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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2513: The Demand for Private Medical Insurance in the UK: A Cohort Analysis

Carol Propper and Hedley Rees

2512: Measuring Income Risk

Simon Burgess, Stephen Jenkins, Carol Propper and Karin Gardiner

2511: The Transfer Problem Revisited: Net Foreign Assets and Real Exchange Rates

Gian Maria Milesi-Ferretti and Philip Lane

2510: The Euro as an International Currency: Explaining Puzzling First Evidence

Michael Moore, Harald Hau and William Killeen

2509: The Generalized Dynamic Factor Model: Representation Theory

Marco Lippi and Mario Forni

2508: The Monetary Transmission Mechanism: Evidence from the Industries of Five OECD Countries

Francesco Lippi and Luca Dedola

2507: An Interest Rate Defence of a Fixed Exchange Rate?

Robert Flood and Olivier Jeanne

2506: Gender, Salary and Promotion in the Academic Profession

Melanie Ward-Warmedinger

2505: Public Trading and Private Incentives

Denis Gromb and Antoine Faure-Grimaud

2504: Excessive continuation and Dynamic Agency Costs of Debt

Antoine Faure-Grimaud and Décamps, Jean Paul

2503: Subjective Discount Factors

Thomas Mariotti and Erzo Luttmer

2502: Hit Twice? Danish Evidence on the Double-Negative Effect on the Wages of Immigrant Women

Nina Smith, Michael Rosholm and Helena Nielsen

2501: Law Enforcement and Transition

Gérard Roland and Thierry Verdier

2500: Unemployment Duration and Exit States in Britain

Mark Taylor and Böheim, René

2499: Inflation Forecast Uncertainty

Söderlind, Paul

2498: Productivity Differences

Daron Acemoglu and Fabrizio Zilibotti

2497: Inequality and Mobility

Joseph Zeira, John Hassler and Rodríguez Mora, José V

2496: Games for Central Bankers: Markets vs. Politics in Public Policy Decisions

Alessandra Casella

2495: Centralized versus Decentralized Provision of Local Public Goods: a Political Economy Analysis

Timothy Besley and Stephen Coate

2494: Combining Micro and Macro Unemployment Duration Data

Gerard van den Berg and Bas van der Klaauw

2493: Earnings Inequality, Returns to Education and Immigration into Ireland

Brian Nolan, John Fitz Gerald and Alan Barrett

2492: Does the Recent Success of some OECD Countries in Lowering their Unemployment Rates lie in the Clever Design of their Labour Ma

Jan van Ours and Michèle Belot

2491: Public and Private Provision of Health Care

Xavier Martinez-Giralt and Pedro Barros

2490: Unemployment Dynamics, Duration and Equilibrium: Evidence from Britain

Simon Burgess and Hélène Turon

2489: Waiting Times for Hospital Admissions: the Impact of GP Fundholding

Carol Propper, Bronwyn Croxson and Arran Shearer

2488: Capture of Bankruptcy: Theory and Evidence from Russia

Ekaterina Zhuravskaya, Ariane Lambert-Mogiliansky and Konstantin Sonin

2487: Language Proficiency and Labour Market Performance of Immigrants in the UK

Christian Dustmann and Francesca Fabbri

2486: Who Gains when Workers Train? Training and Corporate Productivity in a Panel of British Industries

John van Reenen, Lorraine Dearden and Howard Reed

2485: Agricultural Productivity Growth and Escape from the Malthusian Trap

Fürnkranz-Prskawetz, Alexia and Kögel, Tomas

2484: Has the Introduction of Bookbuilding Increased the Efficiency of International IPOs?

Tim Jenkinson, Alexander Ljungqvist and William J Wilhelm

2483: Selling Company Shares to Reluctant Employees: France Télécom's Experience

Francois Degeorge, Peter Tufano, Dirk Jenter and Alberto Moel

2482: Special Interest Politics and Aid Fungibility

Sajal Lahiri and Pascalis Raimondos

2481: Reciprocity Across Modes of Supply in the WTO: A Negotiating Formula

Aaditya Mattoo and Marcelo Olarreaga

2480: Deepening of Regional Integration and Multilateral Trade Agreements

L. Winters, Eric Bond and Constantinos Syropoulos

2479: Do Interventions Smooth Interest Rates?

