impact of EU structural funds on employment drawing on a panel dataset of 130 European NUTS regions over the time period 1999 … structural funds for an extended time horizon and examine the robustness of our results by comparing different dynamic panel …

effect panel regressions linking such density characteristics and density forecast performance. Our empirical results suggest …

We propose a dynamic factor model for mixed-measurement and mixed-frequency panel data. In this framework time series … obtained by means of simulation, thus enabling straightforward parameter estimation by standard maximum likelihood. We use the …

the NMS, by using a Bayesian estimation that combines information across countries. The impulse responses in the NMS are …

We introduce a new dynamic clustering method for multivariate panel data char-acterized by time-variation in cluster … current center of their previous cluster as-signment. This links consecutive cross-sections in the panel together … settings. The method is illustrated using a multivariate panel of four accounting ratios for 28 large European insurance firms …

We analyze the impact of efficiency on bank risk. We also consider whether bank capital has an effect on this … supporting the bad management and efficiency version of the moral hazard hypotheses. In contrast, bank efficiency improvements … contribute to shore up bank capital levels. Our findings suggest that banks lagging behind in their efficiency levels might …

panel probit models to analyse key determinants of credit-less recoveries. Our main findings are the following. First, our … estimated panel probit models suggest that credit-less recoveries are typically preceded by large declines in economic activity …

We propose a new methodology to identify aggregate demand and supply shocks in the bank loan market. We present a model … of sticky bank-firm relationships, estimate its structural parameters in euro area credit register data, and infer … largely explained by demand shocks. Fluctuations in lending rates were instead mostly determined by bank-driven supply shocks …