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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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11402: Designing Central Banks for Inflation Stability Downloads
Pierpaolo Benigno
11401: Nonlinearity and Flight-to-Safety in the Risk-Return Tradeoff for Stocks and Bonds Downloads
Tobias Adrian, Richard Crump and Erik Vogt
11400: Mobile-izing Savings with Automatic Contributions: Experimental Evidence on Present Bias and Default Effects in Afghanistan Downloads
Michael Callen, Joshua Blumenstock and Tarek Ghani
11399: Production Function Estimation with Measurement Error in Inputs Downloads
Jan De Loecker and Allan Collard-Wexler
11398: Innovation, Pricing and Targeting in Networks Downloads
Yves Zenou, Fabrizio Panebianco and Thierry Verdier
11397: Competitive Effects of Partial Control in an Input Supplier Downloads
Luis Cabral, Helder Vasconcelos and Duarte Brito
11396: Diversity and Employment Prospects: Neighbors Matter! Downloads
Hémet, Camille and Clément Malgouyres
11395: Input Reallocation Within Firms Downloads
Hylke Vandenbussche and Christian Viegelahn
11394: Monetary Policy, Financial Conditions, and Financial Stability Downloads
Tobias Adrian and Nellie Liang
11393: Sources of Change in the Life-Cycle Decisions of American Men and Women: 1962-2014 Downloads
Zvi Eckstein, Michael Keane and Osnat Lifshitz
11392: The Role of Auctions and Negotiation in Housing Prices Downloads
David Genesove and James Hansen
11391: Forecast Rationality Tests in the Presence of Instabilities, With Applications to Federal Reserve and Survey Forecasts Downloads
Barbara Rossi and Tatevik Sekhposyan
11390: FROM LATE TO MTE: ALTERNATIVE METHODS FOR THE EVALUATION OF POLICY INTERVENTIONS Downloads
Christian Dustmann, Thomas Cornelissen, Anna Raute and Uta Schonberg
11389: Product Mix and Firm Productivity Responses to Trade Competition Downloads
Thierry Mayer, Marc Melitz and Gianmarco Ottaviano
11388: In-sample Inference and Forecasting in Misspecified Factor Models Downloads
Barbara Rossi and Marine Carrasco
11387: Inherited Wealth and Demographic Aging Downloads
Pierre Pestieau and Harun Onder
11386: Job Creation in a Multi-Sector Labor Market Model for Developing Economies Downloads
Ravi Kanbur, Arnab Basu, Nancy Chau and Gary Fields
11385: CEO PAY AND THE RISE OF RELATIVE PERFORMANCE CONTRACTS: A QUESTION OF GOVERNANCE? Downloads
John van Reenen and Brian Bell
11384: Redistribution of Local Demand Shocks through Firms' Internal Networks Downloads
Holger Mueller and Xavier Giroud
11383: Fiscal Implications of Central Bank Balance Sheet Policies Downloads
Athanasios Orphanides
11382: The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective Downloads
Tobias Broer, Öberg, Erik and Niels-Jakob Hansen
11380: Bank Regulation, CEO Compensation, and Boards Downloads
Lóránth, Gyöngyi, Christian Laux and Julian Kolm
11379: Can Agents with Causal Misperceptions be Systematically Fooled? Downloads
Ran Spiegler
11378: Information Frictions and Market Power: A Laboratory Study Downloads
Xavier Vives, Anna Bayona and Jordi Brandts
11377: Electoral Accountability and the Natural Resource Curse: Theory and Evidence from India Downloads
Pramila Krishnan, Amrita Dhillon, Manasa Patnam and Carlo Perroni
11376: Correcting for Sample Selection From Competitive Bidding, with an Application to Estimating the Effect of Wages on Performance Downloads
Laurent Lamy, Manasa Patnam and Michael Visser
11375: The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization Downloads
Hans Gersbach, Oriol Tejada and Philippe Muller
11374: Gaussian Mixture Approximations of Impulse Responses and The Non-Linear Effects of Monetary Shocks Downloads
Régis Barnichon and Christian Matthes
11373: Understanding the Size of the Government Spending Multiplier: It's in the Sign Downloads
Régis Barnichon and Christian Matthes
11372: Flexibility versus stability. A difficult trade-off in the Eurozone Downloads
Paul De Grauwe and Yuemei Ji
11371: Women's Liberation as a Financial Innovation Downloads
Moshe Hazan, David Weiss and Hosny Zoabi
