CESifo Working Paper Series

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3692: Overvalued: Swedish Monetary Policy in the 1930s

Alexander Rathke, Tobias Straumann and Ulrich Woitek

3691: Ranking Economists on the Basis of Many Indicators: An Alternative Approach Using RePEc Data

Christian Seiler and Klaus Wohlrabe

3690: Trade Openness, Market Competition, and Inflation: Some Sectoral Evidence from OECD Countries

Mahir Binici, Yin-Wong Cheung and Kon S. Lai

3689: Maquiladoras and Informality: A Mixed Blessing

Benedikt Heid, Mario Larch and Alejandro Riaño

3688: China's Outward FDI: An Industry-level Analysis of Host Country Determinants

Alessia Amighini, Roberta Rabellotti and Marco Sanfilippo

3687: Financial Development and Income Inequality: A Panel Data Approach

Sebastian Jauch and Sebastian Watzka

3686: Developing Country Second-Mover Advantage in Competition over Environmental Standards and Taxes

Valeska Groenert and Benjamin Zissimos

3685: Efficient Coordination in Weakest-Link Games

Arno Riedl, Ingrid Rohde and Martin Strobel

3684: Political Economy: Success or Failure?

Bruno Frey

3683: Divided Government versus Incumbency Externality Effect - Quasi-experimental Evidence on Multiple Voting Decisions

Florian Ade and Ronny Freier

3682: The Language Effect in International Trade: A Meta-Analysis

Peter Egger, Andrea Lassmann and Peter H. Egger

3681: CEO Preferences and Acquisitions

Dirk Jenter and Katharina Lewellen

3680: A Theory of Government Procrastination

Taiji Furusawa and Edwin Lai

3679: The Impact of School Lunches on Primary School Enrollment: Evidence from India's Midday Meal Scheme

Rajshri Jayaraman and Dora Simroth

3678: Resource Windfalls, Macroeconmic Stability and Growth: The Role of Political Institutions

Rabah Arezki, Kirk Hamilton and Kazim Kazimov

3677: Media Market Concentration, Advertising Levels, and Ad Prices

Simon Anderson, Øystein Foros, Hans Jarle Kind and Martin Peitz

3676: Journey into the Unknown? Economic Consequences of Factor Market Integration under Increasing Returns to Scale

Andreas Schäfer and Thomas Steger

3675: Scarring Effects of Unemployment

Øivind Nilsen and Katrine Holm Reiso

3674: The Child Adoption Marketplace: Parental Preferences and Adoption Outcomes

Mark Skidmore, Gary Anderson and Mark Eiswerth

3673: Domestic Abuse: Instrumental Violence and Economics Incentives

Dan Anderberg and Helmut Rainer

3672: Spatial Exporters

Fabrice Defever, Benedikt Heid and Mario Larch

3671: How Informative are the Subjective Density Forecasts of Macroeconomists?

Geoff Kenny, Thomas Kostka and Federico Masera

3670: Reforming an Insider-Outsider Labor Market: The Spanish Experience

Samuel Bentolila, Juan Dolado and Juan F Jimeno

3669: Lumpy Countries, Urbanization, and Trade

Steven Brakman, Charles van Marrewijk and Charles van Marrewijk

3668: Property Rights, Optimal Public Enforcement, and Growth

Andreas Irmen and Johanna Kuehnel

3667: Indirect Taxes for Redistribution: Should Necessity Goods be Favored?

Robin Boadway and Pierre Pestieau

3666: What Drives the Global Land Rush?

Rabah Arezki, Klaus Deininger and Harris Selod

3665: Work Norms and the Welfare State

Giacomo Corneo

3664: Time is Running Out: The 2°C Target and Optimal Climate Policies

Yu-Fu Chen, Michael Funke and Nicole Glanemann

3663: The Greek Crisis: Causes and Consequences

Antonio I. Garcia Pascual and Piero Ghezzi

3662: Vignette Equivalence and Response Consistency; The Case of Job Satisfaction

Ada Ferrer-i-Carbonell, Bernard M.S. Van Praag, Ioannis Theodossiou and Bernard M.S. van Praag

3661: Kyoto and Carbon Leakage: An Empirical Analysis of the Carbon Content of Bilateral Trade

Rahel Aichele, Gabriel Felbermayr and Gabriel J. Felbermayr

3660: Monitoring, Sanctions and Front-Loading of Job Search in a Non-Stationary Model

Bart Cockx, Muriel Dejemeppe, Andrey Launov and Bruno Van der Linden

3659: General Equilibrium with Multi-Member Households and Production

Hans Gersbach and Hans Haller

3658: Team or Individual: What Determines Workers' Preferred Bonus Schemes?

