CEPR Discussion papers
December 2014
- DP10324 - Product Line Design
Simon P Anderson, Levent Celik - DP10323 - Moderating Political Extremism: Single Round vs Runoff Elections under Plurality Rule
Massimo Bordignon, Tommaso Nannicini, Guido Tabellini - DP10322 - The Long and the Short of It: Sovereign Debt Crises and Debt Maturity
Raquel , Alberto Martin - DP10321 - Which club should I attend, Dad?: Targeted socialization and production
Facundo Albornoz-Crespo, Antonio Cabrales, Esther Hauk - DP10320 - Political and Economic Institutions of China and Their Influences
Cheng-Gang Xu - DP10319 - Business Cycle Fluctuations and the Distribution of Consumption
Giacomo De Giorgi, Luca Gambetti - DP10318 - Option-Based Credit Spreads
Christopher L. Culp, Yoshio Nozawa, Pietro Veronesi - DP10317 - Gender Differences in Honesty: Groups Versus Individuals
Gerd Muehlheusser, Andreas Roider, Niklas Wallmeier - DP10316 - Capital Regulation in a Macroeconomic Model with Three Layers of Default
Laurent Clerc, Alexis Derviz, Caterina Mendicino, Moyen, Kalin Nikolov, Livio Stracca, Javier Suarez, Alexandros Vardoulakis - DP10315 - Austerity
Harris Dellas, Dirk Niepelt - DP10314 - Global Liquidity and Drivers of Cross-Border Bank Flows
Eugenio Cerutti, Stijn Claessens, Lev Ratnovski - DP10313 - Pricing a Package of Services
Felix Ketelaar, Dezso Szalay - DP10312 - Managerial Incentive Problems and Return Distributions
Dezso Szalay, Venuga Yokeeswaran - DP10311 - Bailouts And Moral Hazard: How Implicit Government Guarantees Affect Financial Stability
Mike Mariathasan, Ouarda Merrouche, Charlotte Werger - DP10310 - The Margins of Global Sourcing: Theory and Evidence from U.S. Firms
Pol , Teresa C Fort, Felix Tintelnot - DP10309 - Corporate Cash and Employment
Philippe Bacchetta, Kenza Benhima, Poilly - DP10308 - The Long Run Human Capital and Economic Consequences of High-Stakes Examinations
Avraham Ebenstein, Victor Lavy, Sefi Roth - DP10307 - Nether Lands: Evidence on the price and perception of rare flood disasters
Maarten Bosker, Harry Garretsen, Gerard Marlet, Clemens van Woerkens - DP10306 - Accounting for Post-Crisis Inflation and Employment: A Retro Analysis
Chiara Fratto, Harald Uhlig - DP10305 - Betting the House
Moritz Schularick, Alan M. Taylor - DP10304 - The Impact of the Shale Oil Revolution on U.S. Oil and Gasoline Price
Lutz Kilian - DP10303 - Defaults and Donations: Evidence from a Field Experiment
Steffen Altmann, Armin Falk, Paul Heidhues, Raji Jayaraman - DP10302 - The Impact of Short Term Exposure to Ambient Air Pollution on Cognitive Performance and Human Capital Formation
Avraham Ebenstein, Victor Lavy, Sefi Roth - DP10301 - Consumer valuation of fuel costs and the effectiveness of tax policy: Evidence from the European car market
Laura Grigolon, Mathias Reynaert, Frank Verboven - DP10300 - Banks Exposure to Interest Rate Risk and The Transmission of Monetary Policy
Augustin Landier, David Sraer, David Thesmar - DP10299 - A Dynamic Model of Banking with Uninsurable Risks and Regulatory Constraints
Jochen Mankart, Alexander Michaelides, Spyros Pagratis - DP10298 - Impulse Response Matching Estimators for DSGE Models
Pablo A. Guerron-Quintana, Atsushi Inoue, Lutz Kilian - DP10297 - Life During Structural Transformation
Jonathan Temple, Huikang Ying - DP10296 - Drivers of Structural Change in Cross-Border Banking Since the Global Financial Crisis
Franziska Bremus, Marcel Fratzscher - DP10295 - Banking Integration and House Price Comovement
Augustin Landier, David Sraer, David Thesmar - DP10294 - Can Unemployment Insurance Spur Entrepreneurial Activity?
Johan Hombert, Antoinette S Schoar, David Sraer, David Thesmar - DP10293 - Returns to Office in National and Local Politics
Kaisa Kotakorpi, Panu Poutvaara, Marko - DP10292 - Intergenerational inequality aversion, growth and the role of damages: Occam's rule for the global carbon tax
Armon Rezai, Frederick van der Ploeg - DP10291 - Growth, Slowdowns, and Recoveries
Francesco Bianchi, Howard Kung - DP10290 - Network Games with Incomplete Information
Joan , Yves Zenou - DP10289 - Euro-Area and US Banks Behavior, and ECB-Fed Monetary Policies during the Global Financial Crisis: A Comparison
Alex Cukierman - DP10288 - A Theory of Wage Adjustment under Loss Aversion
Steffen Ahrens, Inske Pirschel, Dennis J. Snower - DP10287 - Inference about Non-Identified SVARs
Raffaella Giacomini, Toru Kitagawa - DP10286 - The Curse of Inflation
Erik Eyster, , Pascal Michaillat - DP10285 - Are Retail Traders Compensated for Providing Liquidity?
Barrot, Ron Kaniel, David Sraer - DP10284 - Auctions vs. Negotiations: The Effects of Inefficient Renegotiation
Fabian Herweg, Klaus M. Schmidt - DP10283 - The academic and labor market returns of university professors
Michela Braga, Marco Paccagnella, Michele Pellizzari - DP10282 - Urban land use
Gilles Duranton, Diego Puga - DP10281 - Government Debt Management: The Long and the Short of It
Elisa Faraglia, Albert Marcet, Rigas Oikonomou, Andrew Scott - DP10280 - A new measure of skills mismatch: theory and evidence from the Survey of Adult Skills (PIAAC)
Anne Fichen, Michele Pellizzari - DP10279 - The Generalized Informativeness Principle
Pierre Chaigneau, Alex Edmans, Daniel Gottlieb - DP10278 - Insurance companies of the poor
Tessa Bold, Stefan Dercon - DP10277 - Key Players
Yves Zenou - DP10276 - Exporting and Firm Performance: Evidence from a Randomized Trial
David Atkin, Amit Khandelwal, Adam Osman
November 2014
- DP10275 - Measuring the bias of technological change
Ulrich Doraszelski, Jordi Jaumandreu - DP10274 - First-Mover Advantage in Round-Robin Tournaments
Alex Krumer, Reut Megidish, Aner Sela - DP10273 - Dynamic Spatial Competition Between Multi-Store Firms
Victor Aguirregabiria, Gustavo Vicentini - DP10272 - Following the Trend: Tracking GDP when Long-Run Growth is Uncertain
Juan Antolin-Diaz, Thomas Drechsel, Ivan Petrella - DP10271 - Risky sexual behavior: biological markers and self-reported data
Lucia Corno, De Paula - DP10270 - Can active labor market policy be counter-productive?
Gilles Saint-Paul - DP10269 - How Darwinian should an economy be?
Gilles Saint-Paul - DP10267 - Human Capital and Optimal Redistribution
Winfried Koeniger, Julien Prat - DP10266 - Financial Constraints in Search Equilibrium
Tito Boeri, Pietro Garibaldi, Espen R Moen - DP10265 - Bank Liabilities Channel
Vincenzo Quadrini - DP10264 - International Banking: the Isolation of the Euro Area
Vincent Bouvatier, Anne-Laure Delatte - DP10263 - Innovation in creative cities: Evidence from British small firms
Neil Lee, Andres Rodriguez-Pose - DP10262 - The Power of the Street: Evidence from Egypt's Arab Spring
Daron Acemoglu, Tarek Hassan, Ahmed Tahoun - DP10261 - Do Funds Make More When They Trade More?
Lubos Pastor, Robert F. Stambaugh, Lucian Taylor - DP10260 - Housing Collateral, Credit Constraints and Entrepreneurship - Evidence from a Mortgage Reform
Thais Laerkholm Jensen, Leth-Petersen, Ramana Nanda - DP10259 - How Does Tax Progressivity and Household Heterogeneity Affect Laffer Curves?
