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.

15063: Interest Rates, Market Power, and Financial Stability

David Martinez-Miera and Rafael Repullo

15062: Patents, News, and Business Cycles

Silvia Miranda-Agrippino, Hacıoğlu Hoke, Sinem and Kristina Bluwstein

15061: The Ends of 27 Big Depressions

Martin Ellison, Sang Seok Lee and Kevin O'Rourke

15060: Corporate tax avoidance and sales: micro evidence and aggregate implications

Julien Martin and Farid Toubal

15059: The Sensitivity of Cash Savings to the Cost of Capital

Viral Acharya, Soku Byoun and Zhaoxia Xu

15058: With a Little Help from Friends: Strategic Financing and the Crowd

Sudipto Dasgupta, Tingting Fan, Yiwei Li and Yizhou Xiao

15057: Do Analysts Learn from Each Other? Evidence from Analysts’ Location Diversity

Ling Cen, Yuk-Ying Chang and Sudipto Dasgupta

15056: Product Market Competition and the Relocation of Economic Activity: Evidence from the Supply Chain

Chen Chen, Sudipto Dasgupta, Thanh Huynh and Ying Xia

15055: Support for Small Businesses amid COVID-19

Charles Goodhart, Dimitrios Tsomocos and Xuan Wang

15054: U.S. Populist Rhetoric and Currency Returns

Ilias Filippou, Arie Gozluklu, My Nguyen and Mark Taylor

15053: The Real Effects of Exchange Rate Risk on Corporate Investment: International Evidence

Mark Taylor, Zigan Wang and Qi Xu

15052: The Out-of-Sample Performance of Carry Trades

Po-Hsuan Hsu, Mark Taylor and Zigan Wang

15051: Measuring the Regional Economic Cost of Brexit: Evidence as of 2026

Eleonora Alabrese, Jacob Edenhofer, Thiemo Fetzer and Shizhuo Wang

15050: How Much Does COVID-19 Increase with Mobility? Evidence from New York and Four Other US Cities

Edward Glaeser, Caitlin Gorback and Stephen Redding

15049: Can export promotion reduce unemployment?

Cristian Ugarte and Marcelo Olarreaga

15048: Regulating Platform Fees under Price Parity

Renato Gomes and Andrea Mantovani

15047: Incarceration versus probation? Long-run evidence from an anticipated reform

Bastien Michel and Hémet, Camille

15046: Risk Sharing within the Firm: A Primer

Marco Pagano

15045: Assessing the Quality of Public Services: Does Hospital Competition Crowd Out the For-Profit Quality Gap?

Johannes Kunz, Carol Propper, Kevin Staub and Rainer Winkelmann

15044: Policies and Instruments for Self-Enforcing Treaties

Bard Harstad, Francesco Lancia and Alessia Russo

15043: Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks

Federico Ravenna and Carl Walsh

15042: Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight

Michael Woodford and Yinxi Xie

15041: A Graphical Lasso Approach to Estimating Network Connections: The Case of U.S. Lawmakers

Marco Battaglini, Forrest Crawford, Eleonora Patacchini and Sida Peng

15040: Italy in the Eurozone

Christian Keuschnigg, Linda Kirschner, Michael Kogler and Hannah Winterberg

15039: Uncertainty and dispersion in professional interest rate forecasts: International evidence and theory

Alex Cukierman and Thomas Lustenberger

15038: Reciprocity and the Interaction Between the Unemployed and the Caseworker

Gerard Van den Berg, Iris Kesternich, Gerrit Mueller and Bettina Siflinger

15037: The impact of sanctions for young welfare recipients on transitions to work and wages and on dropping out

Gerard Van den Berg, Arne Uhlendorff and Joachim Wolff

15036: The Effects of Day Care on Health During Childhood: Evidence by Age

Gerard Van den Berg and Bettina Siflinger

15035: Informing employees in small and medium sized firms about training: results of a randomized field experiment

Gerard Van den Berg, Christine Dauth, Pia Homrighausen and Gesine Stephan

15034: Women in economics: A UK Perspective

Almudena Sevilla and Sarah Smith

15033: Mutual Fund Performance and Flows During the COVID-19 Crisis

Pástor, Luboš and Blair Vorsatz

15032: Early Childhood Investments and the Quantity-Quality Trade-off

Chinhui Juhn, Yona Rubinstein and Andrew Zuppann

15031: Are Online Markets More Integrated than Traditional Markets? Evidence from Consumer Electronics

Duch-Brown, Néstor, Lukasz Grzybowski, Andre Romahn and Frank Verboven

15030: The Dark Side of Transparency: Mission Variety and Industry Equilibrium in Decentralized Public Good Provision

