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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6671: Interest Group Politics in a Federation

Sergei Guriev, Ekaterina Zhuravskaya and Evgeny Yakovlev

6670: Incentives Versus Sorting in Tournaments: Evidence from a Field Experiment

Hessel Oosterbeek, Bas van der Klaauw, Edwin Leuven and Joep Sonnemans

6669: Does Competition Reduce the Risk of Bank Failure?

Rafael Repullo and David Martinez-Miera

6668: Procrastination and Impatience

Luigi Zingales, Paola Sapienza and Ernesto Reuben

6667: More Women Missing, Fewer Girls Dying: The Impact of Abortion on Sex Ratios at Birth and Excess Female Mortality in Taiwan

Nancy Qian, Ming-Jen Lin and Jin-Tan Liu

6666: The Big Carrot: High Stake Incentives Revisited

Shoshana Neuman, Brañas-Garza, Pablo and García-Muñoz, Teresa

6665: Publications: German Economic Research Institutes on Track

Klaus Zimmermann and Rolf Ketzler

6664: Advance-Purchase Discounts as a Price Discrimination Device

Volker Nocke and Martin Peitz

6663: Price Variation Antagonism and Firm Pricing Policies

Pascal Courty and Mario Pagliero

6662: Does Responsive Pricing Smooth Demand Shocks?

Pascal Courty and Mario Pagliero

6661: Formal and Informal Risk Sharing in LDCs: Theory and Empirical Evidence

Bruno Jullien, Thierry Magnac and Pierre Dubois

6660: Varieties and the Transfer Problem: the Extensive Margin of Current Account Adjustment

Paolo Pesenti, Philippe Martin and Giancarlo Corsetti

6659: Civil Wars and International Trade

Philippe Martin and Thierry Mayer

6658: Creditor Protection, Contagion, and Stock Market Price Volatility

Assaf Razin, Galina Hale and Hui Tong

6657: Social Capital as Good Culture

Luigi Guiso, Luigi Zingales and Paola Sapienza

6656: Naturalization Proclivities, Ethnicity and Integration

Klaus Zimmermann, Amelie Constant and Liliya Gataullina

6655: Where Did All The Borrowing Go? A Forensic Analysis of the U.S. External Position

Gian Maria Milesi-Ferretti and Philip Lane

6654: Should the Euro Area be Run as a Closed Economy?

Francesco Giavazzi and Carlo Favero

6653: Escaping Epidemics Through Migration? Quarantine Measures Under Asymmetric Information About Infection Risk

Paul Seabright and Alice Mesnard

6652: Banking Permits: Economic Efficiency and Distributional Effects

Carlo Carraro, Valentina Bosetti and Emanuele Massetti

6651: Migration and The Equilibrium Prevalence of Infectious Diseases

Paul Seabright and Alice Mesnard

6650: Monetary Factors and Inflation in Japan

Stefan Gerlach, Katrin Assenmacher and Toshitaka Sekine

6649: How Does Liquidity Affect Government Bond Yields?

Ernst-Ludwig von Thadden, Marco Pagano and Carlo Favero

6648: Higher Order Expectations in Asset Pricing

Philippe Bacchetta and Eric van Wincoop

6647: The Role of Portfolio Constraints in the International Propagation of Shocks

Roberto Rigobon and Anna Pavlova

6646: Tax-Adjusted Discount Rates with Investor Taxes and Risky Debt

Ian Cooper and Kjell Nyborg

6645: Rhineland Exit?

C. N. Teulings and Lans Bovenberg

6644: Strikes as the 'Tip of the Iceberg' in a Theory of Firm-Union Cooperation

Robert Gary-Bobo and Touria Jaaidane

6643: Can Pay Regulation Kill? Panel Data Evidence on the Effect of Labour Markets on Hospital Performance

John van Reenen, Carol Propper and ,

6642: Sui Generis EMU

Barry Eichengreen

6641: Robust Learning Stability with Operational Monetary Policy Rules

Seppo Honkapohja and George Evans

6640: Expectations, Learning and Monetary Policy: An Overview of Recent Rersearch

Seppo Honkapohja and George Evans

6639: Economic, Political, and Institutional Prerequisites for Monetary Union Among the Members of the Gulf Cooperation Council

Willem Buiter

6638: Exchange Rates and Fundamentals: Footloose or Evolving Relationship?

