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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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2760: The Effects of Fiscal Policy on Consumption and Employment: Theory and Evidence Downloads
Antonio Fatas and Ilian Mihov
2759: Economic Reform, Democracy and Growth during Post-Communist Transition Downloads
Jan Fidrmuc
2758: Privatization, Competition and Reform Strategies: Theory and Evidence from Russian Enterprise Panel Data Downloads
J. David Brown and John Sutherland Earle
2757: Price Stability as a Nash Equilibrium in Monetary Open-Economy Models Downloads
Gianluca D. Benigno and Pierpaolo Benigno
2756: Monetary Policy for an Open Economy: An Alternative Framework with Optimizing Agents and Sticky Prices Downloads
Bennett McCallum and Edward Nelson
2755: Optimal Monetary Policy in a Currency Area Downloads
Pierpaolo Benigno
2754: Did the Malaysian Capital Controls Work? Downloads
Ethan Daniel Kaplan and Dani Rodrik
2753: Corporate Taxation, Multinational Enterprise and Economic Integration Downloads
Hans Jarle Kind, Guttorm Schjelderup and Karen Helene Ulltveit-Moe
2752: Timeless Perspective Vs Discretionary Monetary Policy in Forward-Looking Models Downloads
Bennett McCallum and Edward Nelson
2751: 'Crony Capitalism', Bail Outs and Bank Runs Downloads
Gianluca Femminis and Luigi Ruggerone
2750: Multi-Generation Model of Immigrant Earnings: Theory and Application Downloads
Gil S. Epstein and Tikva Lecker
2749: Macroeconomic Policy Lessons of Labour Market Frictions Downloads
Eran Yashiv
2748: Uncertainty on Monetary Policy and the Expectational Model of the Term Structure of Interest Rates Downloads
Carlo Favero and Federico Mosca
2747: Tariff Peaks in the Quad and Least Developed Country Exports Downloads
Bernard Hoekman, Francis Ng and Marcelo Olarreaga
2746: Learning About Migration Decisions from the Migrants: Using Complementary Datasets to Model Intra-Regional Migrations in Spain Downloads
Manuel Arellano and Olympia Bover
2745: Economic Performance and Stabilization Policy in a Monetary Union with Imperfect Labour and Goods Markets Downloads
Fabrizio Coricelli, Alex Cukierman and Alberto Dalmazzo
2744: Cross-Country Technology Diffusion: The Case of Computers Downloads
Francesco Caselli and Wilbur John Coleman
2743: Natural Resources and Economic Growth: The Role of Investment Downloads
Thorvaldur Gylfason and Gylfi Zoega
2742: Electoral Rules and Public Spending Downloads
Gian Maria Milesi-Ferretti, Roberto Perotti and Massimo V Rostagno
2741: Electoral Rules and Corruption Downloads
Torsten Persson, Guido Tabellini and Francesco Trebbi
2740: To Merge or to License: Implications for Competition Policy Downloads
Ramon Faulí-Oller and Joel Sandonís
2739: Rules, Communication and Collusion: Narrative Evidence from the Sugar Institute Case Downloads
David Genesove and Wallace P Mullin
2738: Merger Profitability in Unionized Oligopoly Downloads
Kjell Erik Lommerud, Lars Sørgard and Odd Rune Straume
2737: The Empirical Importance of Precautionary Saving Downloads
Pierre-Olivier Gourinchas and Jonathan A. Parker
2736: The Seven Percent Solution? An International Perspective On Underwriting Spreads Downloads
Alexander Ljungqvist and William J Wilhelm
2735: Privatization and Foreign Competition Downloads
Pehr-Johan Norbäck and Lars Persson
2734: Predation and Mergers: Is Merger Law Counterproductive? Downloads
Lars Persson
2733: Outside Finance, Dominant Investors and Strategic Transparency Downloads
Enrico Perotti and Ernst-Ludwig von Thadden
2732: Competition, Trade and Wages Downloads
J. Peter Neary
2731: Robust Rules for Industrial Policy in Open Economies Downloads
Dermot Leahy and J. Peter Neary
2730: Settlement Policies and the Economic Success of Immigrants Downloads
Olof Åslund, Per-Anders Edin and Peter Fredriksson
