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CEPR Discussion Papers

From Centre for Economic Policy Research
33 Great Sutton Street, London EC1V 0DX, UK.

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12738: Do Dutch dentists extract monopoly rents? Downloads
Nadine Ketel, Hessel Oosterbeek, Edwin Leuven and Bas van der Klaauw
12737: Liquidity Regimes and Optimal Dynamic Asset Allocation Downloads
Pierre Collin-Dufresne, Kent Daniel and Mehmet Saglam
12736: The Effect of the H-1B Quota on the Employment and Selection of Foreign-Born Labor Downloads
Anna Maria Mayda, Francesc Ortega, Giovanni Peri and Chad Sparber
12735: The labor market integration of refugees to the United States: Do entrepreneurs in the network help? Downloads
Anna Maria Mayda, Jean-François Maystadt and Olivier Dagnelie
12734: Monetary Policy and Inequality under Labor Market Frictions and Capital-Skill Complementarity Downloads
Juan Dolado, Gergő Motyovszki and Evi Pappa
12733: Learning When to Quit: An Empirical Model of Experimentation Downloads
Emanuele Tarantino, Timothy S. Simcoe and Bernhard Ganglmair
12732: Does the Potential to Merge Reduce Competition? Downloads
Dirk Hackbarth and Bart Taub
12731: The Greek Justice System: Collapse and Reform Downloads
Elias Papaioannou and Stavroula Karatza
12730: Coordinated Capacity Reductions and Public Communication in the Airline Industry Downloads
Federico Ciliberto, Gaurab Aryal and Benjamin Leyden
12729: Unclogging the Credit Channel: on the Macroeconomics of Banking frictions Downloads
Sweder van Wijnbergen and Egle Jakucionyte
12728: Exports and labor costs: Evidence from a French Policy Downloads
Thierry Mayer and Clément Malgouyres
12727: Misallocation: Markups and Technology Downloads
Christian Bayer, Ariel Mecikovsky and Matthias Meier
12726: Understanding the Effects of Granting Work Permits to Undocumented Immigrants Downloads
Joan Monras, Vázquez-Grenno, Javier and Ferran Elias
12725: Regional lobbying and Structural funds. Do regional representation offices in Brussels deliver? Downloads
Rodríguez-Pose, Andrés and Julie Courty
12724: Waiting for the payday? The market for startups and the timing of entrepreneurial exit Downloads
Rønde, Thomas, Ashish Arora and Andrea Fosfuri
12723: The Optimal Inflation Target and the Natural Rate of Interest Downloads
Galí, Jordi, Philippe Andrade, Hervé Le Bihan and Julien Matheron
12722: Firms' Expectations of New Orders, Employment, Costs and Prices: Evidence from Micro Data Downloads
Lena Boneva, James Cloyne, Martin Weale and Tomasz Wieladek
12721: AI as the next GPT: a Political-Economy Perspective Downloads
Manuel Trajtenberg
12720: Agency Conflicts over the Short and Long Run: Short-termism, Long-termism, and Pay-for-Luck Downloads
Erwan Morellec, Sebastian Gryglewicz and Simon Mayer
12719: Perceived Wages and the Gender Gap in STEM Fields Downloads
Aderonke Osikominu and Gregor Pfeifer
12718: (The Struggle for) Refugee Integration into the Labour Market: Evidence from Europe Downloads
Tommaso Frattini, Francesco Fasani and Luigi Minale
12717: Optimal Taxes on Capital in the OLG Model with Uninsurable Idiosyncratic Income Risk Downloads
Dirk Krueger and Alexander Ludwig
12716: Quantile Factor Models Downloads
Juan Dolado, Liang Chen and Jesus Gonzalo
12715: Banker My Neighbour: Matching and Financial Intermediation in Savings Groups Downloads
Marcel Fafchamps and Rachel Cassidy
12714: Intuitive Donating: Testing One-Line Solicitations for $1 Donations in a Large Online Experiment Downloads
Dean Karlan and Samantha Horn
12713: Uncertainty and Economic Activity: A Multi-Country Perspective Downloads
Alessandro Rebucci, Ambrogio Cesa-Bianchi and Mohammad Pesaran
12712: The Price of Gold: Dowry and Death in India Downloads
Selim Gulesci, Sonia Bhalotra and Abhishek Chakravarty
12711: “Since you’re so rich, you must be really smartâ€: Talent and the Finance Wage Premium Downloads
Strömberg, Per, Daniel Metzger and Böhm, Michael
12710: What Drives Aggregate Investment? Evidence from German Survey Data Downloads
Ruediger Bachmann and Peter Zorn
12709: Communication in Context: Interpreting Promises in an Experiment on Competition and Trust Downloads