11370: Long-Term Care and Births Timing Downloads
Pierre Pestieau and Gregory Ponthiere
11369: Money and Capital in a Persistent Liquidity Trap Downloads
Kenza Benhima, Philippe Bacchetta and Yannick Kalantzis
11368: On the Money Creation Approach to Banking Downloads
Hans Gersbach and Salomon Faure
11367: The Changing Nature of Gender Selection into Employment: Europe over the Great Recession Downloads
Juan Dolado, García-Peñalosa, Cecilia and Linas Tarasonis
11366: The Influence of Ancestral Lifeways on Individual Economic Outcomes in Sub-Saharan Africa Downloads
Stelios Michalopoulos, Louis Putterman and David Weil
11365: The public economics of long term care Downloads
Pierre Pestieau and Gregory Ponthiere
11364: A Demand Theory of the Price Level Downloads
Marcus Hagedorn
11363: Learning through Crowdfunding Downloads
Gilles Chemla and Katrin Tinn
11362: Government as Borrower of First Resort Downloads
Gilles Chemla and Christopher Hennessy
11361: The Paradox of Policy-Relevant Natural Experiments Downloads
Gilles Chemla and Christopher Hennessy
11360: Subject Rational Expectations Will Contaminate Randomized Controlled Medical Trials Downloads
Gilles Chemla and Christopher Hennessy
11359: Long-term care social insurance. How to avoid big losses? Downloads
Pierre Pestieau and Justina Klimaviciute
11358: Tort Reform and Innovation Downloads
Alberto Galasso and Hong Luo
11357: The Political Economy of Public Debt: A Laboratory Study Downloads
Marco Battaglini, Salvatore Nunnari and Thomas Palfrey
11356: The Informational Theory of Legislative Committees: An Experimental Analysis Downloads
Marco Battaglini, Wooyoung Lim, Joseph Wang and Ernest Lai
11355: Forecasting Macroeconomic Variables under Model Instability Downloads
Allan Timmermann and Davide Pettenuzzo
11354: Forecasting in Economics and Finance Downloads
Allan Timmermann and Graham Elliott
11353: Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe R Downloads
Alan Taylor, David Aikman and Oliver Bush
11352: The Tail that Wags the Economy: Beliefs and Persistent Stagnation Downloads
Laura Veldkamp and Venky Venkateswaran
11351: Ethnic Favoritism: An Axiom of Politics? Downloads
Roland Hodler, Giacomo De Luca, Paul Raschky and ,
11350: When to Learn What in Bilateral Trade Downloads
Kfir Eliaz and Alexander Frug
11349: Cash for Carbon: A Randomized Controlled Trial of Payments for Ecosystem Services to Reduce Deforestation Downloads
Seema Jayachandran, Joost de Laat, Eric F. Lambin and Charlotte Stanton
11348: Peripheral Diversity: Transfers versus Public Goods Downloads
Klaus Desmet, Ortuño-Ortin, Ignacio and Shlomo Weber
11347: Challenges of Fiscal Policy in Emerging and Developing Economies Downloads
Ayhan Kose, Raju Huidrom and Franziska Ohnsorge
11346: Do Fiscal Multipliers Depend on Fiscal Positions? Downloads
Ayhan Kose, Raju Huidrom and Franziska Ohnsorge
11345: The Adverse Effect of Information on Governance and Leverage Downloads
Lóránth, Gyöngyi, Alan Morrison and Christian Laux
11344: Information transmission within federal fiscal architectures: Theory and evidence Downloads
Axel Dreher, Kai Gehring, Christos Kotsogiannis and Silvia Marchesi
11343: Persuasion Bias in Science: Can Economics Help? Downloads
Marco Ottaviani, Alfredo Di Tillio and Sørensen, Peter Norman
11342: Taxing Wealth: Evidence from Switzerland Downloads
Kurt Schmidheiny, Brülhart, Marius, Jonathan Gruber and Matthias Krapf
11341: Is there trickle-down from tech? Poverty, employment and the high-technology multiplier in US cities Downloads
Rodríguez-Pose, Andrés and Neil Lee
11340: Sovereign Risk, Bank Funding and Investors’ Pessimism Downloads
Ester Faia
11339: How Does Parental Divorce Affect Children's Long-term Outcomes? Downloads
Rudolf Winter-Ebmer, Wolfgang Frimmel and Martin Halla
11338: Does “Being Chosen to Lead†Induce Non-Selfish Behavior? Experimental Evidence on Reciprocity Downloads
Allan Drazen and Erkut Ozbay
11337: Optimal Automatic Stabilizers Downloads
Alisdair McKay
11336: Insurance Between Firms: The Role of Internal Labor Markets Downloads
Chiara Fumagalli, Giacinta Cestone, Francis Kramarz and Giovanni Pica
