CEPR Discussion Papers

From C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
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7572: The Long-Lived Effects of Historic Climate on the Wealth of Nations

Akos Valentinyi, John Bluedorn and Michael Vlassopoulos

7571: Monitoring Managers: Does it Matter?

Francesca Cornelli, Alexander Ljungqvist and Zbigniew Kominek

7570: Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

Alan Taylor and Moritz Schularick

7569: Inequality and Aggregate Savings in the Neoclassical Growth Model

Reto Foellmi

7568: The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself

Alan Taylor and Oscar Jorda

7567: Endogenous Market Structure and Foreign Market Entry

James Markusen and Stähler, Frank

7566: Ethnic Identity and Social Distance in Friendship Formation

Yves Zenou and Joan De Martí,

7565: Juvenile Delinquency and Conformism

Yves Zenou and Eleonora Patacchini

7564: From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons

Barry Eichengreen, Kevin O'Rourke, ,, Gisela Rua and Miguel Almunia

7563: Communication, Renegotiation, and the Scope for Collusion

Kühn, Kai-Uwe and David Cooper

7562: Competition and Quality Upgrading

Mary Amiti and ,

7561: International Competition and Inflation: A New Keynesian Perspective

López-Salido, J David, Christopher Gust and Luca Guerrieri

7560: A Dynamic Quality Ladder Model with Entry and Exit: Exploring the Equilibrium Correspondence Using the Homotopy Method

Ulrich Doraszelski, Yaroslav Kryukov and Ron N. Borkovsky

7559: Individual and Corporate Social Responsibility

Jean Tirole and Bénabou, Roland

7558: Technological adoption in health care

Xavier Martinez-Giralt and Pedro Barros

7557: Short-Selling Bans around the World: Evidence from the 2007-09 Crisis

Marco Pagano and Alessandro Beber

7556: Credit Ratings Failures and Policy Options

Marco Pagano and Paolo Volpin

7555: Estimated Interest Rate Rules: Do they Determine Determinacy Properties?

Henrik Jensen

7554: Political Support and Tax Compliance: A Social Interaction Approach

Chaim Fershtman and Vilen Lipatov

7553: The Gravity of Knowledge

Wolfgang Keller and Stephen Yeaple

7552: Out of Sight, Out of Mind: Migration, Entrepreneurship and Social Capital

Yves Zenou and Jackline Wahba

7551: Liquidity cycles and make/take fees in electronic markets

Thierry Foucault, Eugene Kandel and Ohad Kadan

7550: On Quality Bias and Inflation Targets

Martín Uribe and Schmitt-Grohé, Stephanie

7549: Foreign Demand for Domestic Currency and the Optimal Rate of Inflation

Martín Uribe and Schmitt-Grohé, Stephanie

7548: Dynamic Female Labor Supply

Zvi Eckstein and Osnat Lifshitz

7547: A Preferred-Habitat Model of the Term Structure of Interest Rates

Dimitri Vayanos and ,

7546: Depression Econometrics: A FAVAR Model of Monetary Policy During the Great Depression

Albrecht Ritschl and Pooyan Amir Ahmadi

7545: Tear Down this Wall: On the Persistence of Borders in Trade

Volker Nitsch and Nikolaus Wolf

7544: A Banking Explanation of the US Velocity of Money: 1919-2004

Michal Kejak, Max Gillman and Szilard Benk

7543: Families as Roommates: Changes in U.S. Household Size from 1850 to 2000

Michele Tertilt, Todd Schoellman and Alejandrina Salcedo

7542: Macroeconomic Forecasting and Structural Change

Domenico Giannone, D’Agostino, Antonello and Luca Gambetti

7541: How Effective Are Unemployment Benefit Sanctions?

Jan C. van Ours, Rafael Lalive and Patrick Arni

7540: Foreign Currency Borrowing by Small Firms

Steven Ongena, Martin Brown and Yeşin, Pınar

7539: The 'Puzzles' Methodology: en route to Indirect Inference?

A. Patrick Minford, Michael Wickens and Vo Phuong Mai Le

7538: Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006

Giovanni Violante, Jonathan Heathcote and Fabrizio Perri

7537: How much nominal rigidity is there in the US Economy? Testing a New Keynesian DSGE model using indirect inference

A. Patrick Minford, Michael Wickens and Vo Phuong Mai Le

7536: Culture, Policies and Labor Market Outcomes

Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli

7535: Cross-border spillovers from fiscal stimulus

Giancarlo Corsetti, Müller, Gernot and Andre Meier

7534: Micro, Macro, and Strategic Forces in International Trade Invoicing

Linda Goldberg and Cédric Tille

7533: Does Public Governance Always Matter? How Experience of Poor Institutional Quality Influences FDI to the South

Ian Wooton, Julia Darby and Rodolphe Desbordes

7532: Financial health, exports, and firm survival: A comparison of British and French firms

Görg, Holger and Marina-Eliza Spaliara

7531: Isolation and Development

Oded Galor and Quamrul Ashraf

7530: The Determinants of Intra-Firm Trade

Thierry Verdier, Giordano Mion, Delphine Irac and Gregory Corcos

7529: Measuring attention and strategic behavior in games with private information

Juan D. Carrillo, Colin Camerer, Isabelle Brocas and Stephanie Wang

7528: Paulson's Gift

Luigi Zingales and Pietro Veronesi

7527: Breach, Remedies and Dispute Settlement in Trade Agreements

Robert Staiger and Giovanni Maggi

7526: Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative

Roger Farmer

7525: Why is there a spike in the job finding rate at benefit exhaustion?

