CESifo Working Paper Series

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2591: The Role of the Log Transformation in Forecasting Economic Variables

Helmut Lütkepohl and Fang Xu

2590: How to Avoid a Pension Crisis: A Question of Intelligent System Design

Alessandro Cigno

2589: Should Utility-Reducing Media Advertising be Taxed?

Hans Jarle Kind, Marko Köthenbürger and Guttorm Schjelderup

2588: Voting on Labour-Market Integration and Education Policy when Citizens Differ in Mobility and Ability

Alexander Haupt and Silke Uebelmesser

2587: China's Current Account and Exchange Rate

Yin-Wong Cheung, Menzie Chinn and Eiji Fujii

2586: Taxing Education in Ramsey's Tradition

Wolfram Richter

2585: Reference Points and Effort Provision

Johannes Abeler, Armin Falk, Lorenz Götte and David Huffman

2584: Trends in Monetary Policy Transparency

Petra Geraats

2583: Indirect Taxation in Vertical Oligopoly

Martin Peitz and Markus Reisinger

2582: Induced Civic Pride and Integration

Bernd Süssmuth, Malte Heyne and Wolfgang Maennig

2581: Bootstrap Panel Granger-Causality between Government Budget and External Deficits for the EU

Antonio Afonso and Christophe Rault

2580: Selectivity, Market Timing and the Morningstar Star-Rating System

Antonios Antypas, Guglielmo Maria Caporale, Nikolaos Kourogenis and Nikitas Pittis

2579: EU-Type Carbon Emissions Trade and the Distributional Impact of Overlapping Emissions Taxes

Thomas Eichner and Rüdiger Pethig

2578: Female Labor Supply and Parental Leave Benefits - The Causal Effect of Paying Higher Transfers for a Shorter Period of Time

Annette Bergemann and Regina Riphahn

2577: Real Estate Prices and the Importance of Bequest Taxation

Giorgio Bellettini and Filippo Taddei

2576: The Price of Liquidity: Bank Characteristics and Market Conditions

Falko Fecht, Kjell Nyborg and Jörg Rocholl

2575: The Effects of Monetary Policy on Unemployment Dynamics under Model Uncertainty - Evidence from the US and the Euro Area

Carlo Altavilla and Matteo Ciccarelli

2574: Agency and Communication in IMF Conditional Lending: Theory and Empirical Evidence

Silvia Marchesi, Laura Sabani and Axel Dreher

2573: Opium for the Masses? Conflict-Induced Narcotics Production in Afghanistan

Jo Lind, Karl Ove Moene and Fredrik Willumsen

2572: Reforming Pensions in Europe: Economic Fundamentals and Political Factors

Ondrej Schneider

2571: Harnessing Windfall Revenues: Optimal Policies for Resource-Rich Developing Economies

Frederick (Rick) van der Ploeg and Anthony Venables

2570: Active Labor Market Policy Evaluations: A Meta-analysis

David Card, Jochen Kluve and Andrea Weber

2569: Are Short-Lived Jobs Stepping Stones to Long-Lasting Jobs?

Bart Cockx and Matteo Picchio

2568: The Behavioural Zloty/Euro Equilibrium Exchange Rate

Joanna Bęza-Bojanowska and Ronald MacDonald

2567: Endogenous Differential Mortality, Non-Contractible Effort and Non Linear Taxation

Marie-Louise Leroux

2566: On the Arbitrariness of Consumption

John Whalley and Shunming Zhang

2565: Optimal Piecewise Linear Income Taxation

Patricia Apps, Ngo Long and Ray Rees

2564: Offshoring along the Production Chain

Philipp Harms, Oliver Lorz and Dieter Urban

2563: Demographic, Residential, and Socioeconomic Effects on the Distribution of 19th Century US White Statures

Scott A. Carson

2562: The Economics of a Multilateral Investment Agreement

Jiahua Che and Gerald Willmann

2561: Taxation, Corruption and the Exchange Rate Regime

Carsten Hefeker

2560: Political Competition between Differentiated Candidates

Stefan Krasa and Mattias K Polborn

2559: Budgetary and External Imbalances Relationship: A Panel Data Diagnostic

Antonio Afonso and Christophe Rault

2558: Tax Interactions among Belgian Municipalities: Does Language Matter?