Alessandra Casella, Navin Kartik, Luis Sanchez and Turban, Sébastien
12708: Differentiated Durable Goods Monopoly: A Robust Coase Conjecture Downloads
Pasquale Schiraldi and Francesco Nava
12707: Decomposing Firm-Product Appeal: How important is Consumer Taste? Downloads
Hylke Vandenbussche, Bee Yan Aw-Roberts and Yi Lee
12706: Delegated Expertise, Authority, and Communication Downloads
Dezsoe Szalay and Inga Deimen
12705: The cost of non-TTIP: A Global Value Chain Approach Downloads
Hylke Vandenbussche, William Connell Garcia and Wouter Simons
12704: Taste for Science, Academic Boundary Spanning and Inventive Performance of Scientists and Engineers in Industry Downloads
Reinhilde Veugelers and Sam Arts
12703: What Do Trade Agreements Really Do? Downloads
Dani Rodrik
12702: Talent Development and Labour Market Integration: The Case of EU Football Downloads
Lars Persson, Norbäck, Pehr-Johan and Martin Olsson
12701: Shift-Share Instruments and the Impact of Immigration Downloads
Jan Stuhler, David Jaeger and Joakim Ruist
12700: Evaluating the case for supporting renewable electricity Downloads
David M Newbery
12699: Dynamic Contracting with Limited Commitment and the Ratchet Effect Downloads
Dino Gerardi
12698: Wage Inequality and Establishment Heterogeneity Downloads
Jozef Konings and In Kim
12697: The Effect of Minority Veto Rights on Controller Tunneling Downloads
Yishay Yafeh, Jesse Fried and Ehud Kamar
12696: Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets Downloads
Maurice Obstfeld, Jonathan Ostry and Mahvash Qureshi
12695: Creative and science-oriented employees and firm-level innovation Downloads
Rodríguez-Pose, Andrés, Stephan Brunow and Antonia Birkeneder
12694: Safe Haven CDS Premiums Downloads
David Lando and Sven Klinger
12693: Protectionism and the Business Cycle Downloads
Fabio Ghironi, Alessandro Barattieri and Matteo Cacciatore
12692: Forecasting Methods in Finance Downloads
Allan Timmermann
12691: On the Empirical (Ir)Relevance of the Zero Lower Bound Constraint Downloads
Davide Debortoli, Galí, Jordi and Luca Gambetti
12690: Principle or Opportunism? Discretion, Capital, and Incentives Downloads
Michel Habib and Josef Falkinger
12689: Market Discipline and Systemic Risk Downloads
Alan Morrison and Ansgar Walther
12688: The corporate structure of multinational banks Downloads
Alan Morrison and Lóránth, Gyöngyi
12687: Risk Everywhere: Modeling and Managing Volatility Downloads
Lasse Pedersen, Tim Bollerslev, Benjamin Hood and John Huss
12686: Betting Against Correlation: Testing Theories of the Low-Risk Effect Downloads
Lasse Pedersen, Clifford S. Asness, Andrea Frazzini and Niels Gormsen
12685: Deep Value Downloads
Lasse Pedersen, Clifford S. Asness, John M. Liew and Ashwin K Thapar
12684: Size Matters, if You Control Your Junk Downloads
Lasse Pedersen, Clifford S. Asness, Andrea Frazzini and Ronen Israel
12683: Turbulence and Unemployment in Matching Models Downloads
Lars Ljungqvist, Thomas Sargent and Isaac Baley
12682: Consistent non-Gaussian pseudo maximum likelihood estimators Downloads
Enrique Sentana and Gabriele Fiorentini
12681: Monetary Policy and Financial Conditions: A Cross-Country Study Downloads
Tobias Adrian, Fernando Duarte, Federico Grinberg and Tommaso Mancini-Griffoli
12680: Financial Vulnerability and Monetary Policy Downloads
Tobias Adrian and Fernando Duarte
12679: ‘Getting to Denmark’: the Role of Elites for Development Downloads
Paul Sharp, Peter Jensen, Markus Lampe and Christian Skovsgaard
12678: Financial spillovers of international monetary policy: Six hypotheses on the Latin American case, 2010-2016 Downloads
Sylvester Eijffinger and Jonathan Malagon
12677: Risk-Taking Channel of Monetary Policy Downloads
Tobias Adrian, Arturo Estrella and Hyun Song Shin
12676: A Leverage-Based Measure of Financial Stability Downloads
Tobias Adrian, Alexander Tepper and Karol Borowiecki
12675: Does Early Child Care Affect Children's Development? Downloads
Rafael Lalive and Christina Felfe
12674: Common Ownership, Competition, and Top Management Incentives Downloads
Martin Schmalz, Florian Ederer, Mireia Gine and Antón, Miguel
