Year publications

Discussion Papers 2004

DP4840	Divide et Impera: Optimal Leniency Programmes Author(s): Giancarlo Spagnolo Published December 2004
DP4823	What You Sell is What You Lend? Explaining Trade Credit Contracts Author(s): Mike Burkart, Tore Ellingsen, Mariassunta Giannetti Published December 2004
DP4822	Businessman Candidates: Special-Interest Politics in Weakly Institutionalized Environments Author(s): Scott Gehlbach, Konstantin Sonin Published December 2004
DP4821	Passive Creditors Author(s): Koen Schoors, Konstantin Sonin Published December 2004
DP4820	Shareholder Diversification and IPOs Author(s): Andriy Bodnaruk, Eugene Kandel, Massimo Massa, Andrei Simonov Published December 2004
DP4819	Dispersion of Opinion and Stock Returns Author(s): William Goetzmann, Massimo Massa Published December 2004
DP4818	Mutual Funds and the Market for Liquidity Author(s): Massimo Massa, Ludovic Phalippou Published December 2004
DP4817	Advertising and Pricing at Multiple-Output Firms: Evidence from US Thrift Institutions Author(s): Robert DeYoung, Evren Örs Published December 2004
DP4816	Theft and Taxes Author(s): Mihir Desai, Alexander Dyck, Luigi Zingales Published December 2004
DP4815	History versus Geography: The Role of College Interaction in Portfolio Choice and Stock Market Prices Author(s): Massimo Massa, Andrei Simonov Published December 2004
DP4814	Disposition Matters: Volume, Volatility and Price Impact of Behavioural Bias Author(s): William Goetzmann, Massimo Massa Published December 2004
DP4813	Can Buybacks Be A Product of Shorter Shareholder Horizons? Author(s): José-Miguel Gaspar, Massimo Massa, Pedro Pinto Matos, Rajdeep Patgiri Published December 2004
DP4812	Idiosyncratic Volatility and Product Market Competition Author(s): José-Miguel Gaspar, Massimo Massa Published December 2004
DP4811	What We Don't Know About the Monetary Transmission Mechanism and Why We Don't Know It Author(s): Andreas Beyer, Roger E A Farmer Published December 2004
DP4810	Large Devaluations and the Real Exchange Rate Author(s): Ariel Tomas Burstein, Martin Eichenbaum, Sérgio Rebelo Published December 2004
DP4809	Equilibrium Exchange Rates in Transition Economies: Taking Stock of the Issues Author(s): Balázs Égert, László Halpern, Ronald MacDonald Published December 2004
DP4808	Bundling and the Unanimity Rule Author(s): Ulrich Erlenmaier, Hans Gersbach Published December 2004
DP4807	Endogenous Market Incompleteness with Investment Risks Author(s): Césaire A. Meh, Vincenzo Quadrini Published December 2004
DP4806	Macroeconomic Order Flows: Explaining Equity and Exchange Rate Returns Author(s): Peter Dunne, Harald Hau, Michael Moore Published December 2004
DP4805	Robust Monetary Policy in the New-Keynesian Framework Author(s): Kai Leitemo, Ulf Söderström Published December 2004
DP4804	Natural Resources and Economic Growth: From Dependence to Diversification Author(s): Thorvaldur Gylfason Published December 2004
DP4803	The Mystery of Monogamy Author(s): Eric D Gould, Omer Moav, Avi Simhon Published December 2004
DP4802	Exchange Rate Volatility and Labour Markets in the CEE Countries Author(s): Ansgar Belke, Leo Kaas, Ralph Setzer Published December 2004
DP4800	Growth and Epidemic Diseases Author(s): Clive Bell, Hans Gersbach Published December 2004
DP4799	The Welfare Cost of Business Cycles in an Economy with Non-Clearing Markets Author(s): Franck Portier, Luis Puch Published December 2004
DP4798	Risk Shifting, Technology Policy and Sales Contingent Claims: When is Launch Aid to the Aerospace Industry A Subsidy? Author(s): Kim Kaivanto, Paul Stoneman Published December 2004
DP4797	Bank Lending and Property Prices in Hong Kong Author(s): Stefan Gerlach, Wensheng Peng Published December 2004
DP4796	Measuring Trend Output: How Useful Are the Great Ratios? Author(s): Clifford Attfield, Jonathan Temple Published December 2004
DP4795	Languages in the EU: The Quest for Equality and Its Cost Author(s): Jan Fidrmuc, Victor Ginsburgh Published December 2004
DP4794	Active Financial Intermediation: Evidence on the Role of Organizational Specialization and Human Capital Author(s): Laura Bottazzi, Marco Da Rin, Thomas F Hellmann Published December 2004
DP4793	When the Punishment Must Fit the Crime: Remarks on the Failure of Simple Penal Codes in Extensive-Form Games Author(s): George J Mailath, Volker Nocke, Lucy White Published December 2004
DP4792	Job Stability Trends, Layoffs and Transitions to Unemployment - An Empirical Analysis for West Germany Author(s): Annette Bergemann, Antje Mertens Published December 2004
DP4791	Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia and Ukraine Author(s): J David Brown, John S Earle Published December 2004
DP4790	Monetary and Fiscal policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve Author(s): Peter Bofinger, Eric Mayer Published December 2004
DP4789	Hedging, Familiarity and Portfolio Choice Author(s): Massimo Massa, Andrei Simonov Published December 2004
DP4788	Favouritism in Mutual Fund Families? Evidence on Strategic Cross-Fund Subsidization Author(s): José-Miguel Gaspar, Massimo Massa, Pedro Pinto Matos Published December 2004
DP4787	Mutual Fund Competition and Stock Market Liquidity Author(s): Massimo Massa Published December 2004
DP4786	Portfolio Diversification, Proximity Investment and City Agglomeration Author(s): William Goetzmann, Massimo Massa, Andrei Simonov Published December 2004
DP4785	Local Ownership as Private Information: Evidence on the Monitoring-Liquidity Trade-Off Author(s): José-Miguel Gaspar, Massimo Massa Published December 2004
DP4784	R&D Policies, Trade and Process Innovation Author(s): Jan I. Haaland, Hans Jarle Kind Published December 2004
DP4783	The Missing Link: The Knowledge Filter and Entrepreneurship in Endogenous Growth Author(s): Zoltán J Acs, David B Audretsch, Pontus Braunerhjelm, Bo Carlsson Published December 2004
DP4782	Welfare-Maximizing Operational Monetary and Tax Policy Rules Author(s): Robert Kollmann Published December 2004
DP4781	Intermediation by Aid Agencies Author(s): Colin Rowat, Paul Seabright Published December 2004
DP4780	Anti-Dumping Duties and the Byrd Amendment Author(s): David R Collie, Hylke Vandenbussche Published December 2004
DP4779	The European Bond Markets Under EMU Author(s): Marco Pagano, Ernst-Ludwig von Thadden Published December 2004
DP4778	Too Many to Fail - An Analysis of Time Inconsistency in Bank Closure Policies Author(s): Viral V. Acharya, Tanju Yorulmazer Published December 2004
DP4777	Dictators and Their Viziers: Agency Problems in Dictatorships Author(s): Georgy Egorov, Konstantin Sonin Published December 2004
DP4776	Intra-Household Allocation and the Living Standards of the Elderly in Greece Author(s): Amanda Gosling, Eleni Karagiannaki Published December 2004
DP4775	Interest Rate Setting by the ECB: Words and Deeds Author(s): Stefan Gerlach Published December 2004
DP4774	Retirement Age and Health Expenditures Author(s): Helmuth Cremer, Jean-Marie Lozachmeur, Pierre Pestieau Published December 2004
DP4773	Disability Testing and Retirement Author(s): Helmuth Cremer, Jean-Marie Lozachmeur, Pierre Pestieau Published December 2004
DP4772	Financial Globalization, Growth and Volatility in Developing Countries Author(s): Ayhan Kose, Eswar Prasad, Kenneth Rogoff, Shang-Jin Wei Published December 2004
DP4771	Content and Advertising in the Media: Pay-TV versus Free-To-Air Author(s): Martin Peitz, Tommaso Valletti Published December 2004
DP4770	Economic and Regulatory Capital: What is the Difference? Author(s): Abel Elizalde, Rafael Repullo Published December 2004
DP4769	The Coordinated Effects of Mergers in Differentiated Products Markets Author(s): Kai-Uwe Kühn Published December 2004
DP4768	On the Role of Arbitrageurs in Rational Markets Author(s): Suleyman Basak, Benjamin Croitoru Published December 2004
DP4767	Industrial Policy for the Twenty-First Century Author(s): Dani Rodrik Published November 2004
DP4766	Caution or Activism? Monetary Policy Strategies in an Open Economy Author(s): Martin Ellison, Lucio Sarno, Jouko Vilmunen Published November 2004
DP4765	Turbulence and Unemployment in a Job Matching Model Author(s): Wouter Den Haan, Christian Haefke, Gary Ramey Published November 2004
DP4764	Optimal Taxation in an RBC Model: A Linear-Quadratic Approach Author(s): Pierpaolo Benigno, Michael Woodford Published November 2004
DP4763	Structural Change in a Multi-Sector Model of Growth Author(s): Liwa Rachel Ngai, Christopher Pissarides Published November 2004
DP4762	Strong Contagion with Weak Spillovers Author(s): Martin Ellison, Liam Graham, Jouko Vilmunen Published November 2004
DP4761	Financial Market Development and the Rise in Firm Level Uncertainty Author(s): David Thesmar, Mathias Thoenig Published November 2004
DP4760	Do Markets Favour Women's Human Capital More Than Planners? Author(s): Daniel Münich, Jan Svejnar, Katherine Terrell Published November 2004
DP4759	What Do Deficits Tell us About Debts? Empirical Evidence on Creative Accounting with Fiscal Rules in the EU Author(s): Jürgen von Hagen, Guntram B. Wolff Published November 2004
DP4758	Verified Trust: Reciprocity, Altruism and Noise in Trust Games Author(s): Marius Brülhart, Jean-Claude Usunier Published November 2004
DP4757	Capital Structure under Imperfect Enforcement Author(s): Hans K Hvide, Tore Leite Published November 2004
DP4756	Economic Theories of Bundling and their Policy Implications in Abuse Cases: An Assessment in Light of the Microsoft Case Author(s): Cristina Caffarra, Kai-Uwe Kühn, Robert Stillman Published November 2004
DP4755	Liquidity Risk and Corporate Demand for Hedging and Insurance Author(s): Jean-Charles Rochet, Stéphane Villeneuve Published November 2004
DP4754	Self-Employment Dynamics Across the Business Cycle: Migrants vs Natives Author(s): Amelie Constant, Klaus F Zimmermann Published November 2004
DP4753	Dynamic Security Design Author(s): Bruno Biais, Thomas Mariotti, Guillaume Plantin, Jean-Charles Rochet Published November 2004
DP4752	The Rise of Fund Managers in Foreign Exchange Author(s): Thomas Gehrig, Lukas Menkhoff Published October 2004
DP4751	A Time-Frequency Analysis of the Coherences of the US Business Cycle and the European Business Cycle Author(s): Andrew Hughes Hallett, Christian Richter Published November 2004
DP4750	Comparing Shocks and Frictions in US and Euro Area Business Cycles: A Bayesian DSGE Approach Author(s): Frank Smets, Rafael Wouters Published November 2004
DP4749	Forecasting with a Bayesian DSGE Model: An Application to the Euro Area Author(s): Frank Smets, Rafael Wouters Published November 2004
DP4748	School Choice and Quality Author(s): Daniele Checchi, Tullio Jappelli Published November 2004
DP4747	Does it Cost to be Virtuous? The Macroeconomic Effect of Fiscal Constraints Author(s): Fabio Canova, Evi Pappa Published November 2004
DP4746	International Risk Sharing and the Transmission of Productivity Shocks Author(s): Giancarlo Corsetti, Luca Dedola, Sylvain Leduc Published November 2004
