Publications


May 12, 2017

Collateral Damage? Decreasing House Prices and Entrepreneurial Lending

We study the effect of housing collateral on entrepreneurial lending in the Netherlands. This residential collateral channel is especially relevant for sole proprietors for whom there is no legal distinction between the owner and the business.

April 25, 2017

Tax arbitrage incentives for mortgage prepayment behavior: Evidence from Dutch micro data

This paper exploits a unique set of Dutch micro data to analyze the response in prepayment behavior to changes in incentives for prepaying.

April 5, 2017

Optimal Tax Routing: Network Analysis of FDI diversion

The international corporate tax system is considered as a network and, just like for transportation, ‘shortest’ paths are computed, minimizing tax payments for multinational enterprises when repatriating profits. We include corporate income tax rates, withholding taxes on dividends, double tax treaties and the double taxation relief methods.

April 4, 2017

Knowledge diffusion across regions and countries: evidence from patent citations

We study knowledge spillovers from European universities and other research organizations using data from patent citations at the EPO.

April 3, 2017

The Impact of House Price Shocks on the Savings of Dutch Homeowners and Renters

We study the impact of changes in house prices on savings using administrative panel data on Dutch owner-occupying and renting households over the period 2006-2013.