CEPR Discussion Papers 19 July 2020
Monday, July 20, 2020

CEPR publishes over 800 new Discussion Papers each year and subscribers have access to an impressive archive of more than 12,500 papers, dating back to 1984.
All papers can be purchased individually via the links below. Details of our Discussion Paper subscription plans can be seen here and lists of papers can be viewed by Programme Area here and by year here.
- DP15069 The Impact of Alternative Forms of Bank Consolidation on Credit Supply and Financial Stability
Author(s): Emanuele Tarantino, Nicola Pavanini, Sergio Mayordomo
FE, IO - DP15068 International Friends and Enemies
Author(s): Benny Kleinman, Ernest Liu, Stephen J. Redding
IT - DP15067 Understanding the German criticism of the Target system and the role of central bank capital
Author(s): Roberto Perotti
IMF - DP15066 Mergers with Differentiated Products: Where do we Stand?
Author(s): Tommaso Valletti, Hans Zenger
IO - DP15065 A Quantitative Model for the Integrated Policy Framework
Author(s): Tobias Adrian, Christopher J. Erceg, Jesper Lindé, Pawel Zabczyk, Jianping Zhou
IMF - DP15064 Advertising Arbitrage
Author(s): Marco Pagano, Sergei Kovbasyuk
FE - DP15063 Interest Rates, Market Power, and Financial Stability
Author(s): David Martinez Miera, Rafael Repullo
FE, MEF - DP15062 When Creativity Strikes: News Shocks and Business Cycle Fluctuations
Author(s): Silvia Miranda-Agrippino, Sinem Hacioglu, Kristina Bluwstein
MEF - DP15061 The Ends of 30 Big Depressions
Author(s): Martin Ellison, Sang Seok Lee, Kevin Hjortshøj O'Rourke
EH, IMF, MEF - DP15060 Corporate tax avoidance and industry concentration
Author(s): Julien Martin, Mathieu Parenti, Farid Toubal
IT, PE - DP15059 The Sensitivity of Cash Savings to the Cost of Capital
Author(s): Viral V Acharya, Soku Byoun, Zhaoxia Xu
FE - DP15058 With a Little Help from Friends: Strategic Financing and the Crowd
Author(s): Sudipto Dasgupta, Tingting Fan, Yiwei Li, Yizhou Xiao
FE - DP15057 Do Analysts Learn from Each Other? Evidence from Analysts’ Location Diversity
Author(s): Sudipto Dasgupta, Ling Cen, Yuk Ying Chang
FE - DP15056 Product Market Competition and the Relocation of Economic Activity: Evidence from the Supply Chain
Author(s): Sudipto Dasgupta, Chen Chen, Thanh Huynh, Ying Xia
FE - DP15055 Support for Small Businesses amid COVID-19
Author(s): Charles A Goodhart, Dimitrios P Tsomocos, Xuan Wang
MEF - DP15054 U.S. Populist Rhetoric and Currency Returns
Author(s): Ilias Filippou, Arie Gozluklu, My Nguyen, Mark Taylor
IMF - DP15053 The Real Effects of Exchange Rate Risk on Corporate Investment: International Evidence
Author(s): Mark Taylor, Zigan Wang, Qi Xu
IMF - DP15052 The Out-of-Sample Performance of Carry Trades
Author(s): Po-Hsuan Hsu, Mark Taylor, Zigan Wang
IMF - DP15051 Measuring the Regional Economic Cost of Brexit: Evidence up to 2019
Author(s): Thiemo Fetzer, Shizhuo Wang
MG, PE - DP15050 How Much Does COVID-19 Increase with Mobility? Evidence from New York and Four Other US Cities
Author(s): Stephen J. Redding, Edward L Glaeser, Caitlin Gorback
IT - DP15049 Can export promotion reduce unemployment?
Author(s): Cristian Ugarte, Marcelo Olarreaga
IT - DP15048 Regulating Platform Fees under Price Parity
Author(s): Renato Gomes, Andrea Mantovani
IO - DP15047 Incarceration versus probation? Long-run evidence from an anticipated reform.
Author(s): Camille Hémet, Bastien Michel
LE - DP15046 Risk Sharing within the Firm: A Primer
Author(s): Marco Pagano
FE, LE - DP15045 Assessing the Quality of Public Services: Does Hospital Competition Crowd Out the For-Profit Quality Gap?
Author(s): Johannes Kunz, Carol Propper, Kevin Staub, Rainer Winkelmann
PE - DP15044 Policies and Instruments for Self-Enforcing Treaties
Author(s): Bård Harstad, Francesco Lancia, Alessia Russo
IO, PE - DP15043 Worker heterogeneity, selection, and employment dynamics in the face of aggregate demand and pandemic shocks
Author(s): Federico Ravenna, Carl Walsh
MEF - DP15042 Fiscal and Monetary Stabilization Policy at the Zero Lower Bound: Consequences of Limited Foresight
Author(s): Michael Woodford, Yinxi Xie
MEF - DP15041 A Graphical Lasso Approach to Estimating Network Connections: The Case of U.S. Lawmakers
Author(s): Marco Battaglini, Eleonora Patacchini, Sida Peng
PE - DP15040 Italy in the Eurozone
Author(s): Christian Keuschnigg, Linda Kirschner, Michael Kogler, Hannah Winterberg
IMF, MEF - DP15039 Uncertainty and dispersion in professional interest rate forecasts: International evidence and theory
Author(s): Alex Cukierman, Thomas Lustenberger
FE, MEF - DP15038 Reciprocity and the Interaction Between the Unemployed and the Caseworker
Author(s): Gerard van den Berg, Iris Kesternich, Gerrit Mueller, Bettina Siflinger
LE - DP15037 The impact of sanctions for young welfare recipients on transitions to work and wages and on dropping out
Author(s): Gerard van den Berg, Arne Uhlendorff, Joachim Wolff
LE - DP15036 The Effects of Day Care on Health During Childhood: Evidence by Age
Author(s): Gerard van den Berg, Bettina Siflinger
LE - DP15035 Informing employees in small and medium sized firms about training: results of a randomized field experiment
Author(s): Gerard van den Berg, Christine Dauth, Pia Homrighausen, Gesine Stephan
LE - DP15034 Women in economics: A UK Perspective
Author(s): Almudena Sevilla, Sarah Smith
PE