Year publications

Discussion Papers 2005

DP5442	Leniency Policies and Illegal Transactions Author(s): Paolo Buccirossi, Giancarlo Spagnolo Published December 2005
DP5440	Trends in Hours and Economic Growth Author(s): Liwa Rachel Ngai, Christopher Pissarides Published December 2005
DP5439	Does Immigration Affect the Long-Term Educational Outcomes of Natives? Quasi-Experimental Evidence Author(s): Eric D Gould, Victor Lavy, M. Daniele Paserman Published December 2005
DP5438	Hours of Work and Gender Identity: Does Part-Time Work Make the Family Happier? Author(s): Alison L Booth, Jan C. van Ours Published December 2005
DP5435	Parametric Properties of Semi-Nonparametric Distributions, With Applications to Option Valuation Author(s): Ángel León, Javier Mencía, Enrique Sentana Published December 2005
DP5434	A Mechanism-Design Approach to Speculative Trade Author(s): Kfir Eliaz, Ran Spiegler Published December 2005
DP5433	Speculative Contracts Author(s): Kfir Eliaz, Ran Spiegler Published December 2005
DP5432	The Ownership of Ratings Author(s): Antoine Faure-Grimaud, Eloïc Peyrache, Lucía Quesada Published December 2005
DP5429	Machines as Engines of Growth Author(s): Joseph Zeira Published December 2005
DP5428	Technological Revolutions and Stock Prices Author(s): Lubos Pástor, Pietro Veronesi Published December 2005
DP5426	Monitoring Works: Getting Teachers to Come to School Author(s): Esther Duflo, Rema Hanna Published December 2005
DP5425	Distribution Risk and Equity Returns Author(s): Jean-Pierre Danthine, John B Donaldson, Paolo Siconolfi Published December 2005
DP5424	Optimal Inflation Stabilization in a Medium-Scale Macroeonomic Model Author(s): Stephanie Schmitt-Grohé, Martín Uribe Published December 2005
DP5423	Does Bilateralism Promote Trade? Nineteenth Century Liberalization Revisited Author(s): Olivier Accominotti, Marc Flandreau Published December 2005
DP5422	Innovation, Machine Replacement and Productivity Author(s): Omar Licandro, María Reyes Maroto Illera, Luis Puch Published December 2005
DP5421	Do Men and Women Economists Choose the Same Research Fields?: Evidence From Top 50 Departments Author(s): Miguel Almunia, Juan J. Dolado, Florentino Felgueroso Published December 2005
DP5420	Demand-Based Option Pricing Author(s): Nicolae Bogdan Garleanu, Lasse Heje Pedersen, Allen M Poteshman Published December 2005
DP5419	Where did the Productivity Growth Go? Inflation Dynamics and the Distribution of Income Author(s): Ian Dew-Becker, Robert J Gordon Published December 2005
DP5418	Did Vasco da Gama Matter for European Markets? Testing Frederick Lane's Hypotheses Fifty Years Later Author(s): Kevin Hjortshøj O'Rourke, Jeffrey G Williamson Published December 2005
DP5417	Information Gathering, Transaction Costs and the Property Rights Approach Author(s): Patrick W. Schmitz Published December 2005
DP5416	The Unsustainable US Current Account Position Revisited Author(s): Maurice Obstfeld, Kenneth Rogoff Published December 2005
DP5415	Top Research Productivity and its Persistence Author(s): Stijn Kelchtermans, Reinhilde Veugelers Published December 2005
DP5414	The Short-Run Dynamics of Optimal Growth Models with Delays Author(s): Fabrice Collard, Omar Licandro, Luis Puch Published December 2005
DP5413	What Caused the Decline in U. S. Business Cycle Volatility? Author(s): Robert J Gordon Published December 2005
DP5412	The 1920s and the 1990s in Mutual Reflection Author(s): Robert J Gordon Published December 2005
DP5408	Modeling the Offshoring of White-Collar Services: From Comparative Advantage to the New Theories of Trade and FDI Author(s): James R. Markusen Published December 2005
DP5407	C-CAPM Without Ex Post Data Author(s): Paul Söderlind Published December 2005
DP5406	The Elusive Costs and the Immaterial Gains of Fiscal Constraints Author(s): Fabio Canova, Evi Pappa Published December 2005
DP5405	The 'Sense and Nonsense of Maastricht' Revisited: What Have We Learnt About Stabilization In EMU? Author(s): Willem H. Buiter Published December 2005
DP5404	The Effects of Exogenous Oil Supply Shocks on Output and Inflation: Evidence from the G7 Countries Author(s): Lutz Kilian Published December 2005
DP5402	The Todaro Paradox Revisited Author(s): Yves Zenou Published December 2005
DP5401	Re-election Incentives and the Sustainability of International Cooperation Author(s): Paola Conconi, Nicolas Sahuguet Published December 2005
DP5400	Discretionary Policy, Multiple Equilibria, and Monetary Instruments Author(s): Andreas Schabert Published December 2005
DP5399	What Sectors Make the Poor Countries So Unproductive? Author(s): Berthold Herrendorf, Akos Valentinyi Published December 2005
DP5398	'Home Biases', 19th Century Style Author(s): Marc Flandreau Published December 2005
DP5396	Competition for Railway Markets: The Case of Baden-Württemberg Author(s): Rafael Lalive, Armin Schmutzler Published December 2005
DP5395	Time-Varying Pass-Through from Import Prices to Consumer Prices: Evidence from an Event Study with Real-Time Data Author(s): Marlene Amstad, Andreas M Fischer Published December 2005
DP5394	A cost-of-living dynamic price index, with an application to indexing retirement accounts Author(s): Ricardo Reis Published December 2005
DP5393	Inattentive Producers Author(s): Ricardo Reis Published December 2005
DP5392	How Costly is it for Poor Farmers to Lift Themselves out of Subsistence? Author(s): Olivier Cadot, Laure Dutoit, Marcelo Olarreaga Published December 2005
DP5391	Externalities, Communication and the Allocation of Decision Rights Author(s): Helmut Bester Published November 2005
DP5390	Crime and Police Resources: The Street Crime Initiative Author(s): Stephen Machin, Olivier Marie Published November 2005
DP5389	Crime, Location and the Housing Market Author(s): Yves Zenou Published November 2005
DP5388	Policy Volatility, Institutions and Economic Growth Author(s): Antonio Fatás, Ilian Mihov Published November 2005
DP5387	How the Eurosystem?s Treatment of Collateral in its Open Market Operations Weakens Fiscal Discipline in the Eurozone (and what to do about it) Author(s): Willem H. Buiter, Anne Sibert Published December 2005
DP5386	Hypermarket Competition and the Diffusion of Retail Checkout Barcode Scanning Author(s): Jonathan Beck, Michal Grajek, Christian Wey Published November 2005
DP5385	Competitive Markets with Endogenous Health Risks Author(s): Alberto Bennardo, Salvatore Piccolo Published December 2005
DP5384	Real Business Cycle Models: Past, Present and Future Author(s): Sérgio Rebelo Published November 2005
DP5383	Sugar Prices, Labour Income and Poverty in Brazil Author(s): Ekaterina Krivonos, Marcelo Olarreaga Published November 2005
DP5382	The Impact of Mode 4 Liberalization on Bilateral Trade Flows Author(s): Marion Jansen, Roberta Piermartini Published November 2005
DP5381	Network Competition and Entry Deterrence Author(s): Joan Calzada, Tommaso Valletti Published November 2005
DP5380	Separating Selection and Incentive Effects in Health Insurance Author(s): Lucien Gardiol, Pierre-Yves Geoffard, Chantal Grandchamp Published November 2005
DP5379	Competing for a Duopoly: International Trade and Tax Competition Author(s): Ben Ferrett, Ian Wooton Published November 2005
DP5378	Shareholder Protection, Stock Market Development and Politics Author(s): Marco Pagano, Paolo Volpin Published November 2005
DP5377	DSGE Models of High Exchange-Rate Volatility and Low Pass-Through Author(s): Giancarlo Corsetti, Luca Dedola, Sylvain Leduc Published December 2005
DP5376	Towards a Theory of Firm Entry and Stabilization Policy Author(s): Paul R Bergin, Giancarlo Corsetti Published November 2005
DP5375	Real Wage Rigidities and the New Keynesian Model Author(s): Olivier J Blanchard, Jordi Galí Published November 2005
DP5374	Optimal Monetary and Fiscal Policy in a Currency Union Author(s): Jordi Galí, Tommaso Monacelli Published November 2005
DP5373	Natural Selection and the Evolution of Life Expectancy Author(s): Oded Galor, Omer Moav Published November 2005
DP5372	Asset Price Dynamics When Traders Care About Reputation Author(s): Amil Dasgupta, Andrea Prat Published November 2005
DP5371	Do Entrenched Managers Pay Their Workers More? Author(s): Henrik Cronqvist, Fredrik Heyman, Mattias Nilsson, Helena Svaleryd, Jonas Vlachos Published December 2005
DP5370	Stock Markets and Business Cycle Comovement in Germany Before World War I: Evidence from Spectral Analysis Author(s): Albrecht Ritschl, Martin Uebele Published December 2005
DP5369	Fairness and the Optimal Allocation of Ownership Rights Author(s): Ernst Fehr, Susanne Kremhelmer, Klaus M. Schmidt Published November 2005
DP5368	The Role of Equality and Efficiency in Social Preferences Author(s): Ernst Fehr, Michael Naef, Klaus M. Schmidt Published November 2005
DP5367	What Can Rational Investors Do About Excessive Volatility and Sentiment Fluctuations? Author(s): Bernard J Dumas, Alexander Kurshev, Raman Uppal Published November 2005
DP5366	Ethnic Diversity, Market Structure and Risk Sharing in Developing Countries Author(s): Mohamed Jellal, Yves Zenou Published November 2005
DP5365	How Strong Buyers Spur Upstream Innovation Author(s): Roman Inderst, Christian Wey Published November 2005
DP5364	Micro Evidence on the Adjustment of Sticky-Price Goods: It's How Often, Not How Much Author(s): Lorenz Goette, Rudolf Minsch, Jean-Robert Tyran Published December 2005
DP5363	Evaluating the Performance of the Search and Matching Model Author(s): Eran Yashiv Published November 2005
DP5362	Childhood Family Structure and Schooling Outcomes: Evidence for Germany Author(s): Marco Francesconi, Stephen P Jenkins, Thomas Siedler Published November 2005
DP5361	Forecast Combinations Author(s): Allan Timmermann Published November 2005
DP5360	The Impact of Terrorism Across Industries: An Empirical Study Author(s): Claude Berrebi, Esteban F Klor Published November 2005
DP5359	The Impact of Parental Income and Education on the Health of their Children Author(s): Orla Doyle, Colm Harmon, Ian Walker Published December 2005
DP5358	The Evolution of Cooperative Norms: Evidence from a Natural Field Experiment Author(s): Oriana Bandiera, Iwan Barankay, Imran Rasul Published November 2005
DP5357	Gun Prevalence, Homicide Rates and Causality: A GMM Approach to Endogeneity Bias Author(s): Gary Kleck, Tomislav Kovandzic, Mark E Schaffer Published December 2005