Gani Aldashev, Esteban Jaimovich and Thierry Verdier

15029: Wealth Redistribution in Bubbles and Crashes

Dong Lou

15028: Informed Trading in Government Bond Markets

Dong Lou

15027: Dream Jobs

Giordano Mion, Luca David Opromolla and Gianmarco Ottaviano

15026: Authority in a theory of the firm

Inga Deimen and Dezsoe Szalay

15025: The Cleansing Effect of Banking Crises

Reint Gropp, Steven Ongena, Rocholl, Jörg and Vahid Saadi

15024: Board dynamics over the startup life cycle

Michael Ewens and Nadya Malenko

15023: Wind turbines, solar farms, and house prices

Dröes, Martijn and Hans Koster

15022: Pandemics, Intermediate Goods, and Corporate Valuation

Luc Laeven

15021: The future of the European project: survey results from members of national parliaments in France, Italy and Germany

Sebastian Blesse, Massimo Bordignon, Pierre Boyer, Piergiorgio Carapella, Friedrich Heinemann, Eckhard Janeba and Anasuya Raj

15020: Colonization, Early Settlers and Development: The Case of Latin America

García-Montalvo, José and Marta Reynal-Querol

15019: Currency appreciation, distance to border and price changes: Evidence from Swiss retail prices

Reto Foellmi, Jäggi, Adrian and Fabian Schnell

15018: Sequential Learning with Endogenous Consideration Sets

Daniel Fershtman and Alessandro Pavan

15017: Preparing for the Worst But Hoping for the Best: Robust (Bayesian) Persuasion

Piotr Dworczak and Alessandro Pavan

15016: Mimetic Dominance and the Economics of Exclusion: Private Goods in Public Contexts

Madarász, Kristóf and Alex Imas

15015: Close Competitors? Bilateral Bank Competition and Spatial Variation in Firms’ Access to Credit

Ralph De Haas, Liping Lu and Steven Ongena

15014: The Matthew effect and modern finance: on the nexus between wealth inequality, financial development and financial technology

Jon Frost, Leonardo Gambacorta and Romina Gambacorta

15013: COVID-19, Race, and Redlining

Graziella Bertocchi and Arcangelo Dimico

15012: The Portfolio Composition Effect

Jan Mueller-Dethard and Martin Weber

15011: Transatlantic Technologies: The Role of ICT in the Evolution of U.S. and European Productivity Growth

Robert J. Gordon and Hassan Sayed

15010: Destabilizing Effects of Market Size in the Dynamics of Innovation

Kiminori Matsuyama and Philip Ushchev

15009: Kicking the can down the road: government interventions in the European banking sector

Viral Acharya, Lea Steinruecke, Maximilian Jager and Sascha Steffen

15008: International Migration Responses to Natural Disasters: Evidence from Modern Europe’s Deadliest Earthquake

Yannay Spitzer, Gaspare Tortorici and Ariell Zimran

15007: Going Bankrupt in China

Bo Li and Jacopo Ponticelli

15006: Explaining Monetary Spillovers: The Matrix Reloaded

Jonathan Kearns, Andreas Schrimpf and Fan Dora Xia

15005: Asymmetric Effects of Monetary Policy Easing and Tightening

Mario Forni, Davide Debortoli, Luca Gambetti and Luca Sala

15004: Financial Intermediation and Technology: What’s Old, What’s New?

Arnoud Boot, Peter Hoffmann, Luc Laeven and Lev Ratnovski

15003: Belief Distortions and Macroeconomic Fluctuations

Francesco Bianchi, Sydney Ludvigson and Sai Ma

15002: Why Does Globalization Fuel Populism?

Dani Rodrik

15001: A dilemma between liquidity regulation and monetary policy: some history and theory

Eric Monnet and Miklos Vari

15000: Work from Home Before and After the COVID-19 Outbreak

Alexander Bick, Adam Blandin and Karel Mertens

14999: Pareto-improving reforms of tax deductions

Köhne, Sebastian and Dominik Sachs

14998: Economic preferences across generations and family clusters: A large-scale experiment

Shyamal Chowdhury, Matthias Sutter and Klaus Zimmermann

14997: Education Transmission and Network Formation

Vincent Boucher, Carlo Leone Del Bello, Fabrizio Panebianco, Thierry Verdier and Yves Zenou

14996: Water the Flowers You Want to Grow? Evidence on Private Recognition and Donor Loyalty

Benjamin Bittschi, Nadja Dwenger and Johannes Rincke

14995: Value creation in Shareholder Activism: A Structural Approach

Rui Albuquerque, Vyacheslav Fos and Enrique Schroth

14994: Distance-based social index numbers: a unifying approach

Walter Bossert, Conchita D'Ambrosio and Shlomo Weber

14993: A Game-Theoretical Model of the Landscape Theory

Michel Le Breton, Alexander Shapoval and Shlomo Weber

14992: How Does Kompromat Affect Politics? A Model of Transparency Regimes

Monika Nalepa and Konstantin Sonin

14991: When Does Procompetitive Entry Imply Excessive Entry?

