CEPR Discussion Papers

From C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
Bibliographic data for series maintained by ().

Access Statistics for this working paper series.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

1712: Job Tenure and Labour Market Regulation: A Comparison of Britain and Italy using Micro Data

Simon Burgess, Lia Pacelli and Hedley Rees

1711: A Disaggregate Analysis of the Evolution of Job Tenure in Britain, 1975-93

Simon Burgess and Hedley Rees

1710: Sources of Growth: the Entrepreneurial versus the Managed Economy

David Audretsch and Roy Thurik

1709: Culture, Discrimination and Individual Productivity: Regional Evidence from Personnel Data in a Large Italian Firm

Andrea Ichino and Pietro Ichino

1708: The Labour Market and Corporate Structure

Daron Acemoglu and Andrew Newman

1707: Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality

Daron Acemoglu

1706: Wages and the Bargaining Regime in a Corporatist Setting: The Netherlands

Joop Hartog, Edwin Leuven and C. N. Teulings

1705: Protection and Trade in Services: A Survey

Bernard Hoekman and Carlos Primo Braga

1704: Miniblocs and Fringe Currencies of the EMU

Patrick Honohan

1703: Determinants of Korean Trade Flows and their Geographical Destination

Lorenzo Giorgianni and Gian Maria Milesi-Ferretti

1702: Business Cycles and Compositional Variation in US Unemployment

Jaap Abbring, Gerard van den Berg and Jan van Ours

1701: Debt Relief

Aydin Hayri

1700: Tariffs and Growth in the Late Nineteenth Century

Kevin O'Rourke

1699: Agglomeration in the Global Economy: A Survey of the 'New Economic Geography'

Gianmarco Ottaviano and Diego Puga

1698: Reducing Coal Subsidies and Trade Barriers: Their Contribution to Greenhouse Gas Abatement

Kym Anderson and Warwick McKibbin

1697: Inventories, Production Smoothing and the Shape of the Cost Function

Marzio Galeotti, Luigi Guiso, Brian Sack and Fabio Schiantarelli

1696: High-Tech Firms and Credit Rationing

Luigi Guiso

1695: Hostile Stakes and the Role of Banks in German Corporate Governance

Tim Jenkinson and Alexander Ljungqvist

1694: Thinking Creatively About Markets

Paul Geroski

1693: Beyond Balanced Growth

Piyabha Kongsamut, Sergio Rebelo and Danyang Xie

1692: What Happens When Countries Peg Their Exchange Rates? (The Real Side of Monetary Reforms)

Sergio Rebelo

1691: Are Differences in Firm Size Transitory or Permanent?

Paul Geroski, Hossein Samiei and Giovanni Urga

1690: Regional Integration as Diplomacy

Maurice Schiff and L. Winters

1689: On Identifying the Core of EMU: An Exploration of Some Empirical Criteria

Michael Artis and Wenda Zhang

1688: The Stability Pact: Safeguarding the Credibility of the European Central Bank

Michael Artis and Bernhard Winkler

1687: Unique Equilibrium in a Model of Self-fulfilling Currency Attacks

Stephen Morris and Hyun Song Shin

1686: Poverty and the Welfare State in Inter-war London

Roy Bailey and Timothy Hatton

1685: EMU: Why and How It Might Happen

Charles Wyplosz

1684: Trade and Migration: A Production-Theory Approach

Ulrich Kohli

1683: Heterogeneous Traders and the Unbiasedness Hypothesis: Explaining the Mark/Dollar Bias

Nicos Christodoulakis and Sarantis Kalyvitis

1682: Almost Common Value Auctions: The 'Wallet Game' and its Applications to Takeover Battles and Airwaves Auctions

Paul Klemperer

1681: Unemployment, Growth and Taxation in Industrial Countries

Francesco Daveri and Guido Tabellini

1680: Implications of the Great Depression for the Development of the International Monetary System

Michael Bordo and Barry Eichengreen

1679: The Earnings Distribution and Returns to Education in Ireland, 1987-94

Alan Barrett, Tim Callan and Brian Nolan

1678: Preferences, Consumption Smoothing, and Risk Premia

Martin Lettau and Harald Uhlig

1677: The Indeterminacy of the Euro Conversion Rates. Why it Matters and How it can be Solved

Paul De Grauwe

1676: Extracting Information from Asset Prices: The Methodology of EMU Calculators

Carlo Favero, Francesco Giavazzi, Fabrizio Iacone and Guido Tabellini

1675: Youth Unemployment and Government Policy

Mike Orszag and Dennis Snower

1674: Expanding the Welfare System: A Proposal for Reform

Mike Orszag and Dennis Snower

1673: How Will the Euro behave?

Daniel Cohen

1672: Nonlinear Aspects of Goods-Market Arbitrage and Adjustment: Heckscher's Commodity Points Revisited

Maurice Obstfeld and Alan Taylor

1671: R&D Spillovers and the Case for Industrial Policy in an Open Economy

Dermot Leahy and J. Peter Neary

1670: Income and Consumption Smoothing Among US States: Regions or Clubs?

Bent Sorensen and Oved Yosha

1669: An Analysis of the 'Stability Pact'

Roel Beetsma and Harald Uhlig

1668: A Mixed Blessing: Natural Resources and Economic Growth

Thorvaldur Gylfason, Tryggvi Herbertsson and Gylfi Zoega

1667: The Comparative Analysis of Settlement Systems

Shuji Kobayakawa

1666: Nominal Contracts as Behaviour Towards Risk

A. Patrick Minford and Eric Nowell

1665: Bank Solvency, Market Structure, and Monitoring Incentives

Ramon Caminal and Carmen Matutes

1664: Fiscal Rules and the Budget Process

Gian Maria Milesi-Ferretti

1663: Evaluating Portfolio Performance with Stochastic Discount Factors

Magnus Dahlquist and Paul Söderlind

1662: Government Distributional Concerns and Economic Policy During the Transition from Socialism

Roger Gordon and David Daokui Li

1661: Were Trade and Factor Mobility Substitutes in History?

