CEPR Discussion Papers

From C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
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5665: Assessing the 'Engines of Liberation': Home Appliances and Female Labour Force Participation

Jose Tavares and Tiago Cavalcanti

5664: Inflation Targeting under Imperfect Knowledge

Athanasios Orphanides and John Williams

5663: Agglomeration, Offshoring and Heterogenous Firms

Richard Baldwin and Toshihiro Okubo

5662: 'Bend It Like Beckham': Identity, Socialization and Assimilation

Thierry Verdier, Yves Zenou, Alberto Bisin and Eleonora Patacchini

5661: The Dynamics of the Racial Test Score Gap During the School Years in Britain

Yves Zenou and Eleonora Patacchini

5660: Peer Effects in European Primary Schools: Evidence from PIRLS

Jorn-Steffen Pischke and Ammermüller, Andreas

5659: Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies

Shoshana Neuman and Einat Neuman

5658: Monetary Persistence, Imperfect Competition and Staggering Complementarities

Dennis Snower and Christian Merkl

5657: How Far Are We From the Slippery Slope? The Laffer Curve Revisited

Harald Uhlig and Mathias Trabandt

5656: The Caring Hand that Cripples: The East German Labour Market after Reunification

Dennis Snower and Christian Merkl

5655: Dualism and Cross-Country Growth Regressions

Jonathan Temple and Ludger Woessmann

5654: Democratic Capital: The Nexus of Political and Economic Change

Torsten Persson and Guido Tabellini

5653: Comprehensive versus Selective Schooling in England and Wales: What Do We Know?

Jorn-Steffen Pischke and Alan Manning

5652: Selecting Copulas for Risk Management

Kees Koedijk, Marno Verbeek and Erik Kole

5651: Institutional Weakness and Stock Price Volatility

Assaf Razin, Galina Hale and Hui Tong

5650: Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates

Linda Goldberg and Jose Campa

5649: Incentives for Managers and Inequality Among Workers: Evidence from a Firm Level Experiment

Oriana Bandiera, Iwan Barankay and Imran Rasul

5648: The Effect of Offshoring on Labour Demand: Evidence from Sweden

Karolina Ekholm and Katariina Nilsson Hakkala

5647: Optimal Taxation of Entrepreneurial Capital with Private Information

Stefania Albanesi

5646: Political Budget Cycles and Fiscal Decentralization

Ben Lockwood, Jean Hindriks, Paula González and Nicolás Porteiro

5645: Multi-Battle Contests

Dan Kovenock and Kai Konrad

5644: The External Wealth of Nations Mark II: Revised and Extended Estimates of Foreign Assets and Liabilities, 1970-2004

Gian Maria Milesi-Ferretti and Philip Lane

5643: Government Outsourcing: Public Contracting with Private Monopoly

Emmanuelle Auriol and Pierre Picard

5642: Macroeconomic Policy and the Distribution of Growth Rates

Jonathan Temple and Vatcharin Sirimaneetham

5641: Is Central Bank Transparency Desirable?

Anne Sibert

5640: Does Propitious Selection Explain Why Riskier People Buy Less Insurance?

Philippe De Donder and Jean Hindriks

5639: Decentralization and the Productive Efficiency of Government: Evidence from Swiss Cantons

Ben Lockwood and Iwan Barankay

5638: Methods for Robust Control

Söderström, Ulf, Kai Leitemo and ,

5637: Deflationary Bubbles

Willem Buiter and Anne Sibert

5636: Ethnosizing Immigrants

Klaus Zimmermann, Amelie Constant and Liliya Gataullina

5635: Why Does Capital Flow to Rich States?

