CESifo Working Paper Series

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908: Producing and Manipulating Information

Robert Dur and Otto Swank

907: The Structure and History of Italian Unemployment

Giuseppe Bertola and Pietro Garibaldi

906: Economic Growth and Judicial Independence: Cross Country Evidence Using a New Set of Indicators

Lars Feld and Stefan Voigt

905: Inverse Campaigning

Kai Konrad

904: Dusting off the Perception of Risk and Returns in FOREX Markets

Phornchanok Cumperayot

903: Enlargements and the Principles of Designing EU - Decision-Making Procedures

Mika Widgrén

902: What Do We Know about Recent Exchange Rate Models? In-Sample Fit and Out-of-Sample Performance Evaluated

Yin-Wong Cheung, Menzie Chinn and Antonio I. Garcia Pascual

901: Restraining the Genuine Homo Economicus: Why the Economy Cannot be Divorced from its Governance

Stergios Skaperdas

900: Experiments and Simulations on Day-to-Day Route Choice-Behaviour

Reinhard Selten, M. Schreckenberg, Thomas Pitz, Thorsten Chmura and Sebastian Kube

899: Catching Up: The Role of Demand, Supply and Regulated Price Effects on the Real Exchange Rates of Four Accession Countries

Ronald MacDonald and Cezary Wójcik

898: Capital Market Institutions and Venture Capital: Do They Affect Unemployment and Labour Demand?

Rainer Fehn and Thomas Fuchs

897: Gains from Trade in Tax Revenue and the Efficiency Case for Trade Taxes

Jeremy Edwards

896: Rights and Citizenship in the European Union

Dennis C. Mueller

895: A Panel Data Study of Physicians’ Labor Supply: The Case of Norway

Badi Baltagi, Espen Bratberg and Tor Helge Holmås

894: A Re-examination of the Link between Real Exchange Rates and Real Interest Rate Differentials

Mathias Hoffmann and Ronald MacDonald

893: Turkey and the EU: Politics and Economics of Accession

Harry Flam

892: Strategic Trade Policy and the Home Bias in Firm Ownership Structure

Steffen Huck and Kai Konrad

891: Monetary Policy in EMU when the Transmission is Asymmetric and Uncertain

Paul De Grauwe and Marc-Alexandre Senegas

890: Rolling Back the Public Sector - Differential Effects on Employment, Investment and Growth

Frederick (Rick) van der Ploeg

889: Optimum Delayed Retirement Credit

Eytan Sheshinski

888: Coordinating Sectoral Policymaking: Searching for Countervailing Mechanisms in the EU Legislative Process

Bernard Steunenberg

887: Initial Capital Constraints Hinder Entrepreneurial Venture Performance: An empirical analysis

Mirjam Praag

886: Do Social Policies Harm Employment and Growth?

Frederick (Rick) van der Ploeg

885: Globalisation and Social Spending

Paul De Grauwe and Magdalena Polan

884: Note on the Optimum Pricing of Annuities

Eytan Sheshinski

883: The Genesis of Venture Capital - Lessons from the German Experience

Ralf Becker and Thomas Hellmann

882: Venture Cycles: Theory and Evidence

Thomas Gehrig and Rune Stenbacka

881: Income Inequality in OECD Countries: Data and Explanations

Anthony Atkinson

880: Note on Income Taxation and Occupational Choice

Eytan Sheshinski

879: Pensions and Fertility Incentives

Robert Fenge and Volker Meier

878: The Un-Intended Convergence: How the Finnish Unemployment Reached the European Level

Erkki Koskela and Roope Uusitalo

877: Public Economics and Startup Entrepreneurs

Robin Boadway and Jean-François Tremblay

876: Education, Social Equality and Economic Growth: A View of the Landscape

Thorvaldur Gylfason and Gylfi Zoega

875: How Costly is it to Ignore Breaks when Forecasting the Direction of a Time Series?

