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CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.

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7602: Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency Downloads
Pierre Cahuc and Edouard Challe
7601: Krueger/Schiff/Valdés Revisited: Agricultural Price and Trade Policy Reform in Developing Countries since 1960 Downloads
Kym Anderson
7600: Two and a Half Theories of Trade Downloads
J. Peter Neary
7599: Social Networks Downloads
Yves Zenou and Joan De Martí,
7598: Investment Shocks and the Relative Price of Investment Downloads
Andrea Tambalotti, Giorgio Primiceri and Alejandro Justiniano
7597: Do expectations matter? The Great Moderation revisited Downloads
Fabio Canova and Luca Gambetti
7596: A Touch of Sophistication: FDI and Unit Values of Exports Downloads
Beata Javorcik and Torfinn Harding
7595: Asset fire sales and purchases and the international transmission of financial shocks Downloads
Christian Lundblad and Chotibhak Jotikasthira
7594: Does the Fed Respond to Oil Price Shocks? Downloads
Lutz Kilian and Logan Lewis
7593: Illegal immigration and media exposure: Evidence on individual attitudes Downloads
Anna Maria Mayda, Giovanni Facchini and Riccardo Puglisi
7592: Individual attitudes towards skilled migration: an empirical analysis across countries Downloads
Anna Maria Mayda and Giovanni Facchini
7591: Spain's International Position, 1850-1913 Downloads
Leandro Prados de la Escosura
7590: Exports and Financial Shocks Downloads
David Weinstein and Mary Amiti
7589: Does Terrorism Work? Downloads
Eric Gould and Esteban Klor
7588: The design and efficiency of loyalty rewards Downloads
Ramon Caminal
7587: Markets and linguistic diversity Downloads
Ramon Caminal
7586: Dynamic Ethnic Fractionalization and Economic Growth in the Transition Economies from 1989 to 2007 Downloads
Nauro Campos, Ahmad Saleh and Vitaliy Kuzeyev
7585: The role of central bank transparency for guiding private sector forecasts Downloads
Sylvester Eijffinger, Michael Ehrmann and Marcel Fratzscher
7584: Contractual solutions to hold-up problems with quality uncertainty and unobservable investments Downloads
Patrick Schmitz
7583: Immigration and Swiss House Prices Downloads
Andreas Fischer and Kathrin Degen
7582: Cross Sectional Facts for Macroeconomists Downloads
Luigi Pistaferri, Giovanni Violante, Fabrizio Perri and Dirk Krueger
7581: Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound Downloads
Andrew Levin, López-Salido, J David, Edward Nelson and Tack Yun
7580: Allocation of Prizes in Contests with Participation Constraints Downloads
Aner Sela and Reut Megidish
7579: Do Oil Windfalls Improve Living Standards? Evidence from Brazil Downloads
Francesco Caselli and Guy Michaels
7578: Tractability in Incentive Contracting Downloads
Xavier Gabaix and Alex Edmans
7577: Heterogeneous firms or heterogeneous workers? Implications for the exporter premium and the impact of labor reallocation on pro Downloads
Karen Helene Ulltveit-Moe, Andreas Moxnes and Alfonso Irarrazabal
7576: Selective contracting and foreclosure in health care markets Downloads
Jan Boone and Gijsbert Zwart
7575: Testing the Monetary Policy Rule in the US: a Reconsideration of the Fed?s Behaviour Downloads
A. Patrick Minford and Zhirong Ou
7574: Nutrition and Risk Sharing Within the Household Downloads
Pierre Dubois and Ethan Ligon
7573: Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity Downloads
Rui Albuquerque
7572: The Long-Lived Effects of Historic Climate on the Wealth of Nations Downloads
Akos Valentinyi, John Bluedorn and Michael Vlassopoulos
7571: Monitoring Managers: Does it Matter? Downloads
Francesca Cornelli, Alexander Ljungqvist and Zbigniew Kominek
7570: Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008 Downloads