DP4745	Financial Globalization and Exchange Rates Author(s): Philip R. Lane, Gian Maria Milesi-Ferretti Published November 2004
DP4744	Intergenerational Education Transmission: Neighbourhood Quality and/or Parents' Involvement Author(s): Eleonora Patacchini, Yves Zenou Published November 2004
DP4743	Equilibrium Search Unemployment With Explicit Spatial Frictions Author(s): Etienne Wasmer, Yves Zenou Published November 2004
DP4742	Complementarities and Games: New Developments Author(s): Xavier Vives Published November 2004
DP4741	Inequality, Technology and the Social Contract Author(s): Roland Bénabou Published November 2004
DP4740	Optimal Stabilization Policy When Wages and Prices are Sticky: The Case of a Distorted Steady State Author(s): Pierpaolo Benigno, Michael Woodford Published November 2004
DP4739	Inequality and Institutions Author(s): Alberto Chong, Mark Gradstein Published November 2004
DP4738	Growth, History and Institutions Author(s): Graziella Bertocchi Published November 2004
DP4737	Citizenship Laws and International Migration in Historical Perspective Author(s): Graziella Bertocchi, Chiara Strozzi Published November 2004
DP4736	Public Safety and the Moral Dilemma in the Defense Against Terror Author(s): Raphaël Franck, Arye L. Hillman, Miriam Krausz Published November 2004
DP4735	Financial Intermediation with Contingent Contracts and Macroeconomic Risks Author(s): Hans Gersbach Published November 2004
DP4734	Properties of Scoring Auctions Author(s): John Asker, Estelle Cantillon Published November 2004
DP4733	Balance of Power Author(s): Jan Boone Published November 2004
DP4732	Fixed Costs and FDI: The Conflicting Effects of Productivity Shocks Author(s): Assaf Razin, Yona Rubinstein, Efraim Sadka Published November 2004
DP4731	On the Optimal Timing of Taxes Author(s): John Hassler, Per Krusell, Kjetil Storesletten, Fabrizio Zilibotti Published November 2004
DP4730	The Elusive Welfare Economics of Price Stability As A Monetary Policy Objective: Should New Keynesian Central Bankers Persue Price Stability Author(s): Willem H. Buiter Published November 2004
DP4729	A Variance Ratio Related Prediction Tool with Application to the NYSE Index 1825-2002 Author(s): Shmuel Kandel, Shlomo Zilca Published November 2004
DP4728	Two Views of Inequality Over the Life-Cycle Author(s): Jonathan Heathcote, Kjetil Storesletten, Giovanni L. Violante Published November 2004
DP4727	Policies for Banking Crises: A Theoretical Framework Author(s): Rafael Repullo Published November 2004
DP4726	Convergence and Cycles in the Euro Zone Author(s): Vasco M Carvalho, Andrew Harvey Published November 2004
DP4725	Banks' Loan Portfolio and the Monetary Transmission Mechanism Author(s): Wouter Den Haan, Steven Sumner, Guy Yamashiro Published November 2004
DP4724	Bank Loan Components and the Time-Varying Effects of Monetary Policy Shocks Author(s): Wouter Den Haan, Steven Sumner, Guy Yamashiro Published November 2004
DP4723	Distance to the Efficiency Frontier and FDI Spillovers Author(s): Klara Sabirianova Peter, Jan Svejnar, Katherine Terrell Published November 2004
DP4722	Dividend Taxes and Corporate Behaviour: Evidence from the 2003 Dividend Tax Cut Author(s): Raj Chetty, Emmanuel Saez Published November 2004
DP4721	Is There Regional Tax Competition? Firm Level Evidence for Belgium Author(s): Karen Crabbé, Boudewijn Janssen, Hylke Vandenbussche Published October 2004
DP4720	EU Enlargement and Beyond: A Simulation Study on EU and Russia Integration Author(s): Pekka Sulamaa, Mika Widgrén Published October 2004
DP4719	Fear of Outsourcing: Is It Justified? Author(s): Mary Amiti, Shang-Jin Wei Published October 2004
DP4718	Asset Pricing with Liquidity Risk Author(s): Viral V. Acharya, Lasse Heje Pedersen Published October 2004
DP4717	Resolution of Sovereign Debt Crises: The New Old Framework Author(s): Richard Portes Published October 2004
DP4716	Earnings, Schooling and Economic Reform: New Econometric Evidence Author(s): Nauro F. Campos, Dean Jolliffe Published October 2004
DP4715	Agglomeration and Welfare: The Core-Periphery Model in the Light of Bentham, Kaldor and Rawls Author(s): Sylvie Charlot, Carl Gaigné, Frédéric Robert-Nicoud, Jacques-François Thisse Published October 2004
DP4714	The Demographic Transition and the Emergence of Sustained Economic Growth Author(s): Oded Galor Published October 2004
DP4713	To What Extent Should Less-Developed Countries Enforce Intellectual Property? Author(s): Gilles Saint-Paul Published October 2004
DP4712	Welfare Effects of Intellectual Property in a North-South Model of Endogenous Growth with Comparative Advantage Author(s): Gilles Saint-Paul Published October 2004
DP4711	Cross-Skill Redistribution and the Trade-Off Between Unemployment Benefits and Employment Protection Author(s): Tito Boeri, José Ignacio Conde-Ruiz, Vincenzo Galasso Published October 2004
DP4710	The Macroeconomics of Knowledge Management: Internal Hold-Up versus Technological Competition Author(s): Mathias Thoenig, Thierry Verdier Published October 2004
DP4709	Wage Differentials in the 1990s in Israel: Endowments, Discrimination and Selectivity Author(s): Shoshana Neuman, Ronald L Oaxaca Published October 2004
DP4708	Intermittent Employment: Work Histories of Israeli Men and Women, 1983-1995 Author(s): Shoshana Neuman, Adrian Ziderman Published October 2004
DP4707	Effective Active Labour Market Policies Author(s): Jan Boone, Jan C. van Ours Published October 2004
DP4706	Is There a Political Support for the Double Burden on Prolonged Activity? Author(s): Georges Casamatta, Helmuth Cremer, Pierre Pestieau Published October 2004
DP4705	Changes in the Distribution of Male and Female Wages Accounting for Employment Composition Using Bounds Author(s): Richard Blundell, Amanda Gosling, Hidehiko Ichimura, Costas Meghir Published October 2004
DP4704	Optimal Rewards in Contests Author(s): Chen Cohen, Todd Kaplan, Aner Sela Published October 2004
DP4703	Accounting for Cross-Country Income Differences Author(s): Francesco Caselli Published October 2004
DP4702	Joint Production in Teams Author(s): Marco Battaglini Published October 2004
DP4701	A Portfolio Choice Model with Utility from Anticipation of Future Consumption and Stock Markets' Mean Reversion Author(s): Shmuel Kandel, Arik Kuznitz Published October 2004
DP4700	Optimal Domestic Regulation and the Pattern of Trade Author(s): David Martimort, Thierry Verdier Published October 2004
DP4699	Socially Responsible Trade Integration: A Political Economy Perspective Author(s): Thierry Verdier Published October 2004
DP4698	How Special is the Special Relationship? Using the Impact of US R&D Spillovers on UK Firms as a Test of Technology Sourcing Author(s): Rachel Griffith, Rupert Harrison, John Van Reenen Published October 2004
DP4697	Financial Globalization, International Business Cycles and Consumption Risk Sharing Author(s): Michael J Artis, Mathias Hoffmann Published October 2004
DP4696	Monetary Magic? How the Fed Improved the Flexibility of the Economy Author(s): Tamim Bayoumi, Silvia Sgherri Published October 2004
DP4695	Competition, Globalization and the Decline of Inflation Author(s): Natalie Chen, Jean Imbs, Andrew Scott Published October 2004
DP4694	Dismantling Discrimination Against Developing Countries: Access, Rules and Differential Treatment Author(s): Bernard Hoekman Published October 2004
DP4693	International Cooperation on Domestic Policies: Lessons from the WTO Competition Policy Debate Author(s): Bernard Hoekman, Kamal Saggi Published October 2004
DP4692	Policies Facilitating Firm Adjustment to Globalization Author(s): Bernard Hoekman, Beata Javorcik Published October 2004
DP4691	Foreign Ownership and Productivity: New Evidence from the Service Sector and the R&D Lab Author(s): Rachel Griffith, Stephen J. Redding, Helen Simpson Published October 2004
DP4690	Tariff Protection, Intellectual Property Rights and North-South Trade with Perfect Price Flexibility Author(s): Delia Ionascu, Kresimir Zigic Published October 2004
DP4689	Employment Concentration Across US Counties Author(s): Klaus Desmet, Marcel Fafchamps Published October 2004
DP4688	Hold-Up Problems and Firm Formation Author(s): Hans Gersbach, Hans Haller Published October 2004
DP4685	Industry/University S&T Transfers: What Can We Learn From Belgian CIS-2 Data? Author(s): Henri Capron, Michele Cincera Published November 2004
DP4684	Estimating the Expected Marginal Rate of Substitution: Exploiting Idiosyncratic Risk Author(s): Robert P Flood, Andrew K Rose Published October 2004
DP4683	The Politics Of Debt Crises Author(s): Caroline Van Rijckeghem, Beatrice Weder di Mauro Published October 2004
DP4682	The Political Economy of Urban Transport System Choice Author(s): Jan Brueckner, Harris Selod Published October 2004
DP4681	Do Firms Want to Borrow More? Testing Credit Constraints Using a Directed Lending Program Author(s): Abhijit Banerjee, Esther Duflo Published October 2004
DP4680	The Brain Drain: Some Evidence from European Expatriates in the US Author(s): Gilles Saint-Paul Published October 2004
DP4679	Indeterminacy in a Finance Constrained Unionized Economy Author(s): Teresa Lloyd-Braga, Leonor Modesto Published October 2004
DP4678	Creating Competition Out of Thin Air: Market Thickening and Right-to-Choose Auctions Author(s): Kfir Eliaz, Theo Offerman, Andrew Schotter Published October 2004
DP4677	Domestic and International Finance: How Do They Affect Consumption Smoothing? Author(s): Harry Huizinga, Dantao Zhu Published October 2004
DP4676	Monetary and Exchange Rate Policy in Korea: Assessments and Policy Issues Author(s): Barry Eichengreen Published October 2004
DP4675	Deconstructing the Art of Central Banking Author(s): Tamim Bayoumi, Silvia Sgherri Published October 2004
DP4674	The Comovement of Credit Default Swap, Bond and Stock Markets: An Empirical Analysis Author(s): Lars Norden, Martin Weber Published October 2004
DP4673	Equilibrium of Real Financial Markets: Theory and Experimental Evidence Author(s): Peter Bossaerts Published October 2004
DP4672	Can Venture Capital Funds Pick Winners? Evidence from Pre-IPO Survival Rates and Post-IPO Performance Author(s): Hedva Ber, Yishay Yafeh Published October 2004
DP4671	Destination- versus Origin-based Commodity Taxation and the Location of Industry Author(s): Kristian Behrens, Jonathan Hamilton, Gianmarco Ottaviano, Jacques-François Thisse Published October 2004
DP4670	Political Institutions, Environmental Policy and Growth Author(s): Laura Marsiliani, Thomas I Renström Published October 2004
DP4669	Import Demand Elasticities and Trade Distortions Author(s): Hiau Looi Kee, Alessandro Nicita, Marcelo Olarreaga Published October 2004
DP4668	Diamonds are Forever, Wars are Not: Is Conflict Bad for Private Firms? Author(s): Massimo Guidolin, Eliana La Ferrara Published October 2004
DP4667	Information Sales and Insider Trading Author(s): Giovanni Cespa Published October 2004
