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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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2938: The Importance of Being Small. Or When Countries are Areas and not Points Downloads
Joe Tharakan and Jacques Thisse
2937: Time-Consistent Protection with Learning by Doing Downloads
Eugenio Miravete
2936: Borrower Poaching and Information Display in Credit Markets Downloads
Jan Bouckaert and Hans Degryse
2935: Internal Capital Markets, Cross-Subsidization and Product Market Competition Downloads
Giacinta Cestone and Chiara Fumagalli
2934: Knowledge Spillovers and the Growth of Local Industries Downloads
Mario Forni and Sergio Paba
2933: Last Bank Standing: What Do I Gain if You Fail? Downloads
Enrico Perotti and Javier Suarez
2932: Growing into Trouble: Indonesia After 1966 Downloads
Jonathan Temple
2931: UK Monetary Policy 1972-97: A Guide Using Taylor Rules Downloads
Edward Nelson
2930: The Aging Population and the Size of the Welfare State Downloads
Assaf Razin, Efraim Sadka and Phillip Swagel
2929: Nominal Debt and the Dynamics of Currency Crises Downloads
Giancarlo Corsetti and Bartosz Maćkowiak
2928: Free Trade versus Strategic Trade as a Choice Between Two 'Second-best' Policies: A Symmetric versus Asymmetric Information Analysis Downloads
Delia Ionascu and Kresimir Zigic
2927: Wage Growth, Productivity Growth, and the Evolution of Employment Downloads
Martin Hellwig and Andreas Irmen
2926: Market Integration and Convergence to the Law of One Price: Evidence from the European Car Market Downloads
Pinelopi Goldberg and Frank Verboven
2925: Appropriating the Commons - A Theoretical Explanation Downloads
Armin Falk, Ernst Fehr and Urs Fischbacher
2924: Public Education and the Melting Pot Downloads
Mark Gradstein and Moshe Justman
2923: The Liquidity Trap in an Open Economy Downloads
Willem Buiter
2922: Efficiency Properties of Rational Expectations Equilibria with Asymmetric Information Downloads
Piero Gottardi and Rohit Rahi
2921: Firm Interdependence In Foreign Production: Leading UK Firms in 1986 and 1993 Downloads
Stephen Pavelin
2920: Financing and Corporate Growth under Repeated Moral Hazard Downloads
Ronald W. Anderson and Kjell Nyborg
2919: Price Dispersion and Learning in a Dynamic Differentiated-Goods Duopoly Downloads
R Keller and Sven Rady
2918: On the Fiscal Implications of Twin Crises Downloads
Craig Burnside, Martin Eichenbaum and Sergio Rebelo
2917: Predetermined Prices and the Persistent Effects of Money on Output Downloads
Michael Devereux and James Yetman
2916: Asset Market Linkages in Crisis Periods Downloads
Casper de Vries, Philipp Hartmann and Stefan Straetmans
2915: Screening Cycles Downloads
Thomas Gehrig and Rune Stenbacka
2914: Ex Ante Costs of Violating Absolute Priority in Bankruptcy Downloads
Lucian Bebchuk
2913: Purchasing Power Parity and the Real Exchange Rate Downloads
Lucio Sarno and Mark Taylor
2912: Can Vocational Education Improve the Wages of Minorities and Disadvantaged Groups? The Case of Israel Downloads
Shoshana Neuman and Adrian Ziderman
2911: Information Sharing in Banking: A Collusive Device? Downloads
Thomas Gehrig and Rune Stenbacka
2910: When Does Capital Account Liberalization Help More Than it Hurts? Downloads
Carlos Arteta, Barry Eichengreen and Charles Wyplosz
2909: Risk and Intermediation in a Dual Financial Market Model Downloads
Gaetano Bloise and Pietro Reichlin
2908: Buyers' Coordination and Entry Downloads
Chiara Fumagalli and Massimo Motta
2907: Foreign Direct Investment, Agglomerations and Demonstration Effects: An Empirical Investigation Downloads
Frank Barry, Holger Görg and Eric Strobl
2906: Credit, the Stock Market and Oil: Forecasting US GDP Downloads
John Muellbauer and Luca Nunziata
