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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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3954: The Manufacturer's Suggested Retail Price Downloads
Stephanie Rosenkranz
3953: Informative Advertising and Product Differentiation Downloads
Charalambos Christou and Nikolaos Vettas
3952: Foreign Ownership and Corporate Income Taxation: An Empirical Evaluation Downloads
Harry Huizinga and Gaëtan Nicodème
3951: R&D Cooperation Between Firms and Universities: Some Empirical Evidence from Belgian Manufacturing Downloads
Bruno Cassiman and Reinhilde Veugelers
3950: Aging Population and Education Finance Downloads
Mark Gradstein and Michael Kaganovich
3949: Recursive Preferences and Balanced Growth Downloads
Roger Farmer and Amartya Lahiri
3948: Careerist Judges Downloads
Gilat Levy
3947: It Takes Two: An Explanation of the Democratic Peace Downloads
Gilat Levy and Ronny Razin
3946: Does 'Non-Committed' Government Always Generate Lower Social Welfare then its 'Committed' Counter-Part Downloads
Kresimir Zigic
3945: Bureaucracy as a Mechanism to Generate Information Downloads
Walter Novaes and Luigi Zingales
3944: Accession to the WTO and EU Enlargement: What Potential for Trade Increase? Downloads
Oxana Koukhartchouk and Mathilde Maurel
3943: Efficient Pricing of Large Value Interbank Payment Systems Downloads
Cornelia Holthausen and Jean Rochet
3942: Foreclosure with Incomplete Information Downloads
Lucy White
3941: Overconfidence and Trading Volume Downloads
Markus Glaser and Martin Weber
3940: A Product Market Theory of Worker Training Downloads
Hans Gersbach and Armin Schmutzler
3939: Government Finance in the Wake of Currency Crises Downloads
Craig Burnside, Martin Eichenbaum and Sergio Rebelo
3938: Understanding the Opportunistic Approach to Disinflation Downloads
A. Patrick Minford and Naveen Srinivasan
3937: Francs or Ranks? Earnings Mobility in France, 1967-1999 Downloads
Mosche Buchinsky, Gary Fields, Denis Fougere and Francis Kramarz
3936: Wages and International Trade Downloads
Francis Kramarz
3935: Surviving a Standards War: Lessons Learned from the Life and Death of DIVX Downloads
David Dranove and Neil Gandal
3934: Taylor Rules and the Predictability of Interest Rates Downloads
Paul Söderlind, Ulf Söderström and Anders Vredin
3933: Fiscal Policy and Monetary Integration in Europe Downloads
Jordi Gali and Roberto Perotti
3932: Globalization and Dirty Industries: Do Pollution Havens Matter? Downloads
Jaime de Melo and Jean-Marie Grether
3931: How Binding are Legal Limits? Transitions from Temporary to Permanent Work in Spain Downloads
Maia Güell and Barbara Petrongolo
3930: Reconciling Stability and Growth: Smart Pacts and Structural Reforms Downloads
Roel Beetsma and Xavier Debrun
3928: Backward-Looking Interest Rate Rules, Interest Rate Smoothing and Macroeconomic Instability Downloads
Jess Benhabib, Stephanie Schmitt-Grohé and Martín Uribe
3927: Asset Prices and Business Cycles with Costly External Finance Downloads
João Gomes, Amir Yaron and Lu Zhang
3926: The Effects of Employment Protection: Learning from Variable Enforcement Downloads
Tito Boeri and Juan F Jimeno
3925: Policy Interaction, Expectation and Liquidity Trap Downloads
George Evans and Seppo Honkapohja
3924: Families as Shocks Downloads
Luis Cubeddu and José-Víctor Ríos-Rull
3923: Delegation of Monetary Policy: More than a Relocation of the Time-Inconsistency Problem Downloads
Edward Driffill and Zeno Rotondi
3922: Job Search with Nonparticipation Downloads
Paul Frijters and Bas van der Klaauw
3921: The Effect of Financial Rewards on Students' Achievements: Evidence from a Randomized Experiment Downloads
Edwin Leuven, Hessel Oosterbeek and Bas van der Klaauw
3920: Optimal State-Contingent Regulation under Limited Liability Downloads
Robert Gary-Bobo and Yossi Spiegel