DP4666	Who Runs the IFIs? Author(s): Riccardo Faini, Enzo Grilli Published October 2004
DP4665	Trade Liberalization in a Globalizing World Author(s): Riccardo Faini Published October 2004
DP4664	Do Elections Always Motivate Incumbents? Learning versus Re-election Concerns Author(s): Eric Le Borgne, Ben Lockwood Published October 2004
DP4663	International Cooperation and the Reform of Public Procurement Policies Author(s): Simon J Evenett, Bernard Hoekman Published October 2004
DP4662	Anatomy of the Rise and Fall of a Price-Fixing Conspiracy: Auctions at Sotheby's and Christie's Author(s): Orley C Ashenfelter, Kathryn Graddy Published October 2004
DP4661	Fiscal Discipline and the Cost of Public Debt Service: Some Estimates for OECD Countries Author(s): Silvia Ardagna, Francesco Caselli, Timothy Lane Published October 2004
DP4660	Foreign Direct Investment and Spillovers: Gradualism May Be Better Author(s): Klaus Desmet, Juan A Rojas Published October 2004
DP4659	Platform Competition in Telecommunications Author(s): Jeffrey Church, Neil Gandal Published October 2004
DP4658	Intellectual Property and Standardization Committee Participation in the US Modem Industry Author(s): Neil Gandal, Nataly Gantman, David Genesove Published October 2004
DP4657	Platform Ownership Author(s): Volker Nocke, Martin Peitz, Konrad O Stahl Published October 2004
DP4656	Optimal Expectation Author(s): Markus K Brunnermeier, Jonathan A Parker Published October 2004
DP4655	Personal Value Priorities of Economists Author(s): Neil Gandal, Sonia Roccas, Lilach Sagiv, Amy Wrzesniewski Published October 2004
DP4654	Optimal Operational Monetary Policy in the Christiano-Eichenbaum-Evans Model of the US Business Cycle Author(s): Stephanie Schmitt-Grohé, Martín Uribe Published October 2004
DP4653	Rule of Law, Democracy, Openness and Income: Estimating the Interrelationships Author(s): Roberto Rigobon, Dani Rodrik Published October 2004
DP4652	The International Business Cycle in a Changing World: Volatility and the Propagation of Shocks in the G-7 Author(s): Michael J Artis, Denise Osborn, Pedro Perez-Vazquez Published October 2004
DP4651	Money Market Pressure and the Determinants of Banking Crises Author(s): Tai-Kuang Ho, Jürgen von Hagen Published October 2004
DP4650	Model-based Clustering of Multiple Time Series Author(s): Sylvia Frühwirth-Schnatter, Sylvia Kaufmann Published September 2004
DP4649	Optimal Forecast Combination Under Regime Switching Author(s): Graham Elliott, Allan Timmermann Published October 2004
DP4648	Corporate Social Responsibility and Managerial Entrenchment Author(s): Giovanni Cespa, Giacinta Cestone Published September 2004
DP4647	Fiscal and Monetary Interaction: The Role of Asymmetries of the Stability and Growth Pact in EMU Author(s): Sylvester C W Eijffinger, Matteo Governatori Published September 2004
DP4646	Estimates of Personal Sector Wealth for South Africa Author(s): Janine Aron, John Muellbauer Published September 2004
DP4645	Term Structure of Risk Under Alternative Econometric Specifications Author(s): Massimo Guidolin, Allan Timmermann Published September 2004
DP4644	Population Ageing and International Capital Flows Author(s): David Domeij, Martin Flodén Published September 2004
DP4643	Innovative (Imitative) Effort and Tariffs in Developing Countries: Policy Implications of Different Market Conducts, Government Commitment Levels, and Information (A)symmetries Author(s): Delia Ionascu, Kresimir Zigic Published September 2004
DP4642	External Currency Pricing and the East Asian Crisis Author(s): David Cook, Michael B Devereux Published September 2004
DP4641	Competition and Incentives with Motivated Agents Author(s): Timothy J. Besley, Maitreesh Ghatak Published September 2004
DP4640	The Dynamic Impact of Immigration on Natives' Labour Market Outcomes: Evidence from Israel Author(s): Sarit Cohen-Goldner, M. Daniele Paserman Published September 2004
DP4639	Predatory Trading Author(s): Markus K Brunnermeier, Lasse Heje Pedersen Published September 2004
DP4638	The Dynamics of City Formation: Finance and Governance Author(s): Vernon Henderson, Anthony Venables Published September 2004
DP4637	Measurement Error in Education and Growth Regressions Author(s): Rob Alessie, Miguel Portela, Coen N Teulings Published September 2004
DP4636	Forecasting Time Series Subject to Multiple Structural Breaks Author(s): M Hashem Pesaran, Davide Pettenuzzo, Allan Timmermann Published September 2004
DP4635	Trade Liberalization with Heterogenous Firms Author(s): Richard Baldwin, Rikard Forslid Published September 2004
DP4634	The Impact of Trade on Intra-Industry Reallocations and Aggregate Industry Productivity: A Comment Author(s): Richard Baldwin, Frédéric Robert-Nicoud Published September 2004
DP4633	Incentives and Prosocial Behaviour Author(s): Roland Bénabou, Jean Tirole Published September 2004
DP4632	Top Indian Incomes, 1922-2000 Author(s): Abhijit Banerjee, Thomas Piketty Published September 2004
DP4631	Wealth Concentration in a Developing Economy: Paris and France, 1807-1994 Author(s): Thomas Piketty, Gilles Postel-Vinay, Jean Laurent Rosenthal Published September 2004
DP4630	Regional Policy, Integration and the Location of Industry in a Multiregion Framework Author(s): Rikard Forslid Published September 2004
DP4629	Mass Migration to Israel and Natives' Transitions from Employment Author(s): Sarit Cohen-Goldner, M. Daniele Paserman Published September 2004
DP4628	When Can Changes in Expectations Cause Business Cycle Fluctuations in Neo-Classical Settings? Author(s): Paul Beaudry, Franck Portier Published September 2004
DP4627	Sequential Information Flow and Real-Time Diagnosis of Swiss Inflation: Intra-Monthly DCF Estimates for a Low-Inflation Environment Author(s): Marlene Amstad, Andreas M Fischer Published September 2004
DP4626	Excessive Prices: Using Economics to Define Administrable Legal Rules Author(s): David S Evans, Atilano Jorge Padilla Published September 2004
DP4625	Designing Antitrust Rules for Assessing Unilateral Practices: A Neo-Chicago Approach Author(s): David S Evans, Atilano Jorge Padilla Published September 2004
DP4624	Household Inequality, Welfare and the Setting of Trade Policy Author(s): Joseph Francois, Hugo Rojas-Romagosa Published September 2004
DP4623	Designing Democracies for Sustainability Author(s): Hans Gersbach, Tobias Kleinschmidt Published September 2004
DP4622	Comparative Advantage and Heterogenous Firms Author(s): Andrew B. Bernard, Stephen J. Redding, Peter K. Schott Published September 2004
DP4621	Is There Policy Induced Quality Reversal in Intra-Industry Trade Between Developed and Less-Developed Countries? Author(s): Michael Kúnin, Kresimir Zigic Published September 2004
DP4620	Antidumping Protection and Productivity Growth of Domestic Firms Author(s): Jozef Konings, Hylke Vandenbussche Published September 2004
DP4619	Voice of the Diaspora: An Analysis of Migrant Voting Behaviour Author(s): Orla Doyle, Jan Fidrmuc Published September 2004
DP4618	Price Dispersion and Consumer Reservation Prices Author(s): Simon P Anderson, André de Palma Published September 2004
DP4617	The Influence of Others on Migration Plans Author(s): Gil S Epstein, Ira Gang Published September 2004
DP4616	Ethnic Networks and International Trade Author(s): Gil S Epstein, Ira Gang Published September 2004
DP4615	Towards a Lender of First Resort Author(s): Daniel Cohen, Richard Portes Published September 2004
DP4614	A Flexible Economy? Entrepreneurship and Productivity in New Zealand Author(s): John McMillan Published September 2004
DP4613	A Rational Expectations Theory of the Kink in Earnings Reports Author(s): Ilan Guttman, Ohad Kadan, Eugene Kandel Published September 2004
DP4612	Do Retail Incentives Work in Privatizations? Author(s): Matti Keloharju, Samuli Knüpfer, Sami Torstila Published September 2004
DP4611	Neighbourhoods, Households and Income Dynamics: A Semi-Parametric Investigation of Neighbourhood Effects Author(s): Anne Bolster, Simon Burgess, Ron Johnston, Kelvyn Jones, Carol Propper, Rebecca Sarker Published September 2004
DP4610	The Feldstein-Horioka Fact Author(s): Domenico Giannone, Michele Lenza Published September 2004
DP4609	Pseudo Market Timing: Fact or Fiction? Author(s): Magnus Dahlquist, Frank de Jong Published September 2004
DP4608	The Employment Effects of Severance Payments with Wage Rigidities Author(s): Pietro Garibaldi, Giovanni L. Violante Published September 2004
DP4607	Do Larger Severance Payments Increase Individual Job Duration? Author(s): Pietro Garibaldi, Lia Pacelli Published September 2004
DP4606	Is Seniority-Based Pay Used as a Motivation Device? Evidence from Plant Level Data Author(s): Alberto Bayo-Moriones, José Enrique Galdón Sánchez, Maia Güell Published September 2004
DP4605	A Theory of Wages and Labour Demand with Intra-firm Bargaining and Matching Frictions Author(s): Pierre Cahuc, François Marque, Etienne Wasmer Published September 2004
DP4604	Jewish Occupational Selection: Education, Restrictions or Minorities? Author(s): Maristella Botticini, Zvi Eckstein Published September 2004
DP4603	Estimating the Return to Training and Occupational Experience: The Case of Female Immigrants Author(s): Sarit Cohen-Goldner, Zvi Eckstein Published September 2004
DP4602	Heterogeneous Firms, Agglomeration and Economic Geography: Selection and Sorting Author(s): Richard Baldwin, Toshihiro Okubo Published September 2004
DP4601	Determinants of International Activity: Evidence from the Chemical Industry Author(s): Andrea Fosfuri Published September 2004
DP4600	The 'Genome' of NEG Models with Vertical Linkages: A Positive and Normative Synthesis Author(s): Gianmarco Ottaviano, Frédéric Robert-Nicoud Published September 2004
DP4599	Credible Commitment to Optimal Escape from a Liquidity Trap: The Role of the Balance Sheet of an Independent Central Bank Author(s): Olivier Jeanne, Lars E.O. Svensson Published September 2004
DP4598	Cities, Matching and the Productivity Gains of Agglomeration Author(s): Fredrik Andersson, Simon Burgess, Julia Lane Published September 2004
DP4597	Explaining Anglo-German Productivity Differences in Services Since 1870 Author(s): Stephen N Broadberry Published September 2004
DP4596	Labour Productivity in the US and the UK During the 19th Century Author(s): Stephen N Broadberry, Douglas Irwin Published September 2004
DP4595	International Trade and Macroeconomic Dynamics with Heteroegenous Firms Author(s): Fabio Ghironi, Marc J Melitz Published September 2004
DP4594	Optimal Monetary Policy with Imperfect Common Knowledge Author(s): Klaus Adam Published September 2004
DP4593	Vertical versus Horizontal Tax Externalities: An Empirical Test Author(s): Marius Brülhart, Mario Jametti Published September 2004
DP4592	The Challenge of Reducing Subsidies and Trade Barriers Author(s): Kym Anderson Published September 2004
DP4591	The Role of Risk Aversion in Predicting Individual Behaviours Author(s): Luigi Guiso, Monica Paiella Published September 2004
