CEPR Discussion Papers

From Centre for Economic Policy Research
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15851: Tax Evasion at the Top of the Income Distribution: Theory and Evidence

Daniel Reck, John Guyton, Patrick Langetieg, Max Risch and Gabriel Zucman

15850: The US-China Trade War and Phase One Agreement

Chad Bown

15849: Double marginalization and vertical integration

Choné, Philippe, Laurent Linnemer and Vergé, Thibaud

15848: Intermediation and Price Volatility

Thomas Gehrig and Klaus Ritzberger

15847: In Vaccines We Trust? The Effects of the CIA's Vaccine Ruse on Immunization in Pakistan

Monica Martinez-Bravo and Andreas Stegmann

15846: A Macroeconomic Model of Healthcare Saturation, Inequality & the Output-Pandemia Tradeoff

Linda Tesar, Enrique Mendoza and Eugenio Rojas

15845: Land is back, it should be taxed, it can be taxed

Etienne Wasmer, Odran Bonnet, Guillaume Chapelle and Alain Trannoy

15844: In-Kind Transfers as Insurance

Lucie Gadenne, Sam Norris, Monica Singhal and Sandip Sukhtankar

15843: Cheap Talk is not Cheap: Free versus Costly Communication

Georg Kirchsteiger, Patrick Legros and Hamid Aghadadashli

15842: Capital Flows at Risk: Taming the Ebbs and Flows

R. Gaston Gelos, Lucyna Gornicka, Robin Koepke, Ratna Sahay and Silvia Sgherri

15841: The long-run effects of risk: an equilibrium approach

Christiaan van der Kwaak, Joao Madeira and Nuno Palma

15840: The Gender Pay Gap Revisited with Big Data: Do Methodological Choices Matter?

Conny Wunsch and Anthony Strittmatter

15839: Consumption Access and Agglomeration: Evidence from Smartphone Data

Stephen Redding, Yuhei Miyauchi and Kentaro Nakajima

15838: The Gendered Impact of the COVID-19 Recession on the US Labor Market

Stefania Albanesi and Jiyeon Kim

15837: Promotions and Productivity: The Role of Meritocracy and Pay Progression in the Public Sector

Erika Deserranno and Gianmarco Leon-Ciliotta

15836: Parental Age and Birth Defects: A Sibling Study

Hans Hvide, Kjell G Salvanes and Julian Johnsen

15835: Ideology and the Contours of Economic Changes in Modern China during 1850-1950

Debin Ma

15834: Will Schumpeter Catch Covid-19?

Philippe Martin, Mathieu Cros and Anne Epaulard

15833: When Hosios meets Phillips: Connecting efficiency and stability to demand shocks

Philippe Weil, Nicolas Petrosky-Nadeau and Etienne Wasmer

15832: Borrowing Costs after Sovereign Debt Relief

Andrea Presbitero and David Mihalyi

15831: Strong Substitutes: Structural Properties, and a New Algorithm for Competitive Equilibrium Prices

Paul Klemperer, Elizabeth Baldwin, Martin Bichler and Maximilian Fichtl

15830: Multiproduct Mergers and Quality Competition

Andrew Rhodes and Justin Johnson

15829: Move a Little Closer? Information Sharing and the Spatial Clustering of Bank Branches

Steven Ongena, Shusen Qi, Ralph De Haas, Stefan Straetmans and Tamas Vadasz

15828: Trainspotting: Board Appointments in Private Firms

Audinga Baltrunaite and Egle Karmaziene

15827: Speculative and Precautionary Demand for Liquidity in Competitive Banking Markets

Diemo Dietrich and Thomas Gehrig

15826: Who Bears the Burden of Local Taxes?

Brülhart, Marius, Jayson Danton, Parchet, Raphaël and Schläpfer, Jörg

15825: Human Biographical Record (HBR)

Arash Nekoei and Fabian Sinn

15824: Economic and Institutional Consequences of Populism

Antonio Spilimbergo and Nicolas Magud

15823: Price Matching Guarantees and Collusion: Theory and Evidence from Germany

Luis Cabral, Niklas Duerr, Dominik Schober and Oliver Woll

15822: The interdependencies between the private and public sectors in open economies

Torben M Andersen and Allan Soerensen

15821: FISCAL POLICY AND HOUSEHOLDS’ INFLATION EXPECTATIONS: EVIDENCE FROM A RANDOMIZED CONTROL TRIAL

Michael Weber and Yuriy Gorodnichenko

15820: Persecution and Escape: Professional Networks and High-Skilled Emigration from Nazi Germany