DP5356	Wars, Redistribution and Civilian Federal Expenditures in the US over the Twentieth Century Author(s): Roel Beetsma, Alex Cukierman, Massimo Giuliodori Published November 2005
DP5355	Reconciling the Return Predictability Evidenc: In-Sample Forecasts, Out-of-Sample Forecasts, and Parameter Instability Author(s): Martin Lettau, Stijn van Nieuwerburgh Published November 2005
DP5354	Human Capital, the Structure of Production, and Growth Author(s): Antonio Ciccone, Elias Papaioannou Published November 2005
DP5353	Are loyalty-rewarding pricing schemes anti-competitive? Author(s): Ramon Caminal, Adina Claici Published November 2005
DP5352	Non-synchronous Trading and Testing for Market Integration in Central European Emerging Markets Author(s): Peter C Schotman, Ania Zalewska Published November 2005
DP5351	Oppositional Identities and the Labour Market Author(s): Harminder Battu, MacDonald Mwale, Yves Zenou Published November 2005
DP5350	Size Really Doesn't Matter: In Search of a National Scale Effect Author(s): Andrew K Rose Published November 2005
DP5349	Ireland in EMU: More Shocks, Less Insulation? Author(s): Patrick Honohan, Anthony J Leddin Published November 2005
DP5348	Can Comparative Advantage Explain the Growth of US Trade? Author(s): Alejandro Cuñat, Marco Maffezzoli Published November 2005
DP5347	Exchange Rate Pass-Through to Import Prices in the Euro Area Author(s): José Manuel Campa, Linda S. Goldberg, Jose Manuel González Mìnguez Published November 2005
DP5346	The mechanisms of spatial mismatch Author(s): Laurent Gobillon, Harris Selod, Yves Zenou Published November 2005
DP5345	Property Tax and Urban Sprawl. Theory and Implications for U.S. Cities Author(s): Yan Song, Yves Zenou Published November 2005
DP5344	Is Human Capital Losing from Outsourcing? Evidence for Austria and Poland Author(s): Andzelika Lorentowicz, Dalia Marin, Alexander Raubold Published November 2005
DP5343	Eliciting Demand Information through Cheap Talk: An Argument in Favour of Price Regulations Author(s): Lars Frisell, Johan N. M. Lagerlöf Published November 2005
DP5342	Renascent Men or Entrepreneurship as a One-Night Stand: Entrepreneurial Intentions Subsequent to Firm Exit Author(s): David B Audretsch, Joris Meijaard, Erik Stam Published November 2005
DP5341	Term Structure Estimation with Survey Data on Interest Rate Forecasts Author(s): Don H. Kim, Athanasios Orphanides Published November 2005
DP5340	Jobs and Unemployment in Macroeconomic Theory: A Turbulence Laboratory Author(s): Lars Ljungqvist, Thomas J Sargent Published November 2005
DP5339	Job Insecurity and Youth Emancipation: A Theoretical Approach Author(s): Sascha O. Becker, Samuel Bentolila, Ana Fernandes, Andrea Ichino Published November 2005
DP5338	Youth Emancipation and Perceived Job Insecurity of Parents and Children Author(s): Sascha O. Becker, Samuel Bentolila, Ana Fernandes, Andrea Ichino Published November 2005
DP5337	Do Global Trade Distortions Still Harm Developing Country Farmers? Author(s): Kym Anderson, Ernesto Valenzuela Published November 2005
DP5335	Entrepreneurial Access and Absorption of Knowledge Spillovers: Strategic Board and Managerial Composition for Competitive Advantage Author(s): David B Audretsch, Erik E Lehmann Published November 2005
DP5334	Skills, human capital and the plant productivity gap: UK evidence from matched plant, worker and workforce data Author(s): Jonathan Haskel, Denise Hawkes, Sonia Pereira Published November 2005
DP5333	The Price and Quantity of Residential Land in the United States Author(s): Morris Davis, Jonathan Heathcote Published November 2005
DP5332	Saving Incentives for Low- and Middle-Income Families: Evidence from a Field Experiment with H&R Block Author(s): Esther Duflo, William Gale, Jeff Liebman, Peter Orszag, Emmanuel Saez Published October 2005
DP5331	Crime and Conformism Author(s): Eleonora Patacchini, Yves Zenou Published October 2005
DP5330	Fiscal Rules and Fiscal Performance in the EU and Japan Author(s): Jürgen von Hagen Published October 2005
DP5329	Who?s Who in Networks. Wanted: The Key Player Author(s): Coralio Ballester, Antoni Calvó-Armengol, Yves Zenou Published October 2005
DP5328	Extending Choice In English Health Care: The implications of the economic evidence Author(s): Simon Burgess, Carol Propper, Deborah Wilson Published November 2005
DP5327	Guide to Reform of Higher Education: A European Perspective Author(s): Bas Jacobs, Frederick van der Ploeg Published October 2005
DP5326	The Knowledge Spillover Theory of Entrepreneurship Author(s): Zoltán J Acs, David B Audretsch, Pontus Braunerhjelm, Bo Carlsson Published October 2005
DP5325	Dams Author(s): Esther Duflo, Rohini Pande Published October 2005
DP5324	Rural Windfall or a New Resource Curse? Coca, Income and Civil Conflict in Colombia Author(s): Joshua Angrist, Adriana D. Kugler Published October 2005
DP5323	The Effects of Entry on Incumbent Innovation and Productivity Author(s): Philippe Aghion, Richard Blundell, Rachel Griffith, Peter Howitt, Susanne Prantl Published October 2005
DP5322	Precautionary Savings or Working Longer Hours? Author(s): Josep Pijoan-Mas Published October 2005
DP5321	A Political-Economy Theory of Trade Agreements Author(s): Giovanni Maggi, Andres Rodriguez-Clare Published October 2005
DP5320	The Cycle of Violence? An Empirical Analysis of Fatalities in the Palestinian-Israeli Conflict Author(s): David A. Jaeger, M. Daniele Paserman Published October 2005
DP5319	Does Information Increase Political Support for Pension Reform? Author(s): Tito Boeri, Guido Tabellini Published October 2005
DP5318	FDI, Allocation of Talents and Differences in Regulation Author(s): Giovanni Pica, José Vicente Rodríguez Mora Published October 2005
DP5317	The Political Economy of Financial Fragility Author(s): Erik Feijen, Enrico C Perotti Published October 2005
DP5316	Should You Take a Lump-Sum or Annuitize? Results from Swiss Pension Funds Author(s): Monika Bütler, Federica Teppa Published October 2005
DP5315	Keeping the Board in the Dark: CEO Compensation and Entrenchment Author(s): Roman Inderst, Holger M Mueller Published October 2005
DP5314	The Industrial Organization of Financial Market Information Production Author(s): Zhaohui Chen, William J Wilhelm Jr Published October 2005
DP5313	New-Keynesian or RBC Transmission? The Effects of Fiscal Shocks in Labour Markets Author(s): Evi Pappa Published October 2005
DP5312	Measuring Fiscal Sustainability Author(s): Vito Polito, Michael R. Wickens Published October 2005
DP5311	The Log of Gravity Author(s): J.M.C Santos Silva, Silvana Tenreyro Published October 2005
DP5310	Herding With and Without Payoff Externalities - An Internet Experiment Author(s): Mathias Drehmann, Jörg Oechssler, Andreas Roider Published October 2005
DP5309	Blinder-Oaxaca Decomposition for Tobit Models Author(s): Thomas Bauer, Mathias Sinning Published October 2005
DP5308	Black Sheep and Walls of Silence Author(s): Gerd Muehlheusser, Andreas Roider Published October 2005
DP5307	Volatility and Development Author(s): Miklós Koren, Silvana Tenreyro Published October 2005
DP5306	The Importance of Nontradeable Goods' Prices in Cyclical Real Exchange Rate Fluctuations Author(s): Ariel Tomas Burstein, Martin Eichenbaum, Sérgio Rebelo Published October 2005
DP5305	Real-Time Model Uncertainty in the United States: the Fed from 1996-2003 Author(s): Brian Ironside, Robert J. Tetlow Published October 2005
DP5304	How Useful is Bagging in Forecasting Economic Time Series? A Case Study of US CPI Inflation Author(s): Atsushi Inoue, Lutz Kilian Published October 2005
DP5303	Identifying the Effects of Firing Restrictions Through Size-Contingent Differences in Regulation Author(s): Fabiano Schivardi, Roberto Torrini Published October 2005
DP5302	Short-Run Italian GDP Forecasting and Real-Time Data Author(s): Roberto Golinelli, Giuseppe Parigi Published October 2005
DP5301	Making A Difference Author(s): Patrick Francois Published October 2005
DP5300	Heterogeneity in Consumer Price Stickiness: A Microeconometric Investigation Author(s): Denis Fougère, Hervé Le Bihan, Patrick Sevestre Published October 2005
DP5296	The Public Pay Gap in Britain: Small Differences That (Don?t?) Matter Author(s): Fabien Postel-Vinay, Hélène Turon Published October 2005
DP5295	Pooling-based data interpolation and backdating Author(s): Massimiliano Marcellino Published October 2005
DP5294	Modelling and Forecasting Fiscal Variables for the euro Area Author(s): Carlo A. Favero, Massimiliano Marcellino Published October 2005
DP5293	Individual Protection Against Property Crime: Decomposing the Effects of Protection Observability Author(s): Louis Hotte, Tanguy van Ypersele Published October 2005
DP5292	Should Contractual Clauses that Forbid Renegotiation Always be Enforced? Author(s): Patrick W. Schmitz Published October 2005
DP5291	Efficiency, Equity and Timing in Voting Mechanisms Author(s): Marco Battaglini, Rebecca Morton, Thomas R Palfrey Published October 2005
DP5290	Learning to be an Entrepreneur Author(s): Luigi Guiso, Fabiano Schivardi Published October 2005
DP5289	Optimal Delegation Author(s): Ricardo Alonso, Niko Matouschek Published October 2005
DP5288	Trusting the Stock Market Author(s): Luigi Guiso, Paola Sapienza, Luigi Zingales Published October 2005
DP5287	Collective Labour Supply: Heterogeneity and Non-Participation Author(s): Richard Blundell, Pierre-André Chiappori, Thierry Magnac, Costas Meghir Published October 2005
DP5286	Wake Up and Smell the Ginseng: The Rise of Incremental Innovation in Low-Wage Countries Author(s): Diego Puga, Daniel Trefler Published October 2005
DP5285	Labour Pooling in R&D Intensive Industries Author(s): Heiko A. Gerlach, Thomas Rønde, Konrad O Stahl Published November 2005
DP5284	Keynesian Economics, Monetary Policy and the Business Cycle - New and Old Author(s): Alex Cukierman Published October 2005
DP5283	Modelling the duration of patent examination at the European Patent Office Author(s): Dietmar Harhoff, Stefan Wagner Published October 2005
DP5282	Fiscal-Monetary Policy Interactions in the Presence of Unionized Labour Markets Author(s): Alex Cukierman, Alberto Dalmazzo Published October 2005
DP5281	Developing Rotten Institutions Author(s): Morgan Kelly Published October 2005
