CEPR Discussion Papers

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8519: Preferences for Consistency

Armin Falk and Florian Zimmermann

8518: Stories of the Twentieth Century for the Twenty-First

Maurice Obstfeld and Pierre-Olivier Gourinchas

8517: Country Heterogeneity and the International Evidence on the Effects of Fiscal Policy

Francesco Giavazzi, Carlo Favero and Jacopo Perego

8516: For an Olive Wreath? Olympic Games and Anticipation Effects in Macroeconomics

Evi Pappa and Brückner, Markus

8515: Structural Vector Autoregressions

Lutz Kilian

8514: Asset Pricing under Rational Learning about Rare Disasters

Volker Wieland and Christos Koulovatianos

8513: Austerity and Anarchy: Budget Cuts and Social Unrest in Europe, 1919-2008

Hans-Joachim Voth and Jacopo Ponticelli

8512: A Flexible Test for Present Bias and Time Preferences using Land-Lease Contracts

Pieter Gautier and Aico van Vuuren

8511: Liquidity When It Matters Most: QE and Tobin?s q

Marcus Miller and Edward Driffill

8510: Does Raising the Retirement Age Increase Employment of Older Workers?

Zweimüller, Josef and Stefan Staubli

8509: Sequential All-Pay Auctions with Noisy Outputs

Aner Sela and Ella Segev

8508: Investment and capital structure of partially private regulated firms

Yossi Spiegel and Carlo Cambini

8507: On the political economics of tax reforms

Micael Castanheira, Paola Profeta and Nicodème, Gaëtan

8506: Assessing Racial Discrimination in Parole Release

Nicolas Sahuguet and Stéphane Mechoulan

8505: Is teenage motherhood contagious? Evidence from a Natural Experiment

Kjell G Salvanes, Carol Propper and Karin Monstad

8504: Of Religion and Redemption: Evidence from Default on Islamic Loans

Steven Ongena, Lieven Baele and Moazzam Farooq

8503: Properties of Foreign Exchange Risk Premiums

Lucio Sarno, Paul Schneider and Christian Wagner

8502: Leveraging Monopoly Power by Degrading Interoperability: Theory and evidence from computer markets

Kühn, Kai-Uwe, John van Reenen and Christos Genakos

8501: Health Insurance without Single Crossing: why healthy people have high coverage

Jan Boone and Schottmüller, Christoph

8500: The 'Out of Africa' Hypothesis, Human Genetic Diversity, and Comparative Economic Development

Oded Galor and Quamrul Ashraf

8499: The Effects of Cannabis Use on Physical and Mental Health

Jan C. van Ours and Jenny Williams

8498: Management practices: Are not for profits different?

Carol Propper, Sarah Smith, Robert Dur and Josse Delfgaauw

8497: Spillovers from the Euro Area Sovereign Debt Crisis: A Macroeconometric Model Based Analysis

Tamim Bayoumi and Francis Vitek

8496: Capital Flows, Push versus Pull Factors and the Global Financial Crisis

Marcel Fratzscher

8495: A Many-Country Model of Industrialization

Cuñat, Alejandro and Holger Breinlich

8494: Export Restrictions and Price Insulation During Commodity Price Booms

Kym Anderson and Will Martin

8493: The land that Lean manufacturing forgot? Management practices in transition countries

John van Reenen, Nicholas Bloom and Helena Schweiger

8492: Risk Sharing with the Monarch: Contigent Debt and Excusable Defaults in the Age of Philip II, 1556-1598

Hans-Joachim Voth and Mauricio Drelichman

8491: Competition and Industry Structure for International Rail Transportation

Marc Ivaldi, Guido Friebel and Jerome Pouyet

8490: How have Europeans Grown so Tall?