Gaute Torsvik

3657: The Economics of Pending Patents

Johannes Koenen and Martin Peitz

3656: Commodity Windfalls, Polarization, and Net Foreign Assets: Panel Data Evidence on the Voracity Effect

Rabah Arezki and Markus Brückner

3655: Household Relational Contracts for Marriage, Fertility and Divorce

Matthias Fahn and Ray Rees

3654: Optimal Income Taxation with Uncertain Earnings: A Synthesis

Robin Boadway and Motohiro Sato

3653: Persistence and Cyclical Dependence in the Monthly Euribor Rate

Guglielmo Maria Caporale and Luis Gil-Alana

3652: The Changing Macroeconomic Response to Stock Market Volatility Shocks

Roel Beetsma and Massimo Giuliodori

3651: The Macroeconomics of TANSTAAFL

Volker Grossmann, Thomas Steger and Timo Trimborn

3650: Euro Area SMEs under Financial Constraints: Belief or Reality?

Concha Artola and Veronique Genre

3649: The Monopolistic Polluter under Environmental Liability Law: Incentives for Abatement and R&D

Alfred Endres and Tim Friehe

3648: Does School Autonomy Make Sense Everywhere? Panel Estimates from PISA

Eric Hanushek, Susanne Link and Ludger Woessmann

3647: The Cash-In-Advance Constraint in Monetary Growth Models

Burkhard Heer and Alfred Maussner

3646: An Economic Theory of Switzerland

Charles Blankart

3645: Sources of Real Exchange Rate Volatility and International Financial Integration: A Dynamic GMM Panel Approach

Guglielmo Maria Caporale, Thouraya Hadj Amor and Christophe Rault

3644: A Characterization of Oil Price Behavior - Evidence from Jump Models

Marc Gronwald

3643: A Probability Approach to Pharmaceutical Demand and Price Setting: Does the Identity of the Third-Party Payer Matters for Prescribing Doctors?

Dag Morten Dalen, Marilena Locatelli, Enrico Sorisio and Steinar Strøm

3642: Revisiting the OLI Paradigm: The Institutions, the State, and China's OFDI

Hao Liang, Bing Ren and Haikun Zhu

3641: Was Bernanke Right? Targeting Asset Prices may not be a Good Idea after all

Tiziana Assenza, Michele Berardi and Domenico Delli Gatti

3640: Risk Sharing in Defined-Contribution Funded Pension Systems

Roel Beetsma and Alessandro Bucciol

3639: Did the Japanese Patient Follow the Doctor's Orders? Mostly no! A Public Choice Analysis of Greenhouse Gas Emissions Trading Schemes in Japan before and after the Earthquake

Sven Rudolph and Friedrich Schneider

3638: A Decade of Editing the European Economic Review

Zvi Eckstein, Esther Gal-Or, Thorvaldur Gylfason, Juergen von Hagen and Gerard Pfann

3637: Worker Characteristics and Wage Differentials: Evidence from a Gift-Exchange Experiment

Florian Englmaier, Sebastian Strasser and Joachim Winter

3636: Should Pensions be Progressive? Yes, at least in Germany!

Hans Fehr, Manuel Kallweit and Fabian Kindermann

3635: Impatience and Uncertainty: Experimental Decisions Predict Adolescents' Field Behavior

Matthias Sutter, Martin Kocher, Daniela Glätzle-Rützler and Stefan Trautmann

3634: A Model of Trade with Ricardian Comparative Advantage and Intra-sectoral Firm Heterogeneity

Haichao Fan, Edwin Lai and Han Steffan Qi

3633: The Welfare Effects of Health-based Food Tax Policy

Kaisa Kotakorpi, Tommi Härkänen, Pirjo Pietinen, Heli Reinivuo, Ilpo Suoniemi and Jukka Pirttilä

3632: Evaluating Real World Income Distributions behind the Veil of Ignorance - How Risk Averse do you have to be to Prefer Europe over the US?

