CEPR Discussion Papers

From Centre for Economic Policy Research
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10827: The choice of flexibility in targeting inflation during normal times and during disinflation

Alex Cukierman

10826: Capital Allocation and Productivity in South Europe

Kalemli-Özcan, Sebnem, Loukas Karabarbounis, Gita Gopinath and Carolina Villegas-Sanchez

10825: The Great Moderation in historical perspective.Is it that great?

Pérez-Quirós, Gabriel, María Gadea and Ana Gómez-Loscos

10824: Investing in Systematic Factor Premiums

Philip Stork, Kees Koedijk and Alfred Slager

10823: Reference Point Formation

Kees Koedijk, Rachel Pownall, Charles Noussair and Ayse Terzi

10822: Earmarking and the political support of fat taxes

Helmuth Cremer and Kerstin Roeder

10821: Identification and Estimation of Preference Distributions When Voters Are Ideological

Antonio Merlo and Aureo de Paula

10820: Are retail traders compensated for providing liquidity?

David Sraer, Ron Kaniel and Barrot, Jean-Noël

10819: Money Creation: Tax or Public Liquidity?

Pietro Reichlin

10818: Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization

Athanasios Orphanides

10817: Exit expectations and debt crises in currency unions

Müller, Gernot, Alexander Kriwoluzky and Martin Wolf

10816: Urban Networks: Connecting Markets, People, and Ideas

Edward Glaeser, Giacomo Ponzetto and Yimei Zou

10815: Predictable Recoveries

Wouter Den Haan, Xiaoming Cai and Jonathan Pinder

10814: Unemployment (Fears) and Deflationary Spirals

Wouter Den Haan, Pontus Rendahl and Markus Riegler

10813: Too Much Attention on Low Prices? Loss Leading in a Model of Sales with Salient Thinkers

Roman Inderst and Martin Obradovits

10812: Insurer Competition in Health Care Markets

Kate Ho and Robin Lee

10811: Aid and growth. New evidence using an excludable instrument

Axel Dreher and Sarah Langlotz

10810: The challenge of measuring UK wealth inequality in the 2000s

Anthony Atkinson, Facundo Alvaredo and Salvatore Morelli

10809: Is a normal copula the right copula?

Enrique Sentana and Dante Amengual

10808: The Political Economy of Liberal Democracy

Dani Rodrik and Sharun Mukand

10807: Trading Down and the Business Cycle

Sergio Rebelo, Nir Jaimovich and Arlene Wong

10806: On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium

Dirk Krueger and Alexander Ludwig

10805: Financial Fragmentation and Economic Growth in Europe

Isabel Schnabel and Christian Seckinger

10804: Size and Momentum Profitability in International Stock Markets

Alexander Wagner, Andreas Schrimpf, Peter S. Schmidt, Urs von Arx and Andreas Ziegler

10803: Approximating time varying structural models with time invariant structures

Fabio Canova, Filippo Ferroni and Christian Matthes

10802: Taxing Fragmented Aid to Improve Aid Efficiency

Emmanuelle Auriol and Josepa Miquel-Florensa

10801: Structural Analysis with Multivariate Autoregressive Index Models

Massimiliano Marcellino, George Kapetanios and Andrea Carriero

10800: Country Size and Corporate Tax Rate: Rationale and Empirics

Ian Wooton, Rodolphe Desbordes and Azémar, Céline

10799: Analysis of mergers in first-price auctions

Christine Zulehner, Klaus Gugler and Michael Weichselbaumer

10798: NTMs, Preferential Trade Agreements, and Prices: New evidence

Olivier Cadot and Julien Gourdon

10797: Brands in Motion: How frictions shape multinational production

Thierry Mayer and Keith Head

10796: Team incentives and performance: Evidence from a retail chain

Guido Friebel, Nick Zubanov, Matthias Heinz and Krüger, Miriam

10795: A formal analysis of the beginnings of coinage in antiquity

Jacques Melitz

10794: Intra Firm Bargaining and Shapley Values

Pieter Gautier, Guido Menzio and Brügemann, Björn

10793: The Welfare E ects of Endogenous Quality Choice in Cable Television Markets

Gregory Crawford, Oleksandr Shcherbakov and Matthew Shum

10792: First Price Auctions with General Information Structures: Implications for Bidding and Revenue

Dirk Bergemann, Stephen Morris and Benjamin Brooks

10791: Information and Market Power

Dirk Bergemann, Stephen Morris and Tibor Heumann

10790: Skilled Cities, Regional Disparities, and Efficient Transport: The state of the art and a research agenda

Jacques Thisse and Stef Proost

10789: Is Centralization a Solution to the Soft Budget Constraint Problem?

