CEPR Discussion Papers

From Centre for Economic Policy Research
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1204: Free Trade and Evolving Standards

Alessandra Casella

1203: The Survival of New Plants: Start-up Conditions and Post-entry Evolution

José Mata, Paulo Guimaraes and Pedro Portugal

1202: The Anatomy of Unemployment Dynamics

Jan van Ours, Jaap Abbring and Gerard van den Berg

1201: A Centre-Periphery Model of Monetary Coordination and Exchange Rate Crises

Willem Buiter, Paolo Pesenti and Giancarlo Corsetti

1200: Unemployment Duration, Unemployment Benefits, and Labour Market Programmes in Sweden

Bertil Holmlund, Per-Anders Edin, Fredrik Jansson and Kenneth Carling

1199: International R&D Rivalry and Industrial Strategy without Government Commitment

J. Peter Neary and Dermot Leahy

1198: Trade Liberalization, Employment and Migration. Some Simulations for Morocco

Riccardo Faini and Jaime de Melo

1197: Financial System Architecture

Anjan Thakor and Arnoud Boot

1196: Resale Markets and the Assignment of Property Rights

Philippe Jehiel and Benny Moldovanu

1195: Macroeconomic Policy in Central Europe

William Branson and Jorge Braga de Macedo

1194: Do Other Firms Matter in Oligopolies?

Pasquale Scaramozzino and Jonathan Haskel

1193: Cartels, Contracts and Centralization: The Transition to Futures Trading for Primary Commodities

Jonathan Haskel

1192: Privatization and X-Inefficiency: A Bargaining Approach

Jonathan Haskel and Amparo Sanchis-Llopis

1191: International Business Cycles and the ERM: Is there a European Business Cycle?

Michael Artis and Wenda Zhang

1190: Economic Cooperation within Europe: Lessons from the Monetary Arrangements in the 1990s

Yue Ma and Andrew Hughes Hallett

1189: On Measuring the Costs of Labour Immobility and Market Heterogeneity in Europe

Andrew Hughes Hallett and Maria Demertzis

1188: Who Needs Bands? Exchange Rate Policy Before EMU

Tamim Bayoumi

1187: Accumulation and the Extent of Inequality

Giuseppe Bertola

1186: Wage Inequality and Unemployment: US vs Europe

Giuseppe Bertola and Andrea Ichino

1185: Creating Creditworthiness through Reciprocal Trade

Dalia Marin and Monika Schnitzer

1184: Why is Spanish Unemployment so High?

Juan Dolado and Juan F Jimeno

1183: Free Trade and Long-Run Growth

Dan Ben-David and Michael Loewy

1182: Trade Performance and Trade Policy in Central and Eastern Europe

Alasdair Smith and Zdenek Drabek

1181: Why do Pre-tax Car Prices Differ so Much Across European Countries?

Harry Flam and Hakan Nordstrom

1180: Designing Institutions for International Monetary Policy Coordination

Jorge Padilla

1179: Capital Mobility, Fiscal Policy and Growth Under Self-Financing of Human Capital Formation

Willem Buiter and Kenneth Kletzer

1178: Large Shareholders and Banks: Who Monitors and How?

Oved Yosha and Yishay Yafeh

1177: Imperfect Competition, Risk Taking, and Regulation in Banking

Xavier Vives and Carmen Matutes

1176: A Contribution to Unemployment Dynamics

Dennis Snower and Marika Karanassou

1175: Vertically Related Markets and Trade Policy in a Bargaining Framework

Larry Karp and Lucy Sioli

1174: Russian Enterprises in Transition

Daniel Cohen, Christian de Boissieu and Gaël de Pontbriand,

1173: VERs Under Imperfect Competition and Foreign Direct Investment: A Case Study of the US-Japan Auto VER

Jaime de Melo and David Tarr

1172: Currency Unions, Economic Fluctuations and Adjustment: Some Empirical Evidence

Tamim Bayoumi and Eswar Prasad

1171: Universal Banks and German Industrialization: A Reappraisal

Jeremy Edwards and Sheilagh Ogilvie

1170: Regional Insurance Against Asymmetric Shocks. An Empirical Study for the European Community

Juergen von Hagen and George Hammond

1169: New Empirical Evidence on the Costs of European Monetary Union

Jacques Melitz and Hélène Erkel-Rousse

1168: East European Trade and the Austrian Labour Market

Karl Aiginger, Rudolf Winter-Ebmer and Josef Zweimueller

1167: Tax and Benefit Reform in Central and Eastern Europe

David M Newbery

1166: The Taxation of Entrepreneurial Income in a Transition Economy: Issues Raised by Experience in Poland

Stephen Smith and Dariusz Maciej Grabowski MEP

1165: The Elixir of Growth: Trade, Non-Traded Goods and Development

A. Patrick Minford, Jonathan Riley and Eric Nowell

1164: Speculative Market Structure and the Collapse of an Exchange Rate Mechanism

Zhaohui Chen

1163: Tests of the 'Convergence Hypothesis': Some Further Results

Daniel Cohen

1162: Sub-Optimal Scale Firms and Compensating Factor Differentials in Dutch Manufacturing

David Audretsch, Roy Thurik and George Leeuwen

1161: Innovative Clusters and the Industry Life Cycle

David Audretsch and Maryann P Feldman

1160: Demand-Driven Financial Development

Gilles Saint-Paul

1159: Is There a Trade-off between Unemployment and Productivity Growth?

