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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1912: Union Power and Product Market Competition: Evidence from the Airline Industry

Damien Neven, Lars-Hendrik Röller and Zhentang Zhang

1911: Labour Force transitions of Older Married Couples in Germany

David Blau and Regina Riphahn

1910: Contentious Contracts

Ulrich Hege and Pascale Viala

1909: Workers' Versus Bankers' Europe (II): Policy Externalities and Credibility in EMU

Laura Bottazzi and Paolo Manasse

1908: Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

Richard Clarida, Jordi Galí and Mark Gertler

1907: Computers and the Demand for Skilled Labour: Industry and Establishment-Level Panel Evidence for the United Kingdom

Jonathan Haskel and Ylva Heden

1906: Monetary Policy and Credit in China: A Theoretical Analysis

Huw Dixon

1905: Price Competition Between an Expert and a Non-Expert

Jan Bouckaert and Hans Degryse

1904: The External Sector, the State and Development in Eastern Europe

Barry Eichengreen and Richard Kohl

1903: Agglomeration and Trade Revisited

Gianmarco Ottaviano and Jacques Thisse

1902: A Bargaining Model of Farrell Inefficiency

Jonathan Haskel and Amparo Sanchis-Llopis

1901: Technology in Growth

Louise Keely and Danny Quah

1900: Ownership and Growth

Thorvaldur Gylfason, Tryggvi Herbertsson and Gylfi Zoega

1899: Fiscal Discipline and Exchange Rate Regimes

Matthew Canzoneri, Robert Cumby and Behzad Diba

1898: Currency Crisis and Unemployment: Sterling in 1931

Barry Eichengreen and Olivier Jeanne

1897: A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition

Thesia Garner and Katherine Terrell

1896: The Impact of Exchange Rate Uncertainty on the Level of Investment

Julia Darby, Andrew Hughes Hallett, Jonathan Ireland and Laura Piscitelli

1895: The Long-Run Educational Cost of World War II: An Example of Local Average Treatment Effect Estimation

Andrea Ichino and Rudolf Winter-Ebmer

1894: Cities and the Geography of Financial Centres

Thomas Gehrig

1893: Measuring Risk Attitudes in a Natural Experiment: Data from the Television Game Show LINGO

Roel Beetsma and Peter C Schotman

1892: Does the Term Structure Predict Recessions? The International Evidence

Henri J Bernard and Stefan Gerlach

1891: Expropriation and Control Rights: A Dynamic Model of Foreign Direct Investment

Monika Schnitzer

1890: Spurious Correlation in Exchange Rate Target Zone Modelling: Testing the Drift Adjustment Method on the US Dollar, Random Walk and Chaos

Zsolt Darvas

1889: Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility

Philippe Bacchetta and Eric van Wincoop

1888: Project Evaluation and Organizational Form

Thomas Gehrig, Pierre Regibeau and Katharine Rockett

1887: Venture Capital: A Case for Investment Promotion

Christian Keuschnigg

1886: Public Disclosure and Bank Failures

Tito Cordella and Eduardo Levy Yeyati

1885: Performance Measures for Dynamic Portfolio Management

Lars Nielsen and Maria Vassalou

1884: Inspecting the Mechanism: The Determination of Asset Prices in the Real Business Cycle Model

Martin Lettau

1883: Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic

Simeon Djankov and Bernard Hoekman

1882: An Egypt-United States Free Trade Agreement: Economic Incentives and Effects

Bernard Hoekman, Denise Konan and Keith Maskus

1881: The Consequences of EU Enlargement for Central and Eastern European Labour Markets

Michael Burda

1880: Schumpeterian Entrepreneurs Meet Engel's Law: The Impact of Inequality on Innovation-Driven Growth

Josef Zweimüller

1879: Does Training Generally Work? The Returns to In-Company Training

Alan Barrett

1878: Can Bilateralism Ease the Pains of Multilateral Trade Liberalization?

Olivier Cadot, Jaime de Melo and Marcelo Olarreaga

1877: Determinants of Attitudes Towards Immigration: A Trade-Theoretic Approach

Jaime de Melo and Charles Ettinger

1876: Immigrant Labour and Workplace Safety

Thomas Bauer, Andreas Million, Ralph Rotte and Klaus Zimmermann

1875: Recurrent Hyperinflations and Learning

Albert Marcet and Juan Pablo Nicolini

1874: Economic Policy and Reforms in Contemporary Italy

Fiorella Kostoris Padoa Schioppa

1873: Headline Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence

Michel Antoine Habib and Alexander Ljungqvist

1872: Stability Without a Pact? Lessons from the European Gold Standard 1880-1914

Marc Flandreau, Jacques Le Cacheux and Frédéric Zumer

1871: European Integration and the Future of the Welfare State

Hans-Werner Sinn

1870: Local Unemployment and Specialization

Peer Ritter and Uwe Walz

1869: Wages and Worker Displacement in Germany

Michael Burda and Antje Mertens

1868: Block Premia in Transfers of Corporate Control

Mike Burkart, Denis Gromb and Fausto Panunzi

1867: Agglomeration Economies, Technology Spillovers and Company Productivity Growth

Paul Geroski and Hossein Samiei

1866: Asset Bubbles, Domino Effects and 'Lifeboats': Elements of the East Asian Crisis

Hali Edison, Pongsak Luangaram and Marcus Miller

1865: Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies

Patrick Honohan

1864: Interventions Versus Customer Transactions: An Alternative Test of the Signalling Hypothesis