Hans A. Holter, Dirk Krueger, Serhiy Stepanchuk - DP10258 - Further Evidence on the Link between Pre-Colonial Political Centralization and Comparative Economic Development in Africa
Stelios Michalopoulos, Elias Papaioannou - DP10257 - On the Ethnic Origins of African Development: Chiefs and Pre-colonial Political Centralization
Stelios Michalopoulos, Elias Papaioannou - DP10256 - The Impact of a Permanent Income Shock on the Situation of Women in the Household: the case of a pension reform in Argentina
Berniell, Dolores de la Mata, Matilde Pinto Machado - DP10255 - New trade models, elusive welfare gains
Kristian Behrens, Yoshitsugu Kanemoto, Yasusada Murata - DP10254 - Credence Goods, Costly Diagnosis, and Subjective Evaluation
Helmut Bester, Matthias Dahm - DP10253 - Regional Policy Evaluation: Interactive Fixed Effects and Synthetic Controls
Laurent Gobillon, Thierry Magnac - DP10252 - The Transmission of Liquidity Shocks: Evidence from Credit Rating Downgrades
Philippe Karam, Ouarda Merrouche, Moez Souissi, Rima Turk - DP10251 - Financial Development and Technology Diffusion
Diego Comin, Ramana Nanda - DP10250 - Monetarism rides again? US monetary policy in a world of Quantitative Easing
Vo Phuong Mai Le, David Meenagh, Patrick Minford - DP10249 - Overdeterrence of repeat offenders when penalties for first-time offenders are restricted
Daniel Muller, Patrick W Schmitz - DP10248 - Strong versus Weak Ties in Migration
Corrado Giulietti, Jackline Wahba, Yves Zenou - DP10247 - Optimal Taxation with Rent-Seeking
Casey Rothschild, Florian Scheuer - DP10246 - Dual Labour Markets and (Lack of) On-The-Job Training: PIAAC Evidence from Spain and Other EU Countries
Antonio Cabrales, Juan J. Dolado, Ricardo Mora - DP10245 - Does Marriage Make You Healthier?
Nezih Guner, Yuliy Kulikova, Joan Llull - DP10244 - The Rise of the Machines: Automation, Horizontal Innovation and Income Inequality
David Hemous, Morten Olsen - DP10243 - The Impact of Maximum Markup Regulation on Prices
Christos D. Genakos, Pantelis Koutroumpis, Mario Pagliero - DP10242 - Trade and Tasks: An Exploration over Three Decades in Germany
Sascha O. Becker, Marc-Andreas Muendler - DP10241 - Cultural diversity and entrepreneurship in England and Wales
Daniel Hardy, Andres Rodriguez-Pose - DP10240 - The role of fiscal policy in Britain's Great Inflation
Jingwen Fan, Patrick Minford, Zhirong Ou - DP10239 - How good are out of sample forecasting Tests on DSGE models?
Patrick Minford, Yongdeng Xu, Peng Zhou - DP10238 - A DSGE Model of China
Li Dai, Patrick Minford, Peng Zhou - DP10237 - Dealer Networks
Dan Li, Norman - DP10236 - Predicting the VIX and the Volatility Risk Premium: What's Credit and Commodity Volatility Risk Got To Do With It?
Elena Andreou, Eric Ghysels - DP10235 - Growth, Trade, and Inequality
Gene Grossman, Elhanan Helpman - DP10234 - Momentum Trading, Return Chasing, and Predictable Crashes
Benjamin Chabot, Eric Ghysels, Ravi Jagannathan - DP10233 - Basic versus supplementary health insurance: the role of cost effectiveness and prevalence
Jan Boone - DP10232 - Exchange Rates Dynamics with Long-Run Risk and Recursive Preferences
Robert Kollmann - DP10231 - Early Maternal Time Investment and Early Child Outcomes
Emilia del Bono, Marco Francesconi - DP10230 - Monetary Policy and Bank Lending Rates in Low-Income Countries: Heterogeneous Panel Estimates
Prachi Mishra, Peter J Montiel, Peter Pedroni, Antonio Spilimbergo - DP10229 - Should central banks provide reserves via repos or outright bond purchases?
David Miles, Jochen Schanz - DP10228 - Do Female Executives Make a Difference? The Impact of Female Leadership on Gender Gaps and Firm Performance
Luca Flabbi, Mario Macis, Andrea Moro, Fabiano Schivardi
October 2014
- DP10227 - Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data
Emmanuel Saez, Gabriel Zucman - DP10226 - Macroinsurance for Microenterprises: A Randomized Experiment in Post-Revolution Egypt
David McKenzie - DP10225 - Radio Frequency (Un)Identification: Results from a Proof-of-Concept Trial of the use of RFID Technology to Measure Microenterprise Turnover in Sri Lanka
Suresh De Mel, David McKenzie - DP10224 - THE FUTURE IN MIND: ASPIRATIONS AND FORWARD-LOOKING BEHAVIOUR IN RURAL ETHIOPIA
Tanguy Bernard, Stefan Dercon, Kate Orkin, Alemayehu Taffesse - DP10223 - Central Banks: Powerful, Political and Unaccountable?
Willem H. Buiter - DP10222 - Germs, Social Networks and Growth
Alessandra Fogli, Laura Veldkamp - DP10221 - Do Single-Sex Classes Affect Achievement? An Experiment in a Coeducational University
Alison L Booth, Lina Cardona Sosa, Patrick Nolen - DP10220 - Price Dynamics with Customer Markets
Luigi Paciello, Andrea Pozzi, Nicholas Trachter - DP10219 - Optimal trade policy with monopolistic competition and heterogeneous firms
Jan I. Haaland, Anthony J Venables - DP10218 - Transmission of preferences and beliefs about female labor market participation: direct evidence on the role of mothers
Jesus Carro, Matilde Pinto Machado, Ricardo Mora - DP10217 - Incentive Pay and Bank Risk-Taking:Evidence from Austrian, German, and Swiss Banks
Matthias Efing, Harald Hau, Patrick , Johannes Steinbrecher - DP10216 - Welfare Benefits of Agglomeration and Worker Heterogeneity
Henri L.F. De Groot, Ioulia V. Ossokina, Coen N Teulings - DP10215 - Unintended Effects of Anonymous Resumes
Luc Behaghel, Bruno , Thomas Le Barbanchon - DP10214 - Switching Risk Off: FX Correlations and Risk Premia
Alessandro Beber, Michael Brandt, Jason Cen - DP10213 - Equity Recourse Notes: Creating Counter-cyclical Bank Capital
Jeremy I. Bulow, Paul Klemperer - DP10212 - The Bali Trade Facilitation Agreement and Rulemaking in the WTO: Milestone, Mistake or Mirage?
Bernard Hoekman - DP10211 - Foreign Aid and Domestic Absorption
Jonathan Temple, Nicolas van de Sijpe - DP10210 - Is Government Spending at the Zero Lower Bound Desirable?
Florin Ovidiu Bilbiie, Tommaso Monacelli, Roberto Perotti - DP10209 - International Financial Integration and Crisis Contagion
Michael B Devereux, Changhua Yu - DP10208 - High Marginal Tax Rates on the Top 1%? Lessons from a Life Cycle Model with Idiosyncratic Income Risk
Fabian Kindermann, Dirk Krueger - DP10207 - Transaction costs and the property rights approach to the theory of the firm
Daniel Muller, Patrick W Schmitz - DP10206 - Saving for a (not so) Rainy Day: A Randomized Evaluation of Savings Groups in Mali
Lori Beaman, Dean S. Karlan, Bram Thuysbaert - DP10205 - The Confidence Effects of Fiscal Consolidations
Roel Beetsma, Jacopo Cimadomo, Oana Furtuna, Massimo Giuliodori - DP10204 - Embracing Diversity: Plurilateral Agreements and the Trading System
Bernard Hoekman, Petros C Mavroidis - DP10203 - Real Exchange Rates and Sectoral Productivity in the Eurozone
Martin Berka, Michael B Devereux, Charles M Engel - DP10202 - Exchange Rate Flexibility under the Zero Lower Bound
David Cook, Michael B Devereux - DP10201 - Economic theory and forecasting: lessons from the literature
Raffaella Giacomini - DP10200 - Interaction Between Monetary Policy and Regulatory Capital Requirements
Chuan Du, David K Miles - DP10199 - Basic versus supplementary health insurance: moral hazard and adverse selection
Jan Boone - DP10198 - Effective Corporate Taxation, Tax Incidence and Tax Reforms: Evidence from OECD Countries
Salvador Barrios, , Antonio Jesus Sanchez Fuentes - DP10197 - How did we get to where we are now? Reflections on 50 years of macroeconomic and financial econometrics
Michael R. Wickens - DP10196 - Wealth Shocks, Unemployment Shocks and Consumption in the Wake of the Great Recession
Dimitris Christelis, Dimitris Georgarakos, Tullio Jappelli - DP10195 - A Distant Mirror of Debt, Default, and Relief
Carmen M. Reinhart, Christoph Trebesch - DP10194 - The Impact of the Global Financial Crisis on Banking Globalization
Stijn Claessens, Neeltje Van Horen - DP10193 - Exceptional policies for exceptional times: The ECB's response to the rolling crises of the Euro Area, and how it has brought us towards a new grand bargain
Huw Pill, Lucrezia Reichlin - DP10192 - Optimal Effort Incentives in Dynamic Tournaments
Arnd Heinrich Klein, Armin Schmutzler - DP10191 - In-season head-coach dismissals and the performance of professional football teams
Jan C van Ours, Martin Van Tuijl - DP10190 - Smooth, strategic communication
Inga Deimen, Dezso Szalay - DP10189 - Inspecting the Mechanism: Leverage and the Great Recession in the Eurozone
Philippe Martin, Thomas Philippon - DP10188 - The Elephant in the Ground: Managing Oil and Sovereign Wealth
Ton Van Den Bremer, Frederick van der Ploeg, Samuel Wills - DP10187 - Assessing Market Failures in Export Pioneering Activities: A Structural Estimation Approach
Shang-Jin Wei, Ziru Wei, Jianhuan Xu - DP10186 - Can we Automate Earnings Forecasts and Beat Analysts?