Lucio Sarno and Giorgio Valente

6637: Entry Barriers in Retail Trade

Fabiano Schivardi and Eliana Viviano

6636: R&D and Productivity: Estimating Production Functions when Productivity is Endogenous

Jordi Jaumandreu and Ulrich Doraszelski

6635: Does Interbank Borrowing Reduce Bank Risk?

Juergen von Hagen and Valeriya Dinger

6634: From Cities to Productivity and Growth in Developing Countries

Gilles Duranton

6633: Urban Growth and Transportation

Gilles Duranton and Matthew Turner

6632: On the Sources of the Great Moderation

Galí, Jordi and Luca Gambetti

6631: The Macroeconomic Effects of Oil Shocks: Why are the 2000s so Different from the 1970s?

Olivier Blanchard and Galí, Jordi

6630: Moral Hazard, Collateral and Liquidity

Viral Acharya and S Viswanathan

6629: Unravelling Secularization: an International Study

Shoshana Neuman, Brañas-Garza, Pablo and García-Muñoz, Teresa

6628: The Baby Boom and World War II: A Macroeconomic Analysis

Yishay Maoz, Moshe Hazan and Matthias Doepke

6627: Corporate Governance Externalities

Viral Acharya and Paolo Volpin

6626: Investment Incentives and Auction Design in Electricity Markets

Nils-Henrik von der Fehr, Natalia Fabra and Maria-Angeles de Frutos

6625: The Resistible Decline of European Science

Jacques Thisse, Luc Bauwens and Giordano Mion

6624: Consumer Networks and Firm Reputation: A First Experimental Investigation

Jean-Robert Tyran, Steffen Huck and ,

6623: Learning and Smooth Stopping

Robin Mason and Välimäki, Juuso

6622: More Insiders, More Insider Trading: Evidence from Private Equity Buyouts

Viral Acharya and Tim Johnson

6621: Punishment Without Crime? Prison as a Worker-Discipline Device

Marcus Miller and Jennifer Smith

6620: Constrained Monopoly Pricing with Random Participation

Eugenio Miravete and Gabriel Basaluzzo

6619: Liquidity Risk and Correlation Risk: A Clinical Study of the General Motors and Ford Downgrade of May 2005

Stephen Schaefer, Viral Acharya and Yili Zhang

6618: Mentoring and Segregation: Female-Led Firms and Gender Wage Policies

Rudolf Winter-Ebmer and Ana Rute Cardoso

6617: Declining Home Bias and the Increase in International Risk Sharing: Lessons from European Integration

Michael Artis and Mathias Hoffmann

6616: Reference-Dependent Preferences and Loss Aversion: A Discrete Choice Experiment In the Health-Care Sector

Shoshana Neuman and Einat Neuman

6615: Optimal Taxation with Joint Production of Agriculture and Rural Amenities

Gordon Rausser, Leo Simon and Georges Casamatta

6614: What Makes a Successful Export?

Görg, Holger, Richard Kneller and Muraközy, Balázs

6613: What is Middle Class about the Middle Classes Around the World?

Abhijit Banerjee and Esther Duflo

6612: Agency in Health-Care: Are Medical Care-Givers Perfect Agents?

Shoshana Neuman and Einat Neuman

6611: The Sustainable Debts of Philip II: A Reconstruction of Spain's Fiscal Position, 1560-1598

Hans-Joachim Voth and Mauricio Drelichman

6610: Deregulation of Business

Ekaterina Zhuravskaya and Evgeny Yakovlev

6609: Wage Mobility in Israel: The Effect of Sectoral Concentration

Ana Rute Cardoso, Shoshana Neuman and Adrian Ziderman

6608: Explorations of the Effect of Experience on Preferences for a Health-Care Service

Shoshana Neuman and Einat Neuman

6607: A Simple Model of The Juggernaut Effect of Trade Liberalisation

Richard Baldwin and Frederic Robert-Nicoud

6606: Do Agglomeration Economies Reduce the Sensitivity of Firm Location to Tax Differentials?

