CEPR - Discussion papers

December 2016

• DP11735 - Consumer spending and fiscal consolidation: evidence from a housing tax experiment
  Paolo Surico, Riccardo Trezzi
• DP11734 - Rich Pickings? Risk, Return, and Skill in the Portfolios of the Wealthy
  Laurent Bach, Laurent E Calvet, Paolo Sodini
• DP11733 - The Globalization Risk Premium
  Jean-Noël Barrot, Erik Loualiche, Julien Sauvagnat
• DP11732 - High Frequency Trading and Fragility
  Giovanni Cespa, Xavier Vives
• DP11731 - Market Power and Welfare in Asymmetric Divisible Good Auctions
  Carolina Manzano, Xavier Vives
• DP11730 - The Term Structure and Inflation Uncertainty
  Tomas Breach, Stefania D'Amico, Athanasios Orphanides
• DP11729 - A Behavioral New Keynesian Model
  Xavier Gabaix
• DP11728 - The Aggregate Implications of Gender and Marriage
  Margherita Borella, Mariacristina De Nardi, Fang Yang
• DP11727 - Credit constraints, endogenous innovations, and price setting in international trade
  Carsten Eckel, Florian Unger
• DP11726 - Impulse Response Estimation By Smooth Local Projections
  Régis Barnichon, Christian Brownlees
• DP11725 - Discrete Adjustment to a Changing Environment: Experimental Evidence
  Mel Win Khaw, Luminita Stevens, Michael Woodford
• DP11724 - Do women respond less to performance pay? Building evidence from multiple experiments
  Oriana Bandiera, Greg Fischer, Andrea Prat, Erina Ytsma
• DP11723 - Firm pricing with consumer search
  Simon P Anderson, Régis Renault
• DP11722 - Tariff Scares: Trade policy uncertainty and foreign market entry by Chinese firms
  Meredith A Crowley, Ning Meng, Huasheng Song
• DP11721 - The Gains from Input Trade with Heterogeneous Importers
  Joaquin Blaum, Claire Lelarge, Michael Peters
• DP11720 - W. Arthur Lewis and the Roots of Ghanaian Economic Policy
  Ravi Kanbur
• DP11719 - Intra-Household Inequality and Overall Inequality
  Ravi Kanbur
• DP11718 - Do anti-poverty programs sway voters? Experimental evidence from Uganda
  Christopher Blattman, Mathilde Emeriau, Nathan Fiala
• DP11717 - Interfirm Relationships and Business Performance
  Jing Cai, Adam Szeidl
• DP11716 - Gender Differences in Academic Performance: The Role of Negative Marking in Multiple-Choice Exams
  Patricia Funk, Helena Perrone
• DP11715 - How do entrepreneurial bosses influence their employees' future entrepreneurship choices?
  Vera Rocha, Mirjam van Praag
• DP11714 - The Output-Inflation Trade-Off in Switzerland, 1916 -2015
  Stefan Gerlach
• DP11713 - The Political Economy of Weak Treaties
  Marco Battaglini, Bard Harstad
• DP11712 - How Large Are the Gains from Economic Integration? Theory and Evidence from U.S. Agriculture, 1880-1997
  Arnaud Costinot, Dave Donaldson
• DP11711 - Supply Chain Disruptions: Evidence from the Great East Japan Earthquake
  Vasco M Carvalho, Makoto Nirei, Yukiko U. Saito, Alireza Tahbaz-Salehi
• DP11710 - Waiting for a haircut? A bargaining perspective on sovereign debt restructuring
  Sayantan Ghosal, Marcus Miller, Kannika Thampanishvong
• DP11709 - Countering Public Opposition to Immigration: The Impact of Information Campaigns
  Giovanni Facchini, Yotam Margalit, Hiroyuki Nakata
• DP11708 - Design of Public Procurement Auctions: Evidence from Cleaning Contracts
  Ari Hyytinen, Sofia Lundberg, Otto Toivanen
• DP11707 - Back to Basics: Basic Research Spillovers, Innovation Policy and Growth
  Ufuk Akcigit, Douglas Hanley, Nicolas Serrano-Velarde
• DP11706 - The Diffusion of Knowledge via Managers' Mobility
  Giordano Mion, Luca David Opromolla, Alessandro Sforza
• DP11705 - Cognitive Skills, Noncognitive Skills, and School-to-Work Transitions in Rural China
  Paul Glewwe, Qiuqiong Huang, Albert Park
• DP11704 - Promotion Incentives in the Public Sector: Evidence from Chinese Schools
  Naureen Karachiwalla, Albert Park
• DP11703 - Vertical Mergers in Platform Markets
  Jérôme Pouyet, Thomas Trégouët
• DP11702 - Atmospheric Pollution and Child Health in Late Nineteenth Century Britain
  Roy E Bailey, Timothy J. Hatton, Kris Inwood
• DP11701 - Globalization and Wage Inequality
  Elhanan Helpman
• DP11700 - Invoicing Currency and Financial Hedging
  Victor Lyonnet, Julien Martin, Isabelle Mejean
• DP11699 - The Effects of Creditor Rights and Bank Information Sharing on Borrower Behavior: Theory and Evidence
  John H. Boyd, Hendrik Hakenes, Amanda Rae Heitz
• DP11698 - Persuasion: A Case Study of Papal Influences on Fertility-Related Beliefs and Behavior
  Vittorio Bassi, Imran Rasul
• DP11697 - Trust the Police? Self-Selection of Motivated Agents into the German Police Force
  Guido Friebel, Michael Kosfeld, Gerd Thielmann
• DP11696 - Macroeconomic Fluctuations with HANK & SAM: An Analytical Approach
  Morten O Ravn, Vincent Sterk
• DP11695 - CATs and DOGs
  Carsten Eckel, Raymond Riezman
• DP11694 - Services Policy Reform and Manufacturing Employment: Evidence from Transition Economies
  Matteo Fiorini, Bernard Hoekman, Clément Malgouyres
• DP11693 - Relative Performance, Banker Compensation, and Systemic Risk
  Rui Albuquerque, Luis Cabral, Jose Guedes
• DP11692 - Multiproduct Pricing Made Simple
  Mark Armstrong, John Vickers
• DP11691 - QE: the story so far
  Andrew Haldane, Matt Roberts-Sklar, Tomasz Wieladek, Chris Young
• DP11690 - Market Fragmentation, Dissimulation, and the Disclosure of Insider Trades
  Giovanni Cespa, Paolo Colla
• DP11689 - Modelling Portfolio Capital Flows in a Global Framework: MultilateralImplications of Capital Controls
  Gianna Boero, Zeyyad Mandalinci, Mark P Taylor
• DP11688 - Screening for Patent Quality: Examination, Fees and the Courts
  Mark Schankerman, Florian Schuett
• DP11687 - The Origin and Dynamics of Export Superstars
  Caroline Freund, Denisse Pierola
• DP11686 - Can Black Gold Shine? The Effect of Oil Prices on Nighttime Light in Brazil
  Mark Gradstein, Marc P B Klemp
• DP11685 - Performance in Mixed-sex and Single-sex Tournaments: What We Can Learn from Speedboat Races in Japan
  Alison L Booth, Eiji Yama
• DP11684 - Benefiting from Disaster?: Public and Private Responses to the Wenchuan Earthquake
  Albert Park, Sangui Wang
• DP11683 - The Geography of Linguistic Diversity and the Provision of Public Goods
  Klaus Desmet, Joseph Gomes, Ignacio Ortuño-Ortín
• DP11682 - Optimal Taxation and R&D Policies
  Ufuk Akcigit, Douglas Hanley, Stefanie Stantcheva
• DP11681 - Habits and Leverage
  Tano Santos, Pietro Veronesi
• DP11680 - Inter-Enterprise Credit and Adjustment During Financial Crises: The Role of Firm Size
  Fabrizio Coricelli, Marco Frigerio
• DP11679 - "High & Dry": The Liquidity and Credit of Colonial and Foreign Government Debt and the London Stock Exchange (1880-1910)
  Matthieu Chavaz, Marc Flandreau
• DP11678 - Divergent Risk-Attitudes and Endogenous Collateral Constraints
  Giuliano Curatola, Ester Faia
• DP11677 - Financial Shocks and Job Flows
  Neil Mehrotra, Dmitriy Sergeyev
• DP11676 - Can Urban Renewal Policies Reverse Neighborhood Ethnic Dynamics?
  Nicolás González-Pampillón, Jordi Jofre-Monseny, Elisabet Viladecans-Marsal
• DP11675 - Demand Estimation with Unobserved Choice Set Heterogeneity
  Gregory S. Crawford, Rachel Griffith, Alessandro Iaria