DP4590	Bilateral Market Power and Vertical Integration in the Spanish Electricity Spot Market Author(s): Kai-Uwe Kühn, Matilde Pinto Machado Published September 2004
DP4589	Competition, Incomplete Discrimination and Versioning Author(s): Khaled Diaw, Jérôme Pouyet Published September 2004
DP4588	The 3-Equation New Keynesian Model: A Graphical Exposition Author(s): Wendy Carlin, David Soskice Published September 2004
DP4587	Federal Funds Rate Prediction Author(s): Lucio Sarno, Daniel L Thornton, Giorgio Valente Published September 2004
DP4586	An Empirical Study of Liquidity and Information Effects of Order Flow on Exchange Rates Author(s): Francis Breedon, Paolo Vitale Published August 2004
DP4585	Optimal Monetary Policy Under Discretion with a Zero Bound on Nominal Interest Rates Author(s): Klaus Adam, Roberto M Billi Published August 2004
DP4584	Forecasting (and Explaining) US Business Cycles Author(s): John Muellbauer, Luca Nunziata Published August 2004
DP4583	Exchange Rates and Inflation Under EMU: An Update Author(s): Patrick Honohan, Philip R. Lane Published August 2004
DP4582	Time Consistent Public Expenditures Author(s): Paul Klein, Per Krusell, José-Víctor Ríos-Rull Published August 2004
DP4581	From Stagnation to Growth: Unified Growth Theory Author(s): Oded Galor Published August 2004
DP4580	Firm-Specific Training Author(s): Leonardo Felli, Christopher J Harris Published August 2004
DP4579	Economic and Political Liberalizations Author(s): Francesco Giavazzi, Guido Tabellini Published August 2004
DP4578	Telecommunications Policies: Determinants and Impact Author(s): Jordi Gual, Francesco Trillas Published August 2004
DP4577	Does Microsoft Stifle Innovation? Dominant Firms, Imitation and R&D Incentives Author(s): Luís M B Cabral, Ben Polak Published August 2004
DP4576	Interregional Redistribution and Mobility in Federations: A Positive Approach Author(s): Nico Hansen, Anke Kessler Published August 2004
DP4575	Endogenous Fertility Policy Author(s): Alison L Booth, Facundo Sepulveda Published August 2004
DP4574	Price Competition in a Differentiated Products Duopoly Under Network Effects Author(s): Krina Griva, Nikolaos Vettas Published August 2004
DP4573	Contracting with Diversely Naive Agents Author(s): Kfir Eliaz, Ran Spiegler Published August 2004
DP4572	The Organization of Delegated Expertise Author(s): Denis Gromb, David Martimort Published August 2004
DP4571	The Severity of the Colombian Conflict: Cross-Country Dataset versus New Micro Data Author(s): Jorge Restrepo, Michael Spagat, Juan F Vargas Published August 2004
DP4570	The Colombian Conflict: Uribe's First 17 Months Author(s): Jorge Restrepo, Michael Spagat Published August 2004
DP4569	The Effects of Structural Reforms on Productivity- and Profitability-Enhancing Reallocation: Evidence from Colombia Author(s): Marcela Eslava, John C Haltiwanger Jr, Adriana D. Kugler, Maurice Kugler Published August 2004
DP4568	Pricing to Firm: An Analysis of Firm- and Product-Level Import Prices Author(s): László Halpern, Miklós Koren Published August 2004
DP4567	Trust and Bribery: The Role of the Quid Pro Quo and the Link With Crime Author(s): Jennifer Hunt Published August 2004
DP4566	Measuring Tax Efficiency: A Tax Optimality Index Author(s): Pascalis Raimondos, Alan D Woodland Published August 2004
DP4543	The Impact of Competition on Bank Orientation and Specialization Author(s): Hans Degryse, Steven Ongena Published August 2004
DP4542	Health Care Quality and Economic Inequality Author(s): Tullio Jappelli, Luigi Pistaferri, Guglielmo Weber Published August 2004
DP4541	Sectoral Regulators and the Competition Authority: Which Relationship is Best? Author(s): Pedro Pita Barros, Steffen Hoernig Published August 2004
DP4540	Contract Renewal and Incentives in Public Procurement Author(s): Dag Morten Dalen, Espen R Moen, Christian Riis Published August 2004
DP4539	Poverty Persistence in Sweden Author(s): Jörgen Hansen, Roger Wahlberg Published August 2004
DP4538	Growth Accelerations Author(s): Ricardo Hausmann, Lant Pritchett, Dani Rodrik Published August 2004
DP4537	What Does A Technology Shock Do? A VAR Analysis with Model-based Sign Restrictions Author(s): Luca Dedola, Stefano Neri Published September 2004
DP4536	Small Sample Confidence Intervals for Multivariate Impulse Response Functions at Long Horizons Author(s): Elena Pesavento, Barbara Rossi Published September 2004
DP4535	Has the Transmission Mechanism of European Monetary Policy Changed in the Run-Up to EMU? Author(s): Matteo Ciccarelli, Alessandro Rebucci Published September 2004
DP4534	Similarities and Convergence in G7 Cycles Author(s): Fabio Canova, Matteo Ciccarelli, Eva Ortega Published September 2004
DP4533	Interpolation and Backdating with A Large Information Set Author(s): Elena Angelini, Jérôme Henry, Massimiliano Marcellino Published October 2004
DP4532	Conditional versus Contingent Fees Author(s): Winand Emons Published August 2004
DP4531	Monetary Policy in an Estimated Open-Economy Model with Imperfect Pass-Through Author(s): Jesper Lindé, Marianne Nessen, Ulf Söderström Published August 2004
DP4530	A Guided Tour of the Market Microstructure Approach to Exchange Rate Determination Author(s): Paolo Vitale Published August 2004
DP4529	Price Clustering in the FX Market: A Disaggregate Analysis Using Central Bank Intervention Author(s): Andreas M Fischer Published August 2004
DP4528	Deflationary Bubbles Author(s): Willem H. Buiter, Anne Sibert Published August 2004
DP4527	Spatial Determinants of Productivity: Analysis for the Regions of Great Britain Author(s): Patricia Rice, Anthony Venables Published August 2004
DP4526	Trade Standards and the Political Economy of Genetically Modified Food Author(s): Kym Anderson, Richard Damania, Lee Ann Jackson Published August 2004
DP4525	Exclusive Contracts, Loss to Delay and Incentives to Invest Author(s): Christian Groh, Giancarlo Spagnolo Published August 2004
DP4524	Who is the Enemy? Author(s): Gil S Epstein, Ira Gang Published August 2004
DP4523	Social Networks and Labour Market Transitions Author(s): Yann Bramoullé, Gilles Saint-Paul Published August 2004
DP4522	Technology Shocks and Aggregate Fluctuations: How Well Does the RBC Model Fit Post-War US Data? Author(s): Jordi Galí, Pau Rabanal Published August 2004
DP4521	The Real Effects of the Euro: Evidence from Corporate Investments Author(s): Arturo Bris, Yrjö Koskinen, Mattias Nilsson Published August 2004
DP4520	Performance and Behaviour of Family Firms: Evidence from the French Stock Market Author(s): David Sraer, David Thesmar Published August 2004
DP4519	Lobbying on Entry Author(s): Enrico C Perotti, Paolo Volpin Published August 2004
DP4518	The Term Structure of Real Rates and Expected Inflation Author(s): Andrew Ang, Geert Bekaert Published August 2004
DP4517	Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows and Exchange Rates? Author(s): Harald Hau, Hélène Rey Published August 2004
DP4516	Interest Rate Determination in the Interbank Market Author(s): Vítor Gaspar, Gabriel Pérez-Quirós, Hugo Rodriguez Mendizabal Published August 2004
DP4515	Labour Market Prospects, Search Intensity and Transition from College to Work Author(s): Peter Berkhout, Bas van der Klaauw, Aico van Vuuren Published August 2004
DP4514	A General Test of Gaming Author(s): Pascal Courty, Gerald Marschke Published August 2004
DP4513	Knowledge Disclosure, Patents and Optimal Organization of Research and Development Author(s): Sudipto Bhattacharya, Sergei Guriev Published August 2004
DP4512	Distrust - The Hidden Cost of Control Author(s): Armin Falk, Michael Kosfeld Published August 2004
DP4511	Performance Pay and Adverse Selection Author(s): Espen R Moen, Åsa Rosén Published August 2004
DP4510	Purchasing Power Parity and the Euro Area Author(s): Kees Koedijk, Ben Tims, Mathijs A Van Dijk Published July 2004
DP4509	Defense R&D in the Anti-Terrorist Era Author(s): Manuel Trajtenberg Published July 2004
DP4508	The Economics of Special and Differential Trade Regimes Author(s): Paola Conconi, Carlo Perroni Published July 2004
DP4507	The Jukebox Mode of Innovation - A Model of Commercial Open Source Development Author(s): Joachim Henkel Published July 2004
DP4506	Managerial Incentives and Collusive Behaviour Author(s): Giancarlo Spagnolo Published July 2004
DP4505	Does Staying out of the European Integration Process Shelter the Industrial Base of Small Countries? Author(s): Rikard Forslid Published July 2004
DP4504	Learning on the Quick and Cheap: Gains from Trade Through Imported Expertise Author(s): James R. Markusen, Tom Rutherford Published July 2004
DP4503	Efficiency Wages Revisited: The Internal Reference Perspective Author(s): Jean-Pierre Danthine, André Kurmann Published August 2004
DP4502	Bigger and Better: A Dynamic Regulatory Mechanism for Optimum Quality Author(s): Gianni De Fraja, Alberto Iozzi Published August 2004
DP4501	Stock and Bond Returns with Moody Investors Author(s): Geert Bekaert, Eric Engstrom, Steve Grenadier Published July 2004
DP4500	Hansa vs Habsburg: Debt, Deficits and the Entry of Accession Countries into the Euro Author(s): Andrew Hughes Hallett, John Lewis Published July 2004
DP4499	International Investment Patterns Author(s): Philip R. Lane, Gian Maria Milesi-Ferretti Published July 2004
DP4498	The Era of Migration: Lessons for Today Author(s): Kevin Hjortshøj O'Rourke Published July 2004
DP4497	Symmetrical Research Joint Ventures: Cooperative Substitutes and Complements Author(s): Dermot Leahy, J Peter Neary Published July 2004
DP4496	Oil and the Macroeconomy Since the 1970s Author(s): Robert Barsky, Lutz Kilian Published July 2004
DP4495	The Purchasing Power Parity Debate Author(s): Mark P Taylor, Alan M. Taylor Published July 2004
DP4494	Productivity, Tradability and the Long-Run Price Puzzle Author(s): Paul R Bergin, Reuven Glick, Alan M. Taylor Published July 2004
DP4493	Preference Formation and the Rise of Women's Labour Force Participation: Evidence from WWII Author(s): Raquel Fernández, Alessandra Fogli, Claudia Olivetti Published July 2004
DP4492	Measuring Market Integration: Foreign Exchange Arbitrage and the Gold Standard 1874-1913 Author(s): Eugene Canjels, Gauri Prakash-Canjels, Alan M. Taylor Published August 2004
DP4491	Managed Trade, Trade Liberalization and Local Pollution Author(s): Alberto Gallegos, Pierre Régibeau Published July 2004
DP4490	GM Food Crop Technology: Implications For Sub-Saharan Africa Author(s): Kym Anderson, Lee Ann Jackson Published July 2004
DP4489	How Elections Matter: Theory and Evidence from Environmental Policy Author(s): John List, Daniel M Sturm Published July 2004
DP4488	Banking Deregulation and Industry Structure: Evidence from the French Banking Reforms of 1985 Author(s): Marianne Bertrand, Antoinette S Schoar, David Thesmar Published July 2004
DP4487	Macroeconomic Effects of Nominal Exchange Rate Regimes: New Insights into the Role of Price Dynamics Author(s): Robert Kollmann Published July 2004
