CESifo Working Paper Series

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1208: Pollution and Capital Tax Competition within a Regional Block

Costas Hadjiyiannis, Panos Hatzipanayotou and Michael Michael

1207: Computation of Business Cycle Models: A Comparison of Numerical Methods

Burkhard Heer and Alfred Maussner

1206: Real Wages and Business Cycle Asymmetries

Ulrich Woitek

1205: Do Ifo Indicators Help Explain Revisions in German Industrial Production?

Jan Jacobs and Jan-Egbert Sturm

1204: The Role of the IFO Business Climate Indicator and Asset Prices in German Monetary Policy

Elmer Sterken

1203: Forecasting Quarterly German GDP at Monthly Intervals Using Monthly IFO Business Conditions Data

Stefan Mittnik and Peter Zadrozny

1202: Evaluating the German Inventory Cycle – Using Data from the Ifo Business Survey

Thomas Knetsch

1201: Firm Size and Monetary Policy Transmission – Evidence from German Business Survey Data

Michael Ehrmann

1200: A Leading Indicator for the Dutch Economy – Methodological and Empirical Revision of the CPB System

Henk C. Kranendonk, Jan Bonenkamp and Johan Verbruggen

1199: Credibility and Transparency of Central Banks: New Results Based on Ifo’s World Economicy Survey

Sandra Waller, Jakob de Haan and Jakob de Haan

1198: Estate and Capital Gains Taxation: Efficiency and Political Economy Consideration

Saku Aura

1197: When Inefficiency Begets Efficiency

Hans Gersbach and Hans Haller

1196: A Model of Strategic Targeted Advertising

Andrea Galeotti and Jose Moraga-Gonzalez

1195: Privatization Experiences in France

Michel Berne and Gérard Pogorel

1194: Bubbles and Crashes in a Behavioural Finance Model

Paul De Grauwe and Marianna Grimaldi

1193: Optimal Enforcement Policy and Firms’ Emissions and Compliance with Environmental Taxes

Ines Macho-Stadler and David Perez-Castrillo

1192: The Suitability of a Greater China Currency Union

Yin-Wong Cheung and Jude Yuen

1191: Investment Uncertainty, and Production Games

Sjur Flåm and Yuri Ermoliev

1190: What’s in a Name?

Saku Aura and Gregory Hess

1189: Efficient Tuition Fees, Examinations, and Subsidies (new title: Efficient tuition fees and subsidies)

Robert Gary-Bobo and Alain Trannoy

1188: Privatisation of Network Industries in Germany: A Disaggregated Approach

Günter Knieps

1187: Privatisation Policy in Spain: Stuck Between Liberalisation and the Protection of Nationals’ Interests

Pablo Arocena

1186: Rent Dissipation in Repeated Entry Games: Some New Results

Jean-Pierre Ponssard

1185: Fair Wages and Human Capital Accumulation in a Global Economy

Udo Kreickemeier

1184: Implications of EU Accession for International Migration: An Assessment of Potential Migration Pressure

Anzelika Zaiceva

1183: Turkish Delight – Does Turkey’s accession to the EU bring economic benefits?

Arjan Lejour and Ruud de Mooij

1182: Exchange Rate Regimes and Macroeconomic Stability in Central and Eastern Europe

Paul De Grauwe and Gunther Schnabl

1181: Genetic Testing and Repulsion from Chance

Michael Hoel, Tor Iversen, Tore Nilssen and Jon Vislie

1180: Leviathans, Federal Transfers, and the Cartelization Hypothesis

Marko Köthenbürger

1179: Labor Market Effects of Economic Integration - The Impact of Re-Unification in German Border Regions

Thiess Büttner and Johannes Rincke

1178: Does Innovation Cause Exports? Evidence from Exogenous Innovation Impulses and Obstacles

Stefan Lachenmaier and Ludger Woessmann

1177: Downward Nominal Wage Rigidity in Europe (new title: The costs of price stability - downward nominal wage rigidity in Europe)

