1. Refereed Journal // 2016

    Carbon Price and Wind Power Support in Denmark

    This paper aims at characterizing the conditions of wind power deployment in order to infer a carbon price level that would provide wind power with comparable advantage over fossil fuel technologies as effective…

  2. Refereed Journal // 2016

    Using time-stamped survey responses to measure expectations at a daily frequency

    This article addresses one of the drawbacks of survey-based measures of expectations, the fact that updates are relatively infrequent, due to the monthly or quarterly frequency of survey waves. To obtain a more…

  3. Refereed Journal // 2016

    Forecasting with Bayesian Vector Autoregressions Estimated Using Professional Forecasts

    We propose a Bayesian shrinkage approach for vector autoregressions (VARs) that uses short-term survey forecasts as an additional source of information about model parameters. In particular, we augment the…

  4. Refereed Journal // 2016

    The Role of Banks if Firms are Financially Distressed

    Banks are better suited than other financing partners to process information in order to make efficient liquidations. But their ability depends on bank characteristics and incentives. In addition, the strength…

  5. Refereed Journal // 2016

    A Sequential Decomposition of the Drop in Collective Bargaining Coverage

    Union representation has been in strong decline in most OECD countries with potentially important consequences for wages. What drives this decline? We try to answer this question by developing and implementing a…