CEPR Discussion Papers

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7614: Asset Prices, Exchange Rates and the Current Account

Lucio Sarno, Marcel Fratzscher and Luciana Juvenal

7613: Competition with exclusive contracts and market-share discounts

Giacomo Calzolari and Vincenzo Denicolo'

7612: The Macroeconomics of Model T

Zweimüller, Josef, Reto Foellmi and Tobias Wuergler

7611: Testing the "Waterbed" Effect in Mobile Telephony

Tommaso Valletti and Christos Genakos

7610: Crisis? What Crisis? Currency vs. Banking in the Financial Crisis of 1931

Albrecht Ritschl and Samad Sarferaz

7609: Do trade missions increase trade?

Keith Head and John Ries

7608: Japan's Lost Decade: Does Money have a Role?

Fabio Canova and Tobias Menz

7607: The Limits to Fiscal Stimulus

Willem Buiter

7606: Global Imbalances and the Financial Crisis: Products of Common Causes

Kenneth Rogoff and Maurice Obstfeld

7605: Reversing unconventional monetary policy: technical and political considerations

Willem Buiter

7604: On the origins of land use regulations: Theory and evidence from US metro areas

Frederic Robert-Nicoud and ,

7603: Markets for Reputation: Evidence on Quality and Quantity in Academe

Daniel Hamermesh and Gerard Pfann

7602: Produce or Speculate? Asset Bubbles, Occupational Choice and Efficiency

Pierre Cahuc and Edouard Challe

7601: Krueger/Schiff/Valdés Revisited: Agricultural Price and Trade Policy Reform in Developing Countries since 1960

Kym Anderson

7600: Two and a Half Theories of Trade

J. Peter Neary

7599: Social Networks

Yves Zenou and Joan De Martí,

7598: Investment Shocks and the Relative Price of Investment

Andrea Tambalotti, Giorgio Primiceri and Alejandro Justiniano

7597: Do expectations matter? The Great Moderation revisited

Fabio Canova and Luca Gambetti

7596: A Touch of Sophistication: FDI and Unit Values of Exports

Beata Javorcik and Torfinn Harding

7595: Asset fire sales and purchases and the international transmission of financial shocks

Christian Lundblad and Chotibhak Jotikasthira

7594: Does the Fed Respond to Oil Price Shocks?

Lutz Kilian and Logan Lewis

7593: Illegal immigration and media exposure: Evidence on individual attitudes

Anna Maria Mayda, Giovanni Facchini and Riccardo Puglisi

7592: Individual attitudes towards skilled migration: an empirical analysis across countries

Anna Maria Mayda and Giovanni Facchini

7591: Spain's International Position, 1850-1913

Leandro Prados de la Escosura

7590: Exports and Financial Shocks

David Weinstein and Mary Amiti

7589: Does Terrorism Work?

Eric Gould and Esteban Klor

7588: The design and efficiency of loyalty rewards

Ramon Caminal

7587: Markets and linguistic diversity

Ramon Caminal

7586: Dynamic Ethnic Fractionalization and Economic Growth in the Transition Economies from 1989 to 2007

Nauro Campos, Ahmad Saleh and Vitaliy Kuzeyev

7585: The role of central bank transparency for guiding private sector forecasts

Sylvester Eijffinger, Michael Ehrmann and Marcel Fratzscher

7584: Contractual solutions to hold-up problems with quality uncertainty and unobservable investments

Patrick Schmitz

7583: Immigration and Swiss House Prices

Andreas Fischer and Kathrin Degen

7582: Cross Sectional Facts for Macroeconomists

Luigi Pistaferri, Giovanni Violante, Fabrizio Perri and Dirk Krueger

7581: Limitations on the Effectiveness of Forward Guidance at the Zero Lower Bound

Andrew Levin, López-Salido, J David, Edward Nelson and Tack Yun

7580: Allocation of Prizes in Contests with Participation Constraints

Aner Sela and Reut Megidish

7579: Do Oil Windfalls Improve Living Standards? Evidence from Brazil

Francesco Caselli and Guy Michaels

7578: Tractability in Incentive Contracting

Xavier Gabaix and Alex Edmans

7577: Heterogeneous firms or heterogeneous workers? Implications for the exporter premium and the impact of labor reallocation on pro

Karen Helene Ulltveit-Moe, Andreas Moxnes and Alfonso Irarrazabal

7576: Selective contracting and foreclosure in health care markets

Jan Boone and Gijsbert Zwart

7575: Testing the Monetary Policy Rule in the US: a Reconsideration of the Fed?s Behaviour

A. Patrick Minford and Zhirong Ou

7574: Nutrition and Risk Sharing Within the Household

Pierre Dubois and Ethan Ligon

7573: Skewness in Stock Returns, Periodic Cash Payouts, and Investor Heterogeneity

Rui Albuquerque

7572: The Long-Lived Effects of Historic Climate on the Wealth of Nations

Akos Valentinyi, John Bluedorn and Michael Vlassopoulos

7571: Monitoring Managers: Does it Matter?