November 2016

• DP11674 - The Systematic Component of Monetary Policy in SVARs: An Agnostic Identi
  Jonas Arias, Dario Caldara, Juan Francisco Rubio-Ramírez
• DP11673 - Investment-less Growth: An Empirical Investigation
  German Gutierrez, Thomas Philippon
• DP11672 - Effects of Labor Reallocation on Productivity and Inequality -- Insights from Studies on Transition
  Jan Svejnar, Joanna Tyrowicz, Lucas van der Velde
• DP11671 - Accounting for Business Income in Measuring Top Income Shares: Integrated Accrual Approach Using Individual and Firm Data from Norway
  Annette Alstadsaeter, Martin Jacob, Wojciech Kopczuk, Kjetil Telle
• DP11670 - Melting Ice Caps and the Economic Impact of Opening the Northern Sea Route
  Eddy Bekkers, Joseph Francois, Hugo Rojas-Romagosa
• DP11669 - The Production Function for Housing: Evidence from France
  Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon
• DP11668 - Bounds on Treatment Effects in Regression Discontinuity Designs under Manipulation of the Running Variable, with an Application to Unemployment Insurance in Brazil
  Francois Gerard, Miikka Rokkanen, Christoph Rothe
• DP11667 - Counting Rotten Apples: Student Achievement and Score Manipulation in Italian Elementary Schools
  Erich Battistin, Michele De Nadai, Daniela Vuri
• DP11666 - In a Small Moment: Class Size and Moral Hazard in the Italian Mezzogiorno
  Joshua Angrist, Erich Battistin, Daniela Vuri
• DP11665 - Drugs, Showrooms and Financial Products: Competition and Regulation when Sellers Provide Expert Advice
  David Bardey, Denis Gromb, David Martimort, Jérôme Pouyet
• DP11664 - Foreign Competition and Domestic Innovation: Evidence from U.S. Patents
  David Autor, David Dorn, Gordon Hanson, Gary Pisano, Pian Shu
• DP11663 - Collateral, Central Bank Repos, and Systemic Arbitrage
  Falko Fecht, Kjell G Nyborg, Jorg Rocholl, Jiri Woschitz
• DP11662 - Does federal contracting spur development? Federal contracts, income, output, and jobs in US cities
  Michiel Gerritse, Andrés Rodrìguez-Pose
• DP11661 - Taking 'Some' of the Mimicry Out of the Adoption Process: Quality-Management and Strategic Substitution
  Joseph A. Clougherty, Michal Grajek, Oz Shy
• DP11660 - Growth through Heterogeneous Innovations
  Ufuk Akcigit, William R. Kerr
• DP11659 - Population Growth and Carbon Emissions
  Gregory Casey, Oded Galor
• DP11658 - The Effect of Foreign Investors on Local Housing Markets: Evidence from the UK
  Filipa Sá
• DP11657 - China's mobility barriers and employment allocations
  Liwa Rachel Ngai, Christopher Pissarides, Jin Wang
• DP11656 - Identifying the Benefits from Home Ownership: A Swedish Experiment
  Paolo Sodini, Stijn van Nieuwerburgh, Roine Vestman, Ulf von Lilienfeld-Toal
• DP11655 - Reformation and Reallocation: Religious and Secular Economic Activity in Early Modern Germany
  Davide Cantoni, Jeremiah Dittmar, Noam Yuchtman
• DP11654 - Republicans, Democrats and Budget Deficits: Fiscal Dynamics in Political Perspective
  Jaime Pereira, José Tavares
• DP11653 - Pricing the Odious in Odious Debts
  Stéphanie Collet, Kim Oosterlinck
• DP11652 - Infant Health Care and Long-Term Outcomes
  Aline Butikofer, Katrine Løken, Kjell G Salvanes
• DP11651 - International Banking and Transmission of the 1931 Financial Crisis
  Olivier Accominotti
• DP11650 - Crony Capitalism and the Targeting of Violence: Labor Repression During Argentina's Last Dictatorship
  Esteban F Klor, Sebastian Saiegh, Shanker Satyanath
• DP11649 - Phoenix from the Ashes: Bombs, Homes, and Unemployment in Germany, 1945-2011
  Paul Caruana Galizia, Nikolaus Wolf
• DP11648 - The Formation of Consumer Brand Preferences
  Bart Bronnenberg, Jean-Pierre Dube
• DP11647 - Putting the Cycle Back into Business Cycle Analysis
  Paul Beaudry, Dana Galizia, Franck Portier
• DP11646 - Time-Consistent Fiscal Policy in a Debt Crisis
  Neele Lisabet Balke, Morten O Ravn
• DP11645 - Implications of Return Predictability across Horizons for Asset Pricing Models
  Carlo A. Favero, Fulvio Ortu, Andrea Tamoni, Haoxi Yang
• DP11644 - Is it the "How" or the "When" that Matters in Fiscal Adjustments?
  Alberto Alesina, Gualtiero Azzalini, Carlo A. Favero, Francesco Giavazzi, Armando Miano
• DP11643 - Money Illusion and Household Finance
  Thomas A. Stephens, Jean-Robert Tyran
• DP11642 - Distorted monopolistic competition
  Kristian Behrens, Giordano Mion, Yasusada Murata, Jens Südekum
• DP11641 - Organized Crime, Violence, and Politics
  Alberto Alesina, Salvatore Piccolo, Paolo Pinotti
• DP11640 - Pegxit Pressure: Evidence from the Classical Gold Standard
  Kris James Mitchener, Goncalo Pina
• DP11639 - The Hiring Frictions and Price Frictions Nexus in Business Cycle Models
  Renato Faccini, Eran Yashiv
• DP11638 - How Much Is That Star in the Window? Professorial Salaries and Research Performance in UK Universities
  Gianni De Fraja, Giovanni Facchini, John Gathergood
• DP11637 - The growth of multinational firms in the Great Recession
  Vanessa Alviarez, Javier Cravino, Andrei A. Levchenko
• DP11636 - Investment Demand and Structural Change
  Manuel García-Santana, Josep Pijoan-Mas, Lucciano Villacorta
• DP11635 - Heterogeneity and Persistence in Returns to Wealth
  Andreas Fagereng, Luigi Guiso, Davide Malacrino, Luigi Pistaferri
• DP11634 - Labor Unemployment Risk and CEO Incentive Compensation
  Andrew Ellul, Cong Wang, Kuo Zhang
• DP11633 - Government Spending Multipliers under the Zero Lower Bound: Evidence from Japan
  Wataru Miyamoto, Thuy Lan Nguyen, Dmitriy Sergeyev
• DP11632 - Optimal Ownership of Public Goods in the Presence of Transaction Costs
  Daniel Müller, Patrick W. Schmitz
• DP11631 - Multiple Contracting in Insurance Markets
  Andrea Attar, Thomas Mariotti, François Salanié
• DP11630 - The Failure of a Clearinghouse: Empirical Evidence
  Vincent Bignon, Guillaume Vuillemey
• DP11629 - Gender Differences in Willingness to Compete: The Role of Culture and Institutions
  Alison L Booth, Elliott Fan, Xin Meng, Dandan Zhang
• DP11628 - Taxation of Temporary Jobs: Good Intentions With Bad Outcomes ?
  Hélène Benghalem, Pierre Cahuc, Olivier Charlot, Emeline Limon, Franck Malherbet
• DP11627 - Market Integration as a Mechanism of Growth
  Wolfgang Keller, Carol H Shiue
• DP11626 - Frictions in a Competitive, Regulated Market Evidence from Taxis
  Guilaume Frechette, Alessandro Lizzeri, Tobias Salz
• DP11625 - No Smoking Gun: Private Shareholders, Governance Rules and Central Bank Financial Behavior
  Bernhard Bartels, Barry Eichengreen, Beatrice Weder
• DP11624 - The Inverse Cournot Effect in Royalty Negotiations with Complementary Patents
  Gerard Llobet, Atilano Jorge Padilla
• DP11623 - Multiple Equilibria in Open Economy Models with Collateral Constraints: Overborrowing Revisited
  Stephanie Schmitt-Grohé, Martin Uribe
• DP11622 - Voter Motivation and the Quality of Democratic Choice
  Lydia Mechtenberg, Jean-Robert Tyran
• DP11621 - Nation Building: The Role of Central Spending in Education
  Francesco Cinnirella, Ruth M. Schueler
• DP11620 - The Legacies of Slavery in and out of Africa
  Graziella Bertocchi
• DP11619 - Is Optimal Capital-Control Policy Countercyclical In Open-Economy Models With Collateral Constraints?
  Stephanie Schmitt-Grohé, Martin Uribe
• DP11618 - Joining the dots: The FOMC and the future path of policy rates
  Stefan Gerlach, Rebecca Stuart
• DP11617 - Origins and implications of family structure across Italian provinces in historical perspective
  Graziella Bertocchi, Monica Bozzano
• DP11616 - The optimal distribution of population across cities
  David Albouy, Kristian Behrens, Frédéric Robert-Nicoud, Nathan Seegert
• DP11615 - Do Friends Improve Female Education? The Case of Bangladesh
  Youjin Hahn, Behrooz Hassani Mahmooei, Asadul Islam, Eleonora Patacchini, Yves Zenou
• DP11614 - A Culture of Kinship: Chinese Genealogies as a Source for Research in Demographic Economics
  Carol Hua Shiue
• DP11613 - Durable Coalitions and Communication: Public versus Private Negotiations
  David Baron, T. Renee Bowen, Salvatore Nunnari
• DP11612 - Under-Insurance in Human Capital Models with Limited Enforcement
  Tom Krebs, Moritz Kuhn, Mark L.J. Wright
• DP11611 - Two Blades of Grass: The Impact of the Green Revolution
  Douglas Gollin, Casper Worm Hansen, Asger Wingender
• DP11610 - The Wage Penalty of Dialect-Speaking
  Jan C. van Ours, Yuxin Yao
• DP11609 - Patterns of Manufacturing Growth in Sub-Saharan Africa: From Colonization to the Present
  Gareth Austin, Ewout Frankema, Morten Jerven
• DP11608 - What is the Expected Return on a Stock?
  Ian Martin, Christian Wagner
• DP11607 - A positive analysis of bank behaviour under capital requirements
  Saleem Bahaj, Frédéric Malherbe
• DP11606 - European Unemployment Revisited: Shocks, Institutions, Integration
  Giuseppe Bertola
• DP11605 - France's Almost Public Private Schools
  Giuseppe Bertola
• DP11604 - Nascent markets: Understanding the success and failure of new stock markets
  Jose Albuquerque de Sousa, Thorsten Beck, Peter van Bergeijk, Mathijs A Van Dijk
• DP11603 - Immigrant Crime and Legal Status: Evidence from Repeated Amnesty Programs
  Francesco Fasani
• DP11602 - Collective Choice in Dynamic Public Good Provision
  T. Renee Bowen, George Georgiadis, Nicolas Lambert
• DP11601 - Social Ties for Labor Market Access - Lessons from the Migration of East German Inventors
  Stefan Bender, Matthias Dorner, Dietmar Harhoff, Tina Hinz, Karin Hoisl
• DP11600 - Resolution of International Banks: Can Smaller Countries Cope?
  Dirk Schoenmaker
• DP11599 - Adaptive state space models with applications to the business cycle and financial stress
  Davide Delle Monache, Ivan Petrella, Fabrizio Venditti
• DP11598 - Sectoral Trends and Shocks in Australia's Economic Growth
  Kym Anderson
• DP11597 - Clicking on Heaven's Door: The Effect of Immigrant Legalization on Crime
  Paolo Pinotti
• DP11596 - Understanding Gender Differences in Leadership
  Sule Alan, Seda Ertac, Elif Kubilay, Gyngyi Lóránth
• DP11595 - Political Borders and Bank Lending in Post-Crisis America
  Matthieu Chavaz, Andrew K Rose
• DP11594 - Is the output growth rate in NIPA a welfare measure?
  Omar Licandro
• DP11593 - Firm Dynamics in the Neoclassical Growth Model
  Omar Licandro

October 2016

• DP11592 - The Optimal Allocation of Punishments in Tullock Contests
  Aner Sela
• DP11591 - Strategic Fragmented Markets
  Ana Babus, Cecilia Parlatore
• DP11590 - Retail Prices in a City
  Alon Eizenberg, Saul Lach, Merav Yiftach
• DP11589 - Housing, Mortgages, and Self Control
  Kathrin Schlafmann
• DP11588 - Macroeconomics and Consumption
  John Muellbauer
• P11587 - Macrofinancial History and the New Business Cycle Facts
  Òscar Jordà, Moritz Schularick, Alan M. Taylor
• DP11586 - The Career Costs of Children
  Jerome Adda, Christian Dustmann, Katrien Stevens
• DP11585 - The Perception of Dependence, Investment Decisions, and Stock Prices
  Michael Ungeheuer, Martin Weber
• DP11584 - Mending the broken link: heterogeneous bank lending and monetary policy pass-through
  Carlo Altavilla, Fabio Canova, Matteo Ciccarelli
• DP11584 - Mending the broken link: heterogeneous bank lending and monetary policy pass-through
  Carlo Altavilla, Fabio Canova, Matteo Ciccarelli
• DP11583 - Vulnerable Growth
  Tobias Adrian, Nina Boyarchenko, Domenico Giannone
• DP11582 - The Output Costs of Hard and Soft Sovereign Default
  Christoph Trebesch, Michael Zabel
• DP11581 - Parental and Child Investments and Child development of Adolescents
  Daniela Del Boca, Chiara Monfardini, Cheti Nicoletti
• DP11580 - Patents as Substitutes for Relationships
  Farzad Saidi, Alminas Zaldokas
• DP11579 - Vertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum Advertised Price Restrictions
  John Asker, Heski Bar-Isaac
• DP11578 - Achieving Price Stability by Manipulating the Central Bank's Payment on Reserves
  Robert E. Hall, Ricardo Reis
• DP11577 - The Optimal Use of Government Purchases for Stabilization
  Pascal Michaillat, Emmanuel Saez
• DP11576 - A Macrofinance View of U.S. Sovereign CDS Premiums
  Mikhail Chernov, Lukas Schmid, Andres Schneider
• DP11575 - Grantbacks, Territorial Restraints, and the Type of Follow-On Innovation: The "But for..." Defense
  Masahito Ambashi, Pierre Régibeau, Katharine Rockett
• DP11574 - When rationing plays a Role
  Daniela Del Boca, Chiara Pronzato, Giuseppe Sorrenti
• DP11573 - Transfers to Households with Children and Child Development
  Daniela Del Boca, Christopher J Flinn, Matthew Wiswall
• DP11572 - Earnings losses and labor mobility over the lifecycle
  Philip Jung, Moritz Kuhn
• DP11571 - Influencing Connected Legislators
  Marco Battaglini, Eleonora Patacchini
• DP11570 - Market Potential and Global Growth over the Long Twentieth Century
  David S. Jacks, Dennis Novy
• DP11569 - Demographic Dynamics and Long-Run Development: Insights for the Secular Stagnation Debate
  Matteo Cervellati, Uwe Sunde, Klaus F. Zimmermann
• DP11568 - The New Keynesian Wage Phillips Curve: Calvo vs. Rotemberg
  Benjamin Born, Johannes Pfeifer
• DP11567 - Leverage and Risk Weighted Capital Requirements
  Leonardo Gambacorta, Sudipto Karmakar
• DP11566 - Ordered Consumer Search
  Mark Armstrong
• DP11565 - Risk-Based Capital Requirements for Banks and International Trade
  Tomasz Michalski, Evren Örs, Banu Demir Pakel
• DP11564 - On the benefits of set-asides
  Philippe Jehiel, Laurent Lamy
• DP11563 - Self-Control and Peer Groups: An Empirical Analysis
  Marco Battaglini, Carlos Díaz, Eleonora Patacchini
• DP11562 - On the Origins of Entrepreneurship: Evidence from Sibling Correlations
  Matthew Lindquist, Joeri Sol, Mirjam van Praag, Theodor Vladasel
• DP11561 - Frictional Unemployment with Stochastic Bubbles
  Guillaume Vuillemey, Etienne Wasmer
• DP11560 - Large Time-Varying Parameter VARs: A Non-Parametric Approach
  George Kapetanios, Massimiliano Marcellino, Fabrizio Venditti
• DP11559 - Point, interval and density forecasts of exchange rates with time-varying parameter models
  Angela Abbate, Massimiliano Marcellino
• DP11558 - Have Standard VARs Remained Stable Since the Crisis?
  Knut Are Aastveit, Andrea Carriero, Todd Clark, Massimiliano Marcellino
• DP11557 - On the Economics and Politics of Refugee Migration
  Christian Dustmann, Francesco Fasani, Tommaso Frattini, Luigi Minale, Uta Schönberg
• DP11556 - Occupational choice in early industrializing societies: Experimental evidence on the income and health effects of industrial and entrepreneurial work
  Christopher Blattman, Stefan Dercon
• DP11555 - Global Firms
  Andrew B. Bernard, J Bradford Jensen, Stephen J. Redding, Peter K. Schott
• DP11554 - Labor Markets and Poverty in Village Economies
  Oriana Bandiera, Robin Burgess, Narayan Das, Selim Gulesci, Imran Rasul, Munshi Sulaiman
• DP11553 - Shifting Frontiers in Global Resource Wealth: The Role of Policies and Institutions
  Rabah Arezki, Frederik Toscani, Frederick van der Ploeg