2905: The Survival of the Welfare State Downloads
John Hassler, Sevi Rodríguez Mora, Kjetil Storesletten and Fabrizio Zilibotti
2904: The Adoption of Labour Standards Conventions: Who, When and Why? Downloads
Nancy Chau and Ravi Kanbur
2903: Dissimilation? The Educational Attainment of Second Generation Immigrants Downloads
Regina Riphahn
2902: How Does Imperfect Competition in the Labour Market Affect Unemployment Policies? Downloads
Xavier Wauthy and Yves Zenou
2901: Dollarization, Bailouts and the Stability of the Banking System Downloads
Douglas Gale and Xavier Vives
2900: International Risk-Sharing and the Exchange Rate: Re-evaluating the Case for Flexible Exchange Rates Downloads
Michael Devereux
2899: Incentives in Dynamic Duopoly Downloads
Byoung Jun and Xavier Vives
2898: Ownership and Control of German Corporations Downloads
Julian R Franks and Colin Mayer
2897: Education, Distributive Justice and Adverse Selection Downloads
Marc Fleurbaey, Robert Gary-Bobo and Denis Maguain
2896: Economies of Scale in European Manufacturing Revisited Downloads
Espen Henriksen, Frode Steen and Karen Helene Ulltveit-Moe
2895: Mass Privatisation and Partial State Ownership of Firms in Transition Economics Downloads
John Bennett, Saul Estrin and James Maw
2894: Transport Cost Decline and Regional Inequalities: Evidence from France Downloads
Pierre-Philippe Combes and Miren Lafourcade
2893: Speculation and the Decision to Abandon a Fixed Exchange Rate Regime Downloads
Ivan Pastine
2892: Corporate Finance and the Monetary Transmission Mechanism Downloads
Patrick Bolton and Xavier Freixas
2891: Does a Currency Union Affect Trade? The Time Series Evidence Downloads
Reuven Glick and Andrew Rose
2890: Science versus Profit in Research: Lessons from the Human Genome Project Downloads
Carlo Carraro, Alessandra Pomè and Domenico Siniscalco
2889: Limit Order Book as a Market for Liquidity Downloads
Thierry Foucault, Ohad Kadan and Eugene Kandel
2888: Competition, Corporate Governance: Substitutes or Complements? Evidence from the Warsaw Stock Exchange Downloads
Irena Grosfeld and Thierry Tressel
2887: Fifty Years of Regional Inequality in China: A Journey through Revolution, Reform and Openness Downloads
Ravi Kanbur and Xiaobo Zhang
2886: Foreign Exchange Intervention, Policy Objectives and Macroeconomic Stability Downloads
Paolo Vitale
2885: Chicken and Egg: Competing Matchmakers Downloads
Bernard Caillaud and Bruno Jullien
2884: Drawing Lessons From the Boom of Temporary Jobs in Spain Downloads
Juan Dolado, Carlos Garcia-Serrano and Juan F Jimeno
2883: Competing with Network Externalities and Price Discrimination Downloads
Bruno Jullien
2882: Robustness of Adaptive Expectations as an Equilibrium Selection Device Downloads
Martin Lettau and Timothy Van Zandt
2881: How to Sell a (Bankrupt) Company? Downloads
Francesca Cornelli and Leonardo Felli
2880: Why do Firms Train? Empirical Evidence on the First Labour Market Outcomes of Graduate Apprentices Downloads
Rob Euwals and Rainer Winkelmann
2879: The Union Membership Wage Premium Puzzle: Is There A Free-Rider Problem? Downloads
Alison Booth and Mark Bryan
2878: Price Discovery Across the Rhine Downloads
Bruno Biais and Isabelle Martinez
2877: Inequality and Happiness: Are Europeans and Americans Different? Downloads
Alberto F Alesina, Rafael Di Tella and Robert MacCulloch
2876: Income Inequality in France 1901-98 Downloads
Thomas Piketty
2875: Growth Effects of Education and Social Capital in the OECD Countries Downloads
Jonathan Temple
2874: Exchange Rates and Monetary Policy in Emerging Market Economies Downloads
Michael Devereux and Philip Lane
2873: Long-Term Capital Movements Downloads
Philip Lane and Gian Maria Milesi-Ferretti
2872: Political Institutions and Policy Outcomes: What are the Stylized Facts? Downloads
