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.

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

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

Barry Eichengreen and Tamim Bayoumi

642: Privatization in Hungary: Past, Present and Future

Konstantine Gatsios

641: Towards a European Migration Policy

Klaus Zimmermann and Thomas Straubhaar

640: Incentives and the Management of Enterprises in Economic Transition: Capital Markets Are Not Enough

Paul Seabright and Ken Mayhew

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

Paul Levine and Andrew Brociner

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

Neil Rankin and Huw Dixon

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

Michael Moore

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

Barry Eichengreen and James DeLong

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 Dolado, Juan Ayuso and Simon Sosvilla-Rivero

626: The `Big Bang' Versus `Slow but Steady': A Comparison of the Hungarian and the Polish Transformations

Istvan Abel and John Bonin

625: Debt Service, Foreign Direct Investment and Transformation to Market: A Simple Model

Istvan Abel and John Bonin

624: Transition Problems in Economic Reform: Agriculture in the Mexico-US Free Trade Agreement

Sweder van Wijnbergen and Santiago Levy

623: East Germany, West Germany, and their Mezzogiorno Problem: An Empirical Investigation

Yue Ma and Andrew Hughes Hallett

622: Polish Agriculture in Transition: Does it Hurt to be Slapped by an Invisible Hand?

Larry Karp and Spiro Stefanou

621: Psychological Barriers in the Foreign Exchange Market

Paul De Grauwe and Danny Decupere

620: Export Supply and Import Demand in Hungary (An Econometric Analysis for 1968-1989)

László Halpern and Székely, István P.

619: Household Portfolios in Hungary, 1970-1990

Székely, István P. and Istvan Abel

618: From EMS to EMU

Michele Fratianni, Juergen von Hagen and Christopher Waller

617: Common Currency Areas and Currency Unions: An Analysis of the Issues

Mark Taylor and Paul Masson

616: Monetary Policy in Stage Two of EMU

Thomas O'Connell and Michael Moore

615: Labour Mobility and German Integration: Some Vignettes

Charles Wyplosz and Michael Burda

614: Human Capital, Investment and Migration in an Integrated Europe

Charles Wyplosz and Michael Burda

613: Education, Democracy and Growth

Gilles Saint-Paul and Thierry Verdier

612: Privatization in Eastern Europe: Irreversibility and Critical Mass Effects

Gérard Roland and Thierry Verdier

611: Time Varying Devaluation Risk, Interest Rate Differentials and Exchange Rates in Target Zones: Empirical Evidence from the EMS

Axel A. Weber

610: The Trading Potential of Eastern Europe

L. Winters and Zhen Kun Wang

609: Monopoly, Tying and Reciprocity: An Application to International Trade

Dalia Marin

608: Macroeconomic Policy and Elections in OECD Democracies

Alberto Alesina, Nouriel Roubini and Gerald D Cohen

607: Investigating Private and Public Savings-Investment Gaps in EC Countries

Viñals, José, Juan Dolado and Fernando Carlos Ballabriga

606: Saving and Endogenous Growth: A Survey of Theory and Policy

Willem Buiter

605: A Customs Union with a Continuum of Products

Anthony Venables

604: Options for a New Monetary Framework for the Area of the Soviet Union

Peter Bofinger

603: Financial Reform in Eastern Europe: Progress With the Wrong Model

Jenny Corbett and Colin Mayer

602: The Optimality of Nominal Wage Contracts

Guido Tabellini and Scott Freeman

601: Labour Turnover Costs and Average Labour Demand

Giuseppe Bertola

600: Child Care and Mothers' Lifetime Earnings: Some European Contrasts

, and Hugh Davies