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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; 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:Fiscal Stimulus with spending reversals Author(s):CORSETTI, Giancarlo; MEIER, André; MÜLLER, Gernot J.Date:2009Type:Working PaperSeries/Number:CEPR Discussion Paper; 2009/7302Abstract:The impact of fiscal stimulus depends not only on short-term tax and spending policies, but also on expectations about offsetting measures in the future. This paper analyzes the effects of an increase in government spending ...
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
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:Trade Secret Laws, Labour Mobility, and Innovation Author(s):MOTTA, Massimo; RONDE, ThomasDate:2002Type:Working PaperSeries/Number:CEPR Discussion Paper; 2002/3615
Title:Buyers' Coordination and Entry Author(s):MOTTA, Massimo; FUMAGALLI, ChiaraDate:2001Type:Working PaperSeries/Number:CEPR Discussion Paper; 2001/2908