CEPR Discussion Papers

From C.E.P.R. Discussion Papers
Centre for Economic Policy Research, 33 Great Sutton Street, London EC1V 0DX.
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16724: Search Direction: Position Externalities and Position Auction Bias

Simon Anderson and Renault, Régis

16723: Cultural and public services as factors of city resilience? Evidence from big plant closures and downsizing

Florian Mayneris, Kristian Behrens and Drabo, Manassé

16722: Rethinking Exchange Rate Regimes

Ethan Ilzetzki, Carmen Reinhart and Kenneth Rogoff

16721: Labor Unions and the Electoral Consequences of Trade Liberalization

Emanuel Ornelas, Pedro Ogeda and Rodrigo Soares

16720: Falling Interest Rates and Credit Reallocation: Lessons from General Equilibrium

Vladimir Asriyan, Luc Laeven, Martín, Alberto, Alejandro Van der Ghote and Victoria Vanasco

16719: Democracy, Growth, Heterogeneity, and Robustness

Markus Eberhardt

16718: Discrimination and State Capacity: Evidence from WWII U.S. Army Enlistment

Marco Tabellini and Nancy Qian

16717: Rounding the Corners of the Trilemma: A Simple Framework

Olivier Jeanne

16716: Lockdowns, Keyworkers and Covid-19 Infections and Mortality

Filipa Sã¡,

16715: On the Interaction between Patent Screening and its Enforcement

Gerard Llobet, Alvaro Parra and Javier Suarez

16714: A Theory of Socially-Inefficient Patent Holdout

Gerard Llobet and Jorge Padilla

16713: Who should bear the burden of COVID-19 related ï¬ scal pressure? An optimal income taxation perspective

Dominik Sachs, Mehmet Ayaz, Lea Fricke and Clemens Fuest

16712: Scrambling for Dollars: International Liquidity, Banks and Exchange Rates

Charles Engel, Javier Bianchi and Saki Bigio

16711: Informality and Financial Development: A Literature Reviews

Franziska Ohnsorge, Salvatore Capasso and Shu Yu

16710: The Effects of Forward Guidance: Theory with Measured Expectations

Mirko Wiederholt, Christopher Roth and Johannes Wohlfart

16709: Asylum Recognition Rates in Europe: Persecution, Policies and Performance

Timothy Hatton

16708: Demographic Transitions Across Time and Space

Fernández-Villaverde, Jesús, Matthew Delventhal and Nezih Guner

16707: Score Disclosure

Mikhail Drugov and ,

16706: Price Discrimination and Big Data: Evidence from a Mobile Puzzle Game

Alessandro Iaria, Louis Pape, Christian Helmers, Stefan Wagner and Julian Runge

16705: Assessing EU Merger Control through Compensating Efficiencies

Tomaso Duso, Pauline Affeldt, Klaus Gugler and Joanna Piechucka

16704: Shining with the stars: competition, screening, and concern for coworkers' quality

Helmuth Cremer and Francesca Barigozzi

16703: AI-tocracy

Noam Yuchtman, Martin Beraja, Andrew Kao and David Yang

16702: Profit Taxation, R&D Spending, and Innovation

Sebastian Siegloch, Andreas Lichter, Löffler, Max, Ingo E. Isphording, Thu-Van Nguyen and Felix Poege

16701: The Dark Side of Stakeholder Influence: The Surprising Effect of Customer Fraud on Suppliers

Shantanu Banerjee, Sudipto Dasgupta and Rui Shi

16700: Escaping Air Pollution: Do Chinese Students and Immigrants Drive Property Prices and Economic Activity Abroad?

Sudipto Dasgupta and Yuk Ying Chang

16699: Economic Interests, Worldviews, and Identities: Theory and Evidence on Ideational Politics

Dani Rodrik, Elliott Ash and Sharun Mukand

16698: The Great Expansion. The Exceptional Spread of Bank Branches in Interwar France

Eric Monnet, Emilie Bonhoure, Hadrien Clausse and ,

16697: Contracts versus Communication

Andreas Blume, Inga Deimen and Sean Inoue

16696: Institutional Integration and Productivity Growth: Evidence from the 1995 Enlargement of the European Union

Fabrizio Coricelli, Nauro Campos and Emanuele Franceschi

16695: Without liberty and justice, what extremes to expect? Two contemporary perspectives

Marcus Miller and ,

16694: The Psychological Gains from COVID-19 Vaccination: Who Benefits the Most?

