CEPR Discussion Papers

From Centre for Economic Policy Research
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5103: Changes in Infrastructure and Tariff Barriers: Local Vs. Global Impacts

Gianmarco Ottaviano, Andrea Lamorgese, Takatoshi Tabuchi and Kristian Behrens

5102: The Savings Behaviour of Temporary and Permanent Migrants in Germany

Thomas Bauer and Mathias Sinning

5101: Monetary Policy in the Euro Area: Lessons from Five Years of ECB and Implications for Turkey

Carlo Favero and Fabio Canova

5100: Making Sense of Bolkestein-Bashing: Trade Liberalization Under Segmented Labour Markets

Gilles Saint-Paul

5099: Education, Matching and the Allocative Value of Romance

Alison Booth and Melvyn Coles

5098: The Stability Threshold and Two Facts of Polarization

Michel Le Breton, Shlomo Weber and Ori Haimanko

5097: A Test of Trade Theories when Expenditure is Home Biased

Federico Trionfetti and Brülhart, Marius

5096: Market Definition in the Printed Media Industry: Theory and Practice

Marc Ivaldi and Elena Argentesi

5095: Lending Booms and Lending Standards

Giovanni Dell'ariccia and Robert Marquez

5094: Money Supply and the Implementation of Interest Rate Targets

Andreas Schabert

5093: A Simple Scheme to Improve the Efficiency of Referenda

Alessandra Casella and Andrew Gelman

5092: The Killing Game: Reputation and Knowledge in Non-Democratic Succession

Konstantin Sonin and Georgy Egorov

5091: Does Labour Market Risk Increase the Size of the Public Sector? Evidence from Swedish Municipalities

Jonas Vlachos

5090: Income and Wealth Concentration in Switzerland Over the 20th Century

Thomas Piketty, Emmanuel Saez and Fabien Dell

5089: Culture: An Empirical Investigation of Beliefs, Work and Fertility

Fernández, Raquel and Alessandra Fogli

5088: The Real Effect of Banking Crises

Enrica Detragiache, Raghuram Rajan and Giovanni Dell'ariccia

5087: Is the Division of Labour Limited By the Extent of the Market? Evidence from French Cities

Gilles Duranton and Hubert Jayet

5086: Factor Supplies and the Direction of Technological Change

Jonas Vlachos and Helena Svaleryd

5085: The French Zones D'Education Prioritaire: Much Ado About Nothing?

Bénabou, Roland, Francis Kramarz and Corinne Prost

5084: The Toehold Puzzle

Bjorn Eckbo, Karin Thorburn and ,

5083: Immigration and Prices

Saul Lach

5082: Outsourcing and Technological Change

Ann Bartel, Saul Lach and Nachum Sicherman

5081: Offshore Financial Centres: Parasites or Symbionts?

Andrew Rose and Mark Spiegel

5080: The Simple Geometry of Transmission and Stabilization in Closed and Open Economies

Paolo Pesenti and Giancarlo Corsetti

5079: The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars

Kevin O'Rourke

5078: Networks of Relations and Social Capital

Giancarlo Spagnolo and Steffen Lippert

5077: The Benefits of Separating Early Retirees from the Unemployed: Simulation Results for Belgian Wage Earners

Sergio Perelman, Alain Jousten and Raphael Desmet

5076: Is Political Risk Company-Specific? The Market Side of the Yukos Affair

Konstantin Sonin and Alexei Goriaev

5075: A Theory of Brinkmanship, Conflicts, and Commitments

Konstantin Sonin and Michael Schwarz

5074: The 'Tampa' Effect. Australian Asylum Policy in International Perspective

Timothy Hatton and ,

5073: The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939: Volatility and Secular Change

Jeffrey Williamson, Christopher Blattman and ,

5072: Monetary Policy with Judgement: Forecast Targeting

Lars Svensson

5071: Robust Monetary Policy in a Small Open Economy

Söderström, Ulf and Kai Leitemo

5070: Why and Where do Headquarters Move?

