CEPR -Discussion papers

December 2015

• DP11033 - Household Financial Planning and Savings Behavior
  Dirk Brounen, Kees Koedijk, Rachel A J Pownall
• DP11032 - Solution and Estimation Methods for DSGE Models
  Jesus Fernandez-Villaverde, Juan Francisco Rubio-Ramirez, Frank Schorfheide
• DP11031 - The Cost of Capital of the Financial Sector
  Tobias Adrian, Evan Friedman, Tyler Muir
• DP11030 - Moving towards a Single Labour Contract: Transition vs. Steady-state
  Juan J. Dolado, Etienne Lalé, Nawid Siassi
• DP11029 - Money demand under free banking: Switzerland 1851-1906
  Stefan Gerlach, Peter Kugler
• DP11028 - The Dynamics of Inequality
  Xavier Gabaix, Jean-Michel Lasry, Pierre-Louis Lions, Benjamin Moll
• DP11027 - International Channels of Transmission of Monetary Policy and the Mundellian Trilemma
  Hélène Rey
• DP11026 - Behavioral Macroeconomics Via Sparse Dynamic Programming
  Xavier Gabaix
• DP11025 - Migrants, Ancestors, and Investments
  Konrad B. Burchardi, Thomas Chaney, Tarek Hassan
• DP11024 - Deadly Embrace: Sovereign and Financial Balance Sheets Doom Loops
  Emmanuel Farhi, Jean Tirole
• DP11023 - Monetary Policy when Households have Debt: New Evidence on the Transmission Mechanism
  James Cloyne, Clodomiro Ferreira, Paolo Surico
• DP11022 - Capital shares and income inequality: Evidence from the long run
  Erik Bengtsson, Daniel Waldenström
• DP11021 - The World Trade Organization and the Future of Multilateralism
  Richard Baldwin
• DP11020 - An Experiment on Social Mislearning
  Erik Eyster, Matthew Rabin, Georg Weizsäcker
• DP11019 - Early Option Exercise: Never Say Never
  Lasse Heje Pedersen, Mads Vestergaard Jensen
• DP11018 - Shocking language: Understanding the macroeconomic effects of central bank communication
  Stephen Hansen, Michael McMahon
• DP11017 - Good Samaritans and the Market: Experimental Evidence on Other-Regarding Preferences in Partnership Formation
  Michèle Belot, Marcel Fafchamps
• DP11016 - Credit Frictions and Optimal Monetary Policy
  Vasco Cúrdia, Michael Woodford
• DP11015 - Deleveraging, deflation and depreciation in the euro area
  Dmitry Kuvshinov, Gernot Müller, Martin Wolf
• DP11014 - Global Imbalances Revisited: The Transfer Problem and Transport Costs in Monopolistic Competition
  Paolo Epifani, Gino A Gancia
• DP11013 - Shipment frequency of exporters and demand uncertainty: An inventory management approach
  Gábor Békés, Lionel Fontagné, Balázs Muraközy, Vincent Vicard
• DP11012 - Managers and Productivity Differences
  Nezih Guner, Andrii Parkhomenko, Gustavo Ventura
• DP11011 - The Effect of Trade Liberalization on Firm-Level Profits: An Event-Study Approach
  Holger Breinlich
• DP11010 - Flooded Cities
  Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels, Ferdinand Rauch
• DP11009 - Financial Integration and Growth in a Risky World
  Nicolas Coeurdacier, Hélène Rey, Pablo Winant
• DP11008 - Optimal Taxation with Behavioral Agents
  Emmanuel Farhi, Xavier Gabaix
• DP11007 - Old before their time: The role of employers in retirement decisions
  Piera Bello, Vincenzo Galasso
• DP11006 - The Nature and Predictive Power of Preferences: Global Evidence
  Anke Becker, Thomas J Dohmen, Benjamin Enke, Armin Falk, David Huffman, Uwe Sunde
• DP11005 - Forward Guidance in the Yield Curve: Short Rates versus Bond Supply
  Robin Greenwood, Samuel G Hanson, Dimitri Vayanos
• DP11004 - Models, Inattention and Expectation Updates
  Raffaella Giacomini, Vasiliki Skreta, Javier Turén
• DP11003 - What's Left for the WTO?
  Chad P. Bown
• DP11002 - Hidden Action and Outcome Contractibility: An Experimental Test of Contract Theory
  Eva I Hoppe, Patrick W Schmitz
• DP11001 - Immigration to the U.S.: A problem for the Republicans or the Democrats?
  Anna Maria Mayda, Giovanni Peri, Walter Steingress
• DP11000 - Writing-down debt with heterogeneous creditors: lock laws and late swap
  Sayantan Ghosal, Marcus Miller
• DP10999 - Exact Present Solution with Consistent Future Approximation: A Gridless Algorithm to Solve Stochastic Dynamic Models
  Wouter Den Haan, Michal L. Kobielarz, Pontus Rendahl
• DP10998 - The International Monetary Fund: 70 Years of Reinvention
  Carmen M. Reinhart, Christoph Trebesch
• DP10997 - Learning Entrepreneurship From Other Entrepreneurs?
  Luigi Guiso, Luigi Pistaferri, Fabiano Schivardi
• DP10996 - The Determinants of CoCo Bond Prices
  Sara Abed Masror Khah, Theo Vermaelen, Christian C Wolff
• DP10995 - A Vision of the Growth Process in a Technologically Progressive Economy: the United States, 1899-1941
  Gerben Bakker, Nicholas Crafts, Pieter Woltjer
• DP10994 - Residual Deterrence
  Francesc Dilmé, Daniel Garrett
• DP10993 - Productivity and Organization in Portuguese Firms
  Lorenzo Caliendo, Giordano Mion, Luca David Opromolla, Esteban Rossi-Hansberg
• DP10992 - Nonconsolidated subsidiaries, bank capitalization and risk taking
  Di Gong, Harry Huizinga, Luc Laeven
• DP10991 - Internet and Politics: Evidence from U.K. Local Elections and Local Government Policies
  Alessandro Gavazza, Mattia Nardotto, Tommaso Valletti
• DP10990 - Left Behind but Doing Good? Civic Engagement in Two Post-Socialist Countries
  Milena Nikolova, Monica Roman, Klaus F Zimmermann
• DP10989 - Re-examining the Middle Income Trap Hypothesis: What to Reject and What to Revive?
  Xuehui Han, Shang-Jin Wei
• DP10988 - Government quality and the economic returns of transport infrastructure investment in European regions
  Riccardo Crescenzi, Marco Di Cataldo, Andres Rodriguez-Pose
• DP10987 - Disability Benefit Generosity and Labor Force Withdrawal
  Kathleen J. Mullen, Stefan Staubli
• DP10986 - What Do We Know About Fiscal Multipliers?
  Carlo A. Favero, Madina Karamysheva
• DP10985 - How costly is corporate bankruptcy for the CEO?
  B Espen Eckbo, Karin S Thorburn, Wei Wang
• DP10984 - What Drives Financial Reform? Economics and Politics of the State-Level Adoption of Municipal Bankruptcy Laws
  Stefano Rossi, Hayong Yun
• DP10983 - Competition in Treasury Auctions
  Helmut Elsinger, Philipp Schmidt-Dengler, Christine Zulehner
• DP10982 - Short-Term Pain for Long-Term Gain: Market Deregulation and Monetary Policy in Small Open Economies
  Matteo Cacciatore, Romain Duval, Giuseppe Fiori, Fabio Ghironi
• DP10981 - Inferring Risk Perceptions and Preferences using Choice from Insurance Menus: Theory and Evidence
  Philipp Kircher, Keith Marzilli Ericson, Johannes Spinnewijn, Amanda Starc
• DP10980 - Does Science Advance One Funeral at a Time?
  Pierre Azoulay, Christian Fons-Rosen, Joshua S. Graff Zivin
• DP10979 - The GATT's Starting Point: Tariff Levels circa 1947
  Chad P. Bown, Douglas Irwin
• DP10978 - Arsenic Contamination of Drinking Water and Mental Health
  Shyamal Chowdhury, Annabelle Krause, Klaus F Zimmermann
• DP10977 - Are Competitors Forward Looking in Strategic Interactions? Evidence from the Field
  Mario Lackner, Rudi Stracke, Uwe Sunde, Rudolf Winter-Ebmer
• DP10976 - The Impact of Consumer Inattention on Insurer Pricing in the Medicare Part D Program
  Katherine Ho, Joseph Hogan, Fiona Scott Morton
• DP10975 - Homeownership of immigrants in France: selection effects related to international migration flows
  Laurent Gobillon, Matthieu Solignac
• DP10974 - Economic impossibilities for our grandchildren?
  Kevin Hjortshøj O'Rourke
• DP10973 - Measuring and Changing Control: Women's Empowerment and Targeted Transfers
  Ingvild Almas, Alex Armand, Orazio Attanasio, Pedro Carneiro
• DP10972 - Looking for a success in the euro crisis adjustment programs: the case of Portugal
  Ricardo Reis
• DP10971 - Heterogenous Taxes and Limited Risk Sharing: Evidence from Municipal Bonds
  Tania Babina, Chotibhak Jotikasthira, Christian T Lundblad, Tarun Ramadorai
• DP10970 - Identifying Effects of Multivalued Treatments
  Sokbae Lee, Bernard Salanié
• DP10969 - Information, authority, and smooth communication in organizations
  Inga Deimen, Dezso Szalay

