CEPR Discussion Papers

From Centre for Economic Policy Research
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8206: Inefficiencies in technology transfer: theory and empirics

Margaret Kyle and Marie-Laure Allain

8205: Understanding the size and profitability of firms: The role of a biological factor

Aldo Rustichini and Luigi Guiso

8204: What drives women out of entrepreneurship? The joint role of testosterone and culture

Aldo Rustichini and Luigi Guiso

8203: Death by Market Power: Reform, Competition and Patient Outcomes in the National Health Service

Martin Gaynor, Carol Propper and Rodrigo Moreno-Serra

8202: Do Migrants Improve Governance at Home? Evidence from a Voting Experiment

Catia Batista and Pedro Vicente

8201: Credit Risk and Disaster Risk

Francois Gourio

8200: Equilibrium selection in a fundamental model of money

Bernardo Guimaraes and Luis Araujo

8199: Monetary Policy, Leverage, and Bank Risk-taking

Giovanni Dell'ariccia, Luc Laeven and Robert Marquez

8198: Optimal portfolio allocation for corporate pension funds

David Miles and David McCarthy

8197: Repayment incentives and the distribution of gains from group lending

Rohini Somanathan, Jean-Marie Baland and Zaki Wahhaj

8196: Selective immigration policies, migrants' education and welfare at origin

Brücker, Herbert and Simone Bertoli

8195: Contracts as Threats: on a Rationale For Rewarding A while Hoping For B

Giancarlo Spagnolo and Elisabetta Iossa

8194: Forecast Rationality Tests Based on Multi-Horizon Bounds

Allan Timmermann and Andrew Patton

8193: Unconventional Fiscal Policy at the Zero Bound

Isabel Correia, Pedro Teles, Juan Pablo Nicolini and Emmanuel Farhi

8192: Monetary Policy in the Media

Helge Berger, Michael Ehrmann and Marcel Fratzscher

8191: Trade and Labor Market Outcomes

Elhanan Helpman, Stephen Redding and Oleg Itskhoki

8190: Who Should Pay for Certification?

Konrad Stahl and Roland Strausz

8189: Does Fiscal Policy Matter? Blinder and Solow Revisited

Roger Farmer and Dmitry Plotnikov

8188: Import competition from and outsourcing to China: a curse or blessing for firms?

Giordano Mion and Linke Zhu

8187: Welfare regimes and the incentives to work and get educated

Rodríguez-Pose, Andrés and Vassilis Tselios

8186: Multi-Product Firms at Home and Away: Cost- versus Quality-based Competence

J. Peter Neary, Beata Javorcik, Carsten Eckel and Leonardo Iacovone

8185: Criminal Networks: Who is the Key Player?

Yves Zenou, ,, Eleonora Patacchini and Xiaodong Liu

8184: Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching

Albrecht Ritschl and Lars Boerner

8183: Sequential All-Pay Auctions with Head Starts

Aner Sela and Ella Segev

8182: Citizenship and Employment ? comparing two cool countries

Pieter Bevelander and Ravi Pendakur

8181: Services Trade Liberalization and Regulatory Reform: Re-invigorating International Cooperation

Aaditya Mattoo

8180: Floats, pegs and the transmission of fiscal policy

Giancarlo Corsetti, Müller, Gernot and Keith Kuester

8179: Inequality, Leverage and Crises

Rancière, Romain and Michael Kumhof

8178: On the development strategy of countries of intermediate size - An analysis of heterogenous firms in a multiregion framework

Rikard Forslid and Toshihiro Okubo

8177: Second Order Approximation of Dynamic Models with Time-Varying Risk

Pierpaolo Benigno, Gianluca Benigno and Salvatore Nisticò

8176: Anticipated Alternative Instrument-Rate Paths in Policy Simulations

Lars Svensson and Stefan Laséen

8175: Financial Crisis and Macro-Prudential Policies

Alessandro Rebucci, Gianluca Benigno, Christopher Otrok, Huigang Chen and Eric Young

