Library News for Economics

CEPR Discussion Papers

International Macro-Finance	Anna Pavlova Roberto Rigobon	FE IM	DP8218	PDF	www.cepr.org/DP8218
The Detaxation of Overtime Hours: Lessons from the French Experiment	Pierre Cahuc Stéphane Carcillo	LE	DP8217	PDF	www.cepr.org/DP8217
Informational Rents, Macroeconomic Rents, and Efficient Bailouts	Thomas Philippon Philipp Schnabl	FE IM	DP8216	PDF	www.cepr.org/DP8216
Growth and the Optimal Carbon Tax: When to Switch from Exhaustible Resources to Renewables?	Frederick van der Ploeg Cees Withagen	IM	DP8215	PDF	www.cepr.org/DP8215
Is Short-time Work a Good Method to Keep Unemployment Down?	Pierre Cahuc Stéphane Carcillo	LE	DP8214	PDF	www.cepr.org/DP8214
An Expert Stakeholder’s View on European Integration Challenges	Amelie Constant Martin Kahanec Klaus F Zimmermann	LE	DP8213	PDF	www.cepr.org/DP8213
Ethnic Identity and Labor-Market Outcomes of Immigrants in Europe	Alberto Bisin Eleonora Patacchini Thierry Verdier Yves Zenou	LE PP	DP8212	PDF	www.cepr.org/DP8212
Credit Risk and Disaster Risk	François Gourio	FE IM	DP8201	PDF	www.cepr.org/DP8201
Monetary Policy, Leverage, and Bank Risk-taking	Giovanni Dell''Ariccia Luc Laeven Robert Marquez	FE IM	DP8199	PDF	www.cepr.org/DP8199

CEPR Discussion Papers

Can the economic impact of political decentralisation be measured?	Roberto Ezcurra Andrés Rodríguez-Pose	IT	DP8211	PDF	www.cepr.org/DP8211
Changing Developing Country Trade Policies and WTO Engagement	Bernard Hoekman	IT	DP8210	PDF	www.cepr.org/DP8210
Testing for Sufficient Information in Structural VARs	Mario Forni Luca Gambetti	IM	DP8209	PDF	www.cepr.org/DP8209
Reservation Wages of First and Second Generation Migrants	Amelie Constant Annabelle Krause Ulf Rinne Klaus F Zimmermann	LE	DP8208	PDF	www.cepr.org/DP8208
Economic Preferences and Attitudes of the Unemployed: Are Natives and Second Generation Migrants Alike?	Amelie Constant Annabelle Krause Ulf Rinne Klaus F Zimmermann	LE	DP8207	PDF	www.cepr.org/DP8207
Inefficiencies in technology transfer: theory and empirics	Marie-Laure Allain Emeric Henry Margaret K Kyle	IO	DP8206	PDF	www.cepr.org/DP8206
Understanding the size and profitability of firms: The role of a biological factor	Luigi Guiso Aldo Rustichini	FE	DP8205	PDF	www.cepr.org/DP8205
What drives women out of entrepreneurship? The joint role of testosterone and culture	Luigi Guiso Aldo Rustichini	FE	DP8204	PDF	www.cepr.org/DP8204
Death by Market Power: Reform, Competition and Patient Outcomes in the National Health Service	Martin Gaynor Rodrigo Moreno-Serra Carol Propper	PP	DP8203	PDF	www.cepr.org/DP8203
Do Migrants Improve Governance at Home? Evidence from a Voting Experiment	Catia Batista Pedro C Vicente	IM	DP8202	PDF	www.cepr.org/DP8202
Equilibrium selection in a fundamental model of money	Luis Araujo Bernardo Guimarães	IM	DP8200	PDF	www.cepr.org/DP8200
Optimal portfolio allocation for corporate pension funds	David McCarthy David K Miles	FE	DP8198	PDF	www.cepr.org/DP8198
Repayment incentives and the distribution of gains from group lending	Jean-Marie Baland Rohini Somanathan Zaki Wahhaj	DE	DP8197	PDF	www.cepr.org/DP8197
Selective immigration policies, migrants' education and welfare at origin	Simone Bertoli Herbert Brücker	IM	DP8196	PDF	www.cepr.org/DP8196
Contracts as Threats: on a Rationale For Rewarding A while Hoping For B	Elisabetta Iossa Giancarlo Spagnolo	IO	DP8195	PDF	www.cepr.org/DP8195
Forecast Rationality Tests Based on Multi-Horizon Bounds	Andrew J Patton Allan G Timmermann	FE	DP8194	PDF	www.cepr.org/DP8194
Unconventional Fiscal Policy at the Zero Bound	Isabel Correia Emmanuel Farhi Juan Pablo Nicolini Pedro Teles	IM	DP8193	PDF	www.cepr.org/DP8193
Monetary Policy in the Media	Helge Berger Michael Ehrmann Marcel Fratzscher	IM	DP8192	PDF	www.cepr.org/DP8192
Trade and Labor Market Outcomes	Elhanan Helpman Oleg Itskhoki Stephen J. Redding	IT	DP8191	PDF	www.cepr.org/DP8191

