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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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3359: Reputation-Based Pricing and Price Improvements in Dealership Markets Downloads
Gabriel Desgranges and Thierry Foucault
3358: Private versus Public Schools in Post-Apartheid South African Cities: Theory and Policy Implications Downloads
Harris Selod and Yves Zenou
3357: Affirmative Action and Efficiency in Education Downloads
Gianni De Fraja
3356: Economic Development as Self Discovery Downloads
Ricardo Hausmann and Dani Rodrik
3355: A Simple Framework for International Monetary Policy Analysis Downloads
Richard Clarida, Jordi Gali and Mark Gertler
3354: Returns to Education: Evidence from UK Twins Downloads
Dorothe Bonjour, Lynn Cherkas, Jonathan Haskel and Tim Spector
3353: Momentum and Turnover: Evidence from the German Stock Market Downloads
Markus Glaser and Martin Weber
3352: Conditional Political Budget Cycles Downloads
Min Shi and Jakob Svensson
3351: A Note on NNS Models: Introducing Physical Capital; Avoiding Rationing Downloads
Jean-Pierre Danthine and John B Donaldson
3350: Identifying Human Capital Externalities: Theory with an Application to US Cities Downloads
Antonio Ciccone and Giovanni Peri
3349: International Dimensions of Optimal Monetary Policy Downloads
Giancarlo Corsetti and Paolo Pesenti
3348: Decentralizing the Stochastic Growth Model Downloads
Jean-Pierre Danthine and John B Donaldson
3347: Courts and Banks: Effects of Judicial Enforcement on Credit Markets Downloads
Magda Bianco, Tullio Jappelli and Marco Pagano
3346: Monetary Policy and Exchange Rate Volatility in a Small Open Economy Downloads
Jordi Gali and Tommaso Monacelli
3345: Disclosures and Asset Returns Downloads
Hyun Song Shin
3344: Courts: The Lex Mundi project Downloads
Simeon Djankov, Rafael La Porta, Florencio Lopez-de-Silanes and Andrei Shleifer
3343: The Exchange Rate and Purchasing Power Parity: Extending the Theory and Tests Downloads
Prakesh Apte, Piet Sercu and Raman Uppal
3342: 'Be Nice, Unless it Pays to Fight': A New Theory of Price Determination with Implications for Competition Policy Downloads
Jan Boone
3341: Social Networks and Technology Adoption in Northern Mozambique Downloads
Oriana Bandiera and Imran Rasul
3340: Sources of Funds and Investment Activities of Venture Capital Funds: Evidence from Germany, Israel, Japan and the UK Downloads
Colin Mayer, Koen Schoors and Yishay Yafeh
3339: The Complexity of Economic Policy: I. Restricted Local Optima in Tax Policy Design Downloads
Gilles Saint-Paul
3338: What are the Effects of Fiscal Policy Shocks? Downloads
Andrew Mountford and Harald Uhlig
3337: Exchange Rate Monitoring Bands: Theory and Policy Downloads
Luisa Corrado, Marcus Miller and Lei Zhang
3336: Independence before Conservatism: Transparency, Politics and Central Bank Design Downloads
Andrew Hughes Hallett and Diana Weymark
3335: Trapped, Delayed and Handicapped Downloads
Susanna Sällström and Anna Sjögren
3334: The Macroeconomics of Labour and Credit Market Imperfections Downloads
Etienne Wasmer and Philippe Weil
3333: Global versus Local Competition Downloads
Patrick Legros and Konrad Stahl
3332: Uncertainty and Consumer Durables Adjustment Downloads
Giuseppe Bertola, Luigi Guiso and Luigi Pistaferri
3331: Credit Ratings as Coordination Mechanism Downloads
Arnoud Boot and Todd Milbourn
3330: Aggregate Risk, Political Constraints and Social Security Design Downloads
Marcello D'Amato and Vincenzo Galasso
3329: Pricing Credit Derivatives with Rating Transitions Downloads
Viral Acharya, Sanjiv Das and Rangarajan K Sundaram
3328: Corporate Bond Valuation and Hedging with Stochastic Interest Rates and Endogenous Bankruptcy Downloads