Andreas Fischer and Mathias Zurlinden

1863: 'Globalization' and Relocation in a Vertically Differentiated Industry

Tito Cordella and Isabel Grilo

1862: An Applied Econometrician's View of Large Company Performance

Paul Geroski

1861: Youth Employment and Academic Performance in High School

Zvi Eckstein and Kenneth Wolpin

1860: Union Wage Bargaining and European Antidumping Policy in Imperfectly Competitive Markets

Jozef Konings, Hylke Vandenbussche and Reinhilde Veugelers

1859: Discrimination and Skill Differences in an Equilibrium Search Model

Audra Bowlus and Zvi Eckstein

1858: Ruling out Indeterminacy: the Role of Heterogeneity

Berthold Herrendorf, Akos Valentinyi and Robert Waldmann

1857: Economic Geography, Comparative Advantage and Trade Within Industries: Evidence from the OECD

Sir David Greenaway

1856: Learning for Employment, Innovating for Growth

Josef Falkinger and Josef Zweimüller

1855: Innovation and Growth with Rich and Poor Consumers

Johann Brunner and Josef Zweimüller

1854: Externalities in the Matching of Workers and Firms in Britain

Simon Burgess and Stefan Profit

1853: The Absorption of Highly-Skilled Immigrants: Israel, 1990-1995

Zvi Eckstein and Yoram Weiss

1852: Transparency and Credibility: Monetary Policy with Unobservable Goals

Jon Faust and Lars Svensson

1851: Multiproduct Multinationals and Reciprocal FDI Dumping

Richard Baldwin and Gianmarco Ottaviano

1850: Enforcement of Employment Security Regulations, On-The-Job Search and Unemployment Duration

Tito Boeri

1849: Sticky Prices and Volatile Output: Or When is a Phillips Curve not a Phillips Curve

Martin Ellison and Andrew Scott

1848: Endogenous Tariff Formation: The Case of Mercosur

Marcelo Olarreaga and Isidro Soloaga

1847: Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Evidence

Alex Cukierman and Francesco Lippi

1846: Bankers' Versus Workers' Europe (I): Adverse Selection in EMU

Laura Bottazzi and Paolo Manasse

1845: Agglomeration and Endogenous Capital

Richard Baldwin

1844: Privatization, Efficiency and Economic Growth

Thorvaldur Gylfason

1843: Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact

Andrew Hughes Hallett and Peter McAdam

1842: Independently Blue? Accountability and Independence in the New European Central Bank

Maria Demertzis and Andrew Hughes Hallett

1841: Public Policies, Regional Inequalities and Growth

Philippe Martin

1840: Unemployment Duration, Benefit Duration and the Business Cycle

Manuel Arellano, Samuel Bentolila and Olympia Bover

1839: How Efficient are Firms in Transition Countries? Firm-Level Evidence from Bulgaria and Romania

Jozef Konings and Alexander Repkin

1838: From Federalism, Chinese Style, to Privatization, Chinese Style

Cao Yuanzheng,, Yingyi Qian and Barry Weingast

1837: Channelling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Investment

Assaf Razin, Efraim Sadka and Chi-Wa Yuen

1836: Fiscal Solvency and Fiscal Forecasting in Europe

Michael Artis and Massimiliano Marcellino

1835: Enterprise Investment During the Transition: Evidence from Czech Panel Data

Lubomir Lizal and Jan Svejnar

1834: The Risk of Deflation in the Future EMU: Lessons of the 1990s

Paul De Grauwe

1833: The Structure of Wages and Investment in General Training

Daron Acemoglu and Jorn-Steffen Pischke

1832: A Quantative Analysis of Swedish Fertility Dynamics: 1751-1990

Zvi Eckstein, Pedro Solbes Mira and Kenneth Wolpin

1831: Notes on 'A Code for Fiscal Stability'

Willem Buiter

1830: An Economic Model of Household Income Dynamics, with an Application to Poverty Dynamics among American Women

Simon Burgess and Carol Propper

1829: Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estimates Based on Panel Data Econometrics

Jacques Melitz and Frédéric Zumer

1828: Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises

Barry Eichengreen and Andrew Rose

1827: IQ, Social Mobility and Growth

John Hassler and José Vicente Rodríguez Mora

1826: How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Marika Karanassou and Dennis Snower

1825: The Division of Labour Within Firms

Assar Lindbeck and Dennis Snower

1824: Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France

Pierre Sicsic

1823: Extracting Expectations about 1992 UK Monetary Policy from Option Prices

Paul Söderlind

1822: Economic Geography and the Fiscal Effects of Regional Integration

Rodney Ludema and Ian Wooton

1821: Monetary Policy and Inflation: From Theory to Practice

José Viñals

1820: Sovereign Liquidity Crises: the Strategic Case for a Payments Standstill

Marcus Miller and Lei Zhang

1819: Non-Falsified Expectations and General Equilibrium Asset Pricing: The Power of the Peso

Jean-Pierre Danthine and John B Donaldson

1818: Product Market Integration and Wages: Evidence from a Cross-Section of Manufacturing Establishments in the United Kingdom

Edward Driffill, Meloria Meschi and Alistair Mitchell Ulph

1817: Order Flow Composition and Trading Costs in Dynamic Limit Order Markets

Thierry Foucault

1816: The Importance of Networks in the Market for University Graduates in Japan: A Longitudinal Analysis of Hiring Patterns

Marcus Rebick

1815: The King Never Emigrates: Political Culture and the Reluctant International Movement of People

Gil Epstein, Arye Hillman and Heinrich Ursprung

1814: Competition in Electricity Supply: Will '1998' be Worth it?

Richard Green and Tanga McDaniel

1813: A geometry of Specialization

Joseph Francois and Douglas Nelson