Steinar Holden and Fredrik Wulfsberg

1176: Econometric Issues in the Analysis of Contagion

Mohammad Pesaran and Andreas Pick

1175: Types of Tax Concessions for Attracting Foreign Direct Investment in Free Economic Zones

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

1174: Trade, Foreign Direct Investment or Acquisition: Optimal Entry Modes for Multinationals

Theo Eicher and Jong Woo Kang

1173: How to Subvert Democracy: Montesinos in Peru

John McMillan and Pablo Zoido

1172: Tax Competition, Excludable Public Goods and User Charges

Bernd Huber and Marco Runkel

1171: Can Fiscal Policy Help Macroeconomic Stabilisation? Evidence from a New Keynesian Model with Liquidity Constraints

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

1170: Privatisation in Ireland

Sean D. Barrett

1169: Real Time Econometrics

Mohammad Pesaran and Allan Timmermann

1168: Exclusive Dealing and Common Agency in International Markets

Horst Raff and Nicolas Schmitt

1167: Shadow Economies around the World: What Do We Know?

Friedrich Schneider and Robert Klinglmair

1166: A Theory of User-Fee Competition

Clemens Fuest and Martin Kolmar

1165: One Country, One Vote? Labor Market Structure and Voting Rights in the ECB

Helge Berger and Carsten Hefeker

1164: The Positive Link Between Financial Liberalization, Growth, and Crises

Aaron Tornell, Frank Westermann and Lorenza Martínez

1163: Using Happiness Surveys to Value Intangibles: The Case of Airport Noise

Bernard M.S. van Praag, Barbara Baarsma and Bernard M.S. van Praag

1162: How Equal Are Educational Opportunities? Family Background and Student Achievement in Europe and the United States

Ludger Woessmann

1161: Transparency, Specialization and FDI (new title: Corporate Transparency, Cream-Skimming and FDI)

Assaf Razin and Efraim Sadka

1160: Crises and Growth: A Re-Evaluation

Romain Ranciere, Aaron Tornell and Frank Westermann

1159: Asian Crises: Theory, Evidence, Warning-Signals

Jerome Stein and Guay Lim

1158: Valuing Public Goods: The Life Satisfaction Approach

Bruno Frey, Simon Luechinger and Alois Stutzer

1157: Are Family Allowances and Fertility-related pensions Siamese Twins?

Robert Fenge and Volker Meier

1156: Do Foreign Aid Transfers Distort Incentives and Hurt Growth? Theory and Evidence from 75 Aid-recipient Countries

George Economides, Sarantis Kalyvitis and Apostolis Philippopoulos

1155: NAFTA and Mexico's Economic Performance

Aaron Tornell, Frank Westermann and Lorenza Martínez

1154: European Airline Mergers, Alliance Consolidation, and Consumer Welfare

Jan Brueckner and Eric Pels

1153: Welfare-to-Work Experiences with Specific Work-First Programmes in Selected Countries

Wolfgang Ochel

1152: Unilateral Emissions Abatement: An Experiment

Bodo Sturm and Joachim Weimann

1151: The Macroeconomic Consequences of Terrorism

Stephen Blomberg, Gregory Hess and Athanasios Orphanides

1150: Agglomeration Effects on Employer-Provided Training: Evidence from the UK

Giorgio Brunello and Francesca Gambarotto

1149: International Trade, Labour Turnover, and the Wage Premium: Testing the Bhagwati-Dehejia Hypothesis for Canada

Eugene Beaulieu, Vivek Dehejia and Hazrat-Omar Zakhilwal

1148: Trade, Technology, and Productivity: A Study of Brazilian Manufacturers, 1986-1998

Marc-Andreas Muendler

1147: Geographical Extension of Free Trade Zones as Trade Liberalization: A Numerical Simulation Approach

Chi-Yung Ng and John Whalley

1146: EU Regional Policy: Vertical Fiscal Externalities and Matching Grants

Robert Fenge and Matthias Wrede

1145: Non-Preferential Trading Clubs

Pascalis Raimondos and Alan Woodland

1144: Job Insecurity and Children's Emancipation

Sascha Becker, Samuel Bentolila, Ana Fernandes, Andrea Ichino and Sascha O. Becker

1143: Estimating Production Functions When Productivity Change is Endogenous

Marc-Andreas Muendler

1142: Network Utilities in the U.S. - Sector Reforms without Privatization

Ingo Vogelsang

1141: Money Illusion and Coordination Failure

Ernst Fehr and Jean-Robert Tyran

1140: Economic Growth and Tax-Competing Leviathans

Michael Rauscher

1139: Do Cognitive Test Scores Explain Higher U.S. Wage Inequality?