Andreas Fischer

2478: Austria's Hard-Currency Policy: The Mechanics of Successful Exchange-Rate Peg

Andreas Fischer and Michael Dueker

2477: Maintenance, Utilization, and Depreciation along the Business Cycle

Tryphon Kollintzas and Fabrice Collard

2476: The Trade and Labour Approaches to Wage Inequality

Jonathan Haskel

2475: The Nonlinear Dynamics of Output and Unemployment in the US

Filippo Altissimo and Giovanni Violante

2474: General Purpose Technology and Within-Group Inequality

Peter Howitt, Philippe Aghion and Giovanni Violante

2473: Sectors and the OECD Business Cycle

Jean Imbs

2472: Job Creation, Job Destruction, and the International Division of Labour

Marion Jansen and Alessandro Turrini

2471: Multinational Corporations, Wages and Employment: Do Adjustment Costs Matter?

Anna M Falzoni and Giovanni Bruno

2470: The Choice and Timing of Foreign Market Entry under Uncertainty

Leo Sleuwaegen and Enrico Pennings

2469: Does FDI Work as a Channel for R&D Spillovers? Evidence Based on Swedish Data

Karen Helene Ulltveit-Moe, Karolina Ekholm and Henrik Braconier

2468: On the Welfare Effects of Competition for Foreign Direct Investments

Chiara Fumagalli

2467: Vertical Industry Linkages: Sources Of Productivity Gains And Cumulative Causation

Karen Helene Ulltveit-Moe and Frode Steen

2466: Human Capital In Growth Regressions: How Much Difference Does Data Quality Make?

Angel de La Fuente and Rafael Domenech

2465: Convergence Across Countries And Regions: Theory And Empirics

Angel de La Fuente

2464: Rent Seeking/Corruption And Growth: A Simple Model

Tryphon Kollintzas and George-Marios Angeletos

2463: Restructuring And Productivity Growth In UK Manufacturing

Jonathan Haskel, Richard F Disney and Ylva Heden

2462: A Model Of Market-Enhancing Infrastructure

Philippe Aghion and Mark Schankerman

2461: The Euro and International Capital Markets

Philipp Hartmann and Carsten Detken

2460: Macroeconomic Stabilization: Fixed Exchange Rates Vs Inflation Targeting Vs Price Level Targeting

Vivek Dehejia and Nicholas Rowe

2459: Merger Policies And Trade Liberalization

Henrik Horn and James Levinsohn

2458: Liquidity Constraints, Production Costs And Output Decisions

Paul Povel and Michael Raith

2457: Mapping The Two Faces Of R&D: Productivity Growth In A Panel Of OECD Industries

John van Reenen, Rachel Griffith and Stephen Redding

2456: The US Social Security: A Financial Appraisal For The Median Voter

Vincenzo Galasso

2455: Racial Beliefs, Location And The Causes Of Crime

Thierry Verdier and Yves Zenou

2454: Monetary Policy In The Open Economy Revisited: Price Setting Rules And Exchange Rate Flexibility

Charles Engel and Michael Devereux

2453: Banking Crises and Bank Rescues: The Role of Reputation

Jenny Corbett and Janet Mitchell

2452: The Role Of The Minimum Wage In The Welfare State: An Appraisal

Juan Dolado, Juan F Jimeno and Florentino Felgueroso

2451: The Impact Of Active Labour Market Policies And Benefit Entitlement Rules On The Duration Of Unemployment

Jan van Ours, Zweimüller, Josef and Rafael Lalive

2450: Output And Unemployment Dynamics In Transition

Vivek Dehejia and Douglas Dwyer

2449: Barter For Price Discrimination?

Sergei Guriev and Dmitriy Kvasov

2448: Exchange Rate And Foreign Inflation Risk Premiums In Global Equity Returns

Maria Vassalou

2447: Punitive Sanctions and the Transition Rate From Welfare to Work

Jan van Ours, Gerard van den Berg and Bas van der Klaauw

2446: Tax And Education Policy In A Heterogeneous Agent Economy: What Levels Of Redistribution Maximize Growth And Efficiency?