11335: The Silent Treatment Downloads
Kfir Eliaz, Geoffroy de Clippel and Kareen Rozen
11334: The Analytics of the Greek Crisis Downloads
Dimitri Vayanos, Pierre-Olivier Gourinchas and Thomas Philippon
11333: Relational Altruism and Giving in Social Groups Downloads
Kimberley Scharf and Sarah Smith
11332: Consumption Network Effects Downloads
Giacomo De Giorgi, Luigi Pistaferri and Anders Frederiksen
11331: A Structural Model of Electoral Accountability Downloads
Allan Drazen, S. Boragan Aruoba and Razvan Vlaicu
11330: Quality Leisure Time and Youth Development Downloads
Aderonke Osikominu and Benjamin Fuchs
11329: Macro, Money and Finance: A Continuous Time Approach Downloads
Markus Brunnermeier and Yuliy Sannikov
11328: Endowment Effects in the Field: Evidence from India's IPO Lotteries Downloads
Vimal Balasubramaniam and Santosh Anagol
11327: Can War Foster Cooperation? Downloads
Julie Chytilová, Christopher Blattman, Michal Bauer, Joseph Henrich, Edward Miguel and Tamar Mitts
11326: Multinational Banks and Supranational Supervision Downloads
Lóránth, Gyöngyi, Giacomo Calzolari and Jean-Edouard Colliard
11325: Does tax competition make mobile firms more footloose? Downloads
Ian Wooton, Ben Ferrett and Andreas Hoefele
11324: Currency Value Downloads
Lucio Sarno, Lukas Menkhoff, Maik Schmeling and Andreas Schrimpf
11323: Delegated information choice Downloads
Kristoffer Nimark and Stefan Pitschner
11322: Institutions vs. ‘First-Nature’ Geography – What Drives Economic Growth in Europe’s Regions? Downloads
Rodríguez-Pose, Andrés and Tobias Ketterer
11321: The Political Economy of Public Sector Absence: Experimental Evidence from Pakistan Downloads
Michael Callen, Saad Gulzar, Ali Hasanain and Muhammad Khan
11320: INFLATION TARGETS AND THE ZERO LOWER BOUND IN A BEHAVIORAL MACROECONOMIC MODEL Downloads
Paul De Grauwe and Yuemei Ji
11319: Liberals, Socialists, and pork-barrel politics in Greece Downloads
Rodríguez-Pose, Andrés, Yannis Psycharis and Vassilis Tselios
11318: Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires Downloads
Antonella Trigari, Mark Gertler and Christopher Huckfeldt
11317: The Sovereign-Bank Diabolic Loop and ESBies Downloads
Dimitri Vayanos, Markus Brunnermeier, Marco Pagano, David Thesmar, Luis Garicano, Philip Lane, Tano Santos and Stijn Van Nieuwerburgh
11316: The effects of banning advertising in junk food markets Downloads
Rachel Griffith, Pierre Dubois and Martin O'Connell
11315: Overlapping Ownership, R&D Spillovers, and Antitrust Policy Downloads
Xavier Vives and López, à ngel Luis
11314: Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances Downloads
Kalemli-Özcan, Sebnem
11313: Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake Downloads
Kalemli-Özcan, Sebnem and Yusuf Baskaya
11312: Management as a Technology Downloads
John van Reenen, Nicholas Bloom and Raffaella Sadun
11311: International Trade and Job Polarization: Evidence at the Worker-Level Downloads
Wolfgang Keller and Hale Utar
11310: Search Frictions, Competing Mechanisms and Optimal Market Segmentation Downloads
Pieter Gautier, Xiaoming Cai and Ronald Wolthoff
11309: The European Central Bank’s QE: A new hope Downloads
Tomasz Wieladek and Antonio Garcia Pascual
11308: Macroeconomics and Household Heterogeneity Downloads
Kurt Mitman, Dirk Krueger and Fabrizio Perri
11307: On the use of high frequency measures of volatility in MIDAS regressions Downloads
Elena Andreou
11306: Inflation expectations and monetary policy in Europe Downloads
Elena Andreou, Snezana Eminidou and Marios Zachariadis
11305: Is the Macroeconomy Locally Unstable and Why Should We Care? Downloads
Franck Portier, Paul Beaudry and Dana Galizia
11304: Leveraging Dominance with Credible Bundling Downloads
Doh-Shin Jeon, Sjaak Hurkens and Domenico Menicucci
11303: The Choice of Valuation Techniques in Practice: Education versus Profession Downloads
Kjell Nyborg and Lilia Mukhlynina
11302: Anticipating the Financial Crisis: Evidence from Insider Trading in Banks Downloads
Peydró, José-Luis, Ozlem Akin and Marín, José M
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