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2006 publications

The Warwick Economics Research Paper Series (TWERPS)


Recent copies of the Warwick Economics Research Papers are all available on line. Hard copies of earlier papers are available free of charge. If you wish to obtain a copy, please contact Margaret Nash quoting the Research Paper number.

To access the paper abstract, click on the Research Paper number. To view, download or print the paper itself using Adobe Acrobat Reader (available free from the Adobe site), click on the Research Paper title. If you would prefer to browse through all the abstracts click on the paper number.

2006 Publications




811 Uncertainty and disagreement in economic prediction: the Bank of England Survey of External Forecasters Gianna Boero, Jeremy Smith and Kenneth F Wallis
780 Contracts with Endogenous Information Dezso Szalay
779 Taxes and Employment Subsidies in Optimal Redistribution Programs (Revised Version)

Paul Beaudry, Charles Blackorby, and Dezso Szalay

778 Trade Costs and the Open Macroeconomy Dennis Novy
777 Quantile Forecasts of Daily Exchange Rate Returns from Forecasts of Realized Volatility Michael P Clements,
Ana Beatritz Galvao and
Jae H Kim
776 Regional Vulnerability: The Case of East Asia Ashoka Mody and
Mark P Taylor
775 Funding Higher Education and Wage Uncertainty: Income Contingent Loan versus Mortgage Loan Giuseppe Migali
774 Forecast Encompassing Tests and Probability Forecasts Michael P Clements and
David I Harvey
773 Macroeconomic Forecasting with Mixed Frequency Data : Forecasting US output growth and inflation. Michael P Clements and
Ana Beatritz Galvao
772 Internal consistency of survey respondents.forecasts : Evidence based on the Survey of Professional Forecasters Michael P Clements
771 Testing for unit roots in three-dimensional heterogeneous panels in the presence of cross-sectional dependence Monica Giulietti, Jesus Otero and Jeremy Smith
770 Cartels and Search Norman Ireland and
Michael Waterson
769 The Obstinate Passion of Foreign Exchange Professionals: Technical Analysis Lukas Menkhoff and
Mark P Taylor
768 Real Exchange Rates Over the Past Two Centuries: How Important is the Harrod-Balassa-Samuelson Effect?

James R Lothian and
Mark P Taylor

767 Merger Simulations of Unilateral Effects: What Can We Learn from the UK Brewing Industry? Margaret Slade
766 Taxes and Employment Subsidies in Optimal Redistribution Programs Paul Beaudry and Charles Blackorby
765 Hedge Your Costs: Exchange Rate Rick and Endogenous Currency Invoicing Dennis Novy
764 Is the Iceberg Melting Less Quickly? International Trade Costs after World War II Dennis Novy
763 Correlated Equilibria, Incomplete Information and Coalition Deviations Francis Bloch and Bhaskar Dutta
762 Market with Bilateral Bargaining and Incomplete Information Kalyan Chatterjee and Bhaskar Dutta
761 Unit Versus Ad Valorem Taxes: Monopoly In General Equilibrium Charles Blackorby and Sushama Murty
760 Supply shocks and currency crises: the policy dilemma reconsidered Javier Garcia-Fronti, Marcus Miller, and Lei Zhang
759 Games of Status and Discriminatory Contracts Amrita Dhillon and Alexander Herzog-Stein
758 Testing for stationarity in heterogeneous panel data in the presence of cross section dependence Monica Giulietti, Jesus Otero and Jeremy Smith
757 Sovereign debt restructuring: the Judge, the vultures and creditor rights Marcus Miller and Dania Thomas
756 Externalities and Fundamental Nonconvexities: A Reconciliation of Approaches to General Equilibrium Externality Modelling and Implications for Decentralization Sushama Murty
755 Why are there Serial Defaulters? Evidence from Constitutions E. Kohlscheen
754 Money and Mental Wellbeing: A Longitudinal Studyof Medium-Sized Lottery Wins

Jonathan Gardner and Andrew J. Oswald


Unions, Wages and Labour Productivity: Evidence from Indian Cotton Mills

Bishnupriya Gupta
752 International Liquidity Swaps: Is the Chiang Mai Initiative Pooling Reserves Efficiently ? Emanuel Kohlscheen
and Mark P. Taylor
751 Protests and Reputation Lucia Buenrostro, Amrita Dhillon
and Myrna Wooders
750 Enfranchisement, Intra-Elite Conflict and Bargaining Sayantan Ghosal and Eugenio Proto
749 Who benefits from Child Benefit? Laura Blow, Ian Walker and Yu Zhu
748 Development and the Interaction of Enforcement Institutions Amrita Dhillon & Jamele Rigolini
747 Who really wants to be a millionaire? Estimates of risk aversion from gameshow data (revised version) Roger Hartley, Gauthier Lanot & Ian Walker
746 The other margin: do minimum wages cause working hours adjustments for low-wage workers? Mark B Stewart & Joanna K. Swaffield
745 Hedonic Capital Liam Graham and Andrew J. Oswald
744 An Examination of the Reliability of Prestigious Scholarly Journals: Evidence and Implications for Decision-makers Andrew J. Oswald
743 A Sovereign Debt Model with Trade Credit and Reserves Emanuel Kohlscheen and Stephen A. O'Connell
742 Political Budget Cycles and Fiscal Decentralization Paula Gonzalez, Jean Hindriks, Ben Lockwood and Nicolas Porteiro
741 The Inter-related Dynamics of Unemployment and Low-Wage Employment Mark Stewart
740 Funding Higher Education and Wage Uncertainty: Income Contingent Loan versus Mortgage Loan Giuseppe Migali
739 The Real Exchange Rate Misalignment in the Five Central European Countries Jan Frait, Luboš Komárek & Martin Melecký
738 Monetary Policy and Asset Prices:
What Role for Central Banks in New EU Member States?
Jan Frait & Lubos Komarek