CEPR Discussion Papers

Can the economic impact of political decentralisation be measured?	Roberto Ezcurra Andrés Rodríguez-Pose	IT	DP8211	PDF	www.cepr.org/DP8211
Changing Developing Country Trade Policies and WTO Engagement	Bernard Hoekman	IT	DP8210	PDF	www.cepr.org/DP8210
Testing for Sufficient Information in Structural VARs	Mario Forni Luca Gambetti	IM	DP8209	PDF	www.cepr.org/DP8209
Reservation Wages of First and Second Generation Migrants	Amelie Constant Annabelle Krause Ulf Rinne Klaus F Zimmermann	LE	DP8208	PDF	www.cepr.org/DP8208
Economic Preferences and Attitudes of the Unemployed: Are Natives and Second Generation Migrants Alike?	Amelie Constant Annabelle Krause Ulf Rinne Klaus F Zimmermann	LE	DP8207	PDF	www.cepr.org/DP8207
Inefficiencies in technology transfer: theory and empirics	Marie-Laure Allain Emeric Henry Margaret K Kyle	IO	DP8206	PDF	www.cepr.org/DP8206
Understanding the size and profitability of firms: The role of a biological factor	Luigi Guiso Aldo Rustichini	FE	DP8205	PDF	www.cepr.org/DP8205
What drives women out of entrepreneurship? The joint role of testosterone and culture	Luigi Guiso Aldo Rustichini	FE	DP8204	PDF	www.cepr.org/DP8204
Death by Market Power: Reform, Competition and Patient Outcomes in the National Health Service	Martin Gaynor Rodrigo Moreno-Serra Carol Propper	PP	DP8203	PDF	www.cepr.org/DP8203
Do Migrants Improve Governance at Home? Evidence from a Voting Experiment	Catia Batista Pedro C Vicente	IM	DP8202	PDF	www.cepr.org/DP8202
Equilibrium selection in a fundamental model of money	Luis Araujo Bernardo Guimarães	IM	DP8200	PDF	www.cepr.org/DP8200
Optimal portfolio allocation for corporate pension funds	David McCarthy David K Miles	FE	DP8198	PDF	www.cepr.org/DP8198
Repayment incentives and the distribution of gains from group lending	Jean-Marie Baland Rohini Somanathan Zaki Wahhaj	DE	DP8197	PDF	www.cepr.org/DP8197
Selective immigration policies, migrants' education and welfare at origin	Simone Bertoli Herbert Brücker	IM	DP8196	PDF	www.cepr.org/DP8196
Contracts as Threats: on a Rationale For Rewarding A while Hoping For B	Elisabetta Iossa Giancarlo Spagnolo	IO	DP8195	PDF	www.cepr.org/DP8195
Forecast Rationality Tests Based on Multi-Horizon Bounds	Andrew J Patton Allan G Timmermann	FE	DP8194	PDF	www.cepr.org/DP8194
Unconventional Fiscal Policy at the Zero Bound	Isabel Correia Emmanuel Farhi Juan Pablo Nicolini Pedro Teles	IM	DP8193	PDF	www.cepr.org/DP8193
Monetary Policy in the Media	Helge Berger Michael Ehrmann Marcel Fratzscher	IM	DP8192	PDF	www.cepr.org/DP8192
Trade and Labor Market Outcomes	Elhanan Helpman Oleg Itskhoki Stephen J. Redding	IT	DP8191	PDF	www.cepr.org/DP8191

CEPR Discussion Papers

Who Should Pay for Certification?	Konrad O Stahl Roland Strausz	IO	DP8190	PDF	www.cepr.org/DP8190
Does Fiscal Policy Matter? Blinder and Solow Revisited	Roger E A Farmer Dmitry Plotnikov	IM	DP8189	PDF	www.cepr.org/DP8189
Import competition from and outsourcing to China: a curse or blessing for firms?	Giordano Mion Linke Zhu	IT	DP8188	PDF	www.cepr.org/DP8188
Welfare regimes and the incentives to work and get educated	Andrés Rodríguez-Pose Vassilis Tselios	IT	DP8187	PDF	www.cepr.org/DP8187
Multi-Product Firms at Home and Away: Cost- versus Quality-based Competence	Carsten Eckel Leonardo Iacovone Beata Javorcik J Peter Neary	IT	DP8186	PDF	www.cepr.org/DP8186
Criminal Networks: Who is the Key Player?	Lung-Fei Lee Xiaodong Liu Eleonora Patacchini Yves Zenou	LE PP	DP8185	PDF	www.cepr.org/DP8185
Communal Responsibility and the Coexistence of Money and Credit Under Anonymous Matching	Lars Boerner Albrecht Ritschl	IM	DP8184	PDF	www.cepr.org/DP8184
Sequential All-Pay Auctions with Head Starts	Ella Segev Aner Sela	IO	DP8183	PDF	www.cepr.org/DP8183
Citizenship and Employment – comparing two cool countries	Pieter Bevelander Ravi Pendakur	IM	DP8182	PDF	www.cepr.org/DP8182

