CEPR Discussion Papers

From Centre for Economic Policy Research
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1038: Foreign Exchange Intervention and International Policy Coordination: Comparing the G-3 and EMS Experience

Axel A Weber

1037: Commercial Policy and Dynamic Adjustment Under Monopolistic Competition

Christian Keuschnigg and Wilhelm K. Kohler

1036: Human Capital and Productivity in Manufacturing during the Twentieth Century: Britain, Germany and the United States

Stephen Broadberry and Karin Wagner

1035: The Role of Government Aid to Firms during the Transition to a Market Economy: Russia 1992-94

Jacques Melitz and Claire Waysand

1034: Apprenticeship and After: Does it Really Matter?

Rainer Winkelmann

1033: The Relation Between Voting Power and Policy Impact in the European Union

Mika Widgrén

1032: Environmental Regulation and the Location of Polluting Industries

Michael Rauscher

1031: Optimal Target Zones: How an Exchange Rate Mechanism Can Improve Upon Discretion

Marcus Miller and Lei Zhang

1030: On the Optimality of Consumption Across Canadian Provinces

Tamim Bayoumi

1029: Restraining Yourself: Fiscal Rules and Stabilization

Tamim Bayoumi and Barry Eichengreen

1028: Consumption, Income, and International Capital Market Integration

Tamim Bayoumi

1027: A Dynamic Model of Collusion

Daron Acemoglu

1026: Search in the Labour Market, Incomplete Contracts and Growth

Daron Acemoglu

1025: A Positive Theory of Social Security

Xavier Sala-i-Martin

1024: The Europe Agreements: Implications for Trade Laws and Institutions. Lessons from Hungary

Andre Sapir

1023: French Post-war Growth: From (Indicative) Planning to (Administered) Market

Pierre Sicsic and Charles Wyplosz

1022: Social Security and Migration in an Ageing Europe

Juergen von Hagen and Uwe Walz

1021: The Origins and Early Impact of the Minimum Wage in Agriculture

Robin Gowers and Timothy Hatton

1020: Locational Competition versus Cooperation in Labour Markets: An Implicit Contract Reinterpretation

Michael Burda and Antje Mertens

1019: Capital Mobility in Neoclassical Models of Growth

Robert Barro, N. Gregory Mankiw and Xavier Sala-i-Martin

1018: What is the Domain of the Welfare State?

Dennis Snower

1017: The Political Economy of Trade Regimes in Central Europe

László Csaba

1016: Efficiency and Expectations Revisited: A Foreign Exchange Market with Bayesian Players

Nicos Christodoulakis, Sarantis Kalyvitis and Nick Karamouzis

1015: Globalization and the Inequality of Nations

Paul Krugman and Anthony Venables

1014: Educational Choice, Lifetime Earnings Inequality, and Conflicts of Public Policy

Robert K von Weizsäcker

1013: Regional Decentralization and the Soft Budget Constraint: The Case of China

Yingyi Qian and Gérard Roland

1012: Trade Policy and Regional Integration: Implications for the Relations between Europe and Africa

Paul Collier and John Toye

1011: Firm Location and Job Creation in Cities

Masahisa Fujita, Jacques Thisse and Yves Zenou

1010: Antitrust-based Remedies and Dumping in International Trade

Bernard Hoekman and Petros C Mavroidis

1009: Linking Competition and Trade Policies in Central and East European Countries

Bernard Hoekman and Petros C Mavroidis

1008: The Uruguay Round and Trade in Manufactures and Services. General Equilibrium Simulations of Production, Trade and Welfare Effects of Liberalization

Jan I. Haaland

1007: Seniority, Earnings and Unions

Alison Booth and Jeff Frank

1006: Trade and Foreign Direct Investment with Central and Eastern Europe: Its Impact on Spain

Jordi Gual and Carmela Martín

1004: Textiles and Clothing Trade with Central and Eastern Europe: Impact on Members of the EC

Cristina Corado

1003: Comparative Advantage and Likely Trade Pattern of the CEECs

László Halpern

1002: The Liberalization of European Steel Trade

L. Winters

1001: The Europe Agreements and EC-LDC Relations

Olivier Cadot and Jaime de Melo

1000: Trade Liberalization with Eastern Nations. How Sensitive?

Damien Neven

999: The Low-Skill, Bad-Job Trap

Dennis Snower

998: The Dynamics of Exclusion and Fiscal Conservatism

Gilles Saint-Paul

997: Financial Reform in Israel: A Case of Gradualism

Gil Bufman and Leonardo Leiderman

996: Business Cycles in a Small Open Economy

Isabel Correia, Joao C Neves and Sergio Rebelo

995: Education, Income Distribution, and Growth: The Local Connection

Roland Benabou

994: Post-War Growth of the Danish Economy

Peder Pedersen

993: Fiscal Constraints and the Speed of Transition

Bankim Chadha and Fabrizio Coricelli

992: Evaluating Welfare Losses Under R&D Rivalry and Product Differentiation

Yannis Katsoulacos and David Ulph

991: Do Immigrants Displace Native Workers? The Austrian Experience

Rudolf Winter-Ebmer and Josef Zweimüller

990: An Analysis of US International Trade Commission Decisions in Antidumping, Countervailing Duty and Safeguard Cases

Robert Baldwin and Jeffrey Steagall

989: Collusive Conduct in Duopolies: Multimarket Contact and Cross-Ownership in the Mobile Telephone Industry

