Publications


July 10, 2024

The added value of machine learning for macroeconomic forecasting in the Netherlands

In this paper, we explore how machine learning can enhance macroeconomic forecasting for the Dutch economy.

Woman working on a computer
May 29, 2024

The Costs of Affirmative Action: Evidence from a Medical School Lottery

It is possible to promote diversity among student populations without the use of lottery selection.

Students
December 19, 2023

Quantifying Misallocation of Public Housing

We investigate how public housing in the Netherlands is distributed among households, and explore the role of the applied non-market allocation mechanism

houses
December 14, 2023

Predictability and (co-)incidence of labor and health shocks

Setbacks such as dismissal or illness can turn the lives of people upside down. This study shows that such adverse events can be anticipated in advance and that their occurrence is strongly interrelated.

risk
November 28, 2023

Causal forests with fixed effects for treatment effect heterogeneity in difference-in-differences

Recently developed heterogeneity-robust two-way fixed effects (TWFE) estimators do not quantify the full heterogeneity in treatment effects in a difference-in-differences research design....

October 24, 2023

Does replacing grants by income-contingent loans harm enrolment? New evidence from a reform in Dutch higher education

This paper evaluates the impact of a reform which replaced universal basic grants by income-contingent loans on enrolment in Dutch higher education using administrative data of ten complete student cohorts....

October 10, 2023

Disentangling business- and tax-motivated bilateral royalty flows

Multinational firms pay for the use of intellectual property (IP). The IP-rights may be located in another country where the royalty income is taxable. This taxation may differ between countries which offers...

September 26, 2023

Mortgage Debt Limits and Buy-to-Let Investors: A Structural Model of Housing with an Endogenous Rental Sector

Since the financial crisis, home ownership rates have decreased across the world. Also in the Netherlands, the size of the rental sector has increased. Decreased access to mortgage debt explains part of this development. We show that tightened mortgage debt limits explain a fifth of the increase in rentals between 2013 and 2019.

houses
July 6, 2023

European Insolvency Law and Firm Leverage

In our new study we find that strengthening insolvency law increases the amount of long-term debt, as a percentage of total assets, on firms’ balance sheets in Europe.

out of business
July 4, 2023

Bank Funding, SME lending and Risk Taking

European companies heavily rely on bank credit to finance their operations and investments. Therefore, it is crucial for banks to take risks on corporate loans, although excessive risk-taking can have negative...