September 2016

• DP11552 - Second-Best Renewable Subsidies to De-Carbonize the Economy: Commitment and the Green Paradox
  Armon Rezai, Frederick van der Ploeg
• DP11551 - What drives employment growth and social inclusion in EU regions?
  Marco Di Cataldo, Andrés Rodríguez-Pose
• DP11550 - The Effect of a Merger on Investments
  Massimo Motta, Emanuele Tarantino
• DP11549 - Financing Smallholder Agriculture: An Experiment wth Agent-Intermediated Microloans in India
  Pushkar Maitra, Sandip Mitra, Dilip Mookherjee, Alberto Motta, Sujata Visaria
• DP11548 - Asymmetric Information and Middleman Margins: An Experiment with Indian Potato Farmers
  Sandip Mitra, Dilip Mookherjee, Maximo Torero, Sujata Visaria
• DP11547 - Income Differences and Input-Output Structure
  Harald Fadinger, Christian Ghiglino, Mariya Teteryatnikova
• DP11546 - Globalization, Inequality and Welfare
  Pol Antràs, Alonso de Gortari, Oleg Itskhoki
• DP11545 - Securing Property Rights
  Edward L Glaeser, Giacomo AM Ponzetto, Andrei Shleifer
• DP11544 - Financial Frictions, Asset Prices, and the Great Recession
  Zhen Huo, José-Vìctor Ríos-Rull
• DP11543 - Reputation Cycles
  Boyan Jovanovic, Julien Prat
• DP11542 - Incentivizing Safer Sexual Behavior: Evidence from a Lottery Experiment on HIV Prevention
  Martina Björkman Nyqvist, Lucia Corno, Damien de Walque, Jakob Svensson
• DP11541 - Aggregate Recruiting Intensity
  Alessandro Gavazza, Simon Mongey, Giovanni L. Violante
• DP11540 - On the heterogeneous effect of trade on unemployment
  Céline Carrère, Marco Fugazza, Marcelo Olarreaga, Frédéric Robert-Nicoud
• DP11539 - Multiproduct-Firm Oligopoly: An Aggregative Games Approach
  Volker Nocke, Nicolas Schutz
• DP11538 - Relative Pay for Non-Relative Performance: Keeping up with the Joneses with Optimal Contracts
  Peter DeMarzo, Ron Kaniel
• DP11537 - ESBies: Safety in the Tranches
  Markus K Brunnermeier, Sam Langfield, Marco Pagano, Ricardo Reis, Stijn van Nieuwerburgh, Dimitri Vayanos
• DP11536 - Long-Term Orientation and Educational Performance
  David Figlio, Paola Giuliano, Umut Ozek, Paola Sapienza
• DP11535 - Has Inflation Targeting Become Less Credible? Oil Prices, Global Aggregate Demand and Inflation Expectations during the Global Financial Crisis
  Nathan Sussman, Osnat Zohar
• DP11534 - Volatility in the Small and in the Large: The Lack of Diversification in International Trade
  Francis Kramarz, Julien Martin, Isabelle Mejean
• DP11533 - A comedy of errors: misguided policy, mis-sold mortgages, and more
  Marcus Miller, Songklod Rastapana, Lei Zhang
• DP11532 - Why Do Estimates of the EMU Effect On Trade Vary so Much?
  Andrew K Rose
• DP11531 - The Booms and Busts of Beta Arbitrage
  Shiyang Huang, Dong Lou, Christopher Polk
• DP11530 - Mainstreaming an Effective Intervention: Evidence from Randomized Eavluations of "Teaching at the Right Level" in India
  Abhijit Banerjee, Rukmini Banerji, James Berry, Esther Duflo, Harini Kannan, Shobhini Mukerji, Marc Shotland, Michael Walton
• DP11529 - Ranking Languages in the European Union:Before and after Brexit
  Victor Ginsburgh, Juan Moreno-Ternero, Shlomo Weber
• DP11528 - A simple characterization of the family of diversity indices
  Davydov Denis, Shlomo Weber
• DP11527 - Valence influence in electoral competition with rank objectives
  Zakharov Alexei, Alexander Shapoval, Shlomo Weber
• DP11526 - Immigration Policies, Labor Complementarities, Population Size and Cultural Frictions: Theory and Evidence
  Thomas Osang, Shlomo Weber
• DP11525 - Environmental awareness: The case of climate change
  Shlomo Weber, Hans Wiesme
• DP11524 - Spain's Historical National Accounts: Expenditure and Output, 1850-2015
  Leandro Prados de la Escosura
• DP11523 - Borrowing Requirements, Credit Access, and Adverse Selection: Evidence from Kenya
  William Jack, Michael Kremer, Joost de Laat, Tavneet Suri
• DP11522 - Saving Alberta's Resource Revenues: Role of Intergenerational and Liquidity Funds
  Ton van den Bremer, Frederick van der Ploeg
• DP11521 - Growth expectations, undue optimism, and short-run fluctuations
  Zeno Enders, Michael Kleemann, Gernot Müller
• DP11520 - Macro Policy Responses to Natural Resource Windfalls and the Crash in Commodity Prices
  Frederick van der Ploeg
• DP11519 - Housing and macroeconomics
  Monika Piazzesi, Martin Schneider
• DP11518 - Taking Orders and Taking Notes: Dealer Information Sharing in Treasury Markets
  Nina Boyarchenko, David O Lucca, Laura Veldkamp
• DP11517 - Narrative Sign Restrictions for SVARs
  Juan Antolin-Diaz, Juan Francisco Rubio-Ramìrez
• DP11516 - Reading Between the Lines: Prediction of Political Violence Using Newspaper Text
  Hannes Felix Mueller, Christopher Rauh
• DP11515 - Effect of a micro entrepreneur-based community health delivery program on under-five mortality in Uganda: a cluster-randomized controlled trial
  Martina Björkman Nyqvist, Andrea Guariso, Jakob Svensson, David Yanagizawa-Drott
• DP11514 - Women ask for less (only from men): Evidence from alternating-offer bargaining in the field
  Iñigo Hernandez-Arenaz, Nagore Iriberri
• DP11513 - Reputation with Opportunities for Coasting
  Heski Bar-Isaac, Joyee Deb
• DP11512 - Patent Pools in Input Markets
  Markus Reisinger, Emanuele Tarantino
• DP11511 - Importing Political Polarization? The Electoral Consequences of Rising Trade Exposure
  David Autor, David Dorn, Gordon Hanson, Kaveh Majlesi
• DP11510 - Non-Precautionary Cash Hoarding and the Evolution of Growth Firms
  Arnoud W A Boot, Vladimir Vladimirov
• DP11509 - Product Switching and the Business Cycle
  Andrew B. Bernard, Toshihiro Okubo
• DP11508 - Non-rating revenue and conflicts of interest
  Ramin Baghai, Bo Becker
• DP11507 - Wolf Pack Activism
  Alon Brav, Amil Dasgupta, Richmond Mathews
• DP11506 - Better, Faster, Stronger: Global Innovation and Trade Liberalization
  Federica Coelli, Andreas Moxnes, Karen-Helene Ulltveit-Moe
• DP11505 - Funding Quantitative Easing to Target Inflation
  Ricardo Reis
• DP11504 - Once Bitten, Twice Shy: The Role of Inertia and Personal Experiences in Risk Taking
  Steffen Andersen, Tobin Hanspal, Kasper Meisner Nielsen
• DP11503 - Real Interest Rates, Imbalances and the Curse of Regional Safe Asset Providers at the Zero Lower Bound
  Pierre-Olivier Gourinchas, Hélène Rey
• DP11502 - Banks Interconnectivity and Leverage
  Alessandro Barattieri, Laura Moretti, Vincenzo Quadrini
• DP11501 - The Common Origin of Uncertainty Shocks
  Nicholas Kozeniauskas, Anna Orlik, Laura Veldkamp
• DP11500 - Quantitative Spatial Economics
  Stephen J. Redding, Esteban Rossi-Hansberg
• DP11499 - Country Portfolios, Collateral Constraints and Optimal Monetary Policy
  Ozge Senay, Alan Sutherland
• DP11498 - Exchange Rate Behavior with Negative Interest Rates: Some Early Negative Observations
  Allaudeen Hameed, Andrew K Rose
• DP11497 - Nonlinear Tax Incidence and Optimal Taxation in General Equilibrium
  Dominik Sachs, Aleh Tsyvinski, Nicolas Werquin
• DP11496 - Malaria Risk and Civil Violence
  Matteo Cervellati, Elena Esposito, Uwe Sunde, Simona Valmori
• DP11495 - Multinational firms and tax havens
  Anna Gumpert, James R Hines Jr, Monika Schnitzer
• DP11494 - Preferential Liberalization, Antidumping, and Safeguards: Stumbling Block Evidence from MERCOSUR
  Chad P. Bown, Patricia Tovar
• DP11493 - Competitive Pressure Widens the Gender Gap in Performance: Evidence from a Two-Stage Competition in Mathematics
  Nagore Iriberri, Pedro Rey-Biel
• DP11492 - Coalition Preclusion Contracts and Moderate Policies
  Hans Gersbach, Maik Schneider, Oriol Tejada
• DP11491 - The Effects of the Early Retirement Age on Retirement Decisions
  Dayanand S. Manoli, Andrea Weber
• DP11490 - Born with a silver spoon? Danish evidence on wealth inequality in childhood
  Simon H. Boserup, Wojciech Kopczuk, Claus T. Kreiner
• DP11489 - Public Debt and Private Firm Funding: Evidence from Chinese Cities
  Yi Huang, Marco Pagano, Ugo Panizza
• DP11488 - Second-degree price discrimination by a two-sided monopoly platform
  Doh-Shin Jeon, Byung-Cheol Kim, Domenico Menicucci
• DP11487 - The Effects of Pharmaceutical Innovation on Cancer Mortality
  Pierre Dubois, Margaret K Kyle
• DP11486 - Land Inequality, Education, and Marriage: Empirical Evidence from Nineteenth-Century Prussia
  Francesco Cinnirella, Erik Hornung
• DP11485 - Informal Labor and the Efficiency Cost of Social Programs: Evidence from the Brazilian Unemployment Insurance Program
  Francois Gerard, Gustavo Gonzaga
• DP11484 - A Leverage Theory of Tying in Two-Sided Markets
  Jay-Pil Choi, Doh-Shin Jeon

