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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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4320: Spillover Effects, Bank Lending and Growth Downloads
Sumru Altug and Murat Usman
4319: Railway (De)Regulation: A European Efficiency Comparison Downloads
Marc Ivaldi, Guido Friebel and Catherine Vibes
4318: Regulation and Incentives in European Aviation Downloads
Marín Uribe, Pedro Luis and Philippe Gagnepain
4317: Global Monetary Policy Under a Dollar Standard Downloads
Michael Devereux, Kang Shi and Juanyi Xu
4315: Dynamic Price Competition with Capacity Constraints and Strategic Buyers Downloads
Nikolaos Vettas and Gary Biglaiser
4314: The Yield Spread as a Symmetric Predictor of Output and Inflation Downloads
Gikas Hardouvelis and Dimitrios Malliaropoulos
4313: Lobbying, Information Transmission and Unequal Representation Downloads
Johan Lagerlof and Lars Frisell
4312: Trade and Multinationals: The Effect of Economic Integration on Taxation and Tax Revenue Downloads
Guttorm Schjelderup, Karen Helene Ulltveit-Moe and Hans Jarle Kind
4311: International Vertical Specializations, Imperfect Competition and Welfare Downloads
Jacques Olivier and Ai Ting Goh
4310: Market Integration and Economic Development: A Long-Run Comparison Downloads
Wolfgang Keller and Carol Shiue
4309: International Trade and Child Labour: Cross-Country Evidence Downloads
Nina Pavcnik and Eric Edmonds
4308: Social Contacts and Occupational Choice Downloads
Samuel Bentolila, Javier Suarez and Claudio Michelacci
4307: Gender Gaps in Unemployment Rates in OECD Countries Downloads
Alan Manning, Güell, Maia and Ghazala Azmat
4306: Tournaments: There Is More Than Meets the Eye Downloads
Gil Epstein and Shmuel Nitzan
4305: Smuggling Humans: A Theory of Debt-Financed Migration Downloads
Sergei Guriev and Guido Friebel
4304: Regional Treatment Intensity as an Instrument for the Evaluation of Labour Market Policies Downloads
Michael Lechner and Fröhlich, Markus
4303: Gender Segregation in Employment Contracts Downloads
Barbara Petrongolo
4302: Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations Downloads
Claudio Michelacci
4301: Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates Downloads
Carlo Favero, Andrea Carriero and Iryna Kaminska
4300: The Expenditure Switching Effect and the Choice Between Fixed and Floating Exchange Rates Downloads
Alan Sutherland and Ozge Senay
4299: Emissions Trading Regimes and Incentives to Participate in International Climate Agreements Downloads
Carlo Carraro and Barbara Buchner
4298: Experiments on Unemployment Benefit Sanctions and Job Search Behaviour Downloads
Jan van Ours, Jan Boone and Abdolkarim Sadrieh
4297: Political Influence in a New Anti-Dumping Regime: Evidence from Mexico Downloads
Joseph Francois and Gunnar Niels
4296: The Cross-Sectional Implications of Rising Wage Inequality in the United States Downloads
Kjetil Storesletten, Giovanni Violante and Jonathan Heathcote
4295: Aggregate Supply and Potential Output Downloads
Assaf Razin
4294: Timeliness, Trade and Agglomeration Downloads
Anthony Venables and James Harrigan
4293: Public Debt Management in Brazil Downloads
Francesco Giavazzi and Alessandro Missale
4292: Private Donations for International Development Downloads
John Micklewright and Anna Wright
4291: Privatization Methods and Economic Growth in Transition Economies Downloads
Saul Estrin, John Bennett, James Maw and Giovanni Urga
4290: Investment Prices and Exchange Rates: Some Basic Facts Downloads
Sergio Rebelo, Joao C Neves and Ariel Burstein
4289: Are There Asymmetries in the Effects of Training on the Conditional Male Wage Distribution? Downloads
Alison Booth, Wiji Arulampalam and Mark Bryan
4288: Calvo Contracts: A Critique Downloads