November 2015

• DP10968 - Patents Rights and Innovation by Small and Large Firms
  Alberto Galasso, Mark Schankerman
• DP10967 - Providing Advice to Job Seekers at Low Cost: An Experimental Study on On-Line Advice
  Michèle Belot, Philipp Kircher, Paul Muller
• DP10966 - Has the Pricing of Stocks Become More Global?
  Ivan Petzev, Andreas Schrimpf, Alexander F Wagner
• DP10965 - Does the CAMEL bank ratings system follow a procyclical pattern?
  Nikolaos I. Papanikolaou, Christian C Wolff
• DP10964 - Financial Intermediation, Capital Accumulation, and Recovery
  Hans Gersbach, Jean-Charles Rochet, Martin Scheffel
• DP10963 - On Zombie Banks and Recessions after Systemic Banking Crises
  Timotej Homar, Sweder van Wijnbergen
• DP10962 - Tariff Reductions, Entry, and Welfare: Theory and Evidence for the Last Two Decades
  Lorenzo Caliendo, Robert Feenstra, John Romalis, Alan M. Taylor
• DP10961 - Dragons, Giants, Elephants and Mice: Evolution of the MFN Free Rider Problem in the WTO Era
  Rodney D Ludema, Anna Maria Mayda, Jonathan C. F. McClure
• DP10960 - Cocos, Contagion and Systemic Risk
  Stephanie Chan, Sweder van Wijnbergen
• DP10959 - Effective European Antitrust: Does EC Merger Policy Generate Deterrence
  Joseph A. Clougherty, Tomaso Duso, Miyu Lee, Jo Seldeslachts
• DP10958 - Climate Change and Long-Run Discount Rates: Evidence from Real Estate
  Stefano W Giglio, Matteo Maggiori, Johannes Ströbel, Andreas Weber
• DP10957 - Social Ties and the Efficiency of Factor Transfers
  Ulrik Beck, Benedikte Bjerge, Marcel Fafchamps
• DP10956 - Optimal Dynamic Contracting: the First-Order Approach and Beyond
  Marco Battaglini, Rohit Lamba
• DP10955 - The Conquest of Israeli Inflation and Current Policy Dilemmas
  Alex Cukierman, Rafi Melnick
• DP10954 - Mass Media and Social Change: Can We Use Television to Fight Poverty?
  Eliana La Ferrara
• DP10953 - Information Frictions and Adverse Selection: Policy Interventions in Health Insurance Markets
  Benjamin R. Handel, Jonathan Kolstad, Johannes Spinnewijn
• DP10952 - Firm and Market Response to Saving Constraints: Evidence from the Kenyan Dairy Industry
  Lorenzo Casaburi, Rocco Macchiavello
• DP10951 - Is bread gained by deceit sweet to a man? Corruption and firm efficiency
  Jan Hanousek, Anastasiya Shamshur, Jiri Tresl
• DP10950 - Sovereign Debt Restructurings: Preemptive or Post-Default
  Tamon Asonuma, Christoph Trebesch
• DP10949 - On the separation of monetary and prudential policy: how much of the pre-crisis consensus remains?
  Stephen G Cecchetti
• DP10948 - Double Bank Runs and Liquidity Risk Management
  Filippo Ippolito, José Luis Peydró, Andrea Polo, Enrico Sette
• DP10946 - Measuring expectations from household surveys: New results on subjective probabilities of future house prices
  Olympia Bover
• DP10945 - The economic consequences of mutual help in extended families
  Jean-Marie Baland, Isabelle Bonjean, Catherine Guirkinger, Roberta Ziparo
• DP10944 - Socially Disadvantaged Groups and Microfinance in India
  Jean-Marie Baland, Rohini Somanathan, Lore Vandewalle
• DP10943 - Community rating in health insurance: trade-off between coverage and selection
  Michiel Bijlsma, Jan Boone, Gijsbert Zwart
• DP10942 - Signaling Cooperation
  Matthias Heinz, Heiner Schumacher
• DP10941 - Cross-Licensing and Competition
  Doh-Shin Jeon, Yassine Lefouili
• DP10940 - Risk Sharing in a World Economy with Uncertainty Shocks
  Robert Kollmann
• DP10939 - Attention and Saliency on the Internet: Evidence from an Online Recommendation System
  Christian Helmers, Pramila Krishnan, Manasa Patnam
• DP10938 - Betting on Exports: Trade and Endogenous Heterogeneity
  Alessandra Bonfiglioli, Rosario Crinò, Gino A Gancia
• DP10937 - Economic Uncertainty and Structural Reforms
  Alessandra Bonfiglioli, Gino A Gancia
• DP10936 - World Asset Markets and the Global Financial Cycle
  Silvia Miranda-Agrippino, Hélène Rey
• DP10935 - The Long-Term Impacts of International Migration: Evidence from a Lottery
  John C Gibson, David J. McKenzie, Halahingano Rohorua, Steve Stillman
• DP10934 - The Distribution of Debt Across Euro Area Countries: The Role of IndividualCharacteristics, Institutions and Credit Conditions
  Olympia Bover, José Maria Casado, Sonia Costa, Philip Du Caju, Yvonne McCarthy, Eva Sierminska, Panagiota Tzamourani, Ernesto Villanueva, Tibor Zavadil
• DP10933 - Commuting, Migration and Local Employment Elasticities
  Ferdinando Monte, Stephen J. Redding, Esteban Rossi-Hansberg
• DP10932 - Trade in parts and components across Europe
  Richard Frensch, Jan Hanousek, Evzen Kocenda
• DP10931 - Quality and the Great Trade Collapse
  Natalie Chen, Luciana Juvenal
• DP10930 - Gender and the Effect of Working Hours on Firm-Sponsored Training
  Matteo Picchio, Jan C. van Ours
• DP10929 - Labor Supply Effects of Winning a Lottery
  Matteo Picchio, Sigrid Suetens, Jan C. van Ours
• DP10928 - Network Effects on Worker Productivity
  Matthew Lindquist, Jan Sauermann, Yves Zenou
• DP10927 - Countercyclical Foreign Currency Borrowing: Eurozone Firms in 2007-2009
  Philippe Bacchetta, Ouarda Merrouche
• DP10926 - The second wave of global liquidity: Why are firms acting like financial intermediaries?
  Julian Caballero, Ugo Panizza, Andrew Powell
• DP10925 - Corruption in PPPs, Incentives and Contract Incompleteness
  Elisabetta Iossa, David Martimort
• P10924 - Competitiveness and the gender gap among young business professionals
  Ernesto Reuben, Paola Sapienza, Luigi Zingales
• DP10923 - WSJ Category Kings - the impact of media attention on consumer and mutual fund investment decisions
  Ron Kaniel, Robert Parham
• DP10922 - A Positive Theory of Tax Reform
  Ethan Ilzetzki
• DP10921 - Inter- and intra-firm linkages: Evidence from microgeographic location patterns
  Kristian Behrens, Vera Sharunova
• DP10920 - Inequality, Public Wealth, and the Federal Shareholder
  Giacomo Corneo
• DP10919 - Contracting and the Division of the Gains from Trade
  Andrew B. Bernard, Swati Dhingra
• DP10918 - Systemic Loops and Liquidity Regulation
  Iñaki Aldasoro, Ester Faia
• DP10917 - International Corporate Governance Spillovers: Evidence from Cross-Border Mergers and Acquisitions
  Rui Albuquerque, Luis Brandão-Marques, Miguel Ferreira, Pedro Pinto Matos
• DP10916 - Institutional Investors and Corporate Political Activism
  Rui Albuquerque, Zicheng Lei, Jörg Rocholl, Chendi Zhang
• DP10915 - The Welfare Gains from Macro-Insurance Against Natural Disasters
  Eduardo Borensztein, Eduardo Cavallo, Olivier Jeanne
• DP10914 - Demand-Driven Integration and Divorcement Policy
  Patrick Legros, Andrew Newman
• DP10913 - Treatment Versus Regime Effects of Carrots and Sticks
  Patrick Arni, Rafael Lalive, Gerard J van den Berg
• DP10912 - Voting and contributing when the group is watching
  Emeric Henry, Charles Louis-Sidois
• DP10911 - Incentive Fees and Competition in Pension Funds: Evidence from a Regulatory Experiment in Israel
  Assaf Hamdani, Eugene Kandel, Yevgeny Mugerman, Yishay Yafeh
• DP10910 - Forecasting Unemployment across Countries: the Ins and Outs
  Régis Barnichon, Paula Garda

October 2015

• DP10909 - Are Capital Inflows Expansionary or Contractionary? Theory, Policy Implications, and Some Evidence
  Olivier Blanchard, Marcos Chamon, Atish Ghosh, Jonathan D Ostry
• DP10908 - Trading Votes for Votes. A Decentralized Matching Algorithm
  Alessandra Casella, Thomas R Palfrey
• DP10907 - Beyond Truth-Telling: Preference Estimation with Centralized School Choice
  Gabrielle Fack, Julien Grenet, Yinghua He
• DP10906 - Price Dispersion and Informational Frictions: Evidence from Supermarket Purchases
  Pierre Dubois, Helena Perrone
• DP10905 - Global Imbalances and Currency Wars at the ZLB
  Ricardo Caballero, Emmanuel Farhi, Pierre-Olivier Gourinchas
• DP10904 - Monetary Policy in Turkey after Central Bank Independence
  Refet S. Gürkaynak, Zeynep Kantur, Mustafa Anil Tas, Secil Yildirim
• DP10903 - Comparative Advantage, International Trade, and Fertility
  Quy-Toan Do, Andrei A. Levchenko, Claudio Raddatz
• DP10902 - The Permanent Effects of Fiscal Consolidations
  Antonio Fatás, Lawrence Summers
• DP10901 - Lending-of-last-resort is as lending-of-last-resort does: Central bank liquidity provision and interbank market functioning in the euro area
  Carlos Garcia de Andoain, Florian Heider, Marie Hoerova, Simone Manganelli
• DP10900 - Measuring Economic Policy Uncertainty
  Scott R. Baker, Nicholas Bloom, Steven J Davis
• DP10899 - Income Inequality and Asset Prices under Redistributive Taxation
  Luboš Pástor, Pietro Veronesi
• DP10898 - The Pitfalls of External Dependence: Greece, 1829-2015
  Carmen M. Reinhart, Christoph Trebesch
• DP10897 - Distributional Consequences of Asset Price Inflation in the Euro Area
  Klaus Adam, Panagiota Tzamourani
• DP10896 - Marginal Tax Rates and Income: New Time Series Evidence
  Karel Mertens
• DP10895 - The Optimal Coordination of Fiscal and Monetary Policy in a New Keynesian Framework
  Paul Luk, David Vines
• DP10894 - Monetary and fiscal policy in the Great Moderation and the Great Recession
  Christopher Allsopp, David Vines
• DP10893 - Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis
  Mariana García-Schmidt, Michael Woodford
• DP10892 - Speculation and the Bond Market: An Empirical No-arbitrage Framework
  Francisco Barillas, Kristoffer P Nimark
• DP10891 - Ripple effects from industry defaults
  Dennis Bams, Magdalena Pisa, Christian C Wolff
• DP10890 - Leverage and risk in US commercial banking in the light of the current financial crisis
  Nikolaos I. Papanikolaou, Christian C Wolff
• DP10889 - Credit risk characteristics of US small business portfolios
  Dennis Bams, Magdalena Pisa, Christian C Wolff
• DP10888 - Electoral Competition with Rationally Inattentive Voters
  Filip Matejka, Guido Tabellini
• DP10887 - Demographics and the Secular Stagnation Hypothesis in Europe
  Carlo A. Favero, Vincenzo Galasso
• DP10886 - Trade and Towns: Heterogeneous Adjustment to a Border Shock
  Marius Brülhart, Céline Carrère, Frédéric Robert-Nicoud
• DP10885 - Migration State and Welfare State: Competition vs. Coordination in Economic Unions
  Assaf Razin, Efraim Sadka
• DP10884 - Going to Extremes: Politics after Financial Crises, 1870-2014
  Manuel Funke, Moritz Schularick, Christoph Trebesch
• DP10883 - Partial Identification in Applied Research: Benefits and Challenges
  Katherine Ho, Adam M. Rosen
• DP10882 - The National Wealth of Sweden, 1810–2014
  Daniel Waldenström
• DP10881 - The Role of Women in Traditional Agriculture: Evidence From Italy
  Giovanni Federico, Pablo Martinelli
• DP10880 - Virtuous Circles and the Case for Aid
  Patrick Carter, Jonathan Temple
• DP10879 - Bobos in Paradise: Urban Politics and the New Economy
  Gilles Saint-Paul
• DP10878 - Wealth-income ratios in a small, late-industrializing, welfare-state economy: Sweden, 1810–2014
  Daniel Waldenström
• DP10877 - Store Brands and the Role of Advertising
  Rachel Griffith, Michal Krol, Kate Smith
• DP10876 - Does institutional quality matter for trade? Institutional conditions in a sectoral trade framework
  Inmaculada C. Álvarez, Javier Barbero, Andres Rodriguez-Pose, Jose L. Zofio
• DP10875 - QE and the Bank Lending Channel in the United Kingdom
  Nicholas Butt, Rohan Churm, Michael McMahon, Arpad Morotz, Jochen Schanz
• DP10874 - The Hidden Cost of Globalization: Import Competition and Mental Distress
  Italo Colantone, Rosario Crinò, Laura Ogliari
• DP10873 - Electoral Incentives, Term Limits and the Sustainability of Peace
  Paola Conconi, Nicolas Sahuguet, Maurizio Zanardi
• DP10872 - Identification and Estimation of Dynamic Games when Players' Beliefs Are Not in Equilibrium
  Victor Aguirregabiria, Arvind Magesan
• DP10871 - How Firms Export: Processing vs. Ordinary Trade with Financial Frictions
  Kalina Manova, Zhihong Yu
• DP10870 - Non-Cooperative and Cooperative Responses to Climate Catastrophes in the Global Economy: A North-South Perspective
  Aart J. de Zeeuw, Frederick van der Ploeg
• DP10869 - Endogenous Sector-Biased Technological Change and Industrial Policy
  Berthold Herrendorf, Akos Valentinyi
• DP10868 - Investment strategy and selection bias: An equilibrium perspective on overconfidence
  Philippe Jehiel
• DP10867 - Gender Gaps in Performance: Evidence from Young Lawyers
  Ghazala Azmat, Rosa Ferrer
• DP10866 - Structural Demand Estimation with Borrowing Constraints
  Amine Ouazad, Romain Rancière
• DP10865 - Household Debt and Crises of Confidence
  Thomas Hintermaier, Winfried Koeniger
• DP10864 - Offshoring and Skill-upgrading in French Manufacturing: A Heckscher-Ohlin-Melitz View
  Juan Carluccio, Alejandro Cuñat, Harald Fadinger, Christian Fons-Rosen
• DP10863    A big-picture socioeconomic perspective of Israel: the story of two nations in one
  Dan Ben-David
• DP10862 - Price Competition in Product Variety Networks
  Philip Ushchev, Yves Zenou
• DP10861 - Loss aversion on the phone
  Christos D. Genakos, Costas Roumanias, Tommaso Valletti
• DP10860 - Love conquers all but nicotine; spousal peer effects on the decision to quit smoking
  Ali Palali, Jan C. van Ours
• DP10859 - Long-Term Direct and Spillover Effects of Job Training: Experimental Evidence from Colombia
  Luis Omar Herrera Prada, Adriana D. Kugler, Maurice Kugler, Juan Esteban Saavedra
• DP10858 - Researcher's Dilemma
  Catherine Bobtcheff, Jérôme Bolte, Thomas Mariotti
• DP10857 - Competitive pricing strategies in social networks
  Ying-Ju Chen, Yves Zenou, Junjie Zhou
• DP10856 - Beggar-thy-neighbor? The international effects of ECB unconventional monetary policy measures
  Kristina Bluwstein, Fabio Canova

