Related papers: EU Economic Modelling System
We discuss, at the macro-level of nations, the contribution of research funding and rate of international collaboration to research performance, with important implications for the science of science policy. In particular, we…
This article studies the benefits of using spatially randomized experimental designs which partition the experimental area into distinct, non-overlapping units with treatments assigned randomly. Such designs offer improved policy evaluation…
Policy targets evolve faster than the Coupled Model Intercomparison Project cycles, complicating adaptation and mitigation planning that must often contend with outdated projections. Climate model output emulators address this gap by…
We study spillover effects in corporate toxic emissions using a heterogeneous panel network of U.S. industrial facilities from 2000-2023. Rather than imposing a network structure a priori, we uncover an unobserved web of influence directly…
The intensification of European agriculture, characterized by increasing farm sizes, landscape simplification and reliance on synthetic pesticides, remains a key driver of biodiversity decline. While many studies have investigated this…
The spatial and temporal distribution of precipitation has a significant impact on human lives by determining freshwater resources and agricultural yield, but also rainfall-driven hazards like flooding or landslides. While the ERA5…
A high degree of consensus exists in the climate sciences over the role that human interference with the atmosphere is playing in changing the climate. Following the Paris Agreement, a similar consensus exists in the policy community over…
A growing number of applications involve settings where, in order to infer heterogeneous effects, a researcher compares various units. Examples of research designs include children moving between different neighborhoods, workers moving…
How does transport cost affect the spatial organization of economic activities? This study develops a theoretical framework that distinguishes between two types of dispersion forces in spatial models: "local" dispersion forces acting within…
Machine learning is traditionally studied at the model level: researchers measure and improve the accuracy, robustness, bias, efficiency, and other dimensions of specific models. In practice, the societal impact of machine learning is…
With its rapid growth and increasing adoption, big data is producing a substantial impact in society. Its usage is opening both opportunities such as new business models and economic gains and risks such as privacy violations and…
In this paper we estimate a Bayesian vector autoregressive model with factor stochastic volatility in the error term to assess the effects of an uncertainty shock in the Euro area. This allows us to treat macroeconomic uncertainty as a…
Changes in land use patterns have significant environmental and socioeconomic impacts, making it crucial for policymakers to understand their causes and consequences. This study, part of the European LAMASUS (Land Management for…
The EU AI Act adopts a horizontal and adaptive approach to govern AI technologies characterised by rapid development and unpredictable emerging capabilities. To maintain relevance, the Act embeds provisions for regulatory learning. However,…
We develop a novel methodology for the proxy variable identification of firm productivity in the presence of productivity-modifying learning and spillovers which facilitates a unified "internally consistent" analysis of the spillover…
I study identification, estimation and inference for spillover effects in experiments where units' outcomes may depend on the treatment assignments of other units within a group. I show that the commonly-used reduced-form linear-in-means…
Spatio-temporal (ST) forecasting is critical for dynamic systems, yet existing methods predominantly rely on modeling a limited set of observed target variables. In this paper, we present the first systematic exploration of exogenous…
The European Union Emissions Trading System (EU ETS) is a key policy tool for reducing greenhouse gas emissions and advancing toward a net-zero economy. Under this scheme, tradeable carbon credits, European Union Allowances (EUAs), are…
This study simulates the evolution of artificial economies in order to understand the tax relevance of administrative boundaries in the quality of life of its citizens. The modeling involves the construction of a computational algorithm,…
This paper examines the degree of integration at euro area financial markets. To that end, we estimate overall and country-specific integration indices based on a panel vector-autoregression with factor stochastic volatility. Our results…