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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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6200: Framing Effects in Political Decision Making: Evidence From a Natural Voting Experiment Downloads
Monika Bütler and Maréchal, Michel André
6199: The Effect of Location on Finding a Job in the Paris Region Downloads
Thierry Magnac, Harris Selod and Laurent Gobillon
6198: The Effect of Segregation and Spatial Mismatch on Unemployment: Evidence from France Downloads
Harris Selod and Laurent Gobillon
6197: Search in Cities Downloads
Yves Zenou
6196: Do Taxes Explain European Employment? Indivisible Labour, Human Capital, Lotteries and Savings Downloads
Thomas Sargent and Lars Ljungqvist
6195: Female Empowerment: Impact of a Commitment Savings Product in the Philippines Downloads
Dean Karlan, Nava Ashraf and Wesley Yin
6194: Social Connections and Group Banking Downloads
Dean Karlan
6193: Group versus Individual Liability: A Field Experiment in the Philippines Downloads
Xavier Gine and Dean Karlan
6192: Household Heterogeneity and Real Exchange Rates Downloads
Luigi Pistaferri and Narayana Kocherlakota
6191: Fat City: Questioning the Relationship Between Urban Sprawl and Obesity Downloads
Diego Puga, Henry Overman, , and Matthew Turner
6190: Decomposing the Growth in Residential Land in the United States Downloads
Diego Puga, Henry Overman and Matthew Turner
6189: The Sources of Long-run Growth in Spain 1850-2000 Downloads
Leandro Prados de la Escosura and Rosés, Joan R.
6188: Forecasts of US Short-term Interest Rates: A Flexible Forecast Combination Approach Downloads
Allan Timmermann and Massimo Guidolin
6187: Wage Risk and Employment Risk Over the Life Cycle Downloads
Costas Meghir, Luigi Pistaferri and Hamish Low
6186: Competing for Capital When Labour is Heterogeneous Downloads
Jacques Thisse
6185: Is the Regulation of the Transport Sector Always Detrimental to Consumers? Downloads
Jacques Thisse, Gaigné, Carl and Kristian Behrens
6184: Aggregating Phillips Curves Downloads
Eric Jondeau, Jean Imbs and Florian Pelgrin
6183: Money Illusion and Housing Frenzies Downloads
Markus Brunnermeier and Christian Julliard
6182: Observing Unobservables: Identifying Information Asymmetries with a Consumer Credit Field Experiment Downloads
Jonathan Zinman and Dean Karlan
6181: Optimal Beliefs, Asset Prices and the Preference for Skewed Returns Downloads
Christian Gollier, Markus Brunnermeier and Jonathan Parker
6180: Expanding Credit Access: Using Randomized Supply Decisions To Estimate the Impacts Downloads
Jonathan Zinman and Dean Karlan
6179: Market Liquidity and Funding Liquidity Downloads
Markus Brunnermeier and Lasse Pedersen
6178: Are More Important Patents Approved More Slowly and Should They Be? Downloads
Régibeau, Pierre and Katharine Rockett
6177: A Test of Profit Maximization Downloads
Marcus Asplund
6176: The Effect of EU Antitrust Investigations and Fines on a Firm?s Valuation Downloads
Massimo Motta and Gregor Langus
6175: The Effect of the Theo van Gogh Murder on House Prices in Amsterdam Downloads
Pieter Gautier, Aico van Vuuren and Arjen Siegmann
6174: International Trade, Security and Transnational Terrorism: Theory and Empirics Downloads
Thierry Verdier and Daniel Mirza
6173: Are Lives a Substitute for Livelihoods? Terrorism, Security and US Bilateral Imports Downloads
Thierry Verdier and Daniel Mirza
6172: Why OECD Countries should Reform Rules of Origin Downloads
Jaime de Melo and Olivier Cadot
6171: Why Do Foreign-Owned Firms Pay More? The Role of On-the-Job Training Downloads
Frank Walsh, Eric Strobl and Görg, Holger
6170: Sin City? Downloads
C. N. Teulings, Pieter Gautier and Michael Svarer
6169: Simultaneous Search with Heterogeneous Firms and Ex Post Competition Downloads
