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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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2042: Patent Suits: Do They Distort Research Incentives? Downloads
Jean Lanjouw and Mark Schankerman
2041: Product Differentiation and Price Competition Between a Safe and a Risky Seller Downloads
Winand Emons
2040: Crossing the Rio Grande: Migrations, Business Cycles and the Welfare State Downloads
Fabio Canova and Morten Ravn
2039: Ageing Gracefully? A Bootstrap Analysis of Poverty Among Pensioners Using Evidence from the PACO Databases Downloads
Georges Heinrich
2038: The Macroeconomic Effects of German Unification: Real Adjustments and the Welfare State Downloads
Fabio Canova and Morten Ravn
2037: Dynamic Adverse Selection and Debt Downloads
Gilles Chemla and Antoine Faure-Grimaud
2036: Inter-Firm Relationships and Informal Credit in Vietnam Downloads
John McMillan and Christopher Woodruff
2035: Understanding the Home Market Effect and the Gravity Equation: The Role of Differentiating Goods Downloads
Robert Feenstra, James Markusen and Andrew Rose
2034: Direct Estimation of the Risk Neutral Factor Dynamics of Affine Term Structure Models Downloads
Dennis Bams and Peter C Schotman
2033: Importing Jobs or Exporting Firms? A Close Look at the Labour Market Implications of Italy's Trade and Foreign Direct Investment Flows Downloads
Riccardo Faini, Anna Falzoni, Marzio Galeotti, Rodolfo Helg and Alessandro Turrini
2032: Strategic Pricing, Signalling and Costly Information Acquisition Downloads
Helmut Bester and Klaus Ritzberger
2031: Wages and Productivity Growth in a Competitive Industry Downloads
Helmut Bester and Emmanuel Petrakis
2030: Revenue Efficiency and Change of Control: The Case of Bankruptcy Downloads
Francesca Cornelli and Leonardo Felli
2029: The Evolution of Price Dispersion in the European Car Market Downloads
Pinelopi Goldberg and Frank Verboven
2028: Did You Know that Monetary Disturbances Matter for Business Cycles Fluctuations? Evidence from the G-7 Countries Downloads
Fabio Canova and Gianni de Nicolò
2027: A Theory of Haste with Applications to Construction of Nuclear Power Plants and Extinction of Endangered Species Downloads
Isabelle Brocas and Juan D. Carrillo
2026: Risk Arbitrage in Takeovers Downloads
Francesca Cornelli and David Daokui Li
2025: A Theory of the Onset of Currency Attacks Downloads
Stephen Morris and Hyun Song Shin
2024: Labour Supply in the Informal Economy in Russia during Transition Downloads
Alexandre Kolev
2023: The Pay-As You-Go Pension System as a Fertility Insurance and Enforcement Device Downloads
Hans-Werner Sinn
2022: What was the Market's View of UK Monetary Policy? Estimating Inflation Risk and Expected Inflation with Indexed Bonds Downloads
Mike Jacobs, Eli Remolona and Michael Wickens
2021: Hold-Up, Industrial Relations and Takeover Threats Downloads
Gilles Chemla
2020: The Structure of Foreign Trade Downloads
Elhanan Helpman
2019: Information Aggregation, Strategic Behaviour and Efficiency in Cournot Markets Downloads
Xavier Vives
2018: Economic Convergence of the CEECs with the EU Downloads
Laurence Boone and Mathilde Maurel
2017: Self-Control, Moderate Consumption and Craving Downloads
Juan D. Carrillo
2016: An EMU with Different Transmission Mechanisms Downloads
Giorgia Giovannetti and Ramon Marimon
2015: Prospective Deficits and the Asian Currency Crises Downloads
Craig Burnside, Martin Eichenbaum and Sergio Rebelo
2014: Machiavellian Underpricing Downloads
Bruno Biais and Enrico Perotti
2013: On the Role of Bank Competition for Corporate Finance and Corporate Control in Transition Economies Downloads
Monika Schnitzer
2012: Language and the Earnings of Immigrants Downloads
Christian Dustmann and Arthur van Soest
2011: Can Short-Term Capital Controls Promote Capital Inflows Downloads
Tito Cordella
2010: Reading Interest Rate and Bond Futures Options' Smiles Around the 1997 French Snap Election Downloads