DP4486	A Prism into the PPP Puzzles: The Micro-Foundations of Big Mac Real Exchange Rates Author(s): David Parsley, Shang-Jin Wei Published July 2004
DP4485	Was There A Nasdaq Bubble in the Late 1990s? Author(s): Lubos Pástor, Pietro Veronesi Published July 2004
DP4484	First and Second Prizes in Imperfectly Discriminating Contests Author(s): Stefan Szymanski, Tommaso Valletti Published July 2004
DP4483	Innovation Complimentarity and Scale of Production Author(s): Eugenio J Miravete, Jose C Pernías Published July 2004
DP4482	Business Cycles in Emerging Economies: The Role of Interest Rates Author(s): Pablo Andrés Neumeyer, Fabrizio Perri Published July 2004
DP4481	Benefits and Spillovers of Greater Competition in Europe: A Macroeconomic Assessment Author(s): Tamim Bayoumi, Doug Laxton, Paolo Pesenti Published July 2004
DP4480	Group Decision-Making in the Shadow of Disagreement Author(s): Kfir Eliaz, Debraj Ray, Ronny Razin Published July 2004
DP4479	The Dynamics of R&D and Innovation in the Short-Run and in the Long-Run Author(s): Laura Bottazzi, Giovanni Peri Published July 2004
DP4478	Unmarried Parenthood and Redistributive Politics Author(s): Lena Cecilia Edlund, Laila Haider, Rohini Pande Published July 2004
DP4477	Optimal Integration: Strategies for the Multinational Firm Author(s): Gene M. Grossman, Elhanan Helpman, Adam Szeidl Published July 2004
DP4476	Transparency and International Portfolio Holdings Author(s): Gaston Gelos, Shang-Jin Wei Published July 2004
DP4475	Growth Effects of the Exchange-Rate Regime and the Capital Account Openness in A Crisis-Prone World Market: A Nuanced View Author(s): Assaf Razin, Yona Rubinstein Published July 2004
DP4474	The Buffer-Stock Model and the Aggregate Propensity to Consume: A Panel-Data Study of the US States Author(s): Maria Jose Luengo-Prado, Bent E Sørensen Published July 2004
DP4473	The Economics of US-Style Contingent Fees and UK-Style Conditional Fees Author(s): Winand Emons, Nuno Garoupa Published July 2004
DP4471	Pitfalls of a State-Dominated Financial System: The Case of China Author(s): Genevieve Boyreau-Debray, Shang-Jin Wei Published July 2004
DP4470	Horizontal and Vertical Indirect Tax Competition: Theory and Some Evidence From the USA Author(s): Michael P. Devereux, Ben Lockwood, Michela Redoano Published July 2004
DP4469	Productivity Improvements in Public Organizations Author(s): Hans Gersbach, Marten Keil Published July 2004
DP4468	Testing the Home Market Effect in a Multi-Country World: The Theory Author(s): Kristian Behrens, Andrea Lamorgese, Gianmarco Ottaviano, Takatoshi Tabuchi Published July 2004
DP4467	International Portfolio Holdings and Swiss Franc Asset Returns Author(s): Peter Kugler, Beatrice Weder di Mauro Published July 2004
DP4466	Curb Your Innovation: Corporate Conservatism in the Presence of Imperfect Intellectual Property Rights Author(s): Mariagiovanna Baccara, Ronny Razin Published July 2004
DP4465	Sovereign Risk Premia in the European Bond Market Author(s): Kerstin Bernoth, Ludger Schuknecht, Jürgen von Hagen Published July 2004
DP4464	Fairness and Incentives in a Multi-Task Principle-Agent Model Author(s): Ernst Fehr, Klaus M. Schmidt Published June 2004
DP4463	Asymmetric Shocks and Risk Sharing in a Monetary Union: Updated Evidence and Policy Implications for Europe Author(s): Sebnem Kalemli-Ozcan, Bent E Sørensen, Oved Yosha Published June 2004
DP4462	Quid Pro Quo in IPOs: Why Book-Building is Dominating Auctions Author(s): François Degeorge, Francois Derrien, Kent L Womack Published June 2004
DP4461	The Success of Job Applications: A New Approach to Programme Evaluation Author(s): Armin Falk, Rafael Lalive, Josef Zweimüller Published June 2004
DP4460	Risk Sharing and EMU Author(s): Jacques Melitz Published June 2004
DP4459	Choosing the Joneses: Endogenous Goals and Reference Standards Author(s): Armin Falk, Markus Knell Published June 2004
DP4458	Institutions as the Fundamental Cause of Long-Run Growth Author(s): Daron Acemoglu, Simon Johnson, James A Robinson Published June 2004
DP4457	Characterizing the Business Cycle for Accession Countries Author(s): Michael J Artis, Massimiliano Marcellino, Tommaso Proietti Published June 2004
DP4456	Price Discovery in Tick Time Author(s): Bart Frijns, Peter C Schotman Published June 2004
DP4455	Dynamic Mechanism Design with Hidden Income and Hidden Auctions Author(s): Matthias Doepke, Robert M Townsend Published June 2004
DP4454	General Equilibrium Effects and Voting into a Crisis Author(s): Hans-Jörg Beilharz, Hans Gersbach Published June 2004
DP4453	Credit Rationing and Crowding-Out During the Industrial Revolution: Evidence from Hoare's Bank, 1702-1862 Author(s): Peter Temin, Hans-Joachim Voth Published June 2004
DP4452	Financial Repression in a Natural Experiment: Loan Allocation and the Change in the Usury Laws in 1714 Author(s): Peter Temin, Hans-Joachim Voth Published June 2004
DP4451	Earnings Inequality and the Business Cycle Author(s): Gadi Barlevy, Daniel Tsiddon Published June 2004
DP4450	Winners and Losers Under Various Dual Majority Rules for the EU Council of Ministers Author(s): Richard Baldwin, Mika Widgrén Published June 2004
DP4449	Privatization and Stock Market Liquidity Author(s): Bernardo Bortolotti, Frank de Jong, Giovanna Nicodano, Ibolya Schindele Published June 2004
DP4448	Investor Sentiment and Pre-Issue Markets Author(s): Francesca Cornelli, David Goldreich, Alexander P. Ljungqvist Published June 2004
DP4447	The Case for Open-Market Purchases in a Liquidity Trap Author(s): Alan J Auerbach, Maurice Obstfeld Published June 2004
DP4445	Quantitative Goals for Monetary Policy Author(s): Antonio Fatás, Ilian Mihov, Andrew K Rose Published June 2004
DP4444	Preferences for Rigid Versus Individualized Wage Setting Author(s): Tito Boeri, Michael C Burda Published June 2004
DP4443	The Education, Labour Market and Health Consequences of Child Labour Author(s): Kathleen Beegle, Rajeev H Dehejia, Roberta Gatti Published May 2004
DP4442	Trade in the Triad: How Easy is the Access to Large Markets? Author(s): Lionel Fontagne, Thierry Mayer, Soledad Zignago Published June 2004
DP4441	Economic Integration and Agglomeration in a Middle Product Economy Author(s): Shin-Kun Peng, Jacques-François Thisse, Ping Wang Published August 2004
DP4440	Trade Costs versus Urban Costs Author(s): Jean Cavailhès, Carl Gaigné, Jacques-François Thisse Published August 2004
DP4439	Regulated Efficiency, World Trade Organization Accession and the Motor Vehicle Sector in China Author(s): Joseph Francois, Dean Spinanger Published June 2004
DP4438	Cities and Cultures Author(s): Gianmarco Ottaviano, Giovanni Peri Published June 2004
DP4437	Are Different Rules of Origin Equally Costly? Estimates from NAFTA Author(s): Céline Carrère, Jaime de Melo Published June 2004
DP4436	Trade Policy and the Household Distribution of Income Author(s): Joseph Francois, Hugo Rojas-Romagosa Published June 2004
DP4435	Reversing the Perspective: Multinationals from Middle-Income Countries Author(s): Peter Debaere Published June 2004
DP4434	Product Market Competition, Returns to Skill and Wage Inequality Author(s): Maria Guadalupe Published June 2004
DP4433	Monetary Union: Fiscal Stabilization In The Face of Asymmetric Shocks Author(s): Tatiana Kirsanova, Mathan Satchi, David Vines Published June 2004
DP4432	Estimating the Gains From Trade in Limit Order Markets Author(s): Burton Hollifield, Robert A. Miller, Patrik Sandås, Joshua Slive Published June 2004
DP4431	Relative and Absolute Incentives: Evidence on Worker Productivity Author(s): Oriana Bandiera, Iwan Barankay, Imran Rasul Published June 2004
DP4430	Heterogenous Wage Formation Under A Common Monetary Policy Author(s): Torben M Andersen Published June 2004
DP4429	Spurious Growth in German Output Data, 1913-1938 Author(s): Albrecht Ritschl Published June 2004
DP4428	Technology, Organization and Productivity in Services: Lessons from Britain and the United States Since 1870 Author(s): Stephen N Broadberry, Sayantan Ghosal Published June 2004
DP4427	Macroeconomic Consequences of Terror: Theory and the Case of Israel Author(s): Zvi Eckstein, Daniel Tsiddon Published June 2004
DP4426	Technology Shocks and Job Flows Author(s): Jose David Lopez-Salido, Claudio Michelacci Published June 2004
DP4425	Executive Compensation and Competition in the Banking and Financial Sectors Author(s): Vicente Cuñat, Maria Guadalupe Published June 2004
DP4424	Is Deposit Insurance A Good Thing, And If So, Who Should Pay for It? Author(s): Alan Morrison, Lucy White Published June 2004
DP4423	A Decision-Theoretic Basis for Choice Shifts in Groups Author(s): Kfir Eliaz, Debraj Ray, Ronny Razin Published June 2004
DP4422	Spanning Tests in Return and Stochastic Discount Factor Mean Variance Frontiers: A Unifying Approach Author(s): Francisco Peñaranda, Enrique Sentana Published June 2004
DP4421	Who's Who in Crime Networks: Wanted - The Key Player Author(s): Coralio Ballester, Antoni Calvó-Armengol, Yves Zenou Published June 2004
DP4420	Markets in China and Europe on the Eve of the Industrial Revolution Author(s): Wolfgang Keller, Carol Hua Shiue Published June 2004
DP4419	From Thought to Practice: Appropriation and Endogenous Market Structure with Imperfect Intellectual Property Rights Author(s): Mariagiovanna Baccara, Ronny Razin Published June 2004
DP4418	Institutions, Trade Policy and Trade Flows Author(s): Marion Jansen, Hildegunn Kyvik Nordås Published June 2004
DP4417	Does Regulatory Harmonization Increase Bilateral Asset Holdings? Author(s): Jonas Vlachos Published June 2004
DP4416	Why Was Europe Left at the Station when America's Productivity Locomotive Departed? Author(s): Robert J Gordon Published June 2004
DP4415	Two Centuries of Economic Growth: Europe Chasing the American Frontier Author(s): Robert J Gordon Published June 2004
DP4414	Five Puzzles in the Behaviour of Productivity, Investment and Innovation Author(s): Robert J Gordon Published June 2004
DP4413	Managing Volatility in Transition Economies: The Experience of the Central and Eastern European Countries Author(s): Fabrizio Coricelli, Elena Ianchovichina Published June 2004
DP4412	Economic and Environmental Effectiveness of a Technology-based Protocol Author(s): Barbara Buchner, Carlo Carraro Published June 2004
DP4411	Changes in Equity Ownership and Changes in the Market Value of the Firm Author(s): Karl Lins, John J. McConnell, Henri Servaes Published June 2004
DP4410	Robin Hood's Compromise: Land Reforms, Inequality, Redistribution and Moral Hazard Author(s): Oriana Bandiera, Gilat Levy Published June 2004
DP4409	Does the Length of the Period Really Matter for the Identification and the Modelling of Monetary Policy Shocks? Author(s): Clémentine Gallès, Franck Portier Published June 2004
DP4408	Central Bank Communication and Output Stabilization Author(s): Sylvester C W Eijffinger, Marco Hoeberichts, Mewael F. Tesfaselassie Published June 2004
