CEPR Discussion Papers

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11377: Electoral Accountability and the Natural Resource Curse: Theory and Evidence from India

Amrita Dhillon, Pramila Krishnan, Manasa Patnam and Carlo Perroni

11376: Correcting for Sample Selection From Competitive Bidding, with an Application to Estimating the Effect of Wages on Performance

Laurent Lamy, Manasa Patnam and Michael Visser

11375: The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization

Hans Gersbach, Philippe Muller and Oriol Tejada

11374: Gaussian Mixture Approximations of Impulse Responses and The Non-Linear Effects of Monetary Shocks

Régis Barnichon and Christian Matthes

11373: Understanding the Size of the Government Spending Multiplier: It's in the Sign

Régis Barnichon and Christian Matthes

11372: Flexibility versus stability. A difficult trade-off in the Eurozone

Paul De Grauwe and Yuemei Ji

11371: Women's Liberation as a Financial Innovation

Moshe Hazan, David Weiss and Hosny Zoabi

11370: Long-Term Care and Births Timing

Pierre Pestieau and Gregory Ponthiere

11369: Money and Capital in a Persistent Liquidity Trap

Philippe Bacchetta, Kenza Benhima and Yannick Kalantzis

11368: On the Money Creation Approach to Banking

Salomon Faure and Hans Gersbach

11367: The Changing Nature of Gender Selection into Employment: Europe over the Great Recession

Juan Dolado, García-Peñalosa, Cecilia and Linas Tarasonis

11366: The Influence of Ancestral Lifeways on Individual Economic Outcomes in Sub-Saharan Africa

Stelios Michalopoulos, Louis Putterman and David Weil

11365: The public economics of long term care

Pierre Pestieau and Gregory Ponthiere

11364: A Demand Theory of the Price Level

Marcus Hagedorn

11363: Learning through Crowdfunding

Gilles Chemla and Katrin Tinn

11362: Government as Borrower of First Resort

Gilles Chemla and Christopher Hennessy

11361: The Paradox of Policy-Relevant Natural Experiments

Gilles Chemla and Christopher Hennessy

11360: Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials

Gilles Chemla and Christopher Hennessy

11359: Long-term care social insurance. How to avoid big losses?

Justina Klimaviciute and Pierre Pestieau

11358: Tort Reform and Innovation

Alberto Galasso and Hong Luo

11357: The Political Economy of Public Debt: A Laboratory Study

Marco Battaglini, Salvatore Nunnari and Thomas Palfrey

11356: The Informational Theory of Legislative Committees: An Experimental Analysis

Marco Battaglini, Ernest Lai, Wooyoung Lim and Joseph Wang

11355: Forecasting Macroeconomic Variables under Model Instability

Davide Pettenuzzo and Allan Timmermann

11354: Forecasting in Economics and Finance

Graham Elliott and Allan Timmermann

11353: Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report

David Aikman, Oliver Bush and Alan Taylor

11352: The Tail that Wags the Economy: Beliefs and Persistent Stagnation

Laura Veldkamp, Julian Kozlowski and Venky Venkateswaran

11351: Ethnic Favoritism: An Axiom of Politics?

Giacomo De Luca, Roland Hodler, Paul Raschky and Michele Valsecchi

11350: When to Learn What in Bilateral Trade

Kfir Eliaz and Alexander Frug

11349: Cash for Carbon: A Randomized Controlled Trial of Payments for Ecosystem Services to Reduce Deforestation

Seema Jayachandran, Joost de Laat, Eric F. Lambin and Charlotte Stanton

11348: Peripheral Diversity: Transfers versus Public Goods

Klaus Desmet, Ortuño-Ortin, Ignacio and Shlomo Weber

11347: Challenges of Fiscal Policy in Emerging and Developing Economies

Raju Huidrom, Ayhan Kose and Franziska Ohnsorge

11346: Do Fiscal Multipliers Depend on Fiscal Positions?

Raju Huidrom, Ayhan Kose and Franziska Ohnsorge

11345: The Adverse Effect of Information on Governance and Leverage

Christian Laux, Lóránth, Gyöngyi and Alan Morrison

11344: Information transmission within federal fiscal architectures: Theory and evidence

Axel Dreher, Kai Gehring, Christos Kotsogiannis and Silvia Marchesi

11343: Persuasion Bias in Science: Can Economics Help?