Alan Taylor and Moritz Schularick
7569: Inequality and Aggregate Savings in the Neoclassical Growth Model Downloads
Reto Foellmi
7568: The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself Downloads
Alan Taylor and Oscar Jorda
7567: Endogenous Market Structure and Foreign Market Entry Downloads
James Markusen and Stähler, Frank
7566: Ethnic Identity and Social Distance in Friendship Formation Downloads
Yves Zenou and Joan De Martí,
7565: Juvenile Delinquency and Conformism Downloads
Yves Zenou and Eleonora Patacchini
7564: From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons Downloads
Barry Eichengreen, Kevin O'Rourke, ,, Gisela Rua and Miguel Almunia
7563: Communication, Renegotiation, and the Scope for Collusion Downloads
Kühn, Kai-Uwe and David Cooper
7562: Competition and Quality Upgrading Downloads
Mary Amiti and ,
7561: International Competition and Inflation: A New Keynesian Perspective Downloads
López-Salido, J David, Christopher Gust and Luca Guerrieri
7560: A Dynamic Quality Ladder Model with Entry and Exit: Exploring the Equilibrium Correspondence Using the Homotopy Method Downloads
Ulrich Doraszelski, Yaroslav Kryukov and Ron N. Borkovsky
7559: Individual and Corporate Social Responsibility Downloads
Jean Tirole and Bénabou, Roland
7558: Technological adoption in health care Downloads
Xavier Martinez-Giralt and Pedro Barros
7557: Short-Selling Bans around the World: Evidence from the 2007-09 Crisis Downloads
Marco Pagano and Alessandro Beber
7556: Credit Ratings Failures and Policy Options Downloads
Marco Pagano and Paolo Volpin
7555: Estimated Interest Rate Rules: Do they Determine Determinacy Properties? Downloads
Henrik Jensen
7554: Political Support and Tax Compliance: A Social Interaction Approach Downloads
Chaim Fershtman and Vilen Lipatov
7553: The Gravity of Knowledge Downloads
Wolfgang Keller and Stephen Yeaple
7552: Out of Sight, Out of Mind: Migration, Entrepreneurship and Social Capital Downloads
Yves Zenou and Jackline Wahba
7551: Liquidity cycles and make/take fees in electronic markets Downloads
Thierry Foucault, Eugene Kandel and Ohad Kadan
7550: On Quality Bias and Inflation Targets Downloads
Martín Uribe and Schmitt-Grohé, Stephanie
7549: Foreign Demand for Domestic Currency and the Optimal Rate of Inflation Downloads
Martín Uribe and Schmitt-Grohé, Stephanie
7548: Dynamic Female Labor Supply Downloads
Zvi Eckstein and Osnat Lifshitz
7547: A Preferred-Habitat Model of the Term Structure of Interest Rates Downloads
Dimitri Vayanos and ,
7546: Depression Econometrics: A FAVAR Model of Monetary Policy During the Great Depression Downloads
Albrecht Ritschl and Pooyan Amir Ahmadi
7545: Tear Down this Wall: On the Persistence of Borders in Trade Downloads
Volker Nitsch and Nikolaus Wolf
7544: A Banking Explanation of the US Velocity of Money: 1919-2004 Downloads
Michal Kejak, Max Gillman and Szilard Benk
7543: Families as Roommates: Changes in U.S. Household Size from 1850 to 2000 Downloads
Michele Tertilt, Todd Schoellman and Alejandrina Salcedo
7542: Macroeconomic Forecasting and Structural Change Downloads
Domenico Giannone, D’Agostino, Antonello and Luca Gambetti
7541: How Effective Are Unemployment Benefit Sanctions? Downloads
Jan C. van Ours, Rafael Lalive and Patrick Arni
7540: Foreign Currency Borrowing by Small Firms Downloads
Steven Ongena, Martin Brown and Yeşin, Pınar
7539: The 'Puzzles' Methodology: en route to Indirect Inference? Downloads
A. Patrick Minford, Michael Wickens and Vo Phuong Mai Le
7538: Unequal We Stand: An Empirical Analysis of Economic Inequality in the United States, 1967-2006 Downloads
Giovanni Violante, Jonathan Heathcote and Fabrizio Perri
7537: How much nominal rigidity is there in the US Economy? Testing a New Keynesian DSGE model using indirect inference Downloads