DP5280	Consumption Taxes and Redistribution Author(s): Isabel Correia Published October 2005
DP5279	Model Averaging and Value-at-Risk Based Evaluation of Large Multi-Asset Volatility Models for Risk Management Author(s): M Hashem Pesaran, Paolo Zaffaroni Published October 2005
DP5278	Minorities and Storable Votes Author(s): Alessandra Casella, Thomas R Palfrey, Raymond Riezman Published October 2005
DP5277	The EU Deposit Insurance Directive: Does One Size Fit All? Author(s): Harry Huizinga Published October 2005
DP5276	Optimal Procurement When Both Price and Quality Matter Author(s): John Asker, Estelle Cantillon Published October 2005
DP5275	Effects of Acquisitions on Product and Process Innovation and R&D Performance Author(s): Elena Cefis, Stephanie Rosenkranz, Utz Weitzel Published October 2005
DP5274	A Political Economy Theory of the Soft Budget Constraint Author(s): James A Robinson, Ragnar Torvik Published October 2005
DP5273	Income and Democracy Author(s): Daron Acemoglu, Simon Johnson, James A Robinson, Pierre Yared Published October 2005
DP5272	Searching for Non-Monotonic Effects of Fiscal Policy: New Evidence Author(s): Marina Benedetti, Francesco Giavazzi, Tullio Jappelli, Marco Pagano Published October 2005
DP5271	Data Revisions Are Not Well-Behaved Author(s): Boragan Aruoba Published October 2005
DP5270	Where Are We Now? Real-Time Estimates of the Macro Economy Author(s): Martin D.D. Evans Published October 2005
DP5269	Internet Security, Vulnerability Disclosure and Software Provision Author(s): Jay-Pil Choi, Chaim Fershtman, Neil Gandal Published October 2005
DP5268	Forecast Combination and Model Averaging Using Predictive Measures Author(s): Jana Eklund, Sune Karlsson Published October 2005
DP5267	Factor Adjustments after Deregulation: Panel Evidence from Colombian Plants Author(s): Marcela Eslava, John C Haltiwanger Jr, Adriana D. Kugler, Maurice Kugler Published October 2005
DP5266	Factor Analysis in a New-Keynesian Model Author(s): Andreas Beyer, Roger E A Farmer, Jérôme Henry, Massimiliano Marcellino Published October 2005
DP5265	Russia's Regions: Income Volatility, Labour Mobility and Fiscal Policy Author(s): Goohoon Kwon, Antonio Spilimbergo Published October 2005
DP5264	How Much Market Access in FTAs? Textiles Under NAFTA Author(s): Olivier Cadot, Céline Carrère, Jaime de Melo, Alberto Portugal-Pérez Published October 2005
DP5263	Trade and the Skill-Bias - It's Not How Much, But With Whom You Trade Author(s): Pushan Dutt, Daniel A. Traca Published October 2005
DP5262	Foreign Direct Investment and Exports Dynamics with Demand Learning Author(s): Rossitsa Kotseva, Nikolaos Vettas Published October 2005
DP5261	Rational Inattention: A Solution to the Forward Discount Puzzle Author(s): Philippe Bacchetta, Eric van Wincoop Published October 2005
DP5260	Do Tariffs Matter for the Extensive Margin of International Trade? An Empirical Analysis Author(s): Peter Debaere, Shalah Mostashari Published September 2005
DP5259	The Empirical Failure of the Expectations Hypothesis of the Term Structure of Bond Yields Author(s): Lucio Sarno, Daniel L Thornton, Giorgio Valente Published September 2005
DP5258	Vertical Integration and Technology: Theory and Evidence Author(s): Daron Acemoglu, Philippe Aghion, Rachel Griffith, Fabrizio Zilibotti Published September 2005
DP5257	Efficient Exclusion Author(s): Espen R Moen, Christian Riis Published September 2005
DP5256	Effects of Employment Protection on Worker and Job Flows: Evidence from the 1990 Italian Reform Author(s): Adriana D. Kugler, Giovanni Pica Published September 2005
DP5255	Indeterminacy in Dynamic Models: When Diamond Meets Ramsey Author(s): Teresa Lloyd-Braga, Carine Nourry, Alain Venditti Published September 2005
DP5254	Small Fish - Big Issues The Effect of Trade Policy on the Global Shrimp Market Author(s): Peter Debaere Published September 2005
DP5253	Financial Integration and Systemic Risk Author(s): Falko Fecht, Hans Peter Grüner Published September 2005
DP5252	Why Are Some Public Officials More Corrupt Than Others? Author(s): Jennifer Hunt Published September 2005
DP5251	Bribery: Who Pays, Who Refuses, What are the Payoffs? Author(s): Jennifer Hunt, Sonia Laszlo Published September 2005
DP5250	Modeling Exchange Rate Passthrough After Large Devaluations Author(s): Ariel Tomas Burstein, Martin Eichenbaum, Sérgio Rebelo Published September 2005
DP5249	Market Definition with Differentiated Products - Lessons from the Car Market Author(s): Randy Brenkers, Frank Verboven Published September 2005
DP5248	Who wins and who loses from school accountability? The distribution of educational gain in English secondary schools Author(s): Simon Burgess, Carol Propper, Helen Slater, Deborah Wilson Published September 2005
DP5247	Level Playing Fields in International Financial Regulation Author(s): Alan Morrison, Lucy White Published September 2005
DP5246	Death and Development Author(s): Peter L. Lorentzen, John McMillan, Romain Wacziarg Published September 2005
DP5245	Euler Equation Errors Author(s): Martin Lettau, Sydney C. Ludvigson Published September 2005
DP5244	Peer Effects and Social Networks in Education and Crime Author(s): Antoni Calvó-Armengol, Eleonora Patacchini, Yves Zenou Published September 2005
DP5243	The (Bad?) Timing of Mutual Fund Investors Author(s): Oded Braverman, Shmuel Kandel, Avi Wohl Published September 2005
DP5242	Experts vs Discounters: Competition and Market Unravelling When Consumers Do Not Know What they Need Author(s): Uwe Dulleck, Rudolf Kerschbamer Published September 2005
DP5241	Participation Games: Market Entry, Coordination and the Beautiful Blonde Author(s): Simon P Anderson, Maxim Engers Published September 2005
DP5240	Minority Blocks and Takeover Premia Author(s): Mike Burkart, Denis Gromb, Fausto Panunzi Published September 2005
DP5239	A Consistent Weighted Ranking Scheme with an Application to NCAA College Football Rankings Author(s): Itay Fainmesser, Chaim Fershtman, Neil Gandal Published September 2005
DP5238	A Protectionist Bias in Majoritarian Politics Author(s): Gene M. Grossman, Elhanan Helpman Published September 2005
DP5237	'Aggregation Bias' DOES Explain the PPP Puzzle Author(s): Jean Imbs, Haroon Mumtaz, Morten O Ravn, Hélène Rey Published September 2005
DP5236	Bargaining and Sustainability: The Argentine Debt Swap of 2005 Author(s): Amrita Dhillon, Javier García-Fronti, Sayantan Ghosal, Marcus Miller Published September 2005
DP5235	Cities and Countries Author(s): Andrew K Rose Published September 2005
DP5234	A Global Perspective on External Positions Author(s): Philip R. Lane, Gian Maria Milesi-Ferretti Published September 2005
DP5233	Party Discipline and Pork-Barrel Politics Author(s): Gene M. Grossman, Elhanan Helpman Published September 2005
DP5232	Non-stationary Hours in a DSGE Model Author(s): Yongsung Chang, Taeyoung Doh, Frank Schorfheide Published September 2005
DP5231	Sabotage in Tournaments: Making the Beautiful Game a Bit Less Beautiful Author(s): Luis Garicano, Ignacio Palacios-Huerta Published September 2005
DP5229	How Large are Search Frictions? Author(s): Pieter A. Gautier, Coen N Teulings Published October 2005
DP5228	Political competition within and between parties: an application to environmental policy Author(s): Helmuth Cremer, Philippe De Donder, Firouz Gahvari Published September 2005
DP5227	What's the monetary value of distributive justice? Author(s): Giacomo Corneo, Christina Fong Published September 2005
DP5226	Rethinking the Gains from Immigration: Theory and Evidence from the US Author(s): Gianmarco Ottaviano, Giovanni Peri Published September 2005
DP5225	Job Contact Networks and the Ethnic Minorities Author(s): Harminder Battu, Paul T Seaman, Yves Zenou Published September 2005
DP5224	What are Firms? Evolution from Birth to Public Companies Author(s): Steven Kaplan, Berk A. Sensoy, Per Johan Strömberg Published September 2005
DP5223	The Media and Advertising: A Tale of Two-Sided Markets Author(s): Simon P Anderson, Jean Jaskold Gabszewicz Published September 2005
DP5222	Trade Spillovers of Fiscal Policy in the European Union: A Panel Analysis Author(s): Roel Beetsma, Massimo Giuliodori, Franc Klaassen Published September 2005
DP5221	Fertility: The Role of Culture and Family Experience Author(s): Raquel Fernández, Alessandra Fogli Published September 2005
DP5220	From World Banker to World Venture Capitalist: US External Adjustment and The Exorbitant Privilege Author(s): Pierre-Olivier Gourinchas, Hélène Rey Published September 2005
DP5219	Signal Accuracy and Informational Cascades Author(s): Tuvana Pastine, Ivan Pastine Published September 2005
DP5218	Make Trade not War? Author(s): Philippe Martin, Thierry Mayer, Mathias Thoenig Published September 2005
DP5217	The Short-Term Budgetary Implications of Structural Reforms. Evidence from a Panel of EU Countries Author(s): Servaas Deroose, Alessandro Antonio Turrini Published September 2005
DP5216	The Stability Pact Pains: A Forward-Looking Assessment of the Reform Debate Author(s): Marco Buti, Sylvester C W Eijffinger, Daniele Franco Published September 2005
DP5215	The Determinants of Asset Stripping: Theory and Evidence from the Transition Economies Author(s): Nauro F. Campos, Francesco Giovannoni Published September 2005
DP5214	The Construction and Interpretation of Combined Cross-Section and Time-Series Inequality Datasets Author(s): Joseph Francois, Hugo Rojas-Romagosa Published September 2005
DP5213	Bank Finance versus Bond Finance: What Explains the Differences Between the US and Europe? Author(s): Fiorella De Fiore, Harald Uhlig Published September 2005
DP5212	Understanding the Effects of Government Spending on Consumption Author(s): Jordi Galí, J David López-Salido, Javier Vallés Liberal Published September 2005
DP5211	Implementation of Anti-Discrimination Policy: Does Judicial Selection Matter? Author(s): Timothy J. Besley, A. Abigail Payne Published September 2005
DP5210	The Overhang Hangover Author(s): Jean Imbs, Romain Rancière Published September 2005
DP5209	Collateral Damage: Trade Disruption and the Economic Impact of War Author(s): Reuven Glick, Alan M. Taylor Published September 2005
DP5208	Business Groups in Emerging Markets: Paragons or Parasites? Author(s): Tarun Khanna, Yishay Yafeh Published September 2005
DP5207	Bayesian Analysis of DSGE Models Author(s): Sungbae An, Frank Schorfheide Published September 2005