8174: Nonlinearities in the Oil Price-Output Relationship

Lutz Kilian and Robert Vigfusson

8173: Bilateral Financial Linkages and Global Imbalances: A View on The Eve of the Financial Crisis

Gian Maria Milesi-Ferretti, Natalia Tamirisa and Francesco Strobbe

8172: Oligopoly and Trade

J. Peter Neary and Dermot Leahy

8171: Rethinking the Effects of Financial Liberalization

Jaume Ventura and Fernando Broner

8170: Financial Frictions, Investment, and Institutions

Stijn Claessens, Yishay Yafeh and Kenichi Ueda

8169: Macroeconomics and Volatility: Data, Models, and Estimation

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

8168: Urban Accounting and Welfare

Klaus Desmet and Esteban Rossi-Hansberg

8167: Public-private partnerships versus traditional procurement: An experimental investigation

Patrick Schmitz, Eva Hoppe and David Kusterer

8166: The Evaluation of Citation Distributions

Javier Ruiz-Castillo

8165: Paved with Good Intentions: Global Financial Integration, the Eurozone, and the Imaginary Road to the Fabled Gold Standard

Geoffrey Underhill

8164: Theory and the Market after the Crisis: the Endogeneity of Financial Governance

Geoffrey Underhill

8163: Spiders and Snakes: Offshoring and Agglomeration in the Global Economy

Anthony Venables and Richard Baldwin

8162: Unilateral tariff liberalisation

Richard Baldwin

8161: No trade, one-way or two-way trade?

Jacques Thisse, Pierre Picard and Toshihiro Okubo

8160: What Drives the European Central Bank's Interest-Rate Changes?

Henrik Jensen and ,

8159: Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914

Jan Boone and Michiel Van Leuvensteijn

8158: How Useful Are Estimated DSGE Model Forecasts for Central Bankers?

Gürkaynak, Refet and Rochelle Edge

8157: Why crises happen - nonstationary macroeconomics

A. Patrick Minford, Michael Wickens, James Davidson and David Meenagh

8156: Ratings Quality over the Business Cycle

Joel Shapiro and Heski Bar-Isaac

8155: Colonial Rule, Apartheid and Natural Resources: Top Incomes in South Africa, 1903-2007

Anthony Atkinson and Facundo Alvaredo

8154: Risk, Uncertainty and Monetary Policy

Geert Bekaert, Marco Lo Duca and Marie Hoerova

8153: Exchange Rate Pass-through and Monetary Policy in South Africa

John Muellbauer, Peter Sinclair, Janine Aron and Greg Farrell

8152: Two-Tier Labor Markets in the Great Recession: France vs. Spain

Juan Dolado, Samuel Bentolila, Pierre Cahuc and Thomas Le Barbanchon

8151: Spatial Sorting: Why New York, Los Angeles and Detroit attract the greatest minds as well as the unskilled

Jan Eeckhout, Kurt Schmidheiny and Roberto Pinheiro

8150: Asset Return Dynamics Under Bad Environment-Good Environment Fundamentals

Geert Bekaert and Eric Engstrom

8149: Aggregate Idiosyncratic Volatility

Robert Hodrick, Geert Bekaert and Xiaoyan Zhang

8148: Snow and Leverage

Alex Stomper, Holger Mueller, Xavier Giroud and Arne Westerkamp

8147: And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize

Rønde, Thomas, Joachim Henkel and Marcus Wagner

8146: Cheap Talk with Multiple Audiences: an Experimental Analysis

Marco Battaglini and Uliana Makarov

8145: The R&D-patent relationship: An industry perspective

Bruno van Pottelsberghe de la Potterie, Gaétan de Rassenfosse and Jérôme Danguy

8144: Competitive quantity discounts

Giacomo Calzolari and Vincenzo Denicolo'

8143: Politics and Monetary Policy

Michael Ehrmann and Marcel Fratzscher

8142: What Segments Equity Markets?