September 2015

• DP10855 - Offshoring and the Geography of Jobs in Great Britain
  Luisa Gagliardi, Simona Iammarino, Andres Rodriguez-Pose
• DP10854 - The Benefits of Forced Experimentation: Striking Evidence from the London Underground Network
  Shaun Larcom, Ferdinand Rauch, Tim Willems
• DP10853 - EC – Seal Products: The Tension between Public Morals and International Trade Agreements
  Paola Conconi, Tania Voon
• DP10852 - What Drives Home Market Advantage?
  Kerem Cosar, Paul L. E. Grieco, Shengyu Li, Felix Tintelnot
• DP10851 - Merger Policy in a Quantitative Model of International Trade
  Holger Breinlich, Volker Nocke, Nicolas Schutz
• DP10850 - On Competitive Nonlinear Pricing
  Andrea Attar, Thomas Mariotti, François Salanié
• DP10849 - Precautionary Savings, Illiquid Assets, and the Aggregate Consequences of Shocks to Household Income Risk
  Christian Bayer, Ralph Lütticke, Lien Pham-Do, Volker Tjaden
• DP10848 - Mobile Money, Trade Credit, and Economic Development: Theory and Evidence
  Thorsten Beck, Haki Pamuk, Ravindra Ramrattan, Rasim Burak Uras
• DP10847 - Optimal Inflation with Corporate Taxation and Financial Constraints
  Daria Finocchiaro, Giovanni Lombardo, Caterina Mendicino, Philippe Weil
• DP10846 - Structural Change with Long-run Income and Price Effects
  Diego Comin, Danial Lashkari, Martí Mestieri
• DP10845 - On the roles of different foreign currencies in European bank lending
  Signe Krogstrup, Cédric Tille
• DP10844 - Knocking on Tax Haven’s Door: Multinational Firms and Transfer Pricing
  Ronald Davies, Julien Martin, Mathieu Parenti, Farid Toubal
• DP10843 - Islam, Inequality and Pre-Industrial Comparative Development
  Stelios Michalopoulos, Alireza Naghavi, Giovanni Prarolo
• DP10842 -  Economic Activity and the Spread of Viral Diseases: Evidence from High Frequency Data
  Jérôme Adda
• DP10841 - Liberty, Religiosity, and Effort
  Joan Maria Esteban, Gilat Levy, Laura Mayoral
• DP10840 - Liquidity, Innovation, and Endogenous Growth
  Semyon Malamud, Francesca Zucchi
• DP10839 - Do Banks Pass Through Credit Expansions? The Marginal Profitability of Consumer Lending During the Great Recession
  Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney, Johannes Ströbel
• DP10838 - Politically Induced Regulatory Risk and Independent Regulatory Agencies
  Roland Strausz
• DP10837 - Internalizing Global Value Chains: A Firm-Level Analysis
  Laura Alfaro, Pol Antràs, Davin Chor, Paola Conconi
• DP10836 - Entry Regulation in Retail Markets
  Andrea Pozzi, Fabiano Schivardi
• DP10835 - Preference Externalities in Media Markets
  Simon P Anderson, Joel Waldfogel
• DP10834 - Services Trade Restrictiveness and Manufacturing Productivity: The Role of Institutions
  Cosimo Beverelli, Matteo Fiorini, Bernard Hoekman
• DP10833 - Behavioral Responses to Local Tax Rates: Quasi-Experimental Evidence from a Foreigners' Tax Scheme in Switzerland
  Kurt Schmidheiny, Michaela Slotwinski
• DP10832 - The Role of Cultural Leaders in the Transmission of Preferences
  Thierry Verdier, Yves Zenou
• DP10831 - Measuring image concerns
  Emeric Henry, Jan Sonntag
• DP10830 - Search for Yield
  David Martinez-Miera, Rafael Repullo
• DP10829 - How to construct nationally representative firm level data from the ORBIS global database
  Sebnem Kalemli-Ozcan, Bent E. Sorensen, Carolina Villegas-Sanchez, Vadym Volosovych, Sevcan Yesiltas
• DP10828 - Country shocks, monetary policy expectations and ECB decisions. A dynamic non-linear approach
  Maximo Camacho, Danilo Leiva-Leon, Gabriel Pérez-Quirós
• DP10827 - The choice of flexibility in targeting inflation during normal times and during disinflation
  Alex Cukierman
• DP10826 - Capital Allocation and Productivity in South Europe
  Gita Gopinath, Sebnem Kalemli-Ozcan, Loukas Karabarbounis, Carolina Villegas-Sanchez
• DP10825 - The Great Moderation in historical perspective.Is it that great?
  Maria Dolores Gadea Rivas, Ana Gómez Loscos, Gabriel Pérez-Quirós
• DP10824 - Investing in Systematic Factor Premiums
  Kees Koedijk, Alfred Slager, Philip Stork
• DP10823 - Reference Point Formation
  Kees Koedijk, Charles Noussair, Rachel A J Pownall, Ayse Terzi
• DP10822 - Earmarking and the political support of fat taxes
  Helmuth Cremer, Catarina Goulão, Kerstin Roeder
• DP10821 - Identification and Estimation of Preference Distributions When Voters Are Ideological
  Áureo De Paula, Antonio Merlo
• DP10820 - Are retail traders compensated for providing liquidity?
  Jean-Noël Barrot, Ron Kaniel, David Sraer
• DP10819 - Money Creation: Tax or Public Liquidity?
  Pietro Reichlin
• DP10818 - Fear of Liftoff: Uncertainty, Rules and Discretion in Monetary Policy Normalization
  Athanasios Orphanides
• DP10817 - Exit expectations and debt crises in currency unions
  Alexander Kriwoluzky, Gernot Müller, Martin Wolf
• DP10816 - Urban Networks: Spreading the Flow of Goods, People, and Ideas
  Edward L Glaeser, Giacomo AM Ponzetto, Yimei Zou
• DP10815 - Predictable Recoveries
  Xiaoming Cai, WouterPublished
• DP10814 - Unemployment (Fears) and Deflationary Spirals
  Wouter Den Haan, Pontus Rendahl, Markus Riegler
• DP10813 - Too Much Attention on Low Prices? Loss Leading in a Model of Sales with Salient Thinkers
  Roman Inderst, Martin Obradovits
• DP10812 - Insurer Competition in Health Care Markets
  Katherine Ho, Robin S. Lee
• DP10811 - Aid and growth. New evidence using an excludable instrument
  Axel Dreher, Sarah Langlotz
• DP10810 - The challenge of measuring UK wealth inequality in the 2000s
  Facundo Alvaredo, Tony Atkinson, Salvatore Morelli
• DP10809 - Is a normal copula the right copula?
  Dante Amengual, Enrique Sentana
• DP10808 - The Political Economy of Liberal Democracy
  Sharun Mukand, Dani Rodrik
• DP10807 - Trading Down and the Business Cycle
  Nir Jaimovich, Sérgio Rebelo, Arlene Wong
• DP10806 - On the Optimal Provision of Social Insurance: Progressive Taxation versus Education Subsidies in General Equilibrium
  Dirk Krueger, Alexander Ludwig
• DP10805 - Financial Fragmentation and Economic Growth in Europe
  Isabel Schnabel, Christian Seckinger
• DP10804 - Size and Momentum Profitability in International Stock Markets
  Peter S. Schmidt, Andreas Schrimpf, Urs von Arx, Alexander F Wagner, Andreas Ziegler
• DP10803 - Approximating time varying structural models with time invariant structures
  Fabio Canova, Filippo Ferroni, Christian Matthes
• DP10802 - Taxing Fragmented Aid to Improve Aid Efficiency
  Emmanuelle Auriol, Josepa Miquel-Florensa
• DP10801 - Structural Analysis with Multivariate Autoregressive Index Models
  Andrea Carreiro, George Kapetanios, Massimiliano Marcellino