Ryan Ball, Eric Ghysels, Huan Zhou - DP10185 - Corporate Governance and Bank Insolvency Risk: International Evidence
Deniz Anginer, Asli Demirguc-Kunt, Harry Huizinga, Kebin Ma - DP10184 - Agglomeration theory with heterogeneous agents
Kristian Behrens, Robert-Nicoud - DP10183 - The Role of Card Acceptance in the Transaction Demand for Money
Kim P. Huynh, Philipp Schmidt-Dengler, Helmut Stix - DP10182 - Severance Pay
Tito Boeri, Pietro Garibaldi, Espen R Moen - DP10181 - Direct and Cross-Scheme Effects in a Research and Development Subsidy Program
Hanna Hottenrott, Cindy Lopes Bento, Reinhilde Veugelers - DP10180 - The Value of Informativeness for Contracting
Pierre Chaigneau, Alex Edmans, Daniel Gottlieb - DP10179 - Are Donors Afraid of Charities' Core Costs? Scale Economies in Non-profit Provision
Carlo Perroni, Ganna Pogrebna, Sarah Sandford, Kimberley Scharf
September 2014
- DP10178 - Incumbency Advantage in Non-Democracies
Georgy Egorov, Konstantin Sonin - DP10177 - Provider competition and over-utilization in health care
Jan Boone, Rudy Douven - DP10176 - Exclusive Dealing and Vertical Integration in Interlocking Relationships
Volker Nocke, Patrick Rey - DP10175 - Competitive on-the-job search
Pietro Garibaldi, Espen R Moen, Dag Einar Sommervoll - DP10174 - The empirics of agglomeration economies
Pierre-Philippe Combes, Laurent Gobillon - DP10173 - Common-Value All-Pay Auctions with Asymmetric Information and Bid Caps
Ezra Einy, Ori Haimanko, Ram Orzach, Aner Sela - DP10172 - Managerial Practices and Students' Performance
Adriana Di Liberto, Fabiano Schivardi, Giovanni Sulis - DP10171 - Shrouded Transaction Costs
Bourguignon, Renato Gomes, Jean Tirole - DP10170 - Preschools and early childhood development in a second best world: Evidence from a scaled-up experiment in Cambodia
Adrien Bouguen, Deon Filmer, Karen Macours, Sophie Naudeau - DP10169 - Can selective immigration policies reduce migrants' quality?
Simone Bertoli, Vianney Dequiedt, Yves Zenou - DP10168 - Window Selection for Out-of-Sample Forecasting with Time-Varying Parameters
Atsushi Inoue, Lu Jin, Barbara Rossi - DP10167 - Optimal Life Cycle Unemployment Insuranc
Claudio Michelacci, Ruffo - DP10166 - No Price Like Home: Global House Prices, 1870-2012
Katharina Knoll, Moritz Schularick, Thomas Steger - DP10165 - The Effects of a Money-Financed Fiscal Stimulu
Jordi - DP10164 - Trade Flows and Trade Disputes
Chad P. Bown, Kara M. Reynolds - DP10163 - Technology Diffusion: Measurement, Causes and Consequences
Diego Comin, Mestieri - DP10162 - A General Approach to Recovering Market Expectations from Futures Prices With an Application to Crude Oil
Christiane Baumeister, Lutz Kilian - DP10161 - The Great Mortgaging: Housing Finance, Crises, and Business Cycles
Moritz Schularick, Alan M. Taylor - DP10160 - A Bayesian MIDAS Approach to Modeling First and Second Moment Dynamics
Davide Pettenuzzo, Allan G Timmermann, Rossen Valkanov - DP10159 - Customary Norms, Inheritance, and Human Capital: Evidence from a Reform of the Matrilineal System in Ghana
Eliana La Ferrara, Annamaria Milazzo - DP10158 - Storable Votes and Judicial Nominations in the U.S. Senate
Alessandra Casella, Turban, Gregory Wawro - DP10157 - Competition in the Cryptocurrency Market
Neil Gandal, Hanna Halaburda - DP10156 - Horizontal Mergers and Product Quality
Kurt Richard Brekke, Luigi Siciliani, Odd Rune Straume - DP10155 - Average-cost Pricing and Dynamic Selection Incentives in the Hospital Sector
Mathias Kifmann, Luigi Siciliani - DP10154 - Channeling the Say in Political Decision Bodies
Hans Gersbach, Stephan Imhof, Oriol Tejada - DP10153 - Innovation and Regional Growth in Mexico: 2000-2010
Andres Rodriguez-Pose, Edna Maria Villarreal Peralta - DP10152 - Asset Management Contracts and Equilibrium Prices
Andrea Buffa, Dimitri Vayanos, Paul Woolley - DP10151 - The Impact of Hedge Funds on Asset Markets
Mathias Kruttli, Andrew J Patton, Tarun Ramadorai - DP10150 - The Geography of Development within Countries
Klaus Desmet, J Vernon Henderson - DP10149 - Patents and the Global Diffusion of New Drugs
Iain M Cockburn, Jean O Lanjouw, Mark Schankerman - DP10148 - Collateralisation bubbles when investors disagree about risk
Tobias Broer, Afroditi Kero - DP10147 - Understanding Uncertainty Shocks and the Role of Black Swans
Anna Orlik, Laura Veldkamp - DP10146 - (Measured) Profit is Not Welfare: Evidence from an Experiment on Bundling Microcredit and Insurance
Abhijit Banerjee, Esther Duflo, Richard Hornbeck - DP10145 - Equity Vesting and Managerial Myopia
Alex Edmans, Vivian Fang, Katharina A. Lewellen - DP10144 - Strategic News Releases in Equity Vesting Months
Alex Edmans, Luis Goncalves-Pinto, Yanbo Wang, Moqi Xu - DP10143 - The Informativeness Principle Under Limited Liability
Pierre Chaigneau, Alex Edmans, Daniel Gottlieb - DP10142 - Grin and Bear It: Producer-financed Exports from an Emerging Market
Banu Demir, Beata Javorcik - DP10141 - Say Pays! Shareholder Voice and Firm Performance
Vicente Mireia , Maria Guadalupe - DP10140 - Identifying the Sources of Model Misspecification
Atsushi Inoue, Chun-Hung Kuo, Barbara Rossi - DP10139 - Deglobalization of Banking: The World is Getting Smaller
Caroline Van Rijckeghem, Beatrice Weder di Mauro - DP10138 - Menu Costs, Aggregate Fluctuations, and Large Shocks
Peter Karadi, Adam Reiff - DP10137 - Mismeasuring Long Run Growth. The Bias from Spliced National Accounts
Leandro Prados de la Escosura - DP10136 - The Biocultural Origins of Human Capital Formation
Oded Galor, Marc P B Klemp - DP10135 - Spatial Methods
Steve Gibbons, Henry G Overman, Eleonora Patacchini - DP10134 - The Economics of Secession � Analysing the economic impact of the collapse of the former Yugoslavia
Andres Rodriguez-Pose, Marko Stermsek - DP10133 -What is Firm Heterogeneity in Trade Models? The Role of Quality, Scope, Markups, and Cost
Colin Hottman, Stephen J. Redding, David E. Weinstein - DP10132 - When Is The Best Time To Give Birth - Career Effects Of Early Birth Decisions
Sylvia , Christoph Pamminger, Andrea Weber, Rudolf Winter-Ebmer - DP10131 - Place-Based Policies
David Neumark, Helen Simpson - DP10130 - Sorting Between and Within Industries: A Testable Model of Assortative Matching
John M Abowd, Francis Kramarz, Sebastien Perez-Duarte, Ian M. Schmutte - DP10129 - Making Progress on Foreign Aid
Nancy Qian - DP10128 - Reexamining the Cyclical Behavior of the Relative Price of Investment
Paul Beaudry, Alban Moura, Franck Portier - DP10127 - Migration and Welfare State: Why is America Different from Europe?
