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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1612: Debt and Deficit Ceilings, and Sustainability of Fiscal Policies: An Intertemporal Analysis

Merih Uctum and Michael Wickens

1611: Preferential Trade Liberalization in the North Atlantic

Richard Baldwin and Joseph Francois

1610: Monetary Policy and the Fisher Effect

Paul Söderlind

1609: Employment Turnover and Unemployment Insurance

John Hassler and José Vicente Rodríguez Mora

1608: Debt vs. Foreign Direct Investment: The Impact of Sovereign Risk on the Structure of International Capital Flows

Monika Schnitzer

1607: Agglomeration in a Core-Periphery Model with Vertically and Horizontally Integrated Firms

Karolina Ekholm and Rikard Forslid

1606: International Leapfrogging and Subsidies

Stefan Lutz

1605: Economic Growth and Policy Reform in the APEC Region: Trade and Welfare Implications by 2005

Kym Anderson, Betina Dimaranan, Thomas Hertel and Will Martin

1604: Endogenous Cycles in a Stiglitz-Weiss Economy

Javier Suarez and Oren Sussman

1603: Long Term Debt and the Political Support of a Monetary Union

Harald Uhlig

1602: Equilibrium Unemployment

João Gomes, Jeremy Greenwood and Sergio Rebelo

1601: Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance

Willem Buiter, Ricardo Lago and Helene Rey

1600: The Development of the Division of Power among the European Commission, the Council and the European Parliament

Annick Laruelle and Mika Widgrén

1599: The Causes of Regionalism

Richard Baldwin

1598: Common Ground Between Free-traders and Environmentalists

Larry Karp and Sandeep Sacheti

1597: Economic Integration, Factor Mobility, and Wage Convergence

Gilles Saint-Paul

1596: Shifts in US Relative Wages: The Role of Trade, Technology and Factor Endowments

Robert Baldwin and Glen Cain

1595: Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J Lau, Yingyi Qian and Gérard Roland

1594: Volatility Clustering and Volatility Transmission: A Non-Parametric View of ERM Exchange Rates

Michael Artis and Wenda Zhang

1593: Performance-Related Pay

Alison Booth and Jeff Frank

1592: Can Relationship Banking Survive Competition?

Arnoud Boot and Anjan Thakor

1591: Family Matters

John Ermisch and Marco Francesconi

1590: On the Effects of Anti-dumping Legislation

Pedro Barros and Xavier Martinez-Giralt

1589: Sequencing and the Size of the Budget: A Reconsideration

Mark Hallerberg and Juergen von Hagen

1588: Good Jobs versus Bad Jobs: Theory and Some Evidence

Daron Acemoglu

1587: TFPG Controversies, Institutions, and Economic Performance in East Asia

Dani Rodrik

1586: Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs

Danny Quah

1585: Policy Complementarities: The Case for Fundamental Labour Market Reform

David Coe and Dennis Snower

1584: Product Standards Coalitions in a Market without Borders

Alessandra Casella

1583: Tax Competition for Foreign Direct Investment

Andreas Haufler and Ian Wooton

1582: Modelling Work-Related Training and Training Effects Using Count Data Techniques

Wiji Arulampalam, Alison Booth and Peter Elias

1581: The Total Cost of Trading Belgian Shares: Brussels versus London

Hans Degryse

1580: The New Geography of Eastern European Trade

Guillaume Cheikbossian and Mathilde Maurel

1579: From Learning to Partnership. Multinational R&D Cooperation in Developing Countries

