CEPR Discussion Papers

From Centre for Economic Policy Research
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21476: Cycles of Infertility: Intergenerational Transmission and the Role of Assisted Reproduction

Viktoria Falk, Andreas Madestam and Emilia Simeonova

21475: Targeting Attitudes to Combat Sexual Harassment: A Randomized Intervention in the Norwegian Military

Olle Folke, Hanson, Torbjørn, Johnsen, Åshild, Andreas Kotsadam and Johanna Rickne

21474: (De-)Radicalizing the Radical Right with Slanted News on Immigration

Christian Koch and Jean-Robert Tyran

21473: The Taylor Rule: Did the Fed use Discretion Instead?

Michael R. Wickens

21472: The Social Multiplier of Pension Reform

Emre Oral, Rabaté, Simon and Arthur Seibold

21471: Paying More and Buying Less: 2025 Tariffs and U.S. Household Spending

Hacıoğlu Hoke, Sinem and Leo Feler

21470: Distribution-Free Equilibrium in Search Contests

Emre Ozdenoren and Murat Erkurt

21469: Intertemporal Universalism

Jeanne Hagenbach and Charlotte Saucet

21468: Exchange Rate Insulation Revisited

Giancarlo Corsetti, Keith Kuester, Müller, Gernot, Sebastian Schmidt and Ben Alexander Schumann

21467: Prenatal Conditions and Midlife Mental Health: Evidence from an Alcohol Policy Experiment

Evelina Linnros and J Peter Nilsson

21466: The Trafalgar Squeeze of Global Liquidity

Vincent Bignon, Benoit Mojon and Miguel Ortiz Serrano

21465: Midterm Reviews and Democratic Resilience

Hans Gersbach

21464: A Randomized Experiment on Improving Job Search Skills of Older Unemployed Workers

Nynke de Groot and Bas van der Klaauw

21463: Estimating Tax-Dependent Compliance: Theory and Evidence from Trade Wars

Andrew Bibler, Yuting Gao, Laura Grigolon and Mark Tremblay

21462: Externalities and Distrust

Gianmarco Daniele, Andrea Martinangeli, Francesco Passarelli, Willem Sas and Lisa Windsteiger

21461: The Seniority Ceiling: Why Some Immigrants Struggle to Rise in Political Office

Olle Folke and Johanna Rickne

21460: The Success of the Embedded State in England

Leander Heldring, Davis Kedrosky, James A. Robinson and Matthias Weigand

21459: Cooperate More, Connect Less: The Network Consequences of Zero-Sum Environments

Sebastiano Della Lena, Yannick Jansen and Yves Zenou

21458: Adam Smith and the Role of the Towns in Feudal Europe

Mark Koyama

21457: Organisational Values, Self-Image and Inclusion: Evidence from a Field Experiment

Girum Abebe, Brooke, Siân, Tom Gole, Simon Quinn and Tom Schwantje

21456: Intertemporal Pass-Through

Mishel Ghassibe, Boromeus Wanengkirtyo and Ivan Yotzov

21455: Land Reforms in Developing Financial Markets: Lessons from England's Land Enclosures 1750-1830

Tomer Ifergane, Walker Ray, Karine van der Beek and Lior Farbman

21454: AI Safety and Competition

Jay Pil Choi, Doh-Shin Jeon and Domenico Menicucci

21453: Weak Bundle, Strong Bundle: How AI Redraws Job Boundaries

Luis Garicano, Jin Li and Yanhui Wu

21452: Third-Party Pricing Algorithms and Information Sharing

Stepan Aleksenko and Jeanine Miklos-Thal

21451: Dynamic Recommendation Bias

Mikhail Drugov and Doh-Shin Jeon

21450: On the Political Economy of Urbanization: Experimental Evidence from Mozambique

Alex Armand, Mendonça, Frederica, Wayne Sandholtz and Pedro Vicente

21449: Authority Figures and the Polarization of Gender Norms

Ali Abboud, Samuel Bazzi, Serena Canaan, Antoine Deeb and Pierre Mouganie

21448: Money Uniformity and Retail CBDC

Alistair Milne, Dirk Niepelt and David Skeie

21447: Living in a Ghost Town: The Geography of Depopulation and Aging

Elisa Giannone, Yuhei Miyauchi, Paixão, Nuno, Xinle Pang and Yuta Suzuki

21446: The Effect of Phasing out Energy-Inefficient Dwellings from the Housing Market: A Housing Demand Approach

Edouard Civel, Anna Creti, Gabrielle Fack and Daniel Herrera-Araujo

21445: Firms' Inflation and Wage Expectations During the Inflation Surge

Erwan Gautier, Frederique Savignac and Olivier Coibion

21444: Customs Agents in International Trade

Wanyu Chung, Robert Elliott and Yangjun Han

21443: Understanding Support for Inefficient Environmental Policy Instruments

Chenxi Jiang, Maximiliano Lauletta, Ro'ee Levy, Joseph S. Shapiro and Dmitry Taubinsky

21442: The Buy-In Effect: When Increasing Initial Effort Encourages Follow-Through

Holly Dykstra, Shibeal O' Flaherty and Ashley Whillans

21441: Corporate Net Zero Targets: Have They Achieved Anything?