Kiminori Matsuyama and Philip Ushchev

14990: Globalization and Nationalism: Retrospect and Prospect

Maurice Obstfeld

14989: Nonbanks, Banks, and Monetary Policy: U.S. Loan-Level Evidence since the 1990s

David Elliott, Ralf Meisenzahl, Jose-Luis Peydro and Bryce C. Turner

14988: Negative Monetary Policy Rates and Systemic Banks’ Risk-Taking: Evidence from the Euro Area Securities Register

Angela Maddaloni, Johannes Bubeck and Jose-Luis Peydro

14987: The economics of skyscrapers: A synthesis

Gabriel Ahlfeldt and Jason Barr

14986: Sovereign credit and exchange rate risks: Evidence from Asia-Pacific local currency bonds

Mikhail Chernov, Drew Creal and Hördahl, Peter

14985: L’Histoire Immobile? A Reappraisal of French Economic Growth using the Demand-Side Approach, 1280-1850

Leonardo Ridolfi and Alessandro Nuvolari

14984: Welfare improving tax evasion

Chiara Canta, Helmuth Cremer and Firouz Gahvari

14983: Linking Changes in Inequality in Life Expectancy and Mortality: Evidence from Denmark and the United States

Claus Kreiner, Gordon Dahl, Benjamin Ly Serena and Torben Nielsen

14982: Workplace Presenteeism, Job Substitutability and Gender Inequality

Lena Hensvik, Ghazala Azmat and Olof Rosenqvist

14981: Threat of Taxation, Stagnation and Social Unrest: Evidence from 19th Century Sicily

Gema Lax-Martinez, Dominic Rohner and Alessandro Saia

14980: Income-Driven Labor Market Polarization

Diego Comin, Ana Danieli and Martí Mestieri

14979: Concentration Screens for Horizontal Mergers

Volker Nocke and Michael D. Whinston

14978: Stackelberg Independence

Toomas Hinnosaar

14977: MPCs, MPEs and Multipliers: A Trilemma for New Keynesian Models

Adrien Auclert, Bence Bardoczy and Matthew Rognlie

14976: Solving Strong-Substitutes Product-Mix Auctions

Elizabeth Baldwin, Paul Goldberg, Paul Klemperer and Edwin Lock

14975: Identification of Firms' Beliefs in Structural Models of Market Competition

Victor Aguirregabiria

14974: Decentralizing Cooperation through Upstream Bilateral Agreements

Doh-Shin Jeon and Yassine Lefouili

14973: Tackling Youth Unemployment: Evidence from a Labor Market Experiment in Uganda

Livia Alfonsi, Oriana Bandiera, Vittorio Bassi, Robin Burgess, Imran Rasul, Munshi Sulaiman and Anna Vitali

14972: The Microeconomics of Cryptocurrencies

Hanna Halaburda, Guillaume Haeringer, Joshua Gans and Neil Gandal

14971: Competing with Robots: Firm-Level Evidence from France

Daron Acemoglu, Claire Lelarge and Pascual Restrepo

14970: Technology Adoption and Productivity Growth: Evidence from Industrialization in France

Juhász, Réka, Mara Squicciarini and Voigtländer, Nico

14969: Income inequality under Colonial Rule: Evidence from French Algeria, Cameroon, Tunisia, and Vietnam and comparisons with the British Empire 1920-1960

Facundo Alvaredo, Denis Cogneau and Thomas Piketty

14968: One Money, Many Markets: Monetary Transmission and Housing Financing in the Euro Area

Giancarlo Corsetti, Joao Duarte and Samuel Mann

14967: Comfort in Floating: Taking Stock of Twenty Years of Freely-Floating Exchange Rate in Chile

Elias Albagli, Mauricio Calani, Metodij Hadzi-Vaskov, Mario Marcel and Luca Ricci

14966: From Imitation to Innovation: Where Is all that Chinese R&D Going?

Michael Koenig, Kjetil Storesletten, Zheng Song and Fabrizio Zilibotti

14965: Barriers to Entry and Regional Economic Growth in China

Loren Brandt, Gueorgui Kambourov and Kjetil Storesletten

14964: Business Cycle during Structural Change: Arthur Lewis’ Theory from a Neoclassical Perspective

Kjetil Storesletten, Bo Zhao and Fabrizio Zilibotti