DP5206	Succession Rules and Leadership Rents Author(s): Kai A. Konrad, Stergios Skaperdas Published August 2005
DP5205	Equilibrium and Efficiency in the Tug-of-War Author(s): Kai A. Konrad, Dan Kovenock Published August 2005
DP5204	M&As Performance in the European Financial Industry Author(s): José Manuel Campa, Ignacio Hernando Published August 2005
DP5203	The Marginal Product of Capital Author(s): Francesco Caselli, James Feyrer Published August 2005
DP5202	Borders and Growth Author(s): Enrico Spolaore, Romain Wacziarg Published August 2005
DP5201	Political Selection and the Quality of Government: Evidence from South India Author(s): Timothy J. Besley, Rohini Pande, Vijayendra Rao Published August 2005
DP5200	Insurance and Opportunities: The Welfare Implications of Rising Wage Dispersion Author(s): Jonathan Heathcote, Kjetil Storesletten, Giovanni L. Violante Published August 2005
DP5199	Target Zones in Theory and History: Credibility, Efficiency, and Policy Autonomy Author(s): Marc Flandreau, John Komlos Published August 2005
DP5188	Fiscal Divergence and Business Cycle Synchronization: Irresponsibility is Idiosyncratic Author(s): Zsolt Darvas, Andrew K Rose, György Szapáry Published August 2005
DP5187	Risk Management with Benchmarking Author(s): Suleyman Basak, Alex Shapiro, Lucie Teplá Published August 2005
DP5186	Intelligence Failures: An Organizational Economics Perspective Author(s): Luis Garicano, Richard A. Posner Published August 2005
DP5185	Informed Lending and Security Design Author(s): Roman Inderst, Holger M Mueller Published August 2005
DP5184	Land Reforms and Economic Development Author(s): Hans Gersbach, Lars Siemers Published August 2005
DP5183	Cotton Textiles and the Great Divergence: Lancashire, India and Shifting Competitive Advantage, 1600-1850 Author(s): Stephen N Broadberry, Bishnupriya Gupta Published August 2005
DP5182	The Value of Tax Shields IS Equal to the Present Value of Tax Shields Author(s): Ian Cooper, Kjell G Nyborg Published August 2005
DP5181	Why Are Returns on Swiss Franc Assets So Low? Rare Events May Solve the Puzzle Author(s): Peter Kugler, Beatrice Weder di Mauro Published August 2005
DP5180	Insider Trading in Credit Derivatives Author(s): Viral V. Acharya, Tim Johnson Published August 2005
DP5179	Business Cycle Sychronization in the Enlarged EU Author(s): Zsolt Darvas, György Szapáry Published August 2005
DP5178	Nowcasting GDP and Inflation: The Real Time Informational Content of Macroeconomic Data Releases Author(s): Domenico Giannone, Lucrezia Reichlin, David Small Published August 2005
DP5177	Estimation and Testing of Dynamic Models with Generalized Hyperbolic Innovations Author(s): Javier Mencía, Enrique Sentana Published August 2005
DP5176	The 'News' View of Economic Fluctuations: Evidence from Aggregate Japanese Data and Sectoral US Data Author(s): Paul Beaudry, Franck Portier Published August 2005
DP5175	Re-election Threshold Contracts in Politics Author(s): Hans Gersbach, Verena Liessem Published August 2005
DP5174	The Macroeconomic Consequences of Reciprocity in Labour Relations Author(s): Jean-Pierre Danthine, André Kurmann Published August 2005
DP5173	Performance Measurement with Loss Aversion Author(s): Gordon T Gemmill, Soosung Hwang, Mark Salmon Published August 2005
DP5172	Urbanization Externalities, Market Potential and Spatial Sorting of Skills and Firms Author(s): Giordano Mion, Paolo Naticchioni Published August 2005
DP5171	The Curse and Blessing of Training the Unemployed in a Changing Economy: the Case of East Germany after Unification Author(s): Michael Lechner, Ruth Miquel, Conny Wunsch Published August 2005
DP5170	Optimum Income Taxation and Layoff Taxes Author(s): Pierre Cahuc, Andre Zylberberg Published August 2005
DP5169	The Roots of Low European Employment: Family Culture? Author(s): Yann Algan, Pierre Cahuc Published August 2005
DP5168	The Brain as a Hierarchical Organization Author(s): Isabelle Brocas, Juan D Carrillo Published August 2005
DP5167	Real Effects of Inflation Through the Redistribution of Nominal Wealth Author(s): Matthias Doepke, Martin Schneider Published August 2005
DP5166	On the Uniqueness of Optimal Prices Set by Monopolistic Sellers Author(s): Gerard van den Berg Published August 2005
DP5165	Globalization and Emerging Markets: With or Without Crash? Author(s): Philippe Martin, Hélène Rey Published August 2005
DP5164	German Bank Lending During Financial Crises: A Bank Level Analysis Author(s): Frank Heid, Thorsten Nestmann, Natalja Von Westernhagen, Beatrice Weder di Mauro Published August 2005
DP5163	Basel II and Bank Lending to Emerging Markets: Micro Evidence from German Banks Author(s): Thilo Liebig, Daniel Porath, Beatrice Weder di Mauro, Michael Wedow Published August 2005
DP5162	When do Countries Introduce Competition Policy? Author(s): Rikard Forslid, Jonas Häckner, Astri Muren Published August 2005
DP5161	Age-Specific Cyclical Effects in Job Reallocation and Labour Mobility Author(s): Anne Gielen, Jan C. van Ours Published August 2005
DP5160	Do Countries Free Ride on MFN? Author(s): Rodney D Ludema, Anna Maria Mayda Published August 2005
DP5159	International Equity Flows and Returns: A Quantitative Equilibrium Approach Author(s): Rui Albuquerque, Gregory Bauer, Martin Schneider Published August 2005
DP5158	Making A Difference Author(s): Patrick Francois Published July 2005
DP5157	The Dot-Com Bubble, the Bush Deficits, and the US Current Account Author(s): Aart Kraay, Jaume Ventura Published July 2005
DP5156	Doha Merchandise Trade Reform: What?s at Stake for Developing Countries? Author(s): Kym Anderson, Will Martin, Dominique van der Mensbrugghe Published July 2005
DP5155	Voting Transparency in a Monetary Union Author(s): Hans Gersbach, Volker Hahn Published July 2005
DP5154	Cash-in-the-Market Pricing and Optimal Bank Bailout Policy Author(s): Viral V. Acharya, Tanju Yorulmazer Published July 2005
DP5153	Preference Erosion and Multilateral Trade Liberalization Author(s): Joseph Francois, Bernard Hoekman, Miriam Manchin Published July 2005
DP5152	Coordination in Markets with Consumption Externalities: The Role of Advertising and Product Quality Author(s): Tuvana Pastine, Ivan Pastine Published July 2005
DP5151	Financial Integration and Entrepreneurial Activity: Evidence from Foreign Bank Entry in Emerging Markets Author(s): Mariassunta Giannetti, Steven Ongena Published July 2005
DP5150	Does External Trade Promote Financial Development? Author(s): Yongfu Huang, Jonathan Temple Published July 2005
DP5149	Long-Run Determinants of Inflation Differentials in a Monetary Union Author(s): Filippo Altissimo, Pierpaolo Benigno, Diego Rodriguez Palenzuela Published July 2005
DP5148	Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach Author(s): Lorenzo Garlappi, Raman Uppal, Tan Wang Published July 2005
DP5147	Revolutionary Effects of New Information Technologies Author(s): Gerard van den Berg Published July 2005
DP5146	Attitude-Dependent Altruism, Turnout and Voting Author(s): Julio J. Rotemberg Published July 2005
DP5145	Allocating Control in Agency Problems with Limited Liability and Sequential Hidden Actions Author(s): Patrick W. Schmitz Published July 2005
DP5144	Preferential Trade Arrangements and the Pattern of Production and Trade when Inputs are Differentiated Author(s): Joseph Francois Published July 2005
DP5143	The Impact of Changing Demographics and Pensions on The Demand for Housing and Financial Assets Author(s): Ales Cerny, David Miles, Lubomir Schmidt Published July 2005
DP5142	How Inefficient is the 1/N Asset-Allocation Strategy? Author(s): Victor DeMiguel, Lorenzo Garlappi, Raman Uppal Published July 2005
DP5141	How to Exit from Fixed Exchange Rate Regimes Author(s): Ahmet Atil Asici, Nadezhda Ivanova, Charles Wyplosz Published July 2005
DP5140	Work and Leisure in the US and Europe: Why So Different? Author(s): Alberto F Alesina, Edward L Glaeser, Bruce Sacerdote Published July 2005
DP5139	Imports and Productivity Author(s): László Halpern, Miklós Koren, Adam Szeidl Published July 2005
DP5138	Political Competition and Economic Performance: Theory and Evidence from the United States Author(s): Timothy J. Besley, Torsten Persson, Daniel M Sturm Published July 2005
DP5137	Trade Costs, Trade Balances and Current Accounts: An Application of Gravity to Multilateral Trade Author(s): Giorgio Fazio, Ronald MacDonald, Jacques Melitz Published July 2005
DP5136	North, South and Distance in the Gravity Model Author(s): Jacques Melitz Published July 2005
DP5135	Market Structure in Services and Market Access in Goods Author(s): Joseph Francois, Ian Wooton Published July 2005
DP5134	Voting Rules and Budget Allocation in an Enlarged EU Author(s): Heikki Kauppi, Mika Widgrén Published July 2005
DP5133	Race to the Top or Bottom? Corporate Governance, Freedom of Reincorporation and Competition in Law Author(s): Zsuzsanna Fluck, Colin Mayer Published July 2005
DP5132	Contests with Ties Author(s): Daniel Cohen, Aner Sela Published July 2005
DP5131	Exogenous Oil Supply Shocks: How Big Are They and How Much do they Matter for the US Economy? Author(s): Lutz Kilian Published July 2005
DP5130	Democracy, Property Rights, Redistribution and Economic Growth Author(s): Mark Gradstein Published July 2005
DP5129	The Ties that Divide. A Network Analysis of the International Monetary System Author(s): Marc Flandreau, Clemens Jobst Published July 2005
DP5128	The Neuroconomics of Mind Reading and Empathy Author(s): Ernst Fehr, Tania Singer Published July 2005
DP5127	Neuroeconomic Foundation of Trust and Social Preferences Author(s): Ernst Fehr, Urs Fischbacher, Michael Kosfeld Published July 2005
DP5126	Products and Productivity Author(s): Andrew B. Bernard, Stephen J. Redding, Peter K. Schott Published July 2005
DP5125	Decentralization and Electoral Accountability: Incentives, Separation and Voter Welfare Author(s): Jean Hindricks, Ben Lockwood Published July 2005
DP5124	The Optimal Amount of Falsified Testimony Author(s): Winand Emons, Claude Fluet Published July 2005
DP5123	Liquidity Risk in Securities Settlement Author(s): Johan Devriese, Janet Mitchell Published July 2005
DP5122	The WTO Promotes Trade, Strongly But Unevenly Author(s): Arvind Subramanian, Shang-Jin Wei Published July 2005