August 2015

• DP10800 - Country Size and Corporate Tax Rate: Rationale and Empirics
  Céline Azémar, Rodolphe Desbordes, Ian Wooton
• DP10799 - Analysis of mergers in first-price auctions
  Klaus Peter Gugler,
• DP10798 - NTMs, Preferential Trade Agreements, and Prices: New evidence
  Olivier Cadot, Julien Gourdon
• DP10797 - Brands in Motion: How frictions shape multinational production
  Keith Head, Thierry Mayer
• DP10796 - Team incentives and performance: Evidence from a retail chain
  Guido Friebel, Matthias
• DP10795 - A formal analysis of the beginnings of coinage in antiquity
  Jacques Melitz
• DP10794 - Intra Firm Bargaining and Shapley Values
  Björn Brügemann, Pieter A. Gautier, Guido Menzio
• DP10793 - The Welfare Effects of Endogenous Quality Choice in Cable Television Markets
  Gregory S. Crawford, Oleksandr Shcherbakov, Matthew Shum
• DP10792 - First Price Auctions with General Information Structures: Implications for Bidding and Revenue
  Dirk Bergemann, Benjamin A Brooks, Stephen Morris
• DP10791 - Information and Market Power
  Dirk Bergemann
• DP10790 - Skilled Cities, Regional Disparities, and Efficient Transport: The state of the art and a research agenda
  Stef Proost, Jacques-François Thisse
• DP10789 - Is Centralization a Solution to the Soft Budget Constraint Problem?
  Avi Ben-Bassat, Momi Dahan, Esteban F Klor
• DP10788 - The Dynamic Free Rider Problem: A Laboratory Study
  Marco Battaglini, Salvatore Nunnari, Thomas R Palfrey
• DP10787 - Estimating the Extensive Margin of Trade
  J.M.C Santos Silva, Silvana Tenreyro, Kehai Wei
• DP10786 - Pushing on a String: US Monetary Policy is Less Powerful in Recessions
  Silvana Tenreyro, Gregory Thwaites
• DP10785 - The Transmission of Monetary Policy through Redistributions and Durable Purchases
  Vincent Sterk, Silvana Tenreyro
• DP10784 - Relational Contracts and Supplier Turnover in the Global Economy
  Fabrice Defever, Christian Fischer, Jens Südekum
• DP10783 - Innovation, Emissions Policy, and Competitive Advantage in the Diffusion of European Diesel Automobiles
  Eugenio J Miravete, Maria J Moral Rincón, Jeff Thurk
• DP10782 - Fertility Convergence
  Tiloka De-Silva, Silvana Tenreyro
• DP10781 - Leveraged Bubbles
  Òscar Jordà, Moritz Schularick, Alan M. Taylor
• DP10780 - Long-Run Impacts of Land Regulation: Evidence from Tenancy Reform in India
  Timothy J. Besley, Jessica Leight, Rohini Pande, Vijayendra Rao
• DP10779 - Small Firms' Formalization The Stick Treatment
  Giacomo De Giorgi, Matthew Ploenzke, Aminur Rahman
• DP10778 - The Taxation of Superstars
  Florian Scheuer, Iván Werning
• DP10777 - The Funding of the Irish Domestic Banking System During the Boom
  Philip R. Lane
• DP10776 - Macro-Financial Stability under EMU
  Philip R. Lane
• DP10775 - Diversification through Trade
  Francesco Caselli, Miklós Koren, Milan Lisicky, Silvana Tenreyro
• DP10774 - Housing, Capital Taxation and Bequests in a Simple OLG Model
  Robert J. Gary-Bobo, Jamil Nur
• DP10773 - Culture and Institutions
  Alberto F Alesina, Paola Giuliano
• DP10772 - The Introduction of Academy Schools to England’s Education
  Andrew Eyles, Steve Machin
• DP10771 - Information and Price Dispersion: Theory and Evidence
  Dieter Pennerstorfer, Philipp Schmidt-Dengler, Nicolas Schutz, Christoph Weiss, Biliana Yontcheva
• DP10770 - Wage compression within the firm
  Marco Leonardi, Michele Pellizzari, Domenico Tabasso
• DP10769 - Fighting Crime with a Little Help from my Friends: Political Alignment, Inter-Jurisdictional Cooperation and Crime in Mexico
  Ruben Durante, Emilio Gutierrez
• DP10768 - Measuring the Impacts of Teachers: Response to Rothstein (2014)
  Raj Chetty, John Friedman, Jonah Rockoff
• DP10767 - Is Optimal Monetary Policy Always Optimal?
  Troy Davig, Refet S. Gürkaynak
• DP10766 - Testing macro models by indirect inference: a survey for users
  Vo Phuong Mai Le, David Meenagh, Patrick Minford, Michael R. Wickens, Yongdeng Xu
• DP10765 - Comparing Indirect Inference and Likelihood testing: asymptotic and small sample results
  David Meenagh, Patrick Minford, Michael R. Wickens, Yongdeng Xu
• DP10764 - The Economy of People’s Republic of China from 1953
  Anton Cheremukhin, Mikhail Golosov, Sergei Guriev, Aleh Tsyvinski
• DP10763 - When is Nonfundamentalness in VARs A Real Problem? An Application to News Shocks.
  Paul Beaudry, Patrick Fève, Alain Guay, Franck Portier
• DP10762 - Advertising Competition in the French Free-To-Air Television Broadcasting Industry
  Marc Ivaldi, Jiekai Zhang
• DP10761 - Back to Gold: Sterling in 1925
  Stefan Gerlach, Peter Kugler
• DP10760 - Minimum Wages in Sub-Saharan Africa: A Primer
  Haroon Bhorat, Ravi Kanbur, Benjamin Stanwix
• DP10759 - Who’s Getting Globalized? The Size and Implications of Intra-national Trade Costs
  David Atkin, Dave Donaldson
• DP10758 - A mechanism design approach to the Tiebout hypothesis
  Philippe Jehiel, Laurent Lamy
• DP10757 - Does Foreign Entry Spur Innovation?
  Yuriy Gorodnichenko, Jan Svejnar, Katherine Terrell
• DP10756 - The Housing Cost Disease
  Nicola Borri, Pietro Reichlin
• DP10755 - Bad Behavior: Delinquency, Arrest and Early School Leaving
  Jan C. van Ours, Shannon Ward, Jenny Williams
• DP10754 - Optimal Taxation and Public Provision for Poverty Reduction
  Ravi Kanbur, Jukka , Matti Tuomala, Tuuli Ylinen
• DP10753 - Death, Bereavement, and Creativity
  Kathryn Graddy
• DP10752 - Experience-Biased Technical Change
  Francesco Caselli
• DP10751 - The symmetric equilibria of symmetric voter participation games with complete information
  Georg , Jorge
• DP10750 - Attack When the World Is Not Watching? International Media and the Israeli-Palestinian Conflict
  Ruben Durante, Ekaterina Zhuravskaya
• DP10749 - Does Economic Prosperity Breed Trust?
  Markus Brueckner, Alberto Chong, Mark Gradstein
• DP10748 - Economic distributions and primitive distributions in monopolistic competition
  Simon P Anderson, de Palma
• DP10747 - Cash Providers: Asset Dissemination over Intermediation Chains
  Jean-Edouard Colliard, Gabrielle Demange
• DP10746 - Moving to Opportunity or Isolation? Network Effects of a Randomized Housing Lottery in Urban India
  Sharon Barnhardt, Erica Field, Rohini Pande
• DP10745 - Hysteresis and the European Unemployment Problem Revisited
  Jordi
• DP10744 - Not so Disconnected: Exchange Rates and the Capital Stock
  Tarek Hassan, Thomas M. Mertens, Tony Zhang
• DP10743 - Low Quality, Low Returns, Low Adoption: Evidence from the Market for Fertilizer and Hybrid Seed in Uganda
  Tessa Bold, Kayuki Kaizzi, Jakob Svensson, David Yanagizawa-Drott
• DP10742 - Cereals, Appropriability and Hierarchy
  Joram Mayshar, Omer Moav, Zvika Neeman, Luigi Pascali

July 2015

• DP10741 - Maintaining Central-Bank Financial Stability under New-Style Central Banking
  Robert E Hall, Ricardo Reis
• DP10740 - Do Social Factors Influence Investment Behaviour and Performance? Evidence from Mutual Fund Holdings.
  Arian Borgers, Jeroen Derwall, Kees Koedijk, Jenke ter Horst
• DP10739 - Inflation forecasting models for Uganda: is mobile money relevant?
  Janine Aron, John Muellbauer, Rachel Sebudde
• DP10738 -The Political Legacy of Entertainment TV
  Ruben Durante, Paolo Pinotti, Andrea Tesei
• DP10737 - Trading Fees and Slow-Moving Capital
  Adrian Buss, Bernard J Dumas
• DP10736 - Designing Institutions for Diversity
  Igor Letina, Armin Schmutzler
• DP10735 - Organizational Barriers to Technology Adoption: Evidence from Soccer-Ball Producers in Pakistan
  David Atkin, Azam Chaudhry, Shamyla Chaudry, Amit Khandelwal, Eric A Verhoogen
• DP10734 - Job Quality in Segmented Labor Markets: The Israeli Case
  Shoshana Neuman
• DP10733 - Long Term Impacts of Vouchers for Vocational Training: Experimental Evidence for Colombia
  Orazio Attanasio, Arlen , Carlos Medina, Costas Meghir
• DP10732 - Aggregating Elasticities: Intensive and Extensive Margins of Female Labour Supply
  Orazio Attanasio, Peter Levell, Hamish Low, Virginia
• DP10731 - Logit Price Dynamics
  James Costain, Anton Nakov
• DP10730 - Averting Catastrophes: The Strange Economics of Scylla and Charybdis
  Ian Martin, Robert Pindyck
• DP10729 - Seniority Wages and the Role of Firms in Retirement
  Wolfgang Frimmel, Gerard Thomas Horvath, Mario Schnalzenberger, Rudolf Winter-Ebmer
• DP10728 - The Effect of Income on Mortality - New Evidence for the Absence of a Causal Link
  Alexander Ahammer, Gerard Thomas Horvath, Rudolf Winter-Ebmer
• DP10727 - Can a Financial Transaction Tax Prevent Stock Price Booms?
  Klaus Adam, Johannes Beutel, Albert Marcet, Sebastian Merkel
• DP10726 - The Cyclicality of Sales, Regular and Effective Prices: Comment
  Etienne Gagnon, J David , Jason Sockin
• DP10725 - Small Price Responses to Large Demand Shocks
  Etienne Gagnon, J David
• DP10724 - International Risk Sharing and Portfolio Choice with Non-separable Preferences
  Hande , Alan Sutherland
• DP10723 - The Agenda for Structural Reform in Europe
  Antonio Fatàs
• DP10722 - Paternalism, Cultural Transmission and Diffusion on Complex Networks
  Fabrizio Panebianco, Thierry Verdier
• DP10721 - The Political Economy of Public Income Volatility: With an Application to the Resource Curse
  James A Robinson, Ragnar Torvik, Thierry Verdier
• DP10720 - Rational Inattention Dynamics: Inertia and Delay in Decision-Making
  Filip Matejka, Jakub Steiner, Colin Stewart
• DP10719 - Credit Ratings and Acquisitions
  Nihat Aktas, Nikolaos Karampatsas, Dimitris Petmezas, Henri Servaes
• DP10718 - Beyond Competitive Devaluations: The Monetary Dimensions of Comparative Advantage
  Paul R Bergin, Giancarlo Corsetti
• DP10717 - The Impact of Treasury Supply on Financial Sector Lending and Stability
  Arvind Krishnamurthy, Annette Vissing-Jorgensen
• DP10716 - Jump-Starting the Euro Area Recovery: Would a Rise in Core Fiscal Spending Help the Periphery?
  Olivier J Blanchard, Christopher Erceg, Jesper
• DP10715 - What is the Expected Return on the Market?
  Ian Martin
• DP10714 - The supply side of household finance
  Gabriele , Leonardo Gambacorta, Luigi Guiso, Paolo Emilio Mistrulli
• DP10713    Like Me, Buy Me: The Effect of Soft Power on Exports
  Andrew K Rose
• DP10712 - Not Working At Work: Loafing, Unemployment and Labor Productivity
  Michael C Burda, Katie R. Genadek, Daniel S. Hamermesh
• DP10711 - Employment and Wage Insurance within Firms: Worldwide Evidence
  Andrew Ellul, Marco Pagano, Fabiano Schivardi
• DP10710 - Means testing versus basic income: the (lack of) political support for a universal allowance
  Helmuth Cremer, Kerstin Roeder
• DP10709 - Multiple Activities for Socially-Connected Criminals
  Ying-Ju Chen, Yves Zenou, Junjie Zhou
• DP10708 - Endogenous Intermediation in Over-the-Counter Markets
  Ana Babus, Tai-Wei Hu
• DP10707 - Property crime and private protection allocation within cities: theory and evidence
  Bruno Decreuse, Steve Mongrain, Tanguy van Ypersele
• DP10706 - Asymmetries and Portfolio Choice
  Magnus Dahlquist, Adam Farago,
• DP10705 - The Antecedents and Aftermath of Financial Crises as told by Carlos F. Daz Alejandro
  Carmen M. Reinhart
• DP10704 - Aid on Demand: African Leaders and the Geography of China's Foreign Assistance
  Axel Dreher, Andreas Fuchs, Roland Hodler, Bradley C. Parks, Paul A. Raschky, Michael J. Tierney
• DP10703 - Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana
  James Berry, Greg Fischer, Raymond Guiteras
• DP10702 - Capital Markets in China and Britain, 18th and 19th Century: Evidence from Grain Prices
  Wolfgang Keller, Carol Hua Shiue, Xin Wang
• DP10701 - The Optimal Timing of UI Benefits: Theory and Evidence from Sweden
  Jonas Kolsrud, Camille Landais, Peter Nilsson, Johannes Spinnewijn
• DP10700 - Legal Evolution and Contract Evolution under Imperfect Enforcement
  Nicola Gennaioli, Giacomo AM Ponzetto
• DP10699 - Roads Leading to Self-Employment: Comparing Transgenerational Entrepreneurs and Self-Made Start-Ups
  Boris Blumberg, Gerard Antonie Pfann
• DP10698 - The Consumption Response to Liquidity-Enhancing Transfers: Evidence from Italian Earthquakes
  Antonio Acconcia, Giancarlo Corsetti, Saverio Simonelli
• DP10697 - A Model of the Twin Ds: Optimal Default and Devaluation
  Seunghoon Na, Stephanie , Uribe, Vivian Yue
• DP10696 - The Importance of Geographic Access for the Impact of Microfinance
  Nargiza Alimukhamedova, Randall K Filer, Jan Hanousek
• DP10695 - Healthy(?), Wealthy and Wise: Birth Order and Adult Health
  Sandra Black, Paul J. Devereux, Kjell G Salvanes
• DP10694 - On the Origins of Risk-Taking
  Sandra Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi
• DP10693 - Different types of central bank insolvency and the central role of seignorage
  Ricardo Reis
• DP10692 - Trade and frictional unemployment in the global economy
  Anja Grujovic, Robert-Nicoud
• DP10691 - Human Capital and the Dynamic Effects of Trade
  Raphael Auer
• DP10690 - Governance and the Effectiveness of Public Health Subsidies
  Rebecca Dizon-Ross, Pascaline Dupas, Jonathan Robinson
• DP10689 - The Effect of Savings Accounts on Interpersonal Financial Relationships: Evidence from a Field Experiment in Rural Kenya
  Pascaline Dupas, Anthony Keats, Jonathan Robinson
• DP10688 - Early Maternal Time Investment and Early Child Outcomes
  Emilia del Bono, Marco Francesconi, Yvonne Kelly, Amanda Sacker
• DP10687 - Coercive Trade Policy
  Vincent Anesi, Giovanni Facchini
• DP10686 - Government versus private ownership of public goods: The role of bargaining frictions
  Patrick W Schmitz
• DP10685 - What Do Stock Markets Tell Us About Exchange Rates?
  Gino Cenedese, Richard Payne, Lucio Sarno, Giorgio Valente
• DP10684 - Dismissal Disputes and Endogenous Sorting
  Pietro Garibaldi, Gerard Antonie Pfann
• DP10683 - Inattention and Inertia in Household Finance: Evidence from the Danish Mortgage Market
  Steffen Andersen, John Y Campbell, Kasper Meisner Nielsen, Tarun Ramadorai