DP4407	A Small Corner of Intertemporal Public Finance - New Developments in Monetary Economics: Two Ghosts, Two Eccentricities, a Fallacy, a Mirage and a Mythos Author(s): Willem H. Buiter Published June 2004
DP4406	Globalization, Roundaboutness and Relative Wages Author(s): Joseph Francois, Kevin Blaine Grier, Douglas Nelson Published June 2004
DP4405	Bargained Wages, Wage Drift and the Design of the Wage-Setting System Author(s): Ana Rute Cardoso, Pedro Portugal Published June 2004
DP4404	Constitutions and Commitment: Evidence on the Relation Between Institutions and the Cost of Capital Author(s): Nathan Sussman, Yishay Yafeh Published June 2004
DP4403	Japan's Banking Crisis: Who Has the Most to Lose? Author(s): Hideaki Miyajima, Yishay Yafeh Published June 2004
DP4402	Real Time Econometrics Author(s): M Hashem Pesaran, Allan Timmermann Published June 2004
DP4401	Small Sample Properties of Forecasts From Autoregressive Models Under Structural Breaks Author(s): M Hashem Pesaran, Allan Timmermann Published June 2004
DP4400	Shareholder Value Creation in European M&As Author(s): José Manuel Campa, Ignacio Hernando Published June 2004
DP4399	On the Efficacy of Reforms: Policy Tinkering, Institutional Change and Entrepreneurship Author(s): Murat Iyigun, Dani Rodrik Published June 2004
DP4398	Flexible Majority Rules for Central Banks Author(s): Hans Gersbach, Bernhard Pachl Published May 2004
DP4397	Speed and Quality of Collective Decision-Making II: Incentives for Information Provision Author(s): Hans Peter Grüner, Elisabeth Schulte Published April 2004
DP4396	Job Search and Hyperbolic Discounting: Structural Estimation and Policy Evaluation Author(s): M. Daniele Paserman Published May 2004
DP4395	Financial Market Integration and Economic Growth in the EU Author(s): Luigi Guiso, Tullio Jappelli, Mario Padula, Marco Pagano Published June 2004
DP4394	What Triggers Early Retirement? Results from Swiss Pension Funds Author(s): Monika Bütler, Olivia Huguenin, Federica Teppa Published May 2004
DP4393	Multidimensional Cheap Talk Author(s): Gilat Levy, Ronny Razin Published May 2004
DP4392	Subadditivity Tests for Network Separation with an Application to US Railroads Author(s): Marc Ivaldi, Gerard McCullough Published May 2004
DP4391	Exchange Rate Pass-Through into Import Prices Author(s): José Manuel Campa, Linda S. Goldberg Published May 2004
DP4390	Sources of Gains from International Portfolio Diversification Author(s): José Manuel Campa, Nuno Fernandes Published May 2004
DP4389	Differences in Exchange Rate Pass-Through in the Euro Area Author(s): José Manuel Campa, Jose Manuel González Mìnguez Published May 2004
DP4388	Non-Keynesian Fiscal Consolidation in the EU? Ex Post Evidence and Ex Ante Analysis Author(s): Gabriele Giudice, Alessandro Antonio Turrini, Jan in't Veld Published May 2004
DP4387	Dualism and Aggregate Productivity Author(s): Jonathan Temple Published May 2004
DP4386	Ramsey Monetary Policy and International Relative Prices Author(s): Ester Faia, Tommaso Monacelli Published May 2004
DP4385	Inflation in Open Economies with Complete Markets Author(s): Marco Celentani, José Ignacio Conde-Ruiz, Klaus Desmet Published May 2004
DP4384	The Stabilizing Role of Government Size Author(s): Javier Andrés, Rafael Doménech, Antonio Fatás Published May 2004
DP4383	International Lending of Last Resort and Moral Hazard: A Model of the IMF's Catalytic Finance Author(s): Giancarlo Corsetti, Bernardo Guimarães, Nouriel Roubini Published May 2004
DP4382	Preliminary Data and Econometric Forecasting: An Application with the Bank of Italy Quarterly Model Author(s): Fabio Busetti Published May 2004
DP4381	Targeted Remedial Education for Underperforming Teenagers: Costs and Benefits Author(s): Victor Lavy, Analia Schlosser Published May 2004
DP4380	Asset Prices and International Spillovers: An Empirical Investigation Author(s): Lucio Sarno, Giorgio Valente Published May 2004
DP4379	Dismissal Protection and Worker Flows in Small Establishments Author(s): Thomas Bauer, Stefan Bender, Holger Bonin Published May 2004
DP4378	Trust and Trustworthiness Among Europeans: South-North Comparison Author(s): Fabian Bornhorst, Andrea Ichino, Karl Schlag, Eyal Winter Published May 2004
DP4377	Towards a Monthly Business Cycle Chronology for the Euro Area Author(s): Emanuel Mönch, Harald Uhlig Published May 2004
DP4376	Inflation Targeting and Debt: Lessons from Brazil Author(s): Carlo A. Favero, Francesco Giavazzi Published May 2004
DP4375	Chinese Currency Controversies Author(s): Barry Eichengreen Published May 2004
DP4374	How Private Creditors Fared in Emerging Debt Markets, 1970-2000 Author(s): Christoph Klingen, Beatrice Weder di Mauro, Jeromin Zettelmeyer Published May 2004
DP4373	Anti-Trust Policy and National Growth: Some Evidence from Italy Author(s): Elisabetta Allegra, Mario Forni, Michele Grillo, Lara Magnani Published May 2004
DP4372	The Macroeconomic Effects of Fiscal Rules in the US States Author(s): Antonio Fatás, Ilian Mihov Published April 2004
DP4371	From 'Hindu Growth' to Productivity Surge: The Mystery of the Indian Growth Transition Author(s): Dani Rodrik, Arvind Subramanian Published April 2004
DP4370	A Simple Model of Optimal Monetary Policy with Financial Constraints Author(s): Michael B Devereux, Doris Poon Published April 2004
DP4369	Innovation and Competitive Pressure Author(s): Xavier Vives Published April 2004
DP4368	Country and Industry Dynamics in Stock Returns Author(s): Luís A. V. Catão, Allan Timmermann Published April 2004
DP4367	Bidding and Performance in Repo Auctions: Evidence from ECB Open Market Operations Author(s): Ulrich Bindseil, Kjell G Nyborg, Ilya Strebulaev Published April 2004
DP4366	Business Environment and Firm Entry: Evidence from International Data Author(s): Leora Klapper, Luc Laeven, Raghuram G Rajan Published April 2004
DP4365	Exchange Rates and Fundamentals: Evidence on the Economic Value of Predictability Author(s): Abhay Abhyankar, Lucio Sarno, Giorgio Valente Published April 2004
DP4364	Crises and Capital Requirements in Banking Author(s): Alan Morrison, Lucy White Published April 2004
DP4363	Underpricing and Market Power in Uniform Price Auctions Author(s): Ilan Kremer, Kjell G Nyborg Published April 2004
DP4362	The Paradox of Competence Author(s): Hans Gersbach Published April 2004
DP4361	How to Subvert Democracy: Montesinos in Peru Author(s): John McMillan, Paolo Zoido Published April 2004
DP4360	Why are Long Rates Sensitive to Monetary Policy? Author(s): Tore Ellingsen, Ulf Söderström Published April 2004
DP4359	Reuters News Reports versus Official Interventions: The Inaccuracy of Reuters Reports for Swiss Interventions Author(s): Andreas M Fischer Published April 2004
DP4358	A Nation of Poets and Thinkers - Less so with Eastern Enlargement? Austria and Germany Author(s): Dalia Marin Published March 2004
DP4357	Part-Time Employment Traps and Childcare Policy Author(s): Alison L Booth, Melvyn G Coles Published April 2004
DP4356	What Explains the Location of Industry in Britain, 1871-1931 Author(s): Nicholas Crafts, Abay Mulatu Published April 2004
DP4355	Wage Mobility: Do Institutions Make a Difference? A Replication Study Comparing Portugal and the UK Author(s): Ana Rute Cardoso Published April 2004
DP4354	Can Private Giving Promote Economic Segregation? Author(s): Ignatius J Horstmann, Kimberley Scharf, Al Slivinski Published April 2004
DP4353	Monetary Sovereignty, Exchange Rates, and Capital Controls: The Trilemma in the Interwar Period Author(s): Maurice Obstfeld, Jay C Shambaugh, Alan M. Taylor Published April 2004
DP4352	The Trilemma in History: Trade-offs Among Exchange Rates, Monetary Policies and Capital Mobility Author(s): Maurice Obstfeld, Jay C Shambaugh, Alan M. Taylor Published April 2004
DP4351	Fire the Manager to Improve Performance? Managerial Turnover and Incentives After Privatization in the Czech Republic Author(s): Jan Fidrmuc, Jana Fidrmuc Published April 2004
DP4350	Does Market Liberalization Reduce Gender Discrimination? Econometric Evidence from Hungary, 1986-98 Author(s): Nauro F. Campos, Dean Jolliffe Published April 2004
DP4349	The Mirage of Convergence: Why Poor Countries May Only Seem to Be Closing the Income Gap Author(s): Randall K Filer, Dana Hajkova, Jan Hanousek Published April 2004
DP4348	Financial Institutions and the Wealth of Nations: Tales of Development Author(s): Jian Tong, Chenggang Xu Published April 2004
DP4347	Rule-of-Thumb Consumers and the Design of Interest Rate Rules Author(s): Jordi Galí, Jose David Lopez-Salido, Javier Vallés Liberal Published April 2004
DP4346	The Impact of Globalization on the Equity Cost of Capital Author(s): Gikas A Hardouvelis, Dimitrios Malliaropoulos, Richard Priestley Published April 2004
DP4345	The Dynamics of Seller Reputation: Theory and Evidence from eBay Author(s): Luís M B Cabral, Ali Hortaçsu Published April 2004
DP4344	Manipulations in Contests Author(s): Chen Cohen, Aner Sela Published April 2004
DP4343	A Minimum of Rivalry: Evidence from Transition Economies on the Importance of Competition for Innovation and Growth Author(s): Wendy Carlin, Mark E Schaffer, Paul Seabright Published April 2004
DP4342	To Purgatory and Beyond: When and How Should the Accession Countries from Central and Eastern Europe Become Full Members of EMU? Author(s): Willem H. Buiter Published April 2004
DP4340	Market Stress and Herding Author(s): Soosung Hwang, Mark Salmon Published April 2004
DP4339	Are Foreign Ownership and Good Institutions Substitutes? The Case of Non-Traded Equity Author(s): Cecile Denis, Harry Huizinga Published April 2004
DP4338	Fundamentals and Joint Currency Crises Author(s): Casper G de Vries, Philipp Hartmann, Stefan Straetmans Published March 2004
DP4337	Money and the Natural Rate of Interest: Structural Estimates for the UK, the US and the euro area Author(s): Javier Andrés, J David López-Salido, Edward Nelson Published March 2004
DP4336	Tobin's Imperfect Asset Substitution in Optimizing General Equilibrium Author(s): Javier Andrés, J David López-Salido, Edward Nelson Published March 2004
DP4335	The Real Effects of Financial Integration Author(s): Jean Imbs Published March 2004
DP4334	Optimal Simple and Implementable Monetary and Fiscal Rules Author(s): Stephanie Schmitt-Grohé, Martín Uribe Published March 2004
DP4333	Bagging Time Series Models Author(s): Atsushi Inoue, Lutz Kilian Published March 2004
DP4332	The Impact of Location on Firm Growth Author(s): David B Audretsch, Dirk Dohse Published March 2004
DP4331	Asymptotic Analysis of Large Auctions Author(s): Gadi Fibich, Arieh Gavious, Aner Sela Published March 2004
DP4330	A New Way to Measure Competition Author(s): Jan Boone Published March 2004
DP4329	The Determinants of Output Per Contributor in Open Source Projects: An Empirical Examination Author(s): Chaim Fershtman, Neil Gandal Published March 2004
DP4328	Why are European Countries Diverging in their Unemployment Experience? Author(s): Gilles Saint-Paul Published March 2004
