CEPR Discussion Papers

From Centre for Economic Policy Research
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8960: A Theory of Political Entrenchment

Gilles Saint-Paul, Davide Ticchi and Andrea Vindigni

8959: Some Properties of Autocoherent Models

Gilles Saint-Paul

8958: Current Account Imbalances in Europe

Philip Lane and Barbara Pels

8957: Euro Area Money Demand and International Portfolio Allocation: A Contribution to Assessing Risks to Price Stability

Carlo Favero, Roberto De Santis and Barbara Roffia

8956: The Effect of Conventional and Unconventional Monetary Policy Rules on Inflation Expectations: Theory and Evidence

Roger Farmer

8955: Fiscal Consolidation in an Open Economy

Lindé, Jesper and Christopher Erceg

8954: How Trade Credits Foster International Trade

Monika Schnitzer, Katharina Eck and Martina Engemann

8953: A dynamic analysis of bank bailouts and constructive ambiguity

Sylvester Eijffinger and Rob Nijskens

8952: Super-Additionality: A Neglected Force in Markets for Carbon Offsets

Ravi Kanbur, Benjamin Leard and Antonio Bento

8951: Structural Reforms and Regional Convergence

Antonio Spilimbergo and Natasha Xingyuan Che

8950: Asia?s Growth, the Changing Geography of World Trade, and Food Security: Projections to 2030

Kym Anderson and Anna Strutt

8949: Multi-Stage Sequential All-Pay Auctions

Aner Sela and Ella Segev

8948: Dynamic Moral Hazard, Learning and Belief Manipulation

V Bhaskar

8947: The Return of Financial Repression

Carmen Reinhart

8946: A Theory of Optimal Capital Taxation

Thomas Piketty and Emmanuel Saez

8945: Does Misinformation Demobilize the Electorate? Measuring the Impact of Alleged 'Robocalls' in the 2011 Canadian Election

Anke Kessler and Tom Cornwall

8944: Money, credit, monetary policy and the business cycle in the euro area

Lucrezia Reichlin, Domenico Giannone and Michele Lenza

8943: The use of tax havens in exemption regimes

James Hines, Monika Schnitzer and Anna Gumpert

8942: Trade liberalization and credit constraints: Why opening up may fail to promote convergence

Monika Schnitzer and Katrin Peters

8941: Choosing a Champion: Party Membership and Policy Platform

Simon Anderson and Kieron Meagher

8940: Transfers, Diversification and Household Risk Strategies: Experimental evidence with lessons for climate change adaptation

Karen Macours, Patrick Premand and Renos Vakis

8939: Transparency, Tax Pressure and Access to Finance

Marco Pagano, Tullio Jappelli, Fausto Panunzi and Andrew Ellul

8938: Debt Deleveraging and the Exchange Rate

Pierpaolo Benigno and Federica Romei

8937: Protectionism Isn?t Counter-Cyclic (anymore)

Andrew Rose

8936: Competition for Managers and Corporate Governance

Viral Acharya, Paolo Volpin and Marc Gabarro

8935: (Re-) Shaping Hatred: Anti-Semitic Attitudes in Germany, 1890-2006

Hans-Joachim Voth and Voigtländer, Nico

8934: Household Finance: An Emerging Field

Luigi Guiso

8933: Inflation Forecast Contracts

Hans Gersbach and Volker Hahn

8932: The Role of Social Networks and Peer Effects in Education Transmission

Yves Zenou, Calvó-Armengol, Antoni and Sebastian Bervoets

8931: Exports and Wages: Rent Sharing, Workforce Composition or Returns to Skills?

Fabiano Schivardi

8930: Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence

Dave Donaldson and Arnaud Costinot

8929: Lifetime earnings inequality in Germany

Giacomo Corneo, Timm Boenke and Lüthen, Holger

8928: Monetary policy responses to oil price fluctuations

Lutz Kilian, Martin Bodenstein and Luca Guerrieri

8927: A proposal for the resolution of systemically important assets and liabilities: The case of the repo market

Viral Acharya and Öncü, T Sabri

8926: Getting Ready: Preparation for Exporting

Beata Javorcik and Leonardo Iacovone

8925: The Optimal Control of Infectious Diseases via Prevention and Treatment

Robert Rowthorn and Flavio Toxvaerd

8924: Understanding Bubbly Episodes

Jaume Ventura, Vasco Carvalho and Martín, Alberto

8923: Product quality, competition, and multi-purchasing

Simon Anderson, Hans Jarle Kind and Øystein Foros

8922: How Can Bill and Melinda Gates Increase Other People's Donations to Fund Public Goods?