DP5121	Is There a Diversification Discount in Financial Conglomerates? Author(s): Luc Laeven, Ross Levine Published July 2005
DP5120	Social Learning in Continuous Time: When are Informational Cascades More Likely to be Inefficient? Author(s): Tuvana Pastine Published July 2005
DP5119	CEO-Firm Match and Principal-Agent Problem Author(s): Fei Li, Masako Ueda Published July 2005
DP5118	Optimal Privatization Using Qualifying Auctions Author(s): Jan Boone, Jacob K. Goeree Published July 2005
DP5117	Wealth Transfers, Contagion and Portfolio Constraints Author(s): Anna Pavlova, Roberto Rigobon Published July 2005
DP5116	Why Do Most Italian Young Men Live With Their Parents? Intergenerational Transfers and Household Structure Author(s): Marco Manacorda, Enrico Moretti Published June 2005
DP5115	The Behavioural Effects of Minimum Wages Author(s): Armin Falk, Ernst Fehr, Christian Zehnder Published June 2005
DP5114	Using Copulas to Construct Bivariate Foreign Exchange Distributions with an Application to the Sterling Exchange Rate Index Author(s): Matthew Hurd, Mark Salmon, Christoph Schleicher Published June 2005
DP5113	Home Bias and International Risk Sharing: Twin Puzzles Separated at Birth Author(s): Bent E Sørensen, Yi-Tsung Wu, Oved Yosha, Yu Zhu Published June 2005
DP5112	Peripheral Diversity and Redistribution Author(s): Klaus Desmet, Ignacio Ortuño-Ortín, Shlomo Weber Published June 2005
DP5111	Factor Price Equality and the Economies of the United States Author(s): Andrew B. Bernard, Stephen J. Redding, Peter K. Schott Published June 2005
DP5110	Consumption, Wealth, the Elasticity of Intertemporal Substitution and Long-Run Stock Market Returns Author(s): Carlo A. Favero Published June 2005
DP5109	Endowment Versus Finance: A Wooden Barrel Theory of International Trade Author(s): Jiandong Ju, Shang-Jin Wei Published June 2005
DP5108	A Structural Non-Stationary Model of Job Search: Stigmatization of the Unemployed by Job Offers or Wage Offers? Author(s): Stefan Lollivier, Laurence Rioux Published June 2005
DP5107	Turning a Blind Eye: Costly Enforcement, Credible Commitment and Minimum Wage Laws Author(s): Arnab K Basu, Nancy H Chau, Ravi Kanbur Published June 2005
DP5106	Patience Capital and the Demise of the Aristocracy Author(s): Matthias Doepke, Fabrizio Zilibotti Published June 2005
DP5105	Zero Returns to Compulsory Schooling in Germany: Evidence and Interpretation Author(s): Jörn-Steffen Pischke, Till von Wachter Published June 2005
DP5104	Trade Liberalization, Intermediate Inputs and Productivity: Evidence from Indonesia Author(s): Mary Amiti, Jozef Konings Published June 2005
DP5103	Changes in Infrastructure and Tariff Barriers: Local Vs. Global Impacts Author(s): Kristian Behrens, Andrea Lamorgese, Gianmarco Ottaviano, Takatoshi Tabuchi Published June 2005
DP5102	The Savings Behaviour of Temporary and Permanent Migrants in Germany Author(s): Thomas Bauer, Mathias Sinning Published June 2005
DP5101	Monetary Policy in the Euro Area: Lessons from Five Years of ECB and Implications for Turkey Author(s): Fabio Canova, Carlo A. Favero Published June 2005
DP5100	Making Sense of Bolkestein-Bashing: Trade Liberalization Under Segmented Labour Markets Author(s): Gilles Saint-Paul Published June 2005
DP5099	Education, Matching and the Allocative Value of Romance Author(s): Alison L Booth, Melvyn G Coles Published June 2005
DP5098	The Stability Threshold and Two Facts of Polarization Author(s): Ori Haimanko, Michel Le Breton, Shlomo Weber Published June 2005
DP5097	A Test of Trade Theories when Expenditure is Home Biased Author(s): Marius Brülhart, Federico Trionfetti Published June 2005
DP5096	Market Definition in the Printed Media Industry: Theory and Practice Author(s): Elena Argentesi, Marc Ivaldi Published June 2005
DP5095	Lending Booms and Lending Standards Author(s): Giovanni DellAriccia, Robert Marquez Published June 2005
DP5094	Money Supply and the Implementation of Interest Rate Targets Author(s): Andreas Schabert Published June 2005
DP5093	A Simple Scheme to Improve the Efficiency of Referenda Author(s): Alessandra Casella, Andrew Gelman Published June 2005
DP5092	The Killing Game: Reputation and Knowledge in Non-Democratic Succession Author(s): Georgy Egorov, Konstantin Sonin Published June 2005
DP5091	Does Labour Market Risk Increase the Size of the Public Sector? Evidence from Swedish Municipalities Author(s): Jonas Vlachos Published June 2005
DP5090	Income and Wealth Concentration in Switzerland Over the 20th Century Author(s): Fabien Dell, Thomas Piketty, Emmanuel Saez Published May 2005
DP5089	Culture: An Empirical Investigation of Beliefs, Work and Fertility Author(s): Raquel Fernández, Alessandra Fogli Published May 2005
DP5088	The Real Effect of Banking Crises Author(s): Giovanni DellAriccia, Enrica Detragiache, Raghuram G Rajan Published May 2005
DP5087	Is the Division of Labour Limited By the Extent of the Market? Evidence from French Cities Author(s): Gilles Duranton, Hubert Jayet Published May 2005
DP5086	Factor Supplies and the Direction of Technological Change Author(s): Helena Svaleryd, Jonas Vlachos Published May 2005
DP5085	The French Zones D'Education Prioritaire: Much Ado About Nothing? Author(s): Roland Bénabou, Francis Kramarz, Corinne Prost Published May 2005
DP5084	The Toehold Puzzle Author(s): Sandra Betton, B Espen Eckbo, Karin S Thorburn Published May 2005
DP5083	Immigration and Prices Author(s): Saul Lach Published May 2005
DP5082	Outsourcing and Technological Change Author(s): Ann P Bartel, Saul Lach, Nachum Sicherman Published May 2005
DP5081	Offshore Financial Centres: Parasites or Symbionts? Author(s): Andrew K Rose, Mark Spiegel Published May 2005
DP5080	The Simple Geometry of Transmission and Stabilization in Closed and Open Economies Author(s): Giancarlo Corsetti, Paolo Pesenti Published May 2005
DP5079	The Worldwide Economic Impact of the Revolutionary and Napoleonic Wars Author(s): Kevin Hjortshøj O'Rourke Published May 2005
DP5078	Networks of Relations and Social Capital Author(s): Steffen Lippert, Giancarlo Spagnolo Published May 2005
DP5077	The Benefits of Separating Early Retirees from the Unemployed: Simulation Results for Belgian Wage Earners Author(s): Raphael Desmet, Alain Jousten, Sergio Perelman Published May 2005
DP5076	Is Political Risk Company-Specific? The Market Side of the Yukos Affair Author(s): Alexei P. Goriaev, Konstantin Sonin Published May 2005
DP5075	A Theory of Brinkmanship, Conflicts, and Commitments Author(s): Michael Schwarz, Konstantin Sonin Published May 2005
DP5074	The 'Tampa' Effect. Australian Asylum Policy in International Perspective Author(s): Timothy J. Hatton, Audrey Lim Published May 2005
DP5073	The Impact of the Terms of Trade on Economic Development in the Periphery, 1870-1939: Volatility and Secular Change Author(s): Christopher Blattman, Jason Hwang, Jeffrey G Williamson Published May 2005
DP5072	Monetary Policy with Judgement: Forecast Targeting Author(s): Lars E.O. Svensson Published May 2005
DP5071	Robust Monetary Policy in a Small Open Economy Author(s): Kai Leitemo, Ulf Söderström Published May 2005
DP5070	Why and Where do Headquarters Move? Author(s): Vanessa Strauss-Kahn, Xavier Vives Published May 2005
DP5069	Labour Mobility During Transition: Evidence from the Czech Republic Author(s): Jan Fidrmuc Published May 2005
DP5068	Formation of Social Capital in Central and Eastern Europe: Understanding the Gap Vis-a-Vis Developed Countries Author(s): Jan Fidrmuc, Klarita Gërxhani Published May 2005
DP5067	Is It Trust we Model? An Attempt to Calculate the Non-Calculative Author(s): Stephanie Rosenkranz, Utz Weitzel Published May 2005
DP5066	India's De-Industrialization Under British Rule: New Ideas, New Evidence Author(s): David Clingingsmith, Jeffrey G Williamson Published May 2005
DP5065	Gifted Kids or Pushy Parents? Foreign Acquisitions and Plant Performance in Indonesia Author(s): Jens Arnold, Beata Javorcik Published May 2005
DP5064	Advertising Content Author(s): Simon P Anderson, Régis Renault Published May 2005
DP5063	Alliances in the Air: Some Worldwide Evidence Author(s): Philippe Gagnepain, Pedro Luis Marín Uribe Published May 2005
DP5062	Political Predation and Economic Development Author(s): Jean-Paul Azam, Robert H Bates, Bruno Biais Published May 2005
DP5061	SMEs and Bank Lending Relationships: The Impact of Mergers Author(s): Hans Degryse, Nancy Masschelein, Janet Mitchell Published May 2005
DP5060	Strategic R&D Location by Multinational Firms: Spillovers, Technology Sourcing and Competition Author(s): Rene Belderbos, Elissavet Lykogianni, Reinhilde Veugelers Published May 2005
DP5059	Global View of Economic Growth Author(s): Jaume Ventura Published May 2005
DP5058	Refugees, Asylum Seekers and Policy in Europe Author(s): Timothy J. Hatton, Jeffrey G Williamson Published May 2005
DP5057	Does Self-Employment Reduce Unemployment? Author(s): David B Audretsch, Martin A Carree, A R Roy Thurik, André van Stel Published May 2005
DP5056	Rule-Based Monetary Policy Under Central Banking Learning Author(s): Kosuke Aoki, Kalin Nikolov Published May 2005
DP5055	Who is Against Immigration? A Cross-Country Investigation of Individual Attitudes Towards Immigration Author(s): Anna Maria Mayda Published May 2005
DP5054	The Time-Series Properties of Aggregate Consumption: Implications for the Costs of Fluctuations Author(s): Ricardo Reis Published May 2005
DP5053	Inattentive Consumers Author(s): Ricardo Reis Published May 2005
DP5052	Should Uniform Pricing Contraints be Imposed on Entrants? Author(s): Steffen Hoernig Published May 2005
DP5050	Measuring Income Elasticity for Swiss Money Demand: What Do the Cantons Say About Financial Innovation? Author(s): Andreas M Fischer Published May 2005
DP5049	Would Multilateral Trade Reform Benefit Sub-Saharan Africans? Author(s): Kym Anderson, Will Martin, Dominique van der Mensbrugghe Published May 2005
DP5048	Must Try Harder. Evaluating the Role of Effort in Educational Attainment Author(s): Gianni De Fraja, Tania Oliveira, Luisa Zanchi Published May 2005
DP5047	Human Capital and Optimal Positive Taxation of Capital Income Author(s): A Lans Bovenberg, Bas Jacobs Published May 2005
DP5046	Optimal Transfers and Participation Decisions in International Environmental Agreements Author(s): Carlo Carraro, Johan Eyckmans, Michael Finus Published May 2005
