CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().

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.

1654: Why Firms Form Research Joint Ventures: Theory and Evidence

Mihkel Tombak, Röller, Lars Hendrik and Ralph Siebert

1653: Some Cross-Country Evidence about Debt, Deficits and the Behaviour of Monetary and Fiscal Authorities

Jacques Melitz

1652: Portfolio Selection and Asset Pricing with Dynamically Incomplete Markets and Time-varying First and Second Moments

Lars Nielsen and Maria Vassalou

1651: Monotone Risk Aversion

Lars Nielsen

1650: Parametric Characterizations of Risk Aversion and Prudence

Lars Nielsen and Fatma Lajeri

1649: Multiple Versus Single Banking Relationships

Paolo Garella, Luigi Guiso and Enrica Detragiache

1648: Bid-Ask Spreads with Indirect Competition among Specialists

Thomas Gehrig and Matthew Jackson

1647: Real Interest Rates, Nominal Shocks, and Real Shocks

Edward Driffill

1646: The Exchange Rate Policy of the Euro: A Matter of Size?

Philippe Martin

1645: Sequential Investments and Options to Own

Klaus Schmidt and Nöldeke, Georg

1644: Imperfect Tests and Natural Insurance Monopolies

Winand Emons

1643: How Will Transatlantic Policy Interactions Change with the Advent of EMU?

Barry Eichengreen and Fabio Ghironi

1642: Business Cycles and Long-run Growth

Gilles Saint-Paul

1641: Setting Standards: Information Accumulation in Development

Daron Acemoglu and Fabrizio Zilibotti

1640: Exchange Rate Arrangements between the Ins and the Outs

Paul De Grauwe

1639: On the Japanese Yen-US Dollar Exchange Rate: A Structural Econometric Model Based on Real Interest Differentials

Ronald MacDonald

1638: Setting Conversion Rates for the Third Stage of EMU

Paul De Grauwe and Luigi Spaventa

1637: The Determining Factors of Foreign Direct Investment in Spain and the rest of the OECD: Lessons for CEECs

Martín, Carmela and Francisco J. Velazquez

1636: Transition and the Output Fall

Gérard Roland and Thierry Verdier

1635: Attribute Dependence and the Provision of Quality

Hans Degryse and Andreas Irmen

1634: Returns to Regionalism: An Evaluation of Non-traditional Gains from RTAs

Fernández, Raquel

1633: The Great Depression as a Watershed: International Capital Mobility over the Long Run

Maurice Obstfeld and Alan Taylor

1632: National Policies and Local Economies: Europe and the United States

Lucrezia Reichlin and Mario Forni

1631: Adverse Selection of Investment Projects and the Business Cycle

Pietro Reichlin and Paolo Siconolfi

1630: Money in a Real Business Cycle Model

Roger Farmer

1629: Putting Things in Order: Patterns of Trade Dynamics and Macroeconomics

Robert Feenstra and Andrew Rose

1628: Quantifying a Dangerous Obsession? Competitiveness and export performance in an OECD Panel of Industries

Wendy Carlin, John van Reenen and Andrew Glyn

1627: To Each According To...? Markets, Tournaments, and the Matching Problem with Borrowing Constraints

Galí, Jordi and Fernández, Raquel

1626: Multiple Job Holding as a 'Hedge' Against Unemployment

Robert Wright, Juan J Dolado and Robert Hart

1625: Excess Capacity as an Incentive Device

Rudolf Kerschbamer and Yanni Tournas

1624: Interjurisdictional Competition and the Efficiency of the Public Sector: The Triumph of the Market over the State?

Michael Rauscher

1623: Optimal Determination of Bookmakers' Betting Odds: Theory and Tests

John Fingleton and Patrick Waldron

1622: Fast Track: Is it in the Genes? The Promotion Policy of a Large Japanese Firm

Giorgio Brunello, Kenn Ariga and Yasushi Ohkusa

1621: Intra-firm Wage Dispersion and Firm Performance

Rudolf Winter-Ebmer and Josef Zweimueller

1620: Economic Developments in the Balkan Countries and the Role of Greece: From Bilateral Relations to the Challenge of Integration

Nicos Christodoulakis and George Petrakos

1619: Optimal Restructuring Under a Political Constraint: A General Equilibrium Approach

Vivek Dehejia

1618: Performance Measurement using Multiple Asset Class Portfolio Data

David Blake, Allan Timmermann and Bruce N Lehmann

1617: Using Subjective Income Expectations to Test for Excess Sensitivity of Consumption to Predicted Income Growth

Tullio Jappelli and Luigi Pistaferri

1616: Convergence in Output in Transition Economies: Central and Eastern Europe, 1970-1995

Saul Estrin and Giovanni Urga

1615: Booms and Busts in the UK Housing Market

John Muellbauer and Anthony Murphy

1614: Stock Returns, Term Structure, Inflation and Real Activity: An International Perspective

Fabio Canova and Gianni de Nicolò,

1613: Advertising Bans

Massimo Motta

1612: Debt and Deficit Ceilings, and Sustainability of Fiscal Policies: An Intertemporal Analysis

Michael Wickens and Merih Uctum

1611: Preferential Trade Liberalization in the North Atlantic

Richard Baldwin and Joseph Francois

1610: Monetary Policy and the Fisher Effect

Söderlind, Paul

1609: Employment Turnover and Unemployment Insurance

John Hassler and Rodríguez Mora, José V

1608: Debt vs. Foreign Direct Investment: The Impact of Sovereign Risk on the Structure of International Capital Flows

Monika Schnitzer

1607: Agglomeration in a Core-Periphery Model with Vertically and Horizontally Integrated Firms

