CESifo Working Papers
CESifo working papers are available worldwide through this website, SSRN, RePEc, and EconStor. All papers can be downloaded free of charge.
![Buehne_CESifoWP.jpg](https://cesifo.org/sites/default/files/styles/1_to_1__600x600/public/2019-05/Buehne_CESifoWP.jpg?h=9ee013d6&itok=M1w-ftNl&c=1689235842)
11212 hits:
![Firm expectations and economic activity Firm expectations and economic activity](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7623.jpg?c=1689236864)
Firm expectations and economic activity
Working Paper
Firm expectations and economic activity
Zeno Enders, Franziska Hünnekes, Gernot Müller
CESifo, Munich, 2019
CESifo Working Paper No. 7623
CESifo, Munich, 2019
CESifo Working Paper No. 7623
![How do subnational governments react to shocks to revenue sources? Evidence from Argentina How do subnational governments react to shocks to revenue sources? Evidence from Argentina](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7622.jpg?c=1689237128)
How do subnational governments react to shocks to revenue sources? Evidence from Argentina
Working Paper
How do subnational governments react to shocks to revenue sources? Evidence from Argentina
Martin Besfamille, Diego Jorrat, Osmel Manzano, Pablo Sanguinetti
CESifo, Munich, 2019
CESifo Working Paper No. 7622
CESifo, Munich, 2019
CESifo Working Paper No. 7622
![Market-based monetary policy uncertainty Market-based monetary policy uncertainty](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7621.jpg?c=1689237052)
Market-based monetary policy uncertainty
Working Paper
Market-based monetary policy uncertainty
Michael D. Bauer, Aeimit Lakdawala, Philippe Mueller
CESifo, Munich, 2019
CESifo Working Paper No. 7621
CESifo, Munich, 2019
CESifo Working Paper No. 7621
![The sword and the shield: the economics of targeted sanctions The sword and the shield: the economics of targeted sanctions](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7620.jpg?c=1689237048)
The sword and the shield: the economics of targeted sanctions
Working Paper
The sword and the shield: the economics of targeted sanctions
Daniel P. Ahn, Rodney D. Ludema
CESifo, Munich, 2019
CESifo Working Paper No. 7620
CESifo, Munich, 2019
CESifo Working Paper No. 7620
![Savings externalities and wealth inequality Savings externalities and wealth inequality](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7619.jpg?c=1689237175)
Savings externalities and wealth inequality
Working Paper
Savings externalities and wealth inequality
Konstantinos Angelopoulos, Spyridon Lazarakis, Jim Malley
CESifo, Munich, 2019
CESifo Working Paper No. 7619
CESifo, Munich, 2019
CESifo Working Paper No. 7619
![Kalòs kai agathòs? Government quality and cultural heritage in the regions of Europe Kalòs kai agathòs? Government quality and cultural heritage in the regions of Europe](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7618.jpg?c=1689237165)
Kalòs kai agathòs? Government quality and cultural heritage in the regions of Europe
Working Paper
Kalòs kai agathòs? Government quality and cultural heritage in the regions of Europe
Enrico Bertacchini, Federico Revelli
CESifo, Munich, 2019
CESifo Working Paper No. 7618
CESifo, Munich, 2019
CESifo Working Paper No. 7618
![Non-horizontal mergers with investments into compatibility Non-horizontal mergers with investments into compatibility](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7617.jpg?c=1689236918)
Non-horizontal mergers with investments into compatibility
Working Paper
Non-horizontal mergers with investments into compatibility
Gregor Langus, Vilen Lipatov, Jorge Padilla
CESifo, Munich, 2019
CESifo Working Paper No. 7617
CESifo, Munich, 2019
CESifo Working Paper No. 7617
![Compliance effects of risk-based tax audits Compliance effects of risk-based tax audits](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7616.jpg?c=1689236928)
Compliance effects of risk-based tax audits
Working Paper
Compliance effects of risk-based tax audits
Knut Løyland, Oddbjørn Raaum, Gaute Torsvik, Arnstein Øvrum
CESifo, Munich, 2019
CESifo Working Paper No. 7616
CESifo, Munich, 2019
CESifo Working Paper No. 7616
![Dynastic human capital, inequality and intergenerational mobility Dynastic human capital, inequality and intergenerational mobility](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7615.jpg?c=1689236977)
Dynastic human capital, inequality and intergenerational mobility
Working Paper
Dynastic human capital, inequality and intergenerational mobility
Adrian Adermon, Mikael Lindahl, Marten Palme
CESifo, Munich, 2019
CESifo Working Paper No. 7615
CESifo, Munich, 2019
CESifo Working Paper No. 7615
![Phase out tariffs, phase in trade? Phase out tariffs, phase in trade?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7614.jpg?c=1689237140)
Phase out tariffs, phase in trade?
Working Paper
Phase out tariffs, phase in trade?