June 2015

• DP10682 - Leniency and Damages
  Paolo Buccirossi, Catarina , Giancarlo Spagnolo
• DP10681 - An Intertemporal CAPM with Stochastic Volatility
  John Y Campbell, Stefano W Giglio, Christopher Polk, Robert Turley
• DP10680 - The Consumption and Wealth Effects of an Unanticipated Change in Lifetime Resources
  Tullio Jappelli, Mario Padula
• DP10679 - Patent Boxes Design, Patents Location and Local R&D
  Annette Alstadsaeter, Salvador Barrios, , Agnieszka Maria Skonieczna, Antonio Vezzani
• DP10678 - Applications for Asylum in the Developed World: Modelling Asylum Claims by Origin and Destination
  Timothy J. Hatton, Joe Moloney
• DP10677 - Import Competition and the Great U.S. Employment Sag of the 2000s
  Daron Acemoglu, David Autor, David Dorn, Gordon Hanson, Brendan Price
• DP10676 - The Economics of Television and Online Video Markets
  Gregory S Crawford
• DP10675 - Stature and Sibship: Historical Evidence
  Timothy J. Hatton
• DP10674 - Optimal Fiscal Policy with Endogenous Product Variety
  Sanjay K. Chugh, Fabio Ghironi
• DP10673 - Agglomeration Economies and Productivity Growth: U.S. Cities, 1880-1930
  Nicholas Crafts, Alexander Klein
• DP10672 - Is the WTO Pass?
  Kyle Bagwell, Chad P.Published June 2015
• DP10671 - Joint Design of Emission Tax and Trading Systems
  Bernard Caillaud, Gabrielle Demange
• DP10670 - Income effects and the welfare consequences of tax in differentiated product oligopoly
  Rachel Griffith, Lars Nesheim, Martin O'Connell
• DP10669 - Forward Guidance
  Lars E O Svensson
• DP10668 - Redistribution and Insurance with Simple Tax Instruments
  Sebastian Findeisen, Dominik Sachs
• DP10667 - Economic and Social Impacts of the Media
  Stefano Della Vigna, Eliana La Ferrara
• DP10666 - Can Innovation Help U.S. Manufacturing Firms Escape Import Competition from China?
  Johan Hombert, Adrien Matray
• DP10665 - Opacity and Liquidity
  Stenzel, Wolf Wagner
• DP10664 - Securitization and Economic Activity: The Credit Composition Channel
  Ata Can Bertay, Di Gong, Wolf Wagner
• DP10663 - Central Bank Collateral Frameworks
  Kjell G Nyborg
• DP10662 - Recruitment and Selection in Organizations
  Ricardo Alonso
• DP10661 - Determinants and Valuation Effects of the Home Bias in European Banks' Sovereign Debt Portfolios
  Harry Huizinga, Vasso Ioannidou
• DP10660 - Asymmetric information, security design, and the pecking (dis)order
  Paolo Fulghieri, Diego Garcia, Dirk Hackbarth
• DP10659 - Innovation and Top Income Inequality
  Philippe Aghion, Ufuk Akcigit, Antonin Bergeaud, Richard William Blundell, David Hemous
• DP10658 - Airport Prices in a Two-Sided Market Setting: Major US Airports
  Marc Ivaldi, Senay Sokullu, Tuba Toru
• DP10657 - Prices and Heterogeneous Search Costs
  Zsolt , Matthijs Wildenbeest
• DP10656 - The performance of school assignment mechanisms in practice
  Monique de Haan, Pieter A Gautier, Hessel Oosterbeek, Bas van der Klaauw
• DP10655 - How Important Are Terms Of Trade Shocks?
  Stephanie , Uribe
• DP10654 - The Long-Term Determinants of Female HIV Infection in Africa: The Slave Trade, Polygyny, and Sexual Behavior
  Graziella Bertocchi, Arcangelo Dimico
• DP10653 - Norwegian Rhapsody? The Political Economy Benefits of Regional Integration
  Nauro F Campos, Fabrizio Coricelli, Luigi Moretti
• DP10652 - Debt into Growth: How Sovereign Debt accelerated the First Industrial Revolution
  Jaume Ventura, Hans-Joachim Voth
• DP10651 - A Model of Financialization of Commodities
  Suleyman Basak, Anna Pavlova
• DP10650 - Direct and indirect effects of training vouchers for the unemployed
  Martin Huber, Michael Lechner, Anthony Strittmatter
• DP10649 - Explaining the Unexplained: Residual Wage Inequality, Manufacturing Decline, and Low-Skilled Immigration
  Eric D Gould
• DP10648 - Financial Frictions, Financial Shocks and Unemployment Volatility
  Tito Boeri, Pietro Garibaldi, Espen R Moen
• DP10647 - The Changing Returns to Crime: Do Criminals Respond to Prices?
  Mirko Draca, Theodore Koutmeridis, Steve Machin
• DP10646 - Extended Unemployment Benefits and Early Retirement: Program Complementarity and Program Substitution
  Lukas Inderbitzin, Stef
• DP10645 - Reviving the Limit Cycle View of Macroeconomic Fluctuations
  Paul Beaudry, Dana Galizia, Franck Portier
• DP10644 - Ancestry, Language and Culture
  Enrico Spolaore, Rom
• DP10643 - Can helping the sick hurt the able? Incentives, information and disruption in a disability-related welfare reform
  Nitika Bagaria, Barbara Petrongolo, John Van Reenen
• DP10642 - Why does financial sector growth crowd out real economic growth?
  Stephen G Cecchetti, Enisse Kharroubi

May 2015

• DP10641 - Gale-Nikaido-Debreu and Milgrom-Shannon: Market Interactions with Endogenous Community Structures
  Daniil Musatov, Alexei Savvateev, Shlomo Weber
• DP10640 - Linguistic Distances and their Use in Economics
  Victor Ginsburgh, Shlomo Weber
• DP10639 - Downside Risk Timing by Mutual Funds
  Andriy Bodnaruk, Bekhan Chokaev, Andrei Simonov
• DP10638 - Media Coverage and Political Accountability: Theory and Evidence
  David
• DP10637 - From Micro to Macro: Demand, Supply, and Heterogeneity in the Trade Elasticity
  Maria Bas, Thierry Mayer, Mathias Thoenig
• DP10636 - Projection Equilibrium: Definition and Applications to Social Investment and Persuasion
  Kristóf Madarász
• DP10635 - Central Bank Balance Sheets: Expansion and Reduction since 1900
  Niall Ferguson, Andreas Schaab, Moritz Schularick
• DP10634 - Strategic Experimentation with Private Payoffs
  Paul Heidhues, Sven Rady, Philipp Strack
• DP10633 - The Term Structure of Returns: Facts and Theory
  Ralph Koijen, Jules H. van Binsbergen
• DP10632 - Does Product Familiarity Matter for Participation?
  Nicola , Michael Haliassos
• DP10631 - Teams, Organization and Education Outcomes: Evidence from a field experiment in Bangladesh
  Youjin Hahn, Asadul Islam, Eleonora Patacchini, Yves Zenou
• DP10630 - Leaving Home with a Partner
  Samuel Bentolila, Francisco Maeso, Ildefonso Mendez
• DP10629 - Financial Markets where Traders Neglect the Informational Content of Prices
  Erik Eyster, Matthew Rabin, Dimitri Vayanos
• DP10628 - Natural Experiments in Macroeconomics
  Nicola , Tarek Hassan
• DP10627 - Immigration, Trade and Productivity in Services: Evidence from U.K. Firms
  Gianmarco Ottaviano, Giovanni Peri, Greg C. Wright
• DP10626 - Trade in Tasks and the Organization of Firms
  Dalia Marin, Jan Schymik, Alexander Tarasov
• DP10625 - Choosing between Protectionism and Free Trade in an Uncertain World
  Peter Debaere, Toni Glaser, Gerald Willmann
• DP10624 - Networking, context and firm-level innovation: Cooperation through the regional filter in Norway
  Rune Dahl Fitjar, Andres Rodriguez-Pose
• DP10623 - Identifying Two Part Tariff Contracts with Buyer Power: Empirical Estimation on Food Retailing
  Bonnet, Pierre Dubois
• DP10622 - Education and Optimal Dynamic Taxation: The Role of Income-Contingent Student Loans
  Sebastian Findeisen, Dominik Sachs
• DP10621 - Learning about Job Search: A Field Experiment with Job Seekers in Germany
  Steffen Altmann, Armin Falk, Simon , Florian Zimmermann
• DP10620 - Culture and Global Sourcing
  Yuriy Gorodnichenko, Bohdan Kukharskyy, Roland
• DP10619 - The Demographic Transition and the Position of Women: A Marriage Market Perspective
  Venkataraman Bhaskar
• DP10618 - Dynamic Factor Models with Infinite-Dimensional Factor Space: Asymptotic Analysis
  Mario Forni, Marc Hallin, Marco Lippi, Paolo Zaffaroni
• DP10617 - Colonial Legacy, Polarization and Linguistic Disenfranchisement: The Case of the Sri Lankan War
  Paul , Victor Ginsburgh, Shlomo Weber
• DP10616 - Debt Bias in Corporate Income Taxation and the Costs of Banking Crises
  Sven Langedijk,Published May 2015
• DP10615 - Currency Unions and Trade: A Post-EMU Mea Culpa
  Reuven Glick, Andrew K Rose
• DP10614 - Runs versus Lemons: Information Disclosure and Fiscal Capacity
  Miguel Faria-e-CaPublished May 2015
• DP10613 - Human Development as Positive Freedom: Latin America in Historical Perspective
  Leandro Prados de la Escosura
• DP10612 - House Prices, Local Demand, and Retail Prices
  Johannes , Joseph Vavra
• DP10611 - From Commodity Booms to Economic Miracles: Why Southeast Asian Industry Lagged Behind
  Jean-Pascal Bassino, Jeffrey G Williamson
• DP10610 - Monetary, Fiscal and Oil Shocks: Evidence based on Mixed Frequency Structural FAVARs
  Massimiliano Marcellino, Vasja Sivec
• DP10609 - Self-Fulfilling Debt Crises: Can Monetary Policy Really Help?
  Philippe Bacchetta, Elena Perazzi, Eric van Wincoop
• DP10608 - Competition for advertisers and for viewers in media markets
  Simon P Anderson, Foros, Hans Jarle Kind
• DP10607 - Preference for Boys, Family Size, and Educational Attainment in India
  Adriana D. Kugler, Santosh Kumar
• DP10606 - VAT Notches
  Li Liu, Ben Lockwood
• DP10605 - Delegating Pricing Power to Customers: Pay What You Want or Name Your Own Price
  Florentin , Klaus M. Schmidt, Martin Spann, Lucas Stich
• DP10604 - Why Do Cities Matter? Local Growth and Aggregate Growth
  Chang-Tai Hsieh, Enrico Moretti
• DP10603 - Dodging the Taxman: Firm Misreporting and Limits to Tax Enforcement
  Paul Carrillo, Dina Pomeranz, Monica Singhal
• DP10602 - Intellectual Property Rights Protection and Trade
  Emmanuelle Auriol, Sara Biancini, Rodrigo Paillacar
• DP10601 - Expected Skewness and Momentum
  Heiko Jacobs, Tobias Regele, Martin Weber
• DP10600 - The Effect of State Taxes on the Geographical Location of Top Earners: Evidence from Star Scientists
  Enrico Moretti, Daniel J Wilson
• DP10599 - Outsourcing vs. Integration in the Mutual Fund Industry: An Incomplete Contracting Perspective
  Peter Debaere, Richard B. Evans
• DP10598 - Regional integration in Africa: Challenges and prospects
  Jaime de Melo, Yvonne Tsikata
• DP10597 - Identifying Gazelles: Expert Panels vs. Surveys as a Means to Identify Firms with Rapid Growth Potential
  Marcel Fafchamps, Christopher Woodruff
• DP10596 - Financial Risk and Unemployment
  Zvi Eckstein, Ofer Setty, David Weiss
• DP10595 - A Multivariate Model of Strategic Asset Allocation with Longevity Risk
  Emilio Bisetti, Carlo A. Favero, Giacomo Nocera, Claudio Tebaldi
• DP10594 - Non-Neutrality of Open-Market Operations
  Pierpaolo Benigno, Salvatore
• DP10593 - Retail Globalization and Household Welfare: Evidence from Mexico
  David Atkin, Benjamin Faber, Marco Gonzalez Navarro
• P10592 - Financial Flows and the International Monetary System
  Evgenia Passari, Rey
• DP10591 - Dilemma not Trilemma: The Global Financial Cycle and Monetary Policy Independence
  Rey
• DP10590 - Growth Econometrics for Agnostics and True Believers
  James Rockey, Jonathan Temple
• DP10589 - Politics in the Courtroom: Political Ideology and Jury Decision Making
  Shamena Anwar, Patrick Bayer, Randi Hjalmarsson
• DP10588 - Sovereign Debt and Structural Reforms
  Andreas , Kjetil Storesletten, Fabrizio Zilibotti
• DP10587 - Large Firm Dynamics and the Business Cycle
  Vasco M Carvalho, Basile Grassi
• DP10586 - Optimal Monetary and Fiscal Policy in an Economy with Inflation Persistence
  Paul Luk, David Vines
• DP10585 - Market Structure and Exchange Rate Pass-Through
  Raphael Auer, Raphael Schoenle
• DP10584 - Stimulus versus Austerity: The Asymmetric Government Spending Multiplier
  Barnichon, Christian Matthes
• DP10583 - Euro Area Government Bonds Integration and Fragmentation During the Sovereign Debt Crisis
  Michael Ehrmann, Marcel Fratzscher
• P10582 - Suspiciously Timed Trade Disputes
  Paola Conconi, David DeRemer, Georg Kirchsteiger, Lorenzo Trimarchi, Maurizio Zanardi
• DP10581 - Payment Evasion
  Stefan Buehler, Daniel Halbheer, Michael Lechner
• DP10580 - Optimal Monetary and Fiscal Policy in an Economy with Endogenous Public Debt
  Paul Luk, David Vines
• DP10579 - Asymmetric Sequential Search under Incomplete Information
  Yizhaq Minchuk, Aner Sela
• DP10578 - Agglomeration Economies, Taxable Rents, And Government Capture: Evidence From A Place-Based Policy
   Marius , Helen Simpson
• DP10577 - Effect of Regulatory Constraints on Fund Performance: New Evidence from UCITS Hedge Funds
  Juha , Robert Kosowski
• DP10576 - Penalty Structures and Deterrence in a Two-Stage Model: Experimental Evidence
  Lisa R. Anderson, Gregory DeAngelo, Winand Emons, Beth Freeborn, Hannes Lang
• DP10575 - The Missing Transfers: Estimating Mis-reporting in Dyadic Data
  Margherita Comola, Marcel Fafchamps
• DP10574 - Multi-product Offshoring
  Carsten Eckel, Michael Irlacher
• DP10573 - Decomposing U.S. Water Use Since 1950. Is the U.S. Experience Replicable?
  Peter Debaere, Amanda Kurzendoerfer
• DP10572 - The effect of audit regimes on applications for long-term care
  Maarten Lindeboom, Bas van der Klaauw, Sandra Vriend
• DP10571 - Trade Agreements and Enforcement: Evidence from WTO Dispute Settlement
  Chad P. Bown, Kara M. Reynolds
• DP10570 - How Did Japan Catch-Up On The West? A Sectoral Analysis Of Anglo-Japanese Productivity Differences, 1885-2000
  Stephen N Broadberry, Kyoji Fukao, Nick Zammit
• DP10569 - Japan And The Great Divergence, 725-1874
  Jean-Pascal Bassino, Stephen N Broadberry, Kyoji Fukao, Bishnupriya Gupta, Masanori Takashima
• DP10568 - Does Extending Unemployment Benefits Improve Job Quality?
  Arash Nekoei, Andrea Weber
• DP10567 - Unemployment and Inflation in Ireland: 1926-2012
  Stefan Gerlach, Reamonn Lydon, Rebecca Stuart
• DP10566 - Executive Compensation: A Modern Primer
  Alex Edmans, Xavier Gabaix
• DP10565 - Taxation and the International Mobility of Inventors
  Ufuk Akcigit, Baslandze, Stefanie Stantcheva

