CESifo Working Paper Series

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8361: How Effective Are Social Distancing Policies? Evidence on the Fight against Covid-19 from Germany

Ulrich Glogowsky, Emanuel Hansen and Simeon Schächtele

8360: On Equilibrium in Monopolistic Competition with Endogenous Labor

Alexey Kushnir, Alexander Tarasov and Robertas Zubrickas

8359: Are Personality Traits Really Fixed and Does It Matter?

Steven Stillman and Malathi Velamuri

8358: Pareto-Improving Tax Reforms and the Earned Income Tax Credit

Felix Bierbrauer, Pierre Boyer and Emanuel Hansen

8357: Moral Hazard in Electoral Teams

Gary W. Cox, Jon Fiva, Daniel M. Smith and Rune J. Sørensen

8356: What Drives Financial Development? A Meta-Regression Analysis

Chris Doucouliagos, Jakob de Haan and Jan-Egbert Sturm

8355: On the Interaction between Minimum Wage Adoption and Fiscal Redistribution: A Theoretical and Empirical Investigation

George Economides, Pantelis Kammas and Thomas Moutos

8354: Environmental Policy in General Equilibrium: New Insights from a Canonical Model

Cloé Garnache and Pierre Mérel

8353: Tasks, Technology, and Factor Prices in the Neoclassical Production Sector

Andreas Irmen

8352: Chinese Aid and Health at the Country and Local Level

John Cruzatti C., Axel Dreher and Johannes Matzat

8351: Protecting Investors in Equity Crowdfunding: An Empirical Analysis of the Small Investor Protection Act

Maximilian Goethner, Lars Hornuf and Tobias Regner

8350: The Nordhaus Test with Many Zeros

Kajal Lahiri and Yongchen Zhao

8349: Inflation in the G7 Countries: Persistence and Structural Breaks

Guglielmo Maria Caporale, Luis Gil-Alana and Carlos Poza

8348: Reservation Wages and Labor Supply

Iris Kesternich, Heiner Schumacher, Bettina Siflinger and Franziska Valder

8347: The Social Cost of Contacts: Theory and Evidence for the Covid-19 Pandemic in Germany

Martin Quaas, Jasper N. Meya, Hanna Schenk, Björn Bos, Moritz Drupp and Till Requate

8346: Social Capital and the Spread of Covid-19: Insights from European Countries

Alina Kristin Bartscher, Sebastian Seitz, Sebastian Sieglich, Michaela Slotwinski, Nils Wehrhöfer and Sebastian Siegloch

8345: Energy Contagion in the Covid-19 Crisis

Reinhold Heinlein, Gabriella Legrenzi and Scott Mahadeo

8344: Connective Financing - Chinese Infrastructure Projects and the Diffusion of Economic Activity in Developing Countries

Richard Bluhm, Axel Dreher, Andreas Fuchs, Bradley C. Parks, Austin M. Strange and Michael J. Tierney

8343: Heterogeneity in Individual Expectations, Sentiment, and Constant-Gain Learning

Stephen Cole and Fabio Milani

8342: Tractable Epidemiological Models for Economic Analysis

Martin Gonzalez-Eiras and Dirk Niepelt

8341: Decisions and Performance Under Bounded Rationality: A Computational Benchmarking Approach

Dainis Zegners, Uwe Sunde and Anthony Strittmatter

8340: Demand for Covid-19 Antibody Testing, and Why It Should Be Free

Marta Serra-Garcia and Nora Szech

8339: Are Sustainability-Oriented Investors Different? Evidence from Equity Crowdfunding

Lars Hornuf, Eliza Stenzhorn and Tim Vintis

8338: Lockdown Strategies, Mobility Patterns and Covid-19

Nikos Askitas, Konstantinos Tatsiramos and Bertrand Verheyden

8337: Why Do Buyers Pay Different Prices for Comparable Products? Evidence from the Housing Market

Ralph Siebert and Michael J. Seiler

8336: The Role of Sentiment in the Economy: 1920 to 1934

Ali Kabiri, Harold James, John Landon-Lane, David Tuckett and Rickard Nyman

8335: Closed-Form Solutions for Optimal Social Distancing in a SIR Model of Covid-19 Suppression

Reyer Gerlagh

8334: Inside the Mind of a Stock Market Crash

Stefano Giglio, Matteo Maggiori, Johannes Stroebel and Stephen Utkus

8333: Early Effects of the Covid-19 Pandemic on Housing Market in the United States

Barış Yörük

8332: A Quantitative Model of the Oil Tanker Market in the Arabian Gulf

Lutz Kilian, Nikos Nomikos and Xiaoqing Zhou

8331: Interpreting OLS Estimands When Treatment Effects Are Heterogeneous: Smaller Groups Get Larger Weights

Tymon Słoczyński

8330: Do Generous Parental Leave Policies Help Top Female Earners?