Philip M Parker and Lars-Hendrik Röller

988: Relative Prices and Economic Adjustment in the US and EU: A Real Story About European Monetary Union

Tamim Bayoumi and Alun Thomas

987: Wage Bargaining in Industries with Market Power

Samuel Bentolila, Juan Dolado and Atilano Jorge Padilla

986: Economic Growth in Post-War Belgium

Isabelle Cassiers, Philippe De Ville and Peter Solar

985: Asymmetric Information, Agency Costs and Innovative Entry

David Audretsch

984: An Exercise in Futility: East German Economic Growth and Decline, 1945-89

Albrecht Ritschl

983: European and American Regionalism: Effects on and Options for Asia

Kym Anderson and Richard H Snape

982: Training, Earnings and Mobility in Germany

Rainer Winkelmann

981: The Causes of Post-War Slumps and Miracles. An Evaluation of Olsonian Views on German Economic Performance in the 1920s and the 1950s

Karl-Heinz Paqué

980: Learning by Doing, Precommitment and Infant-Industry Protection

Dermot Leahy and J. Peter Neary

979: Uneven Technical Progress and Job Destructions

Daniel Cohen and Gilles Saint-Paul

978: Public Pension Reform, Demographics, and Inequality

Robert K von Weizsäcker

977: Structural Change and Unemployment in Central and Eastern Europe: Some Key Issues

Michael Burda

976: The Empirics of Economic Growth in Previously Centrally Planned Economies

Edward Leamer and Mark Taylor

975: Irish Economic Growth, 1945-88

Cormac O'Gráda and Kevin O'Rourke

974: Earnings and Seniority in Japan. A Re-appraisal of the Existing Evidence and a Comparison with the UK

Kenn Ariga and Giorgio Brunello

973: Institutions and Economic Growth: Europe After World War II

Barry Eichengreen

972: Product Variety and Welfare under Discriminatory and Mill Pricing Policies

George Norman and Jacques Thisse

971: Human Capital Distribution, Technological Progress, and Economic Growth

Oded Galor and Daniel Tsiddon

970: Convergence, Competitiveness and the Exchange Rate

Andrea Boltho

969: Shocks and the Viability of a Fixed Exchange Rate Commitment

Torben M Andersen

968: A Formal Model of Optimum Currency Areas

Tamim Bayoumi

967: Temporal Aggregation Bias in Stock-Flow Models

Kenneth Burdett, Melvyn Coles and Jan van Ours

966: Cross-Section Estimation of the Matching Function: Evidence from England and Wales

Melvyn Coles and Eric Smith

965: The Great Wars, the Great Crash, and the Unit Root Hypothesis: Some New Evidence About An Old Stylized Fact

Dan Ben-David and David Papell

964: Migration and Growth: The Experience of Southern Europe

Riccardo Faini and Alessandra Venturini

963: The Economic Performance of Germany's East European Immigrants

Christoph Schmidt

962: Multilateral Tariff Cooperation During the Formation of Customs Unions

Kyle Bagwell and Robert Staiger

961: Can Foreign Aid Accelerate Stabilization?

Alessandra Casella and Barry Eichengreen

960: Patterns of Unemployment: An Insider-Outsider Analysis

Assar Lindbeck and Dennis Snower

959: Price Inertia and Production Lags

Assar Lindbeck and Dennis Snower

958: Unemployment Persistence and the Unemployment-Productivity Relation

Dennis Snower

957: Policy, Technology Adoption and Growth

William Easterly, Robert King, Ross Levine and Sergio Rebelo

956: Unification and the Policy Predicament in Germany

Andrew Hughes Hallett, Yue Ma and Jacques Melitz

955: Environmental Policy Under Oligopoly with Endogenous Market Structure

Yannis Katsoulacos and Anastasios Xepapadeas

954: Convergence Empirics Across Economies with (Some) Capital Mobility

Danny Quah

952: Changes in the Relative Demand for Skills in the UK Labour Market

Stephen Machin

951: Sources of Real Exchange Rate Fluctuations: How Important are Nominal Shocks?

Richard Clarida and Jordi Galí

950: Searching for the Virtues of the European Model

Gilles Saint-Paul

949: Some Political Aspects of Unemployment

Gilles Saint-Paul

948: The Financing of Industry, 1970-89: An International Comparison

Jenny Corbett and Tim Jenkinson

947: Differences in the Labour Market Behaviour Between Temporary and Permanent Migrant Women

Christian Dustmann

946: Tying Trade Flows: A Theory of Countertrade

Dalia Marin and Monika Schnitzer

945: The Political Economy of State Aids in the European Community: Some Econometric Evidence

Damien Neven

944: King Kong Meets Godzilla: The World Bank and The East Asian Miracle

Dani Rodrik

943: The Role of Political Constraints in Transition Strategies

Gérard Roland

942: On the Speed and Sequencing of Privatization and Restructuring

Gérard Roland

941: Monetary Policy with Flexible Exchange Rates and Forward Interest Rates as Indicators

Lars Svensson

940: The Simplest Test of Inflation Target Credibility

Lars Svensson

939: Understanding the Matching Function: The Role of Newspapers and Job Agencies

Melvyn Coles

938: Strategic Bargaining and Competitive Bidding in a Dynamic Market Equilibrium

Melvyn Coles and Abhinay Muthoo

937: An Imperfectly Competitive Open Economy with Sequential Bargaining in the Labour Market

Huw Dixon and Michele Santoni