DP4327	Did European Labour Markets Become More Competitive in the 1990's? Evidence from Estimated Worker Rents Author(s): Gilles Saint-Paul Published March 2004
DP4326	The Structure of Simple 'New Economic Geography' Models Author(s): Frédéric Robert-Nicoud Published March 2004
DP4325	Cross-Border Mergers as Instruments of Comparative Advantage Author(s): J Peter Neary Published March 2004
DP4324	Welfare Reform in European Countries: A Micro-Simulation Analysis Author(s): Herwig Immervoll, Henrik Kleven, Claus T. Kreiner, Emmanuel Saez Published March 2004
DP4323	Location Choices under Quality Uncertainty Author(s): Charalambos Christou, Nikolaos Vettas Published March 2004
DP4322	Continuous Preferences Can Cause Discontinuous Choices: An Application to the Impact of Incentives on Altruism Author(s): Paul Seabright Published March 2004
DP4321	Regional Policy Design: An Analysis of Relocation, Efficiency and Equity Author(s): Karen-Helene Ulltveit-Moe Published March 2004
DP4320	Spillover Effects, Bank Lending and Growth Author(s): Sumru G. Altug, Murat Usman Published March 2004
DP4319	Railway (De)Regulation: A European Efficiency Comparison Author(s): Guido Friebel, Marc Ivaldi, Catherine Vibes Published March 2004
DP4318	Regulation and Incentives in European Aviation Author(s): Philippe Gagnepain, Pedro Luis Marín Uribe Published March 2004
DP4317	Global Monetary Policy Under a Dollar Standard Author(s): Michael B Devereux, Kang Shi, Juanyi Xu Published March 2004
DP4315	Dynamic Price Competition with Capacity Constraints and Strategic Buyers Author(s): Gary Biglaiser, Nikolaos Vettas Published March 2004
DP4314	The Yield Spread as a Symmetric Predictor of Output and Inflation Author(s): Gikas A Hardouvelis, Dimitrios Malliaropoulos Published March 2004
DP4313	Lobbying, Information Transmission and Unequal Representation Author(s): Lars Frisell, Johan N. M. Lagerlöf Published March 2004
DP4312	Trade and Multinationals: The Effect of Economic Integration on Taxation and Tax Revenue Author(s): Hans Jarle Kind, Guttorm Schjelderup, Karen-Helene Ulltveit-Moe Published March 2004
DP4311	International Vertical Specializations, Imperfect Competition and Welfare Author(s): Ai Ting Goh, Jacques Olivier Published March 2004
DP4310	Market Integration and Economic Development: A Long-Run Comparison Author(s): Wolfgang Keller, Carol Hua Shiue Published March 2004
DP4309	International Trade and Child Labour: Cross-Country Evidence Author(s): Eric V Edmonds, Nina Pavcnik Published March 2004
DP4308	Social Contacts and Occupational Choice Author(s): Samuel Bentolila, Claudio Michelacci, Javier Suarez Published March 2004
DP4307	Gender Gaps in Unemployment Rates in OECD Countries Author(s): Ghazala Y. Azmat, Maia Güell, Alan Manning Published March 2004
DP4306	Tournaments: There Is More Than Meets the Eye Author(s): Gil S Epstein, Shmuel Nitzan Published March 2004
DP4305	Smuggling Humans: A Theory of Debt-Financed Migration Author(s): Guido Friebel, Sergei Guriev Published March 2004
DP4304	Regional Treatment Intensity as an Instrument for the Evaluation of Labour Market Policies Author(s): Markus Fröhlich, Michael Lechner Published March 2004
DP4303	Gender Segregation in Employment Contracts Author(s): Barbara Petrongolo Published March 2004
DP4302	Cross-Sectional Heterogeneity and the Persistence of Aggregate Fluctuations Author(s): Claudio Michelacci Published March 2004
DP4301	Financial Factors, Macroeconomic Information and the Expectations Theory of the Term Structure of Interest Rates Author(s): Andrea Carriero, Carlo A. Favero, Iryna Kaminska Published March 2004
DP4300	The Expenditure Switching Effect and the Choice Between Fixed and Floating Exchange Rates Author(s): Ozge Senay, Alan Sutherland Published March 2004
DP4299	Emissions Trading Regimes and Incentives to Participate in International Climate Agreements Author(s): Barbara Buchner, Carlo Carraro Published March 2004
DP4298	Experiments on Unemployment Benefit Sanctions and Job Search Behaviour Author(s): Jan Boone, Abdolkarim Sadrieh, Jan C. van Ours Published March 2004
DP4297	Political Influence in a New Anti-Dumping Regime: Evidence from Mexico Author(s): Joseph Francois, Gunnar Niels Published March 2004
DP4296	The Cross-Sectional Implications of Rising Wage Inequality in the United States Author(s): Jonathan Heathcote, Kjetil Storesletten, Giovanni L. Violante Published March 2004
DP4295	Aggregate Supply and Potential Output Author(s): Assaf Razin Published March 2004
DP4294	Timeliness, Trade and Agglomeration Author(s): James Harrigan, Anthony Venables Published March 2004
DP4293	Public Debt Management in Brazil Author(s): Francesco Giavazzi, Alessandro Missale Published March 2004
DP4292	Private Donations for International Development Author(s): John Micklewright, Anna Wright Published March 2004
DP4291	Privatization Methods and Economic Growth in Transition Economies Author(s): John Bennett, Saul Estrin, James Maw, Giovanni Urga Published March 2004
DP4290	Investment Prices and Exchange Rates: Some Basic Facts Author(s): Ariel Tomas Burstein, Joao C Neves, Sérgio Rebelo Published March 2004
DP4289	Are There Asymmetries in the Effects of Training on the Conditional Male Wage Distribution? Author(s): Wiji Arulampalam, Alison L Booth, Mark L Bryan Published March 2004
DP4288	Calvo Contracts: A Critique Author(s): Patrick Minford, David Peel Published March 2004
DP4287	Multiple Lenders and Corporate Distress: Evidence on Debt Restructuring Author(s): Antje Brunner, Jan Pieter Krahnen Published March 2004
DP4285	Trading European Sovereign Bonds: The Microstructure of the MTS Trading Platforms Author(s): Yiu Chung Cheung, Frank de Jong, Barbara Rindi Published March 2004
DP4284	Investments Abroad and Performance at Home: Evidence from Italian Multinationals Author(s): Giorgio Barba Navaretti, Davide Castellani Published March 2004
DP4283	Money Illusion and Coordination Failure Author(s): Ernst Fehr, Jean-Robert Tyran Published March 2004
DP4281	Endogenous Minimum Participation in International Environmental Treaties Author(s): Carlo Carraro, Carmen Marchiori, Sonia Oreffice Published March 2004
DP4280	Dealing with Destabilizing 'Market Discipline' Author(s): Daniel Cohen, Richard Portes Published February 2004
DP4279	Heterogenous Information About the Term Structure of Interest Rates, Least-Squares Learning and Optimal Interest Rate Rules Author(s): Sylvester C W Eijffinger, Eric Schaling, Mewael F. Tesfaselassie Published March 2004
DP4278	Multiple Creditors and Information Rights: Theory and Evidence from US Firms Author(s): Luigi Guiso, Raoul Minetti Published March 2004
DP4277	Structure and Returns to Scale of Real-Time Hierarchical Resource Allocation Author(s): Timothy Van Zandt Published March 2004
DP4276	Balancedness of Real-Time Hierarchical Resource Allocation Author(s): Timothy Van Zandt Published March 2004
DP4275	Ex Post Inefficiency in a Political Agency Model Author(s): Georges Casamatta, Caroline De Paoli Published February 2004
DP4274	The Demand for High-Skilled Workers and Immigration Policy Author(s): Thomas Bauer, Astrid Kunze Published February 2004
DP4273	Who is in Favour of Enlargement? Determinants of Support for EU Membership in the Candidate Countries Referenda Author(s): Orla Doyle, Jan Fidrmuc Published February 2004
DP4272	Term Limits and Electoral Accountability Author(s): Michael Smart, Daniel M Sturm Published February 2004
DP4271	Real and Nominal Wage Rigidities and the Rate of Inflation: Evidence from West German Microdata Author(s): Thomas Bauer, Holger Bonin, Uwe Sunde Published February 2004
DP4270	When do 'Female' Occupations Pay More? Author(s): Heike Harmgart, Stepan Jurajda Published February 2004
DP4269	Deep Habits Author(s): Morten O Ravn, Stephanie Schmitt-Grohé, Martín Uribe Published February 2004
DP4268	A Scapegoat Model of Exchange Rate Fluctuations Author(s): Philippe Bacchetta, Eric van Wincoop Published February 2004
DP4267	Federal Tax Arrears in Russia: Liquidity Problems, Federal Redistribution or Russian Resistance? Author(s): Maria Ponomareva, Ekaterina Zhuravskaya Published February 2004
DP4266	Extensive and Intensive Growth in a Neoclassical Framework Author(s): Andreas Irmen Published February 2004
DP4265	Credit Risk Transfer and Financial Sector Performance Author(s): Ian W Marsh, Wolf Wagner Published February 2004
DP4264	Reserve Prices in Auctions as Reference Points Author(s): Stephanie Rosenkranz, Patrick W. Schmitz Published February 2004
DP4263	Can Coasean Bargaining Justify Pigouvian Taxation? Author(s): Stephanie Rosenkranz, Patrick W. Schmitz Published February 2004
DP4262	Specific Knowledge and Performance Measurement Author(s): Michael Raith Published February 2004
DP4261	Competition of Politicians for Wages and Office Author(s): Hans Gersbach Published February 2004
DP4260	Bank Mergers, Competition and Liquidity Author(s): Elena Carletti, Philipp Hartmann, Giancarlo Spagnolo Published February 2004
DP4259	The Geography of UK International Trade Author(s): Henry G Overman, L. Alan Winters Published February 2004
DP4258	Occupational Choice Across Generations Author(s): Amelie Constant, Klaus F Zimmermann Published February 2004
DP4257	Policy Instrument Choice and non-coordinated Monetary Policy in Interdependent Economies Author(s): Giovanni Lombardo, Alan Sutherland Published February 2004
DP4256	Asset Prices with Heterogenous Beliefs Author(s): Suleyman Basak Published February 2004
DP4255	How Often Should you Open the Door? Optimal Monitoring to Screen Heterogeneous Agents Author(s): Andrea Ichino, Gerd Muehlheusser Published February 2004
DP4254	Fiscal Policy with Agents Differing in Altruism and in Ability Author(s): Philippe Michel, Pierre Pestieau Published February 2004
DP4253	Social Insurance and Redistribution with Moral Hazard and Adverse Selection Author(s): Robin Boadway, Manuel Leite-Monteiro, Maurice G. Marchand, Pierre Pestieau Published February 2004
DP4252	Bureaucrats or Politicians? Author(s): Alberto F Alesina, Guido Tabellini Published February 2004
DP4251	International Monetary Policy Coordination and Financial Market Integration Author(s): Alan Sutherland Published February 2004
DP4250	Informational Efficiency of Credit Default Swap and Stock Markets: The Impact of Credit Rating Announcements Author(s): Lars Norden, Martin Weber Published February 2004
DP4249	Go For Broke or Play it Safe? Dynamic Competition with Choice of Variance Author(s): Axel Anderson, Luís M B Cabral Published February 2004
DP4248	Old Sins: Exchange Rate Clauses and European Foreign Lending in the 19th Century Author(s): Marc Flandreau, Nathan Sussman Published February 2004
DP4247	Monetary Policy and Lexicographic Preference Ordering Author(s): John Driffill, Zeno Rotondi Published February 2004
DP4246	Does the WTO Make Trade More Stable? Author(s): Andrew K Rose Published February 2004
DP4245	Easy Targets and the Timing of Conflict Author(s): Helmut Bester, Kai A. Konrad Published February 2004
