CEPR Discussion Papers

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835: Do Firms' Product Lines Include Too Many Varieties, and Do Shops Open Too Many Days?

Paul Klemperer and Atilano Jorge Padilla

834: How Much Europe? Subsidiarity, Centralization and Fiscal Competition

Hans-Werner Sinn

833: Turning Point Prediction for the UK using CSO Leading Indicators

Michael Artis

832: Trade Liberalization in Disinflation

Dani Rodrik

831: Privatization, Public Deficit Finance, and Investment in Infrastructure

Nicos Christodoulakis and Yannis Katsoulacos

830: Economic Growth, Environmental Issues and Trade

Kym Anderson

829: Implications of EC Expansion for European Agricultural Policies, Trade and Welfare

Kym Anderson and Rodney Tyers

828: Welfare Effects of `1992': A General Equilibrium Assessment for EC and EFTA Countries

Jan I. Haaland

827: Protection for Sale

Gene Grossman and Elhanan Helpman

826: Key Elements of the Reform of the Hungarian Banking System: Privatization and Portfolio Cleaning

Eva Várhegyi

825: EC Imports from Eastern Europe: Iron and Steel

Zhen Kun Wang and L. Winters

824: A Payments Mechanism for the Former Soviet Union: Is the EPU a Relevant Precedent?

Barry Eichengreen

823: Informational Overshooting, Booms and Crashes

Joseph Zeira

822: Developing Countries and the Uruguay Round Negotiations on Services

Bernard Hoekman

821: Rules of Origin for Goods and Services: Conceptual Issues and Economic Considerations

Bernard Hoekman

820: Galton's Fallacy and Tests of the Convergence Hypothesis

Danny Quah

819: The Contribution of Human Capital Formation to Post-War Economic Growth in Ireland

Brendan Walsh

818: Reflections on the Emergence of a Single Market for Bank Reserves in a European Monetary Union

Jacques Melitz

816: Economic Transformation and the Reform of the Financial System in Central and Eastern Europe

Istvan P Szekely

815: Heterogeneity, Stratification and Growth

Roland Benabou

814: Domestic and Trade Policy for Central and East European Agriculture

Larry Karp and Spiro Stefanou

813: The European Satellite Industry: Prospects for Liberalization

Damien Neven, Lars-Hendrik Röller and Leonard Waverman

812: The Endogeneity of Exchange Rate Regimes

Barry Eichengreen

811: Markups in the Labour and Product Markets and the Relative Performance of Industry and Services: Italy 1951-90

Giorgio Brunello

810: Exchange Rate Regimes and Trade Prices: Does the EMS Matter?

Andre Sapir and Khalid Sekkat

809: Comparisons of Business Cycles in Greece and the EC: Idiosyncracies and Regularities

Nicos Christodoulakis, Sophia Dimelis and Tryphon Kollintzas

808: Trends and Cycles in Labour Productivity in the Major OECD Countries

Giuseppe Nicoletti and Lucrezia Reichlin

807: Provision of Public Inputs and the Effects of Successful Lobbying in Open Economies

Michael Rauscher

806: Trade Wars and Trade Talks

Gene Grossman and Elhanan Helpman

805: An Equilibrium Theory of Rationing

Richard Gilbert and Paul Klemperer

804: Financial Openness and the Effectiveness of Capital Controls in Greece

Nicos Christodoulakis and Nikos Karamouzis

803: On the Political Economy of Labour Market Flexibility

Gilles Saint-Paul

802: Equilibrium Locations of Vertically Linked Industries

Anthony Venables

801: Unemployment, Real Wages and Union Membership

Christoph Schmidt and Klaus Zimmermann

800: Modelling Exits from Unemployment in Eastern Germany: A Matching Function Approach

Michael Burda

794: Convergence in Growth Rates: A Quantitative Assessment of the Role of Capital Mobility and International Taxation

Assaf Razin and Chi-Wa Yuen

793: The Political Economy of Capital Controls

Alberto Alesina, Vittorio Grilli and Gian Maria Milesi-Ferretti

792: On the Feasibility of a One- or Multi-Speed European Monetary Union

Alberto Alesina and Vittorio Grilli

791: Public Debt in the USA: How Much, How Bad and Who Pays?

Willem Buiter

790: The Determinants of Realignment Expectations Under the EMS - Some Empirical Regularities

Zhaohui Chen and Alberto Giovannini

789: Lobbying Incentives and the Pattern of Protection in Rich and Poor Countries

Kym Anderson

788: Liquidity Effects and the Determinants of Short-term Interest Rates in Italy (1991-92)

Ignazio Angeloni and Alessandro Prati

787: Signalling Debt Sustainability

Francesco Drudi and Alessandro Prati

786: Domestic Distortions and International Trade

James Anderson and J. Peter Neary

785: Green Policies in a Small Open Economy

Lans Bovenberg and Frederick (Rick) van der Ploeg

784: The Output Decline in Central and Eastern Europe: A Classical Explanation

Peter Bofinger

783: Revenue-sharing Subsidies as Employment Policy: Reducing the Cost of Stimulating East German Employment

Dennis Snower

782: Detrending and Business Cycle Facts

Fabio Canova

781: Sources and Propagation of International Business Cycles: Common Shocks or Transmission?