Pieter Gautier and Ronald Wolthoff
6168: Why a Group Needs a Leader: Decision-making and Debate in Committees Downloads
Wouter Dessein
6167: Improved Errors-in-Variables Estimators for Grouped Data Downloads
Paul Devereux
6166: The Impact of Oil Price Shocks on the U.S. Stock Market Downloads
Lutz Kilian and Cheolbeom Park
6165: Do Voters Vote Sincerely? Downloads
Antonio Merlo and Arianna Degan
6164: Political Careers or Career Politicians? Downloads
Antonio Merlo and Andrea Mattozzi
6163: Mediocracy Downloads
Antonio Merlo and Andrea Mattozzi
6162: Are Sunk Costs a Barrier to Entry? Downloads
Luis Cabral and Thomas Ross
6161: Robust Portfolio Optimisation with Multiple Experts Downloads
Peter C Schotman and Frank Lutgens
6160: Learning-by-Doing, Organizational Forgetting and Industry Dynamics Downloads
David Besanko, Ulrich Doraszelski, Yaroslav Kryukov and Mark Satterthwaite
6159: Strategic Merger Waves: A Theory of Musical Chairs Downloads
Flavio Toxvaerd
6158: Economic Forecasting Downloads
Allan Timmermann and Graham Elliott
6157: An Economic Analysis of Exclusion Restrictions for Instrumental Variable Estimation Downloads
Gerard van den Berg
6156: The Great Inflation and Early Disinflation in Japan and Germany Downloads
Edward Nelson
6155: Why do Black Workers Search Less? A Transport-Mode Based Theory Downloads
Yves Zenou
6154: Public Action for Public Goods Downloads
Abhijit Banerjee, Rohini Somanathan and Lakshmi Iyer
6153: Women, Work and Culture Downloads
Fernández, Raquel
6152: Seigniorage Downloads
Willem Buiter
6151: Competing Auctions with Endogenous Quantities Downloads
Benny Moldovanu, Aner Sela and Xianwen Shi
6150: Accuracy versus Falsification Costs: The Optimal Amount of Evidence under Different Procedures Downloads
Winand Emons and Claude Fluet
6149: Financial Integration, Financial Deepness and Global Imbalances Downloads
Enrique Mendoza and Vincenzo Quadrini
6148: The Returns to Currency Speculation in Emerging Markets Downloads
Martin Eichenbaum, Sergio Rebelo and Craig Burnside
6147: Financial Globalization and Monetary Policy Downloads
Alan Sutherland and Michael Devereux
6146: Real Origins of the Great Depression: Monopolistic Competition, Union Power, and the American Business Cycle in the 1920s Downloads
Albrecht Ritschl and Monique Ebell
6145: The Role of Debt and Equity Finance over the Business Cycle Downloads
Wouter Den Haan and Francisco Covas
6144: Marriage and Divorce: Changes and their Driving Forces Downloads
Justin Wolfers and Betsey Stevenson
6143: Political Institutions and Economic Growth Downloads
Renström, Thomas I and Laura Marsiliani
6142: The Allocative Cost of Price Ceilings: Lessons to be Learned from the US Residential Market for Natural Gas Downloads
Lutz Kilian and Lucas Davis
6141: The Rules of Standard Setting Organizations: An Empirical Analysis Downloads
Jean Tirole, Josh Lerner and Benjamin Chiao
6140: Long Run Impacts of Income Shocks: Wine and Phylloxera in 19th Century France Downloads
Abhijit Banerjee, Esther Duflo, Gilles Postel-Vinay and Tim Watts
6139: Public investment: a remedy or a curse? Examining the Role of Public Investment for Macroeconomic Performance Downloads
Gulcin Ozkan and Mustafa Ismihan
6138: Macroeconomic Implications of Size-Dependent Policies Downloads
Nezih Guner, Gustavo Ventura and Daniel Yi Xu
6137: International Financial Integration through Equity Markets: Which Firms from Which Countries Go Global? Downloads
Stijn Claessens and Sergio Schmukler
6136: Asset Pricing with Limited Risk Sharing and Heterogeneous Agents Downloads
Alexander Michaelides and Francisco Gomes
6135: Pricing and Trust Downloads
Jean-Robert Tyran, Steffen Huck and Gabriele K. Ruchala
6134: Network Security: Vulnerabilities and Disclosure Policy Downloads
Chaim Fershtman, Neil Gandal and Jay Choi
