CEPR Discussion Papers

From Centre for Economic Policy Research
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1942: Attitudes to Ethnic Minorities, Ethnic Context and Location Decisions

Christian Dustmann and Ian Preston

1941: Inflation Targeting: What can the ECB Learn from the Recent Experience of the Bank of England

Michael Artis, Zenon Kontolemis and Paul Mizen

1940: Does the Sector Bias of Skill-Biased Technical Change Explain Changing Wage Inequality?

Jonathan Haskel and Matthew Slaughter

1939: Financial Opening, Deposit Insurance and Risk in a Model of Banking Competition

Tito Cordella and Eduardo Levy Yeyati

1938: Trade Integration with Europe, Export Diversification and Economic Growth in Egypt

Sebastien Dessus and Akiko Suwa Eisenmann

1937: International Competition for Multinational Investment

Jan I. Haaland and Ian Wooton

1936: Is Coordination of Fiscal Deficits Necessary?

Harry Huizinga and Søren Nielsen

1935: A Theory of Political Compromise

Avinash Dixit, Gene Grossman and Faruk Gul

1934: On the Need for More Economic Assessment of Quarantine/SPS Policies

Kym Anderson and Sarah James

1933: Will Trade Liberalization Harm the Environment? The Case of Indonesia 2020

Kym Anderson and Anna Strutt

1932: Deviations of Exchange Rates from Purchasing Power Parity: A Story Featuring Two Monetary Unions

Tamim Bayoumi and Ronald MacDonald

1931: 'Social Dumping' and Relocation: Is there a Case for Imposing a Social Clause?

Tito Cordella and Isabel Grilo

1930: Adjusting to a New Technology: Experience and Training

Elhanan Helpman and Antonio Rangel

1929: No Credit for Transition: The Maastricht Treaty and German Unemployment

Edward Driffill and Marcus Miller

1928: Disorganization in the Transition Process: Firm-Level Evidence from Ukraine

Jozef Konings and Patrick Walsh

1927: The Demand for Money, Financial Innovation and the Welfare Cost of Inflation: An Analysis with Households' Data

Orazio Attanasio, Luigi Guiso and Tullio Jappelli

1926: Trade and the Number of Optimum Currency Areas in the World

Michael Artis, Marion Kohler and Jacques Melitz

1925: The Evolution of Modern Educational Systems: Technical Vs. General Education, Distributional Conflict and Growth

Graziella Bertocchi and Michael Spagat

1924: What Kind of Regional Convergence?

Angel de La Fuente

1923: Dispersion and Volatility in Stock Returns: An Empirical Investigation

John Campbell, Sangjoon Kim and Martin Lettau

1922: Strategic Pricing and Entry under Universal Service and Cross-Market Price Constraints

James Anton, James H Vander Weide and Nikolaos Vettas

1921: Current Account Reversals and Currency Crises: Empirical Regularities

Gian Maria Milesi-Ferretti and Assaf Razin

1920: Determinants of International Migration: Empirical Evidence for Migration from Developing Countries to Germany

Ralph Rotte and Michael Vogler

1919: Trade, Technology and Wages: General Equilibrium Mechanics

Joseph Francois and Douglas Nelson

1918: Banking (Conservatively) With Optimists

Michael Manove and Atilano Jorge Padilla

1917: Lending Relationships in Germany: Empirical Results from Survey Data

Dietmar Harhoff and Timm Körting

1916: Beat 'Em or Join 'Em?: Export Subsidies Versus International Research Joint Ventures in Oligopolistic Markets

J. Peter Neary

1915: Estimating Labour Market Discrimination with Selectivity Corrected Wage Equations: Methodological Considerations and an Illustration from Israel

Shoshana Neuman and Ronald Oaxaca

1914: Demand Uncertainty, Mismatch and (Un)Employment: A Microeconomic Approach

Mohamed Jellal, Jacques Thisse and Yves Zenou

1913: Education and Borrowing Constraints: Tests Vs. Prices

Raquel Fernandez

1912: Union Power and Product Market Competition: Evidence from the Airline Industry

