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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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2286: Output Fluctuations and Fiscal Policy: US State and Local Governments 1978-1994 Downloads
Bent E. Sorensen and Oved Yosha
2285: Limited Macroeconomic Convergence in Transition Countries Downloads
Evžen Kočenda
2284: Licensing the Market for Technology Downloads
Ashish Arora and Andrea Fosfuri
2283: Foreign Direct Investment and Spillovers through Backward Linkages Downloads
Niko Matouschek
2282: Financial Integration and Asset Returns Downloads
Philippe Martin and Helene Rey
2281: Teamwork Management in an Era of Diminishing Commitment Downloads
Emmanuelle Auriol, Guido Friebel and Lambros Pechlivanos
2280: Incomplete Contracts and Industrial Organization Downloads
Gene Grossman and Elhanan Helpman
2279: Innovation, Demand and Knowledge Spillovers: Theory and Evidence From European Regions Downloads
Laura Bottazzi
2278: Democratization or Repression? Downloads
Daron Acemoglu and James Alan Robinson
2277: A Theory of Political Transitions Downloads
Daron Acemoglu and James Alan Robinson
2276: Law and Equity Markets: A Simple Model Downloads
Davide Lombardo and Marco Pagano
2275: Legal Determinants of the Return on Equity Downloads
Davide Lombardo and Marco Pagano
2274: Delegation and the Ratchet Effect: Should Regulators Be Pro-Industry? Downloads
David Currie, Paul Leslie Levine and Neil Rickman
2273: The New Federalism: Distributional Conflict, Voluntarism and Segregation Downloads
Ignatius J. Horstmann and Kimberley Scharf
2272: Monopolistic Competition, Dynamic Inefficiency and Asset Bubbles Downloads
Gianluca Femminis
2271: The Taylor Rule and Interest Rates in the EMU Area Downloads
Stefan Gerlach and Gert Schnabel
2270: Procurement Favouritism and Technology Adoption Downloads
Fernando Branco
2269: Competitive Insurance Markets Under Adverse Selection and Capacity Constraints Downloads
Roman Inderst and Achim Wambach
2268: The Duration of Unemployment in Russia Downloads
Louise Anne Grogan and Gerard J. van den Berg
2267: Co-Fluctuations Downloads
Jean M. Imbs
2266: Re-Employment Probabilities and Returns to Matching Downloads
Barbara Petrongolo
2265: Imperfect Market Monitoring and SOES Trading Downloads
Thierry Foucault, Ailsa A Röell and Patrik Sandås
2264: On The Optimality of Risk-Sharing in Growth Models: The Role of Education Downloads
Gianluca Femminis
2263: A Comparative Look at Labour Mobility in the Czech Republic: Where Have All the Workers Gone? Downloads
Vit Sorm and Katherine Terrell
2262: Trade, Wages, and Superstars Downloads
Paolo Manasse and Alessandro Turrini
2261: Gross Job Flows and Firm Growth in Transition Countries: Evidence Using Firm Level Data on Five Countries Downloads
Giulia Faggio and Jozef Konings
2260: Unionisation and Foreign Direct Investment Downloads
Dermot Leahy and Catia Montagna
2259: Government Size and Automatic Stabilizers: International and Intranational Evidence Downloads
Antonio Fatas and Ilian Mihov
2258: Barter in Russia: Liquidity Shortage Versus Lack of Restructuring Downloads
Sophie Brana and Mathilde Maurel
2257: Objectivity, Proximity and Adaptability in Corporate Governance Downloads
Arnoud Boot and Jonathon Macey
2256: Diversity and Specialization in Cities: Why, Where and When Does It Matter? Downloads
Gilles Duranton and Diego Puga
2255: Unemployment Clusters Across European Regions and Countries Downloads
Henry G. Overman and Diego Puga
2254: Ten Years of Transformation: Macroeconomic Lessons Downloads
Charles Wyplosz
2253: Financial Restraints and Liberalization in Postwar Europe Downloads