John List and Dean Karlan

8921: The Role of Salience in Performance Schemes: Evidence from a Field Experiment

Uwe Sunde, Andreas Roider and Florian Englmaier

8920: Sorting and local wage and skill distributions in France

Gilles Duranton, Pierre-Philippe Combes, Laurent Gobillon and Sébastien Roux

8919: Human Capital, Innovation, and Climate Policy: An Integrated Assessment

Carlo Carraro, Massimo Tavoni and Enrica De Cian

8918: Real exchange rate adjustment, wage-setting institutions, and fiscal stabilization policy: Lessons of the Eurozone?s first decade

Wendy Carlin

8917: Bayesian Model Averaging, Learning and Model Selection

Seppo Honkapohja, Thomas Sargent, George Evans and Noah Williams

8916: The Role of Speculation in Oil Markets: What Have We Learned So Far?

Lutz Kilian, Bassam Fattouh and Lavan Mahadeva

8915: Household Responses to Information on Child Nutrition: Experimental Evidence from Malawi

Alice Mesnard, Vera-Hernández, Marcos, Emla Fitzsimons and Bansi Malde

8914: Borrow Cheap, Buy High? The Determinants of Leverage and Pricing in Buyouts

Tim Jenkinson, Michael Weisbach, Strömberg, Per and Ulf Axelson

8913: Aggregate Risk and the Choice between Cash and Lines of Credit

Viral Acharya, Heitor Almeida and Murillo Campello

8912: Greenfield FDI and Skill Upgrading

Ronald Davies and Rodolphe Desbordes

8911: Import Prices, Income, and Inequality

Joseph Francois, Miriam Manchin and Eddy Bekkers

8910: Backwards Integration and Strategic Delegation

Konrad Stahl, Röller, Lars Hendrik and Matthias Hunold

8909: Adaptation Can Help Mitigation: An Integrated Approach to Post-2012 Climate Policy

Carlo Carraro, Francesco Bosello and Enrica De Cian

8908: Awareness and AIDS: A Political Economy Perspective

Jean-Marie Baland and Gani Aldashev

8907: Migration to the Cloud Ecosystem: Ushering in a New Generation of Platform Competition

Chaim Fershtman and Neil Gandal

8906: Bilateral Exchange Rates and Jobs

Joseph Francois and Eddy Bekkers

8905: Seeking Alpha: Excess Risk Taking and Competition for Managerial Talent

Marco Pagano, Viral Acharya and Paolo Volpin

8904: Aspirations, Well-being, Risk-Aversion and Loss-Aversion

Kees Koedijk, Rachel Pownall and Meir Statman

8903: International trade in natural resources: Practice and policy

Anthony Venables and Michele Ruta

8902: The world?s oldest fiscal watchdog: CPB?s analyses foster consensus on economic policy

C. N. Teulings and Frits Bos

8901: Decentralized Deterrence, with an Application to Labor Tax Auditing

Nicolas Sahuguet, Nicola Persico and Edoardo Di Porto

8900: Prices, Markups and Trade Reform

Pinelopi Goldberg, Nina Pavcnik, Jan De Loecker and Amit Khandelwal

8899: Can Rare Events Explain the Equity Premium Puzzle?

Christian Julliard and Anisha Ghosh

8898: Change You Can Believe In? Hedge Fund Data Revisions

Andrew Patton and Michael Streatfield

8897: The Procyclical Effects of Bank Capital Regulation

Rafael Repullo and Javier Suarez

8896: Green Shoots and Double Dips in the Euro Area. A Real Time Measure

Pérez Quirós, Gabriel, Pilar Poncela and Maximo Camacho

8895: Energy and Climate Change in China

Carlo Carraro and Emanuele Massetti

8894: Common Drifting Volatility in Large Bayesian VARs

Massimiliano Marcellino, Andrea Carriero and Todd Clark

8893: Financial Globalization, Inequality, and the Raising of Public Debt

Vincenzo Quadrini, Eva de Francisco and Marina Azzimonti

8892: Policy Change and Learning in the RBC Model

Seppo Honkapohja, George Evans and Kaushik Mitra

8891: Fiscal Policy and Learning

Seppo Honkapohja, George Evans and Kaushik Mitra

8890: On the optimal supply of liquidity with borrowing constraints

Francesco Lippi and Nicholas Trachter

8889: The Dynamics of Homeownership Among the 50+ in Europe

Guglielmo Weber, Agar Brugiavini and Viola Angelini

8888: Does the Current Account Still Matter?