Brülhart, Marius, Mario Jametti and Kurt Schmidheiny

6605: Outsourcing, Unemployment and Welfare Policy

Christian Keuschnigg and Evelyn Ribi

6604: Does Immigration Affect the Phillips Curve? Some Evidence for Spain

Juan Dolado, Samuel Bentolila and Juan F Jimeno

6603: Who Wants to Revise Privatization and Why? Evidence from 28 Post-Communist Countries

Irina Denisova, Ekaterina Zhuravskaya, Timothy Frye and Markus Eller

6602: Private School Quality in Italy

Giuseppe Bertola, Daniele Checchi and Veruska Oppedisano

6601: Umbrella Branding and External Certification

Martin Peitz and Hendrik Hakenes

6600: Explaining The Great Moderation: It Is Not The Shocks

Lucrezia Reichlin, Domenico Giannone and Michele Lenza

6599: Are Trade Blocs Building or Stumbling Blocks? New Evidence

Richard Baldwin and Elena Seghezza

6598: An Economic Evaluation of Empirical Exchange Rate Models

Lucio Sarno, Pasquale Della Corte and Ilias Tsiakas

6597: Informality among Formal Firms: Firm-level, Cross-country Evidence on Tax Compliance and Access to Credit

Roberta Gatti and Maddalena Honorati

6596: Lessons from the 2007 Financial Crisis

Willem Buiter

6595: Nominal Debt as a Burden on Monetary Policy

Giorgia Giovannetti, Ramon Marimon, Pedro Teles and Díaz-Giménez, Javier

6594: (Un)Predictability and Macroeconomic Stability

Domenico Giannone, D’Agostino, Antonello and Paolo Surico

6593: Relative Goods? Prices and Pure Inflation

Mark Watson

6592: Investment and Usage of New Technologies: Evidence from a Shared ATM Network

Hans Degryse, Frank Verboven and Stijn Ferrari

6591: Gender Based Taxation and the Division of Family Chores

Alberto Alesina, Andrea Ichino and Loukas Karabarbounis

6590: Export Diversification: What?s behind the Hump?

Olivier Cadot, Vanessa Strauss-Kahn and Carrère, Céline

6589: Culture and Institutions

Guido Tabellini

6588: Advance Information and Asset Prices

Rui Albuquerque and Jianjun Miao

6587: The Business Cycle Implications of Reciprocity in Labour Relations

Jean-Pierre Danthine and André Kurmann

6586: Monetary and Fiscal Policy Interaction with Various Degrees and Types of Commitment

Andrew Hughes Hallett, Jan Libich and Stehlík, Petr

6585: A Stochastic Multiple Players Multi-Issues Bargaining Model for the Piave River Basin

Carlo Carraro and Alessandra Sgobbi

6584: Optimal Credit Risk Transfer, Monitored Finance and Real Investment Activity

Sudipto Bhattacharya and Gabriella Chiesa

6583: Fiddling with Value: Violins as an Investment?

Kathryn Graddy and Philip Margolis

6582: Against 'Gender-based taxation'

Gilles Saint-Paul

6581: Population Ageing, Government Budgets, and Productivity Growth in Politico-Economic Equilibrium

, and Martin Gonzalez-Eiras

6580: Commodity Taxation and Parallel Imports

Nicolas Schmitt and Pascalis Raimondos

6579: Government Risk Premiums in the Bond Market: EMU and Canada

Juergen von Hagen, Ludger Schuknecht and Guido Wolswijk

6578: New Open Economy Macroeconomics

Giancarlo Corsetti

6577: Intertemporal Distortions in the Second Best

Stefania Albanesi and Roc Armenter

6576: A Direct Test of the Buffer Stock Model of Saving

Tullio Jappelli, Luigi Pistaferri and Mario Padula

6575: Team Governance: Empowerment or Hierarchical Control

Guido Friebel and Wendelin Schnedler

6574: The Transmission of Domestic Shocks in Open Economies

López-Salido, J David, Christopher Erceg and Christopher Gust

6573: FDI Spillovers in the Chinese Manufacturing Sector: Evidence of firm heterogeneity

Filip Abraham, Jozef Konings and Veerle Slootmaekers

6572: Some Social Welfare Implications of Behavioural Preferences

Andrea Gallice