Charles Wyplosz
2252: Towards A More Perfect EMU Downloads
Charles Wyplosz
2251: Insider Trading, Investment and Liquidity Downloads
Sudipto Bhattacharya and Giovanna Nicodano
2250: Fiscal Policy, Profits and Investment Downloads
Alberto F Alesina, Silvia Ardagna, Roberto Perotti and Fabio Schiantarelli
2249: Does More Intense Competition Lead to Higher Growth? Downloads
Mark Dutz and Aydin Hayri
2248: Moving the Escudo into the Euro Downloads
Jorge A. Braga de Macedo, Luis C. Nunes and Francisco Covas
2247: A U-Shaped Europe? A Simulation Study of Industrial Location Downloads
Rikard Forslid, Jan . Haaland and Karen Helene Ulltveit-Moe
2246: Inflation Dynamics: A Structural Economic Analysis Downloads
Jordi Gali and Mark L. Gertler
2245: Disorganization and Financial Collapse Downloads
Dalia Marin and Monika Schnitzer
2244: Public Training and Outflows from Unemployment: An Augmented Matching Function Approach on Polish Regional Data Downloads
Patrick A. Puhani
2243: Privatization, Political Risk and Stock Market Development Downloads
Enrico Perotti and Pieter van Oijen
2242: The European Business Cycle Downloads
Michael John Artis, Hans-Martin Krolzig and Juan Toro
2241: On the Real Effects of Monetary Policy: A Central Banker's View Downloads
Javier Vallés Liberal and José Viñals
2240: Imperfect Labour Contracts and International Trade Downloads
Gene Grossman
2239: Breaking Down Married Female Non-Employment in France Downloads
Guy Laroque and Bernard Salanié
2238: Optimal Bail-Out, Conditionality and Creative Ambiguity Downloads
Xavier Freixas
2237: On Rush and Procrastination Downloads
Isabelle Brocas and Juan D Carrillo
2236: Labour Markets and Monetary Union: A Strategic Analysis Downloads
Alex Cukierman and Francesco Lippi
2235: Political Economics and Public Finance Downloads
Torsten Persson and Guido Tabellini
2234: Complementarity, Growth and Trade Downloads
Seppo Mikko Sakari Honkapohja and Arja Turunen-Red
2233: Finance, Investment and Growth Downloads
Wendy Carlin and Colin Mayer
2232: Financial Super-Markets: Size Matters for Asset Trade Downloads
Philippe Martin and Helene Rey
2231: The External Wealth of Nations: Measures of Foreign Assets and Liabilities for Industrial and Developing Countries Downloads
Philip Lane and Gian Maria Milesi-Ferretti
2230: How Do UK-Based Foreign Exchange Dealers Think Their Market Operates? Downloads
Yin-Wong Cheung, Menzie Chinn and Ian W Marsh
2229: The Credit Squeeze During Russia's Early Transition: A Bank-Based View Downloads
Koen Schoors
2228: Composition of Foreign Direct Investment and Protection of Intellectual Property Rights in Transition Economies Downloads
Beata Smarzynska Javorcik
2227: Restructuring as a Signal: A Simple Formalization Downloads
Emilio Colombo
2226: International Trade and Currency Exchange Downloads
Helene Rey
2225: The Determinants of Cross-Border Equity Flows Downloads
Richard Portes and Helene Rey
2224: Dynamism and Inertia on the Russian Labour Market: A Model of Segmentation Downloads
Irena Grosfeld, Stanislav Kolenikov, Elena Paltseva, Claudia Sénik-Leygonie and Thierry A. Verdier
2223: Consumption, Aggregate Wealth and Expected Stock Returns Downloads
Martin Lettau and Sydney C. Ludvigson
2222: Competition for Listings Downloads
Thierry Foucault and Christine A Parlour
2221: Anonymous Banking and Financial Repression: How Does China's Reform Limit Government Predation without Reducing Its Revenue? Downloads
Chong-En Bai, David Daokui Li, Yingyi Qian and Yijiang Wang
2220: Tax Competition and Economic Geography Downloads
Fredrik Andersson and Rikard Forslid
2219: An Independent Central Bank Faced With Elected Governments Downloads
