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.

1305: Trade Strategy, Investment and Exports: Another Look at East Asia

Dani Rodrik

1304: Commodity Tax Harmonization with Public Goods - An Alternative Perspective

Ben Lockwood

1303: Designing Fiscal and Monetary Institutions for a European Monetary Union

Roel Beetsma and Lans Bovenberg

1302: Active Labour Market Policies, Job Matching and the Czech Miracle

Michael Burda and Tito Boeri

1301: Trade Liberalization and Enterprise Restructuring in Bulgaria, 1992-4

Simeon Djankov

1300: Catching Up With Eastern Europe? The European Union's Mediterranean Free Trade Initiative

Simeon Djankov

1299: Does Monetary Unification Lead to Excessive Debt Accumulation?

Roel Beetsma and Lans Bovenberg

1298: Labour Market Institutions and the Cohesion of the Middle Class

Gilles Saint-Paul

1297: Reciprocity and Inflation in Federal Monetary Unions

Juergen von Hagen

1296: East Germany: The Economics of Kinship

Juergen von Hagen

1295: Endogenous Communication Among Lenders and Entrepreneurial Incentives

Jorge Padilla and Marco Pagano

1294: Is Regionalism Simply a Diversion? Evidence from the Evolution of the EC and EFTA

Barry Eichengreen and Tamim Bayoumi

1293: Excess Entry, Vertical Integration and Welfare

Xavier Vives and Kühn, Kai-Uwe

1292: The Geography of Multi-Speed Europe

Philippe Martin and Gianmarco Ottaviano

1291: International Trade in Exhaustible Resources: A Cartel-Competitive Fringe Model

Larry Karp and Olli Tahvonen

1290: Optimum Electoral Areas

Andre Sapir and Khalid Sekkat

1289: Explaining Consumption: A Simple Test of Alternative Hypotheses

Tamim Bayoumi

1288: A Voting Power Analysis of Supranational and National Influence in the EU

Mika Widgrén

1287: Is the Friedman Rule Optimal When Money is an Intermediate Good?

Isabel Correia and Pedro Teles

1286: Regional Convergence Clusters Across Europe

Danny Quah

1285: Dynamic Common Factors in Large Cross-Sections

Lucrezia Reichlin and Mario Forni

1284: Non-Keynesian Effects of Fiscal Policy Changes: International Evidence and the Swedish Experience

Francesco Giavazzi and Marco Pagano

1283: Death, Tetanus and Aerobics: The Evaluation of Disease-Specific Health Interventions

Xavier Sala-i-Martin, Olli Tahvonen, Jessica Holmes and Tomas Philipson

1282: Transitional Dynamics to Optimal Sustainable Growth

Ignazio Musu

1281: Long-Term Growth and Short-Term Economic Instability

Philippe Martin and Carol Rogers

1280: International Business Cycles and the Dynamics of the Current Account

Fatás, Antonio and Graham Elliott

1279: Skill Demand and Factor Substitution

Henri Sneessens and Fatemeh Shadman

1278: A Theory of the Welfare State

Hans-Werner Sinn

1277: Do Consumers Search for the Highest Price? Equilibrium and Monopolistic Optimum in Differentiated Products Markets

Konrad Stahl and Norbert Schulz

1276: Innovation, 'Bank' Monitoring and Endogenous Financial Development

Angel de La Fuente and Marín Vigueras, José Maria

1275: The Empirics of Growth and Convergence: A Selective Review

Angel de La Fuente

1274: Catch-up, Growth and Convergence in the OECD

Angel de La Fuente

1273: Ownership and Corporate Control in Poland: Why State Firms Defied the Odds

Sweder van Wijnbergen and Brian Pinto

1272: Reciprocal Anti-Dumping and the Location of Firms

Jan I. Haaland and Ian Wooton

1271: International Migration Controls

Yorgos Papageogiou and Gordon Myers

1270: Labour Specialization and City Formation

Yves Zenou and Marcus Berliant

1269: Politics and Trade Policy

Elhanan Helpman

1268: Are Markets More Competitive if Commodities are Closer Substitutes?

Norbert Schulz

1267: Transport Costs, Intermediate Goods and Localized Growth

Uwe Walz

1266: Foreign Direct Investment and Politics: The Swedish Model

Blomström, Magnus and Ari Kokko

1265: The Poor Stay Poor: Non-Convergence Across Countries and Regions

Albert Marcet and Fabio Canova

1264: The Information Content of the Term Structure: Evidence for Germany

Stefan Gerlach

1263: Price Volatility and Futures Margins

Gikas Hardouvelis and Dongcheol Kim

1262: Asset Pricing Models with and without Consumption: An Empirical Evaluation

Gikas Hardouvelis and Dongcheol Kim

1261: Stock Market Efficiency and Economic Efficiency: Is There a Connection?

Malcolm Davidson and Gary Gorton

1260: Adjustment and Performance of the Textile and Clothing Industry in the Czech Republic, Poland and Portugal

Cristina Corado, Vladimir Benacek and Wieslaw Caban

1259: Regional Unemployment Persistence (Spain, 1976-94)

Samuel Bentolila and Juan F Jimeno

1258: The Term Structure of Euro-Rates: Some Evidence in Support of the Expectations Hypothesis

Stefan Gerlach and Frank Smets

1257: Alternative Operating Procedures for Monetary Policy - A New Look at the Money Supply Process

Peter Bofinger and Schächter, Andrea

1256: Will East Germany Become a New Mezzogiorno?

