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.

596: The Macroeconomic Impact of Flexible Labour Contracts: An Application to Spain

Samuel Bentolila and Gilles Saint-Paul

595: Voting on the Adoption of a Common Currency

Alessandra Casella

594: Halting Inflation in Italy and France After World War II

Alessandra Casella and Barry Eichengreen

593: Rational Frenzies and Crashes

Jeremy I. Bulow and Paul Klemperer

592: On the Many Kinds of Growth

Zvi Eckstein, Costas Foulides and Tryphon Kollintzas

591: The Currency Reform as the Last Stage of Economic and Monetary Union: Some Policy Questions

Alberto Giovannini

590: A Suggested Reformulation of the Theory of Optimal Currency Areas

Jacques Melitz

589: The Interwar Economy in a European Mirror

Barry Eichengreen

588: A Cross-Country Analysis of the Tax-Push Hypothesis

Fiorella Kostoris Padoa Schioppa

587: Tax Rates, Progressivity and de facto Fiscal Indexation in Ten European Countries

Fiorella Kostoris Padoa Schioppa

586: Exchange Rate Policies for the EFTA Countries in the 1990s

William Branson

585: Designing a Central Bank for Europe: A Cautionary Tale from the Early Years of the Federal Reserve System

Barry Eichengreen

584: German Unification: Economic Problems and Consequences

Manfred J.M. Neumann

583: Financing Budget Deficits by Seigniorage and Implicit Taxation: The Cases of Spain and Portugal

Rafael Repullo

582: External Debt and Political Instability

Sule Ozler and Guido Tabellini

581: Is Inequality Harmful for Growth? Theory and Evidence

Torsten Persson and Guido Tabellini

580: Assessing Target Zone Credibility: Mean Reversion and Devaluation Expectations in the EMS

Lars Svensson

579: Information Sharing in Credit Markets

Tullio Jappelli and Marco Pagano

578: On the Virtue of Bad Times: An Analysis of the Interaction between Economic Fluctuations and Productivity Growth

Philippe Aghion and Gilles Saint-Paul

577: Growth and Unemployment

Philippe Aghion and Peter Howitt

576: Factor Shares and Savings In Endogenous Growth

Giuseppe Bertola

575: Sequencing the Transition

David M Newbery

574: Market Integration, Competition and Welfare

Jan I. Haaland and Ian Wooton

573: German Trade Unions After Unification: Third Degree Wage Discriminating Monopolists?

Michael Burda and Michael Funke

572: Why is Italy's Savings Rate So High?

Luigi Guiso, Tullio Jappelli and Daniele Terlizzese

571: Stock Markets and Corporate Performance: A Comparison of Quoted and Unquoted Firms

Ian Alexander and Colin Mayer

570: Corporate Finance in the Euromarkets and the Economics of Intermediation

E Davis and Colin Mayer

569: Financial Innovation and the Neutrality of Money

Michael Moore

568: Strategies for the International Protection of the Environment

Carlo Carraro and Domenico Siniscalco

567: Exchange Rate Risk and Imperfect Capital Mobility in an Optimizing Macromodel

Neil Rankin

566: Financial Intermediation and Monetary Policies in the World Economy

Vittorio Grilli and Nouriel Roubini

565: Distributive Politics and Economic Growth

Alberto Alesina and Dani Rodrik

564: Dually-Traded Italian Equities: London vs. Milan

Marco Pagano and Ailsa A Röell

563: The European Central Bank: Reshaping Monetary Politics in Europe

Alberto Alesina and Vittorio Grilli

562: Unanticipated Inflation and Government Finance: The Case for an Independent Common Central Bank

Frederick (Rick) van der Ploeg

561: Do the Benefits of Exchange Rates Outweigh Their Cost? The Franc Zone in Africa

Shantayanan Devarajan and Dani Rodrik

560: Cost Asymmetries in International Subsidy Games: Should Governments Help Winners or Losers?

J. Peter Neary

559: The Path of Reform in Central and Eastern Europe: An Introduction

Richard Portes

558: An Analysis of the Hungarian Tax Reform

David M Newbery

557: Competition in the British Electricity Spot Market

Richard Green and David M Newbery

556: Brussels on a Single Money

Jacques Melitz

555: Is Europe an Optimum Currency Area? Evidence from Regional Data

Paul De Grauwe and Wim Vanhaverbeke

554: Stochastic Process Switching and Intervention in Exchange Rate Target Zones: Empirical Evidence from the EMS

Axel A Weber

553: Bargaining for the Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model

Martin Klein

552: Expected and Predicted Realignments: The FF/DM Exchange Rate During the EMS

Andrew Rose and Lars Svensson

551: The Interaction of Monetary Policy and Wages

Thorvaldur Gylfason and Assar Lindbeck

550: The Pension Consequences of Divorce

Hugh Davies and Heather Joshi

549: Foreign Exchange, Prices and Economic Activity in Bulgaria

Gordon Hughes

548: Labor and Product Markets in Czechoslovakia and the ex-GDR: A Twin Study

Michael Burda

547: Political Parties, Elections and Inflation in Greece

George Alogoskoufis and Apostolis Philippopoulos

546: Industrial Restructuring and the Reorientation of Trade in Czechoslovakia, Hungary and Poland