Maria Demertzis and Andrew J Hughes Hallett
2218: Strategic Monetary Policy with Non-Atomistic Wage Setters: A Case for Non-Neutrality Downloads
Francesco Lippi
2217: European Labour Markets and the Euro: How Much Flexibility Do We Really Need? Downloads
Michael Christopher Burda
2216: Unemployment and Labour Market Reform: A Contract Theoretic Approach Downloads
Hans Peter Grüner
2215: Nominal Contracts and Monetary Targets Downloads
A. Patrick L. Minford, Eric Nowell and Bruce David Webb
2214: The Competition Between Competition Rules Downloads
Hans-Werner Sinn
2213: Entry Mistakes, Entrepreneurial Boldness and Optimism Downloads
Isabelle Brocas and Juan D Carrillo
2212: Normative Aspects of Fiscal Policy in an Economic Union: a Review Downloads
Tryphon Kollintzas, Apostolis Philippopoulos and Vanghelis Vassilatos
2211: What Determines Firm Size? Downloads
Krishna Kumar, Raghuram G. Rajan and Luigi Zingales
2210: Currency Spillovers and Tri-Polarity: A Simultaneous Model of the US Dollar, German Mark and Japanese Yen Downloads
Ronald MacDonald and Ian W Marsh
2209: On the Age at Marriage: Theory and Evidence from Jews and Moslems in Israel Downloads
Leif Danziger and Shoshana Neuman
2208: Comparison of Bootstrap Confidence Intervals for Impulse Responses of German Monetary Systems Downloads
Alexander Benkwitz, Helmut Lütkepohl and Juergen Wolters
2207: Flexible Integration as an Efficient Decision-Making Rule Downloads
Mika Tapani Widgrén
2206: Fiscal Forecasting: the Track Record of the IMF, OECD, and EC Downloads
Michael John Artis and Massimiliano Marcellino
2205: The Fallacy of the Fiscal Theory of the Price Level Downloads
Willem Hendrik Buiter
2204: Red Barons or Robber Barons? Governance and Financing in Russian FIG Downloads
Stanislav Gelfer and Enrico Perotti
2203: Liquidity Traps: How to Avoid Them and How to Escape Them Downloads
Willem Hendrik Buiter and Nikolaos Panigirtzoglou
2202: Positive Arithmetic of the Welfare State Downloads
J. Ignacio Conde-Ruiz and Vincenzo Galasso
2201: Testing for Convergence Clubs in Income per-capita: A Predictive Density Approach Downloads
Fabio Canova
2200: Training, Rent-Sharing and Unions Downloads
Alison Lee Booth, Marco Francesconi and Gylfi Zoega
2199: Capital, Wages and Growth: Theory and Evidence Downloads
Douglas Almond, Antonio Ciccone and Giovanni Peri
2198: Does the P* Model Provide Any Rationale for Monetary Targeting? Downloads
Lars E. O. Svensson
2197: Monetary Policy Issues for the Eurosystem Downloads
Lars E. O. Svensson
2196: Price Stability as a Target for Monetary Policy: Defining and Maintaining Price Stability Downloads
Lars E. O. Svensson
2195: The Equilibrium Degree of Transparency and Control in Monetary Policy Downloads
Jon Faust and Lars E. O. Svensson
2194: Foreign Direct Investment and Spillovers through Workers' Mobility Downloads
Andrea Fosfuri, Massimo Motta and Thomas Rønde
2193: An Empirical Study of the Cyclical Effects of Monetary Policy in Spain (1977-1997) Downloads
Juan J. Dolado and Ramón Maria-Dolores
2192: On the Role of Conflicting National Interests in the ECB Council Downloads
Hans Peter Grüner
2191: How Regions Converge Downloads
Francesco Caselli and Wilbur John Coleman
2190: To Merge or Not To Merge: That is the Question Downloads
Luis C. Corchon and Ramon Faulí-Oller
2189: Renegotiation Before Contract Execution Downloads
Achim Wambach
2188: Competing for Capital in a 'Lumpy' World Downloads
Hans Jarle Kind, Guttorm Schjelderup and Karen Helene Ulltveit-Moe
2187: Why Does the 'Law of One Price' Fail? A Case Study Downloads
Jonathan E. Haskel and Holger C Wolf
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