Tibor Besedes, Tristan Kohl, James Lake
CESifo, Munich, 2019
CESifo Working Paper No. 7614
CESifo, Munich, 2019
CESifo Working Paper No. 7614
![Ideologically-charged terminology: austerity, fiscal consolidation, and sustainable governance Ideologically-charged terminology: austerity, fiscal consolidation, and sustainable governance](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7613.jpg?c=1689237145)
Ideologically-charged terminology: austerity, fiscal consolidation, and sustainable governance
Working Paper
Ideologically-charged terminology: austerity, fiscal consolidation, and sustainable governance
Klaus Gründler, Niklas Potrafke
CESifo, Munich, 2019
CESifo Working Paper No. 7613
CESifo, Munich, 2019
CESifo Working Paper No. 7613
![Volatility forecasts for the RTS stock index: option-implied volatility versus alternative methods Volatility forecasts for the RTS stock index: option-implied volatility versus alternative methods](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7612.jpg?c=1689237115)
Volatility forecasts for the RTS stock index: option-implied volatility versus alternative methods
Working Paper
Volatility forecasts for the RTS stock index: option-implied volatility versus alternative methods
Guglielmo Maria Caporale, Daria Teterkina
CESifo, Munich, 2019
CESifo Working Paper No. 7612
CESifo, Munich, 2019
CESifo Working Paper No. 7612
![Legal Status, Local Spending and Political Empowerment: The Distributional Consequences of the 1986 IRCA Legal Status, Local Spending and Political Empowerment: The Distributional Consequences of the 1986 IRCA](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7611_0.jpg?c=1689236874)
Legal Status, Local Spending and Political Empowerment: The Distributional Consequences of the 1986 IRCA
Working Paper
Legal Status, Local Spending and Political Empowerment: The Distributional Consequences of the 1986 IRCA
Navid Sabet, Christoph Winter
CESifo, Munich, 2019
CESifo Working Paper No. 7611
CESifo, Munich, 2019
CESifo Working Paper No. 7611
![Hiring through referrals in a labor market with adverse selection Hiring through referrals in a labor market with adverse selection](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7610.jpg?c=1689237062)
Hiring through referrals in a labor market with adverse selection
Working Paper
Hiring through referrals in a labor market with adverse selection
Aurelie Dariel, Arno Riedl, Simon Siegenthaler
CESifo, Munich, 2019
CESifo Working Paper No. 7610
CESifo, Munich, 2019
CESifo Working Paper No. 7610
![Urbanization, productivity differences and spatial frictions Urbanization, productivity differences and spatial frictions](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7609.jpg?c=1689237181)
Urbanization, productivity differences and spatial frictions
Working Paper
Urbanization, productivity differences and spatial frictions
Calin Arcalean, Gerhard Glomm, Ioana Cosmina Schiopu
CESifo, Munich, 2019
CESifo Working Paper No. 7609
CESifo, Munich, 2019
CESifo Working Paper No. 7609
![Robots and firms Robots and firms](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7608.jpg?c=1689237063)
Robots and firms
Working Paper
Robots and firms
Michael Koch, Ilya Manuylov, Marcel Smolka
CESifo, Munich, 2019
CESifo Working Paper No. 7608
CESifo, Munich, 2019
CESifo Working Paper No. 7608
![Tax decentralization notwithstanding regional disparities Tax decentralization notwithstanding regional disparities](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7607.jpg?c=1689236897)
Tax decentralization notwithstanding regional disparities
Working Paper
Tax decentralization notwithstanding regional disparities
Antonio Andrés Bellofatto, Martin Besfamille
CESifo, Munich, 2019
CESifo Working Paper No. 7607
CESifo, Munich, 2019
CESifo Working Paper No. 7607
![Corruption beyond the glass ceiling: do women entrepreneurs perceive corruption differently? Corruption beyond the glass ceiling: do women entrepreneurs perceive corruption differently?](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7606.jpg?c=1689237144)
Corruption beyond the glass ceiling: do women entrepreneurs perceive corruption differently?
Working Paper
Corruption beyond the glass ceiling: do women entrepreneurs perceive corruption differently?
Rajeev K. Goel, Michael A. Nelson
CESifo, Munich, 2019
CESifo Working Paper No. 7606
CESifo, Munich, 2019
CESifo Working Paper No. 7606
![Style consistency and mutual fund returns: the case of Russia Style consistency and mutual fund returns: the case of Russia](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7605.jpg?c=1689236875)
Style consistency and mutual fund returns: the case of Russia
Working Paper
Style consistency and mutual fund returns: the case of Russia
Adiya Bayarmaa, Guglielmo Maria Caporale
CESifo, Munich, 2019
CESifo Working Paper No. 7605
CESifo, Munich, 2019
CESifo Working Paper No. 7605
![Inconsistent time preferences and on-the-job search - when it pays to be naive Inconsistent time preferences and on-the-job search - when it pays to be naive](https://cesifo.org/sites/default/files/docbase/docs_imgs/cesifo1_wp7604.jpg?c=1689236838)
Inconsistent time preferences and on-the-job search - when it pays to be naive
Working Paper
Inconsistent time preferences and on-the-job search - when it pays to be naive
Matthias Fahn, Regina Seibel
CESifo, Munich, 2019
CESifo Working Paper No. 7604
CESifo, Munich, 2019
CESifo Working Paper No. 7604