CEPR Discussion Papers

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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

Klaus Zimmermann and Christoph Schmidt

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

Michael Burda

799: Real and Monetary Aspects of French Exchange Rate Policy Under the Fourth Republic

Gilles Saint-Paul

798: Foreign Direct Investment in the European Community: Some Policy Issues

Damien Neven and Georges Siotis

797: The Dynamic-Optimizing Approach to the Current Account: Theory and Evidence

Assaf Razin

796: International Migration, Capital Mobility and Transitional Dynamics

Anthony Venables and Richard Baldwin

795: History, Geography and Regional Economic Integration

Kym Anderson

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

Alberto Giovannini and Zhaohui Chen

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

Alessandro Prati and Francesco Drudi

786: Domestic Distortions and International Trade

J. Peter Neary and James Anderson

785: Green Policies in a Small Open Economy

Frederick (Rick) van der Ploeg and Lans Bovenberg

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

Robert Gordon and Wolfgang Franz

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

Fiorella Kostoris Padoa Schioppa and Martino Ajmone Marsan

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

Mark Taylor and Richard Clarida

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, Ronald Smith and Somnath Sen

769: Migration Theory and Evidence: An Assessment

Paul Levine and Subrata Ghatak

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

Anthony Venables and Victor D Norman

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

Jorge Padilla, Juan Dolado and Mark Griffiths

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

Lucrezia Reichlin and George Evans

755: The European Community: A Case of Successful Integration?

L Alan Winters

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

Juan Dolado and Samuel Bentolila

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

William Perraudin and Edward H Gardner

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

Galí, Jordi

749: Regional Versus Multilateral Liberalization of Trade in Services

Bernard Hoekman

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

Michael P Leidy

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

Michael P Leidy and Bernard Hoekman

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

Michael Burda

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

Hans-Werner Sinn and Dominique Demougin

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

Frederick (Rick) van der Ploeg and Roel Beetsma

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

Ronald Anderson

739: Illusive Persistence in German Unemployment

Klaus Zimmermann and ,

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

Paul Weller and Utpal Bhattacharya

736: The Competitiveness of Hungarian Industry

Gordon Hughes, Paul Hare, Tamas Revesz and Thomas Michael

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

Michael Artis, Dilip M Nachane and Robin Bladen-Hovell

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?

Jacques Thisse and Nicolas Schmitt

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

Barry Eichengreen and Tamim Bayoumi

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

Torsten Persson and Guido Tabellini

727: Mass Migration, Unions, and Fiscal Migration Policy

Klaus Zimmermann, Christoph Schmidt and Anette Gehrig

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

Frederick (Rick) van der Ploeg and Roel Beetsma

724: The Implications of Space for Competition

Jacques Thisse and Suzanne Scotchmer

723: Unemployment, Consumption and Growth

Charles Bean and Christopher Pissarides

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?

Marcus Miller and Paul Krugman

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

L. Winters and Paul Brenton

716: A Primer on the MFA Maze

Riccardo Faini and Jaime de Melo

715: The New Regionalism: A Country Perspective

Jaime de Melo, Dani Rodrik and Arvind Panagariya

714: Endogenous Growth, Human Capital, and Industry Wages

Rudolf Winter-Ebmer

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

Xavier Vives and Ramon Caminal

712: The Union Wage Effect in Late Nineteenth Century Britain

Timothy Hatton, George Boyer and Roy Bailey

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

Mark Taylor and Tamim Bayoumi

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

Klaus Zimmermann and Rainer Winkelmann

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)

Damien Neven and Jordi Gual

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

Paul Levine and Ali al-Nowaihi

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

Colin Mayer and Wendy Carlin