Rikard Forslid and Karolina Ekholm

1606: International Leapfrogging and Subsidies

Stefan Lutz

1605: Economic Growth and Policy Reform in the APEC Region: Trade and Welfare Implications by 2005

Kym Anderson, Will Martin, Betina Dimaranan and Thomas Hertel

1604: Endogenous Cycles in a Stiglitz-Weiss Economy

Oren Sussman and Javier Suarez

1603: Long Term Debt and the Political Support of a Monetary Union

Harald Uhlig

1602: Equilibrium Unemployment

Sergio Rebelo, João Gomes and Jeremy Greenwood

1601: Enterprises in Transition: Macroeconomic Influences on Enterprise Decision-making and Performance

Willem Buiter, Ricardo Lago and Helene Rey

1600: The Development of the Division of Power among the European Commission, the Council and the European Parliament

Mika Widgrén and Annick Laruelle

1599: The Causes of Regionalism

Richard Baldwin

1598: Common Ground Between Free-traders and Environmentalists

Larry Karp and Sandeep Sacheti

1597: Economic Integration, Factor Mobility, and Wage Convergence

Gilles Saint-Paul

1596: Shifts in US Relative Wages: The Role of Trade, Technology and Factor Endowments

Robert Baldwin and Glen Cain

1595: Pareto-Improving Economic Reforms through Dual-Track Liberalization

Lawrence J Lau, Yingyi Qian and Gérard Roland

1594: Volatility Clustering and Volatility Transmission: A Non-Parametric View of ERM Exchange Rates

Michael Artis and Wenda Zhang

1593: Performance-Related Pay

Alison Booth and Jeff Frank

1592: Can Relationship Banking Survive Competition?

Anjan Thakor and Arnoud Boot

1591: Family Matters

John Ermisch and Marco Francesconi

1590: On the Effects of Anti-dumping Legislation

Xavier Martinez-Giralt and Pedro Barros

1589: Sequencing and the Size of the Budget: A Reconsideration

Juergen von Hagen and Mark Hallerberg

1588: Good Jobs versus Bad Jobs: Theory and Some Evidence

Daron Acemoglu

1587: TFPG Controversies, Institutions, and Economic Performance in East Asia

Dani Rodrik

1586: Empirics for Growth and Distribution: Stratification, Polarization, and Convergence Clubs

Danny Quah

1585: Policy Complementarities: The Case for Fundamental Labour Market Reform

Dennis Snower and David Coe

1584: Product Standards Coalitions in a Market without Borders

Alessandra Casella

1583: Tax Competition for Foreign Direct Investment

Ian Wooton and Andreas Haufler

1582: Modelling Work-Related Training and Training Effects Using Count Data Techniques

,, Alison Booth and Wiji Arulampalam

1581: The Total Cost of Trading Belgian Shares: Brussels versus London

Hans Degryse

1580: The New Geography of Eastern European Trade

Mathilde Maurel and Guillaume Cheikbossian

1579: From Learning to Partnership. Multinational R&D Cooperation in Developing Countries

Carlo Carraro and Giorgio Barba Navaretti

1578: South-North Refugee Migration: Lessons for Development Cooperation

Klaus Zimmermann, Ralph Rotte and Michael Vogler

1577: Capital Mobility and the Output-Inflation Tradeoff

Assaf Razin, Chi-Wa Yuen and Prakash Loungani

1576: Domino Effects in Western European Trade, 1960-92

Andre Sapir

1575: The Rise and Fall of Regional Inequalities

Diego Puga

1574: Lobbying and the Structure of Protection

Jaime de Melo, Olivier Cadot and Marcelo Olarreaga

1573: Training and Unions

Alison Booth and Monojit Chatterji

1572: Efficient Wage Dispersion

Daron Acemoglu and Robert Shimer

1571: The Rise and Persistence of Rigidities

Gilles Saint-Paul

1570: The Burden and Disincentive Effects of Hungarian Personal Taxes 1988-96

David M Newbery and Tamas Revesz

1569: Trade in Nominal Assets and Net International Capital Flows

Philippe Bacchetta and Eric van Wincoop

1568: Structural Change and International Trade

Dan Ben-David and David Papell

1567: Industrial Structure, Menu Costs and the Non-Neutrality of Money

Huw Dixon and Claus Thustrup Hansen

1566: Dual Labour Markets, Urban Unemployment and Multicentric Cities

Yves Zenou and Anthony Smith

1565: Strategic Behaviour under European Antidumping Rules

Hylke Vandenbussche, Wilfried Pauwels and Marcel Weverbergh

1564: The Generalized War of Attrition

Jeremy Bulow and Paul Klemperer

1563: Centralized Bargaining, Multi-Tasking, and Work Incentives

Dennis Snower and Assar Lindbeck

1562: Inflation Targets and Contracts with Uncertain Central Banker Preferences

Roel Beetsma and Henrik Jensen

1561: Monetary Integration and Economic Convergence

Anne Sibert

1560: Population Growth, Trade Policy, and Migration Incentives

Joseph Francois and Douglas Nelson

1559: Applications to the US Disability Program: A Semiparametric Approach

Regina Riphahn and Brent Kreider

1558: EMU: Countries or Regions? Lessons from the EMS Experience

Fatás, Antonio

1557: Income Persistence and Macro-Policy Feedbacks in the United States

John Muellbauer

1556: New Techniques to Extract Market Expectations from Financial Instruments

Lars Svensson and Söderlind, Paul

1555: Electoral Institutions, Cabinet Negotiations, and Budget Deficits within the European Union

Juergen von Hagen and Mark Hallerberg