CEPR Discussion Papers

From Centre for Economic Policy Research
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16855: The Covid-19 Shock and the Indian Economy – A Cross-Country Comparative Analysis

Maitreesh Ghatak and Ramya Raghavan

16854: Occupational Choice and the Intergenerational Mobility of Welfare

Corina Boar and Danial Lashkari

16853: Pulled-in and Crowded-out: Heterogeneous Outcomes of Merit-based School Choice

Antonio Dalla-Zuanna, Kai Liu and Kjell G Salvanes

16852: Reducing Sexual-Orientation Discrimination: Experimental Evidence from Basic Information Treatments

Ralph De Haas, Christopher S. Carpenter, Mathias Dolls and Lisa Windsteiger

16851: Discovering the True Schumpeter - New Insights into the Finance and Growth Nexus

Peter Bofinger, Geißendörfer, Lisa, Thomas Haas and Fabian Mayer

16850: Efficient Industrial Policy for Innovation: Standing on the shoulders of Hidden Giants

Ralf Martin, Catherine Thomas, Pierre Mohnen, Dennis Verhoeven and Charlotte Guillard

16849: Scared Straight? Threat and Assimilation of Refugees in Germany

Marco Tabellini, Philipp Jaschke and Sulin Sardoschau

16848: Is Digital Credit Filling a Hole or Digging a Hole? Evidence from Malawi

Pascaline Dupas, Valentina Brailovskaya and Jonathan Robinson

16847: Before the Dawn: English Medieval Living Standards and Economic Growth 1200-1800

Gregory Clark and Maximilian P McComb

16846: Consolidating the Covid Debt

Christian Keuschnigg, Julian Johs and Jacob Stevens

16845: The Purpose of a Finance Professor

Alex Edmans

16844: Conditional Control: The Consequences of Expanding Creditors’ Right to Initiate Bankruptcy

Yishay Yafeh, Assaf Hamdani, Yevgeny Mugerman, Ruth Rooz and Nadav Steinberg

16843: Zero-hours Contracts in a Frictional Labor Market

Juan Dolado, Lalé, Etienne and Hélène Turon

16842: The Politics of the Paycheck Protection Program

Thomas Lambert and Prachi Mishra

16841: Supervision without Regulation: Discount Limits at the Austro-Hungarian Bank, 1909-1913

Clemens Jobst and Kilian Rieder

16840: Science as Civil Society: Implications for a Green Transition

Timothy Besley and Torsten Persson

16839: Voice and Political Engagement: Evidence From a Natural Field Experiment

Christopher Roth, Anselm Hager, , and Andreas Stegmann

16838: Women’s Liberation and the Demographic Transition

Moshe Hazan, David Weiss and Hosny Zoabi

16837: Fear of Hiking? Monetary Policy and Sovereign Risk

Martin Wolf and Leopold Zessner-Spitzenberg

16836: Identifying Monetary Policy Shocks Using the Central Bank’s Information Set

Ruediger Bachmann, Eric Sims and Isabel Goedl Hanisch

16835: Investment and Contagion Tradeoffs between Fair Value and Historical Cost Accounting

Viral Acharya, Saptarshi Mukherjee and Rangarajan K Sundaram

16834: The Dynamics of Power in Labor Markets: Monopolistic Unions versus Monopsonistic Employers

Kjell G Salvanes, Samuel Dodini and Willén, Alexander

16833: Welfare Comparisons for Biased Learning

Mira Frick, , and Yuhta Ishii

16832: Information Choice in Auctions

Nina Bobkova

16831: Communication in the shadow of catastrophe

Dezsoe Szalay and Inga Deimen

16830: Intergenerational Assimilation of Minorities: The Role of the Majority Group

Yves Zenou, Ryo Itoh and Yasuhiro Sato

16829: One Scheme Fits All: A Central Fiscal Capacity for the EMU Targeting Eurozone, National and Regional Shocks

Roel Beetsma, Jacopo Cimadomo and Josha van Spronsen

16828: The Case for a Positive Euro Area Inflation Target: Evidence from France, Germany and Italy

Klaus Adam, Erwan Gautier, Sergio Santoro and Henning Weber

16827: Currency Wars, Trade Wars, and Global Demand

Olivier Jeanne

16826: Acquisitions, innovation, and the entrenchment of monopoly

Vincenzo Denicolo and Michele Polo

16825: Monetary Policy and Endogenous Financial Crises

Frédéric Boissay, Fabrice Collard, Galí, Jordi and Cristina Manea

16824: Idiosyncratic Shocks and Aggregate Fluctuations in an Emerging Market

Damiano Sandri, Francesco Grigoli and Emiliano Luttini

16823: Minimum Wages and Insurance within the Firm

Emircan Yurdagul, Effrosyni Adamopoulou, Francesco Manaresi and Omar Rachedi

16822: The Unattractiveness of Indeterminate Dynamic Equilibria

Martin Ellison, Julian Ashwin and Paul Beaudry

16821: Partisan Fertility and Presidential Elections

Gordon Dahl, Runjing Lu and William Mullins

16820: Forced Displacement and Human Capital: Evidence from Separated Siblings

Sandra Sequeira, Giorgio Chiovelli, Stelios Michalopoulos and Elias Papaioannou

16818: Comment on Giacomini, Kitagawa and Read’s ‘Narrative Restrictions and Proxies’

