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Euro Area Government Bonds—Integration and Fragmentation During the Sovereign Debt Crisis
Ehrmann, Michael; Fratzscher, Marcel - C.E.P.R. Discussion Papers - 2015
in yields following the OMT announcement, the high current degree of fragmentation poses difficult challenges for policy …-makers, since it leads to an unequal transmission of the ECB’s monetary policy to the various countries. …
Persistent link: https://www.econbiz.de/10011276387
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Cartels Uncovered
Hyytinen, Ari; Steen, Frode; Toivanen, Otto - C.E.P.R. Discussion Papers - 2010
How many cartels are there? The answer is important in assessing the efficiency of competition policy. We present a … industry or not. Our model identifies key policy parameters from data generated under different competition policy regimes and …
Persistent link: https://www.econbiz.de/10008468608
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Endogenous Minimum Participation in International Environmental Treaties
Carraro, Carlo; Marchiori, Carmen; Oreffice, Sonia - C.E.P.R. Discussion Papers - 2004
Many international treaties come into force only after a minimum number of countries have signed and ratified the treaty. Why do countries agree to introduce a minimum participation constraint among the rules characterizing an international treaty? This question is particularly relevant in the...
Persistent link: https://www.econbiz.de/10005123732
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On the Consequences of the US Withdrawal from the Kyoto/Bonn Protocol
Buchner, Barbara; Carraro, Carlo; Cersosimo, Igor - C.E.P.R. Discussion Papers - 2002
The US decision not to ratify the Kyoto Protocol and the recent outcomes of the Bonn and Marrakech Conferences of the Parties has important implications for both the effectiveness and the efficiency of future climate policies. Among these implications, those related with technical change and...
Persistent link: https://www.econbiz.de/10005124246
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Can Equity Enhance Efficiency? Some Lessons from Climate Negotiations
Bosello, Francesco; Buchner, Barbara; Carraro, Carlo; … - C.E.P.R. Discussion Papers - 2003
free-riding incentives is a policy mix in which global emission trading is coupled with a transfer mechanism designed to …
Persistent link: https://www.econbiz.de/10005136584
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The Welfare Effects of Bundling in Multichannel Television Markets
Crawford, Gregory S; Yurukoglu, Ali - C.E.P.R. Discussion Papers - 2011
We measure how the bundling of television channels affects welfare. We estimate an industry model of viewership, demand, pricing, bundling, and input market bargaining using data on ratings, purchases, prices, bundles, and input costs. We conduct simulations of à la carte policies that require...
Persistent link: https://www.econbiz.de/10009001064
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Exchange Rate Regimes in the Modern Era: Fixed, Floating, and Flaky
Rose, Andrew K - C.E.P.R. Discussion Papers - 2010
This paper provides a selective survey of the incidence, causes, and consequences of a country’s choice of its exchange rate regime. I begin with a critical review of Klein and Shambaugh’s (2010) book Exchange Rate Regimes in the Modern Era, and then proceed to provide an alternative...
Persistent link: https://www.econbiz.de/10008611016
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Rural-Urban Migration and Unemployment: Theory and Policy Implications
Zenou, Yves - C.E.P.R. Discussion Papers - 2010
-urban migration. In this respect, the employment subsidy policy can backfire by raising rather than reducing urban unemployment. …
Persistent link: https://www.econbiz.de/10008784746
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Media and Politics
Strömberg, David - C.E.P.R. Discussion Papers - 2015
This article provides a review of recent literature in economics on the effect of mass media on politics. The focus is on the welfare effects of mass media. I also discuss the likely implications of existing behavioral theories of media effects, developed outside of economics.
Persistent link: https://www.econbiz.de/10011168894
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A Dual Policy Paradox: Why Have Trade and Immigration Policies Always Differed in Labour-Scarce Economies?
Hatton, Timothy J.; Williamson, Jeffrey G - C.E.P.R. Discussion Papers - 2006
opposite, open immigration and closed trade policies. Why the inverse policy correlation, and why has it persisted for almost … two centuries? This paper seeks answers to this dual policy paradox by exploring the fundamentals which have influenced … the evolution of policy: the decline in the costs of migration and its impact on immigrant selectivity, a secular switch …
Persistent link: https://www.econbiz.de/10005114287