Jan C. van Ours and Jan Boone

7524: Regulatory Competition and Bank Risk Taking

Itai Agur

7523: Integration of the North American economy and new-paradigm globalisation

Richard Baldwin

7522: Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate

Tirthankar Roy

7521: A Dynamic Model of Network Formation with Strategic Interactions

Yves Zenou, Michael Koenig and Claudio J. Tessone

7520: Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains

Reto Foellmi and Manuel Oechslin

7519: 2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory

Oded Galor

7518: Money in monetary policy design: Monetary cross-checking in the New-Keynesian model

Volker Wieland and Guenter Beck

7517: Qualitative Effects of Cash-For-Clunkers Programs

Eugenio Miravete and Maria Moral

7516: Efficient Recapitalization

Thomas Philippon and Philipp Schnabl

7515: Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence

Joseph Clougherty

7514: Conventional and Unconventional Monetary Policy

Michael Woodford and Vasco Cúrdia

7513: Macro-Hedging for Commodity Exporters

Olivier Jeanne, Eduardo Borensztein and Damiano Sandri

7512: Heterogeneous Class Size Effects: New Evidence from a Panel of University Students

Oriana Bandiera, Imran Rasul and Valentino Larcinese

7511: Waiting to imitate: on the dynamic pricing of knowledge

Carlos Ponce

7510: A defence of the FOMC

Thomas Sargent and Martin Ellison

7509: Monetary-Fiscal Policy Interactions and Fiscal Stimulus

Eric Leeper

7508: Predicting recoveries and the importance of using enough information

Wouter Den Haan and Xiaoming Cai

7507: The Myth of Financial Innovation and the Great Moderation

Wouter Den Haan and Vincent Sterk

7506: Dynamic Trading and Asset Prices: Keynes vs. Hayek

Xavier Vives and Giovanni Cespa

7505: Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks

Morten Ravn and Karel Mertens

7504: One TV, One Price?

Morten Ravn, Helene Rey, Jean Imbs and Haroon Mumtaz

7503: International Trade, Foreign Direct Investment, and Technology Spillovers

Wolfgang Keller

7502: Labor Market Rigidities, Trade, and Unemployment

Elhanan Helpman and Oleg Itskhoki

7501: The Political Economy of Redistribution in the U.S. in the Aftermath of World War II and the Delayed Impacts of the Great Depre

Alex Cukierman, Roel Beetsma and Massimo Giuliodori

7500: The Macroeconomic Costs and Benefits of the EMU and other Monetary Unions: An Overview of Recent Research

Roel Beetsma and Massimo Giuliodori

7499: Government Bond Risk Premiums in the EU revisited: The Impact of the Financial Crisis

Juergen von Hagen, Ludger Schuknecht and Guido Wolswijk

7498: Internal Rationality and Asset Prices

Albert Marcet and Klaus Adam

7497: Dynamic Incentive Accounts

Xavier Gabaix, Yuliy Sannikov, Alex Edmans and Tomasz Sadzik

7496: Village Economies and the Structure of Extended Family Networks

Manuela Angelucci, Imran Rasul, Giacomo De Giorgi and Marcos A. Rangel

7495: Financial Crises and Economic Activity

Stephen Cecchetti, Marion Kohler and ,

7494: What Can Be Learned from Crisis-Era Protectionism? An Initial Assessment

Simon Evenett

7493: How do different exporters react to exchange rate changes? Theory, empirics and aggregate implications

Philippe Martin, Thierry Mayer and Nicolas Berman

7492: What do Russians think about transition?

Irina Denisova, Ekaterina Zhuravskaya and Markus Eller

7491: Spillovers through backward linkages from multinationals: Measurement matters!

Eric Strobl, Salvador Barrios and Görg, Holger

7490: Does the welfare state make older workers unemployable?

Gilles Saint-Paul

7489: Spain is Different: Falling Trends of Inequality

Sánchez-Marcos, Virginia and Josep Pijoan-Mas

7488: Real Effects of Bank Governance: Bank Ownership and Corporate Innovation

Beatrice Weder di Mauro, Rainer Haselmann and Katharina Marsch

7487: A New Payment Rule for Core-Selecting Package Auctions

Paul Klemperer and Aytek Erdil

7486: Firm Dynamics Support the Importance of the Embodied Question

Omar Licandro and Alain Gabler

7485: Marriage and Emancipation in The Age of The Pill

Lena Edlund and Cecilia Machado

7484: Non-Separable Preferences and Frisch Labor Supply: One Solution to a Fiscal Policy Puzzle

Florin Bilbiie

7483: Incentives and Tranche Retention in Securitisation: A Screening Model

Janet Mitchell and Ingo Fender

7482: Delegating Optimal Monetary Policy Inertia

Florin Bilbiie

7481: Evaluating Monetary Policy

Lars Svensson

7480: Growth After the Crisis

Dani Rodrik

7479: Spatial Development

Klaus Desmet and Esteban Rossi-Hansberg

7478: The Political Economy of Ethnolinguistic Cleavages

Romain Wacziarg, Klaus Desmet and Ortuño-Ortin, Ignacio

7477: Indeterminacy of Competitive Equilibrium with Risk of Default

Pietro Reichlin, Gaetano Bloise and Mario Tirelli

7476: Adversarial versus Inquisitorial Testimony

Winand Emons and Claude Fluet

7475: Estimating Gender Differences in Access to Jobs: Females Trapped at the Bottom of the Ladder

Laurent Gobillon, Dominique Meurs and Sébastien Roux

7474: Methods versus Substance: Measuring the Effects of Technology Shocks on Hours

Frank Schorfheide, Cristina Fuentes-Albero, Maxym Kryshko and Santaeulà lia-Llopis, Raül

7473: The Impact of Training on Productivity and Wages: Firm Level Evidence

Jozef Konings and ,