CEPR Discussion Papers

From Centre for Economic Policy Research
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8005: The Output Gap, the Labor Wedge, and the Dynamic Behavior of Hours

Luca Sala, Söderström, Ulf and Antonella Trigari

8004: Empirical Evidence on the Role of Non Linear Wholesale Pricing and Vertical Restraints on Cost Pass-Through

Pierre Dubois, Sofia Villas-Boas and Céline Bonnet

8003: Selective Trials: A Principal-Agent Approach to Randomized Controlled Experiments

Erik Snowberg, Padró i Miquel, Gerard and Sylvain Chassang

8002: Spreading the Word: Geography, Policy and University Knowledge Diffusion

Mark Schankerman and Sharon Belenzon

8001: Government Debt Threshold Contracts

Hans Gersbach

8000: Two Monetary Tools: Interest Rates and Haircuts

Lasse Pedersen, Adam Ashcraft and Nicolae Bogdan Garleanu

7999: Childhood Determinants of Risk Aversion: The Long Shadow of Compulsory Education

Sørensen, Bent E, Maria Luengo-Prado and Dmytro Hryshko

7998: Household Inequality, Social Welfare, and Trade

Joseph Francois and Hugo Rojas-Romagosa

7997: Social mobility and redistributive taxation

Kai Konrad and Florian Morath

7996: Migration and the Welfare State: Dynamic Political-Economy Theory

Assaf Razin, Efraim Sadka and Benjarong Suwankiri

7995: Economic Conditions and the Quality of Suicide Terrorism

Esteban Klor, Claude Berrebi and Efraim Benmelech

7994: Keeping it Simple: Financial Literacy and Rules of Thumb

Antoinette Schoar, Greg Fischer and Alejandro Drexler

7993: Estimating the Wage Elasticity of Labour Supply to a Firm: What evidence is there for Monopsony?

Alison Booth and Pamela Katic

7992: Competitive equilibrium in Markets for Votes

Alessandra Casella, Thomas Palfrey and Aniol Llorente-Saguer

7991: Revisiting U. S. productivity Growth over the Past Century with a View of the Future

Robert J. Gordon

7990: Solow Residuals without Capital Stocks

Michael Burda and Battista Severgnini

7989: Should Auctions Be Transparent?

Dirk Bergemann and Hörner, Johannes

7988: Targeting in Advertising Markets: Implications for Offline vs. Online Media

Dirk Bergemann and Alessandro Bonatti

7987: Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky

Andrew Rose

7986: Modelling and Forecasting UK Mortgage Arrears and Possessions

John Muellbauer and Janine Aron

7985: Diversity and the Power of the Elites in Democratic Societies: A model and a test

Gilat Levy and Oriana Bandiera

7984: Payroll Taxes, Social Insurance and Business Cycles

Michael Burda and Mark Weder

7983: Labour Markets in the Interwar Period and Economic Recovery in the UK and the USA

Timothy Hatton and Mark Thomas

7982: Improving Human Development: A Long-run View

Leandro Prados de la Escosura

7981: The Distribution of Earnings under Monopsonistic/polistic Competition

Jacques Thisse and Eric Toulemonde

7980: Technology Shocks: Novel Implications for International Business Cycles

Andrea Raffo

7979: A New Keynesian Open Economy Model for Policy Analysis

David Soskice and Wendy Carlin

7978: Entry and fixed costs in charitable sectors

Kimberley Scharf

7977: The Effect of Tracking Students by Ability into Different Schools: a Natural Experiment

Eric Maurin, Sandra McNally and Nina Guyon

7976: Should a principal hire one agent or two agents to perform two sequential tasks?

Patrick Schmitz

7975: Foreign Market Conditions and Export Performance: Does 'Crowdedness' Reduce Exports?