August 2016

• DP11483 - Hours Worked in Europe and the US: New Data, New Answers
  Alexander Bick, Bettina Brüggemann, Nicola Fuchs-Schündeln
• DP11482 - Fiscal Federalism, Taxation and Grants
  Martin Gonzalez-Eiras, Dirk Niepelt
• DP11481 - Liquidity Runs
  Rafael Matta, Enrico C Perotti
• DP11480 - Overcoming Salience Bias: How Real-Time Feedback Fosters Resource Conservation
  Kathrin Degen, Elgar Fleisch, Lorenz Götte, Rafael Lalive, Thorsten Staake, Vojkan Tasic, Verena Tiefenbeck
• DP11479 - Life-Cycle Consumption Patterns at Older Ages in the US and the UK: Can Medical Expenditures Explain the Difference?
  James Banks, Richard William Blundell, Peter Levell, James P Smith
• DP11478 - Optimal Illusion of Control and Related Perception Biases
  Olivier Gossner, Jakub Steiner
• DP11477 - Non-equilibrium Play in Centipede Games
  Bernardo Garcia-Pola, Nagore Iriberri, Jaromir Kovarik
• DP11476 - Investor-Stock Decoupling in Mutual Funds
  Miguel Ferreira, Massimo Massa, Pedro Pinto Matos
• DP11475 - The Impact of Sin Culture: Evidence from Earning Management and Alcohol Consumption in China
  Zhe Li, Massimo Massa, Niahang Xu, Hong Zhang
• DP11474 - Culture vs. Bias: Can Social Trust Mitigate the Disposition Effect?
  Jennifer Li, Massimo Massa, Hong Zhang
• DP11473 - Adjusting to The Information Environment: News Tangibility and Mutual Fund Performance
  Oleg Chuprinin, Sergio Gaspar, Massimo Massa
• DP11472 - When is Good News Not Good News? Opening Up the Black Box of Innovation for Family Firms
  Po-Hsuan Hsu, Sterling Huang, Massimo Massa, Hong Zhang
• DP11471 - Who is afraid of BlackRock?
  Massimo Massa, David Schumacher, Yan Wang
• DP11470 - Busted! Now What? Effects of Cartel Enforcement on Firm Value and Corporate Policies
  Ailin Dong, Massimo Massa, Alminas Zaldokas
• DP11469 - A Dynamic Equilibrium Model of ETFs
  Semyon Malamud
• DP11468 - Market Integration and Global Crashes
  Semyon Malamud, Aytek Malkhozov
• DP11467 - Reflections on the natural rate of interest, its measurement, monetary policy and the zero lower bound
  Alex Cukierman
• DP11466 - Dynamic Leverage Asset Pricing
  Tobias Adrian, Emanuel Moench, Hyun Song Shin
• DP11465 - The Effect of Gender-Targeted Conditional Cash Transfers on Household Expenditures: Evidence from a Randomized Experiment
  Alex Armand, Orazio Attanasio, Pedro Carneiro, Valérie Lechene
• DP11464 - Gender and Agency within the Household: Experimental Evidence from Pakistan
  Uzma Afzal, Giovanna d Adda, Marcel Fafchamps, Farah Said
• DP11463 - The Marginal Voter's Curse
  Helios Herrera, Aniol Llorente-Saguer, Joseph C. McMurray
• DP11462 - The Economic Impact of Universities: Evidence from Across the Globe
  Anna Valero, John Van Reenen
• DP11461 - New Methods for Macro-Financial Model Comparison and Policy Analysis
  Elena Afanasyeva, Meguy Kuete, Volker Wieland, Jinhyuk Yoo
• DP11460 - What makes governments popular?
  Sergei Guriev, Daniel Treisman
• DP11459 - The Political Economy of Debt and Entitlements
  Laurent Bouton, Alessandro Lizzeri, Nicola Persico
• DP11458 - Does Mass Deworming Affect Child Nutrition? Meta-analysis, Cost-Effectiveness, and Statistical Power
  Kevin Croke, Joan Hamory Hicks, Eric Hsu, Michael Kremer, Edward Miguel
• DP11457 - A Model of Biased Intermediation
  Alexandre de Cornière, Greg Taylor
• DP11456 - Intergenerational wealth mobility and the role of inheritance: Evidence from multiple generations
  Adrian Adermon, Mikael Lindahl, Daniel Waldenström
• DP11455 - Expected skewness and momentum
  Tobias Regele, Martin Weber
• DP11454 - Multinational Firms and International Business Cycle Transmission
  Javier Cravino, Andrei A. Levchenko
• DP11454 - Multinational Firms and International Business Cycle Transmission
  Javier Cravino, Andrei A. Levchenko
• DP11453 - Understanding Bank Payouts during the Crisis of 2007-2009
  Peter Cziraki, Christian Laux, Gyöngyi Lóránth
• DP11452 - Networks: An economic perspective
  Matthew O. Jackson, Brian Rogers, Yves Zenou
• DP11451 - Can Countries Rely on Foreign Saving for Investment and Economic Development?
  Eduardo Cavallo, Barry Eichengreen, Ugo Panizza
• DP11450 - The Alma Mater Effect. Does Foreign Education of Political Leaders Influence Foreign Policy?
  Axel Dreher, Shu Yu
• DP11449 - Monopolistic competition without apology
  Jacques-François Thisse, Philip Ushchev
• DP11448 - Political Foundations of the Lender of Last Resort: A Global Historical Narrative
  Charles Calomiris, Marc Flandreau, Luc Laeven
• DP11447 - Protocol Invariance and the Timing of Decisions in Dynamic Games
  Ulrich Doraszelski, Juan Escobar
• DP11446 - Aspirations and the Political Economy of Inequality
  Timothy J. Besley
• DP11445 - Israel and the 1990-2015 Global Developments: Riding with the Global Flows and Weathering the Storms
  Assaf Razin, Steven Rosefielde
• DP11444 - The I Theory of Money
  Markus K Brunnermeier, Yuliy Sannikov
• DP11443 - Information transmission and ownership consolidation in aid programs
  Axel Dreher, Sarah Langlotz, Silvia Marchesi
• DP11442 - Blockholders: A Survey of Theory and Evidence
  Alex Edmans, Clifford Holderness
• DP11441 - Choice and Competition in Public Service Provision
  Timothy J. Besley, James M Malcomson
• DP11440 - Eigenvalue Ratio Estimators for the Number of Common Factors
  Maddalena Cavicchioli, Mario Forni, Marco Lippi, Paolo Zaffaroni
• DP11439 - Distinctively Different: A New Approach to Valuing Architectural Amenities
  Gabriel Ahlfeldt, Nancy Holman
• DP11438 - Subsidies and Myopia in Technology Adoption: Evidence from Solar Photovoltaic Systems
  Olivier De Groote, Frank Verboven
• DP11437 - Marketmaking Middlemen
  Pieter A. Gautier, Bo Hu, Makoto Watanabe
• DP11436 - Labor Supply Shocks, Native Wages, and the Adjustment of Local Employment
  Christian Dustmann, Uta Schönberg, Jan Stuhler
• DP11435 - Income Distribution and Aggregate Saving: A Non-Monotonic Relationship
  Peter Bofinger, Philipp Scheuermeyer
• DP11434 - Does Rosie Like Riveting? Male and Female Occupational Choices
  Grace Lordan, Jörn-Steffen Pischke
• DP11433 - Negative Interest Rate Policies: Sources and Implications
  Carlos Arteta, Ayhan Kose, Marc Stocker, Temel Taskin
• DP11432 - The Case for Flexible Exchange Rates in a Great Recession
  Giancarlo Corsetti, Keith Kuester, Gernot Müller
• DP11431 - The curse of long horizons
  Venkataraman Bhaskar, George Mailath
• DP11430 - Temporary Jobs and the Severity of Workplace Accidents
  Matteo Picchio, Jan C. van Ours
• DP11429 - Firm Response to Competitive Shocks: Evidence from China's Minimum Wage Policy
  Harald Hau, Yi Huang, Gewei Wang
• DP11428 - Expectations, Stagnation and Fiscal Policy
  George W. Evans, Seppo Honkapohja, Kaushik Mitra
• DP11427 - Six Centuries of British Economic Growth: a Time-Series Perspective
  Nicholas Crafts, Terence C Mills
• DP11426 - Court Efficiency and Procurement Performance
  Decio Coviello, Luigi Moretti, Giancarlo Spagnolo, Paola Valbonesi
• DP11425 - Do cognitive skills Impact Growth or Levels of GDP per capita?
  Assaf Sarid, Zvi Eckstein, Yuli (Yael) Tamir
• DP11424 - Time-poor, working, super-rich
  Giacomo Corneo
• DP11423 - Competition, Product Proliferation and Welfare: A Study of the U.S. Smartphone Market
  Ying Fan, Chenyu Yang
• DP11422 - A clash of generations? Increase in Retirement Age and Labor Demand for Youth
  Tito Boeri, Pietro Garibaldi, Espen R Moen

July 2016

• DP11421 - A Unified Approach to Estimating Demand and Welfare
  Stephen J. Redding, David E. Weinstein
• DP11420 - Banking the Unbanked? Evidence from three countries
  Pascaline Dupas, Dean S. Karlan, Jonathan Robinson, Diego Ubfal
• DP11419 - Cultural Transmission and Socialization Spillovers in Education
  Carlo Del Bello, Fabrizio Panebianco, Thierry Verdier, Yves Zenou
• DP11418 - Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector
  Jörn-Steffen Pischke
• DP11417 - CEO Incentives: Measurement, Determinants, and Impact on Performance
  Lin Peng, Ailsa Roell, Hongfei Tang
• DP11416 - The Inherent Benefit of Monetary Unions
  Dominik Groll, Tommaso Monacelli
• DP11415 - Understanding the Sources of Macroeconomic Uncertainty
  Barbara Rossi, Tatevik Sekhposyan, Mattheiu Soupre
• DP11414 - Newspapers in Times of Low Advertising Revenues
  Charles Angelucci, Julia Cagé
• DP11413 -On the Distribution of the Welfare Losses of Large Recessions
  Dirk Krueger, Kurt Mitman, Fabrizio Perri
• DP11412 - The Design and Price of Information
  Dirk Bergemann, Alessandro Bonatti, Alex Smolin
• DP11411 - Competitive Schools and the Gender Gap in the Choice of Field of Study
  Fanny Landaud, Son-Thierry Ly, Eric Maurin
• DP11410 - Assessing the Non-Linear Effects of Credit Market Shocks
  Régis Barnichon, Christian Matthes, Alexander Ziegenbein
• DP11409 - The FinTech Opportunity
  Thomas Philippon
• DP11408 - Runs versus Lemons: Information Disclosure and Fiscal Capacity
  Miguel Faria-e-Castro, Joseba Martinez, Thomas Philippon
• DP11407 - Household Leverage and the Recession
  Virgiliu Midrigan, Thomas Philippon
• DP11406 - When Do Laws and Institutions Affect Recovery Rates on Collateral?
  Hans Degryse, Vasso Ioannidou, Jose Maria Liberti, Jason Sturgess
• DP11405 - Challenges for Central Banks' Macro Models
  Jesper Lindé, Frank Smets, Rafael Wouters
• DP11404 - Fiscal Consolidation Under Imperfect Credibility
  Matthieu Lemoine, Jesper Lindé
• DP11403 - How do regulated and unregulated labor markets respond to shocks? Evidence from immigrants during the Great Recession
  Sergei Guriev, Biagio Speciale, Michele Tuccio
• DP11402 - Designing Central Banks for Inflation Stability
  Pierpaolo Benigno
• DP11401 - Nonlinearity and Flight-to-Safety in the Risk-Return Tradeoff for Stocks and Bonds
  Tobias Adrian, Richard K. Crump, Erik Vogt
• DP11400 - Mobile-izing Savings with Automatic Contributions: Experimental Evidence on Present Bias and Default Effects in Afghanistan
  Joshua Blumenstock, Michael Callen, Tarek Ghani
• DP11399 - Production Function Estimation with Measurement Error in Inputs
  Allan Collard-Wexler, Jan De Loecker
• DP11398 - Innovation, Pricing and Targeting in Networks
  Fabrizio Panebianco, Thierry Verdier, Yves Zenou
• DP11397 - Competitive Effects of Partial Control in an Input Supplier
  Duarte Brito, Luís M B Cabral, Helder Vasconcelos
• DP11396 - Diversity and Employment Prospects: Neighbors Matter!
  Camille Hémet, Clément Malgouyres
• DP11395 - Input Reallocation Within Firms
  Hylke Vandenbussche, Christian Viegelahn
• DP11394 - Monetary Policy, Financial Conditions, and Financial Stability
  Tobias Adrian, Nellie Liang
• DP11393 - Sources of Change in the Life-Cycle Decisions of American Men and Women: 1962-2014
  Zvi Eckstein, Michael Keane, Osnat Lifshitz
• DP11392 - The Role of Auctions and Negotiation in Housing Prices
  David Genesove, James Hansen
• DP11391 - Forecast Rationality Tests in the Presence of Instabilities, With Applications to Federal Reserve and Survey Forecasts
  Barbara Rossi, Tatevik Sekhposyan
• DP11390 - From Late to MTE: Alternative Methods for the Evaluation of Policy Interventions
  Thomas Cornelissen, Christian Dustmann, Anna Raute, Uta Schönberg
• DP11389 - Product Mix and Firm Productivity Responses to Trade Competition
  Thierry Mayer, Marc J Melitz, Gianmarco Ottaviano
• DP11388 - In-sample Inference and Forecasting in Misspecified Factor Models
  Marine Carrasco, Barbara Rossi
• DP11387 - Inherited Wealth and Demographic Aging
  Harun Onder, Pierre Pestieau
• DP11386 - Job Creation in a Multi-Sector Labor Market Model for Developing Economies
  Arnab Basu, Nancy H Chau, Gary S Fields, Ravi Kanbur
• DP11385 - CEO Pay and the Rise of Relative Performance Contracts: A Question of Governance?
  Brian Bell, John Van Reenen
• DP11384 - Redistribution of Local Demand Shocks through Firms' Internal Networks
  Xavier Giroud, Holger M Mueller
• DP11383 - Fiscal Implications of Central Bank Balance Sheet Policies
  Athanasios Orphanides
• DP11382 - The New Keynesian Transmission Mechanism: A Heterogenous-Agent Perspective
  Tobias Broer, Niels-Jakob Harbo Hansen, Per Krusell, Erik Öberg
• DP11381 - QE in the future: the central bank's balance sheet in a fiscal crisis
  Ricardo Reis
• DP11380 - Bank Regulation, CEO Compensation, and Boards
  Julian Kolm, Christian Laux, Gyöngyi Lóránth
• DP11379 - Can Agents with Causal Misperceptions be Systematically Fooled?
  Ran Spiegler
• DP11378 - Supply Function Competition, Private Information, and Market Power: A Laboratory Study
  Anna Bayona, Jordi Brandts, Xavier Vives
• DP11377 - Electoral Accountability and the Natural Resource Curse: Theory and Evidence from India
  Amrita Dhillon, Pramila Krishnan, Manasa Patnam, Carlo Perroni
• DP11376 - Correcting for Sample Selection From Competitive Bidding, with an Application to Estimating the Effect of Wages on Performance
  Laurent Lamy, Manasa Patnam, Michael Visser
• DP11375 - The Effects of Higher Re-election Hurdles and Costs of Policy Change on Political Polarization
  Hans Gersbach, Philippe Muller, Oriol Tejada
• DP11374 - Gaussian Mixture Approximations of Impulse Responses and The Non-Linear Effects of Monetary Shocks
  Régis Barnicho
• DP11373 - Understanding the Size of the Government Spending Multiplier: It's in the Sign
  Régis Barnichon, Christian Matthes
• DP11372 - Flexibility versus stability. A difficult trade-off in the Eurozone
  Paul De Grauwe, Yuemei Ji
• DP11371 - Women's Liberation as a Financial Innovation
  Moshe Hazan, David Weiss, Hosny Zoabi
• DP11370 - Long-Term Care and Births Timing
  Pierre Pestieau, Gregory Ponthiere