Avi Ben-Bassat, Esteban Klor and Momi Dahan

10788: The Dynamic Free Rider Problem: A Laboratory Study

Marco Battaglini, Thomas Palfrey and Salvatore Nunnari

10787: Estimating the Extensive Margin of Trade

João Santos Silva, Silvana Tenreyro and Kehai Wei

10786: Pushing on a String: US Monetary Policy is Less Powerful in Recessions

Silvana Tenreyro and Gregory Thwaites

10785: The Transmission of Monetary Policy through Redistributions and Durable Purchases

Silvana Tenreyro and Vincent Sterk

10784: Relational Contracts and Supplier Turnover in the Global Economy

Südekum, Jens, Fabrice Defever and Christian Fischer

10783: Innovation, Emissions Policy, and Competitive Advantage in the Diffusion of European Diesel Automobiles

Eugenio Miravete, Maria Moral and Jeff Thurk

10782: Fertility Convergence

Silvana Tenreyro and Tiloka De-Silva

10781: Leveraged Bubbles

Alan Taylor, Moritz Schularick and Oscar Jorda

10780: Long-Run Impacts of Land Regulation: Evidence from Tenancy Reform in India

Timothy Besley, Rohini Pande, Vijayendra Rao and Jessica Leight

10779: Small Firms' Formalization The Stick Treatment

Aminur Rahman, Giacomo De Giorgi and Matthew Ploenzke

10778: The Taxation of Superstars

Iván Werning and Florian Scheuer

10777: The Funding of the Irish Domestic Banking System During the Boom

Philip Lane

10776: Macro-Financial Stability under EMU

Philip Lane

10775: Diversification through Trade

Francesco Caselli, Miklós Koren, Silvana Tenreyro and Milan Lisicky

10774: Housing, Capital Taxation and Bequests in a Simple OLG Model

Robert Gary-Bobo and Jamil Nur

10773: Culture and Institutions

Alberto Alesina and Paola Giuliano

10772: The Introduction of Academy Schools to England?s Education

Stephen Machin and Andrew Eyles

10771: Information and Price Dispersion: Theory and Evidence

Philipp Schmidt-Dengler, Nicolas Schutz, Christoph Weiss, Dieter Pennerstorfer and Biliana Yontcheva

10770: Wage compression within the firm

Michele Pellizzari, Marco Leonardi and Domenico Tabasso

10769: Fighting Crime with a Little Help from my Friends: Political Alignment, Inter-Jurisdictional Cooperation and Crime in Mexico

Emilio Gutierrez

10768: Measuring the Impacts of Teachers: Response to Rothstein (2014)

Raj Chetty, John Friedman and Jonah Rockoff

10767: Is Optimal Monetary Policy Always Optimal?

Gürkaynak, Refet

10766: Testing macro models by indirect inference: a survey for users

A. Patrick Minford, Michael R. Wickens, David Meenagh, Vo Phuong Mai Le and Yongdeng Xu

10765: Comparing Indirect Inference and Likelihood testing: asymptotic and small sample results

A. Patrick Minford, Michael R. Wickens, David Meenagh and Yongdeng Xu

10764: The Economy of People’s Republic of China from 1953

Sergei Guriev, Anton Cheremukhin, Mikhail Golosov and Aleh Tsyvinski

10763: When is Nonfundamentalness in VARs A Real Problem? An Application to News Shocks

Franck Portier, Paul Beaudry, Patrick Fève and Alain Guay

10762: Advertising Competition in the French Free-To-Air Television Broadcasting Industry

Marc Ivaldi and Jiekai Zhang

10761: Back to Gold: Sterling in 1925

Stefan Gerlach and Peter Kugler

10760: Minimum Wages in Sub-Saharan Africa: A Primer

Ravi Kanbur and Benjamin Stanwix

10759: Who?s Getting Globalized? The Size and Implications of Intra-national Trade Costs

Dave Donaldson and David Atkin

10758: A mechanism design approach to the Tiebout hypothesis

Philippe Jehiel and Laurent Lamy

10757: Does Foreign Entry Spur Innovation?