Andrea Boltho, Pasquale Scaramozzino and Wendy Carlin

1255: Technological Diffusion, Convergence and Growth

Robert Barro and Xavier Sala-i-Martin

1254: The Classical Approach to Convergence Analysis

Xavier Sala-i-Martin

1253: Endogenous Realignments and the Sustainability of a Target Zone

Paul Weller, P. Dean Corbae and Christopher Neely

1252: Can Capital Controls Alter the Inflation-Unemployment Trade-off?

Assaf Razin and Chi-Wa Yuen

1251: The Age-Wealth Profile and the Life-Cycle Hypothesis: A Cohort Analysis with a Time Series of Cross-Sections of Italian Househo

Tullio Jappelli

1250: Bank Restructuring and Soft Budget Constraints in Financial Transition

Gérard Roland and Erik Berglof

1249: Optimal Inflation Targets, 'Conservative' Central Banks, and Linear Inflation Contracts

Lars Svensson

1248: The Stability of the Gold Standard and the Evolution of the International Monetary System

Barry Eichengreen and Tamim Bayoumi

1247: Fiscal Policy and Monetary Union: Federalism, Fiscal Restrictions and the No-Bailout Rule

Barry Eichengreen and Juergen von Hagen

1246: Fiscal Crises and Aggregate Demand: Can High Public Debt Reverse the Effects of Fiscal Policy?

Alan Sutherland

1245: Europe's Single Market: The Long March to 1992

Andre Sapir

1244: Let's Get Real: A Dynamic Factor Analytical Approach to Disaggregated Business Cycle

Lucrezia Reichlin and Mario Forni

1243: Public Policy Towards R&D in Oligopolistic Industries

J. Peter Neary and Dermot Leahy

1242: Is a European Hard Core Credible? A Statistical Analysis

Alexis Jacquemin and Andre Sapir

1241: The Macroeconomics of the Mexican Crisis: A Simple Two-period Model

David Vines and Gregor Irwin

1240: After the Deluge: Do Fixed Exchange Rates Allow Inter-temporal Volatility Trade-offs?

Andrew Rose

1239: Equilibrium Currency Crises: Are Multiple Equilibria Self-fulfilling or History Dependent?

David Vines and Gareth Davies

1238: The Impact of EU Trade Agreements with Central and East European Countries: The Case of Spain

Martín, Carmela

1237: Banking Scope, Financial Innovation, and the Evolution of the Financial System

Anjan Thakor and Arnoud Boot

1236: Aggregate and Regional Disaggregate Fluctuations

Danny Quah

1235: Integrating the East: The Labour Market Effects of Immigration

Klaus Zimmermann and Thomas Bauer

1234: The Political Economy of the Eastern Enlargement of the EU

Peter Bofinger

1233: Product Quality and Worker Quality

Francis Kramarz and John Abowd

1232: Unions and Wage Insurance

Michael Burda

1231: Nominal Rigidity and Monetary Uncertainty in a Small Open Economy

Neil Rankin

1230: The Seamless World: A Spatial Model of International Specialization

Anthony Venables and Paul Krugman

1229: Migration and the Option Value of Waiting

Michael Burda

1228: The Role of Services in the Structure of Production and Trade: Stylized Facts from a Cross-Country Analysis

Joseph Francois and Kenneth Reinert

1227: The Duration of Unemployment and the Persistence of Wages

Jonathan Leonard and Marc Van Audenrode

1225: The Break up of Nations: A Political Economy Analysis

Patrick Bolton and Gérard Roland

1224: The Transition in Russia: Successes (Privatization, Low Unemployment...) and Failures (Mafias, Liquidity Constraints...). A The

Daniel Cohen

1223: Reforming Europe's Labour Market: Political Issues

Gilles Saint-Paul

1222: Macroeconomic Policy During a Transition to Monetary Union

Willem Buiter

1221: Capital Utilization and Returns to Scale

Martin Eichenbaum, Sergio Rebelo and Craig Burnside

1220: Real Effects of Exchange-Rate-Based Stabilization: An Analysis of Competing Theories

Sergio Rebelo

1219: The Monetary Transmission Mechanism: Evidence from the G-7 Countries

Stefan Gerlach and Frank Smets

1218: Efficiency and Equity: Is There a Trade-off?

Isabel Correia

1217: European Monetary Unification: The Challenges Ahead

Barry Eichengreen and Fabio Ghironi

1216: Multi-object Auctions: On the Use of Combinational Bids

Fernando Branco

1215: Voucher Privatization, Corporate Control and the Cost of Capital: An Analysis of the Czech Privatization Programme

Sweder van Wijnbergen and Anton Marcincin

1214: Multilateral Trade Rules and the Expected Cost of Protection

Joseph Francois and Will Martin

1213: The Economics of Convergence towards Monetary Union in Europe

Paul De Grauwe

1212: Minimum Wages: Curse or Blessing?

Jan Rose Sorensen and Morten Ravn

1211: Underpricing, Ownership and Control in Initial Public Offerings of Equity Securities in the UK

Julian Franks and Michael Brennan

1210: An Essay on the Emergence of the International Gold Standard, 1870-80

Marc Flandreau

1209: The Golden Age of Economic Growth: Why Did Northern Ireland Miss Out?

Nicholas Crafts

1208: Foreign Equity Investment Restrictions, Capital Flight, and Shareholder Wealth Maximization

René Stulz

1207: Why is there Multilateral Lending?

Dani Rodrik

1206: Real Business Cycles with Involuntary Unemployment

Galí, Jordi

1205: A Framework for Analysing the Political Support for Active Labour Market Policy

Gilles Saint-Paul