June 2016

• DP11369 - Money and Capital in a Persistent Liquidity Trap
  Philippe Bacchetta, Kenza Benhima, Yannick Kalantzis
• DP11368 - Money Creation, Monetary Policy, and Capital Regulation
  Salomon Faure, Hans Gersbach
• DP11367 - The Changing Nature of Gender Selection into Employment: Europe over the Great Recession
  Juan J. Dolado, Cecilia Garcia-Penalosa, Linas Tarasonis
• DP11366 - The Influence of Ancestral Lifeways on Individual Economic Outcomes in Sub-Saharan Africa
  Stelios Michalopoulos, Louis Putterman, David Weil
• DP11365 - The public economics of long term care
  Pierre Pestieau, Gregory Ponthiere
• DP11364 - A Demand Theory of the Price Level
  Marcus Hagedorn
• DP11363 - Learning through Crowdfunding
  Gilles Chemla, Katrin Tinn
• DP11362 - Government as Borrower of First Resort
  Gilles Chemla, Christopher Hennessy
• DP11361 - The Paradox of Policy-Relevant RCTs and Natural Experiments
  Gilles Chemla, Christopher Hennessy
• DP11360 - Bayesian Expectancy Invalidates Double-Blind Randomized Controlled Medical Trials
  Gilles Chemla, Christopher Hennessy
• DP11359 - Long-term care social insurance. How to avoid big losses?
  Justina Klimaviciute, Pierre Pestieau
• DP11358 - Tort Reform and Innovation
  Alberto Galasso, Hong Luo
• DP11357 - The Political Economy of Public Debt: A Laboratory Study
  Marco Battaglini, Salvatore Nunnari, Thomas R Palfrey
• DP11356 - The Informational Theory of Legislative Committees: An Experimental Analysis
  Marco Battaglini, Ernest Lai, Wooyoung Lim, Joseph Tao-yi Wang
• DP11355 - Forecasting Macroeconomic Variables under Model Instability
  Antonio Gargano, Allan G Timmermann
• DP11354 - Forecasting in Economics and Finance
  Graham Elliott, Allan G Timmermann
• DP11353 - Monetary Versus Macroprudential Policies: Causal Impacts of Interest Rates and Credit Controls in the Era of the UK Radcliffe Report
  David Aikman, Oliver Bush, Alan M. Taylor
• DP11352 - The Tail that Wags the Economy: Belief-Driven Business Cycles and Persistent Stagnation
  Julian Kozlowski, Laura Veldkamp, Venky Venkateswaran
• DP11351 - Ethnic Favoritism: An Axiom of Politics?
  Giacomo De Luca, Roland Hodler, Paul A. Raschky, Michele Valsecchi
• DP11350 - When to Learn What in Bilateral Trade
  Kfir Eliaz, Alexander Frug
• DP11349 - Cash for Carbon: A Randomized Controlled Trial of Payments for Ecosystem Services to Reduce Deforestation
  Seema Jayachandran, Joost de Laat, Eric F. Lambin, Charlotte Stanton
• DP11348 - Peripheral Diversity: Transfers versus Public Goods
  Klaus Desmet, Ignacio Ortuño-Ortín, Shlomo Weber
• DP11347 - Challenges of Fiscal Policy in Emerging and Developing Economies
  Raju Huidrom, Ayhan Kose, Franziska Ohnsorge
• DP11346 - Do Fiscal Multipliers Depend on Fiscal Positions?
  Raju Huidrom, Ayhan Kose, Jamus Lim, Franziska Ohnsorge
• DP11345 - The Adverse Effect of Information on Governance and Leverage
  Christian Laux, Gyöngyi Lóránth, Alan Morrison
• DP11344 - Information transmission within federal fiscal architectures: Theory and evidence
  Axel Dreher, Kai Gehring, Christos Kotsogiannis, Silvia Marchesi
• DP11343 - Persuasion Bias in Science: Can Economics Help?
  Alfredo Di Tillio, Marco Ottaviani, Peter Norman Sørensen
• DP11342 - Taxing Wealth: Evidence from Switzerland
  Marius Brülhart, Jonathan Gruber, Matthias Krapf, Kurt Schmidheiny
• DP11341 - Is there trickle-down from tech? Poverty, employment and the high-technology multiplier in US cities
  Neil Lee, Andrés Rodríguez-Pose
• DP11340 - Sovereign Risk, Bank Funding and Investors' Pessimism
  Ester Faia
• DP11339 - How Does Parental Divorce Affect Children's Long-term Outcomes?
  Wolfgang Frimmel, Martin Halla, Rudolf Winter-Ebmer
• DP11338 - Does 'Being Chosen' to Lead Induce Non-Selfish Behavior? Experimental Evidence on Reciprocity
  Allan Drazen, Erkut Ozbay
• DP11337 - Optimal Automatic Stabilizers
  Alisdair McKay, Ricardo Reis
• DP11336 - Insurance Between Firms: The Role of Internal Labor Markets
  Giacinta Cestone, Chiara Fumagalli, Francis Kramarz, Giovanni Pica
• DP11335 - The Silent Treatment
  Geoffroy de Clippel, Kfir Eliaz, Kareen Rozen
• DP11334 - The Analytics of the Greek Crisis
  Pierre-Olivier Gourinchas, Thomas Philippon, Dimitri Vayanos
• DP11333 - Relational Altruism and Giving in Social Groups
  Kimberley Scharf, Sarah Smith
• DP11332 - Consumption Network Effects
  Giacomo De Giorgi, Anders Frederiksen, Luigi Pistaferri
• DP11331 - A Structural Model of Electoral Accountability
  Boragan Aruoba, Allan Drazen, Razvan Vlaicu
• DP11330 - Quality Leisure Time and Youth Development
  Benjamin Fuchs, Aderonke Osikominu
• DP11329 - Macro, Money and Finance: A Continuous Time Approach
  Markus K Brunnermeier, Yuliy Sannikov
• DP11328 - Endowment Effects in the Field: Evidence from India's IPO Lotteries
  Santosh Anagol, Vimal Balasubramaniam, Tarun Ramadorai
• DP11327 - Can War Foster Cooperation?
  Michal Bauer, Christopher Blattman, Julie Chytilova, Joseph Henrich, Edward Miguel, Tamar Mitts
• DP11326 - Multinational Banks and Supranational Supervision
  Giacomo Calzolari, Jean-Edouard Colliard, Gyöngyi Lóránth
• DP11325 - Does tax competition make mobile firms more footloose?
  Ben Ferrett, Andreas Hoefele, Ian Wooton
• DP11324 - Currency Value
  Lukas Menkhoff, Lucio Sarno, Maik Schmeling, Andreas Schrimpf
• DP11323 - Delegated information choice
  Kristoffer P Nimark, Stefan Pitschner
• DP11322 - Institutions vs. "First-Nature" Geography - What Drives Economic Growth in Europe's Regions?
  Tobias Ketterer, Andrös Rodríguez-Pose
• DP11321 - The Political Economy of Public Sector Absence: Experimental Evidence from Pakistan
  Michael Callen, Saad Gulzar, Ali Hasanain, Muhammad Yasir Khan
• DP11320 - Inflation Targets and the Zero Lower Bound In a Behavioral Macroeconomic Model
  Paul De Grauwe, Yuemei Ji
• DP11319 - Liberals, Socialists, and pork-barrel politics in Greece
  Yannis Psycharis, Andrés Rodríguez-Pose, Vassilis Tselios
• DP11318 - Unemployment Fluctuations, Match Quality, and the Wage Cyclicality of New Hires
  Mark Gertler, Christopher Huckfeldt, Antonella Trigari
• DP11317 - The Sovereign-Bank Diabolic Loop and ESBies
  Markus K Brunnermeier, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn van Nieuwerburgh, Dimitri Vayanos
• DP11316 - The effects of banning advertising in junk food markets
  Pierre Dubois, Rachel Griffith, Martin O'Connell
• DP11315 - Cross-ownership, R&D Spillovers, and Antitrust Policy
  Ángel Luis López, Xavier Vives
• DP11314 - Emergence of Asia: Reforms, Corporate Savings, and Global Imbalances
  Jingting Fan, Sebnem Kalemli-Ozcan
• DP11313 - Sovereign Risk and Bank Lending: Evidence from 1999 Turkish Earthquake
  Soner Baskaya, Sebnem Kalemli-Ozcan
• DP11312 - Management as a Technology
  Nicholas Bloom, Raffaella Sadun, John Van Reenen
• DP11311 - International Trade and Job Polarization: Evidence at the Worker-Level
  Wolfgang Keller, Hale Utar
• DP11310 - Search Frictions, Competing Mechanisms and Optimal Market Segmentation
  Xiaoming Cai, Pieter A. Gautier, Ronald Wolthoff
• DP11309 - The European Central Bank's QE: A new hope
  Antonio Garcia Pascual, Tomasz Wieladek
• DP11308 - Macroeconomics and Household Heterogeneity
  Dirk Krueger, Kurt Mitman, Fabrizio Perri
• DP11307 - On the use of high frequency measures of volatility in MIDAS regressions
  Elena Andreou
• DP11306 - Inflation expectations and monetary policy in Europe
  Elena Andreou, Snezana Eminidou, Marios Zachariadis

