The study uses a synthetic control method to estimate the local economic cost of Brexit. The vast majority of regions in the UK have lost as a result of Brexit. Since losses tend to be concentrated in relatively prosperous regions, Brexit has reduced regional inequalities (“levelling up“) while pushing down national output (“levelling down“ in the aggregate). Using both aggregate data from local...
Does increased legal infrastructure lead to higher intimate partner violence (IPV) reporting and empower victims to leave abusive relationships? Structural barriers often prevent IPV victims from seeking help, with two-thirds of female victims in Europe neither reporting incidents to the police nor accessing support services. I study the rollout of women’s shelters and the introduction of the 2002...
Recent proposals for a European deposit insurance scheme (EDIS) favor a reinsurance framework. In this paper, we use a regime-switching open economy DSGE model with bank defaults to assess the relative efficiency of such a scheme. We find that reinsurance by EDIS is more effective in stabilizing real activity, credit, and welfare than a national fiscal backstop. We demonstrate that risk-weighted contributions ...
This paper studies and compares the effect of different adverse life events -- job loss, disability and health shocks, divorce and spousal death -- on individuals' income trajectories. We use a harmonized design across events in terms of methodology and data: matching difference-in-difference with exhaustive Dutch administrative registers. We assess the effect of adverse events on different...
Achieving a balanced monetary-fiscal policy mix in the euro area is crucial to ensure that monetary policy is able to fulfil its primary price stability objective. This paper outlines, from an economic and legal perspective, the interaction between monetary and fiscal policy in light of the current monetary and fiscal stance and, in particular, the “quasi-fiscal” effects of some unconventional monetary ...
This project examines the French academic pipeline to identify when and why women become underrepresented in faculty positions: I investigate whether they are less likely to apply, less likely to succeed or a combination of both. Using comprehensive administrative data combining Thèses.fr doctoral records and administrative data from the Conseil National des Universités (CNU), I analyze gender...
This paper documents the rise of corporate tax-base narrowing measures in the EU using a novel dataset covering both tax rate and tax base reforms implemented between 2014 and 2022. Our findings indicate a shift away from the ’cut rate – broaden base’ approach, as governments increasingly align corporate taxation with industrial policy objectives. We show that EU tax competition exerts downward pressure ...