Timothy Hatton

8489: Poor Countries or Poor People? Development Assistance and the New Geography of Global Poverty

Ravi Kanbur

8488: Sources of entropy in representative agent models

David Backus, Stanley Zin and Mikhail Chernov

8487: A Gains from Trade Perspective on Macroeconomic Fluctuations

Franck Portier and Paul Beaudry

8486: Growth, Colonization, and Institutional Development: In and Out of Africa

Graziella Bertocchi

8485: Contractual Dualism, Market Power and Informality

Ravi Kanbur, Nancy Chau and Arnab Basu

8484: Firm collaboration and modes of innovation in Norway

Rodríguez-Pose, Andrés and Rune Fitjar

8483: International Recessions

Vincenzo Quadrini and Fabrizio Perri

8482: The Deterrence Effects of U.S. Merger Policy Instruments

Jo Seldeslachts and Joseph Clougherty

8481: Does Europe have an innovation policy? The case of EU economic law

Pierre Larouche, Matteo Negrinotti and Lauren Battaglia

8480: Regime Changes and Financial Markets

Allan Timmermann and Andrew Ang

8479: On the High-Frequency Dynamics of Hedge Fund Risk Exposures

Andrew Patton

8478: Standardized Enforcement: Access to Justice vs Contractual Innovation

Enrico Perotti and Nicola Gennaioli

8477: Peer Effects in Education, Sport, and Screen Activities: Local Aggregate or Local Average?

Yves Zenou, Eleonora Patacchini and Xiaodong Liu

8476: Asset Commonality, Debt Maturity and Systemic Risk

Franklin Allen, Elena Carletti and Ana Babus

8475: Use of Banking Services in Emerging Markets--Household-Level Evidence

Martin Brown and Thorsten Beck

8474: Absorptive Capacity and the Growth Effects of Regional Transfers: A Regression Discontinuity Design with Heterogeneous Treatmen

Sascha Becker, Peter Egger and Maximilian von Ehrlich

8473: Self-employment of rural-to-urban migrants in China

Klaus Zimmermann, Corrado Giulietti and Guangjie Ning

8472: ECB Reaction Functions and the Crisis of 2008

Stefan Gerlach and John Lewis

8471: Accounting For Endogenous Search Behavior in Matching Function Estimation

Fabien Postel-Vinay, Gregory Jolivet and Daniel Borowczyk-Martins

8470: The Economic Impact of Social Ties: Evidence from German Reunification

Konrad Burchardi and Tarek Hassan

8469: Productivity volatility and the misallocation of resources in developing economies

Jan De Loecker, John Asker and Allan Collard-Wexler

8468: The Effect of Public Sector Employment on Women's Labour Market Outcomes

Juan Dolado, Sara De La Rica and Brindusa Anghel

8467: Innovation, Trade, and Finance

Christian Keuschnigg and Peter Egger

8466: When is capital enough to get female microenterprises growing? Evidence from a randomized experiment in Ghana

Marcel Fafchamps, Christopher Woodruff, David McKenzie and Simon Quinn

8465: The possibility of ideological bias in structural macroeconomics models

Gilles Saint-Paul

8464: Towards a Political Economy of Macroeconomic Thinking

Gilles Saint-Paul

8463: Cardiovascular Consequences of Unfair Pay

Armin Falk, Ingo Menrath, Pablo Emilio Verde and Johannes Siegrist

8462: Growth, Selection and Appropriate Contracts

Alessandra Bonfiglioli and Gino Gancia

8461: Competition leverage: how the demand side affects optimal risk adjustment

Jan Boone and Gijsbert Zwart

8460: The Impact of Controlled Foreign Company Legislation on Real Investments Abroad: A Two-dimensional Regression Discontinuity Des

Peter Egger and Georg Wamser

8459: International Migration, Imperfect Information, and Brain Drain

Yves Zenou and ,

8458: Structural Estimation of Gravity Models with Path-dependent Market Entry

Michael Pfaffermayr and Peter Egger

8457: Strategic Asset Allocation in Money Management

Suleyman Basak and Dmitry Makarov

8456: CDS Auctions

Igor Makarov, Mikhail Chernov and Alexander Gorbenko

8455: The more we know on the fundamental, the less we agree on the price

Péter Kondor

8454: Fund Managers, Career Concerns, and Asset Price Volatility

Péter Kondor and Veronica Guerrieri

8453: Bailout Uncertainty in a Microfounded General Equilibrium Model of the Financial System

Alex Cukierman and Yehuda Izhakian

8452: Self-Help Groups and Mutual Assistance: Evidence from Urban Kenya

Marcel Fafchamps and Eliana La Ferrara

8451: Need for Speed: Is Faster Trade in the EU Trade-creating?

