thomas Gehrig and Lukas Menkhoff
3220: Self-Validating Optimum Currency Areas Downloads
Giancarlo Corsetti and Paolo Pesenti
3219: An African Success Story: Botswana Downloads
Daron Acemoglu, Simon Johnson and James Robinson
3218: What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment? Downloads
Stepan Jurajda and Katherine Terrell
3217: Perceived Income, Promotion and Incentives Effects Downloads
Gil Epstein and Melanie Ward-Warmedinger
3216: Information and the Optimal Ownership Structure of Firms Downloads
Niko Matouschek
3215: How (Not) to Run Auctions: The European 3G Telecom Auctions Downloads
Paul Klemperer
3214: The Biggest Auction Ever: The Sale of the British 3G Telecom Licences Downloads
Kenneth Binmore and Paul Klemperer
3213: Technology and Economic Performance in the American Economy Downloads
Robert Gordon
3212: Markups, Gaps and the Welfare Costs of Business Fluctuations Downloads
Jordi Gali, Mark Gertler and David Lopez-Salido
3211: Technology Shocks and Monetary Policy: Assessing the Fed's Performance Downloads
Jordi Gali, David Lopez-Salido and Javier Vallés Liberal
3210: New Perspectives on Monetary Policy, Inflation and the Business Cycle Downloads
Jordi Gali
3209: How do Firms Redline Workers? Downloads
Yves Zenou
3208: Spatial Agglomeration Dynamics Downloads
Danny Quah
3207: Technology Dissemination and Economic Growth: Some Lessons for the New Economy Downloads
Danny Quah
3206: Are Endowments Fate? Downloads
Jeffrey B Nugent and James Robinson
3205: The Political Economy of Clientelism Downloads
James Robinson and Thierry Verdier
3204: Land Reform and the Political Organization of Agriculture Downloads
Jonathan Conning and James Robinson
3203: Venture Capital Contracts and Market Structure Downloads
Roman Inderst and Holger M Mueller
3202: Wage Premia and Skill Upgrading in Italy: Why Didn't the Hound Bark? Downloads
Paolo Manasse, Luca Stanca and Alessandro Turrini
3201: Participation Behaviour of East German Women After German Unification Downloads
Holger Bonin and Rob Euwals
3200: Price Regulation, Investment and the Commitment Problem Downloads
Paul Levine and Neil Rickman
3199: Cross Country Evidence on the Returns to Education: Patterns and Explanations Downloads
Kevin Denny, Colm Harmon and Reamonn Lydon
3198: Sorting and Private Education in Italy Downloads
Giuseppe Bertola and Daniele Checchi
3197: From Severance Pay to Self-Insurance: Effects of Severance Payments Savings Accounts in Colombia Downloads
Adriana Kugler
3196: Protective or Counter-Productive? European Labour Market Institutions and the Effect of Immigrants on EU Natives Downloads
Joshua Angrist and Adriana Kugler
3195: Psychological Traits and Trading Strategies Downloads
Bruno Biais, Denis Hilton and Sébastien Pouget
3194: How Much Should Central Banks Talk? A New Argument Downloads
Hans Peter Grüner
3193: The Determinants of Privatized Enterprise Performance in Russia Downloads
Manuela Angelucci, Alan Bevan, Saul Estrin, Julian A Fennema, Boris Kuznetsov, Giovanni Mangiarotti and Mark Schaffer
3192: Stochastic Capital Depreciation and the Comovement of Hours and Productivity Downloads
Robert Dittmar, Michael Dueker and Andreas Fischer
3191: Monetary Policy in an Open Economy: The Differential Impact on Exporting and Non-Exporting Firms Downloads
Hedva Ber, Asher Blass and Oved Yosha
3190: If You're so Smart, Why Aren't You Rich? Wage Inequality with Heterogenous Workers? Downloads
Alison Booth and Gylfi Zoega
3189: Introductory Offers in a Model of Strategic Competition Downloads
Thomas Gehrig and Rune Stenbacka
3188: How Transparent are Central Banks? Downloads
Sylvester Eijffinger and Petra Geraats
3187: Interpreting the Term Structure of Interbank Rates in Hong Kong Downloads
Stefan Gerlach
3186: Higher Education Levels, Firm's Outside Options and the Wage Structure Downloads
Åsa Rosén and Etienne Wasmer
3185: Psychological Foundations of Incentives Downloads
Armin Falk and Ernst Fehr
3184: Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries Downloads
Willem Buiter and Clemens Grafe
3183: Economic Reform in Europe: Integrating and Liberalizing the Market for Services Downloads
David M Newbery
3182: Anti-Competitive Financial Contracting: The Design of Financial Claims Downloads
Giacinta Cestone and Lucy White
3181: Evaluating Style Analysis Downloads
Frans de Roon, Theo Nijman and Jenke ter Horst
3180: Platform Divergence, Political Efficiency and the Median Voter Theorem Downloads