Manuel Bagues and Velichka Dimitrova

16693: Bank Credit and Market-based Finance for Corporations: The Effects of Minibond Issuances

Steven Ongena, Sara Pinoli, , and ,

16692: Too-big-to-strand? Bond versus bank financing in the transition to a low-carbon economy

Steven Ongena, Winta Beyene, Manthos Delis and Kathrin De Greiff

16691: Urban Public Works in Spatial Equilibrium: Experimental Evidence from Ethiopia

Simon Franklin, Clément Imbert, Girum Abebe and Carolina Mejia-Mantilla

16690: A Temporary VAT Cut as Unconventional Fiscal Policy

Ruediger Bachmann, Benjamin Born, Olga Goldfayn-Frank, Georgi Kocharakov, Ralph Luetticke and Michael Weber

16689: Uncertainty and Change: Survey Evidence of Firms’ Subjective Beliefs

Ruediger Bachmann, Kai Carstensen, Stefan Lautenbacher and Martin Schneider

16688: On the Persistence of the China Shock

David Dorn, David Autor and Gordon Hanson

16687: The Debt Capacity of a Government

Bernard Dumas, , and Chunyu Yang

16686: Women in Economics: Europe and the World

Emmanuelle Auriol, Guido Friebel, Alisa Weinberger and ,

16685: Zombie Lending: Theoretical, International, and Historical Perspectives

Viral Acharya, Matteo Crosignani, Tim Eisert and Sascha Steffen

16684: The Real Effects of FinTech Lending on SMEs: Evidence from Loan Applications

Eça, Afonso, Miguel Ferreira, Melissa Prado and Emanuele Rizzo

16683: Dynamic coordination in efficient and fair strategies: a developmental perspective

Isabelle Brocas and Juan D. Carrillo

16682: The Effects of COVID-19 Vaccines on Economic Activity

Jonathan Ostry, Pragyan Deb, Davide Furceri, Jiménez, Daniel, Siddharth Kothari and Nour Tawk

16681: Determinants of COVID-19 Vaccine Rollouts and Their Effects on Health Outcomes

Jonathan Ostry, Pragyan Deb, Davide Furceri, Jiménez, Daniel, Siddharth Kothari and Nour Tawk

16680: Misdiagnosing Bank Capital Problems

Paul Klemperer and Jeremy Bulow

16679: The Central Bank, the Treasury, or the Market: Which One Determines the Price Level?

Eric Mengus, Barthélemy, Jean and Guillaume Plantin

16678: Competition and Misconduct

John Thanassoulis

16677: Business Groups as Knowledge-Based Hierarchies of Firms

Gianmarco Ottaviano, Carlo Altomonte, Armando Rungi and Tommaso Sonno

16676: A Note on the Global Distribution of Authorship in Economics Journals

Dani Rodrik and Jacob Greenspon

16675: Multinationals’ Sales and Profit Shifting in Tax Havens

Farid Toubal and Sébastien Laffitte

16674: Alone and Lonely. The economic cost of solitude for regions in Europe

Rodríguez-Pose, Andrés and Chiara Burlina

16673: The effects of financial incentives and disincentives on teachers' retirement decisions: Evidence from the 2003 French pension

Fougère, Denis and Gouëdard, Pierre

16672: Risks and global supply chains: What we know and what we need to know

Richard Baldwin and Rebecca Freeman

16671: Understanding the role of firms in the gender wage gap over time, over the life cycle, and across worker types

Marco Palladino, Alexandra Roulet and Mark Stabile

16670: A q-theory of banks

Juliane Begenau, Saki Bigio, Matias Vieyra and Jeremy Majerovitz

16669: What are the likely macroeconomic effects of the EU Recovery plan?

Evi Pappa and Fabio Canova

16668: FinTech Lending

Tobias Berg and Manju Puri

16667: On the Possibility of Krusell-Smith Equilibria

Tobias Broer, Alexandre Kohlhas, Kurt Mitman and Kathrin Schlafmann

16666: An Empirical Model of Quantity Discounts with Large Choice Sets

Alessandro Iaria and Ao Wang

16665: "There is No Planet B", but for Banks There are "Countries B to Z": Domestic Climate Policy and Cross-Border Bank Lending

Steven Ongena, Emanuela Benincasa and Gazi Kabaş

16663: The Fiscal and Welfare Effects of Policy Responses to the Covid-19 School Closures

Alexander Ludwig, Fuchs-Schündeln, Nicola, Dirk Krueger, André Kurmann, Lalé, Etienne and Irina Popova

16662: Water Treatment and Child Mortality: Evidence from Kenya

Michael Kremer

16661: Perpetual Motion: Human Mobility and Spatial Frictions in Three African Countries

Douglas Gollin, Martina Kirchberger and Paul Blanchard

16660: Wealth-Income Ratios in Free Market Capitalism: Switzerland, 1900–2020

Martínez, Isabel Z. and Enea Baselgia

16659: Terms of Engagement: Migration, Dowry, and Love in Indian Marriages

Andrew Beauchamp, Rossella Calvi and Scott Fulford

16658: Zombie Lending and Policy Traps

Viral Acharya, Simone Lenzu and Olivier Wang

16657: How Do Acquisitions Affect the Mental Health of Employees?

