CEPR Discussion Papers

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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

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

Erno Zalai and Tamas Revesz

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

Flavio Delbono, Giorgio Basevi and Marco Mariotti

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

Sweder van Wijnbergen and Antonio Estache

683: A New Approach to Evaluating Trade Policy

J. Peter Neary and James Anderson

682: Tax Smoothing Discretion Versus Balanced Budget Rules in the Presence of Politically Motivated Fiscal Deficits: The Design of O

Nouriel Roubini and Giancarlo Corsetti

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

Fulvio Ingrosso, Riccardo Faini and Curzio Giannini

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

Dalia Marin

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

Alasdair Smith, Anthony Venables and Michael Gasiorek

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

David Vines, Vito Muscatelli and T. G. Srinivasan

670: The High Unemployment Trap

Gilles Saint-Paul

669: Global Production Effects of European Integration

Victor D Norman and Jan I. Haaland

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 and Paul Milgrom

664: Market Concentration and Competition in Eastern Europe

David M Newbery and Paul Kattuman

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

Robert Gordon

662: Saving, Growth and Liquidity Constraints

Marco Pagano and Tullio Jappelli

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 CzechoslovakiaHungary-Poland: consequences for the Polish Economy

Marian Guzek, Jozef Biskup 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

A. Patrick Minford, Andrew Hughes Hallett 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

Gordon Hughes and Paul Hare

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

Paul Levine and Subrata Ghatak

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

Barry Eichengreen and Tamim Bayoumi