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Discussion Papers

Featured discussion papers

CeDEx 2016-19: The Enforcement of Mandatory Disclosure Rules (revised version of 2016-04)

CeDEx 2016-19: The Enforcement of Mandatory Disclosure Rules (revised version of 2016-04)
Description
Matthias Dahm, Paula González and Nicolás Porteiro show that optimal monitoring of selectively reported information might enforce disclosure rules imperfectly, because it is determined by a trade-off between the reduction in selective reporting and the incentives to invest in information. This implies, for example, that the optimal fine might not be the largest possible fine.
Date:
May 2019

GEP 19/04: Priority roads: The political economy of Africa's interior-to-coast roads

GEP 19/04: Priority roads: The political economy of Africa's interior-to-coast roads
Description
Roberto Bonfatti and co-authors investigate whether Africa's interior-to-coast roads are the optimal response to geography and comparative advantage, or rather the result of political distortions.
Date:
March 2019

NICEP 18/05: Policy experimentation, redistribution and voting rules

NICEP 18/05: Policy experimentation, redistribution and voting rules
Description
Vincent Anesi and T. Renee Bowen analyse a dynamic committee bargaining game that combines experimentation and constrained redistribution. They show that veto rights are more of an obstacle to optimal policy experimentation than the constraints on redistribution themselves.
Date:
March 2019

CFCM 19/01: A theory of outside equity: Financing multiple projects

CFCM 19/01: A theory of outside equity: Financing multiple projects
Description
Spiros Bougheas and Tianxi Wang consider the case of multiple project finance and offer a novel rationale for outside equity.
Date:
January 2019

GEP 19/02: Gravity

GEP 19/02: Gravity
Description
Rodolphe Desbordes and Markus Eberhardt explore the substantial differences in the trade-inducing effects of regional trade agreements across countries and over time.
Date:
January 2019

GC 18/04: Sequential testing for structural stability in approximate factor models

GC 18/04: Sequential testing for structural stability in approximate factor models
Description
Matteo Barigozzi and Lorenzo Trapani propose a procedure to check whether, in real time, there are changes in the covariance structure of a large vector, which could eg represent a portfolio of assets.
Date:
November 2018

CFCM 18/10: Measuring the fiscal multiplier when plans take time to implement

CFCM 18/10: Measuring the fiscal multiplier when plans take time to implement
Description
Kevin Lee, James Morley, Kian Ong and Kalvinder Shields describe how to measure the fiscal multiplier using budget statements on planned and actual government spending.
Date:
November 2018

CeDEx 2018-12: A theory of esteem based peer pressure

CeDEx 2018-12: A theory of esteem based peer pressure
Description
Fabrizio Adriani and Silvia Sonderegger explore how peer composition affects the incentive to engage in social signaling.
Date:
November 2018

CREDIT 18/09: Sectoral choice and selectivity

CREDIT 18/09: Sectoral choice and selectivity
Description
Nirodha Bandara, Simon Appleton and Trudy Owens examine labour force participation decisions and earnings across employment sectors in Sri Lanka and how they vary by gender.
Date:
July 2018

NICEP 18/01: The Clarity Incentive for Issue Engagement in Campaigns

NICEP 18/01: The Clarity Incentive for Issue Engagement in Campaigns
Description
In this paper, Chitralekha Basu and Matthew Knowles suggest that a 'clarity incentive' may explain why political parties frequently address otherwise unfavourable issues during election campaigns.
Date:
April 2018
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