Assaf Razin, Efraim Sadka - DP10126 - Neighborhood and Network Effects
Giorgio Topa, Yves Zenou - DP10125 - Asymmetry of Information within Family Networks
Joachim De Weerdt, Garance Genicot, Alice Mesnard - DP10124 - The Bond Market: An Inflation-Targeter's Best Friend
Andrew K Rose
August 2014
- DP10123 - Perceiving Prospects Properly
Jakub Steiner, Colin Stewart - DP10122 - The Agricultural Origins of Time Preference
Oded Galor - DP10121 - Banking Competition and Stability: The Role of Leverage
Xavier Freixas, Kebin Ma - DP10120 - Gossip: Identifying Central Individuals in a Social Network
Abhijit Banerjee, Arun G Chandrasekhar, Esther Duflo, Matthew O. Jackson - DP10119 - Governance and Comovement Under Common Ownership
Alex Edmans, Doron Levit, Devin Reilly - DP10118 - Job creation, firm creation, and de novo entry
Karen Geurts, Johannes Van Biesebroeck - DP10117 - What Calls to ARMs? International Evidence on Interest Rates and the Choice of Adjustable Rate Mortgages
Cristian Badarinza, John Y Campbell, Tarun Ramadorai - DP10116 - From Selling Goods to Selling Services: Firm Responses to Trade Liberalization
Holger Breinlich, Anson Soderbery, Greg C. Wright - DP10115 - Government Spending Shocks in Open Economy VARs
Mario Forni, Luca Gambetti - DP10114 -Taxes in Cities
Marius , Sam Bucovetsky, Kurt Schmidheiny - DP10113 - Roads and Innovation
Ajay Agrawal, Alberto Galasso, Alexander Oettl - DP10112 - Pre-Auction Inventory and Bidding Behavior. An Analysis of Canadian Treasury Auctions
Kristian Rydqvist, Mark Wu - DP10111 - Testing Equilibrium Multiplicity in Dynamic Games
Taisuke Otsu, Martin Pesendorfer, Yuya Takahashi - DP10110 - Optimal Ownership of Public Goods Reconsidered
Patrick W Schmitz - DP10109 - Predicting Winners in Civil Wars
Stephen H Haber, Kris Mitchener, Kim Oosterlinck, Marc Weidenmier - DP10108 - Real Effects of the Sovereign Debt Crisis in Europe: Evidence from Syndicated Loans
Viral V Acharya, Tim Eisert, Christian Eufinger, Christian Hirsch - DP10107 - How far away is a Single European Labor Market?
Annabelle Krause, Ulf Rinne, Klaus F Zimmermann - DP10106 - Optimal Leniency Programs when Firms Have Cumulative and Asymmetric Evidence
Marc Blatter, Winand Emons, Silvio Sticher - DP10105 - Loss Aversion and the Asymmetric Transmission of Monetary Policy
Edoardo Gaffeo, Ivan Petrella, Damjan Pfajfar, Emiliano Santoro - DP10104 - Bond Return Predictability: Economic Value and Links to the Macroeconomy
Antonio Gargano, Davide Pettenuzzo, Allan G Timmermann - DP10103 - Self-Selection into Credit Markets: Evidence from Agriculture in Mali
Lori Beaman, Dean S. Karlan, Bram Thuysbaert, Christopher Udry - DP10102 - English as a global language
Jacques Melitz - DP10101 - Foreign Language Learning: An Econometric Analysis
Victor Ginsburgh, Jacques Melitz, Farid Toubal - DP10100 - Regulatory Capture by Sophistication
Hendrik Hakenes, Isabel Schnabel - DP10099 - Regional Centrality and Tax Competition for FDI
Julia Darby, Ben Ferrett, Ian Wooton - DP10098 - Phantom of the Opera or Sex and the City? Historical Amenities as Sources of Exogenous Variation
Thomas Bauer, Philipp Breidenbach, Christoph M Schmidt - DP10097 - The Economics of Density: Evidence from the Berlin Wall
Gabriel Ahlfeldt, Stephen J. Redding, Daniel M Sturm, Nikolaus Wolf - DP10096 - Shopping around? How households adjusted food spending over the Great Recession
Rachel Griffith, Martin O'Connell, Kate Smith - DP10095 - Staggered Contracts, Market Power, and Welfare
Cabral - DP10094 - Media Power
Andrea Prat - DP10093 - Distressed Acquisitions
Jean-Marie A. Meier, Henri Servaes - DP10092 - The Two Greatest. Great Recession vs. Great Moderation
Maria Dolores Gadea Rivas, Ana , Gabriel - DP10091 - Family Structure and the Education Gender Gap: Evidence from Italian Provinces
Graziella Bertocchi, Monica Bozzano - DP10090 - How good are out of sample forecasting Tests on DSGE models?
Patrick Minford, Yongdeng Xu, Peng Zhou - DP10089 - This mine is mine! How minerals fuel conflicts in Africa
Nicolas Berman, Mathieu Couttenier, Dominic Rohner, Mathias Thoenig - DP10088 - Labor policies and capital mobility in theory and in EMU
Giuseppe Bertola - DP10087 - A model of the confidence channel of fiscal policy
Bernardo , Caio Machado, Marcel Ribeiro - DP10086 - Democratic Redistribution and Rule of the Majority
Giacomo Corneo, Frank Neher
July 2014
- DP10085 - Politically Sustainable Probabilistic Minority Targeting
Philippe De Donder, Eugenio Peluso - DP10084 - Publish or Perish? Incentives and Careers in Italian Academia
Daniele Checchi, Gianni De Fraja, Stefano Verzillo - DP10083 - The Transmission Mechanism in Good and Bad Times
Haroon Mumtaz, Paolo Surico - DP10082 - Weapons of Choice
Axel Dreher, Merle Kreibaum - DP10081 - Round-Robin Versus Elimination in Tournaments with a Dominant Player
Alex Krumer, Reut Megidish, Aner Sela - DP10080 - Optimal Regulation in the Presence of Reputation Concerns
Andrew Atkeson, Christian Hellwig, Guillermo - DP10079 - Rainfall Risk and Religious Membership in the Late Nineteenth-Century United States
Philippe Ager, Antonio Ciccone - DP10078 - Inflating Away the Public Debt? An Empirical Assessment
Jens Hilscher, Alon Raviv, Ricardo Reis - DP10077 - Former Foreign Affiliates: Cast Out and Outperformed?
Beata Javorcik, Steven Poelhekke - DP10076 - Grain Price Spikes and Beggar-thy-neighbor Policy Responses: A Global Economywide Analysis
Kym Anderson, Hans G. Jensen - DP10075 - Are there Gains from Pooling Real-Time Oil Price Forecasts?
Christiane Baumeister, Lutz Kilian, Thomas K Lee - DP10074 - Guest Workers in the Underground Economy
Slobodan Djajic, Alice Mesnard - DP10073 - Growth, Import Dependence and War
Roberto Bonfatti, O'Rourke - DP10072 - Wealth and Inheritance in the Long Run
Thomas Piketty, Gabriel Zucman - DP10071 - Heterogeneity and Government Revenues: Higher Taxes at the Top?
Nezih Guner, Martin Lopez-Daneri, Gustavo Ventura - DP10070 - The Effects of Monetary Policy on Stock Market Bubbles: Some Evidence
Jordi , Luca Gambetti - DP10069 - A Surplus of Ambition: Can Europe Rely on Large Primary Surpluses to Solve its Debt Problem?
Barry Eichengreen, Ugo Panizza - DP10068 - Measuring Top Incomes and lnequality in the Middle East: Data Limitations and Illustration with the Case of Egypt
Facundo Alvaredo, Thomas Piketty - DP10067 - The Precautionary Saving Effect of Government Consumption
Valerio Ercolani, Nicola Pavoni - DP10066 - Employee Satisfaction, Labor Market Flexibility, and Stock Returns Around The World
Alex Edmans, Lucius Li, Chendi Zhang - DP10065 - A Critical Evaluation of Bail-in as a Bank Recapitalisation Mechanism
Emilios Avgouleas, Charles A Goodhart - DP10064 - Shortfall Aversion
Paolo Guasoni, Gur Huberman, Dan Ren - DP10063 - The Incidence of Transaction Taxes: Evidence from a Stamp Duty Holiday
Timothy J. Besley, Neil Meads, Paolo Surico - DP10062 - Bayesian Networks and Boundedly Rational Expectations
Ran Spiegler - DP10061 - Trust and the Welfare State: the Twin Peaks Curve
Yann Algan, Pierre Cahuc, Marc Sangnier - DP10060 - Forward and Spot Exchange Rates in a Multi-currency World
Tarek Hassan, Rui C. Mano
June 2014
- DP10059 Developing Countries Exports Survival in the OECD: Does Experience Matter?
