CEPR Discussion Papers

From Centre for Economic Policy Research
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1854: Externalities in the Matching of Workers and Firms in Britain

Simon Burgess and ,

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

Zvi Eckstein and Yoram Weiss

1852: Transparency and Credibility: Monetary Policy with Unobservable Goals

Lars Svensson and Jon Faust

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

Andrew Scott and Martin Ellison

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

Paolo Manasse and Laura Bottazzi

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

1842: Independently Blue? Accountability and Independence in the New European Central Bank

Andrew Hughes Hallett and Maria Demertzis

1841: Public Policies, Regional Inequalities and Growth

Philippe Martin

1840: Unemployment Duration, Benefit Duration and the Business Cycle

Manuel Arellano, Olympia Bover and Samuel Bentolila

1839: How Efficient are Firms in Transition Countries? Firm-Level Evidence from Bulgaria and Romania

Jozef Konings and Alexander Repkin

1838: From Federalism, Chinese Style, to Privatization, Chinese Style

Cao Yuanzheng,, Yingyi Qian and Barry Weingast

1837: Channelling Domestic Savings into Productive Investment Under Asymmetric Information: The Essential Role of Foreign Direct Inve

Assaf Razin, Efraim Sadka and Chi-Wa Yuen

1836: Fiscal Solvency and Fiscal Forecasting in Europe

Michael Artis and Massimiliano Marcellino

1835: Enterprise Investment During the Transition: Evidence from Czech Panel Data

Jan Svejnar and ,

1834: The Risk of Deflation in the Future EMU: Lessons of the 1990s

Paul De Grauwe

1833: The Structure of Wages and Investment in General Training

Jorn-Steffen Pischke and Daron Acemoglu

1832: A Quantative Analysis of Swedish Fertility Dynamics: 1751-1990

Kenneth Wolpin, Zvi Eckstein and Pedro Mira

1831: Notes on 'A Code for Fiscal Stability'

Willem Buiter

1830: An Economic Model of Household Income Dynamics, with an Application to Poverty Dynamics among American Women

Simon Burgess and Carol Propper

1829: Regional Redistribution and Stabilization by the Centre in Canada, France, the United Kingdom and the United States: New Estima

Jacques Melitz and Frederic Zumer

1828: Staying Afloat When the Wind Shifts: External Factors and Emerging-Market Banking Crises

Barry Eichengreen and Andrew Rose

1827: IQ, Social Mobility and Growth

John Hassler and Rodríguez Mora, José V

1826: How Labour Market Flexibility Affects Unemployment: Long-Term Implications of the Chain Reaction Theory

Dennis Snower and Marika Karanassou

1825: The Division of Labour Within Firms

Dennis Snower and Assar Lindbeck

1824: Threat of a Capital Levy, Expected Devaluation and Interest Rates in Inter-War France

Pierre Sicsic

1823: Extracting Expectations about 1992 UK Monetary Policy from Option Prices

Söderlind, Paul

1822: Economic Geography and the Fiscal Effects of Regional Integration

Ian Wooton and Rodney Ludema

1821: Monetary Policy and Inflation: From Theory to Practice

Viñals, José

1820: Sovereign Liquidity Crises: the Strategic Case for a Payments Standstill

Marcus Miller

1819: Non-Falsified Expectations and General Equilibrium Asset Pricing: The Power of the Peso

Jean-Pierre Danthine and John B Donaldson

1818: Product Market Integration and Wages: Evidence from a Cross-Section of Manufacturing Establishments in the United Kingdom

Alistair Mitchell Ulph, Edward Driffill and Meloria Meschi

1817: Order Flow Composition and Trading Costs in Dynamic Limit Order Markets

Thierry Foucault

1816: The Importance of Networks in the Market for University Graduates in Japan: A Longitudinal Analysis of Hiring Patterns

Marcus Rebick

1815: The King Never Emigrates: Political Culture and the Reluctant International Movement of People

Arye Hillman, , and Gil Epstein

1814: Competition in Electricity Supply: Will '1998' be Worth it?

Richard Green and Tanga McDaniel

1813: A geometry of Specialization

Joseph Francois and Douglas Nelson

1812: A Theory of Fairness, Competition and Cooperation

Klaus Schmidt and Ernst Fehr

1811: Herd Effects and Migration

Arye Hillman and Gil Epstein

1810: Keeping Up With the Joneses: Competition and the Evolution of Collusion in an Oligopolistic Economy

Huw Dixon

1809: Winning the War, Losing the Peace? Britain's Post-War Recovery in a West German Mirror

Barry Eichengreen and Albrecht Ritschl

1808: Risk, Resources and Education

K von Weizsäcker, Robert and Berthold Wigger

1807: The Extra Burden of Moslem Wives: Clues from Israeli Women's Labour Supply

Shoshana Neuman and Shoshana Grossbard

1806: Corporate Governance

Luigi Zingales

1805: The Transition in East Germany: When is a Ten Point Fall in the Gender Wage Gap Bad News?

Jennifer Hunt

1804: A Red Letter Day?

