CEPR Discussion Papers

From Centre for Economic Policy Research
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5391: Externalities, Communication and the Allocation of Decision Rights

Helmut Bester

5390: Crime and Police Resources: The Street Crime Initiative

Stephen Machin and Olivier Marie

5389: Crime, Location and the Housing Market

Yves Zenou

5388: Policy Volatility, Institutions and Economic Growth

Fatás, Antonio and Ilian Mihov

5387: How the Eurosystem?s Treatment of Collateral in its Open Market Operations Weakens Fiscal Discipline in the Eurozone (and what

Willem Buiter and Anne Sibert

5386: Hypermarket Competition and the Diffusion of Retail Checkout Barcode Scanning

Christian Wey, Jonathan Beck and Michal Grajek

5385: Competitive Markets with Endogenous Health Risks

Alberto Bennardo and Salvatore Piccolo

5384: Real Business Cycle Models: Past, Present and Future

Sergio Rebelo

5383: Sugar Prices, Labour Income and Poverty in Brazil

Marcelo Olarreaga and Ekaterina Krivonos

5382: The Impact of Mode 4 Liberalization on Bilateral Trade Flows

Marion Jansen and Roberta Piermartini

5381: Network Competition and Entry Deterrence

Tommaso Valletti and Joan Calzada

5380: Separating Selection and Incentive Effects in Health Insurance

Pierre Geoffard, Lucien Gardiol and Chantal Grandchamp

5379: Competing for a Duopoly: International Trade and Tax Competition

Ian Wooton

5378: Shareholder Protection, Stock Market Development and Politics

Marco Pagano and Paolo Volpin

5377: DSGE Models of High Exchange-Rate Volatility and Low Pass-Through

Giancarlo Corsetti, Luca Dedola and Sylvain Leduc

5376: Towards a Theory of Firm Entry and Stabilization Policy

Giancarlo Corsetti and Paul Bergin

5375: Real Wage Rigidities and the New Keynesian Model

Olivier Blanchard and Galí, Jordi

5374: Optimal Monetary and Fiscal Policy in a Currency Union

Galí, Jordi and Tommaso Monacelli

5373: Natural Selection and the Evolution of Life Expectancy

Oded Galor and Omer Moav

5372: Asset Price Dynamics When Traders Care About Reputation

Andrea Prat and Amil Dasgupta

5371: Do Entrenched Managers Pay Their Workers More?

Jonas Vlachos, Mattias Nilsson, Helena Svaleryd, Henrik Cronqvist and Fredrik Heyman

5370: Stock Markets and Business Cycle Comovement in Germany Before World War I: Evidence from Spectral Analysis

Albrecht Ritschl and Martin Uebele

5369: Fairness and the Optimal Allocation of Ownership Rights

Klaus Schmidt, Ernst Fehr and Susanne Kremhelmer

5368: The Role of Equality and Efficiency in Social Preferences

Klaus Schmidt, Ernst Fehr and Michael Naef

5367: What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations?

Raman Uppal, Bernard Dumas and Alexander Kurshev

5366: Ethnic Diversity, Market Structure and Risk Sharing in Developing Countries

Yves Zenou and Mohamed Jellal

5365: How Strong Buyers Spur Upstream Innovation

Christian Wey and Roman Inderst

5364: Micro Evidence on the Adjustment of Sticky-Price Goods: It's How Often, Not How Much

Jean-Robert Tyran, Lorenz Goette and Rudolf Minsch

5363: Evaluating the Performance of the Search and Matching Model

Eran Yashiv

5362: Childhood Family Structure and Schooling Outcomes: Evidence for Germany

Stephen Jenkins, Marco Francesconi and Thomas Siedler

5361: Forecast Combinations

Allan Timmermann

5360: The Impact of Terrorism Across Industries: An Empirical Study

Esteban Klor and Claude Berrebi

5359: The Impact of Parental Income and Education on the Health of their Children