William Collins, Kevin O'Rourke and Jeffrey Williamson

1660: Globalisation and Migratory Pressures from Developing Countries: A Simulation Analysis

Jaime de Melo, Charles Ettinger and Riccardo Faini

1659: Regional Integration and Foreign Direct Investment

Magnus Blomström and Ari Kokko

1658: The Economic Institution of International Barter

Dalia Marin and Monika Schnitzer

1657: Taxes and Government Incentives: Eastern Europe vs. China

Roger Gordon and David Daokui Li

1656: Regional Integration, Trade, and Migration: Are Demand Linkages Relevant in Europe?

Rodney Ludema and Ian Wooton

1655: Debt Concentration and Bargaining Power: Large Banks, Small Banks, and Secondary Prices

Raquel Fernandez and Sule Ozler

1654: Why Firms Form Research Joint Ventures: Theory and Evidence

Lars-Hendrik Röller, Ralph Siebert and Mihkel Tombak

1653: Some Cross-Country Evidence about Debt, Deficits and the Behaviour of Monetary and Fiscal Authorities

Jacques Melitz

1652: Portfolio Selection and Asset Pricing with Dynamically Incomplete Markets and Time-varying First and Second Moments

Lars Nielsen and Maria Vassalou

1651: Monotone Risk Aversion

Lars Nielsen

1650: Parametric Characterizations of Risk Aversion and Prudence

Fatma Lajeri and Lars Nielsen

1649: Multiple Versus Single Banking Relationships

Enrica Detragiache, Paolo Garella and Luigi Guiso

1648: Bid-Ask Spreads with Indirect Competition among Specialists

Thomas Gehrig and Matthew Jackson

1647: Real Interest Rates, Nominal Shocks, and Real Shocks

Edward Driffill

1646: The Exchange Rate Policy of the Euro: A Matter of Size?

Philippe Martin

1645: Sequential Investments and Options to Own

Georg Nöldeke and Klaus Schmidt

1644: Imperfect Tests and Natural Insurance Monopolies

Winand Emons

1643: How Will Transatlantic Policy Interactions Change with the Advent of EMU?

Barry Eichengreen and Fabio Ghironi

1642: Business Cycles and Long-run Growth

Gilles Saint-Paul

1641: Setting Standards: Information Accumulation in Development

Daron Acemoglu and Fabrizio Zilibotti

1640: Exchange Rate Arrangements between the Ins and the Outs

Paul De Grauwe

1639: On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials

Ronald MacDonald

1638: Setting Conversion Rates for the Third Stage of EMU

Paul De Grauwe and Luigi Spaventa

1637: The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs

Carmela Martín and Francisco J. Velazquez

1636: Transition and the Output Fall

Gérard Roland and Thierry Verdier

1635: Attribute Dependence and the Provision of Quality

Hans Degryse and Andreas Irmen

1634: Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs

Raquel Fernandez

1633: The Great Depression as a Watershed: International Capital Mobility over the Long Run

Maurice Obstfeld and Alan Taylor

1632: National Policies and Local Economies: Europe and the United States

Mario Forni and Lucrezia Reichlin

1631: Adverse Selection of Investment Projects and the Business Cycle

Pietro Reichlin and Paolo Siconolfi

1630: Money in a Real Business Cycle Model

Roger Farmer

1629: Putting Things in Order: Patterns of Trade Dynamics and Macroeconomics

Robert Feenstra and Andrew Rose

1628: Quantifying a Dangerous Obsession? Competitiveness and export performance in an OECD Panel of Industries

Wendy Carlin, Andrew Glyn and John van Reenen

1627: To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints

Raquel Fernandez and Jordi Galí

1626: Multiple Job Holding as a 'Hedge' Against Unemployment

David Bell, Robert Hart and Robert Wright

1625: Excess Capacity as an Incentive Device

Rudolf Kerschbamer and Yanni Tournas

1624: Interjurisdictional Competition and the Efficiency of the Public Sector: The Triumph of the Market over the State?

Michael Rauscher

1623: Optimal Determination of Bookmakers' Betting Odds: Theory and Tests

John Fingleton and Patrick Waldron

1622: Fast Track: Is it in the Genes? The Promotion Policy of a Large Japanese Firm

Kenn Ariga, Giorgio Brunello and Yasushi Ohkusa

1621: Intra-firm Wage Dispersion and Firm Performance

Rudolf Winter-Ebmer and Josef Zweimüller

1620: Economic Developments in the Balkan Countries and the Role of Greece: From Bilateral Relations to the Challenge of Integration

Nicos Christodoulakis and George Petrakos

1619: Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach

Vivek Dehejia

1618: Performance Measurement using Multiple Asset Class Portfolio Data

David Blake, Bruce N Lehmann and Allan Timmermann

1617: Using Subjective Income Expectations to Test for Excess Sensitivity of Consumption to Predicted Income Growth

Tullio Jappelli and Luigi Pistaferri

1616: Convergence in Output in Transition Economies: Central and Eastern Europe, 1970-1995

Saul Estrin and Giovanni Urga

1615: Booms and Busts in the UK Housing Market

John Muellbauer and Anthony Murphy

1614: Stock Returns, Term Structure, Inflation and Real Activity: An International Perspective

Fabio Canova and Gianni de Nicolò

1613: Advertising Bans

Massimo Motta