Mai 2016

• DP11305 - Is the Macroeconomy Locally Unstable and Why Should We Care?
  Paul Beaudry, Dana Galizia, Franck Portier
• DP11304 - Leveraging Dominance with Credible Bundling
  Sjaak Hurkens, Doh-Shin Jeon, Domenico Menicucci
• DP11303 - The Choice of Valuation Techniques in Practice: Education versus Profession
  Lilia Mukhlynina, Kjell G Nyborg
• DP11302 - Anticipating the Financial Crisis: Evidence from Insider Trading in Banks
  Jose Marin, Ozlem Ozlem Akin, José Luis Peydró
• DP11301 - Institutional Investors and Corporate Political Activism
  Rui Albuquerque, Zicheng Lei, Jorg Rocholl, Chendi Zhang
• DP11300 - Solution and Estimation of Dynamic Discrete Choice Structural Models Using Euler Equations
  Victor Aguirregabiria, Arvind Magesan
• DP11299 - The Reluctant Defaulter: A Tale of High Government Debt
  Fabrice Collard, Michel Antoine Habib, Jean-Charles Rochet
• DP11298 - Liquidity, Information Aggregation, and Market-Based Pay in an Efficient Market
  Riccardo Calcagno, Florian Heider
• DP11297 - A Model of the International Monetary System
  Emmanuel Farhi, Matteo Maggiori
• DP11296 - Creative Destruction and Uncertainty
  Petr Sedlacek
• DP11295 - The Value of Entrepreneurial Failures: Task Allocation and Career Concerns
  Andrea Canidio, Patrick Legros
• DP11294 - Monopoly Power and Endogenous Product Variety: Distortions and Remedies
  Florin Ovidiu Bilbiie, Fabio Ghironi, Marc J Melitz
• DP11293 - Quasi-Linear Integrability
  Volker Nocke, Nicolas Schutz
• DP11292 - Financial Trouble Across Generations: Evidence from The Universe of Personal Loans in Denmark
  Claus T. Kreiner, Søren Leth-Petersen, Louise Willerslev-Olsen
• DP11291 - Exclusive dealing with costly rent extraction
  Giacomo Calzolari, Vincenzo Denicolò, Piercarlo Zanchettin
• DP11290 - Interpreting Recent Quasi-Experimental Evidence on the Effects of Unemployment Benefit Extensions
  Marcus Hagedorn, Iourii Manovskii, Kurt Mitman
• DP11289 - The impact of trade shocks on collective wage bargaining agreements
  Juan Carluccio, Denis Fougère, Erwan Gautier
• DP11288 - Assessing market (dis)integration in early modern China and Europe
  Daniel M Bernhofen, Markus Eberhardt, Jianan Li, Stephen L. Morgan
• DP11287 - Quantitative Easing and Financial Stability
  Michael Woodford
• DP11286 - The Effect of Discretion on Procurement Performance
  Decio Coviello, Andrea Guglielmo, Giancarlo Spagnolo
• DP11285 - Political Economy of Redistribution
  Daniel Diermeier, Georgy Egorov, Konstantin Sonin
• DP11284 - Excessive Competition for Headline Prices
  Roman Inderst, Martin Obradovits
• DP11283 - Competition and the welfare gains from transportation infrastructure: Evidence from the Golden Quadrilateral of India
  Jose Asturias, Manuel García-Santana, Roberto Ramos Magdaleno
• DP11282 - Mind what your voters read: Media exposure and international economic policy making
  Giovanni Facchini, Tommaso Frattini, Cora Signorotto
• DP11281 - Corruption and Bicameral Reforms
  Giovanni Facchini, Cecilia Testa
• DP11280 - Can Business Owners Form Accurate Counterfactuals? Eliciting Treatment and Control Beliefs about Their Outcomes in the Alternative Treatment Status
  David J. McKenzie
• DP11279 - Violence and Birth Outcomes: Evidence from Homicides in Brazil
  Martin Koppensteiner, Marco Manacorda
• DP11278 - Liberation Technology: Mobile Phones and Political Mobilization in Africa
  Marco Manacorda, Andrea Tesei
• DP11277 - Politics in the Family Nepotism and the Hiring Decisions of Italian Firms
  Stefano Gagliarducci, Marco Manacorda
• DP11276 - The Negotiators Who Knew Too Much: Transaction Costs and Incomplete Information
  Patrick W. Schmitz
• DP11275 - Identification of Biased Beliefs in Games of Incomplete Information Using Experimental Data
  Victor Aguirregabiria, Erhao Xie
• DP11274 - The Cost of Decentralization: Linguistic Polarization and the Provision of Education
  Francesco Cinnirella, Ruth M. Schueler
• DP11273 - The Evolution of Human Capital in Africa, 1730 – 1970: A Colonial Legacy?
  Jörg Baten, Gabriele Cappelli
• DP11272 - Social Networks and Housing Markets
  Michael Bailey, Ruiqing Cao, Theresa Kuchler, Johannes Ströbel
• DP11271 - Refugees and Asylum Seekers, the Crisis in Europe and the Future of Policy
  Timothy J. Hatton
• DP11270 - Export Promotion: what works?
  Marcelo Olarreaga, Stefan Sperlich, Virginie Trachsel
• DP11269 - Bank Exposures and Sovereign Stress Transmission
  Carlo Altavilla, Marco Pagano, Saverio Simonelli
• DP11268 - Banking Crises
  Richard Grossman
• DP11267 - On the Economics of Crisis Contracts
  Aptus Elias, Hans Gersbach, Britz Volker
• DP11266 - Why East Germany did not become a new Mezzogiorno
  Andrea Boltho, Wendy Carlin, Pasquale Scaramozzino
• DP11265 - The Real Effects of Capital Requirements and Monetary Policy: Evidence from the United Kingdom
  Filippo De Marco, Tomasz Wieladek
• DP11264 - Finding the Equilibrium Real Interest Rate in a Fog of Policy Deviations
  John B. Taylor, Volker Wieland
• DP11263 - Social Media and Corruption
  Ruben Enikolopov, Maria Petrova, Konstantin Sonin
• DP11262 - Consumers' Costly Response to Product Safety Threats
  Rosa Ferrer, Helena Perrone
• DP11261 - Priors for the Long Run
  Domenico Giannone, Michele Lenza, Giorgio E Primiceri
• DP11260 - A Life-Cycle Model of Trans-Atlantic Employment Experiences
  Sagiri Kitao, Lars Ljungqvist, Thomas J Sargent
• DP11259 - The Taxing Deed of Globalization
  Peter Egger, Sergey Nigai, Nora Strecker
• DP11258 - Religious Seduction in Autocracy: A Theory Inspired by History
  Emmanuelle Auriol, Jean-Philippe Platteau
• DP11257 - International correlation of business cycles in a behavioral macroeconomic model
  Paul De Grauwe, Yuemei Ji
• DP11256 - Democracy for Polarized Committees. The Tale of Blotto's Lieutenants
  Alessandra Casella, Jean-Francois Laslier, Antonin Macé
• DP11255 - Non-durable Consumption and Housing Net Worth in the Great Recession: Evidence from Easily Accessible Data
  Greg Kaplan, Kurt Mitman, Giovanni L. Violante
• DP11254 - Social Media and Protest Participation: Evidence from Russia
  Ruben Enikolopov, Alexey Makarin, Maria Petrova

Avril 2016

• DP11253 - Pricing Assets in an Economy with Two Types of People
  Roger E A Farmer
• DP11252 - Did Cheaper Flights Change the Direction of Science?
  Christian Catalini, Christian Fons-Rosen, Patrick Gaule
• DP11251 - Optimal Forward Guidance
  Florin Ovidiu Bilbiie
• DP11250 - Sociocultural Background and Choice of STEM Majors at University
  Volker Grossmann, Aderonke Osikominu, Marius Osterfeld
• DP11249 - Image Versus Information: Changing Societal Norms and Optimal Privacy
  S. Nageeb Ali, Roland Benabou
• DP11248 - The Role of Crop Type in Cross-Country Income Differences
  Markus Eberhardt, Dietrich Vollrath
• DP11247 - Market Reforms in the Time of Imbalance
  Matteo Cacciatore, Romain Duval, Giuseppe Fiori, Fabio Ghironi
• DP11246 - Wealth inequality in Sweden: What can we learn from capitalized income tax data?
  Jacob Lundberg, Daniel Waldenström
• DP11245 - Family Networks and Distributive Politics
  Marcel Fafchamps
• DP11244 - How Migration Can Change Income Inequality?
  Assaf Razin, Efraim Sadka
• DP11243 - Agency Conflicts Around the World
  Erwan Morellec, Boris Nikolov, Norman Schürhoff
• DP11242 - Private Money Creation and Equilibrium Liquidity
  Pierpaolo Benigno, Roberto Robatto
• DP11241 - How Does the Sensitivity of Consumption to Income Vary Over Time? International Evidence
  Ergys Islamaj, Ayhan Kose
• DP11240 - Wolves in Sheep's Clothing: Is non-profit status used to signal quality?
  Daniel Jones, Carol Propper, Sarah Smith
• DP11239 - New road infrastructure: the effects on firms
  Steve Gibbons, Teemu Lyytikainen, Henry G Overman, Rosa Sanchis-Guarner
• DP11238 - Persuasion and Gender: Experimental Evidence from Two Political Campaigns
  Vincenzo Galasso, Tommaso Nannicini
• DP11237 - The Rational Inattention Filter
  Bartosz Adam Mackowiak, Filip Matejka, Mirko Wiederholt
• DP11236 - Modelling and Forecasting Mortgage Delinquency and Foreclosure in the UK
  Janine Aron, John Muellbauer
• DP11235 - Labor supply in the past, present, and future: a balanced-growth perspective
  Timo Boppart, Per Krusell
• DP11234 - The Impact of the National Minimum Wage on Industry-Level Wage Bargaining in France
  Denis Fougère, Erwan Gautier, Sébastien Roux
• DP11233 - Doves for the Rich, Hawks for the Poor? Distributional Consequences of Monetary Policy
  Nils Gornemann, Keith Kuester, Makoto Nakajima
• DP11232 - The Child Quality-Quantity Tradeoff, England, 1780-1880: A Fundamental Component of the Economic Theory of Growth is Missing
  Gregory Clark, Neil Cummins
• DP11231 - Does the Geographic Expansion of Banks Reduce Risk?
  Martin Goetz, Luc Laeven, Ross Levine
• DP11230 - Bank Leverage and Monetary Policy's Risk-Taking Channel: Evidence from the United States
  Giovanni DellAriccia, Luc Laeven, Gustavo Suarez
• DP11229 - "Flattening" the Tax Evasion: Evidence from the Post-Communist Natural Experiment
  Randall K. Filer, Jan Hanousek, Tomáa Lichard, Karine Torosyan
• DP11228 - Bias against Novelty in Science: A Cautionary Tale for Users of Bibliometric Indicators
  Paula E Stephan, Reinhilde Veugelers, Jian Wang
• DP11227 - Term structures of asset prices and returns
  David Backus, Nina Boyarchenko, Mikhail Chernov
• DP11226 - Estimating Border Effects: The Impact of Spatial Aggregation
  Cletus C. Coughlin, Dennis Novy
• DP11225 - Is there an alternative way to avoid another eurozone crisis to the Five Presidents' Report?
  Michael R. Wickens
• DP11224 - Robustness of Full Revelation in Multisender Cheap Talk
  Margaret A Meyer, Inés Moreno de Barreda, Julia Nafziger
• DP11223 - Incentive Compatible Advertising on a Social Network
  Kfir Eliaz, Ran Spiegler
• DP11222 - A Theory of Crowdfunding - a mechanism design approach with demand uncertainty and moral hazard
  Roland Strausz
• DP11221 - The Effects of Financial and Recognition Incentives Across Work Contexts: The Role of Meaning
  Michael Kosfeld, Susanne Neckermann, Xiaolan Yang
• DP11220 - You Are Judged by the Company You Keep: Reputation Leverage in Vertically Related Markets
  Jay-Pil Choi, Martin Peitz
• DP11219 - Comparing Retirement Wealth Trajectories on Both Sides of the Pond
  Richard William Blundell, Rowena Crawford, Eric Baird French, Gemma Tetlow
• DP11218 - Assessment of Post-merger Coordinated Effects: Characterization by Simulations
  Marc Ivaldi, Vicente Lagos
• DP11217 - Pollution Claim Settlements Reconsidered: Hidden Information and Bounded Payments
  Susanne Goldlücke, Patrick W. Schmitz
• DP11216 - The Empirical Landscape of Trade Policy
  Chad P. Bown, Meredith Crowley
• DP11215 - The Management of Innovation: Experimental Evidence
  David J. Kusterer, Patrick W. Schmitz
• DP11214 - Capital Requirements, Risk Shifting and the Mortgage Market
  Arzu Uluc, Tomasz Wieladek
• DP11213 - Learning, Career Paths, and the Distribution of Wages
  Santiago Caicedo Soler, Robert E. Lucas Jr., Esteban Rossi-Hansberg
• DP11212 - Breaking into Tradables: urban form and urban function in a developing city
  Anthony J Venables
• DP11211 - Building the city: sunk capital, sequencing, and institutional frictions
  J Vernon Henderson, Tanner Regan, Anthony J Venables
• DP11210 - EU Structural Funds and Regional Income Convergence - A Sobering Experience
  Philipp Breidenbach, Timo Mitze, Christoph M Schmidt
• DP11209 - Social Mobility and Stability of Democracy: Re-evaluating De Tocqueville
  Daron Acemoglu, Georgy Egorov, Konstantin Sonin

