CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.
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5750: Racial Segregation and Public School Expenditure

Eliana La Ferrara and Angelo Mele

5749: Menu Costs and Asymmetric Price Adjustment

Tore Ellingsen, John Hassler and Richard Friberg

5748: Media Freedom, Bureaucratic Incentives and the Resource Curse

Georgy Egorov, Sergei Guriev and Konstantin Sonin

5747: Optimal Selling Strategies When Buyers May Have Hard Information

Patrick Schmitz

5746: A Portfolio Theory of International Capital Flows

Michael Devereux and Makoto Saito

5745: Separation of Powers and the Budget Process

Elhanan Helpman and Gene Grossman

5744: Firms Merge in Response to Constraints

Jan Boone

5743: Expectations and Exchange Rate Policy

Charles Engel and Michael Devereux

5742: The Comparative Statics of Collusion Models

Kühn, Kai-Uwe and Michael S Rimler

5741: Shortening the Potential Duration of Unemployment Benefits Does Not Affect the Quality of Post-Unemployment Jobs: Evidence from a Natural Experiment

Jan C. van Ours and Milan Vodopivec

5740: Monetary Conservatism and Fiscal Policy

Klaus Adam and Roberto Billi

5739: Why Do Worker-Firm Matches Dissolve?

Jan C. van Ours and Anne Gielen

5738: Openness, Inequality and Poverty: Endowments Matter

Jaime de Melo, Julien Gourdon and Nicolas Maystre

5737: Does Where You Go Matter? The Impact of Outward Foreign Direct Investment on Multinationals' Employment at Home

Peter Debaere, Hongshik Lee and Joonhyung Lee

5736: From Temporary Help Jobs to Permanent Employment: What Can We Learn from Matching Estimators and their Sensitivity?

Andrea Ichino, Tommaso Nannicini and Fabrizia Mealli

5735: Cognitive Abilities and Portfolio Choice

Tullio Jappelli and Mario Padula

5734: Optimal Currency Shares in International Reserves: The Impact of the Euro and the Prospects for the Dollar

Richard Portes, Elias Papaioannou and Gregorios Siourounis

5733: Control Rights in Public-Private Partnerships

Abhinay Muthoo and Marco Francesconi

5732: Love thy Neighbour, Love thy Kin: Strategy and Bias in the Eurovision Song Contest

Thanasis Stengos and Sofronis Clerides

5731: Ranking Journals by Concentration of Author Affiliation: Thirty-Five Years of Finance Research

Kristian Rydqvist and Dennis Lasser

5730: Trade Integration, Firm Selection and the Costs of Non-Europe

Gianmarco Ottaviano, Giordano Mion and Massimo Del Gatto

5729: A Critical Appraisal of Recent Developments in the Analysis of Foreign Exchange Intervention

Paolo Vitale

5728: Exploiting Regional Treatment Intensity for the Evaluation of Labour Market Policies

Michael Lechner and Fröhlich, Markus

5727: Financial Innovations and Macroeconomic Volatility

Vincenzo Quadrini and Urban Jermann

5726: The Effect of Introducing a Non-redundant Derivative on the Volatility of Stock-Market Returns

Harjoat Bhamra and Raman Uppal

5725: Does Information Help Recovering Structural Shocks from Past Observations?

Lucrezia Reichlin and Domenico Giannone

5724: A Quasi Maximum Likelihood Approach for Large Approximate Dynamic Factor Models

Lucrezia Reichlin, Catherine Doz and Domenico Giannone

5723: Money Growth, Output Gaps and Inflation at Low and High Frequency: Spectral Estimates for Switzerland

Stefan Gerlach and Katrin Assenmacher

5722: Stock Price Informativeness, Cross-Listings and Investment Decisions

Thomas Gehrig and Thierry Foucault

5721: Foreign Aid and Fiscal Policy

Riccardo Faini

5720: Remittances and the Brain Drain

Riccardo Faini

5719: Where Are the Real Bottlenecks? Evidence from 20,000 Firms in 60 Countries About the Shadow Costs of Constraints to Firm Performance

