CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().

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.

3256: Transparency, Prices and Welfare with Imperfect Substitutes

Jan Boone and Jan Potters

3255: Merger Activity and Executive Pay

Peter Wright, Steve Thompson and Sourafel Girma

3254: Why was Stock Market Volatility so High During the Great Depression? Evidence from 10 Countries During the Interwar Period

Hans-Joachim Voth

3253: Is the International Convergence of Capital Adequacy Regulation Desirable?

Viral Acharya

3252: The Effects of Focus and Diversification on Bank Risk and Return: Evidence from Individual Bank Loan Portfolios

Anthony Saunders, Viral Acharya and Iftekhar Hasan

3251: Suspense

Pascal Courty, Hao Li and William Chan

3250: Economic Growth in an Interdependent World Economy

Roger Farmer and Amartya Lahiri

3249: Non-Linear Equilibrium Corection in US Real Money Balances, 1869-1997

Mark Taylor, David Peel and Lucio Sarno

3248: Innovating Firms and Aggregate Innovation

Tor Klette and Samuel Kortum

3247: Evaluating Tax Policy for Location Decisions

Michael Devereux and Rachel Griffith

3246: Growth in Transition: What We Know, What We Don't and What We Should

Nauro Campos and Fabrizio Coricelli

3245: A Two-Country Model of Endogenous Growth

Roger Farmer and Amartya Lahiri

3244: Deposit Insurance and International Bank Deposits

Harry Huizinga and Nicodème, Gaëtan

3243: Characteristics, Contracts and Actions: Evidence from Venture Capitalist Analyses

Steven Kaplan and Strömberg, Per

3242: The Evolution of the Early Career Gender Wage Gap

Astrid Kunze

3241: A Test Between Unemployment Theories Using Matching Data

Melvyn Coles and Barbara Petrongolo

3240: Overbidding versus Fire-Sales in Bankruptcy Auctions

Bjorn Eckbo and Karin Thorburn

3239: On the Consequences of the US Withdrawal from the Kyoto/Bonn Protocol

Carlo Carraro, Barbara Buchner and Igor Cersosimo

3238: Fiscal Policy: Institutions versus Rules

Charles Wyplosz

3237: Market Entry and Roll-out With Product Differentiation

Paul Levine, Neil Rickman and Dionisia Tzavara

3236: Using Stationarity Tests in Antitrust Market Definition

Mario Forni

3235: Culture, Politics and Innovation: Evidence from the Creameries

Kevin O'Rourke

3234: Family Firms

Andrei Shleifer, Fausto Panunzi and Mike Burkart

3233: Coordination Failures and the Lender of Last Resort: Was Bagehot Right After All?

Xavier Vives and Jean Rochet

3232: Fiscal Stabilization Policy in a Monetary Union with Inflation Targeting

Torben M Andersen

3231: The Political Economy of Finance

Marco Pagano and Paolo Volpin

3230: Endogenous Growth Fluctuations in Unionised Economy with Productive Externalities

Leonor Modesto, Teresa Lloyd-Braga and Rui Coimbra

3229: Governance with Poor Investor Protection: Evidence from Top Executive Turnover in Italy

Paolo Volpin

3228: Traders, Courts and the Home Bias Puzzle

Tanguy van Ypersele and Alessandro Turrini

3227: Explaining Leakage of Public Funds

Jakob Svensson and Ritva Reinikka

3226: Implementing Monetary Cooperation Through Inflation Targeting

Pierpaolo Benigno and Gianluca Benigno

3225: The Dynamic Relationship Between the Federal Funds rate and the Treasury Bill Rate: An Empirical Investigation

Lucio Sarno and Daniel Thornton

3224: Does Market Liberalization Jeopardize Export Quality? Cameroonian Cocoa, 1995-2000

Christopher L. Gilbert and Eric Tollens

3223: The Cost of Heterogeneity in a Monetary Union

Andrew Hughes Hallett and Diana Weymark

3222: The Perception of Foreigners and Jews in Germany - A Structural Analysis of a Large Opinion Survey

Christoph Schmidt and Michael Fertig

3221: The Use of Flow Analysis in Foreign Exchange: Explanatory Analysis

Thomas Gehrig and Lukas Menkhoff

3220: Self-Validating Optimum Currency Areas

Paolo Pesenti and Giancarlo Corsetti

3219: An African Success Story: Botswana

Daron Acemoglu, Simon Johnson and James Robinson

3218: What Drives the Speed of Job Reallocation During Episodes of Massive Adjustment?

Stepan Jurajda and Katherine Terrell

3217: Perceived Income, Promotion and Incentives Effects

Gil Epstein and Melanie Ward-Warmedinger

3216: Information and the Optimal Ownership Structure of Firms

Niko Matouschek

3215: How (Not) to Run Auctions: The European 3G Telecom Auctions

Paul Klemperer

3214: The Biggest Auction Ever: The Sale of the British 3G Telecom Licences

Paul Klemperer and Kenneth Binmore

3213: Technology and Economic Performance in the American Economy

Robert Gordon

3212: Markups, Gaps and the Welfare Costs of Business Fluctuations

Mark Gertler, Galí, Jordi and López-Salido, J David

3211: Technology Shocks and Monetary Policy: Assessing the Fed's Performance

Galí, Jordi, Vallés Liberal, Javier and López-Salido, J David

3210: New Perspectives on Monetary Policy, Inflation and the Business Cycle

Galí, Jordi

3209: How do Firms Redline Workers?

Yves Zenou

3208: Spatial Agglomeration Dynamics

Danny Quah

3207: Technology Dissemination and Economic Growth: Some Lessons for the New Economy

Danny Quah

3206: Are Endowments Fate?