Xavier Vives and Vanessa Strauss-Kahn

5069: Labour Mobility During Transition: Evidence from the Czech Republic

Jan Fidrmuc

5068: Formation of Social Capital in Central and Eastern Europe: Understanding the Gap Vis-a-Vis Developed Countries

Jan Fidrmuc and Gërxhani, Klarita

5067: Is It Trust we Model? An Attempt to Calculate the Non-Calculative

Stephanie Rosenkranz and Utz Weitzel

5066: India's De-Industrialization Under British Rule: New Ideas, New Evidence

Jeffrey Williamson and David Clingingsmith

5065: Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia

Beata Javorcik and Jens Arnold

5064: Advertising Content

Simon Anderson and Régis Renault

5063: Alliances in the Air: Some Worldwide Evidence

Marín Uribe, Pedro Luis and Philippe Gagnepain

5062: Political Predation and Economic Development

Bruno Biais, Jean-Paul Azam and Robert Bates

5061: SMEs and Bank Lending Relationships: The Impact of Mergers

Janet Mitchell, Hans Degryse and Nancy Masschelein

5060: Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing and Competition

Reinhilde Veugelers, Rene Belderbos and Elissavet Lykogianni

5059: Global View of Economic Growth

Jaume Ventura

5058: Refugees, Asylum Seekers and Policy in Europe

Timothy Hatton and Jeffrey Williamson

5057: Does Self-Employment Reduce Unemployment?

David Audretsch, Roy Thurik, Martin Carree and André van Stel

5056: Rule-Based Monetary Policy Under Central Banking Learning

Kalin Nikolov and Kosuke Aoki

5055: Who is Against Immigration? A Cross-Country Investigation of Individual Attitudes Towards Immigration

Anna Maria Mayda

5052: Should Uniform Pricing Contraints be Imposed on Entrants?

Steffen Hoernig

5051: How Much Market Access in FTAs? Textiles Under NAFTA

Jaime de Melo, Olivier Cadot, Carrère, Céline and Alberto Portugal-Perez

5050: Measuring Income Elasticity for Swiss Money Demand: What Do the Cantons Say About Financial Innovation?

Andreas Fischer

5049: Would Multilateral Trade Reform Benefit Sub-Saharan Africans?

Kym Anderson, Dominique van der Mensbrugghe and Will Martin

5048: Must Try Harder. Evaluating the Role of Effort in Educational Attainment

Gianni De Fraja, Luisa Zanchi and Tania Oliveira

5047: Human Capital and Optimal Positive Taxation of Capital Income

Lans Bovenberg and Bas Jacobs

5046: Optimal Transfers and Participation Decisions in International Environmental Agreements

Carlo Carraro, Johan Eyckmans and Michael Finus

5045: Trade Preferences to Small Developing Countries and the Welfare Costs of Lost Multilateral Liberalization

Marcelo Olarreaga and Limão, Nuno

5044: What Determines the Future Value of an Icon Wine? New Evidence from Australia

Kym Anderson and Danielle Wood

5043: In Praise of Fiscal Restraint and Debt Rules. What the Euro Zone Might Do Now

Andrew Hughes Hallett

5042: Forming Rational Expectations and When it is Right to be 'Wrong'

Andrew Hughes Hallett and Maria Demertzis

5041: Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach

Raman Uppal, Tan Wang and Lorenzo Garlappi

5040: On the Optimal Progressivity of the Income Tax Code

Juan Carlos Conesa and Dirk Krueger

5039: Pareto Improving Social Security Reform when Financial Markets Are Incomplete

Dirk Krueger and Kübler, Felix

5038: Intermediaries as Bundlers, Traders and Quality Assessors: The Case of UK Tour Operators

Panos Pashardes, Sofronis Clerides and Paris Nearchou

5037: A Cross-Country Financial Accelerator: Evidence from North America and Europe