Alfons J. Weichenrieder, Tasneem Zafar and Alfons Weichenrieder

3631: Why Foreign Ownership May be Good for You

Hartmut Egger and Udo Kreickemeier

3630: Pollution, Shadow Economy and Corruption: Theory and Evidence

Amit K. Biswas, Mohammad Reza Farzanegan and Marcel Thum

3629: Sports and Child Development

Christina Felfe, Michael Lechner and Andreas Steinmayr

3628: Reducing Tariffs according to WTO Accession Rules: The Case of Vietnam

Henrik Barslund Fosse and Pascalis Raimondos

3627: Taxing Expats. Instrumental versus Expressive Voting Compared

Charles Blankart and Simon Margraf

3626: Structural Change, Urban Congestion, and the End of Growth

Volker Grossmann

3625: Labor Demand During the Crisis: What Happened in Germany?

Olga Bohachova, Bernhard Boockmann and Claudia Buch

3624: Genetic Contamination of Traditional Products

E. Kwan Choi

3623: Tacit Collusion under Imperfect Monitoring in the Canadian Manufacturing Industry: An Empirical Study

Marcelo Resende and Rodrigo Zeidan

3622: Spatial Inequality and Development - Is there an Inverted-U Relationship?

Christian Lessmann

3621: Are Stock and Housing Returns Complements or Substitutes? Evidence from OECD Countries

Guglielmo Maria Caporale and Ricardo Sousa

3620: A Journey from a Corruption Port to a Tax Haven

Shafik Hebous and Vilen Lipatov

3619: Commodity Price Volatility, Democracy and Economic Growth

Rabah Arezki and Thorvaldur Gylfason

3618: How Trade Unions Increase Welfare

Alejandro Donado and Klaus Wälde

3617: Do Mobile Pensioners Threaten the Deferred Taxation of Savings?

Volker Meier and Andreas Wagener

3616: Gravity Redux: Measuring International Trade Costs with Panel Data

Dennis Novy

3615: The Influence of Chinese Trade Policy on Automobile Assembly and Parts

Deborah Swenson

3614: General Education, Vocational Education, and Labor-Market Outcomes over the Life-Cycle

Eric Hanushek, Ludger Woessmann and Lei Zhang

3613: Knowledge is Power - A Theory of Information, Income, and Welfare Spending

Jo Lind and Dominic Rohner

3612: Free-Riding in the Lab and in the Field

Florian Englmaier and Georg Gebhardt

3611: Product and Labor Market Deregulation in Unionized Oligopoly with Asymmetric Countries

Hartmut Egger and Frode Meland

3610: The Signalling Channel of Central Bank Interventions: Modelling the Yen / US Dollar Exchange Rate

Yu-Fu Chen, Michael Funke and Nicole Glanemann

3609: Business Cycle Effects of Credit and Technology Shocks in a DSGE Model with Firm Defaults

Mohammad Pesaran and TengTeng Xu

3608: Depletion and Development: Natural Resource Supply with Endogenous Field Opening

Anthony Venables

3607: Reciprocity, World Prices and Welfare

Pascalis Raimondos and Alan Woodland

3606: Public Funding of Higher Education

Jean-Marie Viaene and Itzhak Zilcha

3605: Pension-Induced Rigidities in the Labor Market for School Leaders

Cory Koedel, Jason A. Grissom, Shawn Ni and Michael Podgursky

3604: Sovereign Defaults: The Price of Haircuts

Juan J. Cruces and Christoph Trebesch

3603: Landownership Concentration and the Expansion of Education

Francesco Cinnirella and Erik Hornung

3602: Monthly GDP Estimates for Inter-War Britain

James Mitchell, Solomos Solomou and Martin Weale

3601: Consumption, Wealth, Stock and Housing Returns: Evidence from Emerging Markets

Guglielmo Maria Caporale and Ricardo Sousa

3600: The Distributional Consequences of Tax Reforms under Market Distortions

Konstantinos Angelopoulos, Wei Jiang and Jim Malley

3599: How Far Away is an Intangible? Services FDI and Distance

Ronald Davies and Amélie Guillin

3598: Modeling Two Macro Policy Instruments - Interest Rates and Aggregate Capital Requirements

Hans Gersbach and Volker Hahn

3597: Capacity Constraining Labor Market Frictions in a Global Economy

Christian Holzner and Mario Larch

3596: Tax Rate and Tax Base Competition for Foreign Direct Investment

Peter Egger and Horst Raff

3595: Firms' Moral Hazard in Sickness Absences

René Böheim and Thomas Leoni

3594: Debt Sustainability and Financial Crises: Evidence from the GIIPS

Gabriella Legrenzi and Costas Milas

3593: Airline Alliances, Carve-Outs and Collusion

Jan Brueckner and Pierre Picard