Working papers
Long-form papers with original research methodologies that lay academic foundations to address policy issues
Working papers
Unpacking China’s industrial policy and its implications for Europe
This paper assess how beneficial industrial policy has been for China and how exportable to the European Union its model might be
Using the financial system to enforce export controls
Russian imports of battlefield goods that are subject to export controls, including from Western producers, have surged since mid-2022
Economic arguments in favour of reducing copyright protection for generative AI inputs and outputs
The licensing of training inputs slows down economic growth compared to what it could be with competitive and high-quality GenAI
The rocky road to EU accession for Western Balkan countries: obstacles and lessons from the Eastern Partnership
The three eastern European states had practically no waiting time before being accepted as candidate countries right after application
Incorporating the impact of social investments and reforms in the European Union’s new fiscal framework
This paper proposes an approach for quantifying the impact of public investments and reforms on debt sustainability
Working paper
22 October 2015
Filling the gap: open economy considerations for more reliable potential output estimates
This paper proposes a novel structural model to estimate the equilibrium level of output and reports
results for 45 countries. The model is conceptua
Working paper
20 October 2015
Enhancing financial stability in developing Asia
This paper outlines guidelines for policymakers pursuing financial stability in developing Asia. It aims at supporting Asian policymakers’ judgment b
Working paper
01 September 2015
The globalisation of angel investments
Nature and consequences of angel investments across a variety of geographies with varying levels of venture capital markets and other forms of risk ca
Working paper
13 August 2015
The grand divergence: global and European current account surpluses
This Working Paper assesses various explanations for the EU’s increased current account surpluses.
Working paper
15 July 2015
The vulnerability of Europe's small and medium-sized banks
Stress tests show significant weaknesses in Europe's small and medium-sized banks. Strengthening the banking system is important to ach
Working paper
15 July 2015
Europe's exports superstar - it's the organisation!
What explains Germany’s superb export performance? Is Germany’s export behaviour very distinct compared to other European countries?
Working paper
08 July 2015
The political economy of financial crisis policy
Government intervention to stabilise financial systems in times of banking crises ultimately involves political decisions. This paper sheds light on h
Working paper
24 March 2015
Living (dangerously) without a fiscal union
The euro area’s political contract requires member nations to rely principally on their own resources when confronted with severe economic distress. S
Working paper
18 March 2015
The effort to stabilise the financial system in Japan: an outline and the characteristics of the programme for financial revival
This paper provides an overview of the Programme for Financial Revival announced in October 2002 in Japan. The programme aimed to dramatically reduce
Working paper
16 March 2015
The long road towards the European single market
This paper argues that identifying and quantifying the channels through which market integration is expected to engender growth is methodological
Working paper
16 December 2014
Bad banks in the EU: the impact of Eurostat rules
At least 12 European Union member states used publicly created asset management companies (AMCs), otherwise known as a ‘badbanks’ to respond to
Working paper
04 December 2014
Aging and the governance of the healthcare system in Japan
Japan is the most rapidly aging country in the world. A total reform of the Japanese social security system, therefore, is inevitable. Other advanced
Working paper
27 November 2014
The policy dilemma of the unitary patent
This paper provides new evidence about the budgetary consequences – for patent offices – of the coexistence of the forthcoming Unitary Patent (UP) wit
Working paper
06 November 2014
Does Money Matter in the Euro area? Evidence from a new Divisia Index
The purpose of this paper is to examine the possible role of money shocks on output and prices in the euro area.
Working paper
08 October 2014
Developing an underlying inflation gauge for China
This paper develops a new underlying inflation gauge (UIG) for China which differentiates between trend and noise, is available daily and uses a broad
Working paper
29 September 2014
Remerge: regression-based record linkage with an application to PATSTAT
We further extend the information content in PATSTAT by linking it to Amadeus, a large database of companies that includes financial information. Pate
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