Rui Silva, ,, Ramin Baghai and Marieke Bos

16656: Intelligence Disclosure and Cooperation in Repeated Interactions

Eugenio Proto, Marco Lambrecht, Aldo Rustichini and Andis Sofianos

16655: Selecting Valuation Distributions: Non-Price Decisions of Multi-Product Firms

Armin Schmutzler and Stefanie Bossard

16654: Growing Apart: Declining Within- and Across-Locality Insurance in Rural China

Yu Zheng, Orazio Attanasio, Costas Meghir and Corina Mommaerts

16653: Relational Contracts and Trust in a High-Tech Industry

Leonardo Felli, Giacomo Calzolari, Johannes Koenen, Giancarlo Spagnolo and Konrad Stahl

16652: Post-Corona Balanced-Budget Super-Stimulus: The Case for Shifting Taxes onto Land

Michael Kumhof, Nicolaus Tideman, Michael Hudson and Charles Goodhart

16651: Trade Wars Currency Wars

Michael Devereux, , and Aurélien Eyquem

16650: The Financial Fragility of For-profit Hospitals: Evidence from the COVID-19 Pandemic

Alessandro Rebucci, Ge Bai, Jiménez, Daniel, Phillip Phan, , and Xian Sun

16649: Direct and Spillover Effects from Staggered Adoption of Health Policies: Evidence from Covid-19 Stay-at-Home Orders

Alessandro Rebucci, Vadim Elenev, , and Emilia Simeonova

16648: Are Housing Prices too Low?

Andrea Pozzi and Claudio Michelacci

16647: Marketization and the Fertility of Highly Educated Women along the Extensive and Intensive Margins

Moshe Hazan, David Weiss and Hosny Zoabi

16646: Investment under Stormy Skies: The Case of Russian Firms during 2004-2016

Sumru Altug and Sevcan Yesiltas

16645: The Geography of Job Creation and Job Destruction

Moritz Kuhn, Iourii Manovskii and ,

16644: Coordination with Cognitive Noise

Salvatore Nunnari and Cary Frydman

16643: Spurring economic growth through human development: research results and guidance for policymakers

David Bloom, Alexander Khoury, Vadim Kufenko and Klaus Prettner

16642: The Right to Health and the Health Effects of Denials

Sonia Bhalotra and Manuel Fernandez Sierra

16641: Telemigration and development: On the offshorability of teleworkable jobs

Richard Baldwin and Jonathan Dingel

16640: Mental Health Therapy as a Core Strategy for Increasing Human Capital: Evidence from Ghana

Dean Karlan, Nathan Barker, Gharad Bryan, Angela Ofori-Atta and Christopher Udry

16639: The Unemployment-Risk Channel in Business-Cycle Fluctuations

Tobias Broer, Jeppe Drudahl, Karl Harmenberg and Öberg, Erik

16638: Perceptions and Preferences for Redistribution

Stefanie Stantcheva

16637: A Mountain of Debt: Navigating the Legacy of the Pandemic

Franziska Ohnsorge, Ayhan Kose and Naotaka Sugawara

16636: Marginal Returns to Citizenship and Educational Performance

Christina Gathmann, Christina Vonnahme, Jongoh Kim and Anna Busse

16635: The Return Expectations of Public Pension Funds

Aleksandar Andonov and Joshua Rauh

16634: Financial Innovation, the Decline in Household Savings, and the Trade-off between Flexibility and Commitment

Agnes Kovacs and Patrick Moran

16633: Severe Prenatal Shocks and Adolescent Health: Evidence from the Dutch Hunger Winter

Gabriella Conti, L.H. Lumey, ,, Peter Ekamper and Stavros Poupakis

16632: Identifying State Dependence in Brand Choice: Evidence from Hurricanes

Julia Levine and Stephan Seiler

16631: Wealth and History: An Update

Daniel Waldenstrom

16630: International trade and letters of credit: A double-edged sword in times of crises

Banu Demir, Matthieu Crozet and Beata Javorcik

16629: Monetary Policy and Bond Prices with Drifting Equilibrium Rates

Carlo Favero, Andrea Tamoni and Alessandro Melone

16628: Bank Use of Sovereign CDS in the Eurozone Crisis: Hedging and Risk Incentives

Viral Acharya, , and Timothy Johnson

16627: Mobility Responses to the Establishment of a Residential Tax Haven: Evidence From Switzerland

Martínez, Isabel Z.

16626: Empirical Investigation of a Sufficient Statistic for Monetary Shocks

Francesco Lippi, Fernando Alvarez, Andrea Ferrara, Erwan Gautier and Hervé Le Bihan

16625: HALT: Heterogeneous-Agent Liquidity Traps

Florin Bilbiie

16624: Visual Representation and Stereotypes in News Media

Elliott Ash, Ruben Durante, Mariia Grebenshchikova and Carlo Schwarz