CEPR Discussion Papers

From Centre for Economic Policy Research
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8660: The Environment and Directed Technical Change

Philippe Aghion, Daron Acemoglu, Hémous, David and Leonardo Bursztyn

8659: Expectations and Fiscal Policy: An Empirical Investigation

Roberto Perotti

8658: The "Austerity Myth": Gain without Pain?

Roberto Perotti

8657: Taxes and the Labor Market

Roberto Perotti, Tommaso Monacelli and Antonella Trigari

8656: Productivity, Relationship-Specific Inputs and the Sourcing Modes of Multinationals

Farid Toubal and Fabrice Defever

8655: Internal Geography and External Trade: regional disparities in Italy, 1861-2011

Anthony Venables and Brian A'Hearn

8654: On the Distribution of Exchange Rate Regime Treatment Effects on International Trade

Peter Egger and Sabrina Dorn

8653: Immigration and the School System

Esther Hauk and Facundo Albornoz

8652: A Dynamic General Equilibrium Analysis of Monetary Policy Rules, Adverse Selection and Long-Run Financial Risk

Sylvester Eijffinger, Hans Blommestein and Zongxin Qian

8651: Sovereign CDS and Bond Pricing Dynamics in the Euro-area

Richard Portes and Giorgia Palladini

8650: Persistent Liquidity Effects and Long Run Money Demand

Fernando Alvarez and Francesco Lippi

8649: When Bonds Matter: Home Bias in Goods and Assets

Pierre-Olivier Gourinchas and Nicolas Coeurdacier

8648: Sovereigns, Upstream Capital Flows, and Global Imbalances

Sebnem Kalemli-Ozcan, Vadym Volosovych and Laura Alfaro

8647: How Big are the Gains from International Financial Integration?

Sebnem Kalemli-Ozcan, Dietrich Vollrath and Indrit Hoxha

8646: The Effect of Education on Criminal Convictions and Incarceration: Causal Evidence from Micro-data

Helena Holmlund, Randi Hjalmarsson and Matthew Lindquist

8645: Academic Dynasties: Decentralization and Familism in the Italian Academia

Roberto Perotti and Giovanna Labartino

8644: Land deals in Africa: pioneers and speculators

Anthony Venables and Paul Collier

8643: Risk Sharing through Capital Gains

Sørensen, Bent E, Sebnem Kalemli-Ozcan and Faruk Balli

8642: Supply-Side Policies and the Zero Lower Bound

Rubio-Ramírez, Juan Francisco, Fernández-Villaverde, Jesús and Pablo Guerron

8641: Redistribution and the Multiplier

Roberto Perotti and Tommaso Monacelli

8640: Your place or mine? On the residence choice of young couples in Norway

Kjell Lommerud, Shelly Lundberg and Løken, Katrine

8639: A Linder Hypothesis for Foreign Direct Investment

Elhanan Helpman, Gene Grossman and Pablo Fajgelbaum

8638: Impact Evaluation of Trade Interventions: Paving the Way

Aaditya Mattoo, Olivier Cadot, Ana Fernandes and Julien Gourdon

8637: Sovereign spreads in the Euro area: Which prospects for a Eurobond?

Alessandro Missale and Carlo Favero

8636: Add-on Pricing, Naive Consumers, and the Hidden Welfare Costs of Education

Michael Kosfeld and Schüwer, Ulrich

8635: Can Oil Prices Forecast Exchange Rates?

Kenneth Rogoff, Barbara Rossi and Domenico Ferraro

8634: Raising the Financial Costs of Children and Fertility Responses: Evidence from the Kibbutz

Moshe Hazan, Avi Simhon and Avraham Ebenstein

8633: A Dynamic theory of electoral competition

Marco Battaglini

8632: Professional Network and Career Coevolution

Paul Seabright and Nicoletta Berardi

8631: Unconditional Convergence

Dani Rodrik

8630: The impact of dark trading and visible fragmentation on market quality

Frank de Jong, Hans Degryse and Vincent van Kervel

8629: The Benefits of Sequential Screening

Roland Strausz and Krähmer, Daniel

8628: Services offshoring and wages: Evidence from micro data

Görg, Holger and Ingo Geishecker

8627: The Disappearing Gender Gap: The Impact of Divorce, Wages, and Preferences on Education Choices and Women's Work