2729: Ethnic Enclaves and the Economic Success of Immigrants - Evidence from a Natural Experiment Downloads
Olof Åslund, Per-Anders Edin and Peter Fredriksson
2728: Risk Aversion, Wealth and Background Risk Downloads
Luigi Guiso and Monica Paiella
2727: Natural Selection and the Origin of Economic Growth Downloads
Oded Galor and Omer Moav
2726: Inflation Targeting in a Small Open Economy Downloads
Alan James Sutherland
2725: Government versus Private Ownership of Public Goods Downloads
Timothy J. Besley and Maitreesh Ghatak
2724: How Risky is Financial Liberalization in the Developing Countries? Downloads
Charles Wyplosz
2723: Exchange Rate Regimes: Some Lessons from Postwar Europe Downloads
Charles Wyplosz
2722: Do We Know How Low Inflation Should Be? Downloads
Charles Wyplosz
2721: The Political Economy of Government Responsiveness: Theory and Evidence from India Downloads
Timothy J. Besley and Robin Burgess
2720: Performance Incentives with Award Constraints Downloads
Pascal Courty and Gerald Roger Marschke
2719: Working in Public and Private Firms Downloads
Giacomo Corneo and Rafael Rob
2718: Equilibrium Exchange Rate Policies: Complicit Renegotiation-Proof Outcomes Downloads
Pierre Mella-Barral and Paolo Vitale
2717: Financial Market Imperfections and Home Ownership: A Comparative Study Downloads
Maria Concetta Chiuri and Tullio Jappelli
2716: Rackets, Regulation and the Rule of Law Downloads
Timothy M. Frye and Ekaterina Zhuravskaya
2715: Soft Budget Constraint Theories: From Centralization to the Market Downloads
Eric S. Maskin and Cheng-Gang Xu
2714: The Political Economy of International Migration in a Ricardo-Viner Model Downloads
Jaime A.P. de Melo, Jean-Marie Grether and Tobias Müller
2713: Macroeconomic Effects of Regulation and Deregulation in Goods and Labour Markets Downloads
Olivier J Blanchard and Francesco Giavazzi
2712: Complementarities in Innovation Policy Downloads
Pierre Mohnen and Lars-Hendrik Röller
2711: Modelling Scale-Consistent VaR with the Truncated Lévy Flight Downloads
Thorsten Lehnert and Christian C.P. Wolff
2710: Estimating the Wage Costs of Inter- and Intra-Sectoral Adjustment Downloads
Michelle Haynes, Richard Upward and Peter William Wright
2709: Open Covenants, Privately Arrived At Downloads
John Fingleton and Michael Raith
2708: Agency Conflicts, Ownership Concentration, and Legal Shareholder Protection Downloads
Mike Burkart and Fausto Panunzi
2707: Wages and Productivity Growth in a Dynamic Monopoly Downloads
Helmut Bester and Emmanuel Petrakis
2706: Geographic Localization of International Technology Diffusion Downloads
Wolfgang Keller
2705: Should Mergers Be Controlled? Downloads
Sven-Olof Fridolfsson and Johan Stennek
2704: The EMS Crisis in Retrospect Downloads
Barry Julian Eichengreen
2703: Theories of Fairness and Reciprocity - Evidence and Economic Applications Downloads
Ernst Fehr and Klaus M. Schmidt
2702: The Wage Performance of Immigrant Women: Full-Time Jobs, Part-Time Jobs and the Role of Selection Downloads
Christian Dustmann and Christoph M. Schmidt
2701: Das Human Kapital Downloads
Oded Galor and Omer Moav
2700: Monopolies Life Cycle, Bureaucratization, and Schumpeterian Growth Downloads
David MARTIMORT and Thierry A. Verdier
2699: Quantity Discounts for Time-Varying Consumers Downloads
Eugenio J. Miravete
2698: Optimal Allocation of Ownership Rights in Dynamic R&D Alliances Downloads
Stephanie Rosenkranz and Patrick W. Schmitz
2697: Quantifying the Effects from Horizontal Mergers in European Competition Policy Downloads
Marc IVALDI and Frank Verboven
2696: Monetary Policy in a Cashless Society Downloads
Cláudia Costa Storti and Paul De Grauwe
2695: Repeated Expropriation Contests and Foreign Direct Investment Downloads
Kai A. Konrad
2694: Individual Preferences for Political Redistribution Downloads