A. Patrick Minford, Michael Wickens and Vo Phuong Mai Le
7536: Culture, Policies and Labor Market Outcomes Downloads
Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli
7535: Cross-border spillovers from fiscal stimulus Downloads
Giancarlo Corsetti, Müller, Gernot and Andre Meier
7534: Micro, Macro, and Strategic Forces in International Trade Invoicing Downloads
Linda Goldberg and Cédric Tille
7533: Does Public Governance Always Matter? How Experience of Poor Institutional Quality Influences FDI to the South Downloads
Ian Wooton, Julia Darby and Rodolphe Desbordes
7532: Financial health, exports, and firm survival: A comparison of British and French firms Downloads
Görg, Holger and Marina-Eliza Spaliara
7531: Isolation and Development Downloads
Oded Galor and Quamrul Ashraf
7530: The Determinants of Intra-Firm Trade Downloads
Thierry Verdier, Giordano Mion, Delphine Irac and Gregory Corcos
7529: Measuring attention and strategic behavior in games with private information Downloads
Juan D. Carrillo, Colin Camerer, Isabelle Brocas and Stephanie Wang
7528: Paulson's Gift Downloads
Luigi Zingales and Pietro Veronesi
7527: Breach, Remedies and Dispute Settlement in Trade Agreements Downloads
Robert Staiger and Giovanni Maggi
7526: Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative Downloads
Roger Farmer
7525: Why is there a spike in the job finding rate at benefit exhaustion? Downloads
Jan C. van Ours and Jan Boone
7524: Regulatory Competition and Bank Risk Taking Downloads
Itai Agur
7523: Integration of the North American economy and new-paradigm globalisation Downloads
Richard Baldwin
7522: Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate Downloads
Tirthankar Roy
7521: A Dynamic Model of Network Formation with Strategic Interactions Downloads
Yves Zenou, Michael Koenig and Claudio J. Tessone
7520: Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains Downloads
Reto Foellmi and Manuel Oechslin
7519: 2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory Downloads
Oded Galor
7518: Money in monetary policy design: Monetary cross-checking in the New-Keynesian model Downloads
Volker Wieland and Guenter Beck
7517: Qualitative Effects of Cash-For-Clunkers Programs Downloads
Eugenio Miravete and Maria Moral
7516: Efficient Recapitalization Downloads
Thomas Philippon and Philipp Schnabl
7515: Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence Downloads
Joseph Clougherty
7514: Conventional and Unconventional Monetary Policy Downloads
Michael Woodford and Vasco Cúrdia
7513: Macro-Hedging for Commodity Exporters Downloads
Olivier Jeanne, Eduardo Borensztein and Damiano Sandri
7512: Heterogeneous Class Size Effects: New Evidence from a Panel of University Students Downloads
Oriana Bandiera, Imran Rasul and Valentino Larcinese
7511: Waiting to imitate: on the dynamic pricing of knowledge Downloads
Carlos Ponce
7510: A defence of the FOMC Downloads
Thomas Sargent and Martin Ellison
7509: Monetary-Fiscal Policy Interactions and Fiscal Stimulus Downloads
Eric Leeper
7508: Predicting recoveries and the importance of using enough information Downloads
Wouter Den Haan and Xiaoming Cai
7507: The Myth of Financial Innovation and the Great Moderation Downloads
Wouter Den Haan and Vincent Sterk
7506: Dynamic Trading and Asset Prices: Keynes vs. Hayek Downloads
Xavier Vives and Giovanni Cespa
7505: Understanding the Aggregate Effects of Anticipated and Unanticipated Tax Policy Shocks Downloads
Morten Ravn and Karel Mertens
7504: One TV, One Price? Downloads
Morten Ravn, Helene Rey, Jean Imbs and Haroon Mumtaz
7503: International Trade, Foreign Direct Investment, and Technology Spillovers Downloads
Wolfgang Keller
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