Rüdiger Dornbusch, Francesco Giavazzi and Carlo Favero

1803: Global Income Divergence, Trade and Industrialization: The Geography of Growth Take-Offs

Richard Baldwin, Philippe Martin and Gianmarco Ottaviano

1802: Persistence and Mobility in International Trade

Stephen Redding and James Proudman

1801: The Cost of Diversity: The Diversification Discount and Inefficient Investment

Raghuram Rajan, Luigi Zingales and Henri Servaes

1800: Monetary Union: The Ins and Outs of Strategic Delegation

Paul Levine and Joseph Pearlman

1799: The Young Person's Guide to Neutrality, Price Level Indeterminacy, Interest Rate Pegs and Fiscal Theories of the Price Level

Willem Buiter

1798: Reform Without Losers: An Interpretation of China's Dual-Track Approach to Transition

Lawrence J Lau, Yingyi Qian and Gérard Roland

1797: Why did the West Extend the Franchise? Democracy, Inequality and Growth in Historical Perspective

Daron Acemoglu and James Robinson

1796: Creating Illegal Immigrants

Arye Hillman, Avi Weiss and Gil Epstein

1795: Idiosyncratic Risk and Volatility Bounds, or, Can Models with Idiosyncratic Risk Solve the Equity Premium Puzzle?

Martin Lettau

1794: Convergence Equations and Income Dynamics: The Sources of OECD Convergence, 1970-95

Angel de La Fuente

1793: Strategic Quality Choice with Minimum Quality Standards

Stefan Lutz, Thomas Lyon and John Maxwell

1792: The Design of Optimal Education Policies

Gianni De Fraja

1791: Migration to Switzerland: Some New Evidence

Thomas Straubhaar and Stefan M. Golder

1790: Earnings Management to Exceed Thresholds

Richard Zeckhauser, U Patel and Francois Degeorge

1789: Where Did all the Growth Go? External Shocks, Social Conflict and Growth Collapses

Dani Rodrik

1788: Capacity and Product Market Competition: Measuring Market Power in a 'Fat-Cat' Industry

Röller, Lars Hendrik and Robin Siekles

1787: The Political Economy of Inflation and Central Bank Independence

Manfred J.M. Neumann and Berthold Herrendorf

1786: Eastern Enlargement of the EU: How much is it Worth for Austria?

Wilhelm Kohler and Christian Keuschnigg

1785: Monitoring the Monitors: Amakudari and the Ex-Post Monitoring of Private Banks

Adrian Rixtel and Wolter Hassink

1784: Free Trade Vs. Strategic Trade: A Peek into Pandora's Box

Gene Grossman and Giovanni Maggi

1783: Stochastic Process Switching and Stage III of EMU

Paul De Grauwe, Hans Dewachter and Dirk Veestraeten

1782: Agglomeration and Economic Development: Import Substitution Vs. Trade Liberalization

Anthony Venables and Diego Puga

1781: Sustainability of Public Finances

Juergen von Hagen, Roberto Perotti and Rolf Strauch

1780: Strategic Creditor Passivity, Regulation and Bank Bailouts

Janet Mitchell

1779: Productivity Growth, Consumer Confidence and the Business Cycle

Jean-Pierre Danthine, John B Donaldson and Thore Johnsen

1778: Survival of the Fittest or the Fattest? Exit and Financing in the Trucking Industry

Luigi Zingales

1777: Power in a Theory of the Firm

Raghuram Rajan and Luigi Zingales

1776: Democracies Pay Higher Wages

Dani Rodrik

1775: New Men and New Women? A Comparison of Paid Work Propensities from a Panel Data Perspective

Alison Booth, Stephen Jenkins and Carlos García-Serrano

1774: Intergenerational Risk Sharing, Stability and Optimality of Alternative Pension Systems

Assar Lindbeck and John Hassler

1773: The Real Exchange Rate in Transition Economies

Charles Wyplosz and Clemens Grafe

1772: Is the Price Level Determined by the Needs of Fiscal Solvency?

Matthew Canzoneri, Robert Cumby and Behzad Diba

1771: The British Beveridge Curve: A Tale of Ten Regions

Gylfi Zoega and Howard Wall

1770: Competition and Firm Performance in Transition Economies: Evidence from Firm Level Surveys in Slovenia, Hungary and Romania

Jozef Konings

1769: Unemployment versus Mismatch of Talents: Reconsidering Unemployment Benefits

Ramon Marimon and Fabrizio Zilibotti

1768: Strategic Behaviour and Price Discovery

Xavier Vives and Luis Medrano

1767: Wage and Pension Pressure on the Polish Budget

Alain de Crombrugghe

1766: Fiscal Norming of Wages to Promote Employment with Monopoly Unions

Alain de Crombrugghe and Grégory de Walque

1765: The Entry and Exit of Workers and the Growth of Employment: An Analysis of French Establishments

Francis Kramarz, John Abowd and Patrick Corbel

1764: Approval Rules for Sequential Horizontal Mergers

Pedro Barros

1763: Staggered Wages and Disinflation Dynamics: What Can More Microfoundations Tell Us?

Neil Rankin and Guido Ascari

1762: Modelling the Impact of Demographic Change Upon the Economy

David Miles

1761: New Technologies, Wages and Worker Selection

Horst Entorf, Francis Kramarz and Michel Gollac

1760: Commercial Links Between Western Europe and East Asia: Retrospect and Prospects

Kym Anderson and Joseph Francois

1759: Political Economics and Macroeconomic Policy

Torsten Persson and Guido Tabellini

1758: Why Does the Yield Curve Predict Economic Activity? Dissecting the Evidence for Germany and the United States

Frank Smets and Kostas Tsatsaronis

1757: Enterprise Break-ups and Performance During the Transition

Jan Svejnar, Miroslav Singer and ,

1756: The Sources of Irish Growth

Xavier Vives and Angel de La Fuente

1755: Fiscal Policy and Growth in the OECD

Angel de La Fuente