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Title:Do institutions and culture matter for business cycles? Author(s):ALTUG, Sumru G.; CANOVA, Fabio EUI affiliated

Date:2013Type:Working PaperSeries/Number:CEPR Discussion Paper; 2013/9382Abstract:We examine the relationship between macroeconomic, institutional, and cultural indicators and cyclical fluctuations for European, Middle Eastern and North African Mediterranean countries. Mediterranean cycles are different ...

Title:Spending cuts and their effects on output, unemployment and the deficits Author(s):BERMPEROGLOU, Dimitrios; PAPPA, Evi; VELLA, EugeniaDate:2013Type:Working PaperSeries/Number:CEPR Discussion Paper; 2013/9383Abstract:We compare the output and unemployment effects of fiscal adjustments in different types of government outlays in the US, Canada, Japan, and the UK. We identify shocks in government consumption, investment, vacancies and ...

Title:For an olive wreath? : Olympic Games and anticipation effects in macroeconomic Author(s):BRÜCKNER, Markus; PAPPA, EviDate:2011Type:Working PaperSeries/Number:CEPR Discussion Paper; 2011/8516Abstract:The hosting and bidding for the Olympic Games is a natural experiment to test for anticipation effects in macroeconomics. We examine these effects using panel data for 184 countries during the period 1950-2006. We find ...

Title:Choosing the variables to estimate singular DSGE models Author(s):CANOVA, Fabio EUI affiliated

; FERRONI, Filippo; MATTHES, ChristianDate:2013Type:Working PaperSeries/Number:CEPR Discussion Paper; 2013/9381Abstract:We propose two methods to choose the variables to be used in the estimation of the structural parameters of a singular DSGE model. The first selects the vector of observables that optimizes parameter identification; the ...

Title:Chronicle of a war foretold : the macroeconomic effects of anticipated defense spending shocks Author(s):BEN ZEEV, Nadav; PAPPA, EviDate:2014Type:Working PaperSeries/Number:CEPR Discussion Paper; 2014/9948Abstract:We identify US defense news shocks as shocks that best explain future movements in defense spending over a five-year horizon and are orthogonal to current defense spending. Our identified shocks are strongly correlated ...

Title:Buyers' Coordination and Entry Author(s):MOTTA, Massimo; FUMAGALLI, ChiaraDate:2001Type:Working PaperSeries/Number:CEPR Discussion Paper; 2001/2908

Title:Suspence Author(s):COURTY, Pascal; CHAN, William; LI, HaoDate:2003Type:Working PaperSeries/Number:CEPR Discussion Paper; 3251Abstract:In a dynamic model of sports competition, we show that when spectators care only about the level of effort exerted by contestants, rewarding schemes that depend linearly on the final score difference provide more efficient ...

Title:Close to Balance or in Surplus: A Policy Maker's Guide to the Implementation of the Stability and Growth Pact Author(s):ARTIS, Michael J.; BUTI, MarcoDate:2000Type:Working PaperSeries/Number:CEPR Discussion Paper; 2515Abstract:Under the Stability and Growth Pact, countries are committed to achieving medium-term budget positions of “close to balance or in surplus”. The rationale for this commitment is that such budgetary positions would allow for ...

Title:The Simple Geometry of Transmission and Stabilization in Closed and Open Economies Author(s):CORSETTI, Giancarlo; PESENTI, PaoloDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 5080Abstract:This paper provides an introduction to the recent literature on macroeconomic stabilization in closed and open economies. We present a stylized theoretical framework, and illustrate its main properties with the help of an ...

Title:Exclusive Dealing, Entry and Mergers Author(s):MOTTA, Massimo; FUMAGALLI, Chiara; PERSSON, LarsDate:2005Type:Working PaperSeries/Number:CEPR Discussion Paper; 2005/4902

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