Viral Acharya and Jennifer Carpenter
3327: Revisiting Oligopolistic Reaction: Are FDI Decisions Strategic Complements? Downloads
Keith Head, Thierry Mayer and John Ries
3326: International Rent Sharing in Multinational Firms Downloads
John Budd, Jozef Konings and Matthew Slaughter
3325: Multinational Companies and Indigenous Development: An Empirical Analysis Downloads
Holger Görg and Eric Strobl
3324: Spatial Mismatch and Skill Accumulation Downloads
Philippe Monfort and Gianmarco Ottaviano
3323: Firms Agglomeration and Unions Downloads
Pierre Picard and Eric Toulemonde
3322: Neoclassical Growth and Commodity Trade Downloads
Alejandro Cunat and Marco Maffezzoli
3321: Weightless Machines and Costless Knowledge: An Empirical Analysis of Trade and Technology Diffusion Downloads
Giorgio Barba Navaretti and Isidro Soloaga
3320: The Behaviour of Relative Prices in the European Union: A Sectoral Analysis Downloads
Natalie Chen
3319: Enterprise Restructuring in Transition: A Quantitative Survey Downloads
Simeon Djankov and Peter Murrell
3318: The CEEC10's Real Convergence Prospects Downloads
Jaroslava Hlouskova and Martin Wagner
3317: Matching Demand and Supply in a Weightless Economy: Market-Driven Creativity With and Without IPRs Downloads
Danny Quah
3316: One Third of the World's Growth and Inequality Downloads
Danny Quah
3315: Distributional Conflict in Organisations Downloads
Roman Inderst, Holger M Mueller and Karl Wärneryd
3314: IPO Pricing in the dot-com Bubble Downloads
Alexander Ljungqvist and William J Wilhelm
3313: Forecast Pooling for Short Time Series of Macroeconomic Variables Downloads
Massimiliano Marcellino
3312: Instability and Non-Linearity in the EMU Downloads
Massimiliano Marcellino
3311: The Effect of Benefit Sanctions on the Duration of Unemployment Downloads
Rafael Lalive, Jan van Ours and Josef Zweimüller
3310: Some Contagion, Some Interdependence: More Pitfalls in Tests of Financial Contagion Downloads
Giancarlo Corsetti, Marcello Pericoli and Massimo Sbracia
3309: Active Agents, Passive Principals: Does High-Powered CEO Compensation Really Improve Incentives Downloads
James Dow and Clara Raposo
3308: A Pint a Day Raises a Man's Pay; But Smoking Blows that Gain Away Downloads
Jan van Ours
3307: Does Local Financial Development Matter? Downloads
Luigi Guiso, Paola Sapienza and Luigi Zingales
3306: Risk Aversion and Optimal Portfolio Policies in Partial and General Equilibrium Economies Downloads
Leonid Kogan and Raman Uppal
3305: Systemic Risk and International Portfolio Choice Downloads
Sanjiv Das and Raman Uppal
3304: Model Misspecification and Under-Diversification Downloads
Raman Uppal and Tan Wang
3303: On Robust Constitution Design Downloads
Emmanuelle Auriol and Robert Gary-Bobo
3302: A Structural Econometric Model of Price Discrimination in the Mortgage Lending Industry Downloads
Robert Gary-Bobo and Sophie Larribeau
3301: Explaining the Migration of Stocks from Exchanges in Emerging Economies to International Centres Downloads
Stijn Claessens, Daniela Klingebiel and Sergio Schmukler
3300: Structural Change and the Kaldor Facts of Economic Growth Downloads
Reto Foellmi and Josef Zweimüller
3299: Back to Kyoto? US Participation and the Linkage Between R&D and Climate Cooperation Downloads
Barbara Buchner, Carlo Carraro, Igor Cersosimo and Carmen Marchiori
3298: Disentangling Treatment Effects of Polish Active Labour Market Policies: Evidence from Matched Samples Downloads
Jochen Kluve, Hartmut Lehmann and Christoph Schmidt
3297: Will HIPC Matter? The Debt Game and Donor Behaviour in Africa Downloads
Nancy Birdsall, Stijn Claessens and Ishac Diwan
3296: One Money, but Many Fiscal Policies in Europe: What Are the Consequences? Downloads
Harald Uhlig
3295: Financial Development, Property Rights and Growth Downloads