Francine Blau and Lawrence Kahn

1138: Policy Duration Effect under Zero Interest Rates: An Application of Wavelet Analysis

Kunio Okina and Shigenori Shiratsuka

1137: Bank Fragility in Japan, 1995-2003

Takatoshi Ito and Kimie Harada

1136: Deposit Insurance, Regulatory Forbearance and Economic Growth: Implications for the Japanese Banking Crisis

Robert Dekle and Kenneth Kletzer

1135: Determinants of Voluntary Bank Disclosure: Evidence from Japanese Shinkin Banks

Mark Spiegel and Nobuyoshi Yamori

1134: Exchange Rate Pass-Through in the Deflationary Japan: How Effective is the Yen’s Depreciation for Fighting Deflation?

Eiji Fujii

1133: The Stagnation of Household Consumption in Japan

Charles Horioka

1132: Privatising Network Industries

David M Newbery

1131: Socially Optimal Royalty Design and Illegal Logging under Alternative Penalty Schemes

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1130: Bureaucrats or Politicians?

Alberto Alesina and Guido Tabellini

1129: Exchange Rate Dynamics: Where is the Saddle Path?

Yin-Wong Cheung, Javier Gardeazabal and Jesús Vázquez

1128: Deforestation, Production Intensity and Land Use under Insecure Property Rights

Gregory S. Amacher, Erkki Koskela and Markku Ollikainen

1127: Privatization in Denmark, 1980-2002

Henrik Christoffersen and Martin Paldam

1126: The UK's Privatisation Experiment: The Passage of Time Permits a Sober Assessment

David Parker

1125: Minimum Wage with Optimal Income Taxation

Tomer Blumkin and Efraim Sadka

1124: Does Debt Maturity Matter for Investment Decisions?

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

1123: Privatization in Austria: Some Theoretical Reasons and First Results About the Privatization Proceeds

Ansgar Belke and Friedrich Schneider

1122: The Effect of Internet Piracy on CD Sales: Cross-Section Evidence

Martin Peitz and Patrick Waelbroeck

1121: Inequality and Redistribution via the Public Provision of Private Goods

Margarita Katsimi and Thomas Moutos

1120: Determinants of Country Beta Risk in Poland

Piotr Wdowiński

1119: The Impact of Competition on Bank Orientation and Specialization (new titel: The impact of competition on bank orientation)

Hans Degryse and Steven Ongena

1118: Monetary and Fiscal Management, Finance, and Growth

Thorvaldur Gylfason

1117: The Economic Value of Cultural Diversity: Evidence from US Cities

Gianmarco Ottaviano and Giovanni Peri

1116: Transferable Ageing Provisions in Individual Health Insurance Contracts

Florian Baumann, Volker Meier and Martin Werding

1115: How Do Electoral Rules Shape Party Structures, Government Coalitions, and Economic Policies?

Torsten Persson, Gérard Roland and Guido Tabellini

1114: Educating Europe

Panu Poutvaara

1113: Have a Break, Have a... National Currency: When Do Monetary Unions Fall Apart?

Volker Nitsch

1112: The E-Correspondence Principle

George Evans and Seppo Honkapohja

1111: Intra-and International Risk-Sharing in the Short Run and the Long Run

Sascha Becker, Mathias Hoffmann and Sascha O. Becker

1110: Using Taylor Rules to Understand ECB Monetary Policy

Stephan Sauer and Jan-Egbert Sturm

1109: Employment and Taxes

Stephen Nickell