Giorgio Barba Navaretti and Carlo Carraro

1578: South-North Refugee Migration: Lessons for Development Cooperation

Ralph Rotte, Michael Vogler and Klaus Zimmermann

1577: Capital Mobility and the Output-Inflation Tradeoff

Prakash Loungani, Assaf Razin and Chi-Wa Yuen

1576: Domino Effects in Western European Trade, 1960-92

Andre Sapir

1575: The Rise and Fall of Regional Inequalities

Diego Puga

1574: Lobbying and the Structure of Protection

Olivier Cadot, Jaime de Melo and Marcelo Olarreaga

1573: Training and Unions

Alison Booth and Monojit Chatterji

1572: Efficient Wage Dispersion

Daron Acemoglu and Robert Shimer

1571: The Rise and Persistence of Rigidities

Gilles Saint-Paul

1570: The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96

David M Newbery and Tamas Revesz

1569: Trade in Nominal Assets and Net International Capital Flows

Philippe Bacchetta and Eric van Wincoop

1568: Structural Change and International Trade

Dan Ben-David and David Papell

1567: Industrial Structure, Menu Costs and the Non-Neutrality of Money

Huw Dixon and Claus Thustrup Hansen

1566: Dual Labour Markets, Urban Unemployment and Multicentric Cities

Tony E Smith and Yves Zenou

1565: Strategic Behaviour under European Antidumping Rules

Wilfried Pauwels, Hylke Vandenbussche and Marcel Weverbergh

1564: The Generalized War of Attrition

Jeremy I. Bulow and Paul Klemperer

1563: Centralized Bargaining, Multi-Tasking, and Work Incentives

Assar Lindbeck and Dennis Snower

1562: Inflation Targets and Contracts with Uncertain Central Banker Preferences

Roel Beetsma and Henrik Jensen

1561: Monetary Integration and Economic Convergence

Anne Sibert

1560: Population Growth, Trade Policy, and Migration Incentives

Joseph Francois and Douglas Nelson

1559: Applications to the US Disability Program: A Semiparametric Approach

Brent Kreider and Regina Riphahn

1558: EMU: Countries or Regions? Lessons from the EMS Experience

Antonio Fatas

1557: Income Persistence and Macro-Policy Feedbacks in the United States

John Muellbauer

1556: New Techniques to Extract Market Expectations from Financial Instruments

Paul Söderlind and Lars Svensson

1555: Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union

Mark Hallerberg and Juergen von Hagen

1554: Country Size and Comparative Advantage: An Empirical Study

Johan Torstensson

1553: Has Work Sharing Worked in Germany?

Jennifer Hunt

1552: Will Gradualism Work When Shock Therapy Doesn't?

Vivek Dehejia

1551: Human Capital and Macroeconomic Growth: Austria and Germany 1960-1992

Reinhard Koman and Dalia Marin

1550: On the Strategic Community Development

J. Vernon Henderson and Jacques Thisse

1549: Strategic Trade Policy When Firms Have Different Efficiency Levels

Dermot Leahy and Catia Montagna

1548: A Portfolio Approach to a Cross-sectoral and Cross-National Investment Strategy in Transition Economies

Willem Buiter, Ricardo Lago and Helene Rey

1547: Out in the Sunshine? Outsiders, Insiders, and the United States in 1998

Fabio Ghironi and Francesco Giavazzi

1546: Competing for Endorsements

Gene Grossman and Elhanan Helpman

1545: Inventory Behaviour: A Comparative Study of UK and Japanese Firms

Jenny Corbett, Donald Hay and Helen Louri

1544: Endogenous Mergers in Concentrated Markets

Henrik Horn and Lars Persson

1543: On the Sources of Convergence: A Close Look at the Spanish Regions

Angel de La Fuente

1542: The Political Economy of Mass Privatization and the Risk of Expropriation

Klaus Schmidt

1541: Methods of Privatization: Auctions, Bargaining and Give-Aways

Klaus Schmidt and Monika Schnitzer

1540: Where do Migrants Go? Risk-Aversion, Mobility Costs and the Locational Choice of Migrants

Francesco Daveri and Riccardo Faini

1539: Competition between Intermediated and Direct Trade and the Timing of Disintermediation

John Fingleton

1538: Competition among Middlemen When Buyers and Sellers can Trade Directly

John Fingleton

1537: Manipulation of Metals Futures: Lessons from Sumitomo

Christopher L Gilbert

1536: Parental Support for Human Capital Investment by Young Adults

John Ermisch

1535: Aspects of Fiscal Performance in some Transition Economies under Fund-supported Programs

Willem Buiter

1534: Potential Unemployment Benefit Duration and Spell Length: Lessons from a Quasi-experiment in Austria

Rudolf Winter-Ebmer

1533: The Multilateral Trade Agenda: Uruguay Round Implementation and Beyond

Joseph Francois and Brad McDonald

1532: Designing a Cheaper and More Effective Unemployment Benefit System

Melvyn Coles

1531: Job Tenure: Does History Matter?

Alison Booth, Marco Francesconi and Carlos García-Serrano

1530: How to Fix Conversion Rates at the Start of EMU

Paul De Grauwe

1529: Growth and Agglomeration

Philippe Martin and Gianmarco Ottaviano

1528: Front-running by Mutual Fund Managers: It ain't that Bad

Jean-Pierre Danthine and Serge X Moresi

1527: To be (Unionized) or Not to be? A Case for Cost-raising Strategies

Jacques Bughin and Stefano Vannini

1526: The Response of Wages and Actual Hours Worked to the Reduction of Standard Hours in Germany

Jennifer Hunt

1525: Regionalism versus Multilateralism

L. Winters

1524: Minimum Wage Legislation, Work Conditions and Employment

Gianni De Fraja

1523: Growing Locations: Industry Location in a Model of Endogenous Growth

Philippe Martin and Gianmarco Ottaviano

1522: Minimum Quality Standards as Facilitating Devices: An Example with Leapfrogging and Exit

Stefan Lutz

1521: Benefit Duration and Unemployment Entry: Quasi-experimental Evidence for Austria

Rudolf Winter-Ebmer

1520: Hedging and Gambling: Corporate Risk Choice when Informing the Market

Francois Degeorge, Boaz Moselle and Richard Zeckhauser

1519: Institutions and Labour Reallocation

Giuseppe Bertola and Richard Rogerson

1518: A Stochastic Dynamic General Equilibrium Model for Greece

Tryphon Kollintzas and Vanghelis Vassilatos

1517: Mergers for Market Power in a Cournot Setting and Merger Guidelines

Ramon Faulí-Oller

1516: Economic Incentives and Hospitalization in Germany

Andreas Million, Ralph Rotte and Klaus Zimmermann

1515: Business Formation and Aggregate Investment

Christian Keuschnigg

1514: On the Foundations of Wage Bargaining

Paola Manzini and Dennis Snower

1513: Hyperinflation and Stabilization: Cagan Revisited

Marcus Miller and Lei Zhang