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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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4420: Markets in China and Europe on the Eve of the Industrial Revolution Downloads
Wolfgang Keller and Carol Shiue
4419: From Thought to Practice: Appropriation and Endogenous Market Structure with Imperfect Intellectual Property Rights Downloads
Ronny Razin and Mariagiovanna Baccara
4418: Institutions, Trade Policy and Trade Flows Downloads
Marion Jansen and Nordås, Hildegunn Kyvik
4417: Does Regulatory Harmonization Increase Bilateral Asset Holdings? Downloads
Jonas Vlachos
4416: Why Was Europe Left at the Station when America's Productivity Locomotive Departed? Downloads
Robert Gordon
4415: Two Centuries of Economic Growth: Europe Chasing the American Frontier Downloads
Robert Gordon
4414: Five Puzzles in the Behaviour of Productivity, Investment and Innovation Downloads
Robert Gordon
4413: Managing Volatility in Transition Economies: The Experience of the Central and Eastern European Countries Downloads
Fabrizio Coricelli and Elena Ianchovichina
4412: Economic and Environmental Effectiveness of a Technology-based Protocol Downloads
Carlo Carraro and Barbara Buchner
4411: Changes in Equity Ownership and Changes in the Market Value of the Firm Downloads
Henri Servaes and John J. McConnell
4410: Robin Hood's Compromise: Land Reforms, Inequality, Redistribution and Moral Hazard Downloads
Gilat Levy and Oriana Bandiera
4409: Does the Length of the Period Really Matter for the Identification and the Modelling of Monetary Policy Shocks? Downloads
Franck Portier and Gallès, Clémentine
4408: Central Bank Communication and Output Stabilization Downloads
Sylvester Eijffinger, Marco Hoeberichts and Mewael F. Tesfaselassie
4407: A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: Two Ghosts, Two Eccentricities, a Fall Downloads
Willem Buiter
4406: Globalization, Roundaboutness and Relative Wages Downloads
Joseph Francois, Douglas Nelson and Kevin Grier
4405: Bargained Wages, Wage Drift and the Design of the Wage-Setting System Downloads
Ana Rute Cardoso and Pedro Portugal
4404: Constitutions and Commitment: Evidence on the Relation Between Institutions and the Cost of Capital Downloads
Nathan Sussman and Yishay Yafeh
4403: Japan's Banking Crisis: Who Has the Most to Lose? Downloads
Hideaki Miyajima and Yishay Yafeh
4402: Real Time Econometrics Downloads
Mohammad Pesaran and Allan Timmermann
4401: Small Sample Properties of Forecasts From Autoregressive Models Under Structural Breaks Downloads
Mohammad Pesaran and Allan Timmermann
4400: Shareholder Value Creation in European M&As Downloads
Jose Campa and Ignacio Hernando
4399: On the Efficacy of Reforms: Policy Tinkering, Institutional Change and Entrepreneurship Downloads
Dani Rodrik and Murat Iyigun
4398: Flexible Majority Rules for Central Banks Downloads
Hans Gersbach and Bernhard Pachl
4397: Speed and Quality of Collective Decision-Making II: Incentives for Information Provision Downloads
Grüner, Hans Peter and Elisabeth Schulte
4396: Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation Downloads
M. Daniele Paserman
4395: Financial Market Integration and Economic Growth in the EU Downloads
Luigi Guiso, Marco Pagano, Tullio Jappelli and Mario Padula
4394: What Triggers Early Retirement? Results from Swiss Pension Funds Downloads
Monika Bütler, Olivia Huguenin and Federica Teppa
4393: Multidimensional Cheap Talk Downloads
Gilat Levy and Ronny Razin
4392: Subadditivity Tests for Network Separation with an Application to US Railroads Downloads
Marc Ivaldi and Gerard McCullough
4391: Exchange Rate Pass-Through into Import Prices Downloads
Linda Goldberg and Jose Campa
4390: Sources of Gains from International Portfolio Diversification Downloads
Jose Campa and Nuno Fernandes
4389: Differences in Exchange Rate Pass-Through in the Euro Area Downloads