Fabian Waldinger, Sascha Becker, Volker Lindenthal and Sharun Mukand

15819: Employment Flexibility and Capital Structure: Evidence from a Natural Experiment

Olga Kuzmina

15818: Inferring “missing girls†from child sex ratios in European historical census data: A conservative approach

Beltrán Tapia, Francisco, Szołtysek, Mikołaj, Ogórek, Bartosz and Siegfried Gruber

15817: How Puzzling Is the Forward Premium Puzzle? A Meta-Analysis

Tomas Havranek, Diana Zigraiova, Zuzana Irsova and Jiri Novak

15816: Social Responsibility and Bank Resiliency

Thomas Gehrig and Stephan Unger

15815: Techies, Trade, and Skill-Biased Productivity

Farid Toubal, James Harrigan and Ariell Reshef

15814: Searching for Job Security and the Consequences of Job Loss

Gregor Jarosch

15813: Firms, Kinship and Economic Growth in the Kyrgyz Republic

Shlomo Weber, Paul Castaneda Dower and Theodore Gerber

15812: Gold and South Africa's Great Depression

Barry Eichengreen

15811: Influencing Search

Maarten Janssen and Cole Williams

15810: Did the Cold War Produce Development Clusters in Africa?

Shlomo Weber, Paul Castaneda Dower, Gunes Gokmen and Michel Le Breton

15809: Testing Willingness to Pay Elicitation Mechanisms in the Field: Evidence from Uganda

Jonathan de Quidt, Konrad Burchardi, Selim Gulesci, Benedetta Lerva and Stefano Tripodi

15808: Can Youth Empowerment Programs Reduce Violence Against Girls during the Covid-19 Pandemic?

Selim Gulesci, Manuela Puente Beccar and Diego Ubfal

15807: Urban Growth Shadows

Klaus Desmet, David Cuberes and Jordan Rappaport

15806: Trade Reforms and Current Account Imbalances

Shang-Jin Wei, Jiandong Ju and Kang Shi

15805: The Welfare Cost of a Current Account Imbalance: A 'Clean' Channel

Shang-Jin Wei, Jungho Lee and Jianhuan Xu

15804: Innovation and Trade Policy in a Globalized World

Giammario Impullitti, Ufuk Akcigit and Sina T. Ates

15803: The Economic Geography of Global Warming

Esteban Rossi-Hansberg and José-Luis Cruz

15802: Culture, Institutions & the Long Divergence

Thierry Verdier, Alberto Bisin, Jared Rubin and Avner Seror

15801: Export, Female Comparative Advantage and the Gender Wage Gap

Alessandra Bonfiglioli and Federica De Pace

15800: Whom to Vaccinate First - Some Important Trade-offs

Rikard Forslid and Mathias Herzing

15799: Information Technology and Credit: Evidence from Public Guarantees

Filippo De Marco and Fabrizio Core

15798: Fire Sale Risk and Credit

Wolf Wagner, Dion Bongaerts and Francesco Mazzola

15797: A Note on Employment and Wage Polarization in the U.S

Michelle Petersen Rendall, Fabio Cerina and Alessio Moro

15796: Reparations and Persistent Racial Wealth Gaps

Job Boerma and Loukas Karabarbounis

15795: Merger or acquisition? An introduction to the Handbook of Historical economics

Giovanni Federico and Alberto Bisin

15794: Faith and Assimilation: Italian Immigrants in the US

Marco Tabellini and Stefano Gagliarducci

15793: Class Altruism and Redistribution

Müller, Andreas, Christian Ghiglino and Juárez-Luna, David

15792: Persuading Large Investors

Ricardo Alonso and Konstantinos Zachariadis

15791: Effectiveness of collective action against the pandemic: Is there a difference between democratic and authoritarian regimes?

Alex Cukierman

15790: Leadership Styles and Labor-Market Conditions

Schöttner, Anja, Robert Dur and Kvaløy, Ola

15789: Learning from Shared News: When Abundant Information Leads to Belief Polarization

T. Renee Bowen, Simone Galperti and Danil Dmitriev

15788: The ``Matthew Effect'' and Market Concentration: Search Complementarities and Monopsony Power

Fernández-Villaverde, Jesús, Federico Mandelman, Francesco Zanetti and Yang Yu

15787: Spillover Effects in International Business Cycles

Pérez-Quirós, Gabriel, Camacho, Máximo and Matías Pacce

15786: Does Alternative Data Improve Financial Forecasting? The Horizon Effect

Thierry Foucault and Frésard, Laurent

15785: Lending to Overconfident Borrowers

Filippo De Marco, Julien Sauvagnat and Enrico Sette

15784: Social Exclusion and Ethnic Segregation in Schools: The Role of Teacher's Ethnic Prejudice