Stijn Claessens and Luc Laeven
3294: Commercial Policy Variability, Bindings and Market Access Downloads
Joseph Francois and Will Martin
3293: Time Based Competition and Innovation Downloads
David Thesmar and Mathias Thoenig
3292: Regulating Insider Trading when Investment Matters Downloads
Luis Medrano and Xavier Vives
3291: Currency Attacks with Multiple Equilibria and Imperfect Information: The Role of Wage-setters Downloads
Gianluca Femminis
3290: Optimal Social Security Design Downloads
David Miles and James Sefton
3289: The Choice of Exchange Rate Regimes: An Empirical Analysis for Transition Economies Downloads
Juergen von Hagen and Jizhong Zhou
3288: The Microstructure of Stock Markets Downloads
Bruno Biais, Larry Glosten and Chester S Spatt
3287: Informational Cascades and Decision to Migrate Downloads
Gil Epstein
3286: National Minimum Wages, Capital Mobility and Global Economic Growth Downloads
Andreas Irmen and Berthold Wigger
3285: Factor Models in Large Cross-Sections of Time Series Downloads
Lucrezia Reichlin
3284: Complementarity in the Innovation Strategy: Internal R&D, External Technology Acquisition and Cooperation Downloads
Bruno Cassiman and Reinhilde Veugelers
3283: G-7 Inflation Forecasts Downloads
Fabio Canova
3282: Should Smart Investors Buy Funds with High Returns in the Past? Downloads
Frederic Palomino and Harald Uhlig
3281: The Out-of-Sample Success of Term Structure Models as Exchange Rate Predictors: A Step Beyond Downloads
Richard Clarida, Lucio Sarno, Mark Taylor and Giorgio Valente
3280: Equity Block Transfers in Transition Economies: Evidence from Poland Downloads
Grzegorz Trojanowski
3279: Monetary Policy Rules in the Open Economy: Effects on Welfare and Business Cycles Downloads
Robert Kollmann
3278: Credibility and Flexibility with Monetary Policy Committees Downloads
Ilian Mihov and Anne Sibert
3277: The Case for Restricting Fiscal Policy Discretion Downloads
Antonio Fatas and Ilian Mihov
3276: Externalities and the Allocation of Decision Rights in the Theory of the Firm Downloads
Helmut Bester
3275: The Intergenerational State: Education and Pensions Downloads
Michele Boldrin and Ana Montes
3274: Perfectly Competitive Innovation Downloads
Michele Boldrin and David Levine
3273: The Case Against Intellectual Property Downloads
Michele Boldrin and David Levine
3272: Contractual Incompleteness and the Nature of Market Interactions Downloads
Martin Brown, Armin Falk and Ernst Fehr
3271: Unforeseen Contingencies Downloads
Nabil . Al-Najjar, Luca Anderlini and Leonardo Felli
3270: Governance and Growth Downloads
Mark Gradstein
3269: Price Discrimination in Oligopoly: Evidence from Swedish Newspapers Downloads
Marcus Asplund, Rickard Eriksson and Niklas Strand
3268: Financial Globalization and Real Regionalization Downloads
Jonathan Heathcote and Fabrizio Perri
3267: Did Sunspot Forces Cause the Great Depression? Downloads
Sharon Harrison and Mark Weder
3266: Do the 'Three-Point Victory' and 'Golden Goal' Rules Make Soccer More Exciting? A Theoretical Analysis of a Simple Game Downloads
Isabelle Brocas and Juan D Carrillo
3265: Factor Based Index Tracking Downloads
Francesco Corielli and Massimiliano Marcellino
3264: Fixed-Term Contracts and the Duration Distribution of Unemployment Downloads
Maia Güell
3263: Start-ups, Venture Capitalists and the Capital Gains Tax Downloads
Christian Keuschnigg and Søren Nielsen
3262: Factor Saving Innovation Downloads
Michele Boldrin and David Levine
3261: Economic Backwardness in Political Perspective Downloads
Daron Acemoglu and James Robinson
3260: Can Labour Regulation Hinder Economic Performance? Evidence from India Downloads
Timothy Besley and Robin Burgess
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