Gozde Corekcioglu, Marco Francesconi and Astrid Kunze

8329: Management Practices, Worker Commitment, and Workplace Representation

John Addison and Paulino Teixeira

8328: Where Have All the Working Papers Gone? Evidence from Four Major Economics Working Paper Series

Alexandra Baumann and Klaus Wohlrabe

8327: The Impacts of Covid-19 on Minority Unemployment: First Evidence from April 2020 CPS Microdata

Kenneth Couch, Robert Fairlie and Huanan Xu

8326: Social Media and the Dynamics of Protests

Pierre Boyer, Thomas Delemotte, Germain Gauthier, Vincent Rollet and Benoit Schmutz

8325: One Foe, So Many Fights. Making Sense of Covid-19 Policies

Hubert Kempf

8324: Cyber Attacks, Spillovers and Contagion in the Cryptocurrency Markets

Guglielmo Maria Caporale, Woo-Young Kang, Fabio Spagnolo and Nicola Spagnolo

8323: Institutions, Opportunism and Prosocial Behavior: Some Experimental Evidence

Antonio Cabrales, Irma Clots-Figueras, Roberto Hernán-González and Praveen Kujal

8322: Flexible Contract, Flexible Morale? Microcredit Design and Repayment Discipline

Kristina Czura, Anett John and Lisa Spantig

8321: Designing the Policy Mix in a Monetary Union

Hubert Kempf

8320: Global Comparatives Statics in General Equilibrium: Model Building from Theoretical Foundations

James Markusen

8319: Oil Wealth and Property Rights

Indra de Soysa, Tim Krieger and Daniel Meierrieks

8318: Structural Unemployment, Underemployment, and Secular Stagnation

Ken-ichi Hashimoto, Yoshiyasu Ono and Matthias Schlegl

8317: Political Stability and Economic Prosperity: Are Coups Bad for Growth?

Johannes Blum and Klaus Gründler

8316: An Economic Model of the Covid-19 Epidemic: The Importance of Testing and Age-Specific Policies

Luiz Brotherhood, Philipp Kircher, Cezar Santos and Michele Tertilt

8315: Globalization and Outbreak of Covid-19: An Empirical Analysis

Mohammad Reza Farzanegan, Mehdi Feizi and Hassan Gholipour Fereidouni

8314: The Socio-Economics of Pandemics Policy

Dennis J. Snower

8313: Global Evidence on the Determinants of Public Trust in Governments during the Covid-19

Giray Gözgör

8312: How Did the 2003 SARS Epidemic Shape Chinese Trade?

Ana Fernandes and Heiwai Tang

8311: Dynamic Effects of Licensing and Knowledge Transfer across Research Stages: Evidence from the Pharmaceutical Industry

Zhili Tian and Ralph Siebert

8310: The Determinants and Effects of Social Connectedness in Europe

Michael Bailey, Theresa Kuchler, Dominic Russel, Bogdan State and Johannes Stroebel

8309: Covid-19 Crisis Fuels Hostility against Foreigners

Vojtěch Bartoš, Michal Bauer, Jana Cahlikova and Julie Chytilová

8308: Self-Assessment: The Role of the Social Environment

Armin Falk, Fabian Kosse, Hannah Schildberg-Hörisch and Florian Zimmermann

8307: Market for Information and Selling Mechanisms

David Bounie, Antoine Dubus and Patrick Waelbroeck

8306: Cloud Computing and Firm Growth

Timothy DeStefano, Richard Kneller and Jonathan Timmis

8305: Fiscal Rules: Historical, Modern, and Sub-National Growth Effects

Klaus Gründler and Niklas Potrafke

8304: Firm-Level Expectations and Behavior in Response to the Covid-19 Crisis

Lukas Buchheim, Jonas Dovern, Carla Krolage and Sebastian Link

8303: Dynamic Mergers Effects on R&D Investments and Drug Development across Research Phases in the Pharmaceutical Industry

Ralph Siebert and Zhili Tian

8302: Jane Beats Them All: Price Formation and Financial Returns to Investing in Rare Books

Heinrich Ursprung

8301: O Brother, Where Start Thou? Sibling Spillovers on College and Major Choice in Four Countries

Adam Altmejd, Andres Barrios-Fernández, Marin Drlje, Joshua Goodman, Michael Hurwitz, Dejan Kovac, Christine Mulhern, Christopher Neilson and Jonathan Smith

8300: 'More than One Red Herring'? Heterogeneous Effects of Ageing on Healthcare Utilisation

Joan Costa-i-Font and Cristina Vilaplana-Prieto

8299: Recruitment Policies, Job-Filling Rates and Matching Efficiency

Carlos Carrillo-Tudela, Hermann Gartner and Leo Kaas

8298: The Tradeoff between Indirect Network Effects and Product Differentiation in a Decarbonized Transport Market

