CESifo Working Paper Series

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5757: Political Dynasties and the Incumbency Advantage in Party-Centered Environments

Jon Fiva and Daniel M. Smith

5756: "Now that you mention it": A Survey Experiment on Information, Salience and Online Privacy

Helia Marreiros, Mirco Tonin, Michael Vlassopoulos and M.C. Schraefel

5755: Understanding the Decline in the Price of Oil since June 2014

Christiane Baumeister and Lutz Kilian

5754: Adverse Effects of Ultra-Loose Monetary Policies on Investment, Growth and Income Distribution

Andreas Hoffmann and Gunther Schnabl

5753: On Estimating the Size of the Shadow Economy

Gebhard Kirchgässner

5752: The Duverger-Demsetz Perspective on Electoral Competitiveness and Fragmentation: With Application to the Canadian Parliamentary System, 1867-2011

J. Stephen Ferris, Stanley Winer and Bernard Grofman

5751: The Impact of the Fracking Boom on Arab Oil Producers

Lutz Kilian

5750: Voluntary Disclosure Schemes for Offshore Tax Evasion: An Analysis

Matthew Gould and Matthew Rablen

5749: Reforming the EU Energy Tax Directive: Assessing the Options

Ian Parry and Herman R.J. Vollebergh

5748: Macro News and Exchange Rates in the BRICS

Guglielmo Maria Caporale, Fabio Spagnolo and Nicola Spagnolo

5747: Bread and Bullets

George Akerlof and Dennis Snower

5746: Joint Confidence Sets for Structural Impulse Responses

Atsushi Inoue and Lutz Kilian

5745: Dollarization of Deposits in the Short and Long Run: Evidence from CESE Countries

Branko Uroševic and Ivana Rajkovic

5744: The Many Faces of Human Sociality: Uncovering the Distribution and Stability of Social Preferences

Adrian Bruhin, Ernst Fehr and Daniel Schunk

5743: The Role of Oil Price Shocks in Causing U.S. Recessions

Lutz Kilian and Robert Vigfusson

5742: Urbanization and Economic Development: A Tale of Two Barriers

Eric Bond, Raymond Riezman and Ping Wang

5741: A Signaling Model of University Selection

Ivan Anic, Vladimir Bozin and Branko Uroševic

5740: Pro-poor Price Trends and Inequality - The Case of India

Ingvild Almås and Anders Kjelsrud

5739: What Forces Dictate the Design of Pollution Monitoring Networks?

Nicholas Muller and Paul Ruud

5738: Taxing Away M&A: The Effect of Corporate Capital Gains Taxes on Acquisition Activity

Lars Feld, Martin Ruf, Ulrich Schreiber, Maximilian Todtenhaupt and Johannes Voget

5737: Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015

Carmen Reinhart, Vincent Reinhart and Christoph Trebesch

5736: China's Bilateral Currency Swap Lines

Zhitao Lin, Zhan Wenjie and Yin-Wong Cheung

5735: Did Chinese Outward Activity Attenuate or Aggravate the Great Recession in Developing Countries?

Bastian Gawellek, Jingjing Lyu and Bernd Süssmuth

5734: Subsidizing Health-Conscious Behavior Now or Later

Kamila Danilowicz-Gösele and Robert Schwager

5733: Personality Traits and the Evaluation of Start-Up Subsidies

Marco Caliendo, Steffen Künn and Martin Weißenberger

5732: Pleasures of Skill and Moral Conduct

Armin Falk and Nora Szech

5731: Mean Univariate-GARCH VaR Portfolio Optimization: Actual Portfolio Approach

Vladimir Rankovic, Mikica Drenovak, Branko Uroševic and Ranko Jelic

5730: Impulse Response Matching Estimators for DSGE Models

Pablo Guerron, Atsushi Inoue and Lutz Kilian

5729: The Political Economy of Mitigation and Adaptation

Wolfgang Habla and Kerstin Roeder

5728: Incumbents' Performance and Political Polarization

Marina Dodlova and Galina Zudenkova

5727: Modelling the Egyptian Shadow Economy: A Currency Demand and A MIMIC Model Approach