Ian Walker, Colm Harmon and Orla Doyle

5358: The Evolution of Cooperative Norms: Evidence from a Natural Field Experiment

Oriana Bandiera, Iwan Barankay and Imran Rasul

5357: Gun Prevalence, Homicide Rates and Causality: A GMM Approach to Endogeneity Bias

Mark Schaffer, Gary Kleck and Tomislav Kovandzic

5356: Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century

Alex Cukierman, Roel Beetsma and Massimo Giuliodori

5355: Reconciling the Return Predictability Evidenc: In-Sample Forecasts, Out-of-Sample Forecasts, and Parameter Instability

Martin Lettau and Stijn Van Nieuwerburgh

5354: Human Capital, the Structure of Production, and Growth

Antonio Ciccone and Elias Papaioannou

5353: Are loyalty-rewarding pricing schemes anti-competitive?

Ramon Caminal and Adina Claici

5352: Non-synchronous Trading and Testing for Market Integration in Central European Emerging Markets

Peter C Schotman and Ania Zalewska

5351: Oppositional Identities and the Labour Market

Yves Zenou, Harminder Battu and MacDonald Mwale

5350: Size Really Doesn't Matter: In Search of a National Scale Effect

Andrew Rose

5349: Ireland in EMU: More Shocks, Less Insulation?

Patrick Honohan and Anthony J Leddin

5348: Can Comparative Advantage Explain the Growth of US Trade?

Marco Maffezzoli and Cuñat, Alejandro

5347: Exchange Rate Pass-Through to Import Prices in the Euro Area

Linda Goldberg, Jose Campa and González Mìnguez, Jose Manuel

5346: The mechanisms of spatial mismatch

Yves Zenou, Harris Selod and Laurent Gobillon

5345: Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities

Yves Zenou and Yan Song

5344: Is Human Capital Losing from Outsourcing?

Dalia Marin, Andzelika Lorentowicz and Alexander Raubold

5343: Eliciting Demand Information through Cheap Talk: An Argument in Favour of Price Regulations

Johan Lagerlof and Lars Frisell

5342: Renascent Men or Entrepreneurship as a One-Night Stand: Entrepreneurial Intentions Subsequent to Firm Exit

David Audretsch, Erik Stam and Joris Meijaard

5341: Term Structure Estimation with Survey Data on Interest Rate Forecasts

Athanasios Orphanides and Don H. Kim

5340: Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory

Thomas Sargent and Lars Ljungqvist

5339: Job Insecurity and Youth Emancipation: A Theoretical Approach

Samuel Bentolila, Andrea Ichino, Ana Fernandes and Sascha Becker

5338: Youth Emancipation and Perceived Job Insecurity of Parents and Children

Samuel Bentolila, Andrea Ichino, Ana Fernandes and Sascha Becker

5337: Do Global Trade Distortions Still Harm Developing Country Farmers?

Kym Anderson and Ernesto Valenzuela

5335: Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advan

David Audretsch and Erik Lehmann

5334: Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data

Jonathan Haskel, Denise Hawkes and Sonia Pereira

5333: The Price and Quantity of Residential Land in the United States

Jonathan Heathcote and Morris Davis

5332: Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block

William Gale, Jeffrey Liebman, Emmanuel Saez, Esther Duflo and ,

5331: Crime and Conformism

Yves Zenou and Eleonora Patacchini

5330: Fiscal Rules and Fiscal Performance in the EU and Japan

Juergen von Hagen

5329: Who?s Who in Networks. Wanted: The Key Player

Yves Zenou, Calvó-Armengol, Antoni and Coralio Ballester

5328: Extending Choice In English Health Care: The implications of the economic evidence

Simon Burgess, Carol Propper and Deborah Wilson

5327: Guide to Reform of Higher Education: A European Perspective

Frederick (Rick) van der Ploeg and Bas Jacobs

5326: The Knowledge Spillover Theory of Entrepreneurship

David Audretsch, Pontus Braunerhjelm, Zoltan Acs and Bo Carlsson

5325: Dams

Rohini Pande and Esther Duflo

5324: Rural Windfall or a New Resource Curse? Coca, Income and Civil Conflict in Colombia

Joshua Angrist and Adriana Kugler

5323: The Effects of Entry on Incumbent Innovation and Productivity

Richard Blundell, Peter Howitt, Philippe Aghion, Rachel Griffith and Susanne Prantl

5322: Precautionary Savings or Working Longer Hours?