Alfredo Di Tillio, Marco Ottaviani and Sørensen, Peter Norman

11342: Taxing Wealth: Evidence from Switzerland

Brülhart, Marius, Jonathan Gruber, Matthias Krapf and Kurt Schmidheiny

11341: Is there trickle-down from tech? Poverty, employment and the high-technology multiplier in US cities

Neil Lee and Rodríguez-Pose, Andrés

11340: Sovereign Risk, Bank Funding and Investors’ Pessimism

Ester Faia

11339: How Does Parental Divorce Affect Children's Long-term Outcomes?

Wolfgang Frimmel, Martin Halla and Rudolf Winter-Ebmer

11338: Does “Being Chosen to Lead†Induce Non-Selfish Behavior? Experimental Evidence on Reciprocity

Allan Drazen and Erkut Ozbay

11337: Optimal Automatic Stabilizers

Alisdair McKay

11336: Insurance Between Firms: The Role of Internal Labor Markets

Giacinta Cestone, Chiara Fumagalli, Francis Kramarz and Giovanni Pica

11335: The Silent Treatment

Geoffroy de Clippel, Kfir Eliaz and Kareen Rozen

11334: The Analytics of the Greek Crisis

Pierre-Olivier Gourinchas, Thomas Philippon and Dimitri Vayanos

11333: Relational Altruism and Giving in Social Groups

Kimberley Scharf and Sarah Smith

11332: Consumption Network Effects

Giacomo De Giorgi, Anders Frederiksen and Luigi Pistaferri

11331: A Structural Model of Electoral Accountability

S. Boragan Aruoba, Allan Drazen and Razvan Vlaicu

11330: Quality Leisure Time and Youth Development

Aderonke Osikominu and Benjamin Fuchs

11329: Macro, Money and Finance: A Continuous Time Approach

Markus Brunnermeier and Yuliy Sannikov

11328: Endowment Effects in the Field: Evidence from India's IPO Lotteries

Santosh Anagol and Vimal Balasubramaniam

11327: Can War Foster Cooperation?

Michal Bauer, Christopher Blattman, Julie Chytilová, Joseph Henrich, Edward Miguel and Tamar Mitts

11326: Multinational Banks and Supranational Supervision

Giacomo Calzolari, Jean-Edouard Colliard and Lóránth, Gyöngyi

11325: Does tax competition make mobile firms more footloose?

Ben Ferrett, Andreas Hoefele and Ian Wooton

11324: Currency Value

Lukas Menkhoff, Lucio Sarno, Maik Schmeling and Andreas Schrimpf

11323: Delegated information choice

Kristoffer Nimark and Stefan Pitschner

11322: Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions?

Tobias Ketterer and Rodríguez-Pose, Andrés

11321: The Political Economy of Public Sector Absence: Experimental Evidence from Pakistan