A. Patrick Minford and David Peel
4287: Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring Downloads
Jan Krahnen and Antje Brunner
4286: Universal Banks and Relationships with Firms Downloads
Jan-Pieter Krahnen and Ralf Elsas
4285: Trading European Sovereign Bonds: The Microstructure of the MTS Trading Platforms Downloads
Frank de Jong, Barbara Rindi and Yiu Chung Cheung
4284: Investments Abroad and Performance at Home: Evidence from Italian Multinationals Downloads
Giorgio Barba Navaretti and Davide Castellani
4283: Money Illusion and Coordination Failure Downloads
Ernst Fehr and Jean-Robert Tyran
4281: Endogenous Minimum Participation in International Environmental Treaties Downloads
Carlo Carraro, Carmen Marchiori and Sonia Oreffice
4280: Dealing with Destabilizing 'Market Discipline' Downloads
Daniel Cohen and Richard Portes
4279: Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules Downloads
Eric Schaling, Sylvester Eijffinger and Mewael F. Tesfaselassie
4278: Multiple Creditors and Information Rights: Theory and Evidence from US Firms Downloads
Luigi Guiso and Raoul Minetti
4277: Structure and Returns to Scale of Real-Time Hierarchical Resource Allocation Downloads
Timothy Van Zandt
4276: Balancedness of Real-Time Hierarchical Resource Allocation Downloads
Timothy Van Zandt
4275: Ex Post Inefficiency in a Political Agency Model Downloads
Georges Casamatta and Caroline De Paoli
4274: The Demand for High-Skilled Workers and Immigration Policy Downloads
Thomas Bauer and Astrid Kunze
4273: Who is in Favour of Enlargement? Determinants of Support for EU Membership in the Candidate Countries Referenda Downloads
Jan Fidrmuc and Orla Doyle
4272: Term Limits and Electoral Accountability Downloads
Daniel Sturm and Michael Smart
4271: Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Microdata Downloads
Thomas Bauer, Holger Bonin and Uwe Sunde
4270: When do 'Female' Occupations Pay More? Downloads
Stepan Jurajda and Heike Harmgart
4269: Deep Habits Downloads
Morten Ravn, Martín Uribe and Schmitt-Grohé, Stephanie
4268: A Scapegoat Model of Exchange Rate Fluctuations Downloads
Philippe Bacchetta and Eric van Wincoop
4267: Federal Tax Arrears in Russia: Liquidity Problems, Federal Redistribution or Russian Resistance? Downloads
Ekaterina Zhuravskaya and Maria Ponomareva
4266: Extensive and Intensive Growth in a Neoclassical Framework Downloads
Andreas Irmen
4265: Credit Risk Transfer and Financial Sector Performance Downloads
Ian Marsh and Wolf Wagner
4264: Reserve Prices in Auctions as Reference Points Downloads
Stephanie Rosenkranz and Patrick Schmitz
4263: Can Coasean Bargaining Justify Pigouvian Taxation? Downloads
Stephanie Rosenkranz and Patrick Schmitz
4262: Specific Knowledge and Performance Measurement Downloads
Michael Raith
4261: Competition of Politicians for Wages and Office Downloads
Hans Gersbach
4260: Bank Mergers, Competition and Liquidity Downloads
Philipp Hartmann, Giancarlo Spagnolo and Elena Carletti
4259: The Geography of UK International Trade Downloads
L. Winters and Henry Overman
4258: Occupational Choice Across Generations Downloads
Klaus Zimmermann and Amelie Constant
4257: Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies Downloads
Alan Sutherland and Giovanni Lombardo
4256: Asset Prices with Heterogenous Beliefs Downloads
Suleyman Basak
4255: How Often Should you Open the Door? Optimal Monitoring to Screen Heterogeneous Agents Downloads
Andrea Ichino and Gerd Muehlheusser
4254: Fiscal Policy with Agents Differing in Altruism and in Ability Downloads
Philippe Michel and Pierre Pestieau
4253: Social Insurance and Redistribution with Moral Hazard and Adverse Selection Downloads
Pierre Pestieau, Maurice G. Marchand, Robin Boadway and Manuel Leite-Monteiro
4252: Bureaucrats or Politicians? Downloads