Fernández, Raquel and Joyce Cheng Wong

8626: Inattention to Rare Events

Bartosz Maćkowiak and Mirko Wiederholt

8625: Teaching Practices and Social Capital

Andrei Shleifer, Pierre Cahuc and Yann Algan

8624: Housing and the Macroeconomy: The Role of Bailout Guarantees for Government Sponsored Enterprises

Dirk Krueger, Karsten Jeske and Kurt Mitman

8623: The Old Boy Network: Gender Differences in the Impact of Social Networks on Remuneration in Top Executive Jobs

Paul Seabright and Marie Lalanne

8622: Government Spending Cyclicality: Evidence from Rainfall Shocks as an Instrument for Cyclical Income

Mark Gradstein and Brückner, Markus

8621: Diversity and Public Goods: a Natural Experiment with Exogeneous Residential Allocation

Yann Algan, David Laitin and Hémet, Camille

8620: Do Giant Oilfield Discoveries Fuel Internal Armed Conflicts?

Guy Michaels and Yu-Hsiang Lei

8619: Industrial Policy and Competition

Mathias Dewatripont, Philippe Aghion, Ann Harrison, Liqun Du and Patrick Legros

8618: Regulation, Privatization, and Airport Charges: Panel Data Evidence from European Airports

Joseph Clougherty, Anming Zhang, Volodymyr Bilotkach and Juergen Mueller

8617: The Stock Market Crash of 2008 Caused the Great Recession: Theory and Evidence

Roger Farmer

8616: Trade and regional inequality

Rodríguez-Pose, Andrés

8615: Intermediaries, transport costs and interlinked transactions

Joe Tharakan and Lefèvre, Mélanie

8614: Global Sourcing of a Complex Good

Johannes Van Biesebroeck and Lijun Zhang

8613: Traded and nontraded goods prices, and international risk sharing: an empirical investigation

Giancarlo Corsetti, Luca Dedola and Francesca Viani

8612: 130 years of fiscal vulnerabilities and currency crashes in advanced economies

Marcel Fratzscher, Isabel Vansteenkiste and Arnaud Mehl

8611: Financial Flows, Financial Crises, and Global Imbalances

Maurice Obstfeld

8610: Fiscal Multipliers Over the Business Cycle

Pascal Michaillat

8609: More Schooling, More Children: Compulsory Schooling Reforms and Fertility in Europe

Rudolf Winter-Ebmer, Nicole Schneeweis and Margherita Fort

8608: Optimal income taxation with tax avoidance

Georges Casamatta

8607: Private Provision of Public Goods and Information Diffusion in Social Groups

Kimberley Scharf

8606: Scale Economies in Nonprofit Provision, Technology Adoption and Entry

Kimberley Scharf

8605: Multi-Trait Matching and Intergenerational Mobility: A Cinderella Story

Natalie Chen, Carlo Perroni and Paola Conconi

8604: Incorporating theoretical restrictions into forecasting by projection methods

Raffaella Giacomini and Giuseppe Ragusa

8603: Complementing Bagehot: Illiquidity and insolvency resolution

Sylvester Eijffinger and Rob Nijskens

8602: When bigger isn?t better: Bail outs and bank behaviour

Marcus Miller and Han Hao Li

8601: Political Uncertainty and Risk Premia

Pietro Veronesi and Pástor, Luboš

8600: Heterogeneous Firm-Level Responses to Trade Liberalization: A Test Using Stock Price Reactions

Holger Breinlich

8599: The Democratic Transition

Romain Wacziarg and Fabrice Murtin

8598: Grossman-Hart (1986) Goes Global: Incomplete Contracts, Property Rights, and the International Organization of Production

Pol Antrà s

8597: The Impact of Trade Promotion Services on Canadian Exporter Performance

Johannes Van Biesebroeck, Emily Yu and Shenjie Chen

8596: Surviving the crisis: Foreign multinationals vs domestic firms in Ireland

Görg, Holger, Aoife Hanley and Olivier Godart

8595: Weak Governments and Trade Agreements

Marcelo Olarreaga, Jean-Louis Arcand and Laura Zoratto

8594: Pro-poor trade policy in Sub-Saharan Africa

Marcelo Olarreaga, Alessandro Nicita and Guido Porto

8593: Interstate Risk Sharing in Germany:1970-2006

Juergen von Hagen and Ralf Hepp

8592: Who Shrunk China? Puzzles in the Measurement of Real GDP

J. Peter Neary, Robert Feenstra, Hong Ma and D.S. Prasada Rao

8591: Gross Capital Flows: Dynamics and Crises

Sergio Schmukler, Fernando Broner, Aitor Erce and Tatiana Didier

8590: Do Highly Educated Women Choose Smaller Families?