Yuriy Gorodnichenko, Jan Svejnar and Katherine Terrell

10756: The Housing Cost Disease

Pietro Reichlin and Nicola Borri

10755: Bad Behavior: Delinquency, Arrest and Early School Leaving

Jan C. van Ours, Jenny Williams and Shannon Ward

10754: Optimal Taxation and Public Provision for Poverty Reduction

Ravi Kanbur, Jukka Pirttilä, Matti Tuomala and Tuuli Ylinen

10753: Death, Bereavement, and Creativity

Kathryn Graddy

10752: Experience-Biased Technical Change

Francesco Caselli

10751: The symmetric equilibria of symmetric voter participation games with complete information

Nöldeke, Georg and Peña, Jorge

10750: Attack When the World Is Not Watching? U.S. News and the Israeli-Palestinian Conflict

Ekaterina Zhuravskaya

10749: Does Economic Prosperity Breed Trust?

Mark Gradstein and Alberto Chong

10748: Economic distributions and primitive distributions in monopolistic competition

Simon Anderson and André de Palma

10747: Cash Providers: Asset Dissemination over Intermediation Chains

Gabrielle Demange and Jean-Edouard Colliard

10746: Moving to Opportunity or Isolation? Network Effects of a Randomized Housing Lottery in Urban India

Rohini Pande, Erica Field and Sharon Barnhardt

10745: Hysteresis and the European Unemployment Problem Revisited

Galí, Jordi

10744: Not so Disconnected: Exchange Rates and the Capital Stock

Tarek Hassan, Thomas M. Mertens and Tony Zhang

10743: Low Quality, Low Returns, Low Adoption: Evidence from the Market for Fertilizer and Hybrid Seed in Uganda

Jakob Svensson, David Yanagizawa-Drott, Tessa Bold and Kayuki Kaizzi

10742: Cereals, Appropriability and Hierarchy

Joram Mayshar, Omer Moav, Zvika Neeman and Luigi Pascali

10741: Maintaining Central-Bank Financial Stability under New-Style Central Banking

Robert Hall

10740: Do Social Factors Influence Investment Behaviour and Performance? Evidence from Mutual Fund Holdings

Kees Koedijk, Jenke ter Horst, Arian Borgers and Jeroen Derwall

10739: Inflation forecasting models for Uganda: is mobile money relevant?

John Muellbauer, Janine Aron and Rachel Sebudde

10738: The Political Legacy of Entertainment TV

Paolo Pinotti and Andrea Tesei

10737: Trading Fees and Slow-Moving Capital

Bernard Dumas and Adrian Buss

10736: Designing Innovation Contests for Diversity

Armin Schmutzler and Igor Letina

10735: Organizational Barriers to Technology Adoption: Evidence from Soccer-Ball Producers in Pakistan

Eric Verhoogen, ,, David Atkin, Azam Chaudhry and Shamyla Chaudry

10734: Job Quality in Segmented Labor Markets: The Israeli Case

Shoshana Neuman

10733: Long Term Impacts of Vouchers for Vocational Training: Experimental Evidence for Colombia

Costas Meghir, Orazio Attanasio, Guarín, Arlen and Carlos Medina

10732: Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply

Orazio Attanasio, Hamish Low, Sánchez-Marcos, Virginia and Peter Levell

10731: Logit Price Dynamics

James Costain and Anton Nakov

10730: Averting Catastrophes: The Strange Economics of Scylla and Charybdis

Robert Pindyck and Ian Martin

10729: Seniority Wages and the Role of Firms in Retirement

Rudolf Winter-Ebmer, Gerard Horvath, Wolfgang Frimmel and Mario Schnalzenberger

10728: The Effect of Income on Mortality - New Evidence for the Absence of a Causal Link

Rudolf Winter-Ebmer, Gerard Horvath and Alexander Ahammer