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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3817: Land Inequality and the Origin of Divergence and Overtaking in the Growth Process: Theory and Evidence

Oded Galor, Omer Moav and Dietrich Vollrath

3816: Compatibility Decisions, Endogenous Installed Home Bases and the Third-Market Competition

Uwe Walz and Bernd Woeckener

3815: Compatibility Standards and Strategic Trade Policy

Uwe Walz and Bernd Woeckener

3814: Strategic Experimentation with Exponential Bandits

Sven Rady, Martin Cripps and R Keller

3813: Using and Abusing Economic Theory

Paul Klemperer

3812: Data Uncertainty and the Role of Money as an Information Variable for Monetary Policy

Andrew Levin, Günter Coenen and Volker Wieland

3811: Monetary Policy and Uncertainty about the Natural Unemployment Rate

Volker Wieland

3810: Efficient Unemployment Insurance Time Path

Eran Yashiv, Yossi Hadar and Tomer Blumkin

3809: On the Selection of Forecasting Models

Lutz Kilian and Atsushi Inoue

3808: Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle?

Philippe Bacchetta and Eric van Wincoop

3807: Geography and Export Performance: External Market Access and Internal Supply Capacity

Anthony Venables and Stephen Redding

3806: Organized Crime, Corruption and Punishment

Thierry Verdier, Yves Zenou and Maurice Kugler

3805: Multinational Enterprises, International Trade and Productivity Growth: Firm-Level Evidence from the US

Wolfgang Keller and Stephen Yeaple

3804: From Natural Resources to High-tech Production: The Evolution of Industrial Competitiveness in Sweden and Finland

Blomström, Magnus and Ari Kokko

3803: Markov Switching Causality and the Money-Output Relationship

Morten Ravn, Martin Sola and Zacharias Psaradakis

3802: Gross Job Flows in Ukraine: Size, Ownership and Trade Effects

Jozef Konings, Olga Kupets and Hartmut Lehmann

3801: Anatomy of Voting Behaviour and Attitudes During Post-Communist Transition Czech Republic 1990-98

Jan Fidrmuc and Orla Doyle

3800: Land and Power

James Robinson and Jean-Marie Baland

3799: The Credibility of the Hungarian Exchange Rate Regime 1997-98

Adam Szeidl

3798: Migration and Regional Adjustment to Asymmetric Shocks in Transition Economies

Jan Fidrmuc

3797: Public Finance and the Optimal Speed of Transition

Micael Castanheira

3796: Job Reallocation and Productivity Growth Under Alternative Economic Systems and Policies: Evidence from the Soviet Transition

J. David Brown and John Earle

3795: Portfolio Choice with Illiquid Assets

Koren, Miklós and Adam Szeidl

3794: Financial Crisis, Economic Recovery and Banking Development in Former Soviet Union Economies

Dalia Marin, Cheng-Gang Xu and Haizhou Huang

3793: Public Subsidies for Open Source? Some Economic Policy Issues of the Software Market

Klaus Schmidt and Monika Schnitzer

3792: Unions and Innovation: A Survey of the Theory and Empirical Evidence

John van Reenen and Naercio Menezes-Filho

3791: The Economic Effects of the 1918 Influenza Epidemic

Elizabeth Brainerd and Mark Siegler

3790: Equilibrium Incentive Contracts

Espen Moen and Rosén, Åsa

3789: Government Bonds in Domestic and Foreign Currency: The Role of Macroeconomic and Institutional Factors

Stijn Claessens, Sergio Schmukler and Daniela Klingebiel

3788: Law Enforcement under Incomplete Law: Theory and Evidence from Financial Market Regulation

Cheng-Gang Xu and Katharina Pistor

3787: A New Method for Estimating Public Sector Pay Premia: Evidence from Britain in the 1990's