Damien Neven, Lars-Hendrik Röller and Zhentang Zhang

1911: Labour Force transitions of Older Married Couples in Germany

David Blau and Regina Riphahn

1910: Contentious Contracts

Ulrich Hege and Pascale Viala

1909: Workers' Versus Bankers' Europe (II): Policy Externalities and Credibility in EMU

Laura Bottazzi and Paolo Manasse

1908: Monetary Policy Rules and Macroeconomic Stability: Evidence and Some Theory

Richard Clarida, Jordi Galí and Mark Gertler

1907: Computers and the Demand for Skilled Labour: Industry and Establishment-Level Panel Evidence for the United Kingdom

Jonathan Haskel and Ylva Heden

1906: Monetary Policy and Credit in China: A Theoretical Analysis

Huw Dixon

1905: Price Competition Between an Expert and a Non-Expert

Jan Bouckaert and Hans Degryse

1904: The External Sector, the State and Development in Eastern Europe

Barry Eichengreen and Richard Kohl

1903: Agglomeration and Trade Revisited

Gianmarco Ottaviano and Jacques Thisse

1902: A Bargaining Model of Farrell Inefficiency

Jonathan Haskel and Amparo Sanchis-Llopis

1901: Technology in Growth

Louise Keely and Danny Quah

1900: Ownership and Growth

Thorvaldur Gylfason, Tryggvi Herbertsson and Gylfi Zoega

1899: Fiscal Discipline and Exchange Rate Regimes

Matthew Canzoneri, Robert Cumby and Behzad Diba

1898: Currency Crisis and Unemployment: Sterling in 1931

Barry Eichengreen and Olivier Jeanne

1897: A Gini Decomposition Analysis of Inequality in the Czech and Slovak Republics during the Transition

Thesia Garner and Katherine Terrell

1896: The Impact of Exchange Rate Uncertainty on the Level of Investment

Julia Darby, Andrew Hughes Hallett, Jonathan Ireland and Laura Piscitelli

1895: The Long-Run Educational Cost of World War II: An Example of Local Average Treatment Effect Estimation

Andrea Ichino and Rudolf Winter-Ebmer

1894: Cities and the Geography of Financial Centres

Thomas Gehrig

1893: Measuring Risk Attitudes in a Natural Experiment: Data from the Television Game Show LINGO

Roel Beetsma and Peter C Schotman

1892: Does the Term Structure Predict Recessions? The International Evidence

Henri J Bernard and Stefan Gerlach

1891: Expropriation and Control Rights: A Dynamic Model of Foreign Direct Investment

Monika Schnitzer

1890: Spurious Correlation in Exchange Rate Target Zone Modelling: Testing the Drift Adjustment Method on the US Dollar, Random Walk and Chaos

Zsolt Darvas

1889: Capital Flows to Emerging Markets: Liberalization, Overshooting and Volatility

Philippe Bacchetta and Eric van Wincoop

1888: Project Evaluation and Organizational Form

Thomas Gehrig, Pierre Regibeau and Katharine Rockett

1887: Venture Capital: A Case for Investment Promotion

Christian Keuschnigg

1886: Public Disclosure and Bank Failures

Tito Cordella and Eduardo Levy Yeyati

1885: Performance Measures for Dynamic Portfolio Management

Lars Nielsen and Maria Vassalou

1884: Inspecting the Mechanism: The Determination of Asset Prices in the Real Business Cycle Model

Martin Lettau

1883: Avenues of Technology Transfer: Foreign Investment and Productivity Change in the Czech Republic

Simeon Djankov and Bernard Hoekman

1882: An Egypt-United States Free Trade Agreement: Economic Incentives and Effects

Bernard Hoekman, Denise Konan and Keith Maskus

1881: The Consequences of EU Enlargement for Central and Eastern European Labour Markets

Michael Burda

1880: Schumpeterian Entrepreneurs Meet Engel's Law: The Impact of Inequality on Innovation-Driven Growth

Josef Zweimüller

1879: Does Training Generally Work? The Returns to In-Company Training

Alan Barrett

1878: Can Bilateralism Ease the Pains of Multilateral Trade Liberalization?

