CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

21675: Design of Partial Population Experiments with an Application to Spillovers in Tax Compliance

Guillermo Cruces, Dario Tortarolo and Gonzalo Vazquez-Bare

21674: Assessing the Benefits of Optimized Agentic AI Systems for Asset Pricing

Ralph Koijen and Bradford Levy

21673: Baby Busts and Growth Booms: Demographic Change and the Macroeconomy

Daron Acemoglu, David Autor, Keelan Beirne and Andrew Scott

21672: Capital Taxation, Income Shifting, and Retained Earnings: Evidence from Dividend Tax Reforms

Yonatan Berman and Esteban Klor

21671: Do Not Drain The Swamp! Populism, Bureaucracy and Economic Performance

Massimo Morelli, Dmitrii Petrukhin and Matia Vannoni

21670: Toward a New World Order: Conceiving The New Alignment

Dennis Snower

21669: Employment Stability, Earnings Dynamics, and Life-Cycle Savings

Moritz Kuhn, Leanne Nam and Gasper Ploj

21668: Immigration, Innovation, and the Geography of Growth

Costas Arkolakis, Sun Kyoung Lee and Michael Peters

21667: Climate Targets and Sectoral Risk Premia

Eric Jondeau

21666: Navigating Geopolitical Risk: Evidence from U.S. Mutual Funds

Matteo Crosignani, Lina Han and Marco Macchiavelli

21665: Screening and Segmenting: A Consumer Surplus Perspective

Dirk Bergemann, Tibor Heumann and Michael Wang

21664: Does Increasing Financial Access to Contraception in the U.S. Reduce Unintended Pregnancies? Evidence from the M-CARES Random

Martha Bailey, Emilia Brito, Deniz Gorgulu, Kelsey Figone, Vanessa Wanner Lang, Alexa Prettyman and Vanessa K. Dalton

21663: A missed opportunity? Labor demand and workforce diversity

Anna Bindler, Barbara Boelmann, Lena Janys and Luisa Santiago Wolf

21662: Bank Deposit Pricing in the Euro Area

Ugo Albertazzi, Finn Faber, Alessandro Gavazza, Oana-Maria Georgescu and Ernest Lecomte

21661: How do ransomware groups choose their targets? An empirical analysis

Tyler Moore, Neil Gandal and Dmytro Kashchuk

21660: Promotion through Connections: Favors or Information?

Bramoullé, Yann and Kenan Huremovic

21659: Plastic Dumping Grounds: The International Incidence of Environmental Regulation

Deniz Atalar, Banu Demir and Swati Dhingra

21658: Can AI Replace Human Counselors at Scale? A Nationwide Experiment to Reduce Teacher Shortages

Nicolas Ajzenman, Ana Teresa Del Toro Mijares, Gregory Elacqua, Catalina Hermosilla and Santiago Veleda

21657: Getting There and Getting In: How Mobility and Sorting Keep Women out of Top Startup Accelerators

Chuan Chen, Michele Fioretti, Junnan He and Yanrong Jia

21656: Governance and Management of Autonomous Organizations

Daniel Ferreira and Jin Li

21655: Other people’s votes: The law and economics of proxy advice

Edwin Hu, Nadya Malenko and Jonathon Zytnick

21654: Fragmentation of shareholder power

Andrey Malenko, Nadya Malenko and Anton Tsoy

21653: To Catch a Thief: Endogenous Policing and Choice of Location by Criminals

Siddhartha Bandyopadhyay, Antonio Cabrales and Kaustav Das

21652: Market Power Is Power

Gabriele Gratton and Barton Lee

21651: Does the Import Invasion Explain the Mysterious Disappearance of Productivity Growth in U.S. Manufacturing?

