CEPR Discussion Papers

From Centre for Economic Policy Research
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13063: Location as an Asset

Adrien Bilal and Esteban Rossi-Hansberg

13062: A Coasian Model of International Production Chains

Thibault Fally and Russell Hillberry

13061: Disease Control and Inequality Reduction: Evidence from a Tuberculosis Testing and Vaccination Program

Bütikofer, Aline and Kjell G Salvanes

13060: Of Mice and Merchants: Trade and Growth in the Iron Age

Jan Bakker, Stephan Maurer, Jorn-Steffen Pischke and Ferdinand Rauch

13059: Politically feasible reforms of non-linear tax systems

Felix Bierbrauer and Pierre Boyer

13058: Innovation and Distribution: A General Equilibrium Model of Manufacturing and Retailing

Bart Bronnenberg

13057: When No Bad Deed Goes Punished: Relational Contracting in Ghana and the UK

Elwyn Davies and Marcel Fafchamps

13056: Narratives, Imperatives, and Moral Reasoning

Bénabou, Roland, Armin Falk and Jean Tirole

13055: Bribes vs. Taxes: Market Structure and Incentives

Francesco Amodio, Jieun Choi, Giacomo De Giorgi and Aminur Rahman

13054: Multilevel Marketing: Pyramid-Shaped Schemes or Exploitative Scams?

Yair Antler

13053: Do Elected Councils Improve Governance? Experimental Evidence on Local Institutions in Afghanistan

Ruben Enikolopov

13052: Towards a Theory of Platform Dynamics

Luis Cabral

13051: Are Bureaucrats Really Paid Like Bureaucrats?

Ruben Enikolopov

13050: Who benefits from universal child care? Estimating marginal returns to early child care attendance

Thomas Cornelissen, Christian Dustmann, Anna Raute and Schönberg, Uta

13049: Factors that Fit the Time Series and Cross-Section of Stock Returns

Martin Lettau and Markus Pelger

13048: Innovating in less developed regions: what drives patenting in the lagging regions of Europe and North America

Rodríguez-Pose, Andrés and Callum Wilkie

13047: Caseworker's discretion and the effectiveness of welfare-to-work programs

Jonneke Bolhaar, Nadine Ketel and Bas van der Klaauw

13046: Gravity and Migration before Railways: Evidence from Parisian Prostitutes and Revolutionaries

Morgan Kelly and Gráda, Cormac Ó

13045: The Supply of Skill and Endogenous Technical Change: Evidence From a College Expansion Reform

Pedro Carneiro, Kai Liu and Kjell G Salvanes

13044: The Role of Parenthood on the Gender Gap among Top Earners

Bütikofer, Aline, Sissel Jensen and Kjell G Salvanes

13043: Monetary Policy and Macroprudential Policy: Different and Separate?

Lars Svensson

13042: The Rise and Fall of the Natural Interest Rate

Gabriele Fiorentini, Alessandro Galesi, Pérez Quirós, Gabriel and Enrique Sentana

13041: When Short-Time Work Works

Pierre Cahuc, Francis Kramarz and Sandra Nevoux

13040: Mixed Bundling in Retail DVD Sales: Facts and Theories

Luis Cabral and Gabriel Natividad

13039: Why Has Economic Growth Slowed When Innovation Appears To Be Accelerating?

Robert J. Gordon

13038: Income contingent university loans: policy design and an application to Spain

Antonio Cabrales, Güell, Maia, Rocio Madera and Viola, Analía

13037: The Shocks Matter: Improving our Estimates of Exchange Rate Pass-Through

Kristin Forbes, Hjortsø, Ida and Tsvetelina Nenova

13036: How does product liability risk affect innovation? Evidence from medical implants

Alberto Galasso and Hong Luo

13035: Immigration and Redistribution

Alberto Alesina, Armando Miano and Stefanie Stantcheva

13034: The Forcasting Performance of Dynamic Factor Models with Vintage Data

Luca Di Bonaventura, Mario Forni and Francesco Pattarin

13033: Field of study and family outcomes

Elisabeth Artmann, Nadine Ketel, Hessel Oosterbeek and Bas van der Klaauw

13032: Bank Resolution and the Structure of Global Banks

Patrick Bolton and Martin Oehmke

13031: The Emergence of Weak, Despotic and Inclusive States

Daron Acemoglu and James A. Robinson

13030: Social Structure and Conflict: Evidence from Sub-Saharan Africa

Jacob Moscona, Nathan Nunn and James A. Robinson

13029: Option Prices and Costly Short-Selling

Adem Atmaz and Suleyman Basak

13028: Identification of causal mechanisms based on between-subject double randomization designs