Michael Callen, Saad Gulzar, Ali Hasanain and Muhammad Khan

11320: INFLATION TARGETS AND THE ZERO LOWER BOUND IN A BEHAVIORAL MACROECONOMIC MODEL

Paul De Grauwe and Yuemei Ji

11319: Liberals, Socialists, and pork-barrel politics in Greece

Rodríguez-Pose, Andrés, Yannis Psycharis and Vassilis Tselios

11318: Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires

Mark Gertler, Christopher Huckfeldt and Antonella Trigari

11317: The Sovereign-Bank Diabolic Loop and ESBies

Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

11316: The effects of banning advertising in junk food markets

Pierre Dubois, Rachel Griffith and Martin O'Connell

11315: Overlapping Ownership, R&D Spillovers, and Antitrust Policy

López, à ngel Luis and Xavier Vives

11314: Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances

Sebnem Kalemli-Ozcan

11313: Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake

Yusuf Baskaya and Sebnem Kalemli-Ozcan

11312: Management as a Technology

Nicholas Bloom, Raffaella Sadun and John van Reenen

11311: International Trade and Job Polarization: Evidence at the Worker-Level

Wolfgang Keller and Hale Utar

11310: Search Frictions, Competing Mechanisms and Optimal Market Segmentation

Xiaoming Cai, Pieter Gautier and Ronald Wolthoff

11309: The European Central Bank’s QE: A new hope

Tomasz Wieladek and Antonio Garcia Pascual

11308: Macroeconomics and Household Heterogeneity

Dirk Krueger, Kurt Mitman and Fabrizio Perri

11307: On the use of high frequency measures of volatility in MIDAS regressions

Elena Andreou

11306: Inflation expectations and monetary policy in Europe

Elena Andreou, Snezana Eminidou and Marios Zachariadis

11305: Is the Macroeconomy Locally Unstable and Why Should We Care?

Paul Beaudry, Dana Galizia and Franck Portier

11304: Leveraging Dominance with Credible Bundling

Sjaak Hurkens, Doh-Shin Jeon and Domenico Menicucci

11303: The Choice of Valuation Techniques in Practice: Education versus Profession

Lilia Mukhlynina and Kjell Nyborg

11302: Anticipating the Financial Crisis: Evidence from Insider Trading in Banks

Ozlem Akin, Marín, José M and Jose-Luis Peydro

11301: Institutional Investors and Corporate Political Activism

Rui Albuquerque, Rocholl, Jörg and Chendi Zhang

11300: Solution and Estimation of Dynamic Discrete Choice Structural Models Using Euler Equations

Victor Aguirregabiria and Arvind Magesan

11299: The Reluctant Defaulter: A Tale of High Government Debt

Fabrice Collard, Michel Habib and Jean Rochet

11298: Liquidity, Information Aggregation, and Market-Based Pay in an Efficient Market

Riccardo Calcagno and Florian Heider

11297: A Model of the International Monetary System

Emmanuel Farhi and Matteo Maggiori

11296: Creative Destruction and Uncertainty

SedlÃ¡Ä ek, Petr

11295: The Value of Entrepreneurial Failures: Task Allocation and Career Concerns

Andrea Canidio and Patrick Legros

11294: Monopoly Power and Endogenous Product Variety: Distortions and Remedies

Florin Bilbiie, Fabio Ghironi and Marc Melitz

11293: Quasi-Linear Integrability

Volker Nocke and Nicolas Schutz

11292: Financial Trouble Across Generations: Evidence from The Universe of Personal Loans in Denmark

Claus Kreiner and Louise Willerslev-Olsen

11291: Exclusive dealing with costly rent extraction

Giacomo Calzolari, Vincenzo Denicolo' and Piercarlo Zanchettin

11290: Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions

Marcus Hagedorn, Iourii Manovskii and Kurt Mitman

11289: The impact of trade shocks on collective wage bargaining agreements

Juan Carluccio, Fougère, Denis and Erwan Gautier

11288: Assessing market (dis)integration in early modern China and Europe

Daniel Bernhofen, Markus Eberhardt, Jianan Li and Stephen Morgan

11287: Quantitative Easing and Financial Stability

Michael Woodford

11286: The Effect of Discretion on Procurement Performance

Decio Coviello, Andrea Guglielmo and Giancarlo Spagnolo

11285: Political Economy of Redistribution

Daniel Diermeier, Georgy Egorov and Konstantin Sonin

11284: Excessive Competition for Headline Prices

Roman Inderst and Martin Obradovits

11283: Competition and the welfare gains from transportation infrastructure: Evidence from the Golden Quadrilateral of India

Jose Asturias, García-Santana, Manuel and Roberto Ramos

11282: Mind what your voters read: Media exposure and international economic policy making

Giovanni Facchini, Tommaso Frattini and Cora Signorotto

11281: Corruption and Bicameral Reforms

Giovanni Facchini and Cecilia Testa

11280: Can Business Owners Form Accurate Counterfactuals? Eliciting Treatment and Control Beliefs about Their Outcomes in the Alternative Treatment Status

David McKenzie

11279: Violence and Birth Outcomes: Evidence from Homicides in Brazil

Marco Manacorda and Martin Foureaux Koppensteiner

11278: Liberation Technology: Mobile Phones and Political Mobilization in Africa

Marco Manacorda and Andrea Tesei