Jose Campa and González Mìnguez, Jose Manuel
4388: Non-Keynesian Fiscal Consolidation in the EU? Ex Post Evidence and Ex Ante Analysis Downloads
Alessandro Turrini, Gabriele Giudice and ,
4387: Dualism and Aggregate Productivity Downloads
Jonathan Temple
4386: Ramsey Monetary Policy and International Relative Prices Downloads
Tommaso Monacelli and Ester Faia
4385: Inflation in Open Economies with Complete Markets Downloads
Marco Celentani, Klaus Desmet and J. Ignacio Conde-Ruiz
4384: The Stabilizing Role of Government Size Downloads
Andrés, Javier, Fatás, Antonio and Rafael Domenech
4383: International Lending of Last Resort and Moral Hazard: A Model of the IMF's Catalytic Finance Downloads
Nouriel Roubini, Giancarlo Corsetti and Bernardo Guimaraes
4382: Preliminary Data and Econometric Forecasting: An Application with the Bank of Italy Quarterly Model Downloads
Fabio Busetti
4381: Targeted Remedial Education for Underperforming Teenagers: Costs and Benefits Downloads
Victor Lavy and Analia Schlosser
4380: Asset Prices and International Spillovers: An Empirical Investigation Downloads
Lucio Sarno and Giorgio Valente
4379: Dismissal Protection and Worker Flows in Small Establishments Downloads
Thomas Bauer, Holger Bonin and Stefan Bender
4378: Trust and Trustworthiness Among Europeans: South-North Comparison Downloads
Andrea Ichino, Karl Schlag, Fabian Bornhorst and Eyal Winter
4377: Towards a Monthly Business Cycle Chronology for the Euro Area Downloads
Harald Uhlig and Mönch, Emanuel
4376: Inflation Targeting and Debt: Lessons from Brazil Downloads
Francesco Giavazzi and Carlo Favero
4375: Chinese Currency Controversies Downloads
Barry Eichengreen
4374: How Private Creditors Fared in Emerging Debt Markets, 1970-2000 Downloads
Christoph Klingen, Beatrice Weder di Mauro and Jeromin Zettelmeyer
4373: Anti-Trust Policy and National Growth: Some Evidence from Italy Downloads
Mario Forni, Elisabetta Allegra, Michele Grillo and Lara Magnani
4372: The Macroeconomic Effects of Fiscal Rules in the US States Downloads
Fatás, Antonio and Ilian Mihov
4371: From 'Hindu Growth' to Productivity Surge: The Mystery of the Indian Growth Transition Downloads
Dani Rodrik and Arvind Subramanian
4370: A Simple Model of Optimal Monetary Policy with Financial Constraints Downloads
Michael Devereux and Doris Poon
4369: Innovation and Competitive Pressure Downloads
Xavier Vives
4368: Country and Industry Dynamics in Stock Returns Downloads
Allan Timmermann and Catão, Luís
4367: Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations Downloads
Kjell Nyborg, Ilya Strebulaev and Ulrich Bindseil
4366: Business Environment and Firm Entry: Evidence from International Data Downloads
Raghuram Rajan, Luc Laeven and Leora Klapper
4365: Exchange Rates and Fundamentals: Evidence on the Economic Value of Predictability Downloads
Abhay Abhyankar, Lucio Sarno and Giorgio Valente
4364: Crises and Capital Requirements in Banking Downloads
Alan Morrison and Lucy White
4363: Underpricing and Market Power in Uniform Price Auctions Downloads
Kjell Nyborg and Ilan Kremer
4362: The Paradox of Competence Downloads
Hans Gersbach
4361: How to Subvert Democracy: Montesinos in Peru Downloads
John McMillan and Paolo Zoido
4360: Why are Long Rates Sensitive to Monetary Policy? Downloads
Tore Ellingsen and Söderström, Ulf
4359: Reuters News Reports versus Official Interventions: The Inaccuracy of Reuters Reports for Swiss Interventions Downloads
Andreas Fischer
4358: A Nation of Poets and Thinkers - Less so with Eastern Enlargement? Austria and Germany Downloads
Dalia Marin
4357: Part-Time Employment Traps and Childcare Policy Downloads
Alison Booth and Melvyn Coles
4356: What Explains the Location of Industry in Britain, 1871-1931 Downloads
Nicholas Crafts and Abay Mulatu
4355: Wage Mobility: Do Institutions Make a Difference? A Replication Study Comparing Portugal and the UK Downloads
Ana Rute Cardoso