Sophie Coutant, Eric Jondeau and Michael Rockinger
2009: Reading the Smile: The Message Conveyed by Methods which Infer Risk Neutral Densities Downloads
Eric Jondeau and Michael Rockinger
2008: Changes in the Relative Structure of Wages and Employment: A Comparison of Canada, France and the United States Downloads
David Card, Francis Kramarz and Thomas Lemieux
2007: Lower and Upper Bounds of Returns to Schooling: An Exercise in IV estimation with Different Instruments Downloads
Andrea Ichino and Rudolf Winter-Ebmer
2006: Changes in Consumption Behaviour: Italy in the Early 1990s Downloads
Charles Grant, Raffaele Miniaci and Guglielmo Weber
2005: Diversity and Trade Downloads
Gene Grossman and Giovanni Maggi
2004: Caveat Emptor: Coping With Sovereign Risk Without the Multilaterals Downloads
Marc Flandreau
2003: Temporary Migrants from Egypt: How Long Do They Stay Abroad? Downloads
Thomas Bauer and Ira Gang
2002: Harmonizing External Quotas in a FTA: A Step Backward? Downloads
Olivier Cadot, Jaime de Melo and Marcelo Olarreaga
2001: Voracity and Growth Downloads
Philip Lane and Aaron Tornell
2000: Advantage Through Training? A Microeconometric Evaluation of the Employment Effects of Active Labour Market Programmes in Poland Downloads
Patrick Puhani
1999: Policy Rules for Inflation Targeting Downloads
Glenn Rudebusch and Lars Svensson
1998: Inflation Targeting as a Monetary Policy Rule Downloads
Lars Svensson
1997: Industrial Organization and the New Industrial Policy Downloads
David Audretsch
1996: Can Fundamentals Explain Cross-Country Correlations of Asset Returns Downloads
Fernando Restoy Lozano and Rosa Rodríguez
1995: Can Output Explain the Predictability and Volatility of Stock Returns? Downloads
Juan Ignacio Peña, Fernando Restoy Lozano and Rosa Rodríguez
1994: Investment Dynamics in Markets with Endogenous Demand Downloads
Nikolaos Vettas
1993: Relative Performance Equilibrium in Financial Markets Downloads
Frederic Palomino
1992: Globalization and European Labour Markets Downloads
Michael Burda and Barbara Dluhosch
1991: How and Why Does Knowledge Spill Over? The Case of Biotechnology Downloads
David Audretsch and Paula Stephan
1990: Currency Crises, Sunspots and Markov-Switching Regimes Downloads
Olivier Jeanne and Paul Masson
1989: Open-Economy Inflation Targeting Downloads
Lars Svensson
1988: Conditions of Competition and Multilateral Surveillance Downloads
Simeon Djankov and Bernard Hoekman
1987: Moral Hazard and Non-Exclusive Contracts Downloads
Alberto Bisin and Danilo Guaitoli
1986: Industrial Policy and Firm Heterogeneity Downloads
Pedro Barros and Tore Nilssen
1985: To Reveal or Not to Reveal - The Case of Research Joint Ventures with Two-Sided Incomplete Information Downloads
Stephanie Rosenkranz
1984: Liability-Creating Versus Non-Liability-Creating Fiscal Stabilization Policies: Ricardian Equivalence, Fiscal Stabilization and EMU Downloads
Tamim Bayoumi and Paul Masson
1983: Tax Reform and the Dutch Labour Market: An Applied General Equilibrium Approach Downloads
Lans Bovenberg, Ruud de Mooij and Johan Graafland
1982: Exchange Rate Volatility and Intervention: Implications of the Theory of Optimum Currency Areas Downloads
Tamim Bayoumi and Barry Eichengreen
1981: Population, Technology and Growth: From the Malthusian Regime to the Demographic Transition Downloads
Oded Galor and David Weil
1980: Innovation in Cities: Science-Based Diversity, Specialization and Localized Competition Downloads
David Audretsch and Maryann P Feldman
1979: Growth Effects of Income and Consumption Taxes Downloads
Gian Maria Milesi-Ferretti and Nouriel Roubini
1978: Overcoming Informational Barriers to International Resource Allocation: Prices and Group Ties Downloads
Alessandra Casella and James Rauch
1977: The Problem of Bad Debts: Cleaning Banks' Balance Sheets in Economies in Transition Downloads
Janet Mitchell