3919: Business Cycles with Free Entry Ruled by Animal Spirits Downloads
Rodolphe Dos Santos Ferreira and Teresa Lloyd-Braga
3918: The Central Banker as a Risk Manager: Quantifying and Forecasting Inflation Risks Downloads
Lutz Kilian and Simone Manganelli
3917: Loan Pricing Under Basel Capital Requirements Downloads
Rafael Repullo and Javier Suarez
3916: Incentives and Invention in Universities Downloads
Saul Lach and Mark Schankerman
3915: Financial Distress and Bank Restructuring of Small to Medium Size UK Companies Downloads
Julian R Franks and Oren Sussman
3914: The Political Economy of Bank and Equity Dominance Downloads
Enrico Perotti and Ernst-Ludwig von Thadden
3913: International Unions Downloads
Alberto F Alesina, Ignazio Angeloni and Federico Etro
3912: The Dynamics of Local Employment in France Downloads
Pierre-Philippe Combes, Thierry Magnac and Jean-Marc Robin
3911: Representative versus Direct Democracy: The Role of Informational Asymmetries Downloads
Anke Kessler
3910: The Euro is Good After All: Evidence from Corporate Valuations Downloads
Arturo Bris, Yrjö Koskinen and Mattias Nilsson
3909: The Monetary Consequences of A Free Trade Area of the Americas Downloads
Barry Eichengreen and Alan Taylor
3908: Understanding Reserve Volatility in Emerging Markets: A Look at the Long-Run Downloads
Ricarda Demarmels and Andreas Fischer
3907: Delegated Job Design Downloads
Hans Hvide and Todd Kaplan
3906: Teen Births Keep American Crime High Downloads
Jennifer Hunt
3905: Household Labour Supply and Welfare Participation in Sweden Downloads
Lennart Flood, Jörgen Hansen and Roger Wahlberg
3904: On the Trend Recognition and Forecasting Ability of Professional Traders Downloads
Markus Glaser, Thomas Langer and Martin Weber
3903: Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms Downloads
Tullio Jappelli and Luigi Pistaferri
3902: The Elusive Gains from International Financial Integration Downloads
Pierre-Olivier Gourinchas and Olivier Jeanne
3901: Insisting on a Non-negative Price: Oligopoly, Uncertainty, Welfare and Multiple Equilibria Downloads
Johan Lagerlof
3900: The Price of Future Liquidity: Time-Varying Liquidity in the US Treasury Market Downloads
David Goldreich, Bernd Hanke and Purnendu Nath
3899: Taylor Rules in Practice: How Central Banks can Intercept Sunspot Expectations Downloads
Mark Weder
3898: Money and the Transmission Mechanism in the Optimizing IS-LM Specification Downloads
Edward Nelson
3897: The Future of Monetary Aggregates in Monetary Policy Analysis Downloads
Edward Nelson
3896: The Macroeconomics of Early Retirement Downloads
J. Ignacio Conde-Ruiz and Vincenzo Galasso
3895: The Zero-Interest Rate Bound and the Role of the Exchange Rate for Monetary Policy in Japan Downloads
Günter Coenen and Volker Wieland
3894: Exchange Rate Pass-Through in Candidate Countries Downloads
Fabrizio Coricelli, Bostjan Jazbec and Igor Masten
3893: Leading Indicators for Euro Area Inflation and GDP Growth Downloads
Anindya Banerjee, Massimiliano Marcellino and Igor Masten
3892: Price Stability and Monetary Policy Effectiveness when Nominal Interest Rates are Bounded at Zero Downloads
Günter Coenen, Athanasios Orphanides and Volker Wieland
3891: The Determinants of Employee Crime in the UK Downloads
Neil Rickman and Robert Witt
3890: Are Household Portfolios Efficient? An Analysis Conditional on Housing Downloads
Loriana Pelizzon and Guglielmo Weber
3889: Cross-Country Determinants of Mergers and Acquisitions Downloads
Stefano Rossi and Paolo Volpin
3888: Strategic Choice of Financing Systems in Regulated and Interconnected Industries Downloads
Anna Bassanini and Jerome Pouyet
3887: Monetary-Fiscal Mix and Inflation Performance: Evidence from the US Downloads
Carlo Favero and Tommaso Monacelli
3886: Citizen Candidacy with Asymmetric Information Downloads