4354: Can Private Giving Promote Economic Segregation? Downloads
Kimberley Scharf, Ignatius Horstmann and Al Slivinski
4353: Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period Downloads
Maurice Obstfeld, Alan Taylor and Jay Shambaugh
4352: The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility Downloads
Maurice Obstfeld, Alan Taylor and Jay Shambaugh
4351: Fire the Manager to Improve Performance? Managerial Turnover and Incentives After Privatization in the Czech Republic Downloads
Jan Fidrmuc and Jana Fidrmuc
4350: Does Market Liberalization Reduce Gender Discrimination? Econometric Evidence from Hungary, 1986-98 Downloads
Nauro Campos and Dean Jolliffe
4349: The Other Side of the Moon: The Data Problem in Analysing Growth Determinants Downloads
Jan Hanousek, Randall Filer and Hájková, Dana
4348: Financial Institutions and the Wealth of Nations: Tales of Development Downloads
Cheng-Gang Xu and Jian Tong
4347: Rule-of-Thumb Consumers and the Design of Interest Rate Rules Downloads
Galí, Jordi, Vallés Liberal, Javier and López-Salido, J David
4346: The Impact of Globalization on the Equity Cost of Capital Downloads
Gikas Hardouvelis, Richard Priestley and Dimitrios Malliaropoulos
4345: The Dynamics of Seller Reputation: Theory and Evidence from eBay Downloads
Luis Cabral and Ali Hortacsu
4344: Manipulations in Contests Downloads
Aner Sela and Chen Cohen
4343: A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth Downloads
Wendy Carlin, Mark Schaffer and Paul Seabright
4342: To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU? Downloads
Willem Buiter
4341: A Meta-Analysis of the Effect of Common Currencies on International Trade Downloads
Andrew Rose
4340: Market Stress and Herding Downloads
Mark Salmon and Soosung Hwang
4339: Are Foreign Ownership and Good Institutions Substitutes? The Case of Non-Traded Equity Downloads
Harry Huizinga and Cécile Denis
4338: Fundamentals and Joint Currency Crises Downloads
Casper de Vries, Philipp Hartmann and Stefan Straetmans
4337: Money and the Natural Rate of Interest: Structural Estimates for the UK, the US and the euro area Downloads
Andrés, Javier, López-Salido, J David and Edward Nelson
4336: Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium Downloads
Andrés, Javier, López-Salido, J David and Edward Nelson
4335: The Real Effects of Financial Integration Downloads
Jean Imbs
4334: Optimal Simple and Implementable Monetary and Fiscal Rules Downloads
Martín Uribe and Schmitt-Grohé, Stephanie
4333: Bagging Time Series Models Downloads
Lutz Kilian and Atsushi Inoue
4332: The Impact of Location on Firm Growth Downloads
David Audretsch and Dirk Dohse
4331: Asymptotic Analysis of Large Auctions Downloads
Aner Sela, Arieh Gavious and Gadi Fibich
4330: A New Way to Measure Competition Downloads
Jan Boone
4329: The Determinants of Output Per Contributor in Open Source Projects: An Empirical Examination Downloads
Chaim Fershtman and Neil Gandal
4328: Why are European Countries Diverging in their Unemployment Experience? Downloads
Gilles Saint-Paul
4327: Did European Labour Markets Become More Competitive in the 1990's? Evidence from Estimated Worker Rents Downloads
Gilles Saint-Paul
4326: The Structure of Simple 'New Economic Geography' Models Downloads
Frederic Robert-Nicoud
4325: Cross-Border Mergers as Instruments of Comparative Advantage Downloads
J. Peter Neary
4324: Welfare Reform in European Countries: A Micro-Simulation Analysis Downloads
Emmanuel Saez, Claus Kreiner, Henrik Kleven and Herwig Immervoll
4323: Location Choices under Quality Uncertainty Downloads
Nikolaos Vettas and Charalambos Christou
4322: Continuous Preferences Can Cause Discontinuous Choices: An Application to the Impact of Incentives on Altruism Downloads
Paul Seabright
4321: Regional Policy Design: An Analysis of Relocation, Efficiency and Equity Downloads
Karen Helene Ulltveit-Moe
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