Disruptions of labor market trajectories have lasting effects on later economic success. Displacement due to forced labor conscription is a disruption that remains understudied despite its continued prevalence in contemporary contexts. I investigate the consequences of exposure to forced labor conscription for individuals' long-term labor market outcomes. I exploit the fact that cohorts of Dutch...
The study offers a comprehensive retrospective assessment of the Aviation Guidelines related to State Aid, evaluating their effectiveness and efficiency in promoting regional development and enhancing accessibility while minimizing competitive distortions. The analysis focuses on three primary areas: It examines whether the 2014–2024 transition period for phasing out operating aid to airports...
DECIPHE is the first project to comprehensively study whether and how profound demographic changes in Europe impact the intergenerational persistence of homeownership, considering variations across countries, regions, and birth cohorts. It adopts a life course framework on housing tenure, in which individuals’ homeownership is shaped by their household members’ preferences and resources and...
This paper examines how news coverage of the European Central Bank (ECB) affects consumer inflation expectations in the four largest euro area countries. Utilizing a unique dataset of multilingual European news articles, we measure the impact of ECB-related inflation news on inflation expectations. Our results indicate that German and Italian consumers are more attentive to this news, whereas in Spain ...
High-growth firms (HGFs) are important for job creation and productivity growth. We investigate the relationship between product and labour market regulations, as well as the quality of regional governments that implement these regulations, and the development of HGFs across European regions. Using data from Eurostat, the Organisation for Economic Co-operation and Development (OECD), World Economic ...
This article investigates the impact of weather-related disasters on inflation in the euro area over the period 1996–2021. Using a panel structural vector autoregression approach, we explore whether weather-related disasters have a significant and persistent effect on inflation, as well as the role that demand-side and supply-side channels play as drivers of inflation. We also analyse the heterogeneous ...
Following the end of the coronavirus pandemic, the European Central Bank (ECB) was confronted with an unprecedented increase in energy prices. This led to consumer price inflation in the euro area far beyond the ECB’s inflation target of two percent, at times up to 10 percent. At the same time, the euro area economy was threatened by a recession, which resulted in the ECB facing conflicting objectives ...