Conny Wunsch and Renate Strobl

13027: Time-varying Price Flexibility and Inflation Dynamics

Ivan Petrella, Emiliano Santoro and Lasse Simonsen

13026: Credit Shocks, Employment Protection, and Growth: Firm-level Evidence from Spain

Luc Laeven, Peter McAdam and Alexander Popov

13025: Tax-Exempt Lobbying: Corporate Philanthropy as a Tool for Political Influence

Marianne Bertrand, Matilde Bombardini, Raymond Fisman and Francesco Trebbi

13024: Coming apart? Cultural distances in the United States over time

Marianne Bertrand and Emir Kamenica

13023: The Big Sort: Selective Migration and the Decline of Northern England, 1780-2018

Gregory Clark and Neil Cummins

13022: The importance of consumer multi-homing (joint purchases) for market performance: mergers and entry in media markets

Simon Anderson, Øystein Foros and Hans Jarle Kind

13021: Landmines and Spatial Development

Giorgio Chiovelli, Stelios Michalopoulos and Elias Papaioannou

13020: Foreign-Law Bonds: Can They Reduce Sovereign Borrowing Costs?

Marcos Chamon, Julian Schumacher and Christoph Trebesch

13019: Tactical Target Date Funds

Francisco Gomes, Alexander Michaelides and Yuxin Zhang

13018: The Scope of Sequential Screening with Ex-Post Participation Constraints

Dirk Bergemann, Francisco Castro and Gabriel Weintraub

13017: The Network Effects of Fiscal Adjustments

Edoardo Briganti, Carlo Favero and Madina Karamysheva

13016: Financial and Fiscal Interaction in the Euro Area Crisis: This Time was Different

Alberto Caruso, Lucrezia Reichlin and Giovanni Ricco

13015: Testing the Waters: Behavior across Participant Pools

Erik Snowberg and Leeat Yariv

13014: Crime, Broken Families, and Punishment

Emeline Bezin, Thierry Verdier and Yves Zenou

13013: The Slope of the Term Structure and Recessions: The Pre-Fed Evidence, 1857-1913

Stefan Gerlach and Rebecca Stuart

13012: Path Dependency in Jury Decision-Making

Anna Bindler and Randi Hjalmarsson

13011: Diversity and Growth

Mark Gradstein and Moshe Justman

13010: Why Have Negative Nominal Interest Rates Had Such a Small Effect on Bank Performance? Cross Country Evidence

Jose Lopez, Andrew Rose and Mark Spiegel

13009: Global Market Power

Jan De Loecker and Jan Eeckhout

13008: Corporate Borrowing and Debt Maturity: The Effects of Market Access and Crises

Juan J. Cortina, Tatiana Didier and Sergio Schmukler

13007: Adverse Selection, Efficiency and the Structure of Information

Heski Bar-Isaac, Ian Jewitt and Clare Leaver

13006: Macroeconomics with Heterogeneous Agents and Input-Output Networks

David Baqaee and Emmanuel Farhi

13005: The regional effects of Germany’s national minimum wage

Gabriel Ahlfeldt, Duncan Roth and Tobias Seidel

13004: Consumer Scores and Price Discrimination

Alessandro Bonatti and Gonzalo Cisternas

13003: Central Bank Swap Lines

Saleem Bahaj and Ricardo Reis

13002: The Economics of Language

Victor Ginsburgh and Shlomo Weber

13001: Managing Trade: Evidence from China and the US

Nicholas Bloom, Kalina Manova, John van Reenen, Stephen Teng Sun and Zhihong Yu

13000: Oligopoly, Macroeconomic Performance, and Competition Policy

Azar, José and Xavier Vives

12999: The Financial Transmission of Housing Booms: Evidence from Spain

Martín, Alberto, Enrique Moral-Benito and Tom Schmitz

12998: Financial Globalization and the Welfare State

Assaf Razin and Efraim Sadka

12997: Financing Durable Assets

Adriano Rampini

12996: Does Voluntary Risk Taking Affect Solidarity? Experimental Evidence from Kenya