Michael Landesmann and Istvan P Szekely

545: Options for the Payments and Exchange Rate System in Eastern Europe

Peter Bofinger

544: Privatization in Hungary, Poland and Czechoslovakia

Irena Grosfeld and Paul Hare

543: Competitiveness and Industrial Restructuring in Czechoslovakia, Hungary and Poland

Paul Hare and Gordon Hughes

542: Persistent Differences in National Productivity Growth Rates with a Common Technology and Free Capital Mobility

Willem Buiter and Kenneth Kletzer

541: Why was Unemployment in Postwar Britain So Low

Stephen Broadberry

540: Multiple Equilibria in the British Labour Market: Some Empirical Evidence

Alan Manning

539: The Solvency of Eastern Europe

Daniel Cohen

538: The Virtues of Gradualism and Legitimacy in the Transition to a Market Economy

Mathias Dewatripont and Gérard Roland

537: Which Rules Rather than Discretion in a Democracy? An Axiomatic Approach

Daniel Cohen and Philippe Michel

536: Which `Simple' Rules Rather than Discretion?

Daniel Cohen and Philippe Michel

535: Currency Substitution and the Fluctuations of Foreign-Exchange Reserves with Credibly Fixed Exchange Rates

Alberto Giovannini

534: Simple Rules for the Open Economy: Evaluating Alternative Proposals

Patrizio Tirelli and David Vines

533: Debts, Deficits and Growth in Interdependent Economies

George Alogoskoufis and Frederick (Rick) van der Ploeg

532: Money and Growth Revisited

George Alogoskoufis and Frederick (Rick) van der Ploeg

531: New Evidence on the Fertility Transition in Ireland 1880-1911

Cormac O'Gráda

530: Iceland on the Outskirts of Europe: The Common Property Resource Problem

Thorvaldur Gylfason

529: Precautionary Saving, Government Policy and Growth in a Stochastic Cash-in-Advance Economy

Seppo Honkapohja and Urho Lempinen

528: Post-Reform East and West: Capital Accumulation and the Labor Mobility Constraint

Charles Wyplosz

527: A Note on the Real Exchange Rate Effect of German Unification

Charles Wyplosz

526: The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79

Michael Artis, Robin Bladen-Hovell and Yue Ma

525: Environmental Innovation Policy and International Competition

Carlo Carraro and Domenico Siniscalco

524: The Nordic EFTA Countries' Options: Seeking Community Membership or a Permanent EEA-Accord

Carl B Hamilton

523: Segmented Labor Markets and Unemployment

Assar Lindbeck and Dennis Snower

522: Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach

Kenneth Froot and Maurice Obstfeld

521: Spain's Industrial Exports to the EEC: A Panel Data Approach

Carmela Martín and Lourdes Moreno

520: German Reunification and Exchange Rate Policy in the EMS

Jacques Melitz

519: Dynamic Seigniorage Theory: An Exploration

Maurice Obstfeld

518: Destabilizing Effects of Exchange-Rate Escape Clauses

Maurice Obstfeld

517: Adjustment Difficulties within a European Monetary Union: Can They be Reduced?

Andrew Hughes Hallett and David Vines

516: Fiscal Rules in the European Monetary Union: A No-Entry Clause

Alberto Giovannini and Luigi Spaventa

515: Should Rules be Simple?

Paul Levine

514: Does Commitment Matter in Trade Policy?

Robert Staiger and Guido Tabellini

513: Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models

Giuseppe Bertola and Lars Svensson

512: The Political Economy of the Hard-ECU Proposal

Peter Bofinger

511: Public Goods in Trade: On the Formation of Markets and Political Jurisdictions

Alessandra Casella and Jonathan Feinstein

510: Intertemporal Speculation, Shortages and the Political Economy of Price Reform: A Case Against Gradualism

Sweder van Wijnbergen

509: Monetary Policy in France

Jacques Melitz

508: The Quality of Production of Textiles and Clothing and the Completion of the Internal Market

Riccardo Faini and Alberto Heimler

507: Currency Substitution and Vehicle Currencies: Tests of Alternative Hypotheses for the Dollar, DM and Yen

Stephen H Thomas and Michael Wickens

506: A Monopoly Union Model of Wage Determination with Taxes and Endogenous Capital Stock: An Empirical Application to the Finnish Manufacturing Industry

Pasi Holm, Seppo Honkapohja and Erkki Koskela

505: Macroeconomic Policy, External Targets and Constraints: The Case of Spain

Juan Dolado and José Viñals

504: Sustainable Intervention Policies and Exchange Rate Dynamics

Giuseppe Bertola and Ricardo Caballero

503: Monetary Accommodation, Exchange Rate Regimes and Inflation Persistence

George Alogoskoufis

502: The European Monetary System: Achievements and Survival

Andrew Hughes Hallett, A. Patrick Minford and Anupam Rastogi

501: The Politics of 1992: Fiscal Policy and European Integration

Torsten Persson and Guido Tabellini

500: The Transition to Convertibility in Eastern Europe and the USSR

Richard Portes

499: The Fallacy of Composition Argument: Does Demand Matter for LDC Manufactured Exports?

Riccardo Faini

498: The Structure of Services in Europe: A Conceptual Framework

Andre Sapir

497: Banks, Finance and Investment in West Germany since 1970

Jeremy Edwards