Moshe Hazan and Hosny Zoabi

8589: Race v. Suffrage: The Determinants of Development in Mississippi

Graziella Bertocchi and Arcangelo Dimico

8588: New Business Start-ups and the Business Cycle

Melvyn Coles and Ali Moghaddasi Kelishomi

8587: Delegated Activism and Disclosure

Amil Dasgupta and Konstantinos Zachariadis

8586: Human Development in Africa: A Long-run Perspective

Leandro Prados de la Escosura

8585: Sinking, Swimming, or Learning to Swim in Medicare Part D

Eugenio Miravete, Jonathan Ketcham, Claudio Lucarelli and M Christopher Roebuck

8584: Nested logit or random coefficients logit? A comparison of alternative discrete choice models of product differentiation

Frank Verboven and Laura Grigolon

8583: Why are firms that export cleaner? International trade and CO2 emissions

Karen Helene Ulltveit-Moe, Rikard Forslid and Toshihiro Okubo

8582: Explaining the Black/White Employment Gap: The Role of Weak Ties

Yves Zenou

8581: The Price Effects of Cash Versus In-Kind Transfers

Giacomo De Giorgi, Seema Jayachandran and Jesse Cunha

8580: Costly Contracts and Consumer Credit

Michele Tertilt, Igor Livshits and James (Jim) MacGee

8579: Industries at the World Technology Frontier: Measuring R&D Efficiency in a Non-Parametric DEA Framework

Jens Schmidt-Ehmcke and Petra Zloczysti

8578: The delegated Lucas tree

Ron Kaniel and Péter Kondor

8577: How Effective Is Monetary Transmission in Developing Countries? A Survey of the Empirical Evidence

Peter Montiel, Antonio Spilimbergo and Prachi Mishra

8576: Financial-Friction Macroeconomics with Highly Leveraged Financial Institutions

David Vines and Sheung Kan Luk

8575: Income inequality, decentralisation and regional development in Western Europe

Andy Pike, John Tomaney, Rodríguez-Pose, Andrés, Vassilis Tselios and Gianpiero Torrisi

8574: Medium Term Business Cycles in Developing Countries

Servén, Luis, Norman Loayza, Diego Comin and Farooq Pasha

8573: Trading and Enforcing Patent Rights

Mark Schankerman, Carlos Serrano and Alberto Galasso

8572: Spatial frictions

Südekum, Jens, Giordano Mion, Yasusada Murata and Kristian Behrens

8571: Nudging with information: a randomized field experiment on reminders and feedback

Giacomo Calzolari and Mattia Nardotto

8570: Tax havens or safe havens

Jacques Thisse, Patrice Pieretti and Skerdilajda Zanaj

8569: Learning From Stock Prices and Economic Growth

Joel Peress

8568: Returns to Education across Europe

Viktor Steiner and Daniela Glocker

8567: The Financial Crisis and the Geography of Wealth Transfers

Helene Rey, Pierre-Olivier Gourinchas and Kai Alexander Truempler

8566: Who Benefits from Regional Trade Agreements? The View from the Stock Market

Andrew Rose and Christoph Moser

8565: Optimal Monetary Policy with Endogenous Entry and Product Variety

Fabio Ghironi, Florin Bilbiie and Ippei Fujiwara

8564: Endogenous Entry, Product Variety, and Business Cycles

Fabio Ghironi, Marc Melitz and Florin Bilbiie

8563: Estimating Income Elasticity of Government Expenditures: Evidence from Oil Price Shocks

Mark Gradstein, Alberto Chong and Brückner, Markus

8562: A Model of the Consumption Response to Fiscal Stimulus Payments

Giovanni Violante and Greg Kaplan

8561: Policymakers' Horizon and Trade Reforms: The Protectionist Effect of Elections

Maurizio Zanardi, Giovanni Facchini and Paola Conconi