DP5045	Trade Preferences to Small Developing Countries and the Welfare Costs of Lost Multilateral Liberalization Author(s): Nuno Limão, Marcelo Olarreaga Published May 2005
DP5044	What Determines the Future Value of an Icon Wine? New Evidence from Australia Author(s): Kym Anderson, Danielle Wood Published May 2005
DP5043	In Praise of Fiscal Restraint and Debt Rules. What the Euro Zone Might Do Now Author(s): Andrew Hughes Hallett Published May 2005
DP5042	Forming Rational Expectations and When it is Right to be 'Wrong' Author(s): Maria Demertzis, Andrew Hughes Hallett Published May 2005
DP5041	Portfolio Selection with Parameter and Model Uncertainty: A Multi-Prior Approach Author(s): Lorenzo Garlappi, Raman Uppal, Tan Wang Published May 2005
DP5040	On the Optimal Progressivity of the Income Tax Code Author(s): Juan Carlos Conesa, Dirk Krueger Published May 2005
DP5039	Pareto Improving Social Security Reform when Financial Markets Are Incomplete Author(s): Dirk Krueger, Felix Kübler Published May 2005
DP5038	Intermediaries as Bundlers, Traders and Quality Assessors: The Case of UK Tour Operators Author(s): Sofronis Clerides, Paris Nearchou, Panos Pashardes Published May 2005
DP5037	A Cross-Country Financial Accelerator: Evidence from North America and Europe Author(s): Ashoka Mody, Lucio Sarno, Mark P Taylor Published May 2005
DP5036	Regulating Financial Conglomerates Author(s): Xavier Freixas, Gyöngyi Lóránth, Alan Morrison Published May 2005
DP5035	A Study of Inefficient Going Concerns in Bankruptcy Author(s): Julian R Franks, Gyöngyi Lóránth Published May 2005
DP5034	Regional and Sub-Global Climate Blocs. A Game-Theoretic Perspective on Bottom-up Climate Regimes Author(s): Barbara Buchner, Carlo Carraro Published May 2005
DP5033	Dual Employment Protection Legislation: A Framework for Analysis Author(s): Juan J. Dolado, Marcel Jansen, Juan F Jimeno Published May 2005
DP5032	Implementation Cycles in the New Economy Author(s): Pasquale Scaramozzino, Jonathan Temple, Nir Vulkan Published May 2005
DP5031	Information Exchange and Competition in Communications Networks Author(s): Carlo Cambini, Tommaso Valletti Published May 2005
DP5030	The Affectionate Society: Does Competition for Partners Promote Friendliness? Author(s): Hans Gersbach, Hans Haller Published May 2005
DP5029	Real Exchange Rate Overshooting RBC Style Author(s): David Meenagh, Patrick Minford, Eric Nowell, Prakriti Sofat Published April 2005
DP5028	Agglomeration and the Adjustment of the Spatial Economy Author(s): Pierre-Philippe Combes, Gilles Duranton, Henry G Overman Published April 2005
DP5027	Funding Modes of German Banks: Structural Changes and its Implications Author(s): Lars Norden, Martin Weber Published April 2005
DP5026	The Replacement Problem in Frictional Economies: An 'Equivalence Result' Author(s): Andreas Hornstein, Per Krusell, Giovanni L. Violante Published April 2005
DP5025	The Effects of Technical Change on Labour Market Inequalities Author(s): Andreas Hornstein, Per Krusell, Giovanni L. Violante Published April 2005
DP5024	Finite State Dynamic Games with Asymmetric Information: A Framework for Applied Work Author(s): Chaim Fershtman, Ariel Pakes Published April 2005
DP5023	Reciprocal Dumping with Bertrand Competition Author(s): Richard Friberg, Mattias Ganslandt Published April 2005
DP5022	Parallel Trade, International Exhaustion and Intellectual Property Rights: A Welfare Analysis Author(s): Stefan Szymanski, Tommaso Valletti Published April 2005
DP5021	Betting on Hitler - The Value of Political Connections in Nazi Germany Author(s): Thomas Ferguson, Hans-Joachim Voth Published April 2005
DP5020	The Role of Risk Aversion and Intertemporal Substitution in Dynamic Consumption-Portfolio Choicewith Recursive Utility Author(s): Harjoat S. Bhamra, Raman Uppal Published April 2005
DP5019	Stochastic Optimization and Worst Case Analysis in Monetary Policy Design Author(s): Berc Rustem, Volker Wieland, Stan Zakovic Published April 2005
DP5018	Peer Effects in Austrian Schools Author(s): Nicole Schneeweis, Rudolf Winter-Ebmer Published April 2005
DP5017	Explaining The Equity Risk Premium Author(s): Laurian Lungu, Patrick Minford Published April 2005
DP5016	The Insiders' Dilemma: An Experiment on Merger Formation Author(s): Tobias Lindqvist, Johan Stennek Published April 2005
DP5015	The Costs of Remoteness: Evidence from German Division and Reunification Author(s): Stephen J. Redding, Daniel M Sturm Published April 2005
DP5014	Optimality and Renegotiation in Dynamic Contracting Author(s): Marco Battaglini Published April 2005
DP5013	Democratic Mechanisms: Double Majority Rules and Flexible Agenda Costs Author(s): Hans Gersbach Published April 2005
DP5012	Awareness of General Equilibrium Effects and Unemployment Author(s): Hans Gersbach, Achim Schniewind Published April 2005
DP5011	Efficient Tuition & Fees, Examinations and Subsidies Author(s): Robert J. Gary-Bobo, Alain Trannoy Published April 2005
DP5010	Money and the Size of Transactions Author(s): Joseph Zeira Published April 2005
DP5009	City Structure, Job Search and Labour Discrimination. Theory and Policy Implications Author(s): Harris Selod, Yves Zenou Published April 2005
DP5008	Shock Identification of Macroeconomic Forecasts Based on Daily Panels Author(s): Marlene Amstad, Andreas M Fischer Published April 2005
DP5007	Does Fertility Respond to Financial Incentives? Author(s): Guy Laroque, Bernard Salanié Published April 2005
DP5006	Offsetting the Incentives: Risk Shifting and Benefits of Benchmarking in Money Management Author(s): Suleyman Basak, Anna Pavlova, Alex Shapiro Published April 2005
DP5005	Implementing the Stability and Growth Pact: Enforcement and Procedural Flexibility Author(s): Roel Beetsma, Xavier Debrun Published April 2005
DP5004	Intermodal and Intramodal Competition in Passenger Rail Transport Author(s): Marc Ivaldi, Catherine Vibes Published April 2005
DP5003	Dynamic Monopoly Pricing and Herding Author(s): Subir Bose, Gerhard O Orosel, Marco Ottaviani, Lise Vesterlund Published April 2005
DP5002	The Impact of TFP Growth on Steady-State Unemployment Author(s): Christopher Pissarides, Giovanna Vallanti Published April 2005
DP5001	Conflicts of Interest in Sell-Side Research and the Moderating Role of Institutional Investors Author(s): Alexander P. Ljungqvist, Felicia Marston, Laura T Starks, Kelsey D. Wei, Hong Yan Published April 2005
DP5000	Welfare Trade-Offs in US Rail Mergers Author(s): Marc Ivaldi, Gerard McCullough Published April 2005
DP4999	Rules of Origin as Export Subsidies Author(s): Olivier Cadot, Antoni Estevadeordal, Akiko Suwa Eisenmann Published April 2005
DP4998	Product Specific Rules of Origin in EU and US Preferential Trading Agreements: An Assessment Author(s): Olivier Cadot, Céline Carrère, Jaime de Melo, Bolormaa Tumurchudur Published April 2005
DP4997	Unemployment and Right-Wing Extremist Crime Author(s): Armin Falk, Josef Zweimüller Published April 2005
DP4996	Two at the Top: Quality Differentiation in Markets with Switching Costs Author(s): Thomas Gehrig, Rune Stenbacka Published April 2005
DP4995	Equilibria in a Dynamic Global Game: The Role of Cohort Effects Author(s): Paul Heidhues, Nicolas Melissas Published April 2005
DP4994	A Model of Corporate Liquidity Author(s): Ronald W. Anderson, Andrew Carverhill Published April 2005
DP4993	Entry, Cost Reduction and Competition in The Portuguese Mobile Telephone Industry Author(s): Philippe Gagnepain, Pedro Pereira Published April 2005
DP4992	The Public Management of Environmental Risk: Separating Ex Ante and Ex Post Monitors Author(s): Yolande Hiriart, David Martimort, Jérôme Pouyet Published April 2005
DP4991	Cannabis Prices and Dynamics of Cannabis Use Author(s): Jan C. van Ours, Jenny Williams Published April 2005
DP4990	Cooperation in International Banking Supervision Author(s): Cornelia Holthausen, Thomas Rønde Published April 2005
DP4989	Commercial Television and Voter Information Author(s): Andrea Prat, David Strömberg Published April 2005
DP4988	Non-Discretionary and Automatic Fiscal Policy in the EU and the OECD Author(s): Jacques Melitz Published April 2005
DP4987	Where is the Market? Evidence from Cross-Listings Author(s): Michael Halling, Marco Pagano, Otto Randl, Josef Zechner Published April 2005
DP4986	How Changes in Financial Incentives Affect the Duration of Unemployment Author(s): Rafael Lalive, Jan C. van Ours, Josef Zweimüller Published April 2005
DP4985	Income Distribution and Demand-Induced Innovations Author(s): Reto Foellmi, Josef Zweimüller Published April 2005
DP4984	Home Production, Market Production and the Gender Wage Gap: Incentives and Expectations Author(s): Stefania Albanesi, Claudia Olivetti Published April 2005
DP4983	Demand and Distance: Evidence on Cross-Border Shopping Author(s): Björn Marcus Asplund, Richard Friberg, Fredrik Wilander Published April 2005
DP4982	Testing for Reference Dependence: An Application to the Art Market Author(s): Alan Beggs, Kathryn Graddy Published April 2005
DP4981	Monetary Policy in Real Time Author(s): Domenico Giannone, Lucrezia Reichlin, Luca Sala Published March 2005
DP4980	Can we Trust Private Firms as Suppliers of Vaccines for the Avian Influenza? Author(s): Rikard Forslid Published March 2005
DP4979	The Quality of Entrepreneurs Author(s): Hans K Hvide Published March 2005
DP4978	Trade Costs and Location of Foreign Firms in China Author(s): Mary Amiti, Beata Javorcik Published March 2005
DP4977	Leading Indicators: What Have We Learned? Author(s): Massimiliano Marcellino Published March 2005
DP4976	A Comparison of Direct and Iterated Multistep AR Methods for Forecasting Macroeconomic Time Series Author(s): Massimiliano Marcellino, James H Stock, Mark W Watson Published March 2005
DP4975	Jump-and-Rest Effects of US Business Cycles Author(s): Maximo Camacho, Gabriel Pérez-Quirós Published March 2005
DP4974	Money Demand and Macroeconomic Stability Revisited Author(s): Andreas Schabert, Christian Stoltenberg Published March 2005
DP4973	The Clash of Liberalizations: Preferential vs. Multilateral Trade Liberalization in the European Union Author(s): Baybars Karacaovali, Nuno Limão Published March 2005
DP4972	Bertrand Equilibria and Sharing Rules Author(s): Steffen Hoernig Published March 2005
