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CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.

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2443: A Multi-Task Principal-Agent Approach to Organizational Form Downloads
Régibeau, Pierre, Katharine Rockett and David Besanko
2442: An Empirical Evaluation Of The Determinants Of Research Joint Venture Formation Downloads
Georges Siotis, Marín Uribe, Pedro Luis and Hernán, Roberto
2441: Asymmetries In Monetary Policy Rules: Evidence For Four Central Banks Downloads
Juan Dolado, María-Dolores, Ramón and Manuel Naveira Barrero
2440: The Evolution of Markets Under Entry and Standards Regulation - The Case of Global Mobile Telecommunications Downloads
Harald Gruber and Frank Verboven
2439: Collateral Vs. Project Screening: A Model Of Lazy Banks Downloads
Michael Manove, Jorge Padilla and Marco Pagano
2438: Evaluating The Persistence And Structuralist Theories Of Unemployment Downloads
Gylfi Zoega, Jerry Coakley and Ana-Maria Fuertes
2437: Agriculture, Developing Countries, And The WTO Millennium Round Downloads
Kym Anderson
2436: The Morning After: Explaining The Slowdown In Japanese Growth In The 1990s Downloads
Tamim Bayoumi
2435: A Peek Inside The Black Box: The Monetary Transmission Mechanism In Japan Downloads
Tamim Bayoumi and James Morsink
2434: Corruption And Competition In Public Market Auctions Downloads
Thierry Verdier, Olivier Compte and Ariane Lambert-Mogiliansky
2433: Inequality And Group Participation: Theory And Evidence From Rural Tanzania Downloads
Eliana La Ferrara
2432: Barter In Transition Economies: Competing Explanations Confront Ukrainian Data Downloads
Dalia Marin, Daniel Kaufmann and Bogdan Gorochowskij
2431: Why Do People Still Live In East Germany? Downloads
Jennifer Hunt
2430: Immigrant Assimilation And Welfare Participation: Do Immigrants Assimilate Into Or Out Of Welfare? Downloads
Jorgen Hansen and Löfström, Magnus
2429: Strategic Recruiting And The Chain Of Command Downloads
Guido Friebel and Michael Raith
2428: Continuous Training In Germany Downloads
Jorn-Steffen Pischke
2427: The Bail-In Problem: Systematic Goals, Ad Hoc Means Downloads
Barry Eichengreen and Christoph Ruehl
2426: Natural Rate Doubts Downloads
Roger Farmer
2425: Size Distortions Of Tests Of The Null Hypothesis Of Stationarity: Evidence And Implications For The PPP Debate Downloads
Lutz Kilian and Mehmet Caner
2424: Measuring Predictability: Theory And Macroeconomic Applications Downloads
Francis Diebold and Lutz Kilian
2423: Will EMU Increase Eurosclerosis? Downloads
Samuel Bentolila and Gilles Saint-Paul
2422: Government Cash Transfers, Household Consumption, And Poverty Alleviation - The Case Of Russia Downloads
Kaspar Richter
2421: Financial Contracting Theory Meets The Real World: An Empirical Analysis Of Venture Capital Contracts Downloads
Steven Kaplan and Strömberg, Per
2420: Regulation And Labour Market Performance Downloads
Tito Boeri, Stefano Scarpetta and Giuseppe Nicoletti
2419: Female Labour Supply, Flexibility Of Working Hours, And Job Mobility Downloads
Rob Euwals
2418: Unions And The Labour Market For Managers Downloads
Jorn-Steffen Pischke, John DiNardo and Kevin Hallock
2417: Collateral, Renegotiation And The Value Of Diffusely Held Debt Downloads
Pierre Mella-Barral and Ulrich Hege
2416: Strategic Trading And Learning About Liquidity Downloads
Sven Rady and Harrison Hong
2415: Do R&D Credits Work? Evidence From A Panel Of Countries 1979-97 Downloads
John van Reenen, Rachel Griffith and Nicholas Bloom
2414: Social Harmony At The Boundaries Of The Welfare State: Immigrants And Social Transfers Downloads
Arye Hillman and Gil Epstein
2413: European Financial Markets After EMU: A First Assessment Downloads
Francesco Giavazzi, Jean-Pierre Danthine and Ernst-Ludwig von Thadden
2412: Should Argentina Adopt The US Dollar? Downloads
Andrew Hughes Hallett and Myrvin L. Anthony
2411: On Regional Monetary Arrangements For ASEAN Downloads
Barry Eichengreen, Tamim Bayoumi and Paolo Mauro