Sule Alan, Ipek Mumcu, Elif Kubilay and Enes Duysak

15783: Unequal Mortality during the Spanish Flu

Rosés, Joan R., Sergi Basco and Jordi Domenech

15782: (In)efficient repo markets

Schürhoff, Norman, Tobias Dieler and Loriano Mancini

15781: Self-inflicted debt crises

Schürhoff, Norman and Theodosios Sakis Dimopoulos

15780: The political economy of coastal development

Elisabet Viladecans-Marsal, Pierre Magontier and Solé-Ollé, Albert

15779: A Retrospective Study of State Aid Control in the German Broadband Market

Tomaso Duso, Mattia Nardotto and Jo Seldeslachts

15778: A Division of Laborers: Identity and Efficiency in India

Guilhem Cassan, Daniel Keniston and Tatjana Kleineberg

15777: Portfolio rebalancing in times of stress

Andreas Fischer, Rafael P. Greminger, Christian Grisse and Sylvia Kaufmann

15776: A Stepping Stone Approach to Understanding Harmful Norms

Eliana La Ferrara, Selim Gulesci, Sam Jindani, David Smerdon, Munshi Sulaiman and H. Peyton Young

15775: From Micro to Macro Development

Francisco Buera, Joseph Kaboski and Robert Townsend

15774: Biases in Information Selection and Processing: Survey Evidence from the Pandemic

Ester Faia, Vincenzo Pezone and Basit Zafar

15773: The Unholy Trinity: Regulatory Forbearance, Stressed Banks and Zombie Firms

Anusha Chari, Lakshita Jain and Nirupama Kulkarni

15772: Artificial Intelligence, Globalization, and Strategies for Economic Development

Anton Korinek and Joseph Stiglitz

15771: High-speed Rail and the Spatial Distribution of Economic Activity: Evidence from Japan's Shinkansen

Hans Koster, Kazunobu Hayakawa and Jacques Thisse

15770: The measurement of the value of a language

Shlomo Weber, Jorge Alcalde Unzu and Juan Moreno-Tenero

15769: Are Bigger Banks Better? Firm-Level Evidence from Germany

Kilian Huber

15768: Asset-based Microfinance for Microenterprises: Evidence from Pakistan

Simon Quinn, Faisal Bari, Kashif Malik and Muhammad Meki

15767: Dynamic Pricing with Uncertain Capacities

Maarten Janssen, Daniel Garcia and Radostina Shopova

15766: What do Interest Rates Reveal about the Stock Market? A Noisy Rational Expectations Model of Stock and Bond Markets

Adrian Buss, Matthijs Breugem and Joel Peress

15765: Identity, Media and Consumer Behavior

Sandra Sequeira and Mattia Nardotto

15764: Supranational Rules, National Discretion: Increasing versus Inflating Regulatory Bank Capital?

Steven Ongena, Reint Gropp, Thomas Mosk, Ines Simac and Carlo Wix

15763: Entry Barriers and Growth: The Role of Endogenous Market Structure

Helu Jiang, Yu Zheng and Lijun Zhu

15762: Competition for Attention in the ETF Space

Francesco Franzoni, Itzhak Ben-David, Byungwook Kim and Rabih Moussawi

15761: Apart but Connected: Online Tutoring and Student Outcomes during the COVID-19 Pandemic

Michela Carlana and Eliana La Ferrara

15760: Age Discrimination across the Business Cycle

Gordon Dahl and Matthew Knepper

15759: Occupational Exposure to Capital-Embodied Technical Change

Julieta Caunedo, Elisa Keller and David Jaume

15758: Aggregate Output Measurements: A Common Trend Approach

Enrique Sentana, Martin Almuzara and Gabriele Fiorentini

15757: Financial Fragility with Collateral Circulation

Piero Gottardi, Vincent Maurin and Cyril Monnet

15756: Music Sentiment and Stock Returns Around the World

Alex Edmans, Adrian Fernandez, Alexandre Garel and Ivan Indriawan

15755: How Should Performance Signals Affect Contracts?

Alex Edmans, Pierre Chaigneau and Daniel Gottlieb

15754: Dowries, Resource Allocation, and Poverty

Rossella Calvi and Ajinkya Keskar

15753: Gender and Educational Achievement: Stylized Facts and Causal Evidence

Paul Devereux and Judith Delaney

15752: Women’s Education, Fertility and Children’s Health during a Gender Equalization Process: Evidence from a Child Labor Reform

Antonio Cabrales, Bellés-Obrero, Cristina, Jiménez-Martín, Sergi and Judit Vall-Castello