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.

728: Federal Fiscal Constitutions. Part I: Risk Sharing and Moral Hazard

Torsten Persson and Guido Tabellini

727: Mass Migration, Unions, and Fiscal Migration Policy

Anette Gehrig, Christoph Schmidt and Klaus Zimmermann

726: A Simple Model of Money and Taxes and an Illustration with Brazilian Data

Alberto Giovannini and Bart Turtelboom

725: Exchange Rate Bands and Optimal Monetary Accommodation Under a Dirty Float

Roel Beetsma and Frederick (Rick) van der Ploeg

724: The Implications of Space for Competition

Suzanne Scotchmer and Jacques Thisse

722: Economic and Monetary Union in Europe

Charles Bean

721: Arbitration in International Trade

Alessandra Casella

720: Understanding the High Interest Rates on Italian Government Securities

Alberto Giovannini and Gustavo Piga

719: Monetary Union, Money Demand and Money Supply: A Review of the German Monetary Union

Juergen von Hagen

718: Why Have a Target Zone?

Paul Krugman and Marcus Miller

717: Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992'

Paul Brenton and L. Winters

716: A Primer on the MFA Maze

Jaime de Melo and Riccardo Faini

715: The New Regionalism: A Country Perspective

Jaime de Melo, Arvind Panagariya and Dani Rodrik

714: Endogenous Growth, Human Capital, and Industry Wages

Rudolf Winter-Ebmer

713: Why Do Market Shares Matter?: An Information-Based Theory

Ramon Caminal and Xavier Vives

712: The Union Wage Effect in Late Nineteenth Century Britain

Roy Bailey, George Boyer and Timothy Hatton

711: Macroeconomic Shocks, the ERM, and Tri-Polarity

Tamim Bayoumi and Mark Taylor

710: Was the Thatcher Experiment Worth it? British Economic Growth in a European Context

Nicholas Crafts

709: Productivity Growth and the Structure of the Business Cycle

Gilles Saint-Paul

708: Manufacturing and the Convergence Hypothesis: What the Long Run Data Show

Stephen Broadberry

707: Macroeconomic Import Functions with Imperfect Competition. An Application to the EC Trade

Joaquim Oliveira-Martins and Joel Toujas-Bernate

706: Ageing, Migration and Labour Mobility

Rainer Winkelmann and Klaus Zimmermann

705: Making Sense of the Soviet Trade Shock in Eastern Europe: A Framework and Some Estimates

Dani Rodrik

704: Competition When Consumers Have Switching Costs: An Overview

Paul Klemperer

703: Deregulation of the European Banking Industry (1980-1991)

Jordi Gual and Damien Neven

702: Monetary Policy and Reputational Equilibria: A Resolution of the Non-Uniqueness Problem

Ali al-Nowaihi and Paul Levine

701: Fiscal and Monetary Policy Under EMU: Credible Inflation Targets or Unpleasant Monetary Arithmetic?

Paul Levine and Joseph Pearlman

700: Restructuring Enterprises in Eastern Europe

Wendy Carlin and Colin Mayer

699: Earnings Uncertainty and Precautionary Saving

Luigi Guiso, Tullio Jappelli and Daniele Terlizzese

698: Target Zone Models with Price Inertia: Some Testable Implications

Alan Sutherland

697: National Insurance Against Unevenly Distributed Shocks in a European Monetary Union

Jacques Melitz and Silvia Vori

696: Taxes and Subsidies in the Transforming Hungarian Economy

Tamas Revesz and Erno Zalai

695: Enterprise Debt and Economic Transformation: Financial Restructuring of the State Sector in Central and Eastern Europe

David Begg and Richard Portes

694: Wage Bargaining Structure, Employment and Economic Integration

Jean-Pierre Danthine and Jennifer Hunt

693: Ageing and Unemployment

Christoph Schmidt

692: The Debt Crisis: A Post Mortem

Daniel Cohen

691: Tests of the `Convergence Hypothesis': A Critical Note

Daniel Cohen

690: A Model of Labour Demand with Linear Adjustment Costs

Samuel Bentolila and Gilles Saint-Paul

689: Are the Unemployed Unemployable?

Gilles Saint-Paul

688: Risk-Taking, Global Diversification, and Growth

Maurice Obstfeld

687: Foreign Direct Investment and Trade Interlinkages in the 1990s: Experience and Prospects of Developing Countries

Louka Tarsitsa Katseli

686: Some Lessons from Economic Transformation in East Germany

Peter Bofinger and Ivan Cernohorsky

685: Bargaining with a Composite Player: An Application to the Uruguay Round of GATT Negotiations

Giorgio Basevi, Flavio Delbono and Marco Mariotti

684: Evaluating the Minimum Asset Tax on Corporations: An Option Pricing Approach

Antonio Estache and Sweder van Wijnbergen

683: A New Approach to Evaluating Trade Policy

James Anderson and J. Peter Neary

682: Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of Optimal Fiscal Rules for Europe after 1992

Giancarlo Corsetti and Nouriel Roubini

681: Stylized Facts of Business Cycles in the G7 from a Real Business Cycles Perspective

Riccardo Fiorito and Tryphon Kollintzas

680: Government Solvency, Ponzi Finance and the Redundancy and Usefulness of Public Debt

Willem Buiter and Kenneth Kletzer

679: Integration, Trade Policy and European Footwear Trade

L. Winters

678: European Trade and Welfare after `1992'

L. Winters

677: The Integration of Financial Services and Economic Welfare after `1992'

Cillian Ryan

676: Foreign Trade in Eastern Europe's Transition: Early Results

Dani Rodrik

675: Pharmaceuticals - Who's Afraid of `1992'?