April 2015

• DP10564 - The Valuation Channel of International Adjustment
  Fabio Ghironi, Jaewoo Lee, Alessandro Rebucci
• DP10563 - Culture, Institutions and Democratization
  Yuriy Gorodnichenko, Roland
• DP10562 - Party Hacks and True Believers: The Effect of Party Affiliation on Political Preferences
  Eric D Gould, Esteban F Klor
• DP10561 - Aid and Growth at the Regional Level
  Axel Dreher, Steffen Lohmann
• DP10560 - Government Guarantees and Financial Stability
  Franklin Allen, Elena Carletti, Itay Goldstein, Agnese Leonello
• DP10559 - Monnet's Error?
  Luigi Guiso, Paola Sapienza, Luigi Zingales
• DP10558 -The Berlin Stock Exchange in Imperial Germany a Market for New Technology?
  Sibylle Lehmann, Jochen Streb
• DP10557 - Partial Insurance and Investments in Children
  Pedro Carneiro, Rita Ginja
• DP10556 - Mozart or Pel? The effects of teenagers participation in music and sports
  Charlotte Cabane, Adrian Hille, Michael Lechner
• DP10555 - Financial Frictions, Product Quality, and International Trade
  Rosario , Laura Ogliari
• DP10554 - Large Capital Inflows, Sectoral Allocation and Economic Performance
  Gianluca BenignoPublished April 2015
• DP10552 - Asia's Evolving Role in Global Wine Markets
  Kym Anderson, Glyn Wittwer
• DP10553 - Fiscal targets. A guide to forecasters?
  Joan Paredes-Lodeiro, Javier J , Gabriel
• DP10551 - Production Networks, Geography and Firm Performance
  Andrew B. Bernard, Andreas Moxnes, Yukiko U. Saito
• DP10550 - On the use of price-cost tests in loyalty discounts: Which implications from economic theory?
  Chiara Fumagalli, Massimo Motta
• DP10549 - Second-Best Carbon Taxation in the Global Economy: The Green Paradox and Carbon Leakage Revisited
  Frederick van der Ploeg
• DP10548 - Forbidden Fruits: The Political Economy of Science, Religion, and Growth
  Roland , Davide Ticc
• DP10547 - Shocks to Bank Lending, Risk-Taking, Securitization, and their Role for U.S. Business Cycle Fluctuations
  Gert Peersman
• DP10546 - An Empirical Equilibrium Model of a Decentralized Asset Market
  Alessandro Gavazza
• DP10545 - Demand Fluctuations, Capacity Constraints and Repeated Interaction: An Empirical Analysis of Service Quality Adjustments
  Olivier Chatain
• DP10544 - The Geography of Development: Evaluating Migration Restrictions and Coastal Flooding
  Klaus Desmet,
• DP10543 - Vog: Using Volcanic Eruptions to Estimate the Health Costs of Particulates and SO2
  De Paula, Timoth
• DP10542 - Dynastic Inequality, Mobility and Equality of Opportunity
  Ravi Kanbur, Joseph E Stiglitz
• DP10541 - Trust in the Monetary Authority
  Dirk Bursian, Ester Faia
• DP10540 - Bank Networks: Contagion, Systemic Risk and Prudential Policy
  Aldasoro, Dome
• DP10539 - Firm Leverage and Unemployment during the Great Recession
  Xavier Giroud, Holger M Mueller
• DP10538 - Personal Pensions with Risk sharing: Affordable, Adequate and Stable Private Pensions in Europe
  A Lans Bovenber
• DP10537 - Bank Credit Tightening, Debt Market Frictions and Corporate Yield Spreads
  Massimo Massa, Lei Zhang
• DP10536 - Fire Sales and Information Advantage: When Informed Investor Helps
  Massimo Massa, Lei Zhang
• DP10535 - Biased Shorts: Stock Market Implications of Short Sellers. Disposition Effect
  Massimo Massa, Bastian von Beschwitz
• DP10534 - First to Read the News: News Analytics and Institutional Trading
  Donald B Keim, Massimo Massa, Bastian von Beschwitz
• DP10533 - Insolvency After the 2005 Bankruptcy Reform
  Stefania Albanesi, Jaromir Nosal
• DP10532 - Heterogeneity in Wage Setting Behavior in a New-Keynesian Model
  Sylvester C W Eijffinger, Anderson Grajales, Rasim Burak Uras
• DP10531 - Deleverage and Financial Fragility
  Marco Maffezzoli, Tommaso Monacelli
• DP10530 - Weather shocks and English wheat yields, 1690-1871
  Liam Brunt
• DP10529 - The Impact of Financial Education for Youth in Ghana
  James Berry, Dean S. Karlan, Menno Pradhan
• DP10528 - Bubbles and Central Banks: Historical Perspectives
  Markus K Brunnermeier, Isabel Schnabel
• DP10527 - Decentralizing Education Resources: School Grants in Senegal
  Pedro Carneiro, Oswald , Nathalie Lahire, Costas Meghir, Corina Mommaerts
• DP10526 - Political Connections and Firm Value: Evidence from the Regression Discontinuity Design of Close Gubernatorial Elections
  Quoc-Anh Do, Yen-Teik Lee, Bang Dang Nguyen
• DP10525 - Learning to Take Risks? The Effect of Education on Risk-Taking in Financial Markets
  Sandra Black, Paul J. Devereux, Petter Lundborg, Kaveh Majlesi
• DP10524 - Do Fans Care about Compliance to Doping Regulations in Sports? The Impact of PED Suspension in Baseball
  Jeffrey Cisyk, Pascal Courty
• DP10523 - Loss Aversion and the Uniform Pricing Puzzle for Vertically Differentiated Products
  Pascal Courty, Javad Nasiry
• DP10522 - What Do We Really Know About Protection Before The Great Depression: Evidence From Italy
  Giovanni Federico, Michelangelo Vasta
• DP10521 - Access to Public Capital Markets and Employment Growth
  Alexander Borisov, Andrew Ellul, Merih Sevilir

