A workhorse two-country portfolio model that embeds net foreign asset (NFA) imbalances rationalizes the following observation: debtor countries have on average a less diversified international portfolio than creditor countries. Abstracting from NFA imbalances, the model would feature a...

The European Social Observatory (OSE) and the European Trade Union Institute (ETUI) have the pleasure of inviting you to the (hybrid) launch event of the 23rd edition of "Social policy in the EU: state of play" (Bilan social de l’UE). Key questions for the event will include: Will...

The ASRDLF Doctoral Studies are aimed at doctoral students and researchers working on territorial and regional issues in the human and social sciences (planning, economics, urban planning, geography, management, history, law, political science, sociology, etc). They take place in the form of...

Recent developments in general equilibrium modelling focus on strategic interactions. Several models offer strategic foundations for the theory of perfect competition. Others analyze the functioning of markets and the working of market power in economies where competition takes place on multiple...

The Digital Development Dialogue (3D) seminar is a monthly 45-minute online forum for policy and research exchange. Two speakers – one researcher and one practitioner – touch upon key topics in development policy with the goal of stimulating a meaningful dialogue across the theory & practice...

The project Working, Yet Poor (WorkYP) is focused on the increasing social trend of working people at risk or below the poverty line. The overall purpose is to effectively prevent the risk of social dumping, reduce economic shocks, and grant EU citizens, mostly those who do not circulate,...

We estimate empirically the impact of the insolvency and bankruptcy code (IBC) on corporate leverage in India. The analysis builds on the Prowess database. For the estimations we use the difference in differences approach, where listed firms are used as the control group. We find that the IBC...

Economists typically make simplifying assumptions to make the solution and estimation of their highly complex models feasible. These simplifications include approximating the true nonlinear dynamics of the model, disregarding aggregate uncertainty or assuming that all agents are identical. While...

The workshop provides an opportunity for graduate students to present their ongoing work in the field of theoretical and empirical labor market research and receive feedback from leading scholars in the discipline. Topics: - Labor supply, labor demand and unemployment ; - Evaluation of labor...

We examine the effect of regional favoritism on firms’ access to credit. Using firm-level data on a large sample of 29,000 firms covering 48 countries, we investigate the hypothesis that access to credit of firms is higher in the birth regions of national political leaders. We find evidence...