DP4244	The HP-Filter in Cross-Country Comparisons Author(s): Albert Marcet, Morten O Ravn Published February 2004
DP4243	Unemployment in the EU: Institutions, Prices and Growth Author(s): Marika Karanassou, Hector Sala, Dennis J. Snower Published February 2004
DP4242	The Firm as a Pool of Factor Complementarities Author(s): Assar Lindbeck, Dennis J. Snower Published February 2004
DP4241	On-the-Job Training, Firing Costs and Employment Author(s): Pilar Diaz-Vazquez, Dennis J. Snower Published February 2004
DP4240	Spatial Wage Disparities: Sorting Matters! Author(s): Pierre-Philippe Combes, Gilles Duranton, Laurent Gobillon Published February 2004
DP4239	A New Test of Capital Structure Author(s): Colin Mayer, Oren Sussman Published February 2004
DP4238	Creative Destruction and Productivity Growth in an Emerging Economy: Evidence from Slovenian Manufacturing Author(s): Jan De Loecker, Jozef Konings Published February 2004
DP4237	Are all those Calling Plans Really Necessary? The Limited Gains From Complex Tariffs Author(s): Eugenio J Miravete Published February 2004
DP4236	Retail Mergers: Buyer Power and Product Variety Author(s): Roman Inderst, Greg Shaffer Published February 2004
DP4235	Should One Rely on Professional Exchange Rate Forecasts? An Empirical Analysis of Professional Forecasts for the ?/US$ Rate Author(s): Peter Bofinger, Robert Schmidt Published February 2004
DP4234	Economic Geography and Wages Author(s): Mary Amiti, Lisa Cameron Published February 2004
DP4233	The Economic Value of Cultural Diversity: Evidence from US Cities Author(s): Gianmarco Ottaviano, Giovanni Peri Published February 2004
DP4232	Regulation of Multinational banks: A Theoretical Inquiry Author(s): Giacomo Calzolari, Gyöngyi Lóránth Published February 2004
DP4231	Overconfidence and Delegated Portfolio Management Author(s): Frédéric Palomino, Abdolkarim Sadrieh Published February 2004
DP4230	Biases of Professional Exchange Rate Forecasts: Psychological Explanations and an Experimentally-Based Comparison to Novices Author(s): Peter Bofinger, Johannes Leitner, Robert Schmidt Published February 2004
DP4229	Implementing Optimal Policy Through Inflation-Forecast Targeting Author(s): Lars E.O. Svensson, Michael Woodford Published February 2004
DP4228	Circular Movements and Time Away From the Host Country Author(s): Amelie Constant, Klaus F Zimmermann Published February 2004
DP4227	The Choice of Exchange Rate Regime in Developing Countries: A Multinational Panel Analysis Author(s): Jürgen von Hagen, Jizhong Zhou Published February 2004
DP4226	How do Electoral Rules Shape Party Structures, Government Coalitions and Economic Policies? Author(s): Torsten Persson, Gérard Roland, Guido Tabellini Published February 2004
DP4225	Creating Low-Skilled Jobs by Subsidising Market-Contracted Household Work Author(s): Tilman Brück, John P Haisken-DeNew, Klaus F Zimmermann Published February 2004
DP4223	The Effect of Disability on Labour Market Outcomes in Germany: Evidence from Matching Author(s): Michael Lechner, Rosalia Vazquez-Alvarez Published February 2004
DP4222	Prudent Monetary Policy: Applications of Cautious LQG Control and Prediction Author(s): Frederick van der Ploeg Published February 2004
DP4221	Riding the South Sea Bubble Author(s): Peter Temin, Hans-Joachim Voth Published January 2004
DP4220	Improving the SGP Through a Proper Accounting of Public Investment Author(s): Olivier J Blanchard, Francesco Giavazzi Published February 2004
DP4219	Go Public or Stay Private: A Theory of Entrepreneurial Choice Author(s): Arnoud W A Boot, Radhakrishnan Gopalan, Anjan Thakor Published February 2004
DP4218	Optimal Policy with Low-Probability Extreme Events Author(s): Lars E.O. Svensson Published February 2004
DP4217	Aggregate Supply and Potential Output Author(s): Assaf Razin Published January 2004
DP4216	Effects of Employment Protection and Product Market Regulations on the Italian Labour Market Author(s): Adriana D. Kugler, Giovanni Pica Published February 2004
DP4215	After, Before and During: Returns to Education in Hungary (1986-1998) Author(s): Nauro F. Campos, Dean Jolliffe Published February 2004
DP4214	Working for God? Author(s): Ritva Reinikka, Jakob Svensson Published January 2004
DP4213	Relative Wage Variation and Industry Location Author(s): Andrew B. Bernard, Stephen J. Redding, Peter K. Schott, Helen Simpson Published January 2004
DP4212	The Integration of EU Banking Markets Author(s): Jordi Gual Published January 2004
DP4211	Do Rural Banks Matter? Evidence from the Indian Social Banking Experiment Author(s): Robin Burgess, Rohini Pande Published January 2004
DP4210	Viable Taxation Author(s): Carlo Perroni, Kimberley Scharf Published January 2004
DP4209	Generational Accounting, Solidarity and Pension Losses Author(s): Casper G de Vries, Coen N Teulings Published January 2004
DP4208	Competitive Risk Sharing Contracts with One-Sided Commitment Author(s): Dirk Krueger, Harald Uhlig Published January 2004
DP4207	What Makes an Entrepreneur and Does it Pay? Native Men, Turks and Other Migrants in Germany Author(s): Amelie Constant, Yochanan Shachmurove, Klaus F Zimmermann Published January 2004
DP4206	The U-Shaped Investment Curve: Theory and Evidence Author(s): Sean Cleary, Paul E M Povel, Michael Raith Published January 2004
DP4205	Codes in Organizations Author(s): Jacques Crémer, Luis Garicano, Andrea Prat Published January 2004
DP4204	Which Countries Export FDI, and How Much? Author(s): Assaf Razin, Yona Rubinstein, Efraim Sadka Published January 2004
DP4203	Gender Wage Gaps by Education in Spain: Glass Floors versus Glass Ceilings Author(s): Juan J. Dolado, Vanesa Llorens Published January 2004
DP4202	Helicopter Money: Irredeemable Fiat Money and the Liquidity Trap Author(s): Willem H. Buiter Published January 2004
DP4201	Intergenerational Transfer of Human Capital and Optimal Education Policy Author(s): Helmuth Cremer, Pierre Pestieau Published January 2004
DP4200	Individual Mortality and Macroeconomic Conditions from Birth to Death Author(s): Gerard van den Berg, Maarten Lindeboom, France Portrait Published January 2004
DP4199	Empirical Labour Search: A Survey Author(s): Gerard van den Berg, Zvi Eckstein Published January 2004
DP4198	Does the Market Provide Sufficient Employment Protection? Author(s): Roberto Burguet, Ramon Caminal Published January 2004
DP4197	Should Courts Always Enforce What Contracting Parties Write? Author(s): Luca Anderlini, Leonardo Felli, Andrew Postlewaite Published January 2004
DP4196	Will China's WTO Accession Worsen Rural Poverty? Author(s): Kym Anderson, Jikun Huang, Elena Ianchovichina Published January 2004
DP4195	Golden Rice and the Looming GMO Trade Debate: Implications for the Poor Author(s): Kym Anderson, Chantal Pohl Nielsen Published January 2004
DP4194	Enterprise Finance and Investment in Listed Hungarian Firms Author(s): Enrico C Perotti, Luka Vesnaver Published January 2004
DP4193	Labour Market Frictions, Job Insecurity and the Flexibility of the Employment Relationship Author(s): Niko Matouschek, Paolo Ramezzana, Frédéric Robert-Nicoud Published January 2004
DP4192	Do Shareholders vote Strategically? Evidence on the Advisory Role of Annual General Meetings Author(s): Ernst Maug, Kristian Rydqvist Published January 2004
DP4191	A Heliocentric Journey into Germany's Great Depression Author(s): Mark Weder Published January 2004
DP4190	Optimal Dynamic Taxation with Indivisible Labour Author(s): Parantap Basu, Laura Marsiliani, Thomas I Renström Published January 2004
DP4189	Charitable Giving as a Gift Exchange: Evidence From a Field Experiment Author(s): Armin Falk Published January 2004
DP4188	Political Bargaining in a Federation: Buchanan meets Coase Author(s): Mark Gradstein Published January 2004
DP4187	Inequality, Democracy and the Emergence of Institutions Author(s): Mark Gradstein Published January 2004
DP4186	Do Vertical Mergers Facilitate Upstream Collusion? Author(s): Volker Nocke, Lucy White Published January 2004
DP4185	Cooperative and Non-Cooperative R&D Policy in an Economic Union Author(s): Jan I. Haaland, Hans Jarle Kind Published January 2004
DP4184	Labour and the Market Value of the Firm Author(s): Monika Merz, Eran Yashiv Published January 2004
DP4183	European Unemployment and Turbulence Revisited in a Matching Model Author(s): Lars Ljungqvist, Thomas J Sargent Published January 2004
DP4182	Awareness and Stock Market Participation Author(s): Luigi Guiso, Tullio Jappelli Published January 2004
DP4181	Stakeholders, Transparency and Capital Structure Author(s): Andres Almazan, Javier Suarez, Sheridan Titman Published January 2004
DP4180	Confidence Building on Euro Conversion: Theory and Evidence from Currency Options Author(s): Joost Driessen, Enrico C Perotti Published January 2004
DP4179	Speed and Quality of Collective Decision-Making, I: Imperfect Information Processing Author(s): Hans Peter Grüner, Elisabeth Schulte Published February 2004
DP4178	Temporary Contracts and Employee Effort Author(s): Axel Engellandt, Regina Riphahn Published January 2004
DP4177	Independence and Heterogeneity in Games of Incomplete Information Author(s): Robin Mason, Akos Valentinyi Published January 2004
DP4176	Strategic Financial Innovation in Segmented Markets Author(s): Rohit Rahi, Jean-Pierre Zigrand Published January 2004
DP4175	Efficiency Gains and Myopic Antitrust Authority in a Dynamic Merger Game Author(s): Massimo Motta, Helder Vasconcelos Published January 2004
DP4174	Monopoly Practises and Competitive Behaviour in the French Satellite Pay-TV Market Author(s): Michele Cincera, Abdul Noury Published January 2004
DP4173	Aggregate Consequences of Limited Contract Enforceability Author(s): Thomas F Cooley, Ramon Marimon, Vincenzo Quadrini Published January 2004
DP4172	Reducing Start-Up Costs for New Firms: The Double Dividend on the Labour Market Author(s): Uwe Dulleck, Paul Frijters, Rudolf Winter-Ebmer Published January 2004
DP4171	Absorptive Capacity, R&D Spillovers and Public Policy Author(s): Dermot Leahy, J Peter Neary Published January 2004
DP4170	Global Sourcing Author(s): Pol Antràs, Elhanan Helpman Published January 2004
DP4169	Optimal Capital Allocation Using RAROC(tm) and EVA Author(s): Neal Stoughton, Josef Zechner Published January 2004
DP4165	On Model Selection and Markov Switching: A Empirical Examination of Term Structure Models with Regime Shifts Author(s): John Driffill, Turalay Kenc, Martin Sola, Fabio Spagnolo Published January 2004
DP4164	Cross-Border Tax Externalities: Are Budget Deficits too Small? Author(s): Willem H. Buiter, Anne Sibert Published January 2004
DP4031	Job Protection Laws and Agency Problems Under Asymmetric Information Author(s): Patrick W. Schmitz Published December 2004
DP3903	Incentives to Borrow and the Demand for Mortgage Debt: An Analysis of Tax Reforms Author(s): Tullio Jappelli, Luigi Pistaferri Published May 2004

Total Papers Listed: 628

List update: 22/01/2021 09:01:49