CEPR Discussion Papers

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903: Labour Market Structure, Conservative Bankers and the Feasibility of Monetary Union

Paul Levine and Joseph Pearlman

902: International Capital Mobility in the 1990s

Maurice Obstfeld

901: Economic Growth and the Swedish Model

Lars Jonung, Magnus Henrekson and Joakim Stymne

900: Taking Trade Policy Seriously: Export Subsidization as a Case Study in Policy Effectiveness

Dani Rodrik

899: On the Optimal Structure of Local Governments

Jacques Thisse, David Pines and Oded Hochman

898: On the Role of Banks in Enterprise Restructuring: The Polish Example

Sweder van Wijnbergen

897: The EC and World Protectionism: Dimensions of the Political Economy

L. Winters

896: West German Growth and Institutions, 1945-90

Wendy Carlin

895: Comparative Productivity in East and West German Manufacturing Before Reunification

Bart van Ark

894: Interest Associations and Economic Growth. A Critique of Mancur Olson's `Rise and Decline of Nations'

Frans van Waarden and Brigitte Unger

893: Dynamic Behaviour of Wages and Employment: A Bargaining Model Introducing Adjustment Costs

Leonor Modesto

892: Privatization and Deindustrialization in East Germany

Wendy Carlin

891: Large Shareholders, Private Benefits of Control and Optimal Schemes for Privatization

Francesca Cornelli and David Li

890: Nominal Rigidity and Monetary Uncertainty

Neil Rankin

889: Accountability and Decentralization in Government: An Incomplete Contracts Model

Paul Seabright

888: Income Risk, Borrowing Constraints and Portfolio Choice

Luigi Guiso, Tullio Jappelli and Daniele Terlizzese

887: Public Investment and Welfare: Theory and Empirical Implications

Tullio Jappelli and Andrea Ripa di Meana

886: Integration, Specialization and Adjustment

Anthony Venables and Paul Krugman

885: Fiscal Policy and Economic Growth: An Empirical Investigation

Sergio Rebelo and William Easterly

884: Union Membership and Wage Bargaining When Membership is Not Compulsory

Alison Booth and Monojit Chatterji

883: Why People Don't Find Work

Dennis Snower

882: Search, Concave Production, and Optimal Firm Size

Eric Smith

881: Getting a Fair Share of the Plunder? Technology, Skill and Wages in British Establishments

John van Reenen

880: Predicting Turning Points in the UK Inflation Cycle

Michael Artis

879: A Model of the ERM Crisis

Alan Sutherland and Gulcin Ozkan

878: The Economics of Bankruptcy and the Transition to a Market Economy

Konstantine Gatsios and Istvan Abel

877: Italy's Economic Performance 1945-92

Gianni Toniolo and Nicola Rossi

876: Competition, Competition Policy and the GATT

Petros C. Mavroidis

875: Immigration, Human Capital and Growth in the Host Country: Evidence from Pooled Country Data

Juan Dolado, Andrea Ichino and ,

874: Employment, Innovation and Union Bargaining Models: New Tests and Evidence from UK Manufacturing Firms

John van Reenen

873: One Business Cycle and One Trend from (Many) Many Disaggregates

Danny Quah

872: Fixed Exchange Rates as a Means to Price Stability: What Have We Learned?

Lars Svensson

871: Why Does the Self-Employment Rate Vary Across Countries and Over Time?

David Audretsch, David Evans and Zoltan Acs

870: Is Fixed Investment the Key to Economic Growth?

Robert Lipsey, Blomström, Magnus and Mario Zejan

869: Does a Tougher Environmental Policy Raise Unemployment? Optimal Taxation, Public Goods and Environmental Policy With Rationing

Frederick (Rick) van der Ploeg and Lans Bovenberg

868: Gross Worker and Job Flows in Europe

Charles Wyplosz and Michael Burda

867: Inequality and the Political Economy of Eurosclerosis

Paul Krugman

866: Computing Effective Tax Rates on Factor Incomes and Consumption: An International Macroeconomic Perspective

Assaf Razin, Enrique Mendoza and Linda Tesar

865: Innovation and R&D Spillovers

David Audretsch, Maryann P Feldman and Acs, Zoltán J

864: New-Firm Start-ups in Italy

David Audretsch and Marco Vivarelli

863: Eastern Germany: Can't We Be More Optimistic?