Francesca Cornelli, Alexander Ljungqvist and Zbigniew Kominek

7570: Credit Booms Gone Bust: Monetary Policy, Leverage Cycles and Financial Crises, 1870-2008

Alan Taylor and Moritz Schularick

7569: Inequality and Aggregate Savings in the Neoclassical Growth Model

Reto Foellmi

7568: The Carry Trade and Fundamentals: Nothing to Fear But FEER Itself

Alan Taylor and Oscar Jorda

7567: Endogenous Market Structure and Foreign Market Entry

James Markusen and Stähler, Frank

7566: Ethnic Identity and Social Distance in Friendship Formation

Yves Zenou and Joan De Martí,

7565: Juvenile Delinquency and Conformism

Yves Zenou and Eleonora Patacchini

7564: From Great Depression to Great Credit Crisis: Similarities, Differences and Lessons

Barry Eichengreen, Kevin O'Rourke, ,, Gisela Rua and Miguel Almunia

7563: Communication, Renegotiation, and the Scope for Collusion

Kühn, Kai-Uwe and David Cooper

7562: Competition and Quality Upgrading

Mary Amiti and ,

7561: International Competition and Inflation: A New Keynesian Perspective

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

Ulrich Doraszelski, Yaroslav Kryukov and Ron N. Borkovsky

7559: Individual and Corporate Social Responsibility

Jean Tirole and Bénabou, Roland

7558: Technological adoption in health care

Xavier Martinez-Giralt and Pedro Barros

7557: Short-Selling Bans around the World: Evidence from the 2007-09 Crisis

Marco Pagano and Alessandro Beber

7556: Credit Ratings Failures and Policy Options

Marco Pagano and Paolo Volpin

7555: Estimated Interest Rate Rules: Do they Determine Determinacy Properties?

Henrik Jensen

7554: Political Support and Tax Compliance: A Social Interaction Approach

Chaim Fershtman and Vilen Lipatov

7553: The Gravity of Knowledge

Wolfgang Keller and Stephen Yeaple

7552: Out of Sight, Out of Mind: Migration, Entrepreneurship and Social Capital

Yves Zenou and Jackline Wahba

7551: Liquidity cycles and make/take fees in electronic markets

Thierry Foucault, Eugene Kandel and Ohad Kadan

7550: On Quality Bias and Inflation Targets

Martín Uribe and Schmitt-Grohé, Stephanie

7549: Foreign Demand for Domestic Currency and the Optimal Rate of Inflation

Martín Uribe and Schmitt-Grohé, Stephanie

7548: Dynamic Female Labor Supply

Zvi Eckstein and Osnat Lifshitz

7547: A Preferred-Habitat Model of the Term Structure of Interest Rates

Dimitri Vayanos and ,

7546: Depression Econometrics: A FAVAR Model of Monetary Policy During the Great Depression

Albrecht Ritschl and Pooyan Amir Ahmadi

7545: Tear Down this Wall: On the Persistence of Borders in Trade

Volker Nitsch and Nikolaus Wolf

7544: A Banking Explanation of the US Velocity of Money: 1919-2004

Michal Kejak, Max Gillman and Szilard Benk

7543: Families as Roommates: Changes in U.S. Household Size from 1850 to 2000

Michele Tertilt, Todd Schoellman and Alejandrina Salcedo

7542: Macroeconomic Forecasting and Structural Change

Domenico Giannone, D’Agostino, Antonello and Luca Gambetti

7541: How Effective Are Unemployment Benefit Sanctions?

Jan C. van Ours, Rafael Lalive and Patrick Arni

7540: Foreign Currency Borrowing by Small Firms

Steven Ongena, Martin Brown and Yeşin, Pınar

7539: The 'Puzzles' Methodology: en route to Indirect Inference?

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

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

A. Patrick Minford, Michael Wickens and Vo Phuong Mai Le

7536: Culture, Policies and Labor Market Outcomes

Francesco Giavazzi, Fabio Schiantarelli and Michel Serafinelli

7535: Cross-border spillovers from fiscal stimulus

Giancarlo Corsetti, Müller, Gernot and Andre Meier

7534: Micro, Macro, and Strategic Forces in International Trade Invoicing

Linda Goldberg and Cédric Tille

7533: Does Public Governance Always Matter? How Experience of Poor Institutional Quality Influences FDI to the South

Ian Wooton, Julia Darby and Rodolphe Desbordes

7532: Financial health, exports, and firm survival: A comparison of British and French firms

Görg, Holger and Marina-Eliza Spaliara

7531: Isolation and Development

Oded Galor and Quamrul Ashraf

7530: The Determinants of Intra-Firm Trade

Thierry Verdier, Giordano Mion, Delphine Irac and Gregory Corcos

7529: Measuring attention and strategic behavior in games with private information

Juan D. Carrillo, Colin Camerer, Isabelle Brocas and Stephanie Wang

7528: Paulson's Gift

Luigi Zingales and Pietro Veronesi

7527: Breach, Remedies and Dispute Settlement in Trade Agreements

Robert Staiger and Giovanni Maggi

7526: Fiscal Policy Can Reduce Unemployment: But There is a Better Alternative

Roger Farmer

7525: Why is there a spike in the job finding rate at benefit exhaustion?

Jan C. van Ours and Jan Boone

7524: Regulatory Competition and Bank Risk Taking

Itai Agur

7523: Integration of the North American economy and new-paradigm globalisation

Richard Baldwin

7522: Economic Conditions in Early Modern Bengal: A Contribution to the Divergence Debate

Tirthankar Roy

7521: A Dynamic Model of Network Formation with Strategic Interactions

Yves Zenou, Michael Koenig and Claudio J. Tessone

7520: Market Imperfections, Wealth Inequality, and the Distribution of Trade Gains

Reto Foellmi and Manuel Oechslin

7519: 2008 Lawrence R. Klein Lecture -- Comparative Economic Development: Insights from Unified Growth Theory

Oded Galor

7518: Money in monetary policy design: Monetary cross-checking in the New-Keynesian model

Volker Wieland and Guenter Beck

7517: Qualitative Effects of Cash-For-Clunkers Programs

Eugenio Miravete and Maria Moral

7516: Efficient Recapitalization

Thomas Philippon and Philipp Schnabl

7515: Competition Policy Trends and Economic Growth: Cross-National Empirical Evidence

Joseph Clougherty