2410: Hiring And Firing Costs, Adverse Selection And The Persistence Of Unemployment Downloads
Gilles Saint-Paul and Adriana Kugler
2409: Looking Into The Black Box: A Survey Of The Matching Function Downloads
Christopher Pissarides and Barbara Petrongolo
2408: Is There A Wage Premium for Returning Irish Migrants? Downloads
Alan Barrett and Philip O'Connell
2407: Monetary Institutions, Monopolistic Competition, Unionized Labour Markets And Economic Performance Downloads
Alex Cukierman, Fabrizio Coricelli and Alberto Dalmazzo
2406: Can Competition Replace Regulation for Small Utility Customers? Downloads
Richard Green
2405: Political Risk And Irreversible Investment: Theory And An Application To Quebec Downloads
Sumru Altug, Fanny Demers and Michel Demers
2404: Earnings, Unemployment, And Housing: Evidence From A Panel Of British Regions Downloads
John Muellbauer and Gavin Cameron
2403: A Simple Dynamic General Equilibrium Model Of The Tradeoff Between Fixed And Floating Exchange Rates Downloads
Michael Devereux
2402: Bad Politicians Downloads
Francesco Caselli and Massimo Morelli
2401: Trade Induced Technical Bias And Wage Inequalities: A Theory Of Defensive Innovations Downloads
Thierry Verdier
2400: Reference Cycles: The NBER Methodology Revisited Downloads
Marco Lippi, Lucrezia Reichlin, Marc Hallin and Mario Forni
2399: Telecommunications Infrastructure And Economic Development: A Simultaneous Approach Downloads
Röller, Lars-Hendrik and Leonard Waverman
2398: Explaining Youth Labour Market Problems In Spain: Crowding-Out, Institutions, Or Technology Shifts? Downloads
Juan Dolado, Juan F Jimeno and Florentino Felgueroso
2397: Space And Unemployment: The Labour-Market Effects Of Spatial Mismatch Downloads
Yves Zenou and Jan Brueckner
2396: Monotone Matching In Perfect And Imperfect Worlds Downloads
Andrew Newman
2395: The Decision To Invest In A Low-Wage Country: Evidence From Italian Textiles And Clothing Multinationals Downloads
Giorgio Barba Navaretti, Alessandro Turrini and Anna M Falzoni
2394: Youth Employment Policies In France Downloads
Thierry Magnac, Francis Kramarz and Fougère, Denis
2393: Monetary Policies In The Presence Of Asymmetries Downloads
Paul De Grauwe
2392: Risk Premia In The Term Structure Of Interest Rates: A Panel Data Approach Downloads
Christian Wolff and Dennis Bams
2391: Optimal Corporate Governance Structures Downloads
Javier Suarez and Andres Almazan
2390: Trade And The Rate Of Income Convergence Downloads
Dan Ben-David and Ayal Kimhi
2389: A Monetary Explanation Of The Great Stagflation Of The 1970s Downloads
Robert Barsky and Lutz Kilian
2388: Evaluating Changes In The Bank Of Spain's Intervention: An Alternative Approach Using Marked Point Processes Downloads
Juan Dolado and María-Dolores, Ramón
2387: Work Environment And Individual Background: Explaining Regional Shirking Differentials In A Large Italian Firm Downloads
Andrea Ichino and Giovanni Maggi
2386: East Germany: Transition With Unification - Experiments and Experiences Downloads
Juergen von Hagen and Rolf Strauch
2384: Optimal Speed of Transition 10 Years After Downloads
Tito Boeri
2383: The Role of Social Capital In Financial Development Downloads
Luigi Guiso, Luigi Zingales and Paola Sapienza
2382: Trade, Trade Policy and Poverty: What Are The Links? Downloads
L. Winters
2381: Elected Versus Appointed Regulators: Theory And Evidence Downloads
Timothy Besley and Stephen Coate
2380: The First Year Of The Eurosystem: Inflation Targeting Or Not? Downloads
Lars Svensson
2379: Options For The Exchange Rate Policies Of The EU Accession Countries (And Other Emerging Market Economies) Downloads
Peter Bofinger and Wollmershäuser, Timo
2378: Mommy Tracks and Public Policy: On Self-Fulfilling Prophecies and Gender Gaps in Promotion Downloads
Kjell Lommerud and Steinar Vagstad
2377: Trade in International Transport Services: The Role of Competition Downloads
Ian Wooton and Joseph Francois
2376: Nursery Cities: Urban Diversity, Process Innovation, and the Life-Cycle of Products Downloads
Gilles Duranton and Diego Puga