Gernot Klepper

674: Finance and Development: The Case of Southern Italy

Riccardo Faini, Curzio Giannini and Fulvio Ingrosso

673: Tying, Risk-Sharing, and `Lock-In': An Investigation of Countertrade Contracts

Dalia Marin

672: `1992': Trade and Welfare; A General Equilibrium Model

Michael Gasiorek, Alasdair Smith and Anthony Venables

671: Demand and Supply Factors in the Determination of NIE Exports: A Simultaneous Error-Correction Model for Hong Kong Exports

Vito Muscatelli, T G Srinivasan and David Vines

670: The High Unemployment Trap

Gilles Saint-Paul

669: Global Production Effects of European Integration

Jan I. Haaland and Victor D Norman

668: Should We Worry About the Fiscal Numerology of Maastricht?

Willem Buiter

667: Growth in Open Economies

Sergio Rebelo

666: Conceptual and Political Economy Issues in Liberalizing International Transactions in Services

Bernard Hoekman

665: Organizational Prospects, Influence Costs, and Ownership Changes

Margaret Meyer, Paul Milgrom and John Roberts

664: Market Concentration and Competition in Eastern Europe

Paul A Kattuman and David M Newbery

663: Measuring the Aggregate Price Level: Implications for Economic Performance and Policy

Robert Gordon

662: Saving, Growth and Liquidity Constraints

Tullio Jappelli and Marco Pagano

661: Bretton Woods and its Precursors: Rules versus Discretion in the History of International Monetary Regimes

Alberto Giovannini

660: Real Exchange Rates Within and Between Currency Areas: How Far Away is EMU?

Manfred J.M. Neumann and Juergen von Hagen

659: Creation of A Free Trade Area. Czechoslovakia - Hungary - Poland: Consequences for the Polish Economy

Józef Biskup, Marian Guzek and Elzbieta Kawecka-Wyrzykowska

658: Inflation Convergence During the Transition to EMU

Paul De Grauwe

657: Wage Inflation, Electoral Uncertainty and the Exchange Rate Regime: Theory and UK Evidence

George Alogoskoufis, Ben Lockwood and Apostolis Philippopoulos

656: The Price of EMU Revisited

Andrew Hughes Hallett, A. Patrick Minford and Anupam Rastogi

655: Market Socialism and the Managerial Labour Market

Gérard Roland and Khalid Sekkat

654: A Multilateral Payments Union for the Commonwealth of Independent States: Why and How?

Peter Bofinger and Daniel Gros

653: Industrial Policy and Restructuring in Eastern Europe

Paul Hare and Gordon Hughes

652: Trade Unions, Wages and Structural Adjustment in the New German States

Michael Burda and Michael Funke

651: Models of Economic Integration and Localized Growth

Giuseppe Bertola

650: Problems of Post-CMEA Trade and Payments

Dariusz Rosati

649: Counter-Inflationary Policy in the Framework of the EMS

Michael Artis

648: The Adjustment Mechanism

Maurice Obstfeld

647: The Adjustment Towards National Solvency in Developing Countries: An Application to India

Subrata Ghatak and Paul Levine

646: Is There a Conflict Between EC Enlargement and European Monetary Unification?

Tamim Bayoumi and Barry Eichengreen

645: How Long Do Unilateral Target Zones Last?

Bernard Dumas and Lars Svensson

644: Environmental Impacts of a North American Free Trade Agreement

Gene Grossman and Alan Krueger

643: Shocking Aspects of European Monetary Unification

Tamim Bayoumi and Barry Eichengreen

642: Privatization in Hungary: Past, Present and Future

Konstantine Gatsios

641: Towards a European Migration Policy

Thomas Straubhaar and Klaus Zimmermann

639: Fiscal Policy Coordination and EMU: A Dynamic Game Approach

Andrew Brociner and Paul Levine

638: The Marshall Plan: Economic Effects and Implications for Eastern Europe and the Former USSR

Barry Eichengreen and Marc Uzan

637: Biased Contests and Moral Hazard: Implications for Career Profiles

Margaret Meyer

636: Imperfect Competition and Macroeconomics: A Survey

Huw Dixon and Neil Rankin

635: Covered Purchasing Power Parity, Ex-Ante PPP and Risk Aversion

Michael Moore

634: The Marshall Plan: History's Most Successful Structural Adjustment Program

James DeLong and Barry Eichengreen

633: Distributional Conflicts, Power and Multiple Growth Paths

Gilles Saint-Paul and Thierry Verdier

632: Fiscal Federalism and Optimum Currency Areas: Evidence for Europe from the United States

Jeffrey Sachs and Xavier Sala-i-Martin

631: Fiscal Policies and the Choice of Exchange Rate Regime

Vittorio Grilli

630: Public Finance in Models of Economic Growth

Robert Barro and Xavier Sala-i-Martin

629: Monetary Policy in Stage Two of EMU: What Can We Learn From the 1980s?

Michael Artis

628: The Political Economy of Transition in the Soviet Union

Gérard Roland

627: Efficiency in the Peseta Forward Exchange Rate Market

Juan Ayuso, Juan Dolado and Simon Sosvilla-Rivero