Lutz Kilian

16817: Sovereign Debt Sustainability and Central Bank Credibility

Jeromin Zettelmeyer and Tim Willems

16816: Monetary Policy Communication: Perspectives from Former Policy Makers at the ECB

Michael Ehrmann, Sarah Holton, Danielle Kedan and Gillian Phelan

16815: The Dynamic Consequences of State-Building: Evidence from the French Revolution

Benjamin Marx, Cédric Chambru and Emeric Henry

16814: A Note on Temporary Supply Shocks with Aggregate Demand Inertia

Ricardo Caballero and Alp Simsek

16813: Supply shocks in supply chains: Evidence from the early lockdown in China

Julien Martin, Raphael Lafrogne-Joussier and Isabelle Mejean

16812: Rational Inattention and the Business Cycle Effects of Productivity and News Shocks

Bartosz Maćkowiak and Mirko Wiederholt

16811: Information, Intermediaries, and International Migration

Samuel Bazzi, Lisa Cameron, Simone Schaner and Firman Witoelar

16810: Randomization for Causality, Ethnography for Mechanisms: Illiquid Savings for Liquor in an Autarkic Society

Ricardo Godoy, Dean Karlan and Jonathan Zinman

16809: A Wake-Up Call Theory of Contagion

Toni Ahnert and ,

16808: Opening Heaven’s Door: Public Opinion and Congressional Votes on the 1965 Immigration Act

Timothy Hatton, Giovanni Facchini and Max Steinhardt

16807: Keeping the Agents in the Dark: Private Disclosures in Competing Mechanisms

Thomas Mariotti, Andrea Attar, Eloisa Campioni and Alessandro Pavan

16806: Superstar Returns

Moritz Schularick, Francisco Amaral, Sebastian Kohl and Martin Dohmen

16805: In Medio Stat Virtus? Effective Communication and Preferences for Redistribution in Hard Times

Massimo Morelli, Paola Bertoli, , and Anna Rosso

16804: Skewness and Time-Varying Second Moments in a Nonlinear Production Network: Theory and Evidence

Alireza Tahbaz-Salehi, Ian Dew-Becker and Andrea Vedolin

16803: Deals That Start When You Sign Them

Robert Gibbons

16802: Building an Equilibrium: Rules versus Principles in Relational Contracts

Robert Gibbons, Manuel Grieder, Holger Herz and Christian Zehnder

16801: Cross-verification and Persuasive Cheap Talk

Ludovic Renou, Alp Atakan and Mehmet Ekmekci

16800: On the Efficiency of Large Resale Networks

Ludovic Renou, Daniele Condorelli and Andrea Galeotti

16799: Corporate Legacy Debt, Inflation, and the Efficacy of Monetary Policy

Charles Goodhart, Udara Peiris, Dimitrios Tsomocos and Xuan Wang

16798: The Real Effects of Banking the Poor: Evidence from Brazil

Adrien Matray and Julia Fonseca

16797: Optimal Taxation with Multiple Incomes and Types

Kevin Spiritus, Etienne Lehmann, Sander Renes and Floris Zoutman

16796: Price-Cost Margins and Fixed Costs

Jozef Konings, Filip Abraham, Yannick Bormans and ,

16795: The Premia on State-Contingent Sovereign Debt Instruments

Taehoon Kim and Antoine Levy

16794: Cities and Technological Waves

Martí Mestieri, Enrico Berkes and Ruben Gaetani

16793: The Financial Origins of Non-Fundamental Risk

Sushant Acharya, Keshav Dogra and Sanjay Singh

16792: Time Use and Gender in Africa in Times of Structural Transformation

L. Rachel Ngai and Taryn Dinkelman

16791: When Reality Bites: Local Deaths and Vaccine Take-Up

Yves Zenou, Corrado Giulietti and Michael Vlassopoulos

16790: Information hierachies

Emir Kamenica, Benjamin A Brooks and Alexander Frankel

16789: Dispersed Behavior and Perceptions in Assortative Societies

Mira Frick, , and Yuhta Ishii

16788: Belief Convergence under Misspecified Learning: A Martingale Approach

Mira Frick, , and Yuhta Ishii

16787: The Anatomy of a Hospital System Merger: The Patient Did Not Respond Well to Treatment

Raffaella Sadun, Martin Gaynor, Adam Sacarny, Chad Syverson and Shruthi Venkatesh

16786: Would Households Understand Average Inflation Targeting?