6133: Why are Buyouts Leveraged? The Financial Structure of Private Equity Firms Downloads
Michael Weisbach, Strömberg, Per and Ulf Axelson
6132: Tying-in Two-Sided Markets and the Honour All Cards Rule Downloads
Jean Tirole and Jean Rochet
6131: The Farm, the City and the Emergence of Social Security Downloads
Thomas Cooley, Nezih Guner and Elizabeth Caucutt
6130: Ethnicity and Spatial Externalities in Crime Downloads
Yves Zenou and Eleonora Patacchini
6129: Social Interactions and Labour Market Outcomes in Cities Downloads
Yves Zenou
6128: Are Shirking and Leisure Substitutable? An Empirical Test of Efficiency Wages based on Urban Economic Theory Downloads
Yves Zenou and Stephen Ross
6127: The Joint Design of Unemployment Insurance and Employment Protection. A First Pass Downloads
Olivier Blanchard and Jean Tirole
6126: Who Blows the Whistle on Corporate Fraud? Downloads
Luigi Zingales, Alexander Dyck and Adair Morse
6125: Social Change Downloads
Jeremy Greenwood and Nezih Guner
6124: Favouritism or Markets in Capital Allocation? Downloads
Mariassunta Giannetti and Xiaoyun Yu
6123: Identity, Dignity and Taboos: Beliefs as Assets Downloads
Jean Tirole and Bénabou, Roland
6122: Random Walk Expectations and the Forward Discount Puzzle Downloads
Philippe Bacchetta and Eric van Wincoop
6121: Reliability and Competitive Electricity Markets Downloads
Jean Tirole and Paul Joskow
6120: Harnessing Success: Determinants of University Technology Licensing Performance Downloads
Mark Schankerman and Sharon Belenzon
6119: Forming Priors for DSGE Models (and How It Affects the Assessment of Nominal Rigidities) Downloads
Marco Del Negro and Frank Schorfheide
6118: Teaching locals new tricks: foreign experts as a channel of knowledge transfer Downloads
James Markusen and Natalia Trofimenko
6117: Slow Moving Capital Downloads
Lasse Pedersen, Mark Mitchell and Todd Pulvino
6116: Dollarization and Financial Integration Downloads
Jonathan Heathcote and Cristina Arellano
6115: The Vanishing Bequest Tax: The Comparative Evolution of Bequest Taxation in Historical Perspective Downloads
Graziella Bertocchi
6114: Privatisation in Poland: What Was the Government Trying to Achieve? Downloads
Gianni De Fraja and Barbara Roberts
6113: Vintage Capital and Expectations Driven Business Cycles Downloads
Martin Flodén
6112: Shocks and Frictions in US Business Cycles: A Bayesian DSGE Approach Downloads
Frank Smets and Raf Wouters
6111: Descent Rules and Strategic Transfers. Evidence from Matrilineal Groups in Ghana Downloads
Eliana La Ferrara
6110: US Imbalances: The Role of Technology and Policy Downloads
Frank Smets, Luca Dedola and Rudolfs Bems
6109: Information Technology, Efficient Restructuring and the Productivity Puzzle Downloads
Grüner, Hans Peter
6108: Corporate Governance and Regulation: Can There Be Too Much of a Good Thing? Downloads
Stijn Claessens and Valentina Bruno
6107: Incentives and Managerial Experience in Multi-Task Teams: Evidence from Within a Firm Downloads
Rachel Griffith and Andrew Neely
6106: College Cost and Time to Complete a Degree: Evidence from Tuition Discontinuities Downloads
Francesco Giavazzi, Andrea Ichino, Pietro Garibaldi and Enrico Rettore
6105: Information Technology, Organisational Change and Productivity Downloads
Jonathan Haskel, Chiara Criscuolo and ,
6104: Financial Constraints and the Costs and Benefits of Vertical Integration Downloads
Rocco Macchiavello
6103: The Compromise Game: Two-sided Adverse Selection in the Laboratory Downloads
Juan D. Carrillo and Thomas Palfrey
6102: Globalization and Profitability of Cross-border Mergers & Acquisitions Downloads
Lars Persson and Norbäck, Pehr-Johan
6101: Sticky Prices and Monetary Policy: Evidence from Disaggregated US Data Downloads
Marc Giannoni, Ilian Mihov and Jean Boivin
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