Robert J. Gordon and Kenneth Ryu

21650: How Times Have Changed: The Impact of the 2026 Iran War on the U.S. Economy

Lutz Kilian, Michael Plante and Alexander Richter

21649: Importing Aggregate Demand

Chen Lian, Dmitry Mukhin and Christian Wolf

21648: Refineries, Pipelines and Petroleum Fields - The Impact of Oil on Conflict Around the World

Axel Dreher, Jingke Pan and Maximilian Herrmann

21647: Morals and the Political Economy of Corrective Taxes

Felix Bierbrauer, Mattias Polborn, Marten Ritterrath and Weizsäcker, Georg

21646: New Evidence on the Health-Status Gradient from Imperial China

Wolfgang Keller, Carol Shiue and Karen Eggleston

21645: Pension Income and Post-Retirement Labor Supply

Fabian Kindermann, Carla Krolage, Sebastian Kunz, Manuel Pannier and Ströhlein, Karoline

21644: Housing Search and Liquidity in Spatial Equilibrium

Tuuli Vanhapelto and Thierry Magnac

21643: Consumption responses to rising mortgage rates: Unpacking the cash-flow channel of monetary policy

Asger Lau Andersen, Andreas Jakobsen, Rahbek Jørgensen, Mads and Niels Johannesen

21642: Does Global Financial Transparency Improve Tax Compliance in Developing Countries?

Niels Johannesen, Lauge Larsen and Nadine Riedel

21641: Households’ Macroeconomic Beliefs: The Role of Education

Jessica Piccolo, Alessia Russo, Eleonora Granziera and Efrem Castelnuovo

21640: Monetary and Fiscal Policy when People Have Finite Lives

Roger Farmer and Pawel Zabczyk

21639: Sanctions, Financial Frictions, and the Organization of Conflict

Nicola Limodio and Lucas Mariani

21638: The Economic Costs of Religious Riots in India

Sriya Iyer, Dmitrii Petrukhin and Anand Shrivastava

21637: Platform-Controlled Search and Distortions in Attention Allocation

Xiaoming Cai, Pieter Gautier and Ronald Wolthoff

21636: The Geography of Market Power: Firm Location, Spatial Rents, and Their Social Costs

Marleen Marra and Florian Oswald

21635: The Commission Paradox: Evidence from Prison Telecommunications

Marleen Marra, Nathan Miller and Gretchen Sileo

21634: Trapped at Home: Weather Shocks, Income, and International Migration

Azémar, Céline, Rodolphe Desbordes, Markus Eberhardt and Eric Neumayer

21633: U.S. Monetary Spillovers to Emerging Markets: Both Policy Drivers and Vulnerabilities Matter

Shaghil Ahmed, Ozge Akinci and Albert Queralto

21632: Seemingly Anchored Inflation Expectations

Ulrike M. Malmendier and Stefan Nagel

21631: Anchors Aweigh? The Effect of Communicating Forecast Uncertainty

Michael McMahon, Matthew Naylor, Ryan Rholes and Peter Rickards

21630: Publication Bias and P-Hacking in the Effect of COVID-19 on Learning

Martina Lušková, Nino Buliskeria, Ali Elminejad, Tomas Havranek, Zuzana Irsova, Jurajda, Å tÄ›pán and Marek Kapicka

21629: Optimal Inflation Rate: A Meta-Analysis

Matej Opatrny, Martin Opatrny, Tomas Havranek, Zuzana Irsova and Mojmir Hampl

21628: Competitive Tendering for Renewables and Industrial Decarbonisation

Estelle Cantillon and Giancarlo Spagnolo

21627: From Trade War to Green Transition: Optimal Electric Vehicle Tariffs with Revenue-Funded Subsidies

Panle Barwick, Jack Collison, Pinelopi Koujianou Goldberg, Shanjun Li and Yucheng Wang

21626: Cost of Capital, Concessional Finance and Adaptation Investment

Karl Naumann-Woleske, Andrea Mazzocchetti and Irene Monasterolo

21625: Transmitting Terror: Radio and Repression in Stalin’s Soviet Union

Sultan Mehmood, Yaroslav Prokhorskoy and Hans-Joachim Voth

21624: More Channels, Lower Scores: Entertainment Television and Student Achievement