James Robinson and Jeffrey Nugent

3205: The Political Economy of Clientelism

Thierry Verdier and James Robinson

3204: Land Reform and the Political Organization of Agriculture

James Robinson and Jonathan Conning

3203: Venture Capital Contracts and Market Structure

Roman Inderst and Holger Mueller

3202: Wage Premia and Skill Upgrading in Italy: Why Didn't the Hound Bark?

Paolo Manasse, Alessandro Turrini and Luca Stanca

3201: Participation Behaviour of East German Women After German Unification

Rob Euwals and Holger Bonin

3200: Price Regulation, Investment and the Commitment Problem

Paul Levine and Neil Rickman

3199: Cross Country Evidence on the Returns to Education: Patterns and Explanations

Kevin Denny, Colm Harmon and Reamonn Lydon

3198: Sorting and Private Education in Italy

Giuseppe Bertola and Daniele Checchi

3197: From Severance Pay to Self-Insurance: Effects of Severance Payments Savings Accounts in Colombia

Adriana Kugler

3196: Protective or Counter-Productive? European Labour Market Institutions and the Effect of Immigrants on EU Natives

Joshua Angrist and Adriana Kugler

3195: Psychological Traits and Trading Strategies

Bruno Biais, Sébastien Pouget and Denis J. Hilton

3194: How Much Should Central Banks Talk? A New Argument

Grüner, Hans Peter

3193: The Determinants of Privatized Enterprise Performance in Russia

Saul Estrin, Manuela Angelucci, Alan Bevan, Julian A Fennema, Boris Kuznetsov, Giovanni Mangiarotti and Mark Schaffer

3192: Stochastic Capital Depreciation and the Comovement of Hours and Productivity

Andreas Fischer, Michael Dueker and Robert Dittmar

3191: Monetary Policy in an Open Economy: The Differential Impact on Exporting and Non-Exporting Firms

Oved Yosha, Hedva Ber and Asher Blass

3190: If You're so Smart, Why Aren't You Rich? Wage Inequality with Heterogenous Workers?

Alison Booth and Gylfi Zoega

3189: Introductory Offers in a Model of Strategic Competition

Thomas Gehrig and ,

3188: How Transparent are Central Banks?

Sylvester Eijffinger and Petra Geraats

3187: Interpreting the Term Structure of Interbank Rates in Hong Kong

Stefan Gerlach

3186: Higher Education Levels, Firm's Outside Options and the Wage Structure

Etienne Wasmer and Rosén, Åsa

3185: Psychological Foundations of Incentives

Ernst Fehr and Armin Falk

3184: Anchor, Float or Abandon Ship: Exchange Rate Regimes for Accession Countries

Willem Buiter and Clemens Grafe

3183: Economic Reform in Europe: Integrating and Liberalizing the Market for Services

David M Newbery

3182: Anti-Competitive Financial Contracting: The Design of Financial Claims

Giacinta Cestone and Lucy White

3181: Evaluating Style Analysis

Theo Nijman, Jenke ter Horst and Frans de Roon

3180: Platform Divergence, Political Efficiency and the Median Voter Theorem

Micael Castanheira and Juan D. Carrillo

3179: Low Returns in R&D Due to Lack of Entrepreneurial Skills

Claudio Michelacci

3178: Why Are Rates of Inflation So Low After large Devaluations

Martin Eichenbaum, Sergio Rebelo and Ariel Burstein

3177: Private Benefits of Control: An International Comparison

Luigi Zingales and Isaac Dyck

3176: Estimating Urban Road Congestion Charges

David M Newbery and Georgina Santos

3175: Discrimination and Nepotism: The Efficiency of the Anonymity Rule

Chaim Fershtman, Frank Verboven and Uri Gneezy

3174: Endogenous Lobbying

Leonardo Felli and Antonio Merlo

3173: Stock Market Quality in the Prescence of a Traded Option

Kees Koedijk, Cyriel de Jong and Charles Schnitzlein

3172: Increased Correlation in Bear markets: A Downside Risk Perspective

Paul Kofman, Kees Koedijk and Rachel Campbell

3171: China, GMOs and World Trade in Agricultural and Textile Products

Kym Anderson and Shunli Yao

3170: How Can South Asia and Sub-Saharan Africa Gain from the Next WTO Round

Kym Anderson and Shunli Yao

3169: Globalization of the Worlds Wine Markets

Kym Anderson and David Norman

3168: What Do State-Owned Firms Maximize? Evidence from the Italian Banks

Paola Sapienza

3167: Who Must Pay Bribes and How Much?

Jakob Svensson

3166: Investment Liberalization - Who Benefits from Cross Border Mergers

Lars Persson and Norbäck, Pehr-Johan

3165: Outsourcing in a Global Economy

Elhanan Helpman and Gene Grossman

3164: An Empirical Investigation of Gaming Responses to Explicit Performance Incentives

Pascal Courty and Gerald Marschke

3163: The Incentives for Takeover in Oligopoly

Christian Wey and Roman Inderst

3162: Innovation and Market Structure: An Empirical Evaluation of the 'Bounds Approach' in the Chemical Industry

Georges Siotis and Marín Uribe, Pedro Luis

3161: Hedonic House Prices Without Characteristics: The Case of New Multiunit Housing

Olympia Bover and Pilar Velilla Lucini

3160: Dealer Pricing of Consumer Credit

Giuseppe Bertola, Stefan Hochguertel and Winfried Koeniger

3159: Fixing Swiss Potholes: The Importance of Improvements

Andreas Fischer and Michael Dueker

3158: Immigration and Heterogeneous Labour in Western Germany: A Labour Market Classification Based on Nonparametric Estimation

Patrick Puhani and Fröhlich, Markus

3157: One Reason Countries Pay Their Debts: Renegotiation and International Trade

Andrew Rose