Céline Carrère, Vanessa Strauss-Kahn - DP10058 External Liabilities and Crises
Luis A. V. Catão, Gian Maria Milesi-Ferretti - DP10057 Knowledge Spillovers, ICT and Productivity Growth
Carol Corrado, Jonathan Haskel, Cecilia Jona-Lasinio - DP10056 Managing Intrinsic Motivation in a Long-Run Relationship
Kfir Eliaz, Rani Spiegler - DP10055 Workplace health promotion and labour market performance of employees
Martin Huber, Michael Lechner, Conny Wunsch - DP10054 The Effect of Competition on Managers’ Compensation: Evidence From a Quasi-natural Experiment
Ana Fernandes, Priscila Ferreira, L. Alan Winters - DP10053 Quality Pricing-to-Market
Raphael Auer, Thomas Chaney, Philip Sauré - DP10052 Endogenous Contractual Externalities
Emre Ozdenoren, Kathy Yuan - DP10051 Relational Warm Glow and Giving in Social Groups
Kimberley Scharf, Sarah Smith - DP10050 When Arm’s Length Is Too Far. Relationship Banking over the Business Cycle
Thorsten Beck, Ralph de Haas, Hans Degryse, Neeltje Van Horen - DP10049 Fertility Decline and Missing Women
Seema Jayachandran - DP10048 Anchoring or Loss Aversion? Empirical Evidence from Art Auctions
Kathryn Graddy, Lara Loewenstein, Jianping Mei, Mike Moses, Rachel A J Pownall - DP10047 Free to Leave? A Welfare Analysis of Divorce Regimes
Raquel Fernández, Joyce Cheng Wong - DP10046 The Impact of Regional and Sectoral Productivity Changes on the U.S. Economy
Lorenzo Caliendo, Fernando Parro, Esteban Rossi-Hansberg, Pierre-Daniel Sarte - DP10045 Substitution between Fixed-line and Mobile Access: the Role of Complementarities
Lukasz Grzybowski, Frank Verboven - DP10044 Banks, Government Bonds, and Default: What do the Data Say?
Nicola Gennaioli, Alberto Martin, Stefano Rossi - DP10043 Electoral politics and regional development: assessing the geographical allocation of public investment in Turkey
Davide Luca, Andrés Rodríguez-Pose - DP10042 Gender Peer Effects in School, a Birth Cohort Approach
Antonio Ciccone, Walter Garcia-Fontes - DP10041 The Ins and Arounds in the U.S. Housing Market
Rüdiger Bachmann, Daniel Cooper - DP10040 The Role of Oil Price Shocks in Causing U.S. Recessions
Lutz Kilian, Robert J. Vigfusson - DP10039 Incompatible European Partners? Cultural Predispositions and Household Financial Behavior
Michalis Haliassos, Thomas Jansson, Yigitcan Karabulut - DP10038 Transportation Costs and the Spatial Organization of Economic Activity
Stephen J. Redding, Matthew A Turner - DP10037 Enrollment and degree completion in higher education without admission standards
Koen Declercq, Frank Verboven - DP10036 Competitive Screening under Heterogeneous Information
Daniel Garrett, Renato Gomes, Lucas Maestri - DP10035 Managerial Attention and Worker Engagement
Marina Halac, Andrea Prat - DP10034 Factor Analysis with Large Panels of Volatility Proxies
Eric Ghysels - DP10033 The Euro Area Crisis: Politics over Economics
Athanasios Orphanides - DP10032 Migration, Friendship Ties, and Cultural Assimilation
Giovanni Facchini, Eleonora Patacchini, Max Steinhardt - DP10031 Local and Consistent Centrality Measures in Networks
Vianney Dequiedt, Yves Zenou - DP10030 Urban Spatial Structure, Employment and Social Ties
Pierre M Picard, Yves Zenou - DP10029 Parenting with Style: Altruism and Paternalism in Intergenerational Preference Transmission
Matthias Doepke, Fabrizio Zilibotti - DP10028 A DSGE Model of China
Li Dai, Patrick Minford, Peng Zhou - DP10027 Spatial Competition in Quality
Raphael Auer, Philip Sauré - DP10026 External Integration, Structural Transformation and Economic Development: Evidence from Argentina 1870-1914
Pablo Fajgelbaum, Stephen J. Redding - DP10025 The Financial and Macroeconomic Effects of OMT Announcements
Carlo Altavilla, Domenico Giannone, Michele Lenza - DP10024 Culture: Persistence and Evolution
Francesco Giavazzi, Ivan Petkov, Fabio Schiantarelli - DP10023 Has the Euro-Mediterranean partnership affected Mediterranean business cycles?
Fabio Canova, Alan Schlaepfer - DP10022 Estimating overidentified, non-recursive, time varying coefficients structural VARs
Fabio Canova, Fernando J. Pérez Forero - DP10021 Bargaining with Informational Externalities in a Market Equilibrium
Mikhail Drugov - DP10020 Information Aggregation in a DSGE Model
Tarek Hassan, Thomas M. Mertens - DP10019 Capital Controls and Recovery from the Financial Crisis of the 1930s
Kris Mitchener, Kirsten Wandschneider - DP10018 Forty Years, Thirty Currencies and 21,000 Trading Rules: A Large-scale, Data-Snooping Robust Analysis of Technical Trading in the Foreign Exchange Market
Po-Hsuan Hsu, Mark P Taylor - DP10017 Banks Are Where The Liquidity Is
Oliver Hart, Luigi Zingales - DP10016 Common Macro Factors and Currency Premia
Ilias Filippou, Mark P Taylor - DP10015 The Global Financial Crisis—What Drove The Build-Up?
Ouarda Merrouche, Erlend Nier - DP10014 Toward a theory of monopolistic competition
Mathieu Parenti, Jacques-François Thisse, Philip Ushchev - DP10013 The new empirical economics of management
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur, John Van Reenen - DP10012 Corporate Saving in Global Rebalancing
Philippe Bacchetta, Kenza Benhima - DP10011 The Illusion of School Choice: Empirical Evidence from Barcelona
Caterina Calsamiglia, Maia Güell - DP10010 The Phillips Curve in Ireland: 1935 - 2012
Stefan Gerlach, Raemonn Lydon, Rebecca Stuart - DP10009 Industry structure and pricing over the business cycle
Yossi Spiegel, Konrad Stahl - DP10008 Public Opinion on Immigration: Has the Recession Changed Minds?
Timothy J. Hatton - DP10007 The Social Cost of Near-Rational Investment
Tarek Hassan, Thomas M. Mertens - DP10006 Volatile Top Income Shares in Switzerland? Reassessing the Evolution Between 1981 and 2009
Reto Foellmi, Isabel Z. Martínez - DP10005 An African Growth Miracle?
Dani Rodrik - DP10004 Curriculum and Ideology
Davide Cantoni, Yuyu Chen, David Y. Yang, Noam Yuchtman, Y. Jane Zhang - DP10003 Coworkers, Networks, and Job Search Outcomes
Perihan Saygin, Andrea Weber, Michèle A. Weynandt - DP10002 The Effect of Shocks to Labour Market Flows on Unemployment and Participation Rates
Robert Dixon, Guay C. Lim, Jan C van Ours - DP10001 The Effectiveness of Non-Standard Monetary Policy Measures: Evidence from Survey Data
Carlo Altavilla, Domenico Giannone - DP9999 To Charge or Not to Charge: Evidence from a Health Products Experiment in Uganda
Greg Fischer, Dean S. Karlan, Margaret McConnell, Pia Raffler - DP9998 The Simple Analytics of Helicopter Money:Why It Works – Always
Willem H. Buiter
May 2014
- DP9996 Auction House Guarantees for Works of Art
Kathryn Graddy, Jonathan Hamilton - DP9995 Conventional and Unconventional Monetary Policy with Endogenous Collateral Constraints
Aloisio Araujo, Susan Schommer, Michael Woodford - DP9994 Transparency and Deliberation within the FOMC: a Computational Linguistics Approach
Stephen Hansen, Michael McMahon, Andrea Prat - DP9993 What Happened in Cyprus?
