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.

526: The Measurement of Policy Effects in a Non-Causal Model: An Application to Economic Policy in the UK, 1974-79

Michael Artis, Robin Bladen-Hovell and Yue Ma

525: Environmental Innovation Policy and International Competition

Carlo Carraro and Domenico Siniscalco

524: The Nordic EFTA Countries' Options: Seeking Community Membership or a Permanent EEA-Accord

Carl B Hamilton

523: Segmented Labor Markets and Unemployment

Assar Lindbeck and Dennis Snower

522: Exchange Rate Dynamics Under Stochastic Regime Shifts: A Unified Approach

Kenneth Froot and Maurice Obstfeld

521: Spain's Industrial Exports to the EEC: A Panel Data Approach

Carmela Martín and Lourdes Moreno

520: German Reunification and Exchange Rate Policy in the EMS

Jacques Melitz

519: Dynamic Seigniorage Theory: An Exploration

Maurice Obstfeld

518: Destabilizing Effects of Exchange-Rate Escape Clauses

Maurice Obstfeld

517: Adjustment Difficulties within a European Monetary Union: Can They be Reduced?

Andrew Hughes Hallett and David Vines

516: Fiscal Rules in the European Monetary Union: A No-Entry Clause

Alberto Giovannini and Luigi Spaventa

515: Should Rules be Simple?

Paul Levine

514: Does Commitment Matter in Trade Policy?

Robert Staiger and Guido Tabellini

513: Stochastic Devaluation Risk and the Empirical Fit of Target Zone Models

Giuseppe Bertola and Lars Svensson

512: The Political Economy of the Hard-ECU Proposal

Peter Bofinger

511: Public Goods in Trade: On the Formation of Markets and Political Jurisdictions

Alessandra Casella and Jonathan Feinstein

510: Intertemporal Speculation, Shortages and the Political Economy of Price Reform: A Case Against Gradualism

Sweder van Wijnbergen

509: Monetary Policy in France

Jacques Melitz

508: The Quality of Production of Textiles and Clothing and the Completion of the Internal Market

Riccardo Faini and Alberto Heimler

507: Currency Substitution and Vehicle Currencies: Tests of Alternative Hypotheses for the Dollar, DM and Yen

Stephen H Thomas and Michael Wickens

506: A Monopoly Union Model of Wage Determination with Taxes and Endogenous Capital Stock: An Empirical Application to the Finnish Manufacturing Industry

Pasi Holm, Seppo Honkapohja and Erkki Koskela

505: Macroeconomic Policy, External Targets and Constraints: The Case of Spain

Juan Dolado and José Viñals

504: Sustainable Intervention Policies and Exchange Rate Dynamics

Giuseppe Bertola and Ricardo Caballero

503: Monetary Accommodation, Exchange Rate Regimes and Inflation Persistence

George Alogoskoufis

502: The European Monetary System: Achievements and Survival

Andrew Hughes Hallett, A. Patrick Minford and Anupam Rastogi

501: The Politics of 1992: Fiscal Policy and European Integration

Torsten Persson and Guido Tabellini

500: The Transition to Convertibility in Eastern Europe and the USSR

Richard Portes

499: The Fallacy of Composition Argument: Does Demand Matter for LDC Manufactured Exports?

Riccardo Faini

498: The Structure of Services in Europe: A Conceptual Framework

Andre Sapir

497: Banks, Finance and Investment in West Germany since 1970

Jeremy Edwards

496: On Budgetary Policies and Economic Growth

George Alogoskoufis and Frederick (Rick) van der Ploeg

495: The Term Structure of Interest Rate Differentials in a Target Zone: Theory and Swedish Data

Lars Svensson

494: The Foreign Exchange Risk Premium in a Target Zone with Devaluation Risk

Lars Svensson

493: The Simplest Test of Target Zone Credibility

Lars Svensson

492: Budgetary Aspects of Economic and Monetary Integration in Europe

Frederick (Rick) van der Ploeg

491: Channels of International Policy Transmission

Frederick (Rick) van der Ploeg

490: On Public Debt Stabilizations in an Interdependent World

George Alogoskoufis

489: Government Revenue from Financial Repression

Alberto Giovannini

488: Monetary Union and Fiscal Policy Discipline

Charles Wyplosz

487: Innovation and Export Volumes and Prices: A Disaggregated Study

Christine Greenhalgh and Paul Taylor

486: Pricing and Product Market Structure in Open Economies: An Empirical Test

George Alogoskoufis, Christopher Martin and Nikitas Pittis

485: Exchange Rate Dynamics and Currency Unification: The Ostmark-DM Rate

Michael Burda and Stefan Gerlach

484: Did Joseph Arch Raise Agricultural Wages? Rural Trade Unions and the Labour Market in Late-Nineteenth Century England

George Boyer and Timothy Hatton

483: Unemployment through `Learning from Experience'

Steve Alpern and Dennis Snower

482: Are the Costs of Cleaning Up Eastern Europe Exaggerated? Economic Reform and the Environment

Gordon Hughes

481: Market Solutions to the Problem of Stabilising Commodity Earnings

Andrew Hughes Hallett and Prathap Ramanujam

480: The `Walters' Critique of the EMS: A Case of Inconsistent Expectations

Marcus Miller and Alan Sutherland

479: Rational Speculative Bubbles in an Exchange Rate Target Zone

Willem Buiter and Paolo Pesenti

478: Is Europe an Optimum Currency Area?