Josep Pijoan-Mas

5321: A Political-Economy Theory of Trade Agreements

Rodríguez-Clare, Andres and Giovanni Maggi

5320: The Cycle of Violence? An Empirical Analysis of Fatalities in the Palestinian-Israeli Conflict

David Jaeger and M. Daniele Paserman

5319: Does Information Increase Political Support for Pension Reform?

Guido Tabellini and Tito Boeri

5318: FDI, Allocation of Talents and Differences in Regulation

Rodríguez Mora, José V and Giovanni Pica

5317: The Political Economy of Financial Fragility

Enrico Perotti and Erik Feijen

5316: Should You Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds

Monika Bütler and Federica Teppa

5315: Keeping the Board in the Dark: CEO Compensation and Entrenchment

Roman Inderst and Holger Mueller

5314: The Industrial Organization of Financial Market Information Production

William J Wilhelm and Zhaohui Chen

5313: New-Keynesian or RBC Transmission? The Effects of Fiscal Shocks in Labour Markets

Evi Pappa

5312: Measuring Fiscal Sustainability

Michael Wickens and Vito Polito

5311: The Log of Gravity

João Santos Silva and Silvana Tenreyro

5310: Herding With and Without Payoff Externalities - An Internet Experiment

Mathias Drehmann, Andreas Roider and Jörg Oechssler

5309: Blinder-Oaxaca Decomposition for Tobit Models

Thomas Bauer and Mathias Sinning

5308: Black Sheep and Walls of Silence

Gerd Muehlheusser and Andreas Roider

5307: Volatility and Development

Miklós Koren and Silvana Tenreyro

5306: The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations

Martin Eichenbaum, Sergio Rebelo and Ariel Burstein

5305: Real-Time Model Uncertainty in the United States: the Fed from 1996-2003

Robert Tetlow and Brian Ironside

5304: How Useful is Bagging in Forecasting Economic Time Series? A Case Study of US CPI Inflation

Lutz Kilian and Atsushi Inoue

5303: Identifying the Effects of Firing Restrictions Through Size-Contingent Differences in Regulation

Fabiano Schivardi and Roberto Torrini

5302: Short-Run Italian GDP Forecasting and Real-Time Data

Giuseppe Parigi and Roberto Golinelli

5301: Making A Difference

Patrick Francois

5300: Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation

Fougère, Denis, , and Patrick Sevestre

5296: The Public Pay Gap in Britain: Small Differences That (Don?t?) Matter

Hélène Turon and Fabien Postel-Vinay

5295: Pooling-based data interpolation and backdating

Massimiliano Marcellino

5294: Modelling and Forecasting Fiscal Variables for the euro Area

Carlo Favero and Massimiliano Marcellino

5293: Individual Protection Against Property Crime: Decomposing the Effects of Protection Observability

Tanguy van Ypersele and Louis Hotte

5292: Should Contractual Clauses that Forbid Renegotiation Always be Enforced?

Patrick Schmitz

5291: Efficiency, Equity and Timing in Voting Mechanisms

Marco Battaglini, Thomas Palfrey and Rebecca Morton

5290: Learning to be an Entrepreneur

Luigi Guiso and Fabiano Schivardi

5289: Optimal Delegation

Niko Matouschek and Ricardo Alonso

5288: Trusting the Stock Market

Luigi Guiso, Luigi Zingales and Paola Sapienza