Bénabou, Roland

2445: Employer Learning And The Returns To Schooling

Thomas Bauer and John P Haisken-DeNew

2444: Competition And Firm Performance: Lessons From Russia

J. David Brown and John Earle

2443: A Multi-Task Principal-Agent Approach to Organizational Form

Régibeau, Pierre, Katharine Rockett and David Besanko

2442: An Empirical Evaluation Of The Determinants Of Research Joint Venture Formation

Georges Siotis, Marín Uribe, Pedro Luis and Hernán, Roberto

2441: Asymmetries In Monetary Policy Rules: Evidence For Four Central Banks

Juan Dolado, María-Dolores, Ramón and Manuel Naveira Barrero

2440: The Evolution of Markets Under Entry and Standards Regulation - The Case of Global Mobile Telecommunications

Harald Gruber and Frank Verboven

2439: Collateral Vs. Project Screening: A Model Of Lazy Banks

Michael Manove, Jorge Padilla and Marco Pagano

2438: Evaluating The Persistence And Structuralist Theories Of Unemployment

Gylfi Zoega, Jerry Coakley and Ana-Maria Fuertes

2437: Agriculture, Developing Countries, And The WTO Millennium Round

Kym Anderson

2436: The Morning After: Explaining The Slowdown In Japanese Growth In The 1990s

Tamim Bayoumi

2435: A Peek Inside The Black Box: The Monetary Transmission Mechanism In Japan

Tamim Bayoumi and James Morsink

2434: Corruption And Competition In Public Market Auctions

Thierry Verdier, Olivier Compte and Ariane Lambert-Mogiliansky

2433: Inequality And Group Participation: Theory And Evidence From Rural Tanzania

Eliana La Ferrara

2432: Barter In Transition Economies: Competing Explanations Confront Ukrainian Data

Dalia Marin, Daniel Kaufmann and Bogdan Gorochowskij

2431: Why Do People Still Live In East Germany?

Jennifer Hunt

2430: Immigrant Assimilation And Welfare Participation: Do Immigrants Assimilate Into Or Out Of Welfare?

Jorgen Hansen and Löfström, Magnus

2429: Strategic Recruiting And The Chain Of Command

Guido Friebel and Michael Raith

2428: Continuous Training In Germany

Jorn-Steffen Pischke

2427: The Bail-In Problem: Systematic Goals, Ad Hoc Means

Barry Eichengreen and Christoph Ruehl

2426: Natural Rate Doubts

Roger Farmer

2425: Size Distortions Of Tests Of The Null Hypothesis Of Stationarity: Evidence And Implications For The PPP Debate

Lutz Kilian and Mehmet Caner

2424: Measuring Predictability: Theory And Macroeconomic Applications

Francis Diebold and Lutz Kilian

2423: Will EMU Increase Eurosclerosis?

Samuel Bentolila and Gilles Saint-Paul

2422: Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia

Kaspar Richter

2421: Financial Contracting Theory Meets The Real World: An Empirical Analysis Of Venture Capital Contracts

Steven Kaplan and Strömberg, Per

2420: Regulation And Labour Market Performance

Tito Boeri, Stefano Scarpetta and Giuseppe Nicoletti

2419: Female Labour Supply, Flexibility Of Working Hours, And Job Mobility

Rob Euwals

2418: Unions And The Labour Market For Managers

Jorn-Steffen Pischke, John DiNardo and Kevin Hallock

2417: Collateral, Renegotiation And The Value Of Diffusely Held Debt

Pierre Mella-Barral and Ulrich Hege

2416: Strategic Trading And Learning About Liquidity

Sven Rady and Harrison Hong

2415: Do R&D Credits Work? Evidence From A Panel Of Countries 1979-97

John van Reenen, Rachel Griffith and Nicholas Bloom

2414: Social Harmony At The Boundaries Of The Welfare State: Immigrants And Social Transfers

Arye Hillman and Gil Epstein