Georges Casamatta and Wilfried Sand-Zantman
3885: On the Influence of Extreme Parties in Electoral Competition with Policy-Motivated Candidates Downloads
Georges Casamatta and Philippe De Donder
3884: Are we Better Off if our Politicians Have More Information? Downloads
Johan Lagerlof
3883: Freidman's Money Supply Rule versus Optimal Interest Rate Policy Downloads
George Evans and Seppo Honkapohja
3882: The New Comparative Economics Downloads
Simeon Djankov, Edward L Glaeser, Florencio Lopez-de-Silanes and Andrei Shleifer
3881: Tax Incentives to Saving and Borrowing Downloads
Tullio Jappelli and Luigi Pistaferri
3880: The Political Economy of European Merger Control: Evidence Using Stock Market Data Downloads
Tomaso Duso, Damien Neven and Lars-Hendrik Röller
3879: The Effectiveness of Structural Policy in the European Union: An Empirical Analysis for the EU-15 during the Period 1995-2001 Downloads
Maaike Beugelsdijk and Sylvester Eijffinger
3878: An Equilibrium Approach to International Merger Policy Downloads
Luis Cabral
3877: Trade, Wages and the Political Economy of Trade Protection: Evidence from the Colombian Trade Reforms Downloads
Pinelopi Goldberg and Nina Pavcnik
3876: Airbus versus Boeing Revisited: International Competition in the Aircraft Market Downloads
Douglas Irwin and Nina Pavcnik
3875: The Role of Human Capital Investments in the Location Decisions of Firms Downloads
Niko Matouschek and Frederic Robert-Nicoud
3874: The Response of the Informal Sector to Trade Liberalization Downloads
Pinelopi Goldberg and Nina Pavcnik
3873: How do Firms Agglomerate? A Study of FDI in France Downloads
Matthieu Crozet, Thierry Mayer and Jean-Louis Mucchielli
3872: Information Diffusion in International Markets Downloads
Alejandro Izquierdo, Jacques Morisset and Marcelo Olarreaga
3871: Employment Protection and Globalization in Dynamic Oligopoly Downloads
Gerda Dewit, Dermot Leahy and Catia Montagna
3870: Fatal Attraction Downloads
Tamim Bayoumi, Giorgio Fazio, Manmohan Kumar and Ronald MacDonald
3869: Deflation: Prevention and Cure Downloads
Willem Buiter
3868: Portfolio Choice with Internal Habit Formation: A Life-Cycle Model with Uninsurable Labour Income Risk Downloads
Francisco Gomes and Alexander Michaelides
3867: Learning and Syndication in Venture Capital Investments Downloads
Catherine Casamatta and Carole Haritchabalet
3866: Endogenous Policy Leads to Inefficient Risk-Sharing Downloads
Marco Celentani, J. Ignacio Conde-Ruiz and Klaus Desmet
3865: Banks and Markets: the Changing Character of European Finance Downloads
Raghuram Rajan and Luigi Zingales
3864: Entrepreneurs and New Ideas Downloads
Bruno Biais and Enrico Perotti
3863: Education, Growth and Income Inequality Downloads
C. N. Teulings and Thijs van Rens
3862: Paying for Performance: The Effect of Teachers' Financial Incentives on Students' Scholastic Outcomes Downloads
Victor Lavy
3861: How Large are Search Frictions? Downloads
Pieter Gautier and C. N. Teulings
3860: Is Strong Reciprocity a Maladaption? On the Evolutionary Foundations of Human Altruism Downloads
Ernst Fehr and Joseph Henrich
3859: The Wrong Kind of Transparency Downloads
Andrea Prat
3858: A Nationwide Laboratory Examining Trust and Trustworthiness by Integrating Behavioural Experiments into Representative Surveys Downloads
Ernst Fehr, Urs Fischbacher, Jürgen Schupp, Bernhard von Rosenbladt and Gert Wagner
3857: Decentralization and Political Institutions Downloads
Ruben Enikolopov and Ekaterina Zhuravskaya
3856: Prisoners' Other Dilemma Downloads
Matthias Blonski and Giancarlo Spagnolo
3855: Opportunistic Political Cycles: Test in a Young Democracy Setting Downloads
Akhmed Akhmedov, Alexei Ravitchev and Ekaterina Zhuravskaya
3854: Monopoly Rights can Reduce Income Big Time Downloads
Berthold Herrendorf and Arilton Teixeira
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