Andrea Caria, Daniele Checchi, Dimitri Paolini and Paolo Pinotti

21623: Household Behavior Below the Zero Lower Bound

Asger Lau Andersen, Niels Johannesen, Jens Petersen, Sonja Settele and Johannes Wohlfart

21622: Financial Conditions and Green Innovation

Luca Fornaro, Veronica Guerrieri, Will Hotten and Lucrezia Reichlin

21621: The Targets of Geoeconomic Coercion

Christopher Clayton, Matteo Maggiori and Jesse Schreger

21620: Publish Where It Counts: Publication Choices and Review-Panellist Networks

Moshe Hazan

21619: Information Shocks, Attitudes toward Immigrants, and Hate Crime

Jake Bradley, Facundo Albornoz-Crespo, Silvia Sonderegger, Jesus Rodriguez and Devesh Rustagi

21618: Mergers and the Demand for Protectionism

Felix Montag

21617: Labor Force Participation, Wages and Turbulence

Francesc Obiols-Homs and Sánchez-Marcos, Virginia

21616: Unequal Lives, Unequal Benefits: Life Expectancy and Social Security Rules

Fernández-Blanco, Javier and Sánchez-Marcos, Virginia

21615: Who Wins and Who Loses in Prediction Markets? Evidence from Polymarket

Pat Akey, Grégoire, Vincent, Nicolas Harvie and Charles Martineau

21614: Formal Labor Market Dynamics and Development

Anne Brockmeyer, Francois Gerard, Gabriel Ulyssea, Linda Wu, Marcelo Bergolo, Ceni González, Rodrigo, Benard Kirui, Andrea Lopez-Luzuriaga, Leonardo Fabio Morales, Otero-Cortés, Andrea, Nadine Riedel, Tapia, Matías, Tanisa Tawichsri and Verena Wiedemann

21613: Is Income Inequality on the Rise Everywhere?

Facundo Alvaredo, Francois Bourguignon, Francisco Ferreira, Christoph Lakner and Nora Lustig

21612: Explaining the Atomistic versus Ecological Fallacies in SES-Health Gradients

William Parker and Johannes Spinnewijn

21611: An Early Capital Taxation Principle

Gaetano Bloise and Pietro Reichlin

21610: On the Origins of the Multinational Premium

Fillat, José L. and Stefania Garetto

21609: The Digitalisation of Banking and Social Media: Implications for Deposit Pricing

Michael Brei, Giulio Cornelli, Leonardo Gambacorta and Boris Hofmann

21608: The Superstar Buyer Penalty during Financial Crises: Evidence from Firm-to-Firm Trade Data

Sergi Basco, Ludovic Panon and Enrico Sette

21607: Capacity, Technology Portfolios, and the Paradox of Concentration

Michele Fioretti, Junnan He and Jorge Tamayo

21606: ECB Exchange Rate Communication

Fabio Comazzi, Mar Domenech Palacios, Michael Ehrmann, Massimo Ferrari Minesso and Arnaud Mehl

21605: Limited Means, Limited Care? Healthcare Expenditures of the Financially Constrained in the Netherlands

Mats Frijlink, Minke Remmerswaal, Jan Boone, Lily Davies and Rudy Douven

21604: Disciplining Digital Risk: Evidence from Cyber Stress Tests

Nordine Abidi, Leonardo Gambacorta, Christoffer Kok, Leonardo Madio, Ixart Miquel Flores and Alberto Partida

21603: The Value of Non-Value-Maximizing Managers

Pierre Chaigneau, Alex Edmans and Nicolas Sahuguet

21602: Board Gender Quotas and Female Borrowing: Evidence from Loan-Level Data

Fabrizio Core, Angelo D'Andrea, Tim Eisert and Daniel Urban

21601: Innovation without Borders? The Geography of Technological Diffusion

Ursel Baumann, Cullen, Zöe, Ester Faia, Annalisa Ferrando, Ricardo Perez-Truglia and Judith Rariga