Mathias Hoffmann, Emanuel Moench, Lora Pavlova and Guido Schultefrankenfeld

16785: Uncovering the Roots of Obesity-based Wage Discrimination: The Role of Job Characteristics

Juan Dolado and Airam Guerra

16784: Price Dispersion in Wines

Katharine Rockett, Jean-Marie Cardebat, Olivier Gergaud and Régibeau, Pierre

16783: Network Externalities and Market Dominance

Robert Akerlof, Richard Holden and Luis Rayo

16782: Individual and Collective Information Acquisition: An Experimental Study

Leeat Yariv, Pellumb Reshidi, Alessandro Lizzeri, Jimmy Chan and Wing Suen

16781: Larger transfers financed with more progressive taxes? On the optimal design of taxes and transfers

Axelle Ferriere, Grübener, Philipp, Gaston Navarro and Oliko Vardishvili

16780: Trade and Inequality in Europe and the US

David Dorn and Peter Levell

16779: The Effects of Policy Interventions to Limit Illegal Money Lending

Kaiwen Leong, Huailu Li, Nicola Pavanini and Christoph Walsh

16778: Carbon Emissions and the Bank-Lending Channel

Peydró, José-Luis and Marcin Kacperczyk

16777: Controlling Irregular Migration: Can a Market for Temporary Foreign Work Permits Help?

Emmanuelle Auriol, Alice Mesnard and Tiffanie Perrault

16776: The Impact of Rising Oil Prices on U.S. Inflation and Inflation Expectations in 2020-23

Lutz Kilian and Xiaoqing Zhou

16775: What Has Been the Impact of COVID-19 on Debt? Turning a Wave into a Tsunami

Franziska Ohnsorge, Ayhan Kose, Peter Nagle and Naotaka Sugawara

16774: Corporate Donations and Political Rhetoric: Evidence from a National Ban

Julia Cagé, Caroline LePennec and Elisa Mougin

16773: Identifying Empty Creditors with a Shock and Micro-Data

Hans Degryse, ,, , and Steven Ongena

16772: Can Sticky Portfolios Explain International Capital Flows and Asset Prices?

Philippe Bacchetta, Margaret Davenport and Eric van Wincoop

16771: OPTIMAL ASSIGNMENT OF BUREAUCRATS: EVIDENCE FROM RANDOMLY ASSIGNED TAX COLLECTORS IN THE DRC

Jonathan Weigel, Augustin Bergeron, Pedro Bessone Tepedino , John Kabeya Kabeya and Gabriel Tourek

16770: Discontinuities in the Age-Victimization Profile and the Determinants of Victimization

Anna Bindler, Randi Hjalmarsson, Nadine Ketel and Andreea Mitrut

16769: Resilience, Adaptability and Transformability: Danish Butter Factories in the Face of Coal Shortages

Paul Sharp, Sofia Henriques, Xanthi Tsoukli and Christian Vedel

16768: Organizing Data Analytics

Ricardo Alonso and Câmara, Odilon

16767: Adams and Eves: The Gender Gap in Economics Majors

Graziella Bertocchi, Luca Bonacini and Marina Murat

16766: News and uncertainty about COVID-19: Survey evidence and short-run economic impact

Müller, Gernot, Alexander Dietrich, Keith Kuester and Raphael Schoenle

16765: Uncertainty and Information Acquisition: Evidence from Firms and Households

Christopher Roth, Heiner Mikosch, Samad Sarferaz and Johannes Wohlfart

16764: Macroeconomic Dynamics with Rigid Wage Contracts

Tobias Broer, Karl Harmenberg and Öberg, Erik

16763: Product Market Competition, Creative Destruction and Innovation

Rachel Griffith and John van Reenen

16762: Poor Substitutes? Counterfactual methods in IO and Trade compared

Thierry Mayer and Keith Head

16761: The Gender Gap at the Top: How Network Size and Composition Impact CEO Pay

Tavares, José and Sharmin Sazedj

16760: Real-Time Forecasting with a (Standard) Mixed-Frequency VAR During a Pandemic

Frank Schorfheide and Dongho Song

16759: Production Networks and War: Evidence from Ukraine

Alexey Makarin and Vasily Korovkin

16758: Inflation Narratives

Christopher Roth, Ingar Haaland and Johannes Wohlfart

16757: How education and GDP drive the COVID-19 vaccination campaign

Klaus Zimmermann, Vu Minh Ngo, Phuc V. Nguyen, Luu Duc Toan Huynh and Huan Huu Nguyen

16756: Covid-19 and the Forces Behind Social Unrest

Rudolf Winter-Ebmer, Uwe Sunde and Mario Lackner

16755: Did The Australian JobKeeper Program Save Jobs by Subsidizing Temporary Layoffs?

Jennifer Hunt and Jeff Borland