Allan Timmermann and Mohammad Pesaran

874: Effects of Immigration on Labour Markets and Government Budgets - An Overview

Willi Leibfritz, Paul O'Brien and Jean-Christophe Dumont

873: Optimum and Risk-Class Pricing of Annuities

Eytan Sheshinski

872: Tax Policy and Entrepreneurship in the Presence of Asymmetric Information in Capital Markets

Clemens Fuest, Bernd Huber and Philipp Tillessen

871: Unemployment in Germany: Reasons and Remedies

Norbert Berthold and Rainer Fehn

870: On the Tree-Cutting Problem under Interest Rate and Forest Value Uncertainty

Luis Alvarez and Erkki Koskela

869: Estimation and Inference in Large Heterogenous Panels with Cross Section Dependence

Mohammad Pesaran

868: Bounded Rationality and Socially Optimal Limits on Choice in a Self-Selection Model

Eytan Sheshinski

867: The Inflationary Impact of Wage Indexation

Frank Heinemann

866: A Nation-Wide Laboratory. Examining Trust and Trustworthiness by Integrating Behavioral Experiments into Representative Survey

Ernst Fehr, Urs Fischbacher, Bernhard von Rosenbladt, Jürgen Schupp and Gert Wagner

865: The Mix Between Pay-as-you-go and Funded Pensions and What Demography Has to Do with it

Bernard van Praag and Pedro Cardoso

864: Investor Protections and Concentrated Ownership: Assessing Corporate Control Mechanisms in the Netherlands

Bob Chirinko, Hans van Ees, Harry Garretsen and Elmer Sterken

863: Theory of the Avatar

Edward Castronova

862: Efficient Transfer of Aging Provisions in Private Health Insurance

Volker Meier

861: How Sustainable Are Old-age Pensions in a Shrinking Population with Endogenous Labour Supply?

Pedro Cardoso and Bernard van Praag

860: Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Haizhou Huang, Dalia Marin and Chenggang Xu

859: Is Strong Reciprocity a Maladaptation? On the Evolutionary Foundations of Human Altruism

Ernst Fehr and Joseph Henrich

858: Strategic Campaigns and Redistributive Politics

Christian Schultz

857: A General Approach to the Stochastic Rotation Problem with Amenity Valuation

Luis Alvarez and Erkki Koskela

856: When Unemployment Disappears: Ireland in the 1990s

Brendan Walsh

855: Capital Accumulation and Employment Cycles in a Model of Creative Destruction

Tapio Palokangas

854: Decentralization and International Tax Competition

John Wilson and Eckhard Janeba

853: Comparative Venture Capital Governance. Private versus Labour Sponsored Venture Capital Funds

Douglas Cumming and Jeffrey G. MacIntosh

852: The Economic Welfare Cost of Conflict: An Empirical Assessment

Gregory Hess

851: China, Hong Kong, and Taiwan: A Quantitative Assessment of Real and Financial Integration

Yin-Wong Cheung, Menzie Chinn and Eiji Fujii

850: Public Policy for Start-up Entrepreneurship with Venture Capital and Bank Finance

Christian Keuschnigg and Søren Nielsen

849: Labour Market Performance and Start-up Costs: OECD Evidence

Paloma Lopez-Garcia

848: Wage Differentiation via Subsidised General Training

Steinar Holden and V Bhaskar

847: The Role of Tax Depreciation for Investment Decisions: A Comparison of European Transition Countries

Chang Woon Nam, Doina Radulescu and Doina Maria Radulescu

846: Inequality, Well-being and Institutions in Latin America and the Caribbean

Jaideep Oberoi and Syed Ahsan

845: Fiscal Equalisation: Principles and an Application to the European Union

Bernd Hayo and Matthias Wrede

844: Program Evaluation and Random Program Starts

Peter Fredriksson and Per Johansson

843: The Impact of Liberalisation and Globalisation on Income Inequality in Developing and Transitional Economies

Giovanni Cornia

842: Ageing and Fiscal Imbalances Across Generations: Concepts of Measurement

Robert Fenge and Martin Werding

841: Ageing and the Tax Implied in Public Pension Schemes: Simulations for Selected OECD Countries

Robert Fenge and Martin Werding

840: All About the Giants: Probing the Influences on Growth and Income Inequality at the End of the 20th Century

Albert Berry and John Serieux

839: How Large is the "Brain Drain" from Italy?