CEPR Discussion Papers

Services Trade Liberalization and Regulatory Reform: Re-invigorating International Cooperation	Bernard Hoekman Aaditya Mattoo	IT	DP8181	PDF	www.cepr.org/DP8181
Inequality, Leverage and Crises	Michael Kumhof Romain Rancière	IM	DP8179	PDF	www.cepr.org/DP8179
On the development strategy of countries of intermediate size - An analysis of heterogenous firms in a multiregion framework	Rikard Forslid Toshihiro Okubo	IT	DP8178	PDF	www.cepr.org/DP8178
Second Order Approximation of Dynamic Models with Time-Varying Risk	Pierpaolo Benigno Gianluca Benigno Salvatore Nisticò	IM	DP8177	PDF	www.cepr.org/DP8177
Anticipated Alternative Instrument-Rate Paths in Policy Simulations	Stefan Laséen Lars E O Svensson	IM	DP8176	PDF	www.cepr.org/DP8176
Financial Crisis and Macro-Prudential Policies	Gianluca Benigno Huigang Chen Christopher Otrok Alessandro Rebucci Eric R Young	IM	DP8175	PDF	www.cepr.org/DP8175
Nonlinearities in the Oil Price-Output Relationship	Lutz Kilian Robert J. Vigfusson	IM	DP8174	PDF	www.cepr.org/DP8174

CEPR Discussion Papers

Bilateral Financial Linkages and Global Imbalances: A View on The Eve of the Financial Crisis	Gian Maria Milesi-Ferretti Francesco Strobbe Natalia Tamirisa	IM	DP8173	PDF	www.cepr.org/DP8173
Oligopoly and Trade	Dermot Leahy J Peter Neary	IT	DP8172	PDF	www.cepr.org/DP8172
Rethinking the Effects of Financial Liberalization	Fernando A Broner Jaume Ventura	IM	DP8171	PDF	www.cepr.org/DP8171
Financial Frictions, Investment, and Institutions	Stijn Claessens Kenichi Ueda Yishay Yafeh	FE	DP8170	PDF	www.cepr.org/DP8170
Macroeconomics and Volatility: Data, Models, and Estimation	Jesús Fernández-Villaverde Juan Francisco Rubio-Ramírez	IM	DP8169	PDF	www.cepr.org/DP8169
Urban Accounting and Welfare	Klaus Desmet Esteban Rossi-Hansberg	IT	DP8168	PDF	www.cepr.org/DP8168
Public-private partnerships versus traditional procurement: An experimental investigation	Eva I Hoppe David J Kusterer Patrick W Schmitz	IO	DP8167	PDF	www.cepr.org/DP8167
The Evaluation of Citation Distributions from an Economic Perspective	Javier Ruiz-Castillo	IO	DP8166	PDF	www.cepr.org/DP8166
Paved with Good Intentions: Global Financial Integration, the Eurozone, and the Imaginary Road to the Fabled Gold Standard	Geoffrey R D Underhill	FE	DP8165	PDF	www.cepr.org/DP8165
Theory and the Market after the Crisis: the Endogeneity of Financial Governance	Geoffrey R D Underhill	FE	DP8164	PDF	www.cepr.org/DP8164
Exchange Rate Pass-through and Monetary Policy in South Africa	Janine Aron Greg Farrell John Muellbauer Peter Sinclair	IM	DP8153	PDF	www.cepr.org/DP8153

