Publications

The current debate on fossil fuel subsidies focuses too little on the underlying core question: does the abolishment of such subsidies support the energy transition and hence climate policy? →

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... →

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. →

Purchasing power measures prevent rise in poverty, government deficit remains unchanged. →

The economy is expected to grow by 0.7% in 2023 and 1.4% in 2024. After falling sharply, purchasing power is set to recover by 1.9% in 2024 due to wage growth. Without supplementary policy measures, the number of people in poverty is expected to rise to 5.7% of the population and 7% of children in 2024. →

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. →

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... →

Students from lower income families are entitled to apply for a student grant. Not all entitled students do so. We estimate the non-take-up rate of the need-based student grant in the Netherlands and investigate which student characteristics correlate with the non-take-up. →

We introduce two novel tools to enhance our understanding of international trade. Through the trade cost index, we compute the complete trade costs within a value chain. With the new gravity model that also incorporates... →

Firms face various trade costs that affect their international competitiveness. These include not only direct tariffs on imports and exports but also less obvious indirect tariffs imposed at different points in the... →