March 2015

• DP10520 - Rare Events, Financial Crises, and the Cross-Section of Asset Returns
  Francesco Bianchi
• DP10519 - Coordination and the fight against tax havens
  Kai A. Konrad, Tim Stolper
• DP10518 - Religion and Innovation
  Roland , Davide Ticc
• DP10517 - Demand learning and firm dynamics: evidence from exporters
  Nicolas Berman, Vincent Rebeyrol, Vincent Vicard
• DP10516 - Academic Achievements: Grades versus Duration
  Agar Brugiavini, Carlo Carraro, Matija Kovacic
• DP10515 - Making Democracy Work: Culture, Social Capital and Elections in China
  Gerard , Nancy Qian,
• P10514 - So Closed: Political Selection in Proportional Systems
  Vincenzo Galasso, ToPublished March 2015
• P10513 - Comparing Inflation and Price Level Targeting: the Role of Forward Guidance and Transparency
  Seppo Honkapohja, Kaushik Mitra
• DP10512 - The Taxation of Foreign Profits: a Unified View
  Michael P. Devereux, Clemens Fuest, Ben Lockwood
• DP10511 - Credit, Financial Stability, and the Macroeconomy
  Alan M. Taylor
• DP10510 - Uncertainty Aversion and Systemic Risk
  David L. Dicks, Paolo Fulghieri
• DP10509 - Informality: Causes, Consequences and Policy Responses
  Ravi Kanbur
• DP10508 - How Useful is Inequality of Opportunity as a Policy Construct?
  Ravi Kanbur, Adam Wagstaff
• DP10507 - The Returns to Hedge Fund Activism: An International Study
  Marco Becht, Julian R Franks, Jeremy Grant, Hannes Wagner
• DP10506 - Does Mandatory Shareholder Voting Prevent Bad Acquisitions?
  Marco Becht, Andrea Polo, Stefano Rossi
• DP10505 -Insecure Debt
  Rafael Matta, Enrico C Perotti
• DP10504 - The Role of Prepayment Penalties in Mortgage Loans
  Andrea E Beltratti, Matteo Benetton, Alessandro Gavazza
• DP10503 - Why Are Indian Children So Short?
  Seema Jayachandran, Rohini Pande
• DP10502 - Cheap but flighty: how global imbalances create financial fragility
  Toni Ahnert, Enrico C Perotti
• DP10501 - Urban Social Structure, Social Capital and Spatial Proximity
  Eleonora Patacchini, Pierre M Picard, Yves Zenou
• DP10500 - Corporate Efficiency in Europe
  Jan Hanousek, Evzen Kocenda, Anastasiya Shamshur
• DP10499 - Bribery Environment and Firm Performance: Evidence from Central and Eastern European Countries
  Jan Hanousek, Anna Kochanova
• DP10498 - Input Diffusion and the Evolution of Production Networks
  Vasco M Carvalho, Nico
• DP10497 - Rumors and Runs in Opaque Markets: Evidence from the Panic of 1907
  Caroline Fohlin, Thomas Gehrig, Marlene Haas
• DP10496 - Correlating Social Mobility and Economic Outcomes
  Maia , Michele PellizPublished March 2015
• DP10495 - What are the macroeconomic effects of asset purchases?
  Martin Weale, Tomasz Wieladek
• DP10494 - The Impacts of Urban Public Transportation: Evidence from the Paris Region
  Thierry Mayer, Corentin Trevien
• DP10493 - Treasure Hunt: Social Learning in the Field
  Markus Mobius, Tuan Phan, Adam Szeidl
• DP10492 - Growth and Human Capital: A Network Approach
  Tiago Cavalcanti, Chryssi Giannitsarou
• P10491 - Gender and Dynamic Agency: Theory and Evidence on the Compensation of Top Executives
  Stefania Albanesi, ClaPublished March 2015
• DP10490 - Long-term Relationships: Static Gains and Dynamic Inefficiencies
  David Hemous, Morten OPublished March 2015
• DP10489 - The Fundamental Surplus in Matching Models
  Lars Ljungqvist, Thomas J Sargent
• DP10488 - Cutting out the Middleman: Crowdinvesting, Efficiency, and Inequality
  Hans Peter , ChristopPublished March 2015
• DP10487 - Consumer Search and Prices in the Automobile Market
  Zsolt , Matthijs Wildenbeest
• DP10486 - Reserve Price Effects in Auctions: Estimates from Multiple RD Designs
  Syngjoo Choi, Lars NPublished March 2015
• DP10485 -Bank and Sovereign Risk Interdependence in the Euro Area
  Tryphon Kollintzas, Konstantinos Tsoukalas
• DP10484 - What Do We Know about Microfinance at Macro Glance?
  Nargiza Alimukhamedova, Jan Hanousek
• DP10483 - Measuring the Shadow Economy: Endogenous Switching Regression with Unobserved Separation
  Randall K Filer, Jan Hanousek, Lichard
• DP10482 - How Much Science? The 5 Ws (and 1 H) of Investing in Basic Research
  Hans Gersbach, Ulrich Schetter, Maik Schneider
• DP10481 - Multicandidate Elections: Aggregate Uncertainty in the Laboratory
  Laurent Bouton, Micael Castanheira, Aniol Llorente-Saguer
• DP10480 - Securities Trading by Banks and Credit Supply: Micro-Evidence
  Puriya Abbassi, Rajkamal Iyer, , Francesc R. Tous
• DP10479 - Cross-Border Liquidity, Relationships and Monetary Policy: Evidence from the Euro Area Interbank Crisis
  Puriya Abbassi, Falk , Falko Fecht,
• DP10478 - Trade, Wages, and Collective Bargaining: Evidence from France
  Juan Carluccio, Denis , Erwan Gautier
• DP10477 - Robots at Work
  Georg Graetz, Guy Michaels
• DP10476 - Forced Asset Sales and the Concentration of Outstanding Debt: Evidence from the Mortgage Market
  Giovanni Favara, Mariassunta Giannetti
• DP10475 - Globalization: A Woman's Best Friend? Exporters and the Gender Wage Gap
  Esther Ann , Beata Javorcik, Karen-Helene Ulltveit-Moe
• DP10474 - Vaccines vs. Preventives
  Michael Kremer, Christopher Snyder
• DP10473 - Asymmetric Information and Imperfect Competition in Lending Markets
  Gregory S Crawford, Nicola Pavanini, Fabiano Schivardi
• DP10472 - Investing in Low-Trust Countries: Trust in the Global Mutual Fund Industry
  Massimo Massa, Chengwei Wang, Hong Zhang, Jian Zhang
• DP10471 - Short Selling Meets Hedge Fund 13F: An Anatomy of Informed Demand
  Yawen Jiao, Massimo Massa, Hong Zhang
• DP10470 - Guru Dreams and Competition: An Anatomy of the Economics of Blogs
  Yi Dong, Massimo Massa, Hong Zhang
• DP10469 - International Debt Deleveraging
  Luca Fornaro
• DP10468 - Trickle-Down Consumption
  Marianne Bertrand, Adair Morse
• DP10467 - Breaking the Glass Ceiling
  Marianne Bertrand, Sandra Black, Sissel Jensen, Adriana Lleras-Muney
• DP10466 - Deliberating Collective Decisions
  Jimmy Chan, Alessandro Lizzeri, Wing Suen, Leeat Yariv
• DP10465 - Subcontracting in International Asset Management: New Evidence on Market Integration
  Massimo Massa, David Schumacher
• DP10464 - Personalized Pricing and Advertising: An Asymmetric Equilibrium Analysis
  Simon P Anderson, Alicia Baik, Nathan Larson
• DP10463 - Quantifying Confidence
  George-Marios Angeletos, Fabrice Collard, Harris Dellas
• DP10462 - Changing Credit Limits, Changing Business Cycles
  Henrik Jensen, Ravn, Emiliano Santoro
• DP10461 - Fast ML estimation of dynamic bifactor models: an application to European inflation
  Gabriele Fiorentini, Alessandro Galesi, Enrique Sentana
• DP10460 - Consumers' Activism: the Facebook boycott of Cottage Cheese
  Igal E Hendel, Saul Lach, Yossi Spiegel
• DP10459 - Sovereign Debt, Bail-Outs and Contagion in a Monetary Union
  Sylvester C W Eijffinger, Michal L. Kobielarz, Rasim Burak Uras
• DP10458 - Collective Self Control
  Alessandro Lizzeri, Leeat Yariv
• DP10457 - Consistency in Simple vs. Complex Choices over the Life Cycle
  Isabelle Brocas, Juan D Carrillo, T. Dalton Combs, Niree Kodaverdian
• DP10456 - Asymmetric Price Effects of Competition
  Saul Lach
• DP10455 - Natural Experiment Policy Evaluation: A Critique
  Christopher Hennessy, Ilya Strebulaev
• DP10454 - How Modern Dictators Survive: Cooptation, Censorship, Propaganda, and Repression
  Sergei Guriev, Daniel Treisman
• DP10453 - Wealth and Volatility
  Jonathan Heathcote, Fabrizio Perri
• DP10452 - A Dynamic North-South Model of Demand-Induced Product Cycles
  Reto Foellmi, Sandra Hanslin, Andreas Kohler
• DP10451 - Culture, Ethnicity and Diversity
  Klaus Desmet, Ignacio , Romain Wacziarg
• DP10450 - Is Historical Cost Accounting a Panacea? Market Stress, Incentive Distortions, and Gains Trading
  Andrew Ellul, Chotibhak Jotikasthira, Christian T Lundblad, Yihui Wang
• DP10449 - Regression Based Estimation of Dynamic Asset Pricing Models
  Tobias Adrian, Richard K. Crump, Emanuel Moench
• DP10448 - Are LPs Funds of Funds? Relationship Building in the Private Equity Industry
  Massimo Massa, Hong Zhang, Xiaolan Zhou
• DP10447 - Short-Sale Constraints and the Pricing of Managerial Skills
  Si Cheng, Massimo Massa, Hong Zhang
• DP10446 - Insider Trading in the Bond Market: Evidence from Loan Sale Events
  Massimo Massa, Daniel Schmidt
• DP10445 - The New Lyrics of the Old Folks: The Role of Family Ownership in Corporate Innovation
  Po-Hsuan Hsu, Sterling Huang, Massimo Massa, Hong Zhang
• DP10444 - Volatility-related exchange traded assets: an econometric investigation
  Javier , Enrique Sentana
• DP10443 - Gender Identity and Relative Income Within Households
  Marianne Bertrand, Emir Kamenica, Jessica Pan

February 2015

• DP10442 - Hawks and Doves at the FOMC
  Sylvester C W Eijffinger, Ronald J Mahieu, Louis Raes
• DP10441 - Hoard Behavior During Commodity Bubbles
  De Paula, Harrison G Hong, Vishal Singh
• DP10440 - Optimal Mechanisms for the Control of Fiscal Deficits
  Hans Peter
• DP10439 - Taking Banks to Solow
  Hans Gersbach, Jean-Charles Rochet, Martin Scheffel
• DP10438 - The quality-assuring role of mutual fund advisory fees
  Michel Antoine Habib, D. Bruce Johnsen
• DP10437 - Where Experience Matters: Asset Allocation and Asset Pricing with Opaque and Illiquid Assets
  Adrian Buss, Raman Uppal, Grigory Vilkov
• DP10436 - The Dynamics of Financially Constrained Arbitrage
  Denis Gromb, Dimitri Vayanos
• DP10435 - Financial Stability Policies for Shadow Banking
  Tobias Adrian
• DP10434 - Technology and the Changing Family: A Unified Model of Marriage, Divorce, Educational Attainment and Married Female Labor-Force Participation
  Jeremy Greenwood, Nezih Guner, Georgi Kocharkov, Cezar Santos
• DP10433 - Social background, education and inequality
  Torben M Andersen
• DP10432 - Multifaceted Transactions, Incentives, and Organizational Form
  Michel Antoine Habib
• DP10431 - The Catch-22 of External Validity in the Context of Constraints to Firm Growth
  Greg Fischer, Dean S. Karlan
• DP10430 - Anticipation, Tax Avoidance, and the Price Elasticity of Gasoline Demand
  John Coglianese, Lucas W Davis, Lutz Kilian, James H Stock
• DP10429 - The Welfare State and Migration: A Dynamic Analysis of Political Coalitions
  Assaf Razin, Efraim Sadka, Benjarong Suwankiri