2375: The Term Structure of Interest Rates and Inflation Forecast Targeting Downloads
Eric Schaling, Sylvester Eijffinger and Willem Verhagen
2374: Searching for Non-Linear Effects of Fiscal Policy: Evidence from Industrial and Developing Countries Downloads
Francesco Giavazzi, Marco Pagano and Tullio Jappelli
2373: Skills, Labour Costs and Vertically Differentiated Industries: A General Equilibrium Analysis Downloads
Stefan Lutz and Alessandro Turrini
2372: The Heckscher-Ohlin Model Between 1400 and 2000: When It Explained Factor Price Convergence, When It Did Not, and Why Downloads
Jeffrey Williamson and Kevin O'Rourke
2371: Social Europe: Dramatic Visions and Real Complexity Downloads
Tito Boeri
2370: Institutions For High-Quality Growth: What They Are And How To Acquire Them Downloads
Dani Rodrik
2369: Funded and Unfunded Pensions: Risk, Return and Welfare Downloads
David Miles
2368: Why Russian Workers Do Not Move: Attachment Of Workers Through In-Kind Payments Downloads
Sergei Guriev and Guido Friebel
2367: Iceland's Natural Experiment in Supply-Side Economics Downloads
Gylfi Zoega, Marco Bianchi and Gudmundsson, Björn R
2366: Optimal Currency Areas: Why Does The Exchange Rate Regime Matter? Downloads
Willem Buiter
2365: Monetary Misconceptions: New and Old Paradigmata and Other Sad Tales Downloads
Willem Buiter
2364: Three Symptoms And A Cure: A Contribution To The Economics Of The Dutch Disease Downloads
Gylfi Zoega, Tryggvi Herbertsson and Marta Skuladottir
2363: Fast Track or Failure: A Study of the Completion Rates of Graduate Students in Economics Downloads
Jan van Ours and Geert Ridder
2362: Labour Supply and Matching Rates for Welfare Recipients: An Analysis Using Neighbourhood Characteristics Downloads
Jan van Ours and Bas van der Klaauw
2361: Modelling Financial Incentives To Get Unemployed Back To Work Downloads
Jan van Ours and Jan Boone
2360: Noisy Financial Signals and Persistent Effects of Nominal Shocks in Open Economies Downloads
Torben M Andersen and Niels C Beier
2359: Conflict of Interest in Universal Banking: Bank Lending, Stock Underwriting, and Fund Management Downloads
Oved Yosha, Yishay Yafeh and Hedva Ber
2358: Employed 40 Hours or Not Employed 39: Lessons from the 1982 Mandatory Reduction of the Workweek Downloads
Francis Kramarz and Crépon, Bruno
2357: Why Mergers Reduce Profits, and Raise Share-Prices Downloads
Johan Stennek and Sven-Olof Fridolfsson
2356: Real Exchange Rate Volatility and Economic Openness: Theory and Evidence Downloads
Harald Hau
2355: Optimal Monitoring in Hierarchical Relationships Downloads
Anke Kessler
2354: A Theory of Central Bank Accountability Downloads
Eric Schaling, Sylvester Eijffinger and Marco Hoeberichts
2353: Central Bank Independence: An Update of Theory and Evidence Downloads
Jakob de Haan, Sylvester Eijffinger and Helge Berger
2352: Sorting and Long-Run Inequality Downloads
Richard Rogerson and Fernández, Raquel
2351: Optimal Debt Contracts and Moral Hazard Along the Business Cycle Downloads
Pietro Reichlin and Paolo Siconolfi
2350: The Determinants of Host Country Spillovers from Foreign Direct Investment Downloads
Blomström, Magnus, Ari Kokko and Steven Globerman
2349: Leniency Programs and Cartel Prosecution Downloads
Michele Polo and Massimo Motta
2348: Is Tax Policy Coordination Necessary? Downloads
Apostolis Philippopoulos, Tryphon Kollintzas and Vanghelis Vassilatos
2347: Determinants of Ownership Structure: A Comparative Analysis of Multinational Firms' Preferences in Greece and Portugal Downloads
Helen Louri and Natália Barbosa
2346: A Time Varying Parameter Model to Test for Predictability and Integration in Stock Markets of Transition Economies Downloads
Michael Rockinger and Giovanni Urga
2345: Consumption Over the Life-Cycle Downloads
Pierre-Olivier Gourinchas and Jonathan Parker
2344: Optimal Capital Allocation Using RAROC And EVA Downloads
Neal Stoughton and Josef Zechner
2343: Would Collective Action Clauses Raise Borrowing Costs? Downloads
Barry Eichengreen and Ashoka Mody
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