Olivier Cadot, Jaime de Melo and Marcelo Olarreaga

1877: Determinants of Attitudes Towards Immigration: A Trade-Theoretic Approach

Jaime de Melo and Charles Ettinger

1876: Immigrant Labour and Workplace Safety

Thomas Bauer, Andreas Million, Ralph Rotte and Klaus Zimmermann

1875: Recurrent Hyperinflations and Learning

Albert Marcet and Juan Pablo Nicolini

1874: Economic Policy and Reforms in Contemporary Italy

Fiorella Kostoris Padoa Schioppa

1873: Headline Underpricing and Entrepreneurial Wealth Losses in IPOs: Theory and Evidence

Michel Antoine Habib and Alexander Ljungqvist

1872: Stability Without a Pact? Lessons from the European Gold Standard 1880-1914

Marc Flandreau, Jacques Le Cacheux and Frédéric Zumer

1871: European Integration and the Future of the Welfare State

Hans-Werner Sinn

1870: Local Unemployment and Specialization

Peer Ritter and Uwe Walz

1869: Wages and Worker Displacement in Germany

Michael Burda and Antje Mertens

1868: Block Premia in Transfers of Corporate Control

Mike Burkart, Denis Gromb and Fausto Panunzi

1867: Agglomeration Economies, Technology Spillovers and Company Productivity Growth

Paul Geroski and Hossein Samiei

1866: Asset Bubbles, Domino Effects and 'Lifeboats': Elements of the East Asian Crisis

Hali Edison, Pongsak Luangaram and Marcus Miller

1865: Does PPP-Adjusted Data Exaggerate the Relative Size of Poor Economies

Patrick Honohan

1864: Interventions Versus Customer Transactions: An Alternative Test of the Signalling Hypothesis

Andreas Fischer and Mathias Zurlinden

1863: 'Globalization' and Relocation in a Vertically Differentiated Industry

Tito Cordella and Isabel Grilo

1862: An Applied Econometrician's View of Large Company Performance

Paul Geroski

1861: Youth Employment and Academic Performance in High School

Zvi Eckstein and Kenneth Wolpin

1860: Union Wage Bargaining and European Antidumping Policy in Imperfectly Competitive Markets

Jozef Konings, Hylke Vandenbussche and Reinhilde Veugelers

1859: Discrimination and Skill Differences in an Equilibrium Search Model

Audra Bowlus and Zvi Eckstein

1858: Ruling out Indeterminacy: the Role of Heterogeneity

Berthold Herrendorf, Akos Valentinyi and Robert Waldmann

1857: Economic Geography, Comparative Advantage and Trade Within Industries: Evidence from the OECD

Sir David Greenaway

1856: Learning for Employment, Innovating for Growth

Josef Falkinger and Josef Zweimüller

1855: Innovation and Growth with Rich and Poor Consumers

Johann Brunner and Josef Zweimüller

1854: Externalities in the Matching of Workers and Firms in Britain

Simon Burgess and Stefan Profit

1853: The Absorption of Highly-Skilled Immigrants: Israel, 1990-1995

Zvi Eckstein and Yoram Weiss

1852: Transparency and Credibility: Monetary Policy with Unobservable Goals

Jon Faust and Lars Svensson

1851: Multiproduct Multinationals and Reciprocal FDI Dumping

Richard Baldwin and Gianmarco Ottaviano

1850: Enforcement of Employment Security Regulations, On-The-Job Search and Unemployment Duration

Tito Boeri

1849: Sticky Prices and Volatile Output: Or When is a Phillips Curve not a Phillips Curve

Martin Ellison and Andrew Scott

1848: Endogenous Tariff Formation: The Case of Mercosur

Marcelo Olarreaga and Isidro Soloaga

1847: Central Bank Independence, Centralization of Wage Bargaining, Inflation and Unemployment - Theory and Evidence

Alex Cukierman and Francesco Lippi

1846: Bankers' Versus Workers' Europe (I): Adverse Selection in EMU

Laura Bottazzi and Paolo Manasse

1845: Agglomeration and Endogenous Capital

Richard Baldwin

1844: Privatization, Efficiency and Economic Growth

Thorvaldur Gylfason

1843: Large Scale Fiscal Retrenchments: Long-Run Lessons from the Stability Pact

Andrew Hughes Hallett and Peter McAdam