Publications


December 27, 2016

Accounting for the Business Cycle Reduces the Estimated Losses from Systemic Banking Crises

We re-estimate the e ffects of systemic banking crises in industrialised countries reported by Cerra and Saxena with a model that includes transitory business cycle shocks.

December 14, 2016

The Effects of Additional Study Choice Activities: Evidence from a Randomized Controlled Trial

This paper analyses the eff ect of additional study choice activities on the probability that subscribers withdraw from the study field of their preference before the study actually commences, as well as on the study performance of students who actually start with the study.

December 6, 2016

Valuation of CO2 emissions in CBA: implications of the scenario study Welfare, Prosperity and the Human Environment

The scenario study Welfare, Prosperity and the Human Environment (WLO ) forecasts long-term developments on four topics, climate being one of them. The study’s climate scenarios have been constructed taking into account various ways of international collaboration on the climate issue around the world. The WLO climate scenarios are characterised by a CO2 emission budget for the rest of the century and an associated CO2 emission reduction target.