1976: Data-Snooping, Technical Trading Rule Performance and the Bootstrap Downloads
Ryan Sullivan, Allan Timmermann and Halbert White
1975: The Optimality of a Monetary Union Without a Fiscal Union Downloads
Roel Beetsma and Lans Bovenberg
1974: Agglomeration and the Location of Innovative Activity Downloads
David Audretsch
1973: Screening, Cross-Border Banking and the Allocation of Credit Downloads
Thomas Gehrig
1972: Ability Biased Technological Transition, Wage Inequality and Growth Downloads
Oded Galor and Omer Moav
1971: Patent Renewals and R&D Incentives Downloads
Francesca Cornelli and Mark Schankerman
1970: Estimating Trade Equations from Aggregate Bilateral Data Downloads
Tamim Bayoumi
1969: The Political Economy of Inflation, Labour Market Distortions and Central Bank Independence Downloads
Berthold Herrendorf and Manfred J.M. Neumann
1968: Strategic Trade and Industrial Policy Towards Dynamic Oligopolies Downloads
Dermot Leahy and J. Peter Neary
1967: A Theory of Supervision with Endogenous Transaction Costs Downloads
Antoine Faure-Grimaud, Jean-Jacques Laffont and David Martimort
1966: Productivity, Seniority and Wages: New Evidence from Personnel Data Downloads
Luca Flabbi and Andrea Ichino
1965: Glass Ceilings or Sticky Floors? Downloads
Alison Booth, Marco Francesconi and Jeff Frank
1964: Are Interventions Self-Exciting? Downloads
Andreas Fischer and Mathias Zurlinden
1963: Anatomy of Policy Complementarities Downloads
Mike Orszag and Dennis Snower
1962: Does Exchange Rate Stability Increase Trade and Capital Flows? Downloads
Philippe Bacchetta and Eric van Wincoop
1961: The International Division of Industries: Clustering and Comparative Advantage in a Multi-Industry Model Downloads
Anthony Venables
1960: Migration, Migrants and Policy in the United Kingdom Downloads
Timothy Hatton and Stephen Wheatley Price
1959: Intra-Industry Trade and the Single Market: Quality Matters Downloads
Lionel Fontagné, Michael Freudenberg and Nicolas Peridy
1958: Explaining Movements in the Labour Share Downloads
Samuel Bentolila and Gilles Saint-Paul
1957: Strategic Trade Policy: How Important is the International Constraint? The Case of Optimal Tariff When Technological Innovations Spill Over to the Foreign Competitor Downloads
Kresimir Zigic
1956: Pegging Out: Lessons from the Czech Exchange Rate Crisis Downloads
David Begg
1955: Social Mobility and the Demand for Redistribution: the POUM Hypothesis Downloads
Roland Benabou and Efe Ok
1954: A Tale of Two Neighbour Economies: Labour Market Dynamics in Spain and Portugal Downloads
Sonsoles Castillo, Juan Dolado and Juan F Jimeno
1953: The Fall in Consumption from Being Unemployed in Spain and Portugal Downloads
Sonsoles Castillo, Juan Dolado and Juan F Jimeno
1952: Why do People Stay? The Insider Advantages Approach: Empirical Evidence from Swedish Labour Markets Downloads
Peter A Fischer, Einar Holm, Gunnar Malmberg and Thomas Straubhaar
1951: Patents in a Model of Endogenous Growth Downloads
Ted O'Donoghue and Josef Zweimüller
1950: Expansion of Banking Scale and Scope: Don't Banks Know the Value of Focus Downloads
Arnoud Boot, Todd Milbourn and Anjan Thakor
1949: Market Discipline and Incentive Problems in Conglomerate Banks Downloads
Arnoud Boot and Anjolein Schmeits
1948: Dominant Investors and Strategic Transparency Downloads
Enrico Perotti and Ernst-Ludwig von Thadden
1947: Contagion and Trade: Why are Currency Crises Regional Downloads
Reuven Glick and Andrew Rose
1946: Does Market Structure Matter? New Evidence from Russia Downloads
Annette Brown and J David Brown
1945: The Housing Market and Regional Commuting and Migration Choices Downloads
Gavin Cameron and John Muellbauer
1944: Understanding Exchange Rate Volatility Without the Contrivance of Macroeconomics Downloads
Robert Flood and Andrew Rose
1943: The Reform of Pension Systems: Winners and Losers Across Generations Downloads
Andreas Iben and David Miles
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