In recent years, large platforms have raised concerns that they may engage in anticompetitive practices that affect the market competition. Therefore, analyze the competition structure inside platforms is a relevant issue ...
This report present a conceptual and empirical analysis of the Chilean Antitrust Authority's decision in the upstream dairy market. In 2004, the Antitrust Court decided that the biggest milk processors should not discriminate ...
We undertook an ex-post analysis of a 2013 Agreement in the Netherlands to close five aging coal power plants in 2016 and 2017. First, we evaluate the Authority for Consumers and Markets’ (ACM) assumption that the plant ...
Akker, Ruben van den; Hammad, Nour; Marin, Alexandre(2021-07-24)
Mental health outcomes significantly deteriorated in the United Kingdom as a result of the Covid-19 pandemic, particularly for younger individuals. This paper uses data from the Millennium Cohort Study to investigate the ...
Vector autoregression (VAR) models are a popular choice for forecasting of macroeconomic time series data. Due to their simplicity and success at modelling the monetary economic indicators VARs have become a standard tool ...
Normalizing flows are an elegant approximation to generative modelling. It can be shown that learning a probability distribution of a continuous variable X is equivalent to learning a mapping f from the domain where X is ...
We construct a theoretical Overlapping Generations (OLG) model to describe how sovereign debt crises can propagate in the economy under certain financial constraints. When prices of bonds fall due to perceived sovereign ...
2008-2009 Global Financial Crisis led to European debt crisis leaving the periphery of euro zone with very high borrowing costs compared to core countries. When Covid-19 Pandemic Crisis hit the economies, unconventional ...
In line with the growing governmental efforts to reduce the gender income gap, in 2016 a retirement pension supplement for mothers of two or more children was introduced in Spain. Through an Oaxaca-Blinder decomposition ...
We develop early warning models for systemic crises prediction using machine learning techniques on macrofinancial data for 36 countries for quarterly data spanning 1970-2013. Machine learning models outperform logistic ...
In order to analyse whether financial conditions are relevant downside risk predictors for the 5% Growth at Risk conditional quantile, we propose a Dynamic Factor- GARCH Model, comparing it to the two most relevant approaches ...
IFRS 9, which changes the estimation of Loan Loss Provisions from an Incurred Loss model to an Expected Credit Loss model, entered into application in 2018. It changed the focus to a forward-looking perspective, which ...
Blanchard, Thomas Jonathan Yasue; Masdottir, Katrin Svava; Schuelke, Lukas; Tully, Marc Robert(2021-06-11)
Natural disasters frequently happen in Indonesia. However, the May 27, 2006 Yogyakarta earthquake still stands out with a magnitude of 6.3 on the Richter Scale. The total financial cost caused by the earthquake was US$ 3.1 ...
In 2016, the first shipment left Ethiopia’s capital for Djibouti port, which handles 90% of Ethiopia’s international trade. The revolutionary 753km single-track electrified railway reduced the journey from 84 hours to 15 ...
The reform of the European fiscal framework is a live debate and a need recently recognized by the European Commission. Surges in public debt as a result of the COVID-19 crisis intensify the debate, while the structural ...
Shocks to the European Central bank’s unconventional monetary policy trigger Dutch pension funds to search for yield: A structural VAR analysis shows that the pension funds reallocate their asset holdings from bonds towards ...
This paper explores the role of soft skills in the U.S. labor market. According to the previous literature, these skills – also called non-cognitive- are crucial as they allow firms to lower coordination costs by trading ...
How does a sudden migrant crisis affect criminal activity, and through which mechanisms does this effect take place? We approach this topic by studying the effect of Venezuelan migration on crime rates in Colombia, in the ...
We employ a dynamic panel fixed effects model to assess the macroeconomic consequences of natural disasters in Africa and the effectiveness of debt relief in promoting post-disaster recovery. Our results show that floods ...
This paper examines the wages and career prospects of employees in flexible work arrangements (FWAs). Using the British Household Panel Survey, we analyse the effect being in a FWA has on hourly wages and the likelihood ...