Mai Hassan and Friedrich Schneider

5726: Taking the Temperature: A Meta-Ranking of Economics Journals

Klaus Wohlrabe

5725: Unraveling Firms: Demand, Productivity and Markups Heterogeneity

Emanuele Forlani, Ralf Martin, Giordano Mion and Mirabelle Muls

5724: Learning and the Value of Relationships in International Trade

Ryan Monarch and Tim Schmidt-Eisenlohr

5723: The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Prices

Lutz Kilian

5722: The Gender Wage Gap: Extent, Trends, and Explanations

Francine Blau and Lawrence Kahn

5721: Second-Best Renewable Subsidies to De-Carbonize the Economy: Commitment and the Green Paradox

Armon Rezai and Frederick (Rick) van der Ploeg

5720: Returns to ICT Skills

Oliver Falck, Alexandra Heimisch-Röcker and Simon Wiederhold

5719: Mincer Earnings Functions for the Netherlands 1962-2012

Joop Hartog and Sander Gerritsen

5718: Student Loans: When is Risk Sharing Desirable?

Bernhard Eckwert and Itzhak Zilcha

5717: The Exploitation Hypothesis in a Public Good Economy: Some Extensions

Wolfgang Buchholz and Todd Sandler

5716: Islamic Banking, Credit and Economic Growth: Some Empirical Evidence

Guglielmo Maria Caporale and Mohamad Husam Helmi

5715: Taxing Pensions of an Internationally Mobile Labor Force: Portability Issues and Taxation Options

Robert Holzmann

5714: Aging, Taxes and Pensions in Switzerland

Christian Keuschnigg

5713: Accelerated Depreciation, Default Risk and Investment Decisions

Paolo Panteghini and Sergio Vergalli

5712: The Quantitative View of Myerson Regularity

Nikolaus Schweizer and Nora Szech

5711: Optimal Energy Taxation in Cities

Rainald Borck and Jan Brueckner

5710: Strategic Technology Policy as a Supplement to Renewable Energy Standards

Carolyn Fischer, Mads Greaker and Knut Einar Rosendahl

5709: Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us

Christiane Baumeister and Lutz Kilian

5708: Self-Enforcing Agreements under Unequal Nationally Determined Contributions

Emilson C.D. Silva

5707: Law Enforcement, Municipal Budgets and Spillover Effects: Evidence from a Quasi-Experiment in Italy

Sergio Galletta

5706: Safeguarding Quality of Higher Education in the Netherlands: Closing the Gap between Policy and Research

Joop Hartog

5705: Home Ownership and Household Portfolio Choice

Thomas Michielsen, Remco Mocking and Sander Veldhuizen

5704: Implicit Preferences Inferred from Choice

Tom Cunningham and Jonathan de Quidt

5703: What's Left for the WTO?

Chad Bown

5702: The Taxation of Internationally Portable Pensions: Fiscal Issues and Policy Options

Bernd Genser and Robert Holzmann

5701: Price Changes - Stickiness and Internal Coordination in Multiproduct Firms

Wilko Letterie and Øivind Nilsen

5700: Immediate Manager Gender and Female Wages - The Importance of Manager Position

Karin Halldén, Jenny Säve-Söderbergh and Asa Rosen

5699: Express Delivery to the Suburbs. The Effect of Transportation in Europe's Heterogeneous Cities

Miquel-Àngel Garcia-López, Ilias Pasidis and Elisabet Viladecans-Marsal

5698: Cooperation on Climate-Change Mitigation

Charles Mason, Stephen Polasky and Nori Tarui

5697: Policy and Politics: Trade Adjustment Assistance in the Crossfire

Christopher Laincz, Xenia Matschke and Yoto Yotov

5696: Debt Brakes in the German States: Governments' Rhetoric and Actions

Niklas Potrafke, Marina Riem and Christoph Schinke

5695: Working Time Reductions at the End of the Career. Do they Prolong the Time Spent in Employment?