Mark Taylor, Lucio Sarno and Ashoka Mody

5036: Regulating Financial Conglomerates

Xavier Freixas, Alan Morrison and Lóránth, Gyöngyi

5035: A Study of Inefficient Going Concerns in Bankruptcy

Julian Franks and Lóránth, Gyöngyi

5034: Regional and Sub-Global Climate Blocs. A Game-Theoretic Perspective on Bottom-up Climate Regimes

Carlo Carraro and Barbara Buchner

5033: Dual Employment Protection Legislation: A Framework for Analysis

Juan Dolado, Juan F Jimeno and Marcel Jansen

5032: Implementation Cycles in the New Economy

Pasquale Scaramozzino, Nir Vulkan and Jonathan Temple

5031: Information Exchange and Competition in Communications Networks

Tommaso Valletti and Carlo Cambini

5030: The Affectionate Society: Does Competition for Partners Promote Friendliness?

Hans Gersbach and Hans Haller

5029: Real Exchange Rate Overshooting RBC Style

A. Patrick Minford, Eric Nowell, David Meenagh and Prakriti Sofat

5028: Agglomeration and the Adjustment of the Spatial Economy

Gilles Duranton, Pierre-Philippe Combes and Henry Overman

5027: Funding Modes of German Banks: Structural Changes and its Implications

Martin Weber and Lars Norden

5026: The Replacement Problem in Frictional Economies: An 'Equivalence Result'

Giovanni Violante and Andreas Hornstein

5025: The Effects of Technical Change on Labour Market Inequalities

Giovanni Violante and Andreas Hornstein

5024: Finite State Dynamic Games with Asymmetric Information: A Framework for Applied Work

Chaim Fershtman and Ariel Pakes

5023: Reciprocal Dumping with Bertrand Competition

Mattias Ganslandt and Richard Friberg

5022: Parallel Trade, International Exhaustion and Intellectual Property Rights: A Welfare Analysis

Stefan Szymanski and Tommaso Valletti

5021: Betting on Hitler - The Value of Political Connections in Nazi Germany

Hans-Joachim Voth and Thomas Ferguson

5020: The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choicewith Recursive Utility

Raman Uppal and Harjoat Bhamra

5019: Stochastic Optimization and Worst Case Analysis in Monetary Policy Design

Berc Rustem, Volker Wieland and Stan Zakovic

5018: Peer Effects in Austrian Schools

Rudolf Winter-Ebmer and Nicole Schneeweis

5017: Explaining The Equity Risk Premium

A. Patrick Minford and Laurian Lungu

5016: The Insiders' Dilemma: An Experiment on Merger Formation

Johan Stennek and Tobias Lindqvist

5015: The Costs of Remoteness: Evidence from German Division and Reunification

Stephen Redding and Daniel Sturm

5014: Optimality and Renegotiation in Dynamic Contracting

Marco Battaglini

5013: Democratic Mechanisms: Double Majority Rules and Flexible Agenda Costs

Hans Gersbach

5012: Awareness of General Equilibrium Effects and Unemployment

Hans Gersbach and Achim Schniewind

5011: Efficient Tuition & Fees, Examinations and Subsidies

Robert Gary-Bobo and Alain Trannoy

5010: Money and the Size of Transactions

Joseph Zeira

5009: City Structure, Job Search and Labour Discrimination. Theory and Policy Implications

Yves Zenou and Harris Selod

5008: Shock Identification of Macroeconomic Forecasts Based on Daily Panels

Andreas Fischer and Marlene Amstad

5007: Does Fertility Respond to Financial Incentives?

Guy Laroque and Salanié, Bernard

5006: Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management

Suleyman Basak, Anna Pavlova and Alex Shapiro

5005: Implementing the Stability and Growth Pact: Enforcement and Procedural Flexibility

Roel Beetsma and Xavier Debrun

5004: Intermodal and Intramodal Competition in Passenger Rail Transport

Marc Ivaldi and Catherine Vibes

5003: Dynamic Monopoly Pricing and Herding

Gerhard O Orosel, Marco Ottaviani, Lise Vesterlund and Subir Bose

5002: The Impact of TFP Growth on Steady-State Unemployment

Christopher Pissarides and ,