Alexander Michaelides - DP9992 Fiscal Policy in an Unemployment Crisis
Pontus Rendahl - DP9991 Impoverished, but Numerate? Early Numeracy in East Asia (1550–1800) and its Impact on 20th and 21st Century Economic Growth
Jörg Baten, Kitae Sohn - DP9990 Merchanting and Current Account Balances
Elisabeth Beusch, Barbara Döbeli, Andreas M Fischer, Pinar Yesin - DP9989 Credit Spreads and Credit Policies
Isabel Correia, Fiorella De Fiore, Pedro Teles, Oreste Tristani - DP9988 Stock Price Booms and Expected Capital Gains
Klaus Adam, Johannes Beutel, Albert Marcet - DP9987 Price Level Changes and the Redistribution of Nominal Wealth Across the Euro Area
Klaus Adam, Junyi Zhu - DP9986 Local quality of government and migration. Evidence for European regions
Tobias Ketterer, Andrés Rodríguez-Pose - DP9985 Export Destinations and Input Prices
Paulo Bastos, Joana Silva, Eric A Verhoogen - DP9984 Estimating the impact of microcredit on those who take it up: Evidence from a randomized experiment in Morocco
Bruno Crépon, Florencia Devoto, Esther Duflo, William Parienté - DP9983 Highway To Hitler
Nico Voigtländer, Hans-Joachim Voth - DP9982 Climate Tipping and Economic Growth: Precautionary Saving and the Social Cost of Carbon
Aart J. de Zeeuw, Frederick van der Ploeg - DP9981 Heterogeneity, Selection and Labor Market Disparities
Alessandra Bonfiglioli, Gino A Gancia - DP9980 Network Dynamics and Knowledge Transfer in Virtual Organizations: Overcoming the Liability of Dispersion
Neil Gandal, Uriel Stettner - DP9979 Financial Education and Access to Savings Accounts: Complements or Substitutes? Evidence from Ugandan Youth Clubs
Julian C. Jamison, Dean S. Karlan, Jonathan Zinman - DP9978 Very Long-Run Discount Rates
Stefano W Giglio, Matteo Maggiori, Johannes Ströbel - DP9977 Demand expectations and the timing of stimulus policies
Bernardo Guimarães, Caio Machado - DP9976 Saving the Euro: self-fulfilling crisis and the ‘Draghi Put’
Marcus Miller, Lei Zhang - DP9975 Macro coordination: Forward Guidance as ‘cheap talk’?
Marcus Miller, Lei Zhang - DP9974 Macroeconomics after the crisis – hedgehog or fox?
Marcus Miller, Lei Zhang - DP9973 The Domestic and International Effects of Interstate U.S. Banking
Matteo Cacciatore, Fabio Ghironi, Viktors Stebunovs - DP9972 Gender and the Labor Market: What Have We Learned from Field and Lab Experiments?
Ghazala Azmat, Barbara Petrongolo - DP9971 Monetary Policy and Real Borrowing Costs at the Zero Lower Bound
Simon Gilchrist, J David López-Salido, Egon Zakrajsek - DP9970 Gender Gaps and the Rise of the Service Economy
Liwa Rachel Ngai, Barbara Petrongolo - DP9969 Tax Competition with Heterogeneous Firms
Richard Baldwin, Toshihiro Okubo - DP9968 Economic Growth and Political Integration: Estimating the Benefits from Membership in the European Union Using the Synthetic Counterfactuals Method
Nauro F Campos, Fabrizio Coricelli, Luigi Moretti - DP9967 Regions are not countries: a new approach to the border effect
David Comerford, José Vicente Rodríguez Mora - DP9966 Reconciling Hayek's and Keynes' views of recessions
Paul Beaudry, Dana Galizia, Franck Portier - DP9965 Modelling Long Bonds - The Case of Optimal Fiscal Policy
Elisa Faraglia, Albert Marcet, Andrew Scott - DP9964 A Theory of Price Adjustment under Loss Aversion
Steffen Ahrens, Inske Pirschel, Dennis J. Snower - DP9963 When warm glow burns: Motivational (mis)allocation in the non-profit sector Gani Aldashev, Esteban Jaimovich, Thierry Verdier
- DP9962 Money Demand in Ireland, 1933-2012
Stefan Gerlach, Rebecca Stuart - DP9961 Money, Interest Rates and Prices in Ireland, 1933-2012
Stefan Gerlach, Rebecca Stuart - DP9960 Good Monitoring, Bad Monitoring
Yaniv Grinstein, Stefano Rossi - DP9959 Health, Height and the Household at the Turn of the 20th Century
Roy E Bailey, Timothy J. Hatton, Kris Inwood - DP9958 Man or machine? Rational trading without information about fundamentalsStefano Rossi, Katrin Tinn
- DP9957 International Capital Flows and the Boom-Bust Cycle in Spain
Jan In 'T Veld, Robert Kollmann, Beatrice Pataracchia, Marco Ratto, Werner Roeger
April 2014
- DP9956 The Ratchet Effect Re-examined: A Learning Perspective
Venkataraman Bhaskar - DP9955 Constrained Discretion and Central Bank Transparency
Francesco Bianchi, Leonardo Melosi - DP9954 The Wealthy Hand-to-Mouth
Greg Kaplan, Giovanni L Violante, Justin Weidner - DP9953 The Price of Prejudice
Morten Hedegaard, Jean-Robert Tyran - DP9952 The Impact of Trade Liberalization on Industrial Productivity
Paul Segerstrom, Yoichi Sugita - DP9951 In Search of the Armington Elasticity
Robert Feenstra, Philip Luck, Maurice Obstfeld, Katheryn N. Russ - DP9950 Tackling Social Exclusion: Evidence from Chile
Pedro Carneiro, Emanuela Galasso, Rita Ginja - DP9949 Trade linkages and the globalisation of inflation in Asia and the Pacific
Raphael Auer, Aaron Mehrotra - DP9948 Chronicle of a War Foretold: The Macroeconomic Effects of Anticipated Defense Spending Shocks
Nadav Ben Zeev, Evi Pappa - DP9947 Trade Liberalisation and Poverty: What have we learned in a decade?
Antonio Martuscelli, L. Alan Winters - DP9946 Buying First or Selling First in Housing Markets
Espen R Moen, Plamen T. Nenov - DP9945 Roadblocks on the Road to Grandma's House: Fertility Consequences of Delayed Retirement
Erich Battistin, Michele De Nadai, Mario Padula - DP9944 Cannabis Use and Support for Cannabis Legalization
Ali Palali, Jan C van Ours - DP9943 Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy
Ben Mermelstein, Volker Nocke, Mark Satterthwaite, Michael Whinston - DP9942 The Effects of Banning Advertising on Demand, Supply and Welfare: Structural Estimation on a Junk Food Market
Pierre Dubois, Rachel Griffith, Martin O'Connell - DP9941 The effect of effectiveness: Donor response to aid effectiveness in a direct mail fundraising experiment
Dean S. Karlan, Daniel H. Wood - DP9940 Health and Education: Another Look with the Proper Data
Daniel Cohen, Laura Leker - DP9939 Privatization and Quality: Evidence from Elderly Care in Sweden
Mats Bergman, Per Johansson, Sofia Lundberg, Giancarlo Spagnolo - DP9938 Do Real Exchange Rate Appreciations Matter for Growth?
Matthieu Bussière, Claude Lopez, Cédric Tille - DP9937 The Euro and the Geography of International Debt Flows
Galina B Hale, Maurice Obstfeld - DP9936 Optimal Capital Controls and Real Exchange Rate Policies: A Pecuniary Externality Perspective
Gianluca Benigno, Huigang Chen, Christopher Otrok, Alessandro Rebucci, Eric R Young - DP9935 Aggregate Fertility and Household Savings: A General Equilibrium Analysis using Micro Data
Abhijit Banerjee, Xin Meng, Tommaso Porzio, Nancy Qian - DP9934 Does Relationship Lending Require Opaque (and Conservative) Financial Reporting?
Jochen Bigus, Hendrik Hakenes - DP9933 What drives the German current account? And how does it affect other EU member states?
Jan In 'T Veld, Robert Kollmann, Marco Ratto, Werner Roeger, Lukas Vogel - DP9932 Cannabis Use and Its Effects on Health, Education and Labor Market Success
Jan C van Ours, Jenny Williams - DP9931 Conditional forecasts and scenario analysis with vector autoregressions for large cross-sections
Marta Banbura, Domenico Giannone, Michele Lenza - DP9930 Moral Hazard and Debt Maturity
Gur Huberman, Rafael Repullo - DP9929 Delegation and Dynamic Incentives
Dongsoo Shin, Roland Strausz - DP9928 Consumer Standards as a Strategic Device to Mitigate Ratchet Effects in Dynamic Regulation
Raffaele Fiocco, Roland Strausz - DP9927 Ex post information rents in sequential screening
Daniel Krähmer, Roland Strausz - DP9926 The Dynamics of Investment, Payout and Debt
Bart Lambrecht, Stewart C Myers - DP9925 Toxic Arbitrage
Thierry Foucault, Roman Kozhan, Wing Wah Tham - DP9924 Audit rates and compliance: A field experiment in long-term care
Maarten Lindeboom, Bas van der Klaauw, Sandra Vrie
March 2014
- DP9923 Preserving "Debt Capacity" or "Equity Capacity": A Dynamic Theory of Security Design under Asymmetric Information
Roman Inderst, Vladimir Vladimirov - DP9922 Financial Advice and Stock Market Participation
Dimitris Georgarakos, Roman Inderst - DP9921 Abandoning Fossil Fuel: How Fast And How Much?