Sascha Becker, Andrea Ichino, Giovanni Peri and Sascha O. Becker

838: On the German Monetary Transmission Mechanism: Interest Rate and Credit Channels for Investment Spending

Bob Chirinko and Ulf von Kalckreuth

837: Growth, Income Distribution, and Well-Being: Comparisons across Space and Time

Carola Grün and Stephan Klasen

836: Optimal Factor Taxation under Wage Bargaining - A Dynamic Perspective

Erkki Koskela and Leopold von Thadden

835: Inflation and Wealth Distribution

Burkhard Heer and Bernd Süssmuth

834: Estimated Open Economy New Keynesian Phillips Curves for the G7

Campbell Leith and Jim Malley

833: Time Series Properties of the German Monthly Production Index

Gebhard Flaig

832: The Credit Channel in Middle Income Countries

Aaron Tornell and Frank Westermann

831: A General Approach to Welfare Measurement through National Income Accounting

Geir Asheim and Wolfgang Buchholz

830: Trade and Labour Standards - Theory, New Empirical Evidence, and Policy Implications

Vivek Dehejia and Yiagadeesen Samy

829: Work and Television

Giacomo Corneo

828: Lessons of the 1999 Abolition of Intra-EU Duty Free Sales for Eastern European EU Candidates

Andrea Gebauer, Chang Woon Nam and Rüdiger Parsche

827: Green National Accounting for Welfare and Sustainability: A Taxonomy of Assumptions and Results

Geir Asheim

826: A Revealed Preference Approach to Understanding Corporate Governance Problems: Evidence from Canada

Bob Chirinko and Huntley Schaller

825: Altruism and Envy in Contests: An Evolutionarily Stable Symbiosis

Kai Konrad

824: Measuring the Social Discount Rate under Uncertainty: A Methodology and Application

Syed Ahsan and Panagiotis Tsigaris

823: Homeownership: Low Household Mobility, Volatile Housing Prices, High Income Dispersion

Francois Ortalo-Magne and Sven Rady

822: Optimal Tax Policies with Private-Public Clean-Up, Cross-Border Pollution and Capital Mobility

Costas Hadjiyiannis, Panos Hatzipanayotou and Michael Michael

821: Financing Democracy

Hans Gersbach and Verena Liessem

820: Guilds, Efficiency, and Social Capital: Evidence from German Proto-Industry

Sheilagh Ogilvie

819: Optimal Capital Taxation in Economies with Unionised and Competitive Labour Markets

Erkki Koskela and Ronnie Schöb

818: A General Theory of Price and Quantity Aggregation and Welfare Measurement

Claude Hillinger

817: Monetary and Fiscal Policy Interactions over the Cycle: Some Empirical Evidence

Vito Muscatelli, Patrizio Tirelli and Carmine Trecroci

816: Deregulation, Entry of Foreign Banks and Bank Efficiency in Australia

Jan-Egbert Sturm and Barry Williams

815: Costs, Benefits, and Tax-induced Distortions of Stock Option Plans

Rainer Niemann and Dirk Simons

814: Settlement in Tax Evasion Prosecution

Ines Macho-Stadler and David Perez-Castrillo

813: Taxation of a Venture Capitalist with a Portfolio of Firms

Christian Keuschnigg

812: Banking Supervision in Integrated Financial Markets: Implications for the EU

Stephanie Stolz

811: On the Partial Public Provision of a Private Good

Rajshri Jayaraman

810: Delegating Recruitment under Asymmetric Information

Sarbajit Sengupta

809: Contracts and Inequity Aversion

Florian Englmaier and Achim Wambach