Marcel Gerard, Hubert Jayet and Sonia Paty

2557: Corporate Taxation and the Welfare State

Christian Keuschnigg

2556: Estimation of Higher-Order Spatial Autoregressive Panel Data Error Component Models

Harald Badinger and Peter Egger

2555: The Role of Mobility in Tax and Subsidy Competition

Alexander Haupt and Tim Krieger

2554: Wage Rigidity, Institutions, and Inflation

Steinar Holden and Fredrik Wulfsberg

2553: Political Persistence, Connections and Economic Growth

Giorgio Bellettini, Carlotta Berti Ceroni and Giovanni Prarolo

2552: Vacancy Referrals, Job Search, and the Duration of Unemployment: A Randomized Experiment

Per Engström, Patrik Hesselius and Bertil Holmlund

2551: Surviving the Titanic Disaster: Economic, Natural and Social Determinants

Bruno Frey, David Savage and Benno Torgler

2550: Asymmetric and Non-Linear Adjustments in Local Fiscal Policy

Gabriella Legrenzi

2549: Deterrence through Word of Mouth

Johannes Rincke and Christian Traxler

2548: Money Matters - Evidence from a Large-Scale Randomized Field Experiment with Vouchers for Adult Training

Dolores Messer and Stefan Wolter

2547: Airline Emission Charges: Effects on Airfares, Service Quality, and Aircraft Design

Jan Brueckner and Anming Zhang

2546: Economic and Political Determinants of Budget Deficits in the European Union: A Dynamic Random Coefficient Approach

Ali Bayar and Bram Smeets

2545: Volatility Spillovers and Contagion from Mature to Emerging Stock Markets

John Beirne, Guglielmo Maria Caporale, Marianne Schulze-Ghattas and Nicola Spagnolo

2544: Consumption Risk Sharing over the Business Cycle: the Role of Small Firms' Access to Credit Markets

Mathias Hoffmann and Iryna Shcherbakova

2543: Variable Selection and Inference for Multi-period Forecasting Problems

Mohammad Pesaran, Andreas Pick and Allan Timmermann

2542: Carbon Leakage, the Green Paradox and Perfect Future Markets

Thomas Eichner and Rüdiger Pethig

2541: Age at School Entry and Intergenerational Educational Mobility

Philipp Bauer and Regina Riphahn

2540: FDI and Taxation: A Meta-Study

Lars Feld and Jost Heckemeyer

2539: Application of Stochastic Optimal Control to Financial Market Debt Crises

Jerome Stein

2538: Optimal Provision of Public Goods: A Synthesis

Claus Kreiner and Nicolaj Verdelin

2537: Chinese Experience with Global G3 Standard-Setting

John Whalley, Weimin Zhou and Xiaopeng An

2536: Antidumping as Strategic Trade Policy Under Asymmetric Information

Xenia Matschke and Anja Schöttner

2535: What Drives Corporate Tax Rates Down? A Reassessment of Globalization, Tax Competition, and Dynamic Adjustment to Shocks

Michael Overesch and Johannes Rincke

2534: Strategic Interactions between Fiscal and Monetary Authorities in a Multi-Country New-Keynesian Model of a Monetary Union

Tomasz Michalak, Jacob Engwerda and Joseph Plasmans

2533: The Role of Profit Sharing in a Dual Labour Market with Flexible Outsourcing

Erkki Koskela and Jan König

2532: Common Trends and Common Cycles among Interest Rates of the G7-Countries

Nannette Lindenberg and Frank Westermann

2531: Academics Appreciate Awards - A New Aspect of Incentives in Research

Bruno Frey and Susanne Neckermann

2530: Neutral Taxation of Shareholder Income? Corporate Responses to an Announced Dividend Tax

Annette Alstadsæter and Erik Fjaerli

2529: Optimal Taxation of Risky Human Capital

Bas Jacobs, Dirk Schindler and Hongyan Yang

2528: Trade and Geography: Paul Krugman and the 2008 Nobel Prize in Economics

Steven Brakman and Harry Garretsen

2527: Securitization of Mortgage Debt, Asset Prices and International Risk Sharing

Mathias Hoffmann and Thomas Nitschka

2526: Trade Retaliation in a Monetary-Trade Model

John Whalley, Jun Yu and Shunming Zhang

2525: The Stability of Downtown Parking and Traffic Congestion

Richard Arnott and Eren Inci

2524: Do Better Schools Lead to More Growth? Cognitive Skills, Economic Outcomes, and Causation