Renate Strobl and Conny Wunsch

12995: Risky Choices and Solidarity: Why Experimental Design Matters

Conny Wunsch and Renate Strobl

12994: Bank Lending in the Knowledge Economy

Giovanni Dell'ariccia, Dalida Kadyrzhanova, Camelia Minoiu and Lev Ratnovski

12993: Uncertain altruism and non-linear long-term care policies

Chiara Canta and Helmuth Cremer

12992: Torn Apart? The Impact of Manufacturing Employment Decline on Black and White Americans

Eric Gould

12991: Are Rushed Privatizations Substandard? Analyzing Firm-level Privatization under Fiscal Pressure

Jan Hagemejer, Jan Svejnar and Joanna Tyrowicz

12990: Financing the War on Cancer

Ralph Koijen and Stijn Van Nieuwerburgh

12989: Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty

Paul Hufe, Ravi Kanbur and Andreas Peichl

12988: Behavioral Industrial Organization

Paul Heidhues and Köszegi, Botond

12987: Human Capital Formation during the First Industrial Revolution: Evidence from the Use of Steam Engines

Alexandra de Pleijt, Alessandro Nuvolari and Jacob Weisdorf

12986: Optimal Dynamic Matching

Mariagiovanna Baccara, SangMok Lee and Leeat Yariv

12985: Choked by Red Tape? The Political Economy of Wasteful Trade Barriers

Giovanni Maggi, Monika Mrazova and J. Peter Neary

12984: Trust and Delegated Investing: A Money Doctors Experiment

Maximilian Germann, Benjamin Loos and Martin Weber

12983: How EU Markets Became More Competitive Than US Markets: A Study of Institutional Drift

German Gutierrez and Thomas Philippon

12982: The Money View Versus the Credit View

Sarah Baker, López-Salido, J David and Edward Nelson

12981: Optimal Inflation and the Identification of the Phillips Curve

Michael McLeay and Silvana Tenreyro

12980: Instrumental Variables in the Long Run

Gregory Casey and Marc Klemp

12979: Financial Incentives and Earnings of Disability Insurance Recipients: Evidence from a Notch Design

Philippe Ruh and Stefan Staubli

12978: What is a foreign firm? Implications for productivity spillovers

Sara McGaughey, Pascalis Raimondos and Lisbeth la Cour

12977: Economic Shocks and Internal Migration

Joan Monras

12976: Sovereign Default in a Monetary Union

Sergio de Ferra and Federica Romei

12975: Forced Migration and Human Capital: Evidence from Post-WWII Population Transfers

Sascha Becker, Irena Grosfeld, Pauline Grosjean, Voigtländer, Nico and Ekaterina Zhuravskaya

12974: Automation and Unemployment: Help is on the Way

Hideki Nakamura and Joseph Zeira

12973: International Currencies and Capital Allocation

Matteo Maggiori, Brent Neiman and Jesse Schreger

12972: Accounting for Mismatch Unemployment

Benedikt Herz and Thijs van Rens

12971: Model-Free International Stochastic Discount Factors

Paula Mirela Sandulescu, Fabio Trojani and Andrea Vedolin

12970: Central Bank Communication and the Yield Curve

Matteo Leombroni, Andrea Vedolin, Gyuri Venter and Paul Whelan

12969: Global financial cycles and risk premiums

Oscar Jorda, Moritz Schularick, Alan Taylor and Felix Ward

12968: Monetary Policy Analysis when Planning Horizons are Finite

Michael Woodford

12967: Price stickiness along the income distribution and the effects of monetary policy

Javier Cravino, Ting Lan and Andrei Levchenko

12966: Open Rule Legislative Bargaining

Volker Britz and Hans Gersbach

12965: The term structure of redenomination risk

Christian Bayer, Chi Hyun Kim and Alexander Kriwoluzky

12964: Revenue Guarantee Equivalence

Dirk Bergemann, Benjamin Brooks and Stephen Morris