We show how simple statistical techniques for capturing critical transitions used in natural sciences, fail to capture economic regime shifts. This implies that we need to use model-based approaches to identify critical transitions. We apply a heterogenous agents model in a standard housing...

This Occasional Study wraps up the modelling work that has been done in recent years regarding DNB's multi-country model EUROMON. It offers a description of the current version of the model and provides information about its simulation properties through the analysis of variety of standard...

This study analyses the relationship between wage payments, the persistent circulation of foreign coins and the shortage of national currency in Netherlands Limburg between 1839 and 1914. This region is of particular interest because of its complex political past, its geographical position and...