Wendy Carlin, Mark Schaffer and Paul Seabright

5718: Institution Building and Growth in Transition Economies

Luc Laeven and Thorsten Beck

5717: Elections, Contracts and Markets

Hans Gersbach and Müller, Markus

5716: The Timing of Monetary Policy Shocks

Silvana Tenreyro and Giovanni Olivei

5715: Development, Democracy and Mass Killings

William Easterly, Roberta Gatti and Sergio Kurlat

5714: The Macroeconomics of Targeting: The Case of an Enduring Epidemic

Hans Gersbach and Clive Bell

5713: CEO Compensation and Strategy Inertia

Roman Inderst and Holger Mueller

5712: Bargaining for Bribes: The Role of Institutions

Raymond Fisman and Roberta Gatti

5711: Financing a Portfolio of Projects

Roman Inderst, Holger Mueller and Felix Muennich

5710: Sovereign Debt Restructuring: the Judge, the Vultures and Creditor Rights

Marcus Miller and Dania Thomas

5708: Multi-Product Firms and Product Switching

Andrew Bernard, Stephen Redding and Peter Schott

5707: Entrepreneurship: First Results from Russia

Yingyi Qian, Gérard Roland, Simeon Djankov, Ekaterina Zhuravskaya and Edward Miguel

5706: Who Are China's Entrepreneurs?

Simeon Djankov, Yingyi Qian, Gérard Roland and Ekaterina Zhuravskaya

5705: Entrepreneurship in China and Russia Compared

Simeon Djankov, Yingyi Qian, Gérard Roland and Ekaterina Zhuravskaya

5704: Optimal Choice of Characteristics for a Non-Excludable Good

Isabelle Brocas

5703: Income Inequality and Progressive Income Taxation in China and India, 1986-2015

Thomas Piketty and Nancy Qian

5702: Individual Attitudes Towards Immigrants: Welfare-State Determinants Across Countries

Anna Maria Mayda and Giovanni Facchini

5701: Strategic Patenting and Software Innovation

Mark Schankerman and Michael Noel

5700: Are Elite Universities Losing their Competitive Edge?

Luigi Zingales, Adair Morse and E Han Kim

5699: Can South-South Trade Liberalisation Stimulate North-South Trade?

Frederic Robert-Nicoud and Marco Fugazza

5698: Democracy and Protectionism

Kevin O'Rourke and Alan Taylor

5697: Financial Structure and Macroeconomic Volatility: Theory and Evidence

Harry Huizinga and Dantao Zhu

5696: Legal Status at Entry, Economic Performance and Self-Employment Proclivity: A Bi-National Study of Immigrants

Klaus Zimmermann and Amelie Constant

5695: A Lender-Based Theory of Collateral

Roman Inderst and Holger Mueller

5694: Risk Aversion and Human Capital Investment: A Structural Econometric Model

Robert Gary-Bobo, Thomas Brodaty and Ana Prieto

5693: Last Minute Feedback

Konrad Stahl, Giancarlo Spagnolo, Tobias Klein and Christian Lambertz

5692: Unemployment Accounts and Employment Incentives

Dennis Snower, Mike Orszag and Alessio Brown

5691: The Home Bias and Capital Income Flows between Countries and Regions

Michael Artis and Mathias Hoffmann

5690: Participation and Schooling in a Public System of Higher Education

Frank Verboven and Stijn Kelchtermans

5689: House Prices, Rents and Interest Rates Under Collateral Constraints

López-Salido, J David and Oscar Arce

5688: Challenges and Opportunities for Resource Rich Economies

Frederick (Rick) van der Ploeg

5687: Clubs and Households

Hans Gersbach and Hans Haller

5686: Investments into Education - Doing as the Parents Did

Georg Kirchsteiger and Alexander Sebald

5685: Disability and Work: The Role of Health Shocks and Childhood Circumstances

Maarten Lindeboom, Bas van der Klaauw and Ana Llena-Nozal

5684: The Economic Importance of Fiscal Rules

Michael Artis and Luca Onorante

5683: Understanding the Link between Money Growth and Inflation in the Euro Area

Stefan Gerlach and Katrin Assenmacher

5682: Close Neighbours Matter: Neighbourhood Effects on Early Performance at School

