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CEP discussion paper
Medical marijuana laws and mental health in the United States

The consequences of legal access to medical marijuana for individual welfare are a matter of controversy. We contribute to the ongoing discussion by evaluating the impact of the staggered introduction and extension of me...Read more...

Jörg Kalbfuß, Reto Odermatt and Alois Stutzer

2 May 2018

CEP discussion paper
External Integration, Structural Transformation and Economic Development: Evidence From Argentina

This paper uses the natural experiment of Argentina’s integration into world markets in the late-nineteenth century to provide evidence on the role of internal geography in shaping the effects of external integration. We...Read more...

Pablo Fajgelbaum and Stephen J. Redding

6 June 2014

CEP discussion paper
When the Cat is Near, the Mice Won't Play: The Effect of External Examiners in Italian Schools

We use a natural experiment to show that the presence of an external examiner has both a direct and an indirect negative effect on the performance of monitored classes in standardized educational tests. The direct effect...Read more...

Marco Bertoni, Giorgio Brunello and Lorenzo Rocco

15 February 2013

CEP discussion paper
Regional Trade Agreements

This paper reviews the theoretical and the empirical literature on regionalism. The formation of regional trade agreements has been, by far, the most popular form of reciprocal trade liberalization in the last fifteen ye...Read more...

Caroline Freund and Emanuel Ornelas

December 2009

CEP discussion paper
The ASEAN Free Trade Agreement: Impact on Trade Flows and External Trade Barriers

Using detailed data on trade and tariffs from 1992-2007, we examine how the ASEAN Free Trade Agreement has affected trade with non-members and external tariffs facing non-members. First, we examine the effect of preferen...Read more...

Hector Calvo-Pardo, Caroline Freund and Emanuel Ornelas

May 2009

CEP discussion paper
Does Regionalism Affect Trade Liberalization Towards Non-Members?

We examine the effect of regionalism on unilateral trade liberalization using industry-level data on applied MFN tariffs and bilateral preferences for ten Latin American countries from 1990 to 2001. We find that preferen...Read more...

Antoni Estevadeordal, Caroline Freund and Emanuel Ornelas

May 2008

Manpower Human Resource Lab paper
Leeway for the Loyal: A Model of Employee Discretion

This paper examines the factors underlying task discretion from an economist’s perspective. It argues that the key axis for understanding discretion is the trade-off between the positive effects of discretion on potentia...Read more...

Francis Green

April 2007

CEP discussion paper
Do Workers' Remittances Reduce the Probability of Current Account Reversals?

The paper combines the literature on financial crises in emerging markets and developing economies with that on international migrations by investigating whether the increasingly large flows of workers’ remittances can h...Read more...

Matteo Bugamelli and Francesco Paternò

February 2006

CEP discussion paper
Financial Globalization and Exchange Rates

The founders of the Bretton Woods System sixty years ago were primarily concerned with orderly exchange rate adjustment in a world economy that was characterized by widespread restrictions on international capital mobili...Read more...

Philip R. Lane and G Milesi-Feretti

December 2004

CEP discussion paper
Is Seniority-Based Pay Used as a Motivation Device? Evidence from Plant Level Data

In this paper we use data from industrial plants to investigate if seniority-based pay is used as a motivational device for production workers. Alternatively, seniority-based pay could simply be a wage setting rule not n...Read more...

Alberto Bayo-Moriones, Jose E. Galdon-Sanchez and Maia Güell

August 2004