Richard F Disney and Amanda Gosling

3786: Evaluating the Employment Impact of a Mandatory Job Search Programme

Richard Blundell, Costas Meghir, John van Reenen and Monica Costa Dias

3785: Learning to Forget? Contagion and Political Risk in Brazil

Marcus Miller and Kannika Thampanishvong

3784: Delay in Contests

Helmut Bester and Kai Konrad

3783: The Exchange Rate and Inflation in the UK

Edward Nelson and Amit Kara

3782: Property Crime with Private Protection: A Market-for-Offenses Approach

Tanguy van Ypersele, Louis Hotte and Fabrice Valognes

3781: An Anatomy of the Phillips Curve

Dennis Snower and Marika Karanassou

3780: Interpreting European and US Labour Market Differences: The Specificity of Human Capital Investments

Etienne Wasmer

3779: Trade, Finance, Specialization and Synchronization

Jean Imbs

3778: Voting on Pensions with Endogenous Retirement Age

Pierre Pestieau, Helmuth Cremer and Georges Casamatta

3777: Imports, Entry and Competition Law as Market Disciplines

Hiau Looi Kee

3776: The Impact of School Inputs on Student Performance: An Empirical Study of Private Schools in the UK

Margaret Stevens and Kathryn Graddy

3775: The Economics of Foreign Direct Investment Incentives

Blomström, Magnus and Ari Kokko

3774: On Second Price Auctions and Imperfect Competition

Patrick Schmitz

3773: Capital-Skill Complementarity and the Redistributive Effects of Social Security Reform

Alessandra Casarico and Carlo Devillanova

3772: Public Policies Towards Research Joint Venture Formation: Designs and Outcomes

Georges Siotis and Marín Uribe, Pedro Luis

3771: Is Aggregation a Problem for Sovereign Debt Restructuring?

Barry Eichengreen and Ashoka Mody

3770: On the Wage Growth of Immigrants: Israel, 1990-2000

Zvi Eckstein and Yoram Weiss

3769: International Financial Integration

Gian Maria Milesi-Ferretti and Philip Lane

3768: EU Enlargement and Beyond: A Simulation Study on EU and CIS Integration

Mika Widgrén and Pekka Sulamaa

3767: Dynastic Management

Francesco Caselli and Nicola Gennaioli

3766: Optimal Competition: A Benchmark for Competition Policy

Jan Boone

3765: Productivity Convergence and Foreign Ownership at the Establishment Level

Rachel Griffith, Stephen Redding and Helen Simpson

3764: Which International Institutions Promote International Trade?

Andrew Rose

3763: Endogenous Monetary Policy with Unobserved Potential Output

Alex Cukierman and Francesco Lippi

3762: Human Capital and Inward FDI

Blomström, Magnus and Ari Kokko

3761: The Inflation Bias Revisited: Theory and Some International Evidence

Alex Cukierman and Stefan Gerlach

3760: Monopoly Pricing of 'Cyclical' Goods

Ramon Caminal

3759: Common Vulnerabilities

Mark Taylor and Ashoka Mody

3758: Is Official Exchange Rate Intervention Effective?

Mark Taylor

3757: International Capital Crunches: The Time-Varying Role of Informational Asymmetries

Mark Taylor and Ashoka Mody

3756: Choice-Based Elicitation and Decomposition of Decision Weights for Gains and Losses Under Uncertainty

Martin Weber, Frank Vossman and Mohammed Abdellaoui

3755: Factor Endowments and Production in European Regions

Stephen Redding and Mercedes Vera-Martin

3754: Inequality, Environmental Protection and Growth

Renström, Thomas I and Laura Marsiliani

3753: Political Shocks, Public Debt and the Design of Monetary and Fiscal Institutions

Roel Beetsma and Lans Bovenberg

3752: Integration, Regional Agglomeration and International Trade

Tanguy van Ypersele and Philippe Monfort

3751: Adjusting Labour Demand: Multinational versus National Firms- A Cross-European Analysis

Daniele Checchi, Giorgio Barba Navaretti and Alessandro Turrini

3750: Can Business and Social Networks Explain the Border Effect Puzzle?