Alessandra Tucci and Holger Breinlich

7974: Great Expectations: Past Wages and Unemployment Durations

Rudolf Winter-Ebmer, Böheim, René and Gerard Horvath

7973: The First Global Recession in Decades

Jean Imbs

7972: Global Banking and International Business Cycles

Robert Kollmann, Müller, Gernot and Zeno Enders

7971: Novel Indicators of the Trade and Welfare Effects of Agricultural Distortions in OECD Countries

Kym Anderson and Johanna L. Croser

7970: Pandering to Persuade

Wouter Dessein, Yeon-Koo Che and Navin Kartik

7969: Fifty Years of Fiscal Planning and Implementation in the Netherlands

Roel Beetsma, Massimo Giuliodori, Peter Wierts and Mark Walschot

7968: Business Cycles around the Globe: A Regime-switching Approach

Sumru Altug and Melike Bildirici

7967: Financial Innovation, the Discovery of Risk, and the U.S. Credit Crisis

Enrique Mendoza and Emine Boz

7965: Does Culture Matter?

Fernández, Raquel

7964: Incentives, resources and the organization of the school system

Samuel Berlinski and Facundo Albornoz

7963: (Inter-state) Banking and (Inter-state) Trade: Does Real Integration Follow Financial Integration?

Evren Örs, and Tomasz Michalski

7962: Technology-Hours Redux: Tax Changes and the Measurement of Technology Shocks

Morten Ravn and Karel Mertens

7961: Theories of Heterogeneous Firms and Trade

Stephen Redding

7960: Determinacy in New Keynesian Models: a role for money after all?

A. Patrick Minford and Naveen Srinivasan

7959: Electoral Incentives and Economic Policy across Political Regimes

Vincenzo Galasso and Salvatore Nunnari

7958: Creditor Rights and Debt Allocation within Multinationals

Monika Schnitzer and ,

7957: Europe?s Great Depression: Coordination Failure after the First World War

Nikolaus Wolf

7956: Trade Crisis? What Trade Crisis?

Giordano Mion, Kristian Behrens and Gregory Corcos

7955: Sovereign Default, Domestic Banks and Financial Institutions

Nicola Gennaioli, Stefano Rossi and Martín, Alberto

7954: The Cross-Country Incidence of the Global Crisis

Gian Maria Milesi-Ferretti and Philip Lane

7953: Winners and Losers in Housing Markets

Nobuhiro Kiyotaki, Alexander Michaelides and Kalin Nikolov

7952: Foreign Currency Loans - Demand or Supply Driven?

Steven Ongena, Martin Brown and Karolin Kirschenmann

7951: Monetary transmission in low income countries

Peter Montiel, Antonio Spilimbergo and Prachi Mishra

7950: Hierarchical Growth: Basic and Applied Research

Hans Gersbach, Gerhard Sorger and Christian Amon

7949: Public and Private Learning from Prices, Strategic Substitutability and Complementarity, and Equilibrium Multiplicity

Xavier Vives and Carolina Manzano

7948: Endogenous Spatial Differentiation with Vertical Contracting

Nikolaos Vettas and Frago Kourandi

7947: Monopolistic Competition: Beyond the CES

Jacques Thisse, Evgeny Zhelobodko and Sergey Kokovin

7946: Terrorism Networks and Trade: Does the Neighbor Hurt?

Thierry Verdier, José De Sousa and Daniel Mirza

7945: Income Distribution and Housing Prices: An Assignment Model Approach

, and Terviö, Marko

7944: Central Banks and the Financial System

Francesco Giavazzi and Alberto Giovannini

7943: A Unifying Approach to the Empirical Evaluation of Asset Pricing Models

Enrique Sentana and Peñaranda, Francisco

7942: Insurance Search and Switching Behavior

Maarten Lindeboom, Bas van der Klaauw and Jonneke Bolhaar

7941: Quantifying the Distortionary Fiscal Cost of ?The Bailout?

Alexander Michaelides, Francisco Gomes and ,

7940: How Deep is the Annuity Market Participation Puzzle?

Alexander Michaelides, Paula Lopes-Cocco and Joachim Inkmann

7939: Non-homothetic preferences, parallel imports and the extensive margin of international trade

Zweimüller, Josef, Reto Foellmi and Christian Hepenstrick

7938: Signaling in Tender Offer Games

Mike Burkart and Samuel Lee

7937: Public Funding of Charities and Competitive Charity Selection

Kimberley Scharf

7936: Performance Pay and the Gender Wage Gap: Evidence from Spain

Juan Dolado, Raquel Vegas and Sara De La Rica

7935: Short and Long Interest Rate Targets

Isabel Correia, Pedro Teles and Adão, Bernardino

7934: Institutional Investors as Minority Shareholders: Do They Matter When Ownership Is Concentrated?