Simon Dietz and Nikolaus Hastreiter

21440: Optimal Climate Policy as if the Transition Matters

Emanuele Campiglio, Simon Dietz and Frank Venmans

21439: Economic Incentives or Social Norms? Labor Supply Differentials between East and West German Mothers

Chabé-Ferret, Bastien, Zainab Iftikhar and JungJae Park

21438: Tracing Sanctions through the Value Chain: Evidence from the US Cotton Ban

Jean-Francois Maystadt, Kampui Tsang and Johannes Van Biesebroeck

21437: The Political Impact of Refugees in Africa

Cansu Demir, Anna Maria Mayda and Jean-Francois Maystadt

21436: Understanding the Transatlantic Divide in Labor Income Shares

Drago Bergholt, Francesco Furlanetto, Maffei Faccioli, Nicolò and Evi Pappa

21435: A Political Economy Approach to State Religion and Holy Wars

Emmanuelle Auriol, Jean-Philippe Platteau and Thierry Verdier

21434: The Sisyphean Pursuit of Evidence for Poverty Traps

Dean Karlan, Amol Raswan and Christopher Udry

21433: Carbon Pricing and Investors’ Reactions: Evidence from Washington State

Marc-Philipp Bohnet, Stefano Carattini and Suphi Sen

21432: The Social Media Externality

Sarit Markovich and Luis Rayo

21431: Motherhood and Constraints during Job Search

Arnaud Philippe and Daphne Skandalis

21430: The Extreme Points of Mean-Preserving Contractions

Andreas Kleiner, Benny Moldovanu, Philipp Strack and Mark Withmeyer

21429: Extreme Points and Majorization

Andreas Kleiner, Benny Moldovanu and Philipp Strack

21428: Violence, Political Selection, and State Formation: Evidence from Post-Unification Italy

Paolo Buonanno, Giampaolo Lecce, Laura Ogliari and Giacomo Plevani

21427: When Do Secondary Stakeholder Attacks Matter to Financial Analysts? The Role of Analysts’ Political Ideology

Mohammad Sadri, Ali Mohammadi and Pooyan Khashabi

21426: Inflexibility and the Stalled Progress of American Women in the Labor Market

Stefania Albanesi

21425: The State-Contingent Debt Premium: Evidence from French Public Bonds

Kris Mitchener and Pina, Gonçalo

21424: Price and Prejudice: Preferences and Incentives in the Dynamics of Racial Residential Segregation

David Dorn

21423: The Misallocation Cost of Inflation: A Sufficient Statistics Approach

Klaus Adam, Andrey Alexandrov and Henning Weber

21422: Monetary Policy and Supply-Side Turnover

Klaus Adam and Henning Weber

21421: The Impact of Trade Wars on Firms in Third Countries

Francesco Paolo Conteduca, Marco Errico, Fabrizio Leone, Ludovic Panon and Giacomo Romanini

21420: Mergers, Lobbying, and Elections: Is there a "Curse of Bigness"?

Matteo Broso and Tommaso Valletti

21419: Has the Regulatory Cycle Weakened? Evidence from a Century of Financial Legislation

Thilo Nils Hendrik Albers, Nützenadel, Alexander and Tobias Scheib

21418: Workforce Quality and Early Childhood Development at Scale

Sarah Cattan, Gabriella Conti and Christine Farquharson

21417: Payment Needs and the Size of the Federal Reserve’s Balance Sheet

Ricardo Reis

21416: Evidence, Beliefs, and the Design of Judicial Mechanisms

Alberto Galasso and Gabor Virag

21415: Till the IRS Do Us Part: (Optimal) Taxation of Households

Hans Holter, Dirk Krueger and Serhiy Stepanchuk

21414: Early Childcare Attendance and Cognitive Skills in Adolescence

Almås, Ingvild, Nina Drange, Costas Meghir and Henrik Daae Zachrisson

21413: How CCyBs travel – Internal capital markets & domestic borrowing

Imbierowicz, Björn, Axel Loeffler, Steven Ongena and Ursula Vogel

21412: Macroeconomic Policies for AI

Luca Fornaro and Martin Wolf

21411: Educational Mobility Across Multiple Generations in Indonesia

Sarah Cattan, Antonio Dalla-Zuanna, Jan Stuhler and Po Yin Wong

21410: Financial Liberalizations, Booms, and Crashes

Maximilian Grimm, Moritz Schularick and Emil Verner

21409: Geopolitical Risk in the Euro Area: Measurement and Transmission

Yevheniia Bondarenko, Nayeon Kang, Vivien Lewis, Matthias Rottner and Schüler, Yves