Pierre-Philippe Combes, Miren Lafourcade and Thierry Mayer

3749: Asset Pricing with Liquidity Risk

Viral Acharya and Lasse Pedersen

3748: Regulation with Wage Bargaining

Nils-Henrik von der Fehr, Espen Moen and ,

3747: An Information-Based Trade-off Between Foreign Direct Investment and Foreign Portfolio Investment: Volatility, Transparency and

Assaf Razin and Itay Goldstein

3746: Price Dispersions in Monetary Unions: The Role of Fiscal Shocks

Fabio Canova and Evi Pappa

3745: The Bank's Market Power and the Interest Rate Elasticity of Demand for Housing: An Econometric Study of Discrimination on Frenc

Robert Gary-Bobo and Sophie Larribeau

3744: Regional Policies and EU Enlargement

Michele Boldrin and Fabio Canova

3743: Information Contagion and Inter-Bank Correlation in a Theory of Systemic Risk

Viral Acharya and Tanju Yorulmazer

3742: Crises and Punishment: Moral Hazard and the Pre-1914 International Financial Architecture

Marc Flandreau

3741: Export versus FDI

Elhanan Helpman, Marc Melitz and Stephen Yeaple

3740: Spatial Mismatch: From the Hypothesis to the Theories

Yves Zenou, Harris Selod and Laurent Gobillon

3739: Distance, Skill Deepening and Development: Will Peripheral Countries Ever Get Rich?

Stephen Redding and Peter Schott

3738: Indirect Network Effects and Adoption Externalities

Neil Gandal, Jeffrey Church and David Krause

3737: Managerial Incentives and the International Organization of Production

Elhanan Helpman and Gene Grossman

3736: Working-Time Regulation, Firm Heterogeneity, and Efficiency

Javier Ortega

3735: Exchange Rates, Equity Prices and Capital Flows

Helene Rey and Harald Hau

3734: Learning by Doing and Multiproduction Effects Over the Life Cycle: Evidence from the Semiconductor Industry

Ralph Siebert

3733: Voting with your Children: A Positive Analysis of Child Labour Laws

Fabrizio Zilibotti and Matthias Doepke

3732: Strategy Dynamics through a Demand-Based Lens: The Evolution of Market Boundaries, Resource Rents and Competitive Positions

Peter Zemsky and Ron Adner

3731: Spatial Mismatch, Search Effort and Urban Spatial Structure

Yves Zenou and Tony Smith

3730: Optimal Fiscal and Monetary Policy: Equivalence Results

Isabel Correia, Pedro Teles and Juan Pablo Nicolini

3729: Coordination Failure, Moral Hazard and Sovereign Bankruptcy Procedures

Marcus Miller and Sayantan Ghosal

3728: Heckscher-Ohlin Business Cycles

Marco Maffezzoli and Cuñat, Alejandro

3727: Environmental Policy and Capital Movements: The Role of Government Commitment

Renström, Thomas I and Laura Marsiliani

3726: More Evidence on the Dollar Risk Premium in the Foreign Exchange Market

Christian Wolff, Dennis Bams and Kim Walkowiak

3725: Exchange Rate Dynamics, Learning and Misperception

Aaron Tornell and Pierre-Olivier Gourinchas

3724: Employment Consequences of Restrictive Permanent Contracts: Evidence from Spanish Labour Market Reforms

Juan F Jimeno, Adriana Kugler and Virginia Hernanz

3723: The Law of Primogeniture and the Transition from Landed Aristocracy to Industrial Democracy

Graziella Bertocchi

3722: Search Intensity, Cost of Living and Local Labour Markets in Britain

Yves Zenou and Eleonora Patacchini

3721: Capital Requirements, Market Power and Risk-Taking in Banking

Rafael Repullo

3720: Formula Approaches for Market Access Negotiations

Joseph Francois and Will Martin

3719: Relaxing the Restrictions on the Temporary Movements of Natural Persons: A Simulation Analysis

L. Winters and Terrie Walmsley

3718: From Farmers to Merchants: A Human Capital Interpretation of Jewish Economic History

Zvi Eckstein and Maristella Botticini