Oved Yosha, Sørensen, Bent E, Kalemli-Özcan, Sebnem and Ariell Reshef

5634: Lobbying and Agricultural Trade Policy in the United States

Kishore Gawande

5633: New EuroCOIN: Tracking Economic Growth in Real Time

Marco Lippi, Mario Forni, Filippo Altissimo, Riccardo Cristadoro and Giovanni Veronese

5632: Interpreting Euro Area Inflation at High and Low Frequencies

Stefan Gerlach and Katrin Assenmacher

5631: Trend Breaks, Long-Run Restrictions and the Contractionary Effects of Technology Improvements

John Fernald

5630: The Diffusion of Development

Enrico Spolaore and Romain Wacziarg

5629: Exchange Rate Volatility and Productivity Growth: The Role of Financial Development

Kenneth Rogoff, Philippe Bacchetta, Philippe Aghion and Rancière, Romain

5628: Services, Economic Development and the Doha Round: Exploiting the Comparative Advantage of the WTO

Aaditya Mattoo

5627: Adaptive Learning in Practice

Chryssi Giannitsarou and Eva Carceles-Poveda

5626: Central Banking by Committee

Anne Sibert

5625: Services Policy Reform and Economic Growth in Transition Economies, 1990-2004

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5624: Services Policies in Transition Economies: On the EU and WTO as Commitment Mechanisms

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5623: Banking Crises, Financial Dependence and Growth

Randall Kroszner, Luc Laeven and Daniela Klingebiel

5622: On the Theory of Ethnic Conflict

Wilbur Coleman and Francesco Caselli

5621: Impulse Response Functions from Structural Dynamic Factor Models: A Monte Carlo Evaluation

Massimiliano Marcellino and George Kapetanios

5620: A Parametric Estimation Method for Dynamic Factor Models of Large Dimensions

Massimiliano Marcellino and George Kapetanios

5619: Was There a British House Price Bubble? Evidence from a Regional Panel

John Muellbauer, Anthony Murphy and Gavin Cameron

5618: Risk Transfer with CDOs and Systemic Risk in Banking

Jan Krahnen and Christian Wilde

5617: Off-Shoring of Business Services and Deindustrialization: Threat or Opportunity - and for Whom?

Frederic Robert-Nicoud

5616: Calvo Contracts - Optimal Indexation in General Equilibrium

A. Patrick Minford and Vo Phuong Mai Le

5615: Joining the European Monetary Union - Comparing First and Second Generation Open Economy Models

A. Patrick Minford and Vo Phuong Mai Le

5614: Simulating Stock Returns Under Switching Regimes - A New Test of Market Efficiency

A. Patrick Minford, David Peel and David Meenagh

5613: Equilibrium Allele Distribution in Trading Populations

Gilles Saint-Paul

5612: Openness and the Case for Flexible Exchange Rates

Giancarlo Corsetti

5611: On the Equality of Real Interest Rates Across Borders in Integrated Capital Markets

A. Patrick Minford and David Peel

5610: 'Build It or Not': Normative and Positive Theories of Public-Private Partnerships

David Martimort and Jerome Pouyet

5609: Monetary Regimes: Is There a Trade-Off Between Consumption and Employment Variability?

A. Patrick Minford, Kent Matthews, Bruce Webb and David Meenagh

5608: UK Inflation Persistence: Policy or Nature?

A. Patrick Minford, Eric Nowell, Naveen Srinivasan and Prakriti Sofat

5607: Racial Identity and Education

Yves Zenou and Eleonora Patacchini

5606: Political Conflict and Power-Sharing in the Origins of Modern Colombia

James Robinson and Mazzuca, Sebastián L

5605: Boosting Your Instruments: Estimation with Overidentifying Inequality Moment Conditions

Frank Schorfheide and Hyungsik Moon

5604: Marketwide Private Information in Stocks: Forecasting Currency Returns

Rui Albuquerque, Luis Brandao Marques and Eva de Francisco

5603: Persistence of Power, Elites and Institutions

Daron Acemoglu and James Robinson

5602: Pricing Risk in Economies with Heterogenous Agents and Incomplete Markets

Josep Pijoan-Mas

5601: Cross-Border Merger Waves

Helder Vasconcelos and Eileen Fumagalli

5600: Youth Unemployment and Crime in France

Francis Kramarz, Fougère, Denis and Julien Pouget

5599: Product Market Reforms, Labour Market Institutions and Unemployment

Rachel Griffith, Rupert Harrison and Gareth Macartney

5598: Asymmetric Information in the Stock Market: Economic News and Co-movement

Rui Albuquerque and Clara Vega

5597: The Global Chilling Effects of Antidumping Proliferation

Hylke Vandenbussche and Maurizio Zanardi

5596: Early Retirement Behaviour in the Netherlands - Evidence from a Policy Reform

