Economics
The paper studies the nowcasting of Euro area Gross Domestic Product (GDP) growth using mixed data sampling machine learning panel data regressions with both standard macro releases and daily news data. Using a panel of 19 Euro area…
This note extends Restrepo (2025)'s model of economic growth under AGI by incorporating Moravec's Paradox -the observation that tasks requiring sensorimotor skills remain computationally expensive relative to cognitive tasks. We partition…
This paper examines the characterizations of equilibrium in economies with public projects. Public goods, as discussed by Mas-Colell (1980), are modeled as elements of an abstract set lacking a unified ordering structure. We introduce the…
We consider a classic many-to-one matching setting, where participants need to be assigned to teams based on the preferences of both sides. Unlike most of the matching literature, we aim to provide fairness not only to participants, but…
Graduated driver licensing systems effectively reduce adolescent traffic fatalities but create unintended health consequences. Using state-level variation in licensing policies from 1999-2020 and difference-in-differences analysis, we…
Government trust, as a core concept in political economy and public policy research, serves as a fundamental cornerstone of democratic legitimacy and state capacity. This paper examines how environmental conditions, particularly sunlight…
The diversity of corporate social responsibility (CSR) disclosure is a crucial dimension of corporate transparency, reflecting the breadth and resilience of a firm's social responsibility. Using CSR reports of Chinese A-share firms from…
We introduce the upward rank mobility curve as a new measure of intergenerational mobility that captures upward movements across the entire parental income distribution. Our approach extends Bhattacharya and Mazumder (2011) by conditioning…
The global trade in electronic and electrical goods is complicated by the challenge of identifying e-waste, which is often misclassified to evade regulations. Traditional analysis methods struggle to discern the underlying patterns of this…
The consumption function maps current wealth and the exogenous state to current consumption. We prove the existence and uniqueness of a consumption function when the agent has a preference for wealth. When the period utility functions are…
This paper proposes a cohort-anchored framework for robust inference in event studies with staggered adoption, building on Rambachan and Roth (2023). Robust inference based on event-study coefficients aggregated across cohorts can be…
We study solution concepts for normal-form games. We obtain a characterization of Nash equilibria and logit quantal response equilibria, as well as generalizations capturing non-expected utility. Our axioms reflect that players are…
In dynamic discrete choice (DDC) analysis, it is common to use mixture models to control for unobserved heterogeneity. However, consistent estimation typically requires both restrictions on the support of unobserved heterogeneity and a…
Metro Line 3 in Brussels is one of Europe's most debated infrastructure projects, marked by escalating costs, delays, and uncertainty over completion. Yet no public accessibility appraisal exists to inform this policy debate. This paper…
The COVID-19 pandemic disrupted schooling worldwide, raising concerns about widening educational inequalities. Using population-level administrative data from the Netherlands (N = 1,471,217), this study examines how socio-economic…
A seller wants to sell a good to a set of bidders using a credible mechanism. We show that when the seller has private information about her cost, it is impossible for a static mechanism to achieve the optimal revenue. In particular, even…
The impact evaluation of female sports events remains an important yet neglected area of research. To fill this gap, this working paper provides a timely assessment of the 2025 UEFA Women's European Championship (WEURO) in Switzerland-the…
Modern universities may play a significant role in entrepreneurial ecosystems by boosting the entrepreneurial activity of the region. One way to achieve this is through entrepreneurship education. In this study we suggest that one reason…
Over the past decade alternatives to traditional insurance and banking have grown in popularity. The desire to encourage local participation has lead products such as peer-to-peer insurance, reciprocal contracts, and decentralized finance…
This study investigates the impact of a fiscal policy spending shock on the economy of the Visegrad 4 countries. The impact is estimated with an SVAR model, and the calculations are based on 84 quarterly observations (1999Q1-2019Q4). The…