Gøril L. Andreassen and Knut Einar Rosendahl

8297: Priority of Unemployed Immigrants? A Causal Machine Learning Evaluation of Training in Belgium

Bart Cockx, Michael Lechner and Joost Bollens

8296: Election Systems, the "Beauty Premium" in Politics, and the Beauty of Dissent

Niklas Potrafke, Marcus Rösch and Heinrich Ursprung

8295: The (Structural) Gravity of Epidemics

Alejandro Cunat and Robert Zymek

8294: Supply Chain Reliability and International Economic Growth: Impacts of Disruptions like Covid-19

Rajeev Goel, James W. Saunoris and Srishti S. Goel

8293: Policy Implications of Models of the Spread of Coronavirus: Perspectives and Opportunities for Economists

Christopher Avery, William Bossert, Adam Thomas Clark, Glenn Ellison and Sara Ellison

8292: The Cost of the Covid-19 Crisis: Lockdowns, Macroeconomic Expectations, and Consumer Spending

Olivier Coibion, Yuriy Gorodnichenko, Michael Weber and Michael Weber

8291: The Forecasting Power of the ifo Business Survey

Robert Lehmann

8290: Optimal Epidemic Suppression under an ICU Constraint

Laurent Miclo, Daniel Spiro and Jörgen Weibull

8289: Economic Policy Uncertainty: Persistence and Cross-Country Linkages

Emmanuel Abakah, Guglielmo Maria Caporale and Luis Gil-Alana

8288: Unemployment and Endogenous Reallocation over the Business Cycle

Carlos Carrillo-Tudela and Ludo Visschers

8287: Currency Portfolio of External Debt, Exchange Rate Cyclicality, and Consumption Volatility

Eiji Fujii

8286: More Choice for Men? Marriage Patterns after World War II in Italy

Erich Battistin, Sascha Becker and Luca Nunziata

8285: Belief-Dependent Motivations and Psychological Game Theory

Pierpaolo Battigalli and Martin Dufwenberg

8284: Is There News in Inventories?

Christoph Görtz, Christopher Gunn and Thomas A. Lubik

8283: The Conservation Multiplier

Bård Harstad

8282: Energy Markets and Global Economic Conditions

Christiane Baumeister, Dimitris Korobilis and Thomas K. Lee

8281: What Determines the Capital Share over the Long Run of History?

Erik Bengtsson, Enrico Rubolino and Daniel Waldenström

8280: The Global Effects of Covid-19-Induced Uncertainty

Giovanni Caggiano, Efrem Castelnuovo and Richard Kima

8279: Modernizing the European VAT

Sijbren Cnossen

8278: The Fiscal Theory of the Price Level with a Bubble

Markus Brunnermeier, Sebastian Merkel and Yuliy Sannikov

8277: Prussia Disaggregated: The Demography of Its Universe of Localities in 1871

Sascha Becker and Francesco Cinnirella

8276: The Usual Suspects: Does Risk Tolerance, Altruism, and Health Predict the Response to Covid-19?

Ketki Sheth and Greg Wright

8275: Do Multinational Firms Use Tax Havens to the Detriment of Other Countries?

Dhammika Dharmapala

8274: US Sea Level Data: Time Trends and Persistence

Guglielmo Maria Caporale, Luis Gil-Alana and Laura Sauci

8273: Modigliani Meets Minsky: Inequality, Debt, and Financial Fragility in America, 1950-2016

Alina K. Bartscher, Moritz Kuhn, Moritz Schularick and Ulrike I. Steins

8272: Optimal Policy under Dollar Pricing

Konstantin Egorov and Dmitry Mukhin

8271: Selling Dreams: Endogenous Optimism in Lending Markets

Luc Bridet and Peter Schwardmann

8270: Determinants of Global Value Chain Participation: Cross-Country Evidence

Ana Fernandes, Hiau Looi Kee and Deborah Winkler

8269: Pricing Pollution

Torben Mideksa

8268: The Impact of Peer-to-Peer Lending on Small Business Loans

Jin-Hyuk Kim and Frank Stähler

8267: Redistribution with Performance Pay

Pawel Doligalski, Abdoulaye Ndiaye and Nicolas Werquin

8266: Categorical Forecasts and Non-Categorical Loss Functions

Constantin Bürgi and Dorine Boumans

8265: Inequality in the Impact of the Coronavirus Shock: Evidence from Real Time Surveys

Abi Adams-Prassl, Teodora Boneva, Marta Golin and Christopher Rauh

8264: The Dynamics of Outsourcing: From Labor Cost-Saving to Preference-Based Outsourcing

Wan-Jung Cheng, Raymond Riezman and Ping Wang

8263: Contagion of Pro- and Anti-Social Behavior among Peers and the Role of Social Proximity

Eugen Dimant

8262: The Effect of Social Distancing Measures on the Demand for Intensive Care: Evidence on Covid-19 in Scandinavia

Steffen Juranek and Floris Zoutman