Mars 2016

• DP11208 - U.S. capital gains and estate taxation: a status report and directions for a reform
  Wojciech Kopczuk
• DP11207 - The value of incumbency in heterogeneous platforms
  Gary Biglaiser, Jacques Crémer
• DP11206 - Can there be a market for cheap-talk information? Some experimental evidence
  Antonio Cabrales, Francesco Feri, Piero Gottardi, Miguel A. Meléndez-Jiménez
• DP11205 - Dynamic Competition with Network Externalities: Why History Matters
  Hanna Halaburda, Bruno Jullien, Yaron Yehezkel
• P11204 - Monetary Policy and the Current Account: Theory and Evidence
  Ida Hjortsoe, Martin Weale, Tomasz Wieladek
• DP11203 - Real-Time Forecasting for Monetary Policy Analysis: The Case of Sveriges Riksbank
  Jens Iversen, Stefan Laseen, Henrik Lundvall, Ulf Söderström
• DP11202 - The Welfare Effects of Vertical Integration in Multichannel Television Markets
  Gregory S. Crawford, Robin S. Lee, Michael Whinston, Ali Yurukoglu
• DP11201 - What you don't know... Can't hurt you? A field experiment on relative performance feedback in higher education
  Ghazala Azmat, Manuel Bagues, Antonio Cabrales, Nagore Iriberri
• DP11200 - Optimal Reserves in Financially Closed Economies
  Olivier Jeanne, Damiano Sandri
• DP11199 - Clans, Guilds, and Markets: Apprenticeship Institutions and Growth in the Pre-Industrial Economy
  David de la Croix, Matthias Doepke, Joel Mokyr
• DP11198 - Optimal Monetary Policy, Exchange Rate Misalignments and Incomplete Financial Markets
  Ozge Senay, Alan Sutherland
• DP11197 - Animal Spirits in a Monetary Model
  Roger E A Farmer, Konstantin Platonov
• DP11196 - The Theory of Unconventional Monetary Policy
  Roger E A Farmer, Pawel Zabczyk
• DP11195 - The speed of the exchange rate pass-through
  Barthélémy Bonadio, Andreas M Fischer, Philip Sauré
• DP11194 - Anomalous Trading Prior to Lehman Brothers' Failure
  Thomas Gehrig, Marlene Haas
• DP11193 - Can Iron-Fortified Salt Control Anemia? Evidence from Two Experiments in Rural Bihar
  Abhijit Banerjee, Sharon Barnhardt, Esther Duflo
• DP11192 - Employment protection and unemployment benefits: On technology adoption and job creation in a matching model
  Kjell Erik Lommerud, Odd Rune Straume, Steinar Vagstad
• DP11191 - Inheritance and wealth inequality: Evidence from population registers
  Mikael Elinder, Oscar Erixson, Daniel Waldenström
• DP11190 - Data Abundance and Asset Price Informativeness
  Jérôme Dugast, Thierry Foucault
• DP11189 - The big trade-off between efficiency and equity - is it there?
  Torben M Andersen, Jonas Maibom
• DP11188 - The Perception of Dependence and Investment Decisions
  Michael Ungeheuer, Martin Weber
• DP11187 - Management Practices, Workforce Selection,and Productivity
  Stefan Bender, Nicholas Bloom, David Card, John Van Reenen, Stefanie Wolter
• DP11186 - Illegal migration and consumption behavior of immigrant households
  Christian Dustmann, Francesco Fasani, Biagio Speciale
• DP11185 - All's Well that Ends Well? Resolving Iceland's Failed Banks
  Fridrik Mar Baldursson, Richard Portes, Eirikur Elis Thorlaksson
• DP11184 - Revisiting Okun's Relationship
  Robert Dixon, Guay C. Lim, Jan C. van Ours
• DP11183 - The Educational Consequences of Language Proficiency for Young Children
  Asako Ohinata, Jan C. van Ours, Yuxin Yao
• DP11182 - International Shocks and Domestic Prices: How Large Are Strategic Complementarities?
  Mary Amiti, Oleg Itskhoki, Jozef Konings
• DP11181 - Union Debt Management
  Juan Equiza-Goni, Elisa Faraglia, Rigas Oikonomou
• DP11180 - Dynamic Debt Deleveraging and Optimal Monetary Policy
  Pierpaolo Benigno, Gauti Eggertsson, Federica Romei
• DP11179 - Optimal Cost Overruns: Procurement Auctions and Renegotiation
  Fabian Herweg, Marco A. Schwarz
• DP11178 - VAR Information and the Empirical Validation of DSGE Models
  Mario Forni, Luca Gambetti, Luca Sala
• DP11177 - Field-of-Study Homogamy
  Alena Bicakova, Stepan Jurajda
• DP11176 - Does gender-balancing the board reduce firm value?
  B Espen Eckbo, Knut Nygaard, Karin S Thorburn
• DP11175 - Trade, Finance and Endogenous Firm Heterogeneity
  Alessandra Bonfiglioli, Rosario Crinò, Gino A Gancia
• DP11174 - Cultural Leaders and the Dynamics of Assimilation
  Thierry Verdier, Yves Zenou
• DP11173 - Ownership Concentration and Strategic Supply Reduction
  Ulrich Doraszelski, Katja Seim, Michael Sinkinson, Peichun Wang
• DP11172 - Mirrlees meets Diamond-Mirrlees
  Florian Scheuer, Iván Werning
• DP11171 - Cross-Border Resolution of Global Banks: Bail in under Single Point of Entry versus Multiple Points of Entry
  Ester Faia, Beatrice Weder
• DP11170 - Safe Asset Scarcity and Aggregate Demand
  Ricardo Caballero, Emmanuel Farhi, Pierre-Olivier Gourinchas
• DP11169 - Risk Premia and Seasonality in Commodity Futures
  Constantino Hevia, Ivan Petrella, Martin Sola
• DP11168 - Families in Macroeconomics
  Matthias Doepke, Michèle Tertilt
• DP11167 - The impact of international swap lines on stock returns of banks in emerging markets
  Alin Marius Andries, Andreas M Fischer, Pinar Yesin
• DP11166 - Deepening Contractions and Collateral Constraints
  Henrik Jensen, Soren Hove Ravn, Emiliano Santoro
• DP11165 - Job-Search Periods for Welfare Applicants: Evidence from a Randomized Experiment
  Jonneke Bolhaar, Nadine Ketel, Bas van der Klaauw
• DP11164 - Network Contagion and Interbank Amplification during the Great Depression
  Kris James Mitchener, Gary Richardson
• DP11163 - Finance, Labour, Capital, and International Integration
  Giuseppe Bertola
• DP11162 - Special and Differential Treatment for Developing Countries
  Emanuel Ornelas
• DP11161 - Dynamic Factor model with infinite dimensional factor space: forecasting
  Mario Forni, Alessandro Giovannelli, Marco Lippi, Stefano Soccorsi
• DP11160 - Public Development Banks and Credit Market Imperfections
  Marcela Eslava, Xavier Freixas
• DP11159 - Globalization and Political Structure
  Gino A Gancia, Giacomo AM Ponzetto, Jaume Ventura
• DP11158 - Bargaining over Babies: Theory, Evidence, and Policy Implications
  Matthias Doepke, Fabian Kindermann
• DP11157 - Endogenous Repeated Cooperation and Surplus Distribution - An Experimental Analysis
  Sibilla di Guida, The Anh Han, Georg Kirchsteiger, Tom Lenaerts, Ioannis Zisis
• DP11156 - Who Trades Against Mispricing?
  Mariassunta Giannetti, Bige Kahraman
• DP11155 - Board Diversity and Firm Performance Volatility
  Mariassunta Giannetti, Mengxin Zhao
• DP11154 - Information Sharing and Rating Manipulation
  Mariassunta Giannetti, Jose Maria Liberti, Jason Sturgess
• DP11153 - The invisible hand of the government: "Moral suasion" during the European sovereign debt crisis
  Steven Ongena, Alexander Popov, Neeltje Van Horen
• DP11152 - Effective Tax Rates and Effective Progressivity in a Fiscally Decentralized Country
  Marcus Roller, Kurt Schmidheiny
• DP11151 - Secular Stagnation, Rational Bubbles and Fiscal Policy
  Coen N Teulings
• DP11150 - Secular Stagnation, Rational Bubbles and Fiscal Policy
  Coen N Teulings
• DP11149 - Secular Stagnation, Rational Bubbles and Fiscal Policy
  Coen N Teulings
• DP11148 - The Impact of Trade Agreements on Consumer Welfare
  Giuseppe Berlingieri, Holger Breinlich, Swati Dhingra
• DP11147 - Financial Regulation in Europe: Foundations and Challenges
  Thorsten Beck, Itay Goldstein
• DP11146 - Game of zones: The political economy of conservation areas
  Gabriel Ahlfeldt, Kristoffer Möller, Sevrin Waights, Nicolai Wendland
• DP11145 - Securitisation Bubbles: Structured finance with disagreement about default correlations
  Tobias Broer
• DP11144 - Growing like Spain: 1995-2007
  Manuel Garcia-Santana, Enrique Moral, Josep Pijoan-Mas, Roberto Ramos
• DP11143 - Risk-Sharing in Village Economies Revisited
  Tessa Bold, Tobias Broer

