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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1108: The Welfare Effects of Liquidity Constraints

Tullio Jappelli and Marco Pagano

1107: Performance Comparisons and Dynamic Incentives

Margaret Meyer and John Vickers

1106: On the Persistence of Leadership or Leapfrogging in International Trade

Antonio Cabrales, Massimo Motta and Jacques Thisse

1105: The Coherence of EC Policies on Trade, Competition and Industry

Jordi Gual

1104: Growth and Macroeconomic Performance in Spain, 1939-93

Leandro Prados de la Escosura

1103: The Swedish Experience of an Inflation Target

Lars Svensson

1102: The Impact of Active Labour Market Policies: A Closer Look at the Czech and Slovak Republics

Michael Burda and Martina Lubyová

1101: Quitting Externalities, Employment Cyclicality and Firing Costs

Alison Booth and Gylfi Zoega

1100: Monetary Integration in Europe: Implications for Real Interest Rates, National Stock Markets and the Volatility of Prices and Exchange Rates

Matthew Canzoneri and Harris Dellas

1099: Real Interest Rates and Central Bank Operating Procedures

Matthew Canzoneri and Harris Dellas

1098: Lifetime Jobs and Transient Jobs: Job Tenure in Britain 1975-91

Simon Burgess and Hedley Rees

1097: Coverage by Incremental Scales

Alison Booth and Jeff Frank

1096: The Unemployment Implications of Mandatory Firing Costs

Alison Booth

1095: Post-war Growth: An Overview

Nicholas Crafts and Gianni Toniolo

1094: Labour Adjustment and Gradual Reform: Is Commitment Important?

Larry Karp and Thierry Paul

1093: Unemployment: Where does it Hurt?

Liliana Winkelmann and Rainer Winkelmann

1092: British Economic Growth Since 1945: Relative Economic Decline.... and Renaissance?

Charles Bean and Nicholas Crafts

1091: Resisting Migration: Wage Rigidity and Income Distribution

Assaf Razin and Efraim Sadka

1090: Fixes: Of the Forward Discount Puzzle

Robert Flood and Andrew Rose

1089: The Political Economy of Coal Subsidies in Europe

Kym Anderson

1088: Do Credit Markets Discipline Sovereign Borrowers? Evidence from US States

Tamim Bayoumi, Morris Goldstein and Geoffrey Woglom

1087: Europe's Golden Age: An Econometric Investigation of Changing Trend Rates of Growth

Nicholas Crafts and Terence C Mills

1086: The Simple Economics of Benefit Transfers

Dennis Snower

1085: Regional Labour Market Dynamics in Europe

Jörg Decressin and Antonio Fatas

1084: Developing Countries After the Uruguay Round

Dani Rodrik

1083: Short- and Long-term Hedging for the Corporation

Bernard Dumas

1082: Unemployment Persistence: Does the Size of the Shock Matter?

Gylfi Zoega

1081: Evaluating Unemployment Policies: What do the Underlying Theories Tell Us?

Dennis Snower

1080: A Time to Sow and a Time to Reap: Growth Based on General Purpose Technologies

Elhanan Helpman and Manuel Trajtenberg

1079: Competition, Regulation and Managerial Incentives

Gianni De Fraja and Elisabetta Iossa

1078: Entry, Pricing and Incentives: The Role of Regulatory Commitment

Gianni De Fraja

1077: Auctions of Shares with a Secondary Market and Tender Offers

Antonio S Mello and John E Parsons

1076: Quality Improvements in Models of Growth

Robert Barro and Xavier Sala-i-Martin

1075: Regional Cohesion: Evidence and Theories of Regional Growth and Convergence

Xavier Sala-i-Martin

1074: International Consumption Risk Sharing

Fabio Canova and Morten Ravn

1073: Exchange Rates in Search of Fundamental Variables

Paul De Grauwe

1072: Does Firm Size Matter? Evidence on the Impacts of Liquidity Constraints on Firm Investment Behaviour in Germany

David Audretsch and Julie Elston

1071: The Creation and Capture of Rents: Wages and Innovation in a Panel of UK Companies

John van Reenen

1070: A Sequential Approach to Regional Integration: The European Union and Central and Eastern Europe

Philippe Martin

1069: Labour Force Growth, Trade, and Employment

Joseph Francois

1068: Inflation, Nominal Interest Rates and the Variability of Output

Bankim Chadha and Daniel Tsiddon

1067: The Uruguay Round: A Global General Equilibrium Assessment

Joseph Francois, Brad McDonald and Håkan Nordström

1066: Should a Carbon Tax be Differentiated Across Sectors?

Michael Hoel

1065: Strategic Environmental Policy and International Trade - The Role of Market Conduct

Alistair Mitchell Ulph

1064: Can a Small Nation Gain from Introducing a Carbon Tax Early?

Diderik Lund

1063: Trade, Strategic Innovation and Strategic Environmental Policy - a General Analysis

Alistair Mitchell Ulph and David Ulph

1062: Financial Systems in Transition: Is there a Case for a Bank Based System?