Guido Tabellini and Alberto Alesina
4251: International Monetary Policy Coordination and Financial Market Integration Downloads
Alan Sutherland
4250: Informational Efficiency of Credit Default Swap and Stock Markets: The Impact of Credit Rating Announcements Downloads
Martin Weber and Lars Norden
4249: Go For Broke or Play it Safe? Dynamic Competition with Choice of Variance Downloads
Luis Cabral and Axel Anderson
4248: Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century Downloads
Marc Flandreau and Nathan Sussman
4247: Monetary Policy and Lexicographic Preference Ordering Downloads
Edward Driffill and Zeno Rotondi
4246: Does the WTO Make Trade More Stable? Downloads
Andrew Rose
4245: Easy Targets and the Timing of Conflict Downloads
Helmut Bester and Kai Konrad
4244: The HP-Filter in Cross-Country Comparisons Downloads
Albert Marcet and Morten Ravn
4243: Unemployment in the EU: Institutions, Prices and Growth Downloads
Dennis Snower, Marika Karanassou and Hector Sala
4242: The Firm as a Pool of Factor Complementarities Downloads
Dennis Snower and Assar Lindbeck
4241: On-the-Job Training, Firing Costs and Employment Downloads
Dennis Snower and Pilar Diaz-Vazquez
4240: Spatial Wage Disparities: Sorting Matters! Downloads
Gilles Duranton, Pierre-Philippe Combes and Laurent Gobillon
4239: A New Test of Capital Structure Downloads
Colin Mayer and Oren Sussman
4238: Creative Destruction and Productivity Growth in an Emerging Economy: Evidence from Slovenian Manufacturing Downloads
Jozef Konings and Jan De loecker
4237: Are all those Calling Plans Really Necessary? The Limited Gains From Complex Tariffs Downloads
Eugenio Miravete
4236: Retail Mergers: Buyer Power and Product Variety Downloads
Roman Inderst and Greg Shaffer
4235: Should One Rely on Professional Exchange Rate Forecasts? An Empirical Analysis of Professional Forecasts for the ?/US$ Rate Downloads
Peter Bofinger and Robert Schmidt
4234: Economic Geography and Wages Downloads
Mary Amiti and Lisa Cameron
4233: The Economic Value of Cultural Diversity: Evidence from US Cities Downloads
Gianmarco Ottaviano and Giovanni Peri
4232: Regulation of Multinational banks: A Theoretical Inquiry Downloads
Lóránth, Gyöngyi and Giacomo Calzolari
4231: Overconfidence and Delegated Portfolio Management Downloads
Frederic Palomino and Abdolkarim Sadrieh
4230: Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally-Based Comparison to Novices Downloads
Peter Bofinger, Robert Schmidt and Johannes Leitner
4229: Implementing Optimal Policy Through Inflation-Forecast Targeting Downloads
Lars Svensson and Michael Woodford
4228: Circular Movements and Time Away From the Host Country Downloads
Klaus Zimmermann and Amelie Constant
4227: The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis Downloads
Juergen von Hagen and Jizhong Zhou
4226: How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies? Downloads
Torsten Persson, Gérard Roland and Guido Tabellini
4225: Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work Downloads
Klaus Zimmermann, John P Haisken-DeNew and Brück, Tilman
4224: Universal Banks and Relationships with Firms Downloads
Jan-Pieter Krahnen and Ralf Elsas
4223: The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching Downloads
Michael Lechner and Rosalia Vazquez-Alvarez
4222: Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction Downloads
Frederick (Rick) van der Ploeg
4221: Riding the South Sea Bubble Downloads
Peter Temin and Hans-Joachim Voth
4220: Improving the SGP Through a Proper Accounting of Public Investment Downloads
Olivier Blanchard and Francesco Giavazzi
4219: Go Public or Stay Private: A Theory of Entrepreneurial Choice Downloads
Anjan Thakor, Arnoud Boot and Radhakrishnan Gopalan
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