CEPR Discussion Papers

Relocating the value chain: Off-shoring and agglomeration in the global economy	Richard Baldwin Anthony J. Venables
Unilateral tariff liberalisation	Richard Baldwin
No trade, one-way or two-way trade?	Toshihiro Okubo Pierre M Picard Jacques-François Thisse
What Drives the European Central Bank's Interest-Rate Changes?	Morten Åstrup Henrik Jensen
Measuring competition using the Profit Elasticity: American Sugar Industry, 1890-1914	Jan Boone Michiel van Leuvensteijn
How Useful Are Estimated DSGE Model Forecasts for Central Bankers?	Rochelle M Edge Refet S. Gürkaynak
Why crises happen - nonstationary macroeconomics	James Davidson David Meenagh Patrick Minford Michael R. Wickens
Ratings Quality over the Business Cycle	Heski Bar-Isaac Joel Shapiro
Colonial Rule, Apartheid and Natural Resources: Top Incomes in South Africa, 1903-2007	Facundo Alvaredo Anthony Atkinson
Risk, Uncertainty and Monetary Policy	Geert Bekaert Marie Hoerova Marco Lo Duca
The Skewness of Science in 219 Sub-Fields and a Number of Aggregates	Pedro Albarrán Juan A. Crespo Ignacio Ortuño-Ortín Javier Ruiz-Castillo

CEPR Discussion Papers

Two-Tier Labor Markets in the Great Recession: France vs. Spain	Samuel Bentolila Pierre Cahuc Juan J. Dolado Thomas Le Barbanchon	LE	DP8152	PDF	www.cepr.org/DP8152
Spatial Sorting: Why New York, Los Angeles and Detroit attract the greatest minds as well as the unskilled	Jan Eeckhout Roberto Pinheiro Kurt Schmidheiny	IT	DP8151	PDF	www.cepr.org/DP8151
Asset Return Dynamics Under Bad Environment-Good Environment Fundamentals	Geert Bekaert Eric Engstrom	FE	DP8150	PDF	www.cepr.org/DP8150
Aggregate Idiosyncratic Volatility	Geert Bekaert Robert J Hodrick Xiaoyan Zhang	FE	DP8149	PDF	www.cepr.org/DP8149
Snow and Leverage	Xavier Giroud Holger M Mueller Alexander Stomper Arne Westerkamp	FE	DP8148	PDF	www.cepr.org/DP8148
And the Winner Is--Acquired: Entrepreneurship as a Contest with Acquisition as the Prize	Joachim Henkel Thomas Rønde Marcus Wagner	IO	DP8147	PDF	www.cepr.org/DP8147
Cheap Talk with Multiple Audiences: an Experimental Analysis	Marco Battaglini Uliana Makarov	IO	DP8146	PDF	www.cepr.org/DP8146
What Segments Equity Markets?	Geert Bekaert Campbell Harvey Christian T Lundblad Stephan Siegel	FE	DP8142	PDF	www.cepr.org/DP8142

CEPR Discussion Papers

The R&D-patent relationship: An industry perspective

Competitive quantity discounts

Politics and Monetary Policy

Innovation and Foreign Ownership

Whither Corruption? A Quantitative Survey of the Literature on Corruption and Growth

Legal Institutions and Economic Development

Public Ownership of Banks and Economic Growth - The Role of Heterogeneity

Financial Integration and Growth - Is Emerging Europe Different?

Dynamic Incentive Contracts under Parameter Uncertainty

Job Contact Networks and the Ethnic Minorities

Taxation and International Migration of Superstars: Evidence from the European Football Market

Interregional Redistribution and Regional Disparities: How Equalization Does (Not) Work

Optimal Unemployment Insurance over the Business Cycle

International Capital Flows and Credit Market Imperfections: A Tale of Two Frictions

Globalization and Inflation in Europe

Credit Supply and the Price of Housing

Housing purchases and the dynamics of housing wealth

Social Interactions and Spillovers

CEPR Discussion Papers

Non-standard Monetary Policy Measures and Monetary Developments	Domenico Giannone Michele Lenza Huw Pill Lucrezia Reichlin	IM	DP8125	PDF	www.cepr.org/DP8125
A flying start? Long term consequences of maternal time investments in children during their first year of life	Pedro Carneiro Katrine Løken Kjell G Salvanes	LE	DP8124	PDF	www.cepr.org/DP8124
Rural-Urban Migration and Unemployment: Theory and Policy Implications	Yves Zenou	LE	DP8123	PDF	www.cepr.org/DP8123
How Should Financial Intermediation Services be Taxed?	Ben Lockwood	PP	DP8122	PDF	www.cepr.org/DP8122
A Note on Detecting Learning by Exporting	Jan De Loecker	IT	DP8121	PDF	www.cepr.org/DP8121
The Henry George Theorem in a second-best world	Kristian Behrens Yoshitsugu Kanemoto Yasusada Murata	IT	DP8120	PDF	www.cepr.org/DP8120
The Identification of Agglomeration Economies	Pierre-Philippe Combes Gilles Duranton Laurent Gobillon	IT	DP8119	PDF	www.cepr.org/DP8119
China’s Foreign Trade: Perspectives From the Past 150 Years	Wolfgang Keller Ben Li Carol Hua Shiue	DE IT	DP8118	PDF	www.cepr.org/DP8118