February 2016

• DP11142 - How Firms Export: Processing vs. Ordinary Trade with Financial Frictions
  Kalina Manova, Zhihong Yu
• DP11141 - A comparison of nominal and indexed debt under fiscal constraints
  Roel Beetsma, Ed Westerhout
• DP11140 - Fiscal Councils: Rationale and Effectiveness
  Roel Beetsma, Xavier Debrun
• DP11139 - University Innovation and the Professor's Privilege
  Hans K Hvide, Benjamin Jones
• DP11137 - Using Preference Estimates to Customize Incentives: An Application to Polio Vaccination Drives in Pakistan
  James Andreoni, Michael Callen, Karrar Hussain Jaffar, Muhammad Yasir Khan, Charles Sprenger
• DP11136 - Do Natural Resources Influence Who Comes to Power, and How?
  Maria Carreri, Oeindrila Dube
• DP11135 - Breaking the Spell with Credit-Easing: Self-Confirming Credit Crises in Competitive Search Economies
  Gaetano Gaballo, Ramon Marimon
• DP11134 - The long run effects of labor migration on human capital formation in communities of origin
  Taryn Dinkelman, Martine Mariotti
• DP11133 - Identifying the Discount Factor in Dynamic Discrete Choice Models
  Jaap H Abbring, Oystein Daljord
• DP11132 - Bread and Bullet
  George Akerlof, Dennis J. Snower
• DP11131 - Cooperation, Motivation and Social Balance
  Steven Bosworth, Tania Singer, Dennis J. Snower
• DP11130 - Identity-driven Cooperation versus Competition
  Steven Bosworth, Dennis J. Snower
• DP11129 - Currency Premia and Global Imbalances
  Pasquale Della Corte, Steven Riddiough, Lucio Sarno
• DP11128 - A tale of two globalizations: gains from trade and openness 1800-2010
  Giovanni Federico, Antonio Tena Junguito
• DP11127 - Optimal voting mechanisms with costly participation and abstention
  Hans Peter Grüner, Thomas Tröger
• DP11126 - One Mandarin Benefits the Whole Clan: Hometown Favoritism in an Authoritarian Regime
  Quoc-Anh Do, Kieu-Trang Nguyen, Anh Tran
• DP11125 - Spanish Agriculture in the Little Divergence
  Carlos Álvarez-Nogal, Leandro Prados de la Escosura, Carlos Santiago-Caballero
• DP11124 - Social Norms, Labor Market Opportunities, and the Marriage Gap for Skilled Women
  Marianne Bertrand, Patricia Cortes, Claudia Olivetti, Jessica Pan
• DP11123 - Field Experiments on Discrimination
  Marianne Bertrand, Esther Duflo
• DP11122 - Domestic and Cross-Border Auction Cycle Effects of Sovereign Bond Issuance in the Euro Area
  Roel Beetsma, Frank de Jong, Massimo Giuliodori, Jesper Hanson
• DP11121 - The Post-Crisis Slump in the Euro Area and the US: Evidence from an Estimated Three-Region DSGE Model
  Robert Kollmann, Beatrice Pataracchia, Rafal Raciborski, Marco Ratto, Werner Roeger, Lukas Vogel
• DP11120 - Cognitive and non-cognitive costs of daycare 0-2 for girls
  Margherita Fort, Andrea Ichino, Giulio Zanella
• DP11119 - Not So Demanding: Demand Structure and Firm Behavior
  Monika Mrazova, J Peter Neary
• DP11118 - Extremists into Truth-tellers: Information Aggregation under Asymmetric Preferences
  Jean-Philippe Bonardi, Olivier Cadot, Lionel Cottier
• DP11117 - Forward guidance and "lower for longer": The case of the ECB
  Tilman Bletzinger, Volker Wieland
• DP11116 - A Jury of Her Peers: The Impact of the First Female Jurors on Criminal Convictions
  Shamena Anwar, Patrick Bayer, Randi Hjalmarsson
• DP11115 - Solution Methods for Models with Rare Disasters
  Jesús Fernández-Villaverde, Oren Levintal
• DP11114 - The effect of international competition on firm productivity and market power
  Jan De Loecker, Johannes Van Biesebroeck
• DP11113 - Two-stage contests with effort-dependent rewards
  Aner Sela
• DP11112 The (Displacement) Effects of Spatially Targeted Enterprise Initiatives: Evidence from UK LEGI
  Elias Einiö, Henry G Overman
• DP11111 - How Excessive Is Banks' Maturity Transformation?
  Anatoli Segura, Javier Suarez
• DP11110 - The Causal Effect of Military Conscription on Crime and the Labor Market
  Randi Hjalmarsson, Matthew Lindquist
• DP11109 - Reservation wages and the wage flexibility puzzle
  Felix Koenig, Alan Manning, Barbara Petrongolo
• DP11108 - Does Government Intervention Affect Banking Globalization?
  Anya Kleymenova, Andrew K Rose, Tomasz Wieladek
• DP11107 - The Impact of the Fracking Boom on Arab Oil Producers
  Lutz Kilian
• DP11106 - Identifying Ideology: Experimental Evidence on Anti-Americanism in Pakistan
  Leonardo Bursztyn, Michael Callen, Bruno Ferman, Saad Gulzar, Ali Hasanain, Noam Yuchtman
• DP11105 - Strategic Communication with Reporting Costs
  Winand Emons, Claude Fluet
• DP11104 - The Effects of Trade Policy
  Pinelopi Goldberg, Nina Pavcnik
• DP11102 - Can collusion promote sustainable consumption and production?
  Maarten Pieter Schinkel, Yossi Spiegel
• DP11101 - Did export promotion help firms weather the crisis?
  Jozef Konings, Johannes Van Biesebroeck, Christian Volpe Martincus
• DP11100 - Intergenerational Persistence of Health in the U.S.: Do Immigrants Get Healthier as they Assimilate?
  Mevlude Akbulut-Yuksel, Adriana D. Kugler
• DP11099 - CoCo Design, Risk Shifting and Financial Fragility
  Stephanie Chan, Sweder van Wijnbergen
• DP11098 - Enforcement Matters: The Effective Regulation of Labor
  Ravi Kanbur, Lucas Ronconi
• DP11097 - Industry Dynamics and the Minimum Wage: A Putty-Clay Approach
  Daniel Aaronson, Eric Baird French, Isaac Sorkin
• DP11096 - Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015
  Vincent Reinhart, Carmen M. Reinhart, Christoph Trebesch
• DP11094 - Does Financial Deregulation Boost Top Incomes? Evidence from the Big Bang
  Julia Tanndal, Daniel Waldenström
• DP11093 - Long-Lasting Effects of Socialist Education
  Nicola Fuchs-Schündeln, Paolo Masella
• DP11092 - How do Average Hours Worked Vary with Development? Cross-Country Evidence and Implications
  Alexander Bick, Nicola Fuchs-Schündeln, David Lagakos
• DP11091 - The Bright Side of Patents
  Joan Farre-Mensa, Deepak Hegde, Alexander P. Ljungqvist
• DP11090 - Short-Selling Bans and Bank Stability
  Alessandro Beber, Daniela Fabbri, Marco Pagano
• DP11089 - The "Mystery of the Printing Press" Monetary Policy and Self-fulfilling Debt Crises
  Giancarlo Corsetti, Luca Dedola

January 2016

• DP11088 - COEURE Survey: Fiscal and Monetary Policies after the Crises
  Charles Brendon, Giancarlo Corsetti
• DP11087 - Unanimous Rules in the Laboratory
  Laurent Bouton, Aniol Llorente-Saguer, Frédéric Malherbe
• DP11086 - Gluttony and Sloth? calories, labour market activity and the rise of obesity
  Rachel Griffith, Rodrigo Lluberas, Melanie Luhrmann
• DP11085 - Why does birthplace matter so much? Sorting, learning and geography
  Clément Bosquet, Henry G Overman
• DP11084 - From Final Goods to Inputs: the Protectionist Effect of Rules of Origin
  Paola Conconi, Manuel Garcia-Santana, Laura Puccio, Roberto Venturini
• DP11083 - A Simple Model of Subprime Borrowers and Credit Growth
  Alejandro Justiniano, Giorgio E Primiceri, Andrea Tambalotti
• DP11082 - Innovation Waves, Investor Sentiment, and Mergers
  David Dicks, Paolo Fulghieri
• DP11081 - Ripple Effects of Noise on Corporate Investment
  Olivier Dessaint, Thierry Foucault, Laurent Frésard, Adrien Matray
• DP11080 - On the Desirability of Capital Controls
  Jonathan Heathcote, Fabrizio Perri
• DP11079 - The Violent Legacy of Victimization: Post-Conflict Evidence on Asylum Seekers, Crimes and Public Policy in Switzerland
  Mathieu Couttenier, Veronica Preotu, Dominic Rohner, Mathias Thoenig
• DP11078 - Management of Bureaucrats and Public Service Delivery: Evidence from the Nigerian Civil Service
  Imran Rasul, Daniel Rogger
• DP11077 - Using Split Samples to Improve Inference on Causal Effects
  Marcel Fafchamps, Julien Labonne
• DP11076 - Aggregate Hiring and the Value of Jobs Along the Business Cycle
  Eran Yashiv
• P11075 - Private Equity’s Unintended Dark Side: On the Economic Consequences of Excessive Delistings
  Alexander P. Ljungqvist, Lars Persson, Joacim Tag
• DP11074 - Stagnation Traps
  Gianluca Benigno, Luca Fornaro
• DP11073 - Corporate Strategy, Conformism, and the Stock Market
  Thierry Foucault, Laurent Frésard

• DP11072 - Infrastructure, Incentives and Institutions
  Nava Ashraf, Edward L Glaeser, Giacomo AM Ponzetto
• DP11071 - Psychological Costs of Currency Transition: Evidence from Euro Adoption
  Vladimir Otrachshenko, Olga Popova, José Tavares
• DP11070 - International Transmissions of Monetary Shocks
  Xuehui Han, Shang-Jin Wei
• DP11069 - Very Simple Markov-Perfect Industry Dynamics
  Jaap H Abbring, Jeffrey R Campbell, Jan Tilly, Nan Yang
• DP11068 - Monetary Policy According to HANK
  Greg Kaplan, Benjamin Moll, Giovanni L. Violante
• DP11067 - Nothing is in the air
  Rune Dahl Fitjar, Andrés Rodriguez-Pose
• DP11066 -The crisis and regional employment in Europe: what role for sheltered economies?
  Ugo Fratesi, Andrés Rodriguez-Pose
• DP11065 - Slowdown in Emerging Markets: Rough Patch or Prolonged Weakness?
  Tatiana Didier, Ayhan Kose, Franziska Ohnsorge, Lei Sandy Ye
• DP11064 - Technological Progress and Ownership Structure
  Heng Geng, Harald Hau, Sandy Lai
• DP11063 - Balanced Growth Despite Uzawa
  Gene Grossman, Elhanan Helpman, Ezra Oberfield, Thomas Sampson
• DP11062 - The Emergence of the Corporate Form
  Giuseppe Dari-Mattiacci, Oscar Gelderblom, Joost Jonker, Enrico C Perotti
• DP11061 - Bail-in Expectations for European Banks: Actions Speak Louder than Words
  Alexander Schäfer, Isabel Schnabel, Beatrice Weder di Mauro
• DP11060 - The Impact of Unemployment Benefit Extensions on Employment: The 2014 Employment Miracle?
  Marcus Hagedorn, Iourii Manovskii, Kurt Mitman
• DP11059 - The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
  Simon H. Boserup, Wojciech Kopczuk, Claus T. Kreiner
• DP11058 - Unraveling Firms: Demand, Productivity and Markups Heterogeneity
  Emanuele Forlani, Ralf Martin, Giordano Mion, Mirabelle Muûls
• DP11057 - The Contingent Effect of Management Practices
  Steven Blader, Claudine Gartenberg, Andrea Prat
• DP11056 - Skewness Seeking in a Dynamic Portfolio Choice Experiment
  Isabelle Brocas, Juan D Carrillo, Aleksandar Giga, Fernando Zapatero
• DP11055 - Working Hard in the Wrong Place: A Mismatch-Based Explanation to the UK Productivity Puzzle
  Christina Patterson, Aysegul Sahin, Giorgio Topa, Giovanni L. Violante
• DP11054 - The China Shock: Learning from Labor Market Adjustment to Large Changes in Trade
  David Autor, David Dorn, Gordon Hanson
• DP11053 - Cables, Sharks and Servers: Technology and the Geography of the Foreign Exchange Market
  Barry Eichengreen, Romain Lafarguette, Arnaud Mehl
• DP11052 - On the Asset Allocation of a Default Pension Fund
  Magnus Dahlquist, Ofer Setty, Roine Vestman
• DP11051 - Back to background risk?
  Andreas Fagereng, Luigi Guiso, Luigi Pistaferri
• DP11050 - Social insurance with competitive insurance markets and risk misperception
  Helmuth Cremer, Kerstin Roeder
• DP11049 - Testing The Core-Competency Model Of Multi-Product Exporters
  Carsten Eckel, Leonardo Iacovone, Beata Javorcik, J Peter Neary
• DP11048 - Identification and Inference in Regression Discontinuity Designs with a Manipulated Running Variable
  Francois Gerard, Miikka Rokkanen, Christoph Rothe
• DP11047 - Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality
  Andreas Fagereng, Luigi Guiso, Davide Malacrino, Luigi Pistaferri
• DP11046 - Speed 2.0 - Evaluating access to universal digital highways
  Gabriel Ahlfeldt, Pantelis Koutroumpis, Tommaso Valletti
• DP11045 - Adjusting to Globalization - Evidence from Worker-Establishment Matches in Germany
  Wolfgang Dauth, Sebastian Findeisen, Jens Südekum
• DP11044 - Global Supply Chains and Trade Policy
  Emily Blanchard, Chad P. Bown, Robert Johnson
• DP11043 - Macroeconomic Effects of Bankruptcy and Foreclosure Policies
  Kurt Mitman
• DP11042 - Is there macroprudential policy without international cooperation?
  Stephen G Cecchetti, Paul Tucker
• DP11041 - Are small scale VARs useful for business cycle analysis? Revisiting Non-Fundamentalness
  Fabio Canova, Mehdi Hamidi Sahneh
• DP11040 - Foreigners Knocking on the Door: Trade in China During the Treaty Port Era
  Javier Andres Santiago, Wolfgang Keller, Carol Hua Shiue
• DP11039 - The Role of Sickness in the Evaluation of Job Search Assistance and Sanctions
  Barbara Hofmann, Arne Uhlendorff, Gerard J van den Berg
• DP11038 - Using Natural Resources for Development: Why Has It Proven So Difficult?
  Anthony J Venables
• DP11037 - Finance and Synchronization
  Ambrogio Cesa-Bianchi, Jean Imbs, Jumana Saleheen
• DP11036 - The Micro Origins of International Business Cycle Comovement
  Julian di Giovanni, Andrei A. Levchenko, Isabelle Mejean
• DP11035 - Forty Years of Oil Price Fluctuations: Why the Price of Oil May Still Surprise Us
  Christiane Baumeister, Lutz Kilian
• DP11034 - The evolution of the gender gap in industrialized countries.
  Claudia Olivetti, Barbara Petrongolo