Andrea Albanese, Bart Cockx and Yannick Thuy

5694: Market Interaction and Efficient Cooperation

Jordi Brandts and Arno Riedl

5693: Let the Voters Choose Women

Audinga Baltrunaite, Alessandra Casarico, Paola Profeta and Giulia Savio

5692: Upward Pricing Pressure of Mergers Weakening Vertical Relationships

Gregor Langus and Vilen Lipatov

5691: The Decline in the Nutritional Status of the U.S. Antebellum Population at the Onset of Modern Economic Growth

Brian A'Hearn and John Komlos

5690: France’s Almost Public Private Schools

Giuseppe Bertola

5689: Social Security Transfers and the Marginal Cost of Public Funds

Geir Bjertnaes

5688: Tax Competition with Heterogeneous Capital Mobility

Steeve Mongrain and John D. Wilson

5687: Probable Oil and Gas Reserves and Shareholder Returns: The Impact of Shale Gas

Bård Misund and Petter Osmundsen

5686: Looking into the Black Box of Boosting: The Case of Germany

Robert Lehmann and Klaus Wohlrabe

5685: Bargaining under Time Pressure

Emin Karagözoğlu and Martin Kocher

5684: A Note on Partial Merchant Internalization and MIT Threshold

Vilen Lipatov

5683: Compliance Costs, Corruption and the Differentiation of Bureaucratic Services

André Seidel

5682: Transparency in Parliamentary Voting

Christine Benesch, Monika Bütler and Katharina E. Hofer

5681: Political Capitalism: The Interaction between Income Inequality, Economic Freedom and Democracy

Tim Krieger and Daniel Meierrieks

5680: Immigration, Attitudes and the Rise of the Political Right: The Role of Cultural and Economic Concerns over Immigration

Lewis S. Davis and Sumit Deole

5679: Modeling the Effects of Grade Retention in High School

Stijn Baert, Bart Cockx and Matteo Picchio

5678: Productivity and Organization in Portuguese Firms

Lorenzo Caliendo, Giordano Mion, Luca David Opromolla and Esteban Rossi-Hansberg

5677: Greece's Three-Act Tragedy: A Simple Model of Grexit vs. Staying Afloat inside the Single Currency Area

Yu-Fu Chen and Michael Funke

5676: The Political Economy of Municipal Amalgamation - Evidence of Common Pool Effects and Local Public Debt

Benedikt Fritz and Lars Feld

5675: Spatial and Social Mobility

Rainald Borck and Matthias Wrede

5674: Cost- and Price Dynamics of Solar PV Modules

Stefan J. Reichelstein and Anshuman Sahoo

5673: The International Monetary Fund: 70 Years of Reinvention

Carmen Reinhart and Christoph Trebesch

5672: Private versus Social Incentives for Pharmaceutical Innovation

Paula González, Ines Macho-Stadler and David Perez-Castrillo

5671: International Trade in General Oligopolistic Equilibrium

J. Peter Neary

5670: The Rule of Law: Measurement and Deep Roots

Jerg Gutmann and Stefan Voigt

5669: Financial Markets, Banks' Cost of Funding, and Firms' Decisions: Lessons from Two Crises

Pierluigi Balduzzi, Emanuele Brancati and Fabio Schiantarelli

5668: China's Gains from WTO Accession: Imports versus Exports

Ting-Wei Lai, Raymond Riezman and Ping Wang

5667: Old Before their Time: The Role of Employers in Retirement Decisions

Piera Bello and Vincenzo Galasso

5666: "Buy-It-Now" or "Sell-It-Now" Auctions: Effects of Changing Bargaining Power in Sequential Trading Mechanisms

Tim Grebe, Radosveta Ivanova-Stenzel and Sabine Kröger

5665: Natural Disasters, Government Spending, and the Fiscal Multiplier

Jan Fidrmuc, Sugata Ghosh and Weonho Yang

5664: The Selection Effect and the Inflation-Output Variability Trade-off

Engin Kara

5663: Regulation in Swiss Cantons: Data for one Century

Simon Luechinger and Mark Schelker

5662: Economic Gains for U.S. States from Educational Reform

Eric A. Hanushek, Jens Ruhose and Ludger Woessmann

5661: The Effect of Regulatory Harmonization on Cross-border Labor Migration: Evidence from the Accounting Profession

Matthew J. Bloomfield, Ulf Brüggemann, Hans B. Christensen and Christian Leuz

5660: How Should Pensions be Taxed? Theoretical Considerations and the Scandinavian Experience

Torben M. Andersen

5659: National Happiness and Genetic Distance: A Cautious Exploration

Eugenio Proto and Andrew Oswald

5658: The Commitment Value of Prefunded Pensions

Jean-Denis Garon