Armon Rezai, Frederick van der Ploeg - DP9920 Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
Peter Koudijs, Hans-Joachim Voth - DP9919 A Global View of Cross-Border Migration
Julian di Giovanni, Andrei A. Levchenko, Francesc Ortega - DP9918 Economic Freedom in the Long Run: Evidence from OECD Countries (1850-2007)
Leandro Prados de la Escosura - DP9917 Feedback Effects and the Limits to Arbitrage
Alex Edmans, Itay Goldstein, Wei Jiang - DP9916 Trade in Unemployment
Céline Carrère, Marco Fugazza, Marcelo Olarreaga, Frédéric Robert-Nicoud - DP9915 Optimal Price-Setting in Pay for Performance Schemes in Health Care
Søren Rud Kristensen, Luigi Siciliani, Matt Sutton - DP9914 Crime and the Depenalization of Cannabis Possession: Evidence from a Policing Experiment
Jerome Adda, Brendon McConnell, Imran Rasul - DP9913 Does grief transfer across generations? In-utero deaths and child outcomes
Sandra Black, Paul J. Devereux, Kjell G Salvanes - DP9912 Precautionary price stickiness
James Costain, Anton Nakov - DP9911 The Importance of Family Background and Neighborhood Effects as Determinants of Crime
Karin Hederos Eriksson, Randi Hjalmarsson, Matthew Lindquist, Anna Sandberg - DP9910 The Politics of Compromise
Alessandro Bonatti, Heikki Rantakari - DP9909 Political Competition and the Limits of Political Compromise
Alexandre B. Cunha, Emanuel Ornelas - DP9908 All-pay auctions with certain and uncertain prizes
Yizhaq Minchuk, Aner Sela - DP9907 Getting Better or Feeling Better? How Equity Investors Respond to Investment Experience
John Y Campbell, Tarun Ramadorai, Benjamin Ranish - DP9906 Runs on Money Market Funds
Lawrence Schmidt, Allan G Timmermann, Russ Wermers - DP9905 The Economics of Margin Squeeze
Bruno Jullien, Patrick Rey, Claudia Saavedra - DP9904 Geopolitics, Aid and Growth
Axel Dreher, Vera Eichenauer, Kai Gehring - DP9903 The Wages of Women in England, 1260-1850
Jane Humphries, Jacob Weisdorf - DP9902 Managing Credit Bubbles
Alberto Martin , Jaume Ventura - DP9901 Technological Progress and Economic Geography
Takatoshi Tabuchi, Jacques-François Thisse, Xiwei Zhu - DP9900 Trade Imbalances, Export Structure and Wage Inequality
Rosario Crinò, Paolo Epifani - DP9899 The Skill Bias of the US Trade Deficit
Rosario Crinò, Paolo Epifani - DP9898 Nonlinearities in Sovereign Risk Pricing: The Role of CDS Index Contracts
Anne-Laure Delatte, Julien Fouquau, Richard Portes - DP9897 Asset Prices in a Lifecycle Economy
Roger E A Farmer - DP9896 Pricing Internet Traffic: Exclusion, Signalling and Screening
Bruno Jullien, Wilfried Sand-Zantman - DP9895 External shocks, internal shots: the geography of civil conflicts
Nicolas Berman, Mathieu Couttenier - DP9894 Surprise, Surprise - Measuring Firm-level Investment Innovations
Rüdiger Bachmann, Steffen Elstner, Atanas Hristov - DP9893 Lehman Brothers: What Did Markets Know?
Thomas Gehrig, Marlene Haas - DP9892 Joint Confidence Sets for Structural Impulse Responses
Atsushi Inoue, Lutz Kilian - DP9891 Social Capital, Government Expenditures, and Growth
Giacomo AM Ponzetto, Ugo Troiano - DP9890 Finance and the Preservation of Wealth
Nicola Gennaioli, Andrei Shleifer, Robert Vishny - DP9889 Key Players in Co-Offending Networks
Matthew Lindquist, Yves Zenou - DP9888 Trade and Uncertainty
Dennis Novy, Alan M. Taylor - DP9887 Income-Induced Expenditure Switching
Rudolfs Bems, Julian di Giovanni - DP9886 IT and Management in America
Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten, John Van Reenen - DP9885 Liquidity Risk and the Dynamics of Arbitrage Capital
Péter Kondor, Dimitri Vayanos - DP9884 Education Promoted Secularization
Sascha O. Becker, Markus Nagler, Ludger Woessmann - DP9883 The Link Between Fundamentals and Proximate Factors in Development
Wolfgang Keller, Carol Hua Shiue - DP9882 Financial Literacy and Savings Account Returns
Florian Deuflhard, Dimitris Georgarakos, Roman Inderst - DP9881 Identifying Industry Margins with Unobserved Price Constraints: Structural Estimation on Pharmaceuticals
Pierre Dubois, Laura Lasio - DP9880 Understanding honesty: an experiment regarding heterogeneous responses to situational social norms
Rajna Gibson, Carmen Tanner, Alexander F Wagner - DP9879 Sizing up the impact of embassies on exports
Shon Ferguson and Rikard Forslid - DP9878 The growing dependence of britain on trade during the industrial revolution
Gregory Clark, Kevin Hjortshøj O'Rourke, Alan M. Taylor - DP9877 Regulating deferred incentive pay
Florian Hoffmann, Roman Inderst, Marcus Opp - DP9876 The Argentina paradox: microexplanations and macropuzzles
Alan M. Taylor - DP9875 macroprudential policies in a global perspective
Olivier Jeanne - DP9874 incomplete contracting, renegotiation, and expectation-based loss aversion
Fabian Herweg, Heiko Karle, Daniel Müller - DP9873 Optimal allocations in roundrobin tournaments
Alex Krumer, Reut Megidish and Aner Sela - DP9872 R&D networks: theory, empirics and policy implications
Michael König, Xiaodong Liu, Yves Zenou - DP9871 Optimal prudential regulation of banks and the political economy of supervision
Thierry Tressel and Thierry Verdier - DP9870 A theory of trade in a global production network
Maarten Bosker and Bastian Westbrock - DP9869 Barriers to trade in environmental goods and environmental services: how important are they? how much progress at reducing them?