Cecília Hornok

8450: Can the Fed talk the hind legs off the stock market?

Sylvester Eijffinger, Ronald Mahieu and Louis Raes

8449: Short-Time Work: The German Answer to the Great Recession

Klaus Zimmermann, , and Karl Brenke

8448: Knocking on Heaven?s Door? Protestantism and Suicide

Ludger Woessmann and Sascha Becker

8447: The Economic Impact of Merger Control Legislation

Philipp Hartmann, Steven Ongena and Elena Carletti

8446: Have Rating Agencies Become More Conservative? Implications for Capital Structure and Debt Pricing

Henri Servaes, Ramin Baghai and Ane Tamayo

8445: Coverage of Infertility Treatment and Fertility Outcomes: Do Women Catch Up?

Matilde Machado and Anna Sanz-de-Galdeano

8444: Strategic Complementarity, Fragility, and Regulation

Xavier Vives

8443: Social Networks and Parental Behavior in the Intergenerational Transmission of Religion

Yves Zenou and Eleonora Patacchini

8442: A Theoretical Analysis of Public Funding for Research

Gianni De Fraja

8441: Does Female Empowerment Promote Economic Development?

Matthias Doepke and Michele Tertilt

8440: A quality index for patent systems

Bruno van Pottelsberghe de la Potterie and Matthis de Saint-Georges

8439: Animal Spirits, Financial Crises and Persistent Unemployment

Roger Farmer

8438: Global crises and equity market contagion

Geert Bekaert, Michael Ehrmann, Marcel Fratzscher and Arnaud Mehl

8437: Endogenous Public Information and Welfare in Market Games

Xavier Vives

8436: International Taxation and Cross-Border Banking

Harry Huizinga, Wolf Wagner and Johannes Voget

8435: Optimal top marginal tax rates under income splitting for couples

Viktor Steiner, Giacomo Corneo and Stefan Bach

8434: A Brief Survey of the Economics of Open Source Software

Chaim Fershtman and Neil Gandal

8433: Legal Institutions, Innovation and Growth

Luca Anderlini, Leonardo Felli, Giovanni Immordino and Alessandro Riboni

8432: Inference for VARs Identified with Sign Restrictions

Frank Schorfheide, Hyungsik Moon, Eleonora Granziera and Mihye Lee

8431: Schooling and Youth Mortality: Learning from a Mass Military Exemption

Alfonso Rosolia and Piero Cipollone

8430: How Wages and Employment Adjust to Trade Liberalization: Quasi-Experimental Evidence from Austria

Federico Trionfetti, Brülhart, Marius and Carrère, Céline

8429: A Second Look at the Pesticides Initiative Program: Evidence from Senegal

Olivier Cadot and Melise Jaud

8428: Impact Evaluation of Trade Interventions: Paving the Way

Aaditya Mattoo, Olivier Cadot, Julien Gourdon and Ana Fernandes

8427: Development Effects of Electrification: Evidence from the Geologic Placement of Hydropower Plants in Brazil*

Ahmed Mobarak, Molly Lipscomb and Tania Barham

8426: A Large-Market Rational Expectations Equilibrium Model

Xavier Vives

8425: The Tax Benefit of Income Smoothing

Kristian Rydqvist, Joshua Spizman and Steven Schwartz

8424: Corporate taxes and the location of intellectual property

Rachel Griffith, Martin O'Connell and Helen Miller

8423: Enhancing the Efficiency of Water Supply ? Product Market Competition versus Trade

Reto Foellmi and Urs Meister

8422: Poultry in Motion: A Study of International Trade Finance Practices

Pol Antràs and C. Fritz Foley

8421: The Political Cost of Reforms

Alessandra Bonfiglioli and Gino Gancia

8420: Energy Demand and Trade in General Equilibrium: An Eaton-Kortum-type Structural Model and Counterfactual Analysis

Peter Egger and Sergey Nigai