Irena Grosfeld

1061: Is There a Safe Passage to EMU? Evidence on Capital Controls and a Proposal

Barry Eichengreen, Andrew Rose and Charles Wyplosz

1060: Speculative Attacks on Pegged Exchange Rates: An Empirical Exploration with Special Reference to the European Monetary System

Barry Eichengreen, Andrew Rose and Charles Wyplosz

1059: Explaining Forward Exchange Bias.... Intra-day

Richard Lyons and Andrew Rose

1058: The Economics of Enterprise Restructuring in Central and Eastern Europe

Philippe Aghion, Olivier Blanchard and Wendy Carlin

1057: Fiscal Flows in the United States and Canada: Lessons for Monetary Union in Europe

Tamim Bayoumi and Paul Masson

1056: Redistributive Politics and Economic Efficiency

Avinash Dixit and John Londregan

1055: Contagious Speculative Attacks

Stefan Gerlach and Frank Smets

1054: The Determinants of Success of Special Interests in Redistributive Politics

Avinash Dixit and John Londregan

1053: Excesses and Limits of the Public Sector in the Italian Economy. The Ongoing Reform

Fiorella Kostoris Padoa Schioppa

1052: Endogenous Growth and Poverty Traps in a Cournotian Model

Jordi Galí and Fabrizio Zilibotti

1051: Estimating and Interpreting Forward Interest Rates: Sweden 1992-4

Lars Svensson

1050: The Geography of the Gold Standard

Barry Eichengreen and Marc Flandreau

1049: France and the CEECs: Adjusting to Another Enlargement

Olivier Cadot and Jaime de Melo

1048: Marketplaces and Matching

Melvyn Coles and Eric Smith

1047: Monetary Policies in the EMS: Lessons from the Great Recession of 1991-3

Paul De Grauwe

1046: Industrial and Trade Policies for the Emerging Market Economies

David Audretsch

1045: Trade Law and Environmental Issues in Central and East European Countries

Michael Rauscher

1044: Central European Countries' Trade Laws in the Light of International Experience

Patrick Messerlin

1043: Who Should Run Trade Policy in Eastern Europe and How?

L. Winters

1042: Testing Long-run Neutrality: Empirical Evidence for G7 Countries with Special Emphasis on Germany

Axel A Weber

1041: The Impact of Exchange Rate Fluctuations on European Union Trade

Andre Sapir, Khalid Sekkat and Axel A Weber

1040: Currency Board or Central Bank? Lessons from the Irish Pound's Link with Sterling, 1928-79

Patrick Honohan

1039: What does the Political Economy Literature on Trade Policy (Not) Tell Us That We Ought to Know?

Dani Rodrik

1038: Foreign Exchange Intervention and International Policy Coordination: Comparing the G-3 and EMS Experience

Axel A Weber

1037: Commercial Policy and Dynamic Adjustment Under Monopolistic Competition

Christian Keuschnigg and Wilhelm K. Kohler

1036: Human Capital and Productivity in Manufacturing during the Twentieth Century: Britain, Germany and the United States

Stephen Broadberry and Karin Wagner

1035: The Role of Government Aid to Firms during the Transition to a Market Economy: Russia 1992-94

Jacques Melitz and Claire Waysand

1034: Apprenticeship and After: Does it Really Matter?

Rainer Winkelmann

1033: The Relation Between Voting Power and Policy Impact in the European Union

Mika Widgrén

1032: Environmental Regulation and the Location of Polluting Industries

Michael Rauscher

1031: Optimal Target Zones: How an Exchange Rate Mechanism Can Improve Upon Discretion

Marcus Miller and Lei Zhang

1030: On the Optimality of Consumption Across Canadian Provinces

Tamim Bayoumi

1029: Restraining Yourself: Fiscal Rules and Stabilization

Tamim Bayoumi and Barry Eichengreen

1028: Consumption, Income, and International Capital Market Integration

Tamim Bayoumi

1027: A Dynamic Model of Collusion

Daron Acemoglu

1026: Search in the Labour Market, Incomplete Contracts and Growth

Daron Acemoglu

1025: A Positive Theory of Social Security

Xavier Sala-i-Martin

1024: The Europe Agreements: Implications for Trade Laws and Institutions. Lessons from Hungary

Andre Sapir

1023: French Post-war Growth: From (Indicative) Planning to (Administered) Market

Pierre Sicsic and Charles Wyplosz

1022: Social Security and Migration in an Ageing Europe

Juergen von Hagen and Uwe Walz

1021: The Origins and Early Impact of the Minimum Wage in Agriculture

Robin Gowers and Timothy Hatton

1020: Locational Competition versus Cooperation in Labour Markets: An Implicit Contract Reinterpretation

Michael Burda and Antje Mertens

1019: Capital Mobility in Neoclassical Models of Growth

Robert Barro, N. Gregory Mankiw and Xavier Sala-i-Martin

1018: What is the Domain of the Welfare State?

Dennis Snower

1017: The Political Economy of Trade Regimes in Central Europe

László Csaba

1016: Efficiency and Expectations Revisited: A Foreign Exchange Market with Bayesian Players

Nicos Christodoulakis, Sarantis Kalyvitis and Nick Karamouzis

1015: Globalization and the Inequality of Nations

Paul Krugman and Anthony Venables

1014: Educational Choice, Lifetime Earnings Inequality, and Conflicts of Public Policy

Robert K von Weizsäcker

1013: Regional Decentralization and the Soft Budget Constraint: The Case of China

Yingyi Qian and Gérard Roland

1012: Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa

Paul Collier and John Toye

1011: Firm Location and Job Creation in Cities

Masahisa Fujita, Jacques Thisse and Yves Zenou

1010: Antitrust-based Remedies and Dumping in International Trade

Bernard Hoekman and Petros C Mavroidis

1009: Linking Competition and Trade Policies in Central and East European Countries

Bernard Hoekman and Petros C Mavroidis