Dominique Goux and Eric Maurin

5681: Outsourcing, Contracts and Innovation Networks

Gianmarco Ottaviano and Alireza Naghavi

5680: Can Post-Grant Reviews Improve Patent System Design? A Twin Study of US and European Patents

Dietmar Harhoff and Stuart Graham

5679: When is Democracy an Equilibrium? Theory and Evidence from Colombia's La Violencia

James Robinson, Ragnar Torvik and Mario Chacon

5678: Technology, Information and the Decentralization of the Firm

Philippe Aghion, John van Reenen, Daron Acemoglu, Fabrizio Zilibotti and Claire Lelarge

5677: What Do We Now Know About Currency Unions?

Michael Artis

5676: Interpreting Prediction Market Prices as Probabilities

Justin Wolfers and Eric Zitzewitz

5675: Were American Parents Really Selfish? Child Labour in the 19th Century

V Bhaskar and Bishnupriya Gupta

5674: Exposure to Foreign Media and Changes in Cultural Traits: Evidence from Naming Patterns in France

Thierry Mayer, Anne-Célia Disdier and Keith Head

5673: Reform Redux: Measurement, Determinants and Reversals

Nauro Campos and Horváth, Roman

5672: Intellectual Property Rights and Entry into a Foreign Market: FDI vs Joint Ventures

Dermot Leahy and Alireza Naghavi

5671: Entry and Asymmetric Lobbying: Why Governments Pick Losers

Richard Baldwin and Frederic Robert-Nicoud

5670: The Consumption-Tightness Puzzle

Morten Ravn

5669: On Public Opinion Polls and Voters' Turnout

Esteban Klor and Eyal Winter

5668: New Evidence on the Causal Link between the Quantity and Quality of Children

Joshua Angrist, Victor Lavy and Analia Schlosser

5667: Women Prefer Larger Governments: Growth, Structural Transformation and Government Size

Jose Tavares and Tiago Cavalcanti

5666: How Much Information Should Interest Rate-Setting Central Banks Reveal?

Charles Wyplosz, Aïleen Lotz and Pierre Gosselin

5665: Assessing the 'Engines of Liberation': Home Appliances and Female Labour Force Participation

Jose Tavares and Tiago Cavalcanti

5664: Inflation Targeting under Imperfect Knowledge

Athanasios Orphanides and John Williams

5663: Agglomeration, Offshoring and Heterogenous Firms

Richard Baldwin and Toshihiro Okubo

5662: 'Bend It Like Beckham': Identity, Socialization and Assimilation

Thierry Verdier, Yves Zenou, Alberto Bisin and Eleonora Patacchini

5661: The Dynamics of the Racial Test Score Gap During the School Years in Britain

Yves Zenou and Eleonora Patacchini

5660: Peer Effects in European Primary Schools: Evidence from PIRLS

Jorn-Steffen Pischke and Ammermüller, Andreas

5659: Explorations of the Effect of Experience on Preferences: Two Health-Care Case Studies

Shoshana Neuman and Einat Neuman

5658: Monetary Persistence, Imperfect Competition and Staggering Complementarities

Dennis Snower and Christian Merkl

5657: How Far Are We From the Slippery Slope? The Laffer Curve Revisited

Harald Uhlig and Mathias Trabandt

5656: The Caring Hand that Cripples: The East German Labour Market after Reunification

Dennis Snower and Christian Merkl

5655: Dualism and Cross-Country Growth Regressions

Jonathan Temple and Ludger Woessmann

5654: Democratic Capital: The Nexus of Political and Economic Change

Torsten Persson and Guido Tabellini

5653: Comprehensive versus Selective Schooling in England and Wales: What Do We Know?

Jorn-Steffen Pischke and Alan Manning

5652: Selecting Copulas for Risk Management

Kees Koedijk, Marno Verbeek and Erik Kole

5651: Institutional Weakness and Stock Price Volatility

Assaf Razin, Galina Hale and Hui Tong

5650: Distribution Margins, Imported Inputs and the Insensitivity of the CPI to Exchange Rates

Linda Goldberg and Jose Campa