We construct a perpetual youth DSGE model with aggregate uncertainty in which there are dynamically complete markets and agents have Epstein-Zin preferences. We prove that, when endowments have a realistic hump-shaped age-profile, our model has three steady-state equilibria. One of these...

In this research study, we show how existing approaches of using generative adversarial networks (GANs) as economic scenario generators (ESG) can be extended to an entire internal market risk model-with enough risk factors to model the full band-width of investments for an insurance company and...

Research on intergenerational transmission of inequality tends to focus on unequal access to wealth as well as human and social capital. Often lost in these discussions is the role of parent-offspring relationships. This study takes a closer look into families and investigates how the...

The Dutch government modified twice the taxation of intergenerational transfers aimed at mortgage down-payments and prepayments. We identify the causal effects of the tax exemption on prepayments and inter vivos transfers separately by exploiting changes in the policy design. Subsequent policy...

The 2021 Glasgow Climate Pact brought the ocean into the international climate regime, and the 2022 Sharm el-Sheikh COP27 of the UN Framework Convention on Climate Change (UNFCCC) has finally ushered the world into a special fund to respond to loss and damage associated with the adverse effects...

Financial authorities' use of technology has evolved over the years, leading to different generations of technology that culminate in what the paper considers as suptech. Suptech refers to the application of big data or artificial intelligence (AI) to tools used by financial authorities. There...