21408: Monetary Policy According to Households: Perceptions, Reactions, and Channels

Francesco Grigoli, Damiano Sandri, Yuriy Gorodnichenko and Olivier Coibion

21407: Assortative Mating, Inequality, and Rising Educational Mobility in Spain

Jan Stuhler, Ricard Grebol, Margarita Machelett and Ernesto Villanueva

21406: Market Power in Mortgage Pricing: the Role of Referral Lending

Dayin Zhang, Lu Han, Panle Barwick and Jon Kroah

21405: Who Bears the Costs of Technology Sanctions? Evidence from Global Smartphone Markets

Ambre Elsas-Nicolle, Shiyuan Li and Frank Verboven

21404: The Regional and Demographic Profile of Housing Affordability: Evidence from Greek Households

Georgios Gatopoulos, Alexandros Louka, Antonis Mavropoulos, Sotiris Saperas and Nikolaos Vettas

21403: Quarterly GDP for Ireland since 1950

Sean Kenny and Rebecca Stuart

21401: Sticky Traditions: Origin, Persistence, and Evolution of Cultural Norms

Paola Giuliano

21400: Identifying Relationship-level Effects Using Covariance Restrictions

Olivier De Jonghe and Daniel Lewis

21399: Intellectual Property Protection for AI-Generated Output

Döttling, Robin, Logan P. Emery and Shuo Zhao

21398: Mitigating the Consequences of Job Loss in Lower-Income Countries: Evidence from Ethiopia

Lukas Hensel, Girum Abebe, Francois Gerard and Stefano Caria

21397: Aging at the Very Top

Valentin Kecht, Alessandro Lizzeri and Farzad Saidi

21396: Farmers as Voters: Land Redistribution and Regime Consolidation in Zimbabwe

Rob Davies, Halvor Mehlum, Kalle Moene and Ragnar Torvik

21395: Whataboutism

Kfir Eliaz and Ran Spiegler

21394: Is Knowledge Enough? Financial Literacy, Marriage, and Gender Differences in Wealth

Marta Cota, Maria Frech, Marta Morazzoni and Michael Tallent

21393: Sorting into Entrepreneurial Teams

Edoardo Maria Acabbi, Andrea Alati, Luca Mazzone and Marta Morazzoni

21392: Matching People to Properties: A Matching Function for the Housing Market

Liwa Rachel Ngai, Felix Iglhaut, Kevin Sheedy, Fei Wu and Shuang Zhang

21391: The Employment Concentration Channel of Monetary Policy

Guido Ascari, Andrea Colciago and Marco Membretti

21390: Identifying Monetary Policy Shocks in Newspapers using GPT

Felix Betz, Peter Bofinger, Jonas Dix and Leonie Streit

21389: Imperfect Information, Composition of Demand Shocks, and the Flattening of the Phillips Curve

Tatsushi Okuda, Tomohiro Tsuruga and Francesco Zanetti

21388: The Math-Verbal Divide: Unequal Returns to Cognitive Skills in Education and Work

Judith Delaney and Paul J. Devereux

21387: The Catalytic Effect of Blended Finance

Ugo Panizza

21386: More Trade, Less Diffusion: Technology Transfers and the Dynamic Effects of Import Liberalization

Gustavo de Souza, Ruben Gaetani and Marti Mestieri

21385: AI Unbound: Digital Infrastructure, AI Adoption, and Firm Performance

Nuriye Melisa Bilgin and Gianmarco Ottaviano

21384: Risk Preferences and the Willingness to Relocate to Danger: Evidence from Wartime Ukraine

Yuriy Gorodnichenko, Marianna Kudlyak, Sophia Lobozynska, Iryna Skomorovych, Ulyana Vladychyn, Andriy Kovalyuk and Iryna Snovydovych

21383: Family Managers and Investment Decisions

González, Xulia, Saul Lach, Daniel Miles and Pazó Martínez, María Consuelo

21382: Robust Delegation

Ricardo Alonso, Tan Gan and Ju Hu

21381: The Macroeconomic Effects of Tariffs: Insights from 180 Years of U.S. Trade Policy

Tamar den Besten, Regis Barnichon, Känzig, Diego and Aayush Singh

21380: Cities in Flight: The Role of Airports in Urban Development

Miren Lafourcade and Nicholas Sheard

21379: Monetary Policy and Business Cycles in the Data Economy

Carl-Christian Groh, Pfäuti, Oliver and Farzad Saidi

21378: The Effects of Geopolitical Oil Price Shocks

Guillermo Verduzco-Bustos and Francesco Zanetti

21377: Work from Home and Disability Employment

Nicholas Bloom, Gordon Dahl and Dan-Olof Rooth

21376: Birthright Citizenship and Youth Crime

Leander Andres, Stefan Bauernschuster, Gordon Dahl, Helmut Rainer and Schüller, Simone