DP4971	Reforming the Formula: A Modest Proposal for Introducing Development Outcomes in IDA Allocation Procedures Author(s): Ravi Kanbur Published March 2005
DP4970	The Need for Institutional Changes in the Global Financial System: An Analytical Framework Author(s): Stijn Claessens, Geoffrey R D Underhill Published March 2005
DP4969	Information Channels in Labour Markets. On the Resilience of Referral Hiring Author(s): Alessandra Casella, Nobuyuki Hanaki Published March 2005
DP4968	Favouritism and Financial Incentives: A Natural Experiment Author(s): Neil Rickman, Robert Witt Published March 2005
DP4967	Liquidity, Risk-Taking and the Lender of Last Resort Author(s): Rafael Repullo Published March 2005
DP4966	On Sustainable Pay-As-You-Go Systems Author(s): Gabrielle Demange Published March 2005
DP4965	Trade and Growth with Heterogeneous Firms Author(s): Richard Baldwin, Frédéric Robert-Nicoud Published March 2005
DP4964	Productivity Spillovers, Terms of Trade and the 'Home Market Effect' Author(s): Giancarlo Corsetti, Philippe Martin, Paolo Pesenti Published March 2005
DP4963	Product Market Integration, Wages and Inequality Author(s): Torben M Andersen, Allan Sorensen Published March 2005
DP4962	How Changes in Benefits Entitlement Affect the Duration of Unemployment Author(s): Jan C. van Ours, Milan Vodopivec Published March 2005
DP4961	Do Mergers Improve Information? Evidence from the Loan Market Author(s): Fabio Panetta, Fabiano Schivardi, Matthew Shum Published March 2005
DP4960	Loss Functions in Option Valuation: A Framework for Model Selection Author(s): Dennis Bams, Thorsten Lehnert, Christian C Wolff Published March 2005
DP4959	Time Variation in Term Premia: International Evidence Author(s): Ron Jongen, Willem F C Verschoor, Christian C Wolff Published March 2005
DP4958	Forecasting the Spot Exchange Rate with the Term Structure of Forward Premia: Multivariate Threshold Cointegration Author(s): Michel R van Tol, Christian C Wolff Published March 2005
DP4957	A Phillips Curve for China Author(s): Jörg Scheibe, David Vines Published March 2005
DP4956	Insurance Policies for Monetary Policy in the Euro Area Author(s): Keith Küster, Volker Wieland Published March 2005
DP4955	Agency Conflicts, Investment and Asset Pricing Author(s): Rui Albuquerque, Neng Wang Published March 2005
DP4954	The Impact of Turkey's Membership on EU Voting Author(s): Richard Baldwin, Mika Widgrén Published March 2005
DP4953	The Foreign Service and Foreign Trade: Embassies as Export Promotion Author(s): Andrew K Rose Published March 2005
DP4952	Belief in a Just World and Redistributive Politics Author(s): Roland Bénabou, Jean Tirole Published March 2005
DP4951	Allocation of Prizes in Asymmetric All-Pay Auctions Author(s): Chen Cohen, Aner Sela Published March 2005
DP4950	Did Inflation Really Soar After the Euro Cash Changeover? Indirect Evidence from ATM Withdrawals Author(s): Paolo Angelini, Francesco Lippi Published March 2005
DP4949	Do Locational Spillovers Pay? Empirical Evidence from German IPO Data Author(s): David B Audretsch, Erik E Lehmann Published March 2005
DP4948	Monetary Policy with Single Instrument Feedback Rules Author(s): Bernardino Adão, Isabel Correia, Pedro Teles Published March 2005
DP4947	The Early Modern Great Divergence: Wages, Prices and Economic Development in Europe and Asia, 1500-1800 Author(s): Stephen N Broadberry, Bishnupriya Gupta Published March 2005
DP4946	Demand for Education and Labour Market Outcomes: Lessons from the Abolition of Compulsory Conscription in France Author(s): Eric Maurin, Theodora Xenogiani Published March 2005
DP4945	Assessing the Foreign Control of Production of Technology: The Case of a Small Open Economy Author(s): Michele Cincera, Bruno van Pottelsberghe de la Potterie, Reinhilde Veugelers Published March 2005
DP4944	Financing and the Protection of Innovators Author(s): Gerard Llobet, Javier Suarez Published March 2005
DP4943	Neoclassical Growth and the 'Trivial' Steady State Author(s): Hendrik Hakenes, Andreas Irmen Published March 2005
DP4942	Learning Foreign Languages.Theoretical and Empirical Implications of the Selten and Pool Model Author(s): Victor Ginsburgh, Ignacio Ortuño-Ortín, Shlomo Weber Published March 2005
DP4941	Time Consistency of Fiscal and Monetary Policy: A Solution Author(s): Torsten Persson, Mats Persson, Lars E.O. Svensson Published March 2005
DP4940	Vive la Révolution! Long Term Returns of 1968 to the Angry Students Author(s): Eric Maurin, Sandra McNally Published March 2005
DP4939	Marriage and the City Author(s): Pieter A. Gautier, Michael Svarer, Coen N Teulings Published March 2005
DP4938	Forms of Democracy, Policy and Economic Development Author(s): Torsten Persson Published February 2005
DP4937	How Transition Paths Differ: Enterprise Performance in Russia and China Author(s): Sumon Kumar Bhaumik, Saul Estrin Published February 2005
DP4936	A Simple Model of Economic Geography à la Helpman-Tabuchi Author(s): Yasusada Murata, Jacques-François Thisse Published February 2005
DP4935	Do Risk Premia Protect from Banking Crises? Author(s): Hans Gersbach, Jan Wenzelburger Published February 2005
DP4934	Optimal Sliding Scale Regulation: An Application to Regional Electricity Distribution in England and Wales Author(s): David Hawdon, Lester Hunt, Paul L Levine, Neil Rickman Published February 2005
DP4933	Rising Trade Costs? Agglomeration and Trade with Endogenous Transaction Costs Author(s): Gilles Duranton, Michael Storper Published February 2005
DP4932	The Corporate Governance of Defined-Benefit Pension Plans: Evidence from the United Kingdom Author(s): Joâo Francisco P.D. Cocco, Paolo Volpin Published February 2005
DP4931	Does Longevity Cause Growth? Author(s): Moshe Hazan, Hosny Zoabi Published February 2005
DP4930	Asset Pricing Implications of Pareto Optimality with Private Information Author(s): Narayana Kocherlakota, Luigi Pistaferri Published February 2005
DP4929	Trade Protection and Industry Wage Structure in Poland Author(s): Chor-Ching Goh, Beata Javorcik Published February 2005
DP4928	Je T'aime, Moi Non Plus: Bilateral Opinions and International Trade Author(s): Anne-Célia Disdier, Thierry Mayer Published February 2005
DP4927	Job Security and Job Protection Author(s): Andrew E Clark, Fabien Postel-Vinay Published February 2005
DP4925	Strategic Experimentation and Disruptive Technological Change Author(s): Fabiano Schivardi, Martin Schneider Published February 2005
DP4924	Managerial Leverage is Limited By the Extent of the Market: Hierarchies, Specialization and the Utilization of Lawyers' Human Capital Author(s): Luis Garicano, Thomas Hubbard Published February 2005
DP4923	International Financial Adjustment Author(s): Pierre-Olivier Gourinchas, Hélène Rey Published February 2005
DP4922	Euler Equation Errors Author(s): Martin Lettau, Sydney C. Ludvigson Published February 2005
DP4921	Why is Long-Horizon Equity Less Risky? A Duration-based Explanation of the Value Premium Author(s): Martin Lettau, Jessica Wachter Published February 2005
DP4920	Current Account Theory and the Dynamics of US Net Foreign Liabilities Author(s): Giancarlo Corsetti, Panagiotis T Konstantinou Published February 2005
DP4919	Retained State Shareholding in Chinese PLCs: Does Government Ownership Reduce Corporate Value? Author(s): Saul Estrin, Lihui Tian Published February 2005
DP4918	Are the Welfare State and Distribution Really that Bad for the Economy? Effects of Reciprocal Altruism, Consumer Rivalry and Second Best Author(s): Frederick van der Ploeg Published February 2005
DP4917	A Full Equilibrium Relevant Market Test: Application to Computer Servers Author(s): Marc Ivaldi, Szabolcs Lörincz Published February 2005
DP4916	Cross-Country Variations in Capital Structures: The Role of Bankruptcy Codes Author(s): Viral V. Acharya, Kose John, Rangarajan K Sundaram Published February 2005
DP4915	Trends in Hours, Balanced Growth and the Role of Technology in the Business Cycle Author(s): Jordi Galí Published February 2005
DP4914	The Term Structure of the Risk-Return Tradeoff Author(s): John Y Campbell, Luis M Viceira Published February 2005
DP4913	Dynamic Consumption and Portfolio Choice with Stochastic Volatility in Incomplete Markets Author(s): George Chacko, Luis M Viceira Published February 2005
DP4912	Identifying Technology Spillovers and Product Market Rivalry Author(s): Nicholas Bloom, Mark Schankerman, John Van Reenen Published February 2005
DP4911	Monetary Policies for Developing Countries: The Role of Institutional Quality Author(s): Haizhou Huang, Shang-Jin Wei Published February 2005
DP4910	The Predictive Power of the Yield Spread: Further Evidence and A Structural Interpretation Author(s): Carlo A. Favero, Iryna Kaminska, Ulf Söderström Published February 2005
DP4909	Parameter Instability, Model Uncertainty and the Choice of Monetary Policy Author(s): Carlo A. Favero, Fabio Milani Published February 2005
DP4908	Regional Wage and Employment Responses to Market Potential in the EU Author(s): Keith Head, Thierry Mayer Published February 2005
DP4907	A Theory of Influence: The Strategic Value of Public Ignorance Author(s): Isabelle Brocas, Juan D Carrillo Published February 2005
DP4906	Legal, Actual and Desirable Independence: A Case Study of the Bank of Israel Author(s): Alex Cukierman Published February 2005
DP4905	Entrepreneurship Capital - Determinants and Impact Author(s): David B Audretsch, Max Keilbach Published February 2005
DP4904	The Demise of Investment Banking Partnerships: Theory and Evidence Author(s): Alan Morrison, William J Wilhelm Jr Published February 2005
DP4903	Foreign Direct Investment, Competitive Pressure and Spillovers. An Empirical Analysis of Spanish Firm Level Data Author(s): Alessandro Sembenelli, Georges Siotis Published February 2005
DP4902	Exclusive Dealing, Entry and Mergers Author(s): Chiara Fumagalli, Massimo Motta, Lars Persson Published February 2005
DP4901	Structuring and Restructuring Sovereign Debt: The Role of Seniority Author(s): Patrick Bolton, Olivier Jeanne Published February 2005
DP4900	Autopsy on an Empire: Understanding Mortality in Russia and the Former Soviet Union Author(s): Elizabeth Brainerd, David M Cutler Published February 2005
DP4899	Demand Reduction and Pre-emptive Bidding in Multi-Unit License Auctions Author(s): Jacob K. Goeree, Theo Offerman, Randolph Sloof Published February 2005