Campbell Harvey, Geert Bekaert, Christian Lundblad and Stephan Siegel

8141: Innovation and Foreign Ownership

Maria Guadalupe, Catherine Thomas and Olga Kuzmina

8140: Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth

Nauro Campos, Ahmad Saleh and Ralitza Dimova

8139: Legal Institutions and Economic Development

Thorsten Beck

8138: Public Ownership of Banks and Economic Growth - The Role of Heterogeneity

Isabel Schnabel and Körner, Tobias

8137: Financial Integration and Growth - Is Emerging Europe Different?

Isabel Schnabel, Jeromin Zettelmeyer and Christian Friedrich

8136: Dynamic Incentive Contracts under Parameter Uncertainty

Boyan Jovanovic and Julien Prat

8135: Job Contact Networks and the Ethnic Minorities

Yves Zenou, Harminder Battu and Paul Seaman

8134: Taxation and International Migration of Superstars: Evidence from the European Football Market

Emmanuel Saez, Henrik Kleven and Camille Landais

8133: Interregional Redistribution and Regional Disparities: How Equalization Does (Not) Work

Anke Kessler and Christian Lessmann

8132: Optimal Unemployment Insurance over the Business Cycle

Emmanuel Saez, Camille Landais and Pascal Michaillat

8131: International Capital Flows and Credit Market Imperfections: A Tale of Two Frictions

Martín, Alberto and Filippo Taddei

8130: Globalization and Inflation in Europe

Andreas Fischer, Raphael Auer and Kathrin Degen

8129: Credit Supply and the Price of Housing

Jean Imbs and Giovanni Favara

8128: Housing purchases and the dynamics of housing wealth

Olympia Bover

8127: Social Interactions and Spillovers

Yves Zenou and Calvó-Armengol, Antoni

8126: The Skewness of Science in 219 Sub-Fields and a Number of Aggregates

Javier Ruiz-Castillo, Ortuño-Ortin, Ignacio, Pedro Albarran and Juan Crespo

8125: Non-standard Monetary Policy Measures and Monetary Developments

Lucrezia Reichlin, Huw Pill, Domenico Giannone and Michele Lenza

8124: A flying start? Long term consequences of maternal time investments in children during their first year of life

Kjell G Salvanes, Pedro Carneiro and Løken, Katrine

8123: Rural-Urban Migration and Unemployment: Theory and Policy Implications

Yves Zenou

8122: How Should Financial Intermediation Services be Taxed?

Ben Lockwood

8121: A Note on Detecting Learning by Exporting

Jan De Loecker

8120: The Henry George Theorem in a second-best world

Yasusada Murata and Kristian Behrens

8119: The Identification of Agglomeration Economies

Gilles Duranton, Pierre-Philippe Combes and Laurent Gobillon

8118: China?s Foreign Trade: Perspectives From the Past 150 Years

Wolfgang Keller, Carol Shiue and Ben Li

8117: Spatial Relocation with Heterogeneous Firms and Heterogeneous Sectors

Rikard Forslid and Toshihiro Okubo

8116: Temporary Contracts, Incentives and Unemployment

Rodríguez Mora, José V and Güell, Maia

8115: Sales, Quantity Surcharge, and Consumer Inattention

Pascal Courty and Sofronis Clerides

8114: Calling Circles: Network Competition with Non-Uniform Calling Patterns

Roman Inderst, Tommaso Valletti and Steffen Hoernig

8113: Stockholding: Participation, Location, and Spillovers

Michael Haliassos and Dimitris Georgarakos

8112: Recurrent Infection and Externalities in Prevention

Flavio Toxvaerd

8111: Infection, Acquired Immunity and Externalities in Treatment

Flavio Toxvaerd

8110: Search, Migration, and Urban Land Use: The Case of Transportation Policies

Yves Zenou

8109: Brothers in Alms? Coordination between NGOs on Markets for Development Donations

Thierry Verdier, Marco Marini and Gani Aldashev

8108: Trends in Quality Adjusted Skill Premia in the US, 1960-2000

Pedro Carneiro

8107: Does money matter in shaping domestic business cycles? An international investigation

Fabio Canova and Tobias Menz