12673: The Reform Dilemma in Polarized Democracies Downloads
Hans Gersbach and Oriol Tejada
12672: Balanced Voting Downloads
Hans Gersbach and Kamali Wickramage
12671: Monetary Policy and Asset Valuation Downloads
Martin Lettau, Sydney Ludvigson and Francesco Bianchi
12670: The Nature of Firm Growth Downloads
Vincent Sterk, SedlÃ¡Ä ek, Petr and Benjamin Pugsley
12669: Supply Shocks in the Market for Apprenticeships: Evidence from a German High School Reform Downloads
Gerard Pfann, Samuel Muehlemann, Harald Pfeifer and Hans Dietrich
12668: Can Technology Undermine Macroprudential Regulation? Evidence from Peer-to-Peer Credit in China Downloads
Alberto Manconi, Fabio Braggion and Haikun Zhu
12667: Integrability and Generalized Separability Downloads
Thibault Fally
12666: Debt Traps? Market Vendors and Moneylender Debt in India and the Philippines Downloads
Dean Karlan, Sendhil Mullainathan and Benjamin N. Roth
12665: Generalized Recovery Downloads
Lasse Pedersen, Christian Skov Jensen and David Lando
12664: Efficiently Inefficient Markets for Assets and Asset Management Downloads
Lasse Pedersen and Nicolae Bogdan Garleanu
12663: Disentangling Occupation- and Sector-specific Technological Change Downloads
Zsofia Barany and Christian Siegel
12662: Israel’s Immigration Story: Winners and Losers Downloads
Assaf Razin
12661: News Shocks and the Production-Based Term Structure of Equity Returns Downloads
Mariano Croce, Hengjie Ai, Kai Li and Anthony Diercks
12660: Ice(berg) transport costs Downloads
Maarten Bosker and Eltjo Buringh
12659: The Microfinance Disappointment: An Explanation based on Risk Aversion Downloads
Omer Moav, Alexey Khazanov, Zvika Neeman and Hosny Zoabi
12658: Show us your shorts! Downloads
Bige Kahraman and Salil Pachare
12657: Paths to Convergence: Stock Price Behavior After Donald Trump's Election Downloads
Alexander Wagner, Richard Zeckhauser and Alexandre Ziegler
12656: Time-Consistently Undominated Policies Downloads
Charles Brendon and Martin Ellison
12655: What do we know about the effects of austerity? Downloads
Carlo Favero, Francesco Giavazzi and Alberto Alesina
12654: Exchange Rate Exposure and Firm Dynamics Downloads
Liliana Varela and Juliana Salomao
12653: Unpacking a Multi-Faceted Program to Build Sustainable Income for the Very Poor Downloads
Dean Karlan, Abhijit Banerjee, Robert Osei, Hannah Trachtman and Christopher Udry
12652: A Trendy Approach to UK Inflation Dynamics Downloads
Kristin Forbes, Lewis Kirkham and Konstantinos Theodoridis
12651: Effects of Copyrights on Science - Evidence from the US Book Republication Program Downloads
Petra Moser and Barbara Biasi
12650: Forward Guidance and Heterogeneous Beliefs Downloads
Gaetano Gaballo, Philippe Andrade, Eric Mengus and Benoit Mojon
12649: On the Effect of Parallel Trade on Manufacturers' and Retailers' Profits in the Pharmaceutical Sector Downloads
Pierre Dubois and Morten Sæthre
12648: Reputations and credit ratings: evidence from commercial mortgage-backed securities Downloads
Ramin Baghai and Bo Becker
12647: Policies for decarbonizing a liberalized power sector Downloads
David M Newbery
12646: Financial constraints, institutions, and foreign ownership Downloads
Nicolas Berman, Ron Alquist, Rahul Mukherjee and Linda Tesar
12645: Managing Relational Contracts Downloads
Marta Troya Martinez and Liam Wren-Lewis
12644: Tourism and Economic Development: Evidence from Mexico’s Coastline Downloads
Gaubert, Cécile and Benjamin Faber
12643: Pricing Assets in a Perpetual Youth Model Downloads
Roger Farmer
12642: Pricing Carbon Under Economic and Climactic Risks: Leading-Order Results from Asymptotic Analysis Downloads
Frederick (Rick) van der Ploeg and ,
12641: The Macroeconomics of Rational Bubbles: A User's Guide Downloads
Jaume Ventura and Martín, Alberto
12640: Persuasion with Correlation Neglect: Media Power via Correlation of News Content Downloads
Gilat Levy, Ines Moreno de Barreda and Ronny Razin
12639: The ladder of internationalization modes: Evidence from European firms Downloads
Békés, Gábor and Muraközy, Balázs
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