Torsten Persson and Guido Tabellini
2871: On 'Indirect' Trade-Related R&D Spillovers Downloads
Olivier Lumenga-Neso, Marcelo Olarreaga and Maurice Schiff
2870: Mode of Foreign Entry, Technology Transfer, and FDI Policy Downloads
Aaditya Mattoo, Marcelo Olarreaga and Kamal Saggi
2869: Real Exchange Rate Dynamics in Transition Economies Downloads
Fabrizio Coricelli and Bostjan Jazbec
2868: Foreign Direct Investment and Efficiency Benefits: A Conditional Quantile Analysis Downloads
Sophia Dimelis and Helen Louri
2867: Consumption Externalities, Coordination and Advertising Downloads
Ivan Pastine and Tuvana Pastine
2866: Emerging Market Debt: Measuring Credit Quality and Examining Relative Pricing Downloads
Robert Cumby and Tuvana Pastine
2865: Globalization and Inequality: Historical Trends Downloads
Kevin O'Rourke
2864: Bilateral Oligopoly Downloads
Jonas Björnerstedt and Johan Stennek
2863: Bookbuilding: How Informative is the Order Book? Downloads
Francesca Cornelli and David Goldreich
2862: High Public Debt in Currency Crises: Fundamentals versus Signalling Effects Downloads
Pierpaolo Benigno and Alessandro Missale
2861: Structural Change and Europe's Golden Age Downloads
Jonathan Temple
2860: Advertising and the Evolution of Market Structure in the US Car Industry Downloads
Paul Geroski and Mariana Mazzucato
2859: Economic and Legal Aspects of the Most Favoured Nation Clause Downloads
Henrik Horn and Petros C Mavroidis
2858: On Adjusting the HP-Filter for the Frequency of Observations Downloads
Morten Ravn and Harald Uhlig
2857: Issue Unbundling via Citizens' initiatives Downloads
Timothy Besley and Stephen Coate
2856: Global Implications of Self-Orientated National Monetary Rules Downloads
Maurice Obstfeld and Kenneth Rogoff
2855: IPO Allocations: Discriminatory or Discretionary? Downloads
Alexander Ljungqvist and William J Wilhelm
2854: Price Stability with Imperfect Financial Integration Downloads
Pierpaolo Benigno
2853: Mark-ups, Entry Regulation and Trade: Does Country Size Matter? Downloads
Bernard Hoekman, Hiau Looi Kee and Marcelo Olarreaga
2852: Economic Growth in Greece: Past Performance and Future Prospects Downloads
Barry Bosworth and Tryphon Kollintzas
2851: Structural Distortions and Decentralized Fiscal Policies in EMU Downloads
Roel Beetsma and Lans Bovenberg
2850: Price Wars in Finite Sequential Move Price Competition Downloads
Klaus Wallner
2849: Does Macroeconomics Help Us To Understand the Term Structure of Interest Rates? Downloads
Carlo Favero
2848: The Real Interest rate Gap as an Inflation Indicator Downloads
Katharine Neiss and Edward Nelson
2847: Elections with Contribution-Maximizing Candidates Downloads
Mark Gradstein
2846: Are Non-Fundamental Equilibria Learnable in Models of Monetary Policy? Downloads
Seppo Honkapohja and Kaushik Mitra
2845: Is Wage Compression a Necessary Condition for Firm-Financed General Training? Downloads
Alison Booth and Gylfi Zoega
2844: Disentangling the Minimum Wage Puzzle: An Analysis of Job Accessions and Separations from a Longitudinal Matched Employer-Employee Data Set Downloads
Ana Rute Cardoso and Pedro Portugal
2843: Empirical Analysis of Limit Order Markets Downloads
Burton Hollifield, Robert Miller and Patrik Sandås
2842: The International Lender of Last Resort: How Large is Large Enough? Downloads
Olivier Jeanne and Charles Wyplosz
2841: Is Inflation Always and Everywhere a Monetary Phenomenon? Downloads
Paul De Grauwe and Magdalena Polan
2840: Competition and Enterprise Performance in Transition Economies: Evidence from a Cross-country Survey Downloads
Wendy Carlin, Steven Fries, Mark Schaffer and Paul Seabright
2839: Hierarchy Size and Environmental Uncertainty Downloads
Kieron Meagher, Hakan Orbay and Timothy Van Zandt
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