• DP10428 - GLM estimation of trade gravity models with fixed effects
  Peter Egger, Kevin E Staub
• DP10427 - Structural Gravity with Dummies Only
  Peter Egger, Sergey Nigai
• DP10426 - Media and Politics
  David
• DP10425 - Does austerity pay off?
  Benjamin Born, Gernot , Johannes Pfeifer
• DP10424 - Corporate Culture, Societal Culture, and Institutions
  Luigi Guiso, Paola Sapienza, Luigi Zingales
• DP10423 - State Capitalism vs. Private Enterprise
  Donghua Chen, Dequan Jiang, Alexander P. Ljungqvist, Haitian Lu, Mingming Zhou
• DP10422 - Politics and investment: examining the territorial allocation of public investment in Greece
  Yannis Psycharis, Andres Rodriguez-Pose, Vassilis Tselios
• DP10421 - Venture Capital and Knowledge Transfer
  Roberta , Nina Yin
• DP10420 - Corporate policies with permanent and temporary shocks
  Jean Paul , Sebastian Gryglewicz, Erwan Morellec, Villeneuve
• DP10419 - Forecasting Inflation using Survey Expectations and Target Inflation: Evidence for Brazil and Turkey
  Sumru G. Altug, Cem Cakmakli
• DP10418 - Capital Taxation under Political Constraints
  Florian Scheuer, Alexander Wolitzky
• DP10417 - A spectral EM algorithm for dynamic factor models
  Gabriele Fiorentini, Alessandro Galesi, Enrique Sentana
• DP10416 - Risk and Returns to Education Over Time
  Jeffrey Brown, Chichun Fang, Francisco J Gomes
• DP10415 - Crime Scars: Recessions and the Making of Career Criminals
  Brian Bell, Anna Bindler, Steve Machin
• DP10414 - Unshrouding Effects on Demand for a Costly Add-on: Evidence from Bank Overdrafts in Turkey
  Sule Alan, Mehmet Cemalcilar, Dean S. Karlan, Jonathan Zinman
• DP10413 - Reforms, Finance, and Current Accounts
  Giuseppe Bertola, Anna Lo Prete
• DP10412 - The Cost of Binge Drinking
  Marco Francesconi, Jonathan James
• DP10411 - Industry location and wages: The role of market size and accessibility in trading networks
  Javier Barbero, Kristian Behrens, Jose L. Zofio
• DP10410 - Empirical Games of Market Entry and Spatial Competition in Retail Industries
  Victor Aguirregabiria, Junichi Suzuki
• DP10409 - Designing a Simple Loss Function for the Fed: Does the Dual Mandate Make Sense?
  Davide Debortoli, Jinill Kim, Jesper , Ricardo Nunes
• DP10408 - Get Rid of Unanimity: The Superiority of Majority Rule with Veto Power
  Laurent Bouton, Aniol Llorente-Saguer, Malherbe
• DP10407 - Intergovernmental Grants as Signals and the Alignment Effect: Theory and Evidence
  Emanuele Bracco, Ben Lockwood, Francesco Porcelli, Michela Redoano
• DP10406 - The Economic Consequences of Social Network Structure
  Matthew O. Jackson, Brian Rogers, Yves Zenou
• DP10405 - Does polarization of opinions lead to polarization of platforms? the case of correlation neglect
  Gilat Levy, Ronny Razin
• DP10404 - Understanding the Decline in the Price of Oil since June 2014
  Christiane Baumeister, Lutz Kilian
• DP10403 - Partner Choice and the Marital College Premium: Analyzing Marital Patterns Over Several Decades
  Chiappori, Bernard , Yoram Weiss
• DP10402 - Global Sunspots and Asset Prices in a Monetary Economy
  Roger E A Farmer
• DP10401 - Unequal Bequests
  Marco Francesconi, Robert A. Pollak, Domenico Tabasso
• DP10400 - Ambiguity, Disagreement, and Allocation of Control in Firms
  David L Dicks, Paolo Fulghieri
• DP10399 - Social Capital, Trust, and Firm Performance during the Financial Crisis
  Karl Lins, Henri Servaes, Ane Tamayo
• DP10398 - Economic Effects of the Abolition of Serfdom: Evidence from the Russian Empire
  Andrei Markevich, Ekaterina Zhuravskaya
• DP10397 - The Limits of Career Concerns in Federalism: Evidence from China
  Petra Persson, Ekaterina Zhuravskaya
• DP10396 - The International Transmission of Credit Bubbles: Theory and Policy
  Alberto Martin, Jaume Ventura
• DP10395 - Why organizations fail: models and cases
  Luis Garicano, Luis
• DP10394 - Segregation in Education and Labour Market Discrimination: The Role of Peer Beliefs
  Gilat Levy, Ronny Raz
• DP10393    Premature Deindustrialization
  Dani RodrikPublished February 2015
• DP10392 - Stock Market Returns, Corporate Governance and Capital Market Equilibrium
  Bruno Parigi, Loriana Pelizzon, Ernst-Ludwig von Thadden
• DP10391 - Innovation and Trade in the Presence of Credit Constraints
  Reto Foellmi, Stefan Legge, Alexa Tiemann
• DP10390 - Factor based identification-robust inference in IV regressions
  George Kapetanios, Lynda Khalaf, Massimiliano Marcellino
• DP10389 - Learning to open up: Capital account liberalizations in the post-Bretton Woods era
  Zorobabel T. Bicaba, Fabrizio Coricelli
• DP10388 - Was the Classical Gold Standard Credible on the Periphery? Evidence from Currency Risk
  Kris Mitchener, Marc Weidenmier
• DP10387 - Optimal capital requirements over the business and financial cycles
  Malherbe
• DP10386 - The Social Cost of Air Traffic Delays
  Etienne de Villemeur, Marc Ivaldi, Emile Quinet, Miguel Urdanoz
• DP10385 - A Welfare Assessment of Revenue Management Systems
  Nicolas Dupuis, Marc Ivaldi, Pouyet
• DP10384 - Air Ticket Sales as Bids from Airline Alliances
  Marc Ivaldi, Milena Petrova, Miguel Urdanoz
• DP10383 - Time Inconsistent Preferences and the Annuitization Decision
  Philipp Schreiber, Martin Weber
• DP10382 - Small sample performance of indirect inference on DSGE models
  Vo Phuong Mai Le, David Meenagh, Patrick Minford, Michael R. Wickens
• DP10381 - Health provider networks, quality and costs
  Jan Boone, Christoph
• DP10380 - Optimal Income Taxation: Mirrlees Meets Ramsey
  Jonathan Heathcote, Hitoshi Tsujiyama
• DP10379 - Managing the Family Firm: Evidence from CEOs at Work
  Oriana Bandiera, Andrea Prat, Raffaella Sadun
• DP10378 - Bank Capital, Liquid Reserves, and Insolvency Risk
  Julien Hugonnier, Erwan Morellec
• DP10377 - Second-price common value auctions with uncertainty, private and public information: experimental evidence
  Isabelle Brocas, Juan D Carrillo, Manuel Castro
• DP10376 - The Great Recession was not so Great
  Jan C van Ours

January 2015

• DP10375 - Mansion tax: The Effect of Transfer Taxes on the Residential Real Estate Market
  Wojciech Kopczuk, David Munroe
• DP10374 - Volatility and Political Institutions: Theory and Application to Economic Growth
  Timothy J. Besley, Hannes Felix Mueller
• DP10373 - Institutions, Volatility and Investment
  Timothy J. Besley, Hannes Felix Mueller
• DP10372 - Norms, Enforcement, and Tax Evasion
  Timothy J. Besley, Anders Jensen, Torsten Persson
• DP10371 - The Economics of Temporary Migrations
  Christian Dustmann, Joseph-Simon
• DP10370 - Monetary policy, bank bailouts and the sovereign-bank risk nexus in the euro area
  Marcel Fratzscher, Malte Rieth
• DP10369 - Life-Cycle Portfolio choice with Liquid and Illiquid Assets
  Claudio Campanale, Carolina Fugazza, Francisco J Gomes
• DP10368 - What Do We Know About Evolution of Top Wealth Shares in the United States?
  Wojciech Kopczuk
• DP10367 - Taking the Lord's Name in Vain: The Impact of Connected Directors on 19th century British Banks
  Richard Grossman, Masami Imai
• DP10366 - Mark-up and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan
  David Atkin, Azam Chaudhry, Shamyla Chaudry, Amit Khandelwal, Eric A Verhoogen
• DP10365 - Wage Inequality and Firm Growth
  Holger M Mueller, Paige Ouimet, Elena Simintzi
• DP10364 - Tips and Tells from Managers: How Analysts and the Market Read Between the Lines of Conference Calls
  Marina Druz, Alexander F Wagner, Richard Zeckhauser
• DP10363 - A Quantitative Analysis of the Retail Market for Illicit Drugs
  Manolis Galenianos, Alessandro Gavazza
• DP10362 - Inside the Crystal Ball: New Approaches to Predicting the Gasoline Price at the Pump
  Christiane Baumeister, Lutz Kilian, Thomas K Lee
• DP10361 - Fighting the Last War: Economists on the Lender of Last Resort
  Richard Grossman, Hugh T Rockoff
• DP10360 - Capital and Labor Reallocation within Firms
  Xavier Giroud, Holger M Mueller
• DP10359 - A Model of Market and Political Power Interactions for Southern Europe
  Tryphon Kollintzas, Dimitris Papageorgiou, Vanghelis Vassilatos
• DP10358 - Credit Supply and the Housing Boom
  Alejandro Justiniano, Giorgio E Primiceri, Andrea Tambalotti
• DP10357 - On the Global Supply of Basic Research
  Hans Gersbach, Maik Schneider
• DP10356 - The world is not yet flat: Transport costs matter!
  Kristian Behrens, Bougna, W. Mark Brown
• DP10355 - Gender Gaps in Completed Fertility
  Erica Field, Vera Molitor, Tertilt
• DP10354 - Effect of Income on Trust: Evidence from the 2009 Crisis in Russia
  Maxim Ananyev, Sergei Guriev
• DP10353 - Fiscal Multipliers in Recessions
  Matthew B Canzoneri, Fabrice Collard, Harris Dellas, Behzad Diba
• DP10352 - Optimal Spatial Taxation: Are Big Cities too Small?
  Jan Eeckhout, Nezih Guner
• DP10351 - Long-run bulls and bears
  Rui Albuquerque, Martin Eichenbaum, Dimitris Papanikolaou, Rebelo
• DP10350 - Does Finance Benefit Society?
  Luigi Zingales
• DP10349 - US Banks, Behavior since Lehman's Collapse, Bailout Uncertainty and the Timing of Exit Strategies
  Alex Cukierman
• DP10348 - Networks in Conflict: Theory and Evidence from the Great War of Africa
  Michael , Dominic Rohner, Mathias Thoenig, Fabrizio Zilibotti
• DP10347 - Austerity in 2009-2013
  Alberto F Alesina, Omar Barbiero, Carlo A. Favero, Francesco Giavazzi, Matteo Paradisi
• DP10346 - Moving House
  Liwa Rachel Ngai, Kevin D. Sheedy
• DP10345 - Spillovers of Prosocial Motivation: Evidence from an Intervention Study on Blood Donors
  Adrian Bruhin, Lorenz , Simon Haenni, Lingqing Jiang
• DP10344 - Exchange Rate Pass-Through, Domestic Competition, and Inflation: Evidence from the 2005/08 Revaluation of the Renminbi
  Raphael Auer
• DP10343 - Optimal Patronage
  Mikhail Drugov
• DP10342 - Buying First or Selling First in Housing Markets
  Espen R Moen, Plamen T. Nenov, Florian Sniekers
• DP10341 - The Tower of Babel in the Classroom: Immigrants and Natives in Italian Schools
  Rosario Maria Ballatore, Margherita Fort, Andrea Ichino
• DP10340 - Sequential Auctions with Capacity Constraints: an Experimental Investigation
  Isabelle Brocas, Juan D Carrillo, F. Javier Otamendi
• DP10339 - International Credit Flows and Pecuniary Externalities
  Markus K Brunnermeier, Yuliy Sannikov
• DP10338 - Education, HIV, and Early Fertility: Experimental Evidence from Kenya
  Esther Duflo, Pascaline Dupas, Michael Kremer
• DP10337 - College Diversity and Investment Incentives
  Thomas Gall, Patrick Legros, Andrew Newman
• DP10336 - Origins of Stock Market Fluctuations
  Daniel L. Greenwald, Martin Lettau, Sydney Ludvigson
• DP10335 - Capital Share Risk and Shareholder Heterogeneity in U.S. Stock Pricing
  Martin Lettau, Sydney Ludvigson, Sai Ma
• DP10334 - Rare Disasters and Exchange Rates
  Emmanuel Farhi, Xavier Gabaix
• DP10333 - A Colonial Legacy of African Gender Inequality? Evidence from Christian Kampala, 1895-2011
  Felix Meier zu Selhausen, Jacob Weisdorf
• DP10332 - Risk Aversion in a Dynamic Asset Allocation Experiment
  Isabelle Brocas, Juan D Carrillo, Aleksandar Giga, Fernando Zapatero
• DP10331 - China's Decentralized Privatization and Change of Control Rights
  Jie Gan, Yan Guo, Cheng-Gang Xu
• DP10330 - Limited Nominal Indexation of Optimal Financial Contracts
  Meh, Vincenzo Quadrini, Yaz Terajima
• DP10329 - Advertising and Mutual Funds: From Families to Individual Funds
  Steven Gallaher, Ron Kaniel, Laura T Starks
• DP10328 - Asset Return Predictability in a Heterogeneous Agent Equilibrium Model
  Murray Carlson, David A. Chapman, Ron Kaniel, Hong Yan
• DP10326 - Do Measures of Financial Constraints Measure Financial Constraints?
  Joan Farre-Mensa, Alexander P. Ljungqvist
• DP10325 - International Currency Exposures, Valuation Effects and the Global Financial Crisis
  Philip R. Lane, Jay C Shambaugh