Maurice Obstfeld

8887: The Impact of Consulting Services on Small and Medium Enterprises: Evidence from a Randomized Trial in Mexico

Antoinette Schoar, Dean Karlan and Miriam Bruhn

8886: How children?s schooling and work is affected when their father leaves permanently: Evidence from Colombia

Alice Mesnard and Emla Fitzsimons

8885: Sons or Daughters? Endogenous Sex Preferences and the Reversal of the Gender Educational Gap

Moshe Hazan and Hosny Zoabi

8884: Technological Change, Trade in Intermediates and the Joint Impact on Productivity

Karen Helene Ulltveit-Moe, Andreas Moxnes and Bøler, Esther Ann

8883: On the Measurement of Trade Costs: Direct vs. Indirect Approaches to Quantifying Standards and Technical Regulations

Natalie Chen and Dennis Novy

8882: Infrastructure and regional growth in the European Union

Rodríguez-Pose, Andrés and Riccardo Crescenzi

8881: The Organization of European Multinationals

Dalia Marin and Linda Rousová

8880: The Theory of the Firm goes Global

Dalia Marin

8879: What Explains the Rise in CEO Pay in Germany? A Panel Data Analysis for 1977-2009

Dalia Marin and Francesca Fabbri

8878: Can the Failing Firm Defense Rule be Counterproductive?

Helder Vasconcelos

8877: Flexibility and Collusion with Imperfect Monitoring

Giancarlo Spagnolo, Jan Potters and Maria Bigoni

8876: Right Wing Political Extremism in the Great Depression

Barry Eichengreen, Kevin O'Rourke and Alan de Bromhead

8875: Macro-Financial Linkages: evidence from country-specific VARs

Paolo Guarda and Philippe Jeanfils

8874: On the Road: Access to Transportation Infrastructure and Economic Growth in China

Abhijit Banerjee, Esther Duflo and Nancy Qian

8873: Run For Fun: Intrinsic Motivation and Physical Performance

Jan C. van Ours and Antonio Filippin

8872: A Darwinian Perspective on "Exchange Rate Undervaluation"

Shang-Jin Wei and Qingyuan Du

8871: Income Growth and Institutional Quality: Evidence from International Oil Price Shocks

Mark Gradstein and Brückner, Markus

8870: Innovation Beyond Patents: Technological Complexity as a Protection against Imitation

Francisco Ruiz-Aliseda

8869: Can Institutions Be Reformed from Within? Evidence from a Randomized Experiment with the Rajasthan Police

Abhijit Banerjee, Esther Duflo, ,, Daniel Keniston and Nina Singh

8868: Salience, Risky Choices and Gender

Alison Booth and Patrick Nolen

8867: Finite sample performance of small versus large scale dynamic factor models

Pérez Quirós, Gabriel, Maximo Camacho and Rocio Alvarez

8866: Markov-switching dynamic factor models in real time

Pérez Quirós, Gabriel, Pilar Poncela and Maximo Camacho

8865: Extracting nonlinear signals from several economic indicators

Pérez Quirós, Gabriel, Pilar Poncela and Maximo Camacho

8864: Explaining the Spread of Temporary Jobs and its Impact on Labor Turnover

Pierre Cahuc, Franck Malherbet and Olivier Charlot

8863: Price setting with menu cost for multi-product firms

Fernando Alvarez and Francesco Lippi

8862: Endogenous Product Choice: A Progress Report

Gregory Crawford

8861: Aid and Agency in Africa: Explaining Food Disbursements Across Ethiopian Households, 1994-2004

Rohini Somanathan, Stefan Dercon and Nzinga Broussard