Giacomo Corneo and Hans Peter Grüner
2693: Equilibrium Welfare and Government Policy with Quasi-Geometric Discounting Downloads
Per Krusell, Burhanettin Kuruscu and Anthony A. Smith
2692: Do Monetary Handcuffs Restrain Leviathan? Fiscal Policy in Extreme Exchange Rate Regimes Downloads
Antonio Fatas and Andrew Kenan Rose
2691: The Feasible Gains from International Risk Sharing Downloads
Sylvester Eijffinger and Wolf Wagner
2690: Official Intervention in the Foreign Exchange Market: Is It Effective, and, If So, How Does It Work? Downloads
Lucio Sarno and Mark P. Taylor
2689: Optimal Degrees of Transparency in Monetary Policymaking Downloads
Henrik Jensen
2688: Optimal Fiscal and Monetary Policy under Imperfect Competition Downloads
Stephanie Schmitt-Grohé and Martín Uribe
2687: The Race To the Bottom, From the Bottom Downloads
Nancy H. Chau and Ravi Kanbur
2686: Debt Overhang and Barter in Russia Downloads
Sergei Guriev, Igor Makarov and Mathilde Maurel
2685: A Practitioner's Guide to Lag-Order Selection for Vector Autoregressions Downloads
Ventzislav Ivanov and Lutz Kilian
2684: European Inflation Dynamics Downloads
Jordi Gali, Mark L. Gertler and David Lopez-Salido
2683: What Makes Stock Exchanges Succeed? Evidence from Cross-Listing Decisions Downloads
Marco Pagano, Otto Randl, Ailsa A Röell and Josef Zechner
2682: The Political Economy of Corporate Governance Downloads
Marco Pagano and Paolo Volpin
2681: The Geography of Equity Listing: Why Do Companies List Abroad? Downloads
Marco Pagano, Ailsa A Röell and Josef Zechner
2680: Promises, Promises… Downloads
Juan D Carrillo and Mathias Dewatripont
2679: Joint Ownership and Incomplete Contracts: The Case of Perfectly Substitutable Investments Downloads
Stephanie Rosenkranz and Patrick W. Schmitz
2678: Allocative and Productive Efficiency in REE with Asymmetric Information Downloads
Simon Messner and Xavier Vives
2677: Relative Wages and Trade-Induced Changes in Technology Downloads
Karolina Ekholm and Karen Helene Ulltveit-Moe
2676: Investment Incentives in Procurement Auctions Downloads
Leandro Arozamena and Estelle Cantillon
2675: The Effect of Bidders' Asymmetries on Expected Revenues Downloads
Estelle Cantillon
2674: The Economics of Human Cloning Downloads
Gilles Saint-Paul
2673: Diversity in Organizations Downloads
Antonio S Mello and Martin Ruckes
2672: Arbitrage with Inelastic Liquidity Demand and Financial Constraints Downloads
Mukarram Attari and Antonio S Mello
2671: Credibility, Transparency and Asymmetric Information in Monetary Policy Downloads
Andrew J Hughes Hallett and Nicola Viegi
2670: On the Identification of Relative Wage Rigidity Dynamics: A Proposal for a Methodology on Cross-Section Data and Empirical Evidence for Poland in Transition Downloads
Patrick A. Puhani
2669: Market Structure, Trade Liberalization, and the GATS Downloads
Joseph Francis Francois and Ian Wooton
2668: Gaps and Triangles Downloads
Bernardino Adao, Isabel Correia and Pedro Teles
2667: Market Mechanisms for Policy Decisions Downloads
Alessandra Casella
2666: Direct Effects of Base Money on Aggregate Demand: Theory and Evidence Downloads
Edward Nelson
2665: Determinacy with Capital Adjustment Costs and Sector-Specific Externalities Downloads
Berthold Herrendorf and Akos Valentinyi
2664: Time Consistency When Open Market Operations are the Monetary Policy Instrument: Is There Really a Deflation Bias? Downloads
Neil Rankin
2663: Good, Bad or Ugly? On the Effects of Fiscal Rules with Creative Accounting Downloads
Gian Maria Milesi-Ferretti
2662: Regional Risksharing and Redistribution in the German Federation Downloads
Ralf Hepp and Juergen von Hagen
2661: Budget Processes: Theory and Experimental Evidence Downloads
Karl-Martin Ehrhart, Roy Gardner, Claudia Keser and Juergen von Hagen
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