Rob Euwals, Ronald Wolthoff and Daniel van Vuuren

5595: Explaining the Growth of Part-Time Employment: Factors of Supply and Demand

Rob Euwals and ,

5594: The Marginal Cost of Public Funds: Hours of Work versus Labor Force Participation

Claus Kreiner and Henrik Kleven

5593: On-The-Job Search, Productivity Shocks and the Individual Earnings Process

Hélène Turon and Fabien Postel-Vinay

5592: Organization of Multinational Activities and Ownership Structure

Monika Schnitzer and Christian Mugele

5591: Partisan Impacts on the Economy: Evidence from Prediction Markets and Close Elections

Justin Wolfers, Eric Zitzewitz and Erik Snowberg

5590: Debt, Deficits and Destabilizing Monetary Policy in Open Economies

Sweder van Wijnbergen and Andreas Schabert

5589: Trade, FDI and the Organization of Firms

Elhanan Helpman

5588: On-Net and Off-Net Pricing on Asymmetric Telecommunications Networks

Steffen Hoernig

5587: Native-Migrant Differences in Risk Attitudes

Klaus Zimmermann, Holger Bonin, Amelie Constant and Konstantinos Tatsiramos

5586: How Important is Access to Jobs? Old Question - Improved Answer

Yves Zenou, Olof Åslund and Östh, John

5585: Public Sector Pay and Corruption: Measuring Bribery from Micro Data

Yuriy Gorodnichenko and Klara Sabirianova Peter

5584: Fiscal Policy and Macroeconomic Stability Within a Currency Union

David Vines, Simon Wren-Lewis and Tatiana Kirsanova

5583: Strategic Complementarities in Multi-Stage Games

Xavier Vives

5582: R&D and Strategic Industrial Location in International Oligopolies

Armando Garcia Pires

5581: Measuring and Explaining Management Practices Across Firms and Countries

John van Reenen and Nicholas Bloom

5580: Consumption and Real Exchange Rates with Incomplete Markets and Non-Traded Goods

Gianluca Benigno and Christoph Thoenissen

5579: Penalty Shoot-Outs: Before or After Extra Time?

Juan D. Carrillo

5578: Prediction Markets in Theory and Practice

Justin Wolfers and Eric Zitzewitz

5577: Tenure Profiles and Efficient Separation in a Stochastic Productivity Model

C. N. Teulings and Ioan Sebastian Buhai

5576: Estimating Trade Restrictiveness Indices

Marcelo Olarreaga, Alessandro Nicita and Hiau Looi Kee

5575: On-the-Job Search and Sorting

C. N. Teulings, Pieter Gautier and Aico van Vuuren

5574: Trade and Economic Geography: The Impact of EEC Accession on the UK

L. Winters and Henry Overman

5573: An Equilibrium Model of 'Global Imbalances' and Low Interest Rates

Ricardo Caballero, Pierre-Olivier Gourinchas and Emmanuel Farhi

5572: Takeovers

Fausto Panunzi and Mike Burkart

5570: Price-Level Determination Under Dispersed Information and Monetary Policy

Kosuke Aoki

5569: The Relative Importance of Global Agricultural Subsidies and Market Access

Kym Anderson, Will Martin and Ernesto Valenzuela

5568: GM Cotton Adoption, Recent and Prospective: A Global CGE Analysis of Economic Impacts

Kym Anderson, Lee Ann Jackson and Ernesto Valenzuela

5567: WTO's Doha Cotton Initiative: A Tale of Two Issues

Kym Anderson and Ernesto Valenzuela

5566: Mixed Bundling Auctions

Philippe Jehiel, Benny Moldovanu and Moritz Meyer-ter-Vehn

5565: Hedge Funds: Performance, Risk and Capital Formation

David A Hsieh, William Fung and Narayan Naik