DP4897	Back to Keynes? Author(s): Frederick van der Ploeg Published February 2005
DP4896	Rolling Back the Public Sector - Differential Effects on Unemployment, Investment and Growth Author(s): Frederick van der Ploeg Published February 2005
DP4895	Globalization and Disinflation: The Efficiency Channel Author(s): Prakash Loungani, Assaf Razin Published February 2005
DP4894	Firms' Productivity Growth and R&D Spillovers: An Analysis of Alternative Technological Proximity Measures Author(s): Michele Cincera Published February 2005
DP4893	Pricing Behaviour and the Introduction of the Euro: Evidence from a Panel of Restaurants Author(s): Eugenio Gaiotti, Francesco Lippi Published February 2005
DP4892	The Economics of Books Author(s): Marcel Canoy, Frederick van der Ploeg, Jan C. van Ours Published February 2005
DP4891	Intermediation in Innovation Author(s): Heidrun C. Hoppe-Wewetzer, Emre Ozdenoren Published February 2005
DP4890	Party Governance and Political Competition with an Application to the American Direct Primacy Author(s): Micael Castanheira, Benoît SY Crutzen, Nicolas Sahuguet Published February 2005
DP4889	Credit Crunch and Keynesian Contraction: Argentina in Crisis Author(s): Javier García-Fronti, Marcus Miller, Lei Zhang Published January 2005
DP4888	The US Current Account and the Dollar Author(s): Olivier Blanchard, Francesco Giavazzi, Filipa Sá Published February 2005
DP4887	Location Choice and Employment Decisions: A Comparison of German and Swedish Multinationals Author(s): Sascha O. Becker, Karolina Ekholm, Robert Jäckle, Marc-Andreas Muendler Published February 2005
DP4886	Is Cash Negative Debt? A Hedging Perspective on Corporate Financial Policies Author(s): Viral V. Acharya, Heitor Almeida, Murillo Campello Published February 2005
DP4885	Experimental Evidence on the Persistence of Output and Inflation Author(s): Klaus Adam Published January 2005
DP4884	Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the US Author(s): Nuno Limão Published January 2005
DP4883	On the Community Patent Author(s): Steffen Hoernig Published January 2005
DP4882	Retirement Expectations, Pension Reforms and Their Effect on Private Wealth Accumulation Author(s): Renata Bottazzi, Tullio Jappelli, Mario Padula Published January 2005
DP4881	Child Labour, Crop Shocks and Credit Constraints Author(s): Kathleen Beegle, Rajeev H Dehejia, Roberta Gatti Published January 2005
DP4880	Optimal Monetary Policy Rules, Asset Prices and Credit Frictions Author(s): Ester Faia, Tommaso Monacelli Published January 2005
DP4879	The Effects of Globalization on Worker Training Author(s): Hans Gersbach, Armin Schmutzler Published January 2005
DP4878	Benefits of Broad-based Option Pay Author(s): Roman Inderst, Holger M Mueller Published January 2005
DP4877	Is Poland the Next Spain? Author(s): Francesco Caselli, Silvana Tenreyro Published January 2005
DP4876	How to Win Twice at an Auction: On the Incidence of Commissions in Auction Markets Author(s): Victor Ginsburgh, Patrick Legros, Nicolas Sahuguet Published January 2005
DP4875	Disenfranchisement in Linguistically Diverse Societies: The Case of the European Union Author(s): Victor Ginsburgh, Ignacio Ortuño-Ortín, Shlomo Weber Published January 2005
DP4874	Indeterminacy and Unemployment Fluctuations with Constant Returns to Scale in Production Author(s): Frédéric Dufourt, Teresa Lloyd-Braga, Leonor Modesto Published January 2005
DP4873	Bidding in Mandatory Bankruptcy Auctions: Theory and Evidence Author(s): B Espen Eckbo, Karin S Thorburn Published January 2005
DP4872	A Multi-Country Approach to Factor-Proportions Trade and Trade Costs Author(s): James R. Markusen, Anthony Venables Published January 2005
DP4871	Privatization and Restructuring in Concentrated Markets Author(s): Pehr-Johan Norbäck, Lars Persson Published January 2005
DP4870	Relational Delegation Author(s): Ricardo Alonso, Niko Matouschek Published January 2005
DP4869	Equilibrium Exchange Rates in Central and Eastern Europe: A Meta-Regression Analysis Author(s): Balázs Égert, László Halpern Published January 2005
DP4868	Foreign Investment, Corporate Ownership, and Development: Are Firms in Emerging Markets Catching Up to the World Standard? Author(s): Klara Sabirianova Peter, Jan Svejnar, Katherine Terrell Published January 2005
DP4867	Financial Markets and Wages Author(s): Claudio Michelacci, Vincenzo Quadrini Published January 2005
DP4866	The Reform of October 1979: How it Happened and Why Author(s): David E Lindsey, Athanasios Orphanides, Robert H Rasche Published January 2005
DP4865	The Decline of Activist Stabilization Policy: Natural Rate Misperceptions, Learning and Expectations Author(s): Athanasios Orphanides, John C Williams Published January 2005
DP4864	Policy-oriented Parties and the Choice Between Social and Private Insurance Author(s): Philippe De Donder, Jean Hindricks Published January 2005
DP4863	The Evolution of Retirement Author(s): José Ignacio Conde-Ruiz, Vincenzo Galasso, Paola Profeta Published January 2005
DP4862	Do Demand Curves for Currencies Slope Down? Evidence from the MSCI Global Index Change Author(s): Harald Hau, Massimo Massa, Joël Peress Published January 2005
DP4861	Earnings Manipulation and Incentives in Firms Author(s): Guido Friebel, Sergei Guriev Published January 2005
DP4860	Growth, Distance to Frontier and Composition of Human Capital Author(s): Philippe Aghion, Costas Meghir, Jérôme Vandenbussche Published January 2005
DP4859	Gains From Trade in Used Goods: Evidence from the Global Market for Automobiles Author(s): Sofronis Clerides Published January 2005
DP4858	Firm-Specific Capital, Nominal Rigidities and the Business Cycle Author(s): David E Altig, Lawrence J. Christiano, Martin Eichenbaum, Jesper Lindé Published January 2005
DP4857	Does Distance Matter in Spillover? Author(s): Muraközy Balázs, László Halpern Published January 2005
DP4856	Pill, Patch or Shot? Subjective Expectations and Birth Control Choice Author(s): Adeline Delavande Published January 2005
DP4855	World Finance and the US 'New Economy': Risk Sharing and Risk Exposure Author(s): Marcus Miller, Lei Zhang Published January 2005
DP4854	Central Bank Forecasts and Disclosure Policy: Why it Pays to be Optimistic Author(s): Sylvester C W Eijffinger, Mewael F. Tesfaselassie Published January 2005
DP4853	Optimal Life-Cycle Asset Allocation: Understanding the Empirical Evidence Author(s): Francisco J Gomes, Alexander Michaelides Published January 2005
DP4852	Wealth Accumulation and Portfolio Choice with Taxable and Tax-Deferred Accounts Author(s): Francisco J Gomes, Alexander Michaelides, Valery Polkovnichenko Published January 2005
DP4851	Long run Effects of Public Sector Sponsored Training in West Germany Author(s): Michael Lechner, Ruth Miquel, Conny Wunsch Published January 2005
DP4850	Earnings Manipulation and Incentives in Firms Author(s): Guido Friebel, Sergei Guriev Published January 2005
DP4849	The Impact of Consumer Loss Aversion on Pricing Author(s): Paul Heidhues, Botond Köszegi Published January 2005
DP4848	On the Fit and Forecasting Performance of New Keynesian Models Author(s): Marco Del Negro, Frank Schorfheide, Frank Smets, Rafael Wouters Published January 2005
DP4847	Macroeconomic Asymmetry in the European Union: The Difference Between New and Old Members Author(s): Yuliya Demyanyk, Vadym Volosovych Published January 2005
DP4846	Economic Fluctuations in Central and Eastern Europe: The Facts Author(s): Péter Benczúr, Attila Rátfai Published January 2005
DP4845	Granger Causality of the Inflation-Growth Mirror in Accession Countries Author(s): Max Gillman, Anton Nakov Published January 2005
DP4844	Inflation Scares and Forecast-Based Monetary Policy Author(s): Athanasios Orphanides, John C Williams Published January 2005
DP4843	The Macroeconomics of Subsistence Points Author(s): Morten O Ravn, Stephanie Schmitt-Grohé, Martín Uribe Published January 2005
DP4842	Estimating the Effects of Fiscal Policy in OECD Countries Author(s): Roberto Perotti Published January 2005
DP4841	Playing it Safe with Low Conditional Fees versus Being Insured by High Contingent Fees Author(s): Winand Emons Published January 2005
DP4839	Do Foreign Investors Care About Labour Market Regulations? Author(s): Beata Javorcik, Mariana Spatareanu Published January 2005
DP4838	Trade-Inducing Quality Standards for Used Durables Author(s): Sofronis Clerides, Costas Hadjiyiannis Published January 2005
DP4837	Cultural Biases in Economic Exchange Author(s): Luigi Guiso, Paola Sapienza, Luigi Zingales Published January 2005
DP4836	Globalization and Union Opposition to Technological Change Author(s): Kjell Erik Lommerud, Frode Meland, Odd Rune Straume Published January 2005
DP4835	The Role of Asymmetries and Regime Shifts in the Term Structure of Interest Rates Author(s): Richard Clarida, Lucio Sarno, Mark P Taylor, Giorgio Valente Published January 2005
DP4834	Class and Tastes: The Effects of Income and Preference Heterogeneity on Redistribution Author(s): Raquel Fernández, Gilat Levy Published January 2005
DP4833	The Choice of Seasoned-Equity Selling Mechanism: Theory and Evidence Author(s): B Espen Eckbo, Øyvind Norli Published January 2005
DP4832	Liquidity Risk, Leverage and Long-Run IPO Returns Author(s): B Espen Eckbo, Øyvind Norli Published January 2005
DP4831	Mergers with Product Market Risk Author(s): Albert Banal-Estanol, Marco Ottaviani Published January 2005
DP4830	The Reliability of Inflation Forecasts Based on Output Gap Estimates in Real Time Author(s): Athanasios Orphanides, Simon van Norden Published January 2005
DP4829	Limits of Arbitrage and Corporate Financial Policy Author(s): Massimo Massa, Urs Peyer, Zhenxu Tong Published January 2005
DP4828	Monetary Policy Uncertainty and the Stock Market Author(s): Alberto Locarno, Massimo Massa Published January 2005
DP4827	The Effects of Permanent Technology Shocks on Labour Productivity and Hours in the RBC Model Author(s): Jesper Lindé Published January 2005
DP4826	Globalization and Disinflation: A Note Author(s): Assaf Razin Published January 2005
DP4825	Shooting the Auctioneer Author(s): Roger E A Farmer Published January 2005
DP4824	Are European Business Cycles Close Enough to be Just One? Author(s): Maximo Camacho, Gabriel Pérez-Quirós, Lorena Sáiz Matute Published January 2005

Total Papers Listed: 589

List update: 22/01/2021 10:01:50