Michael Burda and Michael Funke

862: Do Low-Income Countries Have a High-Wage Option?

Dani Rodrik

861: Growth in a Dual Economy

Blomström, Magnus and Edward Wolff

860: The Design of Reform Packages Under Uncertainty

Mathias Dewatripont and Gérard Roland

859: Skill Shortages, Productivity Growth and Wage Inflation in UK Manufacturing

Christopher Martin and Jonathan Haskel

858: Explaining Disparities in Unemployment Dynamics

Dennis Snower and Marika Karanassou

857: A Domino Theory of Regionalism

Richard Baldwin

856: Phasing in and Phasing Out Protectionism with Costly Adjustment of Labour

Larry Karp and Thierry Paul

855: Retirement of Spouses and Social Security Reform

Rudolf Winter-Ebmer, Josef Falkinger and Josef Zweimueller

854: The Impact of Emigration on Real Wages in Ireland 1850-1914

Timothy Hatton, George Boyer and Kevin O'Rourke

853: The Potential for Trade Between the Countries of EFTA and Central and Eastern Europe

Richard Baldwin

852: European Exchange Rate Credibility Before the Fall

Lars Svensson and Andrew Rose

851: Native Wage Impacts of Foreign Labour: A Random Effects Panel Analysis

Klaus Zimmermann

850: On the Historical Continuity of the Process of Economic Growth

Theo van de Klundert and Ton Schaik

849: US-EC Farm Trade Confrontation: An Outsider's View

Kym Anderson

848: Pollution and Growth: What Do We Know?

Gene Grossman

847: The Theory of Optimum Currency Areas, Trade Adjustment and Trade

Jacques Melitz

846: Revisiting Dynamic Duopoly with Consumer Switching Costs

Jorge Padilla

845: The European Monetary System and the Theory of Target Zones

Patrick Honohan

844: How are Product Demand Changes Transmitted to the Labour Market?

Dennis Snower and Assar Lindbeck

843: Layoffs with Payoffs: A Bargaining Model of Union Wage and Severance Pay Determination

Alison Booth

842: The Political Economy of Monetary Union in Europe

Paul De Grauwe

841: Constraints on Enterprise Liquidity and their Impact on the Monetary Sector in Formerly Centrally Planned Economies

Istvan Abel and Pierre Siklos

840: International R&D Spillovers

Elhanan Helpman and David Coe

839: The Distributional Consequences of Russia's Transition

Chris Doyle

838: Fixing Exchange Rates: A Virtual Quest for Fundamentals

Robert Flood and Andrew Rose

837: Trade Blocs, Currency Blocs and the Disintegration of World Trade in the 1930s

Barry Eichengreen and Douglas Irwin

836: Liberalizing EC Imports of Footwear from Eastern Europe

L. Winters and Zhen Kun Wang

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

Paul Klemperer and 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

Rodney Tyers and Kym Anderson

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

Jan I. Haaland

827: Protection for Sale

Elhanan Helpman and Gene Grossman

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

Várhegyi, Eva

825: EC Imports from Eastern Europe: Iron and Steel

L. Winters and Zhen Kun Wang

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

817: The Unstable EMS

Charles Wyplosz and Barry Eichengreen

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

Székely, István P.

815: Heterogeneity, Stratification and Growth

Bénabou, Roland

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, Röller, Lars Hendrik 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

Lucrezia Reichlin and Giuseppe Nicoletti

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

Michael Rauscher

806: Trade Wars and Trade Talks

Elhanan Helpman and Gene Grossman

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