21600: Reconciling Micro Elasticities with the Macro Decline in Labor Supply

Loukas Karabarbounis

21599: Turning Regulation into Data: Digital Trade Restrictiveness Index

Martina F. Ferracane, Erik van der Marel and Marcelo Olarreaga

21598: Merger Control in a Changing World

Volker Nocke, Martin Peitz and Nicolas Schutz

21597: The Value of One Office Day a Month

Cevat Giray Aksoy, Nicholas Bloom, Steven Davis, Victoria Marino and Özgüzel, Cem

21596: Do Incentives and Organizational Innovations Affect the Performance of Public Administrations? Lessons from the Italian NRRP

Antonio Accetturo, Audinga Baltrunaite, Elena Lazzaro and Anna Laura Mancini

21595: Lack of Trust and Fiscal Dominance: Evidence from a Firm Survey Experiment

Francesco Bianchi, Renato Faccini, Leonardo Melosi and Wehrhöfer, Nils

21594: Automation and Repression

Daron Acemoglu, A. Arda Gitmez and Mehdi Shadmehr

21593: Interdependent Hitting Times

Jaap Abbring and Yifan Yu

21592: Shaking the Traditional Order: Women's Conversion to New Christian Churches in Sub-Saharan Africa

Pablo Alvarez Aragon, Catherine Guirkinger and Jean-Philippe Platteau

21591: The Factor Bias of External Inputs: Implications for Substitution between Capital and Labor

Dimitrije Ruzic

21590: Financial Regulation: Where Do We Stand?

Charles Goodhart and Rosa Lastra

21589: Beyond Exposure: Predicting AI Adoption Based on Comparative Advantage

Ilse Lindenlaub, Ryungha Oh, Maria Alejandra Rodriguez and Laura Veldkamp

21588: Banks’ Dynamic Interest Rate Risk Hedging

Michele Leonardo Bianchi, Dario Ruzzi and Anatoli Segura

21587: The Funding Structure of Direct Lenders

Elisavet Mistopoulou and Sascha Steffen

21586: GDP at Transition Risk

Dirk Schoenmaker and Willem Schramade

21585: Microdata for Research in Macroeconomics and Finance

Nicola Limodio

21584: The Informational Role of Online Recommendations: Evidence from a Field Experiment

Guy Aridor, Gonçalves, Duarte, Daniel Kluver, Ruoyan Kong and Joseph Konstan

21583: The Future in Today’s Prices: Evidence from a Survey of U.S. Firms

Philippe Andrade, Alexander Dietrich, John Leer, Raphael Schoenle, Zakrajšek, Egon and Jenny Tang

21582: Trends in Labor Force Participation and Unemployment, 1976-2024

Andreas Hornstein and Marianna Kudlyak

21581: Distraction and Stock Return Synchronicity: Evidence from the Field

Michael Ehrmann and David-Jan Jansen

21580: Social Anxiety and Evaluative Interviews

Samantha Horn, Peter Schwardmann and Egon Tripodi

21579: Startups in Africa

Emanuele Colonnelli, Marcio Cruz, Pereira-López, Mariana, Tommaso Porzio and Chun Zhao

21578: Optimal Subsidies for Capital Replacement and the Green Transition

Fabio Bertolotti, Andrea Lanteri and Hyeonsik Yoon

21577: The Generative AI Learning Penalty: Evidence from Chinese Secondary Education

Strömberg, David, Victor Lei and Yanhui Wu

21576: Green AI in Industry Quasi-Experimental Evidence from the Water Treatment Sector

Mathias Abitbol, Philippe Aghion, Antonin, Céline, Lint Barrage and Benjamin Lengereau