Juan D Carrillo and Micael Castanheira
3179: Low Returns in R&D Due to Lack of Entrepreneurial Skills Downloads
Claudio Michelacci
3178: Why Are Rates of Inflation So Low After large Devaluations Downloads
Ariel Burstein, Martin Eichenbaum and Sergio Rebelo
3177: Private Benefits of Control: An International Comparison Downloads
Isaac Dyck and Luigi Zingales
3176: Estimating Urban Road Congestion Charges Downloads
David M Newbery and Georgina Santos
3175: Discrimination and Nepotism: The Efficiency of the Anonymity Rule Downloads
Chaim Fershtman, Uri Gneezy and Frank Verboven
3174: Endogenous Lobbying Downloads
Leonardo Felli and Antonio Merlo
3173: Stock Market Quality in the Prescence of a Traded Option Downloads
Cyriel de Jong, Kees Koedijk and Charles Schnitzlein
3172: Increased Correlation in Bear markets: A Downside Risk Perspective Downloads
Rachel Campbell, Kees Koedijk and Paul Kofman
3171: China, GMOs and World Trade in Agricultural and Textile Products Downloads
Kym Anderson and Shunli Yao
3170: How Can South Asia and Sub-Saharan Africa Gain from the Next WTO Round Downloads
Kym Anderson and Shunli Yao
3169: Globalization of the Worlds Wine Markets Downloads
Kym Anderson, David Norman and Glyn Wittwer
3168: What Do State-Owned Firms Maximize? Evidence from the Italian Banks Downloads
Paola Sapienza
3167: Who Must Pay Bribes and How Much? Downloads
Jakob Svensson
3166: Investment Liberalization - Who Benefits from Cross Border Mergers Downloads
Pehr-Johan Norbäck and Lars Persson
3165: Outsourcing in a Global Economy Downloads
Gene Grossman and Elhanan Helpman
3164: An Empirical Investigation of Gaming Responses to Explicit Performance Incentives Downloads
Pascal Courty and Gerald Marschke
3163: The Incentives for Takeover in Oligopoly Downloads
Roman Inderst and Christian Wey
3162: Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry Downloads
Pedro Luis Marín Uribe and Georges Siotis
3161: Hedonic House Prices Without Characteristics: The Case of New Multiunit Housing Downloads
Olympia Bover and Pilar Velilla Lucini
3160: Dealer Pricing of Consumer Credit Downloads
Giuseppe Bertola, Stefan Hochguertel and Winfried Koeniger
3159: Fixing Swiss Potholes: The Importance of Improvements Downloads
Michael Dueker and Andreas Fischer
3158: Immigration and Heterogeneous Labour in Western Germany: A Labour Market Classification Based on Nonparametric Estimation Downloads
Markus Fröhlich and Patrick Puhani
3157: One Reason Countries Pay Their Debts: Renegotiation and International Trade Downloads
Andrew Rose
3156: Giving Up the Swiss Franc: Some Consideration on Seigniorage Flows Under EMU Downloads
Andreas Fischer, Thomas J. Jordan and Caeser P Lack
3155: Preferences for Redistribution in the Land of Opportunities Downloads
Alberto F Alesina and Eliana La Ferrara
3154: Business Cycles With Heterogenous Agents Downloads
Roger Farmer
3153: External Wealth, the Trade Balance and the Real Exchange Rate Downloads
Philip Lane and Gian Maria Milesi-Ferretti
3152: Multinational Investment, Industry Risk and Policy Competition Downloads
Jan . Haaland and Ian Wooton
3151: Multinational Knowledge Spillovers with Centralized versus Decentralized R&D: A Game Theoretic Approach Downloads
Francesca Sanna-Randaccio and Reinhilde Veugelers
3150: Some Evolutionary Foundations for Price Level Rigidity Downloads
Gilles Saint-Paul
3149: Self Control in Peer Groups Downloads
Marco Battaglini, Roland Benabou and Jean Tirole
3148: Macroeconomic Sources of FOREX Risk Downloads
Peter Smith and Michael Wickens
3147: Reciprocity and the Political Economy of Harmonization and Mutual Recognition of Regulatory Measures Downloads
Akiko Suwa Eisenmann and Thierry Verdier
3146: Do Financial Variables Help Forecasting Inflation and Real Activity in the Euro Area? Downloads
Mario Forni, Marc Hallin, Marco Lippi and Lucrezia Reichlin
3145: An Evaluation of International Asset Pricing Models Downloads
Magnus Dahlquist and Torbjorn Sallstrom
3144: Macroeconomic Influences on Optimal Asset Allocation Downloads
Thomas Flavin and Michael Wickens
3143: Willpower and Personal Rules Downloads
Roland Benabou and Jean Tirole
3142: The Solow Productivity Paradox in Historical Perspective Downloads
Nicholas Crafts
3141: Land Distribution, Incentives and the Choice of Production Techniques in Nicaragua Downloads
Oriana Bandiera
3140: Optimal Defaults for Corporate Law Evolution Downloads
Lucian Bebchuk and Assaf Hamdani
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