Eric Hanushek and Ludger Woessmann

2523: Reforming Pensions

Nicholas Barr and Peter Diamond

2522: Electoral Control when Policies are for Sale

Etienne Farvaque and Gael Lagadec

2521: Sustainability and Discounted Utilitarianism in Models of Economic Growth

Geir Asheim and Tapan Mitra

2520: The 2008 Chilean Reform to First-Pillar Pensions

Salvador Valdés

2519: The Determinants of Economic Growth in European Regions

Jesús Crespo-Cuaresma, Gernot Doppelhofer and Martin Feldkircher

2518: 'Large' vs. 'Small' Players: A Closer Look at the Dynamics of Speculative Attacks

Geir Bjønnes, Steinar Holden, Dagfinn Rime and Haakon O. Aa. Solheim

2517: How Low Business Tax Rates Attract Multinational Headquarters: Municipality-Level Evidence from Germany

Sascha Becker, Peter Egger, Valeria Merlo and Sascha O. Becker

2516: The Quantity and Quality of Teachers: A Dynamic Trade-off

Gregory Gilpin and Michael Kaganovich

2515: Awards in Economics - Towards a New Field of Inquiry

Bruno Frey and Susanne Neckermann

2514: The Relevance of Judicial Procedure for Economic Growth

Bernd Hayo and Stefan Voigt

2513: Educational and Wage Risk: Social Insurance vs. Quality of Education

Dirk Schindler and Benjamin Weigert

2512: International Migration, Transfers of Norms and Home Country Fertility

Michel Beine, Frédéric Docquier and Maurice Schiff

2511: The East German Wage Structure after Transition

Robert Orlowski and Regina Riphahn

2510: Welfare Implications of Public Education Spending Rules

Konstantinos Angelopoulos, Jim Malley and Apostolis Philippopoulos

2509: The Demands for Environmental Regulation and for Trade in the Presence of Private Mitigation

Louis Hotte and Stanley Winer

2508: Work Incentives? Ex Post Effects of Unemployment Insurance Sanctions - Evidence from West Germany

Barbara Hofmann

2507: Sequential Estimation of Structural Models with a Fixed Point Constraint

Hiroyuki Kasahara and Katsumi Shimotsu

2506: How do Migrants Choose their Destination Country? An Analysis of Institutional Determinants

Wido Geis-Thöne, Silke Uebelmesser and Martin Werding

2505: Uncertain Bequest Needs and Long-Term Insurance Contracts

Wenan Fei, Claude Fluet and Harris Schlesinger

2504: Cross-Country Income Differences and Technology Diffusion in a Competitive World

Andreas Irmen

2503: International Taxation and Multinational Firm Location Decisions

Salvador Barrios, Harry Huizinga, Luc Laeven, Gaëtan J.A. Nicodème and Gaëtan J.A. Nicodeme

2502: Heterogeneity in Exchange Rate Expectations: Evidence on the Chartist-Fundamentalist Approach

Lukas Menkhoff, Rafael R. Rebitzky and Michael Schröder

2501: Boon or Bane? Others' Unemployment, Well-being and Job Insecurity

Andrew Clark, Andreas Knabe and Steffen Rätzel

2500: Debt Maturity without Commitment

Dirk Niepelt

2499: Fiscal Competition over Taxes and Public Inputs: Theory and Evidence

Sebastian Hauptmeier, Ferdinand Mittermaier and Johannes Rincke

2498: Pension Benefit Insurance and Pension Plan Portfolio Choice

Thomas Crossley and Mario Jametti

2497: Nineteenth Century Black and White US Statures: The Primary Sources of Vitamin D and their Relationship with Height

Scott A. Carson

2496: Gift Exchange in the Workplace: Money or Attention?

Robert Dur

2495: Going NUTS: The Effect of EU Structural Funds on Regional Performance

Sascha Becker, Peter Egger, Maximilian von Ehrlich, Robert Fenge and Sascha O. Becker

2494: Minimum Wages and their Alternatives: A Critical Assessment

Andreas Knabe and Ronnie Schöb

2493: It's the Media, Stupid - How Media Activity Shapes Public Spending

Christian Bruns and Oliver Himmler

2492: Bush Meets Hotelling: Effects of Improved Renewable Energy Technology on Greenhouse Gas Emissions

Michael Hoel