Fabio Canova

780: Two Notes on Economic Growth and the Solow Model

Daniel Cohen

779: Trade as an Engine of Political Change. A Parable

Alessandra Casella

778: Growth and External Debt

Daniel Cohen

777: German and American Wage and Price Dynamics: Differences and Common Themes

Wolfgang Franz and Robert Gordon

776: Competition Through Fares and Fare Accesses on the Air Transport Market

Martino Ajmone Marsan and Fiorella Kostoris Padoa Schioppa

775: Diffusion of Technical Change and the Decomposition of Output into Trend and Cycle

Marco Lippi and Lucrezia Reichlin

774: The Political Economy of the Exchange Rate Mechanism

A. Patrick Minford

773: The Term Structure of Forward Exchange Premia and the Forecastability of Spot Exchange Rates: Correcting the Errors

Richard Clarida and Mark Taylor

772: Factors and Effects of Trade Reorientation in Hungary

László Halpern

771: A Model of UK Emigration, 1870-1913

Timothy Hatton

770: The Economics of the International Arms Trade

Paul Levine, Somnath Sen and Ronald Smith

769: Migration Theory and Evidence: An Assessment

Subrata Ghatak and Paul Levine

768: Optimal Tax Policy, Government Myopia and Insolvency

Paul Levine and Joseph Pearlman

767: Time-inconsistency, Democracy and Optimal Contingent Rules

A. Patrick Minford

766: International Trade, Factor Mobility and Trade Costs

Victor D Norman and Anthony Venables

765: The Hazards of Doing a PhD: An Analysis of Completion and Withdrawal Rates of British PhDs in the 1980s

Alison Booth and Stephen E Satchell

764: The Determinants of East-West German Migration: Some First Results

Michael Burda

763: The Earnings Dynamics of Immigrant Labour

Christoph Schmidt

762: Apprenticeships and Job Tenure: A Competing Risks Model with Time-varying Covariates

Alison Booth and Stephen E Satchell

761: Delegation in International Monetary Policy Games

Juan Dolado, Mark Griffiths and Atilano Jorge Padilla

760: Convergence in Growth Rates: The Role of Capital Mobility and International Taxation

Assaf Razin and Chi-Wa Yuen

759: Currency Substitution

Alberto Giovannini and Bart Turtelboom

758: Macroeconomic Equilibrium and Reform in a Transitional Economy

Huw Dixon

757: Other People's Money: The Microfoundations of Optimal Currency Areas

A. Patrick Minford

756: Information, Forecasts and Measurement of the Business Cycle

George Evans and Lucrezia Reichlin

754: Who Are the Insiders? Wage Setting in Spanish Manufacturing Firms

Samuel Bentolila and Juan Dolado

753: Asymmetry in the ERM: A Case Study of French and German Interest Rates Since Basel-Nyborg

Edward H Gardner and William Perraudin

752: Central Banking as a Political Principal-Agent Problem

Michele Fratianni, Juergen von Hagen and Christopher Waller

751: Multiple Equilibria in a Growth Model with Monopolistic Competition

Jordi Galí

750: `Excessive Deficits': Sense and Nonsense in the Treaty of Maastricht

Willem Buiter, Giancarlo Corsetti and Nouriel Roubini

749: Regional Versus Multilateral Liberalization of Trade in Services

Bernard Hoekman

748: Holes and Loopholes in Integration Agreements: History and Prospects

Bernard Hoekman and Michael P Leidy

747: What to Expect from Regional and Multilateral Trade Negotiations: A Public Choice Perspective

Bernard Hoekman and Michael P Leidy

746: Unemployment, Labour Market Institutions and Structural Change in Eastern Europe

Michael Burda

745: Environmental Policy, Public Finance and the Labour Market in a Second-best World

Lans Bovenberg and Frederick (Rick) van der Ploeg

744: Country Characteristics and the Choice of the Exchange Rate Regime: Are Mini-skirts Followed by Maxis?

Seppo Honkapohja and Pentti Pikkarainen

743: Privatization, Risk-Taking, and the Communist Firm

Dominique Demougin and Hans-Werner Sinn

742: Why Exchange Rate Bands? Monetary Independence in Spite of Fixed Exchange Rates

Lars Svensson

741: Does Inequality Cause Inflation? The Political Economy of Inflation, Taxation and Government Debt

Roel Beetsma and Frederick (Rick) van der Ploeg

740: Market Stabilization and the Reform of the Common Agricultural Policy

Ronald W. Anderson

739: Illusive Persistence in German Unemployment

Rolf Tschernig and Klaus Zimmermann

738: Enterprise Reform in Eastern Europe

Sweder van Wijnbergen

737: The Advantage to Hiding One's Hand: Speculation and Central Bank Intervention in the Foreign Exchange Market

Utpal Bhattacharya and Paul Weller

736: The Competitiveness of Hungarian Industry

Paul Hare, Gordon Hughes, Thomas Michael and Tamas Revesz

735: Instability of the Velocity of Money: A New Approach Based on the Evolutionary Spectrum

Michael Artis, Robin Bladen-Hovell and Dilip M Nachane

734: After the Honeymoon: On the Economics and the Politics of Economic Transformation

Charles Wyplosz

733: Commodity Tax Competition Under Destination and Origin Principles

Ben Lockwood

732: Inefficient Diversification in Multimarket Oligopoly with Diseconomies of Scope

Huw Dixon

731: Who Benefits from Antidumping Legislation?

Nicolas Schmitt and Jacques Thisse

730: Eastern Germany Since Unification: Wage Subsidies Remain a Better Way

David Begg and Richard Portes

729: Macroeconomic Adjustment Under Bretton Woods and the Post-Bretton-Woods Float: An Impulse-Response Analysis

Tamim Bayoumi and Barry Eichengreen