Jaime de Melo, Mariana Vijil - DP9868 Awareness reduces racial bias
Devin G. Pope, Joseph Price, Justin Wolfers - DP9867 Preventing economists' capture
Luigi Zingales - DP9866 Optimal tax progressivity: an analytical framework
Jonathan Heathcote, Kjetil Storesletten, Giovanni L Violante - DP9865 Bank capital and dividend externalities
Viral V Acharya, Hanh Le, Hyun Song Shin - DP9864 Hidden insurance in a moral hazard economy
Giuseppe Bertola and Winfried Koeniger - DP9863 Cross-border mergers and domestic-firm wages: integrating ‘spillover effects’and ‘bargaining effects’
Joseph A. Clougherty, Klaus Peter Gugler, Lars Sørgard, Florian Szücs - DP9862 Intuition fees as a commitment device
Nadine Ketel, Jona Linde, Hessel Oosterbeek, Bas van der Klaauw - DP9861 The quiet revolution and the family: gender composition of tertiary education and early fertility patterns
Alena Bicakova and Stepan Jurajda - DP9860 Feeling the blues. moral hazard and debt dilution in eurobonds before 1914
Rui Esteves and Ali Coskun Tuncer - DP9859 Misallocation, property rights, and access to finance: evidence from within and across Africa
Sebnem Kalemli-Ozcan, Bent E Sørensen - DP9858 Structural fecm: cointegration in largescale structural favar models
Anindya Banerjee, Massimiliano Marcellino, Igor Masten - DP9857 Targeting nominal gdp or prices: guidance and expectation dynamics
Seppo Honkapohja, Kaushik Mitra - DP9856 Policing cannabis and drug related hospital admissions: evidence from administrative records
Elaine Kelly, Imran Rasul, - DP9855 Firm dynamics and residual inequality in open economies
Gabriel Felbermayr, Giammario Impullitti, Julien Prat, - DP9854 Scale and skill in active management
Luboš Pástor, Robert F. Stambaugh, Lucian Taylor - DP9853 The vanishing procyclicality of labor productivity
Jordi Galí and Thijs van Rens - DP9852 Out-of-sample evidence on the returns to currency trading
Olivier Accominotti and David Chambers - DP9851 Labor market effects of sports and exercise: evidence from canadian panel data
Michael Lechne, Nazmi Sari - DP9850 Productivity spillovers through labor mobility
Tom-Reiel Heggedal, Espen R Moen, Edgar Preugschat - DP9849 SSOS: Current policy issues and empirical evidence
Neil Gandal and Pierre Régibeau - DP9848 No arbitrage priors, drifting volatilities, and the term structure of interest rates
Andrea Carriero, Todd Clark, Massimiliano Marcellino
February 2014
- DP9847 Market Outcomes and Dynamic Patent Buyouts
Alberto Galasso, Matthew Mitchell, Gabor Virag - DP9846 Optimal Monetary Policy with State-Dependent Pricing
Anton Nakov, Carlos Thomas - DP9845 Learning from Experience in the Stock Market
Anton Nakov, Galo Nuño - DP9844 Exporter Dynamics, Firm Size and Growth, and Partial Year Effects
Andrew B. Bernard, Renzo Massari, Jose-Daniel Reyes, Daria Taglioni - DP9843 Debt and Incomplete Financial Markets: A Case for Nominal GDP Targeting
Kevin D. Sheedy - DP9842 International Liquidity and Exchange Rate Dynamics
Xavier Gabaix, Matteo Maggiori - DP9841 Charitable Giving and Nonbinding Contribution-level Suggestions: Evidence from a Field Experiment
Maja Adena, Steffen Huck, Imran Rasul - DP9840 Improving Access to Banking: Evidence from Kenya
Franklin Allen, Elena Carletti, Robert Cull, Jun Qian, Lemma W Senbet, Patricio Valenzuela - DP9839 Together at Last: Trade Costs, Demand Structure, and Welfare
Monika Mrázová, J Peter Neary - DP9838 Revenue Tariff Reform
James E Anderson, J Peter Neary - DP9837 Stock investments at work
Hans K Hvide, Per Östberg - DP9836 Standardized Enforcement: Access to Justice vs. Contractual Innovation
Nicola Gennaioli, Enrico C Perotti, Giacomo AM Ponzetto - DP9835 Trade Dynamics with Sector-Specific Human Capital
Adam Guren, David Hemous, Morten Olsen - DP9834 Corporate Scandals and Household Stock Market Participation
Mariassunta Giannetti, Tracey Yue Wang - DP9833 Team Production in Competitive Labor Markets with Adverse Selection
Michael Kosfeld, Ferdinand Von Siemens - DP9832 Loose Knots:Strong versus Weak Commitments to Save for Education in Uganda
Dean S. Karlan, Leigh Linden - DP9831 Market Size, Entrepreneurship, and Income Inequality
Kristian Behrens, Dmitry Pokrovsky, Evgeny Zhelobodko - DP9830 Thin Capitalization Rules and Multinational Firm Capital Structure
Jennifer Blouin, Harry Huizinga, Luc Laeven, Gaëtan Nicodème - DP9829 - Financial Dependence and Innovation: The Case of Public versus Private Firms
Viral V Acharya, Zhaoxia Xu - DP9828 - The Market for Keywords
Kfir Eliaz, Rani Spiegler - DP9827 - Net Neutrality with Competing Internet Platforms
Marc Bourreau, Frago Kourandi, Tommaso Valletti - DP9826 - Welfare and Trade Without Pareto
Keith Head, Thierry Mayer, Mathias Thoenig - DP9825 - Marry Your Like: Assortative Mating and Income Inequality
Jeremy Greenwood, Nezih Guner, Georgi Kocharkov, Cezar Santos - DP9824 - Monetary Policy Surprises, Credit Costs and Economic Activity
Mark Gertler, Peter Karadi - DP9823 - Oil Price Shocks: Causes and Consequences
Lutz Kilian - DP9822 - The Price of Political Uncertainty: Theory and Evidence from the Option Market
Bryan Kelly, Luboš Pástor, Pietro Veronesi - DP9821 - Missing Gains from Trade?
Marc J Melitz, Stephen J. Redding - DP9820 - Stabilization policy, rational expectations and price-level versus inflation targeting: a survey
Michael Hatcher, Patrick Minford - DP9819 - Coal and the European Industrial Revolution
Alan Fernihough, Kevin Hjortshøj O'Rourke - DP9818 - We're Number 1: Price Wars for Market Share Leadership
Luís M B Cabral - DP9817 - Price Distortions in High-Frequency Markets
Jakub Steiner, Colin Stewart - DP9816 - Diversification of Geographic Risk in Retail Bank Networks: Evidence from Bank Expansion after the Riegle-Neal Act
Victor Aguirregabiria, Robert Clark, Hui Wang - DP9815 - Markov-Switching Mixed-Frequency VAR Models
Claudia Foroni, Pierre Guérin, Massimiliano Marcellino - DP9814 - X-Games
Kfir Eliaz, Rani Spiegler - DP9813 - Market-based Lobbying: Evidence from Advertising Spending in Italy
Stefano Della Vigna, Ruben Durante, Brian Knight, Eliana La Ferrara - DP9812 - The Relevance or Otherwise of the Central Bank's Balance Sheet
David K Miles, Jochen Schanz - DP9811 - Microcredit Impacts: Evidence from a Randomized Microcredit Program Placement Experiment by Compartamos Banco
Manuela Angelucci, Dean S. Karlan, Jonathan Zinman - DP9810 - Can competition reduce quality?
Kurt Richard Brekke, Luigi Siciliani, Odd Rune Straume - DP9809 - Heterogenous switching costs
Gary Biglaiser, Jacques Crémer, Gergely Dobos - DP9808 - Speculation in the Oil Market
Luciana Juvenal, Ivan Petrella - DP9807 - When Does FDI Have Positive Spillovers? Evidence from 17 Transition Market Economies
Yuriy Gorodnichenko, Jan Svejnar, Katherine Terrell - DP9806 - Understanding the Gains from Wage Flexibility: The Exchange Rate Connection
Jordi Galí, Tommaso Monacelli - DP9805 - How Urbanization Affect Employment and Social Interactions
Yasuhiro Sato, Yves Zenou - DP9804 - Heterogeneous Peer Effects in Education
Eleonora Patacchini, Edoardo Rainone, Yves Zenou - DP9803 - The Impact of News and the SMP on Realized (Co)Variances in the Eurozone Sovereign Debt Market
Roel Beetsma, Frank de Jong, Massimo Giuliodori, Daniel Widijanto - DP9802 - Never Say Never: Commentary on a Policymaker’s Reflections
Maurice Obstfeld - DP9801 - Mitigating long-run health effects of drought: Evidence from South Africa
Taryn Dinkelman
January 2014
- DP9800 - Testing Macroprudential Stress Tests: The Risk of Regulatory Risk Weights
Viral V Acharya, Robert F Engle III, Diane Pierret - DP9799 - Per-Capita Income as a Determinant of International Trade and Environmental Policies
James R. Markusen - DP9798 - Capital Controls and Macroprudential Measures: What Are They Good For?
Kristin Forbes, Marcel Fratzscher, Roland Straub - DP9797 - Risk, Insurance and Wages in General Equilibrium
Ahmed Mushfiq Mobarak, Mark Rosenzweig - DP9796 - Inference Based on SVAR Identified with Sign and Zero Restrictions: Theory and Applications
Jonas E. Arias, Juan Francisco Rubio-Ramírez, Daniel F Waggoner - DP9795 - State dependent monetary policy
Francesco Lippi, Stefania Ragni, Nicholas Trachter - DP9794 - Economic Transition and Private-Sector Labor Demand: Evidence from Urban China
Lakshmi Iyer, Xin Meng, Nancy Qian, Xiaoxue Zhao - DP9793 - Foreign Direct Investment and Domestic Entrepreneurship: Blessing or Curse?
Seçil Hülya Danakol, Saul Estrin, Paul Reynolds, Utz Weitzel - DP9792 - Has the U.S. Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation
Thomas Philippon - DP9791 - On absolute auctions and secret reserve prices
Philippe Jehiel, Laurent Lamy - DP9790 - On discrimination in procurement auctions
Philippe Jehiel, Laurent Lamy - DP9789 - Incentive Pay and Performance: Insider Econometrics in a Multi-Unit Firm
Hein Bogaard, Jan Svejnar - DP9788 - Does Wealth Inequality Matter for Growth? The Effect of Billionaire Wealth, Income Distribution, and Poverty
Sutirtha Bagchi, Jan Svejnar
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