Barry Eichengreen

477: Spain's Capital Account Shock

José Viñals

476: Consumption, Product Growth and the Interest Rate

Orazio Attanasio and Guglielmo Weber

475: European Community External Protection and `1992': Voluntary Export Restraints Applied to Pacific Asia

Carl B Hamilton

474: Competition and Imports in the European Market

Alexis Jacquemin and Andre Sapir

473: The Hyperinflation Model of Money Demand Revisited

Mark Taylor

472: European Monetary Union or Hard EMS?

David Currie, Paul Levine and Joseph Pearlman

471: External Economies and European Integration: The Potential for Self-fulfilling Expectations

Richard Baldwin and Richard Lyons

470: Political Cycles in OECD Economies

Alberto Alesina and Nouriel Roubini

469: External Constraints on European Unemployment

George Alogoskoufis and Christopher Martin

468: Fiscal Deficits, Seigniorage and External Debt: The Case of Greece

George Alogoskoufis and Nicos Christodoulakis

467: Savings, Investment, Government Finance and the Current Account: The Dutch Experience

Hugo Keuzenkamp and Frederick (Rick) van der Ploeg

466: A Chaotic Monetary Model of the Exchange Rate

Paul De Grauwe and Hans Dewachter

465: Britain's Return to Gold and Entry into the EMS: Expectations, Joining Conditions and Credibility

Marcus Miller and Alan Sutherland

464: Monetary Overhang and Reforms in the 1940s

Rüdiger Dornbusch and Holger C Wolf

463: Undesirable Redistributions in the Retirement-Public Pension Schemes: The Italian Case Study

Fiorella Kostoris Padoa Schioppa

462: `Secret' Buy-backs of LDC Debt

Daniel Cohen and Thierry Verdier

461: Slow Growth and Large LDC Debt in the Eighties: An Empirical Analysis

Daniel Cohen

460: A Valuation Formula for LDC Debt

Daniel Cohen

459: The Price of LDC Debt

Daniel Cohen and Richard Portes

458: A Multilateral Payments Union for Eastern Europe?

Peter Bofinger

457: The Roles of Monetary Policy in the Process of Economic Reform in Eastern Europe

Peter Bofinger

456: Policies to Move from Stabilization to Growth

Rüdiger Dornbusch

455: Experiences with Extreme Monetary Instability

Rüdiger Dornbusch

454: Credibility and Stabilization

Rüdiger Dornbusch

453: Costs and Benefits of Monetary Union

Barry Eichengreen

452: Relaxing the External Constraint: Europe in the 1930s

Barry Eichengreen

451: Trends and Cycles in Foreign Lending

Barry Eichengreen

450: Why Industrial Policies Fail: Limited Commitment

Larry Karp and Jeffrey Perloff

449: The Consequences of German Economic and Monetary Union

Michael Burda

448: EMU and Asymmetries and Adjustment Problems in the EMS

Axel A Weber

447: Trade Policies and Development: Some New Issues

Dani Rodrik

446: Product Line Competition and Shopping Costs: Why Firms May Choose to Compete Head-to-Head

Paul Klemperer

445: ECU Interest Rates and ECU Basket Adjustments: An Arbitrage Pricing Approach

Martin Klein

444: Exchange Rates, Policy Convergence and the European Monetary System

Ronald MacDonald and Mark Taylor

442: Acid Rain

David M Newbery

441: Trade Reform, Policy Uncertainty and the Current Account: A Non-Expected Utility Approach

Sweder van Wijnbergen

440: Price and Trade Effects of Exchange Rate Fluctuations and the Design of Policy Coordinaton

Daniel Cohen and Charles Wyplosz

439: Gross Labour Market Flows in Europe: Some Stylized Facts

Michael Burda and Charles Wyplosz

438: Perceived Constraints for Dutch Unemployment Policy

Hugo Keuzenkamp and Frederick (Rick) van der Ploeg

437: National Insolvency: A Test of the US Intertemporal Budget Constraint

Merih Uctum and Michael Wickens

436: Multi-Period Competition with Switching Costs

Alan Beggs and Paul Klemperer

435: Industrial Policy in the Presence of Wage Distortion: The Case of the US Auto and Steel Industries

Jaime de Melo and David Tarr

434: Worker Absenteeism: An Analysis Using Microdata

Tim Barmby, Chris Orme and John Treble

433: Banks and Securities Markets: Corporate Financing in Germany and the UK

Ian Alexander and Colin Mayer

432: Economic Change in Poland

Olivier Blanchard and Richard Layard

431: A Model of Currency Depreciation and the Debt-Inflation Spiral

Maurice Obstfeld

430: The Term Structure of Interest Rates, Structural Stability and Macroeconomic Policy Changes in the UK

Edward Driffill

429: European Financial Integration: A Framework for Policy Analysis

Colin Mayer and Damien Neven

428: Portuguese Industry and the Effect of EC Membership

Cristina Corado

427: Initial Public Offerings in the UK, USA and Japan

Tim Jenkinson

426: The Empirical Modelling of NIE Exports: An Evaluation of Different Approaches

Vito Muscatelli, T G Srinivasan and David Vines