Yishay Yafeh and Assaf Hamdani

7933: The Zero Lower Bound, ECB Interest Rate Policy and the Financial Crisis

Stefan Gerlach and John Lewis

7932: Wage Rigidity, Collective Bargaining and the Minimum Wage: Evidence from French Agreement Data

Fougère, Denis, Sanvi Avouyi-Dovi and Erwan Gautier

7931: Fiscal Policy in an Expectations Driven Liquidity Trap

Morten Ravn and Karel Mertens

7930: A Model-Based Evaluation of the Debate on the Size of the Tax Multiplier

Martín Uribe, Schmitt-Grohé, Stephanie and Ryan Chahrour

7929: Interaction Effects in Econometrics

Sørensen, Bent E and Hatice Balli

7928: Spillovers in Space: Does Geography Matter?

John van Reenen, Margaret Slade, Sergey Lychagin and Joris Pinkse

7927: Intra-firm Trade and Product Contractibility

Andrew Bernard, Stephen Redding, Peter Schott and J. Jensen

7926: Protection for Free? The Political Economy of U.S. Tariff Suspensions

Rodney Ludema, Anna Maria Mayda and Prachi Mishra

7925: Maternal Health and the Baby Boom

Claudia Olivetti and Stefania Albanesi

7924: Carrot and Stick: How Reemployment Bonuses and Benefit Sanctions Affect Job Finding Rates

Jan C. van Ours and Bas van der Klaauw

7923: Product adjustments: A firm-level analysis of the impact of a real exchange rate shock

Karen Helene Ulltveit-Moe and Andreas Moxnes

7922: Productive cities: Sorting, selection and agglomeration

Gilles Duranton, Frederic Robert-Nicoud and Kristian Behrens

7921: The quality factor in patent systems

Bruno van Pottelsberghe de la Potterie

7920: Self-Fulfilling Risk Panics

Philippe Bacchetta, Eric van Wincoop and Cédric Tille

7919: Employment protection versus flexicurity: on technology adoption in unionised firms

Kjell Lommerud

7918: Inequality in Vietnamese Urban-Rural Living Standards, 1993-2006

Alison Booth and Huong Thu Le

7917: The Good, the Bad, and the Different: Can Gender Quotas Raise the Quality of Politicians?

Jose Tavares and Paulo Fernando Júlio

7916: Innovation, antidumping, and retaliation

Hylke Vandenbussche, Huasheng Song and ,

7915: Hamlet without the Prince of Denmark: Relationship banking and conditionality lending in the London market for government debt

Marc Flandreau and Juan Flores Zendejas

7914: Optimal Incentive Contracts under Moral Hazard When the Agent is Free to Leave

Gerd Muehlheusser, Andreas Roider and Florian Englmaier

7913: Does Racial and Ethnic Discrimination Vary Across Minority Groups? Evidence From a Field Experiment

Alison Booth, , and Elena Varganova

7912: Modes of Delivery in Services

Joseph Francois and Elisabeth Christen

7911: A Dynamic Model of Housing Demand: Estimation and Policy Implications

Patrick Bajari, Dirk Krueger, , and Daniel Miller

7910: Communication in Federal Politics: Universalism, Policy Uniformity, and the Optimal Allocation of Fiscal Authority

Anke Kessler

7909: The Spanish Crisis: Background and Policy Challenges

Javier Suarez

7908: The intergenerational transmission of cognitive and non-cognitive abilities

Jonas Vlachos, Öckert, Björn and Grönqvist, Erik

7907: Getting to the Top of Mind: How Reminders Increase Saving

Sendhil Mullainathan, Jonathan Zinman, Dean Karlan and Margaret McConnell

7906: Bank Bailout Menus

Sudipto Bhattacharya and Kjell Nyborg

7905: Money and Liquidity in Financial Markets

Kjell Nyborg and Östberg, Per