Robert Gordon

1158: The Entwining of Trade Policy with Environmental and Labour Standards

Kym Anderson

1157: The Gender Gap, Fertility and Growth

David Weil and Oded Galor

1156: Environmental Feedbacks and Optimal Taxation in Oligopoly

Carlo Carraro and Antoine Soubeyran

1155: Factor Price Distortions and Public Subsidies in East Germany

Hans-Werner Sinn

1154: R&D Cooperation and the Stability of International Environmental Agreements

Carlo Carraro and Domenico Siniscalco

1153: Measuring Core Inflation

Danny Quah

1152: The Innovation, Unemployment and Competitiveness Challenge in Germany

David Audretsch

1151: Tax and Benefit Reform in the Czech and Slovak Republics

Stephen Smith and Christopher Heady

1150: Tentative First Steps: An Assessment of the Uruguay Round Agreement on Services

Bernard Hoekman

1149: Measuring Aggregate Human Capital

Xavier Sala-i-Martin and Casey Mulligan

1148: Can Delegation be Counterproductive? The Choice of 'Conservative' Bankers in Open Economies

Jane Rapson, Paul Levine and Joseph Pearlman

1147: Suppliers' Associations in the Japanese Automobile Industry: Collective Action for Technology Diffusion

Mari Sako

1146: A Labour-Income-Based Measure of the Value of Human Capital: An Application to the States of the United States

Xavier Sala-i-Martin and Casey Mulligan

1145: Equilibrium Real Exchange Rates in Transition

Charles Wyplosz and László Halpern

1144: Government Subsidies to Enterprises in Central and Eastern Europe: Budgetary Subsidies and Tax Arrears

Mark Schaffer

1143: Endogenous Distortions in Product and Labour Markets

Guido Tabellini and Martin Rama

1142: Federal Fiscal Constitutions. Part II: Risk Sharing and Redistribution

Torsten Persson and Guido Tabellini

1141: Double-Edged Incentives: Institutions and Policy Coordination

Torsten Persson and Guido Tabellini

1140: Empirics for Economic Growth and Convergence

Danny Quah

1139: Workers, Machines and Economic Growth

Joseph Zeira

1138: Testing for Liquidity Constraints in Euler Equations with Complementary Data Sources

Jorn-Steffen Pischke, Tullio Jappelli and Nicholas Souleles

1137: Classical Business Cycles for G7 and European Countries

Michael Artis, Denise Osborn and Zenon Kontolemis

1136: Privatization and Efficiency in a Differentiated Industry

Jacques Thisse and André de Palma

1135: Defensive and Strategic Restructuring in Central European Enterprises

Irena Grosfeld and Gérard Roland

1134: Technology and Trade

Elhanan Helpman and Gene Grossman

1133: North-South R&D Spillovers

Elhanan Helpman, David Coe and Alexander Hoffmaister

1132: Central and East European Labour Markets in Transition: Developments, Causes, and Cures

Wolfgang Franz

1131: Exchange Rate Dynamics Redux

Kenneth Rogoff and Maurice Obstfeld

1130: Stabilization Policy, Learning by Doing, and Economic Growth

Philippe Martin and Carol Rogers

1129: Optimal Stabilization Policy in the Presence of Learning by Doing

Philippe Martin and Carol Rogers

1128: A Panel Project on Purchasing Power Parity: Mean Reversion Within and Between Countries

Jeffrey Frankel and Andrew Rose

1127: Banking and Development

Joseph Zeira and Oren Sussman

1126: Trade and Convergence Among Countries

Dan Ben-David

1125: Job Flows, Worker Flows and Churning

Simon Burgess, Julia Lane and David Stevens

1124: The Sharing Hypothesis for Specific Human Capital

Margaret Stevens

1123: On the Evolution of Credibility and Flexible Exchange Rate Target Zones

Mark Salmon, Renzo Avesani and Giampiero Gallo

1122: Regulation and Access Pricing with Asymmetric Information

Gianni De Fraja

1121: Causality Implications of the Public-Finance Approach to Inflation and Seigniorage

Behzad Diba and Philippe Martin

1120: Applied Cointegration Analysis in the Mirror of Macroeconomic Theory

Anders Vredin and Söderlind, Paul

1119: The Equity Premium and the Risk Free Rate: A Cross Country, Cross Maturity Examination

Fabio Canova and Gianni de Nicolò,

1118: Unemployment Insurance and Incentives in Hungary

John Micklewright and Gyula Nagy

1117: Redistributive Policy in a Transition Economy: The Case of Hungary

Stephen Pudney and Sarah Jarvis

1116: Learning and Dynamic Comparative Advantage: Lessons from Austria's Post-war Pattern of Growth for Eastern Europe

Dalia Marin

1115: The Dynamics of Political Support for Reform in Economies in Transition

Dani Rodrik

1114: Trade Liberalization and the Harmonization of Social Policies: Lessons from European Integration

Andre Sapir

1113: Household Production and International Business Cycles

Fabio Canova and Angel Ubide

1112: The WTO's Agreement on Government Procurement: Expanding Disciplines, Declining Membership?

Petros C. Mavroidis

1111: Slowdowns and Meltdowns: Post-war Growth Evidence from 74 Countries

Dan Ben-David and David Papell

1110: Unemployment, Investment and Sectoral Reallocation

Fabrizio Coricelli and Bankim Chadha

1109: Fertility Control Early in Marriage in Ireland a Century Ago

Gráda, Cormac Ó and Niall Duffy

1108: The Welfare Effects of Liquidity Constraints

Marco Pagano and Tullio Jappelli

1107: Performance Comparisons and Dynamic Incentives

John Vickers and Margaret Meyer

1106: On the Persistence of Leadership or Leapfrogging in International Trade

Jacques Thisse and Massimo Motta

1105: The Coherence of EC Policies on Trade, Competition and Industry

Jordi Gual